European Accounting Review最新文献_第9页

Do Auditors Respond to Clients’ Climate Change-related External Risks? Evidence from Audit Fees 审计师是否应对客户的气候变化相关外部风险?来自审计费用的证据

IF 3.3 3区管理学

European Accounting Review Pub Date : 2022-11-15 DOI: 10.1080/09638180.2022.2141811

Sven Hartlieb, B. Eierle

引用次数: 3

Family Ownership and Impression Management: An Integrated Approach 家族所有权与印象管理:一种综合方法

IF 3.3 3区管理学

European Accounting Review Pub Date : 2022-11-14 DOI: 10.1080/09638180.2022.2141287

Saverio Bozzolan, Claudia Imperatore, Marco Mattei

{"title":"Family Ownership and Impression Management: An Integrated Approach","authors":"Saverio Bozzolan, Claudia Imperatore, Marco Mattei","doi":"10.1080/09638180.2022.2141287","DOIUrl":"https://doi.org/10.1080/09638180.2022.2141287","url":null,"abstract":"ABSTRACTAccording to agency theory, impression management is lower in family-owned firms because of reduced agency I conflicts. However, when family owners are present, agency I conflicts are superseded by agency II conflicts between controlling and minority shareholders, leading to a positive association between impression management and family ownership. Moreover, family owners have distinct goals related to the preservation of socioemotional wealth (SEW) that may influence agency conflicts. We formalize these countervailing forces by developing an integrated theoretical framework that considers both agency I and agency II conflicts and how they interact with SEW-related motives. We hypothesize that the coexistence of agency I and agency II conflicts in family-owned firms leads to a U-shaped association between family ownership and impression management. We also expect that this U-shaped association is flatter when family influence on the board is stronger and SEW motives shape more corporate choices. We test our predictions by analyzing the letters to shareholders of 77 Italian-listed firms from 2008 to 2015. The results confirm our expectations and hold when we use instrumental variable estimation, alternative proxies to capture SEW motives, and impression management measures.","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":"15 2","pages":""},"PeriodicalIF":3.3,"publicationDate":"2022-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138503165","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}

引用次数: 0

Accruals Quality, Shocks to Macro-uncertainty, and Investor Response to Earnings News 应计质量，对宏观不确定性的冲击，以及投资者对收益新闻的反应

IF 3.3 3区管理学

European Accounting Review Pub Date : 2022-11-14 DOI: 10.1080/09638180.2022.2141288

Carlo D’Augusta, A. Prencipe

引用次数: 0

The Effect of Geographic Diversity on Managerial Earnings Forecasts 地域多样性对管理层盈余预测的影响

IF 3.3 3区管理学

European Accounting Review Pub Date : 2022-11-04 DOI: 10.1080/09638180.2022.2139738

B. Godigbe, Jared N. Jennings, Hojun Seo, Lloyd Tanlu

引用次数: 0

Product Recalls and Audit Production 产品召回和审核生产

IF 3.3 3区管理学

European Accounting Review Pub Date : 2022-10-20 DOI: 10.1080/09638180.2022.2130953

Kevin H. Kim, Jonathan Nash, Jongha Park

引用次数: 0

Does Disaster Risk Relate to Banks’ Loan Loss Provisions? 灾害风险与银行贷款损失拨备有关吗?

IF 3.3 3区管理学

European Accounting Review Pub Date : 2022-10-14 DOI: 10.1080/09638180.2022.2120513

Lorenzo Dal Maso, K. Kanagaretnam, Gerald J. Lobo, Francesco Mazzi

引用次数: 4

Optimal Revision Rules of Cost-Based Transfer Prices in a Multi-Period Production Setting 多周期生产环境下基于成本的转移价格最优修正规则

IF 3.3 3区管理学

European Accounting Review Pub Date : 2022-09-28 DOI: 10.1080/09638180.2022.2125420

M. Brunner, Peter Schäfer

引用次数: 0

When Investors Can Talk to Firms, Is It a Meaningful Conversation? Evidence from Investor Postings on Interactive Platforms 当投资者可以与公司对话时，这是一次有意义的对话吗?来自投资者在互动平台上发帖的证据

IF 3.3 3区管理学

European Accounting Review Pub Date : 2022-09-28 DOI: 10.1080/09638180.2022.2118147

Shijun Guo, Xin Yu, Robert Faff

引用次数: 4

Cost Stickiness and Stock Price Delay 成本粘性与股价延迟

IF 3.3 3区管理学

European Accounting Review Pub Date : 2022-09-28 DOI: 10.1080/09638180.2022.2121739

Nishant Agarwal

{"title":"Cost Stickiness and Stock Price Delay","authors":"Nishant Agarwal","doi":"10.1080/09638180.2022.2121739","DOIUrl":"https://doi.org/10.1080/09638180.2022.2121739","url":null,"abstract":"ABSTRACTThis study examines the effect of cost stickiness on stock price delay. Using a sample of U.S. firms in the period of 1984–2019, I find that the stickiness of Selling, General, and Administrative (SG&A) costs is positively associated with stock price delay. This finding is consistent with the notion that cost stickiness reduces the quality of information available to investors and causes stock price delay (the direct channel). Using a mediation test, I document that cost stickiness reduces the analyst following of the firm, thus increasing stock price delay (the indirect channel). Cross-sectional analyses reveal that the effect of cost stickiness on stock price delay is prominent in firms characterized ex-ante by a relatively poor information environment. Meanwhile, the effect is weak for firms with managers who use less uncertain and more positive words in Management Discussion and Analysis (MD&A) disclosures within 10-K filings. This study contributes to the growing literature on cost behavior by documenting the adverse consequences of managers’ cost decisions on the capital market and the role of the information environment in mitigating these negative implications.","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":"15 9","pages":""},"PeriodicalIF":3.3,"publicationDate":"2022-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138503164","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}

引用次数: 0

When do Governments ‘Go Dark'? Evidence on Governments’ Disclosure Choices in Periods of Uncertainty 政府什么时候“黑暗”?不确定时期政府信息披露选择的实证研究

IF 3.3 3区管理学

European Accounting Review Pub Date : 2022-09-14 DOI: 10.1080/09638180.2022.2118146

C. Columbano, Marco Trombetta

{"title":"When do Governments ‘Go Dark'? Evidence on Governments’ Disclosure Choices in Periods of Uncertainty","authors":"C. Columbano, Marco Trombetta","doi":"10.1080/09638180.2022.2118146","DOIUrl":"https://doi.org/10.1080/09638180.2022.2118146","url":null,"abstract":"ABSTRACT We examine the effect of uncertainty shocks on the level of fiscal guidance – the guidance issued by governments on the expected evolution of the fiscal and economic outlook. Because uncertainty makes governments’ expectations less precise but potentially more valuable to users, we hypothesize that a disclosure dilemma leads governments to balance a higher demand for guidance with a higher probability of issuing inaccurate forecasts. Using natural disasters to randomize uncertainty shocks in our sample, we find that on average, governments issue less guidance in periods of uncertainty. The effect is driven by a reduction in the number of forecasts on the future evolution of balance sheet items, but only when governments have low refinancing needs and face a relatively quiet bond market. Instead, governments that maintain a stable level of guidance in periods of uncertainty appear to cater to coercive isomorphic pressures stemming from creditors. We further document that the relative ‘transparency’ of governments in periods of uncertainty is negatively related to indicators of fiscal reporting quality. Collectively, the evidence indicates that in the public sector, uncertainty leads to a trade-off between disclosure quantity and quality.","PeriodicalId":11764,"journal":{"name":"European Accounting Review","volume":"39 1","pages":"1119 - 1148"},"PeriodicalIF":3.3,"publicationDate":"2022-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88420753","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}

引用次数: 0