Journal of Contemporary Accounting & Economics最新文献_第4页

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 : 2025-12-01 Epub 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":"2025-12-01","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

Pay inequality and firm performance 薪酬不平等与公司绩效

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-12-01 Epub Date: 2025-10-05 DOI: 10.1016/j.jcae.2025.100510

Neerav Nagar , Avinash Arya

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 : 2025-12-01 Epub 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":"2025-12-01","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

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 : 2025-12-01 Epub Date: 2025-09-01 DOI: 10.1016/j.jcae.2025.100502

Yafei Zu, Chenmin Ma, Qian Sun

引用次数: 0

Creditor rights and innovation: evidence from a quasi-natural experiment 债权与创新：来自准自然实验的证据

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-12-01 Epub Date: 2025-07-18 DOI: 10.1016/j.jcae.2025.100496

Aaraadhya Srivastava

{"title":"Creditor rights and innovation: evidence from a quasi-natural experiment","authors":"Aaraadhya Srivastava","doi":"10.1016/j.jcae.2025.100496","DOIUrl":"10.1016/j.jcae.2025.100496","url":null,"abstract":"<div><div>In 2016, the Government of India (GoI) implemented the Insolvency and Bankruptcy Code (IBC), a reform aimed at enhancing creditor rights by enabling creditors to swiftly ‘seize’ and ‘liquidate’ a defaulter’s assets within a defined timeframe. This reform was designed to strengthen creditor protections in India. Our study examines the impact of this reform on firm-level innovation. We hypothesize that creditor-friendly reforms improve access to debt capital, thereby encouraging firms to intensify their innovation activities. Utilizing an entropy-balanced difference-in-differences (Entropy-DiD) approach and leveraging pre-reform variation in firms’ ‘proportion of debt’ for identification, we find that firms with a lower pre-reform ‘proportion of debt’ increased their R&D investment by 29.4 % more than firms with a higher pre-reform ‘proportion of debt’ in the post-IBC period. Supporting our baseline result, we further document that this effect is stronger among more profitable firms within the ‘treated’ group. Our findings are robust to firm-level time-varying control variables, fixed effects for firm and industry by year, and a placebo test using a fictitious IBC promulgation year. These results indicate that stronger creditor rights foster an environment conducive to risk-taking, encouraging firms to pursue ventures that, while risky, hold significant potential for profitability. Consequently, our research highlights the welfare implications of creditor-friendly bankruptcy reforms, providing insights that could inform future policy decisions.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 3","pages":"Article 100496"},"PeriodicalIF":2.9,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144670440","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

Corrigendum to “Geographically dispersed signing auditors and audit quality” [J Contemp. Account. Econ. 21(3) (2025) 100493] “地域分散的签约审核员与审计质量”[J]。帐户。经济学。21(3)(2025)100493]

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-12-01 Epub Date: 2025-09-19 DOI: 10.1016/j.jcae.2025.100507

Tianyu Zhang

引用次数: 0

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 : 2025-12-01 Epub 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":"2025-12-01","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 : 2025-12-01 Epub Date: 2025-09-09 DOI: 10.1016/j.jcae.2025.100504

Yewon Kim , Jaehee Jo , Meeok Cho

引用次数: 0

Caste affiliation and M&A transactions in India 种姓关系和印度的并购交易

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-12-01 Epub Date: 2025-07-10 DOI: 10.1016/j.jcae.2025.100494

Ajit Dayanandan , Han Donker

{"title":"Caste affiliation and M&A transactions in India","authors":"Ajit Dayanandan , Han Donker","doi":"10.1016/j.jcae.2025.100494","DOIUrl":"10.1016/j.jcae.2025.100494","url":null,"abstract":"<div><div>This study examines the impact of caste networks in mergers and acquisitions (M&A) in India during the period 2000-2022. The study finds a strong association between the caste affiliation of the largest shareholders in acquirer and target companies in M&A transactions in India. Employing the event study methodology, the study finds that companies with dominant shareholders belonging to forward castes secure the highest incremental value among all the caste groups. The forward castes display weaker ties with shareholders from other social identities. Overall, our findings support the social identity, homophily, and in-group bias theories, which contend that people form and maintain social and economic connections with people who share their social identities. The M&A clusters in India are networked by caste identities and they try to overcome information asymmetry by relying on alternative channels such social identity. This research points to the need to complement existing markers of M&A like age, functional background, and professional experience of management with critical factors such as social identity like caste in decision-making and organizational outcomes.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 3","pages":"Article 100494"},"PeriodicalIF":2.9,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144623460","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

Digital mergers and acquisitions and corporate technological innovation: An analysis of innovation scale, efficiency and quality 数字化并购与企业技术创新：创新规模、效率和质量分析

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-12-01 Epub Date: 2025-10-24 DOI: 10.1016/j.jcae.2025.100513

Peng Liang , Qihang Zhao , Lin Liang

{"title":"Digital mergers and acquisitions and corporate technological innovation: An analysis of innovation scale, efficiency and quality","authors":"Peng Liang , Qihang Zhao , Lin Liang","doi":"10.1016/j.jcae.2025.100513","DOIUrl":"10.1016/j.jcae.2025.100513","url":null,"abstract":"<div><div>Digital mergers and acquisitions (M&A), characterized by efficiency, have become a crucial strategic approach for enterprises seeking to enhance digital competitiveness. This paper investigates the relationship between digital M&A and technological innovation among China’s A-share listed companies from 2010 to 2020. We find that, through the “talent synergy effect” and “knowledge synergy effect”, digital M&A can bolster corporate technological innovation. Further research finds that digital M&A significantly improves firms’ innovation efficiency, innovation quality, and digital technology innovation. The heterogeneity analysis reveals that the positive impact of digital M&A on technological innovation is more pronounced among firms with lower M&A premiums, traditional manufacturing firms, asset-intensive firms, non-digital firms, those with lower levels of digital investment, firms operating in highly competitive markets, and those located in eastern regions. This study enriches the literature on M&A and technological innovation, offering valuable insights for accelerating corporate digital transformation, optimizing resource allocation, and enhancing firms’ innovation capabilities.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 3","pages":"Article 100513"},"PeriodicalIF":2.9,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145415154","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