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China Journal of Accounting Research最新文献

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Parent firm dividends, financial pressure transmission and tax avoidance among subsidiaries: Evidence from China 母公司股利、财务压力传导与子公司间避税：来自中国的证据
IF 4
China Journal of Accounting Research Pub Date : 2025-10-07 DOI: 10.1016/j.cjar.2025.100447
Xiao Chen , Ziang Lin , Daosheng Xu
{"title":"Parent firm dividends, financial pressure transmission and tax avoidance among subsidiaries: Evidence from China","authors":"Xiao Chen ,&nbsp;Ziang Lin ,&nbsp;Daosheng Xu","doi":"10.1016/j.cjar.2025.100447","DOIUrl":"10.1016/j.cjar.2025.100447","url":null,"abstract":"<div><div>Although business groups are prevalent globally, limited attention is paid to how financial pressure transmission between parent and subsidiary firms elicits tax avoidance. We explore the impact of parent firms’ dividend policy on their subsidiaries’ tax strategy using China’s mandatory dividend policy as a quasi-natural experiment. We find that parent firm dividends elevate tax avoidance among their subsidiaries. Mechanism tests show that parent firms transmit the pressure of paying dividends to their subsidiaries, compelling them to adopt tax avoidance strategies to alleviate the pressure. The effect is more pronounced among subsidiaries facing greater dividend pressure and external financing constraints and operating in weaker corporate governance environments. Finally, subsidiaries engaging in greater tax avoidance subsequently pay higher dividends. Our findings highlight how intra-group financial dynamics influence tax avoidance among subsidiaries and the significance of financial pressure transmission from parent firms to subsidiaries.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 4","pages":"Article 100447"},"PeriodicalIF":4.0,"publicationDate":"2025-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145266991","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
Climate risk and adaptive green innovation: evidence from China 气候风险与适应性绿色创新：来自中国的证据
IF 4
China Journal of Accounting Research Pub Date : 2025-10-03 DOI: 10.1016/j.cjar.2025.100446
Xudong Tang , Lin Wang , Lulu Pan
{"title":"Climate risk and adaptive green innovation: evidence from China","authors":"Xudong Tang ,&nbsp;Lin Wang ,&nbsp;Lulu Pan","doi":"10.1016/j.cjar.2025.100446","DOIUrl":"10.1016/j.cjar.2025.100446","url":null,"abstract":"<div><div>Firms’ adaptation to climate risk is crucial for economic resilience. This paper links 2724 Chinese meteorological stations with A-share listed firms from 2006 to 2020 by geographic proximity. We construct a comprehensive climate risk measure via the entropy method and find that climate risk can promote green invention patent applications at the firm level. Mechanistically, climate risk drives green innovation by strengthening external government environmental regulations and internal corporate environmental responsibility. The effect is stronger in non-polluting industries and when firms receive more attention from social media. This study enhances understanding of firms’ positive adaptation to climate risk and offers new insight into green innovation drivers.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 4","pages":"Article 100446"},"PeriodicalIF":4.0,"publicationDate":"2025-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145221432","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
Peer effect of key audit matters disclosure 关键审计事项披露的同行效应
IF 4
China Journal of Accounting Research Pub Date : 2025-09-23 DOI: 10.1016/j.cjar.2025.100445
Hengguang Wu, Xiangyan Shi, Xueman Zhang
{"title":"Peer effect of key audit matters disclosure","authors":"Hengguang Wu,&nbsp;Xiangyan Shi,&nbsp;Xueman Zhang","doi":"10.1016/j.cjar.2025.100445","DOIUrl":"10.1016/j.cjar.2025.100445","url":null,"abstract":"<div><div>Examining Chinese listed companies (2017–2021), we show that key audit matters (KAMs) disclosure exhibits a significant peer effect. We verify a rivalry-based theory of this effect. Audit firms with similar (vs. divergent) resource endowments are more likely to mimic peers’ KAMs disclosure, particularly when auditors face more intense competition and a more uncertain information environment. Material misstatement risks may dampen the peer effect for less economically significant clients and auditors with more industry specialists, suggesting that this effect reflects auditors’ rational cost–benefit trade-off. Finally, the peer effect expands audit market share but reduces KAMs’ communication value. Our findings enrich KAMs disclosure research and provide implications for enhancing audit report reforms and the communicative value of KAMs disclosure.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 4","pages":"Article 100445"},"PeriodicalIF":4.0,"publicationDate":"2025-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145118757","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
Investor sentiment and audit-related human resource input: Evidence from audit-related job postings 投资者情绪与审计相关的人力资源投入：来自审计相关职位的证据
IF 4
China Journal of Accounting Research Pub Date : 2025-09-04 DOI: 10.1016/j.cjar.2025.100443
Zijun Luo , Weidong Xu , Donghui Li , Rui Xu , Meiting Lu
{"title":"Investor sentiment and audit-related human resource input: Evidence from audit-related job postings","authors":"Zijun Luo ,&nbsp;Weidong Xu ,&nbsp;Donghui Li ,&nbsp;Rui Xu ,&nbsp;Meiting Lu","doi":"10.1016/j.cjar.2025.100443","DOIUrl":"10.1016/j.cjar.2025.100443","url":null,"abstract":"<div><div>This paper finds that less favorable investor sentiment is associated with a higher level of audit-related job postings, driven by reduced corporate reputation, increased investor attention and greater regulatory pressure. Furthermore, the impact of investor sentiment on audit-related job postings is less pronounced when companies are audited by industry-specialist audit firms and more pronounced when the importance of clients to the audit firm is higher. The main findings remain robust after a series of endogeneity and robustness tests.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 4","pages":"Article 100443"},"PeriodicalIF":4.0,"publicationDate":"2025-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144997857","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 effect of data sharing on supply chain risks: a quasi-natural experiment from China’s public data open platforms 数据共享对供应链风险的影响：来自中国公共数据开放平台的准自然实验
IF 4
China Journal of Accounting Research Pub Date : 2025-09-04 DOI: 10.1016/j.cjar.2025.100444
Jinglu Zhao
{"title":"The effect of data sharing on supply chain risks: a quasi-natural experiment from China’s public data open platforms","authors":"Jinglu Zhao","doi":"10.1016/j.cjar.2025.100444","DOIUrl":"10.1016/j.cjar.2025.100444","url":null,"abstract":"<div><div>Data represent a crucial production factor and information source for firms’ production scheduling and risk management. Exploiting China’s staggered establishment of public data open platforms (PDOPs), I sample Chinese A-share listed firms (2010–2022) and apply a staggered difference-in-differences model to investigate how data sharing impacts firm-level supply chain risk. Supply chain risk decreases significantly following PDOP establishment. Data sharing via PDOPs alleviates the “bullwhip effect” and promotes supply chain diversification, mitigating supply chain risks. In more complex firms, those with more advanced digital innovation, as well as non-state-owned firms, data sharing plays a greater role in alleviating supply chain risks. These findings increase awareness of the significance of data resources and offer practical guidance for enterprises’ supply chain risk management.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 4","pages":"Article 100444"},"PeriodicalIF":4.0,"publicationDate":"2025-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144997858","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
Using machine learning to identify audit opinion shopping 利用机器学习识别审计意见购物
IF 1.9
China Journal of Accounting Research Pub Date : 2025-07-28 DOI: 10.1016/j.cjar.2025.100436
Jiamei Wang, Chao Yan
{"title":"Using machine learning to identify audit opinion shopping","authors":"Jiamei Wang,&nbsp;Chao Yan","doi":"10.1016/j.cjar.2025.100436","DOIUrl":"10.1016/j.cjar.2025.100436","url":null,"abstract":"<div><div>We select a machine learning model to identify audit opinion shopping and analyze the factors driving the model. To this end, we use six models, namely random forest, gradient boosting decision tree, random undersampling boosting, logistic regression (LR), support vector machine and multilayer perceptron. Among them, LR outperforms the other models. Using game theory, we classify 58 features potentially affecting opinion shopping into audit object, audit subject and audit environment categories. LR is used to obtain each category’s importance score. We find that audit object features play a crucial role in audit opinion shopping. We also validate and interpret important features. Finally, we use a model to predict audit collusion. Our paper extends the scope of machine learning to scientifically identify audit collusion risk and reveals important features of audit opinion shopping, which has implications for global audit practice.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 3","pages":"Article 100436"},"PeriodicalIF":1.9,"publicationDate":"2025-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144713640","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
Acquaintance means booster? Why stable customers matter for firm productivity 熟人意味着助推器？为什么稳定的客户对公司生产力很重要
IF 1.9
China Journal of Accounting Research Pub Date : 2025-07-16 DOI: 10.1016/j.cjar.2025.100435
Yunjiang Geng, Yuelong Wang, Shuaijun Wu
{"title":"Acquaintance means booster? Why stable customers matter for firm productivity","authors":"Yunjiang Geng,&nbsp;Yuelong Wang,&nbsp;Shuaijun Wu","doi":"10.1016/j.cjar.2025.100435","DOIUrl":"10.1016/j.cjar.2025.100435","url":null,"abstract":"<div><div>Amid sluggish global growth and rising uncertainties, supply chain stability is vital for sustaining economic production. Although studies examine the impacts of supply chain relationships on firm performance, their effect on total factor productivity (TFP) remains unexplored. Using data from 1559 A-share listed companies in China (2008–2022), this study examines customer stability’s impact on TFP and finds that customer stability enhances TFP by reducing Type I agency costs and improving firm reputation. It also generates significant spillover effects, increasing customer TFP through supply chain finance. This effect is more pronounced for firms in high-tech industries and regions with higher marketization and social trust. These findings offer new insights into enhancing firms’ efficiency through effective supply chain relationship management.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 3","pages":"Article 100435"},"PeriodicalIF":1.9,"publicationDate":"2025-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144633416","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
Annual report audit, ESG report assurance and audit quality: Evidence from the same accounting firm 年报审计、ESG报告鉴证与审计质量：来自同一家会计师事务所的证据
IF 1.9
China Journal of Accounting Research Pub Date : 2025-07-05 DOI: 10.1016/j.cjar.2025.100434
Wenwen Li , Ting Li , Hongjun Zhu
{"title":"Annual report audit, ESG report assurance and audit quality: Evidence from the same accounting firm","authors":"Wenwen Li ,&nbsp;Ting Li ,&nbsp;Hongjun Zhu","doi":"10.1016/j.cjar.2025.100434","DOIUrl":"10.1016/j.cjar.2025.100434","url":null,"abstract":"<div><div>This study investigates the impact of an accounting firm’s providing both an annual report audit and environmental, social and governance (ESG) report assurance on its audit quality. We find that when the same accounting firm is responsible for both the annual report audit and ESG report assurance, this does not compromise the accounting firm’s independence. On the contrary, it enhances audit quality through knowledge spillover effects and increased investment in reputational capital. Additional evidence suggests that providing ESG report assurance also prompts the accounting firm to allocate more audit resources, thereby influencing audit quality. In cross-sectional results, consistent with expectations, we find that the knowledge spillover and reputational effects of ESG report assurance are more pronounced for companies with weaker internal controls, non-A + H share companies and companies receiving lower levels of analyst attention. Finally, we document that having the same accounting firm responsible for ESG report assurance and annual report audit increases audit fees and also contributes to enhanced firm value. This study comprehensively highlights the influence of ESG report assurance on audit quality, and its findings offer valuable insights into the economic consequences of ESG report assurance practices.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 3","pages":"Article 100434"},"PeriodicalIF":1.9,"publicationDate":"2025-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144563664","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 accountability for illegal operations and investments affect SOEs’ earnings management strategies? Evidence from China 对非法经营和投资的问责是否会影响国企的盈余管理策略？来自中国的证据
IF 1.9
China Journal of Accounting Research Pub Date : 2025-06-10 DOI: 10.1016/j.cjar.2025.100433
Xuena Liu, Jiemei Liu, Lu Pan
{"title":"Does accountability for illegal operations and investments affect SOEs’ earnings management strategies? Evidence from China","authors":"Xuena Liu,&nbsp;Jiemei Liu,&nbsp;Lu Pan","doi":"10.1016/j.cjar.2025.100433","DOIUrl":"10.1016/j.cjar.2025.100433","url":null,"abstract":"<div><div>Exploiting the Opinions on Establishing an Accountability System for Illegal Operations and Investments in State-owned Enterprises (SOEs) as a quasi-experiment, we find that although accountability for illegal operations and investments (AIOI) effectively reduces accrual-based earnings management, it also prompts SOEs to resort to covert real earnings management tactics, suggesting a transfer effect between them. This effect is more pronounced in SOEs with weaker digital transformation and decentralized decision-making power. Our mechanism analysis reveals that AIOI primarily influences SOEs’ earnings management strategies by improving the external supervision environment and the internal organizational environment. Further analysis of the economic consequences shows that AIOI ultimately enhances the overall value of SOEs.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 3","pages":"Article 100433"},"PeriodicalIF":1.9,"publicationDate":"2025-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144241552","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
Fruitless effort? The effects of risk management disclosure specificity on nonprofessional investors’ judgments 徒劳的努力呢?风险管理披露专用性对非专业投资者判断的影响
IF 1.9
China Journal of Accounting Research Pub Date : 2025-06-05 DOI: 10.1016/j.cjar.2025.100432
Xinyan Miao , Shaofei Wang , Yue Wang , Bo Zhou
{"title":"Fruitless effort? The effects of risk management disclosure specificity on nonprofessional investors’ judgments","authors":"Xinyan Miao ,&nbsp;Shaofei Wang ,&nbsp;Yue Wang ,&nbsp;Bo Zhou","doi":"10.1016/j.cjar.2025.100432","DOIUrl":"10.1016/j.cjar.2025.100432","url":null,"abstract":"<div><div>The widespread use of boilerplate disclosures in financial reporting has led regulators to express concerns about the decision-usefulness of annual reports. We conduct two experiments to determine the effects of risk management disclosure presence and specificity on nonprofessional investors’ judgments. In Experiment 1, we manipulate risk management disclosure at three levels (non-disclosure vs. generic or specific risk management disclosures). Relative to the non-disclosure condition, nonprofessional investors exhibit more favorable investment judgments when provided with a specific risk management disclosure. However, generic disclosure has a negligible influence on nonprofessional investors’ judgments. We find no convincing evidence supporting potential alternative explanations. Experiment 2 confirms this mechanism and provides further evidence that the observed effects are not driven by the lengths of specific disclosures.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 3","pages":"Article 100432"},"PeriodicalIF":1.9,"publicationDate":"2025-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144223580","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
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