China Journal of Accounting Research最新文献_第8页

Repairing damaged reputations through targeted poverty alleviation: Evidence from private companies’ strategies to deal with negative media coverage 通过精准扶贫修复受损声誉：来自私营公司应对负面媒体报道策略的证据

IF 3.6

China Journal of Accounting Research Pub Date : 2023-09-01 DOI: 10.1016/j.cjar.2023.100306

Guochao Yang , Shuang Wei , Kejing Chen , Yingying Ren

{"title":"Repairing damaged reputations through targeted poverty alleviation: Evidence from private companies’ strategies to deal with negative media coverage","authors":"Guochao Yang , Shuang Wei , Kejing Chen , Yingying Ren","doi":"10.1016/j.cjar.2023.100306","DOIUrl":"https://doi.org/10.1016/j.cjar.2023.100306","url":null,"abstract":"<div><p>When negative media coverage causes reputational crises, companies must find suitable tools to repair their reputation and reverse their negative image. As a CSR activity with political- and livelihood-related implications, targeted poverty alleviation may be an effective tool. Using data on negative media coverage of Chinese A-share private listed companies, we examine whether companies engage in targeted poverty alleviation in response to reputational crises caused by negative media coverage. We find that negative media coverage leads private companies to engage more actively and intensively in targeted poverty alleviation because of the significant increase in public attention to the bad news. These companies must urgently rebuild their positive image using targeted poverty alleviation to resolve their public opinion crisis. Further analyses suggest that original and in-depth negative media coverage is more likely to cause companies’ active participation in targeted poverty alleviation. In addition, negative media coverage is more likely to lead companies to engage in targeted poverty alleviation when they are in heavily polluting industries or face greater pressure from external investors. Finally, we find that active involvement in targeted poverty alleviation helps companies improve their market reputation and thus effectively manage public relations crises caused by negative media coverage.</p></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"16 3","pages":"Article 100306"},"PeriodicalIF":3.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50193440","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

Governance or reputation? Flexible tax enforcement and excess goodwill: Evidence from the taxpaying credit rating system in China 治理还是声誉?柔性税收执法与超额商誉:来自中国纳税信用评级制度的证据

IF 3.6

China Journal of Accounting Research Pub Date : 2023-09-01 DOI: 10.1016/j.cjar.2023.100316

Jingbo Luo, Chun Guo

引用次数: 0

Improving internal control quality as a corporate response to the Forbes Rich List 企业应对福布斯富豪榜，提高内部控制质量

IF 3.6

China Journal of Accounting Research Pub Date : 2023-09-01 DOI: 10.1016/j.cjar.2023.100317

Bei Luo , Zhimin Tian

引用次数: 0

Stakeholder demands and corporate social responsibility: Evidence from the Olympic Games 利益相关者需求与企业社会责任:来自奥运会的证据

IF 3.6

China Journal of Accounting Research Pub Date : 2023-09-01 DOI: 10.1016/j.cjar.2023.100307

Trung K. Do , Henry Hongren Huang , Liwei Shan , Albert Tsang , Li Yu

{"title":"Stakeholder demands and corporate social responsibility: Evidence from the Olympic Games","authors":"Trung K. Do , Henry Hongren Huang , Liwei Shan , Albert Tsang , Li Yu","doi":"10.1016/j.cjar.2023.100307","DOIUrl":"10.1016/j.cjar.2023.100307","url":null,"abstract":"<div><p>We propose that stakeholder demand can explain firms’ corporate social responsibility (CSR) activities and empirically test our proposition using 2002–2016 panel data from multiple countries. We select the Olympic Games as our experimental context and use a difference-in-differences design. We find that firms domiciled in countries that host the Olympic Games subsequently experience a significantly smaller increase in CSR commitment than firms in countries that unsuccessfully bid to host the Olympics. We also find that firms domiciled in cities that host the Olympic Games exhibit a significantly smaller increase in CSR than those domiciled in other cities in the same country. Additional tests indicate that firms in host countries with greater increases in the levels of happiness tend to experience an even smaller increase in CSR. Our findings are consistent with the stakeholder demand explanation, as stakeholders are less likely to require local firms to invest in CSR if utilities, such as those from environmental improvement, increase.</p><p>Running head: Olympic Games and CSR.</p></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"16 3","pages":"Article 100307"},"PeriodicalIF":3.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44174859","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

More words but less investment: Rookie CEOs and firms’ digital transformations 多说少投入:新上任的ceo和公司的数字化转型

IF 3.6

China Journal of Accounting Research Pub Date : 2023-09-01 DOI: 10.1016/j.cjar.2023.100305

Wenting Zhang, Chuang Lu, Shangkun Liang

引用次数: 2

Local government centralization and corporate ESG performance: Evidence from China’s county-to-district reform 地方政府集权与企业ESG绩效——来自中国县区改革的证据

IF 3.6

China Journal of Accounting Research Pub Date : 2023-09-01 DOI: 10.1016/j.cjar.2023.100314

Qihang Xue , Huimin Wang , Xiaole Ji , Jian Wei

引用次数: 1

Free cash flow productivity among Chinese listed companies: A comparative study of SOEs and non-SOEs 中国上市公司的自由现金流生产率：国有企业与非国有企业的比较研究

IF 3.6

China Journal of Accounting Research Pub Date : 2023-09-01 DOI: 10.1016/j.cjar.2023.100315

Deren Xie , Xuezhi Shi , Jinsong Liu , Ziyang Zhu

引用次数: 1

Market manipulation by rumormongers: Evidence from insiders’ stock selling 造谣者操纵市场：来自内部人士抛售股票的证据

IF 3.6

China Journal of Accounting Research Pub Date : 2023-09-01 DOI: 10.1016/j.cjar.2023.100318

Yan Tan, Wenting Zhang, Xiangting Kong

{"title":"Market manipulation by rumormongers: Evidence from insiders’ stock selling","authors":"Yan Tan, Wenting Zhang, Xiangting Kong","doi":"10.1016/j.cjar.2023.100318","DOIUrl":"10.1016/j.cjar.2023.100318","url":null,"abstract":"<div><p>Using a large sample of data on insiders’ stock selling and rumors about A-share listed companies in China, this study empirically tests whether and how rumors about companies are used to manipulate the market in the context of insiders’ stock selling. We find that the probability of a rumor’s occurrence, especially that of a favorable rumor, significantly increases in the 30 days before the first transaction in a round of insiders’ stock selling and remains high for 30 days afterward, showing clear signs of manipulation. These results are robust to several endogeneity tests. The probability of manipulation via rumor increases with a company’s degree of information asymmetry. In addition, large-scale stock selling, centralized bidding, and transactions involving CEOs or chairmen (or their relatives) have a significantly higher probability of manipulation via rumor, while transactions made by directors, supervisors, or senior executives (but not their relatives) have a significantly lower probability of manipulation via rumor. Further examination shows that using rumor to manipulate the market increases insiders’ transaction returns but leads to stock price reversal in the long term.</p></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"16 3","pages":"Article 100318"},"PeriodicalIF":3.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47039921","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

Mandatory CSR disclosure and analyst forecast properties: Evidence from a quasi-natural experiment in China 强制性企业社会责任披露与分析师预测属性:来自中国准自然实验的证据

IF 3.6

China Journal of Accounting Research Pub Date : 2023-06-01 DOI: 10.1016/j.cjar.2023.100301

Haina Shi , Byron Y. Song , Huifeng Xu , Xiaodong Xu

引用次数: 0

The state capital investing and operating company pilot reform and SOE bailouts 国有资本投资运营公司改革试点与国有企业纾困

IF 3.6

China Journal of Accounting Research Pub Date : 2023-06-01 DOI: 10.1016/j.cjar.2023.100302

Chuyi Wu, Liping Xu, Yu Xin

引用次数: 0