Journal of Contemporary Accounting & Economics最新文献

Does key audit matters (KAMs) disclosure affect corporate financialization? 关键审计事项（KAMs）披露是否影响公司金融化？

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-06-30 DOI: 10.1016/j.jcae.2025.100491

Yan Zhao, Kun Su, Yiming Xu

引用次数: 0

Analysts’ revenue forecasts and discretionary revenues 分析师的收入预测和可自由支配的收入

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-06-26 DOI: 10.1016/j.jcae.2025.100489

Shih-Chu Chou , Sunay Mutlu , Weiwei Wang

引用次数: 0

Does diverse tax planning reduce tax risk? 多样化的税收筹划能降低税收风险吗？

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-06-22 DOI: 10.1016/j.jcae.2025.100490

Kimberly S. Krieg , John Li

{"title":"Does diverse tax planning reduce tax risk?","authors":"Kimberly S. Krieg , John Li","doi":"10.1016/j.jcae.2025.100490","DOIUrl":"10.1016/j.jcae.2025.100490","url":null,"abstract":"<div><div>We investigate the relationship between diverse tax planning and a firm’s level of tax risk. Prior studies have suggested that firms face a trade-off between engaging in tax avoidance and managing exposure to tax risk, defined as the volatility of future tax outcomes. We propose that firms may be able to achieve both objectives by diversifying their portfolios of tax avoidance strategies. We create two measures of diversification based on two different ways of measuring tax avoidance. Using these two measures, we find that tax strategy diversification benefits firms in two ways. First, when holding the level of tax avoidance constant, increasing diversification reduces the firm’s exposure to tax risk. Second, when firms increase their level of tax avoidance, having higher diversification mitigates the impact of the increased tax avoidance on their tax risk exposure. Our study highlights the benefits of firms engaging in a diverse portfolio of tax strategies and shows that the relationship between tax avoidance and tax risk is contingent on the firm’s diversification, which may provide an explanation for the mixed evidence found in prior literature.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 3","pages":"Article 100490"},"PeriodicalIF":2.9,"publicationDate":"2025-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144500996","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 effects of government policies during the COVID-19 pandemic on earnings management COVID-19大流行期间政府政策对盈余管理的影响

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-06-21 DOI: 10.1016/j.jcae.2025.100486

Raden Roro Widya Ningtyas Soeprajitno, Ainun Na'im, Fuad Rakhman

{"title":"The effects of government policies during the COVID-19 pandemic on earnings management","authors":"Raden Roro Widya Ningtyas Soeprajitno, Ainun Na'im, Fuad Rakhman","doi":"10.1016/j.jcae.2025.100486","DOIUrl":"10.1016/j.jcae.2025.100486","url":null,"abstract":"<div><div>This study examines the effects of government policies in response to the COVID-19 pandemic on management decisions on earnings. While existing studies usually treat a crisis as a single event, in this study, we disentangle the two contrasting forces typically present during a crisis, one increasing and the other decreasing the severity of the crisis. We use the government policy BSG index issued by the University of Oxford COVID-19 Project to identify these types and to measure the extent of the policies issued by governments worldwide during the COVID-19 pandemic that affect the uncertainty about the future of business and the economy. Our sample includes public firms from 74 countries, with a total observation of 57,758 firm-years from 2020 to 2022. We find that different policies have different effects on earnings management. Specifically, our results show that containment policies reduce earnings management while economic policies increase earnings management. This study contributes to the literature on how government policies and prolonged economic shocks, such as the COVID-19 pandemic, affect earnings management. We believe that our ability to disentangle the two contrasting forces in a crisis and separately examine their effects on earnings management is the novelty of this study. Our results provide policymakers with insights into the impact of the governments’ policies on management decisions, especially on reported earnings.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 3","pages":"Article 100486"},"PeriodicalIF":2.9,"publicationDate":"2025-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144556724","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

Do integrated report readability and tone convey value relevant information? International evidence 综合报告的可读性和语气是否传达了有价值的相关信息？国际证据

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-06-20 DOI: 10.1016/j.jcae.2025.100488

Amir Hossain , Sudipta Bose , Abul Shamsuddin

{"title":"Do integrated report readability and tone convey value relevant information? International evidence","authors":"Amir Hossain , Sudipta Bose , Abul Shamsuddin","doi":"10.1016/j.jcae.2025.100488","DOIUrl":"10.1016/j.jcae.2025.100488","url":null,"abstract":"<div><div>Integrated reporting (IR) holistically integrates material financial and non-financial information concisely and cohesively to provide value-relevant information to capital providers. This study examines the effect of integrated report readability and tone on the market value of equity. Using 2,707 firm-year observations across 41 countries, we find that having a more readable and optimistic tone in integrated reports positively affects the market value of equity. This positive association between readability and tone with market value of equity is particularly pronounced in firms with higher institutional ownership. This relationship is further amplified in stakeholder-oriented countries, countries where English is not the official language, and financially opaque environments. Additionally, the information content of integrated report readability and tone shows a positive association with the market value of equity. Given that firms have been gradually adopting IR practices to create sustainable value, the findings of this study are of significance to regulators, standard-setters, policy makers, investors and firms.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 3","pages":"Article 100488"},"PeriodicalIF":2.9,"publicationDate":"2025-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144571728","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

Product market competition and R&D disclosure transparency: evidence from earnings communication conferences in China 产品市场竞争与研发披露透明度：来自中国盈余沟通会议的证据

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-06-16 DOI: 10.1016/j.jcae.2025.100487

Mengshu Hao , Yuan He

引用次数: 0

Pulling back the curtain, does news about a firm’s economic events before the earnings announcement help investors contextualize earnings surprise? 拉开帷幕，在公司公布收益之前，有关公司经济事件的新闻是否有助于投资者理解收益意外的背景？

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-06-01 DOI: 10.1016/j.jcae.2025.100478

Justin Deng

{"title":"Pulling back the curtain, does news about a firm’s economic events before the earnings announcement help investors contextualize earnings surprise?","authors":"Justin Deng","doi":"10.1016/j.jcae.2025.100478","DOIUrl":"10.1016/j.jcae.2025.100478","url":null,"abstract":"<div><div>This paper examines how news released throughout the prior quarter helps investors contextualize future earnings surprises. I find that news detailing specific firm events, or “event-based news releases,” in the quarter leading up to the earnings announcement reduces post-earnings announcement drift (+2, +60), but, interestingly, that Form 8-Ks are <em>in</em>effective in reducing this mispricing. To investigate this difference, I find that event-based news releases without an associated Form 8-K are much more likely to disclose events related to the firm’s core operations and specifically product and client announcements compared with event-based news releases that have an associated Form 8-K. I also compare total news releases with event-based news releases and find that event-based news releases specifically are associated with a reduction in post-earnings announcement drift. Lastly, I find that event-based news releases are more effective at reducing drift for firms with less disaggregated income statements and prior to the filing of the Form 10-Q/Form 10-K.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 3","pages":"Article 100478"},"PeriodicalIF":2.9,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144239383","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

Organisation capital: A key asset for mitigating firm-level climate change exposure 组织资本：减轻企业层面气候变化风险的关键资产

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-05-31 DOI: 10.1016/j.jcae.2025.100477

Chen Zheng, Zhiyue Sun

引用次数: 0

Audit implications of major customer diversity 主要客户多样性的审计含义

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-05-20 DOI: 10.1016/j.jcae.2025.100476

Xiao Chen , Narisa Tianjing Dai , Leo Jiahe Liu

{"title":"Audit implications of major customer diversity","authors":"Xiao Chen , Narisa Tianjing Dai , Leo Jiahe Liu","doi":"10.1016/j.jcae.2025.100476","DOIUrl":"10.1016/j.jcae.2025.100476","url":null,"abstract":"<div><div>This study introduces a novel measure, major customer diversity, to capture the heterogeneity in firms’ major customer bases, and examines its implications for audit practices. While engaging with heterogeneous major customers may help firms stabilize revenues and mitigate overstocking costs, we argue that such diversification increases auditors’ perceived business risk and the complexity of audit procedures. Our empirical findings indicate that major customer diversity is positively and significantly related to audit pricing, suggesting that auditors incorporate this dimension into their risk assessments and fee structures. Furthermore, we find that this effect is amplified when firms exhibit high dependence on major customers or operate with greater complexity. Additional analyses demonstrate that major customer diversity has broader implications for financial reporting outcomes, including shorter audit report lags, reduced discretionary accruals, a higher likelihood of financial restatements, and a decreased probability of receiving going-concern opinions. Moreover, firms with diversified major customers tend to hold less accounts receivables and finished goods and form greater investments in works-in-process and raw materials and customer-specific assets (e.g., property, plant, and equipment), indicating the leveling of liquidity and operational risks.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 2","pages":"Article 100476"},"PeriodicalIF":2.9,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144115940","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

CEO tenure and labor investment efficiency CEO任期与劳动投资效率

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-05-15 DOI: 10.1016/j.jcae.2025.100475

Hui Liang James , Pornsit Jiraporn , Hongxia Wang

引用次数: 0