资本化开发成本与未来现金流：首席执行官过度自信和董事会性别多样性的影响

IF 5.5 3区管理学 Q1 BUSINESS, FINANCE

British Accounting Review Pub Date : 2024-06-17 DOI:10.1016/j.bar.2024.101426

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引用次数: 0

摘要

国际会计准则第 38 号》规定的开发成本资本化是一个重要的会计问题，它向会计信息使用者传达了有关未来经济效益的信号。利用英国公司的纵向样本，首先，我们研究了首席执行官过度自信水平对开发成本资本化与以现金流为代表的未来经济效益之间关联的不利影响。其次，我们研究了董事会性别多样性对这种关联的调节作用。我们发现，对于首席执行官过度自信程度较高的公司来说，资本化开发成本与未来现金流之间的关联虽然是正向的，但却明显较弱，这意味着资本化的信号效应被削弱了。此外，我们的研究结果表明，董事会的性别多样性能显著缓和与高过度自信水平相关的管理偏差，有助于恢复会计的中立性和未来经济效益的信号强度。

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Capitalised development costs and future cash flows: The effect of CEO overconfidence and board gender diversity

Capitalisation of development costs mandated under IAS 38 is an important accounting issue conveying a signal to users of accounting information regarding future economic benefits. Using a longitudinal sample of UK firms, firstly, we examine the adverse effect of CEO overconfidence levels on the association between capitalised development costs and future economic benefits, proxied by cash flows. Secondly, we examine the moderating influence of board gender diversity on this association. We find that the association between capitalised development costs and future cash flows, while positive, is significantly weaker for firms with higher levels of CEO overconfidence, implying that the signalling effect of capitalisation is diluted. Moreover, our results show that board gender diversity significantly moderates the managerial bias associated with high overconfidence levels, helping to restore the neutrality of accounting and the strength of signalling with regards to future economic benefits.

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来源期刊

British Accounting Review BUSINESS, FINANCE-

CiteScore

8.60

自引率

3.90%

发文量

审稿时长

76 days

期刊介绍： The British Accounting Review*is pleased to publish original scholarly papers across the whole spectrum of accounting and finance. The journal is eclectic and pluralistic and contributions are welcomed across a wide range of research methodologies (e.g. analytical, archival, experimental, survey and qualitative case methods) and topics (e.g. financial accounting, management accounting, finance and financial management, auditing, public sector accounting, social and environmental accounting; accounting education and accounting history), evidence from UK and non-UK sources are equally acceptable.