Journal of Accounting, Auditing & Finance最新文献_第2页

Shaping Firms’ Financial Reporting: Evidence From the Spillover Effect of the FED’s Stress Test 塑造企业的财务报告：来自美国联邦储备委员会压力测试溢出效应的证据

Journal of Accounting, Auditing & Finance Pub Date : 2024-02-21 DOI: 10.1177/0148558x241229510

Lanyi Yan Zhang, Ziyun Yang, Yu Bai, Lin Wang

引用次数: 0

Can Corporate Social Responsibility Counteract Managers’ Incentives to Manage Earnings? 企业社会责任能否抵消管理者管理盈余的动机?

Journal of Accounting, Auditing & Finance Pub Date : 2022-07-21 DOI: 10.1177/0148558x221110672

Christopher P. Agoglia, Cathy A. Beaudoin, Stephen Kuselias, George T. Tsakumis

引用次数: 0

Do Mutual Funds Trade on Earnings News? The Information Content of Large Active Trades 共同基金是否根据盈利消息进行交易?大型活跃交易的信息内容

Journal of Accounting, Auditing & Finance Pub Date : 2022-05-16 DOI: 10.1177/0148558x221094905

Linda H. Chen, Wei Huang, George J. Jiang, Kevin X. Zhu

引用次数: 0

Free Cash Flows and Price Momentum 自由现金流和价格动量

Journal of Accounting, Auditing & Finance Pub Date : 2022-04-25 DOI: 10.1177/0148558x221091803

Jiajia Fu,Fangming Xu,Cheng Zeng,Liyi Zheng

引用次数: 0

Aggressive Tax Planning and Labor Investments 积极的税收计划和劳动力投资

Journal of Accounting, Auditing & Finance Pub Date : 2022-04-05 DOI: 10.1177/0148558x221089638

Simone Traini,Nathan C. Goldman,Christina M. Lewellen

{"title":"Aggressive Tax Planning and Labor Investments","authors":"Simone Traini,Nathan C. Goldman,Christina M. Lewellen","doi":"10.1177/0148558x221089638","DOIUrl":"https://doi.org/10.1177/0148558x221089638","url":null,"abstract":"We examine the association between aggressive tax planning and labor investment efficiency among U.S. firms. Labor is an important input to production that is material to many firms, and prior research suggests that inefficient labor investments can negatively affect future profitability and growth. We provide evidence that firms engaging in aggressive tax planning are associated with deviations from expected labor investments, which is indicative of labor investment inefficiency. We find that our results are concentrated in labor underinvestment, consistent with risks and uncertainties from aggressive tax planning making firms more cautious when investing. Our findings are strongest among firms with greater tax risk, higher labor costs, and weaker corporate governance. Our study contributes to the literature examining tax planning consequences by providing evidence that a tradeoff exists between aggressive tax planning and investments in labor. Therefore, our results suggest that managers should carefully consider the cash flow benefits of tax planning in conjunction with the potential effects of lower labor investments to ensure that the overall long-term effect of the tax strategy is value-increasing.","PeriodicalId":501201,"journal":{"name":"Journal of Accounting, Auditing & Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138510898","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

CDS Channels of Influence on Discretionary Accruals CDS对可操纵性应计利润的影响渠道

Journal of Accounting, Auditing & Finance Pub Date : 2022-03-26 DOI: 10.1177/0148558x221081990

Hao Cheng,Kian Guan Lim

{"title":"CDS Channels of Influence on Discretionary Accruals","authors":"Hao Cheng,Kian Guan Lim","doi":"10.1177/0148558x221081990","DOIUrl":"https://doi.org/10.1177/0148558x221081990","url":null,"abstract":"Existing studies indicated that firm debt holders can use the credit default swap (CDS) market to hedge their credit risk, and thus they would reduce their monitoring of the firms, leading to largely distressed firms shirking and increasing positive abnormal earnings accruals. Besides providing insurance, however, the CDS spreads also perform price discovery of credit risk information sought by trade creditors and potential lenders who are not protected. High absolute abnormal discretionary accruals or bad earnings quality, especially negative abnormal accruals, would lead adverse CDS price signals that are very costly to the firm. This compels the firm under nondistressed conditions to be able to improve cash holdings, cash flows, working capital, and earnings reporting quality. Our new results indicate that the channels of improvement in earnings quality are through a firm’s large accounts payable and low cash holdings related to trade credit exposures. In the longer run, this leads to higher profitability and improved firm value. Thus, the generation of public information via the CDS market reduces information asymmetry and can enforce greater discipline in discretionary accounts reporting.","PeriodicalId":501201,"journal":{"name":"Journal of Accounting, Auditing & Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138510994","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 Estimated Propensity to Issue Going Concern Audit Reports and Audit Quality 发布持续经营审计报告的估计倾向与审计质量

Journal of Accounting, Auditing & Finance Pub Date : 2022-02-28 DOI: 10.1177/0148558x221079011

Ling Chu, Hila Fogel-Yaari, Ping Zhang

{"title":"The Estimated Propensity to Issue Going Concern Audit Reports and Audit Quality","authors":"Ling Chu, Hila Fogel-Yaari, Ping Zhang","doi":"10.1177/0148558x221079011","DOIUrl":"https://doi.org/10.1177/0148558x221079011","url":null,"abstract":"<p>Auditors’ propensity to issue Going Concern Audit Reports (GCARs) is one of the proxies often used for audit quality. Although this propensity is a distinguishing characteristic of auditors, it does not indicate quality according to both theory and practice. In theory, higher quality auditors make fewer audit errors; they are more likely to issue GCARs to clients that deserve them and less likely to issue GCARs to clients that do not. Therefore, the propensity itself does not indicate quality. In practice, Public Company Accounting Oversight Board (PCAOB) inspection reports reveal that the GCAR is rarely mentioned as a deficiency, and in the few cases in which it is discussed, the deficiency is attributed to evidence gathering and estimations, rather than to the GCAR decision itself. The theory and practice motivate our study. This article investigates the empirical ability of the GCAR propensity to proxy for audit quality and finds that different samples and different models yield different determinations of auditor quality. Our findings caution against the use of the propensity to issue GCARs as a proxy for audit quality.</p>","PeriodicalId":501201,"journal":{"name":"Journal of Accounting, Auditing & Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138510899","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 Impact of PCAOB-Type Regulations on Auditors Under Different Legal Systems 不同法律制度下pcaob型监管对审计师的影响

Journal of Accounting, Auditing & Finance Pub Date : 2022-02-28 DOI: 10.1177/0148558x221078432

Minlei Ye, Dan A. Simunic

引用次数: 0

Identifying the Roles of Accounting Accruals in Corporate Financial Reporting 确定会计应计制在公司财务报告中的作用

Journal of Accounting, Auditing & Finance Pub Date : 2021-10-12 DOI: 10.1177/0148558x211035224

Sunil Dutta, Panos N. Patatoukas, Annika Yu Wang

引用次数: 0

Non-Audit Services in Audit Committee Interlocked Firms, Financial Reporting Quality, and Future Performance 审计委员会联营公司的非审计服务、财务报告质量和未来绩效

Journal of Accounting, Auditing & Finance Pub Date : 2020-05-11 DOI: 10.1177/0148558X211015552

Linna Shi, Siew Hong Teoh, Jian Zhou

{"title":"Non-Audit Services in Audit Committee Interlocked Firms, Financial Reporting Quality, and Future Performance","authors":"Linna Shi, Siew Hong Teoh, Jian Zhou","doi":"10.1177/0148558X211015552","DOIUrl":"https://doi.org/10.1177/0148558X211015552","url":null,"abstract":"We investigate whether board-interlocked firms via an audit committee (AC) board member exhibit correlated non-audit service (NAS) purchases, and whether financial reporting quality and future firm performance vary with the amount of correlated NAS purchases from the AC interlock. We find that AC interlocked firms have positively correlated total NAS and three NAS subtypes—Tax, Assurance, and Other—in the overall sample period from 2000 to 2016, and in each of the subperiods pre- and post-SOX (Sarbanes–Oxley Act). Firms with a larger NAS component that is explained by the AC interlock tend to exhibit lower financial reporting quality. We also find evidence that firms with higher AC interlocked NAS purchases are associated with lower future performance, although this association exists only in the pre-SOX period. Overall, the evidence suggests that greater NAS purchases among AC interlocked firms can have a detrimental effect on financial reporting quality and auditor independence. While these detrimental effects are concentrated in the pre-SOX period when there were less restrictions on NAS purchases, we find some evidence that the association with lower financial reporting quality persists in the post-SOX period.","PeriodicalId":501201,"journal":{"name":"Journal of Accounting, Auditing & Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141205411","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: 4