Pub Date : 2026-06-01Epub Date: 2026-01-14DOI: 10.1016/j.intaccaudtax.2026.100748
Marika Carboni , Marta Degl’Innocenti , Franco Fiordelisi , Davide Salvatore Mare
While technology has the potential to enhance ethical practices, its impact is complex and poorly understood. This paper examines corporate ethical standards in digital tech–oriented firms to explore this dynamic. Using data from the World Bank Enterprise Surveys spanning 2006 through 2023, we find that technology and digitalization positively influence the adoption of environmental and social standards. However, digital tech–oriented firms exhibit lower governance standards. These results are shaped by country culture, the burden of business regulation, and the perception of the courts as obstacles to business activity. Our findings highlight the significance of broader societal influences and the quality of the business environment in determining how digital-oriented technological firms adopt ethical standards.
{"title":"The influence of digital information and technological advancement on firms’ ethical practices","authors":"Marika Carboni , Marta Degl’Innocenti , Franco Fiordelisi , Davide Salvatore Mare","doi":"10.1016/j.intaccaudtax.2026.100748","DOIUrl":"10.1016/j.intaccaudtax.2026.100748","url":null,"abstract":"<div><div>While technology has the potential to enhance ethical practices, its impact is complex and poorly understood. This paper examines corporate ethical standards in digital tech–oriented firms to explore this dynamic. Using data from the World Bank Enterprise Surveys spanning 2006 through 2023, we find that technology and digitalization positively influence the adoption of environmental and social standards. However, digital tech–oriented firms exhibit lower governance standards. These results are shaped by country culture, the burden of business regulation, and the perception of the courts as obstacles to business activity. Our findings highlight the significance of broader societal influences and the quality of the business environment in determining how digital-oriented technological firms adopt ethical standards.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100748"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146037553","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 : 2026-06-01Epub Date: 2025-12-04DOI: 10.1016/j.intaccaudtax.2025.100740
Zhangfan Cao , Steven Xianglong Chen , Yu-Lin Hsu , Edward Lee
This paper examines the influence of business strategy on firms’ discretionary disclosure of non-GAAP earnings. We find that innovation-oriented firms (i.e., prospectors) have a higher propensity of disclosing non-GAAP earnings, whereas efficiency-driven firms (i.e., defenders) are less likely to issue non-GAAP earnings. Subsequent tests reveal that the prospector managers are more likely to disclose non-GAAP earnings to ‘convert’ a GAAP loss into a non-GAAP profit and ‘meet and beat’ analyst forecasts, consistent with managers’ opportunistic use of non-GAAP earnings as a strategic device to engage in impression management. To corroborate the managerial opportunism behind non-GAAP earnings disclosure, we test the quality of non-GAAP exclusions and find that the managerial exclusions by prospectors are of lower quality. Cross-sectional analyses indicate that the positive relationship between business strategy and non-GAAP earnings disclosure is more pronounced amongst firms with higher levels of prior accruals management, firms facing higher agency costs, and firms with higher managerial ability. Our results are robust to a battery of robustness tests such as triple-differences analysis based on exogenous shocks, propensity-score-matching technique, and instrumental variable approach. Overall, our study documents the role of business strategy as an intrinsic and non-financial firm characteristic in shaping the voluntary disclosure of financial information.
{"title":"Strategy typology and non-GAAP earnings disclosure","authors":"Zhangfan Cao , Steven Xianglong Chen , Yu-Lin Hsu , Edward Lee","doi":"10.1016/j.intaccaudtax.2025.100740","DOIUrl":"10.1016/j.intaccaudtax.2025.100740","url":null,"abstract":"<div><div>This paper examines the influence of business strategy on firms’ discretionary disclosure of non-GAAP earnings. We find that innovation-oriented firms (i.e., prospectors) have a higher propensity of disclosing non-GAAP earnings, whereas efficiency-driven firms (i.e., defenders) are less likely to issue non-GAAP earnings. Subsequent tests reveal that the prospector managers are more likely to disclose non-GAAP earnings to ‘convert’ a GAAP loss into a non-GAAP profit and ‘meet and beat’ analyst forecasts, consistent with managers’ opportunistic use of non-GAAP earnings as a strategic device to engage in impression management. To corroborate the managerial opportunism behind non-GAAP earnings disclosure, we test the quality of non-GAAP exclusions and find that the managerial exclusions by prospectors are of lower quality. Cross-sectional analyses indicate that the positive relationship between business strategy and non-GAAP earnings disclosure is more pronounced amongst firms with higher levels of prior accruals management, firms facing higher agency costs, and firms with higher managerial ability. Our results are robust to a battery of robustness tests such as triple-differences analysis based on exogenous shocks, propensity-score-matching technique, and instrumental variable approach. Overall, our study documents the role of business strategy as an intrinsic and non-financial firm characteristic in shaping the voluntary disclosure of financial information.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100740"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145747269","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 : 2026-06-01Epub Date: 2026-01-13DOI: 10.1016/j.intaccaudtax.2026.100750
Kurt A. Desender, Mónica LópezPuertas-Lamy
Cybersecurity risk poses a growing threat to business operations and financial reporting integrity. This study explores whether board gender diversity is associated with enhanced resilience to cyber threats, focusing on its relationship with the likelihood of cybersecurity incidents. Using panel data from US listed firms between 2007 and 2021, we find that gender-diverse boards are significantly less likely to report cyber incidents, with this association concentrated in boards achieving a critical mass of at least three female directors. Substantive representation, rather than symbolic inclusion, appears pivotal as female directors’ participation on key committees, particularly audit committees, is linked to stronger cybersecurity oversight. The relationship is more pronounced in firms where the Chief Executive Officer (CEO) also serves as board chair, where the top management team (TMT) is gender-diverse, and where a dedicated technology committee exists. This underscores the importance of advisory capacity and complementary governance structures. Conversely, the association weakens in boards with longer average director tenure or extensive external networks. To address endogeneity, we leverage the 2017 “Fearless Girl” campaign as a quasi-natural experiment and find consistent results using a difference-in-differences design. These findings contribute to better understanding how governance dynamics shape organizational capacity to navigate complex technological risks.
{"title":"The boardroom firewall: Gender diversity and cybersecurity","authors":"Kurt A. Desender, Mónica LópezPuertas-Lamy","doi":"10.1016/j.intaccaudtax.2026.100750","DOIUrl":"10.1016/j.intaccaudtax.2026.100750","url":null,"abstract":"<div><div>Cybersecurity risk poses a growing threat to business operations and financial reporting integrity. This study explores whether board gender diversity is associated with enhanced resilience to cyber threats, focusing on its relationship with the likelihood of cybersecurity incidents. Using panel data from US listed firms between 2007 and 2021, we find that gender-diverse boards are significantly less likely to report cyber incidents, with this association concentrated in boards achieving a critical mass of at least three female directors. Substantive representation, rather than symbolic inclusion, appears pivotal as female directors’ participation on key committees, particularly audit committees, is linked to stronger cybersecurity oversight. The relationship is more pronounced in firms where the Chief Executive Officer (CEO) also serves as board chair, where the top management team (TMT) is gender-diverse, and where a dedicated technology committee exists. This underscores the importance of advisory capacity and complementary governance structures. Conversely, the association weakens in boards with longer average director tenure or extensive external networks. To address endogeneity, we leverage the 2017 “Fearless Girl” campaign as a quasi-natural experiment and find consistent results using a difference-in-differences design. These findings contribute to better understanding how governance dynamics shape organizational capacity to navigate complex technological risks.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100750"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145975909","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}
This study investigates whether and how the presence of creditors’ simultaneous debt and equity holdings (dual ownership) affects auditors’ risk assessment and pricing decisions. Analyzing a sample of United States public firms from 2001 to 2017, we find that firms with dual holders incur higher audit fees than those without. We posit that dual holders have incentives to strategically shape the firm’s information environment to preserve their private informational advantage (information advantage channel) and to promote specific risk-taking behaviors (incentive alignment channel). These channels increase information asymmetry between a firm and outside investor, as well as the firm’s business and audit risks. Supporting this hypothesis, our findings indicate that dual-held firms have lower earnings quality and higher litigation risks. Furthermore, we find that the positive effect of dual holdings on audit fees is attenuated when the external information environment is more transparent, and is more (less) pronounced when dual holders possess more share (debt) interest than other shareholders (debtholders). This study contributes to the literature by revealing how third-party information intermediary responds to the presence of institutional dual holders. Given the growing prevalence of institutional dual holders in international markets, our findings could be of interest to practitioners and regulators worldwide.
{"title":"Does the presence of institutional dual holders affect audit pricing?","authors":"Yingwen Guo , Liang Xu , Jing Xue , Haoyi Yang , Chunqiu Zhang","doi":"10.1016/j.intaccaudtax.2026.100746","DOIUrl":"10.1016/j.intaccaudtax.2026.100746","url":null,"abstract":"<div><div>This study investigates whether and how the presence of creditors’ simultaneous debt and equity holdings (dual ownership) affects auditors’ risk assessment and pricing decisions. Analyzing a sample of United States public firms from 2001 to 2017, we find that firms with dual holders incur higher audit fees than those without. We posit that dual holders have incentives to strategically shape the firm’s information environment to preserve their private informational advantage (<em>information advantage channel</em>) and to promote specific risk-taking behaviors (<em>incentive alignment channel</em>). These channels increase information asymmetry between a firm and outside investor, as well as the firm’s business and audit risks. Supporting this hypothesis, our findings indicate that dual-held firms have lower earnings quality and higher litigation risks. Furthermore, we find that the positive effect of dual holdings on audit fees is attenuated when the external information environment is more transparent, and is more (less) pronounced when dual holders possess more share (debt) interest than other shareholders (debtholders). This study contributes to the literature by revealing how third-party information intermediary responds to the presence of institutional dual holders. Given the growing prevalence of institutional dual holders in international markets, our findings could be of interest to practitioners and regulators worldwide.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100746"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145975910","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 : 2026-06-01Epub Date: 2025-12-23DOI: 10.1016/j.intaccaudtax.2025.100744
Huiqiang Wang , Wenzhi Wu , Zheng Liu
Customer concentration could have a risk effect or a value-creation effect. Leveraging a dataset of Chinese A-share listed firms spanning 2007 to 2020, we find that higher customer concentration is positively associated with firm value. This relationship remains robust to propensity score matching, instrumental variable estimation, and a battery of robustness checks. Further analysis suggests that the value-creation effect operates through the signaling of value to external stakeholders and through improved managerial efficiency. Cross-sectional evidence indicates that this positive effect is more pronounced among non-state-owned firms, smaller firms, those in relatively less competitive positions within their industry, those located in central and western China, and those with lower levels of supply chain transparency. These findings contribute to a deeper understanding of how supplier-customer dynamics influence firm performance in emerging markets.
{"title":"Customer concentration and firm value: Evidence from China","authors":"Huiqiang Wang , Wenzhi Wu , Zheng Liu","doi":"10.1016/j.intaccaudtax.2025.100744","DOIUrl":"10.1016/j.intaccaudtax.2025.100744","url":null,"abstract":"<div><div>Customer concentration could have a risk effect or a value-creation effect. Leveraging a dataset of Chinese A-share listed firms spanning 2007 to 2020, we find that higher customer concentration is positively associated with firm value. This relationship remains robust to propensity score matching, instrumental variable estimation, and a battery of robustness checks. Further analysis suggests that the value-creation effect operates through the signaling of value to external stakeholders and through improved managerial efficiency. Cross-sectional evidence indicates that this positive effect is more pronounced among non-state-owned firms, smaller firms, those in relatively less competitive positions within their industry, those located in central and western China, and those with lower levels of supply chain transparency. These findings contribute to a deeper understanding of how supplier-customer dynamics influence firm performance in emerging markets.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100744"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145839750","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 : 2026-06-01Epub Date: 2025-12-13DOI: 10.1016/j.intaccaudtax.2025.100742
Wenbin Cao , Rong Ding , Chih-Chieh Hsieh
In this study, we examine the association between double taxation treaties (DTTs) and United States multinational enterprises’ (MNEs) disclosure of offshore activities. Using a dataset consisting of 890,746 firm-subsidiary-year observations between 1999 and 2017, we find that the establishment of DTTs reduces a firm’s voluntary disclosure of their offshore activity. Additional tests suggest that tax avoidance incentives with DTTs is one factor causing the reduction in disclosure of a firm’s offshore activity. We find that the reduction of the disclosure of offshore activity is concentrated in firms with operations in high statutory tax rate countries, lower income mobility, and a higher likelihood of using a tax shelter. Our findings have implications for policymakers and tax authorities around the world.
{"title":"Double taxation treaties and disclosure of offshore activities: evidence of tax avoidance incentive","authors":"Wenbin Cao , Rong Ding , Chih-Chieh Hsieh","doi":"10.1016/j.intaccaudtax.2025.100742","DOIUrl":"10.1016/j.intaccaudtax.2025.100742","url":null,"abstract":"<div><div>In this study, we examine the association between double taxation treaties (DTTs) and United States multinational enterprises’ (MNEs) disclosure of offshore activities. Using a dataset consisting of 890,746 firm-subsidiary-year observations between 1999 and 2017, we find that the establishment of DTTs reduces a firm’s voluntary disclosure of their offshore activity. Additional tests suggest that tax avoidance incentives with DTTs is one factor causing the reduction in disclosure of a firm’s offshore activity. We find that the reduction of the disclosure of offshore activity is concentrated in firms with operations in high statutory tax rate countries, lower income mobility, and a higher likelihood of using a tax shelter. Our findings have implications for policymakers and tax authorities around the world.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100742"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145796605","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 : 2026-06-01Epub Date: 2026-01-16DOI: 10.1016/j.intaccaudtax.2026.100749
Yanlei Zhang
Cybersecurity has become an increasingly critical challenge worldwide. Prior literature demonstrates that cybersecurity breaches can adversely affect corporate operations and financing activities. However, the understanding of how firms can proactively prepare for future cybersecurity threats remains limited. We posit that firms could intensify their tax planning efforts to reserve internal cash flow to mitigate the potential shock of future cybersecurity threats. To investigate this, we leverage the staggered adoption of data breach disclosure laws in the United States, the first country to implement this type of cybersecurity legislation, as our research setting. The enhanced disclosure requirements heighten firms’ concerns and awareness about cybersecurity risk, and we find that firms increase their tax planning following the enactment of these disclosure laws. Consistent with our theoretical arguments, this relation is more pronounced when a firm is likely to face more severe losses from data breaches, when it is more financially constrained, and when it has a higher incentive to protect shareholders’ interests. Conversely, we find that tax planning efforts diminish in firms with high levels of IT capabilities. Moreover, proactive tax planning can help mitigate the negative effects of data breaches. We also demonstrate that federal guidance on cybersecurity disclosure and the Tax Cuts and Jobs Act further stimulate firms’ tax planning activities. Overall, this study suggests that tax planning can serve as a risk-management strategy to alleviate the potential shocks associated with cybersecurity risks.
{"title":"Data breach disclosure laws and corporate tax planning activities","authors":"Yanlei Zhang","doi":"10.1016/j.intaccaudtax.2026.100749","DOIUrl":"10.1016/j.intaccaudtax.2026.100749","url":null,"abstract":"<div><div>Cybersecurity has become an increasingly critical challenge worldwide. Prior literature demonstrates that cybersecurity breaches can adversely affect corporate operations and financing activities. However, the understanding of how firms can proactively prepare for future cybersecurity threats remains limited. We posit that firms could intensify their tax planning efforts to reserve internal cash flow to mitigate the potential shock of future cybersecurity threats. To investigate this, we leverage the staggered adoption of data breach disclosure laws in the United States, the first country to implement this type of cybersecurity legislation, as our research setting. The enhanced disclosure requirements heighten firms’ concerns and awareness about cybersecurity risk, and we find that firms increase their tax planning following the enactment of these disclosure laws. Consistent with our theoretical arguments, this relation is more pronounced when a firm is likely to face more severe losses from data breaches, when it is more financially constrained, and when it has a higher incentive to protect shareholders’ interests. Conversely, we find that tax planning efforts diminish in firms with high levels of IT capabilities. Moreover, proactive tax planning can help mitigate the negative effects of data breaches. We also demonstrate that federal guidance on cybersecurity disclosure and the Tax Cuts and Jobs Act further stimulate firms’ tax planning activities. Overall, this study suggests that tax planning can serve as a risk-management strategy to alleviate the potential shocks associated with cybersecurity risks.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100749"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146037552","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 : 2026-06-01Epub Date: 2025-12-20DOI: 10.1016/j.intaccaudtax.2025.100743
Mansoor Afzali , Gonul Colak , Iftekhar Hasan , Minna Martikainen
We investigate the relationship between county-level social capital in the U.S. and asymmetric earnings timeliness (accounting conservatism). We measure social capital by the strength of civic norms and the density of social networks in a community. We find that firms headquartered in regions with higher social capital have earnings that reflect bad news more quickly than good news. Two potential mechanisms driving this connection are evident in our findings. First, the positive link between social capital and asymmetric earnings timeliness is more pronounced in firms with weaker external oversight, suggesting that social capital compensates for weaknesses in these mechanisms by discouraging managers from delaying the recognition of bad news. Second, we illustrate that firms in high social capital regions are more likely to recruit senior executives with higher asymmetric earnings timeliness coefficients. This result implies a preference for managers who adopt more conservative accounting practices. We find similar results using an international sample of firms from 21 countries. Our findings offer new insights into how local social norms influence corporate financial reporting.
{"title":"Social capital and accounting conservatism☆","authors":"Mansoor Afzali , Gonul Colak , Iftekhar Hasan , Minna Martikainen","doi":"10.1016/j.intaccaudtax.2025.100743","DOIUrl":"10.1016/j.intaccaudtax.2025.100743","url":null,"abstract":"<div><div>We investigate the relationship between county-level social capital in the U.S. and asymmetric earnings timeliness (accounting conservatism). We measure social capital by the strength of civic norms and the density of social networks in a community. We find that firms headquartered in regions with higher social capital have earnings that reflect bad news more quickly than good news. Two potential mechanisms driving this connection are evident in our findings. First, the positive link between social capital and asymmetric earnings timeliness is more pronounced in firms with weaker external oversight, suggesting that social capital compensates for weaknesses in these mechanisms by discouraging managers from delaying the recognition of bad news. Second, we illustrate that firms in high social capital regions are more likely to recruit senior executives with higher asymmetric earnings timeliness coefficients. This result implies a preference for managers who adopt more conservative accounting practices. We find similar results using an international sample of firms from 21 countries. Our findings offer new insights into how local social norms influence corporate financial reporting.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100743"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145839749","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 : 2026-06-01Epub Date: 2025-11-29DOI: 10.1016/j.intaccaudtax.2025.100739
Erekle Pirveli , Jochen Zimmermann
This study augments the literature by systematically reviewing market- and firm-level effects of International Financial Reporting Standards (IFRS) adoption over the past two decades. Drawing on 181 articles from the Scopus database, our meta-analysis applies multivariate regression and Structural Equation Modeling (SEM) to simultaneously examine the relationships between accounting quality, accounting comparability, market effects, and the findings of IFRS adoption. The results show predominantly positive effects on market outcomes, such as reduced forecast errors, increased investment flows, and improved market liquidity, whereas findings on accounting quality and comparability remain mixed. Crucially, SEM reveals that these market improvements are not primarily driven by fundamental accounting enhancements in either accounting quality or comparability. Instead, market effects exert a strong direct influence on IFRS findings, whereas accounting dimensions exhibit weaker direct and significantly negative indirect effects. These insights challenge the common assumption that market-level improvements stem from enhanced accounting fundamentals. By offering a structured and quantitative synthesis, this study strengthens methodological rigor in IFRS literature and informs future research on standard-setting outcomes.
{"title":"Twenty years of IFRS ‘success’? A systematic review of Scopus literature","authors":"Erekle Pirveli , Jochen Zimmermann","doi":"10.1016/j.intaccaudtax.2025.100739","DOIUrl":"10.1016/j.intaccaudtax.2025.100739","url":null,"abstract":"<div><div>This study augments the literature by systematically reviewing market- and firm-level effects of International Financial Reporting Standards (IFRS) adoption over the past two decades. Drawing on 181 articles from the Scopus database, our <em>meta</em>-analysis applies multivariate regression and Structural Equation Modeling (SEM) to simultaneously examine the relationships between accounting quality, accounting comparability, market effects, and the findings of IFRS adoption. The results show predominantly positive effects on market outcomes, such as reduced forecast errors, increased investment flows, and improved market liquidity, whereas findings on accounting quality and comparability remain mixed. Crucially, SEM reveals that these market improvements are not primarily driven by fundamental accounting enhancements in either accounting quality or comparability. Instead, market effects exert a strong direct influence on IFRS findings, whereas accounting dimensions exhibit weaker direct and significantly negative indirect effects. These insights challenge the common assumption that market-level improvements stem from enhanced accounting fundamentals. By offering a structured and quantitative synthesis, this study strengthens methodological rigor in IFRS literature and informs future research on standard-setting outcomes.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100739"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145693763","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 : 2026-06-01Epub Date: 2026-02-06DOI: 10.1016/j.intaccaudtax.2026.100756
Humayun Kabir
This paper provides a systematic review of the evidence regarding the International Accounting Standards Board (IASB)’s standard-setting behavior and constituent participation in its standard-setting process. This broad objective is broken down into specific research questions based on the phases of the IASB’s formal standard-setting process, and the review is structured around these questions. The sample comprises 75 research studies published from 2002 through 2023. The private interest theory informs the analysis of the evidence. The findings suggest that the IASB’s standard-setting practices and constituent participation behavior are aligned with this theory. The results indicate that three broad areas attracted the most scholarly attention: changes in the IASB’s governance and due process, constituent participation in the IASB’s standard-setting process, and constituent influence on the IASB’s standard-setting. However, several areas remain relatively underexplored, including agenda-setting, constituent positions on IASB proposals and their determinants, the arguments and language choices in comment letters, the IASB’s internal process, the arguments and language choices in International Financial Reporting Standards (IFRS), and post-implementation reviews. The evidence reviewed in this paper suggests that the IASB largely maintained its independence in standard-setting and obtained legitimacy from its constituents. Finally, the paper identifies opportunities for further enriching the literature.
{"title":"The IASB standard-setting literature: a survey of evidence and future research opportunities","authors":"Humayun Kabir","doi":"10.1016/j.intaccaudtax.2026.100756","DOIUrl":"10.1016/j.intaccaudtax.2026.100756","url":null,"abstract":"<div><div>This paper provides a systematic review of the evidence regarding the International Accounting Standards Board (IASB)’s standard-setting behavior and constituent participation in its standard-setting process. This broad objective is broken down into specific research questions based on the phases of the IASB’s formal standard-setting process, and the review is structured around these questions. The sample comprises 75 research studies published from 2002 through 2023. The private interest theory informs the analysis of the evidence. The findings suggest that the IASB’s standard-setting practices and constituent participation behavior are aligned with this theory. The results indicate that three broad areas attracted the most scholarly attention: changes in the IASB’s governance and due process, constituent participation in the IASB’s standard-setting process, and constituent influence on the IASB’s standard-setting. However, several areas remain relatively underexplored, including agenda-setting, constituent positions on IASB proposals and their determinants, the arguments and language choices in comment letters, the IASB’s internal process, the arguments and language choices in International Financial Reporting Standards (IFRS), and post-implementation reviews. The evidence reviewed in this paper suggests that the IASB largely maintained its independence in standard-setting and obtained legitimacy from its constituents. Finally, the paper identifies opportunities for further enriching the literature.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100756"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146187677","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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