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

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

Human capital quality and cash holdings 人力资本质量和现金持有量

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-07-25 DOI: 10.1016/j.jcae.2024.100437

Harshali Damle , Rajesh Kumar Sinha

引用次数: 0

Environmental and social disclosure, managerial entrenchment, and investment efficiency 环境和社会信息披露、管理控制和投资效率

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-07-05 DOI: 10.1016/j.jcae.2024.100435

Hong Kim Duong , Ying Wu , Eduardo Schiehll , Hong Yao

引用次数: 0

Can the registration system reform improve the disclosure quality?——Evidence from the ChiNext board 注册制改革能否提高信息披露质量？

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-05-28 DOI: 10.1016/j.jcae.2024.100426

Xihao Wu, Yuezhe Shen, Yani Sun

引用次数: 0

Corporate carbon performance and firm risk: Evidence from Asia-Pacific countries 企业碳绩效与公司风险：来自亚太国家的证据

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-05-21 DOI: 10.1016/j.jcae.2024.100427

Eltayyeb Al-Fakir Al Rabab’a , Afzalur Rashid , Syed Shams , Sudipta Bose

{"title":"Corporate carbon performance and firm risk: Evidence from Asia-Pacific countries","authors":"Eltayyeb Al-Fakir Al Rabab’a , Afzalur Rashid , Syed Shams , Sudipta Bose","doi":"10.1016/j.jcae.2024.100427","DOIUrl":"https://doi.org/10.1016/j.jcae.2024.100427","url":null,"abstract":"<div><p>This study examines the association between corporate carbon performance (CCP) and firm risk using a sample of 9,212 firm-year observations from 13 countries in the Asia-Pacific region over the period 2002–2021. We also examine the moderating role of the quality of country-level governance in the association between CCP and firm risk. We find that CCP is negatively associated with a firm’s total, idiosyncratic and systematic risk and that country-level governance quality accentuates the negative association between CCP and firm risk. We also find that country-level business culture, emissions trading schemes, climate change performance and attention to carbon emissions accentuate the negative association between CCP and firm risk. Given the growing demands from regulatory bodies for increased transparency on carbon performance, the insights gained from our research hold significant relevance for regulators, policy makers, investors, financial analysts, scholars and businesses.</p></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"20 2","pages":"Article 100427"},"PeriodicalIF":3.3,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1815566924000274/pdfft?md5=4f6d0882944baf478b6cc7f969e9ef60&pid=1-s2.0-S1815566924000274-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141095667","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Investigating the joint effect of competitive strategies and pay gap on ESG performance 调查竞争战略和薪酬差距对环境、社会和公司治理绩效的共同影响

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-05-18 DOI: 10.1016/j.jcae.2024.100419

Johnny Jermias , Fereshteh Mahmoudian

{"title":"Investigating the joint effect of competitive strategies and pay gap on ESG performance","authors":"Johnny Jermias , Fereshteh Mahmoudian","doi":"10.1016/j.jcae.2024.100419","DOIUrl":"https://doi.org/10.1016/j.jcae.2024.100419","url":null,"abstract":"<div><p>We investigate the joint effect of competitive strategies and the pay gap on ESG performance. We employ the Principal Component Analysis (PCA) to derive the two competitive strategies, namely product differentiation and cost leadership. Based on data from firms listed in S&P1500 from 2000 to 2022, and using the Three Stage Least Square (3SLS) model, we hypothesize and find that cost leadership companies have a negative relationship with ESG performance, and the pay gap exacerbates this negative relationship. In contrast, we predict and find that product differentiation companies have a positive relationship with ESG performance, and the pay gap makes this positive relationship more pronounced. Overall, we contribute to the literature and managerial practices in three ways. First, we contribute to the literature on the pay gap by considering the company’s competitive strategy, an important variable that previous studies tend to ignore. The findings of our study suggest that researchers need to consider competitive strategy when investigating the relationship between the pay gap and ESG performance. Second, our study uses ESG performance rather than financial performance as the dependent variable. As such, our study contributes to the limited literature on the relationship between the pay gap and ESG performance. Finally, for practice, our study sheds an important light on understanding the strategic reasons underlying managers’ motivation to invest in ESG activities.</p></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"20 2","pages":"Article 100419"},"PeriodicalIF":3.3,"publicationDate":"2024-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141084723","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

Impact of target firm’s social performance on acquisition premiums 目标公司的社会绩效对收购溢价的影响

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-03-21 DOI: 10.1016/j.jcae.2024.100417

Mahfuja Malik , Md Al Mamun

引用次数: 0

Pretending to be sustainable: Is ESG disparity a symptom? 假装可持续：ESG 差异是一种症状吗？

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-03-21 DOI: 10.1016/j.jcae.2024.100418

Gabriel de la Fuente, Pilar Velasco

{"title":"Pretending to be sustainable: Is ESG disparity a symptom?","authors":"Gabriel de la Fuente, Pilar Velasco","doi":"10.1016/j.jcae.2024.100418","DOIUrl":"10.1016/j.jcae.2024.100418","url":null,"abstract":"<div><p>This study investigates a novel dimension of ESG (environmental, social, and governance), namely the degree of inequality in the distribution of a firm’s overall ESG performance across the three pillars. By grounding our arguments on the agency theory, we argue that such a dimension can discern the degree of authenticity of managers’ ESG awareness. A more unequal distribution might be due to a discretionary and self-interested adoption of ESG principles in order to win the favour of key stakeholders. Using a sample of U.S. listed companies, we provide empirical evidence that disparity in ESG scores between pillars detracts value from ESG engagement. Moreover, such a negative moderating effect worsens in companies that are more prone to agency problems (e.g. higher cash holdings), lack ESG-based compensation, have lower leverage, and are more exposed to the investor spotlight (e.g. higher analyst coverage). Overall, our findings suggest the importance of accounting for managerial motivations to engage in ESG and support the idea that a lower perceived authenticity of these programmes results in lower value outcomes.</p></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"20 2","pages":"Article 100418"},"PeriodicalIF":3.3,"publicationDate":"2024-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1815566924000183/pdfft?md5=6d88fe8b736bc653f1d132958c4dc294&pid=1-s2.0-S1815566924000183-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140276379","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Corporate carbon reduction and tax avoidance: International evidence 企业减碳与避税：国际证据

IF 3.3 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2024-03-15 DOI: 10.1016/j.jcae.2024.100416

Zhi-Yuan Feng , Ying-Chieh Wang , Wen-Gine Wang

{"title":"Corporate carbon reduction and tax avoidance: International evidence","authors":"Zhi-Yuan Feng , Ying-Chieh Wang , Wen-Gine Wang","doi":"10.1016/j.jcae.2024.100416","DOIUrl":"https://doi.org/10.1016/j.jcae.2024.100416","url":null,"abstract":"<div><p>Using data on firms’ carbon emissions in 28 countries, we document that a firm’s initiation of carbon reduction activities relates to lower tax payments. This result endorses a perception of legitimacy theory suggesting that companies can gain legitimacy with tax authorities by adopting carbon reduction strategies. Our study also shows that the positive relationship between lower tax payments and a firm’s carbon reduction leads to higher Return on Assets (ROA), particularly for firms with lower operating performance. Moreover, our study documents that firms that engage in carbon reduction activities can mitigate their tax burden in countries that impose a carbon tax, have higher media freedom, judicial independence, and robust legal systems. These various institutions within a country can influence the relationship between a company’s carbon emission reductions, lower tax payments, and its overall performance. Our findings are robust even when using alternative measures of carbon emissions, control variables for corporate social responsibility, and the entropy-balance or propensity score matching sample.</p></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"20 2","pages":"Article 100416"},"PeriodicalIF":3.3,"publicationDate":"2024-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140163764","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