发布求助
文献互助 智能选刊 最新文献

Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad最新文献

筛选
英文 中文
Signalling through accountability reporting for family firms: Does the institutional environment matter? 通过家族企业的问责报告发出信号:制度环境重要吗?
Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2023-03-27 DOI: 10.1080/02102412.2023.2193781
Abdullah Alsaadi
{"title":"Signalling through accountability reporting for family firms: Does the institutional environment matter?","authors":"Abdullah Alsaadi","doi":"10.1080/02102412.2023.2193781","DOIUrl":"https://doi.org/10.1080/02102412.2023.2193781","url":null,"abstract":"","PeriodicalId":244340,"journal":{"name":"Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad","volume":"76 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125769927","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
Impact of public guarantees on optimal debt levels following the COVID-19 pandemic: efficiency in their allocation COVID-19大流行后公共担保对最优债务水平的影响:分配效率
Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2023-02-17 DOI: 10.1080/02102412.2023.2177460
J. Baixauli-Soler, Gabriel Lozano-Reina, Susana Álvarez‐Díez, Diego Rodríguez-Linares Rey
{"title":"Impact of public guarantees on optimal debt levels following the COVID-19 pandemic: efficiency in their allocation","authors":"J. Baixauli-Soler, Gabriel Lozano-Reina, Susana Álvarez‐Díez, Diego Rodríguez-Linares Rey","doi":"10.1080/02102412.2023.2177460","DOIUrl":"https://doi.org/10.1080/02102412.2023.2177460","url":null,"abstract":"","PeriodicalId":244340,"journal":{"name":"Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114421515","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: 1
Controlling shareholder share pledging and tunneling: Evidence from an emerging market 控股股东股权质押与挖隧道:来自新兴市场的证据
Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2023-01-11 DOI: 10.1080/02102412.2022.2157168
Wei Liu, Xia Yang
{"title":"Controlling shareholder share pledging and tunneling: Evidence from an emerging market","authors":"Wei Liu, Xia Yang","doi":"10.1080/02102412.2022.2157168","DOIUrl":"https://doi.org/10.1080/02102412.2022.2157168","url":null,"abstract":"","PeriodicalId":244340,"journal":{"name":"Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115681857","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
An empirical test of auction methods in the primary market of sovereign debt 主权债务一级市场拍卖方法的实证检验
Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2022-12-22 DOI: 10.1080/02102412.2022.2154533
Matías Jiménez, A. Mochón
{"title":"An empirical test of auction methods in the primary market of sovereign debt","authors":"Matías Jiménez, A. Mochón","doi":"10.1080/02102412.2022.2154533","DOIUrl":"https://doi.org/10.1080/02102412.2022.2154533","url":null,"abstract":"ABSTRACT There has been a long debate as to which of the most extended systems, the uniform system or the discriminatory price system, is the most appropriate for central banks and debt management offices issuing sovereign bonds. The purpose of this paper is to shed light on this question. The main variables to explore the auction mechanisms are the price difference between the primary and secondary markets (price spread) and the coverage ratio. Subsequently, to determine patterns for clarifying which auction system is optimal, we propose a new model based on the price spread and a valuation model for financial options that covers both negative and positive spreads. We conclude that the auction method and the number of primary dealers are relevant parameters in the auction outcome. Finally, the results of the new model are the cornerstone for identifying detailed patterns followed by top-performing countries.","PeriodicalId":244340,"journal":{"name":"Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126192110","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
Audit committee financial expertise, audit committee independence, and regulatory oversight on external auditors 审计委员会的财务专业知识、审计委员会的独立性以及对外部审计师的监管监督
Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2022-12-12 DOI: 10.1080/02102412.2022.2153307
M. J. Saei, R. Hesarzadeh, Naser Makarem, Saher Aqel
{"title":"Audit committee financial expertise, audit committee independence, and regulatory oversight on external auditors","authors":"M. J. Saei, R. Hesarzadeh, Naser Makarem, Saher Aqel","doi":"10.1080/02102412.2022.2153307","DOIUrl":"https://doi.org/10.1080/02102412.2022.2153307","url":null,"abstract":"ABSTRACT We empirically investigate how regulatory oversight on external auditors is jointly influenced by audit committee financial expertise and independence. To measure regulatory oversight on external auditors, we use comment letters issued by the Securities and Exchange Organization of Iran. We show that audit committee financial expertise increases (decreases) regulatory oversight on external auditors when audit committee independence is low (high). We further show that this interactive effect is stronger under higher regulatory reviewers’ workload compression. Collectively, our findings suggest that, first, financial expertise and independence of audit committees should be analysed together as independence moderates the benefit of financial expertise. Second, the consideration of regulatory reviewers’ workload compression is important in this analysis.","PeriodicalId":244340,"journal":{"name":"Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116785956","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
Public administration accountability on the social pillar of sustainable procurement: a documentary analysis 关于可持续采购社会支柱的公共行政问责:文献分析
Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2022-11-23 DOI: 10.1080/02102412.2022.2145008
R. Fernández-Pérez, Mercedes Luque-Vílchez
{"title":"Public administration accountability on the social pillar of sustainable procurement: a documentary analysis","authors":"R. Fernández-Pérez, Mercedes Luque-Vílchez","doi":"10.1080/02102412.2022.2145008","DOIUrl":"https://doi.org/10.1080/02102412.2022.2145008","url":null,"abstract":"","PeriodicalId":244340,"journal":{"name":"Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125904589","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
Dynamic analysis of calendar anomalies in cryptocurrency markets: evidences of adaptive market hypothesis 加密货币市场日历异常的动态分析:适应性市场假说的证据
Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2022-10-19 DOI: 10.1080/02102412.2022.2131239
Carmen López-Martín
{"title":"Dynamic analysis of calendar anomalies in cryptocurrency markets: evidences of adaptive market hypothesis","authors":"Carmen López-Martín","doi":"10.1080/02102412.2022.2131239","DOIUrl":"https://doi.org/10.1080/02102412.2022.2131239","url":null,"abstract":"ABSTRACT This paper analyses the effects known as the day of the week and the month of the year in the cryptocurrency markets. The closing values of eleven cryptocurrencies have been considered. The study employs dummy variable regression techniques, ANOVA and Friedman tests for assessing two calendar anomalies, the day-of-week and month-of-year effects. To test these calendar effects, we have applied both full sample and rolling-regression techniques for two lengths of the rolling sample intervals. Furthermore, we have examined the existence of long memory in day-of-the- week and month-of-the-year cryptocurrency returns. The results provide evidence about the existence of day-of-the-week and month-of-the-year effects in cryptocurrency returns, in particular, on Thursdays and in November. In addition, it should be added that the general results of the current study show that the calendar effect in the cryptocurrency market is dynamic rather than static, which indicates that the calendar effect is a phenomenon that varies over time.","PeriodicalId":244340,"journal":{"name":"Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124106209","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: 1
Auditing private firms in a civil law context: an exploratory analysis of the impact on form and substance quality 私企审计在民法背景下:对形式和实质质量影响的探索性分析
Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2022-09-08 DOI: 10.1080/02102412.2022.2109839
Maarten Corten, N. Lybaert, Tensie Steijvers
{"title":"Auditing private firms in a civil law context: an exploratory analysis of the impact on form and substance quality","authors":"Maarten Corten, N. Lybaert, Tensie Steijvers","doi":"10.1080/02102412.2022.2109839","DOIUrl":"https://doi.org/10.1080/02102412.2022.2109839","url":null,"abstract":"ABSTRACT This study examines to what extent auditors increase financial reporting quality in a civil law private firm context. Although such context provides little incentives to focus on financial reporting quality, the signalling role remains important. Therefore, we argue that auditors will also increase the quality of the financial statements in this context but will primarily focus on the form quality of the statements (i.e., the extent to which the required disclosures are made) while the substance quality (i.e., the extent to which the financial statements faithfully represent the economic reality) might become a smaller concern. A new measure for form quality is developed, and two matched samples of 278 and 316 Belgian private firms respectively are used to test our hypotheses. Our results confirm that having an auditor significantly increases the form quality of the financial statements while the effect on substance quality is more ambiguous.","PeriodicalId":244340,"journal":{"name":"Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123599218","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
Audit committee characteristics and firms’ investment efficiency: the moderating effect of audit committee mandatory requirements 审计委员会特征与企业投资效率:审计委员会强制性要求的调节作用
Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2022-09-08 DOI: 10.1080/02102412.2022.2103777
Bumjin Park
{"title":"Audit committee characteristics and firms’ investment efficiency: the moderating effect of audit committee mandatory requirements","authors":"Bumjin Park","doi":"10.1080/02102412.2022.2103777","DOIUrl":"https://doi.org/10.1080/02102412.2022.2103777","url":null,"abstract":"ABSTRACT This study examines how the relationship between audit committee characteristics and firms’ investment efficiency is affected by mandatory requirements for audit committees. Audit committee activity has a positive relationship with investment efficiency. The results suggest that the independence and expertise of audit committees cannot increase investment efficiency if the audit committees are less active. This positive relationship is more pronounced for firms with mandatory audit committees. Moreover, this relationship is strengthened when external governance attracts shareholders’ attention to corporate issues. The results suggest that the positive relationship between audit committee activity and investment efficiency is enhanced when the firms are under external pressures on corporate governance. The findings provide significant implications for countries that still do not have mandatory requirements for audit committees.","PeriodicalId":244340,"journal":{"name":"Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114227989","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
Do price-earnings multiples for firms with patterns of increasing earnings vary with the quality of the earnings pattern? 具有盈利增长模式的公司的市盈率是否随盈利模式的质量而变化?
Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2022-08-29 DOI: 10.1080/02102412.2022.2108587
Su-Ping Liu, Juan M. García Lara
{"title":"Do price-earnings multiples for firms with patterns of increasing earnings vary with the quality of the earnings pattern?","authors":"Su-Ping Liu, Juan M. García Lara","doi":"10.1080/02102412.2022.2108587","DOIUrl":"https://doi.org/10.1080/02102412.2022.2108587","url":null,"abstract":"ABSTRACT Prior research finds that firms with patterns of consecutive earnings increases are rewarded by market participants with higher Price-Earnings (P/E) multiples, and that some firms manage earnings to sustain the earnings stream. We propose several fast and inexpensive heuristics to classify firms as suspect or non-suspect of maintaining the stream through earnings management and examine whether market rewards differ for suspect and non-suspect firms. We find higher P/E multiples for firms with a pattern of increasing earnings supported by the same pattern of increasing cash flows (non-suspect). This is an important result as it shows that cash flows can be used to assess the quality of earnings in scenarios prone to earnings management, where earnings quality is expected to be low. We also find lower price-earnings multiples for firms suspected of using accrual-based earnings management, sales manipulation, and overproduction to achieve the earnings pattern.","PeriodicalId":244340,"journal":{"name":"Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126773501","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
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：604180095
Book学术官方微信