Journal of Contemporary Accounting & Economics最新文献

Stock price crashes and systematic risk 股价暴跌和系统性风险

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-09-26 DOI: 10.1016/j.jcae.2025.100509

Suvra Roy, Ben R. Marshall, Hung T. Nguyen, Nuttawat Visaltanachoti

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From stethoscopes to boardrooms: CEOs’ medical degree and merger performance 从听诊器到董事会：首席执行官的医学学位和并购绩效

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-09-25 DOI: 10.1016/j.jcae.2025.100508

Omer Unsal

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Functional industrial policy effects of the Belt and Road Initiative: evidence from digital innovation “一带一路”的功能性产业政策效应：来自数字创新的证据

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-09-19 DOI: 10.1016/j.jcae.2025.100506

Chang Xu , Jianguang Hu , Lu Li

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The spillover effects of auditor sanctions on clients: evidence from stock exchange comment letters in China 审计师制裁对客户的溢出效应：来自中国证券交易所意见书的证据

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-09-18 DOI: 10.1016/j.jcae.2025.100505

Xiao Gu , Yeng Wai Lau , Saidatunur Fauzi bin Saidin

{"title":"The spillover effects of auditor sanctions on clients: evidence from stock exchange comment letters in China","authors":"Xiao Gu , Yeng Wai Lau , Saidatunur Fauzi bin Saidin","doi":"10.1016/j.jcae.2025.100505","DOIUrl":"10.1016/j.jcae.2025.100505","url":null,"abstract":"<div><div>This study investigates the spillover effects of auditor sanctions on client firms. Using the DID model, results of listed Chinese A-share firms for the 2015–2022 period provide evidence of an adverse spillover effects of auditor sanctions where client firms have a higher probability of receiving exchange comment letters that are more severe, indicating that corporate regulators value the reputational damage of auditor sanctions. The spillover effects are more pronounced when auditor sanctions are more severe, news reports of sanction events are higher, or the audit firm is smaller. Additional analyses suggest that such adverse spillover effects are reflected in increased clients’ negative media attention and lower assessment of the quality of client firms’ accounting information. However, client firms’ online information disclosures on regulated, exchange interactive platforms can mitigate such adverse spillover effects. This study expands the boundaries of extant literature on the consequences of auditor sanctions in an emerging market and sheds light on how client firms can cope with the resultant reputation loss.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 3","pages":"Article 100505"},"PeriodicalIF":2.9,"publicationDate":"2025-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145117897","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

Auditors’ communication with the audit committee and audit opinion shopping 审核员与审核委员会的沟通和审核意见的选购

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-09-09 DOI: 10.1016/j.jcae.2025.100504

Yewon Kim , Jaehee Jo , Meeok Cho

引用次数: 0

The impact of product recalls on Non-GAAP reporting decisions 产品召回对非公认会计准则报告决策的影响

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-09-03 DOI: 10.1016/j.jcae.2025.100501

Hannah E. Richards , Yuan Shi , Hongkang Xu

引用次数: 0

Feedback effect of social media on corporate investment Efficiency: Evidence from Firm’s Twitter presence and engagement 社交媒体对企业投资效率的反馈效应：来自公司Twitter存在和参与的证据

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-09-01 DOI: 10.1016/j.jcae.2025.100503

Atul Singh , Vicki Wei Tang

{"title":"Feedback effect of social media on corporate investment Efficiency: Evidence from Firm’s Twitter presence and engagement","authors":"Atul Singh , Vicki Wei Tang","doi":"10.1016/j.jcae.2025.100503","DOIUrl":"10.1016/j.jcae.2025.100503","url":null,"abstract":"<div><div>We examine whether social media presence and engagement have a feedback effect on corporate investment efficiency. Utilizing 352 million responses from the corporate Twitter accounts of 2062 US firms, we find that both underinvesting and overinvesting firms deviate less from predicted investment levels after initiating presence on Twitter. Furthermore, the more engaged the followers are, the smaller the deviation from expected investment levels. The effects are robust to including information incorporated in stock prices and other information sources. Our findings provide evidence that managerial learning is one channel underlying the link between social media and corporate investment efficiency. Cross-sectional results suggest that the managerial learning effect is more pronounced for consumer-facing firms. We also find that underinvesting firms learn from their peers’ social media presence. Additionally, firms’ operational efficiency also improves, corroborating the <em>feedback</em> effect of social media. Additional tests rule out endogeneity-related issues.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 3","pages":"Article 100503"},"PeriodicalIF":2.9,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145018966","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

Executive compensation stickiness, social trust and enterprise innovation 高管薪酬粘性、社会信任与企业创新

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-09-01 DOI: 10.1016/j.jcae.2025.100502

Yafei Zu, Chenmin Ma, Qian Sun

引用次数: 0

From corporate emissions to financial statements: Understanding accounting conservatism in the wake of carbon risks 从企业排放到财务报表：了解碳风险后的会计稳健性

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-08-29 DOI: 10.1016/j.jcae.2025.100500

Farhana Islam , Sudipta Bose , Sammy Xiaoyan Ying , Syed Shams

{"title":"From corporate emissions to financial statements: Understanding accounting conservatism in the wake of carbon risks","authors":"Farhana Islam , Sudipta Bose , Sammy Xiaoyan Ying , Syed Shams","doi":"10.1016/j.jcae.2025.100500","DOIUrl":"10.1016/j.jcae.2025.100500","url":null,"abstract":"<div><div>We examine the relationship between carbon risk and accounting conservatism using 7,636 firm-year observations from 29 countries. Using firms’ carbon emissions as a proxy for carbon risk, we find that firms with higher carbon risk exhibit greater conditional accounting conservatism. However, this positive relationship is weaker in firms with stronger corporate governance and higher institutional ownership, suggesting that effective internal and external monitoring reduces the reliance on conservative reporting in response to carbon-related exposures. Further analysis shows that the relationship becomes more pronounced after the 2015 Paris Agreement. The effect is also stronger in countries with active emissions trading schemes (ETS), higher governance quality, and stakeholder-oriented business cultures. These findings offer timely and policy-relevant insights for regulators, standard-setters, and policymakers, particularly in light of the introduction of IFRS S2 by the International Sustainability Standards Board (ISSB), which mandates climate-related financial disclosures and emphasizes the importance of integrating carbon risk into core financial reporting practices.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 3","pages":"Article 100500"},"PeriodicalIF":2.9,"publicationDate":"2025-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145157516","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

When major customers matter: customer concentration and ESG rating disagreement 大客户重要时：客户集中度与ESG评级分歧

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-08-06 DOI: 10.1016/j.jcae.2025.100499

Zhenghao Chang , Hang Zhou , Mengyu Ruan , Qin Li

{"title":"When major customers matter: customer concentration and ESG rating disagreement","authors":"Zhenghao Chang , Hang Zhou , Mengyu Ruan , Qin Li","doi":"10.1016/j.jcae.2025.100499","DOIUrl":"10.1016/j.jcae.2025.100499","url":null,"abstract":"<div><div>The phenomenon of different ESG rating agencies evaluating the same firm’s ESG performance differently has attracted widespread attention. This study examines how customer concentration influences ESG rating disagreement using a sample of Chinese A-share listed companies spanning 2015–2022. Our findings demonstrate that customer concentration significantly increases ESG rating disagreement, with results remaining robust across various robustness tests. Dimensional analysis reveals that customer concentration exhibits a positive correlation with rating disagreements in the social (S) and governance (G) dimensions, while showing no significant relationship with disagreements in the environmental (E) dimension. Through mechanism testing, we identify three mechanisms: the quantity of ESG information disclosures, inventory turnover, and the stability of the top management team. Heterogeneity analysis further demonstrates that customer concentration exerts a more pronounced positive influence on ESG rating disagreement among firms operating in highly competitive industries, companies experiencing low supply and demand deviations, and industries significantly affected by supply chain dynamics. These findings contribute substantively to the literature examining both the role of customer concentration and the determinants of ESG rating disagreement from a supply chain perspective. The insights provided are crucial for understanding the mechanisms that influence sustainable development practices within firms.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 3","pages":"Article 100499"},"PeriodicalIF":2.9,"publicationDate":"2025-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144826708","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