The Accounting Review最新文献_第2页

Stay In Your Own Lane: Navigating the Challenges of Upward Knowledge Sharing in Hierarchical Audit Teams 留在自己的道路上：在分层审计团队中引导向上知识共享的挑战

The Accounting Review Pub Date : 2026-09-01 DOI: 10.2308/tar-2024-0518

Tina D. Carpenter,Margaret H. Christ,Miranda T. Hugie

{"title":"Stay In Your Own Lane: Navigating the Challenges of Upward Knowledge Sharing in Hierarchical Audit Teams","authors":"Tina D. Carpenter,Margaret H. Christ,Miranda T. Hugie","doi":"10.2308/tar-2024-0518","DOIUrl":"https://doi.org/10.2308/tar-2024-0518","url":null,"abstract":"ABSTRACT Digitalization is transforming the audit profession. Apprenticeship norms prescribe that knowledge flows down from supervisors to subordinates, but digitalization increasingly positions junior auditors as experts in emerging technology. Consequently, supervisors can learn from subordinates. This reversal challenges long-standing apprenticeship expectations, yet little is known about how it unfolds or the tensions it creates. Against this backdrop, we examine tensions that can arise when subordinate auditors share their knowledge with supervisors. Drawing on 51 semistructured interviews and guided by theory, we identify four recurring roadblocks to upward knowledge sharing: junior auditors' status motives, “same as last year” routines, status insecurity among immediate supervisors, and defensiveness when juniors cross perceived knowledge “lanes.” We also find a rare, countervailing pathway: the emergence of informal champions who legitimize junior auditors' contributions. Our study deepens understanding of how digitalization transforms team learning in audits and shows how historical structures and norms evolve under new conditions. Data Availability: Data were obtained from interviews. JEL Classifications: M41; M42; M51.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"73 1","pages":"1-25"},"PeriodicalIF":0.0,"publicationDate":"2026-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148934262","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Nonproduction of an Accounting Standard: Climate Change, Emissions Trading, and Legitimacy Shielding 会计准则的非生产性：气候变化、排放交易和合法性屏蔽

The Accounting Review Pub Date : 2026-09-01 DOI: 10.2308/tar-2025-0166

Jonathan Tweedie,Marian Konstantin Gatzweiler,Matteo Ronzani,Max Baker

引用次数: 0

Academic Freedom as Social Freedom: A Normative Reconstruction and Critique of the Accounting Discipline 学术自由即社会自由：会计学科的规范重构与批判

The Accounting Review Pub Date : 2026-09-01 DOI: 10.2308/tar-2025-0350

Thomas Ahrens,Jan A. Pfister

{"title":"Academic Freedom as Social Freedom: A Normative Reconstruction and Critique of the Accounting Discipline","authors":"Thomas Ahrens,Jan A. Pfister","doi":"10.2308/tar-2025-0350","DOIUrl":"https://doi.org/10.2308/tar-2025-0350","url":null,"abstract":"ABSTRACT Academic freedom is often equated with protection from political and economic interference. Authoritative definitions are broader. They combine protection from external interference, peer-based evaluation, and institutional arrangements for scholarly self-governance. Drawing on Honneth’s (2014) theory of democratic institutions, this paper develops the second and third elements and integrates all three within a recognition-theoretical framework that reconceptualizes academic freedom as social freedom. Using accounting as a case, we reconstruct two transformations that shape the discipline today: the theory revolution of the 1960s, which consolidated peer-based epistemic recognition, and the journal ranking revolution of the 1990s, which reorganized recognition around performance metrics and publication hierarchies. We show that academic freedom can be hollowed out from within without being formally revoked and argue that a discipline weakened from within is less able to resist external threats. Defending academic freedom requires attention to architectures of recognition through which scholarly worth and truth are organized. JEL Classifications: M41.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"295 1","pages":"1-25"},"PeriodicalIF":0.0,"publicationDate":"2026-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148899227","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Regulating Financial Advice: Evidence from the Municipal Bond Market 监管金融建议：来自市政债券市场的证据

The Accounting Review Pub Date : 2026-09-01 DOI: 10.2308/tar-2024-0006

Jacquelyn Gillette,Gabriel Pündrich,Ari Yezegel

{"title":"Regulating Financial Advice: Evidence from the Municipal Bond Market","authors":"Jacquelyn Gillette,Gabriel Pündrich,Ari Yezegel","doi":"10.2308/tar-2024-0006","DOIUrl":"https://doi.org/10.2308/tar-2024-0006","url":null,"abstract":"ABSTRACT We examine how the 2016 Municipal Advisor Regulatory Reform, which professionalized municipal advisors by imposing standards of conduct and minimum competency requirements, affected advisory firms and issuers. Using a difference-in-differences (DiD) research design, we find that the reform improved the quality of financial advice provided by independent municipal advisory firms relative to dealer firms. Specifically, independent municipal advisors assemble higher-quality financing teams and ensure greater financial disclosure compliance and timeliness in the post-reform period. These improvements provide tangible economic benefits to issuers through lower bond issuance costs and smaller underwriter fees. Finally, we document that independent advisory firms gain market share and charge higher fees relative to dealer firms after the reform. Overall, our study provides novel evidence linking the professionalization of financial intermediaries to improvements in the quality of advice, financial transparency, and issuer borrowing costs. Data Availability: Data are available from the commercial and public sources identified in the paper. JEL Classifications: G10; G18; G24; G28; M40; M48.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"11 1","pages":"1-31"},"PeriodicalIF":0.0,"publicationDate":"2026-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148934265","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Issuance and Design of Sustainability-Linked Loans 可持续发展贷款的发行与设计

The Accounting Review Pub Date : 2026-09-01 DOI: 10.2308/tar-2024-0791

Aleksander A. Aleszczyk,Maria Loumioti,George Serafeim

{"title":"The Issuance and Design of Sustainability-Linked Loans","authors":"Aleksander A. Aleszczyk,Maria Loumioti,George Serafeim","doi":"10.2308/tar-2024-0791","DOIUrl":"https://doi.org/10.2308/tar-2024-0791","url":null,"abstract":"ABSTRACT We explore the contract design of sustainability-linked loans (SLLs), a rapidly growing form of ESG-labeled debt that ties loan pricing to firms’ sustainability performance. Using a global SLL sample issued between 2017 and 2023, we examine whether SLLs are structured to discipline borrowers with weak ESG performance through stringent sustainability-linked provisions. We find no association between borrower ESG performance and the rigor of SLL provisions, suggesting that SLLs are generally not designed as incentive contracts. Instead, SLL contract design aligns more closely with ESG branding and credit-product-expansion motives: borrowers leverage SLLs to enhance legitimacy and visibility and to attract additional capital, whereas lenders can convey their ESG commitment, cater to investor demand for ESG-labeled debt, and expand their credit product offering. Overall, our evidence suggests that SLLs function primarily as symbolic labels rather than credible mechanisms for driving meaningful improvements in firms’ sustainability outcomes. Data Availability: Data are available from the sources cited in the text. JEL Classifications: M14; M41; G21; G32; Q56.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"177 1","pages":"1-32"},"PeriodicalIF":0.0,"publicationDate":"2026-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149092840","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

What Do Inventories Tell about the Future Economy? 存货如何反映未来经济？

The Accounting Review Pub Date : 2026-09-01 DOI: 10.2308/tar-2024-0189

Yuanzhen Lyu

引用次数: 0

Subjective Performance Evaluation in the Presence of a Third Party 第三方在场情况下的主观绩效评估

The Accounting Review Pub Date : 2026-09-01 DOI: 10.2308/tar-2024-0091

Jan Bouwens,Christian Hofmann,Peter Kroos,Christopher Lechner

引用次数: 0

Exchange-Traded Fund Flows and Valuation 上市交易基金流量与估值

The Accounting Review Pub Date : 2026-09-01 DOI: 10.2308/tar-2023-0303

Yuan Zou

引用次数: 0

The Effect of the Current Expected Credit Loss Model on Conditional Conservatism of Banks and Its Spillover Effect on Borrower Conservatism 现行预期信用损失模型对银行条件保守主义的影响及其对借款人保守主义的溢出效应

The Accounting Review Pub Date : 2024-07-29 DOI: 10.2308/tar-2022-0279

Xinrong Qiang, Jing Wang

{"title":"The Effect of the Current Expected Credit Loss Model on Conditional Conservatism of Banks and Its Spillover Effect on Borrower Conservatism","authors":"Xinrong Qiang, Jing Wang","doi":"10.2308/tar-2022-0279","DOIUrl":"https://doi.org/10.2308/tar-2022-0279","url":null,"abstract":"ABSTRACT Under the Current Expected Credit Loss (CECL) model, banks should fully recognize expected lifetime credit losses upon loan origination while gradually recognizing interest revenues. This timelier recognition of losses versus gains (i.e., conditional conservatism) makes banks more capital constrained. To mitigate this, banks may (1) offset timelier credit losses by lowering conservatism in other earnings components and (2) reduce credit losses by demanding greater borrower conservatism. We find that, under CECL, banks increase conservatism in loan losses but decrease conservatism in other earnings components, making overall conservatism only marginally increase. In sharp contrast, their borrowers increase conservatism by 40 percent, and borrowers’ increase is twice that of banks. This substantial spillover effect suggests that, by greatly increasing borrowers’ conservatism, CECL may strengthen debt governance of a broad scope of firms in the economy, thereby having economy-wide consequences beyond the banking industry and potentially enhancing the stability of the entire economy. Data Availability: Data are publicly available from the sources identified in the study. JEL Classifications: G21; M41; M48.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"25 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141794529","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Switching Costs and Market Power in Auditing: Evidence from a Structural Approach 审计中的转换成本和市场力量：来自结构方法的证据

The Accounting Review Pub Date : 2024-07-25 DOI: 10.2308/tar-2022-0416

Qiang Guo, Christopher Koch, Aiyong Zhu

引用次数: 0