British Accounting Review最新文献_第5页

The role of science-based targets on carbon mitigation: Addressing the tension between net zero anxiety and economic growth 以科学为基础的碳减排目标的作用：解决净零焦虑与经济增长之间的矛盾

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-03-01 DOI: 10.1016/j.bar.2024.101491

Jingduan Li , Xuhui Peng , Huan Zhang

引用次数: 0

Reprint of: Key audit matters disclosures and informed traders 转载：关键审计事项披露和知情交易员

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-01-01 DOI: 10.1016/j.bar.2025.101554

Zabihollah Rezaee , Saeid Homayoun

{"title":"Reprint of: Key audit matters disclosures and informed traders","authors":"Zabihollah Rezaee , Saeid Homayoun","doi":"10.1016/j.bar.2025.101554","DOIUrl":"10.1016/j.bar.2025.101554","url":null,"abstract":"<div><div>We examine whether the audit regulation of disclosing key audit matters (KAM) provides value-relevant information to short sellers as informed investors. The theoretical underpinning for examining short sellers' ability and incentives to use KAM disclosures in their stock valuation implications is based on a prediction theory and a skilled information processing theory of short sellers. Using a sample of expanded auditor's reports from UK-listed firms during the 2010–2017 period and hand-collecting a dataset of KAM disclosures, we find no evidence that the short interest is different for the period before than after the U.K.'s expanded auditor's report regulation. However, in our cross-sectional tests, we find that KAM disclosures have a marginal effect on short interest and a positive association between short interest and unexpected and severe KAM disclosures. We conclude that, except for severe KAM that is value-relevant to sophisticated investors, the disclosures in the expanded auditor's report have no valuation implications for short sellers. Our results are robust in examining the reactions of the financial market and analysts to KAM disclosures and addressing potential endogeneity concerns.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 1","pages":"Article 101554"},"PeriodicalIF":5.5,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143593058","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

Reprint of: On the role and effects of supervisor feedback sign in auditing: Evidence from a cohort of early career auditors 关于主管反馈信号在审计中的作用和影响：来自早期职业审计师队列的证据

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-01-01 DOI: 10.1016/j.bar.2025.101553

Tobias Johansson-Berg , Gustav Johed , Thomas Carrington

{"title":"Reprint of: On the role and effects of supervisor feedback sign in auditing: Evidence from a cohort of early career auditors","authors":"Tobias Johansson-Berg , Gustav Johed , Thomas Carrington","doi":"10.1016/j.bar.2025.101553","DOIUrl":"10.1016/j.bar.2025.101553","url":null,"abstract":"<div><div>Supervisor feedback is essential for training and socialising early career auditors. One fundamental aspect and choice of a supervisor's feedback practice and style is whether to focus on encouraging good or discouraging poor performance. We acknowledge that early career auditors likely receive feedback on both good and poor performance in ongoing and extended feedback relationships with their closest supervisor. A work–life reality that implies that the effects of supervisors' inclinations towards a specific performance feedback sign must be assessed within a frame in which they coexist to varying degrees. We generate hypotheses on how the feedback sign from the closest supervisor affects early career auditors' underreporting of time and intrinsic work motivation, which are two matters related to audit quality. We found that supervisor feedback on negative performance was associated with increased underreporting of time and decreased intrinsic motivation. Feedback on positive performance lessens underreporting of time and supports the development of intrinsic motivation. In summary, our results support emphasising the type of performance for which supervisors choose to provide feedback.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 1","pages":"Article 101553"},"PeriodicalIF":5.5,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143593175","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

Reprint of: Corporate culture and carbon emission performance 转载自：企业文化与碳排放绩效

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-01-01 DOI: 10.1016/j.bar.2025.101564

Mostafa Monzur Hasan , Md Borhan Uddin Bhuiyan , Grantley Taylor

引用次数: 0

Reprint of: Political uncertainty, corporate social responsibility, and firm performance 转载自：政治不确定性、企业社会责任和企业绩效

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-01-01 DOI: 10.1016/j.bar.2025.101566

Yi Hu , Chao Yin

引用次数: 0

Reprint of: The hidden cost of organisation capital: Evidence from trade credit 转载：组织资本的隐性成本：来自贸易信贷的证据

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-01-01 DOI: 10.1016/j.bar.2025.101552

Joye Khoo , Adrian (Wai Kong) Cheung

引用次数: 0

Reprint of: Mimicking crypto portfolios in sustainable investment 转载：在可持续投资中模仿加密货币投资组合

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-01-01 DOI: 10.1016/j.bar.2025.101565

Mengxia Yu , Ke Xu , Xinwei Zheng

{"title":"Reprint of: Mimicking crypto portfolios in sustainable investment","authors":"Mengxia Yu , Ke Xu , Xinwei Zheng","doi":"10.1016/j.bar.2025.101565","DOIUrl":"10.1016/j.bar.2025.101565","url":null,"abstract":"<div><div>In this paper, considering the difference in the energy demand level, we utilize the daily pricing data from 10/01/2019 to 06/30/2023 to construct mimicking crypto portfolios with 12 clean cryptocurrencies to replace the dirty cryptocurrency, Bitcoin (BTC). With a monthly rebalancing strategy, the mimicking portfolio closely matches the exposures to the risk factors of the BTC but with fewer specific risks. Furthermore, relying on the bivariate dynamic conditional correlation (DCC-) GARCH model, we compare the hedging capability of BTC and the corresponding mimicking crypto portfolio against movements of returns of sustainable assets. The empirical results show that the mimicking crypto portfolio provides ESG investors with a cheaper hedge tool of higher hedge effectiveness compared to the BTC. Moreover, we find that the mimicking crypto portfolio can act as a strong safe haven for the S&P Global Clean Energy Index and S&P Latin America Emerging LargeMidCap ESG Index during periods of market stress. Therefore, the mimicking crypto portfolio is a more attractive option for ESG investors due to its superior hedging efficiency and the added environmental advantages.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 1","pages":"Article 101565"},"PeriodicalIF":5.5,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143593180","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

Reprint of: Ex-ante expected changes in ESG and future stock returns based on machine learning 转载自：基于机器学习的ESG预期变化和未来股票回报

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-01-01 DOI: 10.1016/j.bar.2025.101563

Hongtao Zhu , Md Jahidur Rahman

{"title":"Reprint of: Ex-ante expected changes in ESG and future stock returns based on machine learning","authors":"Hongtao Zhu , Md Jahidur Rahman","doi":"10.1016/j.bar.2025.101563","DOIUrl":"10.1016/j.bar.2025.101563","url":null,"abstract":"<div><div>This study has two primary objectives. Firstly, it enhances the reliability and transparency of machine-learning-based models for predicting future changes in environmental, social and governance (ESG) performance. Secondly, it explores the relationship between ex-ante expected changes in ESG and future stock returns. This study collects 3258 STOXX Europe 600 firm-year observations. In the ESG prediction phase, two machine learning algorithms (logistic regression and random forest) are utilised to develop ESG forecasting models. Hyperparameter optimisation and walk-forward validation techniques are employed to address issues of underestimation and information leakage. The machine-learning-based ESG forecasting models are evaluated using three metrics: accuracy, area under the curve (AUC) and area under the precision-recall curve (AUPR). Subsequently, this study investigates the relationship between ex-ante expected ESG changes and future stock returns using the predicted ESG changes. A positive correlation is found between ex-ante expected ESG changes and future stock returns. The supplementary tests also reveal that this positive relationship is highly and statistically significant among large firms and after the COVID-19 pandemic. Moreover, this study introduces a robust and transparent approach for constructing effective machine-learning-based ESG forecasting models using hyperparameter optimisation and walk-forward validation. Additionally, traditional regression analyses are modernised by incorporating machine-learning-predicted independent variables. <span>Furthermore</span>, the findings provide empirical support for stakeholder, agency and resource-based theories. Finally, practical insights are provided to facilitate ESG-focused investment portfolio decision making.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 1","pages":"Article 101563"},"PeriodicalIF":5.5,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143593184","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

Reprint of: Third-party auditor liability risk and trade credit policies 转载：第三方审计责任风险与贸易信用政策

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-01-01 DOI: 10.1016/j.bar.2025.101562

Anthony Kyiu , Bernard Tawiah , Kwabena Antwi Boasiako , Sylvester Adasi Manu

引用次数: 0

Reprint of: Nineteenth century audit reports: Evolution from free-form to standardised wording 转载：19世纪审计报告：从自由形式到标准化措辞的演变

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-01-01 DOI: 10.1016/j.bar.2025.101557

Niamh M. Brennan , Sean Bradley Power

{"title":"Reprint of: Nineteenth century audit reports: Evolution from free-form to standardised wording","authors":"Niamh M. Brennan , Sean Bradley Power","doi":"10.1016/j.bar.2025.101557","DOIUrl":"10.1016/j.bar.2025.101557","url":null,"abstract":"<div><div>The research comprises a case study focussed on the wording of 34 audit reports of the British South Africa Company (BSAC), which Cecil Rhodes established by Royal Charter to colonise Rhodesia from 1889 to 1924. The accounts were audited by Cooper Brothers & Co., now PricewaterhouseCoopers. The research analyses three audit-report characteristics that influenced audit-report wording. Of the 34 audit reports, eight contained qualified (i.e., unfavourable) audit opinions. Based on verbatim annual general meeting minutes and private correspondence, we provide evidence of the effect of the audit qualifications. The research further analyses the evolution of the audit-report wording over the period. Initially, the auditors customised the audit-report wording. Each year, they made micro changes to improve the precision of the wording. Then, in 1911, well in advance of any audit-report regulations, the wording became standardised and remained so until the end of the study period. The paper adds insights into why auditors standardised audit-report wording. We conjecture that years of struggling with customised wording prompted the auditors to adopt standardised wording. We do not know whether this decision applied just to the BSAC audit reports, or whether 1911 heralded standardised audit-report wording for all Cooper Brothers & Co. audit reports.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 1","pages":"Article 101557"},"PeriodicalIF":5.5,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143593176","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