Journal of Accounting Research最新文献_第5页

The Role of Information in Building a More Sustainable Economy: A Supply and Demand Perspective 信息在建设更可持续的经济中的作用：供需视角

IF 4.9 2区管理学

Journal of Accounting Research Pub Date : 2024-10-18 DOI: 10.1111/1475-679X.12581

HENRY L. FRIEDMAN, GAIZKA ORMAZABAL

引用次数: 0

Comply or Explain: Do Firms Opportunistically Claim Trade Secrets in Mandatory Environmental Disclosure Programs? 遵守还是解释？企业在强制性环境信息披露计划中是否伺机索取商业秘密？

IF 4.9 2区管理学

Journal of Accounting Research Pub Date : 2024-10-15 DOI: 10.1111/1475-679X.12583

YILE (ANSON) JIANG

引用次数: 0

Measuring the Prevalence of Earnings Manipulations: A Novel Approach 衡量收益操纵的普遍性：一种新方法

IF 4.9 2区管理学

Journal of Accounting Research Pub Date : 2024-10-08 DOI: 10.1111/1475-679X.12578

NICOLE L. CADE, JOSHUA L. GUNN, ALEX J. VANDENBERG

{"title":"Measuring the Prevalence of Earnings Manipulations: A Novel Approach","authors":"NICOLE L. CADE, JOSHUA L. GUNN, ALEX J. VANDENBERG","doi":"10.1111/1475-679X.12578","DOIUrl":"10.1111/1475-679X.12578","url":null,"abstract":"We provide prevalence estimates for five forms of earnings manipulation based on executives’ reports about their firms’ actual reporting practices. After preregistering our methods and analyses via the Journal of Accounting Research’s registration-based editorial process, we recruit nearly a thousand executives from firms listed in the Russell 3000 Index to participate in either a survey or a list experiment; the hallmark of the latter being additional privacy protections designed to promote honest disclosure about self-incriminating information. In our survey, 26.8% of executives disclose at least one form of earnings manipulation at their firm in the 2018–2023 period: 18.0% report changing an operational activity to meet a near-term earnings target at the expense of long-term value (i.e., real earnings management), 8.8% report intentionally obfuscating unfavorable information, 6.6% report manipulating accruals, 3.9% report withholding material information, and 0.0% report accounting fraud. Our list experiment produces an economically higher result in two cases, estimating that 29.9% of firms engaged in real earnings management and 12.4% committed accounting fraud over the same time period. We conclude that while a traditional survey can provide credible lower-bound estimates for the prevalence of many forms of earnings manipulation, list experiments encourage more honest disclosure in some cases.","PeriodicalId":48414,"journal":{"name":"Journal of Accounting Research","volume":"63 1","pages":"113-164"},"PeriodicalIF":4.9,"publicationDate":"2024-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-679X.12578","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142386277","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

Discontinuous Distribution of Test Statistics Around Significance Thresholds in Empirical Accounting Studies 实证会计研究中检验统计量在显著性阈值附近的不连续分布

IF 4.9 2区管理学

Journal of Accounting Research Pub Date : 2024-09-30 DOI: 10.1111/1475-679X.12579

XIN CHANG, HUASHENG GAO, WEI LI

引用次数: 0

Court Disclosures of Firms in Chapter 11 Bankruptcy 法院对处于破产保护程序中的公司的披露*

IF 4.9 2区管理学

Journal of Accounting Research Pub Date : 2024-09-25 DOI: 10.1111/1475-679X.12576

Ilona Bastiaansen, Alina Lerman, Frank Murphy, Dushyant Vyas

引用次数: 0

Tax Policy Expectations and Investment 税收政策预期与投资

IF 4.9 2区管理学

Journal of Accounting Research Pub Date : 2024-09-25 DOI: 10.1111/1475-679X.12577

John Gallemore, Stephan Hollander, Martin Jacob, Xiang Zheng

{"title":"Tax Policy Expectations and Investment","authors":"John Gallemore, Stephan Hollander, Martin Jacob, Xiang Zheng","doi":"10.1111/1475-679X.12577","DOIUrl":"10.1111/1475-679X.12577","url":null,"abstract":"<div>\u0000 \u0000 This paper examines how firms’ tax policy expectations (TPE) evolve around and relate to their investment responses to changes in tax policy. Using a text-based approach to measuring TPE, we find that two recent tax policy–changing events—namely, the 2016 U.S. presidential election and the enactment of the Tax Cuts and Jobs Act (TCJA)—spawned considerable between- and within-firm variation in TPE, with aggregate time-series patterns in TPE occasionally challenging prevailing assumptions in previous research. Further, we observe that event-induced TPE relate to investment both before and in response to the TCJA's passage in 2017, with offsetting associations between its first and second moments, and that these TPE moderate the TCJA's intended investment-stimulating effect. Furthermore, we document a difference between domestic and multinational firms in their TPE-investment response, with the former (latter) more likely to adjust the level (shift the country location) of their investment. Overall, our findings support the idea that TPE can impact investment behavior in the face of a tax policy change and suggest that our methodology can be used by future research to incorporate TPE into analyses of tax policy effects.\u0000 </div>","PeriodicalId":48414,"journal":{"name":"Journal of Accounting Research","volume":"63 1","pages":"363-412"},"PeriodicalIF":4.9,"publicationDate":"2024-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142317570","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

Internalizing Peer Firm Product Market Concerns: Supply Chain Relations and M&A Activity 同行企业产品市场担忧的内部化：供应链关系与并购活动

IF 4.9 2区管理学

Journal of Accounting Research Pub Date : 2024-09-16 DOI: 10.1111/1475-679X.12574

FARZANA AFRIN, JINHWAN KIM, SUGATA ROYCHOWDHURY, BENJAMIN P. YOST

{"title":"Internalizing Peer Firm Product Market Concerns: Supply Chain Relations and M&A Activity","authors":"FARZANA AFRIN, JINHWAN KIM, SUGATA ROYCHOWDHURY, BENJAMIN P. YOST","doi":"10.1111/1475-679X.12574","DOIUrl":"10.1111/1475-679X.12574","url":null,"abstract":"We explore whether firms internalize the product market concerns of their economically linked peers by examining merger and acquisition decisions in the context of customer–supplier relations. Given the extensive transfer of capital, knowledge, and information between merging parties, we hypothesize that customers’ competition concerns discourage their suppliers from engaging in vertically conflicted transactions (i.e., acquisitions of their customers’ rivals or suppliers to those rivals). Consistent with our hypothesis, we find that suppliers are less likely to engage in such transactions when their customers are subject to higher product market competition. Moreover, the effect is more pronounced when suppliers and customers have greater relationship-specific investments and when customers face heightened proprietary information concerns. Using plausibly exogenous variation in common ownership between customers and their rivals as a shock to customers’ competition concerns, we conclude that the link between customers’ competition concerns and supplier acquisitions is likely causal. Our findings suggest that firms alter their investment and strategic decisions in response to the product market competition concerns of their economically related peers.","PeriodicalId":48414,"journal":{"name":"Journal of Accounting Research","volume":"63 2","pages":"599-647"},"PeriodicalIF":4.9,"publicationDate":"2024-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-679X.12574","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142236959","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

Global Evolution of Environmental and Social Disclosure in Annual Reports 年度报告中环境和社会信息披露的全球演变*

IF 4.9 2区管理学

Journal of Accounting Research Pub Date : 2024-09-12 DOI: 10.1111/1475-679X.12575

Yan Lin, Rui Shen, Jasmine Wang, Y. Julia Yu

引用次数: 0

Sexism, Culture, and Firm Value: Evidence from the Harvey Weinstein Scandal and the #MeToo Movement 性别歧视、文化和公司价值：来自哈维-韦恩斯坦丑闻和 #MeToo 运动的证据

IF 4.9 2区管理学

Journal of Accounting Research Pub Date : 2024-09-04 DOI: 10.1111/1475-679X.12573

KARL V. LINS, LUKAS ROTH, HENRI SERVAES, ANE TAMAYO

引用次数: 0

Financial Transparency of Private Firms: Evidence from a Randomized Field Experiment 私营企业的财务透明度：来自随机现场实验的证据

IF 4.9 2区管理学

Journal of Accounting Research Pub Date : 2024-09-03 DOI: 10.1111/1475-679X.12568

JOACHIM GASSEN, MAXIMILIAN MUHN

{"title":"Financial Transparency of Private Firms: Evidence from a Randomized Field Experiment","authors":"JOACHIM GASSEN, MAXIMILIAN MUHN","doi":"10.1111/1475-679X.12568","DOIUrl":"10.1111/1475-679X.12568","url":null,"abstract":"This paper examines why private firms choose to be financially transparent or opaque by conducting a field experiment with more than 25,000 firms in Germany. We inform a randomly chosen set of firms about a disclosure option that allows eligible firms to restrict access to their otherwise publicly available financial statements. We also vary the messaging in subtle ways to induce experimental variation in the probability that firms take transacting (capital providers or customers and suppliers) versus non-transacting stakeholders (competitors or general interest parties) into consideration when making their filing decision. Based on each firm's actual filing decision, we find that treated firms are 15% more likely to restrict access to their financial statements. This intention-to-treat effect is persistent and concentrated among firms that should derive lower net benefits from disclosure (smaller, more mature firms in less capital-intensive industries). These findings indicate that informational constraints affect firms’ disclosure practice. Additionally, we show that the treatment effect is almost 40% larger for firms that have a higher, exogenously induced, probability of considering non-transacting stakeholders when making their disclosure decision. By analyzing subsequent firm activity and complementary survey evidence, we also provide suggestive evidence that disclosure requirements put an undue burden on very small private firms.","PeriodicalId":48414,"journal":{"name":"Journal of Accounting Research","volume":"63 1","pages":"413-460"},"PeriodicalIF":4.9,"publicationDate":"2024-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-679X.12568","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142124061","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