Journal of Contemporary Accounting & Economics最新文献_第3页

Carbon emission regulation and corporate financing constraints: A quasi-natural experiment based on China’s carbon emissions trading mechanism 碳排放监管与企业融资约束：基于中国碳排放交易机制的准自然实验

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-12-20 DOI: 10.1016/j.jcae.2024.100452

Pengcheng Zhang , Jiayin Qi

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引用次数: 0

Does air pollution matter for audit process and audit outcomes? Evidence from China 空气污染对审计过程和审计结果有影响吗？来自中国的证据

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-12-19 DOI: 10.1016/j.jcae.2024.100451

Yaqian Wu , Jiyuan Li

{"title":"Does air pollution matter for audit process and audit outcomes? Evidence from China","authors":"Yaqian Wu , Jiyuan Li","doi":"10.1016/j.jcae.2024.100451","DOIUrl":"10.1016/j.jcae.2024.100451","url":null,"abstract":"<div><div>We investigate the impact of air pollution on audit process and audit outcomes using unique data from the Chinese capital market between 2013 and 2020. We find that auditors exert less effort in client firms located in cities with severe air pollution, leading to lower audit quality represented by a lower probability of and fewer audit adjustments. The cross-sectional analysis shows that auditors from Big 4 audit firms can mitigate the effect of air pollution on audit effort and audit quality. We also draw some interesting conclusions about the effect of auditors’ perceptions of air pollution variation in both spatial and time dimensions, and the impact of COVID-19. Our findings still hold in several robustness checks such as using alternative proxies, controlling for more fixed effects, considering mutual selection issues, employing regression discontinuity design, utilizing instrument variables method, and conducting placebo tests. Our study contributes to the emerging literature on behavioral finance by extending the research into ambient air pollution to the auditing context, provides new insights into the determinants of audit effort and audit quality, and has some implications for regulators.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 1","pages":"Article 100451"},"PeriodicalIF":2.9,"publicationDate":"2024-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143160676","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 unintended consequences of targeted poverty alleviation: Evidence from China 精准扶贫的意外后果：来自中国的证据

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-11-26 DOI: 10.1016/j.jcae.2024.100450

Jing Zhou , Lili Jiu , Oupin Tang , Po-Hsiang Yu

{"title":"The unintended consequences of targeted poverty alleviation: Evidence from China","authors":"Jing Zhou , Lili Jiu , Oupin Tang , Po-Hsiang Yu","doi":"10.1016/j.jcae.2024.100450","DOIUrl":"10.1016/j.jcae.2024.100450","url":null,"abstract":"<div><div>This study examines the effect of corporate targeted poverty alleviation (TPA) activities endorsed by Chinese governments on audit outcomes. We find that firms engaging in TPA activities are less likely to receive modified audit opinions (MAOs) relative to those without TPA activities and more TPA investments induce less MAO issuance, documenting an unintentional beneficial consequence of TPA. These findings are robust to a battery of sensitivity tests, including addressing endogeneity issues and ruling out the alternative explanation. Our cross-sectional results show that the negative relation between TPA and MAOs is more significant for firms audited by non-industry specialists and short-tenure auditors, non-state-owned enterprises (non-SOEs), and labor-intensive firms. We perform the mediation analyses and identify three potential channels- improved operating performance, enhanced information disclosure quality, and elevated reputation- through which TPA engagements influence the likelihood of receiving MAOs. Moreover, we find industrial development TPA has a more pronounced effect on audit outcomes due to its positive impact on firms’ business operations. Overall, our research documents an unintended consequence of firms’ TPA initiatives in mitigating audit risk. As a vital facet of policy-oriented CSR, TPA engagements exhibit unique characteristics compared to other CSR perspectives. Given its economic relevance and political features, our study contributes to this stream of research and offers implications for TPA initiatives.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 1","pages":"Article 100450"},"PeriodicalIF":2.9,"publicationDate":"2024-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143160679","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

Expanded auditor’s reports and voluntary disclosure 扩大审计报告和自愿披露范围

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-10-18 DOI: 10.1016/j.jcae.2024.100443

Wenxuan Huang , Weidong Xu , Donghui Li , Jiancheng (Duncan) Liu

{"title":"Expanded auditor’s reports and voluntary disclosure","authors":"Wenxuan Huang , Weidong Xu , Donghui Li , Jiancheng (Duncan) Liu","doi":"10.1016/j.jcae.2024.100443","DOIUrl":"10.1016/j.jcae.2024.100443","url":null,"abstract":"<div><div>Employing a panel sample of 5,090 firm-years from 981 UK firms during the period from 2010 to 2016, we investigate the impact of the implementation of expanded auditor’s reports (EARs) on corporate voluntary disclosure. We find that the likelihood and frequency of voluntary disclosure significantly decrease after the implementation of EARs. In addition, the <em>total</em> number of risks of material misstatement (RMMs) has no impact on voluntary disclosure after the implementation of EARs, while certain RMMs categories (i.e., entity rather than account risks, and firm-specific rather than industry-level risks) display a more pronounced impact on corporate voluntary disclosure. In further analysis, we find that the mandatory adoption of EARs increases the proportion of long-term forecasts, riches the content of voluntary disclosure, and elicits a more positive market response to the announcement of voluntary disclosure. Cross-sectional analyses show that the impact of the implementation of EARs on voluntary disclosure can be magnified by a higher level of media coverage, especially breaking news coverage. Our results remain valid after considering various robustness tests and selection bias concerns.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"20 3","pages":"Article 100443"},"PeriodicalIF":2.9,"publicationDate":"2024-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142533490","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

Long-term tax strategy and corporate acquisition payment structure: An analysis based on the book-tax tradeoff theory 长期税收战略与企业收购支付结构：基于账面税收权衡理论的分析

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-09-23 DOI: 10.1016/j.jcae.2024.100442

K. Hung Chan , Miao He , Phyllis Lai Lan Mo , Weiyin Zhang

引用次数: 0

Dividend signalling and investor protection: An international comparison 股利信号与投资者保护：国际比较

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-09-10 DOI: 10.1016/j.jcae.2024.100441

Xiaotong Deng , Sander De Groote , Chao Kevin Li

引用次数: 0

MD&A tone and stock returns MD&A 基调与股票回报

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-08-23 DOI: 10.1016/j.jcae.2024.100440

Wenjun Xue , Zhongzhi He , FeiFei Wang

引用次数: 0

The bright side of staggered boards: Evidence from labor investment efficiency 交错董事会的光明面：劳动力投资效率的证据

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-08-12 DOI: 10.1016/j.jcae.2024.100439

Anh-Tuan Le , Henry Hongren Huang , Trung K. Do

引用次数: 0

Acquisition experience over performance: Directorship prestige following M&As 收购经验重于业绩：并购后的董事声望

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-08-02 DOI: 10.1016/j.jcae.2024.100438

Martin Bugeja, Samir Ghannam, Davina Jeganathan, Yaowen Shan

引用次数: 0

Corporate reporting by cooperatives: Mapping the landscape and identifying determinants 合作社的企业报告：绘制前景图并确定决定因素

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-07-27 DOI: 10.1016/j.jcae.2024.100436

Karel Bodenstein Fouché , Fernando Polo-Garrido

{"title":"Corporate reporting by cooperatives: Mapping the landscape and identifying determinants","authors":"Karel Bodenstein Fouché , Fernando Polo-Garrido","doi":"10.1016/j.jcae.2024.100436","DOIUrl":"10.1016/j.jcae.2024.100436","url":null,"abstract":"<div><p>Cooperatives conform to a model that is different to what is normally understood to be an enterprise, with distinctive interpretations of property rights, governance, and values. A unique characteristic of cooperatives’ corporate reporting is it essentially addresses member-owners, and not shareholders. Despite this, most research has been performed from the perspective of investor-owned firms. The aim of this study is to obtain an understanding of the nature and extent of the adoption of corporate reporting conventions, and to identify the determinants of such adoptions by cooperatives, by means of ordinal regression and binary logistic models on a sample drawn from the Global Top 300 cooperatives. Despite the expectations implicit in the differences in the users of financial reports (cooperative members), there was a lack of cooperative-specific reporting in that the most common categories of published corporate reports are still annual reports and annual financial statements. Approximately half of the cooperatives publish environmental and social reports, governance reports and/or management reports, while only a miniscule number publish integrated reports. Results also suggest the stakeholder, legitimacy, institutional, transaction cost and agency theories help to explain the determinants for the of adoption of corporate reporting. We have identified common determinants (market, country and institutional factors) for the adoption of cooperative reporting, as well as idiosyncratic determinants that are unique to cooperative entities. We found that cooperatives with external shareholders are more likely to adopt environmental and social, management and governance reporting. Idiosyncratic determinants indicated that cooperatives who more assertively draw their attention to their identity are more likely to adopt annual reporting. Cooperatives who limit the distribution of profits to members only are also more likely to adopt management reporting.</p></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"20 3","pages":"Article 100436"},"PeriodicalIF":2.9,"publicationDate":"2024-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141852435","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