首页 > 最新文献

China Journal of Accounting Research最新文献

英文 中文
IF 4 Q2 BUSINESS, FINANCE
China Journal of Accounting Research
Pub Date : 2025-01-01
{"title":"","authors":"","doi":"","DOIUrl":"","url":null,"abstract":"","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 2","pages":"Article 100416"},"PeriodicalIF":4.0,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146410386","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}
引用次数: 0
IF 4 Q2 BUSINESS, FINANCE
China Journal of Accounting Research
Pub Date : 2025-01-01
{"title":"","authors":"","doi":"","DOIUrl":"","url":null,"abstract":"","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 1","pages":"Article 100404"},"PeriodicalIF":4.0,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147142483","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}
引用次数: 0
IF 4 Q2 BUSINESS, FINANCE
China Journal of Accounting Research
Pub Date : 2025-01-01
{"title":"","authors":"","doi":"","DOIUrl":"","url":null,"abstract":"","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"18 1","pages":"Article 100403"},"PeriodicalIF":4.0,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147142485","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}
引用次数: 0
Coping strategy of independent directors for job-fulfillment risk under different ownership types and enforced legal environments 不同所有权类型和强制法律环境下独立董事的履职风险应对策略
IF 1.9 Q2 BUSINESS, FINANCE
China Journal of Accounting Research
Pub Date : 2024-10-10 DOI: 10.1016/j.cjar.2024.100392
Yu Xin , Ying Xin , Xinyi Huang , Liping Xu
Ownership type, legal system evolution and their interaction significantly affect the incentives and behaviors of independent directors. We use the 2019 Securities Law revision as an exogenous shock to examine how state-owned enterprises (SOEs) versus non-SOEs and their independent directors respond to variations in regulatory compliance risk. Following the revision, SOEs are more likely to purchase directors’ and officers’ liability insurance to provide job security for independent directors. Non-SOEs are more likely to compensate for independent directors’ fulfillment risk by increasing salaries and their independent directors are more likely to resign to avoid litigation risk. The coping strategies for SOEs, non-SOEs and independent directors are dynamic under different compliance risk stages and are affected by firm-level and director-level characteristics.
所有制类型、法律制度演变及其相互作用会显著影响独立董事的激励和行为。我们利用 2019 年《证券法》修订作为外生冲击，考察国有企业（SOE）与非国有企业（Non-SOE）及其独立董事如何应对监管合规风险的变化。修订后，国有企业更有可能购买董事和高管责任保险，为独立董事提供工作保障。非国有企业更倾向于通过提高薪酬来补偿独立董事的履职风险，而其独立董事则更倾向于辞职以规避诉讼风险。在不同的合规风险阶段，国有企业、非国有企业和独立董事的应对策略是动态的，并受到企业层面和董事层面特征的影响。
{"title":"Coping strategy of independent directors for job-fulfillment risk under different ownership types and enforced legal environments","authors":"Yu Xin ,&nbsp;Ying Xin ,&nbsp;Xinyi Huang ,&nbsp;Liping Xu","doi":"10.1016/j.cjar.2024.100392","DOIUrl":"10.1016/j.cjar.2024.100392","url":null,"abstract":"<div><div>Ownership type, legal system evolution and their interaction significantly affect the incentives and behaviors of independent directors. We use the 2019 <em>Securities Law</em> revision as an exogenous shock to examine how state-owned enterprises (SOEs) versus non-SOEs and their independent directors respond to variations in regulatory compliance risk. Following the revision, SOEs are more likely to purchase directors’ and officers’ liability insurance to provide job security for independent directors. Non-SOEs are more likely to compensate for independent directors’ fulfillment risk by increasing salaries and their independent directors are more likely to resign to avoid litigation risk. The coping strategies for SOEs, non-SOEs and independent directors are dynamic under different compliance risk stages and are affected by firm-level and director-level characteristics.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"17 4","pages":"Article 100392"},"PeriodicalIF":1.9,"publicationDate":"2024-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142532909","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How does digital transformation affect corporate accounting employees? 数字化转型如何影响企业会计员工？
IF 1.9 Q2 BUSINESS, FINANCE
China Journal of Accounting Research
Pub Date : 2024-09-28 DOI: 10.1016/j.cjar.2024.100391
Yunsen Chen, Chen Lu, Zhe Li
The rapid pace of digitalization has given rise to concerns about its influence on job roles. Our findings reveal a substitution effect on accounting employees. This effect is more evident in private firms, firms with higher levels of digital transformation in their accounting departments, firms in the information technology industry, firms with overconfident managers and firms with a higher-level network infrastructure. Digitalization also has a positive effect on technically skilled and highly educated employees, leading to a decline in the proportion of entry-level employees. We also document that digitalization contributes to more efficient labor investment. Our study therefore offers insights into how digital transformation can change the labor market for accounting employees.
数字化的迅猛发展引发了人们对其对工作角色影响的担忧。我们的研究结果表明，数字化对会计员工产生了替代效应。这种效应在私营企业、会计部门数字化转型水平较高的企业、信息技术行业的企业、管理者过于自信的企业以及网络基础设施水平较高的企业中更为明显。数字化还对技术熟练和受过高等教育的员工产生了积极影响，导致入门级员工比例下降。我们还发现，数字化有助于提高劳动力投资的效率。因此，我们的研究为数字化转型如何改变会计从业人员的劳动力市场提供了启示。
{"title":"How does digital transformation affect corporate accounting employees?","authors":"Yunsen Chen,&nbsp;Chen Lu,&nbsp;Zhe Li","doi":"10.1016/j.cjar.2024.100391","DOIUrl":"10.1016/j.cjar.2024.100391","url":null,"abstract":"<div><div>The rapid pace of digitalization has given rise to concerns about its influence on job roles. Our findings reveal a substitution effect on accounting employees. This effect is more evident in private firms, firms with higher levels of digital transformation in their accounting departments, firms in the information technology industry, firms with overconfident managers and firms with a higher-level network infrastructure. Digitalization also has a positive effect on technically skilled and highly educated employees, leading to a decline in the proportion of entry-level employees. We also document that digitalization contributes to more efficient labor investment. Our study therefore offers insights into how digital transformation can change the labor market for accounting employees.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"17 4","pages":"Article 100391"},"PeriodicalIF":1.9,"publicationDate":"2024-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142532910","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
ESG performance and cost of debt 环境、社会和公司治理绩效与债务成本
IF 1.9 Q2 BUSINESS, FINANCE
China Journal of Accounting Research
Pub Date : 2024-09-21 DOI: 10.1016/j.cjar.2024.100390
Yongdong Shi , Shijie Zheng , Pengsong Xiao , Hongxian Zhen , Tong Wu
We analyze China Securities Index Co., Ltd. (CSI) environmental, social and governance (ESG) scoring data, which incorporate Chinese characteristics, to assess the impact of ESG performance on corporate debt financing costs. Our findings indicate that better CSI ESG scores are correlated with lower debt financing costs. Additionally, improvements in local environmental execution enhance the effect of CSI ESG scores on debt financing costs. However, this effect diminishes with increased internal control quality and marketization. Governance has the greatest impact on reducing debt financing costs, followed by social and environmental factors. Superior CSI ESG scores reduce corporate debt financing costs by enhancing debt repayment capacity and reducing information asymmetry. Economic consequence analysis confirms that lower financing costs, driven by improved ESG performance, significantly enhance total factor productivity and firm value. CSI ESG scores also significantly impact bank loans but not corporate bond financing.
我们分析了中证指数有限公司（CSI）的环境、社会和治理（ESG）评分数据。(中证指数有限公司（CSI）的环境、社会和治理（ESG）评分数据，评估 ESG 表现对企业债务融资成本的影响。我们的研究结果表明，CSI 环境、社会和治理得分越高，债务融资成本越低。此外，地方环境执行力的提高也会增强 CSI ESG 分数对债务融资成本的影响。然而，随着内部控制质量和市场化程度的提高，这种影响会逐渐减弱。治理对降低债务融资成本的影响最大，其次是社会和环境因素。CSI ESG 分数越高，债务偿还能力越强，信息不对称程度越低，从而降低企业债务融资成本。经济后果分析证实，ESG 表现的改善会降低融资成本，从而显著提高全要素生产率和企业价值。CSI ESG 分数对银行贷款也有显著影响，但对公司债券融资没有影响。
{"title":"ESG performance and cost of debt","authors":"Yongdong Shi ,&nbsp;Shijie Zheng ,&nbsp;Pengsong Xiao ,&nbsp;Hongxian Zhen ,&nbsp;Tong Wu","doi":"10.1016/j.cjar.2024.100390","DOIUrl":"10.1016/j.cjar.2024.100390","url":null,"abstract":"<div><div>We analyze China Securities Index Co., Ltd. (CSI) environmental, social and governance (ESG) scoring data, which incorporate Chinese characteristics, to assess the impact of ESG performance on corporate debt financing costs. Our findings indicate that better CSI ESG scores are correlated with lower debt financing costs. Additionally, improvements in local environmental execution enhance the effect of CSI ESG scores on debt financing costs. However, this effect diminishes with increased internal control quality and marketization. Governance has the greatest impact on reducing debt financing costs, followed by social and environmental factors. Superior CSI ESG scores reduce corporate debt financing costs by enhancing debt repayment capacity and reducing information asymmetry. Economic consequence analysis confirms that lower financing costs, driven by improved ESG performance, significantly enhance total factor productivity and firm value. CSI ESG scores also significantly impact bank loans but not corporate bond financing.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"17 4","pages":"Article 100390"},"PeriodicalIF":1.9,"publicationDate":"2024-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142532814","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Personal data security and stock crash risk: Evidence from China’s Cybersecurity Law 个人数据安全与股灾风险：来自中国《网络安全法》的证据
IF 1.9 Q2 BUSINESS, FINANCE
China Journal of Accounting Research
Pub Date : 2024-09-18 DOI: 10.1016/j.cjar.2024.100393
Ziwei Song
Using China’s Cybersecurity Law (CSL) as an exogenous shock, I examine how personal data security affects stock crash risk. I find that the stock crash risk of treatment firms (which collect personal data) significantly decreases after the CSL, and such decrease is larger when firms face greater personal data breach risk and have less transparent information environments before the CSL. Furthermore, treatment firms increase their investment in personal data protection after the CSL. Finally, enhanced personal data security increases firm value and promotes firms’ social responsibility to stakeholders. Overall, I provide evidence of the importance of data security for the digital economy from the perspective of capital market stability, which may present implications for data security policy worldwide.
我以中国的《网络安全法》（CSL）作为外生冲击，研究了个人数据安全如何影响股灾风险。我发现，在 CSL 实施后，处理企业（收集个人数据的企业）的股价暴跌风险明显下降，而且当企业在 CSL 实施前面临更大的个人数据泄露风险且信息环境透明度较低时，这种下降幅度更大。此外，实施 CSL 后，受影响企业会增加对个人数据保护的投资。最后，加强个人数据安全可提高企业价值，促进企业对利益相关者承担社会责任。总之，我从资本市场稳定性的角度提供了数据安全对数字经济重要性的证据，这可能会对全球的数据安全政策产生影响。
{"title":"Personal data security and stock crash risk: Evidence from China’s Cybersecurity Law","authors":"Ziwei Song","doi":"10.1016/j.cjar.2024.100393","DOIUrl":"10.1016/j.cjar.2024.100393","url":null,"abstract":"<div><div>Using China’s Cybersecurity Law (CSL) as an exogenous shock, I examine how personal data security affects stock crash risk. I find that the stock crash risk of treatment firms (which collect personal data) significantly decreases after the CSL, and such decrease is larger when firms face greater personal data breach risk and have less transparent information environments before the CSL. Furthermore, treatment firms increase their investment in personal data protection after the CSL. Finally, enhanced personal data security increases firm value and promotes firms’ social responsibility to stakeholders. Overall, I provide evidence of the importance of data security for the digital economy from the perspective of capital market stability, which may present implications for data security policy worldwide.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"17 4","pages":"Article 100393"},"PeriodicalIF":1.9,"publicationDate":"2024-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142532905","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Economic policy uncertainty and firms’ investments in venture capital funds: Evidence from China 经济政策的不确定性与企业对风险投资基金的投资：来自中国的证据
IF 1.9 Q2 BUSINESS, FINANCE
China Journal of Accounting Research
Pub Date : 2024-09-16 DOI: 10.1016/j.cjar.2024.100389
Liangyong Wan , Xin Sui , Jing Rao , Lai Deng
The latest business practice in the Chinese venture capital (VC) market involves the active participation of non-financial firms, as limited partners, in VC funds. Exploiting a unique hand-collected dataset from China, we find that economic policy uncertainty is positively related to the propensity of firms to participate in VC funds. Cross-sectional tests show that the positive effect of policy uncertainty on the likelihood of participating in VC funds is enhanced by industrial growth opportunities. Furthermore, economic consequence tests show that participating in VC funds is conducive to improving investment efficiency, increasing innovation performance and promoting product diversification. This study advances our understanding of firms’ investment decisions and the VC industry development amid economic policy uncertainty.
中国风险投资（VC）市场的最新商业实践是，非金融企业作为有限合伙人积极参与风险投资基金。利用手工收集的中国独特数据集，我们发现经济政策的不确定性与企业参与风险投资基金的倾向正相关。横截面检验表明，产业增长机会增强了政策不确定性对参与风险投资基金可能性的积极影响。此外，经济后果检验表明，参与风险投资基金有利于提高投资效率、增加创新绩效和促进产品多样化。本研究加深了我们对经济政策不确定性下企业投资决策和风险投资行业发展的理解。
{"title":"Economic policy uncertainty and firms’ investments in venture capital funds: Evidence from China","authors":"Liangyong Wan ,&nbsp;Xin Sui ,&nbsp;Jing Rao ,&nbsp;Lai Deng","doi":"10.1016/j.cjar.2024.100389","DOIUrl":"10.1016/j.cjar.2024.100389","url":null,"abstract":"<div><div>The latest business practice in the Chinese venture capital (VC) market involves the active participation of non-financial firms, as limited partners, in VC funds. Exploiting a unique hand-collected dataset from China, we find that economic policy uncertainty is positively related to the propensity of firms to participate in VC funds. Cross-sectional tests show that the positive effect of policy uncertainty on the likelihood of participating in VC funds is enhanced by industrial growth opportunities. Furthermore, economic consequence tests show that participating in VC funds is conducive to improving investment efficiency, increasing innovation performance and promoting product diversification. This study advances our understanding of firms’ investment decisions and the VC industry development amid economic policy uncertainty.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"17 4","pages":"Article 100389"},"PeriodicalIF":1.9,"publicationDate":"2024-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142532815","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Industrial internet technology, resource reallocation and corporate risk-taking capacity: Evidence from the strategic management perspective 工业互联网技术、资源重新分配和企业风险承担能力：来自战略管理视角的证据
IF 1.9 Q2 BUSINESS, FINANCE
China Journal of Accounting Research
Pub Date : 2024-08-17 DOI: 10.1016/j.cjar.2024.100387
Lili Hui , Huobao Xie
By employing machine learning techniques and the Word2Vec model, we quantify the micro-level implementation of Industrial Internet technology in Chinese manufacturing firms from 2010 to 2022. This provides empirical evidence for understanding how the Industrial Internet technology enhances corporate risk-taking capability. Our study shows that adopting this technology increases risk-taking capacity, mainly through resource reallocation. The information layer empowers improvements in organizational structure, the platform layer optimizes labor resources, and the edge/software layers facilitate the integration of supply chain resources. The effect is more pronounced in firms that are technology- and labor-intensive, particularly in environments of high economic policy uncertainty. In conclusion, the Industrial Internet boosts total factor productivity by fostering increased risk-taking.
通过采用机器学习技术和 Word2Vec 模型，我们量化了 2010 年至 2022 年中国制造业企业在微观层面实施工业互联网技术的情况。这为理解工业互联网技术如何增强企业风险承担能力提供了实证证据。我们的研究表明，采用该技术主要通过资源重新配置提高了企业的风险承担能力。信息层促进了组织结构的改善，平台层优化了劳动力资源，边缘/软件层促进了供应链资源的整合。这种效应在技术和劳动密集型企业中更为明显，尤其是在经济政策不确定性较高的环境中。总之，工业互联网通过促进风险承担的增加来提高全要素生产率。
{"title":"Industrial internet technology, resource reallocation and corporate risk-taking capacity: Evidence from the strategic management perspective","authors":"Lili Hui ,&nbsp;Huobao Xie","doi":"10.1016/j.cjar.2024.100387","DOIUrl":"10.1016/j.cjar.2024.100387","url":null,"abstract":"<div><div>By employing machine learning techniques and the Word2Vec model, we quantify the micro-level implementation of Industrial Internet technology in Chinese manufacturing firms from 2010 to 2022. This provides empirical evidence for understanding how the Industrial Internet technology enhances corporate risk-taking capability. Our study shows that adopting this technology increases risk-taking capacity, mainly through resource reallocation. The information layer empowers improvements in organizational structure, the platform layer optimizes labor resources, and the edge/software layers facilitate the integration of supply chain resources. The effect is more pronounced in firms that are technology- and labor-intensive, particularly in environments of high economic policy uncertainty. In conclusion, the Industrial Internet boosts total factor productivity by fostering increased risk-taking.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"17 4","pages":"Article 100387"},"PeriodicalIF":1.9,"publicationDate":"2024-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142532908","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Voluntary resignation of independent directors and auditor responses: Empirical evidence from Chinese A-share listed firms 独立董事的自愿辞职与审计师的回应：来自中国 A 股上市公司的经验证据
IF 1.9 Q2 BUSINESS, FINANCE
China Journal of Accounting Research
Pub Date : 2024-08-14 DOI: 10.1016/j.cjar.2024.100386
Dongling Li , Yuhong Li , Fei Guo
We examine auditor responses to the voluntary resignation of independent directors. We show that auditors respond by increasing audit fees or rescinding engagement with their clients, but not by increasing their audit effort. Mechanism tests reveal that independent directors’ voluntary resignation leads to increased regulatory sanctions and negative media coverage, these relationships are more pronounced after the New Securities Law. Auditor response strategies follow an order of priority: at an acceptable level of perceived risk, auditors increase audit fees; when perceived risk exceeds this level, auditors will discontinue the client relationship. Auditors associate greater risk with firms that have (vs. have not) experienced consecutive voluntary resignations by independent directors. Mandatory resignation has no such effect.
我们研究了审计师对独立董事自愿辞职的反应。我们发现，审计师会通过增加审计费用或解除与客户的合作关系来应对，但不会通过增加审计工作来应对。机制测试表明，独立董事的自愿辞职会导致监管制裁和媒体负面报道的增加，这些关系在新《证券法》颁布后更为明显。审计师的应对策略遵循优先顺序：在可接受的感知风险水平上，审计师会增加审计费用；当感知风险超过这一水平时，审计师会中断客户关系。审计师认为，有过（与没有）独立董事连续自愿辞职经历的公司风险更大。强制辞职则没有这种影响。
{"title":"Voluntary resignation of independent directors and auditor responses: Empirical evidence from Chinese A-share listed firms","authors":"Dongling Li ,&nbsp;Yuhong Li ,&nbsp;Fei Guo","doi":"10.1016/j.cjar.2024.100386","DOIUrl":"10.1016/j.cjar.2024.100386","url":null,"abstract":"<div><div>We examine auditor responses to the voluntary resignation of independent directors. We show that auditors respond by increasing audit fees or rescinding engagement with their clients, but not by increasing their audit effort. Mechanism tests reveal that independent directors’ voluntary resignation leads to increased regulatory sanctions and negative media coverage, these relationships are more pronounced after the New Securities Law. Auditor response strategies follow an order of priority: at an acceptable level of perceived risk, auditors increase audit fees; when perceived risk exceeds this level, auditors will discontinue the client relationship. Auditors associate greater risk with firms that have (vs. have not) experienced consecutive voluntary resignations by independent directors. Mandatory resignation has no such effect.</div></div>","PeriodicalId":45688,"journal":{"name":"China Journal of Accounting Research","volume":"17 4","pages":"Article 100386"},"PeriodicalIF":1.9,"publicationDate":"2024-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142532907","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
首页 上一页
类型
全部 化学•材料 生命科学 医学 物理 工程技术 环境•农林 材料科学 地球科学 法学 管理学 化学 环境科学与生态学 计算机科学 教育学 经济学 农林科学 人文科学 生物学 数学 物理与天体物理 心理学 综合性期刊 其他 工业工程 理学 历史学 农学 文学 信息工程
数据库
全部 ACS Publications Elsevier ieeexplore Springer The Royal Society of Chemistry Wiley
期刊
China Journal of Accounting Research
全部 Acc. Chem. Res. ACS Applied Bio Materials ACS Appl. Electron. Mater. ACS Appl. Energy Mater. ACS Appl. Mater. Interfaces ACS Appl. Nano Mater. ACS Appl. Polym. Mater. ACS BIOMATER-SCI ENG ACS Catal. ACS Cent. Sci. ACS Chem. Biol. ACS Chemical Health & Safety ACS Chem. Neurosci. ACS Comb. Sci. ACS Earth Space Chem. ACS Energy Lett. ACS Infect. Dis. ACS Macro Lett. ACS Mater. Lett. ACS Med. Chem. Lett. ACS Nano ACS Omega ACS Photonics ACS Sens. ACS Sustainable Chem. Eng. ACS Synth. Biol. Anal. Chem. BIOCHEMISTRY-US Bioconjugate Chem. BIOMACROMOLECULES Chem. Res. Toxicol. Chem. Rev. Chem. Mater. CRYST GROWTH DES ENERG FUEL Environ. Sci. Technol. Environ. Sci. Technol. Lett. Eur. J. Inorg. Chem. IND ENG CHEM RES Inorg. Chem. J. Agric. Food. Chem. J. Chem. Eng. Data J. Chem. Educ. J. Chem. Inf. Model. J. Chem. Theory Comput. J. Med. Chem. J. Nat. Prod. J PROTEOME RES J. Am. Chem. Soc. LANGMUIR MACROMOLECULES Mol. Pharmaceutics Nano Lett. Org. Lett. ORG PROCESS RES DEV ORGANOMETALLICS J. Org. Chem. J. Phys. Chem. J. Phys. Chem. A J. Phys. Chem. B J. Phys. Chem. C J. Phys. Chem. Lett. Analyst Anal. Methods Biomater. Sci. Catal. Sci. Technol. Chem. Commun. Chem. Soc. Rev. CHEM EDUC RES PRACT CRYSTENGCOMM Dalton Trans. Energy Environ. Sci. ENVIRON SCI-NANO ENVIRON SCI-PROC IMP ENVIRON SCI-WAT RES Faraday Discuss. Food Funct. Green Chem. Inorg. Chem. Front. Integr. Biol. J. Anal. At. Spectrom. J. Mater. Chem. A J. Mater. Chem. B J. Mater. Chem. C Lab Chip Mater. Chem. Front. Mater. Horiz. MEDCHEMCOMM Metallomics Mol. Biosyst. Mol. Syst. Des. Eng. Nanoscale Nanoscale Horiz. Nat. Prod. Rep. New J. Chem. Org. Biomol. Chem. Org. Chem. Front. PHOTOCH PHOTOBIO SCI PCCP Polym. Chem.
﹀
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号：604180095
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们：info@booksci.cn
Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1