Advances in Accounting最新文献_第2页

Access to finance and cost stickiness: Evidence from anti-recharacterization laws 融资渠道与成本粘性：来自反重构法的证据

IF 1.2

Advances in Accounting Pub Date : 2025-04-16 DOI: 10.1016/j.adiac.2025.100816

Tongxia Li , Chun Lu , Lei Xu

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引用次数: 0

An empirical analysis of non-GAAP measures for high-litigation-risk industries 对高诉讼风险行业的非公认会计准则措施的实证分析

IF 1.2

Advances in Accounting Pub Date : 2025-04-15 DOI: 10.1016/j.adiac.2025.100813

Baizhou Chen , Robert Houmes , Daphne Wang

引用次数: 0

Principle-based accounting standards and earnings management in private hotel firms: The impact on government subsidies 原则会计准则与民营酒店盈余管理：对政府补贴的影响

IF 1.2

Advances in Accounting Pub Date : 2025-03-19 DOI: 10.1016/j.adiac.2025.100812

Panagiotis E. Dimitropoulos

{"title":"Principle-based accounting standards and earnings management in private hotel firms: The impact on government subsidies","authors":"Panagiotis E. Dimitropoulos","doi":"10.1016/j.adiac.2025.100812","DOIUrl":"10.1016/j.adiac.2025.100812","url":null,"abstract":"<div><div>Effective 2015, the new Hellenic Accounting Standards (HAS) introduced a principle-based financial reporting environment to the Greek business setting. The scope of this study is to examine the impact of new HAS on the accounting quality (earnings management and income smoothing behaviors) of private hospitality firms in Greece, and the subsequent effect on the granting of government subsidies. The empirical analysis used accounting data from 3928 unique hotel firms operating in Greece, over the period 2003–2018. Panel fixed effects and logit regression analysis indicated that the introduction of the new principle-based HAS contributed to an increase in earnings management and income smoothing behaviors of private hotel firms. Furthermore, the deterioration of accounting quality under the new HAS was more severe for medium and small hotel firms, relative to their larger counterparts. Furthermore, the subsequent increase of earnings management by small and medium sized firms was accompanied by an increase of government subsidies, suggesting that SMEs with reduced accounting quality were rewarded with higher government financing under the new accounting regime.</div></div>","PeriodicalId":46906,"journal":{"name":"Advances in Accounting","volume":"68 ","pages":"Article 100812"},"PeriodicalIF":1.2,"publicationDate":"2025-03-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143681503","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Does high audit quality mitigate a client firm's reliance on trade credit financing? 高审计质量是否减轻了客户公司对贸易信贷融资的依赖？

IF 1.2

Advances in Accounting Pub Date : 2025-03-17 DOI: 10.1016/j.adiac.2025.100811

Mohammad Hendijani Zadeh

引用次数: 0

Social capital and firm voluntary disclosure 社会资本与企业自愿披露

IF 1.2

Advances in Accounting Pub Date : 2025-02-28 DOI: 10.1016/j.adiac.2025.100810

William M. Cready , Yaqin Hu

引用次数: 0

IF 1.2

Advances in Accounting Pub Date : 2025-02-21 DOI: 10.1016/j.adiac.2025.100809

Sammy Hewa, Rajni Mala, Jinhua Chen, John Dumay

{"title":"Climate related disclosures and investor behaviour: An Australian study","authors":"Sammy Hewa, Rajni Mala, Jinhua Chen, John Dumay","doi":"10.1016/j.adiac.2025.100809","DOIUrl":"10.1016/j.adiac.2025.100809","url":null,"abstract":"<div><div>In this paper, we examine how climate-related disclosures impact investment decisions. Using a survey experiment and adopting both between-subjects and within-subjects designs, we developed three distinct firm scenarios: one where the firm did not disclose climate-related risks; the second where the firm disclosed climate-related risks only (following the Task Force on Climate-Related Financial Disclosures (TCFD) guidelines); and the third where the firm disclosed both climate-related risks and corresponding risk mitigation strategies (also in line with the TCFD guidelines). From our analysis of a sample of 96 stock market investors in Australia, the results show that the investors were inclined to commit more money to the two firms that disclosed climate-related risks than the firm that did not. Moreover, the most money was invested in the firm that disclosed both the risks and risk mitigation strategies, irrespective of the investment horizon. Further, we found no evidence that the investors' belief in climate change moderates the association between disclosure level and investors' investment decision. The study demonstrates the contemporary significance of climate change as a pertinent investment risk and the heightened importance investors are placing on companies to manage associated risks. The results also provide support for the decision usefulness of the TCFD guidelines, which have been fully incorporated into the mandatory sustainability reporting standards of the International Sustainability Standards Board.</div></div>","PeriodicalId":46906,"journal":{"name":"Advances in Accounting","volume":"68 ","pages":"Article 100809"},"PeriodicalIF":1.2,"publicationDate":"2025-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143465512","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Balance sheet strength in the oil and gas industry: Saving for a rainy day or making hay while the sun shines 油气行业的资产负债表实力：未雨绸缪或未雨绸缪

IF 1.2

Advances in Accounting Pub Date : 2025-02-08 DOI: 10.1016/j.adiac.2025.100806

Mark Anderson , Yan Ma , Han-Up Park

{"title":"Balance sheet strength in the oil and gas industry: Saving for a rainy day or making hay while the sun shines","authors":"Mark Anderson , Yan Ma , Han-Up Park","doi":"10.1016/j.adiac.2025.100806","DOIUrl":"10.1016/j.adiac.2025.100806","url":null,"abstract":"<div><div>We examine how a strategic emphasis on balance sheet strength relates to investment decisions and performance over time for firms operating in a cyclical environment. From a series of discussions with industry insiders and readings of disclosures for prominent oil and gas (O&G) companies in Canada, we identify two groups of upstream O&G firms based on how they match their resources and capabilities with the uncertainties posed by industry economic cycles. One group of firms borrows and invests aggressively when oil prices are strong and funds are available – “<em>making hay while the sun shines</em>”, while the other group grows conservatively to build and maintain balance sheet strength – “<em>saving for a rainy day</em>”. We use average cash flows to debt for each firm over time to measure emphasis on balance sheet strength and separate firms into <em>rainy day</em> and <em>making hay</em> companies. We leverage two steep price declines to observe the behavior of firms over industry cycles: one triggered by the widespread 2008 financial crisis and the other by a distinct and prolonged O&G industry downturn in 2014. While investment declined generally in both cases, we find that the decline in investment was significantly less for <em>rainy day</em> companies than <em>making hay</em> firms after the 2014 downturn. Across time, we find that <em>rainy day</em> companies make shrewder acquisitions and operate more efficiently than <em>making hay</em> companies. Nonetheless, the capital market rewards <em>making hay</em> companies with higher market valuation, but this is reduced in downturns.</div></div>","PeriodicalId":46906,"journal":{"name":"Advances in Accounting","volume":"68 ","pages":"Article 100806"},"PeriodicalIF":1.2,"publicationDate":"2025-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143350847","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Private lenders and borrowers' internal control-related private information 私人贷款人和借款人内部控制相关的私人信息

IF 1.2

Advances in Accounting Pub Date : 2025-02-07 DOI: 10.1016/j.adiac.2025.100808

Md Mahmudul Hasan

{"title":"Private lenders and borrowers' internal control-related private information","authors":"Md Mahmudul Hasan","doi":"10.1016/j.adiac.2025.100808","DOIUrl":"10.1016/j.adiac.2025.100808","url":null,"abstract":"<div><div>This study investigates the relationship between lenders' demand for management letters, which contain borrowers' private information regarding internal control, and the effectiveness of borrowers' internal controls. Since only material weaknesses in internal controls must be publicly disclosed, firms can publicly claim that their internal controls are effective even if they have deficiencies in internal controls but no material weaknesses. This study reveals that lenders are more likely to ask for management letters from borrowers who have revealed material weaknesses in their internal controls. The study also finds that lenders are more likely to ask for management letters from borrowers with financial distress and when borrowers are involved in risky activities like aggressive tax avoidance. In addition, firms with ineffective internal controls from whom lenders have demanded management letters are more likely to remediate their material weaknesses than those not subject to such demands. This study adds to the limited literature on how lenders use borrowers' private information in loan contract monitoring and how lenders can impact borrowers' internal controls without the contractual transfer of control rights.</div></div>","PeriodicalId":46906,"journal":{"name":"Advances in Accounting","volume":"68 ","pages":"Article 100808"},"PeriodicalIF":1.2,"publicationDate":"2025-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143349745","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Executive age, executive gender and financial statement comparability 高管年龄、高管性别和财务报表可比性

IF 1.2

Advances in Accounting Pub Date : 2025-01-06 DOI: 10.1016/j.adiac.2024.100805

Shadi Farshadfar , Laleh Samarbakhsh , Ismat Jahan

引用次数: 0

The impact of IFRS 16 on lessees' financial information: A single-industry study 国际财务报告准则第16号对承租人财务信息的影响：单一行业研究

IF 1.2

Advances in Accounting Pub Date : 2024-12-20 DOI: 10.1016/j.adiac.2024.100803

Ana Isabel Lopes , Daniela Penela

{"title":"The impact of IFRS 16 on lessees' financial information: A single-industry study","authors":"Ana Isabel Lopes , Daniela Penela","doi":"10.1016/j.adiac.2024.100803","DOIUrl":"10.1016/j.adiac.2024.100803","url":null,"abstract":"<div><div>This single-industry study responds to the IFRS Foundation's call to determine the effects of implementing IFRS 16 by analyzing the isolated post-implementation effect of IFRS 16 on lessee financial statements. Using real implementation data, the findings confirm the expected results of prior studies using estimated data, in that the implementation of IFRS 16 is the primary driver of statistically significant changes in assets, liabilities, EBIT, EBITDA, and financial expenses, resulting in major changes in the structure and liquidity ratios. Regarding profitability ratios, this study adds to the literature by demonstrating a statistically significant difference in ROA. Furthermore, while prior studies suggest that the interest coverage ratio would decrease, the use of real implementation data shows no statistically significant finding on this ratio; this indicates that the increase in EBITDA and interest expenses may cancel each other out, resulting in no impact on the coverage ratio. The results support the main criticism of IAS 17—that operating leases were improperly accounted for and consequently altered the picture of financial statements and ratios, which is a key source of information in valuing companies. This single-industry study, one of the more extensive IFRS Foundation 2016 studies, is the first to use real IFRS 16 adoption data, providing substantial results regarding the impact of this standard on the financial statements of publicly traded companies. These results encourage further research using similar approaches with broader sample sizes.</div></div>","PeriodicalId":46906,"journal":{"name":"Advances in Accounting","volume":"68 ","pages":"Article 100803"},"PeriodicalIF":1.2,"publicationDate":"2024-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143128678","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0