Journal of International Accounting Auditing and Taxation最新文献_第5页

Is expanded auditor reporting meaningful? UK evidence 扩大审计师报告是否有意义？英国证据

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-10-18 DOI: 10.1016/j.intaccaudtax.2023.100582

Mohamed Elsayed , Tamer Elshandidy , Yousry Ahmed

{"title":"Is expanded auditor reporting meaningful? UK evidence","authors":"Mohamed Elsayed , Tamer Elshandidy , Yousry Ahmed","doi":"10.1016/j.intaccaudtax.2023.100582","DOIUrl":"https://doi.org/10.1016/j.intaccaudtax.2023.100582","url":null,"abstract":"<div><p>In 2013, the United Kingdom (UK) Financial Reporting Council (FRC) mandated independent auditors to provide an expanded audit report to disclose the risks of material misstatement and application of materiality. This paper examines the information content and economic consequences of the expanded auditor’s report and offers three main results. We first investigate the usefulness of auditor reporting regime change and find evidence that the new reporting regime has some influence on market indicators. Second, we document that firms receiving an expanded audit report with a higher level of disclosure on risks of material misstatement (materiality) exhibit significantly higher (lower) idiosyncratic risk, beta, and cost of equity. That is, the expanded auditor’s disclosure meaningfully affects firms’ risk fundamentals. Third, we find that information conveyed by the expanded auditor’s report impacts bid-ask spread, trading volume, volatility of market returns, and analyst forecast dispersion. Collectively, our analyses suggest that auditors provide information that meaningfully reflects the risks that the audited companies face. Furthermore, this information is associated with significant economic consequences for capital market participants, implying that it is not generic. This firm-specific and useful disclosure supports the FRC (followed by International Auditing and Assurance Standard Board (IAASB) and Public Company Accounting Oversight Board (PCAOB)) decision mandating the expanded audit report and provides evidence-based insights to major recent structural reforms aiming at proposing remedies to audit and capital market problems in the UK, and beyond.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1061951823000617/pdfft?md5=94474de015f1a98e955a5f6d88305450&pid=1-s2.0-S1061951823000617-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72207337","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: 4

Segmental reporting, accounting enforcement, and analyst forecast dispersion in the European Union 分部报告，会计执行，和分析师预测分散在欧盟

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-10-17 DOI: 10.1016/j.intaccaudtax.2023.100583

Ahmed Aboud

引用次数: 0

Conditional conservatism and investment efficiency under a state ownership environment: Further evidence from China 国有制环境下的条件保守性与投资效率——来自中国的进一步证据

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-28 DOI: 10.1016/j.intaccaudtax.2023.100581

Sun Liu , Jie Zhang

{"title":"Conditional conservatism and investment efficiency under a state ownership environment: Further evidence from China","authors":"Sun Liu , Jie Zhang","doi":"10.1016/j.intaccaudtax.2023.100581","DOIUrl":"https://doi.org/10.1016/j.intaccaudtax.2023.100581","url":null,"abstract":"<div><p>Prior studies on developed markets have documented that conditional conservatism is positively associated with investment efficiency. In this study, we investigate whether this association can be shaped by the unique institutional environment—state ownership of firms and banks—in China. First, we examine the association between conditional conservatism and investment efficiency in China’s corporate setting and find that conditional conservatism can reduce (facilitate) investment in listed firm settings in which overinvestment (underinvestment) is most likely, and thereby improve investment efficiency. Further analyses reveal that the effects of conditional conservatism on improving investment efficiency are less pronounced in state-owned enterprises (SOEs) and firms with higher percentages of loans borrowed from state-owned commercial banks. Moreover, we find that these effects are more pronounced in non-SOEs than in SOEs after the implementation of the 2008 stimulus program, which resulted in a large increase in bank borrowing by Chinese firms. Overall, this study provides new evidence on how the effects of conditional conservatism on investment efficiency can be shaped by concentrated state ownership and politically driven lending in China.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50179529","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

Earnings management to avoid losses: Evidence in non-listed Colombian companies 避免亏损的盈余管理：哥伦比亚非上市公司的证据

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-27 DOI: 10.1016/j.intaccaudtax.2023.100575

José E. Tobar Arias , Andrés Mora Valencia , Julián Benavides Franco

引用次数: 0

Do the educational profile, gender, and professional experience of audit committee financial experts improve financial reporting quality? 审计委员会财务专家的教育背景、性别和专业经验是否能提高财务报告质量？

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-20 DOI: 10.1016/j.intaccaudtax.2023.100580

Bilal , Bushra Komal , Ernest Ezeani , Muhammad Usman , Frank Kwabi , Chengang Ye

{"title":"Do the educational profile, gender, and professional experience of audit committee financial experts improve financial reporting quality?","authors":"Bilal , Bushra Komal , Ernest Ezeani , Muhammad Usman , Frank Kwabi , Chengang Ye","doi":"10.1016/j.intaccaudtax.2023.100580","DOIUrl":"https://doi.org/10.1016/j.intaccaudtax.2023.100580","url":null,"abstract":"<div><p>Going beyond the mere presence of the audit committee financial experts (ACFEs) within the audit committee, we examine whether the educational profile, gender, and professional experience of ACFEs reduces the extent of earnings management. Using a sample of Chinese listed companies, we find evidence suggesting that ACFEs with postgraduate qualifications and other professional certifications mitigate earnings management. Female ACFEs with postgraduate qualifications are more effective in mitigating earnings management than their male counterparts. Also, the professional experience of ACFEs helps them reduce the extent of earnings management. Results are more pronounced in the case of female ACFEs with more professional experience. In addition, we found that ACFEs working in privately-owned Chinese firms better mitigate earnings management compared to those in state-owned Chinese firms. Overall, our results remain robust after controlling for potential endogeneity problems and using alternative earnings management proxies. Our study provides implications for regulators about necessary policy reforms regarding audit committee composition and recommends that companies appoint female ACFEs in China.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50179527","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: 1

Social ties and related party transactions 社会关系和关联方交易

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-20 DOI: 10.1016/j.intaccaudtax.2023.100577

Guang-Zheng Chen

引用次数: 0

CSR reporting, assurance, and firm value and risk: The moderating effects of CSR committees and executive compensation 企业社会责任报告、保证与企业价值和风险：企业社会责任委员会和高管薪酬的调节作用

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-20 DOI: 10.1016/j.intaccaudtax.2023.100579

Hany Elbardan , Ali Uyar , Cemil Kuzey , Abdullah S. Karaman

{"title":"CSR reporting, assurance, and firm value and risk: The moderating effects of CSR committees and executive compensation","authors":"Hany Elbardan , Ali Uyar , Cemil Kuzey , Abdullah S. Karaman","doi":"10.1016/j.intaccaudtax.2023.100579","DOIUrl":"https://doi.org/10.1016/j.intaccaudtax.2023.100579","url":null,"abstract":"<div><p>This study focuses on the value-generating and risk-reducing function of corporate social responsibility (CSR) reporting, assurance, and Global Reporting Initiative (GRI) adoption by considering the moderating effects of CSR committees and executive CSR compensation. We retrieved an international dataset of 58,105 firm-year observations from the Thomson Reuters Eikon database over a long period of 16 years between 2004 and 2019. We find that while CSR reporting and external assurance are positively associated with firm value and industry-adjusted firm value, they are negatively associated with firm value volatility (i.e., risk). However, even though following GRI guidelines is not associated with firm value or industry-adjusted firm value, it is negatively associated with firm risk. Moderation analysis reveals that while CSR committees help strengthen the relationship between CSR reporting and external assurance and firm value, they fail to moderate the relation between GRI framework adoption and firm value. Furthermore, there are no significant results on the moderating effect of executive CSR compensation on firm value in any of the model configurations. However, further tests show that executive CSR compensation has a positive moderating effect between CSR reporting and assurance and accounting performance. Robustness tests confirm that the findings are largely robust to alternative sampling, methodology, and additional control variables.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50179528","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: 2

Lead independent director, managerial risk-taking, and cost of debt: Evidence from UK 首席独立董事、管理风险和债务成本：来自英国的证据

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-19 DOI: 10.1016/j.intaccaudtax.2023.100576

Andrews Owusu , Frank Kwabi , Ruth Owusu-Mensah , Ahmed A Elamer

引用次数: 0

Asymmetric cost behavior: Theory, meta-analysis, and implications 不对称成本行为：理论、荟萃分析及其启示

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-18 DOI: 10.1016/j.intaccaudtax.2023.100578

Vasilios-Christos Naoum , Dimitrios Ntounis , Georgios Papanastasopoulos , Orestes Vlismas

{"title":"Asymmetric cost behavior: Theory, meta-analysis, and implications","authors":"Vasilios-Christos Naoum , Dimitrios Ntounis , Georgios Papanastasopoulos , Orestes Vlismas","doi":"10.1016/j.intaccaudtax.2023.100578","DOIUrl":"https://doi.org/10.1016/j.intaccaudtax.2023.100578","url":null,"abstract":"<div><p>Asymmetric cost behavior is an emerging and dynamic research area within the context of contemporary cost management research. This study systematically reviews asymmetric cost behavior research published in ABS-ranked journals (53 English-speaking journals) between 2003 and 2020. Additionally, we provide a review of the econometric models and instruments employed in empirical asymmetric cost behavior research and a meta-analysis of prior empirical evidence for the main determinants of the direction and intensity of the asymmetric cost behavior phenomenon. Several research streams are recognized within two major themes of cost asymmetry empirical research: (i) determinants of the asymmetric cost behavior phenomenon, and (ii) cost asymmetry as a determinant of earnings behavior, earnings prediction, and other microeconomic and macroeconomic phenomena. Each major component of our review is accompanied by critical analysis and suggestions for future research. Meta-analysis of the existing body of cost asymmetry studies reveals no publication bias but increasing heterogeneity within existing empirical evidence for cost asymmetry.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50179532","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

An examination of corporate environmental goals disclosure, sustainability performance and firm value – An Egyptian evidence 对企业环境目标披露、可持续发展绩效和企业价值的考察——埃及证据

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-01 DOI: 10.1016/j.intaccaudtax.2023.100561

Akrum Helfaya , Ahmed Aboud , Essam Amin

{"title":"An examination of corporate environmental goals disclosure, sustainability performance and firm value – An Egyptian evidence","authors":"Akrum Helfaya , Ahmed Aboud , Essam Amin","doi":"10.1016/j.intaccaudtax.2023.100561","DOIUrl":"10.1016/j.intaccaudtax.2023.100561","url":null,"abstract":"<div><p>This paper explores the status quo of environmental goals disclosure (EGD) and empirically tests its impact on Egyptian corporate sustainability ratings and firm value. We find that Egyptian companies show a large degree of variability and inconsistency in their EGDs. However, EGDs have a positive impact on sustainability ratings and firm value. Companies that release more EGDs are more likely to gain membership in the Egyptian Sustainability Index and attain a high sustainability rank, to which the capital market reacts positively. Our findings have important implications, particularly for policymakers, companies, investors, environmental activists, and other stakeholder groups in developing nations. This study contributes insights from EGD practices in Egypt to the existing literature on corporate social responsibility (CSR) in developing nations. It also helps to resolve the conflicting predictions of socio-political theories and the voluntary disclosure theory, showing how both perspectives help to explain the relationships among corporate EGDs, sustainability ratings, and firm.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44416868","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: 2