Journal of Business Finance & Accounting最新文献_第9页

Restricting CEO pay backfires: Evidence from China 限制首席执行官薪酬会适得其反：来自中国的证据

IF 2.9 3区管理学

Journal of Business Finance & Accounting Pub Date : 2023-07-13 DOI: 10.1111/jbfa.12741

Kee-Hong Bae, Zhaoran (Jason) Gong, Wilson H. S. Tong

引用次数: 0

Environment-specific political risk mitigation: Political lobbying versus green innovation 缓解特定环境的政治风险：政治游说与绿色创新

IF 2.9 3区管理学

Journal of Business Finance & Accounting Pub Date : 2023-07-12 DOI: 10.1111/jbfa.12740

Sohanur Rahman, Elisabeth Sinnewe, Larelle Chapple, Sarah Osborne

引用次数: 0

Audit committee oversight and bank financial reporting quality 审计委员会的监督与银行财务报告质量

IF 2.9 3区管理学

Journal of Business Finance & Accounting Pub Date : 2023-07-11 DOI: 10.1111/jbfa.12738

Dimitris K. Chronopoulos, Lemonia M. Rempoutsika, John O. S. Wilson

{"title":"Audit committee oversight and bank financial reporting quality","authors":"Dimitris K. Chronopoulos, Lemonia M. Rempoutsika, John O. S. Wilson","doi":"10.1111/jbfa.12738","DOIUrl":"10.1111/jbfa.12738","url":null,"abstract":"This study investigates the impact of audit committee oversight on the financial reporting quality of US bank holding companies. To overcome identification concerns, we use Section 165 h of the Dodd–Frank Wall Street Reform and Consumer Protection Act, which requires publicly traded bank holding companies with assets exceeding $10 billion to have separate audit and risk committees. We utilise a difference-in-differences framework where our treatment group comprises bank holding companies that were required to separate audit and risk oversight functions following the introduction of Section 165 h and our control group comprises counterparts that already had separate audit and risk committees prior to the passage of Section 165 h. We estimate the difference in the behavior of treated bank holding companies between the pre- and post-implementation period of Section 165 h with the same difference in the behavior of control group counterparts and find that the separation of audit and risk committees leads to an improvement in financial reporting quality. We attribute the observed improvements in financial reporting quality to the increased focus of audit committees arising from a reduction in the volume and complexity of tasks undertaken following the implementation of Section 165 h.","PeriodicalId":48106,"journal":{"name":"Journal of Business Finance & Accounting","volume":"51 1-2","pages":"657-687"},"PeriodicalIF":2.9,"publicationDate":"2023-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jbfa.12738","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121500220","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

Reputation is golden: Superstar CEOs and trade credit 信誉是金：超级明星首席执行官与贸易信用

IF 2.9 3区管理学

Journal of Business Finance & Accounting Pub Date : 2023-06-15 DOI: 10.1111/jbfa.12735

Xiaofeng Quan, Cheng Xiang, Ru (Tina) Gao

引用次数: 0

Yesterday is history, tomorrow is a mystery: Directors’ and CEOs’ prior bankruptcy experiences and the financial risk of their current firms 昨天已成为历史，明天还是个谜：董事和首席执行官之前的破产经历及其当前公司的财务风险

IF 2.9 3区管理学

Journal of Business Finance & Accounting Pub Date : 2023-06-12 DOI: 10.1111/jbfa.12736

Mariya N. Ivanova, Henrik Nilsson, Milda Tylaite

引用次数: 0

Flood risk and corporate future orientation: Evidence from sea level rise risk 洪水风险与企业未来定位：海平面上升风险的证据

IF 2.9 3区管理学

Journal of Business Finance & Accounting Pub Date : 2023-05-25 DOI: 10.1111/jbfa.12703

Qingjie Du, Albert Tsang, Yang Wang

引用次数: 0

The spillover effects of financial misconduct on director-interlocked firms: Evidence from auditor scrutiny 财务不当行为对董事关联公司的溢出效应：来自审计师审查的证据

IF 2.9 3区管理学

Journal of Business Finance & Accounting Pub Date : 2023-05-24 DOI: 10.1111/jbfa.12700

Rong Li, Wenjing Cai, Zehao Wang

{"title":"The spillover effects of financial misconduct on director-interlocked firms: Evidence from auditor scrutiny","authors":"Rong Li, Wenjing Cai, Zehao Wang","doi":"10.1111/jbfa.12700","DOIUrl":"10.1111/jbfa.12700","url":null,"abstract":"This paper examines the impact of firm financial misconduct on its director-interlocked firms from the perspective of auditors. We argue that when a firm engages in financial misconduct, auditors tend to perceive its director-interlocked firms as having higher audit risks. This is because accounting policies, procedures and corporate governance can propagate via common directors. Using a sample of listed US firms from 1999 to 2018, we find that auditors charge higher fees for firms whose director-interlocked firms engage in financial misconduct. Further analyses show that this spillover effect is stronger when focal firms are riskier (when they are financially distressed or have worse earnings quality) or they have weaker alternative monitoring mechanisms (as evidenced by lower institutional shareholding). The effect is also more prominent when the tainted directors hold important positions or the financial misconduct is more severe. We also find that the higher auditor fees arise from not only risk premium but also greater audit effort. Our results are still valid after conducting a series of robustness tests.","PeriodicalId":48106,"journal":{"name":"Journal of Business Finance & Accounting","volume":"51 1-2","pages":"511-554"},"PeriodicalIF":2.9,"publicationDate":"2023-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134116148","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

CEO performance-based grants’ vesting provisions and debt contracts: Evidence from GAAP, Non-GAAP and KPI metrics 首席执行官基于绩效的赠款的归属条款和债务合同：来自GAAP、非GAAP和KPI指标的证据

IF 2.9 3区管理学

Journal of Business Finance & Accounting Pub Date : 2023-05-20 DOI: 10.1111/jbfa.12701

Teena Rachel Philip, Daniela Sanchez, Juan Manuel Sanchez

{"title":"CEO performance-based grants’ vesting provisions and debt contracts: Evidence from GAAP, Non-GAAP and KPI metrics","authors":"Teena Rachel Philip, Daniela Sanchez, Juan Manuel Sanchez","doi":"10.1111/jbfa.12701","DOIUrl":"https://doi.org/10.1111/jbfa.12701","url":null,"abstract":"We examine the influence of CEOs’ equity and cash grants’ vesting provisions that are based on (i) accounting performance metrics prepared under US generally accepted principles (GAAP), (ii) non-GAAP performance metrics and (iii) key performance indicators (KPIs) on debt contracts. We find that grants with vesting provisions based on GAAP metrics and KPIs lead to a lower cost of debt, a lower likelihood of collateral requirements and less restrictive covenant terms. In contrast, performance-based grants with non-GAAP vesting provisions lead to a higher cost of debt, a higher likelihood of collateral requirements and more restrictive covenant terms. Supplementary analyses reveal that our results are incremental to other debtholder-friendly features in the CEO contracts, such as grants with debt-related performance measures and CEOs’ inside debt holdings, and robust to alternative variable definitions and specifications. Overall, our results suggest that debtholders understand the differing incentives associated with GAAP, non-GAAP and KPI-based performance measures, and incorporate these differences into debt contracts.","PeriodicalId":48106,"journal":{"name":"Journal of Business Finance & Accounting","volume":"50 5-6","pages":"973-1028"},"PeriodicalIF":2.9,"publicationDate":"2023-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50152821","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: 1

Does it pay to treat employees well?: The case of informal finance 善待员工是否值得？非正规金融案例

IF 2.9 3区管理学

Journal of Business Finance & Accounting Pub Date : 2023-05-17 DOI: 10.1111/jbfa.12702

Vuong Thao Tran, Van Hoang Vu, Anh Le, Dinh Hoang Bach Phan

引用次数: 0

The persistence and consequences of share repurchases 股票回购的持续性和后果

IF 2.9 3区管理学

Journal of Business Finance & Accounting Pub Date : 2023-04-20 DOI: 10.1111/jbfa.12699

Sadok El Ghoul, Omrane Guedhami, Hyunseok Kim, Jungwon Suh

引用次数: 0