Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad最新文献

CEO’s time perspective influence on green innovation CEO时间视角对绿色创新的影响

4区管理学

Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad Pub Date : 2023-09-26 DOI: 10.1080/02102412.2023.2256082

Muhammad Jameel Hussain, Tian Gao Liang, Adnan Ashraf, Radwan Hussien Alkebsee

引用次数: 0

The rise of compliance systems? The evolution of internal control through the accounting literature 合规制度的兴起?从会计文献看内部控制的演变

4区管理学

Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad Pub Date : 2023-09-25 DOI: 10.1080/02102412.2023.2255416

Enrique Mesa-Pérez

{"title":"The rise of compliance systems? The evolution of internal control through the accounting literature","authors":"Enrique Mesa-Pérez","doi":"10.1080/02102412.2023.2255416","DOIUrl":"https://doi.org/10.1080/02102412.2023.2255416","url":null,"abstract":"ABSTRACTCompliance systems aim to prevent the commission of fraud and corruption by promoting internal procedures and ethical behaviour among individuals. This research analyzes how the existing accounting literature examines the evolution of internal control and how it can reflect the implementation of compliance systems’ features. The starting presumption of this research is that compliance systems result from a process of audit implosion in which the characteristics of the audit society influence the organisation’s internal control. New regulations turned firms out-inside by requiring internal assurance about the effectiveness of their internal control. Compliance can be considered the last step within the evolution of internal control, providing a self-oversight and ethical perspective. This paper contributes to the accounting literature by showing that compliance systems can foster the bridge between two trends of research: management control and risk management.KEYWORDS: Accountingrisk managementcompliance systeminternal controlconceptual analysisJEL CODE: M40 AcknowledgmentsThe author would like to thank the support in developing this paper to my Ph.D. supervisors Carlos Larrinaga and Nicolás García-Torea. This paper would not be possible without the useful comments I received from the reviewers and the Editor of the Spanish Journal of Finance and Accounting.Disclosure statementNo potential conflict of interest was reported by the author(s).Additional informationFundingThe work was supported by the Ministerio de Ciencia e Innovación [PID2021-122389OB-I00]; Ministerio de Ciencia e Innovación [Grant TED2021- 129520B-I00].","PeriodicalId":45271,"journal":{"name":"Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135815963","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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

Earnings management and country-level characteristics as determinants of stock liquidity in Latin America 盈余管理和国家层面的特征是拉丁美洲股票流动性的决定因素

IF 1 4区管理学

Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad Pub Date : 2021-10-16 DOI: 10.1080/02102412.2021.1975435

J. A. Muñoz Mendoza, S. M. Sepúlveda Yelpo, C. L. Veloso Ramos, C. D. Delgado Fuentealba, Rodrigo A. Fuentes Solís

{"title":"Earnings management and country-level characteristics as determinants of stock liquidity in Latin America","authors":"J. A. Muñoz Mendoza, S. M. Sepúlveda Yelpo, C. L. Veloso Ramos, C. D. Delgado Fuentealba, Rodrigo A. Fuentes Solís","doi":"10.1080/02102412.2021.1975435","DOIUrl":"https://doi.org/10.1080/02102412.2021.1975435","url":null,"abstract":"ABSTRACT We analysed the effects of accrual-based earnings management and countries’ institutional-financial development on stock liquidity of Latin American firms, specifically in MILA countries. We used a panel data composed of 478 companies between 2000 and 2016. Our results indicate that positive discretional accruals have a positive and non-linear impact on stock liquidity. This effect turns negative when positive discretionay accruals are higher than threshold values. Regardless of the direction of accounting manipulation, earnings management reduces stock liquidity. The IFRS adoption mitigates the effects of earnings management on stock liquidity. These findings suggest that IFRS are an effective control measure that limits discretionary use of accounting criteria by managers. Institutional and financial development of countries promotes stock liquidity. Only institutional development can mitigate the effect of EM on liquidity. These results are relevant for investors and policymakers due to their implications on firms’ corporate governance, investment decisions and financial policy design.","PeriodicalId":45271,"journal":{"name":"Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad","volume":"51 1","pages":"50 - 76"},"PeriodicalIF":1.0,"publicationDate":"2021-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"59174031","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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

Political ties and corporate tax burden in Spain 西班牙的政治关系和企业税负

IF 1 4区管理学

Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad Pub Date : 2020-01-02 DOI: 10.1080/02102412.2019.1573049

Carolina Bona Sánchez, Jerónimo Pérez Alemán, Domingo Javier Santana Martín

引用次数: 1

Mapping of stock exchanges: contagion from a new perspective 证券交易所的映射:新视角下的传染

IF 1 4区管理学

Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad Pub Date : 2018-11-08 DOI: 10.1080/02102412.2018.1540120

Pablo García Estévez, Salvador Roji Ferrari, Teresa Corzo Santamaria

{"title":"Mapping of stock exchanges: contagion from a new perspective","authors":"Pablo García Estévez, Salvador Roji Ferrari, Teresa Corzo Santamaria","doi":"10.1080/02102412.2018.1540120","DOIUrl":"https://doi.org/10.1080/02102412.2018.1540120","url":null,"abstract":"ABSTRACT This paper addresses the contagion problem between stock exchanges and uses self-organizing maps (SOMs) to develop a two-dimensional map based on five market variables from 48 stock exchanges around the world for the 2000–2012 period. The study addresses markets worldwide that have different levels of economic development. Using five market variables, we group stock exchanges into distinctive clusters and analyze their similarities, differences, and dynamics. The technique applied, artificial neural networks (ANNs), is a non-parametric visualization tool to study the dynamics of the markets worldwide following a non-traditional perspective based on the specific formation of groups and their evolution. Each group is defined by the Euclidean distances between markets. There are certain common features, both economic and geographic, within the migrant and static exchanges, which offer new insights. By applying the standard contagion methodology to the resulting groups, we study the spread of the subprime crisis and find evidence of contagion, as well as a high interdependence between markets for the entire period under consideration.","PeriodicalId":45271,"journal":{"name":"Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad","volume":"49 1","pages":"1 - 27"},"PeriodicalIF":1.0,"publicationDate":"2018-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/02102412.2018.1540120","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"59174349","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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: 2

Materialidad de los impactos sociales en la memoria de sostenibilidad. El caso del sector eólico y los pueblos indígenas en Oaxaca, México 可持续发展记忆中社会影响的重要性。墨西哥瓦哈卡州风能部门和土著人民的案例

IF 1 4区管理学

Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad Pub Date : 2018-10-08 DOI: 10.1080/02102412.2018.1511157

José Juan Déniz Mayor, María Concepción Verona Martel, María Eugenia de la Rosa Leal

引用次数: 5

ANÁLISIS empírico del efecto de las rentas económicas en el comportamiento independiente del auditor 经济收入对审计师独立行为影响的实证分析

IF 1 4区管理学

Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad Pub Date : 2018-07-03 DOI: 10.1080/02102412.2017.1387441

Estíbaliz Biedma López, Emiliano Ruiz Barbadillo, Andrés Guiral Contreras

{"title":"ANÁLISIS empírico del efecto de las rentas económicas en el comportamiento independiente del auditor","authors":"Estíbaliz Biedma López, Emiliano Ruiz Barbadillo, Andrés Guiral Contreras","doi":"10.1080/02102412.2017.1387441","DOIUrl":"https://doi.org/10.1080/02102412.2017.1387441","url":null,"abstract":"RESUMEN Este trabajo analiza si las rentas económicas que los auditores obtienen de sus clientes por la prestación de servicios de auditoría afectan a la independencia de auditor. La independencia del auditor ha sido subrogada a través de la propensión a emitir informes de auditoría cualificados por gestión continuada para una muestra de empresas españolas cotizadas que presentan síntomas de deterioro financiero durante el periodo 2002–2010. Para captar el efecto de las rentas económicas se han tenido en cuenta tres dimensiones de la dependencia económica: el nivel de honorarios de auditoría en términos absolutos, el nivel de honorarios relativos percibidos de un cliente y el nivel de honorarios futuros esperados. Los resultados muestran que ninguna de las dimensiones tiene efecto sobre la decisión del auditor de emitir una opinión cualificada por gestión continuada, cuestionando la idea subyacente en algunas de las medidas de salvaguarda propuestas por el regulador de que elevados honorarios de auditoría comprometen la independencia del auditor.","PeriodicalId":45271,"journal":{"name":"Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad","volume":"47 1","pages":"366 - 399"},"PeriodicalIF":1.0,"publicationDate":"2018-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/02102412.2017.1387441","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"59173662","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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: 2

Auditorías a demanda de la minoria societaria: un análisis empírico 少数股权需求审计:实证分析

IF 1 4区管理学

Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad Pub Date : 2017-08-26 DOI: 10.1080/02102412.2017.1371979

Juan Monterrey Mayoral, Amparo Sánchez Segura

{"title":"Auditorías a demanda de la minoria societaria: un análisis empírico","authors":"Juan Monterrey Mayoral, Amparo Sánchez Segura","doi":"10.1080/02102412.2017.1371979","DOIUrl":"https://doi.org/10.1080/02102412.2017.1371979","url":null,"abstract":"RESUMEN La normativa mercantil española prevé el nombramiento del auditor por el Registro Mercantil a requerimiento de la minoría societaria cuando la empresa no tiene obligación de auditar sus cuentas anuales, dando lugar a un escenario de mayor independencia del auditor. Sobre la base de una muestra de 150 empresas cuyas cuentas fueron auditadas por designación registral, hemos examinado qué efectos ejerce este sistema de nombramiento sobre la calidad de auditoría. Nuestros resultados dejan constancia, en primer lugar, que este escenario de independencia reforzada no parece tener efectos sobre la calidad de auditoría; en segundo lugar, que los auditores que aceptan encargos por esta vía tienden a ser más permisivos que los restantes auditores, sin que se aprecien niveles de calidad distintos según su nombramiento proceda del Registro o de los órganos sociales, y en tercer lugar, que estos auditores no muestran diferente actitud ante la compañía auditada según su designación proceda del Registro Mercantil o de los órganos sociales. Por último, cuando realizan trabajos por designación registral, los auditores muestran una elevada propensión a emitir informes con opinión modificada.","PeriodicalId":45271,"journal":{"name":"Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad","volume":"47 1","pages":"242 - 279"},"PeriodicalIF":1.0,"publicationDate":"2017-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/02102412.2017.1371979","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"59173536","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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

Does the interaction between the accounting method choice and disclosure affect financial analysts’ information environment? The case of joint ventures under IAS 31 会计方法选择与披露的交互作用是否影响财务分析师的信息环境?《国际会计准则第31号》规定的合资企业情况

IF 1 4区管理学

Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad Pub Date : 2017-07-03 DOI: 10.1080/02102412.2017.1325598

Begoña Giner Inchausti, Raul Iñiguez Sanchez, Francisco Poveda Fuentes

{"title":"Does the interaction between the accounting method choice and disclosure affect financial analysts’ information environment? The case of joint ventures under IAS 31","authors":"Begoña Giner Inchausti, Raul Iñiguez Sanchez, Francisco Poveda Fuentes","doi":"10.1080/02102412.2017.1325598","DOIUrl":"https://doi.org/10.1080/02102412.2017.1325598","url":null,"abstract":"ABSTRACT IAS 31 allowed firms to choose between proportionate consolidation and the equity method to record joint ventures in the consolidated accounts of the venturer. Moreover, this election implied a decision about including information in the primary financial statements or in the notes. This paper investigates if financial analysts perceive accounting information differently depending on the method chosen conditioned to the disclosure of the required information in the notes. We analysed a sample of Spanish firms during 2005–2010. We not only considered earnings forecasts, but also examined target prices and stock recommendations. Furthemore, we look at how this accounting choice affects analysts’ information environment. Our results suggest that the choice of accounting regime does not affect the bias and accuracy of earnings forecasts, nor target prices nor stock recommendations, no matter if firms provide or not information in the notes. While the proportionate method implies lower dispersion in analysts’ forecasts than the equity method, our tests do not allow us to confirm that the information environment depends on the accounting method. These results support the decision adopted in IFRS 11 to impose a unique method for the accounting of joint ventures.","PeriodicalId":45271,"journal":{"name":"Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad","volume":"46 1","pages":"298 - 326"},"PeriodicalIF":1.0,"publicationDate":"2017-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/02102412.2017.1325598","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"59173923","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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: 1

Priorización de Carteras de Proyectos de I+D a través del Data Envelopment Analysis 通过数据包络分析对研发项目组合进行优先排序

IF 1 4区管理学

Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad Pub Date : 2017-07-03 DOI: 10.1080/02102412.2017.1321903

Francisca Cabrera Monroy, Teresa García Valderrama, Jaime Sánchez Ortiz

{"title":"Priorización de Carteras de Proyectos de I+D a través del Data Envelopment Analysis","authors":"Francisca Cabrera Monroy, Teresa García Valderrama, Jaime Sánchez Ortiz","doi":"10.1080/02102412.2017.1321903","DOIUrl":"https://doi.org/10.1080/02102412.2017.1321903","url":null,"abstract":"RESUMEN El objetivo de este trabajo es el análisis de la literatura sobre la utilización del Data Envelopment Analysis (DEA) en la priorización de carteras de proyectos en su fase inicial. Este modelo ayuda a los decisores a elegir entre proyectos con resultados previsiblemente mejores, dado unos recursos disponibles y escasos, La ordenación que realiza el modelo en términnos de eficiencia permite financiar adecuadamente los proyectos más rentables. La metodología empleada es la revisión de trabajos específicos en las bases de datos electrónicas ProQuest, ScienceDirect, Scopus y Google Scholar. La muestra contiene 31 trabajos que evalúan proyectos de I + D con un modelo DEA y describen las características del estudio de caso. El estudio estadístico descriptivo de los datos recopilados permite estudiar el comportamiento del año de publicación, revistas, métodos, modelos DEA aplicados y software. Los resultados indican que el modelo más adecuado para la obtención de un ranking de los proyectos de I + D es un DEA Supereficiente CCR orientado a los inputs y, además, que las variables inputs más representativas son coste, personas, horas y dificultad técnica y, por la parte de los outputs, contribución económica directa, contribución tecnológica, contribución económica indirecta y contribución científica.","PeriodicalId":45271,"journal":{"name":"Spanish Journal of Finance and Accounting-Revista Espanola De Financiacion Y Contabilidad","volume":"46 1","pages":"369 - 407"},"PeriodicalIF":1.0,"publicationDate":"2017-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/02102412.2017.1321903","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"59173757","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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