Asian Journal of Business and Accounting最新文献

{"title":"Impact of Leadership Style and Demographic Profile on Accounting Student Performance – The Case of Academic Administrators and Faculty Members in the Philippines","authors":"J. Cha, James Calleja, Patrick Giorgio Mendoza, Jose Luis Yupangco, Rodiel C. Ferrer","doi":"10.22452/ajba.vol12no2.7","DOIUrl":"https://doi.org/10.22452/ajba.vol12no2.7","url":null,"abstract":"Manuscript type: Research paper Research aims: This study aims to investigate how leadership styles and the demographic profiles of academic administrators and faculty members can influence the university students’ performance in the Board Licensure Examination for Certified Public Accountants (BLECPA). Design/Methodology/Approach: The leadership styles of the academic administrators and faculty members are measured through the Bass model. Data are collected from 94 academic administrators and faculty members attached to 35 top performing colleges/universities in the 2017’s BLECPA. Research findings: The results suggest that the leadership styles and the demographic profiles of the academic administrators affect the students’ performance in the BLECPA. Theoretical contribution/Originality: This study extends on the existing literature by providing empirical evidence which highlight the relationship between academic leadership styles and universities’ performance in the BLECPA. This outcome focusses on universities in and outside of Manila. This study uses a more sophisticated estimation technique to address the limitations of the classical linear regression model (CLRM). Moreover, this study evaluates leadership by incorporating both the administrators and the faculty members’ leadership styles. In that regard, this study differs from existing studies which had focused on a single source of leadership. Practitioner/Policy implications: The findings of this study inform universities on how leadership style and the characteristics of academic administrators, and faculty members may influence universities’ performance. Policies can be formulated based on the findings of this paper, particularly those offering accountancy education for both the Philippines and the ASEAN region. Research limitation: This study does not take into account the differences of the organisational structure and the number of staff and students of the universities. Keywords: Bass Leadership Model, Demographic Profile, Student Performance, Higher Institution Education JEL Classification: M49","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":"12 1","pages":"179-210"},"PeriodicalIF":0.9,"publicationDate":"2019-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42998245","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}

{"title":"Intellectual Structure and Scientific Evolution of Strategic Decision in the Field of Business and Management from 1971 to 2018","authors":"Harry Patria, S. Wahyuni, R. Kusumastuti","doi":"10.22452/ajba.vol12no2.9","DOIUrl":"https://doi.org/10.22452/ajba.vol12no2.9","url":null,"abstract":"Manuscript type: Review paper Research aims: This study aims to analyse the published works of strategic decision in business and management which have had the greatest impact and evolutionary scientific trend within the intellectual sphere. Drawing from the integrative perspective, this study attempts to: (i) investigate the intellectual structure of earlier works so as to analyse the evolution of strategic decisions; (ii) examine the evolutionary scientific trends, and (iii) identify some implications for future research in this area. Design/Methodology/Approach: This study generates its analysis based on the following bibliometric tools: (i) multidimensional data analysis using the Sankey Diagram, (ii) visual network and heat map analysis using the VOSviewer, and (3) strategic diagrams and evolution maps using the SciMAT. The methodology is based on the bibliometric technique of citation and co-citation analyses which are scientifically applied to a sample of 1,218 articles published in leading management and business journals over a period of 48 years, from 1971 to 2018. Research findings: The findings of this study plots the intellectual structure of the strategic decision as well as the evolutionary themes of the strategic decisions, for instance, decision-making and intuition (2000-2004), bounded rationality and uncertainty (2005-2009), decision support system and artificial intelligence (2010-2014), and decisionmaking and intuition (2015-2019). Overall, the results demonstrate the top scientific themes that were prevalent over a period of 48 years. The themes include: decision-making, intuition, rationality, behavioural economics, bounded rationality and investment decision. Theoretical contribution/Originality: These findings provide valuable insights which demarcate the evolution of strategic decision as viewed through the synoptic-incremental continuum of rationality, intuition and political decision process. This study also contributes to the emerging role of behavioural economics on the strategic decisionmaking process in business and management. The results also highlight the role of the incremental decision process as an intuitive and political decision that can be interactively enhanced by decisionmakers while under increased risk and uncertainty. Practitioner/Policy implications: The results of this study suggest that decision-makers need to pay attention towards building and developing the incremental process such as intuitive and political decision along with rationality so as to optimise the decision outcomes. Keywords: Strategic Decision, Decision-Making, Bibliometric Review, Business, Management, Intuition, Rationality JEL Classification: M10, Y3","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":"12 1","pages":"233-286"},"PeriodicalIF":0.9,"publicationDate":"2019-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68636172","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}

{"title":"Effect of the Trusted Taxpayer Designation on Corporate Tax Avoidance Behavior: Evidence from Korea","authors":"JungHwa Suh, H. Y. Lee, Arnold E. Kuk, H. Ryu","doi":"10.22452/ajba.vol12no2.5","DOIUrl":"https://doi.org/10.22452/ajba.vol12no2.5","url":null,"abstract":"Manuscript type: Research paper Research aims: This study focuses on the efficacy of the trusted taxpayer system in Korea by examining whether firms designated as trusted taxpayers are more likely to pay taxes faithfully, and consistently when compared to firms that are not designated. Design/Methodology/Approach: This study uses the ordinary least squares (OLS) method, and specifically, the trusted taxpayer designation as an indicator of tax compliance while the book-tax difference (BTD), and the discretionary BTD are used as a measure of tax avoidance. Research findings: Results show that firms designated as trusted taxpayers are less likely to avoid taxes than firms not designated. Among firms that are designated as trusted taxpayers, it appears that firms with CEOs who come from founding families, firms that are non-SMEs (other than small and medium sized firms defined by the Small Business Act of Korea), and firms whose majority shareholder ownership is greater than the median, are less likely to avoid taxes.Theoretical contribution/Originality: To the best of our knowledge, this study is the first to use a tax avoidance measure to examine the effect of the trusted taxpayer designation on corporate tax avoidance by comparing firms that are designated and firms that are not designated as trusted taxpayers. Practitioner/Policy implications: This study shows that firms designated as trusted taxpayers are less likely to avoid taxes than firms that are not designated. This implies that the current trusted taxpayer system implemented by the Korean tax authority is effective and should be promoted. Research limitations: The Korean tax authority announces the designation of trusted taxpayers separately for corporate businesses and self-employed businesses. The results of this study are confined to the data of corporate businesses only. Keywords: Book-Tax Difference, Discretionary BTD, Tax Authorities, Tax Avoidance, Trusted Taxpayers JEL Classification: H26","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":"12 1","pages":"121-146"},"PeriodicalIF":0.9,"publicationDate":"2019-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48122081","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}

{"title":"Offline Brand Outcomes of Instagram: Do Cognitive Network and Self-congruity Matter?","authors":"Goh Yee Shien","doi":"10.22452/ajba.vol12no2.10","DOIUrl":"https://doi.org/10.22452/ajba.vol12no2.10","url":null,"abstract":"Manuscript type: Research paper Research aims: This study aims to determine the extent to which consumers’ brand “Follows” are self-congruent due to their cognitive networks or the perception of their social network structure on Instagram. This study also examines if self-congruity results in positive offline brand outcomes when mediated by brand love. Design/Methodology/Approach: A total of 168 valid responses are collected and analysed. SPSS version 21 is used to measure the descriptive statistics and frequencies and the SMART PLS 3.0 is used as the structural model for hypothesis testing. Research findings: Results indicate that social tie strength significantly affects self-congruity while brand love is a significant mediator on the relationship between self-congruity and offline brand outcomes (brand loyalty and WoM). Of the three perceived homophily (attitude homophily, status homophily and morality homophily), findings show that morality homophily is the stronger predictor for social tie strength among consumers and their friends on Instagram. Theoretical implications: This study expands on previous literature by investigating the relationship between cognitive network influence, consumers’ self-congruity with “followed brand” and offline brand outcomes (brand love, brand loyalty and WoM), in the context of Instagram. Practitioner/Policy implications: The findings suggest that in order to target Instagram users that “follow” the brand, these brands must be categorised based on status and moral ties. Marketing intelligence and target market segmentations on Instagram can be performed by using tie-strength. Brands on Instagram should be defined based on customers’ orientation, i.e., by humanising the brand so as to create an emotional bond. Proxy measures of brand love can be used to predict repurchase intention and the likeliness of sharing through WoM. Research limitation/Implication: The homophily and social tie strength are measured based on consumers’ own perceptions with friends on Instagram. The small number of samples used may limit the generalisability of the findings. Keywords: Brand Love, Instagram, Loyalty, Self-congruity, Social Tie Strength, WoM JEL Classification: M31","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2019-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44768032","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}

{"title":"Organisational Power, Cohesiveness and Culture of Taiwan’s Cosmetology Industry","authors":"D. D. Kesa, Mingchang Wu, Chenju Ko","doi":"10.22452/ajba.vol12no2.8","DOIUrl":"https://doi.org/10.22452/ajba.vol12no2.8","url":null,"abstract":"Manuscript type: Research paper Research aims: This study aims to examine the influential paths and internal relationships of organisational power, organisational culture and organisational cohesiveness. Design/Methodology/Approach: The Analysis of Moment Structures (AMOS) is used to analyse the survey data collected from 222 practitioners who are from five cosmetology industries based in Taiwan. Research findings: This study reveals that: (1) both organisational power and organisational culture individually creates significant impacts on organisational cohesiveness, and (2) organisational culture plays an important role as a mediator between organisational power, and organisational cohesiveness.Theoretical contribution/Originality: This finding encourages the need for more positive organisational culture to be built to enhance organisational cohesiveness which contributes to the achievement and performance of both the individuals and the organisations at large.Practitioner/Policy implications: The interactive factors’ effect overwhelms the single-factor effect, where individuals develop their organisational cohesiveness, even if each single factor functions separately. In reality, organisational culture needs to be the first priority factor to be developed in a workplace so as to build cohesiveness. Research limitations/Implications: This study is conducted based on a fundamental assumption, hence the limitation lies in that the surveyed sample may or may not fully understand the question/ items provided in the questionnaire. This could affect the level of honest answers revealed through their perceptions. Future studies may consider taking the qualitative approach. Keywords: Cosmetology Industry, Organisational Power, Organisational Culture, Organisational Cohesiveness JEL Classification: L66, L2, D91","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":"12 1","pages":"211-232"},"PeriodicalIF":0.9,"publicationDate":"2019-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48585939","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}

{"title":"Common Risk Factors in Stock Returns in the MENA Region","authors":"R. Abadi, F. Silva","doi":"10.22452/ajba.vol12no2.2","DOIUrl":"https://doi.org/10.22452/ajba.vol12no2.2","url":null,"abstract":"Manuscript type: Research paper Research aims: This paper examines risk factors comprising size, value, profitability, investment, momentum and illiquidity to see if they are relevant for the stock markets in the Middle East and North Africa (MENA) region. Design/Methodology/Approach: Stock market data, from January 2007 to December 2015, are used to construct the risk factors for the stock market in the MENA region. The single factor models and the multifactor models are used to explain the constructed portfolios’ excess returns. Research findings: Findings show that the risk factors of size, value and profitability are the most important to be applied in asset pricing models within the MENA region. In addition, most of the models analysed in this study are unable to perfectly capture the average excess returns of the datasets, with the seven-factor model performing better than the other competing models. Theoretical contribution/Originality: This paper is possibly one of the first to construct and apply the above-mentioned risk factors in the MENA markets. It further proposes using two additional risk factors, such as momentum and illiquidity, within the Fama and French’s three-factor and five-factor models so as to examine the stock markets of the MENA region. Other researchers before have not made this proposition. Practitioner/Policy implication: The findings raise the awareness that additional and important factors must be considered by investors in the emerging financial markets when they want to diversify the risks so as to achieve higher excess returns. Research limitation/Implications: This study also has some drawbacks in that the dataset period is short while the analysis comprises different markets with different levels of development, thereby affecting some degree of generalisability. Keywords: CAPM, Factor Models, Illiquidity Factor, MENA Market JEL Classification: G12","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":"12 1","pages":"29-60"},"PeriodicalIF":0.9,"publicationDate":"2019-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68636070","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}

{"title":"Information Asymmetry and Signalling in Emerging IPO Markets: The Case of Malaysia","authors":"Ali Albada, Othman Yong, Ruzita Abdul-Rahim, Mohd. Ezani Mat Hassan","doi":"10.22452/ajba.vol12no2.1","DOIUrl":"https://doi.org/10.22452/ajba.vol12no2.1","url":null,"abstract":"Manuscript type: Research paper Research aims: This study examines the effect of information asymmetry on the relationship between the signalling variables and the initial returns of IPO. The signalling variables examined include lock-up period, underwriter reputation, auditor reputation, and board reputation. This study also examines the ability of signalling variables in reducing information asymmetry (the average first ten days of Bid/Ask spread is used as proxy for information asymmetry) around listing firm’s issues. Design/Methodology/Approach: This study employs cross-sectional regression model to examine the influencing effect of information asymmetry on the relationship between signalling variables and initial returns of IPOs, and to investigate which of the signals are able to reduce the level of information asymmetry surrounding the listing firm’s issues in the Malaysian IPO market. The study sample consists of 393 IPOs listed on Bursa Malaysia between January 2000 and December 2015. Research findings: The results show that the effect of signalling variables is more pronounced on the initial performance of IPOs when in an environment of high information asymmetry. Evidence also indicates that board reputation is able to reduce the under-pricing cost borne by listing firms by lowering the level of information asymmetry regarding the listing firm’s issues. Underwriter reputation is able to reduce the level of information asymmetry regarding listing firm’s issues, but unable to influence the initial returns of IPOs. Further, auditor reputation is able to reduce the under-pricing cost, but unable to reduce the level of information asymmetry regarding the listing firm’s issues. Finally, lock-up period is unable to reduce the level of information asymmetry as well as under-pricing with regards to the listing firm’s issues. Theoretical contribution/Originality: The effect of information asymmetry on the relationship between signalling variables and initial returns, and the effect of signalling variables on information asymmetry remains unexplored in the Malaysian IPO market. This gap is addressed by the current study. Practitioner/Policy implication: The findings imply that underwriter reputation, auditor reputation, and board member reputation are important for determining the initial returns of the IPOs. They are also important for reducing the level of information asymmetry surrounding the listing firm’s issues. Therefore, it is reasonable to suggest that information regarding these signals be disclosed completely to investors since current disclosure practices in Malaysia only embed fragmented information. Research limitation/Implications: In the present study, the Bid/ Ask spread is used as proxy for information asymmetry. Future studies should consider other indicators such as the heterogeneity of investors’ opinion on the true value of the listing firm’s issues. This is because the fixed price method provides no opportunity for prospect","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":"12 1","pages":"1-28"},"PeriodicalIF":0.9,"publicationDate":"2019-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44165189","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}

{"title":"Influence of Family Ownership on Earnings Quality","authors":"Sang Ho Kim, Y. An","doi":"10.22452/ajba.vol12no2.3","DOIUrl":"https://doi.org/10.22452/ajba.vol12no2.3","url":null,"abstract":"Manuscript type: Research paper Research aims: This paper investigates how family ownership affects firm’s earnings quality. The focus is on firms listed on the Korean Stock Exchange (KSE). Design/Methodology/Approach: This study uses panel data to classify family ownership into two categories: pure family ownership and ownership-control disparity (wedge) where wedge is further divided into 1) wedge ratio and 2) wedge multiplier. In addressing the category of ownership-control disparity, it is important to measure how much control rights are greater than ownership rights. Therefore, this study employs the wedge multiplier to overcome the limitation of not separating management control and ownership. Firms’ earnings quality is tested by using four proxies proposed by Jonas and Blanchet (2000): 1) persistence, 2) value relevance, 3) conservatism, and 4) accruals quality. Research findings: This research finds family ownership to be positively associated with earnings quality, value-relevance and accruals quality. However, ownership-control disparity does not reduce the earnings quality. This finding is not consistent with previous studies. Thus, it is deduced that the controlling family shareholders of the chaebol firms have a dominant influence on firms which they invested in by using affiliated ownership. Significant ownership-control disparity is prevalent in chaebol firms, resulting in low earnings quality. Theoretical contribution/Originality: Family ownership is predominant in a number of countries, especially in East-Asian countries. In that regard, this study is important. It contributes to the understanding of family ownerships and firms’ earnings quality not only for the Korean contexts, but also for other East Asian countries. Research limitation/Implications: The four proxies of earnings quality used in this study do not necessarily reflect all aspects of the earnings quality. In this study, the results between family ownership and earnings quality are mixed. The results based on the association between corporate governance and earnings quality could be attributed to the way earnings quality is defined. The management of the chaebol firms or large business groups should try to improve transparency and the quality of their financial reporting.Keywords: Chaebol, Earnings Quality, Family Ownership, Panel Data, Wedge JEL Classification: G32, G34, M41","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":"12 1","pages":"61-92"},"PeriodicalIF":0.9,"publicationDate":"2019-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47642017","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}

{"title":"Factors Affecting the Need to have Accounting Technical Competence, Professional Skills and Professional Values, Ethics, and Attitudes – The Case of Thailand","authors":"Naruanard Sarapaivanich, Worraphan Trakarnsirinonta, Suvanna Laohavisudhi, Tanikan Viriyachinkarn","doi":"10.22452/AJBA.VOL12NO1.3","DOIUrl":"https://doi.org/10.22452/AJBA.VOL12NO1.3","url":null,"abstract":"Manuscript type: Research paper Research aims: This study aims to examine the factors affecting accounting professionals’ essential skills as specified by the International Education Standards (IESs). Design/Methodology/Approach: The antecedent factors are drawn from Aldefer’s (1969) theory of existence, relatedness and growth needs (ERG). A mixed method approach involving auditors, standard setters and faculty members is employed in this study. Research findings: The results suggest that accounting professional skills are motivated by the growth and relatedness needs. The findings further reveal that the length of accounting training experience and the students’ intention to work in accounting fields, after graduation, are key factors which enhance their accounting technical competence. Theoretical contributions/Originality: This study contributes to the emergent interest in this field by focussing on how the ASEAN Economic Community (AEC) members like Thailand, responds to the needs of the IES. The ERG theory could be adapted in understanding the factors affecting the development of accounting technical competence, professional skills and professional values, ethics and attitudes. Practitioner/Policy implications: The ERG theory assists managers in recognising that if growth opportunities are not furnished to employees, they may regress to relatedness needs. The findings thus suggest that in order to develop students’ accounting technical skills (IES2), the academic institutions should encourage students to participate in accounting training programmes as a part of the course curriculum. The results further indicate that accounting professional skills (IES3) can be enhanced if they get acceptance from their superiors and co-workers. Research limitations: The samples of this paper comprise accounting students from northern Thailand. Only three International Education Standards (IESs) which are implemented in Thailand are examined. Keywords: Accounting Technical Competence, Professional Skills, Professional Values, Ethics and Attitudes JEL Classification: M41, M48","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2019-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47929144","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}

{"title":"Effect of Financial Information and Corporate Social Responsibility Disclosure on Investment Decision: Evidence from an Experimental Study","authors":"Hijroh Rokhayati, E. Nahartyo, Haryono H","doi":"10.22452/AJBA.VOL12NO1.5","DOIUrl":"https://doi.org/10.22452/AJBA.VOL12NO1.5","url":null,"abstract":"Manuscript type: Research paper Research aims: This research is based on an experiment which is conducted to examine the effects of financial information and corporate social responsibility (CSR) disclosure on investment decision. Design/Methodology/Approach: The research employs the laboratory experiment design which involves 45 graduate students as subjects. The independent variable, financial information, is manipulated by favourable and unfavourable financial information while the CSR disclosure is manipulated by prevention focus and promotion focus. The dependent variable, investment decision, is manipulated by using the 10-point Likert scale. Subjects are randomly assigned to one of four treatments (favourable or unfavourable financial information and promotion focus or prevention focus of CSR disclosure). Research findings: The results show that CSR disclosure affects investment decision. The results also show that subjects decide on greater investments when the CSR disclosure is with a prevention focus. Theoretical contribution/Originality: By investigating the effect of financial information and CSR disclosure on investment decision, this research has effectively used the CSR disclosure strategy to determine investment decision. This research contributes to extant literature by highlighting that CSR disclosure based on regulatory focus can be more effective for investment decision, especially when it has a prevention focus. This persuades investors to make their investment decision. Practitioner/Policy implication: The findings of the current research show that investors make greater investments in financial information and CSR disclosure with a prevention focus. The findings of this research will encourage firms to disclose their CSR activities by taking into consideration the situational aspects, based on the prevention focus that emphasises on avoiding social and environmental negative effects. Research limitation/Implications: This research only examines the situational focus of regulation on investment decision. Future research can examine the effect of chronic regulatory focus on investors. \u0000Keywords: Financial Information, Corporate Social Responsibility, Regulatory Focus Theory, Experimental Design, Investment Decision JEL Classification: M41","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":"1 1","pages":""},"PeriodicalIF":0.9,"publicationDate":"2019-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41438239","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}