British Accounting Review最新文献_第9页

Learning to be green: Accounting comparability and environmental violations 学习绿色：会计可比性与环境违规

IF 9.4 3区管理学

British Accounting Review Pub Date : 2025-09-01 Epub Date: 2023-07-29 DOI: 10.1016/j.bar.2023.101240

Justin Chircop , Monika Tarsalewska , Agnieszka Trzeciakiewicz

引用次数: 0

Do tax incentives make firms greener? Evidence from the accelerated depreciation policy in China 税收优惠能让企业更环保吗？来自中国加速贬值政策的证据

IF 9.4 3区管理学

British Accounting Review Pub Date : 2025-09-01 Epub Date: 2024-11-19 DOI: 10.1016/j.bar.2024.101517

Guoliu Hu , Xiaoqian Li , Zhangfan Cao

{"title":"Do tax incentives make firms greener? Evidence from the accelerated depreciation policy in China","authors":"Guoliu Hu , Xiaoqian Li , Zhangfan Cao","doi":"10.1016/j.bar.2024.101517","DOIUrl":"10.1016/j.bar.2024.101517","url":null,"abstract":"<div><div>This study investigates the impact of tax incentives in the form of accelerated depreciation on corporate environmentally sustainable practices that facilitate the transition towards a low-carbon economy. Using a difference-in-differences estimation that exploits the staggered adoptions of the accelerated depreciation policy for fixed assets in China as a quasi-natural experiment, we investigate the influence of tax incentives on firms' carbon emissions<span>. Our results show that the accelerated depreciation policy significantly reduces carbon emissions of firms operating in industries that adopt the policy relative to the remaining ones. Our study further suggests that the accelerated depreciation policy reduces firms' carbon emissions primarily through investment in abatement facilities, innovation, and productivity. Moreover, we find that the effect of the accelerated depreciation policy on carbon emissions is stronger for firms that are more socially responsible and capital intensive and firms in areas with a higher environmental regulation or a lower economic pressure. Overall, our study highlights the tax incentives as an unintended but paramount means to promote firms’ environmental governance.</span></div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 5","pages":"Article 101517"},"PeriodicalIF":9.4,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145247984","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 the market value the green credit performance of banks? Evidence from bank loan announcements 市场是否重视银行的绿色信贷表现？来自银行贷款公告的证据

IF 9.4 3区管理学

British Accounting Review Pub Date : 2025-09-01 Epub Date: 2023-11-23 DOI: 10.1016/j.bar.2023.101282

Gary Tian , Kun Tracy Wang , Yue Wu

{"title":"Does the market value the green credit performance of banks? Evidence from bank loan announcements","authors":"Gary Tian , Kun Tracy Wang , Yue Wu","doi":"10.1016/j.bar.2023.101282","DOIUrl":"10.1016/j.bar.2023.101282","url":null,"abstract":"<div><div>Despite the key role played by banks in <u>shifting</u> the global economy <u>toward</u><span> sustainable development, little is known about how the integration of environmental considerations into their lending decisions affects their market valuation. Using a sample of announcements of bank loans issued by Chinese listed banks and an event study<span> methodology, this study examines how the market values the green credit performance of banks. We find that banks with superior green credit performance have significantly higher market valuation upon loan announcements. Cross-sectional analyses show that the positive effect of banks' green credit performance is more pronounced when banks are less exposed to political pressures. This positive effect is also stronger when borrowers have strong environmental and social (ES) performance, provide ES disclosures, operate in industries<span> that are not heavily polluting, have high institutional ownership, and are controlled by private shareholders. Finally, our path analysis shows that green credit increases banks' market valuation by improving the prospect of future cash flows and reducing credit risk for banks. Overall, we document that green credit is a value-enhancing practice for banks in emerging markets such as China, where legal institutions and environmental regulations may not be as developed as in more advanced markets.</span></span></span></div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 5","pages":"Article 101282"},"PeriodicalIF":9.4,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139294115","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

Do green assets enhance portfolio optimization? A multi-horizon investing perspective 绿色资产能促进投资组合优化吗？多视角投资

IF 9.4 3区管理学

British Accounting Review Pub Date : 2025-09-01 Epub Date: 2025-02-26 DOI: 10.1016/j.bar.2025.101612

Dongna Zhang , Xingyu Dai , Qunwei Wang

引用次数: 0

Keep a watchful eye on both: The impact of the joint terms of ruling party and government leaders on family firm government subsidies 两方面都要密切关注：执政党和政府领导人的联合条款对家族企业政府补贴的影响

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-07-01 Epub Date: 2024-08-22 DOI: 10.1016/j.bar.2024.101468

Xuan He , Yingyu Zhang

{"title":"Keep a watchful eye on both: The impact of the joint terms of ruling party and government leaders on family firm government subsidies","authors":"Xuan He , Yingyu Zhang","doi":"10.1016/j.bar.2024.101468","DOIUrl":"10.1016/j.bar.2024.101468","url":null,"abstract":"<div><div>Political connections play a key role in family firms receiving government subsidies. However, previous research has not focused on the duality of the political connections between the ruling party and the government. Based on the joint terms of the party and government leaders, which constitutes a new perspective, we analyze how family firms address this duality as they seek stable and continuous subsidies. We test our theory in the context of Chinese listed family firms and local leadership databases between 2007 and 2019. In this empirical study, we demonstrate that longer joint terms for ruling parties and government leaders enhance the stability of family firms’ political connections and benefit enterprises that are more likely to receive continual government subsidies. This effect significantly weakens in regions in which marketization is more advanced because resource allocation gradually shifts from government mandates to the market. Therefore, family firms in such regions must adapt by seeking a stable developmental environment in the midst of dynamic institutional change. In our study, we expand the literature on political connections and the corporate political activity (CPA) of family firms in emerging markets.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 4","pages":"Article 101468"},"PeriodicalIF":5.5,"publicationDate":"2025-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144680477","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

Institutional investor ESG activism and exploratory green innovation: Unpacking the heterogeneous responses of family firms across intergenerational contexts 机构投资者的环境、社会和治理行动主义与探索性绿色创新：解读不同代际背景下家族企业的异质反应

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-07-01 Epub Date: 2024-01-11 DOI: 10.1016/j.bar.2024.101324

Bao Wu , Feng Chen , Lanhua Li , Lei Xu , Zijia Liu , Yaoyao Wu

{"title":"Institutional investor ESG activism and exploratory green innovation: Unpacking the heterogeneous responses of family firms across intergenerational contexts","authors":"Bao Wu , Feng Chen , Lanhua Li , Lei Xu , Zijia Liu , Yaoyao Wu","doi":"10.1016/j.bar.2024.101324","DOIUrl":"10.1016/j.bar.2024.101324","url":null,"abstract":"<div><div><span>This paper investigates the heterogeneous responses to institutional investor ESG<span> activism by expanding reference point theory among non-family firms and family firms with different intergenerational contexts. Using a Chinese family firm database comprising 14,425 observations from 2012 to 2020, this study finds that institutional investor ESG activism is more likely to stimulate exploratory </span></span>green innovation<span> in family firms than in non-family firms. Such linkage between institutional investor ESG activism and exploratory green innovation is stronger in second-generation family firms than in first-generation firms. Furthermore, this study explores the moderating roles of family involvement and financial slack in first- and second-generation family firms as they respond to institutional investor ESG activism. Specifically, both family involvement and financial slack can enhance the positive impact of institutional investor ESG activism on exploratory green innovation in the context of second-generation family firms. The moderating effect of family involvement is not significant, whereas the moderating effect of financial slack turns into be negative in the context of first-generation family firms. Our study highlights the heterogeneous responses to institutional investor ESG activism of family firms with different intergenerational contexts.</span></div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 4","pages":"Article 101324"},"PeriodicalIF":5.5,"publicationDate":"2025-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139637793","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

Substitutes or complements? Use of trade credit and bank credit by family SMEs 替代还是互补？家庭中小企业使用贸易信贷和银行信贷的情况

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-07-01 Epub Date: 2024-08-19 DOI: 10.1016/j.bar.2024.101464

Xianzhe Jin , Jialong Li , Yefeng Wang , Yuan Wang

引用次数: 0

Do client protection principles matter for the economic and social performance of microfinance institutions? 客户保护原则对小额信贷机构的经济和社会绩效有影响吗？

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-07-01 Epub Date: 2024-09-24 DOI: 10.1016/j.bar.2024.101493

Shahadat Hossain , Md Mosharraf Hossain , Vincent K. Chong

{"title":"Do client protection principles matter for the economic and social performance of microfinance institutions?","authors":"Shahadat Hossain , Md Mosharraf Hossain , Vincent K. Chong","doi":"10.1016/j.bar.2024.101493","DOIUrl":"10.1016/j.bar.2024.101493","url":null,"abstract":"<div><div>This study investigates the influence of client protection principles (CPPs) in lending practice on the economic and social performance of Microfinance Institutions (MFIs). The demand for ethical and fair treatment of microfinance borrowers has increased in recent years after several incidences of exploiting clients in different parts of the world. In response to this call, many MFIs adopted CPPs in lending operations to borrowers. However, there is a debate about whether adopting CPPs enhances the economic and social performance of MFIs. We empirically test this using a unique panel dataset of 1015 MFIs (5650 MFI-year observations) operating in 93 countries from 2007 to 2018. We find a positive impact of client protection on social performance in the short- and long-run. The impact of client protection on financial performance is negative in the short run, but the effect diminishes in the long run. Our documented findings are robust across a battery of robustness tests and account for endogeneity using propensity score matching, two-stage least squares estimation, and a two-step system generalized method of moments. Detailed analyses show that not all the client protection principles have a significant impact on MFI performance. Additional analyses show that the influence of CPPs on social performance is more pronounced in larger than smaller MFIs. Also, adopting CPPs increases the clients' access to savings and the MFIs’ access to subsidized funds.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 4","pages":"Article 101493"},"PeriodicalIF":5.5,"publicationDate":"2025-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144680476","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

Mandatory corporate social responsibility spending, family control, and the cost of debt 强制性企业社会责任支出、家庭控制和债务成本

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-07-01 Epub Date: 2024-02-05 DOI: 10.1016/j.bar.2024.101356

Naina Duggal , Lerong He , Tara Shankar Shaw

{"title":"Mandatory corporate social responsibility spending, family control, and the cost of debt","authors":"Naina Duggal , Lerong He , Tara Shankar Shaw","doi":"10.1016/j.bar.2024.101356","DOIUrl":"10.1016/j.bar.2024.101356","url":null,"abstract":"<div><div>This paper examines how corporate compliance with the mandatory corporate social responsibility (CSR) spending regulation affects its cost of debt and how this effect varies with family control and ownership. Utilizing a longitudinal sample of Indian listed firms, we document that compliance with the CSR spending regulation leads to a lower cost of debt, and this relationship is more salient in non-family firms than in family firms. Moreover, the attenuation effect of family firms is stronger in firms both controlled and managed by families, with larger family ownership or managed by non-founder CEOs. We also find that the efficacy of compliance in reducing the cost of borrowing is stronger in firms engaged in CSR activities before the regulatory mandate. Our results are robust to endogeneity tests, different estimation methods, and alternative measures. Overall, we demonstrate that CSR compliance conveys valuable information on firm characteristics through both signaling and screening channels, consequently affecting debtholders' evaluation of firm risk and shaping their lending decisions. However, debtholders' assessments and decisions vary with firms’ ownership and control structure.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 4","pages":"Article 101356"},"PeriodicalIF":5.5,"publicationDate":"2025-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139695958","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

Bridging accounting and finance with entrepreneurship: Business and social perspectives 连接会计和金融与创业：商业和社会的观点

IF 5.5 3区管理学

British Accounting Review Pub Date : 2025-07-01 Epub Date: 2025-04-02 DOI: 10.1016/j.bar.2025.101644

James J. Chrisman , Hanging “Chevy” Fang , Craig Wilson , Zhenyu Wu

引用次数: 0