Pub Date : 2024-03-30DOI: 10.24818/jamis.2024.01001
Costel Istrate
Research Question: What are the effects of the evolutions in tax and financial reporting regulations on the book-tax relationship in the case of Romanian listed companies; is the de jure trend towards a disconnection confirmed, and what findings can be made from a de facto analysis based on the effective tax rate (ETR)? Motivation: Istrate (2011) applied the grid proposed by Lamb et al. (1998) and found that, in 2020, the de jure trend was clearly towards a book-tax disconnection. My intention is to replicate this analysis for 2021 and to add some other variables that could characterize the period, in order to assess the 2021 de jure and de facto (dis)connection. Idea: Mandatory introduction of IFRS for some listed companies, adaptation of the Romanian accounting rules to the European directive 34/2013, modification of the tax rules, in particular as a result of European efforts to fight tax avoidance, unprecedented situations such as the covid-19 crisis were just as many reasons for companies to adapt their tax and financial reporting behaviours, which makes the more interesting the analysis of the book-tax relationship. Data: For the application of the analysis grid proposed by Lamb et. al (1998) and developed later by other authors, I have analysed the accounting and financial reporting regulations, in parallel with the treatments provided by the Romanian tax law. For the de facto analysis attempt, I analysed more than 3,800 observations about the Romanian companies listed on Bucharest Stock Exchange for the period 2000-2021. Tools: The assessment of the book-tax relationship was done by applying the Lamb et al. (1998) model, with the six possible cases: from total identity, to total disconnection. My analysis takes into account 40 key elements. In the case of de facto analysis, I calculated an ETR as the ratio between the current tax expense to profit before taxes. Findings and contributions: The study proposes a de jure analysis that confirms the evolution towards almost total disconnection between accounting and tax rules, especially for companies applying IFRS. The de facto analysis allows us to observe that ETR significantly different from the statutory tax rates (STR) – which confirms the disconnection between accounting and taxation. So, for the Romania listed companies, in general, the book-tax disconnection explains and justifies the differences between the ETR and the STR; in this case, the ETR is not really the best proxy for the tax avoidance, as many studies in the literature proposed.
{"title":"Accounting and taxation in Romania: from connection to disconnection?","authors":"Costel Istrate","doi":"10.24818/jamis.2024.01001","DOIUrl":"https://doi.org/10.24818/jamis.2024.01001","url":null,"abstract":"Research Question: What are the effects of the evolutions in tax and financial reporting regulations on the book-tax relationship in the case of Romanian listed companies; is the de jure trend towards a disconnection confirmed, and what findings can be made from a de facto analysis based on the effective tax rate (ETR)? Motivation: Istrate (2011) applied the grid proposed by Lamb et al. (1998) and found that, in 2020, the de jure trend was clearly towards a book-tax disconnection. My intention is to replicate this analysis for 2021 and to add some other variables that could characterize the period, in order to assess the 2021 de jure and de facto (dis)connection. Idea: Mandatory introduction of IFRS for some listed companies, adaptation of the Romanian accounting rules to the European directive 34/2013, modification of the tax rules, in particular as a result of European efforts to fight tax avoidance, unprecedented situations such as the covid-19 crisis were just as many reasons for companies to adapt their tax and financial reporting behaviours, which makes the more interesting the analysis of the book-tax relationship. Data: For the application of the analysis grid proposed by Lamb et. al (1998) and developed later by other authors, I have analysed the accounting and financial reporting regulations, in parallel with the treatments provided by the Romanian tax law. For the de facto analysis attempt, I analysed more than 3,800 observations about the Romanian companies listed on Bucharest Stock Exchange for the period 2000-2021. Tools: The assessment of the book-tax relationship was done by applying the Lamb et al. (1998) model, with the six possible cases: from total identity, to total disconnection. My analysis takes into account 40 key elements. In the case of de facto analysis, I calculated an ETR as the ratio between the current tax expense to profit before taxes. Findings and contributions: The study proposes a de jure analysis that confirms the evolution towards almost total disconnection between accounting and tax rules, especially for companies applying IFRS. The de facto analysis allows us to observe that ETR significantly different from the statutory tax rates (STR) – which confirms the disconnection between accounting and taxation. So, for the Romania listed companies, in general, the book-tax disconnection explains and justifies the differences between the ETR and the STR; in this case, the ETR is not really the best proxy for the tax avoidance, as many studies in the literature proposed.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"69 18","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140364566","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 : 2023-12-30DOI: 10.24818/jamis.2023.04006
Deshani C. Hettiarachchi
{"title":"Effects of non-financial performance management and risk disclosures on not-for-profit financial vulnerability: Evidence from the Australian aged care not-for-profit sector","authors":"Deshani C. Hettiarachchi","doi":"10.24818/jamis.2023.04006","DOIUrl":"https://doi.org/10.24818/jamis.2023.04006","url":null,"abstract":"","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":" 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139140988","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 : 2023-12-30DOI: 10.24818/jamis.2023.04001
A. Dasilas, Goran Karanovic
{"title":"The impact of internet finance on bank profitability. Evidence from the Chinese commercial banks","authors":"A. Dasilas, Goran Karanovic","doi":"10.24818/jamis.2023.04001","DOIUrl":"https://doi.org/10.24818/jamis.2023.04001","url":null,"abstract":"","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":" 40","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139137265","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 : 2023-12-30DOI: 10.24818/jamis.2023.04005
Daesung Ha
{"title":"Information technology capability and firm performance: A longitudinal study","authors":"Daesung Ha","doi":"10.24818/jamis.2023.04005","DOIUrl":"https://doi.org/10.24818/jamis.2023.04005","url":null,"abstract":"","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":" 39","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139137513","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 : 2023-12-30DOI: 10.24818/jamis.2023.04008
Yen Nee Teo, Kun Hing Yong
{"title":"A reverse-engineered pitch on the scorching truth: Investigating the impact of heatwaves on Selangor’s elderly hospitalizations","authors":"Yen Nee Teo, Kun Hing Yong","doi":"10.24818/jamis.2023.04008","DOIUrl":"https://doi.org/10.24818/jamis.2023.04008","url":null,"abstract":"","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":" 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139141901","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 : 2023-12-30DOI: 10.24818/jamis.2023.04003
Helmi Hentati, Neila Boulila Taktak
{"title":"Unlocking technological capabilities to boost the performance of accounting firms","authors":"Helmi Hentati, Neila Boulila Taktak","doi":"10.24818/jamis.2023.04003","DOIUrl":"https://doi.org/10.24818/jamis.2023.04003","url":null,"abstract":"","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":" 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139141721","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 : 2023-12-30DOI: 10.24818/jamis.2023.04004
Adrian Isip
{"title":"Emphasizing the rising importance of digital technologies for delivery of accounting services","authors":"Adrian Isip","doi":"10.24818/jamis.2023.04004","DOIUrl":"https://doi.org/10.24818/jamis.2023.04004","url":null,"abstract":"","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":" 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139138876","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 : 2023-12-30DOI: 10.24818/jamis.2023.04007
Elizabeth Yong, Kun Hing Yong
{"title":"A reverse-engineered pitch on defensive versus evidence-based medical technology: Liability risk and electronic fetal monitoring in low-risk births","authors":"Elizabeth Yong, Kun Hing Yong","doi":"10.24818/jamis.2023.04007","DOIUrl":"https://doi.org/10.24818/jamis.2023.04007","url":null,"abstract":"","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":" 20","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139139905","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 : 2023-09-30DOI: 10.24818/jamis.2023.03007
Azzouz Elhamma
Research Question: Does Covid-19 crisis moderate significantly the relationship between mandatory International Financial Reporting Standards (IFRS) adoption and economic growth in developing countries, especially in the MENA (Middle East and North Africa) region and SSA (Sub-Saharan Africa) countries? Motivation: Two sources of motivation are behind this study. First, research works on the impact of mandatory IFRS adoption on macroeconomic indicators such as economic growth are still scarce. Second, studying the impact of mandatory IFRS adoption on economic growth before and during the Covid-19 crisis allows to better understand this relationship in times of crisis. Idea: This article aims to investigate the moderating role of Covid-19 crisis in the relationship between mandatory IFRS adoption and economic growth in developing countries. Tools: The study was conducted based on panel data from 30 developing countries (15 MENA countries and 15 SSA countries) during the period 2017–2020. Collected data were analysed by using the Generalized Least Squares (EGLS/weighted cross-section) with fixed effect estimation technique. Findings: The main results of the study show that mandatory IFRS adoption has a positive impact on economic growth of the full sample, and that this positive impact is reduced during Covid-19 crisis. Contribution: The study results are very useful to policymakers and regulators in developing countries, especially in crisis periods.
{"title":"Impact of mandatory IFRS adoption on economic growth: the moderating role of Covid-19 crisis in developing countries","authors":"Azzouz Elhamma","doi":"10.24818/jamis.2023.03007","DOIUrl":"https://doi.org/10.24818/jamis.2023.03007","url":null,"abstract":"Research Question: Does Covid-19 crisis moderate significantly the relationship between mandatory International Financial Reporting Standards (IFRS) adoption and economic growth in developing countries, especially in the MENA (Middle East and North Africa) region and SSA (Sub-Saharan Africa) countries? Motivation: Two sources of motivation are behind this study. First, research works on the impact of mandatory IFRS adoption on macroeconomic indicators such as economic growth are still scarce. Second, studying the impact of mandatory IFRS adoption on economic growth before and during the Covid-19 crisis allows to better understand this relationship in times of crisis. Idea: This article aims to investigate the moderating role of Covid-19 crisis in the relationship between mandatory IFRS adoption and economic growth in developing countries. Tools: The study was conducted based on panel data from 30 developing countries (15 MENA countries and 15 SSA countries) during the period 2017–2020. Collected data were analysed by using the Generalized Least Squares (EGLS/weighted cross-section) with fixed effect estimation technique. Findings: The main results of the study show that mandatory IFRS adoption has a positive impact on economic growth of the full sample, and that this positive impact is reduced during Covid-19 crisis. Contribution: The study results are very useful to policymakers and regulators in developing countries, especially in crisis periods.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135032580","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 : 2023-09-30DOI: 10.24818/jamis.2023.03005
Lukas Timbate, Dereje Asrat
Research Question: How do firms behave after significantly missing or exceeding analysts’ earnings estimates in terms of managing earnings and avoiding taxes? Motivation: Prior research provides strong evidence suggesting that managers are motivated to perform at or above analysts' expectations and steer earnings higher to prevent unpleasant earnings surprises. Prior studies have also documented that firms are likely to manage their earnings when they are close to meeting or missing analysts’ expectations. However, little is known about how firms behave after either substantially missing or beating analyst earnings estimates. Idea: This study provides evidence on firms’ earnings management and tax avoidance activities subsequent to the year in which firms substantially fail or succeed meeting analysts’ earnings consensus forecasts. Data: The data were collected from a sample of South Korean firms listed on the Korean Composite Stock Price Index for the years between 2013 and 2020. Tools: Multiple panel data regressions and robustness tests were conducted. Propensity score matching is also used to minimize endogeneity related problems. Findings: Firms are more likely to manage their earnings upward subsequent to significantly missing analysts’ expectations. However, their tendency to avoid taxes is lower. Contribution: Little has been explored on how firms significantly missing analysts’ expectations could behave in the subsequent period. The findings reported in this study have important implications for regulators, investors, and auditors. This research is also different from most prior related studies in terms of its setting.
{"title":"Corporate financial reporting and taxes: How important is prior performance?","authors":"Lukas Timbate, Dereje Asrat","doi":"10.24818/jamis.2023.03005","DOIUrl":"https://doi.org/10.24818/jamis.2023.03005","url":null,"abstract":"Research Question: How do firms behave after significantly missing or exceeding analysts’ earnings estimates in terms of managing earnings and avoiding taxes? Motivation: Prior research provides strong evidence suggesting that managers are motivated to perform at or above analysts' expectations and steer earnings higher to prevent unpleasant earnings surprises. Prior studies have also documented that firms are likely to manage their earnings when they are close to meeting or missing analysts’ expectations. However, little is known about how firms behave after either substantially missing or beating analyst earnings estimates. Idea: This study provides evidence on firms’ earnings management and tax avoidance activities subsequent to the year in which firms substantially fail or succeed meeting analysts’ earnings consensus forecasts. Data: The data were collected from a sample of South Korean firms listed on the Korean Composite Stock Price Index for the years between 2013 and 2020. Tools: Multiple panel data regressions and robustness tests were conducted. Propensity score matching is also used to minimize endogeneity related problems. Findings: Firms are more likely to manage their earnings upward subsequent to significantly missing analysts’ expectations. However, their tendency to avoid taxes is lower. Contribution: Little has been explored on how firms significantly missing analysts’ expectations could behave in the subsequent period. The findings reported in this study have important implications for regulators, investors, and auditors. This research is also different from most prior related studies in terms of its setting.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136345681","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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