Journal of Accounting Literature最新文献_第8页

Supervision or collusion? CEO–CFO social ties and financial reporting quality 监督还是勾结?CEO-CFO社会关系与财务报告质量

Journal of Accounting Literature Pub Date : 2022-09-27 DOI: 10.1108/jal-03-2022-0031

Xingtong Fang, Kaigang He, Yijun Meng, Jianfang Ye

{"title":"Supervision or collusion? CEO–CFO social ties and financial reporting quality","authors":"Xingtong Fang, Kaigang He, Yijun Meng, Jianfang Ye","doi":"10.1108/jal-03-2022-0031","DOIUrl":"https://doi.org/10.1108/jal-03-2022-0031","url":null,"abstract":"PurposeSocial ties may either help chief executive officers (CEOs) supervise chief financial officers' (CFOs) behaviors effectively and improve financial reporting quality or lead to collusion and undermine financial reporting quality. Therefore, this paper examines the impact of social ties between CEOs and CFOs on financial reporting quality.Design/methodology/approachThis paper constructs the CEO–CFO social ties through their mutual alma mater or birthplace. Based on 6,787 Chinese non-financial firm-year observations from 2003 to 2020, the paper conducts an empirical test using the multiple regression method.FindingsThe main finding is that firms with CEO–CFO social ties are more likely to exhibit higher financial reporting quality. CEOs with social ties to CFOs can obtain a high level of information and exert a better supervisory and monitoring role. Further, CEO–CFO social ties are more effective when the CEO does not have a financial background and when the institutional environment is weak.Originality/valueThis paper mainly contributes to the literature exploring the impact of executive characteristics on financial reporting quality and the literature examining the relation between social ties and corporate behaviors. Meanwhile, the paper emphasizes the important role of social ties as an informal monitoring mechanism in practice.","PeriodicalId":45666,"journal":{"name":"Journal of Accounting Literature","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48982837","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

Real earnings management and idiosyncratic return volatility 真实收益管理与特殊回报波动

Journal of Accounting Literature Pub Date : 2022-09-27 DOI: 10.1108/jal-11-2021-0016

Ahsan Habib, P. Biswas, D. Ranasinghe

{"title":"Real earnings management and idiosyncratic return volatility","authors":"Ahsan Habib, P. Biswas, D. Ranasinghe","doi":"10.1108/jal-11-2021-0016","DOIUrl":"https://doi.org/10.1108/jal-11-2021-0016","url":null,"abstract":"PurposeHigher real earnings management (REM) reduces financial reporting quality and increases the uncertainty of future cash flows and profitability among investors. This study asserts that REM-induced noise increases idiosyncratic return volatility (IVOL), aims to examine the association between REM and IVOL and further investigates whether information asymmetry, firm life cycle and economic policy uncertainty (EPU) moderate the association between REM and IVOL.Design/methodology/approachThe authors use 94,445 firm-year observations from the US over 1987 to 2019 and test this study’s hypotheses using ordinary least square regressions with robust standard errors clustered by firm. The authors use change analysis, two-stage models and the impact threshold of the confounding variable analysis to address endogeneity.FindingsThe authors find that REM increases IVOL. This positive association is more pronounced for firms with more information asymmetry, for firms in the mature stage of the life cycle, compared with their growth-stage counterparts; and during periods of high EPU.Originality/valueExtant research suggests that accrual manipulation increases IVOL. However, the shift from accrual manipulation to REM and the managerial preference towards REM suggests that it is important to explore the impact of REM on IVOL. Thus, the authors enhance the understanding of the impact of earnings management on IVOL by documenting that REM-induced noise increases IVOL. The authors further extend the limited research on the consequences of REM and report an adverse consequence.","PeriodicalId":45666,"journal":{"name":"Journal of Accounting Literature","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48633463","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: 2

Accounting for intangible assets – insights from meta-analysis of R&D research 无形资产会计——来自研发研究荟萃分析的见解

Journal of Accounting Literature Pub Date : 2021-12-08 DOI: 10.1108/jal-11-2021-0004

Anne Jeny, Rucsandra Moldovan

引用次数: 2

How relative performance information affects employee behavior: a systematic review of empirical research 相对绩效信息如何影响员工行为:实证研究的系统回顾

Journal of Accounting Literature Pub Date : 2021-12-06 DOI: 10.1108/jal-11-2021-0006

Christian Schnieder

{"title":"How relative performance information affects employee behavior: a systematic review of empirical research","authors":"Christian Schnieder","doi":"10.1108/jal-11-2021-0006","DOIUrl":"https://doi.org/10.1108/jal-11-2021-0006","url":null,"abstract":"PurposeThis paper provides an overview of the empirical findings on how relative performance information (RPI) affects employee behavior. Additionally, the review identifies future research opportunities based on a systematic analysis of the literature that incorporates findings across several disciplines and provides replicable, extensive coverage.Design/methodology/approachThis paper addresses a research gap via synthesis, drawing on the empirical literature identified and analyzed systematically. A conceptual framework is developed to integrate the studies.FindingsThe effect of RPI on performance through enhanced effort is positive; moreover, publicity and performance-dependent compensation strengthen the effect. However, RPI has also been found to increase sabotage among employees, and it can lead to less honest reporting. Future research could examine critical mediators and moderators of the RPI-performance relationship and thus complement the findings. Additionally, the effects of group-based RPI remain underrepresented. Future work could help to assess in greater detail how RPI interacts with culture and norms and whether RPI is due to personal expectations. There is also room for further research regarding the effects of RPI on cooperation, its consequences for learning, how it affects budgeting decisions and its implications for risk taking.Originality/valueThis paper presents the first literature review in the field of RPI. It provides synthesized knowledge about whether RPI is beneficial or detrimental to organizational performance.","PeriodicalId":45666,"journal":{"name":"Journal of Accounting Literature","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47543667","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

Why does affect matter in accounting: a review of experimental studies on the effect of affect 为什么影响在会计中很重要:关于影响效应的实验研究综述

Journal of Accounting Literature Pub Date : 2021-11-29 DOI: 10.1108/jal-11-2021-0005

Xin Geng, Manos Kalargiros

{"title":"Why does affect matter in accounting: a review of experimental studies on the effect of affect","authors":"Xin Geng, Manos Kalargiros","doi":"10.1108/jal-11-2021-0005","DOIUrl":"https://doi.org/10.1108/jal-11-2021-0005","url":null,"abstract":"PurposeThe effect of affect in accounting contexts has recently attracted interest, but numerous questions still remain. Given that affect can significantly impact a variety of accounting judgments and decisions in theoretically different manners, the purpose of this synthesis is to understand the state of extant accounting literature in affect and identify directions for future research.Design/methodology/approachThis synthesis systematically reviews experimental accounting papers related to affect in both theoretical and functional respects. The authors first elaborate on the affect infusion theory as the theoretical foundation for the synthesis. The authors then present the sampling method. In Section 4, the authors conceptually and factually summarize affect accounting papers in terms of four major functional areas: auditing, managerial/corporate accounting, tax and financial accounting. The implications of moderators examined in some papers are also discussed. Finally, the authors conclude by revisiting the importance of affect in accounting contexts.FindingsThroughout the synthesis, the authors provide future research opportunities with respect to theories, each functional area and other gaps in the accounting literature.Originality/valueThis synthesis contributes to the accounting literature by providing a pathway to understand the development of accounting research on affect, integrating theoretical foundations and offering future research opportunities to advance the literature.","PeriodicalId":45666,"journal":{"name":"Journal of Accounting Literature","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44424958","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: 4

The informativeness of U.S. banks’ statements of cash flows 美国银行现金流量表的信息量

Journal of Accounting Literature Pub Date : 2019-12-01 DOI: 10.1016/j.acclit.2019.03.001

Zhan Gao, Weijia Li, John O’Hanlon

引用次数: 2

Examination and implications of experimental research on investor perceptions 投资者认知实验研究的检验与启示

Journal of Accounting Literature Pub Date : 2019-12-01 DOI: 10.1016/j.acclit.2019.11.001

Rachel Martin

{"title":"Examination and implications of experimental research on investor perceptions","authors":"Rachel Martin","doi":"10.1016/j.acclit.2019.11.001","DOIUrl":"https://doi.org/10.1016/j.acclit.2019.11.001","url":null,"abstract":"<div><p>This paper synthesizes existing experimental research in the area of investor perceptions and offers directions for future research. Investor-related experimental research has grown substantially, especially in the last decade, as it has made valuable contributions in establishing causal links, examining underlying process measures, and examining areas with little available data. Within this review, I examine 121 papers and identify three broad categories that affect investor perceptions: information format, investor features, and disclosure credibility. Information format describes how investors are influenced by information salience, information labeling, reporting and accounting complexity, financial statement recognition, explanatory disclosures, and proposed disclosure changes. Investor features describes investors’ use of heuristics, investor preferences, and the effect of investor experience. Disclosure credibility is influenced by external and internal assurance, management credibility, disclosure characteristics, and management incentives. Using this framework, I summarize the existing research and identify areas that would benefit from additional research.</p></div>","PeriodicalId":45666,"journal":{"name":"Journal of Accounting Literature","volume":"43 ","pages":"Pages 145-169"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.acclit.2019.11.001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136829573","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

Responses of US multinational firms to a temporary repatriation tax holiday: A literature review and synthesis 美国跨国公司对临时汇回税期的反应:文献综述与综合

Journal of Accounting Literature Pub Date : 2019-12-01 DOI: 10.1016/j.acclit.2019.11.002

Qi Flora Dong , Yiting Cao , Xin Zhao , Ashutosh Deshmukh

{"title":"Responses of US multinational firms to a temporary repatriation tax holiday: A literature review and synthesis","authors":"Qi Flora Dong , Yiting Cao , Xin Zhao , Ashutosh Deshmukh","doi":"10.1016/j.acclit.2019.11.002","DOIUrl":"10.1016/j.acclit.2019.11.002","url":null,"abstract":"<div><p>The effect of tax policy on the repatriation of foreign earnings is a topic of ongoing discussion among policymakers, academics, and the popular press. It has become more salient due to the 2017 Tax Cuts and Jobs Act (TCJA), which permanently removed repatriation tax. This paper synthesizes the academic literature examining US multinational firms’ responses to the repatriation tax holiday initiated by the 2004 American Jobs Creation Act (AJCA), which temporarily reduced the tax on the repatriation of foreign earnings. By synthesizing firm responses to the temporary tax reduction, we identify similarities and differences in: (1) theories about why and when repatriation tax affects firms’ repatriation decisions; (2) empirical evidence of whether repatriation tax affects firms’ repatriation decisions; and (3) empirical evidence of whether repatriation tax affects firms’ investment decisions. The analyses provide insights into the effect of the permanent removal of repatriation tax under the TCJA and explore avenues for future research. This synthesis of the AJCA literature informs tax research and practice as well as policymaking.</p></div>","PeriodicalId":45666,"journal":{"name":"Journal of Accounting Literature","volume":"43 ","pages":"Pages 108-123"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.acclit.2019.11.002","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47700096","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: 2

lead Independent Directors: Good governance or window dressing? 领导独立董事:良好治理还是粉饰门面?

Journal of Accounting Literature Pub Date : 2019-12-01 DOI: 10.1016/j.acclit.2019.06.001

Phillip T. Lamoreaux , Lubomir P. Litov , Landon M. Mauler

引用次数: 0

The information content of operations-related disclosures 经营相关披露的信息内容

Journal of Accounting Literature Pub Date : 2019-12-01 DOI: 10.1016/j.acclit.2019.11.004

Guang Ma

引用次数: 2