Journal of International Financial Management & Accounting最新文献_第7页

Be good to be wise: Environmental, Social, and Governance awareness as a potential credit risk mitigation factor 明智行事：环境、社会和治理意识是潜在的信贷风险缓解因素

IF 5.1 3区管理学

Journal of International Financial Management & Accounting Pub Date : 2022-01-18 DOI: 10.1111/jifm.12156

Marina Brogi, Valentina Lagasio, Pasqualina Porretta

引用次数: 0

Sovereign green bond and country value and risk: Evidence from European Union countries 主权绿色债券与国家价值和风险：来自欧盟国家的证据

IF 5.1 3区管理学

Journal of International Financial Management & Accounting Pub Date : 2022-01-18 DOI: 10.1111/jifm.12155

Stefano Dell'Atti, Caterina Di Tommaso, Vincenzo Pacelli

引用次数: 7

How does the financial market influence firms' Green innovation? The role of equity analysts 金融市场如何影响企业的绿色创新?股票分析师的角色

IF 5.1 3区管理学

Journal of International Financial Management & Accounting Pub Date : 2022-01-18 DOI: 10.1111/jifm.12152

Paolo Fiorillo, Antonio Meles, Mario Mustilli, Dario Salerno

{"title":"How does the financial market influence firms' Green innovation? The role of equity analysts","authors":"Paolo Fiorillo, Antonio Meles, Mario Mustilli, Dario Salerno","doi":"10.1111/jifm.12152","DOIUrl":"10.1111/jifm.12152","url":null,"abstract":"This paper investigates how equity analysts influence firms' green innovation across different financial markets. Using a unique data set consisting of more than 6000 listed firms across 56 different countries, we find that corporate green innovation is positively associated with the number of equity analysts following the firm. We attribute this result to the informational role of analysts, which encourages managers to invest more in eco-innovation. However, when we divide the full sample into two subsamples based on whether covered firms are incorporated in market-oriented or bank-oriented countries, we find that the association between firm's green innovation and analyst coverage becomes negative in the case of market-oriented financial systems. We argue that potential explanations for this result rely on the differences occurring among market-oriented and bank-oriented systems in terms of listed companies' ownership structure and the prevalence of arm's length transaction banking rather than long-term lender–borrower relationships.","PeriodicalId":46659,"journal":{"name":"Journal of International Financial Management & Accounting","volume":"33 3","pages":"428-458"},"PeriodicalIF":5.1,"publicationDate":"2022-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jifm.12152","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43243783","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 20

The effects of person-specific, task, and environmental factors on digital transformation and innovation in auditing: A review of the literature 个人、任务和环境因素对审计数字化转型和创新的影响：文献综述

IF 5.1 3区管理学

Journal of International Financial Management & Accounting Pub Date : 2022-01-18 DOI: 10.1111/jifm.12148

Dereck Barr-Pulliam, Helen L. Brown-Liburd, Ivy Munoko

{"title":"The effects of person-specific, task, and environmental factors on digital transformation and innovation in auditing: A review of the literature","authors":"Dereck Barr-Pulliam, Helen L. Brown-Liburd, Ivy Munoko","doi":"10.1111/jifm.12148","DOIUrl":"10.1111/jifm.12148","url":null,"abstract":"This study reviews literature examining digital transformation in the external audit setting. Our review will inform the standard-setting initiatives of the International Auditing and Assurance Standards Board (IAASB) related to the use of technology in auditing. We identified 36 articles on digital transformation in the external audit published between 2000 and 2021 across 20 journals ranked A*, A, B, and C on the Australian Business Deans Council (ABDC) 2021 Journal Quality List. We also identified 18 advanced working papers. These articles cover conceptual frameworks and archival, experimental, interviews, case studies, and survey research methods. Fifty percent of the published articles appear in A* or A journals, of which nine were published in one of the premier six accounting research journals (i.e., A*) since 2020. This trend is a promising sign that there appears to be increasing interest in publishing digital transformation-related research in these general interest journals. We use the Bonner judgment and decision-making framework, coupled with the four primary data analytic tools, to organize and evaluate the literature. This study examines descriptive and diagnostic analytics; more complex techniques, such as predictive and prescriptive, are not as prevalent. Further, existing research insufficiently addresses how data analytic tools impact auditor judgment and decision-making, providing multiple future inquiry lines.","PeriodicalId":46659,"journal":{"name":"Journal of International Financial Management & Accounting","volume":"33 2","pages":"337-374"},"PeriodicalIF":5.1,"publicationDate":"2022-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43175098","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 7

Does nonperforming loan securitization affect credit default swap spreads? Evidence from European banks 不良贷款证券化会影响信用违约互换利差吗？来自欧洲银行的证据

IF 5.1 3区管理学

Journal of International Financial Management & Accounting Pub Date : 2022-01-12 DOI: 10.1111/jifm.12147

Caterina Di Tommaso, Vincenzo Pacelli

引用次数: 0

An introduction to the special issue on Green Finance and sustainability 绿色金融与可持续发展特刊简介

IF 5.1 3区管理学

Journal of International Financial Management & Accounting Pub Date : 2022-01-12 DOI: 10.1111/jifm.12149

Vincenzo Verdoliva, Samuel A. Vigne

引用次数: 0

Do institutions, religion and the economic cycle impact bank stability in dual banking systems? 制度、宗教和经济周期是否会影响二元银行体系中的银行稳定性?

IF 5.1 3区管理学

Journal of International Financial Management & Accounting Pub Date : 2022-01-12 DOI: 10.1111/jifm.12146

Eralp Bektas, Marei Elbadri, Philip Molyneux

{"title":"Do institutions, religion and the economic cycle impact bank stability in dual banking systems?","authors":"Eralp Bektas, Marei Elbadri, Philip Molyneux","doi":"10.1111/jifm.12146","DOIUrl":"10.1111/jifm.12146","url":null,"abstract":"We investigate the relationship of institutional quality, religion, and economic cycles to bank stability using a sample of 254 banks, including Islamic (IBs) and conventional banks (CBs), located in nine countries (QISMUT+3) that follow dual banking systems. We use a comprehensive model and adopt a stronger econometric methodology compared with previous literature. Our findings reaffirm the significant positive influence of institutional quality on bank stability as proxied by a bank's Z-score. Institutional quality variables including financial freedom, voice and accountability, the rule of law, and political stability positively influence bank stability. On the other hand, other institutional quality variables such as economic freedom, government effectiveness, RQ, and corruption negatively affect bank stability. Overall, our empirical evidence shows that IBs are relatively less stable than CBs, due to banking practices, riskier products, and immature legal frameworks. Our analysis also suggests that IBs operate in a similar manner as CBs. New to this study, results suggest that religious orientation has no significant effect on bank stability in our sample countries with dual banking systems. Importantly, we find that the legal system, in particular the Sharià-based legal system, has no significant effect on stability for IBs. Furthermore, customer religiosity measured as the share of Muslim population does not appear to have a differential impact on stability for IBs compared to CBs except when the Muslim share in population exceeds 85%.","PeriodicalId":46659,"journal":{"name":"Journal of International Financial Management & Accounting","volume":"33 2","pages":"252-284"},"PeriodicalIF":5.1,"publicationDate":"2022-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44928010","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 12

Tax enforcement efforts and stock price crash risk: Evidence from China 税务执法力度与股价崩盘风险:来自中国的证据

IF 5.1 3区管理学

Journal of International Financial Management & Accounting Pub Date : 2021-12-29 DOI: 10.1111/jifm.12145

Shihua Chen, Yan Ye, Khalil Jebran

引用次数: 14

Governance in Romania: Exploring the determinants of corporate insider trading 罗马尼亚的治理:探讨公司内幕交易的决定因素

IF 5.1 3区管理学

Journal of International Financial Management & Accounting Pub Date : 2021-12-21 DOI: 10.1111/jifm.12144

Cătălin N. Albu, Nadia Albu, Allan Hodgson, Zhengling Xiong

{"title":"Governance in Romania: Exploring the determinants of corporate insider trading","authors":"Cătălin N. Albu, Nadia Albu, Allan Hodgson, Zhengling Xiong","doi":"10.1111/jifm.12144","DOIUrl":"10.1111/jifm.12144","url":null,"abstract":"Romania ranks at the extreme low end in Eastern Europe in terms of Hofstede cultural insights, rule of law, government effectiveness, and corruption—potentially limiting governance quality for restricting resource channeling. In this paper, we examine whether these shortcomings flow over into the degree of corporate insider trading profitability at the firm level. Consistent with high power distance, low individualism, and voice and accountability, executives and their family members extract higher returns. The conjectured monitoring constraint of equity ownership had little impact on reducing profitable trading. Second, media reporting of firm-related scandals only restrained insider profitability in firms with government ownership—consistent with general forbearance of corruption and sanction from the use of politically controlled assets. Third, the global financial crisis revealed both a crisis of inept trading consistent with high uncertainty avoidance and also highly profitable trades for a limited set of executives who undertook short-term reversal strategies. Our exploratory microanalysis suggests a prototype to highlight areas requiring governance and investor attention in Eastern European countries.","PeriodicalId":46659,"journal":{"name":"Journal of International Financial Management & Accounting","volume":"33 2","pages":"307-336"},"PeriodicalIF":5.1,"publicationDate":"2021-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jifm.12144","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44094124","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Real earnings smoothing and crash risk: Evidence from Japan 真实收益平滑与崩溃风险:来自日本的证据

IF 5.1 3区管理学

Journal of International Financial Management & Accounting Pub Date : 2021-11-16 DOI: 10.1111/jifm.12143

Wenjun Kuang

{"title":"Real earnings smoothing and crash risk: Evidence from Japan","authors":"Wenjun Kuang","doi":"10.1111/jifm.12143","DOIUrl":"10.1111/jifm.12143","url":null,"abstract":"I focus on the relationship between real earnings smoothing and one-year-ahead firm-specific crash risk in Japan and investigate the effect of financial institutional ownership and the implementation of J-SOX on the above relationship. Specifically, I hypothesize that the garbling real earnings smoothing is positively associated with stock price crash risk, and the informative real earnings smoothing is negatively associated with stock price crash risk. My results show that the crash risk increases as the garbling real earnings smoothing increases due to the managerial concealment of bad news about firms’ prospects. However, there is no significant relationship between the informative real earnings smoothing and crash risk. I further find that the relation between garbling real earnings smoothing and crash risk is constrained by effective external monitoring by stable institutional investors and the implementation of J-SOX. Further evidence indicates that there is a significant and negative relationship between the garbling real earnings smoothing and asymmetric timeliness with respect to bad news. These results suggest that managers undertake the garbling component of real earnings smoothing to withhold the negative private information, resulting in the increase of downside risk of firms’ stock price. Overall, this study investigates the role of real earnings smoothing in the negative information transmission by managers in Japanese firms.","PeriodicalId":46659,"journal":{"name":"Journal of International Financial Management & Accounting","volume":"33 1","pages":"154-187"},"PeriodicalIF":5.1,"publicationDate":"2021-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jifm.12143","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43619741","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 7