British Accounting Review最新文献_第10页

Climate theory & managerial decisions on cross-border mergers 气候理论与跨国并购的管理决策

IF 5.1 3区管理学

British Accounting Review Pub Date : 2024-01-01 DOI: 10.1016/j.bar.2023.101260

Antonios Siganos

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引用次数: 0

How can regulators affect corporate social responsibility? Evidence from regulatory disclosures of consumer complaints in the U.S. 监管机构如何影响企业的社会责任?美国监管机构披露的消费者投诉证据

IF 5.1 3区管理学

British Accounting Review Pub Date : 2024-01-01 DOI: 10.1016/j.bar.2023.101280

Yujie Wang , Albert Tsang , Yi Xiang , Shuo Yan

引用次数: 0

Corporate environmental reporting in the China context: The interplay of stakeholder salience, socialist ideology and state power 中国背景下的企业环境报告:利益相关者突出、社会主义意识形态和国家权力的相互作用

IF 5.1 3区管理学

British Accounting Review Pub Date : 2024-01-01 DOI: 10.1016/j.bar.2023.101198

Wei Qian , Lee Parker , Jingyu Zhu

{"title":"Corporate environmental reporting in the China context: The interplay of stakeholder salience, socialist ideology and state power","authors":"Wei Qian , Lee Parker , Jingyu Zhu","doi":"10.1016/j.bar.2023.101198","DOIUrl":"10.1016/j.bar.2023.101198","url":null,"abstract":"<div><p>Research considers that the increase in corporate environmental reporting over the past decades has been a response to stakeholder demand and pressure within and beyond the boundaries of business operations. Recent empirical studies have begun to extrapolate the stakeholder concept and rationale into developing countries when explaining their growing reporting practices. However, how this global trend is played out in the particular institutional developing country context remains unanswered. This research addresses the issue by employing a case study of a leading mining company in China. The study finds that corporate managers do understand the importance of stakeholder communication and engagement. Such importance has been framed into national social obligations within the socialist ideology long embedded and more recently reinforced in the minds of managers. It reveals an imprinting process of ideological prioritisation through which imprinted socialist philosophies and values are entrenched in perceived stakeholder salience and responsibility for environmental reporting. This process is decoupled from delivering procedural compliance via accountability reporting because of the dominance of State power and national collective interests over individual rights. This study suggests that socially and politically embedded philosophies and ideology ingrained in a country can create another layer of criteria when managers interpret and determine the salience of individual stakeholders and make reporting decisions. It highlights that the extent to which the salience of stakeholders is understood and responded to in the environmental reporting process is conditioned by the structure and operation of a country's political and social system.</p></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 1","pages":"Article 101198"},"PeriodicalIF":5.1,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42720342","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

Digitalization as a form of marketization: The performativity of calculative practices in framing and overflowing NGO performance and accountability 数字化作为一种市场化形式：计算实践在界定和溢出非政府组织绩效和问责制方面的表现

IF 5.1 3区管理学

British Accounting Review Pub Date : 2024-01-01 DOI: 10.1016/j.bar.2023.101176

Tarek Rana , Carolyn J. Cordery

{"title":"Digitalization as a form of marketization: The performativity of calculative practices in framing and overflowing NGO performance and accountability","authors":"Tarek Rana , Carolyn J. Cordery","doi":"10.1016/j.bar.2023.101176","DOIUrl":"10.1016/j.bar.2023.101176","url":null,"abstract":"<div><p>This study examines a disability services funding reform which produced calculative (accounting) practices to frame non-governmental organizations' (NGOs') performance and accountability, and the role of digitalization, as a form of marketization, in reframing that performance and accountability. Drawing on insights from Callon's (1998) concepts of framing and overflowing, this study analyses one NGO's pursuit of performance and accountability via calculative and digitalized forms. Through a qualitative interpretive case study approach, the study traces how new calculative practices inspired by a disability services funding reform and an online service platform act to (re)frame the NGO's accounts of performance. Analysis of this (re)framing work finds that NGO accountability is reduced by a performance object – cost management – which is supported by digitalization. Further, we find that the performativity of calculative practices constructed new forms of marketization for NGO realities, thoughts and actions, reducing the NGO services for disabled persons to economic exchanges. Our study offers insights into the counter-productive dangers of calculative practices when they generate digitalization for cost management performance objectives. In addition to marketization reframing NGO performance and accountability, concepts of framing and overflowing enable us to better understand the impact of calculations and digitalization on NGOs' service performance.</p></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 1","pages":"Article 101176"},"PeriodicalIF":5.1,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47655455","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

When corporate culture matters: The case of stakeholder violations 当企业文化很重要时：利益相关者违规的案例

IF 5.1 3区管理学

British Accounting Review Pub Date : 2024-01-01 DOI: 10.1016/j.bar.2023.101188

Rashid Zaman

{"title":"When corporate culture matters: The case of stakeholder violations","authors":"Rashid Zaman","doi":"10.1016/j.bar.2023.101188","DOIUrl":"10.1016/j.bar.2023.101188","url":null,"abstract":"<div><p>This study examines whether and how a strong corporate culture influences stakeholder violations. Using a longitudinal sample of monetary penalties imposed on US-listed firms for stakeholder violations, I find evidence that a strong corporate culture is significantly and negatively associated with such violations. This outcome remains robust to a series of robustness and endogeneity tests, including the application of the generalized method of moments (GMM), entropy balancing, and propensity score matching (PSM) estimation. The channel analysis evidence implies that information asymmetry is a possible mechanism through which a strong corporate culture is associated with stakeholder violations. A cross-sectional analysis demonstrates that the documented association between strong corporate culture and stakeholder violations is stronger for companies with weak external monitoring. Additionally, the negative association between strong corporate culture and stakeholder violations varies across violation types and cultural dimensions. This study contributes to the ongoing discourse on the role of informal corporate governance mechanisms (corporate culture) in mitigating corporate stakeholder violations. Finally, it has important implications for stakeholders, including policymakers, regulators, and practitioners, intending to promote responsible business practices.</p></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 1","pages":"Article 101188"},"PeriodicalIF":5.1,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0890838923000185/pdfft?md5=003c4c2936a55ccbf5fd57984df338ad&pid=1-s2.0-S0890838923000185-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49272387","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 effect of real earnings smoothing on corporate labour investment 实际收益平滑对企业劳动力投资的影响

IF 5.1 3区管理学

British Accounting Review Pub Date : 2023-11-01 DOI: 10.1016/j.bar.2023.101178

Zhangfan Cao , William Rees , Zhifang Zhang

引用次数: 1

Missing the boat: Regulatory approval delay and investment project outcomes 错失良机：监管审批延迟与投资项目结果

IF 5.1 3区管理学

British Accounting Review Pub Date : 2023-11-01 DOI: 10.1016/j.bar.2023.101186

Qiaozhi Ye , Ronghong Huang , Kelvin Jui Keng Tan

引用次数: 0

A hidden channel of “blood transfusion”: Internal capital market subsidies and zombie firms 一个隐藏的“输血”渠道:内部资本市场补贴和僵尸企业

IF 5.1 3区管理学

British Accounting Review Pub Date : 2023-11-01 DOI: 10.1016/j.bar.2023.101267

Xinyu Li , Huacheng Wang , Rong Li

{"title":"A hidden channel of “blood transfusion”: Internal capital market subsidies and zombie firms","authors":"Xinyu Li , Huacheng Wang , Rong Li","doi":"10.1016/j.bar.2023.101267","DOIUrl":"10.1016/j.bar.2023.101267","url":null,"abstract":"<div><p>From the perspective of internal capital markets, we investigate the causes of zombie firms and propose possible governance measures. Based on Chinese A-share listed firms, we find that internal capital market subsidies promote the zombification of firms. This impact is stronger when the liquidity of the external capital market is higher or when there is a finance firm in the internal capital market. Additionally, there is a “pecking order” of the subsidies that contribute to the zombification of firms: government subsidies take the lead, followed by internal capital market subsidies, and then bank loans. The motivations for internal capital markets to subsidize zombie firms include avoiding risk contagion, avoiding losing control rights, being socially responsible, and maintaining rent-seeking opportunities for managers. The sources of internal capital market subsidies are mainly parent firms and brother firms. Constraining agency problems and engaging in related major asset restructuring play important role in the governance of zombie firms. Overall, our study reveals internal capital markets to be a “blood transfusion” channel and it provides guidance for tackling the problem of zombie firms.</p></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"55 6","pages":"Article 101267"},"PeriodicalIF":5.1,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135707817","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 market response to mandatory disclosure of payments to foreign governments 市场对强制披露向外国政府支付款项的反应

IF 5.1 3区管理学

British Accounting Review Pub Date : 2023-11-01 DOI: 10.1016/j.bar.2023.101177

Fayez A. Elayan, Parunchana Pacharn, Jennifer Li, Kareen Brown, Yijia Chen

{"title":"The market response to mandatory disclosure of payments to foreign governments","authors":"Fayez A. Elayan, Parunchana Pacharn, Jennifer Li, Kareen Brown, Yijia Chen","doi":"10.1016/j.bar.2023.101177","DOIUrl":"https://doi.org/10.1016/j.bar.2023.101177","url":null,"abstract":"<div><p>This study examines how the equity market responds to the mandated disclosures made under the <em>Canadian Extractive Sector Transparency Measures Act</em> (ESTMA). We studied a sample of 1,559 company-year-country disclosures from 937 extractive firms listed, or conducting business, in Canada between 2016 and 2018, and controlled for corruption perception and bribe indices in the host country. We found that ESTMA disclosures are associated with a negative market reaction, implying that the market perceives a net loss to firms as a result of the costs of compliance and risks associated with ESTMA. It appears that the reaction is stronger and more negative for ESTMA reports that provide more information, as well as for firms that report higher payments than expected. Furthermore, we have found that the ESTMA disclosures garner a stronger market reaction for firms that are more prone to corruption or have weak governance. This study contributes to the important discussion regarding the use of transparency measures to address the issues related to human rights in the business environment. Our results confirm that transparency is costly for shareholders, and it is, therefore, important for policymakers to consider the costs, benefits, and potential unintended consequences of their measures.</p></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"55 6","pages":"Article 101177"},"PeriodicalIF":5.1,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138471685","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

Does lowball guidance work? An analysis of firms that consistently beat their guidance by large margins 低报引导有效吗?对那些持续超额完成预期的公司的分析

IF 5.1 3区管理学

British Accounting Review Pub Date : 2023-11-01 DOI: 10.1016/j.bar.2023.101219

Jing Chen , Michael J. Jung , Michael Tang

{"title":"Does lowball guidance work? An analysis of firms that consistently beat their guidance by large margins","authors":"Jing Chen , Michael J. Jung , Michael Tang","doi":"10.1016/j.bar.2023.101219","DOIUrl":"10.1016/j.bar.2023.101219","url":null,"abstract":"<div><p>Lowball guidance is the practice of firm managers issuing overly cautious guidance that is later exceeded by a large margin upon earnings announcement. In this study, we examine this practice at the episode level, where a firm engages in it over multiple consecutive quarters. Using a control sample of firms that exhibited episodes of meet or small beats, we draw inferences specific to lowball guidance episodes. We assess their prevalence in a broad sample of firms and provide evidence related to two explanations of lowball guidance episodes: firms' earnings uncertainty, and to a lesser extent, firms’ attempt to appease sell-side analysts and institutional investors. Stock return tests suggest that there are short-term capital market benefits to lowball guidance episodes, but the benefits dissipate eventually. Our results indicate that episodes of lowball guidance likely appeal to certain types of market participants in the short term, but they are not sustainable.</p></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"55 6","pages":"Article 101219"},"PeriodicalIF":5.1,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0890838923000586/pdfft?md5=e8d5043c23a7e4a697ac4b3ad30b3c7a&pid=1-s2.0-S0890838923000586-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47120840","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