Journal of International Accounting Auditing and Taxation最新文献_第3页

Informal institutions in accounting research: A structured literature review 会计研究中的非正式机构：结构化文献综述

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2024-05-11 DOI: 10.1016/j.intaccaudtax.2024.100621

Stergios Leventis , Ioannis Tsalavoutas , Fanis Tsoligkas

引用次数: 0

Value relevance of accounting numbers and sustainability information in Europe: Empirical evidence from nonfinancial companies 欧洲会计数字和可持续性信息的价值相关性：来自非金融公司的经验证据

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2024-04-25 DOI: 10.1016/j.intaccaudtax.2024.100620

Alessandro Migliavacca

{"title":"Value relevance of accounting numbers and sustainability information in Europe: Empirical evidence from nonfinancial companies","authors":"Alessandro Migliavacca","doi":"10.1016/j.intaccaudtax.2024.100620","DOIUrl":"10.1016/j.intaccaudtax.2024.100620","url":null,"abstract":"<div><p>Information is considered value relevant when used by financial markets in equity valuation and is reflected in market values. The value relevance of different information, such as accounting numbers, changes according to shifts in investors’ needs. Given the rising importance of environmental and social agendas for policymakers and practitioners, this study examines whether accounting numbers have lost explanatory power and sustainability information has become value relevant. The analysis focuses on 3025 nonfinancial companies operating in the eurozone from 2005 to 2020. This study makes several contributions to the extant literature. First, analyzing the trend in the value relevance of financial accounting numbers, the results point to an overall decrease in the explanatory power of book values and earnings, particularly for environmental, social, and governance (ESG)-rated companies. However, the results indicate that ESG ratings have not gained value relevance over time. These findings have important implications for policymakers and practitioners. In line with the concept of “double materiality,” implementing ESG agendas will be possible only by redirecting corporate investment decision and increasing awareness of sustainability issues. This paper documents that such a shift has not yet been accomplished, despite the increasing commitment of the European Union to the ESG agenda.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2024-04-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1061951824000260/pdfft?md5=cd14bb0ce05a5e7f584e242288936982&pid=1-s2.0-S1061951824000260-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140791666","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Do key audit matters matter? Correspondence between auditor and management disclosures and the role of audit committees 关键审计事项重要吗？审计师和管理层披露的信息之间的对应关系以及审计委员会的作用

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2024-04-23 DOI: 10.1016/j.intaccaudtax.2024.100617

Mahmoud Hosseinniakani , Conny Overland , Niuosha Samani

{"title":"Do key audit matters matter? Correspondence between auditor and management disclosures and the role of audit committees","authors":"Mahmoud Hosseinniakani , Conny Overland , Niuosha Samani","doi":"10.1016/j.intaccaudtax.2024.100617","DOIUrl":"https://doi.org/10.1016/j.intaccaudtax.2024.100617","url":null,"abstract":"<div><p>This study examines whether there is a correspondence between auditor disclosures of key audit matters (KAMs) and management disclosures of significant accounting policies and estimates, following the introduction of the International Standard on Auditing (ISA) 701. In addition, we investigate how audit committees moderate the relationship. We employ a sample of Swedish listed firms (2016–2018), using measures that capture the extent and quality of management disclosures and how they relate to auditor KAM disclosures, including the number of accounting items disclosed, total number of words, and number of unique KAM-related words (via a “bag-of-word” technique). We find a positive correspondence between auditor and management disclosures, and the correlation is greater in firms with an audit committee. Additional analyses provide evidence that management disclosure quality increases after the introduction of ISA 701, but the positive effect is mostly found in firms with a separate audit committee on the board. The results are robust to alternative measures for disclosures and using a matched sample design. Our findings suggest that policymakers should consider the interplay between audit standards and audit committees.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2024-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1061951824000235/pdfft?md5=5e3322eea6f5144caf2231e7d86d6932&pid=1-s2.0-S1061951824000235-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140645870","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The effect of tone, signature, and visual elements in compliance management systems disclosures on financial analysts’ decisions 合规管理系统披露中的语气、签名和视觉元素对财务分析师决策的影响

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2024-04-22 DOI: 10.1016/j.intaccaudtax.2024.100619

Reiner Quick, Sanjar Sayar

{"title":"The effect of tone, signature, and visual elements in compliance management systems disclosures on financial analysts’ decisions","authors":"Reiner Quick, Sanjar Sayar","doi":"10.1016/j.intaccaudtax.2024.100619","DOIUrl":"https://doi.org/10.1016/j.intaccaudtax.2024.100619","url":null,"abstract":"<div><p>Numerous corporate scandals, in conjunction with managerial misbehavior, demonstrate both the need for effective compliance management systems (CMS) and the relevance of compliance reporting. Disclosure elements are a major differentiator when reporting on CMS. This study investigates whether the tone, top managers’ signatures, and visual elements affect financial analysts’ perceptions and decisions. We use several theories from cognitive psychology which suggest that positive tone, the presence of signatures, and the combination of textual and visual elements can induce more favorable perceptions of compliance disclosure. In a 2 × 2 × 2 between-subjects experiment with 148 financial analysts from Germany, we manipulate tone (positive vs. negative), top managers’ signatures (present vs. absent), and visual elements (present vs. absent) to measure analyst perceptions of reliability, understandability, and usability, as well as credit risk, purchase, and recommendation decisions. We then sum up these dependent variables to create two new variables, perceptions, and decisions. Our results suggest that negatively toned compliance disclosure positively affects financial analyst perceptions, unless it is combined with a visual, as well as their decisions, unless it is combined with both a signature and a visual element. Additionally, signatures and a visual element have an overall positive effect on analyst perceptions. The study’s results confirm the relevance of disclosure elements in compliance reporting, which should be of interest to preparers, users, auditors, and regulators of compliance disclosure.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2024-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1061951824000259/pdfft?md5=6ac42ad1dd13f826a6fd3b7ae6fc6ba0&pid=1-s2.0-S1061951824000259-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140649151","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","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 female director expertise on audit committees matter for carbon disclosures? Evidence from the United Kingdom 审计委员会中女性董事的专长对碳信息披露有影响吗？来自英国的证据

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2024-04-19 DOI: 10.1016/j.intaccaudtax.2024.100618

Kaleemullah Abbasi , Ashraful Alam , Md. Borhan Uddin Bhuiyan , Md Tariqul Islam

{"title":"Does female director expertise on audit committees matter for carbon disclosures? Evidence from the United Kingdom","authors":"Kaleemullah Abbasi , Ashraful Alam , Md. Borhan Uddin Bhuiyan , Md Tariqul Islam","doi":"10.1016/j.intaccaudtax.2024.100618","DOIUrl":"https://doi.org/10.1016/j.intaccaudtax.2024.100618","url":null,"abstract":"<div><p>We investigate whether accounting and non-accounting female financial experts on audit committees influence carbon disclosures. Based on a sample of listed firms from the United Kingdom for 2009–2015, our findings show that non-accounting female experts on audit committees increase carbon disclosures. Our results support the view that non-accounting female experts possess greater business knowledge and are skilled in foreseeing the impact of management’s decisions, thus, enhancing carbon disclosures. Furthermore, our results are robust to alternative estimation techniques and endogenous concerns. We also find that firms in less carbon-intensive industries benefit from higher carbon disclosure in the presence of female non-accounting experts on audit committees. This study contributes to the recent research on corporate governance and carbon disclosures. Further, it extends recent studies identifying the specific characteristics of female directors that enhance environmental disclosures. Moreover, we respond to the calls for research on the personal attributes of directors and carbon disclosures by examining whether the accounting and non-accounting expertise of female directors on audit committees affects carbon disclosures.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2024-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1061951824000247/pdfft?md5=873841280dd535b10df4d9fbc2af890e&pid=1-s2.0-S1061951824000247-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140649152","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Do taxes explain why firms rarely use performance-based malus contracts? 税收是否解释了为什么公司很少使用基于业绩的差额合同？

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2024-04-16 DOI: 10.1016/j.intaccaudtax.2024.100616

Rainer Niemann , Mariana Sailer

{"title":"Do taxes explain why firms rarely use performance-based malus contracts?","authors":"Rainer Niemann , Mariana Sailer","doi":"10.1016/j.intaccaudtax.2024.100616","DOIUrl":"10.1016/j.intaccaudtax.2024.100616","url":null,"abstract":"<div><p>Performance-based bonus contracts trigger financial rewards if goals are attained, while performance-based malus contracts punish target failure by means of financial penalties. Recommended and demanded by various stakeholders, malus contracts can be a competitive alternative that curbs high executive remuneration—nevertheless, firms rarely implement them in executive remuneration packages. A reason for this may lie in the tax treatment of corporate losses and executive remuneration. We analytically examine the effects of the most common forms of corporate taxation (symmetric and asymmetric) and personal wage taxation (proportional and progressive) on a firm owner’s contract choice. Our findings show that neither symmetric corporate nor proportional wage taxation impede malus contracts. However, asymmetric corporate taxation tends to disadvantage malus contracts compared to bonus contracts. Furthermore, progressive wage taxation has the potential to make malus contracts less attractive. This insight can add to the explanation for why firms rarely use performance-based malus contracts.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2024-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1061951824000223/pdfft?md5=029678943bafd7c275d8a1b31f987074&pid=1-s2.0-S1061951824000223-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140759178","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Operational risk disclosure quality and national culture: Evidence from the E.U. Banking industry 操作风险披露质量与国家文化：来自欧盟银行业的证据

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2024-03-29 DOI: 10.1016/j.intaccaudtax.2024.100614

Florence Pinto Basto , Ana Marques

{"title":"Operational risk disclosure quality and national culture: Evidence from the E.U. Banking industry","authors":"Florence Pinto Basto , Ana Marques","doi":"10.1016/j.intaccaudtax.2024.100614","DOIUrl":"10.1016/j.intaccaudtax.2024.100614","url":null,"abstract":"<div><p>In this study, we analyze the association between national culture and voluntary operational risk disclosure quality in the European Union banking industry. Complementarily, we assess whether the potential impact of culture differs between global banks and banks with low levels of internationalization. Finally, we consider the impact of the formal institutional environment. Our sample covers 15 countries, and we construct a disclosure score based on hand-collected data. Three main results were obtained. First, banks in societies that score higher on individualism or long-term orientation and lower on uncertainty avoidance or power distance have better disclosures. Second, in global banks, where executive board members interact with stakeholders from different cultures, these associations are absent. Finally, contextual factors also affect the association between culture and disclosure, but this substitution effect is weaker than the one we document for globalization. Our results are robust to instrumental variables estimation, the use of the GLOBE project’s cultural dimensions, and a subsample analysis of civil code law countries.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2024-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S106195182400020X/pdfft?md5=978ad4b4890f549bed70384d7b7fe8bb&pid=1-s2.0-S106195182400020X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140408166","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Corruption prevention practices and tax avoidance: The moderating effect of corporate board characteristics 预防腐败的做法与避税：公司董事会特征的调节作用

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2024-03-29 DOI: 10.1016/j.intaccaudtax.2024.100615

Ahmed A. Sarhan , Mohamed H. Elmagrhi , Emad M. Elkhashen

{"title":"Corruption prevention practices and tax avoidance: The moderating effect of corporate board characteristics","authors":"Ahmed A. Sarhan , Mohamed H. Elmagrhi , Emad M. Elkhashen","doi":"10.1016/j.intaccaudtax.2024.100615","DOIUrl":"10.1016/j.intaccaudtax.2024.100615","url":null,"abstract":"<div><p>This paper examines the impact of corruption prevention practices on tax avoidance from a neo-institutional theoretical perspective. Our study also contributes to the existing corruption and tax literature by considering the moderating effect of corporate board characteristics on the association between corruption prevention practices and tax avoidance. Based on a sample of FTSE 350 United Kingdom (UK) listed firms, our findings illustrate that a firm’s commitment to good anti-corruption practices is linked with lower tax avoidance. Furthermore, corporate board characteristics complement anti-corruption practices in minimizing corporate tax avoidance. Our findings provide useful evidence to governments, regulators, and other stakeholders who aim to determine best business practices that could help in reducing the risk of corporate tax avoidance. In general, our findings are robust to alternative measures of tax avoidance and different types of multivariate regression methods, namely ordinary least squares, two-stage least squares and Tobit regression techniques.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2024-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1061951824000211/pdfft?md5=6b7d4b084e299a146e4aca55fdbb7f83&pid=1-s2.0-S1061951824000211-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140402929","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

How do auditors’ use of industry norms differentially impact management evaluations of audit quality under principles-based and rules-based accounting standards? 在基于原则的会计准则和基于规则的会计准则下，审计师对行业规范的使用如何对管理层的审计质量评价产生不同影响？

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2024-03-01 DOI: 10.1016/j.intaccaudtax.2024.100598

Erik S. Boyle

{"title":"How do auditors’ use of industry norms differentially impact management evaluations of audit quality under principles-based and rules-based accounting standards?","authors":"Erik S. Boyle","doi":"10.1016/j.intaccaudtax.2024.100598","DOIUrl":"10.1016/j.intaccaudtax.2024.100598","url":null,"abstract":"<div><p>Interactions between auditors and client management affect audit quality on an engagement because those interactions influence and incentivize auditor behavior and decision-making. I perform an experiment using 191 management participants to investigate (1) whether an auditor’s use of professional judgment or industry norms to justify proposed adjustments increases management’s evaluation of audit quality, and (2) whether these evaluations differ under principles-based or rules-based standards. I find that, although management views industry norms to be more credible, they disregard an auditor’s justification method and evaluate audit quality based on underlying accounting attributes when reporting under a more rules-based standard, such as US GAAP. However, when an accounting standard is more principles-based, such as IFRS, using industry norms positively influences perceptions of audit quality. Thus, when standards are less precise, auditors are incentivized to engage in herding behavior by defaulting to industry norms when determining appropriate accounting treatments. This study increases our understanding of the incentives and motivations faced by auditors in their interactions with client management under both rules-based and principle-based accounting standards.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139640725","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

Editorial Publishing in JIAAT 1 – Research topics 编辑出版《JIAAT》 1 - 研究课题

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2024-02-18 DOI: 10.1016/j.intaccaudtax.2024.100606

Stergios Leventis

引用次数: 0