British Accounting Review最新文献

Do investor reactions to merger announcements shape the writing of SEC filings? 投资者对合并公告的反应是否会影响 SEC 文件的撰写？

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-05-01 DOI: 10.1016/j.bar.2024.101498

Nihat Aktas, Eric de Bodt, Can Deniz Dogan

引用次数: 0

COVID-19 pandemic and audit quality COVID-19大流行与审计质量

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-05-01 DOI: 10.1016/j.bar.2024.101504

Bingxuan Lin , Liansheng Wu , Yimin Zhang , Jian Zhou

引用次数: 0

Political sentiment and credit ratings 政治情绪和信用评级

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-05-01 DOI: 10.1016/j.bar.2024.101432

Mostafa Monzur Hasan , Ashrafee Hossain , Haiyan Jiang

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High-speed railways, audit partner changes across audit offices and audit quality: Evidence from China 高铁、审计合伙人的变更和审计质量：来自中国的证据

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-05-01 DOI: 10.1016/j.bar.2024.101506

K. Hung Chan , Qiliang Liu , Phyllis Lai Lan Mo , Li Tian

{"title":"High-speed railways, audit partner changes across audit offices and audit quality: Evidence from China","authors":"K. Hung Chan , Qiliang Liu , Phyllis Lai Lan Mo , Li Tian","doi":"10.1016/j.bar.2024.101506","DOIUrl":"10.1016/j.bar.2024.101506","url":null,"abstract":"<div><div>The development of high-speed railways (HSRs) has significant regional economic and social implications. We study a micro externality of such development, namely the impact of HSRs on audit firms' human resource allocation and audit quality. Specifically, we investigate the relationship between the availability of HSRs and audit partner changes across audit offices in China which involves a simultaneous change in audit partner and audit office to reallocate human resources. We find that the advent of HSRs between clients and audit offices increases the likelihood of audit partner changes across audit offices especially for predecessor audit offices with severe human resource constraints due partly to the mandatory auditor rotation requirement. Such audit partner changes across audit offices most likely are reciprocal over time, occur within the optimal HSR transportation interval and can significantly improve audit quality in terms of reducing excessive financing reporting discretions, misstatements and regulatory sanctions, but exert no effect on audit fees. Our study has implications for audit firms’ human resource management in light of infrastructure improvements and for audit policy makers to evaluate the standards for audit partner rotations.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 3","pages":"Article 101506"},"PeriodicalIF":5.5,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143899875","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

Institutional mechanisms, ownership and bank risk-taking during crises 危机期间的制度机制、所有权和银行风险承担

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-05-01 DOI: 10.1016/j.bar.2024.101451

Thi Thuy Anh Vo , Nathan Lael Joseph

引用次数: 0

The impact of loosening regulatory requirements on firm innovation: Evidence from SEC rule 12h-6 放松监管要求对企业创新的影响：美国证券交易委员会 12h-6 规则的证据

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-05-01 DOI: 10.1016/j.bar.2024.101434

Nathan Zhenghang Zhu , Kun Tracy Wang

{"title":"The impact of loosening regulatory requirements on firm innovation: Evidence from SEC rule 12h-6","authors":"Nathan Zhenghang Zhu , Kun Tracy Wang","doi":"10.1016/j.bar.2024.101434","DOIUrl":"10.1016/j.bar.2024.101434","url":null,"abstract":"<div><div>The US Securities and Exchange Commission implemented Exchange Act Rule 12h-6 in 2007, which made it considerably easier for cross-listed firms in the US market to deregister and terminate their regulatory obligations as US exchange listings. Using a difference-in-differences research design, we predict and find that in the period after the implementation of Rule 12h-6, cross-listed firms have significantly less innovation than non-cross-listed domestic firms, which suggests that Rule 12h-6 impedes innovation in cross-listed firms. This effect is stronger for firms that rely more on external financing, have high R&D intensity, and face greater financial constraints. It is also more pronounced in countries with low investor protection, low regulatory quality, greater differences with the US Generally Accepted Accounting Principles, and less liberalized stock markets. The results of the channel analyses indicate that cross-listed firms experience lower sensitivity of R&D investment to stock price and a decrease in foreign institutional ownership in the post Rule 12h-6 implementation period. Taken together, our findings suggest that Rule 12h-6 reduces the benefits of cross-listing for foreign investors, which hinders innovation in non-US economies.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 3","pages":"Article 101434"},"PeriodicalIF":5.5,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141463239","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 role of legal, regulatory and political reforms and institutions in influencing accounting and financial outcomes 法律、监管和政治改革及机构在影响会计和财务结果方面的作用

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-05-01 DOI: 10.1016/j.bar.2025.101647

Grantley Taylor , Douglas Cumming , Donghui Li , Jing Shi

引用次数: 0

How does divergence of control and cash-flow rights influence cost stickiness? 控制权和现金流权的分歧如何影响成本粘性？

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-05-01 DOI: 10.1016/j.bar.2024.101495

Seungbin Oh , Ahrum Choi

{"title":"How does divergence of control and cash-flow rights influence cost stickiness?","authors":"Seungbin Oh , Ahrum Choi","doi":"10.1016/j.bar.2024.101495","DOIUrl":"10.1016/j.bar.2024.101495","url":null,"abstract":"<div><div>This study investigates whether the degree of cost stickiness depends on the divergence between control and cash-flow rights of ultimate owners using data from 22 countries. Firms with a large divergence between control and cash-flow rights are known to take more opportunistic actions at the expense of minority shareholders. The empirical results show that the magnitude of cost stickiness decreases as the divergence between control and cash-flow rights increases due to the greater incentives to manipulate earnings. Firms use both accruals earnings management (AEM) and real-activities earnings management (REM), and among REM, they adjust production activity and discretionary expense to affect cost. Additional tests show that the negative relationship between the divergence between control and cash-flow rights and cost stickiness is more pronounced in countries with weak economic, legal, and social factors. This paper, by examining the effect of ownership structure on cost behavior as well as its underlying mechanism, broadens the understanding of sticky cost behavior and contributes to the growing body of literature on the convergence of financial and managerial accounting.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 3","pages":"Article 101495"},"PeriodicalIF":5.5,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142637401","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

Female lead auditors, audit fees, and audit quality 女性首席审计师、审计费用和审计质量

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-05-01 DOI: 10.1016/j.bar.2024.101497

Tiphaine Jérôme , Cédric Poretti , Alain Schatt

引用次数: 0

Should underwriters be trusted? Reducing agency costs through primary market supervision 保险商应该被信任吗？通过一级市场监管降低代理成本

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-05-01 DOI: 10.1016/j.bar.2024.101510

Sean Foley , Xiaolu Hu , Haozhi Huang , Jiang Li

引用次数: 0