Journal of Contemporary Accounting & Economics最新文献_第6页

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 : 2025-12-01 Epub Date: 2025-06-26 DOI: 10.1016/j.jcae.2025.100489

Shih-Chu Chou , Sunay Mutlu , Weiwei Wang

引用次数: 0

An examination of the effect of classification shifting on the perception of cost stickiness 分类转移对成本粘性感知的影响研究

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-08-01 Epub Date: 2025-05-11 DOI: 10.1016/j.jcae.2025.100474

Sabrina Gong , Heather A. Wier

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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 : 2025-08-01 Epub Date: 2025-05-15 DOI: 10.1016/j.jcae.2025.100475

Hui Liang James , Pornsit Jiraporn , Hongxia Wang

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Government fiscal stress and firms’ choice of affiliates 政府财政压力与企业对附属公司的选择

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-08-01 Epub Date: 2025-04-19 DOI: 10.1016/j.jcae.2025.100470

Jingxin Hu , Bin Liu , Tao Li , Lihua Yuan

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Does environmental information disclosure make financial markets more informative? Evidence from China 环境信息披露是否使金融市场更具信息性？来自中国的证据

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-08-01 Epub Date: 2025-04-01 DOI: 10.1016/j.jcae.2025.100468

Yongliang Yang , Jitao Zhang , Changting Song , Yingying Wu , Bingbing Zhang

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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 : 2025-08-01 Epub 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":"2025-08-01","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

CPA exam score and auditors’ salaries 注册会计师考试成绩和审计师工资

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-08-01 Epub Date: 2025-03-28 DOI: 10.1016/j.jcae.2025.100467

Pedro Ortín-Ángel , Stefan Sundgren , Ana Millán

{"title":"CPA exam score and auditors’ salaries","authors":"Pedro Ortín-Ángel , Stefan Sundgren , Ana Millán","doi":"10.1016/j.jcae.2025.100467","DOIUrl":"10.1016/j.jcae.2025.100467","url":null,"abstract":"<div><div>The research presents two competing views on the welfare effects of occupational licensing. One stream of literature suggests that licensing is a barrier to entry into professions, limiting competition and resulting in economic rents. A second stream suggests that they can increase well-being by alleviating information problems. We use data on CPAs’ salaries before and after certification to test these conflicting hypotheses. Consistent with the information-alleviation hypothesis, we find a positive correlation between performance on the CPA exam and auditors’ salaries after the exam but not before the exam when the competencies have developed. Furthermore, we find that the positive association is stronger for auditors working at Big 4 firms, younger auditors and male auditors. The abovementioned results indicate that auditors’ technical competencies are valued more highly by Big 4 firms than by non-Big 4 firms. After the CPA certification, we do not observe salary increases that are greater than expected based on previous years’ increases and auditors’ performance on the CPA exam, as the barrier-to-entry theoretical approach suggests. We discuss the implications of the results for the role of CPA regulation.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 2","pages":"Article 100467"},"PeriodicalIF":2.9,"publicationDate":"2025-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143768760","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

Supervision of not-for-profit minority institutional shareholder and annual report readability: Evidence from a quasi-natural experiment☆ 对非营利少数机构股东的监管与年度报告的可读性：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 : 2025-08-01 Epub Date: 2025-04-01 DOI: 10.1016/j.jcae.2025.100469

Liyi Zhu , Qian Sun , Wenyu Zhang , Jian Sun , Lidong Zheng

{"title":"Supervision of not-for-profit minority institutional shareholder and annual report readability: Evidence from a quasi-natural experiment☆","authors":"Liyi Zhu , Qian Sun , Wenyu Zhang , Jian Sun , Lidong Zheng","doi":"10.1016/j.jcae.2025.100469","DOIUrl":"10.1016/j.jcae.2025.100469","url":null,"abstract":"<div><div>In this study, we examine the efficacy of the China Securities Investor Services Center (CSISC), an advanced minority shareholder safeguard mechanism endorsed by the China Securities Regulatory Commission (CRSC), in promoting the quality of information disclosure. By utilizing a difference-in-differences analysis on the sample of Chinese listed companies, we find that CSISC shareholding improves the readability of annual reports. Additional analyses reveals that the impact of CSISC shareholding on the readability of annual reports is more pronounced with weaker internal and external governance supervision, poorer operational performance, stronger competitive intensity and senior management without a legal background. Our study contributes to the research related to the economic consequences of the CSISC exercise at the micro-enterprise level and the determinant of annual report readability. Furthermore, our findings hold significant implications for regulatory authorities aiming to enhance the investor protection system.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 2","pages":"Article 100469"},"PeriodicalIF":2.9,"publicationDate":"2025-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143777645","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 communicative value of key audit matters in M&As: The effect of performance commitments 并购中关键审计事项的沟通价值：绩效承诺的影响

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-08-01 Epub Date: 2025-02-26 DOI: 10.1016/j.jcae.2025.100464

Xiang Luo , Yi Luo , Jianan Zhou

{"title":"The communicative value of key audit matters in M&As: The effect of performance commitments","authors":"Xiang Luo , Yi Luo , Jianan Zhou","doi":"10.1016/j.jcae.2025.100464","DOIUrl":"10.1016/j.jcae.2025.100464","url":null,"abstract":"<div><div>Previous research suggests that including performance commitment contracts (PCs) in mergers and acquisitions (M&As) increases the post-acquisition risk of goodwill impairment. Using a sample of Chinese companies from 2017 to 2022, we find that M&As with PCs not only lead auditors to be more likely to disclose M&A-related key audit matters (KAMs) in audit reports but also result in these disclosures being less boilerplate. Moreover, KAMs related to M&As with PCs are more informative, as evidenced by higher cumulative absolute abnormal returns, greater abnormal trading volume, and lower share price synchronisation. Our findings further indicate that the negative relationship between PCs and the disclosure of boilerplate M&A-related KAMs is particularly pronounced when auditors face higher accountability risks or when they are more prudent or prioritise their professional reputations. Additionally, M&A-related KAMs with more detailed information attract greater attention from analysts and institutional investors. Overall, our results suggest that auditors, driven by professional diligence, enhance the communicative value of KAMs by disclosing non-boilerplate information, thereby facilitating the effective transmission of risk information in the capital market.</div></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"21 2","pages":"Article 100464"},"PeriodicalIF":2.9,"publicationDate":"2025-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143549829","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

Government subsidies and managerial slack: Evidence from China 政府补贴和管理懈怠：来自中国的证据

IF 2.9 3区管理学

Journal of Contemporary Accounting & Economics Pub Date : 2025-08-01 Epub Date: 2025-04-23 DOI: 10.1016/j.jcae.2025.100473

Haiyan Jiang , Kun Su , Ahsan Habib

引用次数: 0