Journal of Corporate Accounting and Finance最新文献_第4页

XBRL reporting in firms with data breach incidents 发生数据泄露事件的公司的 XBRL 报告

IF 0.9

Journal of Corporate Accounting and Finance Pub Date : 2024-02-14 DOI: 10.1002/jcaf.22701

Wanying Jiang, Chunhao Xu, Roy Wayne Counts

引用次数: 0

The impact Dodd Frank's Act on audit firm tenure 多德-弗兰克法案对审计公司任期的影响

IF 0.9

Journal of Corporate Accounting and Finance Pub Date : 2024-02-12 DOI: 10.1002/jcaf.22697

Henri Akono

引用次数: 0

How activist investors value target firms: Evidence from hedge fund presentations 激进投资者如何评估目标公司：对冲基金报告的证据

IF 1.4

Journal of Corporate Accounting and Finance Pub Date : 2024-02-09 DOI: 10.1002/jcaf.22689

Maximilian Pfirrmann, Korbinian Eichner

引用次数: 0

Has R&D investment become riskier for CEOs after the Sarbanes Oxley Act? 萨班斯-奥克斯利法案》颁布后，首席执行官的研发投资风险是否增加了？

IF 0.9

Journal of Corporate Accounting and Finance Pub Date : 2024-02-06 DOI: 10.1002/jcaf.22698

SeungWon Lee

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Incremental value relevancies in the development of reporting of sustainability performance 制定可持续发展绩效报告的增量价值相关性

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Journal of Corporate Accounting and Finance Pub Date : 2024-02-03 DOI: 10.1002/jcaf.22694

Augustine Donkor, Terri Trireksani, Hadrian Geri Djajadikerta

{"title":"Incremental value relevancies in the development of reporting of sustainability performance","authors":"Augustine Donkor, Terri Trireksani, Hadrian Geri Djajadikerta","doi":"10.1002/jcaf.22694","DOIUrl":"10.1002/jcaf.22694","url":null,"abstract":"Sustainability reporting was introduced after financial reporting to meet the social and environmental informational needs of stakeholders, while integrated reporting was initiated to integrate financial reporting and sustainability reporting to advance the decision usefulness of corporate disclosure practices. Despite claims and evidence of the value relevance of each reporting framework exclusively, studies on the incremental value relevancies of these subsequent disclosure practices have been sparse. Using a sample of firms from the Johannesburg Stock Exchange from 2011 to 2020 and firms’ capital market liquidity performance, this study finds that sustainability reporting and integrated reporting are not only value-relevant disclosure practices but also offer incremental value relevancies. Sustainability reporting provides incremental value relevance over financial reporting, and integrated reporting offers incremental value relevance over financial reporting and sustainability reporting. However, the findings do not find support for integrated reporting to replace the practices of financial reporting and sustainability reporting and affirm the contribution of each of the three reports in the corporate reporting space.","PeriodicalId":44561,"journal":{"name":"Journal of Corporate Accounting and Finance","volume":null,"pages":null},"PeriodicalIF":0.9,"publicationDate":"2024-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/jcaf.22694","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139868713","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Unmasking market turmoil by decoding stock market dynamics post-fraud allegations: Evidence from Adani-Hindenburg case 通过解码欺诈指控后的股市动态揭开市场动荡的面纱：阿达尼-欣登堡案的证据

IF 0.9

Journal of Corporate Accounting and Finance Pub Date : 2024-02-01 DOI: 10.1002/jcaf.22696

Nishant Sapra, Shubham Kakran, Arpit Sidhu, Ashish Kumar

{"title":"Unmasking market turmoil by decoding stock market dynamics post-fraud allegations: Evidence from Adani-Hindenburg case","authors":"Nishant Sapra, Shubham Kakran, Arpit Sidhu, Ashish Kumar","doi":"10.1002/jcaf.22696","DOIUrl":"10.1002/jcaf.22696","url":null,"abstract":"The article investigates how the devastating repercussions of fraud allegations, as outlined in the Hindenburg report, are actively and critically affecting the stock prices of the Adani Group. This investigation, which explores the foundation of the accused companies' financial health and market trust, is crucial. These ramifications go far beyond Adani Group and are highly relevant to potential investors globally, highlighting the urgent need for a thorough comprehension of these dynamics in the context of the global market environment. The journey from stock market crash to market correction is analyzed using the theoretical lens of Risk Aversion theory. At the same time, the Efficient Market Hypothesis (EMH) assumptions are being tested. The study employs a long-term event study approach to analyze the stock price impact of the Hindenburg report using the Cumulative Abnormal Returns (CAR) methodology. For analysis, a sample of six Adani group companies and relevant stakeholders like creditors, LIC, immediate counterparts of each company, and NIFTY bank indices are considered. The study finds that the stock prices of four out of six Adani Group companies declined significantly after the Hindenburg report, defying the assumptions of the EMH. Risk-seeking investors' regulatory assurance and investment may have helped in a market correction. The associated banks (lenders to Adani) and Banking indices depicted a price decline on the second and third days, which reversed on the fourth day, indicating a diminished spillover effect. Moreover, no competitor besides Tata Power saw abnormally large gains. This study analyses the event from the lens of Risk aversion and tests the assumption of EMH. The study concludes that these findings have practical implications for investors (risk-averse and risk-seeking), policymakers, and researchers.","PeriodicalId":44561,"journal":{"name":"Journal of Corporate Accounting and Finance","volume":null,"pages":null},"PeriodicalIF":0.9,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139822267","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

CEO turnover after product-harm crises 产品危害危机后的首席执行官更替

IF 0.9

Journal of Corporate Accounting and Finance Pub Date : 2024-02-01 DOI: 10.1002/jcaf.22693

Daniel Gyung Paik, Bo Meng, Brandon Byunghwan Lee, Nhat Q. Nguyen

引用次数: 0

The importance of cybersecurity disclosures in customer relationships 在客户关系中披露网络安全信息的重要性

IF 0.9

Journal of Corporate Accounting and Finance Pub Date : 2024-02-01 DOI: 10.1002/jcaf.22695

Aaron Nelson, Shensi Wang

引用次数: 0

CEO characteristics and bank stability: Evidence from an emerging economy 首席执行官特征与银行稳定性：新兴经济体的证据

IF 1.4

Journal of Corporate Accounting and Finance Pub Date : 2024-01-29 DOI: 10.1002/jcaf.22690

Nam Pham Hai, Chi Le Ha Diem

引用次数: 0

“Et tu, Bruté?”: Do audit committees besmirch investors’ desire for increased disclosures? "Et tu, Bruté？审计委员会是否玷污了投资者希望增加信息披露的愿望？

IF 1.4

Journal of Corporate Accounting and Finance Pub Date : 2024-01-25 DOI: 10.1002/jcaf.22692

Amanda Grossman, Najib Sahyoun, Ian Twardus

{"title":"“Et tu, Bruté?”: Do audit committees besmirch investors’ desire for increased disclosures?","authors":"Amanda Grossman, Najib Sahyoun, Ian Twardus","doi":"10.1002/jcaf.22692","DOIUrl":"10.1002/jcaf.22692","url":null,"abstract":"This paper presents the results of a content analysis of the comment letters submitted in response to the SEC concept release on the enhancements of audit committee disclosures. The comment letters were drafted by investors and a cross-section of various governance actors or practitioners, such as audit committees, management, legal advisers, and auditors. Hence, the letters provide insights as to how these different groups interpret the proposed revisions and try to adapt them according to their needs and context. The comment letters are analyzed through the framework of the behavioral theory of boards and corporate governance, which arguably better explains the analysis results over the traditional agency theory framework. The theory examines governance actors’ interactions and behavioral processes and asserts that the corporation is a nexus of stakeholders’ coalitions, who render decisions primarily through engaging in political bargaining rather than through evaluating investor needs. Results show that, while investors are urging enhanced disclosures, audit committee respondents are against the suggested improvements. These results are consistent with the behavioral theory of boards and corporate governance but inconsistent with an agency theory perspective.","PeriodicalId":44561,"journal":{"name":"Journal of Corporate Accounting and Finance","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2024-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139598126","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