发布求助
文献互助 智能选刊 最新文献

China Journal of Accounting Research最新文献

筛选
英文 中文
Tax-related human capital: Evidence from financial reporting aggressiveness of boards with tax officer directors in China
IF 1.9
China Journal of Accounting Research Pub Date : 2025-03-01 DOI: 10.1016/j.cjar.2024.100404
Yong Huang , Kam C. Chan , Chunxiang Zhao
{"title":"Tax-related human capital: Evidence from financial reporting aggressiveness of boards with tax officer directors in China","authors":"Yong Huang ,&nbsp;Kam C. Chan ,&nbsp;Chunxiang Zhao","doi":"10.1016/j.cjar.2024.100404","DOIUrl":"10.1016/j.cjar.2024.100404","url":null,"abstract":"<div><div>We investigate the impact of tax-related human capital (THC) on corporate financial reporting aggressiveness. Using the presence of former or current tax officers from tax authorities on a firm’s board of directors as a proxy for THC, we find that firms with tax officer directors report their earnings more aggressively than those without such directors. This relationship remains robust across alternative measures of aggressiveness, model specifications and various methods of addressing endogeneity concerns. Moreover, the level of aggressiveness is more pronounced when tax officer directors have previously served in local tax authorities, have experience in offices overseeing the firm’s income tax affairs or have held a senior position in tax authorities, particularly when firms are subject to lenient tax enforcement policies or higher statutory tax rates. These findings support that tax officer directors contribute to firms’ aggressive reporting practices through THC. Additional analyses suggest that firms with tax officer directors exhibit lower effective tax rates and a weaker association between effective tax rates and operating cash flows. Our findings collectively demonstrate that firms with tax officer directors possess significant THC and employ aggressive strategies in both financial and tax reporting practices.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 1","pages":"Article 100404"},"PeriodicalIF":1.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143593319","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Differentiated governance of executive compensation in Chinese state-owned enterprises
IF 1.9
China Journal of Accounting Research Pub Date : 2025-03-01 DOI: 10.1016/j.cjar.2024.100394
Yuanyuan Liu, Guojian Zheng, Guilong Cai
{"title":"Differentiated governance of executive compensation in Chinese state-owned enterprises","authors":"Yuanyuan Liu,&nbsp;Guojian Zheng,&nbsp;Guilong Cai","doi":"10.1016/j.cjar.2024.100394","DOIUrl":"10.1016/j.cjar.2024.100394","url":null,"abstract":"<div><div>In the context of differentiated governance and the deepening market-oriented reform of compensation in China, we divide state-owned enterprises (SOEs) into four categories according to their equity structure, namely absolute holding firms, relative holding firms, major impact firms and equity participation firms, to examine the current situation and effectiveness of differentiated governance for executive compensation. We report four main findings. First, executive compensation levels, compensation gaps and equity incentives increase as government control decreases, indicating the emergence of differentiated governance of executive compensation in SOEs. Second, the driving force behind differentiated compensation is the government’s willingness to intervene in SOEs. The government’s ability to intervene in SOEs is not diminished by reduced equity control, and the government may even compensate for such a reduction by appointing excess executives. Third, differentiated governance of compensation is more prominent in local and competitive SOEs, while equity incentives lag significantly behind salary levels and salary gap incentives. Fourth, differentiated governance of compensation levels and gaps are effective in reducing agency problems and enhancing innovation in SOEs; however, the impact of equity incentives is limited. These findings enrich the literature on the differentiated governance of SOEs and facilitate a more comprehensive understanding of executive incentive and compensation contracts in Chinese SOEs.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 1","pages":"Article 100394"},"PeriodicalIF":1.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143593325","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The aggregate release of third-party online sales data and audit quality improvement
IF 1.9
China Journal of Accounting Research Pub Date : 2025-03-01 DOI: 10.1016/j.cjar.2024.100376
Ning Chen , Junxiong Fang
{"title":"The aggregate release of third-party online sales data and audit quality improvement","authors":"Ning Chen ,&nbsp;Junxiong Fang","doi":"10.1016/j.cjar.2024.100376","DOIUrl":"10.1016/j.cjar.2024.100376","url":null,"abstract":"<div><div>Corporate online sales data are embedded with high informational value. Focusing on auditors who are concerned about information quality, this paper systematically tests the governance effect of releasing third-party online sales data on audit quality. Using the first aggregate release of online sales data in 2018 as an exogenous shock, we use the difference-in-differences model and empirically demonstrate that the audit quality of firms with released online sales data improves significantly after 2018. Subsequent analyses demonstrate that releasing online sales data has a governance effect by improving internal control quality, audit efficiency and audit prudence. The findings demonstrate that the aggregate release of third-party online sales data could have positive economic consequences.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 1","pages":"Article 100376"},"PeriodicalIF":1.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143593320","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Is corporate digital transformation counter-cyclical?
IF 1.9
China Journal of Accounting Research Pub Date : 2025-03-01 DOI: 10.1016/j.cjar.2024.100401
Shuai Wang , Xi Chen , Qinggang Wang
{"title":"Is corporate digital transformation counter-cyclical?","authors":"Shuai Wang ,&nbsp;Xi Chen ,&nbsp;Qinggang Wang","doi":"10.1016/j.cjar.2024.100401","DOIUrl":"10.1016/j.cjar.2024.100401","url":null,"abstract":"<div><div>In this paper, we assess listed companies in China to empirically examine the relationship between economic cycles and corporate digital transformation. We find that enterprises undergo a higher level of digital transformation during business contraction, and digital transformation exerts a counter-cyclical effect, which is significantly stronger in non-state-owned enterprises and enterprises with a high proportion of low-skilled labor and a high growth level, but significantly weaker in enterprises in financial distress. Digital transformation during periods of contraction can enhance financing accessibility, optimize labor structures and improve corporate governance over the subsequent one to three years. This can alleviate the pressure of economic contraction. Our study contributes to the literature on economic cycles and digital transformation and provides insights enabling governments and enterprises to better understand macroeconomic trends, advance digital transformation and promote high-quality economic development.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 1","pages":"Article 100401"},"PeriodicalIF":1.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143593322","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How do managers use MD&A disclosures to respond to negative news?
IF 1.9
China Journal of Accounting Research Pub Date : 2025-03-01 DOI: 10.1016/j.cjar.2025.100405
Lingbing Liu, Huixin Geng, Yutong Wang
{"title":"How do managers use MD&A disclosures to respond to negative news?","authors":"Lingbing Liu,&nbsp;Huixin Geng,&nbsp;Yutong Wang","doi":"10.1016/j.cjar.2025.100405","DOIUrl":"10.1016/j.cjar.2025.100405","url":null,"abstract":"<div><div>This study investigates whether and how managers respond to major negative news by increasing the information content of their MD&amp;A disclosures. We predict that major negative news influences managers’ disclosure decisions by increasing legitimacy pressures and reducing opportunities to obscure information. Based on textual similarity data of financial news, we adopt a new measure to identify explosive negative news and find that managers increase the information content of their MD&amp;A disclosures after major negative news. The relationship between major negative news and MD&amp;A information content is stronger for firms held by the Social Security Fund, in industries with more penalties and for firms with higher analyst coverage. After considering endogeneity, particularly omitted variable bias and self-selection bias, and using different measures of the variables, our conclusions remain robust.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 1","pages":"Article 100405"},"PeriodicalIF":1.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143593324","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Returnee CEO and audit fees
IF 1.9
China Journal of Accounting Research Pub Date : 2025-03-01 DOI: 10.1016/j.cjar.2024.100403
Vincent Tawiah , Hela Borgi , Muhammad Usman , Francis Osei-Tutu
{"title":"Returnee CEO and audit fees","authors":"Vincent Tawiah ,&nbsp;Hela Borgi ,&nbsp;Muhammad Usman ,&nbsp;Francis Osei-Tutu","doi":"10.1016/j.cjar.2024.100403","DOIUrl":"10.1016/j.cjar.2024.100403","url":null,"abstract":"<div><div>We examine the relationship between returnee chief executive officers (CEOs) and audit fees in China using robust econometric modeling with 25,630 firm-year observations between 2008 and 2020. A returnee CEO is a Chinese CEO who has previously worked or studied outside mainland China. Consistent with the supply-side argument that returnees improve governance and reduce audit risk, having a returnee CEO is negatively associated with audit fees. This relationship is not sensitive to the source of foreign experience. Firms with (vs. without) returnee CEOs pay lower audit fees. This effect is particularly pronounced for state-owned enterprises. Poorly governed, highly complex and risky firms benefit most from returnee CEOs in terms of lower audit fees. Our findings are robust across various tests.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 1","pages":"Article 100403"},"PeriodicalIF":1.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143593318","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Labor outsourcing and corporate innovation
IF 1.9
China Journal of Accounting Research Pub Date : 2025-03-01 DOI: 10.1016/j.cjar.2025.100407
Wenbin Yang , Jiaqi Mou , Li Ji
{"title":"Labor outsourcing and corporate innovation","authors":"Wenbin Yang ,&nbsp;Jiaqi Mou ,&nbsp;Li Ji","doi":"10.1016/j.cjar.2025.100407","DOIUrl":"10.1016/j.cjar.2025.100407","url":null,"abstract":"<div><div>This study investigates the impact of labor outsourcing on innovation, using manually collected data from Chinese A-share listed companies from 2012 to 2022. The results indicate that labor outsourcing significantly enhances firms’ innovation level. This relationship is primarily driven by improvements in financial flexibility and operational flexibility. Furthermore, we find that this positive relationship is more pronounced for firms facing high financial constraints and economic policy uncertainty, and firms located in regions with low population aging. The findings also suggest that labor outsourcing encourages enterprises to prioritize innovations with low rather than high originality.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 1","pages":"Article 100407"},"PeriodicalIF":1.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143593323","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The cross-board spillover effect of innovation information: Establishment of the Star Market and Main Board analyst forecasts 创新信息的跨板溢出效应：建立明星市场和主板分析师预测
IF 1.9
China Journal of Accounting Research Pub Date : 2025-03-01 DOI: 10.1016/j.cjar.2024.100402
Chengxin Jiang , Bin Liu , Wenjing He
{"title":"The cross-board spillover effect of innovation information: Establishment of the Star Market and Main Board analyst forecasts","authors":"Chengxin Jiang ,&nbsp;Bin Liu ,&nbsp;Wenjing He","doi":"10.1016/j.cjar.2024.100402","DOIUrl":"10.1016/j.cjar.2024.100402","url":null,"abstract":"<div><div>Studies show that innovation information disclosed by listed firms affects the decision of non-listed firms and their stakeholders. This paper explores whether innovation information disclosed within a specific list board (i.e., market) also spills over to other list boards. Based on the establishment of China’s Star Market, we conduct an empirical test from the perspective of analyst forecasts. We find that (1) The accuracy of analyst forecasts of Main Board firms with greater information similarity to Star Market firms is significantly higher than that of Main Board firms with lower information similarity. (2) This effect is significantly stronger in samples with a substantially lower listing threshold for innovation firms, for Main Board firms with stronger innovation characteristics and when market innovation information needs are greater. (3) This affect is enhanced by analysts’ tendency to track Star Market firms with similar information to their tracked Main Board firms. These results enrich research on the spillover effects of innovation information and factors affecting analyst forecasts.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 1","pages":"Article 100402"},"PeriodicalIF":1.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143593321","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Coping strategy of independent directors for job-fulfillment risk under different ownership types and enforced legal environments 不同所有权类型和强制法律环境下独立董事的履职风险应对策略
IF 1.9
China Journal of Accounting Research Pub Date : 2024-10-10 DOI: 10.1016/j.cjar.2024.100392
Yu Xin , Ying Xin , Xinyi Huang , Liping Xu
{"title":"Coping strategy of independent directors for job-fulfillment risk under different ownership types and enforced legal environments","authors":"Yu Xin ,&nbsp;Ying Xin ,&nbsp;Xinyi Huang ,&nbsp;Liping Xu","doi":"10.1016/j.cjar.2024.100392","DOIUrl":"10.1016/j.cjar.2024.100392","url":null,"abstract":"<div><div>Ownership type, legal system evolution and their interaction significantly affect the incentives and behaviors of independent directors. We use the 2019 <em>Securities Law</em> revision as an exogenous shock to examine how state-owned enterprises (SOEs) versus non-SOEs and their independent directors respond to variations in regulatory compliance risk. Following the revision, SOEs are more likely to purchase directors’ and officers’ liability insurance to provide job security for independent directors. Non-SOEs are more likely to compensate for independent directors’ fulfillment risk by increasing salaries and their independent directors are more likely to resign to avoid litigation risk. The coping strategies for SOEs, non-SOEs and independent directors are dynamic under different compliance risk stages and are affected by firm-level and director-level characteristics.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"17 4","pages":"Article 100392"},"PeriodicalIF":1.9,"publicationDate":"2024-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142532909","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How does digital transformation affect corporate accounting employees? 数字化转型如何影响企业会计员工？
IF 1.9
China Journal of Accounting Research Pub Date : 2024-09-28 DOI: 10.1016/j.cjar.2024.100391
Yunsen Chen, Chen Lu, Zhe Li
{"title":"How does digital transformation affect corporate accounting employees?","authors":"Yunsen Chen,&nbsp;Chen Lu,&nbsp;Zhe Li","doi":"10.1016/j.cjar.2024.100391","DOIUrl":"10.1016/j.cjar.2024.100391","url":null,"abstract":"<div><div>The rapid pace of digitalization has given rise to concerns about its influence on job roles. Our findings reveal a substitution effect on accounting employees. This effect is more evident in private firms, firms with higher levels of digital transformation in their accounting departments, firms in the information technology industry, firms with overconfident managers and firms with a higher-level network infrastructure. Digitalization also has a positive effect on technically skilled and highly educated employees, leading to a decline in the proportion of entry-level employees. We also document that digitalization contributes to more efficient labor investment. Our study therefore offers insights into how digital transformation can change the labor market for accounting employees.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"17 4","pages":"Article 100391"},"PeriodicalIF":1.9,"publicationDate":"2024-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142532910","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：481959085
Book学术官方微信