Journal of Accounting Research最新文献_第10页

Externalities of Financial Statement Fraud on the Incoming Accounting Labor Force 财务报表舞弊对会计从业人员的外部性

IF 4.4 2区管理学

Journal of Accounting Research Pub Date : 2023-08-04 DOI: 10.1111/1475-679X.12501

ROBERT R. CARNES, DANE M. CHRISTENSEN, PAUL E. MADSEN

{"title":"Externalities of Financial Statement Fraud on the Incoming Accounting Labor Force","authors":"ROBERT R. CARNES, DANE M. CHRISTENSEN, PAUL E. MADSEN","doi":"10.1111/1475-679X.12501","DOIUrl":"https://doi.org/10.1111/1475-679X.12501","url":null,"abstract":"<div>\u0000 \u0000 <p>Financial statement fraud generates many negative effects, including reducing people's willingness to participate in the stock market. If it also stigmatizes accounting, it may similarly adversely affect the quantity and quality of workers willing to become accountants, thereby potentially creating negative effects for years to come. We examine the impact of fraud on the labor force entering the accounting profession, which is a key input into the production of accounting information (i.e., the output). Using data describing millions of college students across the United States, we find incoming students are actually more likely to major in accounting when local frauds occur during their formative years. These students are also more likely to have attributes desired by the accounting profession (e.g., high academic aptitude) and are more likely to subsequently serve in public accounting and become Certified Public Accountants. In the context of other fields (i.e., all college majors), we find that fraud similarly spurs interest in other business disciplines, but not in majors outside of business schools. Those attracted to other business disciplines, however, generally possess different traits. Specifically, students entering accounting are distinctively more likely to exhibit values espoused by the accounting profession, including a predisposition to public service and less commercial orientation. Thus, nonpecuniary motives appear to uniquely drive accounting student enrollment following fraud. Collectively, our findings suggest that, while fraud is unmistakably bad, it appears to have the positive unintended consequence of attracting labor into business disciplines and, in accounting, increasing the prevalence of desirable traits among entrants.</p>\u0000 </div>","PeriodicalId":48414,"journal":{"name":"Journal of Accounting Research","volume":"61 5","pages":"1531-1589"},"PeriodicalIF":4.4,"publicationDate":"2023-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50126671","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Reciprocity in Corporate Tax Compliance—Evidence from Ozone Pollution 企业纳税义务的互惠性——来自臭氧污染的证据

IF 4.4 2区管理学

Journal of Accounting Research Pub Date : 2023-07-26 DOI: 10.1111/1475-679X.12500

TRAVIS CHOW, ZHONGWEN FAN, LI HUANG, OLIVER ZHEN LI, SIMAN LI

引用次数: 0

Issue Information - Request for Papers 问题信息-论文征集

IF 4.4 2区管理学

Journal of Accounting Research Pub Date : 2023-07-25 DOI: 10.1111/1475-679X.12446

引用次数: 0

The Financially Material Effects of Mandatory Nonfinancial Disclosure 强制性非财务披露的财务实质性影响

IF 4.9 2区管理学

Journal of Accounting Research Pub Date : 2023-07-18 DOI: 10.1111/1475-679X.12499

BRIAN GIBBONS

{"title":"The Financially Material Effects of Mandatory Nonfinancial Disclosure","authors":"BRIAN GIBBONS","doi":"10.1111/1475-679X.12499","DOIUrl":"10.1111/1475-679X.12499","url":null,"abstract":"<div>\u0000 \u0000 <p>Complaints from institutional investors suggest that principles-based disclosure regimes that rely on financial materiality standards produce inadequate nonfinancial environmental and social (E&S) information. Using the staggered introduction of 40 country-level regulations that mandate disclosure, I document that reporting E&S information relates to increased investment from institutional owners and has material effects on firms’ investment and financing decisions. Firms mandated to disclose E&S information allocate more investment toward long-term, innovative projects and raise more equity capital. Evidence indicates that disclosure attracts long-term–oriented institutional clientele with E&S preferences, which then feeds back on firm decision making. Although the effects of nonfinancial disclosure are similar to those of improved financial disclosure, this clientele mechanism is unique. Taken together, these results suggest that jurisdictions that rely solely on financial materiality disclosure standards create nonfinancial information frictions with material effects on investors and firm decision making.</p>\u0000 </div>","PeriodicalId":48414,"journal":{"name":"Journal of Accounting Research","volume":"62 5","pages":"1711-1754"},"PeriodicalIF":4.9,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48296577","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Economic Consequences of Transparency Regulation: Evidence from Bank Mortgage Lending 透明度监管的经济后果：来自银行抵押贷款的证据

IF 4.4 2区管理学

Journal of Accounting Research Pub Date : 2023-06-23 DOI: 10.1111/1475-679X.12498

ALLISON NICOLETTI, CHRISTINA ZHU

{"title":"Economic Consequences of Transparency Regulation: Evidence from Bank Mortgage Lending","authors":"ALLISON NICOLETTI, CHRISTINA ZHU","doi":"10.1111/1475-679X.12498","DOIUrl":"https://doi.org/10.1111/1475-679X.12498","url":null,"abstract":"<div>\u0000 \u0000 <p>We examine the economic consequences of a rule designed to improve consumers' understanding of mortgage information. The 2015 TILA-RESPA Integrated Disclosures rule (TRID) simplifies the mortgage disclosures provided to consumers. As a consequence, TRID-affected mortgages become a less attractive investment opportunity to banks. Our main results document that mortgage applications affected by TRID are less likely to be approved following the rule's effective date. We find evidence consistent with both a decrease in consumers' information processing costs and an increase in banks' secondary market frictions, providing insight into the potential channels through which this reduction in mortgage credit operates. We also find that banks partially compensate for reduced mortgage lending by increasing small business lending, and that fintechs absorb mortgage demand in areas with reduced mortgage lending by banks. Our study documents real actions that firms take in response to disclosure transparency regulation and contributes to the literature on the economic consequences of such regulation.</p></div>","PeriodicalId":48414,"journal":{"name":"Journal of Accounting Research","volume":"61 5","pages":"1827-1871"},"PeriodicalIF":4.4,"publicationDate":"2023-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50141912","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Do Governments Hide Resources from Unions? The Influence of Public Sector Unions on Reported Discretionary Fund Balance Ratios 政府是否向工会隐瞒资源?公共部门工会对报告的可自由支配基金余额比率的影响

IF 4.4 2区管理学

Journal of Accounting Research Pub Date : 2023-06-21 DOI: 10.1111/1475-679X.12497

ANGELA K. GORE, YUAN JI, SUSAN L. KULP

{"title":"Do Governments Hide Resources from Unions? The Influence of Public Sector Unions on Reported Discretionary Fund Balance Ratios","authors":"ANGELA K. GORE, YUAN JI, SUSAN L. KULP","doi":"10.1111/1475-679X.12497","DOIUrl":"10.1111/1475-679X.12497","url":null,"abstract":"<div>\u0000 \u0000 <p>We explore whether municipalities with public sector unions exploit aspects of governmental (or “fund”) accounting to obscure the availability of discretionary resources in fund balance accounts, relative to municipalities without public sector unions. We first investigate whether governments with unions report higher proportions of discretionary resources <i>outside</i> of the general fund, a primary measure of financial health, and instead within less prominent fund types. Second, we explore whether governments with unions report lower ratios within accessible general fund balance account categories – that is, report lower proportions of unreserved fund balance. Primary findings are consistent with both hypotheses. Although somewhat mixed, cross-sectional analyses reveal that effects are magnified when unions have more bargaining power, as proxied by the ability to strike or the absence of state right-to-work laws. Further analysis corroborates cross-sectional findings by examining difference-in-differences specifications surrounding the quasi-exogenous shock of Wisconsin's 2011 weakening of state public sector union laws and Ohio's time-varying union contract negotiations. Overall, the evidence suggests that governments with unions shelter resources to avoid the appearance of large discretionary amounts available.</p>\u0000 </div>","PeriodicalId":48414,"journal":{"name":"Journal of Accounting Research","volume":"61 5","pages":"1735-1770"},"PeriodicalIF":4.4,"publicationDate":"2023-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43286107","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Price Rigidities and the Value of Public Information 价格刚性与公共信息的价值

IF 4.4 2区管理学

Journal of Accounting Research Pub Date : 2023-06-08 DOI: 10.1111/1475-679X.12495

LIFENG GU, JIN XIE

引用次数: 0

The Real Effects of Modern Information Technologies: Evidence from the EDGAR Implementation 现代信息技术的实际效果：来自EDGAR实施的证据

IF 4.4 2区管理学

Journal of Accounting Research Pub Date : 2023-06-08 DOI: 10.1111/1475-679X.12496

ITAY GOLDSTEIN, SHIJIE YANG, LUO ZUO

引用次数: 5

Does Public Firms’ Mandatory IFRS Reporting Crowd Out Private Firms’ Capital Investment? 上市公司的强制性IFRS报告是否排挤了私营公司的资本投资？

IF 4.4 2区管理学

Journal of Accounting Research Pub Date : 2023-05-26 DOI: 10.1111/1475-679X.12494

JIANCHENG (DUNCAN) LIU, WEI SHI, CHENG ZENG, GUOCHANG ZHANG

引用次数: 0

Issue Information - Request for Papers 问题信息-论文征集

IF 4.4 2区管理学

Journal of Accounting Research Pub Date : 2023-05-22 DOI: 10.1111/1475-679X.12443

引用次数: 0