Accounting Forum最新文献

{"title":"Are ex-military executives trustworthy? Evidence from audit fees","authors":"Xiaofeng Quan, Yun Ke, Linlin Zhang, Jinkang Zhang","doi":"10.1080/01559982.2021.1992152","DOIUrl":"https://doi.org/10.1080/01559982.2021.1992152","url":null,"abstract":"ABSTRACT\u0000 This study examines the association between firm executives’ ex-military backgrounds and audit fees. We find that auditors tend to charge lower fees from clients with ex-military executives than clients without ex-military executives. This finding holds for various robustness tests, including a change model using executive turnovers, instrumental variable estimation and a propensity score matching method. Further analyses indicate that the negative association between audit fees and military experience is more pronounced in non-state-owned entities, in more complex firms and firms with CEO/chairman duality. Finally, we show that firms with ex-military executives are more likely to have better information transparency and more minor internal control weakness, issue fewer financial restatements and are less likely to be involved in litigation. This suggests that the lower audit pricing can be partially attributed to reduced inherent and control risks. This paper demonstrates that executives’ life experiences can affect auditors’ risk perceptions and audit pricing.","PeriodicalId":47566,"journal":{"name":"Accounting Forum","volume":"28 1","pages":"47 - 72"},"PeriodicalIF":3.1,"publicationDate":"2021-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72711302","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Corporate governance regulation: a practice theory perspective","authors":"F. Nakpodia, Emmanuel Adegbite, Folajimi Ashiru","doi":"10.1080/01559982.2021.1995934","DOIUrl":"https://doi.org/10.1080/01559982.2021.1995934","url":null,"abstract":"ABSTRACT\u0000 Employing Bourdieu’s practice theory, this paper explores factors that influence corporate executives’ behaviour towards corporate governance regulation. Drawing insights from a weak institutional environment (Nigeria) and relying on a qualitative research methodology (semi-structured interviews with 31 executives), this research uncovers how nine nuanced situational and cultural field factors determine executives’ regulatory response to the severity of punishment, the certainty of penalties, and the cost–benefit compliance considerations. The study further explains how sequential rationalisation between the severity and certainty of punishment contributes to the regulatory apathy that executives exhibit. Theoretically, this study demonstrates how practice theory components (habitus, capital, and field) blend to establish executives’ regulatory practice.","PeriodicalId":47566,"journal":{"name":"Accounting Forum","volume":"46 1","pages":"73 - 98"},"PeriodicalIF":3.1,"publicationDate":"2021-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79348180","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Web-based sustainability reporting by family companies: the role of the richest European families","authors":"M. Palma, I. Lourenço, M. C. Branco","doi":"10.1080/01559982.2021.1979331","DOIUrl":"https://doi.org/10.1080/01559982.2021.1979331","url":null,"abstract":"ABSTRACT This study compares the sustainability reporting practices of family companies with those of their non-family counterparts and examines whether the former owned by billionaires engage differently with sustainability reporting compared to their counterparts. The empirical analysis is based on 360 companies from 17 European countries. A propensity score matching (PSM) procedure was adopted and we selected 180 family companies and 180 non-family companies. The former group includes 90 owned by European billionaires listed in the Forbes 2019 World Billionaires Ranking and 90 not owned by billionaires. Findings are consistent with the argument that family companies attach greater importance to sustainability reporting. Within the family company arena, findings reveal that greater prominence is attributed to sustainability issues on corporate websites when the family company’s CEO is a family member and the level of family ownership is lower. The results revealed mixed evidence regarding differences between family companies owned by billionaires and their counterparts. The prominence attributed to sustainability issues on corporate websites by family companies owned by European billionaires is greater than that of family companies not owned by billionaires, but only when using a less stringent measure of prominence. These findings emphasise the importance of exploring family companies as a heterogeneous group.","PeriodicalId":47566,"journal":{"name":"Accounting Forum","volume":"12 1","pages":"344 - 368"},"PeriodicalIF":3.1,"publicationDate":"2021-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90633590","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Do CEO social connections promote corporate malpractices? Evidence from classification shifting","authors":"Kamran Malikov, Sílvia Gaia","doi":"10.1080/01559982.2021.1975616","DOIUrl":"https://doi.org/10.1080/01559982.2021.1975616","url":null,"abstract":"ABSTRACT This paper examines the effect of CEOs’ external social connections with other executives and directors on classification shifting, a widespread malpractice that inflates core earnings by altering the presentation of income statement line items without affecting bottom-line income. Using a sample of 995 UK listed firms in the period 2005 to 2016 and relying on the assumptions of social capital theory and the rent-extraction perspective, we find that CEOs with a larger number of external connections are more likely to engage in classification shifting. Further results indicate that this phenomenon occurs particularly when well-connected CEOs are local and/or are in the early years of their service. Collectively, the results suggest that social connections promote corporate malpractices that are unlikely to cause reputational losses. Overall, we contribute to the literature by providing evidence that the social capital of the CEO is an important driver of classification shifting.","PeriodicalId":47566,"journal":{"name":"Accounting Forum","volume":"180 1","pages":"369 - 393"},"PeriodicalIF":3.1,"publicationDate":"2021-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76927694","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Contemporary accounting developments in China","authors":"Charles H. Cho, Zhongwei Huang, Donghui Li, Grantley Taylor","doi":"10.1080/01559982.2021.1992743","DOIUrl":"https://doi.org/10.1080/01559982.2021.1992743","url":null,"abstract":"This Special Issue originates from the Global Chinese Accounting Association’s (GCAA) 2nd Summit that took place at Nanjing Audit University in Nanjing, China on 2–3 November 2019. The GCAA was established in April 2018 in Perth, Western Australia. It is a non-profit organisation initiated by Chinese accounting academics and professionals from universities and corporations globally. This conference was designed to promote research linkages, industry connections, and global education. This conference provided accounting academics incredible opportunities to collaborate with editors from highly recognised journals such as Accounting Forum, and to meet experienced accounting researchers from around the world. Further, this event provided a fantastic opportunity to develop collaborations, further consolidating a growing network of Chinese and international researchers interested in accounting issues. While this Special Issue was in collaboration with the Summit, the Call for Papers was open and public, hence inviting any researcher interested in the Chinese context to submit a manuscript. It aimed to provide a high-quality outlet for presenting research insights and findings from various contemporary accounting developments in China. It is important to highlight that the COVID-19 pandemic (which began not long after the Summit and the Special Issue’s deadline) has made the editorial process difficult for everyone involved – particularly the authors and the reviewers whom we sincerely thank for their perseverance and support in the editorial process, respectively. Thanks to them, we have finally been able to complete the Special Issue in September 2021 with five papers passing the thorough and rigorous peer review process, and eventually accepted for publication. In the Call for Papers, we had stated that the Special Issue was particularly interested in “papers that explore unique Chinese features of accounting and auditing and the causes and consequences of these features, although comparative studies are also welcome” and “papers about innovative practices and theories of accounting and auditing developed in China”, and that it was “open to any theoretical paradigms and research approaches”. We had also specified that the Special Issue will “focus on the effects of recent social, economic and political reforms and technological advancements on accounting and auditing in China and their changing role in corporate management as well as social and economic development”. This collection of five papers provides a robust response to this call.","PeriodicalId":47566,"journal":{"name":"Accounting Forum","volume":"13 1","pages":"333 - 337"},"PeriodicalIF":3.1,"publicationDate":"2021-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74536512","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"An examination of comment letters concerning an increase in audit exemption thresholds. Evidence from Finland","authors":"E. Haapamäki","doi":"10.1080/01559982.2021.1974234","DOIUrl":"https://doi.org/10.1080/01559982.2021.1974234","url":null,"abstract":"ABSTRACT This study examines how interest groups have reacted to the suggested increase in the audit exemption thresholds in Finland. The results suggest that the lobbying opponents objected to the increase because of the benefits gained from the auditing of financial statements. Considerable reliance is placed on the audited accounts of Finnish small firms in maintaining societal functionality. Hence, the results are supported by the public interest theory. In contrast, the comment letters that supported the increase highlighted the need to follow international trends. The findings of the lobbying behaviour suggest that the interest groups collected information and strategically transferred it to the ministry with the objective of influencing the regulatory outcome. To conclude, this study contributes to a more detailed understanding of the role that the key arguments both for and against the proposed regulatory change played in the case of increasing the audit exemption thresholds. Finally, this study joins existing lobbying literature and contributes to this stream of research by shedding light on the importance of the argumentation strategies used in the Finnish case.","PeriodicalId":47566,"journal":{"name":"Accounting Forum","volume":"2003 1","pages":"394 - 420"},"PeriodicalIF":3.1,"publicationDate":"2021-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86236234","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The relationships of personal, social and demographic factors on Chinese auditors’ intentions to accept unethical engagements","authors":"R. Jiang, Y. Fan, G. Scully, Xinxin Jing","doi":"10.1080/01559982.2021.1975615","DOIUrl":"https://doi.org/10.1080/01559982.2021.1975615","url":null,"abstract":"ABSTRACT This study aims to investigate the personal and social influences on Chinese auditors’ intentions to accept unethical engagements when faced with ethical dilemmas. The theory of reasoned action (TRA) is employed as the theoretical basis for the investigation. Personal factors (i.e. ethical ideologies) and social factors (i.e. Chinese interpersonal relationships, termed guanxi) are included in the TRA model to examine auditors’ intentions. A survey methodology is utilised in this study. The results from a sample of 306 auditors from several cities in China show that auditors’ idealism is positively associated with their attitudes towards the rejection of questionable engagements; conversely, relativism is negatively associated with their attitudes towards the rejection of questionable engagements. In addition, auditors’ guanxi orientations (i.e. favour-seeking and rent-seeking) are negatively associated with subjective norms, which suggests that auditors are aware that their close personal relationships with clients could be in conflict with their colleagues’ or supervisors’ expectations. In the further tests, this study controls for the effects of gender and region on auditors’ ethical intentions. The results indicate that female auditors may be more sensitive to ethical issues than male auditors, and auditors in southern China might adopt a more independent and fair perspective when confronted with ethical dilemmas. The findings can help managers better understand personal and social factors that influence their employees’ moral reasoning and adopt proper measures to enhance auditors’ ethical intentions.","PeriodicalId":47566,"journal":{"name":"Accounting Forum","volume":"87 1","pages":"435 - 459"},"PeriodicalIF":3.1,"publicationDate":"2021-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76333603","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The audit expectation gap and strengthened independence standards in the European Union: measuring the effects of the new EU Directive","authors":"Begoña García-Hernández, Antonio Duréndez, A. Rojo-Ramírez","doi":"10.1080/01559982.2021.1954359","DOIUrl":"https://doi.org/10.1080/01559982.2021.1954359","url":null,"abstract":"ABSTRACT The European Union has addressed the moral hazard that auditors may present by doubly reinforcing auditor independence. This has been done through the formulation of a general principle of independence in conjunction with a preventive and sanctioning framework of safeguards and prohibitions. This article evaluates whether the audit expectation gap has provoked a shift towards increasing the protection of auditor independence. The Directive provides a new framework to harmonise and protect auditor independence in the EU. The article covers a gap in relation to the effects of new auditing regulations within the EU affecting the ethical problem of auditor independence and its connection to the audit expectation gap. A qualitative study addressed to a sample of 192 auditors has been developed. Following the structural equation modelling methodology (PLS-SEM), our results display evidence of a relationship between the audit expectation gap and auditor independence. Furthermore, the results show a mediating effect of new auditor safeguards and quality controls and a sanctioning system to protect independence when an audit expectation gap exists. The results also show that the more restrictive auditor prohibitions considered in the latest European reform have a positive effect on the protection of auditor independence.","PeriodicalId":47566,"journal":{"name":"Accounting Forum","volume":"12 1","pages":"264 - 286"},"PeriodicalIF":3.1,"publicationDate":"2021-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85232837","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Family ownership, family identity of CEO, and accounting conservatism: evidence from Taiwan","authors":"Hwa‐Hsien Hsu, S. Tsao, Che‐Hung Lin","doi":"10.1080/01559982.2021.1957542","DOIUrl":"https://doi.org/10.1080/01559982.2021.1957542","url":null,"abstract":"ABSTRACT This study investigates how variations in family ownership configurations and family identity of the CEO affect family firms’ accounting conservatism in the East Asian economy, Taiwan. To address this objective, this study extends the traditional agency perspective and employs a socioemotional wealth framework. Findings document that family ownership is positively associated with family firms’ accounting conservatism, whereas the degree of disparity between family cash flow and voting rights is negatively related to accounting conservatism. Additionally, family firms with a founder CEO are more likely to report conservatively than those with a descendent CEO. Our study expands the growing literature on how family owners’ corporate governance features affect financial reporting decisions.","PeriodicalId":47566,"journal":{"name":"Accounting Forum","volume":"123 1","pages":"315 - 343"},"PeriodicalIF":3.1,"publicationDate":"2021-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77071108","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Corporate value added tax avoidance","authors":"Junsheng Zhang, Zheng Huo, Yamin Zeng, Xiaojian Tang, Oliver M. Rui","doi":"10.1080/01559982.2021.1949180","DOIUrl":"https://doi.org/10.1080/01559982.2021.1949180","url":null,"abstract":"ABSTRACT Previous studies of corporate tax avoidance have focused exclusively on corporate income tax, an important tax for US firms in particular. Value added tax (VAT), which is a significant tax in other major economies in the world, is ignored in the literature. This paper examines corporate VAT avoidance behaviour in the context of China, where both corporate income tax and VAT are critical for firms. We develop a measure of corporate VAT avoidance and, using simultaneous equation regression, we find a complementary relationship between corporate income tax avoidance and VAT avoidance. This indicates that traditional studies that limit their focus to income tax may have underestimated the magnitude of firms’ tax avoidance. The negative effect of VAT avoidance on firm value supports extant arguments in the literature that the opaqueness caused by tax avoidance increase the agency cost between shareholders and managers.","PeriodicalId":47566,"journal":{"name":"Accounting Forum","volume":"15 1","pages":"338 - 362"},"PeriodicalIF":3.1,"publicationDate":"2021-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82301823","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}