British Accounting Review最新文献_第4页

The impact of asset specificity on corporate tax avoidance: Do financial constraints and product market power matter? 资产特殊性对企业避税的影响：财务限制和产品市场力量是否重要？

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-05-01 DOI: 10.1016/j.bar.2024.101515

Douglas Cumming , My Nguyen

引用次数: 0

Share pledging and corporate misconduct 股票质押和公司不当行为

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-05-01 DOI: 10.1016/j.bar.2024.101508

Lawrence Kryzanowski , Mingyang Li , Sheng Xu , Jie Zhang

引用次数: 0

Carbon emission trading scheme and carbon performance: The role of carbon management system 碳排放权交易机制与碳绩效：碳管理体系的作用

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-05-01 DOI: 10.1016/j.bar.2024.101492

Yan Jiang , Le Luo , Albert Tsang , Yueheng Zhang

引用次数: 0

Textual dimensions of sustainability information, stock price informativeness, and proprietary costs: Evidence from integrated reports 可持续性信息的文本维度、股价信息和专有成本：来自综合报告的证据

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-05-01 DOI: 10.1016/j.bar.2024.101512

Mary E. Barth , Steven F. Cahan , Li Chen , Elmar R. Venter , Ruili Wang

{"title":"Textual dimensions of sustainability information, stock price informativeness, and proprietary costs: Evidence from integrated reports","authors":"Mary E. Barth , Steven F. Cahan , Li Chen , Elmar R. Venter , Ruili Wang","doi":"10.1016/j.bar.2024.101512","DOIUrl":"10.1016/j.bar.2024.101512","url":null,"abstract":"<div><div>We examine whether integrated report quality, IRQ, is negatively associated with stock price synchronicity, an inverse measure of firm-specific information, and the extent to which the relation between IRQ and synchronicity is attenuated by proprietary costs. We measure IRQ using machine-based textual analysis along four dimensions: textual attributes, topical content, integrated reporting capitals, and financial versus sustainability information. We find that measures of IRQ based on seven textual attributes are negatively related to synchronicity, which is consistent with higher quality text containing more firm-specific content. Using PhraseLDA to identify topics in integrated reports, we find that contents related to the three most common categories—governance, performance, and risks and opportunities—are negatively associated with synchronicity. We find similar results for all integrated report capitals, except manufactured capital. Further, we find that sustainability information has a larger negative association with synchronicity than financial information. We also find that proprietary costs stemming from product market competition attenuate the association between IRQ and synchronicity, which suggests the informativeness of integrated reports varies with a firm's competitive environment. Our results may inform the International Sustainability Standards Board as it considers the role of the Integrated Reporting Framework in developing sustainability standards.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 3","pages":"Article 101512"},"PeriodicalIF":5.5,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143899873","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

Endorsement and firm financing: Evidence from government venture capital market in China 背书与企业融资：来自中国政府风险投资市场的证据

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-05-01 DOI: 10.1016/j.bar.2024.101471

Xiaoxia Huang , Yanchen Jiang , Sushanta Mallick

引用次数: 0

The effects of extreme high temperature spells on financial performance 极端高温对财务业绩的影响

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-03-01 DOI: 10.1016/j.bar.2024.101383

Paul A. Griffin , David H. Lont , Martien J.P. Lubberink

{"title":"The effects of extreme high temperature spells on financial performance","authors":"Paul A. Griffin , David H. Lont , Martien J.P. Lubberink","doi":"10.1016/j.bar.2024.101383","DOIUrl":"10.1016/j.bar.2024.101383","url":null,"abstract":"<div><div>We examine EU and UK firms to investigate the impact of spells of extreme high temperature on three common financial performance measures: the ratio of sales-to-assets, pretax profit margin, and return on assets. Supporting our hypotheses, we find that spells of extreme high temperature have a curvilinear impact on financial performance. While extreme high temperature spells tend to degrade financial performance in regions or months with normally hotter conditions, the opposite effect is observed for extreme high temperature spells in regions or months with normally cooler conditions. Given our environmental context, where the standard temperature is about 16°C, high temperature spells with maximums that well exceed that temperature have marked financial implications. We also find that spells in locations with maximum temperatures above 23°C associate with smaller improvements in ESG scores and higher carbon emissions in the future, suggesting that managers’ actions to mitigate the risks of high temperature spells are limited at best. Our evidence of significant impacts of extreme temperature on firm performance but little action in response supports the view that managers need more guidance on how to measure the risks and opportunities of extreme weather events and the policies to manage them.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 2","pages":"Article 101383"},"PeriodicalIF":5.5,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140785304","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

Carbon accounting for the translation of net-zero targets into business operations 将净零目标转化为业务运营的碳核算

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-03-01 DOI: 10.1016/j.bar.2024.101456

Elena Carrión , Carlos Larrinaga , Deborah Rigling Gallagher

引用次数: 0

Dynamics of carbon risk, cost of debt and leverage adjustments 碳风险、债务成本和杠杆调整的动态变化

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-03-01 DOI: 10.1016/j.bar.2024.101353

Douglas Cumming , Geeta Duppati , Ruwani Fernando , Shivendu Pratap Singh , Aviral Kumar Tiwari

{"title":"Dynamics of carbon risk, cost of debt and leverage adjustments","authors":"Douglas Cumming , Geeta Duppati , Ruwani Fernando , Shivendu Pratap Singh , Aviral Kumar Tiwari","doi":"10.1016/j.bar.2024.101353","DOIUrl":"10.1016/j.bar.2024.101353","url":null,"abstract":"<div><div>We evaluate the effects of carbon risk on the speed at which corporations adjust their leverage for the period 2006–2020. Primarily we address the question: Does national carbon risk impact firm-level speed of adjustment (SOA)? To address the main question, our study further classifies the companies in the sample based on borrowing costs and carbon risk. By doing so, we report on how borrowing costs may influence the company's conduct. Our research focuses on the energy sector, which is an important sector for emitting carbon. Our study uses physical climate risk changes as a proxy for carbon risk, and the second proxy for carbon risk is obtained by scaling the country's carbon emissions to the company level. We find that the carbon risk is positively related to the speed of adjustment; specifically, the firms with low cost of borrowing show a faster speed of adjustment toward the target than those whose cost of borrowing is higher. However, businesses with high (low) expenses and high carbon risk do not see a reason to change their leverage. In addition, we also examine the interaction effects of earnings yield, transaction contract cost, enforcement cost on carbon risk, and the speed of leverage adjustment. Our results confirm that the effects of transaction contract costs and enforcement costs are significant. The post-Paris Agreement period reveals a strong positive relationship between carbon risk and leverage SOA.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 2","pages":"Article 101353"},"PeriodicalIF":5.5,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139879360","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

Uncovering the intensity of climate risk and opportunity: Awareness and effectiveness 揭示气候风险和机遇的强度：认识和有效性

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-03-01 DOI: 10.1016/j.bar.2024.101469

Hanlu Fan , Keyi Zhao

{"title":"Uncovering the intensity of climate risk and opportunity: Awareness and effectiveness","authors":"Hanlu Fan , Keyi Zhao","doi":"10.1016/j.bar.2024.101469","DOIUrl":"10.1016/j.bar.2024.101469","url":null,"abstract":"<div><div>This paper examines the effect of awareness regarding climate change risks and opportunities on the proactive carbon management systems of U.S. S&P 500 companies. We develop our hypotheses based on institutional theory, stakeholder theory, and prospect theory. Our findings indicate a significant positive association between our self-constructed measurement of company risk and opportunity awareness and carbon management practices. We observe that financially constrained firms exhibit a lesser response to both climate change risk and opportunity awareness. Additionally, we note that firms with low profitability are more responsive to climate change risks, whereas we found no evidence linking climate change opportunity awareness to carbon management systems, consistent with prospect theory. Finally, we investigate the impact of carbon management systems on carbon reduction performance to examine the effectiveness of such awareness. In summary, this study provides the first evidence of how awareness of climate risk and opportunity influences corporate carbon management practices in a U.S. setting. Our findings imply that awareness serves as the initial step in prompting positive actions to manage risks and capitalize on opportunities. These results offer novel insights and information relevant to the recent policy initiative aimed at transitioning climate risk disclosure from voluntary to mandatory.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 2","pages":"Article 101469"},"PeriodicalIF":5.5,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142100790","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

Managing the shift from voluntary to mandatory climate disclosure: The role of carbon accounting 管理从自愿向强制性气候信息披露的转变：碳会计的作用

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-03-01 DOI: 10.1016/j.bar.2025.101594

Amir Amel-Zadeh , Qingliang Tang

{"title":"Managing the shift from voluntary to mandatory climate disclosure: The role of carbon accounting","authors":"Amir Amel-Zadeh , Qingliang Tang","doi":"10.1016/j.bar.2025.101594","DOIUrl":"10.1016/j.bar.2025.101594","url":null,"abstract":"<div><div>The transition from voluntary to mandatory climate disclosure and reporting poses serious challenges for accounting professionals aiming to support firms in achieving net-zero goals. Key challenges include carbon data availability, recognition of carbon assets and liabilities, determining reporting boundaries, selecting appropriate greenhouse gas (GHG) accounting methodologies, and integrating climate-related risks and opportunities into traditional financial statements. The papers included in this Special Issue provide initial insights into some of these challenges. These studies emphasize the importance of carbon accounting, science-based GHG reduction targets, extreme or abnormal temperature and financial performance, and managing climate risk and opportunities. As firms adapt to these new reporting mandates, the studies in this Special Issue highlight the need for robust carbon management and accounting. Building on this, the note identifies critical knowledge gaps and sets forth a research agenda aiming at enhancing transparency and relevance in carbon accounting and reporting systems, thereby empowering informed decision-making.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 2","pages":"Article 101594"},"PeriodicalIF":5.5,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143528302","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