Journal of Corporate Accounting and Finance最新文献_第9页

Impact of Basel III liquidity and capital regulations on bank lending and financial stability: Evidence from emerging countries 巴塞尔协议III流动性和资本监管对银行贷款和金融稳定的影响：来自新兴国家的证据

IF 1.4

Journal of Corporate Accounting and Finance Pub Date : 2023-03-30 DOI: 10.1002/jcaf.22630

Anil K. Sharma, Rosy Chauhan

引用次数: 0

Yield curve of Treasury Bills in Japan under different regimes of non-traditional monetary policy 非传统货币政策下日本国债收益率曲线

IF 1.4

Journal of Corporate Accounting and Finance Pub Date : 2023-03-22 DOI: 10.1002/jcaf.22628

Takayasu Ito

引用次数: 1

Managerial sentiment and predicted and opportunistic special items 管理情感与预测和机会主义特殊项目

IF 1.4

Journal of Corporate Accounting and Finance Pub Date : 2023-03-13 DOI: 10.1002/jcaf.22626

Alireza Askarzadeh, Kenneth Yung, Mohammad Najand

{"title":"Managerial sentiment and predicted and opportunistic special items","authors":"Alireza Askarzadeh, Kenneth Yung, Mohammad Najand","doi":"10.1002/jcaf.22626","DOIUrl":"https://doi.org/10.1002/jcaf.22626","url":null,"abstract":"Prior studies suggest that firm managers misclassify core expenses as special items to influence investors’ perception of firm performance. In this investigation, we find that managerial decisions regarding misclassification of expenses are affected by managerial sentiment. Managerial sentiment has a negative relation with special-item reporting because optimistic (pessimistic) managers pursue a misclassification that is lower (higher) than what is justified by the information available to the manager. By decomposing special items into predicted (PREDSI) and opportunistic (OPSI) components, we find that the effect of managerial sentiment is pronounced among opportunistic special items. Our results show that PREDSI (OPSI) has a non-negative (negative) relation with future firm performance, and special items associated with managerial sentiment adversely affect future firm performance. We also find results that suggest that financial constraints serve as a channel that reinforces the negative association between managerial sentiment and special items. Specifically, financial constraints impose a limit on how frequently sentiment-driven managers can misclassify core expenses because misclassifications obscure firm transparency and harm the credit supply. Our results remain consistent after a battery of robustness tests.","PeriodicalId":44561,"journal":{"name":"Journal of Corporate Accounting and Finance","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2023-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50140675","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

Does corporate social responsibility play a moderating role in trading silence prior to bad news earnings announcements? 企业社会责任是否在坏消息公布前的交易沉默中起到了调节作用？

IF 1.4

Journal of Corporate Accounting and Finance Pub Date : 2023-03-10 DOI: 10.1002/jcaf.22625

Atreya Chakraborty, Lucia Silva Gao, Sangwan Kim, Rongbing Liu

引用次数: 0

Inventory overproduction and managerial ability 库存过剩与管理能力

IF 1.4

Journal of Corporate Accounting and Finance Pub Date : 2023-03-09 DOI: 10.1002/jcaf.22624

Haihong He

引用次数: 0

The effect of accounting for high performing employee services as a right of use asset on the balance sheet on nonprofessional investors judgments 将高绩效员工服务作为资产负债表上的使用权资产核算对非专业投资者判断的影响

IF 1.4

Journal of Corporate Accounting and Finance Pub Date : 2023-03-05 DOI: 10.1002/jcaf.22623

Akwasi Ampofo, Reza Barkhi, Joseph Nketia

{"title":"The effect of accounting for high performing employee services as a right of use asset on the balance sheet on nonprofessional investors judgments","authors":"Akwasi Ampofo, Reza Barkhi, Joseph Nketia","doi":"10.1002/jcaf.22623","DOIUrl":"https://doi.org/10.1002/jcaf.22623","url":null,"abstract":"We examine whether accounting for high performing employee services as a right of use (ROU) asset and related liability on the balance sheet provide decision-useful financial statement information to nonprofessional investors (NPIs). We compare accounting for the right to use employees services as an asset on-balance-sheet (ONBS) and off-balance-sheet (OFFBS) to examine the extent to which a ROU asset and related liability provides NPIs with decision-useful information in assessing investment opportunity and likelihood to invest in a company's stock. We analyze one hundred and fifty-five usable responses of which 84 are in OFFBS control condition and 71 are in ONBS treatment condition. We find that accounting for high performing employees services as a ROU asset ONBS or OFFBS provides decision-useful information to NPIs that is not statistically different. Further analysis indicates that accounting for high performing employees as a ROU intangible asset presented ONBS, measured at fair value, or amortized cost with enhanced disaggregation and roll forward disclosures provide decision-useful information to NPIs. The likelihood to invest in a company's stock significantly increases if the ROU asset is measured at fair value with changes recorded in net income. Results have economic and practical implications for investors, standard-setters, and researchers.","PeriodicalId":44561,"journal":{"name":"Journal of Corporate Accounting and Finance","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2023-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50122054","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

Early evidence of the effect of ASU 2017-12 on derivative disclosure compliance ASU 2017-12对衍生品披露合规性影响的早期证据

IF 1.4

Journal of Corporate Accounting and Finance Pub Date : 2023-03-02 DOI: 10.1002/jcaf.22621

Joseph Troyer, Joseph Johnston, Madeline Trimble

{"title":"Early evidence of the effect of ASU 2017-12 on derivative disclosure compliance","authors":"Joseph Troyer, Joseph Johnston, Madeline Trimble","doi":"10.1002/jcaf.22621","DOIUrl":"https://doi.org/10.1002/jcaf.22621","url":null,"abstract":"The growth in the use of financial derivatives for a variety of purposes has caused increased complexity in derivative reporting standards. As such, financial statement users have asked the Financial Accounting Standards Board to update guidance to increase transparency while preparers seek clearer guidance on the application of standards and a broadened scope of hedge accounting. The most recent derivative accounting guidance update, ASU 2017-12 (Topic 815), broadens instruments that qualify for hedge accounting, expands allowable hedge accounting techniques, and reduces reporting requirements by omitting the reporting of hedge ineffectiveness. While these changes might simplify reporting requirements, there is the risk that the omitted disclosure would have been relevant to investors’ decision-making. In this paper, we examine how derivative disclosure practices changed following the implementation of ASU 2017-12. Using a hand-collected sample of twenty S&P 500 firms, we calculate a derivative disclosure compliance (DDC) score and find that, on average, DDC scores decreased following firm adoption of ASU 2017-12. This decline was realized for firms regardless of the notional amounts of derivative instruments held. However, the decline was not significant for early adopting firms suggesting a motivation for completeness by select firms. Our initial findings indicate that the update on derivative disclosures is not being uniformly applied potentially lessening its value to users. As a result, further updates may be necessary.","PeriodicalId":44561,"journal":{"name":"Journal of Corporate Accounting and Finance","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2023-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50121698","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

Comparison of the effects of earnings management on the financial cost between companies in developed and emerging European countries 欧洲发达国家和新兴国家盈余管理对公司财务成本影响的比较

IF 1.4

Journal of Corporate Accounting and Finance Pub Date : 2023-02-23 DOI: 10.1002/jcaf.22622

Mariano González-Sánchez, Ana I. Segovia San Juan, Eva M. Ibáñez Jiménez

引用次数: 2

Loss control case reports to OPE25 on FinTech for SOX ratio to consider for solvency and insurance underwriting 损失控制案例向OPE25报告FinTech的SOX比率，以考虑偿付能力和保险承保

IF 1.4

Journal of Corporate Accounting and Finance Pub Date : 2023-02-14 DOI: 10.1002/jcaf.22617

John P. Koeplin, Pascal Lélé

{"title":"Loss control case reports to OPE25 on FinTech for SOX ratio to consider for solvency and insurance underwriting","authors":"John P. Koeplin, Pascal Lélé","doi":"10.1002/jcaf.22617","DOIUrl":"https://doi.org/10.1002/jcaf.22617","url":null,"abstract":"With the OPE25 we now have a 3rd ratio for the capital structure: Economic Capital/Incentivized Pay. The SOX ratio is the financial instrument for internal audit, solvency monitoring by the investor and banking supervision for OPE—Calculation of RWA for operational risk, new version in force on January 1, 2023. It is part of the entity's process to meet the three minimum conditions required by BCBS for the use of the standardized approach: (a) Its board of directors and senior management, as appropriate, are actively involved in the oversight of the operational risk management framework; (b) It has an operational risk management system that is conceptually sound and is implemented with integrity; and (c) It has sufficient resources in the use of the approach in the major business lines as well as the control and audit areas. Equity corresponds to the means made available to a bank by its shareholders or other investors, as well as to the profits it has made, and which have not been distributed. Economic Capital (EC) belongs to this last category of means. The OPE30 in force so far based on the mathematical approach (statistics and probabilities), will expire on December 31, 2022.","PeriodicalId":44561,"journal":{"name":"Journal of Corporate Accounting and Finance","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2023-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50141154","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's characteristics and value creation from corporate spin-offs CEO特征与企业分拆的价值创造

IF 1.4

Journal of Corporate Accounting and Finance Pub Date : 2023-02-13 DOI: 10.1002/jcaf.22620

Soohyung Kim, Yeosong Yoon

引用次数: 0