Pub Date : 2025-11-04DOI: 10.1016/j.bar.2025.101779
Akbar Ali, Radnyi Godase, Mohammed Muhsin
{"title":"Mobile Banking Transaction Volume and Perceived Service Quality: A Text Analytics Approach","authors":"Akbar Ali, Radnyi Godase, Mohammed Muhsin","doi":"10.1016/j.bar.2025.101779","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101779","url":null,"abstract":"","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"21 11 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2025-11-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145434371","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 : 2025-10-28DOI: 10.1016/j.bar.2025.101776
Huifa Chen, Yuan George Shan, Junru Zhang
{"title":"Is internal carbon pricing an agent of change in the green transition?","authors":"Huifa Chen, Yuan George Shan, Junru Zhang","doi":"10.1016/j.bar.2025.101776","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101776","url":null,"abstract":"","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"57 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2025-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145397048","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 : 2025-09-29DOI: 10.1016/j.bar.2025.101766
Andrews Owusu, Muhammad Atif, Mark David Holmes, Kamil Omoteso
We examine the effect of employee board representation on audit fees and whether the interplay between audit fees and employee board representation has an impact on audit quality, as measured by discretionary accruals. Using a sample of 3142 firm-year observations across seven European countries over the period of 2005–2019, we show that employee board representation is negatively associated with audit fees, and this association is primarily observed when the number of employee directors reaches two or more. In addition, we test the possible channels through which employee board representation affects audit fees and show that the effect is stronger in firms with weak corporate governance. We also document that audit committee effectiveness moderates the relationship. Finally, we show that the observed lower audit fees lead to an improvement in audit quality, probably due to a stronger control environment and reduced audit risk in the presence of employee directors. Our main results are unchanged when using alternative measures, additional controls, subsample analysis, alternative econometric techniques, and identification strategies.
{"title":"Audit fees-audit quality relationship: Does employee board representation matter?","authors":"Andrews Owusu, Muhammad Atif, Mark David Holmes, Kamil Omoteso","doi":"10.1016/j.bar.2025.101766","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101766","url":null,"abstract":"We examine the effect of employee board representation on audit fees and whether the interplay between audit fees and employee board representation has an impact on audit quality, as measured by discretionary accruals. Using a sample of 3142 firm-year observations across seven European countries over the period of 2005–2019, we show that employee board representation is negatively associated with audit fees, and this association is primarily observed when the number of employee directors reaches two or more. In addition, we test the possible channels through which employee board representation affects audit fees and show that the effect is stronger in firms with weak corporate governance. We also document that audit committee effectiveness moderates the relationship. Finally, we show that the observed lower audit fees lead to an improvement in audit quality, probably due to a stronger control environment and reduced audit risk in the presence of employee directors. Our main results are unchanged when using alternative measures, additional controls, subsample analysis, alternative econometric techniques, and identification strategies.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"92 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2025-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145262006","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 : 2025-09-27DOI: 10.1016/j.bar.2025.101767
Yaorong Liu, Yi Cao, Yizhe Dong, Zongxiao Wu
We examine how two distinct Environmental, social and governance (ESG) measures—disclosure-based ESG performance and event-driven ESG risks—affect the cost of bank loans. Using an international sample, we find that borrowers with higher ESG risks face significantly higher loan spreads, while stronger ESG performance is associated with lower spreads. The cost-saving effect of ESG performance depends on ESG risk but not vice versa. Our analysis suggests that these relationships operate through mitigating information asymmetry and signalling borrower quality. Furthermore, matching between lenders' and borrowers' ESG profiles moderates banks’ pricing strategies, particularly in the risk dimension: ESG-aligned borrower–lender pairs are more likely to form lending relationships and secure loans at lower spreads. These findings provide new evidence on the pricing of different ESG dimensions in the loan market and highlight the role of lender–borrower ESG compatibility in shaping credit terms.
{"title":"How do borrower ESG performance and risks matter to banks?","authors":"Yaorong Liu, Yi Cao, Yizhe Dong, Zongxiao Wu","doi":"10.1016/j.bar.2025.101767","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101767","url":null,"abstract":"We examine how two distinct Environmental, social and governance (ESG) measures—disclosure-based ESG performance and event-driven ESG risks—affect the cost of bank loans. Using an international sample, we find that borrowers with higher ESG risks face significantly higher loan spreads, while stronger ESG performance is associated with lower spreads. The cost-saving effect of ESG performance depends on ESG risk but not vice versa. Our analysis suggests that these relationships operate through mitigating information asymmetry and signalling borrower quality. Furthermore, matching between lenders' and borrowers' ESG profiles moderates banks’ pricing strategies, particularly in the risk dimension: ESG-aligned borrower–lender pairs are more likely to form lending relationships and secure loans at lower spreads. These findings provide new evidence on the pricing of different ESG dimensions in the loan market and highlight the role of lender–borrower ESG compatibility in shaping credit terms.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"11 1","pages":"101767"},"PeriodicalIF":0.0,"publicationDate":"2025-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145242029","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 : 2025-09-27DOI: 10.1016/j.bar.2025.101768
Muhammad Jahangir Ali, Ghasan A. Baghdadi, Sudipta Bose
Our study examines the association between board co-option and corporate tax avoidance using a large sample of publicly listed firms in the United States (U.S.) during the period 1997–2019. We find that a positive relationship exists between co-opted directors (those who join a board after the Chief Executive Officer [CEO] takes office) and corporate tax avoidance. This result remains consistent when we utilize exogenous CEO turnover in the difference-in-differences framework. Our results are more pronounced in a subsample of firms exposed to an environment with a lower level of monitoring. We also show that, through a CEO's equity portfolio's sensitivity to changes in stock return volatility, co-option affects tax-avoidance practices within a firm. Our final test reveals that tax avoidance is not a value-creating activity which occurs when managers are poorly monitored. Our study's findings contribute to the debate on the relative costs and benefits of board co-option and have important implications for regulators, policymakers, investors, and firms.
{"title":"Does board co-option affect corporate tax avoidance?","authors":"Muhammad Jahangir Ali, Ghasan A. Baghdadi, Sudipta Bose","doi":"10.1016/j.bar.2025.101768","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101768","url":null,"abstract":"Our study examines the association between board co-option and corporate tax avoidance using a large sample of publicly listed firms in the United States (U.S.) during the period 1997–2019. We find that a positive relationship exists between co-opted directors (those who join a board after the Chief Executive Officer [CEO] takes office) and corporate tax avoidance. This result remains consistent when we utilize exogenous CEO turnover in the difference-in-differences framework. Our results are more pronounced in a subsample of firms exposed to an environment with a lower level of monitoring. We also show that, through a CEO's equity portfolio's sensitivity to changes in stock return volatility, co-option affects tax-avoidance practices within a firm. Our final test reveals that tax avoidance is not a value-creating activity which occurs when managers are poorly monitored. Our study's findings contribute to the debate on the relative costs and benefits of board co-option and have important implications for regulators, policymakers, investors, and firms.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"349 1","pages":"101768"},"PeriodicalIF":0.0,"publicationDate":"2025-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145242033","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 : 2025-09-26DOI: 10.1016/j.bar.2025.101765
Sarah Borthwick Saddler, Antonios Siganos
Using extensive datasets from New York City covering the period between 2000 and 2021, this study examines gender-based differences in spending decisions related to building modifications. We find that female owners tend to undertake fewer and less costly modifications compared to their male counterparts. On average, women spend 7 %, or $7117 less on modifications. This trend is most pronounced in recent years and in relatively less valuable buildings. Overall, our study highlights significant differences in spending behavior between genders, which are of interest to both academics and policymakers when designing future policies aimed at promoting gender equality.
{"title":"Gender differences in building modifications in New York City","authors":"Sarah Borthwick Saddler, Antonios Siganos","doi":"10.1016/j.bar.2025.101765","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101765","url":null,"abstract":"Using extensive datasets from New York City covering the period between 2000 and 2021, this study examines gender-based differences in spending decisions related to building modifications. We find that female owners tend to undertake fewer and less costly modifications compared to their male counterparts. On average, women spend 7 %, or $7117 less on modifications. This trend is most pronounced in recent years and in relatively less valuable buildings. Overall, our study highlights significant differences in spending behavior between genders, which are of interest to both academics and policymakers when designing future policies aimed at promoting gender equality.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"9 1","pages":"101765"},"PeriodicalIF":0.0,"publicationDate":"2025-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145242031","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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