British Accounting Review最新文献_第10页

Curbing myopic R&D behavior: How private meetings serve as a channel 遏制近视研发行为：私人会议如何发挥渠道作用

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-11-01 DOI: 10.1016/j.bar.2024.101326

Jiaying Ge , Steven F. Cahan , Jerry W. Chen

{"title":"Curbing myopic R&D behavior: How private meetings serve as a channel","authors":"Jiaying Ge , Steven F. Cahan , Jerry W. Chen","doi":"10.1016/j.bar.2024.101326","DOIUrl":"10.1016/j.bar.2024.101326","url":null,"abstract":"<div><div>This study considers whether investor-manager private meetings serve as a potential channel to detect and restrain corporate myopic R&D behavior in firms subject to earnings pressure. To do so, we exploit a unique dataset of corporate site visits, a particular form of private meetings. Our results indicate that the myopic R&D behavior of firms under earnings pressure is significantly lower when the firm hosts more institutional investors’ site visits. To further tease out the underlying mechanisms, we conduct cross-sectional analyses and find that the constraining effect of site visits is greater when there is more need for monitoring by institutional investors, i.e., when the information environment is weak and product market competition is low. Further, this monitoring effect is stronger when more questions are asked about R&D during the site visit, when the site visit involves more than one institutional investor, and when the site visit occurs earlier in the fiscal year. The main findings are robust to alternative model specifications, estimation approaches, and endogeneity issues. Overall, our evidence suggests that site visits cannot only reduce information asymmetry, but they have an important monitoring role as well.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 6","pages":"Article 101326"},"PeriodicalIF":5.5,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139436900","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 determinants of corporate cost of debt during a financial crisis 金融危机期间企业债务成本的决定因素

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-11-01 DOI: 10.1016/j.bar.2024.101390

Tauhidul Islam Tanin , Ashutosh Sarker , Shawkat Hammoudeh , Jonathan A. Batten

引用次数: 0

Political uncertainty, corporate social responsibility, and firm performance 政治不确定性、企业社会责任与公司业绩

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-11-01 DOI: 10.1016/j.bar.2024.101467

Yi Hu , Chao Yin

引用次数: 0

Withdrawal notice to “Rank-and-file employee stock options and audit pricing: Evidence from S&P 1500 firms” [YBARE(56/6) (2024) / 101422] 对“普通员工股票期权和审计定价：来自标普1500公司的证据”的撤回通知[YBARE(56/6) (2024) / 101422]

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-11-01 DOI: 10.1016/j.bar.2024.101539

Xiaoqi Chen , Maoliang Li , Emmanuel Obiri-Yeboah , Qiang Wu

引用次数: 0

Strategic forward-looking nonearnings disclosure and overinvestment 战略性前瞻性非收益披露和过度投资

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-11-01 DOI: 10.1016/j.bar.2024.101431

Jean Jinghan Chen , Peiyang Song , Fai Lim Loi

{"title":"Strategic forward-looking nonearnings disclosure and overinvestment","authors":"Jean Jinghan Chen , Peiyang Song , Fai Lim Loi","doi":"10.1016/j.bar.2024.101431","DOIUrl":"10.1016/j.bar.2024.101431","url":null,"abstract":"<div><div>We examine whether tone management in different aspects of forward-looking statements (FLSs) is related to managers' self-serving overinvestments. Using data for U.S.-listed firms between 2003 and 2019, we provide novel evidence that the abnormal tone of nonearnings-related qualitative FLSs' is significantly and positively related to firms' overinvestments but that other aspects of FLSs are insignificant to overinvestments. Moreover, this relation is more substantial in financially unconstrained firms. Our findings reveal the heterogeneous roles of different aspects of FLSs in firms' opportunistic disclosures concerning future overinvestments. Further analyses also indicate that this relationship is more pronounced for firms with less monitoring and managers with greater career concerns. We also employ instrumental variables with a two-stage least-square approach and a Heckman selection model to mitigate the endogeneity issue. Our results are robust after conducting a battery of robustness tests. Overall, our findings provide robust evidence that managers are likely to strategically manipulate nonearnings-related qualitative FLSs to mislead investors’ perception of firms' future fundamentals to achieve self-serving purposes.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 6","pages":"Article 101431"},"PeriodicalIF":5.5,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0890838924001951/pdfft?md5=f858185e740e8003b63f30b50ded124d&pid=1-s2.0-S0890838924001951-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141463359","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The use of machine learning algorithms to predict financial statement fraud 使用机器学习算法预测财务报表欺诈行为

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-11-01 DOI: 10.1016/j.bar.2024.101441

Mark Lokanan , Satish Sharma

引用次数: 0

From debt breaches to employee safety: The hidden power of banking interventions 从债务违约到员工安全：银行干预的隐性力量

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-11-01 DOI: 10.1016/j.bar.2024.101447

Shiyang Hu , Xiao Li , Gary Gang Tian , Jianyu Zhao

引用次数: 0

Does mandating corporate social and environmental disclosure improve social and environmental performance?: Broad-based evidence regarding the effectiveness of directive 2014/95/EU 强制企业披露社会和环境信息是否能改善社会和环境绩效？有关第 2014/95/EU 号指令有效性的广泛证据

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-11-01 DOI: 10.1016/j.bar.2024.101437

Charl de Villiers , John Dumay , Federica Farneti , Jing Jia , Zhongtian Li

{"title":"Does mandating corporate social and environmental disclosure improve social and environmental performance?: Broad-based evidence regarding the effectiveness of directive 2014/95/EU","authors":"Charl de Villiers , John Dumay , Federica Farneti , Jing Jia , Zhongtian Li","doi":"10.1016/j.bar.2024.101437","DOIUrl":"10.1016/j.bar.2024.101437","url":null,"abstract":"<div><div>Given that the aim of corporate social and environmental <em>disclosure</em> mandates is to improve corporate social and environmental <em>performance</em>, this study investigates the impact of such mandates on performance. Using a difference-in-differences analysis, we examine trends in corporate social and environmental performance before and after the introduction of Directive 2014/95/EU (hereafter, the Directive), comparing affected European companies with companies in the United States (US), based on a balanced sample of 358 European companies (excluding United Kingdom (UK) companies, because they were subject to additional regulations that came into effect around the same time) and 470 US companies from 2009 to 2020. We find that European companies' performance has not improved substantially since the Directive came into effect in 2017, nor have they improved compared to US companies. Thus, the evidence suggests that the Directive has not improved European companies’ social and environmental performance. Our study provides broad-based evidence of the (in)effectiveness of mandating corporate social and environmental disclosures to enhance performance. Our findings will be of interest to regulators considering disclosure mandates, as well as stakeholders and investors interested in enhancing social and environmental performance.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 6","pages":"Article 101437"},"PeriodicalIF":5.5,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0890838924002014/pdfft?md5=aa9dcbc7d366f3f39d0f8f308f50a2a2&pid=1-s2.0-S0890838924002014-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142312556","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Withdrawal notice to“ On the role and effects of supervisor feedback sign in auditing: Evidence from a cohort of early career auditors” [YBARE(56/6) (2024) / 101371] 对“关于主管反馈标志在审计中的作用和影响：来自早期职业审计师群体的证据”的撤回通知[YBARE(56/6) (2024) / 101371]

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-11-01 DOI: 10.1016/j.bar.2024.101538

Tobias Johansson-Berg , Gustav Johed , Thomas Carrington

引用次数: 0

Withdrawal notice to: < Mimicking Crypto Portfolios in Sustainable Investment ‘><[YBARE(56/6) (2024) / 101463]> 撤回通知：<在可持续投资中模仿加密投资组合' >

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-11-01 DOI: 10.1016/j.bar.2024.101549

Dr Mengxia Yu , Dr Ke Xu , Dr Xinwei Zheng

引用次数: 0