Pub Date : 2024-03-30DOI: 10.24818/jamis.2024.01005
Dhouha Bouaziz, Anis Jarboui
Research Question: What is the impact of the CEO’s entrenchment on the financial communication quality in the French context? otivation: In fact, it is important to study the different characteristics of the CEO, which can facilitate the entrenchment and their effect on the quality of financial communication in the French context. Idea: The purpose of this paper is to investigate the impact of the CEO’s entrenchment on the financial communication quality examined by the discretionary accruals. Data: Our sample is made up of 335 companies listed on the CAC All Tradable index for the period from 2011 to 2020. However, we have excluded some financial companies due to their atypical behavior in financial reporting, firms with insufficient annual reports and firms with insufficient data about the CEO’s entrenchment. Therefore, the final number of firms used in this study was 151 over ten years, producing a total of 1510 firm-year observations. Tools: Our regressions will be estimated by the feasible generalized least squares (FGLS) method. Findings: Using the discretionary accruals, as a proxy for the earnings management, we obtained results from the Kothari et al. (2005) model, which indicates that there is a significant positive relationship between the CEO’s duality, ownership and the quality of financial communication, while there is no significant relationship between the CEO’s turnover and the financial communication quality. Contribution: This research is a contribution to the literature by demonstrating how the CEOs' entrenchment enables them to manipulate the accounting results to improve their financial situation.
{"title":"Does the CEO’s entrenchment affect the financial communication quality? Empirical evidence from France","authors":"Dhouha Bouaziz, Anis Jarboui","doi":"10.24818/jamis.2024.01005","DOIUrl":"https://doi.org/10.24818/jamis.2024.01005","url":null,"abstract":"Research Question: What is the impact of the CEO’s entrenchment on the financial communication quality in the French context? otivation: In fact, it is important to study the different characteristics of the CEO, which can facilitate the entrenchment and their effect on the quality of financial communication in the French context. Idea: The purpose of this paper is to investigate the impact of the CEO’s entrenchment on the financial communication quality examined by the discretionary accruals. Data: Our sample is made up of 335 companies listed on the CAC All Tradable index for the period from 2011 to 2020. However, we have excluded some financial companies due to their atypical behavior in financial reporting, firms with insufficient annual reports and firms with insufficient data about the CEO’s entrenchment. Therefore, the final number of firms used in this study was 151 over ten years, producing a total of 1510 firm-year observations. Tools: Our regressions will be estimated by the feasible generalized least squares (FGLS) method. Findings: Using the discretionary accruals, as a proxy for the earnings management, we obtained results from the Kothari et al. (2005) model, which indicates that there is a significant positive relationship between the CEO’s duality, ownership and the quality of financial communication, while there is no significant relationship between the CEO’s turnover and the financial communication quality. Contribution: This research is a contribution to the literature by demonstrating how the CEOs' entrenchment enables them to manipulate the accounting results to improve their financial situation.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"38 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140363487","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}
Pub Date : 2024-03-30DOI: 10.24818/jamis.2024.01003
Georgiana Burlacu, I. Robu
Research Question: To what extent earnings management operations are used by Romanian entities listed on a regulated market and what is the impact of these operations on the quality of reported financial information? Motivation: The financial statements reported by each entity are intended to provide useful information all the users, they are intended to describe clearly and honestly presents the financial position and performance and cash flows respectively. There are cases where, out of a desire to gain the trust of stakeholders (investors and other equity providers), some entities tend to commit manipulations in financial reporting using earnings management. Idea: The study aims to assess the extent to which the operations of earnings management are used by the Romanian entities listed on a regulated market and the impact of these operations on the quality assurance of the reported financial information. Data: This study was conducted based on the information collected from the annual financial statements of the entities that are listed on the Bucharest Stock Exchange, for the period between 2019-2021 Tools: The collected data were analyzed using the Jonse model based on the linear regression analysis. Findings: Using the Jones model based on the linear regression analysis, the results of the study indicate a distortion of the results presented by the analyzed companies, a solid reason being given by the negative effects of the Covid-19 pandemic with a strong impact on the economic environment. Contribution: This study provides an overview of the concept of earnings management based on information from the specialized literature. The analysis of earnings management practices was undertaken on the listed entities in Romania.
{"title":"Analysis of accruals earnings management using the Jones Model. The case of Romania listed companies","authors":"Georgiana Burlacu, I. Robu","doi":"10.24818/jamis.2024.01003","DOIUrl":"https://doi.org/10.24818/jamis.2024.01003","url":null,"abstract":"Research Question: To what extent earnings management operations are used by Romanian entities listed on a regulated market and what is the impact of these operations on the quality of reported financial information? Motivation: The financial statements reported by each entity are intended to provide useful information all the users, they are intended to describe clearly and honestly presents the financial position and performance and cash flows respectively. There are cases where, out of a desire to gain the trust of stakeholders (investors and other equity providers), some entities tend to commit manipulations in financial reporting using earnings management. Idea: The study aims to assess the extent to which the operations of earnings management are used by the Romanian entities listed on a regulated market and the impact of these operations on the quality assurance of the reported financial information. Data: This study was conducted based on the information collected from the annual financial statements of the entities that are listed on the Bucharest Stock Exchange, for the period between 2019-2021 Tools: The collected data were analyzed using the Jonse model based on the linear regression analysis. Findings: Using the Jones model based on the linear regression analysis, the results of the study indicate a distortion of the results presented by the analyzed companies, a solid reason being given by the negative effects of the Covid-19 pandemic with a strong impact on the economic environment. Contribution: This study provides an overview of the concept of earnings management based on information from the specialized literature. The analysis of earnings management practices was undertaken on the listed entities in Romania.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"3 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140362581","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}
Pub Date : 2024-03-30DOI: 10.24818/jamis.2024.01008
J. Imhanzenobe, Olusegun Vincent, Olalekan Aworinde
Research Question: Has IFRS adoption improved the value-relevance of financial statement figures in Nigeria? Motivation: The informativeness of the reported earnings, book values, and cash flows depends on the accounting standards used in preparing the financial statements. IFRS is a global set of accounting standards that tries to improve the relevance of accounting figures by recommending more realistic measurement and recognition criteria and increasing the level of disclosure of relevant information. Idea: The value relevance of accounting figures in predicting stock prices is widely acknowledged. However, this study tests whether IFRS adoption significantly improves this value-relevance by increasing the degree of correlation between accounting figures and stock prices in Nigeria. Data: The data were collected from the Bloomberg market data terminal and Datastream financial database. A sample of 85 listed companies was selected. The sample period was from 2007 to 2016. Tools: The study applied the Ohlson model (using fixed and random-effect models) along with the Driscoll-Kraay standard errors (DKSE) and Panel-corrected standard errors (PCSE) to anticipate autocorrelation, heteroscedasticity, and cross-sectional dependence biases. The Ohlson model was estimated separately for the pre- and post-IFRS adoption periods to detect changes in value relevance. The interactions of the IFRS dummy with earnings, book values, and cash flows were also estimated separately to detect the significance of IFRS interaction with the accounting figures. Findings: The results showed an overall increase in value-relevance by comparing adjusted R2s across the pre- and post-IFRS adoption period. Also, the interactions of IFRS with earnings, book value, and cash flows were all significant. Contribution: The study contributes to the existing literature by including cash flow in the value-relevance test in Nigeria and by applying estimation techniques that control for possible estimation biases. The authors recommend that investors pay more attention to these accounting figures under the IFRS regime when making investment decisions.
{"title":"IFRS adoption and the value-relevance of financial statements figures in Nigeria","authors":"J. Imhanzenobe, Olusegun Vincent, Olalekan Aworinde","doi":"10.24818/jamis.2024.01008","DOIUrl":"https://doi.org/10.24818/jamis.2024.01008","url":null,"abstract":"Research Question: Has IFRS adoption improved the value-relevance of financial statement figures in Nigeria? Motivation: The informativeness of the reported earnings, book values, and cash flows depends on the accounting standards used in preparing the financial statements. IFRS is a global set of accounting standards that tries to improve the relevance of accounting figures by recommending more realistic measurement and recognition criteria and increasing the level of disclosure of relevant information. Idea: The value relevance of accounting figures in predicting stock prices is widely acknowledged. However, this study tests whether IFRS adoption significantly improves this value-relevance by increasing the degree of correlation between accounting figures and stock prices in Nigeria. Data: The data were collected from the Bloomberg market data terminal and Datastream financial database. A sample of 85 listed companies was selected. The sample period was from 2007 to 2016. Tools: The study applied the Ohlson model (using fixed and random-effect models) along with the Driscoll-Kraay standard errors (DKSE) and Panel-corrected standard errors (PCSE) to anticipate autocorrelation, heteroscedasticity, and cross-sectional dependence biases. The Ohlson model was estimated separately for the pre- and post-IFRS adoption periods to detect changes in value relevance. The interactions of the IFRS dummy with earnings, book values, and cash flows were also estimated separately to detect the significance of IFRS interaction with the accounting figures. Findings: The results showed an overall increase in value-relevance by comparing adjusted R2s across the pre- and post-IFRS adoption period. Also, the interactions of IFRS with earnings, book value, and cash flows were all significant. Contribution: The study contributes to the existing literature by including cash flow in the value-relevance test in Nigeria and by applying estimation techniques that control for possible estimation biases. The authors recommend that investors pay more attention to these accounting figures under the IFRS regime when making investment decisions.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"9 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140362384","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}
Pub Date : 2024-03-30DOI: 10.24818/jamis.2024.01009
Rachael Modupe Gbadamosi, M. Alade
Research question: What are the effects of auditors’ characteristics on timeliness of financial reporting among listed family-owned firms in Nigeria? Motivation: Timely issuance of audited annual financial report is highly desirable to various stakeholders against top management insider trading on the accounting information of which family-owned listed firms is highly prone to involve. Idea: This study examined the effect of auditor’s characteristics on timeliness of listed family-owned firms in Nigeria. Specifically, the study investigated the extent at which auditor’s type; audit opinion; audit fee; auditor’s tenure; and joint audit affect timeliness of financial statements of listed family-owned businesses in Nigeria. Data: The data used and evaluated covered a period from 2012 to 2021, and were drawn from 47 listed family-owned firms in Nigeria. The secondary data were obtained from MachameRatio database. Tools: Both descriptive statistics and partial least square regression analyses were performed. Findings: The robust test performed revealed that Big-4 audit firms, audit opinion and audit tenure have positive effect, while audit fee and joint audit impound negative effect, on timeliness of financial statements of listed family-owned firms in Nigeria. However, the result is statistically significant for audit opinion, audit tenure and audit fee. Contribution: The implication of the findings is that audit opinion and audit tenure enhance timely issuance of the financial reports of listed family-owned firms in Nigeria. This study’s contributions to the body of knowledge include exploring the position of auditor’s features on timeliness of financial statements of listed family-owned firms in Nigeria which extant studies have scarcely investigated. The study recommended that listed family-owned firms in Nigeria should engage auditors for longer audit tenure among others.
{"title":"Auditors’ characteristics and timeliness of listed family-owned firms in Nigeria","authors":"Rachael Modupe Gbadamosi, M. Alade","doi":"10.24818/jamis.2024.01009","DOIUrl":"https://doi.org/10.24818/jamis.2024.01009","url":null,"abstract":"Research question: What are the effects of auditors’ characteristics on timeliness of financial reporting among listed family-owned firms in Nigeria? Motivation: Timely issuance of audited annual financial report is highly desirable to various stakeholders against top management insider trading on the accounting information of which family-owned listed firms is highly prone to involve. Idea: This study examined the effect of auditor’s characteristics on timeliness of listed family-owned firms in Nigeria. Specifically, the study investigated the extent at which auditor’s type; audit opinion; audit fee; auditor’s tenure; and joint audit affect timeliness of financial statements of listed family-owned businesses in Nigeria. Data: The data used and evaluated covered a period from 2012 to 2021, and were drawn from 47 listed family-owned firms in Nigeria. The secondary data were obtained from MachameRatio database. Tools: Both descriptive statistics and partial least square regression analyses were performed. Findings: The robust test performed revealed that Big-4 audit firms, audit opinion and audit tenure have positive effect, while audit fee and joint audit impound negative effect, on timeliness of financial statements of listed family-owned firms in Nigeria. However, the result is statistically significant for audit opinion, audit tenure and audit fee. Contribution: The implication of the findings is that audit opinion and audit tenure enhance timely issuance of the financial reports of listed family-owned firms in Nigeria. This study’s contributions to the body of knowledge include exploring the position of auditor’s features on timeliness of financial statements of listed family-owned firms in Nigeria which extant studies have scarcely investigated. The study recommended that listed family-owned firms in Nigeria should engage auditors for longer audit tenure among others.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"56 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140363791","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}
Pub Date : 2024-03-30DOI: 10.24818/jamis.2024.01011
Iuliana-Mădălina Petrică Papuc, Chirata Caraiani, C. I. Lungu, Liana Anica-Popa
Motivation: The relationship between ESG factors and sustainability is a widely debated topic in the literature, but to our knowledge, there is a gap concerning the investigation of links between groups formed with ESG and other sustainability concepts, such as corporate social responsibility (CSR), green economy, circular economy, digitalization, technology, industry 4.0, and industry 5.0. Idea: The objective of this study is to identify the interest of researchers, their visibility, as well as the trends among publications, regarding the ESG factors in relation to other concepts within the realm of sustainability, like CSR, green economy, circular economy, digitalization, technology, industry 4.0, and industry 5.0. Data: The selected sample for the research includes 1430 papers screened from the Web of Science database. Tools: The aim of this study is achieved by conducting a bibliometric analysis, using VOSviewer and PowerBI. Findings: The findings of this study include the interconnectivity of selected concepts, the co-occurrence of authors’ keywords, the number of publications over time, as well as the paper types, the publishing activity by journal, the most productive authors, the co-authorship, their affiliation, the papers’ length, references, and citations trend, the most cited papers, the publishing activity by country and the collaboration patterns between countries. Contribution: This analysis supports the identification of potential gaps in current ESG-related research and points toward new areas of investigation. It also contributes to the advancement of ESG research and to the achievement of sustainable development goals.
动机：ESG因素与可持续发展之间的关系是文献中广泛讨论的一个话题，但据我们所知，在研究ESG与其他可持续发展概念（如企业社会责任（CSR）、绿色经济、循环经济、数字化、技术、工业4.0和工业5.0）所形成的群体之间的联系方面还存在空白。理念：本研究的目的是确定研究人员对 ESG 因素与可持续发展领域的其他概念（如企业社会责任、绿色经济、循环经济、数字化、技术、工业 4.0 和工业 5.0）之间关系的兴趣、知名度以及出版物的发展趋势。数据：所选研究样本包括从 Web of Science 数据库中筛选出的 1430 篇论文。工具：通过使用 VOSviewer 和 PowerBI 进行文献计量分析来实现本研究的目的。研究结果：本研究的结果包括：所选概念的相互关联性、作者关键词的共同出现率、一段时间内的论文数量以及论文类型、按期刊划分的出版活动、最有成果的作者、合著者、其所属单位、论文长度、参考文献和引用趋势、被引用次数最多的论文、按国家划分的出版活动以及国家间的合作模式。贡献：本分析有助于确定当前环境、社会和治理相关研究中的潜在差距，并指出新的研究领域。它还有助于推动环境、社会和治理研究，实现可持续发展目标。
{"title":"The interconnectivity of ESG research within the realm of sustainability: A bibliometric analysis","authors":"Iuliana-Mădălina Petrică Papuc, Chirata Caraiani, C. I. Lungu, Liana Anica-Popa","doi":"10.24818/jamis.2024.01011","DOIUrl":"https://doi.org/10.24818/jamis.2024.01011","url":null,"abstract":"Motivation: The relationship between ESG factors and sustainability is a widely debated topic in the literature, but to our knowledge, there is a gap concerning the investigation of links between groups formed with ESG and other sustainability concepts, such as corporate social responsibility (CSR), green economy, circular economy, digitalization, technology, industry 4.0, and industry 5.0. Idea: The objective of this study is to identify the interest of researchers, their visibility, as well as the trends among publications, regarding the ESG factors in relation to other concepts within the realm of sustainability, like CSR, green economy, circular economy, digitalization, technology, industry 4.0, and industry 5.0. Data: The selected sample for the research includes 1430 papers screened from the Web of Science database. Tools: The aim of this study is achieved by conducting a bibliometric analysis, using VOSviewer and PowerBI. Findings: The findings of this study include the interconnectivity of selected concepts, the co-occurrence of authors’ keywords, the number of publications over time, as well as the paper types, the publishing activity by journal, the most productive authors, the co-authorship, their affiliation, the papers’ length, references, and citations trend, the most cited papers, the publishing activity by country and the collaboration patterns between countries. Contribution: This analysis supports the identification of potential gaps in current ESG-related research and points toward new areas of investigation. It also contributes to the advancement of ESG research and to the achievement of sustainable development goals.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"32 16","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140362221","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}
Pub Date : 2024-03-30DOI: 10.24818/jamis.2024.01006
S. Babatunde
Research Question: How does the IPSAS application affect Accountability and government effectiveness in Nigeria? Motivation: Inadequate disclosure of public account information has made a mess of public resources management regarding accountability and government effectiveness, necessitating rational actions for minimising cover-up of unethical practices in government. This study employs Tawiah (2022); Schmidthuber et al. (2022) to tailor IPSAS and governance concepts. It creates unique constructs of voters' turnout rates to measure government effectiveness and buttress Accountability. Idea: This study examines governance status based on public support through the voters' election turnout. It anchors the research variables on the institutional and theoretical framework of IPSAS and public responses to government effectiveness Data: It analyses 1999 to 2020, a 22-year-time series data covering before and after the IPSAS application; obtained from the World Bank Development Indicators data bank and the National Assembly Federal Republic of Nigeria resources. Tools: It uses descriptive, ordinary least square regression, correlation statistical, and econometric analyses. Findings: During IPSAS application period, Accountability improves while government effectiveness declines. Whereas, during GAAP period, Government accountability progresses while Presidential and House of Representatives elections negatively influence the government's effectiveness. Hence, the Voters' turnout dwindled. Contributions: A unique methodology involving voters, political parties, officeholders, foreign direct investors and gross domestic products in studying government financial reporting standards. Combination of two regimes of GAAP and IPSAS to demonstrate deeper analyses of accounting standards and public performance evaluation. Evidences that the hidden economic problems associated with resource misallocation are aggravated during the IPSAS period.
{"title":"The role of IPSAS application in meeting voters yearnings","authors":"S. Babatunde","doi":"10.24818/jamis.2024.01006","DOIUrl":"https://doi.org/10.24818/jamis.2024.01006","url":null,"abstract":"Research Question: How does the IPSAS application affect Accountability and government effectiveness in Nigeria? Motivation: Inadequate disclosure of public account information has made a mess of public resources management regarding accountability and government effectiveness, necessitating rational actions for minimising cover-up of unethical practices in government. This study employs Tawiah (2022); Schmidthuber et al. (2022) to tailor IPSAS and governance concepts. It creates unique constructs of voters' turnout rates to measure government effectiveness and buttress Accountability. Idea: This study examines governance status based on public support through the voters' election turnout. It anchors the research variables on the institutional and theoretical framework of IPSAS and public responses to government effectiveness Data: It analyses 1999 to 2020, a 22-year-time series data covering before and after the IPSAS application; obtained from the World Bank Development Indicators data bank and the National Assembly Federal Republic of Nigeria resources. Tools: It uses descriptive, ordinary least square regression, correlation statistical, and econometric analyses. Findings: During IPSAS application period, Accountability improves while government effectiveness declines. Whereas, during GAAP period, Government accountability progresses while Presidential and House of Representatives elections negatively influence the government's effectiveness. Hence, the Voters' turnout dwindled. Contributions: A unique methodology involving voters, political parties, officeholders, foreign direct investors and gross domestic products in studying government financial reporting standards. Combination of two regimes of GAAP and IPSAS to demonstrate deeper analyses of accounting standards and public performance evaluation. Evidences that the hidden economic problems associated with resource misallocation are aggravated during the IPSAS period.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"29 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140361439","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}
Pub Date : 2024-03-30DOI: 10.24818/jamis.2024.01007
Christianna Chimonaki, Stelios P. Papadakis, Christos Lemonakis
Research Question: Does Gender Diversity positively or negatively affect the non-financial information on ESG? Motivation: This research explores the connection between ESG and the synthesis of the Board of Directors. More explicitly, we explore if the board's Gender Diversity improves non-financial information on ESG. Also, the effect of board gender diversity on ESG is under investigation as the findings in the current literature about the synthesis of board gender diversity are mixed. Considering this gap, this research tries to understand if Gender Diversity positively or negatively affects the non-financial information on ESG. Idea: This research article aims to study the relationship between gender diversity on board and European companies' environmental, social, and governance (ESG) ratings. It also examines the potential impact of European Directive 2014/95/EU, which re-quires disclosure of non-financial information, on this relationship. Data: The investigation used the dataset of 5,380 observations from 20 European countries from 2013 to 2022. Tools: The association between the ESG ratings and control variables was examined using regression analysis. Findings: The investigation results confirm a statistically significant impact between gender diversity and ESG performance ratings. The findings confirm conclusions drawn in other research studies. The adoption and enforcement of EU Directive 2014/95/EU had a remarkable and positive impact on European firms' ESG policies, as shown by statistical significance in several regression models. Gender diversity on company boards positively impacted all ESG models except the Governance Pillar Score. The investigation shows the importance of board synthesis, gender diversity, and additional variables concerning ESG reporting practices. Contribution: This research explores the connection between ESG and the synthesis of the Board of Directors. More explicitly, we explore if the board's Gender Diversity improves non-financial information on ESG. Also, the effect of board gender diversity on ESG is under investigation as the findings in the current literature about the synthe-sis of board gender diversity are mixed. Considering this gap, this research tries to understand if Gender Diversity positively or negatively affects the non-financial in-formation on ESG.
{"title":"Environmental, social, governance and gender diversity under the adoption of European Di-rective 2014/95/EU","authors":"Christianna Chimonaki, Stelios P. Papadakis, Christos Lemonakis","doi":"10.24818/jamis.2024.01007","DOIUrl":"https://doi.org/10.24818/jamis.2024.01007","url":null,"abstract":"Research Question: Does Gender Diversity positively or negatively affect the non-financial information on ESG? Motivation: This research explores the connection between ESG and the synthesis of the Board of Directors. More explicitly, we explore if the board's Gender Diversity improves non-financial information on ESG. Also, the effect of board gender diversity on ESG is under investigation as the findings in the current literature about the synthesis of board gender diversity are mixed. Considering this gap, this research tries to understand if Gender Diversity positively or negatively affects the non-financial information on ESG. Idea: This research article aims to study the relationship between gender diversity on board and European companies' environmental, social, and governance (ESG) ratings. It also examines the potential impact of European Directive 2014/95/EU, which re-quires disclosure of non-financial information, on this relationship. Data: The investigation used the dataset of 5,380 observations from 20 European countries from 2013 to 2022. Tools: The association between the ESG ratings and control variables was examined using regression analysis. Findings: The investigation results confirm a statistically significant impact between gender diversity and ESG performance ratings. The findings confirm conclusions drawn in other research studies. The adoption and enforcement of EU Directive 2014/95/EU had a remarkable and positive impact on European firms' ESG policies, as shown by statistical significance in several regression models. Gender diversity on company boards positively impacted all ESG models except the Governance Pillar Score. The investigation shows the importance of board synthesis, gender diversity, and additional variables concerning ESG reporting practices. Contribution: This research explores the connection between ESG and the synthesis of the Board of Directors. More explicitly, we explore if the board's Gender Diversity improves non-financial information on ESG. Also, the effect of board gender diversity on ESG is under investigation as the findings in the current literature about the synthe-sis of board gender diversity are mixed. Considering this gap, this research tries to understand if Gender Diversity positively or negatively affects the non-financial in-formation on ESG.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"51 44","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140362932","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}
Pub Date : 2024-03-30DOI: 10.24818/jamis.2024.01002
Olfa Ben Salah
Research Question: Can a bidirectional link be established between earnings management and tax avoidance? Motivation: The relationship between tax avoidance and earnings management has been a subject of significant scholarly interest, yet it remains inconclusive and context-dependent. Idea: This study seeks to examine the bidirectional causality between tax avoidance and earnings management. Data: The author selected companies listed on the European STOXX 600 index for the period from 2010 to 2022. Tools: To test the research hypothesis, the author employs the Granger causality procedure on panel data and applies a dynamic panel using the Generalized Method of Moments (GMM) approach. Findings: The results of our study indicate a bidirectional causal relationship between tax avoidance and earnings management in the European context. Contribution: Our research contributes to the existing literature by shedding light on the nuanced relationship between tax avoidance and earnings management in the European context, offering insights that can inform corporate financial strategies and regulatory frameworks.
{"title":"Analyzing the causal relationship between tax avoidance and earnings management: Evidence from the STOXX Europe 600 Index","authors":"Olfa Ben Salah","doi":"10.24818/jamis.2024.01002","DOIUrl":"https://doi.org/10.24818/jamis.2024.01002","url":null,"abstract":"Research Question: Can a bidirectional link be established between earnings management and tax avoidance? Motivation: The relationship between tax avoidance and earnings management has been a subject of significant scholarly interest, yet it remains inconclusive and context-dependent. Idea: This study seeks to examine the bidirectional causality between tax avoidance and earnings management. Data: The author selected companies listed on the European STOXX 600 index for the period from 2010 to 2022. Tools: To test the research hypothesis, the author employs the Granger causality procedure on panel data and applies a dynamic panel using the Generalized Method of Moments (GMM) approach. Findings: The results of our study indicate a bidirectional causal relationship between tax avoidance and earnings management in the European context. Contribution: Our research contributes to the existing literature by shedding light on the nuanced relationship between tax avoidance and earnings management in the European context, offering insights that can inform corporate financial strategies and regulatory frameworks.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"24 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140362171","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}
Pub Date : 2024-03-30DOI: 10.24818/jamis.2024.01010
Bojan Malchev, Atanasko Atanasovski, Marina Trpeska
Research Question: How does intellectual capital, measured by the Value Added Intellectual Coefficient (VAIC) and its components, influence the financial performance of banks in North Macedonia? Motivation: In the evolving landscape of the banking sector, understanding the impact of intellectual capital on financial performance is crucial. This study builds upon existing research (Appuhami, 2007; Ozkan et al., 2017; Joshi et al., 2013) to explore this relationship in the specific context of North Macedonia. It addresses the research gap by using the VAIC model to quantify intellectual capital and examines its effect on Return on Assets (ROA) and Return on Equity (ROE). Idea: The research employs linear regression models to analyze the effect of intellectual capital, as measured by VAIC and its components, on the financial performance indicators ROA and ROE in Macedonian banks. Data: The study analyzes a decade of data (2012-2021) from ten Macedonian banks, using the VAIC model to measure intellectual capital. Tools: The study utilizes linear regression analyses with the Statistical Package for the Social Sciences (SPSS) to examine the relationship between intellectual capital and financial performance. Findings: The study finds a significant and positive impact of VAIC and its components on both ROA and ROE. These results underscore the importance of intellectual capital in enhancing financial performance in the banking sector. Notably, the study reveals a high average VAIC value among Macedonian banks, indicating their substantial intellectual capability. Contribution: This research adds to the literature by elucidating the relationship between intellectual capital, measured through VAIC, and financial performance in the banking sector of North Macedonia.
{"title":"Intellectual capital: A key driver of financial performance in the Macedonian banking industry","authors":"Bojan Malchev, Atanasko Atanasovski, Marina Trpeska","doi":"10.24818/jamis.2024.01010","DOIUrl":"https://doi.org/10.24818/jamis.2024.01010","url":null,"abstract":"Research Question: How does intellectual capital, measured by the Value Added Intellectual Coefficient (VAIC) and its components, influence the financial performance of banks in North Macedonia? Motivation: In the evolving landscape of the banking sector, understanding the impact of intellectual capital on financial performance is crucial. This study builds upon existing research (Appuhami, 2007; Ozkan et al., 2017; Joshi et al., 2013) to explore this relationship in the specific context of North Macedonia. It addresses the research gap by using the VAIC model to quantify intellectual capital and examines its effect on Return on Assets (ROA) and Return on Equity (ROE). Idea: The research employs linear regression models to analyze the effect of intellectual capital, as measured by VAIC and its components, on the financial performance indicators ROA and ROE in Macedonian banks. Data: The study analyzes a decade of data (2012-2021) from ten Macedonian banks, using the VAIC model to measure intellectual capital. Tools: The study utilizes linear regression analyses with the Statistical Package for the Social Sciences (SPSS) to examine the relationship between intellectual capital and financial performance. Findings: The study finds a significant and positive impact of VAIC and its components on both ROA and ROE. These results underscore the importance of intellectual capital in enhancing financial performance in the banking sector. Notably, the study reveals a high average VAIC value among Macedonian banks, indicating their substantial intellectual capability. Contribution: This research adds to the literature by elucidating the relationship between intellectual capital, measured through VAIC, and financial performance in the banking sector of North Macedonia.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140361418","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}
Pub Date : 2024-03-30DOI: 10.24818/jamis.2024.01004
Mohamed S. El-Deeb, Y. T. Halim, Ahmed F. Elbayoumi
Research Questions: In what ways does the corporate governance scorecard (CGSC) and internet reporting intersect with audit quality? To what extent do technological advancement and auditor qualifications moderate the association between internet reporting, corporate governance (CGSC), and audit quality? In what capacity does audit quality mediate the association between internet reporting and the corporate governance scorecard (CGSC)? Motivation: The rationale for conducting this study is to fill a known void in the academic literature concerning corporate governance in developing nations, with Egypt serving as an example. Idea: The main idea of our study is to understand the impact of CGSC-measured corporate governance on internet reporting of financial and non-financial information. Our study also seeks to determine whether audit quality acts as a mediator and whether auditor qualifications and technological advancement moderate this relationship. Data: Using a questionnaire, 258 auditors from various auditing firms, including the Big4 and national audit firms with international affiliation, data were collected. Tools: Factor analysis, Pearson correlation, and Structure Equation Modelling. Findings: Corporate governance assessed by CGSC improves the Internet reporting through the mediation of audit quality, with auditor qualifications and technological advancement serving as moderators. Contribution: This study contributes to the scholarly comprehension of the association that exist among CGSC, audit quality, and internet reporting. Implications for utilizing CGSC as a metric for evaluating corporate governance practices and its influence on online reporting are both theoretical and practical in nature. The investigation contributes valuable perspectives that can guide decision-making in practical and theoretical settings, thereby enhancing the academic discourse.
{"title":"CGSC, audit quality, and Internet reporting: The mediation and moderation analysis","authors":"Mohamed S. El-Deeb, Y. T. Halim, Ahmed F. Elbayoumi","doi":"10.24818/jamis.2024.01004","DOIUrl":"https://doi.org/10.24818/jamis.2024.01004","url":null,"abstract":"Research Questions: In what ways does the corporate governance scorecard (CGSC) and internet reporting intersect with audit quality? To what extent do technological advancement and auditor qualifications moderate the association between internet reporting, corporate governance (CGSC), and audit quality? In what capacity does audit quality mediate the association between internet reporting and the corporate governance scorecard (CGSC)? Motivation: The rationale for conducting this study is to fill a known void in the academic literature concerning corporate governance in developing nations, with Egypt serving as an example. Idea: The main idea of our study is to understand the impact of CGSC-measured corporate governance on internet reporting of financial and non-financial information. Our study also seeks to determine whether audit quality acts as a mediator and whether auditor qualifications and technological advancement moderate this relationship. Data: Using a questionnaire, 258 auditors from various auditing firms, including the Big4 and national audit firms with international affiliation, data were collected. Tools: Factor analysis, Pearson correlation, and Structure Equation Modelling. Findings: Corporate governance assessed by CGSC improves the Internet reporting through the mediation of audit quality, with auditor qualifications and technological advancement serving as moderators. Contribution: This study contributes to the scholarly comprehension of the association that exist among CGSC, audit quality, and internet reporting. Implications for utilizing CGSC as a metric for evaluating corporate governance practices and its influence on online reporting are both theoretical and practical in nature. The investigation contributes valuable perspectives that can guide decision-making in practical and theoretical settings, thereby enhancing the academic discourse.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"39 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140364046","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}
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