Journal of Accounting Research最新文献_第10页

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IF 6.3 2区管理学

Journal of Accounting Research Pub Date : 2025-10-25 DOI: 10.1111/1475-679X.70022

引用次数: 0

IF 6.3 2区管理学

Journal of Accounting Research Pub Date : 2025-10-01 DOI: 10.1111/1475-679X.70019

KELVIN K. F. LAW, JINGDAN TAN

{"title":"Diversity Tokenism","authors":"KELVIN K. F. LAW, JINGDAN TAN","doi":"10.1111/1475-679X.70019","DOIUrl":"10.1111/1475-679X.70019","url":null,"abstract":"<p>Using data from over 4,000 Black Lives Matter (BLM) protests across 600 U.S. counties from 2014 to 2021, we examine how BLM activism shapes corporate diversity at different organizational levels. We develop an approach integrating OpenAI's GPT-4 with Chain-of-Thought prompting to classify race and ethnicity. In our validation tests, this method achieves higher accuracy than several tested open-source algorithms. Our main findings are as follows. First, although firms headquartered in protest-affected counties add more Black directors, particularly in larger protests, this gain appears to largely offset the representation of other non-Black minority directors. Second, these board-level shifts do not consistently extend to executives or the general workforce. In contrast, a gap may emerge between a firm's workforce composition and local labor-market demographics, particularly in the representation of Black employees. This pattern is consistent with diversity tokenism, which suggests firms may prioritize high-visibility board appointments and potentially downplay broader, transformative change. Our findings indicate that although board-level diversity gains are highly visible and attract notable public attention, they may not be accompanied by an organization's transformative commitment to company-wide diversity.</p>","PeriodicalId":48414,"journal":{"name":"Journal of Accounting Research","volume":"64 1","pages":"317-363"},"PeriodicalIF":6.3,"publicationDate":"2025-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-679X.70019","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145254609","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Accounting for Cryptocurrencies* 加密货币会计*

IF 6.3 2区管理学

Journal of Accounting Research Pub Date : 2025-09-15 DOI: 10.1111/1475-679x.70018

Chelsea M. Anderson, Vivian W. Fang, James R. Moon Jr, Jonathan E. Shipman

{"title":"Accounting for Cryptocurrencies*","authors":"Chelsea M. Anderson, Vivian W. Fang, James R. Moon Jr, Jonathan E. Shipman","doi":"10.1111/1475-679x.70018","DOIUrl":"10.1111/1475-679x.70018","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper explores U.S. public firms’ cryptocurrency holdings and accounting practices from 2013 to 2022 against the backdrop of the recently enacted crypto accounting rule, ASU 2023-08. Descriptive analyses suggest exponential growth in corporate crypto holdings and significant variation in crypto accounting practices, underscoring the rule's necessity. Hypothesis tests using the pre-rule data reveal three insights with direct relevance to the rule. First, firms appear to view crypto assets more akin to investments than intangible assets, consistent with the rule's mandate of the fair value model. Second, Big 4 auditors steer firms toward the impairment model and less detailed presentation choices. This conservative approach is unlikely to meet the new rule's goal of providing the most decision-useful information. Third, increased liquidity of crypto markets prompts the use of the fair value model and a more detailed presentation, consistent with the rule's focus on more actively traded tokens. However, within our sample, we find some evidence consistent with fair value reporting increasing stock return volatility and no evidence that it enhances earnings informativeness.</p>\u0000 </div>","PeriodicalId":48414,"journal":{"name":"Journal of Accounting Research","volume":"64 1","pages":"45-79"},"PeriodicalIF":6.3,"publicationDate":"2025-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145072760","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

Listen Closely: Measuring Vocal Tone in Corporate Disclosures 仔细倾听：衡量公司信息披露中的语气

IF 6.3 2区管理学

Journal of Accounting Research Pub Date : 2025-09-09 DOI: 10.1111/1475-679X.70015

Jonas Ewertz, Charlotte Knickrehm, Martin Nienhaus, Doron Reichmann

引用次数: 0

Company Websites: A New Measure of Disclosure 公司网站：一种新的信息披露方式

IF 6.3 2区管理学

Journal of Accounting Research Pub Date : 2025-08-22 DOI: 10.1111/1475-679X.70007

ROMAIN BOULLAND, THOMAS BOURVEAU, MATTHIAS BREUER

引用次数: 0

Freedom of Expression Protection and Corporate Concealment of Bad News: Evidence from State Anti-SLAPP Laws 言论自由保护与企业隐瞒坏消息：来自各州反slapp法的证据

IF 6.3 2区管理学

Journal of Accounting Research Pub Date : 2025-08-13 DOI: 10.1111/1475-679X.70012

JIMMY LEE, SHAPHAN NG, IL SUN YOO, LIANDONG ZHANG

{"title":"Freedom of Expression Protection and Corporate Concealment of Bad News: Evidence from State Anti-SLAPP Laws","authors":"JIMMY LEE, SHAPHAN NG, IL SUN YOO, LIANDONG ZHANG","doi":"10.1111/1475-679X.70012","DOIUrl":"10.1111/1475-679X.70012","url":null,"abstract":"<p>The protection of free speech enhances the ability of various public stakeholders to disseminate privately observed adverse information about public firms, making it difficult for corporate managers to conceal negative information about their companies. Using the staggered enactment of anti-strategic lawsuit against public participation (anti-SLAPP) laws across U.S. states as a shock that strengthens free speech protection, we show that stronger protection is associated with less concealment of bad news. This is evidenced by a lower likelihood of stock price crashes, a decreased probability of accounting fraud, and an increased frequency of firm-initiated negative press releases. These results are more pronounced for states with stronger anti-SLAPP laws and where such laws are likely to be more influential. Moreover, the impact of free speech protection on bad news concealment is more significant for firms with greater ex ante incentives to conceal negative information. Further analyses suggest that free speech protection likely enhances the ability of short sellers, employees, and the media, among others, to reveal bad news about public firms. Finally, we find evidence that strengthened free speech protection also improves financial reporting quality. Our study highlights the importance of free speech protection in enhancing corporate transparency.</p>","PeriodicalId":48414,"journal":{"name":"Journal of Accounting Research","volume":"64 1","pages":"365-415"},"PeriodicalIF":6.3,"publicationDate":"2025-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-679X.70012","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146136179","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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 Foreign Investors’ Information Access Vary with Geopolitical Tensions? Evidence from Corporate Conference Calls 外国投资者获取信息的渠道是否随地缘政治紧张局势而变化？来自公司电话会议的证据

IF 6.3 2区管理学

Journal of Accounting Research Pub Date : 2025-08-13 DOI: 10.1111/1475-679X.70009

YIFEI LU, JOANNA SHUANG WU, YUCHENG (JOHN) YANG

{"title":"Does Foreign Investors’ Information Access Vary with Geopolitical Tensions? Evidence from Corporate Conference Calls","authors":"YIFEI LU, JOANNA SHUANG WU, YUCHENG (JOHN) YANG","doi":"10.1111/1475-679X.70009","DOIUrl":"10.1111/1475-679X.70009","url":null,"abstract":"<p>We study how foreign investors’ access to corporate information varies with pairwise geopolitical tensions between the investor's and investee's countries. Using a sample of 1,760 country-pairs, we find that geopolitical tensions between a conference call host firm's country and a foreign country relate negatively with investor participation from that foreign country as well as the quality and tone of management responses in the call, suggesting reduced foreign investor information access with rising tensions. A single-country analysis of Chinese AB-share firms produces similar inferences. With higher China–foreign tensions, foreign attendance at private meetings with management declines, and English translations of local language disclosures become less frequent and shorter in length. Curtailment in English translations is more pronounced when local language disclosures contain politically sensitive words, suggesting lower information supply by firm choice. Reduced disclosures from geopolitical tensions are impounded in foreign investors’ asset pricing decisions, resulting in steeper foreign-share price discounts.</p>","PeriodicalId":48414,"journal":{"name":"Journal of Accounting Research","volume":"64 1","pages":"417-475"},"PeriodicalIF":6.3,"publicationDate":"2025-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-679X.70009","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146129906","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Amendment Thresholds and Voting Rules in Debt Contracts 债务合同的修正门槛和表决规则

IF 6.3 2区管理学

Journal of Accounting Research Pub Date : 2025-08-13 DOI: 10.1111/1475-679X.70011

JUDSON CASKEY, KANYUAN HUANG, DANIEL SAAVEDRA

引用次数: 0

Do Shared Auditors Facilitate Follow-on Innovation? 共享审核员能促进后续创新吗？

IF 6.3 2区管理学

Journal of Accounting Research Pub Date : 2025-08-12 DOI: 10.1111/1475-679X.70010

XUAN TIAN, JIAWEN YAN, LUO ZUO

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