China Journal of Accounting Research最新文献_第3页

Corrigendum to “Real effects of greenhouse gas disclosures” [China Journal of Accounting Research, 17(2), (2024) 100360] 对 "温室气体信息披露的实际效果 "的更正[《中国会计研究》，17（2），（2024）100360]

IF 1.9

China Journal of Accounting Research Pub Date : 2024-06-26 DOI: 10.1016/j.cjar.2024.100371

Tong Lu , Lijun Ruan , Yanyan Wang , Lisheng Yu

引用次数: 0

Is audit materiality informative? Evidence from China 审计重要性是否具有参考价值？来自中国的证据

IF 1.9

China Journal of Accounting Research Pub Date : 2024-06-19 DOI: 10.1016/j.cjar.2024.100373

Lei Zhu , Qianwen Zheng , Yubin Li

{"title":"Is audit materiality informative? Evidence from China","authors":"Lei Zhu , Qianwen Zheng , Yubin Li","doi":"10.1016/j.cjar.2024.100373","DOIUrl":"10.1016/j.cjar.2024.100373","url":null,"abstract":"<div><p>To improve the usefulness of audit opinions, on 23 March 2021, the China Securities Regulatory Commission mandated that auditors disclose overall quantitative materiality of consolidated financial statements in special explanations of modified audit opinions. This paper selects Chinese A-share companies issued with modified audit opinions for the period of 2020–2022 as the research sample and analyzes the assessment of materiality in audit practice and the informativeness of audit materiality. Our findings are as follows. (1) The most commonly used bases for materiality by auditors are profit and income, with considerable differences in the percentages applied to the different bases and variations even within the same base. (2) The higher the materiality amount, the poorer the audit quality. This negative correlation is mainly observed in scenarios where the audited companies engage in downward earnings management and where the competency of audit firms or auditors is relatively low. (3) Companies that disclose quantitative materiality in the special explanations of modified audit opinions have a lower earnings response coefficient than companies that do not disclose audit materiality. This research sheds light on the “black box” of the audit process and verifies the information value of audit materiality. The conclusions are of significant value to auditing standard-setters, investors and regulators.</p></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"17 3","pages":"Article 100373"},"PeriodicalIF":1.9,"publicationDate":"2024-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1755309124000315/pdfft?md5=9839298c039c85ddd4fd1c3b87950d85&pid=1-s2.0-S1755309124000315-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141961965","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

Artificial intelligence and corporate risk-taking: Evidence from China 人工智能与企业风险承担：来自中国的证据

IF 1.9

China Journal of Accounting Research Pub Date : 2024-06-13 DOI: 10.1016/j.cjar.2024.100372

引用次数: 0

Does investor communication improve corporate social responsibility? A machine learning-based textual analysis 投资者沟通能否改善企业社会责任？基于机器学习的文本分析

IF 1.9

China Journal of Accounting Research Pub Date : 2024-06-13 DOI: 10.1016/j.cjar.2024.100370

引用次数: 0

The spillover effect of customers’ ESG performance on suppliers’ green innovation quality 客户的环境、社会和公司治理表现对供应商绿色创新质量的溢出效应

IF 1.9

China Journal of Accounting Research Pub Date : 2024-05-25 DOI: 10.1016/j.cjar.2024.100362

Yani Sun , Yuezhe Shen , Qingmei Tan

引用次数: 0

Spillover effect of digital transformation along the supply chain: From the perspective of suppliers’ audit fees 供应链数字化转型的溢出效应：从供应商审计费用的角度看

IF 1.9

China Journal of Accounting Research Pub Date : 2024-05-22 DOI: 10.1016/j.cjar.2024.100363

引用次数: 0

Real effects of greenhouse gas disclosures 温室气体披露的实际效果

IF 3.6

China Journal of Accounting Research Pub Date : 2024-05-17 DOI: 10.1016/j.cjar.2024.100360

Tong Lu , Lijun Ruan , Yanyan Wang , Lisheng Yu

{"title":"Real effects of greenhouse gas disclosures","authors":"Tong Lu , Lijun Ruan , Yanyan Wang , Lisheng Yu","doi":"10.1016/j.cjar.2024.100360","DOIUrl":"10.1016/j.cjar.2024.100360","url":null,"abstract":"<div><p>This study investigates the valuation and real effects of the mandatory disclosure of greenhouse gas (GHG) emission costs from the perspective of “double materiality.” We consider a firm with a Cobb-Douglas production function that combines GHG-related and non-GHG-related investments to produce short-term and long-term returns. In particular, the GHG-related investment entails short-term and long-term social costs of GHG emissions, including corporate costs and negative externalities. We demonstrate how the mandatory disclosure of the long-term costs of GHG emissions affects capital market valuations and corporate investment decisions relative to a non-disclosure regime. The social welfare in an accounting regime hinges on three parameters: the persistence of the short-term investment return, the ratio of the productivity of GHG-related investment to that of non-GHG-related investment, and the social cost parameter for GHG emissions. Our findings suggest that disclosing the long-term costs of GHG emissions may be detrimental to social welfare. Specifically, the non-disclosure regime results in higher social welfare than the disclosure regime for high values of these parameters.</p></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"17 2","pages":"Article 100360"},"PeriodicalIF":3.6,"publicationDate":"2024-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1755309124000182/pdfft?md5=e61b9fb620d5cdc8b5cf20a771d90077&pid=1-s2.0-S1755309124000182-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141044740","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

Intangibles and management earnings forecasts 无形资产和管理层盈利预测

IF 3.6

China Journal of Accounting Research Pub Date : 2024-05-14 DOI: 10.1016/j.cjar.2024.100361

Ashraf Khallaf , Yezen Kannan

引用次数: 0

Stakeholder responses to mandating environmental, social and governance reporting in Hong Kong 利益相关者对香港强制执行环境、社会和治理报告制度的回应

IF 3.6

China Journal of Accounting Research Pub Date : 2024-05-06 DOI: 10.1016/j.cjar.2024.100353

Ricky Chung , Lyndie Bayne , Jacqueline Birt

{"title":"Stakeholder responses to mandating environmental, social and governance reporting in Hong Kong","authors":"Ricky Chung , Lyndie Bayne , Jacqueline Birt","doi":"10.1016/j.cjar.2024.100353","DOIUrl":"10.1016/j.cjar.2024.100353","url":null,"abstract":"<div><p>We examine stakeholders’ comment letters regarding the Hong Kong Exchange’s (HKEX) 2015 Consultation Paper, which proposed mandating ESG reporting in Hong Kong. We test for significant differences in responses between stakeholder groups and whether the HKEX’s decision was consistent with stakeholders’ preferences in the consultation process. Examining comment letters submitted by six lobbying groups—preparers, investors, the accounting profession, NGOs, other institutions and individuals—we analyze survey responses using textual analysis software and statistical tests. We find that users and the accounting profession participated more than preparers. We also find that preparers and users took different positions on mandating ESG reporting when lobbying the HKEX, whereas preparers and the accounting profession advocated similar positions. Moreover, we find a significant association between stakeholder groups’ preferences and the HKEX’s decision on most proposed changes.</p></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"17 2","pages":"Article 100353"},"PeriodicalIF":3.6,"publicationDate":"2024-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S175530912400011X/pdfft?md5=e42f0da1a8d76326636117d14c026c42&pid=1-s2.0-S175530912400011X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141049626","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

Does the integration between litigation and supervision discipline financial misstatement? 诉讼与监督的结合是否能约束财务错报？

IF 3.6

China Journal of Accounting Research Pub Date : 2024-05-03 DOI: 10.1016/j.cjar.2024.100357

Huihua He , Junxiong Fang

{"title":"Does the integration between litigation and supervision discipline financial misstatement?","authors":"Huihua He , Junxiong Fang","doi":"10.1016/j.cjar.2024.100357","DOIUrl":"10.1016/j.cjar.2024.100357","url":null,"abstract":"<div><p>This paper explores the positive governance effects of the Procuratorate’s Public Interest Litigation System in China, which combines the powers of litigation and administrative supervision, on the quality of information disclosure by listed state-owned enterprises. We report several findings. (1) The likelihood that listed state-owned enterprises would issue financial restatements and participate in financial fraud decreased significantly in areas selected for pilot implementation. (2) The governance effect is stronger in regulated industries than in unregulated industries. After the pilot implementation, the agency costs decreased, and the increase in legal litigation risks related to false statements faced by enterprises played a deterrent effect. (3) The significance of the above results is stronger when a company’s external and internal governance are weaker. This study provides both new evidence of the effectiveness of the integrated governance mechanism and inspiration for future efforts to widely implement this mechanism in the capital market.</p></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"17 2","pages":"Article 100357"},"PeriodicalIF":3.6,"publicationDate":"2024-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1755309124000157/pdfft?md5=e54a42661a5e089d714786ad5a96c69e&pid=1-s2.0-S1755309124000157-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141024135","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