British Accounting Review最新文献_第9页

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

Quid pro quo? Local government debt and corporate tax avoidance 交换条件？地方政府债务与企业避税

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-09-01 DOI: 10.1016/j.bar.2023.101304

Hongji Xie , Cunzhi Tian , Yuanlin Wu

{"title":"Quid pro quo? Local government debt and corporate tax avoidance","authors":"Hongji Xie , Cunzhi Tian , Yuanlin Wu","doi":"10.1016/j.bar.2023.101304","DOIUrl":"10.1016/j.bar.2023.101304","url":null,"abstract":"<div><div>This study examines the effect of local government debt (LGD) on corporate tax<span> avoidance using a sample of Chinese-listed firms from 2007 to 2019. We find a negative relationship between LGD and tax avoidance only in the municipal state-owned enterprises (SOEs) controlled by the municipal government, suggesting that municipal officials focus on municipal SOEs to raise tax revenues to alleviate debt pressures. Further discussions show that the negative effect of LGD on municipal SOEs' tax avoidance is pronounced in politically connected managers, cities with worse fiscal situations and only present at the early phase of officials' tenure but insignificant later. We examine the economic consequences of politically driven tax planning and find that municipal SOEs with lower tax avoidance subsequently receive more government contracts as favor returns. Such favor exchange changes the distribution of current and future cash flows of the municipal SOEs, which are mainly determined by adjusting the composition of current accruals (i.e., more income-increasing earning management) and cash flow items (i.e., less tax avoidance). This study sheds light on the “two-way favor exchange” between governments and firms and provides implications for understanding local government leaders' heterogeneous incentives for tax enforcement and firms’ competing incentives for tax avoidance.</span></div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 6","pages":"Article 101304"},"PeriodicalIF":5.5,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139194114","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

Impression management, forward-looking strategy-related disclosure, and excess executive compensation: Evidence from China 印象管理、前瞻性战略相关信息披露和超额高管薪酬：来自中国的证据

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-09-01 DOI: 10.1016/j.bar.2024.101430

Jean Jinghan Chen , Jianmei Liu , Li Xie , Xinsheng Cheng

{"title":"Impression management, forward-looking strategy-related disclosure, and excess executive compensation: Evidence from China","authors":"Jean Jinghan Chen , Jianmei Liu , Li Xie , Xinsheng Cheng","doi":"10.1016/j.bar.2024.101430","DOIUrl":"10.1016/j.bar.2024.101430","url":null,"abstract":"<div><div>We investigate whether overpaid executives in Chinese listed firms engage in impression management by using forward-looking strategy-related disclosure (FLSD) in management discussion and analysis (MD&A) narratives to justify their excess compensation. Using a sample of 8437 firm-year observations of Chinese nonfinancial listed firms from 2007 to 2016, we find a significant and positive relationship between executive overpayment and impression management in FLSD. This positive relationship is more pronounced in state-owned enterprises (SOEs) than non-SOEs. We also find that a higher degree of board independence, higher institutional shareholdings, auditors, analysts, and the introduction of the anti-corruption campaign could lower such a positive relationship. These findings suggest that impression management in FLSD is reduced when corporate governance is strengthened. We also find that CEO duality could enhance this positive relationship. Further examining how the market reacts to such impression management, we find an immediate positive and significant market reaction to such impression management at the time of the annual report filing, which could further mitigate the negative perceptions from stakeholders due to excessive pay. Such a positive market reaction is reversed over a longer time horizon, which supports the opportunistic/symbolic nature of impression management in FLSD.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 6","pages":"Article 101430"},"PeriodicalIF":5.5,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S089083892400194X/pdfft?md5=e51a26e62658d3a7ccebac28a309412b&pid=1-s2.0-S089083892400194X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142167402","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

When a financially oriented performance measurement system supports hybrid collective sensemaking: The case of a cooperative bank 当以财务为导向的绩效衡量系统支持混合集体意义构建时:以合作银行为例

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-09-01 DOI: 10.1016/j.bar.2023.101202

Nathalie Bénet , Aude Deville , Séverine Ventolini

{"title":"When a financially oriented performance measurement system supports hybrid collective sensemaking: The case of a cooperative bank","authors":"Nathalie Bénet , Aude Deville , Séverine Ventolini","doi":"10.1016/j.bar.2023.101202","DOIUrl":"10.1016/j.bar.2023.101202","url":null,"abstract":"<div><div><span>A performance measurement system (PMS) is supported by the idea that performance measurements are drivers of organisational performance. Under that assumption, scholars have discussed and tried to develop comprehensive PMSs that include both financial and non-financial measurements. Building on the specific context of a hybrid organisation and findings from a </span>case study<span>, this paper explores how an incomplete and financially oriented PMS in a hybrid setting can nevertheless support collective sensemaking. The findings show how a PMS is used by managers at a cooperative bank as an artefact, supporting conversational and material practices. Combined with the organisation's strong socialisation process and managers and employees' need to defend their social and cooperative identity, a PMS supports the bank's hybrid nature and leads to the avoidance of tension and conflict. That shows that the PMS presents a specific feature: flexibility in its handling and use by managers and employees. This paper thus contributes to the call made in the literature for more studies on PMSs in hybrid organisations by showing that even an incomplete PMS can allow such organisations to avoid tension and conflict relating to their hybrid values.</span></div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 6","pages":"Article 101202"},"PeriodicalIF":5.5,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41465892","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

Signals from CSR competition: The influence of relative CSR performance on analysts’ recommendations 来自企业社会责任竞争的信号：企业社会责任的相对表现对分析师建议的影响

IF 5.5 3区管理学

British Accounting Review Pub Date : 2024-09-01 DOI: 10.1016/j.bar.2023.101298

Jun Zheng , Majid Ghorbani , Yan Yan , Ying Cao

{"title":"Signals from CSR competition: The influence of relative CSR performance on analysts’ recommendations","authors":"Jun Zheng , Majid Ghorbani , Yan Yan , Ying Cao","doi":"10.1016/j.bar.2023.101298","DOIUrl":"10.1016/j.bar.2023.101298","url":null,"abstract":"<div><div>Due to the institutionalization of corporate social responsibility (CSR) and its integration into firm strategy, firms are engaged in fierce competition, which has gained stakeholders' attention. As intermediary stakeholders, security analysts screen information on firms' CSR activities to make more accurate investment recommendations. Integrating signaling through CSR competition and screening theory, we develop a framework wherein firms' relative CSR performance and improvement across two years are viewed as complementary signals reflecting their ability and intent to engage in CSR and affect analysts' recommendations. Using a panel of Chinese listed firms from 2011 to 2019 (n = 15,735 firm-year observations), we find that analysts respond positively to firms' relative CSR performance. Further analyses show that firms' CSR performance improvement has a decreasingly positive effect on analysts’ recommendations, and this effect is more pronounced for firms with higher relative CSR performance. Our study contributes to the literature on CSR and screening theory by highlighting the value of comparative CSR signals and generates practical implications for participants in CSR competitions.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 6","pages":"Article 101298"},"PeriodicalIF":5.5,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0890838923001609/pdfft?md5=b2cd1414f07c72db5ade8c56003b4fa3&pid=1-s2.0-S0890838923001609-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138623821","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