Review of Quantitative Finance and Accounting最新文献_第5页

Locally-rooted directors 扎根当地的导演

IF 1.7

Review of Quantitative Finance and Accounting Pub Date : 2024-04-14 DOI: 10.1007/s11156-024-01266-4

Axel Kind, Christophe Volonté

引用次数: 0

Eco-innovation and corporate waste management: The moderating role of ESG performance 生态创新与企业废物管理：环境、社会和治理绩效的调节作用

IF 1.7

Review of Quantitative Finance and Accounting Pub Date : 2024-04-14 DOI: 10.1007/s11156-024-01281-5

Khaldoon Albitar, Nohade Nasrallah, Khaled Hussainey, Yadong Wang

引用次数: 0

Book-to-market effect and product life cycle 账面市值效应和产品生命周期

IF 1.7

Review of Quantitative Finance and Accounting Pub Date : 2024-04-14 DOI: 10.1007/s11156-024-01270-8

Ming-Che Hu, Alex YiHou Huang, Yanzhi Wang, Dan-Liou Yu

引用次数: 0

Do board monitoring and audit committee quality help risky firms reduce CSR controversies? 董事会监督和审计委员会的质量是否有助于风险公司减少企业社会责任争议？

IF 1.7

Review of Quantitative Finance and Accounting Pub Date : 2024-04-13 DOI: 10.1007/s11156-024-01280-6

Cemil Kuzey, Habiba Al-Shaer, Ali Uyar, Abdullah S. Karaman

{"title":"Do board monitoring and audit committee quality help risky firms reduce CSR controversies?","authors":"Cemil Kuzey, Habiba Al-Shaer, Ali Uyar, Abdullah S. Karaman","doi":"10.1007/s11156-024-01280-6","DOIUrl":"https://doi.org/10.1007/s11156-024-01280-6","url":null,"abstract":"This study focuses on potential inhibiting and driving factors of corporate social responsibility (CSR) controversies including board monitoring intensity and audit committee quality with a particular focus on risky firms. We draw on agency, resource dependence, and slack financial resources theories to explain this association. Using an international sample between 2002–2019 and executing fixed-effects regression and Hayes’s moderation analysis methodology, we find that risky firms tend to commit more CSR controversies. Furthermore, CSR performance, firm complexity, and indebtedness exacerbate CSR controversies, whereas larger boards mitigate them. Moreover, while board monitoring intensity and audit committee quality do not prevent committing CSR controversies in absolute terms, they alleviate risky firms' CSR controversies tendency. The findings confirm agency theory and the monitoring function of the board in mitigating CSR controversies. In line with the resource dependence theory, audit committees’ independent members and members with different skills and expertise provide critical resources that help prevent CSR controversies.","PeriodicalId":47688,"journal":{"name":"Review of Quantitative Finance and Accounting","volume":"4 1","pages":""},"PeriodicalIF":1.7,"publicationDate":"2024-04-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140574769","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

Does the audit committee member’s accounting experience associated with key audit matter types? 审计委员会成员的会计经验是否与关键审计事项类型相关？

IF 1.7

Review of Quantitative Finance and Accounting Pub Date : 2024-04-12 DOI: 10.1007/s11156-024-01276-2

Ahmed Aboud, Hany Elbardan, Moataz El-Helaly, Amr Kotb

{"title":"Does the audit committee member’s accounting experience associated with key audit matter types?","authors":"Ahmed Aboud, Hany Elbardan, Moataz El-Helaly, Amr Kotb","doi":"10.1007/s11156-024-01276-2","DOIUrl":"https://doi.org/10.1007/s11156-024-01276-2","url":null,"abstract":"Using a narrow view of accounting experience, this study examines the relationship between accounting experience on audit committees (ACs) and key audit matters (KAMs) in the UK. In contrast to extant research, this study distinguishes between different types of accounting experience on AC and how this relates to different types of KAMs. We also address the effects of the interplay between accounting and supervisory experiences on KAMs. Using a sample from FTSE 350, we provide robust evidence that accounting experience on ACs is an important driver of extended audit reporting quality. Moreover, we find evidence that different types of accounting experience have mostly similar effects on different types of KAMs. Further, we show that AC members with prior supervisory experience complement the role of accounting experience. Nevertheless, this complementary relationship varies between types of KAMs. Overall, our study offers important insights regarding how accounting and supervisory experience on ACs is associated with the quality of KAMs reported in the extended reports. Our results are robust to alternative sampling, model specifications, and endogeneity concerns.","PeriodicalId":47688,"journal":{"name":"Review of Quantitative Finance and Accounting","volume":"14 1","pages":""},"PeriodicalIF":1.7,"publicationDate":"2024-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140574767","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

Robust portfolio strategies based on reference points for personal experience and upward pacesetters 基于个人经历和向上标杆的参考点，制定稳健的投资组合策略

IF 1.7

Review of Quantitative Finance and Accounting Pub Date : 2024-04-11 DOI: 10.1007/s11156-024-01273-5

Zongrun Wang, Tangtang He, Xiaohang Ren, Luu Duc Toan Huynh

{"title":"Robust portfolio strategies based on reference points for personal experience and upward pacesetters","authors":"Zongrun Wang, Tangtang He, Xiaohang Ren, Luu Duc Toan Huynh","doi":"10.1007/s11156-024-01273-5","DOIUrl":"https://doi.org/10.1007/s11156-024-01273-5","url":null,"abstract":"This study explores the concept of reference dependence in decision-making behavior, particularly in the realm of investment portfolios. Previous research has established that an individual’s own circumstances and societal surroundings play a pivotal role in shaping their perception of risk. However, there has been limited exploration into the dynamic nature of reference points in investment decision-making. To address this gap in the literature, the current study is aimed at investigating the performances of relevant dynamic reference points in investment portfolios. In doing so, the personal experience and upward pacesetter reference points are established, and a comparative robust portfolio model incorporating the CVaR measure is utilized. The impacts of different reference behaviors on the proposed portfolio model’s performance are also examined. Furthermore, to enhance the portfolio model’s out-of-sample performance, a scenario formation method that leverages clustering techniques is proposed. The performances of several clustering methods, including classic hierarchical and spectral clustering, as well as reciprocal-nearest-neighbors supported clustering, are compared. The empirical results indicate that the positive behavior of the personal experience reference point yields a better expected return, while the negative behavior exhibits a lower level of risk. Moreover, the results suggest that the utilization of spectral clustering can significantly improve the out-of-sample performance of the proposed robust portfolio model.","PeriodicalId":47688,"journal":{"name":"Review of Quantitative Finance and Accounting","volume":"248 1","pages":""},"PeriodicalIF":1.7,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140574768","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

Political landscape and liquidity of non-U.S. stocks from emerging markets 新兴市场非美股的政治格局和流动性

IF 1.7

Review of Quantitative Finance and Accounting Pub Date : 2024-04-08 DOI: 10.1007/s11156-024-01268-2

Jang-Chul Kim, Qing Su

引用次数: 0

Do markets value manager-investor interaction quality? Evidence from IPO returns 市场是否重视管理者与投资者互动的质量？来自 IPO 回报的证据

IF 1.7

Review of Quantitative Finance and Accounting Pub Date : 2024-04-08 DOI: 10.1007/s11156-024-01267-3

Shibo Bian, Iftekhar Hasan, Xunxiao Wang, Zhipeng Yan

引用次数: 0

Cash flow duration and market reactions to earnings announcements 现金流持续时间和市场对盈利公告的反应

IF 1.7

Review of Quantitative Finance and Accounting Pub Date : 2024-04-08 DOI: 10.1007/s11156-024-01269-1

Wenlian Gao

引用次数: 0

Shedding light on foreign currency cash flow hedges: transparency and the hedging decision 揭示外币现金流套期保值：透明度与套期保值决策

IF 1.7

Review of Quantitative Finance and Accounting Pub Date : 2024-04-07 DOI: 10.1007/s11156-024-01263-7

Han Jin, Beverly B. Marshall

{"title":"Shedding light on foreign currency cash flow hedges: transparency and the hedging decision","authors":"Han Jin, Beverly B. Marshall","doi":"10.1007/s11156-024-01263-7","DOIUrl":"https://doi.org/10.1007/s11156-024-01263-7","url":null,"abstract":"Utilizing firms in the S&P 500, we study whether greater transparency in the reporting of other comprehensive income (OCI) items, as mandated by ASU 2011-05, resulted in a reduction in information asymmetry, a change in the value relevance of this information, or a change in hedging practice. Our results show that while transparent reporting reduced information asymmetry, firms that engage in cash flow hedging do have greater information asymmetry than their counterparts that do not hedge. We find evidence that investors penalize firm value for greater volatility of OCI relative to net income volatility when reported transparently. When permitted, managers were able to mitigate the negative impact by reporting OCI only in the Statement of Shareholders’ Equity. We conclude that managers’ concerns regarding potential confusion surrounding OCI volatility following more prominent reporting led to changes in hedging behavior. After transparent reporting, we find a reduced likelihood of foreign currency cash flow (FXCF) hedges and a reduced level of FXCF hedging among firms experiencing the greatest volatility of unrealized hedging gains and losses.","PeriodicalId":47688,"journal":{"name":"Review of Quantitative Finance and Accounting","volume":"7 1","pages":""},"PeriodicalIF":1.7,"publicationDate":"2024-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140590677","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