Journal of Accounting and Public Policy最新文献_第6页

CEO succession and auditor going concern decisions: An analysis of outsider CEOs and generalist skills 首席执行官继任与审计师持续经营决策：外部首席执行官和通才技能分析

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-12-07 DOI: 10.1016/j.jaccpubpol.2023.107159

Egor Evdokimov, Iliyas Yusoff

{"title":"CEO succession and auditor going concern decisions: An analysis of outsider CEOs and generalist skills","authors":"Egor Evdokimov, Iliyas Yusoff","doi":"10.1016/j.jaccpubpol.2023.107159","DOIUrl":"10.1016/j.jaccpubpol.2023.107159","url":null,"abstract":"<div><p>This study shows how external CEO succession can mitigate external auditors’ propensity to issue a going concern opinion (GCO) in financially distressed firms, particularly when the outsider CEO possesses higher generalist skills relative to the outgoing CEO. We show that our findings are unlikely to be driven by factors such as pre-succession restructuring, institutional ownership, and board quality that could trigger strategic changes and the appointment of an outsider CEO. Further, we provide evidence to rule out the possibility of our results being influenced by self-selection or omitted variables biases. We also find that the ability of outsider CEOs to mitigate going concern opinions in their appointment year significantly contributes to the subsequent improvements in the financial performance of distressed firms. Further tests on some mechanisms through which new external CEOs can reduce the likelihood of going concern opinions show that firms with such CEO appointees are more likely to reduce dividends and labor costs, issue equity, and reduce product similarity of prospector firms relative to their peers.</p></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0278425423001199/pdfft?md5=85fad9e1a87cfbb1924f7647d255e8ed&pid=1-s2.0-S0278425423001199-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138546253","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

Does choice matter? The effect of filing method autonomy on taxpayer aggressiveness in a pre-filled tax return system 选择重要吗?预填式纳税申报制度中申报方法自主性对纳税人进取心的影响

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-12-04 DOI: 10.1016/j.jaccpubpol.2023.107171

Jason M. Schwebke

{"title":"Does choice matter? The effect of filing method autonomy on taxpayer aggressiveness in a pre-filled tax return system","authors":"Jason M. Schwebke","doi":"10.1016/j.jaccpubpol.2023.107171","DOIUrl":"https://doi.org/10.1016/j.jaccpubpol.2023.107171","url":null,"abstract":"<div><p>While pre-filled tax filing systems are the norm in many European countries, individuals in the U.S. are accustomed to the autonomy and control associated with preparing their own tax return. Taking that autonomy away by requiring individuals to use a pre-filled system could have negative consequences. Prior research has shown that implementing a pre-filled system in the U.S. may decrease compliance. Building on prior literature, results of an experiment manipulating filing method (traditional vs. pre-filled) and autonomy (present vs. absent) indicate that taxpayers who are given autonomy to choose the pre-filled system report significantly less aggressively than those forced to use it. Given that the Internal Revenue Service (IRS) revoked its promise not to compete with tax preparation software companies—opening the door for an IRS-created pre-filled filing system—this study has major implications for policymakers. Namely, policymakers would have to decide whether to make a pre-filled tax return system voluntary or mandatory. This study sheds light on the consequences of this policy decision.</p></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138484162","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

The effects of local newspaper closures on nonprofits’ executive compensation 地方报纸关闭对非营利组织高管薪酬的影响

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-12-03 DOI: 10.1016/j.jaccpubpol.2023.107168

Robert Felix , Joshua A. Khavis , Mikhail Pevzner

引用次数: 0

Who participates in corporate income tax consolidation?: Evidence from Japan 谁参与企业所得税合并?:来自日本的证据

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-20 DOI: 10.1016/j.jaccpubpol.2023.107158

Kazuki Onji

引用次数: 0

To replicate or not to replicate? That is the question 复制还是不复制?这就是问题所在

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2023.107151

Divesh S. Sharma

引用次数: 0

Firms’ discretion in the option exercise price adjustments during spinoffs 公司的自由裁量权在期权行使价格调整期间分拆

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2023.107135

Tao Sun

引用次数: 0

Tone management and stock price crash risk 基调管理和股价崩盘风险

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2023.107155

Doron Reichmann

引用次数: 0

Misstatement verifiability and managers’ earnings warning decisions 错报可查证性与经理人盈余预警决策

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2023.107152

Jihun Bae , Jaeyoon Yu

{"title":"Misstatement verifiability and managers’ earnings warning decisions","authors":"Jihun Bae , Jaeyoon Yu","doi":"10.1016/j.jaccpubpol.2023.107152","DOIUrl":"10.1016/j.jaccpubpol.2023.107152","url":null,"abstract":"<div><p>We examine whether the verifiability of misstatements in prior forward-looking earnings disclosures contributes to managers’ decisions to issue earnings warnings. Using securities class action lawsuits from 1996 to 2019 pertaining to forward-looking earnings disclosures, we find that earnings warnings are positively associated with the verifiability of misstatements in such disclosures. The results survive entropy balancing and firm-fixed effects to mitigate endogeneity concerns. The positive relation between earnings warnings and misstatement verifiability is more pronounced for firms 1) with a general counsel in the top management team and 2) that face higher ex-ante litigation risk, and less pronounced for firms whose managers engaged in insider selling during the class action lawsuit period. We also show that earnings warnings help to increase the likelihood of a lawsuit dismissal (i.e., lowering litigation costs) when the lawsuit involves misstatements that are more (rather than less) verifiable. Taken together, our findings suggest that managers issue earnings warnings when it helps to reduce litigation costs, consistent with the notion that managers can achieve a greater reduction in litigation costs by issuing earnings warnings.</p></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0278425423001126/pdfft?md5=f1b8d4f3d10f1b50755a0c51f216bffd&pid=1-s2.0-S0278425423001126-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135707297","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

Do United States Tax Court judge attributes influence the resolution of corporate tax disputes? 美国税务法院法官属性是否影响公司税务纠纷的解决?

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2023.107156

Bradley P. Lindsey , Sophie McDonnell , William J. Moser

引用次数: 0

Due process as a legitimating mechanism: Participation and responsiveness in the development of IFRS 17: Insurance contracts 正当程序作为合法化机制:参与和响应《国际财务报告准则第17号:保险合同》的制定

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2023.107150

Miguel Arce, Begoña Giner, Mohammed Amin Taleb

{"title":"Due process as a legitimating mechanism: Participation and responsiveness in the development of IFRS 17: Insurance contracts","authors":"Miguel Arce, Begoña Giner, Mohammed Amin Taleb","doi":"10.1016/j.jaccpubpol.2023.107150","DOIUrl":"10.1016/j.jaccpubpol.2023.107150","url":null,"abstract":"<div><p>This paper investigates the role of due process in legitimizing the International Accounting Standards Board (IASB) and uses the development of IFRS 17-Insurance Contracts (IASB, 2017a) as a case study. It examines stakeholders’ participation and assesses the IASB’s responsiveness to the views expressed in the comment letters. It focuses on changes in recognition, valuation, and disclosure during the 10-year process, in which the Financial Accounting Standards Board (FASB) played a relevant role. For input and through-put legitimacy analysis, we conduct content analysis of comment letters and consult additional sources to understand key concerns in insurance accounting. The IASB received substantial feedback from diverse stakeholders and geographical regions, primarily preparers and European constituents. Our findings indicate that decisions throughout the standard-setting process align with stakeholders’ interests, without preferential treatment for any groups, affirming the institution’s legitimacy was preserved. This confirms that the IASB’s due process can be seen as a shield against political and constituent pressures. Nevertheless, this study cannot definitively attribute identified changes solely to comment letters, as other channels may have been equally influential.</p></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0278425423001102/pdfft?md5=437fbd8d70c1824496e7b07c13124fb4&pid=1-s2.0-S0278425423001102-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135761238","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