Journal of International Accounting Auditing and Taxation最新文献

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Does culture influence mentoring perspectives? A comparative study of India and the U.S

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation

Pub Date : 2025-02-07 DOI: 10.1016/j.intaccaudtax.2025.100682

Tom Downen, Gaurav Gupta

Culture has been shown to influence a variety of perspectives and behaviors. And culture often varies, on average, between countries. As accounting firms and many other service-providing firms shift more outsourcing work to other countries, and especially to India, it is crucial to understand how culture might influence their work practices. One such practice is mentoring, which is critically important in the accounting profession. In this study, we examine two related associations. First, we compare the mentoring perceptions of survey respondents (who proxy for business professionals) in two culturally different countries: India and the US. After identifying significant differences between the two groups, we expand our analysis to consider the association between espoused national culture and mentoring perspectives. This study uses a large sample of survey respondents – graduate business students from the US (n = 422) and from India (n = 442) – to evaluate these relationships. Utilizing regression analyses, we find that career development and role modeling seem less important in India than in the US, whereas social support seems more important in India. These effects seem to be driven primarily by the espoused national culture dimensions of power distance for career development, collectivism for social support, and uncertainty avoidance for role modeling. Our findings have practical implications for multinational companies, including large US-based public accounting firms.

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引用次数: 0

ESG performance and cash effective tax rates: Evidence from UK listed firms

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation

Pub Date : 2025-01-28 DOI: 10.1016/j.intaccaudtax.2025.100683

Nouf Binhadab

This paper investigates the relationship between cash effective tax rates (ETRs) and environmental, social, and governance (ESG) performance using a firm level analysis of the Financial Times Stock Exchange 100 (FTSE 100) and FTSE 250 firms. The findings show a positive correlation between ESG performance and cash ETRs. The findings are robust to an instrumental variable approach that controls for the potential endogeneity between ESG performance and cash ETRs. For non-financial firms, this positive correlation between ESG performance and cash ETRs is particularly driven by the environmental aspect of ESG performance, whereas it is driven by the social and governance aspects of ESG performance for financial firms. Additional analysis indicates that the corporate social responsibility (CSR) strategy dimension, which measures a firm’s integration of CSR aspects into its daily decision making, has a positive impact on cash ETRs. The findings seem to suggest that corporate culture can influence tax strategies.

引用次数: 0

The effect of cost asymmetry on future tax avoidance

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation

Pub Date : 2025-01-17 DOI: 10.1016/j.intaccaudtax.2025.100681

Constantinos Chalevas, Dimitrios Ntounis , Orestes Vlismas

This study explores the relationship between cost asymmetry and future tax avoidance. Cost stickiness is positively associated with adjustment costs, more optimistic managerial expectations of future performance, and intense managerial empire-building behavior. We expect that higher adjustment costs will increase future requirements for internal financing via tax avoidance. Additionally, self-interested managerial behavior and managerial expectations of improved performance and higher tax burden may enhance managers’ motives to engage in tax avoidance. We find a positive relationship between the prior period’s cost stickiness and the current period’s tax avoidance using a sample of 30,923 firm-year observations of US listed companies over the 2000–2019 period. Our results are more pronounced for firms with high adjustment costs and firms with high managerial expectations of future sales. The level of accrual earnings does not seem to affect our empirical results, which remain robust to alternative measures of tax avoidance, differences rather than levels in the variables, and macroeconomic event shocks. These findings remain consistent when the data are partitioned into samples and propensity scored for cost asymmetry.

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引用次数: 0

Personal traits of CEOs and cybersecurity-related disclosure

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation

Pub Date : 2025-01-15 DOI: 10.1016/j.intaccaudtax.2025.100680

Vu Quang Trinh , Marwa Elnahass , Fotios Pasiouras

Cybersecurity attacks represent a pressing corporate risk that has shaped contemporary practice worldwide. Motivated by the increased frequency of cyberattacks experienced by corporations around the world, we examine the effect of a CEO’s personal traits (i.e., qualifications, directorships, marital status, tenure, and age) on both the propensity and the level of cybersecurity-related disclosures. Using a sample of publicly traded U.S. firms during 2002–2020, we find the following results. Firms led by CEOs who have PhDs are likely to disclose less cybersecurity information, but firms led by CEOs who serve as directors of multiple firms show higher levels of disclosure. Furthermore, longer-tenured CEOs tend to disclose less, whereas married and older CEOs disclose more. Our findings suggest that the personal traits of managers are fundamental in explaining firms’ discrepant cybersecurity disclosure practices. The results offer new insights and have important implications for national regulators across the world, international accounting bodies, and investors. They also suggest directions for future studies of strategic responses to institutional pressures and firms’ cybersecurity policies and controls.

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引用次数: 0

Does age similarity between audit committee chair and engagement partner affect audit quality?

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation

Pub Date : 2025-01-09 DOI: 10.1016/j.intaccaudtax.2025.100679

Salem Alhababsah , Alaa Alhaj-Ismail

The psychology literature suggests that individuals who are similar in age are likely to be mentally connected and similarly minded, leading to better communication and efficient information sharing. Given that the relationship between audit committee (AC) and engagement partner (EP) involves extensive interactions and information sharing with the aim to protect the integrity of financial statements, this study seeks an answer as to whether age similarity between audit committee chair (ACC) and EP affects audit quality. Using the United Kingdom (UK) FTSE350 index between 2010 and 2018, we find that ACC–EP age similarity improves accruals quality and decreases the likelihood of restatements. Beyond its contribution to the literature, this study offers valuable contribution for practitioners to consider age gap between these two persons.

引用次数: 0

Does corporate social performance influence a firm’s choice of product recall strategy?

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation

Pub Date : 2025-01-09 DOI: 10.1016/j.intaccaudtax.2025.100678

Joyce van der Laan Smith , Brandon Byunghwan Lee , Daniel Gyung Paik , Ajay Adhikari

This study examines whether firms’ choice of both the timing of a consumer product recall and the type of remedy offered are influenced by their Corporate Social Performance (CSP). Using twelve years (2008 – 2019) of manufacturer product recalls issued by the U.S. Consumer Product Safety Commission, the agency responsible forensuring the safety of domestically produced and imported consumer products, and CSP data from KLD, we provide evidence of an inverse relationship between CSP strength and proactive recalls suggesting that companies with stronger CSP delay recall announcements, mitigating the financial impact on shareholders. We find no significant relationship between firms with CSP concerns and proactive recall strategies. We also find that once a recall is initiated, firms with recognized CSP strengths provide a full remedy to consumers, repairing consumer trust. These results imply that firms with strong CSP make a balanced tradeoff between the interests of consumers and shareholders. Overall, these findings imply that CSP provides firms strategic flexibility in developing their response to product harm crises. Given the interconnected global economy, these results should be of interest not only to US regulators but also to other country regulators who work to ensure the safety of consumer products.

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引用次数: 0

Does the board of directors and their stock ownership mitigate interest payment classification shifting? UK evidence

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation

Pub Date : 2025-01-03 DOI: 10.1016/j.intaccaudtax.2024.100677

Mohamed Hessian , Alaa Mansour Zalata , Khaled Hussainey

We investigate whether the independence of the board of directors and stock ownership by outside directors and executives may limit interest payment classification shifting within the statement of cash flows. We find that such classification shifting is less prevalent in United Kingdom (UK) firms with high-quality internal governance, demonstrating that effective internal governance may serve as a substitute for rules-based accounting standards. While we find that governance mechanisms play a crucial role in mitigating this practice in both distressed and non-distressed firms, our findings are more pronounced in non-distressed firms. We also find that there is an inverted U-shaped relationship between board independence, stock ownership by managers and independent directors, and the classification shifting of interest payment. Thus, it is premature to propose that board independence and stock ownership can mitigate managerial opportunism in all cases. Indeed, our findings suggest that there are optimal independent director and ownership thresholds below which caution is required to ensure that managers remain focused on maximizing shareholder value.

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引用次数: 0

Risk driven innovation in the not so boring accountancy profession

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation

Pub Date : 2024-12-25 DOI: 10.1016/j.intaccaudtax.2024.100675

Marc Cowling , Charles A. Ambilichu , Liafisu Sina Yekini , Kamil Omoteso

The accountancy profession is in a period of dynamic innovation driven change as new information technologies reconfigure the way business is conducted and the services that accountancy firms offer to their clients. As with all innovation, there is also the potential for disruptive change with risky outcomes. However, not all businesses are willing to take on these risks. In this paper, we explore two research questions: Who is willing to take risks with their business? Also, are risk-loving accountants more likely to be innovative? Using new survey data from United Kingdom (UK) accountancy practices, we find that accountants that have an appetite for risk are significantly more likely to be innovative in both their internal processes and practices as well as externally through the development of new products, services, and markets. Further, we find that the perception of increased market competition/turbulence negatively affects product and service innovations, but not process, managerial, and marketing innovations of accountancy firms.

引用次数: 0

Editorial Publishing in JIAAT: Part 4 – Drafting the hypotheses

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation

Pub Date : 2024-12-20 DOI: 10.1016/j.intaccaudtax.2024.100676

Stergios Leventis (Editor-in-Chief)

引用次数: 0

Factors influencing the adoption of IFRS in the MENA region: A neo-institutional approach

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation

Pub Date : 2024-12-18 DOI: 10.1016/j.intaccaudtax.2024.100674

Abdulbaset Ab. Klish , Moade Shubita , Kamil Omoteso , Junjie Wu

This study examines the factors shaping the choices of countries in the Middle East and North Africa (MENA) region in adopting International Financial Reporting Standards (IFRS), using a neo-institutional isomorphism framework. Analyzing data from 19 countries spanning two decades (1996–2015) and comprising 380 country-year observations, this research reveals that internal coercive and mimetic institutional pressures are key influencers behind IFRS adoption in the region. Specifically, governance quality improvement and openness to international trade emerge as crucial determinants. This highlights the predominant role of social and political contexts over economic motivations in driving IFRS adoption in the MENA region. Furthermore, the findings indicate that foreign aid and internal accounting have minimal impact on IFRS adoption in the region.

引用次数: 0

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