Journal of Accounting and Public Policy最新文献_第3页

Access to IT-Capable employees and the relevance of financial information 有it能力的员工和相关的财务信息

IF 3.3 3区管理学

Journal of Accounting and Public Policy Pub Date : 2025-03-03 DOI: 10.1016/j.jaccpubpol.2025.107284

J. Philipp Klaus , Adi Masli , Pradeep Sapkota

引用次数: 0

Can innovative enforcement mechanism work in weak investor protection Countries? Evidence from China 创新的执法机制能否在投资者保护薄弱的国家发挥作用？来自中国的证据

IF 3.3 3区管理学

Journal of Accounting and Public Policy Pub Date : 2025-02-23 DOI: 10.1016/j.jaccpubpol.2025.107294

Chenyu Zhang , Jingyan Li , Deqiu Chen , Xu Lou

{"title":"Can innovative enforcement mechanism work in weak investor protection Countries? Evidence from China","authors":"Chenyu Zhang , Jingyan Li , Deqiu Chen , Xu Lou","doi":"10.1016/j.jaccpubpol.2025.107294","DOIUrl":"10.1016/j.jaccpubpol.2025.107294","url":null,"abstract":"<div><div>We examine the effect of China Securities Investor Services Center (ISC) shareholding, a joint public–private enforcement mechanism, on mergers and acquisitions (M&As). Employing a difference-in-differences (DID) analysis, we demonstrate that acquirers whose shares are owned by the ISC (ISC acquirers) encounter more price-related M&A withdrawals, more bid revisions, and shorter deal durations. Such effects are mainly driven by weak investor protection environments, lack of external supervision, and information asymmetry. Mechanism analysis indicates that ISC shareholding has monitoring and demonstration effects by drawing public attention and encouraging minority shareholder activism. Furthermore, ISC acquirers experience positive market reactions on withdrawal announcements and better long-term performance, such as higher stock returns, lower goodwill impairment, and better financial performance. Overall, our study suggests that as a joint public–private enforcement mechanism, ISC shareholding can protect minority shareholders’ interests, especially when the investor protection is weak. Our findings enrich the understanding of the enforcement mechanisms in emerging markets.</div></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":"50 ","pages":"Article 107294"},"PeriodicalIF":3.3,"publicationDate":"2025-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143471529","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

Too much of a good thing? Mandatory risk disclosure and corporate innovation 好事过犹不及？强制性风险披露与企业创新

IF 3.3 3区管理学

Journal of Accounting and Public Policy Pub Date : 2025-02-22 DOI: 10.1016/j.jaccpubpol.2025.107292

Shiu-Yik Au , Hongping Tan

引用次数: 0

The impact of joint provision of audit and tax services on the advice of tax professionals 联合提供审计和税务服务对税务专业人员意见的影响

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 披露表外融资和财务报告质量

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 阴霾时期的财务报告：空气污染与实际盈余管理

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 银行在经济低迷时期通过拨备贷款损失进行的盈余管理

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 贿赂及审计费用

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? 税收透明度的激励效应：国别报告是否需要仲裁？

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 《华尔街日报》对市盈率的报道和对收益的关注

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