Journal of Accounting Literature最新文献_第9页

Coercive, enabling, diagnostic, and interactive control: Untangling the threads of their connections 强制控制、启用控制、诊断控制和交互控制:解开它们之间的联系

Journal of Accounting Literature Pub Date : 2019-12-01 DOI: 10.1016/j.acclit.2019.10.001

Josep Bisbe , Anne-Marie Kruis , Paola Madini

{"title":"Coercive, enabling, diagnostic, and interactive control: Untangling the threads of their connections","authors":"Josep Bisbe , Anne-Marie Kruis , Paola Madini","doi":"10.1016/j.acclit.2019.10.001","DOIUrl":"10.1016/j.acclit.2019.10.001","url":null,"abstract":"<div><p>Recent accounting research has connected the coercive and enabling types of formalisation (C/E) (Adler and Borys, 1996) with the distinction between diagnostic and interactive controls (D/I) proposed by Simons (1995, 2000) to tackle research questions on complex control situations involving both the degree of employee autonomy and patterns of management attention. The diverse conceptual approaches used for connecting C/E and D/I have led to fragmentation in the literature and raise concerns about their conceptual clarity. In this paper, we assess the conceptual clarity of various forms of connection between C/E and D/I. Firstly, we conduct an in-depth content analysis of 59 recent papers, and inductively identify three points of conceptual ambiguity and divergence in the literature (namely, the perspective from which a phenomenon is studied; whether categories capture choices driven by design or by style-of-use; and the properties of control systems). We also observe that the literature proposes various forms of connection (i.e. coexistence, inclusion, and combination approaches). Secondly, we use the three detected points of ambiguity and divergence as assessment criteria, and evaluate the extent to which conceptual clarity is at risk under each form of connection. Based on this assessment, we provide guidelines to enhance the conceptual clarity of the connections between C/E and D/I, propose several research models, and indicate opportunities for future research in this area.</p></div>","PeriodicalId":45666,"journal":{"name":"Journal of Accounting Literature","volume":"43 ","pages":"Pages 124-144"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.acclit.2019.10.001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42142993","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: 19

How do restatements affect outside directors and boards? A review of the literature 重述如何影响外部董事和董事会?文献综述

Journal of Accounting Literature Pub Date : 2019-12-01 DOI: 10.1016/j.acclit.2019.07.001

Daniel A. Street , Dana R. Hermanson

{"title":"How do restatements affect outside directors and boards? A review of the literature","authors":"Daniel A. Street , Dana R. Hermanson","doi":"10.1016/j.acclit.2019.07.001","DOIUrl":"https://doi.org/10.1016/j.acclit.2019.07.001","url":null,"abstract":"<div><p>This paper reviews academic literature related to the consequences that outside directors and boards may face in the wake of earnings restatements and suggests directions for future research. We examine loss of board seats; recruitment of new directors; proxy recommendations and shareholder support; pre-emptive director departures; director wealth effects; director reputation, litigation, and sanction risks; international evidence; and legal proposals for reform. The overall picture that emerges from the literature is that directors’ primary risk in the wake of earnings restatements is loss of board seats, in part through adverse proxy advisor recommendations and reduced shareholder support. Directors typically face little risk of legal liability or SEC sanctions, and some directors pre-emptively leave a problem company’s board and reduce their loss of interlocked board seats. Some legal scholars have called for director liability to be increased so as to promote more vigilant board oversight. Companies often focus on increasing the independence of the board in the wake of a restatement in an effort to repair organizational reputation. While researchers have revealed a host of important findings to date, much more can be learned about the effects of restatements on outside directors and boards.</p></div>","PeriodicalId":45666,"journal":{"name":"Journal of Accounting Literature","volume":"43 ","pages":"Pages 19-46"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.acclit.2019.07.001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136829579","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

The tradeoff between relevance and comparability in segment reporting 分部报告中相关性和可比性之间的权衡

Journal of Accounting Literature Pub Date : 2019-12-01 DOI: 10.1016/j.acclit.2019.11.003

Lisa Hinson, Jennifer Wu Tucker, Diana Weng

{"title":"The tradeoff between relevance and comparability in segment reporting","authors":"Lisa Hinson, Jennifer Wu Tucker, Diana Weng","doi":"10.1016/j.acclit.2019.11.003","DOIUrl":"https://doi.org/10.1016/j.acclit.2019.11.003","url":null,"abstract":"<div><p>The rule change for segment reporting in 1998 has arguably made segment reporting more relevant through the adoption of the management approach. Meanwhile, the management approach has resulted in a decrease in the comparability of segment income. We introduce firm-specific measures of changes in relevance and comparability due to the rule change. Our treatment firms experienced an increase in the relevance of segment reporting but a large decrease in the comparability of segment income; our benchmark firms barely experienced any changes in relevance and comparability. We examine earnings forecasts before vs. after the rule change issued by financial analysts—a major user group of segment reporting. Relative to benchmark firms, treatment firms’ analyst forecast error reductions around the segment disclosure event are not significantly different after the rule change than before the rule change, but treatment firms’ forecast dispersion reductions around the segment disclosure event are significantly larger after the rule change than before the rule change. These results suggest that despite the decrease in comparability, the new segment reporting rule has increased the decision usefulness of segment information by decreasing disagreement among analysts.</p></div>","PeriodicalId":45666,"journal":{"name":"Journal of Accounting Literature","volume":"43 ","pages":"Pages 70-86"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.acclit.2019.11.003","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136829574","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

A review of derivatives research in accounting and suggestions for future work 衍生品会计研究综述及对未来工作的建议

Journal of Accounting Literature Pub Date : 2019-06-01 DOI: 10.1016/j.acclit.2019.02.001

John L. Campbell , Landon M. Mauler , Spencer R. Pierce

{"title":"A review of derivatives research in accounting and suggestions for future work","authors":"John L. Campbell , Landon M. Mauler , Spencer R. Pierce","doi":"10.1016/j.acclit.2019.02.001","DOIUrl":"10.1016/j.acclit.2019.02.001","url":null,"abstract":"<div><p>This paper provides a review of research on financial derivatives, with an emphasis on and comprehensive coverage of research published in 15 top accounting journals from 1996 to 2017. We begin with some brief institutional details about derivatives and then summarize studies explaining when and why firms use derivatives. We then discuss the evolution of the accounting rules related to derivatives (and associated disclosure requirements) and studies that examine changes in these requirements over the years. Next, we review the literature that examines the consequences of firms’ derivative use to various capital market participants (i.e., managers, analysts, investors, boards of directors, etc.), with an emphasis on the role that the accounting and disclosure rules play in such consequences. Finally, we discuss the importance of industry affiliation on firms’ derivative use and the role that industry affiliation plays in derivatives research. Overall, our review suggests that, perhaps due to their inherent complexity and data limitations, derivatives are relatively understudied in accounting, and we highlight several areas where future research is needed.</p></div>","PeriodicalId":45666,"journal":{"name":"Journal of Accounting Literature","volume":"42 ","pages":"Pages 44-60"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.acclit.2019.02.001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121729066","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: 36

Production and dissemination of corporate information in social media: A review 企业信息在社交媒体中的生产与传播:综述

Journal of Accounting Literature Pub Date : 2019-06-01 DOI: 10.1016/j.acclit.2019.02.002

Lijun (Gillian) Lei , Yutao Li , Yan Luo

引用次数: 0

Taxes and firm size: Political cost or political power? 税收与企业规模:政治成本还是政治权力?

Journal of Accounting Literature Pub Date : 2019-06-01 DOI: 10.1016/j.acclit.2018.12.001

Thomas Belz, Dominik von Hagen, Christian Steffens

{"title":"Taxes and firm size: Political cost or political power?","authors":"Thomas Belz, Dominik von Hagen, Christian Steffens","doi":"10.1016/j.acclit.2018.12.001","DOIUrl":"https://doi.org/10.1016/j.acclit.2018.12.001","url":null,"abstract":"<div><p>Using a meta-regression analysis, we quantitatively review the empirical literature on the relation between effective tax rate (ETR) and firm size. Accounting literature offers two competing theories on this relation: The political cost theory, suggesting a positive size-ETR relation, and the political power theory, suggesting a negative size-ETR relation. Using a unique data set of 56 studies that do not show a clear tendency towards either of the two theories, we contribute to the discussion on the size-ETR relation in three ways: First, applying meta-regression analysis on a US meta-data set, we provide evidence supporting the political cost theory. Second, our analysis reveals factors that are possible sources of variation and bias in previous empirical studies; these findings can improve future empirical and analytical models. Third, we extend our analysis to a cross-country meta-data set; this extension enables us to investigate explanations for the two competing theories in more detail. We find that Hofstede’s cultural dimensions theory, a transparency index and a corruption index explain variation in the size-ETR relation. Independent of the two theories, we also find that tax planning aspects potentially affect the size-ETR relation. To our knowledge, these explanations have not yet been investigated in our research context.</p></div>","PeriodicalId":45666,"journal":{"name":"Journal of Accounting Literature","volume":"42 ","pages":"Pages 1-28"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.acclit.2018.12.001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136524685","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

Modeling and interpreting regressions with interactions 用交互建模和解释回归

Journal of Accounting Literature Pub Date : 2019-06-01 DOI: 10.1016/j.acclit.2018.08.001

Jeffrey J. Burks , David W. Randolph , Jim A. Seida

引用次数: 28

Internal control in accounting research: A review 会计内部控制研究综述

Journal of Accounting Literature Pub Date : 2019-06-01 DOI: 10.1016/j.acclit.2018.03.002

Keryn Chalmers , David Hay , Hichem Khlif

{"title":"Internal control in accounting research: A review","authors":"Keryn Chalmers , David Hay , Hichem Khlif","doi":"10.1016/j.acclit.2018.03.002","DOIUrl":"10.1016/j.acclit.2018.03.002","url":null,"abstract":"<div><p>In 2001, the US moved to regulate internal control reporting by management and auditors. While some jurisdictions have followed the lead of the US, many others have not. An important question, therefore, is the relevance of internal control to stakeholders. The more specific issue of the benefits of US-style regulation of internal control reporting is also topical. We review studies on the determinants of internal control quality and its economic consequences for stakeholders including investors, creditors, managers, auditors and financial analysts. We extend previous reviews by focusing on US studies published since 2013 as well as all non-US studies investigating IC quality including countries regulating IC disclosure as well as unregulated settings and both developed and developing economies. In doing so, we identify research questions where evidence remains mixed and new directions in which there are research opportunities.</p><p>Three main insights arise from our analysis. First, evidence on the economic consequences of internal control quality suggests that the quality of internal control can have a significant effect on decision making by users of financial information. Second, the results of research on the empirical association between ownership structure, certain board characteristics and internal control quality is generally mixed. Empirical evidence concerning the association between audit committee characteristics and internal control quality generally supports a positive and significant association. Finally, while studies in non-US jurisdictions are increasing, opportunities remain to explore the determinants and consequences of internal control in other jurisdictions. Our review provides evidence for policy makers of whether there are benefits from requiring management and auditors to report on internal control over financial reporting.</p></div>","PeriodicalId":45666,"journal":{"name":"Journal of Accounting Literature","volume":"42 ","pages":"Pages 80-103"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.acclit.2018.03.002","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49528918","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: 101

Whistleblowing on accounting-related misconduct: A synthesis of the literature 会计相关不当行为的举报:文献综述

Journal of Accounting Literature Pub Date : 2018-12-01 DOI: 10.1016/j.acclit.2018.03.003

Gladys Lee , Xinning Xiao

引用次数: 74

Idiosyncratic information and the cost of equity capital: A meta-analytic review of the literature 特质资讯与股权资本成本:文献的元分析回顾

Journal of Accounting Literature Pub Date : 2018-12-01 DOI: 10.1016/j.acclit.2018.07.001

Max Schreder

{"title":"Idiosyncratic information and the cost of equity capital: A meta-analytic review of the literature","authors":"Max Schreder","doi":"10.1016/j.acclit.2018.07.001","DOIUrl":"10.1016/j.acclit.2018.07.001","url":null,"abstract":"<div><p>This paper provides a quantitative review of the literature on the repercussions of idiosyncratic information on firms’ cost of equity (CoE) capital. In total, I review the results of 113 unique studies examining the CoE effects of information <em>Quantity</em>, <em>Precision</em> and <em>Asymmetry</em>. My results suggest that the association between firm-specific information and CoE is subject to moderate effects. First, the link between <em>Quantity</em> and CoE is moderated by disclosure types and country-level factors in that firms in comparatively weakly regulated countries tend to enjoy up to four times greater CoE benefits from more expansive disclosure—depending on the type of disclosure—than firms in strongly regulated markets. Second, a negative relationship between <em>Precision</em> and CoE is only significant in studies using non-accrual quality proxies for <em>Precision</em> and risk factor-based (RFB)/valuation model-based (VMB) proxies for CoE. Third, almost all VMB studies confirm the positive association between <em>Asymmetry</em> and CoE, but there is notable variation in the conclusions reached when <em>ex post</em> CoE measurers are used.</p></div>","PeriodicalId":45666,"journal":{"name":"Journal of Accounting Literature","volume":"41 ","pages":"Pages 142-172"},"PeriodicalIF":0.0,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.acclit.2018.07.001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45413810","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: 9