Journal of International Accounting Auditing and Taxation最新文献_第8页

Corporate governance reforms and voluntary disclosure: International evidence on management earnings forecasts 公司治理改革与自愿披露：管理层盈利预测的国际证据

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2024-01-28 DOI: 10.1016/j.intaccaudtax.2024.100602

Chih-Hsien Liao , Ziyao San , Albert Tsang

{"title":"Corporate governance reforms and voluntary disclosure: International evidence on management earnings forecasts","authors":"Chih-Hsien Liao , Ziyao San , Albert Tsang","doi":"10.1016/j.intaccaudtax.2024.100602","DOIUrl":"10.1016/j.intaccaudtax.2024.100602","url":null,"abstract":"<div><p>This study examines whether and how a country’s implementation of corporate governance reforms affects the propensity and properties of management earnings forecasts. We propose competing hypotheses that the implementation of corporate governance reforms will either increase or reduce the likelihood of management earnings forecasts. Our sample includes public firms from 22 countries spanning from 2004 to 2009. Using a difference-in-differences (DID) research design and logistic regressions, we compare the change in earnings forecast practices between firms domiciled in countries that implemented corporate governance reforms and firms domiciled in countries that did not. We find that the implementation of corporate governance reforms in a country increases the propensity of firms in that country to issue earnings forecasts. However, the implementation of corporate governance reforms in a country does not significantly influence the quality of earnings forecasts issued in the post-reform period. Also, the effect of reforms on the level of earnings forecasts issued by firms is greater for countries adopting the comply-or-explain type of reform, for firms in countries with a weaker level of pre-reform corporate governance, and for countries with a common law legal origin. Overall, our findings shed light on how strengthened corporate governance affects firms’ voluntary disclosure practices.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"54 ","pages":"Article 100602"},"PeriodicalIF":2.6,"publicationDate":"2024-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139579194","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 materiality of non-financial tax disclosure: Experimental evidence 非财务税务信息披露的重要性：实验证据

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2024-01-27 DOI: 10.1016/j.intaccaudtax.2024.100600

Max Göttsche , Florian Habermann , Sebastian Sieber

{"title":"The materiality of non-financial tax disclosure: Experimental evidence","authors":"Max Göttsche , Florian Habermann , Sebastian Sieber","doi":"10.1016/j.intaccaudtax.2024.100600","DOIUrl":"10.1016/j.intaccaudtax.2024.100600","url":null,"abstract":"<div><p>This study examines whether corporate tax information from non-financial disclosure is material for investors. This is important because, recently, the Global Reporting Initiative (GRI) enacted, and the European Union (EU) passed, new non-financial tax disclosure requirements. By conducting a factorial survey experiment, we are the first to show that non-professional investors are more likely to invest in companies providing detailed public country-by-country-reporting (CbCR) than in those that do not. We conclude that a public CbCR – as required by the GRI and the EU – is material for (non-professional) investors. Additional analyses show that the effect of the public CbCR is stronger (i) for socially responsible investors and (ii) for investors with high tax morale. In contrast to providing public CbCR, we find no evidence that reporting the corporate tax strategy (CTS) – as solely required by the GRI – affects investment decisions. Our findings provide novel insights into whether and how different types of investors integrate different kinds of non-financial tax disclosure in their decision-making processes. For this reason, our study at the intersection of corporate taxation, reporting, and sustainability provides implications for scholars, corporate decision-makers, policy-makers, and standard setters.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"54 ","pages":"Article 100600"},"PeriodicalIF":2.6,"publicationDate":"2024-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1061951824000065/pdfft?md5=28497cfdc08e9f279337c7194a6b2dc5&pid=1-s2.0-S1061951824000065-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139677751","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 board composition impact the timeliness of financial reporting? Evidence from Swedish privately held companies 董事会组成是否影响财务报告的及时性？瑞典私营公司的证据

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2024-01-19 DOI: 10.1016/j.intaccaudtax.2024.100597

Irina Alexeyeva

引用次数: 0

Social media in accounting research: A review and future research agenda 会计研究中的社交媒体：回顾与未来研究议程

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2024-01-14 DOI: 10.1016/j.intaccaudtax.2024.100595

Michail Nerantzidis , Ioannis Tampakoudis , Chaoyuan She

{"title":"Social media in accounting research: A review and future research agenda","authors":"Michail Nerantzidis , Ioannis Tampakoudis , Chaoyuan She","doi":"10.1016/j.intaccaudtax.2024.100595","DOIUrl":"10.1016/j.intaccaudtax.2024.100595","url":null,"abstract":"<div><p>In recent years, accounting scholars have shown growing interest in utilizing social media (SM) for research. Using a structured literature review of 86 articles, this study aims to reconcile insights from diverse literature to understand the current trends in SM accounting research and propose an agenda for future studies. Our findings reveal that SM accounting research is still at an early stage despite the increase of articles in recent years. In particular, we find that most studies focus on (publicly listed) corporate use of SM (mostly Twitter and Facebook) to disseminate financial and non-financial information in the North American and European regions. However, there is still a limited understanding of how SM interactions among various parties may push for greater transparency in different forms of organizations and in countries where stakeholder interests are less protected. While SM studies use system-oriented (such as institutional, legitimacy, and stakeholder theories) and economic-based theories, most studies only use SM as an empirical platform and rely on empirically developed arguments without reference to explicit theories. Finally, we identify common research themes and suggest promising avenues for future accounting research.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"54 ","pages":"Article 100595"},"PeriodicalIF":2.6,"publicationDate":"2024-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139495178","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

Regulatory investigations, media coverage, and audit opinions 监管调查、媒体报道和审计意见

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2024-01-12 DOI: 10.1016/j.intaccaudtax.2024.100596

Xuelian Li , Liang Dong , Hung Wan Kot , Ming Liu

引用次数: 0

The real effects of financial reporting: Evidence and suggestions for future research 财务报告的实际效果：证据与未来研究建议

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-12-20 DOI: 10.1016/j.intaccaudtax.2023.100594

Henrike Biehl , Christopher Bleibtreu , Ulrike Stefani

{"title":"The real effects of financial reporting: Evidence and suggestions for future research","authors":"Henrike Biehl , Christopher Bleibtreu , Ulrike Stefani","doi":"10.1016/j.intaccaudtax.2023.100594","DOIUrl":"10.1016/j.intaccaudtax.2023.100594","url":null,"abstract":"<div><p>This article systematically reviews 94 accounting and finance studies that address the real effects of financial reporting. Whereas the effects of financial reporting on capital suppliers’ decisions traditionally have received much attention, recent research has generated important new insights into the feedback effects of financial reporting on the reporting firms’ real activities (e.g., investments or allocation and use of resources). We identify the consequences of financial reporting for (1) the reporting firm, (2) its peer firms, and (3) the input and output markets. We also highlight the effects of firms’ internal controls over financial reporting and consider how accounting and auditing regulations influence and contribute to real effects. The studies we review are consistent in their findings that high-quality financial reporting is positively associated with the efficiency of the reporting firm’s resource allocation. Many studies also suggest a positive association between high-quality financial reporting and an efficient allocation of resources in the real sector, which can also benefit other market participants like consumers or employees. The article concludes with an outlook on fruitful research opportunities.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"54 ","pages":"Article 100594"},"PeriodicalIF":2.6,"publicationDate":"2023-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1061951823000733/pdfft?md5=3b0e6f881383dbfec5504ca72720d59f&pid=1-s2.0-S1061951823000733-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138823623","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

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":"53 ","pages":"Article 100582"},"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":"53 ","pages":"Article 100581"},"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