The British Accounting Review最新文献

Exploring dimensions of governance for different types of blockchain systems

The British Accounting Review Pub Date : 2025-02-05 DOI: 10.1016/j.bar.2025.101588

Rina Dhillon, Prabhu Sivabalan

{"title":"Exploring dimensions of governance for different types of blockchain systems","authors":"Rina Dhillon, Prabhu Sivabalan","doi":"10.1016/j.bar.2025.101588","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101588","url":null,"abstract":"The rapid evolution of digital technologies has significantly reshaped governance. While much existing literature focuses on public blockchain governance, fewer investigate governance mechanisms of private and consortium blockchains, increasingly prevalent in society. We explore how blockchain systems enact governance using Beck et al.’s (2018) framework examining decision rights, accountability, and incentives. Interviews with eighteen blockchain experts reveal that public blockchains offer greater decision rights, less accountability and emphasise intrinsic incentives. In contrast, private and consortium blockchains adopt hierarchical governance where central entities regulate access, decision-making and behavioural norms. These systems prioritise extrinsic incentives and accountability than public blockchains. Our findings challenge the view of blockchain as purely decentralised, instead offering evidence of hybridised structures in practice. We also extend Beck et al.’s framework by studying three blockchain types and propose a systems and structure-based rationale for control in blockchains, as opposed to trust-based mechanisms (Pflueger et al. (2022)). Finally, we offer a variation on how responsibility and accountability depart, beyond extant MA studies (Burkert et al., 2011; Giraud et al., 2008) - suggesting that openness does not necessarily equate to enhanced accountability. These insights are crucial for understanding blockchain governance and have important implications for digital systems integration in organisations.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"18 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2025-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143418537","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Public value disclosure by Brazilian federal universities

The British Accounting Review Pub Date : 2025-02-04 DOI: 10.1016/j.bar.2025.101587

Evelyze Cruz Dallagnol, Henrique Portulhak

{"title":"Public value disclosure by Brazilian federal universities","authors":"Evelyze Cruz Dallagnol, Henrique Portulhak","doi":"10.1016/j.bar.2025.101587","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101587","url":null,"abstract":"This research analysed Brazilian Federal Universities to investigate the determinants of the public value disclosure. Based on the Public Value Disclosure Index, the Management Reports of 65 Brazilian universities were subjected to a content analysis to measure the level of public value disclosure, both in general and for each perspective of the public value strategic triangle. Beta regression was then applied to the index results to identify the determinants of the level of disclosure. The results converge with previous studies on the low disclosure of items related to the Legitimacy and Support perspective and the high disclosure of Operational Capacity indicators. The similar behaviour to developed countries can be explained by the strong influence of coercive isomorphism instruments, evidenced both in the disclosure of items related to public value and in the disclosure format. The quantitative analysis emphasises that financial efficiency, in terms of lower cost per student, and better governance, in terms of leadership, strategy and control, have an impact on the level of public value disclosure. This study contributes by highlighting the importance of developing specific guidelines as an effective strategy for better adapting public value disclosure to contemporary requirements of transparency and accountability.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"135 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2025-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143418535","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Institutional ownership and investment by private companies

The British Accounting Review Pub Date : 2025-01-30 DOI: 10.1016/j.bar.2025.101585

Seth Armitage, Ronan Gallagher, Jiaman Xu

引用次数: 0

Crypto Crashes: An examination of the Binance and FTX scandals and associated accounting challenges

The British Accounting Review Pub Date : 2025-01-29 DOI: 10.1016/j.bar.2025.101584

Milind Tiwari, You Zhou, Jamie Ferrill, Marcus Smith

{"title":"Crypto Crashes: An examination of the Binance and FTX scandals and associated accounting challenges","authors":"Milind Tiwari, You Zhou, Jamie Ferrill, Marcus Smith","doi":"10.1016/j.bar.2025.101584","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101584","url":null,"abstract":"This article offers a comprehensive analysis of the treatment of cryptocurrencies and cryptocurrency exchanges in accounting, emphasising the challenges they present to traditional accounting and auditing practices within current regulatory frameworks. The cryptocurrency sector has experienced multiple disruptions in recent years. By analysing two case studies representing such disruptions – Binance and FTX – the article presents red flags and extracts crucial lessons to help avoid similar episodes. The article finds that both cases, while distinct from each other, present similar lessons that should be noted by practitioners, regulators, and for the overall structure of blockchain platforms. These include lessons on risk management and investment diversification, corporate governance and ethical practices, transparency and disclosure requirements, and robust compliance frameworks. By examining the operational and financial indicators that were overlooked in these instances, the article aims to inform stakeholders—including investors, practitioners, and regulators—on best practices for cryptocurrency exchanges. It emphasizes the importance of sound corporate governance, effective risk management, and enhanced transparency to improve overall regulatory compliance and auditing effectiveness in the cryptocurrency sector.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"77 6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2025-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143072373","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The benefits of small business FinTech lending: Evidence from entrepreneurs’ consumption structure

The British Accounting Review Pub Date : 2025-01-27 DOI: 10.1016/j.bar.2025.101583

Yan Luo, Shu Tian, Ningyu Zhou

引用次数: 0

How do women accounting and finance professors develop and leverage their capitals for career advancement?

The British Accounting Review Pub Date : 2025-01-25 DOI: 10.1016/j.bar.2025.101575

Meredith Tharapos, Brendan T. O'Connell, Nicola Beatson, Paul de Lange

{"title":"How do women accounting and finance professors develop and leverage their capitals for career advancement?","authors":"Meredith Tharapos, Brendan T. O'Connell, Nicola Beatson, Paul de Lange","doi":"10.1016/j.bar.2025.101575","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101575","url":null,"abstract":"This study examines women's career journeys to professorship in accounting and finance academia with a focus on the potential influence of various forms of capitals. Given the dearth of women at professorial level despite various institutional initiatives to reduce gender imbalances, it is critical that their careers be examined. We utilise the work of Bourdieu and studies on gender capital to interpret the influence and interplay of capitals within the career journeys of accounting and finance women professors from Australian universities. Our key findings show that women professors utilised various forms of social capital to advance their careers, including connecting with mentors who taught them the rules of the game and introduced them to powerful actors in the academic field. Interviewees leveraged economic capital through institutional and personal support and resources to progress their career and to enhance their social and cultural capital through valuable artefacts such as publications, and professional connections to world-renowned scholars. Turning to gender capital, we found that interviewees referred to the advantages flowing to them from both female capital and feminine capital. This study contributes to the literature on gender in the academic workplace and highlights the importance of gender capital to career progression.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"48 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2025-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143367360","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Beware of false prophets: Cybersecurity risk and strategic voluntary disclosure

The British Accounting Review Pub Date : 2025-01-21 DOI: 10.1016/j.bar.2025.101578

Hong Vo, Man Duy Pham

引用次数: 0

Planning for business cycle fluctuations in budgeting: The application of innovative data sources and techniques

The British Accounting Review Pub Date : 2025-01-19 DOI: 10.1016/j.bar.2025.101576

Ruth Gibbs, Michelle Carr, Mark Mulcahy, Don Walshe

{"title":"Planning for business cycle fluctuations in budgeting: The application of innovative data sources and techniques","authors":"Ruth Gibbs, Michelle Carr, Mark Mulcahy, Don Walshe","doi":"10.1016/j.bar.2025.101576","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101576","url":null,"abstract":"Severe economic crises, such as the COVID-19 pandemic, have illustrated that failure to plan for such inevitable but unpredictable events in budgetary processes adversely impacts the delivery of services. An expansion of planning and forecasting capabilities is required to improve budgetary processes. We aim to contribute by empirically investigating how the impact of the business cycle can be measured and used to enhance budgetary planning in a healthcare context. Specifically, we employ the time series vector autoregression technique to analyse the dynamic relationship between Gross Domestic Product and health expenditure. Our findings reveal that health expenditure is highly sensitive to GDP shocks, and that these effects persist over multiple years. By integrating the impact of the business cycle into the budgetary process, we demonstrate improved sophistication and accuracy in both annual and multi-year budgeting, as well as in long-term budget planning. In conclusion, our findings offer valuable insights into the multi-year impacts of economic shocks on budgets, thereby strengthening resilience and facilitating improved budget adaptation in anticipation of unforeseen events.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"24 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2025-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143072433","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Creditors’ bankruptcy rights and accounting conservatism: Evidence from a quasi-natural experiment

The British Accounting Review Pub Date : 2025-01-18 DOI: 10.1016/j.bar.2025.101574

Nemiraja Jadiyappa, L. Emily Hickman

{"title":"Creditors’ bankruptcy rights and accounting conservatism: Evidence from a quasi-natural experiment","authors":"Nemiraja Jadiyappa, L. Emily Hickman","doi":"10.1016/j.bar.2025.101574","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101574","url":null,"abstract":"Extant research has demonstrated that creditors prefer for borrowers to follow conservative accounting practices to safeguard their interests as lenders. We extend this literature by examining whether the strength of creditors' rights moderates their demand for accounting conservatism. To do so, we take advantage of India's recent implementation of the Insolvency and Bankruptcy Code (“IBC”), which significantly improved the efficiency of bankruptcy proceedings, thereby strengthening creditors' rights. We divide our sample into control (zero net debt firms) and treatment groups (“debt firms”) and then compare the difference between the change in the conservatism of each group from the pre-to post-IBC periods. Results reveal that firms with meaningful debt exposure decreased their accounting conservatism pre-to post-IBC, relative to the zero net debt (control) firms. This finding holds when (i) utilizing propensity score matched samples; (ii) using alternative methods to define zero net debt (control) firms; (iii) employing alternative measures of conservatism; or (iv) controlling for corporate governance characteristics. We also find that certain credit-related characteristics (e.g., a firm's proportions of secured debt, bank debt, and tangible assets) moderate the observed post-IBC decrease in conservatism among debt firms. Our final analysis reveals that the decrease in conservatism post-IBC is stronger among debt firms with greater default risk (those with lower Altman Z-scores). Overall, results are consistent with our prediction that stronger creditor rights diminish the importance of accounting conservatism in safeguarding the interests of creditors.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"138 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2025-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143027293","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

On the dynamics of treasury bond yields: From term structure modelling to economic scenario generation 国库券收益率动态：从期限结构建模到经济情景生成

The British Accounting Review Pub Date : 2024-12-16 DOI: 10.1016/j.bar.2024.101542

Yi Hong, Maochun Xu, Conghua Wen

引用次数: 0