Journal of Accounting & Economics最新文献_第2页

Discussion of “Accounting standards and antidumping investigations” by Stephen Teng Sun, Shang-Jin Wei and Jin Xie 论孙腾、魏尚进、谢进的《会计准则与反倾销调查

IF 6.8 1区管理学

Journal of Accounting & Economics Pub Date : 2025-11-01 Epub Date: 2025-08-05 DOI: 10.1016/j.jacceco.2025.101819

Katherine Schipper

引用次数: 0

Does antitrust enforcement against interlocking directorates impair corporate governance? 针对连锁董事的反垄断执法会损害公司治理吗？

IF 6.8 1区管理学

Journal of Accounting & Economics Pub Date : 2025-11-01 Epub Date: 2025-08-07 DOI: 10.1016/j.jacceco.2025.101815

Dain C. Donelson , Christian M. Hutzler , Adrienne Rhodes

{"title":"Does antitrust enforcement against interlocking directorates impair corporate governance?","authors":"Dain C. Donelson , Christian M. Hutzler , Adrienne Rhodes","doi":"10.1016/j.jacceco.2025.101815","DOIUrl":"10.1016/j.jacceco.2025.101815","url":null,"abstract":"<div><div>This study examines how recent government antitrust enforcement against potentially illegal interlocking directorates (“competitor interlocks”) reshaped boards. After the first major enforcement announcement, competitor-interlocked directors were more likely than other directors to leave boards and were replaced by individuals with less industry experience. Further, newly appointed directors were less likely to form competitor interlocks. The resulting reduction in relevant board industry experience and competitor interlocks is likely to affect firm outcomes. In their advisory role, competitor-interlocked directors with more industry experience have historically produced higher profit margins, likely due to superior R&D investment advice. In their monitoring role, competitor-interlocked directors with greater industry experience are more likely to hold CEOs accountable for restatements and poor performance. Overall, our results highlight that corporate governance may be weakened if competitor-interlocked directors with substantial industry experience are replaced by directors without such experience.</div></div>","PeriodicalId":48438,"journal":{"name":"Journal of Accounting & Economics","volume":"80 2","pages":"Article 101815"},"PeriodicalIF":6.8,"publicationDate":"2025-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145521200","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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

Accounting standards and antidumping investigations 会计准则和反倾销调查

IF 6.8 1区管理学

Journal of Accounting & Economics Pub Date : 2025-11-01 Epub Date: 2025-07-23 DOI: 10.1016/j.jacceco.2025.101810

Stephen Teng Sun , Shang-Jin Wei , Jin Xie

引用次数: 0

What director experience matters: A discussion of Donelson, Hutzler and Rhodes (2025) 导演经验的重要性：Donelson， Hutzler和Rhodes的讨论（2025）

IF 6.8 1区管理学

Journal of Accounting & Economics Pub Date : 2025-11-01 Epub Date: 2025-07-18 DOI: 10.1016/j.jacceco.2025.101816

Mary Ellen Carter

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Cross-border investment, deterrence, and compliance effects of ownership transparency 所有权透明度的跨境投资、威慑和合规效应

IF 6.8 1区管理学

Journal of Accounting & Economics Pub Date : 2025-11-01 Epub Date: 2025-07-03 DOI: 10.1016/j.jacceco.2025.101809

Harald J. Amberger , Jaron H. Wilde , Yuchen Wu

引用次数: 0

Does generative AI facilitate investor Trading? Early evidence from ChatGPT outages 生成式人工智能促进了投资者的交易吗？ChatGPT中断的早期证据

IF 6.8 1区管理学

Journal of Accounting & Economics Pub Date : 2025-11-01 Epub Date: 2025-08-13 DOI: 10.1016/j.jacceco.2025.101821

Qiang Cheng, Pengkai Lin, Yue Zhao

引用次数: 0

The innovation consequences of judicial efficiency 司法效率的创新后果

IF 6.8 1区管理学

Journal of Accounting & Economics Pub Date : 2025-11-01 Epub Date: 2025-07-23 DOI: 10.1016/j.jacceco.2025.101813

Jinhwan Kim , Terrence Tianshuo Shi , Rodrigo S. Verdi

{"title":"The innovation consequences of judicial efficiency","authors":"Jinhwan Kim , Terrence Tianshuo Shi , Rodrigo S. Verdi","doi":"10.1016/j.jacceco.2025.101813","DOIUrl":"10.1016/j.jacceco.2025.101813","url":null,"abstract":"<div><div>We examine how judicial efficiency, defined as a court’s ability to resolve patent cases quickly and in a manner that is mutually agreeable to both parties in the lawsuit, impacts corporate innovation. To do so, we exploit the Patent Pilot Program (PPP) introduced by the U.S. Congress in 2011, which allowed judges with expertise and resources (as opposed to randomly selected judges) to preside over more patent cases to facilitate efficient ruling. We find firms headquartered in counties subject to the PPP increase patent-based innovation by 6.9%, relative to firms in counties not under the program. The increase is driven both by greater investments in R&D as well as firms strategically transitioning their trade secrets to patents. Moreover, patents filed after the PPP exhibit higher patent disclosure quality, consistent with the PPP providing a reliable enforcement mechanism that curbs competitors from illegally exploiting patent information. Our results are concentrated among firms with high legal costs and uncertainty: firms that engage in innovation with “fuzzy boundaries”, that have high litigation risk, and that are small and private. Probing further, we find that small private firms are significantly better at safeguarding their intellectual property (IP) using the judicial system, which in turn, helps them attract more venture capital investments after the PPP. Taken together, our findings underscore the important role of judicial efficiency in facilitating innovation and IP protection.</div></div>","PeriodicalId":48438,"journal":{"name":"Journal of Accounting & Economics","volume":"80 2","pages":"Article 101813"},"PeriodicalIF":6.8,"publicationDate":"2025-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145521201","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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

Editorial data 编辑数据

IF 6.8 1区管理学

Journal of Accounting & Economics Pub Date : 2025-11-01 Epub Date: 2025-11-07 DOI: 10.1016/j.jacceco.2025.101840

引用次数: 0

Discussion of “real effects of lagged guidance from prudential regulators on CECL” “审慎监管滞后指导对CECL的实际影响”探讨

IF 6.8 1区管理学

Journal of Accounting & Economics Pub Date : 2025-11-01 Epub Date: 2025-07-03 DOI: 10.1016/j.jacceco.2025.101807

Stephen G. Ryan

引用次数: 0

Firms’ real and reporting responses to taxation: A review 企业对税收的真实和报告反应：回顾

IF 6.8 1区管理学

Journal of Accounting & Economics Pub Date : 2025-11-01 Epub Date: 2025-10-17 DOI: 10.1016/j.jacceco.2025.101837

Rebecca Lester , Marcel Olbert

{"title":"Firms’ real and reporting responses to taxation: A review","authors":"Rebecca Lester , Marcel Olbert","doi":"10.1016/j.jacceco.2025.101837","DOIUrl":"10.1016/j.jacceco.2025.101837","url":null,"abstract":"<div><div>Taxation is a central economic policy tool, with governments increasingly using tax policy to stimulate local economic growth and also regulate multinational firms. We review the empirical literature that studies the effect of tax policies on firms’ investment, employment, and other real outcomes. Building on the neoclassical theory of corporate taxes and tangible investment, we propose an organizing framework for our review that captures the wide set of tax policies and firm responses examined in accounting research. This framework highlights four dimensions along which accounting scholars contribute to the literature: (i) documenting the role of financial reporting incentives as a moderating factor in firms’ real responses, (ii) studying firms’ reporting versus real responses, (iii) quantifying real effects of tax disclosure regulations, and (iv) improving measurement of firms’ tax status and proxies for investment and employment. We identify open questions for future research and suggest new international, federal, and local settings that may help uncover underlying mechanisms driving observed economic phenomena. Specifically, we encourage scholars to further distinguish firms’ reported and real responses to tax changes and improve measurement of these outcomes, especially in settings related to environmental taxation or settings in which tax avoidance and real outcomes are closely linked.</div></div>","PeriodicalId":48438,"journal":{"name":"Journal of Accounting & Economics","volume":"80 2","pages":"Article 101837"},"PeriodicalIF":6.8,"publicationDate":"2025-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145521164","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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