Journal of Accounting and Public Policy最新文献_第2页

The impact of joint provision of audit and tax services on the advice of tax professionals

IF 3.3 3区管理学

Journal of Accounting and Public Policy Pub Date : 2025-02-21 DOI: 10.1016/j.jaccpubpol.2025.107293

Devan Mescall, Regan N. Schmidt

{"title":"The impact of joint provision of audit and tax services on the advice of tax professionals","authors":"Devan Mescall, Regan N. Schmidt","doi":"10.1016/j.jaccpubpol.2025.107293","DOIUrl":"10.1016/j.jaccpubpol.2025.107293","url":null,"abstract":"<div><div>Prior public policy research has questioned the impact of joint provision of audit and non-audit services by examining auditor behavior and audit quality. This study contributes to the public policy debate by examining the behavior of the non-audit service provider, specifically tax professionals. The results of an experiment provide the first evidence that joint provision of audit and tax services impacts the judgments of the tax professional and reduces the aggressiveness of tax advice provided by experienced tax professionals, consistent with ingroup behavioral theory. In addition, tax professionals’ assessments of uncertainty—the basis for financial statement reserve recognition—are relatively greater when their firm is providing joint audit and tax services. Tax uncertainty assessments mediate the relationship between service provision and tax aggressive advice. Collectively, this study informs the public policy debate by demonstrating that joint provision of audit and non-audit services impacts the non-audit service provided by the same firm and provides clarity on how public policy may decrease tax aggressive advice.</div></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":"50 ","pages":"Article 107293"},"PeriodicalIF":3.3,"publicationDate":"2025-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143453804","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

Disclosure of off-balance sheet financing and financial reporting quality

IF 3.3 3区管理学

Journal of Accounting and Public Policy Pub Date : 2025-02-03 DOI: 10.1016/j.jaccpubpol.2025.107285

Tae-Nyun Kim, Yutong Xie

引用次数: 0

Financial reporting during gloomy days: Air pollution and real earnings management

IF 3.3 3区管理学

Journal of Accounting and Public Policy Pub Date : 2025-01-29 DOI: 10.1016/j.jaccpubpol.2025.107283

Huaxi Zhang , Byungcherl Charlie Sohn , Kexin Zhang

{"title":"Financial reporting during gloomy days: Air pollution and real earnings management","authors":"Huaxi Zhang , Byungcherl Charlie Sohn , Kexin Zhang","doi":"10.1016/j.jaccpubpol.2025.107283","DOIUrl":"10.1016/j.jaccpubpol.2025.107283","url":null,"abstract":"<div><div>We investigate whether long-term exposure to polluted air affects a firm’s real earnings management (REM). Using a sample of U.S. listed firms and <em>Visibility</em>, a novel measure of air pollution, we find that firms whose managers and employees are exposed to polluted air are more likely to engage in short-term-oriented REM. However, these firms do not show significant differences in accrual-based earnings management (AEM). A one standard deviation decrease in <em>Visibility</em> is associated with a 24.3 percent increase in REM. Interestingly, this effect is disproportionately associated with the overproduction of inventory and cuts in discretionary expenses, rather than in the manipulation of sales prices or credit terms. The impact of polluted air on REM is more pronounced in firms with high analyst pressure, no credit rating, low institutional ownership, or poor corporate governance. The results suggest the existence of earnings-target-oriented managerial myopia among firms exposed to polluted air. Cognitive biases among managers and reduced employee productivity, both induced by air pollution, are potential channels through which polluted air triggers firms’ myopic earnings management behaviors.</div></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":"50 ","pages":"Article 107283"},"PeriodicalIF":3.3,"publicationDate":"2025-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143158174","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

Earnings management by banks through loan loss provisioning during downturns

IF 3.3 3区管理学

Journal of Accounting and Public Policy Pub Date : 2025-01-21 DOI: 10.1016/j.jaccpubpol.2025.107282

Alessandra Allini , Martina Prisco , David A. Ziebart , Riccardo Macchioni

{"title":"Earnings management by banks through loan loss provisioning during downturns","authors":"Alessandra Allini , Martina Prisco , David A. Ziebart , Riccardo Macchioni","doi":"10.1016/j.jaccpubpol.2025.107282","DOIUrl":"10.1016/j.jaccpubpol.2025.107282","url":null,"abstract":"<div><div>This study investigates whether and how downturns affect earnings management through loan loss provisioning in banks with poor performance. We capture downturns using three different crises that have significantly impacted the banking context, i.e., the Global Financial Crisis, the Sovereign Debt Crisis, and the Covid-19 pandemic. Based on a sample of 1,430 United States and European Union banks, we find that banks with negative pre-managed earnings recognize higher loan loss provisions to adjust downward earnings during downturns. Further tests show that such higher provisions are not significantly associated with future net charge-offs, whereas they are positively associated with future returns on assets. Collectively, empirical evidence suggests that banks with negative pre-managed earnings recognize higher than necessary losses during downturns to report better future performance. This study contributes to previous literature on earnings management by banks and offers insightful practical implications to regulators, policymakers, and investors, who are interested in evaluating the quality of financial reporting.</div></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":"50 ","pages":"Article 107282"},"PeriodicalIF":3.3,"publicationDate":"2025-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143158176","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

Bribes and audit fees

IF 3.3 3区管理学

Journal of Accounting and Public Policy Pub Date : 2025-01-01 DOI: 10.1016/j.jaccpubpol.2024.107277

Stavriana Hadjigavriel , María Gutiérrez-Urtiaga , Susana Gago-Rodríguez

引用次数: 0

Incentive effects of tax transparency: Does country-by-country reporting call for arbitration?

IF 3.3 3区管理学

Journal of Accounting and Public Policy Pub Date : 2025-01-01 DOI: 10.1016/j.jaccpubpol.2024.107278

Jan Thomas Martini , Rainer Niemann , Dirk Simons , Dennis Voeller

{"title":"Incentive effects of tax transparency: Does country-by-country reporting call for arbitration?","authors":"Jan Thomas Martini , Rainer Niemann , Dirk Simons , Dennis Voeller","doi":"10.1016/j.jaccpubpol.2024.107278","DOIUrl":"10.1016/j.jaccpubpol.2024.107278","url":null,"abstract":"<div><div>The OECD proposes mandatory fiscal arbitration as a means of dispute resolution between tax authorities to avoid double taxation of multinational enterprises' profits. We investigate the effects of mandatory fiscal arbitration on tax-audit qualities in a two-country setting with country-by-country reporting (CbCR) and a tax rate differential. Our analytical model shows that tax-audit quality in the high-tax country increases under CbCR because finer information raises tax-audit effectiveness. In contrast, the low-tax country refrains from auditing as it benefits from profit shifting. While arbitration resolves double taxation, its effects on tax-audit quality depend on the procedure in place. An approach based on exogenous negotiation powers lowers audit quality, a final-offer arbitration preserves audit quality, and an independent-opinion arbitration with minimum-quality requirement offers the strongest audit incentives: even the low-tax country engages in auditing. Our findings contribute to the policy debate about interdependencies between firm-level tax policies, national fiscal enforcement, and international fiscal cooperation.</div></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":"49 ","pages":"Article 107278"},"PeriodicalIF":3.3,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143172571","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

WSJ reporting of price-to-earnings ratios and attention to earnings

IF 3.3 3区管理学

Journal of Accounting and Public Policy Pub Date : 2025-01-01 DOI: 10.1016/j.jaccpubpol.2024.107279

Richard Frankel , Yanrong Jia , Yan Sun

引用次数: 0

How does mandated sustainability disclosure about conflict minerals affect supply chain finance?

IF 3.3 3区管理学

Journal of Accounting and Public Policy Pub Date : 2025-01-01 DOI: 10.1016/j.jaccpubpol.2024.107275

Jia Guo , Jeffrey Ng , Andy C.L. Yeung , Janus Jian Zhang

{"title":"How does mandated sustainability disclosure about conflict minerals affect supply chain finance?","authors":"Jia Guo , Jeffrey Ng , Andy C.L. Yeung , Janus Jian Zhang","doi":"10.1016/j.jaccpubpol.2024.107275","DOIUrl":"10.1016/j.jaccpubpol.2024.107275","url":null,"abstract":"<div><div>We use the 2010 Dodd-Frank Act, which mandated that firms disclose the use of conflict minerals in their supply chain, to investigate whether and how conflict minerals disclosure (CMD) impacts the trade credit that a firm receives from its suppliers. Using a large sample of U.S. firms from 2014 to 2016, we find that firms that provide more-specific, rather than less-specific, CMD receive 6.45% more trade credit. This finding is consistent with more-specific CMD enhancing firms’ supply chain visibility, as well as reducing suppliers’ adverse selection concerns about lending to socially irresponsible firms. Consistent with the enhanced supply chain visibility channel, we find that the positive association is more pronounced for firms with more product market competition or financial constraints. In keeping with the reduced adverse selection channel, we find a more pronounced positive association for firms with weaker monitoring by non-supplier stakeholders. Finally, we find that firms with more-specific CMD provide less downstream trade credit, suggesting that the reputational benefit gained from disclosing socially responsible sourcing enables these firms to rely less on trade credit to attract or capture customers. Overall, our paper offers novel insight into how mandated sustainability disclosures, specifically CMD, affect supply chain finance.</div></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":"49 ","pages":"Article 107275"},"PeriodicalIF":3.3,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143171549","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

Options trading and corporate debt structure

IF 3.3 3区管理学

Journal of Accounting and Public Policy Pub Date : 2025-01-01 DOI: 10.1016/j.jaccpubpol.2024.107274

Jie (Jay) Cao , Michael Hertzel , Jie (Jessica) Xu , Xintong (Eunice) Zhan

引用次数: 0

The role of public auditing in delegated governance

IF 3.3 3区管理学

Journal of Accounting and Public Policy Pub Date : 2025-01-01 DOI: 10.1016/j.jaccpubpol.2024.107281

Stephan Leixnering , Markus A. Höllerer , Tobias Polzer , Michael Schiffinger

{"title":"The role of public auditing in delegated governance","authors":"Stephan Leixnering , Markus A. Höllerer , Tobias Polzer , Michael Schiffinger","doi":"10.1016/j.jaccpubpol.2024.107281","DOIUrl":"10.1016/j.jaccpubpol.2024.107281","url":null,"abstract":"<div><div>Delegated governance is a defining feature of modern public sectors around the globe. In such settings, a variety of decentralized providers delivers public services while the accountability for service delivery remains with the administration. The management of relationships with providers has thus become a critical administrative task. The central position occupied by public audit institutions in these relationships has so far been poorly understood and largely under-researched. Our work unpacks how administrative units react to audits that identify performance and coordination issues in service delivery. Investigating delegated governance in the City of Vienna, our findings demonstrate that administrative units respond in two ways: by undertaking authoritative measures, and, to a lesser extent, by reaching out for dialogue with providers. We therefore suggest that audits not only strengthen administrative accountability but also improve relationship management in settings of delegated governance, filling the vacuum of control and communication between administrative units and service providers.</div></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":"49 ","pages":"Article 107281"},"PeriodicalIF":3.3,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099686","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