Journal of Contemporary Accounting & Economics最新文献_第10页

Corporate corruption and future audit fees: Evidence from a quasi-natural experiment 企业腐败与未来审计费用:来自准自然实验的证据

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2023-06-03 DOI: 10.1016/j.jcae.2023.100367

Juncheng Hu , Xiaorong Li , Zhong Wan

引用次数: 0

Mandatory R&D disclosure and analyst forecast Accuracy: Evidence from an emerging market 强制性研发披露与分析师预测准确性:来自新兴市场的证据

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2023-06-03 DOI: 10.1016/j.jcae.2023.100366

Baohua Liu , Dan Huang , Tao Chen , Kam C. Chan

引用次数: 0

Corporate governance, compensation mechanisms, and voluntary disclosure of carbon emissions: Evidence from Korea 公司治理、补偿机制和碳排放自愿披露:来自韩国的证据

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2023-04-10 DOI: 10.1016/j.jcae.2023.100361

Jiyoung Park , Jiyoon Lee , Jewon Shin

{"title":"Corporate governance, compensation mechanisms, and voluntary disclosure of carbon emissions: Evidence from Korea","authors":"Jiyoung Park , Jiyoon Lee , Jewon Shin","doi":"10.1016/j.jcae.2023.100361","DOIUrl":"10.1016/j.jcae.2023.100361","url":null,"abstract":"<div><p><span>We investigate the effects of incentive-alignment mechanisms on voluntary disclosure of carbon emissions<span> in Korea, a latecomer in incorporating environmental practices into business operations. We consider in particular the effects of corporate governance and compensation mechanisms. We find that international aspects of governance mechanisms, measured by foreign ownership and foreign subsidiaries, are positively associated with the likelihood that a firm discloses carbon emissions voluntarily as well as with the extent of the details included in such disclosures. Similarly, strong internal governance, measured by board independence and </span></span>gender diversity<span>, makes voluntary, detailed carbon emissions disclosures more likely. Moreover, firms that employ compensation schemes that explicitly align corporate social responsibility (CSR) with CEO pay and those that set carbon emissions targets, which may be used to define thresholds for CEO bonuses, are more likely to voluntarily disclose carbon emissions information and to do so more extensively. As such, both international influence and internal factors that affect corporate governance and compensation structures, all of which are well-known incentive-alignment mechanisms, play important roles in voluntary carbon emissions disclosure decisions in emerging markets.</span></p></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"19 3","pages":"Article 100361"},"PeriodicalIF":3.3,"publicationDate":"2023-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121789828","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: 3

Do insiders trade on innovation? 内部人士会利用创新进行交易吗?

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2023-04-01 DOI: 10.1016/j.jcae.2022.100350

Ibrahim Bostan, G. Mujtaba Mian

引用次数: 0

CEO inside debt holdings and credit ratings 首席执行官内部债务持有和信用评级

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2023-04-01 DOI: 10.1016/j.jcae.2022.100337

Mostafa Monzur Hasan , Ashrafee Hossain , Takdir Hossain

引用次数: 3

The value of the PCAOB’s international audit oversight on U.S. listed foreign companies: Evidence from an initial enforcement breakdown PCAOB对在美上市的外国公司的国际审计监督的价值:来自最初执行失误的证据

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2023-04-01 DOI: 10.1016/j.jcae.2022.100349

Tracy Gu , Yiqi Jiang , Dan Simunic

{"title":"The value of the PCAOB’s international audit oversight on U.S. listed foreign companies: Evidence from an initial enforcement breakdown","authors":"Tracy Gu , Yiqi Jiang , Dan Simunic","doi":"10.1016/j.jcae.2022.100349","DOIUrl":"https://doi.org/10.1016/j.jcae.2022.100349","url":null,"abstract":"<div><p>Using, as a natural experiment, the Public Company Accounting Oversight Board’s May 18, 2010, release stating that its oversight of certain foreign auditors had been denied, we examine investors’ early valuation of the PCAOB’s international audit oversight on U.S.-listed foreign companies. Comparing reactions for the release-exposed U.S.-listed foreign companies to reactions for other U.S.-listed foreign companies, we find a significant decline in the share values of the release-exposed companies. The decline is driven by companies with auditors from China; the on-list companies from the 19 on-list European jurisdictions do not experience significantly negative stock market reactions. Using difference-in-differences analyses of earnings response coefficients, abnormal stock returns and trading volumes surrounding earnings announcements, and analyst forecast dispersions, we find a decline in perceived financial reporting quality for the release-exposed foreign listings from China but not for the release-exposed companies from the 19 European jurisdictions—a finding in line with the results of the stock market reaction analyses. These results are consistent with the view that the PCAOB’s international inspection would create a net value for U.S.-listed companies from China.</p></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"19 1","pages":"Article 100349"},"PeriodicalIF":3.3,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49875398","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

Disclosure strategies for management earnings forecasts: The role of managerial compensation structures, overoptimism, and effort 管理层盈余预测的披露策略:管理层薪酬结构、过度乐观和努力的作用

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2023-04-01 DOI: 10.1016/j.jcae.2023.100351

Hao-Chang Sung , Shirley J. Ho

引用次数: 1

Predictors of revenue shifting and expense shifting: Evidence from an emerging economy 收入转移和费用转移的预测因素:来自新兴经济体的证据

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2023-04-01 DOI: 10.1016/j.jcae.2022.100339

Manish Bansal , Ashish Kumar , Asit Bhattacharyya , Hajam Abid Bashir

{"title":"Predictors of revenue shifting and expense shifting: Evidence from an emerging economy","authors":"Manish Bansal , Ashish Kumar , Asit Bhattacharyya , Hajam Abid Bashir","doi":"10.1016/j.jcae.2022.100339","DOIUrl":"https://doi.org/10.1016/j.jcae.2022.100339","url":null,"abstract":"<div><p>Prior literature established that managers engage in Revenue Shifting (RS) and Expense Shifting (ES) with an intent to report favourable operating performance; our paper extends such research in a new direction by investigating both forms based on the need, ease, and advantage of each form of shifting strategy. The study identifies firm-specific factors that incentivize firms to prefer RS over ES and vice-versa. We undertake a longitudinal study (2001–2019) using a sample size of 39,634 firm-years, enlisted in the Bombay Stock Exchange (BSE). Our results show that peer-performance, size, financial leverage, growth opportunities, accounting flexibility, and age of the firm are important determinants of RS and ES. Specifically, our results exhibit that large, levered, old, and high-growth firms are engaged in RS, whereas small, young, firms with lesser accounting flexibility, and firms operating below peer-performance are involved in ES. These results are robust to controlling for accruals earnings management, real earnings management, endogeneity, self-selection bias, and alternative measures of RS and ES. Our findings are helpful to auditors and investors in improving awareness of forms of classification shifting.</p></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"19 1","pages":"Article 100339"},"PeriodicalIF":3.3,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49875405","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: 9

Corporate lobbying: Resource-seeking or rent-seeking? Evidence from audit fees 企业游说:资源寻求还是寻租?来自审计费用的证据

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2023-04-01 DOI: 10.1016/j.jcae.2022.100341

Steven Yik-Pui Low , Yee-Boon Foo , Ferdinand A Gul

引用次数: 0

The unintended consequence of collateral-based financing: Evidence from corporate cost behavior 基于抵押品的融资的意外后果:来自企业成本行为的证据

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2023-04-01 DOI: 10.1016/j.jcae.2022.100338

Tongxia Li , Chun Lu , Zhihua Chen

引用次数: 0