Showing papers in "Journal of Accounting, Auditing & Finance in 2021"
TL;DR: In this paper, the key characteristics and consequences of organizations providing better and more information to stakeholders were examined using a sample of over 14,000 industry-diverse nonprofit organizations.
Abstract: Using a sample of over 14,000 industry-diverse nonprofit organizations, this study documents the key characteristics and consequences of organizations providing better and more information to stake...
40 citations
TL;DR: In this article, the authors examine how external auditors respond to tax risk in firms' tax planning activities, and propose a tax risk-aware external auditing framework. But they focus their attention on the riskiness of firms' planning activities.
Abstract: Both practitioners and academics are increasingly focusing their attention on the riskiness of firms’ tax planning activities. In this study, we examine how external auditors respond to tax risk, m...
15 citations
TL;DR: In this paper, the authors examine the informativeness and credibility of independent directors' stated resignation reasons and posit that having access to private information, directors may resign in anticipation of weak...
Abstract: We examine the informativeness and credibility of independent directors’ stated resignation reasons. We posit that having access to private information, directors may resign in anticipation of weak...
11 citations
TL;DR: The authors examined the effect of strategic deviation on the relative amount of firm-specific information incorporated into stock prices, measured by stock return synchronicity, and found that strategic deviation is correlated with the amount of information incorporated in stock prices.
Abstract: We examine the effect of strategic deviation on the relative amount of firm-specific information incorporated into stock prices, measured by stock return synchronicity. Strategic deviation is conce...
11 citations
TL;DR: This article examined the relation between CEO pay components and aggressive non-GAAP earnings disclosures using CEO pay component as proxies for managers' short- versus long-term focus and found that they are correlated.
Abstract: We examine the relation between CEO pay components and aggressive non-GAAP earnings disclosures using CEO pay components as proxies for managers’ short- versus long-term focus. Specifically, we exp...
11 citations
TL;DR: In this article, the authors examine whether the media has an indirect corporate governance effect on financial reporting quality (FRQ) that operates through auditors, which occurs because greater media coverage can magnify
Abstract: We examine whether the media has an indirect corporate governance effect on financial reporting quality (FRQ) that operates through auditors This occurs because greater media coverage can magnify
10 citations
TL;DR: This paper used consensus forecasts from the Philadelphia Fed's Survey of Professional Forecasters (SOPF) to find the link between stock returns and news about economic growth and found that the univariate associati...
Abstract: What is the link between stock returns and news about economic growth? Using consensus forecasts from the Philadelphia Fed’s Survey of Professional Forecasters, I find that the univariate associati...
9 citations
TL;DR: In this article, the importance of leadership in the context of the internal audit function (IAF) is examined and the influence of the CAE's leadership in enabling the performance of the IAF is investigated.
Abstract: This article examines the importance of leadership in the context of the internal audit function (IAF). We investigate the influence of the Chief Audit Executive’s (CAE) leadership in enabling the ...
9 citations
TL;DR: The authors empirically tested the implications of five theories on the importance of gender in the C-suite, employing two different settings, and examined the impact of gender of the Chi...
Abstract: This study empirically tests the implications of five theories on the importance of gender in the C-suite, employing two different settings. Specifically, we examine the impact of gender of the Chi...
9 citations
TL;DR: In this article, the authors investigate the effects of culture on the design of M&A contracts and empirically analyze how the acquirer's cultural background influences the co-authors' cultural background.
Abstract: This study investigates the effects of culture on the design of merger and acquisition (M&A) contracts. Specifically, we empirically analyze how the acquirer’s cultural background influences the co...
8 citations
TL;DR: In this article, the authors examined whether managemenemenemen... examined whether managers' earnings are useful for bond market investors and that beating earnings benchmarks is related to a firm's lower cost of debt.
Abstract: Prior studies have indicated that earnings are useful for bond market investors and that beating earnings benchmarks is related to a firm’s lower cost of debt. This study examines whether managemen...
TL;DR: In this article, a project-level measure of disclosure quality is proposed to investigate the impact of accounting information quality on investment efficiency, which is different from studies that use rough proxies for aggregate information quality.
Abstract: Different from studies that use rough proxies for aggregate accounting information quality to investigate its impact on investment efficiency, we construct a project-level measure of disclosures pe...
TL;DR: In this paper, the authors investigate the reasons for the growing demand for Islamic banking internationally, and examine the relative economic performance of Islamic banks compared with conventional banks in managing financial transactions.
Abstract: We investigate the reasons for the growing demand for Islamic banking internationally, and examine the relative economic performance of Islamic banks compared with conventional banks in managing th...
TL;DR: Wang et al. as mentioned in this paper evaluated the effect of returnee directors on corporate tax avoidance by using data on publicly listed Chinese companies from 2000 to 2012 and found that returnee shareholders grow up in China and then move to the US.
Abstract: This study evaluates the effect of returnee directors on corporate tax avoidance by using data on publicly listed Chinese companies from 2000 to 2012. Returnee directors grow up in China and then s...
TL;DR: Cryptocurrency and blockchain technology are disruptive innovations at the vanguard of a new wave of the digital revolution as discussed by the authors, with far-reaching appeal, global reach, unprecedented mobility of capit...
Abstract: Cryptocurrencies and blockchain technology are disruptive innovations at the vanguard of a new wave of the digital revolution. The far-reaching appeal, global reach, unprecedented mobility of capit...
TL;DR: In this paper, detailed financial forecasts provided by entrepreneurs who seek funds via equity-based crowdfunding on a leading U.K. platform are investigated. But the authors focus on what forecast signals in...
Abstract: In this article, we study detailed financial forecasts provided by entrepreneurs who seek funds via equity-based crowdfunding on a leading U.K. platform. We investigate (a) what forecast signals in...
TL;DR: In this article, the extent and effectiveness of risk governance improvements in banks after the financial crisis of 2007/2008 was investigated using a sample of 30 pairs of matched banks that were threedimensional.
Abstract: This article investigates the extent and the effectiveness of risk governance improvements in banks after the financial crisis of 2007/2008. Using a sample of 30 pairs of matched banks that were th...
TL;DR: Extensible Business Reporting Language (XBRL) as discussed by the authors is intended to make analysis easier and faster by enhancing the exchange of financial information by making it more efficient and more understandable.
Abstract: Extensible Business Reporting Language (XBRL) is intended to make analysis easier and faster by enhancing the exchange of financial information. Such benefits from this global reporting standard wo...
TL;DR: This paper investigated whether board-interlocked firms via an audit committee (AC) board member exhibit correlated non-audit service (NAS) purchases, and whether financial reporting quality and future firm...
Abstract: We investigate whether board-interlocked firms via an audit committee (AC) board member exhibit correlated non-audit service (NAS) purchases, and whether financial reporting quality and future firm...
TL;DR: In this paper, the authors examine factors affecting the value-relevance of financial and non-financial disclosure in the context of the long contentious International Financial Reporting Standard 6 (IFRS 6).
Abstract: This study examines factors affecting the value-relevance of financial and nonfinancial disclosure in the context of the long contentious International Financial Reporting Standard 6 (IFRS 6). Rela...
TL;DR: Tax haven leaks have attracted negative public attention in recent years, prompting scrutiny of corporate behavior in leaked jurisdictions as mentioned in this paper, including U.S. companies with subsidiaries in tax haven countries.
Abstract: Tax haven leaks have attracted negative public attention in recent years, prompting scrutiny of corporate behavior in leaked jurisdictions. We investigate whether U.S. companies with subsidiaries i...
TL;DR: In this article, the authors argue that stock return-based performance metrics are common in CEO compensation contracts in the United States, but similar CEO pay arrangements may not be appropriate in India given higher stock return.
Abstract: Although stock return-based performance metrics are common in CEO compensation contracts in the United States, similar CEO pay arrangements may not be appropriate in India given higher stock return...
TL;DR: The authors examined the relation between accounting conservatism and firms' capital structure adjustments and found that firms with more conservative financial reporting adjust their capital structu cation more quickly than firms with less conservative reporting.
Abstract: This study examines the relation between accounting conservatism and firms’ capital structure adjustments. We find that firms with more conservative financial reporting adjust their capital structu...
TL;DR: In this article, the use of peers for investment decisions and compensation practices and the recent reports which suggest that firms use peer information for audit pricing are discussed. But, they do not consider the impact of peer information on audit pricing.
Abstract: Drawing on prior studies regarding the use of peers for investment decisions and compensation practices and the recent reports which suggest that firms use peer information for audit pricing, we ex...
TL;DR: In this paper, the authors investigate whether a firm's market power within its product market affects management sales forecast behavior, and examine the relation between market power and management sales forecasting behavior.
Abstract: We investigate whether a firm’s market power within its product market affects management sales forecast behavior. Our examination of the relation between market power and management sales forecast...
TL;DR: In this paper, the authors examine what type of auditor a family business group can use to audit its member firms and examine the types of auditors employed by the family business groups.
Abstract: Family business groups (FBGs) typically control several member firms and can hire a single auditor or multiple auditors to audit their member firms. This article examines what type of auditor appoi...
TL;DR: Theoretical propositions suggest that mandatory and voluntary disclosures are related as discussed by the authors, and empirical studies focusing on this relationship provide mixed evidence as they found that mandatory disclosure is correlated with voluntary disclosure.
Abstract: Theoretical propositions suggest that mandatory and voluntary disclosures are related. Empirical studies focusing on this relationship provide mixed evidence as they found that mandatory and volunt...
TL;DR: In this article, the authors investigated the link between board members' past professional experiences and the terms and conditions of the debt contracts of their current firms, and examined whether board members had similar professional experiences.
Abstract: This article investigates the link between board members’ past professional experiences and the terms and conditions of the debt contracts of their current firms. In particular, we examine whether ...
TL;DR: In this paper, the authors examine the role of tournamability in corporate social responsibility (CSR) performance and propose a management incentive for engaging and excelling in CSR performance.
Abstract: Management incentives for engaging and excelling in corporate social responsibility (CSR) performance is an important theme as business sustainability gains momentum. We examine the role of tournam...
TL;DR: In a recent paper, Hui, Matsunaga, and Morse as mentioned in this paper argued that managers may prefer using accounting conservatism instead of issuing management earnings forecasts (MFs) that may reduce information as...
Abstract: In a recent paper, Hui, Matsunaga, and Morse have argued that managers may prefer using accounting conservatism instead of issuing management earnings forecasts (MFs) that may reduce information as...