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}
Pub Date : 2025-09-20DOI: 10.1016/j.bar.2025.101750
Yi Jin, Saiying Deng, Xiaoling Pu, Zhaobo Zhu
We examine how carbon emissions affect bank risk using a sample of global banks. We find that carbon emissions are associated with higher bank risk measured by the net loan charge off ratio and risk weighted asset ratio. The baseline results still hold with addressing endogeneity issues and other robustness checks. Furthermore, we document that banks making more (less) brown (green) loans and the less development and adoption of climate adaptation technology are two underlying economic mechanisms for the positive relationship between carbon emissions and bank risk. Cross sectional tests show that the impact of carbon emissions on bank credit risk is more pronounced in countries with greater climate policy uncertainty and more regulatory scrutiny. On the other hand, central bank green policies related to capital requirement, climate risk disclosure, and green taxonomy/subsidy mitigate the effect of carbon emissions on bank credit risk. Our empirical results have important implications for banks, regulators, and central banks.
{"title":"Carbon emissions and bank risk around the world","authors":"Yi Jin, Saiying Deng, Xiaoling Pu, Zhaobo Zhu","doi":"10.1016/j.bar.2025.101750","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101750","url":null,"abstract":"We examine how carbon emissions affect bank risk using a sample of global banks. We find that carbon emissions are associated with higher bank risk measured by the net loan charge off ratio and risk weighted asset ratio. The baseline results still hold with addressing endogeneity issues and other robustness checks. Furthermore, we document that banks making more (less) brown (green) loans and the less development and adoption of climate adaptation technology are two underlying economic mechanisms for the positive relationship between carbon emissions and bank risk. Cross sectional tests show that the impact of carbon emissions on bank credit risk is more pronounced in countries with greater climate policy uncertainty and more regulatory scrutiny. On the other hand, central bank green policies related to capital requirement, climate risk disclosure, and green taxonomy/subsidy mitigate the effect of carbon emissions on bank credit risk. Our empirical results have important implications for banks, regulators, and central banks.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2025-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145181291","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 : 2025-09-18DOI: 10.1016/j.bar.2025.101748
Yuqi Han, Chi Zhang
We study the relation between social media analysts and IPO underpricing. Employing research articles posted on Seeking Alpha, we find that IPOs with social media analyst pre-IPO coverage exhibit 19 % higher initial returns than IPOs without. Social media analyst coverage stimulates attention from both institutional investors and retail investors, which associates with greater IPO underpricing. Running textual analysis, we find that only bullish research articles by social media analysts can drive up IPO underpricing, while bearish research articles have no symmetric effect on underpricing. Overall, our study highlights the prominence of social media analysts in the capital market, when the insiders and sell-side analysts are mandated to keep quiet about the IPO firms.
{"title":"Social media analysts, investor attention, and IPO underpricing","authors":"Yuqi Han, Chi Zhang","doi":"10.1016/j.bar.2025.101748","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101748","url":null,"abstract":"We study the relation between social media analysts and IPO underpricing. Employing research articles posted on Seeking Alpha, we find that IPOs with social media analyst pre-IPO coverage exhibit 19 % higher initial returns than IPOs without. Social media analyst coverage stimulates attention from both institutional investors and retail investors, which associates with greater IPO underpricing. Running textual analysis, we find that only bullish research articles by social media analysts can drive up IPO underpricing, while bearish research articles have no symmetric effect on underpricing. Overall, our study highlights the prominence of social media analysts in the capital market, when the insiders and sell-side analysts are mandated to keep quiet about the IPO firms.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"31 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2025-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145093747","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 : 2025-08-28DOI: 10.1016/j.bar.2025.101743
Paula Hill, Gerald J. Lobo, Shuo Wang
We propose a method of measuring the comparability of reported accounting numbers from the perspective of creditors. Our measure reflects the relationship between market variables related to default probabilities and key accounting numbers of interest to lenders. We demonstrate that our measure captures the mapping between the market variables and the accounting system and that the values are consistent with expected differences in comparability in a range of tests and settings. We employ this measure to determine the impact of comparability in the US primary bond market and find that it has a negative and significant relationship with the spread of credit rating assessments of new bond issues. We also show that new bond issues of firms with superior comparability have better credit ratings and reduced bond yields, ceteris paribus. We find that the benefits of our lender-focused, balance-sheet-based comparability measure to the public bond market are robust to controlling for the earnings-based financial statement comparability measure of De Franco et al. (2011), and independent of economic similarities between firm pairs. Our findings are commensurate with comparability reducing the information uncertainty surrounding credit risk assessments derived from a firm's financial information.
{"title":"Financial reporting comparability in US firms issuing debt in the US primary market","authors":"Paula Hill, Gerald J. Lobo, Shuo Wang","doi":"10.1016/j.bar.2025.101743","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101743","url":null,"abstract":"We propose a method of measuring the comparability of reported accounting numbers from the perspective of creditors. Our measure reflects the relationship between market variables related to default probabilities and key accounting numbers of interest to lenders. We demonstrate that our measure captures the mapping between the market variables and the accounting system and that the values are consistent with expected differences in comparability in a range of tests and settings. We employ this measure to determine the impact of comparability in the US primary bond market and find that it has a negative and significant relationship with the spread of credit rating assessments of new bond issues. We also show that new bond issues of firms with superior comparability have better credit ratings and reduced bond yields, ceteris paribus. We find that the benefits of our lender-focused, balance-sheet-based comparability measure to the public bond market are robust to controlling for the earnings-based financial statement comparability measure of De Franco et al. (2011), and independent of economic similarities between firm pairs. Our findings are commensurate with comparability reducing the information uncertainty surrounding credit risk assessments derived from a firm's financial information.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"50 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2025-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145009027","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 : 2025-08-21DOI: 10.1016/j.bar.2025.101733
Zuben Jin
This study addresses the pressing issue of widespread unethical conduct among financial advisors, impacting both households and the broader economy. Utilizing a panel dataset of U.S. investment advisors and natural disaster occurrences, this research underscores a significant positive link between experiences of natural disasters and the likelihood of financial advisor misconduct. Notably, experiences with less severe disasters appear to drive the increase in misconduct. These experiences may boost advisors’ perceived confidence in handling risk, which in turn amplifies their risk-taking tendencies and leads to unethical behavior. Furthermore, instrumental variable and Difference-in-Differences analysis mitigates endogeneity concerns, and robustness tests and placebo analyses reinforce the credibility of the findings. Additionally, at the aggregate firm-branch level, our study demonstrates that advisors with more disaster experiences correlate with higher branch misconduct rates. Overall, this study offers insights into the intricate interplay of external shocks, risk appetite, and misconduct tendencies in the realm of financial advisory services.
{"title":"Riding the storm: How natural disasters shape financial advisor misconduct?","authors":"Zuben Jin","doi":"10.1016/j.bar.2025.101733","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101733","url":null,"abstract":"This study addresses the pressing issue of widespread unethical conduct among financial advisors, impacting both households and the broader economy. Utilizing a panel dataset of U.S. investment advisors and natural disaster occurrences, this research underscores a significant positive link between experiences of natural disasters and the likelihood of financial advisor misconduct. Notably, experiences with less severe disasters appear to drive the increase in misconduct. These experiences may boost advisors’ perceived confidence in handling risk, which in turn amplifies their risk-taking tendencies and leads to unethical behavior. Furthermore, instrumental variable and Difference-in-Differences analysis mitigates endogeneity concerns, and robustness tests and placebo analyses reinforce the credibility of the findings. Additionally, at the aggregate firm-branch level, our study demonstrates that advisors with more disaster experiences correlate with higher branch misconduct rates. Overall, this study offers insights into the intricate interplay of external shocks, risk appetite, and misconduct tendencies in the realm of financial advisory services.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"44 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2025-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144898886","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 : 2025-08-20DOI: 10.1016/j.bar.2025.101742
Alnoor Bhimani, Lino Cinquini, Teemu Malmi
Organisations adopting digital technologies are seeing alterations in the structure and nature of data they track and process. Within this landscape of change, accounting systems tend to focus on the collection and aggregation of financial transaction data and the provision of quantitative and non-financial information to support decision-making processes. Evidence is, however, emerging that accounting controls and financial reporting are being reshaped in digitalising environments. We consider a number of accounting issues tied to the intersection of digitalisation and organisational processes highlighting the control implications of these changes. We identify related research possibilities and discuss the value of methodological pluralism in studying accounting in digitalising contexts.
{"title":"What happens at the interface of digitalisation and accounting?","authors":"Alnoor Bhimani, Lino Cinquini, Teemu Malmi","doi":"10.1016/j.bar.2025.101742","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101742","url":null,"abstract":"Organisations adopting digital technologies are seeing alterations in the structure and nature of data they track and process. Within this landscape of change, accounting systems tend to focus on the collection and aggregation of financial transaction data and the provision of quantitative and non-financial information to support decision-making processes. Evidence is, however, emerging that accounting controls and financial reporting are being reshaped in digitalising environments. We consider a number of accounting issues tied to the intersection of digitalisation and organisational processes highlighting the control implications of these changes. We identify related research possibilities and discuss the value of methodological pluralism in studying accounting in digitalising contexts.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"44 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2025-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144898929","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 : 2025-08-18DOI: 10.1016/j.bar.2025.101740
Amanda Acintya, Galina Goncharenko, Susan Smith, Sumohon Matilal
Drawing on Actor-Network Theory (ANT) and the concept of translation (Callon, 1984), this study examines the construction of accountability, which revolves around the interactions between a non-governmental organisation (NGO) and its stakeholder groups. As NGOs were forced to alter their modus operandi to survive the COVID-19 pandemic while maintaining accountability, we set an ethnographic field study in an Indonesian NGO to follow its digitalisation journey. Our findings offer an insight into heterogeneous and intricate processes of NGO accountability construction, supported by digitalisation, predicated upon the various organisational actors in the NGO network. Our findings reveal how each actor rationalises distinct mechanisms, driven by the urgency and unpredictability of evolving conditions, and these actions together collectively shape the construction of the NGO's accountability. Our study demonstrates that the construction of NGO accountability extends beyond the traditional view of a dyadic and closed relationship between an NGO and its stakeholder groups but emerges from the networked interactions and relationships among a diverse array of stakeholders; thus, it underscores the layered and interconnected nature of accountability. Furthermore, by uncovering the social dynamics underpinning technology use, this study offers valuable insights into accountability technologies, particularly in response to extraordinary situations.
{"title":"A networked perspective on NGO accountability in the digital realm","authors":"Amanda Acintya, Galina Goncharenko, Susan Smith, Sumohon Matilal","doi":"10.1016/j.bar.2025.101740","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101740","url":null,"abstract":"Drawing on Actor-Network Theory (ANT) and the concept of translation (Callon, 1984), this study examines the construction of accountability, which revolves around the interactions between a non-governmental organisation (NGO) and its stakeholder groups. As NGOs were forced to alter their <ce:italic>modus operandi</ce:italic> to survive the COVID-19 pandemic while maintaining accountability, we set an ethnographic field study in an Indonesian NGO to follow its digitalisation journey. Our findings offer an insight into heterogeneous and intricate processes of NGO accountability construction, supported by digitalisation, predicated upon the various organisational actors in the NGO network. Our findings reveal how each actor rationalises distinct mechanisms, driven by the urgency and unpredictability of evolving conditions, and these actions together collectively shape the construction of the NGO's accountability. Our study demonstrates that the construction of NGO accountability extends beyond the traditional view of a dyadic and closed relationship between an NGO and its stakeholder groups but emerges from the networked interactions and relationships among a diverse array of stakeholders; thus, it underscores the layered and interconnected nature of accountability. Furthermore, by uncovering the social dynamics underpinning technology use, this study offers valuable insights into accountability technologies, particularly in response to extraordinary situations.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"47 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2025-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144898933","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 : 2025-08-13DOI: 10.1016/j.bar.2025.101739
Elena Giovannoni, Christian Huber
‘Net-Zero’ and ‘Nature-Positive’ are two compelling global goals for Nature. But what is the nature of Nature, and what should a Management Control system for Nature look like? We discuss these questions by commenting on the extant accounting literature on global goals for Nature and accounting's contribution to achieving them. We start with a reflection on the idea of ‘Zero’ both as a number and an abstraction offering infinite possible combinations in a simultaneously negative and positive world, and we comment on the role of accounting numbers and calculations in relation to Nature – not only as an ecosystem of interconnected elements, ultimately leading to Net-Zero or Nature-Positive outcomes, but also in its more mysterious and enchanting traits, as part of a ‘more than human’ world. We outline four possible areas of enquiry for Management Control scholars, looking into the tensions between measurement precision and intervention; micro and macro objects or spaces of intervention; positive and negative interventions ultimately leading to Net-Zero and Nature-Positive; rigorously estimated projections and imaginative Management Control. We call for accounting scholars to start new enquiries into these areas, moving beyond a concern about how to calculate, and instead shifting the focus towards embracing a more Nature-based, future-oriented, maybe even imaginative and ‘more than human’, approach to Management Control for Nature.
{"title":"Management Control for Nature: Beyond Net-Zero and Nature-Positive","authors":"Elena Giovannoni, Christian Huber","doi":"10.1016/j.bar.2025.101739","DOIUrl":"https://doi.org/10.1016/j.bar.2025.101739","url":null,"abstract":"‘Net-Zero’ and ‘Nature-Positive’ are two compelling global goals for Nature. But what is the nature of Nature, and what should a Management Control system for Nature look like? We discuss these questions by commenting on the extant accounting literature on global goals for Nature and accounting's contribution to achieving them. We start with a reflection on the idea of ‘Zero’ both as a number and an abstraction offering infinite possible combinations in a simultaneously negative and positive world, and we comment on the role of accounting numbers and calculations in relation to Nature – not only as an ecosystem of interconnected elements, ultimately leading to Net-Zero or Nature-Positive outcomes, but also in its more mysterious and enchanting traits, as part of a ‘more than human’ world. We outline four possible areas of enquiry for Management Control scholars, looking into the tensions between measurement precision and intervention; micro and macro objects or spaces of intervention; positive and negative interventions ultimately leading to Net-Zero and Nature-Positive; rigorously estimated projections and imaginative Management Control. We call for accounting scholars to start new enquiries into these areas, moving beyond a concern about <ce:italic>how to</ce:italic> calculate, and instead shifting the focus towards embracing a more Nature-based, future-oriented, maybe even imaginative and ‘more than human’, approach to Management Control for Nature.","PeriodicalId":501001,"journal":{"name":"The British Accounting Review","volume":"41 1","pages":"101739"},"PeriodicalIF":0.0,"publicationDate":"2025-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144924001","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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