Journal of Applied Accounting Research最新文献

Greenhouse gas assurance and carbon emission performance in light of the auditor’s reputation and the country’s development level 根据审计机构的声誉和国家发展水平确定温室气体保证和碳排放绩效

IF 3 Q1 BUSINESS, FINANCE

Journal of Applied Accounting Research

Pub Date : 2024-09-19 DOI: 10.1108/jaar-04-2023-0096

Radwan Alkebsee, Ghassan H. Mardini, Jamel Azibi, Andreas G. Koutoupis, Leonidas G. Davidopoulos

Purpose

The objective of this study is to determine the impact of GHG assurance on firms’ carbon emissions performance (CEP) regarding curbing carbon emissions and the effect on such by the GHG assurance provider’s affiliation and reputation. It also explores whether the affiliation and reputation of GHG assurance providers imply the relationship between GHG assurance and the firm’s CEP. Further, this study examines the moderating effect of the country’s development level on the relationship.

Design/methodology/approach

Based on a sample of international firms from 56 countries spanning the period from 2012 to 2020, this study utilizes the ordinary least squares (OLS) regression. We also run the OLS regression at times t+1 and t+2 to verify the baseline results. To address the endogeneity concerns arising from self-selection bias and the causality effect, this study applies the generalized method of moment (GMM) and the Heckman test.

Findings

This study finds that GHG assurance leads to better CEP by firms. We also find that engaging with accounting assurance providers leads firms to a better CEP than non-accounting assurance providers. Our results show that Big Four auditors can help firms decrease carbon emissions. We also find that the positive effect of GHG assurance is prevalent in firms operating in developed countries.

Research limitations/implications

Our study only considers the influence of the assuror’s reputation and affiliation on CEP without examining other factors that may influence the quality of assurance services provided.

Practical implications

Our study provides a practical implication related to the influence of a GHG assurance provider’s affiliation and reputation globally by providing evidence that accounting and Big Four assurance providers do play a significant role in a firm’s carbon emission performance. This study offers great insights into the GHG assurance impact on CEP with the interplay between the assuror’s affiliation and reputation and the country’s development.

Originality/value

This paper enriches the limit evidence on GHG assurance and CEP by providing novel evidence on the relationship between GHG assurance and a firm’s CEP. Moreover, this study provides insights into the implication of a country’s development level on the role of GHG assurance in CEP.

目的本研究旨在确定温室气体鉴证对企业抑制碳排放绩效（CEP）的影响，以及温室气体鉴证提供商的从属关系和声誉对CEP的影响。本研究还探讨了温室气体鉴证提供商的从属关系和声誉是否会影响温室气体鉴证与企业碳排放绩效之间的关系。此外，本研究还探讨了国家发展水平对这一关系的调节作用。设计/方法/途径本研究以 2012 年至 2020 年期间 56 个国家的国际企业为样本，采用普通最小二乘法（OLS）进行回归。我们还在 t+1 和 t+2 时间运行 OLS 回归，以验证基线结果。为了解决因自我选择偏差和因果效应引起的内生性问题，本研究采用了广义矩方法（GMM）和 Heckman 检验。我们还发现，与非会计鉴证服务提供商相比，会计鉴证服务提供商会使企业获得更好的 CEP。我们的研究结果表明，四大审计师可以帮助企业减少碳排放。我们的研究只考虑了保证人的声誉和附属关系对 CEP 的影响，而没有研究可能影响所提供保证服务质量的其他因素。我们的研究通过提供证据证明会计和四大保证提供商确实在公司的碳排放绩效中发挥了重要作用，为温室气体保证提供商的附属关系和声誉在全球范围内的影响提供了实际意义。本文提供了温室气体鉴证与企业碳排放绩效之间关系的新证据，丰富了温室气体鉴证与企业碳排放绩效的有限证据。此外，本研究还深入探讨了国家发展水平对温室气体减排保证在 CEP 中的作用的影响。

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引用次数: 0

A mixed methods study of influences on perceived budgeting accuracy in UK universities 关于英国大学预算编制准确性影响因素的混合方法研究

IF 3 Q1 BUSINESS, FINANCE

Journal of Applied Accounting Research

Pub Date : 2024-09-03 DOI: 10.1108/jaar-11-2023-0337

Paul Cropper, Christopher Cowton

Purpose

The accuracy of budgeting is important to fulfilling its various roles. The aim of this study is to examine perceptions of budgeting accuracy in UK universities and to identify and understand the factors that influence them.

Design/methodology/approach

A mixed methods research design comprising a questionnaire survey (84 responses, = 51.5%) and 42 semi-structured, qualitative interviews is employed.

Findings

The findings reveal that universities tend to be conservative in their budgeting, although previous financial difficulties, the attitude of the governing body and the need to convince lenders that finances are being managed competently might lead to a greater emphasis on a “realistic” rather than cautious budget. Stepwise multiple regression identified four significantly negative influences on perceived budgeting accuracy: the difficulty of forecasting student numbers; difficulties associated with allowing unspent balances to be carried forward; taking a relatively long time to prepare the budget; and the institution’s level of financial surplus. The interviews are drawn upon to both explain and elaborate on the statistical findings. Forecasting student numbers and associated fee income emerges as a particularly challenging and complex issue.

Research limitations/implications

Our regression analysis is cross-sectional and therefore based on correlations. Furthermore, the research could be developed by investigating the views of other parties as well as repeating the study in both the UK and overseas.

Practical implications

Implications for university management follow from the four factors identified as significant influences upon budget accuracy. These include involving the finance department in estimating student numbers, removing or controlling the carry forward of unspent funds, and reducing the length of the budget cycle.

Originality/value

The first study to examine the factors that influence the perceived accuracy of universities’ budgeting, this paper also advances understanding of budgeting accuracy more generally.

目的预算编制的准确性对于发挥其各种作用非常重要。本研究旨在考察英国大学对预算编制准确性的看法，并确定和了解影响这些看法的因素。研究结果研究结果表明，大学在编制预算时倾向于保守，尽管以前的财务困难、管理机构的态度以及需要让贷款人相信财务管理得当可能会导致大学更加强调 "现实 "而非谨慎的预算。逐步多元回归法确定了四个对预算编制准确性有明显负面影响的因素：预测学生人数的困难；允许未用余额结转的困难；编制预算的时间相对较长；以及学校的财务盈余水平。我们通过访谈来解释和阐述统计结果。研究的局限性/影响我们的回归分析是横截面的，因此基于相关性。此外，还可以通过调查其他各方的观点以及在英国和海外重复研究来发展这项研究。实际意义从被确定为对预算准确性有重要影响的四个因素中，可以看出对大学管理的意义。这些因素包括让财务部门参与估算学生人数、取消或控制未用资金的结转以及缩短预算周期。原创性/价值本文是第一份研究影响大学预算编制准确性的因素的研究报告，同时也加深了人们对预算编制准确性的理解。

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引用次数: 0

Corporate culture's influence on the transparency of financial reporting in Iran: an in-depth analysis of readability and tone 伊朗企业文化对财务报告透明度的影响：对可读性和语气的深入分析

IF 3 Q1 BUSINESS, FINANCE

Journal of Applied Accounting Research

Pub Date : 2024-08-07 DOI: 10.1108/jaar-02-2024-0074

Javad Rajabalizadeh

Purpose

This study investigates the influence of corporate culture on financial reporting transparency within Iranian firms.

Design/methodology/approach

Leveraging a dataset of 1,480 firm-year observations from the Tehran Stock Exchange spanning from 2013 to 2022, the study employs text mining to quantify linguistic features of corporate culture and transparency, specifically readability and tone, within annual financial statements and Management Discussion and Analysis (MD&A) reports.

Findings

Our results confirm a positive and significant relationship between corporate culture and financial reporting transparency. The distinct dimensions of corporate culture — Creativity, Competition, Control, and Collaboration — each uniquely enhance financial transparency. Robustness tests including firm fixed-effects, entropy balancing, Generalized Method of Moments (GMM), and Propensity Score Matching (PSM) validate the profound influence of corporate culture on transparency. Additionally, our analysis shows that corporate culture significantly affects the disclosure of business, operational, and financial risks, with varying impacts across risk categories. Cross-sectional analysis further reveals how the impact of corporate culture on transparency varies significantly across different industries and firm sizes.

Research limitations/implications

The study’s scope, while focused on Iran, opens avenues for comparative research in different cultural and regulatory environments. Its reliance on text mining could be complemented by qualitative methods to capture more nuanced linguistic subtleties.

Practical implications

Findings underscore the strategic importance of cultivating a transparent corporate culture for enhancing financial reporting practices and stakeholder trust, particularly in emerging economies with similar dynamics to Iran.

Originality/value

This research is pioneering in its quantitative analysis of the textual features of corporate culture and its impact on transparency within Iranian corporate reports, integrating foundational theoretical perspectives with empirical evidence.

本研究调查了企业文化对伊朗公司财务报告透明度的影响。本研究利用德黑兰证券交易所 2013 年至 2022 年期间 1480 个公司年度观察数据集，采用文本挖掘法量化年度财务报表和管理层讨论与分析 (MD&A) 报告中企业文化和透明度的语言特点，特别是可读性和语气。研究结果我们的研究结果证实，企业文化与财务报告透明度之间存在显著的正相关关系。企业文化的不同维度--创造力、竞争、控制和协作--都能独特地提高财务透明度。包括公司固定效应、熵平衡、广义矩法（GMM）和倾向得分匹配（PSM）在内的稳健性检验验证了企业文化对透明度的深远影响。此外，我们的分析表明，企业文化对业务、运营和财务风险的披露有重大影响，不同风险类别的影响也不尽相同。横截面分析进一步揭示了企业文化对透明度的影响在不同行业和公司规模之间的显著差异。研究局限/启示这项研究的范围虽然集中在伊朗，但为不同文化和监管环境下的比较研究开辟了途径。研究结果强调了培养透明的企业文化对于加强财务报告实践和利益相关者信任的战略重要性，尤其是在与伊朗具有相似动态的新兴经济体中。原创性/价值这项研究开创性地对企业文化的文本特征及其对伊朗企业报告透明度的影响进行了定量分析，将基础理论观点与经验证据相结合。

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引用次数: 0

Earnings quality among private firms: evidence from the ELITE context 私营企业的盈利质量：ELITE 背景下的证据

IF 3 Q1 BUSINESS, FINANCE

Journal of Applied Accounting Research

Pub Date : 2024-08-05 DOI: 10.1108/jaar-09-2023-0276

Giorgio Ricciardi, Pietro Fera, Nicola Moscariello, Elbano De Nuccio

Purpose

Recent accounting literature claims that private firms’ heterogeneity influences the quality of earnings. Along with certain drivers of heterogeneity, private firms get involved in specific programs aimed at fostering their access to capital, competencies and networks (CCN programs). Such programs can enhance private firms’ exposure to stakeholders that demand higher reporting quality, affecting their financial reporting choices. Therefore, this study investigated whether membership in CCN programs affects private firms’ earnings quality.

Design/methodology/approach

Focusing on the ELITE program, an international platform that since 2012 aims to support the growth of the most promising SMEs, and employing different econometric specifications facing endogeneity concerns, this paper carries out a quantitative empirical analysis to test the effect of CCN programs on private firms’ earnings quality.

Findings

Employing different earnings quality measures, empirical evidence reveals that firms belonging to CCN programs experienced an improvement in their earnings quality.

Research limitations/implications

Even though endogeneity concerns have been addressed, we are nevertheless aware that they might, at least partially, have affected our results.

Practical implications

Although the contributions of the study are mostly academic, the empirical evidence obtained also carries practical implications. CCN programs not only act, as one might assume, as catalysts for economic and dimensional growth but also contribute to better earnings quality, mitigating the information asymmetries between firms and their stakeholders.

Originality/value

By adding new evidence to the literature concerning the impact of private firms’ heterogeneity on earnings quality, this is the first study to analyze the impact of specific programs aimed at supporting the affiliated SMEs to foster their access to capital, competencies and networks.

目的近期的会计文献指出，私营企业的异质性会影响收益质量。除了异质性的某些驱动因素外，私营企业还参与了旨在促进其获得资本、能力和网络（CCN 计划）的特定计划。这些项目可以提高民营企业与要求更高的报告质量的利益相关者的接触机会，从而影响其财务报告的选择。因此，本研究调查了加入 CCN 计划是否会影响民营企业的盈利质量。设计/方法/途径本文以 ELITE 计划（一个自 2012 年起旨在支持最有前途的中小型企业成长的国际平台）为重点，并采用不同的计量经济学规范（面临内生性问题），进行了定量实证分析，以检验 CCN 计划对民营企业盈利质量的影响。研究局限/启示尽管我们已经解决了内生性问题，但我们意识到这些问题可能至少部分影响了我们的研究结果。CCN 计划不仅像人们可能认为的那样，是经济和规模增长的催化剂，而且还有助于提高收益质量，缓解企业与其利益相关者之间的信息不对称。原创性/价值通过为有关民营企业异质性对收益质量影响的文献增添新的证据，本研究首次分析了旨在支持附属中小型企业以促进其获得资本、能力和网络的具体计划的影响。

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引用次数: 0

The impact of board gender diversity on firm performance: does critical mass matter? 董事会性别多样性对公司业绩的影响：临界质量是否重要？

IF 3 Q1 BUSINESS, FINANCE

Journal of Applied Accounting Research

Pub Date : 2024-07-26 DOI: 10.1108/jaar-12-2022-0336

J.D. Jayaraman, R. Smita, Narasinganallur Nilakantan

Purpose

The study aims to investigate the impact of board gender diversity (BGD) on firm performance (FP) by testing two hypotheses – the existence of a positive relationship between BGD and FP, and the moderating role of a critical mass of female directors on FP. The study also explores whether the association varies across different industries.

Design/methodology/approach

The authors collect data using Bloomberg and CMIE Prowess, from the Bombay Stock Exchange (BSE) 500 index for the period 2008–2018 and employ a robust statistical methodology (Dynamic Panel Data Model).

Findings

A critical mass of female directors positively moderates and strengthens the relationship between BGD and FP. The study fails to find evidence of a direct association between BGD and FP. The study also finds evidence of industry effects.

Research limitations/implications

Though we use a very robust statistical methodology, any modifications in the methodology or choice of a different methodology are likely to change the results. Moreover, some of the findings are statistically significant at the 10% level.

Practical implications

The findings of our study hold particular significance for emerging economies like India where regulatory initiatives aim to enhance gender diversity within boardrooms.

Originality/value

The study contributes to the critical mass literature by examining the association between a critical mass of female directors as a moderating variable of BGD and FP. Further, the study also identifies those industries which show a positive association between FP and BGD.

目的本研究旨在通过检验两个假设--董事会性别多元化与公司业绩（FP）之间是否存在正相关关系，以及女性董事临界质量对公司业绩（FP）的调节作用--来探讨董事会性别多元化（BGD）对公司业绩（FP）的影响。作者使用彭博社和 CMIE Prowess 收集了 2008-2018 年期间孟买证券交易所（BSE）500 指数的数据，并采用了稳健的统计方法（动态面板数据模型）。研究未能发现 BGD 与 FP 直接相关的证据。尽管我们使用了非常稳健的统计方法，但对方法的任何修改或选择不同的方法都有可能改变结果。此外，一些研究结果在 10%的水平上具有统计意义。原创性/价值本研究通过研究作为 BGD 调节变量的女性董事临界质量与 FP 之间的关联，为临界质量文献做出了贡献。此外，该研究还确定了那些在 FP 和 BGD 之间呈现正相关关系的行业。

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引用次数: 0

Crowdability: a new configuration of accountability forms in crowdfunding campaigns of non-profit organisations 可众筹性：非营利组织众筹活动中问责形式的新组合

IF 3 Q1 BUSINESS, FINANCE

Journal of Applied Accounting Research

Pub Date : 2024-07-24 DOI: 10.1108/jaar-08-2023-0257

Ulpiana Kocollari, Andrea Girardi, Maddalena Cavicchioli, Alessia Pedrazzoli

Purpose

This study analyses how different forms of online accountability – hierarchical/individualising, hierarchical/calculative and socialising accountability – influence online financing success of non-profit organisations (NPOs).

Design/methodology/approach

The study is based on 797 NPOs’ projects listed on three international crowdfunding platforms providing space for NPOs to present, account for and fund social projects.

Findings

Results show that accountability forms developed online play significantly different roles in NPOs’ financing. While online hierarchical/individualising and socialising accountability enhance NPO funding, hierarchical/calculative accountability reduces financing success.

Research limitations/implications

The empirical analysis is limited to the specific research context. However, the research provides theoretical and practical insights for the accounting literature.

Practical implications

The paper recommends that NPOs invest more in explaining their past and future activities rather than reporting on pure financial performances, as this may lead to stakeholders’ perception of mission drift and reduce financing success.

Originality/value

This research enhances the understanding of online accountability and its significance in securing financial resources for NPOs by highlighting the necessity of examining various accountability forms individually, as they may serve distinct functions in the financial sustenance of NPOs.

目的本研究分析了不同形式的在线问责制--分级/个性化问责制、分级/计算式问责制和社会化问责制--如何影响非营利组织（NPO）在线融资的成功。在线分级/个性化问责和社会化问责提高了非营利组织的筹资能力，而分级/计算性问责则降低了筹资成功率。本文建议非营利组织更多地投资于解释其过去和未来的活动，而不是报告纯粹的财务业绩，因为这可能会导致利益相关者认为使命漂移，降低融资成功率。原创性/价值本研究通过强调单独研究各种问责形式的必要性，加深了对在线问责及其在确保非营利组织财政资源方面的意义的理解，因为它们可能在非营利组织的财政维持方面发挥不同的功能。

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引用次数: 0

Information asymmetry and investment efficiency: the role of blockholders 信息不对称与投资效率：大股东的作用

IF 3 Q1 BUSINESS, FINANCE

Journal of Applied Accounting Research

Pub Date : 2024-07-04 DOI: 10.1108/jaar-05-2023-0123

Mubashir Ali Khan, Josephine Tan-Hwang Yau, Aitzaz Ahsan Alias Sarang, Ammar Ali Gull, Muzhar Javed

Purpose

This study aims to examine the extent to which information asymmetry affects investment efficiency and whether the presence of blockholders moderate this relationship.

Design/methodology/approach

We employ the data of firms listed on the Malaysian stock exchange for the period 2010–2018, to compose our sample. Our final sample includes the 100 largest non-financial firms based on market capitalization. Collectively, these 100 companies contribute 84.2% to the total market capitalization (MYR 1,730bn) which is representative of the whole market. The ordinary least squares regressions were used as the main estimation technique. The system generalized method of moments, two-stage least squares and propensity score matching were also used, to address potential endogeneity concerns.

Findings

We document a positively significant association of information asymmetry with investment inefficiency. These results imply that information asymmetry reduces investment efficiency and enhances sub-optimal investments. We also document that blockholders negatively moderate the relationship of information asymmetry with investment inefficiency. Further analyses show that investment inefficiency is higher in low-growth firms than in high-growth firms because of higher information asymmetry.

Research limitations/implications

We focus on Malaysia, which is a predominantly common-law Anglo-Saxon country. Graff (2008) documented that the investors are treated differently across legal systems and there are differences between the continental European and Anglo-Saxon countries. La Porta et al. (1999) documented that investors tend to have more legal protection in Anglo-Saxon countries. Therefore, our results may not be generalized to countries with different legal systems.

Practical implications

An important implication of our findings is that stakeholders may encourage the presence of blockholders and give them a voice to weaken the positive relationship between information asymmetry and investment inefficiency.

Originality/value

This study contributes to the contingency literature by investigating the moderating effect of an important governance mechanism, i.e. the presence of blockholders on information asymmetry-investment efficiency nexus. Despite being important, this moderating effect has been largely overlooked in the literature. Our study contributes by providing an understanding of how blockholders can influence investment decisions, offering insights for academics, investors and policymakers focused on improving the efficacy of investment decisions and governance structure.

目的本研究旨在探讨信息不对称在多大程度上影响投资效率，以及大股东的存在是否会缓和这种关系。我们的最终样本包括市值最大的 100 家非金融企业。这 100 家公司合计占总市值（17 300 亿马来西亚令吉）的 84.2%，在整个市场中具有代表性。主要估算方法是普通最小二乘法回归。为了解决潜在的内生性问题，我们还使用了系统广义矩法、两阶段最小二乘法和倾向得分匹配法。这些结果表明，信息不对称会降低投资效率，增加次优投资。我们还发现，集团股东对信息不对称与投资低效之间的关系起到负向调节作用。进一步的分析表明，由于信息不对称程度较高，低增长企业的投资低效率高于高增长企业。Graff（2008 年）指出，投资者在不同法律体系中受到的待遇不同，欧洲大陆国家与盎格鲁-撒克逊国家之间也存在差异。La Porta 等人（1999 年）的研究表明，在盎格鲁-撒克逊国家，投资者往往受到更多的法律保护。我们研究结果的一个重要意义是，利益相关者可以鼓励大股东的存在，并给予他们发言权，以削弱信息不对称与投资效率低下之间的正相关关系。尽管这种调节作用非常重要，但在文献中却大多被忽视了。我们的研究有助于了解大股东如何影响投资决策，为学术界、投资者和政策制定者提供见解，帮助他们提高投资决策和治理结构的效率。

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引用次数: 0

A decade of international diversity in collaborative research published in highly ranked accounting journals 十年来，合作研究的国际多样性在排名很高的会计期刊上发表

IF 3 Q1 BUSINESS, FINANCE

Journal of Applied Accounting Research

Pub Date : 2024-06-20 DOI: 10.1108/jaar-10-2023-0299

Renato Ferreira Leitão Azevedo, Isabel Lourenço, Jonas Oliveira, Manuel Castelo Branco

<h3>Purpose</h3><p>This study examines the patterns of international diversity in collaborative research published in highly ranked accounting journals.</p><h3>Design/methodology/approach</h3><p>We examine four types of collaborations: regional, inter-regional, European national and European international. The empirical study is based on 4,033 articles published in 13 journals between 2010 and 2019. Social network analyses were carried out for the inter-regional and the European international collaborations.</p><h3>Findings</h3><p>The broad analysis of the regional and inter-regional collaborations reveals not only significant differences between the non-North American journals and the North American but also important dissimilarities among the non-North American journals. The analysis of the European collaborations reveals significant differences between the journals where the UK institutions play a significant role in leading a network of European researchers and the journals where the Dutch and/or German institutions also play a significant role in another network as European leaders in terms of research.</p><h3>Research limitations/implications</h3><p>Although it reveals the patterns of internationalization of the highly ranked accounting journals, and offers some insights regarding why such patterns exist, it does not assess co-authorship networks with regard to the authors' orientation in terms of methods and research topics. We acknowledge that the networks amongst authors should also be influenced by the specific PhD-granting institutions. However, we let the data speak to these points, showing how journals differ in publication patterns. Not all highly ranked journals in accounting have the same networks and patterns of co-authorship. Another limitation pertains to the limited aspect of diversity it focuses on, that of geographical diversity. Furthermore, our analyses do not speak directly to the nationalities of the authors, but to the country in which the publication was granted at the time of the paper's publication.</p><h3>Practical implications</h3><p>Our findings show that the patterns of international diversity in all the types of collaborations under examination in the highly ranked accounting journals vary across different groups of journals. The “North-American or North-American inspired journals” (Guthrie <em>et al.</em>, 2019, p. 12) have the highest level of geographical concentration and the North American universities/institutions contribute with the majority of the papers. The “non-North American journals” – the leading journals for critical, interpretive and interdisciplinary approaches (Hussain <em>et al.</em>, 2020) and those which are more acceptive of these latter approaches – have a lower level of geographic concentration of the papers and there is a broader set of regions and countries involved, including No

目的本研究探讨了在排名靠前的会计期刊上发表的合作研究的国际多样性模式。设计/方法/途径我们研究了四种类型的合作：区域性合作、区域间合作、欧洲国家合作和欧洲国际合作。实证研究基于 2010 年至 2019 年间在 13 种期刊上发表的 4033 篇文章。研究结果对地区和地区间合作的广泛分析不仅揭示了非北美期刊与北美期刊之间的显著差异，也揭示了非北美期刊之间的重要差异。对欧洲合作的分析表明，英国机构在领导欧洲研究人员网络方面发挥重要作用的期刊与荷兰和/或德国机构作为欧洲研究领导者在另一个网络中也发挥重要作用的期刊之间存在显著差异。研究局限/启示虽然本研究揭示了排名靠前的会计期刊的国际化模式，并就这种模式存在的原因提出了一些见解，但它没有评估作者在方法和研究课题方面的取向方面的合著网络。我们承认，作者之间的网络也应受到具体博士学位授予机构的影响。不过，我们还是让数据来说明这些问题，显示期刊在出版模式上的差异。并非所有排名靠前的会计学期刊都有相同的合著网络和模式。另一个局限性在于它关注的多样性方面有限，即地域多样性。此外，我们的分析并没有直接针对作者的国籍，而是针对论文发表时被授予发表权的国家。北美或受北美启发的期刊"（Guthrie et al.非北美期刊"--批判性、解释性和跨学科方法的主要期刊（Hussain et al、2020 年），以及那些更接受后一种方法的期刊，其论文的地域集中程度较低，涉及的地区和国家范围更广，包括北美国家、英国和两个欧洲大陆国家（德国和荷兰）。原创性/价值我们的研究通过实证分析表明，在排名靠前的会计期刊中，不同期刊组的所有合作类型的国际多样性模式各不相同，这不仅揭示了北美和非北美会计期刊之间的显著差异，还展示了非北美期刊如何呈现出更多的异质性。我们还认为，鉴于现有的会计文献未能承认欧洲的多样性，对欧洲案例的分析是本研究值得一提的贡献。

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引用次数: 0

Does ownership structure drive the effect of CEO overconfidence on earnings quality? 所有权结构是否驱动首席执行官过度自信对收益质量的影响？

IF 3 Q1 BUSINESS, FINANCE

Journal of Applied Accounting Research

Pub Date : 2024-05-30 DOI: 10.1108/jaar-10-2022-0265

Bilel Bzeouich, Florence Depoers, Faten Lakhal

Purpose

The purpose of this paper is to examine the effect of chief executive officer (CEO) overconfidence on earnings quality and the moderating role of ownership structure as a crucial corporate governance device.

Design/methodology/approach

The paper uses the generalized method of moments (GMM) estimation method to test our models on a sample of 335 French companies between 2009 and 2020, i.e. 4,020 observations.

Findings

The results show that CEO overconfidence negatively affects earnings quality. This result supports the predictions of behavioral finance theory and suggests that CEO overconfidence is a behavioral bias that affects the quality of earnings. The authors also examined the effect of different types of ownership structures on this relationship. The results show the significant role of controlling shareholders, owner-managers, families and institutional investors in mitigating the negative effect of CEO overconfidence on earnings quality.

Research limitations/implications

This paper has some limitations. First, other types of ownership structures could have been analyzed such as state ownership. Second, we ignored the role of the board of directors as an important governance mechanism in controlling overconfident CEOs’ actions.

Practical implications

Companies should be aware of the potential risks associated with CEO overconfidence, which can compromise the faithful representation of earnings. This highlights the importance of effective monitoring and internal controls to detect and prevent such practices, which involve the role of ownership structure.

Originality/value

This paper addresses the effect of CEO overconfidence on earnings quality and provides new evidence on the role of different ownership structure types in shaping this relationship. Additionally, this paper sheds new light on how overconfident CEOs may behave in challenging times.

本文旨在研究首席执行官（CEO）过度自信对收益质量的影响，以及所有权结构作为重要公司治理工具的调节作用。本文采用广义矩量法（GMM）估计方法，对 2009 年至 2020 年间 335 家法国公司的样本（即 4020 个观测值）进行模型检验。这一结果支持行为金融理论的预测，表明首席执行官过度自信是一种影响收益质量的行为偏差。作者还研究了不同类型的所有权结构对这种关系的影响。结果表明，控股股东、所有者-经理人、家族和机构投资者在减轻首席执行官过度自信对收益质量的负面影响方面发挥了重要作用。首先，我们本可以分析其他类型的所有权结构，如国有所有权。其次，我们忽略了董事会作为控制首席执行官过度自信行为的重要治理机制的作用。实际意义公司应意识到与首席执行官过度自信相关的潜在风险，这可能会影响收益的忠实反映。这凸显了有效监督和内部控制对发现和预防此类行为的重要性，其中涉及所有权结构的作用。此外，本文还揭示了过度自信的首席执行官在充满挑战的时期可能采取的行为。

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引用次数: 0

Board gender diversity and environmental material topics: Evidence from GRI-based reports in the Italian context 董事会性别多样性与环境材料主题：来自意大利 GRI 报告的证据

IF 3 Q1 BUSINESS, FINANCE

Journal of Applied Accounting Research

Pub Date : 2024-05-09 DOI: 10.1108/jaar-08-2023-0255

Riccardo Macchioni, Martina Prisco, Claudia Zagaria

Purpose

This paper investigates whether board gender diversity is associated with the propensity to prioritize environmental issues in the material topic list on Global Reporting Initiative (GRI)-based reports.

Design/methodology/approach

Regressions analyses are performed using a sample of 755 firm-year observations from Italy over the 2018–2022 period. The data were obtained from hand-collection on GRI-based reports and Refinitiv Eikon database. Board gender diversity is measured through three proxies: the natural logarithm of the number of women directors, the ratio of female representation on board and the Blau index reflecting the proportion of women/men on board. Additional tests are also developed.

Findings

Results show that board gender diversity positively influences the propensity to rank environmental issues at the top of the material topic list on GRI-based reports.

Research limitations/implications

Since the study focuses on the Italian context, results cannot be subjective to an extensive generalization to other countries.

Practical implications

This study highlights the importance of strengthening the female participation on board to prioritize the firm’s impact on environment within the materiality assessment of sustainability reporting.

Originality/value

To the best of the authors’ knowledge, this study is the first to investigate the association between board gender diversity and the highest ranked environmental material topics, thus contributing to better understand the role of women directors on materiality assessment within sustainability reporting.

目的本文研究了董事会性别多样性是否与基于全球报告倡议组织（GRI）报告的材料主题列表中优先考虑环境问题的倾向相关。数据来自基于 GRI 报告的手工收集和 Refinitiv Eikon 数据库。董事会性别多样性通过三个代用指标来衡量：女性董事人数的自然对数、董事会中女性代表的比例以及反映董事会中女性/男性比例的布劳指数。研究结果研究结果表明，董事会的性别多样性对将环境问题排在基于 GRI 报告的重要主题列表前列的倾向有积极影响。研究局限性/意义由于本研究侧重于意大利的情况，因此不能主观地将结果广泛推广到其他国家。实践意义本研究强调了加强董事会中女性参与的重要性，以便在可持续发展报告的实质性评估中优先考虑公司对环境的影响。原创性/价值据作者所知，本研究首次调查了董事会性别多样性与排名最高的环境实质性主题之间的关联，从而有助于更好地理解女性董事在可持续发展报告实质性评估中的作用。

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引用次数: 0