Pub Date : 2026-01-01Epub Date: 2025-06-05DOI: 10.1016/j.bar.2025.101687
Nina Detzen
This study takes up Adler and Borys' (1996) assertion that an enabling control design can mobilise employees' internalised motivation. Drawing on self-determination theory, it explores different motivational channels through which learning is facilitated in research and development (R&D) projects. Based on survey data from 151 R&D team members, the results show that intrinsic and autonomous extrinsic motivation mediate the relationship between a perceived enabling budget design and learning. A subsample analysis showed that autonomous extrinsic motivation mediates the effect of a perceived enabling budget design on learning in highly explorative projects, while the effect of intrinsic motivation was inferior. Based on the empirical analysis, employees’ perceptions of the four underlying design features of the enabling design are critically reflected upon. Overall, the study sheds light on the mediating role of employee motivation as an important aspect to better understand the relationship between management control practices and work outcomes in innovative settings.
{"title":"Perceived enabling budget designs and motivational channels for learning in R&D projects","authors":"Nina Detzen","doi":"10.1016/j.bar.2025.101687","DOIUrl":"10.1016/j.bar.2025.101687","url":null,"abstract":"<div><div>This study takes up Adler and Borys' (1996) assertion that an enabling control design can mobilise employees' internalised motivation. Drawing on self-determination theory, it explores different motivational channels through which learning is facilitated in research and development (R&D) projects. Based on survey data from 151 R&D team members, the results show that intrinsic and autonomous extrinsic motivation mediate the relationship between a perceived enabling budget design and learning. A subsample analysis showed that autonomous extrinsic motivation mediates the effect of a perceived enabling budget design on learning in highly explorative projects, while the effect of intrinsic motivation was inferior. Based on the empirical analysis, employees’ perceptions of the four underlying design features of the enabling design are critically reflected upon. Overall, the study sheds light on the mediating role of employee motivation as an important aspect to better understand the relationship between management control practices and work outcomes in innovative settings.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"58 1","pages":"Article 101687"},"PeriodicalIF":9.4,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145963216","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-01-01Epub Date: 2024-11-15DOI: 10.1016/j.bar.2024.101527
Pei-Chi Kelly Hsiao , Mary Low , Tom Scott
This study explores the sustainability performance indicators (SPIs) universities disclose, and how institutional and resource dependence pressures influence the institutionalisation of sustainability performance measurement and reporting. We assess performance indicators (PIs) with quantitative or qualitative results reported against established targets and conducted a longitudinal cross-jurisdiction assessment of over 25,000 PIs reported by 16 Victorian (Australia) and New Zealand (NZ) universities from 2012 to 2021. Results from content and regression analyses provide evidence that SPI reporting is influenced by coercive, normative, and resource dependence pressures, with universities adopting an acquiescence strategy towards disclosure. SPIs account for a substantial proportion (54%) of total PIs and focus on economic and social performance. Environmental SPIs are typically absent unless mandated and SPIs that indicate the embedding of sustainability practices into core university activities are uncommon. Despite some innovative universities that voluntarily adopted sustainability reporting guidelines or disclosed SPIs beyond reporting mandates, these disclosure practices may not represent an improvement over currently accepted practices as they have not become widely diffused and institutionalised. Our study provides new insights on the state of university sustainability reporting and is relevant to standard-setters and regulators in advancing public sector sustainability reporting.
本研究探讨了大学披露的可持续发展绩效指标（SPI），以及机构和资源依赖压力如何影响可持续发展绩效衡量和报告的制度化。我们评估了根据既定目标报告定量或定性结果的绩效指标（PIs），并对澳大利亚维多利亚州（Victorian）和新西兰（NZ）的16所大学在2012年至2021年期间报告的25,000多项PIs进行了跨辖区纵向评估。内容和回归分析的结果证明，SPI 报告受到强制、规范和资源依赖压力的影响，大学对披露采取默许策略。SPI 占 PI 总量的很大比例（54%），重点关注经济和社会绩效。环境方面的 SPI 通常不存在，除非有强制要求，而表明可持续发展实践已融入大学核心活动的 SPI 也不常见。尽管一些创新型大学自愿采用了可持续发展报告指南或披露了报告授权之外的 SPI，但这些披露做法可能并不代表对当前公认做法的改进，因为它们尚未得到广泛传播和制度化。我们的研究为了解大学可持续发展报告的现状提供了新的视角，对标准制定者和监管者推进公共部门可持续发展报告具有借鉴意义。
{"title":"Institutionalisation of sustainability performance measurement and reporting: Insights from Victoria (Australia) and New Zealand universities","authors":"Pei-Chi Kelly Hsiao , Mary Low , Tom Scott","doi":"10.1016/j.bar.2024.101527","DOIUrl":"10.1016/j.bar.2024.101527","url":null,"abstract":"<div><div>This study explores the sustainability performance indicators (SPIs) universities disclose, and how institutional and resource dependence pressures influence the institutionalisation of sustainability performance measurement and reporting. We assess performance indicators (PIs) with quantitative or qualitative results reported against established targets and conducted a longitudinal cross-jurisdiction assessment of over 25,000 PIs reported by 16 Victorian (Australia) and New Zealand (NZ) universities from 2012 to 2021. Results from content and regression analyses provide evidence that SPI reporting is influenced by coercive, normative, and resource dependence pressures, with universities adopting an acquiescence strategy towards disclosure. SPIs account for a substantial proportion (54%) of total PIs and focus on economic and social performance. Environmental SPIs are typically absent unless mandated and SPIs that indicate the embedding of sustainability practices into core university activities are uncommon. Despite some innovative universities that voluntarily adopted sustainability reporting guidelines or disclosed SPIs beyond reporting mandates, these disclosure practices may not represent an improvement over currently accepted practices as they have not become widely diffused and institutionalised. Our study provides new insights on the state of university sustainability reporting and is relevant to standard-setters and regulators in advancing public sector sustainability reporting.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"58 1","pages":"Article 101527"},"PeriodicalIF":9.4,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142684385","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Over the past few decades, the Chinese government has implemented a series of tax system reforms, namely, the Golden Tax Project (GTP), to use information technology to enhance tax administration. Taking advantage of the staggered implementation of phase III of the GTP from 2013 to 2016, we use a difference-in-differences design to examine whether strengthened tax enforcement impacts audit pricing. Using a sample of 2751 companies listed on Chinese stock exchanges from 2007 to 2016, we test and find support for our hypothesis that the implementation of GTP III leads to a reduction in audit fees. We predict that GTP III decreases audit risks by improving corporate tax compliance and information transparency, which in turn reduces audit fees. Consistent with our prediction, the results show that the implementation of GTP III is associated with improved tax compliance (proxied by reduced tax avoidance and negative tax-related media coverage) and with improved information transparency (measured by reduced earnings management and analyst forecast errors). Our further analyses show that the effect of GTP III on audit pricing is more pronounced for companies in regions with higher fiscal pressure, worse tax compliance environment, and more severe corruption. Furthermore, the effect is strengthened when auditors are from a Big 4 firm, have more experience, and have experience in the high-tech industries. Moreover, business complexity, industry competition, and business uncertainty attenuate the effect of GTP III on audit pricing. Overall, this study suggests that tax enforcement has an important impact on auditor behavior, with benefits extending beyond enhanced tax compliance.
{"title":"The effect of big data-driven tax enforcement on audit pricing: Evidence from China","authors":"Xiting Wu , Sammy Xiaoyan Ying , Jiaxing You , Xiaochun Wu , Huiying Wu","doi":"10.1016/j.bar.2024.101531","DOIUrl":"10.1016/j.bar.2024.101531","url":null,"abstract":"<div><div>Over the past few decades, the Chinese government has implemented a series of tax<span><span> system reforms, namely, the Golden Tax Project (GTP), to use information technology to enhance tax<span><span> administration. Taking advantage of the staggered implementation of phase III of the GTP from 2013 to 2016, we use a difference-in-differences design to examine whether strengthened tax enforcement impacts audit pricing. Using a sample of 2751 companies listed on Chinese stock exchanges from 2007 to 2016, we test and find support for our hypothesis that the implementation of GTP III leads to a reduction in </span>audit fees. We predict that GTP III decreases audit risks by improving </span></span>corporate tax<span> compliance and information transparency, which in turn reduces audit fees. Consistent with our prediction, the results show that the implementation of GTP III is associated with improved tax compliance (proxied by reduced tax avoidance and negative tax-related media coverage) and with improved information transparency (measured by reduced earnings management and analyst forecast errors). Our further analyses show that the effect of GTP III on audit pricing is more pronounced for companies in regions with higher fiscal pressure, worse tax compliance environment, and more severe corruption<span>. Furthermore, the effect is strengthened when auditors are from a Big 4 firm, have more experience, and have experience in the high-tech industries. Moreover, business complexity, industry competition, and business uncertainty attenuate the effect of GTP III on audit pricing. Overall, this study suggests that tax enforcement has an important impact on auditor behavior, with benefits extending beyond enhanced tax compliance.</span></span></span></div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"58 1","pages":"Article 101531"},"PeriodicalIF":9.4,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145963217","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-01-01Epub Date: 2024-11-04DOI: 10.1016/j.bar.2024.101516
Lisa Powell , Alessandro Ghio , Nicholas McGuigan
This article suggests new possibilities to nurture diversity, disrupt heteronormativity and create space for voices of LGBTIQA+ people in accounting. Whilst past research focuses on and challenges heteronormativity in the accounting workplace, we argue that accounting education plays a key role in shaping sexual norms in accounting. We begin by providing insights into how current accounting education largely neglects LGBTIQA+ perspectives, shaping a discourse around sexuality that reflects heteronormative accounting workplaces. We then build upon the theoretical backdrop of queer theory and critical pedagogy to develop LGBTIQA+ perspectives in accounting education. In doing so, we conceptually advance five lenses through which to design modes of education based on queer pedagogy. These lenses include question and deconstruction of normality, critical reflexivity, discomfort, imagination, and activism. Queering accounting pedagogy in this way can assist educators and students in addressing the concealment of LGBTIQA+ perspectives, thereby critically challenging the hidden curriculum of heteronormativity in accounting. The paper concludes by contending that queering accounting pedagogy can bring possibilities for broader classroom inquiry, democratic participation, social justice, meaningful dialogue, and mutually respectful educational practices in accounting.
{"title":"Nurturing diversity in accounting through “Queering” accounting pedagogy","authors":"Lisa Powell , Alessandro Ghio , Nicholas McGuigan","doi":"10.1016/j.bar.2024.101516","DOIUrl":"10.1016/j.bar.2024.101516","url":null,"abstract":"<div><div>This article suggests new possibilities to nurture diversity, disrupt heteronormativity and create space for voices of LGBTIQA+ people in accounting. Whilst past research focuses on and challenges heteronormativity in the accounting workplace, we argue that accounting education plays a key role in shaping sexual norms in accounting. We begin by providing insights into how current accounting education largely neglects LGBTIQA+ perspectives, shaping a discourse around sexuality that reflects heteronormative accounting workplaces. We then build upon the theoretical backdrop of queer theory and critical pedagogy to develop LGBTIQA+ perspectives in accounting education. In doing so, we conceptually advance five lenses through which to design modes of education based on queer pedagogy. These lenses include question and deconstruction of normality, critical reflexivity, discomfort, imagination, and activism. Queering accounting pedagogy in this way can assist educators and students in addressing the concealment of LGBTIQA+ perspectives, thereby critically challenging the hidden curriculum of heteronormativity in accounting. The paper concludes by contending that queering accounting pedagogy can bring possibilities for broader classroom inquiry, democratic participation, social justice, meaningful dialogue, and mutually respectful educational practices in accounting.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"58 1","pages":"Article 101516"},"PeriodicalIF":9.4,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142637391","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-01-01Epub Date: 2025-03-06DOI: 10.1016/j.bar.2025.101622
Jinghan Guan , Alaa Mansour Zalata , Pingli Li
We examine whether a narcissistic audit committee (AC) chair influences the quality of non-IFRS earnings disclosure. We find that executives are more likely to opportunistically subtract persistent income-decreasing items from IFRS earnings in firms with ACs chaired by highly narcissistic individuals. Interestingly, unlike the common belief that narcissism destroys value, our findings suggest narcissism of an AC chair enhances the quality of non-IFRS earnings. This effect is particularly pronounced when the narcissistic AC chair possesses relevant experience, such as accounting expertise, firm-specific knowledge, or corporate governance experience. Additionally, our results show that the quality of non-IFRS earnings is enhanced when the narcissistic AC chair has fewer personal ties with the CEO and is motivated to assert their authority in monitoring. Importantly, our results are robust when controlling for potential endogeneity.
{"title":"Narcissistic audit committee chairs and the quality of non-IFRS disclosures","authors":"Jinghan Guan , Alaa Mansour Zalata , Pingli Li","doi":"10.1016/j.bar.2025.101622","DOIUrl":"10.1016/j.bar.2025.101622","url":null,"abstract":"<div><div>We examine whether a narcissistic audit committee (AC) chair influences the quality of non-IFRS earnings disclosure. We find that executives are more likely to opportunistically subtract persistent income-decreasing items from IFRS earnings in firms with ACs chaired by highly narcissistic individuals. Interestingly, unlike the common belief that narcissism destroys value, our findings suggest narcissism of an AC chair enhances the quality of non-IFRS earnings. This effect is particularly pronounced when the narcissistic AC chair possesses relevant experience, such as accounting expertise, firm-specific knowledge, or corporate governance experience. Additionally, our results show that the quality of non-IFRS earnings is enhanced when the narcissistic AC chair has fewer personal ties with the CEO and is motivated to assert their authority in monitoring. Importantly, our results are robust when controlling for potential endogeneity.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"58 1","pages":"Article 101622"},"PeriodicalIF":9.4,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145963218","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-01-01Epub Date: 2025-02-05DOI: 10.1016/j.bar.2025.101589
Xin Cui , Shengnan Li , Jing Liao , John W. Goodell , Yueshan Li
We examine the impact of regional language diversity on corporate environmental performance. identifying a significant negative relationship. Our findings remain robust after addressing endogeneity concerns using strategies such as multiple fixed effects model, PSM and controlling for omitted variables. Leveraging manually collected data on China's clans and genealogies, we construct a unique instrumental variable for language diversity, further confirming our results. Additional analysis shows that the negative impact is stronger in regions with lower marketization and for firms with poor audit quality. Mechanism tests suggest that language diversity erodes social trust, a vital component of social capital, thereby weakening corporate environmental commitments. These findings highlight the challenges of enhancing environmental performance in linguistically diverse regions and underscore the importance of social trust in driving environmental protection.
{"title":"Language diversity, social trust, and corporate environmental performance","authors":"Xin Cui , Shengnan Li , Jing Liao , John W. Goodell , Yueshan Li","doi":"10.1016/j.bar.2025.101589","DOIUrl":"10.1016/j.bar.2025.101589","url":null,"abstract":"<div><div><span><span><span>We examine the impact of regional language diversity on corporate environmental performance. identifying a significant negative relationship. Our findings remain robust after addressing endogeneity concerns using strategies such as multiple fixed effects model, </span>PSM and controlling for omitted variables. Leveraging manually collected data on China's clans and </span>genealogies, we construct a unique </span>instrumental variable<span> for language diversity, further confirming our results. Additional analysis shows that the negative impact is stronger in regions with lower marketization and for firms with poor audit quality. Mechanism tests suggest that language diversity erodes social trust, a vital component of social capital, thereby weakening corporate environmental commitments. These findings highlight the challenges of enhancing environmental performance in linguistically diverse regions and underscore the importance of social trust in driving environmental protection.</span></div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"58 1","pages":"Article 101589"},"PeriodicalIF":9.4,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145963374","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-01-01Epub Date: 2025-12-08DOI: 10.1016/j.bar.2025.101810
Rhoda Brown , Silvia Gaia , Richard Slack
Professor Michael John Jones (1953–2023) was a stalwart of UK academic accounting for over forty years. He published around 85 scholarly papers and 90 practitioner articles, making significant contributions in areas including narrative disclosure, financial graphs, medieval accounting history, and biodiversity reporting. In this article, we examine the main insights his work contributed in each of these areas and explain his contribution to the UK academic accounting community, through his role in the founding of important research institutions and networks, journal editorship, his dedication to supporting early career researchers and the collaborative relationships he maintained with the accounting profession.
{"title":"The Academic Legacy of Professor Michael John Jones (1953–2023): Accounting narratives, financial graphs, medieval accounting history and accounting for biodiversity","authors":"Rhoda Brown , Silvia Gaia , Richard Slack","doi":"10.1016/j.bar.2025.101810","DOIUrl":"10.1016/j.bar.2025.101810","url":null,"abstract":"<div><div>Professor Michael John Jones (1953–2023) was a stalwart of UK academic accounting for over forty years. He published around 85 scholarly papers and 90 practitioner articles, making significant contributions in areas including narrative disclosure, financial graphs, medieval accounting history, and biodiversity reporting. In this article, we examine the main insights his work contributed in each of these areas and explain his contribution to the UK academic accounting community, through his role in the founding of important research institutions and networks, journal editorship, his dedication to supporting early career researchers and the collaborative relationships he maintained with the accounting profession.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"58 1","pages":"Article 101810"},"PeriodicalIF":9.4,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145730964","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-01-01Epub Date: 2025-02-04DOI: 10.1016/j.bar.2025.101587
Evelyze Cruz Dallagnol, Henrique Portulhak
This research analysed Brazilian Federal Universities to investigate the determinants of the public value disclosure. Based on the Public Value Disclosure Index, the Management Reports of 65 Brazilian universities were subjected to a content analysis to measure the level of public value disclosure, both in general and for each perspective of the public value strategic triangle. Beta regression was then applied to the index results to identify the determinants of the level of disclosure. The results converge with previous studies on the low disclosure of items related to the Legitimacy and Support perspective and the high disclosure of Operational Capacity indicators. The similar behaviour to developed countries can be explained by the strong influence of coercive isomorphism instruments, evidenced both in the disclosure of items related to public value and in the disclosure format. The quantitative analysis emphasises that financial efficiency, in terms of lower cost per student, and better governance, in terms of leadership, strategy and control, have an impact on the level of public value disclosure. This study contributes by highlighting the importance of developing specific guidelines as an effective strategy for better adapting public value disclosure to contemporary requirements of transparency and accountability.
{"title":"Public value disclosure by Brazilian federal universities","authors":"Evelyze Cruz Dallagnol, Henrique Portulhak","doi":"10.1016/j.bar.2025.101587","DOIUrl":"10.1016/j.bar.2025.101587","url":null,"abstract":"<div><div>This research analysed Brazilian Federal Universities to investigate the determinants of the public value disclosure. Based on the Public Value Disclosure Index, the Management Reports of 65 Brazilian universities were subjected to a content analysis to measure the level of public value disclosure, both in general and for each perspective of the public value strategic triangle. Beta regression was then applied to the index results to identify the determinants of the level of disclosure. The results converge with previous studies on the low disclosure of items related to the Legitimacy and Support perspective and the high disclosure of Operational Capacity indicators. The similar behaviour to developed countries can be explained by the strong influence of coercive isomorphism instruments, evidenced both in the disclosure of items related to public value and in the disclosure format. The quantitative analysis emphasises that financial efficiency, in terms of lower cost per student, and better governance, in terms of leadership, strategy and control, have an impact on the level of public value disclosure. This study contributes by highlighting the importance of developing specific guidelines as an effective strategy for better adapting public value disclosure to contemporary requirements of transparency and accountability.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"58 1","pages":"Article 101587"},"PeriodicalIF":9.4,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143418535","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-11-01Epub Date: 2025-05-21DOI: 10.1016/j.bar.2025.101686
Jamie Yixing Tong , Yujie Wang , Yi Xiang , Feida Frank Zhang
Does information sharing affect bank loan contract? We examine a unique information sharing channel that arises when chief executive officers (CEOs) or chief financial officers (CFOs) of home firms are also directors of banks' existing clients (connected firms). This channel is labelled as ‘CEO/CFO-bank links’, and these banks are referred to as connected banks in this study. We find that a home firm is more likely to have its connected bank as the loan provider, and the loan spread is lower than that of bank loan with a non-connected bank. Further analysis reveals that the above associations are more pronounced when connected firms are more closely monitored by the connected banks, when the information environment of home firms is weaker, or when the linkage between connected banks and home firms is stronger. Overall, our results suggest that CEO/CFO-bank links enable banks to access more firm-specific information, which influences the lending decisions.
{"title":"Information sharing and loan outcome: Evidence from CEO/CFO-bank links","authors":"Jamie Yixing Tong , Yujie Wang , Yi Xiang , Feida Frank Zhang","doi":"10.1016/j.bar.2025.101686","DOIUrl":"10.1016/j.bar.2025.101686","url":null,"abstract":"<div><div>Does information sharing affect bank loan contract? We examine a unique information sharing channel that arises when chief executive officers (CEOs) or chief financial officers (CFOs) of home firms are also directors of banks' existing clients (connected firms). This channel is labelled as ‘CEO/CFO-bank links’, and these banks are referred to as connected banks in this study. We find that a home firm is more likely to have its connected bank as the loan provider, and the loan spread is lower than that of bank loan with a non-connected bank. Further analysis reveals that the above associations are more pronounced when connected firms are more closely monitored by the connected banks, when the information environment of home firms is weaker, or when the linkage between connected banks and home firms is stronger. Overall, our results suggest that CEO/CFO-bank links enable banks to access more firm-specific information, which influences the lending decisions.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 6","pages":"Article 101686"},"PeriodicalIF":9.4,"publicationDate":"2025-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144237416","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper examines the role of individual actions in shaping accountability relationships by adopting a micro-level perspective. Drawing on the concept of intelligent accountability, it presents a three-phase processual model to analyse the unfolding of a stakeholder engagement plan within a large firm. Despite the firm's president aiming to foster inclusion and participation, managers exhibited varied and often conflicting micro-actions during face-to-face stakeholder meetings. This misalignment led to an ‘intent-action paralysis,’ resulting in unintended relational consequences that hindered change and long-term stakeholder relationships. The study underscores the value of micro-processual analysis in advancing accountability and stakeholder engagement research, offering insights into their inherently relational dynamics. It contributes to the broader discussion on the challenges of enacting intelligent accountability, stakeholder engagement and the associated responsibilities.
{"title":"The (non)enactment of intelligent accountability through stakeholder engagement: A micro-processual perspective","authors":"Lara Bianchi , Emilio Passetti , Massimo Contrafatto","doi":"10.1016/j.bar.2025.101590","DOIUrl":"10.1016/j.bar.2025.101590","url":null,"abstract":"<div><div>This paper examines the role of individual actions in shaping accountability relationships by adopting a micro-level perspective. Drawing on the concept of intelligent accountability, it presents a three-phase processual model to analyse the unfolding of a stakeholder engagement plan within a large firm. Despite the firm's president aiming to foster inclusion and participation, managers exhibited varied and often conflicting micro-actions during face-to-face stakeholder meetings. This misalignment led to an ‘intent-action paralysis,’ resulting in unintended relational consequences that hindered change and long-term stakeholder relationships. The study underscores the value of micro-processual analysis in advancing accountability and stakeholder engagement research, offering insights into their inherently relational dynamics. It contributes to the broader discussion on the challenges of enacting intelligent accountability, stakeholder engagement and the associated responsibilities.</div></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"57 6","pages":"Article 101590"},"PeriodicalIF":9.4,"publicationDate":"2025-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145584500","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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