Journal of Accounting and Public Policy最新文献_第9页

Foreign exchange risk and audit pricing: Evidence from U.S. multinational corporations 外汇风险与审计定价：来自美国跨国公司的证据

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2024-04-04 DOI: 10.1016/j.jaccpubpol.2024.107196

Yuyuan Chang , Yangyang Fan , Lixin Nancy Su

引用次数: 0

Theoretical analysis of non-deductible expenses: Implications for the design of compensation contracts 不可抵扣费用的理论分析：对补偿合同设计的影响

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2024-04-02 DOI: 10.1016/j.jaccpubpol.2024.107195

Yutaro Murakami , Toshiaki Wakabayashi

引用次数: 0

Does the risk aversion of accountants matter? Female rank-and-file accounting employees and internal control quality 会计师的风险规避能力重要吗？女性普通会计员工与内部控制质量

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2024-03-19 DOI: 10.1016/j.jaccpubpol.2024.107194

Chuchu Liang , Ben Lourie , Alexander Nekrasov

引用次数: 0

Economic consequences of expanding sales tax nexus: Evidence from stock price reactions to the Wayfair decision 扩大销售税关系的经济后果：从股价对 Wayfair 决定的反应中得出的证据

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2024-03-01 DOI: 10.1016/j.jaccpubpol.2024.107190

Thomas R. Kubick , Thomas C. Omer , Courtney E. Yazzie

{"title":"Economic consequences of expanding sales tax nexus: Evidence from stock price reactions to the Wayfair decision","authors":"Thomas R. Kubick , Thomas C. Omer , Courtney E. Yazzie","doi":"10.1016/j.jaccpubpol.2024.107190","DOIUrl":"https://doi.org/10.1016/j.jaccpubpol.2024.107190","url":null,"abstract":"<div><p>We analyze investor reactions to the United States Supreme Court decision in <em>South Dakota v. Wayfair, Inc., Overstock.com, Inc., and Newegg, Inc.</em> (hereafter <em>Wayfair</em>), which overturned decades of judicial doctrine related to sales tax nexus. <em>Wayfair's</em> precedent provides a broadening of sales tax nexus and a significant increase in compliance costs. It also levels the playing field by requiring more firms without a physical presence to collect sales tax. We document negative stock market reactions surrounding the date the Supreme Court agreed to hear the case and the date the decision was announced for firms likely to experience increased compliance costs and a decrease in market share. In contrast, we observe positive market reactions for firms likely to benefit from states requiring firms lacking a physical presence to collect sales tax. Additional tests reveal that investments in auditor-provided tax and non-audit services increased, and the accuracy of analyst earnings forecasts decreased for firms most likely negatively affected by the decision. We also show that our sample firms identified as likely to be positively (negatively) affected by <em>Wayfair</em> experienced increased sales (operating costs) following the decision. Our results reveal that the court-induced expansion of the sales tax nexus doctrine significantly influenced investor perceptions of the costs and benefits for affected firms.</p></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":"44 ","pages":"Article 107190"},"PeriodicalIF":3.6,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140030899","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

Parent firm dividend payouts and subsidiary earnings management: Evidence from mandatory dividend policy 母公司股利支付与子公司盈利管理：来自强制性股利政策的证据

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2024-03-01 DOI: 10.1016/j.jaccpubpol.2024.107192

Dongmin Kong , Mianmian Ji , Lihua Liu

{"title":"Parent firm dividend payouts and subsidiary earnings management: Evidence from mandatory dividend policy","authors":"Dongmin Kong , Mianmian Ji , Lihua Liu","doi":"10.1016/j.jaccpubpol.2024.107192","DOIUrl":"https://doi.org/10.1016/j.jaccpubpol.2024.107192","url":null,"abstract":"<div><p>Despite the increasing prevalence of business group structures, earnings management within these groups has not been thoroughly explored, particularly concerning the impact of internal decision-making processes. This study fills this gap by investigating the effect of parent firm dividends on the earnings management of subsidiaries within a group. Using the establishment of China’s State-owned Capital Operating Budget System as an exogenous shock, we find that parent firm dividends significantly reduce the earnings management of subsidiaries. A mechanism analysis reveals that the improved earnings quality is primarily driven by the increased financing demand due to net capital outflow at subsidiaries rather than the agency problem mechanism based on dividend agency cost theory. Parent firm dividends primarily reduce downward earnings management and have a stronger influence on subsidiaries with shorter control chains. Heterogeneity analysis shows that this mitigating effect is more pronounced in firms with weaker external financial support and higher information asymmetry. Overall, we analyze how dividends paid by state-owned parent firms affect earnings management among their subsidiaries, offering valuable insights to business groups and state-owned entity managers involved in corporate governance.</p></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":"44 ","pages":"Article 107192"},"PeriodicalIF":3.6,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140121878","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

Gender difference in CFO communication: Evidence from earnings calls 首席财务官沟通中的性别差异：财报电话会议的证据

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2024-03-01 DOI: 10.1016/j.jaccpubpol.2024.107193

Julia Klevak , Joshua Livnat , Kate Suslava

引用次数: 0

Regulatory fragmentation and internal control weaknesses 监管分散和内部控制薄弱

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2024-02-19 DOI: 10.1016/j.jaccpubpol.2024.107191

Hongkang Xu

{"title":"Regulatory fragmentation and internal control weaknesses","authors":"Hongkang Xu","doi":"10.1016/j.jaccpubpol.2024.107191","DOIUrl":"https://doi.org/10.1016/j.jaccpubpol.2024.107191","url":null,"abstract":"<div><p>This study examines the relationship between regulatory fragmentation and internal control weaknesses in U.S. firms using a dataset sourced from the Federal Register. The findings reveal a significant negative association between regulatory fragmentation and the likelihood of internal control weaknesses. The study further finds that regulatory fragmentation reduces the number of internal control weaknesses. These results suggest that regulatory fragmentation plays a beneficial role in enhancing the effectiveness of internal control mechanisms. Alternative empirical specifications and identification strategies are employed to address endogeneity concerns, supporting the robustness of the main findings. Unlike existing literature emphasizing the adverse effect of regulatory fragmentation, this study highlights the benefits of coordinated regulatory fragmentation in mitigating internal control vulnerabilities and strengthening corporate governance. The findings provide valuable insights for policymakers and companies, emphasizing the need to consider regulatory fragmentation as a means to enhance internal control practices and promote stronger corporate governance.</p></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":"44 ","pages":"Article 107191"},"PeriodicalIF":3.6,"publicationDate":"2024-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139901413","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

Intraday disclosure timing deviations and their implications for financial reporting 盘中披露时间偏差及其对财务报告的影响

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2024-01-27 DOI: 10.1016/j.jaccpubpol.2023.107177

Jennifer Wu Tucker , Angie Wang

引用次数: 0

Is the mispricing of bank earnings related to financial regulation uncertainty? 银行盈利的错误定价是否与金融监管的不确定性有关？

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2024-01-26 DOI: 10.1016/j.jaccpubpol.2024.107180

Tuan Ho , Edward Lee , Gerald J. Lobo , Zhenmei Zhu

引用次数: 0

The mandatory audit partner rotation policy and cost of debt 强制性审计合伙人轮换政策和债务成本