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

Net operating losses and Chapter 11 净经营亏损和破产保护

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-12-20 DOI: 10.1016/j.jaccpubpol.2023.107173

Velia Gabriella Cenciarelli , Alessandro Gabrielli , Giulio Greco

引用次数: 0

Why do audit clients voluntarily disclose the compliance and planning components of auditor provided tax services? 为什么审计客户会自愿披露审计师提供的税务服务中的合规和计划部分？

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-12-16 DOI: 10.1016/j.jaccpubpol.2023.107160

Ronen Gal-Or , Michelle Harding , Vic Naiker , Divesh Sharma

{"title":"Why do audit clients voluntarily disclose the compliance and planning components of auditor provided tax services?","authors":"Ronen Gal-Or , Michelle Harding , Vic Naiker , Divesh Sharma","doi":"10.1016/j.jaccpubpol.2023.107160","DOIUrl":"10.1016/j.jaccpubpol.2023.107160","url":null,"abstract":"<div><p>Criticisms of audit firms marketing and devising tax avoidance strategies for their audit clients have led to calls from regulators, investors, and proxy advisors for more detailed disclosures on the composition of tax non-audit services (NAS). Using a hand-collected dataset, we examine the determinants of audit clients’ voluntary bifurcation of total tax NAS fees into the tax planning and compliance components, and the effect of these voluntary disclosures on firm value. We find that firms with higher levels of tax NAS are more likely to provide this disclosure, as well as firms that engage in higher levels of tax avoidance and have accounting experts serve on the audit committee. Using textual analysis, we find that among voluntary tax NAS fee breakdown disclosers, firms with higher total tax and, specifically, tax planning NAS fees have longer and less similar tax NAS fee disclosures relative to the prior period disclosure. Our firm value analyses indicate higher valuations for firms providing voluntary breakdown disclosures when these disclosures reveal high tax NAS fees generally, and high tax planning NAS fees specifically. The firm valuation effects are incrementally more pronounced when voluntary tax NAS fee breakdown firms report higher tax avoidance and expert audit committee oversight. Our results suggest that the voluntary disclosure of private information regarding the nature of tax NAS is one mechanism through which firms facing scrutiny over the implications of these services can alleviate information asymmetry and stakeholder skepticism of tax NAS.</p></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":"43 ","pages":"Article 107160"},"PeriodicalIF":3.6,"publicationDate":"2023-12-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138688077","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

Labor skill and accounting conservatism 劳动技能和会计保守主义

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-12-09 DOI: 10.1016/j.jaccpubpol.2023.107172

Jeff Zeyun Chen , Youngki Jang , Boochun Jung , Minyoung Noh

引用次数: 0

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":"43 ","pages":"Article 107159"},"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":"43 ","pages":"Article 107171"},"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

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":"42 6","pages":"Article 107152"},"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