Journal of Accounting Auditing and Finance最新文献

Auditor Choice and the Informativeness of 10-K Reports. 审计师的选择与 10-K 报告的信息量。

IF 1.4

Journal of Accounting Auditing and Finance Pub Date : 2024-04-01 Epub Date: 2021-12-15 DOI: 10.1177/0148558X211062430

Karel Hrazdil, Dan A Simunic, Nattavut Suwanyangyuan

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引用次数: 0

Shared Auditors in Private Lending 私人借贷的共同审计师

Journal of Accounting Auditing and Finance Pub Date : 2023-11-08 DOI: 10.1177/0148558x231202285

Petya Platikanova, Kazbi Soonawalla

引用次数: 0

The Effects of Changes in Tick Size and Tax Rates on the Tax-Timing Option and the Market Response to Stock Distributions 税收规模和税率变化对税收择时期权和市场对股票分配的反应的影响

Journal of Accounting Auditing and Finance Pub Date : 2023-10-14 DOI: 10.1177/0148558x231200920

Dean Crawford, Diana R. Franz, Collin Gilstrap, Gerald J. Lobo

引用次数: 0

The Orbital Dynamics of Auditor Firm Rotation: Implications for Auditor Independence and Audit Quality 审计师事务所轮换的轨道动力学:对审计师独立性和审计质量的影响

Journal of Accounting Auditing and Finance Pub Date : 2023-10-11 DOI: 10.5171/2023.173471

Delia DELIU, Andrei-Marius OLARIU

引用次数: 0

Public Disclosure of Tax Strategies and Firm’s Actual Tax Policy 税收策略公开披露与企业实际税收政策

Journal of Accounting Auditing and Finance Pub Date : 2023-10-09 DOI: 10.1177/0148558x231200913

Kay Blaufus, Janine K. Jarzembski, Jakob Reineke, Ilko Trenn

引用次数: 0

Do Family Firms Issue More Readable Annual Reports? Evidence From the United States 家族企业发布的年度报告是否更具可读性?来自美国的证据

Journal of Accounting Auditing and Finance Pub Date : 2023-09-30 DOI: 10.1177/0148558x231198894

Qunfeng Liao, Bin Srinidhi, Ke Wang

{"title":"Do Family Firms Issue More Readable Annual Reports? Evidence From the United States","authors":"Qunfeng Liao, Bin Srinidhi, Ke Wang","doi":"10.1177/0148558x231198894","DOIUrl":"https://doi.org/10.1177/0148558x231198894","url":null,"abstract":"Using a sample of 22,442 firm-year observations for 3,721 U.S. listed firms, we show that family firms, on average, issue annual reports with higher readability than non-family firms. Higher readability could occur due to lower obfuscation or less information conveyance. By controlling complexity and choosing readability measures linked to obfuscation, we attribute the higher readability to lower obfuscation. Our investigation into the heterogeneity in family firms shows that the positive effect of family control on reporting readability exists for eponymous family firms but not for non-eponymous family firms. We also find that family firms managed by founders or heirs issue more readable 10-K reports than non-family firms, but family firms managed by outsiders do not exhibit such a difference. Cross-sectional analyses show that the difference in readability between family and non-family firms diminishes for firms with more earnings manipulation, weaker board governance, and dual-class shares. Further, we find that investors perceive family firms’ annual reports with higher readability to be more informative. Finally, we use state-level succession tax cuts as an exogenous shock to link the higher readability to family insiders’ incentives and preferences. Our findings are consistent with the view that family insiders’ incentive to maintain family reputation contributes to lower obfuscation in 10-K narrative disclosures.","PeriodicalId":47160,"journal":{"name":"Journal of Accounting Auditing and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136280553","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

Analysts’ Institutional Client Catering and Reputation Tradeoff: Strategic Timing of Recommendations 分析师的机构客户迎合和声誉权衡:推荐的战略时机

Journal of Accounting Auditing and Finance Pub Date : 2023-09-30 DOI: 10.1177/0148558x231198895

Anna Agapova, Uliana Filatova

{"title":"Analysts’ Institutional Client Catering and Reputation Tradeoff: Strategic Timing of Recommendations","authors":"Anna Agapova, Uliana Filatova","doi":"10.1177/0148558x231198895","DOIUrl":"https://doi.org/10.1177/0148558x231198895","url":null,"abstract":"We examine whether sell-side analysts strategically time their favorable recommendations to cater to institutional investors while preserving analysts’ reputational capital. Although prior literature documents that analysts provide more positive recommendations for stocks that are part of their institutional clients’ (specifically, mutual funds’) portfolios, it does not explicitly address a reputation cost associated with such practice. Using a sample of analysts’ recommendations on U.S. firms for the 2002–2017 period, we document a pattern of analysts’ recommendations being more optimistic in the end month of a quarter and less optimistic in the beginning month of a quarter. This timing pattern ties to quarterly reporting periods of portfolio managers, with actively managed mutual funds’ holdings being affected the most. Analysts with Institutional Investor All-Star ranking do not engage in such stock recommendation timing practices. The market participants seem to believe rosy recommendations issued for stocks with more institutional holdings in the end month of a quarter with more positive cumulative abnormal returns to upgrade and downgrade recommendations. JEL classifications: G14, G24","PeriodicalId":47160,"journal":{"name":"Journal of Accounting Auditing and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136279569","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

Đánh giá nhu cầu của người tiêu dùng đối với các sản phẩm dệt may từ vật liệu mới Assessing consumer demand for textile products from new yarn materials 评估消费者对新材料纺织品的需求评估消费者对新纱线材料纺织品的需求

Journal of Accounting Auditing and Finance Pub Date : 2023-09-26 DOI: 10.59006/vnfa-jaa.0920236

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The Spillover of Shareholder Litigation Risk and Corporate Voluntary Disclosure 股东诉讼风险外溢与公司自愿披露

Journal of Accounting Auditing and Finance Pub Date : 2023-09-26 DOI: 10.1177/0148558x231194894

Senlin Miao, Mengchao Ai, John (Jianqiu) Bai, Ting Chen, Amy X. Sun

引用次数: 0

Sửa đổi Luật Kế toán đảm bảo các quy định đồng bộ, phù hợp với thông lệ quốc tế và điều kiện của Việt Nam Amending the accounting law to ensure synchronizing regulations, in accordance with international practices and Vietnam's conditions 修订《会计法》，确保法规的一致性，符合国际惯例和越南的条件，修订《会计法》，确保法规的一致性，符合国际惯例和越南的条件

Journal of Accounting Auditing and Finance Pub Date : 2023-09-16 DOI: 10.59006/vnfa-jaa.0920233

引用次数: 0