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Has scientific progress in accounting slowed down? 会计的科学进步是否放缓了？
IF 2.9 3区 管理学
Journal of Contemporary Accounting & Economics Pub Date : 2026-04-01 Epub Date: 2025-12-08 DOI: 10.1016/j.jcae.2025.100531
Zaher Zantout , Asm Sohel Azad , Kimberly Gleason , Vicente Bicudo de Castro , Deborah Smith
{"title":"Has scientific progress in accounting slowed down?","authors":"Zaher Zantout ,&nbsp;Asm Sohel Azad ,&nbsp;Kimberly Gleason ,&nbsp;Vicente Bicudo de Castro ,&nbsp;Deborah Smith","doi":"10.1016/j.jcae.2025.100531","DOIUrl":"10.1016/j.jcae.2025.100531","url":null,"abstract":"<div><div>We examine knowledge progression in academic accounting over the past three decades using novel measures of the scientific impact of new research. Among eight reputable accounting journals, we find that the relative scientific impact of new research published in <em>The Accounting Review</em>, <em>Journal of Accounting Research</em>, and <em>Journal of Accounting and Economics</em> declined significantly since the early 2000 s, and new research in the other reputable journals did not counterbalance these major declines. This phenomenon occurred despite the concurrent proliferation of accounting research over this time period. Evidently, the concerns expressed by many prolific researchers have materialized. There is a real need for greater and more urgent introspection by university administrators, doctoral program directors, and journal editors regarding the reasons the high pace of scientific progress achieved in the early part of our study period slowed down significantly by its end.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"22 1","pages":"Article 100531"},"PeriodicalIF":2.9,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145736641","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: 0
The role of local governments in tax enforcement and tax avoidance by local state-owned enterprises: evidence from China 地方政府在税收执法和地方国有企业避税中的作用：来自中国的证据
IF 2.9 3区 管理学
Journal of Contemporary Accounting & Economics Pub Date : 2026-04-01 Epub Date: 2026-01-10 DOI: 10.1016/j.jcae.2026.100541
Yang Pan , Xihao Wu
{"title":"The role of local governments in tax enforcement and tax avoidance by local state-owned enterprises: evidence from China","authors":"Yang Pan ,&nbsp;Xihao Wu","doi":"10.1016/j.jcae.2026.100541","DOIUrl":"10.1016/j.jcae.2026.100541","url":null,"abstract":"<div><div>Whether and how local governments’ taxation role influences state-owned enterprises’ (SOEs) tax avoidance decisions remains underexplored. Utilizing China’s Tax Centralization Reform (TCR) as a quasi-natural experiment, this study investigates how the reallocation of tax enforcement authority from local to central governments influences the tax avoidance behavior of local SOEs. Employing a difference-in-differences (DID) design on a sample of Chinese listed SOEs from 2015 to 2022, we document that the TCR significantly reduces tax avoidance among local SOEs.<!--> <!-->Heterogeneity analysis further indicates that this effect is more substantial for (1) SOEs with higher local government ownership, (2) firms located in regions where local governments exhibit greater fiscal reliance on SOEs, (3) areas with stronger government intervention, and (4) jurisdictions with higher fiscal decentralization. We also examine post-TCR dividend policies and find that local SOEs, reducing tax avoidance, subsequently cut cash dividends. Collectively, the TCR curbs local SOE tax avoidance by restricting local governments’ discretionary tax enforcement.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"22 1","pages":"Article 100541"},"PeriodicalIF":2.9,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145976196","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: 0
Selective optimism of analysts affiliated with mutual funds 共同基金分析师的选择性乐观
IF 2.9 3区 管理学
Journal of Contemporary Accounting & Economics Pub Date : 2026-04-01 Epub Date: 2025-12-28 DOI: 10.1016/j.jcae.2025.100535
Bobae Choi , Doowon Lee , Kyoungwon Mo
{"title":"Selective optimism of analysts affiliated with mutual funds","authors":"Bobae Choi ,&nbsp;Doowon Lee ,&nbsp;Kyoungwon Mo","doi":"10.1016/j.jcae.2025.100535","DOIUrl":"10.1016/j.jcae.2025.100535","url":null,"abstract":"<div><div>This study examines whether conflicts of interest induced by group affiliation between asset management companies (AMCs) and brokerage firms compromise the independence of the affiliated analysts’ forecasts. That is, we investigate whether affiliated analysts treat stocks held by mutual funds in the same chaebol group differently from other stocks. Our main results indicate that analyst forecasts are selectively optimistic about the stocks that are of the greatest interest to affiliated AMCs. Specifically, analysts produce more accurate forecasts for stocks held by affiliated AMCs in general, while their recommendations and forecasts become more optimistic and less accurate as the amount of funding invested in such stocks increases within a fund held by affiliated fund managers. Selective optimism is also found when the asset management fees are high and when those stocks are newly added to the funds held by affiliated fund managers.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"22 1","pages":"Article 100535"},"PeriodicalIF":2.9,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145924407","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: 0
Information security management and trade credit: evidence from Chinese listed firms 信息安全管理与贸易信用：来自中国上市公司的证据
IF 2.9 3区 管理学
Journal of Contemporary Accounting & Economics Pub Date : 2026-04-01 Epub Date: 2026-01-02 DOI: 10.1016/j.jcae.2026.100538
Yue Zhang, Yimeng Zhao, Ruoxuan Huang
{"title":"Information security management and trade credit: evidence from Chinese listed firms","authors":"Yue Zhang,&nbsp;Yimeng Zhao,&nbsp;Ruoxuan Huang","doi":"10.1016/j.jcae.2026.100538","DOIUrl":"10.1016/j.jcae.2026.100538","url":null,"abstract":"<div><div>Utilizing data from Chinese A-share listed firms from 2007 to 2023, this paper empirically examines the impact of information security management on trade credit. The research findings reveal that firms receive more trade credit after the implementation of the ISO 27001 certification. After conducting endogeneity tests and other robustness checks, the research findings remain consistent. Mechanism analysis shows that information security management increases trade credit primarily by reducing firm risk and improving firm bargaining power. Cross-sectional analysis demonstrates that the influence of information security management on trade credit is more pronounced in state-owned enterprises, firms that have experienced information security issues and firms with poorer corporate governance. Economic consequences analysis demonstrates that the facilitating effect of information security management on trade credit contributes to reducing the financialization level of<!--> <!-->firms.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"22 1","pages":"Article 100538"},"PeriodicalIF":2.9,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145924455","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: 0
Alternative data and corporate tax avoidance: Evidence from online sales disclosure in China 另类数据与企业避税：来自中国网络销售信息披露的证据
IF 2.9 3区 管理学
Journal of Contemporary Accounting & Economics Pub Date : 2026-04-01 Epub Date: 2025-11-20 DOI: 10.1016/j.jcae.2025.100526
Shangqun Liu , Qian Li
{"title":"Alternative data and corporate tax avoidance: Evidence from online sales disclosure in China","authors":"Shangqun Liu ,&nbsp;Qian Li","doi":"10.1016/j.jcae.2025.100526","DOIUrl":"10.1016/j.jcae.2025.100526","url":null,"abstract":"<div><div>We examine the impact of releasing alternative data on firm-level tax avoidance. By using the public release of firms’ online sales data in a prominent Chinese financial database as an exogenous shock, we find that corporate tax avoidance significantly decreases with the disclosure of such data. The transmission mechanism reveals that firms covered by online sales data exhibit less intertemporal income shifting and fewer abnormal related-party transactions. Further analyses show that the negative relation between online sales disclosure and corporate tax avoidance is more pronounced for firms with greater tax-planning capacity, higher market competition intensity, a larger proportion of online sales relative to revenue, and for non-state-owned enterprises. These insights provide novel avenues for identifying and mitigating managerial incentives and capabilities to engage in tax avoidance.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"22 1","pages":"Article 100526"},"PeriodicalIF":2.9,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145624488","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: 0
SEC enforcement and corporate lobbying 证交会执法和企业游说
IF 2.9 3区 管理学
Journal of Contemporary Accounting & Economics Pub Date : 2026-04-01 Epub Date: 2025-11-17 DOI: 10.1016/j.jcae.2025.100525
Daeun Lee
{"title":"SEC enforcement and corporate lobbying","authors":"Daeun Lee","doi":"10.1016/j.jcae.2025.100525","DOIUrl":"10.1016/j.jcae.2025.100525","url":null,"abstract":"<div><div>Using data on undisclosed SEC investigations, this study distinguishes between the SEC’s decision to select investigative targets (<em>investigation decision</em>) and its decision to pursue enforcement actions against those firms (<em>enforcement decision</em>). Then, it investigates how corporate lobbying relates to the different stages of the SEC enforcement process. First, this study finds that firms habitually engaged in lobbying activities are more likely to be investigated by the SEC. The association is pronounced for firms that lobby directly with the SEC. However, firms that increase lobbying expenditures, especially toward SEC-relevant committees in Congress, during an ongoing investigation are less likely to face enforcement actions. Further analysis suggests that the SEC is more likely to open investigations against lobbying firms during periods of resource constraints. Overall, the findings have implications for understanding resource allocation and regulatory dynamics within SEC enforcement.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"22 1","pages":"Article 100525"},"PeriodicalIF":2.9,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145624489","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: 0
Non-English textual analysis with large language models: Analysts’ use of MD&A sentiment in earnings forecasting 大型语言模型的非英语文本分析：分析师在收益预测中使用MD&A情绪
IF 2.9 3区 管理学
Journal of Contemporary Accounting & Economics Pub Date : 2026-04-01 Epub Date: 2025-11-20 DOI: 10.1016/j.jcae.2025.100524
Jaehee Jang, Xiaoying Wu
{"title":"Non-English textual analysis with large language models: Analysts’ use of MD&A sentiment in earnings forecasting","authors":"Jaehee Jang,&nbsp;Xiaoying Wu","doi":"10.1016/j.jcae.2025.100524","DOIUrl":"10.1016/j.jcae.2025.100524","url":null,"abstract":"<div><div>After a decade of research on the information content of firms’ financial disclosures, do analysts actually use this information? This study investigates whether analysts incorporate information from the Management Discussion and Analysis (MD&amp;A) sections of annual reports into their earnings forecasts. We also explore the effectiveness of Large Language Models (LLMs) for non-English text sentiment analysis, particularly where a traditional dictionary approach is impossible. We demonstrate that LLM-extracted sentiment is robust and mitigates concerns about look-ahead bias inherent in their training data. Analyzing MD&amp;A sections from South Korean firms, we find that positive sentiment is negatively associated with analyst earnings forecast errors, indicating that analysts do incorporate it into their forecasts. However, negative sentiment is positively associated with forecast errors, suggesting incomplete analyst response. Leveraging LLMs for textual sentiment analysis, our findings suggest that analysts partially, but not fully, utilize the textual sentiment of MD&amp;A sections in their earnings forecasts.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"22 1","pages":"Article 100524"},"PeriodicalIF":2.9,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145690963","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: 0
With happy we are more productive: Evidence from total factor productivity 快乐的人更有生产力：来自全要素生产率的证据
IF 2.9 3区 管理学
Journal of Contemporary Accounting & Economics Pub Date : 2026-04-01 Epub Date: 2025-12-31 DOI: 10.1016/j.jcae.2025.100536
Kun Su, Yixuan Fan, Jiahao Yan
{"title":"With happy we are more productive: Evidence from total factor productivity","authors":"Kun Su,&nbsp;Yixuan Fan,&nbsp;Jiahao Yan","doi":"10.1016/j.jcae.2025.100536","DOIUrl":"10.1016/j.jcae.2025.100536","url":null,"abstract":"<div><div>This study examines the relationship between local happiness and firm total factor productivity at the firm level. We find that local happiness is positively associated with firms’ total factor productivity. Our mechanism analysis indicates that local happiness improves firms’ total factor productivity by attracting human and capital resources, promoting labor productivity, and stimulating innovation. We also find that the positive effect of local happiness on total factor productivity is more pronounced in firms with low human capital, firms located in regions with advanced digital infrastructure, and in non-state-owned firms. Our research offers recommendations for governments on how to prioritize people’s well-being and achieve economic objectives.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"22 1","pages":"Article 100536"},"PeriodicalIF":2.9,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145883352","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: 0
Asset redeployability and fair value accounting 资产可重新部署性和公允价值会计
IF 2.9 3区 管理学
Journal of Contemporary Accounting & Economics Pub Date : 2026-04-01 Epub Date: 2025-11-26 DOI: 10.1016/j.jcae.2025.100529
Akhilesh Bajaj, Lori N.K. Leonard, Li Sun
{"title":"Asset redeployability and fair value accounting","authors":"Akhilesh Bajaj,&nbsp;Lori N.K. Leonard,&nbsp;Li Sun","doi":"10.1016/j.jcae.2025.100529","DOIUrl":"10.1016/j.jcae.2025.100529","url":null,"abstract":"<div><div>Accounting Standards Codification 820 (ASC 820), which addresses fair value measurement, mandates that companies categorize their fair value inputs, both assets and liabilities, into three distinct levels. Level 1 represents inputs derived from highly observable market prices, whereas Level 3 is based on data that is minimally observable. Examining a sample from 2008 to 2020, consisting of more than 30,000 firm-year observations, we identify a significant positive relation between asset redeployability and the use of Level 1 inputs, suggesting that firms with assets that can be easily repurposed tend to prefer these transparent valuation methods. On the other hand, we observe a significant negative relation between asset redeployability and the use of Level 3 inputs, implying that firms with flexible assets are less likely to depend on subjective or obscure valuation techniques. These results emphasize that businesses with more redeployable assets favor market-driven and objective inputs.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"22 1","pages":"Article 100529"},"PeriodicalIF":2.9,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145690964","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: 0
The constructive interaction between executive and judicial powers: Government-court coordination and corporate investment efficiency 行政与司法权力的建设性互动：政法协调与企业投资效率
IF 2.9 3区 管理学
Journal of Contemporary Accounting & Economics Pub Date : 2026-04-01 Epub Date: 2026-01-03 DOI: 10.1016/j.jcae.2026.100539
Pan Li , Yun Zhong , Han Yan
{"title":"The constructive interaction between executive and judicial powers: Government-court coordination and corporate investment efficiency","authors":"Pan Li ,&nbsp;Yun Zhong ,&nbsp;Han Yan","doi":"10.1016/j.jcae.2026.100539","DOIUrl":"10.1016/j.jcae.2026.100539","url":null,"abstract":"<div><div>The government-court coordination mechanism initiative represents an innovative strategy aimed at fostering high-quality economic development in China. This approach effectively addresses informational barriers among various governmental departments by merging the administrative resources of the government with the judicial resources of the courts, thereby enhancing collaborative governance between administrative and judicial entities. This paper presents an empirical analysis based on data from Chinese A-share listed companies spanning the years 2010 to 2024 utilizing a multi-point difference-in-differences (DID) methodology. The findings indicate that the government-court coordination mechanism exerts a significant positive influence on corporate investment efficiency. The mechanism test shows that the GCC mechanism improves the investment efficiency of firms by improving the business environment and optimizing the information environment. Additionally, a heterogeneity analysis reveals that the effects of the government-court coordination mechanism are more pronounced in cities characterized by lower fiscal pressure and stronger incentives for official promotions, as well as in non-state-owned enterprises and those facing competitive disadvantages. This paper not only empirically substantiates the critical role of the government-court coordination mechanism in improving corporate investment efficiency, serving as a notable example of governance innovation in China, but also offers valuable governance insights for other developing nations.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"22 1","pages":"Article 100539"},"PeriodicalIF":2.9,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145976128","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: 0
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