Accounting and Business Research最新文献

{"title":"The determinants and value-relevance of voluntary disclosure of supply chain information","authors":"Charlie X. Cai, Fei Teng, Xue Xia, Yuanyuan Xin","doi":"10.1080/00014788.2022.2030668","DOIUrl":"https://doi.org/10.1080/00014788.2022.2030668","url":null,"abstract":"We use the voluntary nature of supply chain information disclosure in China’s stock market, including both major customers and suppliers information, to study the determinants and value relevance of proprietary information voluntary disclosure. Consistent with information asymmetry concern, disclosure is more likely when firms are seeking external finance or operating with a more concentrated supply chain where the needs of reducing information asymmetry are higher. Supply chain disclosure is found to be associated with a lower firm valuation on average. Good corporate governance reduces such voluntary disclosure, further confirming protecting proprietary information is one of the key considerations of non-disclosure. The disclosure of supplier identity is less value relevant than customer identity.","PeriodicalId":7054,"journal":{"name":"Accounting and Business Research","volume":"53 1","pages":"439 - 477"},"PeriodicalIF":1.7,"publicationDate":"2022-04-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41967335","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Thank you to reviewers","authors":"","doi":"10.1080/00014788.2022.2027326","DOIUrl":"https://doi.org/10.1080/00014788.2022.2027326","url":null,"abstract":"(2022). Thank you to reviewers. Accounting and Business Research: Vol. 52, No. 2, pp. 221-222.","PeriodicalId":7054,"journal":{"name":"Accounting and Business Research","volume":"22 1","pages":""},"PeriodicalIF":1.7,"publicationDate":"2022-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138533631","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Capital budgeting and managerial empire building","authors":"Katrin Weiskirchner-Merten","doi":"10.1080/00014788.2021.2021502","DOIUrl":"https://doi.org/10.1080/00014788.2021.2021502","url":null,"abstract":"I examine how a company's headquarters use an empire-building manager's report about decision-relevant private information to make capital budgeting decisions and compensate the manager. To this end, I construct a model comprising the headquarters (principal) and the manager (agent), who reports on the investment project's expected profitability. I identify the optimal investment sizes and compensation payments, where the headquarters trade off managerial information rents – arising from empire-building benefits inducing the manager to favour overinvestment – for investment efficiency. The headquarters counteract the manager's desire for overinvestment with investment distortions in the form of underinvestment (or overinvestment) for a high (or low) expected profitability. Due to these distortions, the expected compensation is not monotone in the level of empire-building benefits. Unlike previous capital budgeting studies, in this study, I show that managerial empire-building benefits can multi-directionally affect companies' optimal capital budgeting decisions and related compensation schemes.","PeriodicalId":7054,"journal":{"name":"Accounting and Business Research","volume":"53 1","pages":"416 - 438"},"PeriodicalIF":1.7,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48044391","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Discussion of ‘Moving toward the expected credit loss model under IFRS 9: Capital Transitional Arrangement and bank systematic risk'","authors":"Araceli Mora","doi":"10.1080/00014788.2022.2027078","DOIUrl":"https://doi.org/10.1080/00014788.2022.2027078","url":null,"abstract":"The change of the loan loss accounting model in International Financial Reporting Standard 9 (IFRS 9) that took place after the financial crisis came as a result of a long standard-setting process in which different views, sometimes contradictory, had to be balanced. Bank prudential regulators and supervisors had a significant role in the process, their influence in the final output was relevant, and they have a very active role in the implementation of the new model. Empirical research on the interaction between bank regulation and accounting standards, in particular when there are changes in response to a financial crisis is of great interest to help understand bank accounting practices. The study by Dong and Oberson (2021) (D&O) makes a welcome contribution to this field. As highlighted by D&O, two significant changes arise with the adoption of IFRS 9: (i) expected losses are considered, so there is anticipation of recognition of loan losses compared to IAS 39; and (ii) the consideration of forward-looking information increases managerial discretion. From the prudential regulation perspective, the implementation of IFRS 9 should have a negative impact on the regulatory capital, which is why the Basel Committee of Banking Supervision (BCBS) in 2017 introduced the Capital Transitional Arrangement (CTA), to allow banks to keep the incurred loss model for up to five years to calculate regulatory capital, while adapting their risk management. D&O has two main aims: First, to analyse the causes, and second, to analyse the consequences, of adopting the CTA option. The paper sets out the implications mainly from the bank regulation (prudential) perspective, but also from the accounting perspective. From the","PeriodicalId":7054,"journal":{"name":"Accounting and Business Research","volume":"52 1","pages":"680 - 689"},"PeriodicalIF":1.7,"publicationDate":"2022-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45273323","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Multi-mode standardisation and comparability: Norway's failed attempt to adopt the IFRS for SMEs","authors":"Anna Alon, G. Haaland, K. Røsok","doi":"10.1080/00014788.2021.2001306","DOIUrl":"https://doi.org/10.1080/00014788.2021.2001306","url":null,"abstract":"The coexistence of IFRS and non-IFRS standards has proven challenging at the national level. We utilise a multi-mode standardisation perspective that recognises the interplay of committees, market players, and the government to examine multi-standard financial reporting in Norway and focus on two parallel efforts that introduced proposals to base the national accounting standards on the IFRS for SMEs. In our case, the jurisdictional tensions stem from the broad remit of the government to regulate financial reporting and the ambiguous legal standing of the national standards and of the standard setter. Comparability is often cited as one of the central aims of standardisation in financial reporting. Consequently, how different players utilise the concept is of interest. We find that the scope of comparability that the standards aim to achieve is not given sufficient consideration. The feedback provided with regard to the proposals underscores that the scope of comparability is important for the users of the standards. They focus on the most likely comparisons that are made and want to maintain a national focus and comparability across similar types of companies and industries. They do not regard the standardisation efforts and proposed elimination of standards and options as necessarily beneficial for comparability.","PeriodicalId":7054,"journal":{"name":"Accounting and Business Research","volume":"52 1","pages":"734 - 764"},"PeriodicalIF":1.7,"publicationDate":"2022-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44372302","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The pursuit of organisational authenticity in the chartered accountancy profession in Great Britain","authors":"S. Walker","doi":"10.1080/00014788.2021.2018287","DOIUrl":"https://doi.org/10.1080/00014788.2021.2018287","url":null,"abstract":"In contrast to the conventional focus on recruits and members, this paper examines identity construction in professional organisations. It explores authenticity work – identification activity directed at external audiences to assert distinctiveness. The focus is on commemorative celebrations of the Institute of Chartered Accountants of Scotland (ICAS) and the Institute of Chartered Accountants in England and Wales (ICAEW) during the twentieth century. Evidence from archival and published documents demonstrates that the chartered bodies in Britain were anxious to assert their uniqueness in an increasingly congested professional field. The analysis shows that ICAS made authenticity claims based on its unique position as the first accountancy body in the modern world and emphasised its status as the originator of the institutions of the accountancy profession. The ICAEW, by contrast, initially stressed its alignment to progress and modernity and later emphasised its standing as the leading professional body located at the centre of economic and political power. It is suggested that comprehending the authenticity claims of these organisations is potentially significant to understanding the fragmentation of the chartered accountancy profession in Britain.","PeriodicalId":7054,"journal":{"name":"Accounting and Business Research","volume":"53 1","pages":"305 - 334"},"PeriodicalIF":1.7,"publicationDate":"2022-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47944524","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Discussion of ‘Multi-mode standardisation and comparability: Norway’s failed attempt to adopt the IFRS for SMEs’","authors":"Frank Thinggaard","doi":"10.1080/00014788.2021.2017555","DOIUrl":"https://doi.org/10.1080/00014788.2021.2017555","url":null,"abstract":"Alon, Haaland, and Røsok (AHR) (2021) conduct a case study of Norway’s failed attempt to introduce IFRS-SME (with some national adjustments) as the new standard for financial reporting for the large and diverse group of unlisted companies and for listed companies’ individual financial statements. They apply the temporal bracketing strategy to divide the stream of events related to the standardisation attempt into a sequence of shorter episodes. The sequence begins with the issuance of the EU Directive 2013/34 in June 2013, and ends in December 2018 with the Ministry of Finance’s update of ‘simplified IFRS’, which is one of three sets of reporting regimes available to Norwegian private companies and listed companies in their individual financial statements. The other two regimes are Norwegian GAAP and full IFRS. Norwegian GAAP are based on the Norwegian Accounting Act, which on the one hand complies with the provisions of the EU Accounting Directive, and on the other hand draws on a number of sources such as International Accounting Standards, UK GAAP and US GAAP and has an income statement (matching) orientation, rather than a balance sheet orientation (Kvaal 2017). For many years, the rules in the Accounting Act were completed by accounting standards issued by the unofficial Norwegian standard-setter NASB. Thus, the Norwegian legal framework for financial reporting is complex, it provides companies with several options, the available regimes are based on different conceptual frameworks, and many different parties are involved (the EU, the Government, the IASB, the NASB, and the preparers/auditors). In 2014 the Government appointed an expert group with the mandate of suggesting a revision of the Norwegian legal framework for financial reporting. The Government did not mention the need to adopt international standards, but in 2015 the expert group presented a report in which it advocated an accounting regulation based on IFRS for SMEs. The NASB made parallel efforts to introduce IFRS for SMEs as the basis for Norwegian financial reporting. However, in 2017 the","PeriodicalId":7054,"journal":{"name":"Accounting and Business Research","volume":"52 1","pages":"765 - 772"},"PeriodicalIF":1.7,"publicationDate":"2022-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43468362","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Modeling the filtration efficiency of a woven fabric: The role of multiple lengthscales.","authors":"Ioatzin Rios de Anda, Jake W Wilkins, Joshua F Robinson, C Patrick Royall, Richard P Sear","doi":"10.1063/5.0074229","DOIUrl":"10.1063/5.0074229","url":null,"abstract":"<p><p>During the COVID-19 pandemic, many millions have worn masks made of woven fabric to reduce the risk of transmission of COVID-19. Masks are essentially air filters worn on the face that should filter out as many of the dangerous particles as possible. Here, the dangerous particles are the droplets containing the virus that are exhaled by an infected person. Woven fabric is unlike the material used in standard air filters. Woven fabric consists of fibers twisted together into yarns that are then woven into fabric. There are, therefore, two lengthscales: the diameters of (i) the fiber and (ii) the yarn. Standard air filters have only (i). To understand how woven fabrics filter, we have used confocal microscopy to take three-dimensional images of woven fabric. We then used the image to perform lattice Boltzmann simulations of the air flow through fabric. With this flow field, we calculated the filtration efficiency for particles a micrometer and larger in diameter. In agreement with experimental measurements by others, we found that for particles in this size range, the filtration efficiency is low. For particles with a diameter of 1.5 <i>μ</i>m, our estimated efficiency is in the range 2.5%-10%. The low efficiency is due to most of the air flow being channeled through relatively large (tens of micrometers across) inter-yarn pores. So, we conclude that due to the hierarchical structure of woven fabrics, they are expected to filter poorly.</p>","PeriodicalId":7054,"journal":{"name":"Accounting and Business Research","volume":"50 1","pages":"033301"},"PeriodicalIF":4.1,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8939465/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91356848","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Exploring the association between financial and nonfinancial carbon-related incentives and carbon performance","authors":"Christian Ott, J. Endrikat","doi":"10.1080/00014788.2021.1993777","DOIUrl":"https://doi.org/10.1080/00014788.2021.1993777","url":null,"abstract":"Firms increasingly respond to pressures to reduce their carbon emissions by providing financial and nonfinancial carbon-related incentives that should align and extrinsically motivate individuals’ behaviour towards improved carbon performance. We explore whether and how the provision of carbon-related incentives is associated with carbon performance. We employ data on carbon-related incentives and carbon emissions that S&P 500 firms voluntarily disclose to the CDP. Correcting for sample-induced endogeneity and time-series dependencies, we find that financial carbon-related incentives are associated with superior carbon performance, while nonfinancial carbon-related incentives are not associated with carbon performance. Financial carbon-related incentives appear to extrinsically motivate managers and employees and channel their efforts towards improving carbon performance. However, nonfinancial carbon-related incentives do not appear to be effective. These differences may be explained by the fact that financial carbon-related incentives trigger different cognitive and motivational mechanisms (e.g. utility, expectancies) in individuals than nonfinancial carbon-related incentives.","PeriodicalId":7054,"journal":{"name":"Accounting and Business Research","volume":"53 1","pages":"271 - 304"},"PeriodicalIF":1.7,"publicationDate":"2022-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43496262","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Private firm accounting: the European reporting environment, data and research perspectives","authors":"C. Beuselinck, Ferdinand Elfers, Joachim Gassen, Jochen Pierk","doi":"10.1080/00014788.2021.1982670","DOIUrl":"https://doi.org/10.1080/00014788.2021.1982670","url":null,"abstract":"This study provides a guide to accounting research on private firms with an emphasis on the European setting. We start by providing an overview of private firm financial reporting regulation in Europe and indicate how this institutional framework can be used to identify promising research settings that in part generalise beyond the European setting. Next, we discuss the availability of private firm accounting data and the underlying data generating process that involves private firms’ original reports, governmental and private data aggregators, and commercial data providers. We show how this process generates insightful data, but at the same time causes complex sample selection issues that researchers should take into account when assessing prior findings and developing new research projects. Finally, we identify potential areas of future work by reviewing the extant literature along the three main motivations for conducting private firm work: (i) to learn more about private firms per se, (ii) to learn more about what distinguishes private firms from public firms, and (iii) to obtain insights from private firms that generalise across all firms.","PeriodicalId":7054,"journal":{"name":"Accounting and Business Research","volume":"53 1","pages":"38 - 82"},"PeriodicalIF":1.7,"publicationDate":"2021-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44876820","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}