British Accounting Review最新文献_第5页

Economic policy uncertainty, carbon emissions and firm valuation: International evidence 经济政策的不确定性、碳排放和企业估值：国际证据

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-11-01 DOI: 10.1016/j.bar.2024.101453

Sudipta Bose , Syed Shams , Searat Ali , Abdullah Al Mamun , Millicent Chang

{"title":"Economic policy uncertainty, carbon emissions and firm valuation: International evidence","authors":"Sudipta Bose , Syed Shams , Searat Ali , Abdullah Al Mamun , Millicent Chang","doi":"10.1016/j.bar.2024.101453","DOIUrl":"10.1016/j.bar.2024.101453","url":null,"abstract":"<div><div>This paper explores how the uncertainty surrounding economic policies affects the decisions managers make, particularly with reference to carbon emissions. Notably, this is a pioneering effort as very few studies have examined the influence of economic policy uncertainty on decisions about either carbon emissions or renewable energy, and, in turn, the impact of these decisions on firm value. From a sample spanning 22 countries over the period 2007 to 2018, our results show that, while carbon emissions increase with policy uncertainty, this relationship is mediated by renewable energy consumption. Country factors such as climate change performance, emissions trading schemes, and business culture also affect this relationship. In countries where economic policy uncertainty tends to be high, firms generally have a lower market value, due in part to higher levels of carbon emissions. These findings highlight the importance of connecting policy uncertainty to decisions about carbon emissions and renewable energy. They also provide insights into the detrimental effects of policy uncertainty on firm value.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 6","pages":"Article 101453"},"PeriodicalIF":5.5,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0890838924002178/pdfft?md5=1a129897c9232ef2e8e9e57d731027f7&pid=1-s2.0-S0890838924002178-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141994709","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

Shareholders' political hierarchy and regulatory enforcement: Evidence from corporate risk management 股东的政治等级与监管执行：公司风险管理的证据

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-11-01 DOI: 10.1016/j.bar.2024.101372

Huimin Guo , Zheyao Pan , Gary Tian

{"title":"Shareholders' political hierarchy and regulatory enforcement: Evidence from corporate risk management","authors":"Huimin Guo , Zheyao Pan , Gary Tian","doi":"10.1016/j.bar.2024.101372","DOIUrl":"10.1016/j.bar.2024.101372","url":null,"abstract":"<div><div>In our study, we investigate the impact of shareholders' political hierarchy on regulatory enforcement within the context of a Chinese local state-owned enterprise where multiple government shareholders, each with different political hierarchical levels, coexist. Our research reveals that the presence of higher-level noncontrolling government shareholders, specifically noncontrolling government shareholders with a higher hierarchical level than the controlling government shareholders, enhances the risk-reducing effect of derivative use. This indicates that higher-level noncontrolling government shareholders play a role in facilitating the enforcement of derivative-related regulations. Additionally, we find that these higher-level noncontrolling government shareholders enhance the efficiency of derivative use through two primary channels: their superior access to regulatory information and their monitoring of corporate regulatory compliance. We also explore the impact of higher-level noncontrolling government shareholders in regulatory enforcement by examining the 2009–2010 top-down derivative-related regulation. In summary, our analysis underscores the positive influence of higher-level noncontrolling government shareholders on risk management efficiency, primarily due to their information advantage regarding regulations, which subsequently strengthens the enforceability of regulatory measures.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 6","pages":"Article 101372"},"PeriodicalIF":5.5,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0890838924001112/pdfft?md5=61e509e9fb6419f8bd8c7a56c5fffc91&pid=1-s2.0-S0890838924001112-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140405468","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

Making outside directors inside: Independent directors’ corporate site visits and real earnings management 让外部董事成为内部董事：独立董事的企业实地考察与实际收益管理

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-11-01 DOI: 10.1016/j.bar.2024.101429

Qiong Wang , Huajie Wang , Kemin Wang

引用次数: 0

Hybridisation, purification, and re-hybridisation: A study of shifting registers of value 杂交、纯化和再杂交：价值转移寄存器的研究

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-09-01 DOI: 10.1016/j.bar.2023.101201

Gustaf Kastberg Weichselberger , Cemil Eren Fırtın , Enrico Bracci

{"title":"Hybridisation, purification, and re-hybridisation: A study of shifting registers of value","authors":"Gustaf Kastberg Weichselberger , Cemil Eren Fırtın , Enrico Bracci","doi":"10.1016/j.bar.2023.101201","DOIUrl":"10.1016/j.bar.2023.101201","url":null,"abstract":"<div><div>The aim of this paper is to add to the discussion on hybrids and valuing. We argue that more dynamic theorising is needed to understand hybridity. The aim is thus to further the discussion and to nuance the theorisation of hybrids and values by focusing on their emergence and shifts. The study is qualitative, and the empirical base is the handling of the pandemic in a Swedish county council and a municipality. The research question is: How and why did values emerge and shift in the handling of the COVID-19 pandemic? Our first contribution is the development of concepts whereby we centre hybridisation, purification, and re-hybridisation, as well as the concepts of first- and second-order dissonance. The second contribution is the enhancement of our understanding of the dynamics of hybrids. Our theorising adds to studies indicating the risk of hybrid settings collapsing and then reverting to pure states because of what we call second-order dissonance. Pure states, however, are always at risk of first-order dissonance and of exploding into hybrid states. Our observations advance research into both valuing and accounting, which tends to focus on specific established values, or on how accounting for a value emerges.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 6","pages":"Article 101201"},"PeriodicalIF":5.5,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0890838923000343/pdfft?md5=8b37468377455cbc2a2ed374ebded44c&pid=1-s2.0-S0890838923000343-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43772741","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

Megaprojects and hybridity. Accounting and performance challenges for multiple diverse actors and values 大型项目和混合。会计和绩效挑战的多个不同的演员和价值观

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-09-01 DOI: 10.1016/j.bar.2022.101152

Massimo Sargiacomo , Laura Corazza , Antonio D'Andreamatteo , Daniel Torchia

{"title":"Megaprojects and hybridity. Accounting and performance challenges for multiple diverse actors and values","authors":"Massimo Sargiacomo , Laura Corazza , Antonio D'Andreamatteo , Daniel Torchia","doi":"10.1016/j.bar.2022.101152","DOIUrl":"10.1016/j.bar.2022.101152","url":null,"abstract":"<div><div><span>The aim of this paper is to illuminate how a hybrid organisation tasked with developing the Turin-Lyon Highspeed Railway, TELT, has played a pivotal role in the government of a French-Italian collaborative megaproject. Using a Foucauldian approach, we undertook a longitudinal analysis of TELT to investigate the accounting and performance challenges faced as this hybrid organisation attempted to meet the diverse goals and values of multiple stakeholders. The technologies introduced new work </span>planning techniques<span>, excavating, building prototypes, estimating and certifying standard costs, and implementing time and space controls based on cost classifications. The idea behind all these measures was to normalise the risks associated with the megaproject, and thus zero any cost overruns during the project's lifecycle. TELT's ‘winning spirit’ succeeded in navigating a bi-national business value chain spanning governments, contractors, and sub-contracting companies. Different forms of reporting were used concurrently – some for financial disclosure, others for auditing to comply with national and European auditing regulations as enforced by the two governments. Non-financial information was also disclosed to diverse, and sometimes conflicting stakeholders, to increase social value and reduce information asymmetry. The study reveals how a wide range of experts intervened to solve problems at the meso-political and micro-organisational levels.</span></div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 6","pages":"Article 101152"},"PeriodicalIF":5.5,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44702973","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

Understanding corporate governance in China 了解中国的公司治理

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-09-01 DOI: 10.1016/j.bar.2024.101459

Fuxiu Jiang , Kenneth A. Kim

引用次数: 0

Political affiliation, cash flow volatility, and debt maturity in China 中国的政治派别、现金流波动和债务期限

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-09-01 DOI: 10.1016/j.bar.2023.101299

Mustafa Caglayan , Simona Mateut , Piercarlo Zanchettin

引用次数: 0

Actors constructing accountability in hybrid organisations: The case of a Swedish municipal corporation 在混合型组织中构建问责制的行动者——以瑞典市政公司为例

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-09-01 DOI: 10.1016/j.bar.2023.101207

Joshua Maine, Timur Uman, Emilia Florin-Samuelsson

{"title":"Actors constructing accountability in hybrid organisations: The case of a Swedish municipal corporation","authors":"Joshua Maine, Timur Uman, Emilia Florin-Samuelsson","doi":"10.1016/j.bar.2023.101207","DOIUrl":"10.1016/j.bar.2023.101207","url":null,"abstract":"<div><div>Coping with accountability challenges is an essential part of how actors in hybrid organisations make sense of their responsibility to distinctive groups of stakeholders. Drawing on institutional theory and a logics perspective, we explore how the strategic apex in a Swedish municipal housing corporation constructs accountability in relation to the tensions that arise therein. Our case study highlights that the strategic apex deals with the challenges associated with multiple accountability logics via the process of <em>evoking the principals</em>. Given the invisibility of the legal owner, the strategic apex evokes the principal(s) through the additional processes of <em>negotiating resource allocation</em>, <em>compromising and interest alignment</em>, and <em>creating team structures</em>. Our findings contribute to the emergent literature on how hybrid organisations construct accountability and manage related challenges. Furthermore, our analysis of how individual actors and teams deal with the tension between individual and collective actions in the accountability domain advances current knowledge of the processes through which these actors cope with accountability challenges in hybrid organisations.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 6","pages":"Article 101207"},"PeriodicalIF":5.5,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0890838923000409/pdfft?md5=bc483c828f01dd0304853218d7f0246e&pid=1-s2.0-S0890838923000409-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47504949","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

Regulator as a minority shareholder and corporate fraud: Quasi-natural experiment evidence from the pilot project of China Securities Investor Services Center 监管者作为少数股东与公司欺诈:来自中国证券投资者服务中心试点项目的准自然实验证据

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-09-01 DOI: 10.1016/j.bar.2023.101242

Ziying Zhao , Chao Lu , Xiaoxue Xia

{"title":"Regulator as a minority shareholder and corporate fraud: Quasi-natural experiment evidence from the pilot project of China Securities Investor Services Center","authors":"Ziying Zhao , Chao Lu , Xiaoxue Xia","doi":"10.1016/j.bar.2023.101242","DOIUrl":"10.1016/j.bar.2023.101242","url":null,"abstract":"<div><div>The China Securities Investor Services Centre (CSISC) is a unique governance mechanism in China, backed by the Chinese regulator. This institution holds 100 shares of each public firm in the pilot<span> regions and monitors large shareholders by exercising its rights. Using a difference-in-difference (DID) methodology, the study investigates a sample of Chinese listed firms from 2013 to 2017 to evaluate the role of regulatory minority shareholders in curbing corporate fraud, yielding consistent and robust results. The findings of the mechanism tests indicate that CSISC shareholding significantly reduces the propensity for fraud while increasing the probability of fraud detection. The results of heterogeneity tests show that the effect of CSISC shareholdings on corporate fraud is more pronounced in firms with severe internal agency problems and poorer external governance environments. Additional analyses examine the impact of CSISC shareholdings on different types of corporate fraud and show that it significantly reduces disclosure and operational fraud. This research has important implications for improving minority shareholder protection in countries with concentrated ownership structures and for constraining corporate fraud.</span></div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 6","pages":"Article 101242"},"PeriodicalIF":5.5,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48256620","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

Determinants and consequences of sales/production report issuance 发布销售/生产报告的决定因素和后果

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-09-01 DOI: 10.1016/j.bar.2023.101266

Renhui Fu , Chen Ma , Yamin Zeng , Junsheng Zhang

引用次数: 0