Journal of Business Finance & Accounting最新文献_第4页

The beguiling behaviour of narcissistic CEOs: Evidence from repurchase announcements 自恋型首席执行官的诱人行为：来自回购公告的证据

IF 2.9 3区管理学

Journal of Business Finance & Accounting Pub Date : 2024-03-26 DOI: 10.1111/jbfa.12796

Evans O. Boamah, Shantanu Banerjee

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引用次数: 0

Audit partner style and financial statement comparability: New evidence from the US market 审计合伙人风格与财务报表可比性：来自美国市场的新证据

IF 2.2 3区管理学

Journal of Business Finance & Accounting Pub Date : 2024-03-21 DOI: 10.1111/jbfa.12798

Tracie Frost, Zhijian Chris He, Xin Luo, Derrald Stice

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引用次数: 0

Tax enforcement and corporate cash holdings 税收执法与公司现金持有

IF 2.2 3区管理学

Journal of Business Finance & Accounting Pub Date : 2024-03-06 DOI: 10.1111/jbfa.12795

Jiaren Pang, Kun Wang, Le Zhao

引用次数: 0

The unintended cost of data breach notification laws: Evidence from managerial bad news hoarding 数据泄露通知法的意外成本：管理者囤积坏消息的证据

IF 2.2 3区管理学

Journal of Business Finance & Accounting Pub Date : 2024-03-06 DOI: 10.1111/jbfa.12794

Ivan Obaydin, Limin Xu, Ralf Zurbruegg

引用次数: 0

Political contributions and the auditor–client relationship 政治献金与审计师-客户关系

IF 2.2 3区管理学

Journal of Business Finance & Accounting Pub Date : 2024-03-05 DOI: 10.1111/jbfa.12791

Frank Heflin, Dana Wallace

引用次数: 0

Excess control of family board seats and corporate innovation 家族董事会席位的过度控制与企业创新

IF 2.2 3区管理学

Journal of Business Finance & Accounting Pub Date : 2024-03-02 DOI: 10.1111/jbfa.12793

Suyun Chen, Zongze Li, Lingling Chu, Qingzi Cao

引用次数: 0

Corporate disclosure differences around the world: International evidence 全球企业信息披露的差异：国际证据

IF 2.2 3区管理学

Journal of Business Finance & Accounting Pub Date : 2024-02-13 DOI: 10.1111/jbfa.12790

Zihua Liu, Ziyao San, Albert Tsang, Li Yu

{"title":"Corporate disclosure differences around the world: International evidence","authors":"Zihua Liu, Ziyao San, Albert Tsang, Li Yu","doi":"10.1111/jbfa.12790","DOIUrl":"10.1111/jbfa.12790","url":null,"abstract":"We examine whether and how variations in country-level institutional factors explain the intensity, diversity and informativeness of corporate disclosures around the world. Using a comprehensive corporate disclosure dataset containing more than 100 types of disclosures from firms domiciled in 35 countries, we examine the effect of four core country-level institutional factors—legal system, creditor/investor rights, political process and societal characteristics—on corporate disclosures. Our results suggest that the country-level institutional factor, which is likely to capture the legal system of a country, is negatively associated with the intensity, diversity and informativeness of disclosure. Moreover, our results suggest that the level of creditor/investor rights protection, political process and societal characteristics can also consistently affect the production, diversity and informativeness of disclosures. Overall, our evidence broadens our collective understanding of how core institutional factors at the society and country levels systematically explain corporate disclosures and their associated informativeness.","PeriodicalId":48106,"journal":{"name":"Journal of Business Finance & Accounting","volume":"51 9-10","pages":"2592-2634"},"PeriodicalIF":2.2,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139758516","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

Variable rate premiums and defined benefit pension funding 可变利率保费和固定福利养老金筹资

IF 2.2 3区管理学

Journal of Business Finance & Accounting Pub Date : 2024-02-13 DOI: 10.1111/jbfa.12777

Abbie Sadler

{"title":"Variable rate premiums and defined benefit pension funding","authors":"Abbie Sadler","doi":"10.1111/jbfa.12777","DOIUrl":"10.1111/jbfa.12777","url":null,"abstract":"This study investigates the association between variable rate premiums (VRPs) charged by the Pension Benefit Guaranty Corporation (PBGC) and defined benefit pension funding in the United States. The PBGC requires VRPs from firms that fail to adequately fund their pension plans. Because millions rely on pension income, it is important to understand how government incentives impact pension funding decisions. In the aggregate, VRPs are positively associated with increases in pension funding. However, these premiums are not associated with excess pension contributions (EPCs) for financially distressed firms. These results suggest that financially distressed US firms engage in risk shifting. The lack of association persists even for financially distressed firms with tax benefits associated with pension funding. Finally, the association between VRPs and EPCs holds only for firms with combined lower borrowing costs and higher premiums. This finding suggests that higher premiums are not an effective incentive when firms also face higher borrowing costs and that lower premiums are not an effective incentive for EPCs, regardless of a firm's borrowing cost.","PeriodicalId":48106,"journal":{"name":"Journal of Business Finance & Accounting","volume":"51 9-10","pages":"2561-2591"},"PeriodicalIF":2.2,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jbfa.12777","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139758621","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

The reputational costs of connections to controversial politicians: Evidence from political scandals 与有争议的政治人物建立联系的声誉成本：政治丑闻的证据

IF 2.2 3区管理学

Journal of Business Finance & Accounting Pub Date : 2024-02-06 DOI: 10.1111/jbfa.12788

Susanne Preuss, Jacco L. Wielhouwer

引用次数: 0

Acquisitions and social capital 收购和社会资本

IF 2.2 3区管理学

Journal of Business Finance & Accounting Pub Date : 2024-01-31 DOI: 10.1111/jbfa.12787

Hasibul Chowdhury, Ashrafee Hossain, Anand Jha

{"title":"Acquisitions and social capital","authors":"Hasibul Chowdhury, Ashrafee Hossain, Anand Jha","doi":"10.1111/jbfa.12787","DOIUrl":"10.1111/jbfa.12787","url":null,"abstract":"We examine the association between the social capital—social norms that encourage altruism and discourage opportunism—in the state of the firm's headquarters and the acquisitions it makes. We find that the cumulative abnormal return around an acquisition announcement is high when an acquirer is headquartered in a high social capital state in the United States. This effect is robust and incremental to the effect of a firm's corporate social responsibility (CSR) ratings and economically comparable to the effect of corporate governance. The effect of social capital is stronger for firms that have lower CSR ratings, which indicates social capital may act as a substitute for CSR. An additional analysis shows that social capital's effect is stronger in a subsample of firms with weak corporate governance. Acquirers from states with high social capital also demonstrate less hubris in acquiring targets than those from states with low social capital as the evidence of lower bid premiums indicates. Overall, our results show that the social norms that social capital measures mitigate potential agency problems in acquisitions by inducing managers to honor their obligations to shareholders.","PeriodicalId":48106,"journal":{"name":"Journal of Business Finance & Accounting","volume":"51 9-10","pages":"2490-2522"},"PeriodicalIF":2.2,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139909607","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