European Accounting Review最新文献

{"title":"How Do Corporate Tax Rates Alter Conforming Tax Avoidance?","authors":"Sebastian Eichfelder, Martin Jacob, Nadine Kalbitz, Kelly Wentland","doi":"10.1080/09638180.2023.2287725","DOIUrl":"https://doi.org/10.1080/09638180.2023.2287725","url":null,"abstract":"We examine an international panel of domestic firms to quantify the degree to which conforming tax avoidance changes with statutory tax rates. We derive an estimation method that identifies conform...","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":null,"pages":null},"PeriodicalIF":3.3,"publicationDate":"2024-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139408703","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Effect of Audit Partner Digitalization Expertise on Audit Fees","authors":"Arpine Maghakyan, Henry Jarva, Lasse Niemi, Jukka Sihvonen","doi":"10.1080/09638180.2023.2298433","DOIUrl":"https://doi.org/10.1080/09638180.2023.2298433","url":null,"abstract":"This study focuses on the effects of digitalization on the auditing industry and the impact of audit partner expertise in digitalization on audit fees. Using data from listed U.S. companies between...","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":null,"pages":null},"PeriodicalIF":3.3,"publicationDate":"2024-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139376666","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Earnings Management and the Role of Moral Values in Investing","authors":"R. Gibson Brandon, Matthias Sohn, Carmen Tanner, Alexander F. Wagner","doi":"10.1080/09638180.2023.2291408","DOIUrl":"https://doi.org/10.1080/09638180.2023.2291408","url":null,"abstract":"","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":null,"pages":null},"PeriodicalIF":3.3,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138945733","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"CFO Career Concerns and Strategic Decisions: An Empirical Analysis of M&As","authors":"Sebastian Firk, Yannik Gehrke, Sven Richter, Michael Wolff","doi":"10.1080/09638180.2023.2291405","DOIUrl":"https://doi.org/10.1080/09638180.2023.2291405","url":null,"abstract":"Chief financial officers (CFOs) have become increasingly involved in strategic decisions. The literature has emphasized the potential benefits of this development, delineating CFOs as impartial adv...","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":null,"pages":null},"PeriodicalIF":3.3,"publicationDate":"2023-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138820606","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Investor Base Size and Underreaction- Consistent Stock Return Anomalies","authors":"Stefan Anchev, Nicha Lapanan","doi":"10.1080/09638180.2023.2265975","DOIUrl":"https://doi.org/10.1080/09638180.2023.2265975","url":null,"abstract":"We find that several well-documented underreaction-consistent stock return anomalies, such as those based on stocks’ earnings-to-price ratios, returns on assets and past returns, arise and persist ...","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":null,"pages":null},"PeriodicalIF":3.3,"publicationDate":"2023-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138689007","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Delegated Bank Monitoring by Bond Investors: Evidence from Japanese Main Banks","authors":"Naoki Futaesaku, Norio Kitagawa, Akinobu Shuto","doi":"10.1080/09638180.2023.2281380","DOIUrl":"https://doi.org/10.1080/09638180.2023.2281380","url":null,"abstract":"We investigate whether bank monitoring based on private information in private debt reduces the reliance on public earnings information in public debt. We focus on Japanese main banks, which have a...","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":null,"pages":null},"PeriodicalIF":3.3,"publicationDate":"2023-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138503168","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Dissemination of Accounting Research","authors":"Beatriz García Osma, Araceli Mora, Jochen Pierk","doi":"10.1080/09638180.2023.2276215","DOIUrl":"https://doi.org/10.1080/09638180.2023.2276215","url":null,"abstract":"Transference of knowledge to society hinges on the effective dissemination of research findings. We document a limited societal impact of accounting, as measured by the attention generated by published research in leading journals. This attention significantly trails that generated by other disciplines, like finance or management. Survey evidence suggests dissemination is hindered by a mix of low incentives, lack of training, and limited support provided to academics by their institutions, journals and academic associations. We provide several recommendations that may be useful to improve dissemination.","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134991865","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"‘Whose Story is it?’: Co-production and Psychological Ownership of Narrative Reports","authors":"Kai Demott, Martin Messner","doi":"10.1080/09638180.2023.2273968","DOIUrl":"https://doi.org/10.1080/09638180.2023.2273968","url":null,"abstract":"AbstractThe paper examines the co-production of narrative reports in the context of a non-profit innovation network. Prior research on narrative reporting suggests that corporate reports and similar organizational narratives are likely the product of collective efforts of different actors in the backstage. The actual process of (re-)writing such narratives has received little attention, however. In our paper, we examine how the inputs of different individual actors are translated into an organizational narrative. Mobilizing Goffman’s dramaturgical sociology as our main lens of analysis, we highlight different mechanisms of dramaturgical guidance in backstage interactions, and we show how such guidance can have repercussions on the original authors of narratives when they feel like they are losing ownership of ‘their’ stories. Overall, our paper adds to our understanding of the backstage-frontstage dynamics in narrative reporting.Keywords: NarrativesReportingSuccess storiesDramaturgical guidancePsychological ownership AcknowledgementsWe are very grateful to the participants in this study for their time and support of the project. Earlier versions of the paper were presented at the Assembly of the Swedish Research School in Accounting 2018 (Sigtuna), the EDEN Doctoral Colloquium 2018 (Brussels), and the Doctoral Colloquium at ACMAR 2019 (Vallendar). We would like to thank participants at these events for their valuable comments and suggestions. We particularly thank Carlos Larrinaga (editor) and two anonymous reviewers for their very helpful comments throughout the review process.Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1 Note that, while we present our theoretical perspective upfront, this perspective emerged in an abductive manner (i.e. in interaction with our reading of the empirical material), as is typical for many qualitative studies (see Ahrens & Chapman, Citation2006; Lukka, Citation2014).","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135092987","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Opioid Crisis, Employee Health Capital, and Corporate Information Production","authors":"Dongyue Wang, Leonard Leye Li, Louise Yi Lu, Mark Wilson","doi":"10.1080/09638180.2023.2272622","DOIUrl":"https://doi.org/10.1080/09638180.2023.2272622","url":null,"abstract":"AbstractThis study examines the effect of employee health on corporate information production. Utilizing exposure to opioid abuse as the proxy for employee health, we find that firms headquartered in counties of high opioid prescription rate produce significantly less accurate management earnings forecasts. This result is robust to controlling for other dimensions of human capital and to utilizing the effective anti-opioid legislation across states as a plausibly exogenous variation that limits the prescriptions of opioid. The negative effect of opioid abuse is stronger for firms facing higher forecast difficulty, and is mitigated for firms with easier access to opioid treatment, for firms with superior employee welfare policies, and for firms with a corporate social responsibility (CSR) committee. We also show that managers delay earnings announcements and reduce forecast precision amidst high local opioid activity. Finally, we show that investors react less strongly to news in forecasts issued by firms located in high opioid areas, consistent with their recognition of the potential adverse effect of opioid abuse on information production within the firm.Keywords: Opioid crisisManagement forecastsHealth capitalJEL codes: G02J01J30M51 AcknowledgementsWe thank Chen Chen, Neil Fargher, Jeroen Koenraadt (discussant), Gary Monroe, Rencheng Wang, Yangxin Yu and participants in EAA 2022 Annual Conference for their useful comments.Disclosure statementNo potential conflict of interest was reported by the author(s).Data Availability StatementThe data used in this study are available from the public sources identified in the paper.Supplemental Data and Research MaterialsSupplemental data for this article can be accessed on the Taylor & Francis website, doi:10.1080/09638180.2023.2272622.Appendix OA: Discussion of alternate explanations for our main findings.Table A1: Tests of Alternative ExplanationsTable A2: Tests of the Market Reaction to Management ForecastsNotes1 See: https://www2.deloitte.com/us/en/insights/topics/leadership/ceo-role-employee-health-wellness.html.2 The widespread opioid abuse has reached crisis levels in the US, with more than 10 million Americans estimated to misuse opioids annually, resulting in $50 billion in healthcare and criminal justice costs, as well as $32 billion in productivity losses (Florence et al., Citation2021).3 For example, American Addiction Centers (2022) suggests that opioids (e.g., OxyContin, Vicodin, Fentanyl, Xanax and sleeping pills like Ambien) have made significant marks to white-collar professionals as these employees often resort to these pills for stress relief, relaxation, or to get some sleep at night. See: https://americanaddictioncenters.org/workforce-addiction/white-collar.4 In untabulated results, we further explore whether the attributes of the management team and/or workforce attenuate or exacerbate the negative effect of opioid abuse on managerial forecast accuracy. We find that the effect of opio","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135092866","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Enforcing Disclosure Compliance in Mergers and Acquisitions: Evidence from China","authors":"Junzi Zhang, Pawel Bilinski, Ivana Raonic, James Ryans","doi":"10.1080/09638180.2023.2273380","DOIUrl":"https://doi.org/10.1080/09638180.2023.2273380","url":null,"abstract":"This study examines how enforcement of acquisition disclosure regulation affects investors’ assessment of the transactions’ quality at merger and acquisition (M&A) announcements. Using a novel sample of comment letters on acquisition filings by public companies in China, we document that regulatory requests for disclosure enhancement and clarifications are more common on lower quality transactions obfuscated by weaker disclosure as evidenced by (i) a lower likelihood of the deal closing, and if the deal does close, lower post-deal firm profitability; and, (ii) a greater likelihood of subsequent goodwill impairment. Using entropy balancing matching, we document that transactions that receive comment letters associate with significant negative bidder announcement returns suggesting that regulatory actions reveal new information that aids investors to identify lower quality deals. The negative price effect is greater when comment letters have more acquisition-specific comments, compared to letters with more comments on general accounting and governance issues. Our results showcase that enforcing disclosure compliance in M&A filings aids investors in assessing the quality of M&A transactions at the time when the filings are made public.","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135340863","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}