European Accounting Review最新文献

{"title":"The Consequences of Abandoning the Quarterly Reporting Mandate in the Prime Market Segment","authors":"T. Bornemann, Anna-Lena Moosmann, Zoltán Novotny-Farkas","doi":"10.1080/09638180.2023.2239298","DOIUrl":"https://doi.org/10.1080/09638180.2023.2239298","url":null,"abstract":"","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":"2000 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2023-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82808921","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":"Clawback Adoptions and Management Earnings Forecasts","authors":"S. Fung, K. Raman, Lili Sun, Li Xu","doi":"10.1080/09638180.2023.2237071","DOIUrl":"https://doi.org/10.1080/09638180.2023.2237071","url":null,"abstract":"","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":"28 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2023-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85487195","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":"Business Group Analysts","authors":"Yi Dong, Chenkai Ni, Fei Qiao, Chunqiu Zhang","doi":"10.1080/09638180.2023.2238787","DOIUrl":"https://doi.org/10.1080/09638180.2023.2238787","url":null,"abstract":"AbstractWe exploit the rich data of business groups in China and identify sell-side analysts following multiple listed firms within a business group (BG analysts). For a group firm, we find that BG analysts issue more accurate forecasts than non-BG analysts. Such an effect is more pronounced when the focal firm shares stronger economic links with, and when its covering analysts have greater information demand for, its group peers. Further analyses suggest evidence of intragroup information flows. Around group peers’ annual earnings announcements, BG analysts are more likely than non-BG analysts to revise their forecasts for the focal firm along the same direction as group peers’ earnings surprises. Confined to analysts’ coverage initiations for a group firm, those who have covered the focal firm’s group peers prior to the coverage initiation show superior forecasting performance during the initiation year. By adopting the unique perspective of business groups, i.e., a prevalent organizational structure, our study shows that information commonalities within a business group shape analyst behaviour.Keywords: Business groupsSell-side analystsForecast accuracyInformation commonality AcknowledgementsWe thank Jeffrey Ng (Editor) and two anonymous reviewers for their valuable comments and suggestions in improving the paper. Additional materials are available in an online Supplement at the journal’s Taylor and Francis website. All errors are our own.Disclosure statementNo potential conflict of interest was reported by the author(s).Supplemental Research MaterialsSupplemental data for this article can be accessed on the Taylor & Francis website, doi:10.1080/09638180.2023.2238787.Online Appendix 1: Correlations among Empirical VariablesOnline Appendix 2: Non-linear EffectsOnline Appendix 3: Intragroup Economic Links and BG Analysts’ Forecast AccuracyOnline Appendix 4. BG Analysts’ Prior Experience in Covering The Business GroupOnline Appendix 5. Determinants of BG Analyst Choice and Main Effect RobustnessOnline Appendix 6. Spinoffs of Group Affiliations and BG Analysts’ Forecasting PerformanceOnline Appendix 7. Addressing Other Economic LinksOnline Appendix 8. The Importance of Group-affiliated Firms to BG Analysts’ PortfoliosOnline Appendix 9. BG Analysts’ Forecasts for Non-group FirmsNotes1 Our definition of business group is consistent with that of Larrain et al. (Citation2019) and Fang et al. (Citation2017). Larrain et al. (Citation2019) describe business groups as ‘sets of firms with a common controlling shareholder’ (p.3,036), and Fang et al. (Citation2017) view a business group as ‘a structure in which at least two legally independent firms are controlled by the same ultimate owner’ (p. 40).2 Business groups can also be formed by informal ties, which relate to linkages by relations of interpersonal trust, on the basis of similar personal, ethnic or commercial background (Granovetter, Citation2005). Considering informal ties will broaden the definiti","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135064944","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":"Compensation Shifting from Salary to Dividends","authors":"Jeppe Christoffersen, Thomas Plenborg, M. Seitz","doi":"10.1080/09638180.2023.2226724","DOIUrl":"https://doi.org/10.1080/09638180.2023.2226724","url":null,"abstract":"","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":"624 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2023-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78974285","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":"Does Board Independence Influence Annual Report Readability?","authors":"D. Rahman, M. Kabir","doi":"10.1080/09638180.2023.2223590","DOIUrl":"https://doi.org/10.1080/09638180.2023.2223590","url":null,"abstract":"","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":"18 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2023-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74783220","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":"Mobilizing Text As Data","authors":"Jihun Bae, Chung Yu Hung, Laurence van Lent","doi":"10.1080/09638180.2023.2218423","DOIUrl":"https://doi.org/10.1080/09638180.2023.2218423","url":null,"abstract":"Textual analysis methods have become increasingly popular and powerful tools for researchers in finance and accounting to extract meaningful information from unstructured text data. This paper surveys the recent applications of these methods in various domains, such as corporate disclosures, earnings calls, investor relations, and social media. It also discusses the advantages and challenges of different textual analysis methods, such as keyword lists, pattern-based sequence classification, word embedding, and other large language models. We provide guidance on how to choose appropriate methods, validate text-based measures, and report text-based evidence effectively. We conclude by suggesting some promising directions for future research using text as data.","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135363575","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":"Uniform Standards, Information Quality, and Capital Flows","authors":"Lin Nan, Chao Tang","doi":"10.1080/09638180.2023.2209132","DOIUrl":"https://doi.org/10.1080/09638180.2023.2209132","url":null,"abstract":"This paper examines the impact of uniform standards from economies' perspective in the presence of capital crunches. We show that converting to uniform standards has a positive marginal productivity effect to each economy by facilitating capital flows across economies and improving investment efficiency. However, converting to uniform standards also has an information quality effect that may bring a positive or a negative impact on an economy's expected output, depending on the severity of capital crunch and the information quality of the economies. In addition, there is a capital endowment effect, which positively affects an economy with a low capital endowment, but negatively affects an economy endowed with plentiful capital. Our analysis indicates that these effects jointly determine the overall impact of converting to uniform standards on an economy.","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135493080","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":"Linking Performance Measures and Feedback: Self-Regulation for Creativity","authors":"Ranjith Appuhami","doi":"10.1080/09638180.2023.2217858","DOIUrl":"https://doi.org/10.1080/09638180.2023.2217858","url":null,"abstract":"","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":"6 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2023-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77003329","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":"Media Co-Coverage and Overreaction in Cross-Industry Information Transfers","authors":"Jingjing Xia, Rengong Zhang","doi":"10.1080/09638180.2023.2218410","DOIUrl":"https://doi.org/10.1080/09638180.2023.2218410","url":null,"abstract":"This study examines whether media co-coverage – a phenomenon where multiple firms are simultaneously mentioned in the same news article as contextual information – induces excessive inter-industry information transfers between two firms due to the increased saliency of their relationship. Using firms from different product market industries that are co-covered in the same Wall Street Journal article, we find that, after co-coverage, the stock price of a co-covered focal firm reacts positively to the earnings surprise of another early-announcing co-covered peer, followed by a reversal on the focal firm’s subsequent earnings announcement day, while there is no reaction to the peer’s earnings news in the pre-co-coverage period. Further analysis suggests that the transfer and the reversal are stronger when the co-coverage information is more salient to investors, and are concentrated among firms with more active retail trading. These findings suggest that co-coverage in financial media, through the saliency effect, can lead to inefficient cross-industry information transfers.","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134928629","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":"Management Accounting and Strategy – A Review and Reflections on Future Research","authors":"S. Carmona, M. Ezzamel","doi":"10.1080/09638180.2023.2215821","DOIUrl":"https://doi.org/10.1080/09638180.2023.2215821","url":null,"abstract":"In this paper, we review extant research examining the relationship between management accounting and strategy. This relationship is not unidirectional as developments in strategic processes can also have strong ramifications for accounting systems, leading to their refinement and possible innovations. In addition to previous, valuable overviews focusing on the rational approach to examining the relationship between management accounting and strategy (e.g. Chenhall, 2003; Langfield-Smith, 1997, 2008), this paper also addresses interpretive and the poststructuralist studies. Although the three approaches have little cross-reference to each other, they collectively offer a rich tapestry of the relationship between accounting and strategy. Our review of the contributions made by these three streams of research suggest that, instead of treating those theoretical approaches as competitors, they should be considered complementary to each other. Such complementary perspective, we suggest, can provide many perceptive insights into ongoing research in this area. The paper concludes with some reflections on future research.","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":"16 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2023-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85511333","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}