Pub Date : 2026-06-01Epub Date: 2025-11-27DOI: 10.1016/j.intaccaudtax.2025.100736
Dong Chen , Yingwen Guo , Qiliang Liu , Phyllis L.L. Mo
This study examines whether academic directors on audit committees affect corporate tax avoidance. Using a sample of Chinese listed firms, we find that academic directors on audit committees reduce tax avoidance. Quantile regression analyses show that academic directors reduce tax avoidance for over-sheltered firms, but there is no evidence to support their impact on tax avoidance for under-sheltered firms. We also find that academic directors limit the use of income shifting and transfer pricing as tax avoidance strategies. Moreover, the negative relationship between academic directors and tax avoidance does not vary with the severity of agency conflicts measured by the separation of voting and cash flow rights. These results imply that academic directors are effective monitors in curbing aggressive tax avoidance, but they do not play an advisory role in tax planning, probably due to a lack of tax-related industry experience. Our results are robust to endogeneity concerns. This study contributes to the literature on board diversity and sheds light on the influence of corporate governance on tax avoidance.
{"title":"Do academic directors on audit committees affect corporate tax avoidance?","authors":"Dong Chen , Yingwen Guo , Qiliang Liu , Phyllis L.L. Mo","doi":"10.1016/j.intaccaudtax.2025.100736","DOIUrl":"10.1016/j.intaccaudtax.2025.100736","url":null,"abstract":"<div><div>This study examines whether academic directors on audit committees affect corporate tax avoidance. Using a sample of Chinese listed firms, we find that academic directors on audit committees reduce tax avoidance. Quantile regression analyses show that academic directors reduce tax avoidance for over-sheltered firms, but there is no evidence to support their impact on tax avoidance for under-sheltered firms. We also find that academic directors limit the use of income shifting and transfer pricing as tax avoidance strategies. Moreover, the negative relationship between academic directors and tax avoidance does not vary with the severity of agency conflicts measured by the separation of voting and cash flow rights. These results imply that academic directors are effective monitors in curbing aggressive tax avoidance, but they do not play an advisory role in tax planning, probably due to a lack of tax-related industry experience. Our results are robust to endogeneity concerns. This study contributes to the literature on board diversity and sheds light on the influence of corporate governance on tax avoidance.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100736"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145693764","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: 2025-11-25DOI: 10.1016/j.intaccaudtax.2025.100737
Xiaoqi Chen , Haozhe Song , Albert Tsang , Yingying Xin
In this study, we investigate the impact of board gender diversity (BGD) reforms on corporate dividend policies. Leveraging BGD reforms enacted in 45 jurisdictions around the world from 1994 to 2019 and using a staggered difference-in-differences empirical approach, we observe that firms tend to decrease their dividend payouts following these reforms. Cross-sectional analyses further reveal that the adverse effect of BGD reforms on dividends is more pronounced for firms characterized by higher agency costs, a higher level of information asymmetry, and greater reliance on external finance. The effect is also amplified when BGD policies lead to a larger increase in the number of female directors on board. Overall, these findings suggest that BGD reforms and dividend payout policies probably play a substitutive role in safeguarding the interests of external investors.
{"title":"Board gender diversity and corporate dividend policy: International evidence","authors":"Xiaoqi Chen , Haozhe Song , Albert Tsang , Yingying Xin","doi":"10.1016/j.intaccaudtax.2025.100737","DOIUrl":"10.1016/j.intaccaudtax.2025.100737","url":null,"abstract":"<div><div>In this study, we investigate the impact of board gender diversity (BGD) reforms on corporate dividend policies. Leveraging BGD reforms enacted in 45 jurisdictions around the world from 1994 to 2019 and using a staggered difference-in-differences empirical approach, we observe that firms tend to decrease their dividend payouts following these reforms. Cross-sectional analyses further reveal that the adverse effect of BGD reforms on dividends is more pronounced for firms characterized by higher agency costs, a higher level of information asymmetry, and greater reliance on external finance. The effect is also amplified when BGD policies lead to a larger increase in the number of female directors on board. Overall, these findings suggest that BGD reforms and dividend payout policies probably play a substitutive role in safeguarding the interests of external investors.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100737"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145624609","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: 2025-11-13DOI: 10.1016/j.intaccaudtax.2025.100734
Martin R.W. Hiebl , Dai Huu Nguyen
In this paper, we study the effect that incentive compensation has on meeting the stretch goals of an organization in the context of an emerging country. Our results differ from the conceptual insights into stretch goals presented by Sitkin et al. (2011), especially the suggested mechanisms and conditions that influence the facilitative and disruptive effects of stretch goals on organizational performance. By drawing on in-depth case studies of two Vietnamese organizations, we explore the potential and limitations of incentive compensation in realizing stretch goals and their facilitative and disruptive effects in an emerging-country setting. We find that apart from recent performance and the level of slack resources, incentive compensation plays an important role in influencing the facilitative and disruptive effects of using stretch goals. Our paper is among the first to explore the potential and limitations of stretch goals in an emerging-country setting, where Western management control concepts frequently face resistance from employees and other stakeholders. In addition, it is among the first to explore the role of incentive compensation in determining the effects of stretch goals on organizational performance.
本文研究了在新兴国家背景下，激励性薪酬对企业实现扩张目标的影响。我们的研究结果与Sitkin et al.（2011）提出的关于弹性目标的概念性见解不同，特别是提出了影响弹性目标对组织绩效的促进和破坏作用的机制和条件。通过对两个越南组织的深入案例研究，我们探讨了激励性薪酬在实现延伸目标方面的潜力和局限性，以及它们在新兴国家背景下的促进和破坏作用。我们发现，除了近期绩效和闲置资源水平外，激励薪酬在影响使用弹性目标的促进和破坏效应方面也起着重要作用。我们的论文是第一批在新兴国家背景下探索弹性目标的潜力和局限性的论文之一，在新兴国家，西方的管理控制概念经常面临员工和其他利益相关者的抵制。此外，它是第一个探索激励薪酬在确定弹性目标对组织绩效的影响中的作用。
{"title":"Meeting stretch goals via incentive compensation: Evidence from two emerging-country organizations","authors":"Martin R.W. Hiebl , Dai Huu Nguyen","doi":"10.1016/j.intaccaudtax.2025.100734","DOIUrl":"10.1016/j.intaccaudtax.2025.100734","url":null,"abstract":"<div><div>In this paper, we study the effect that incentive compensation has on meeting the stretch goals of an organization in the context of an emerging country. Our results differ from the conceptual insights into stretch goals presented by <span><span>Sitkin et al. (2011)</span></span>, especially the suggested mechanisms and conditions that influence the facilitative and disruptive effects of stretch goals on organizational performance. By drawing on in-depth case studies of two Vietnamese organizations, we explore the potential and limitations of incentive compensation in realizing stretch goals and their facilitative and disruptive effects in an emerging-country setting. We find that apart from recent performance and the level of slack resources, incentive compensation plays an important role in influencing the facilitative and disruptive effects of using stretch goals. Our paper is among the first to explore the potential and limitations of stretch goals in an emerging-country setting, where Western management control concepts frequently face resistance from employees and other stakeholders. In addition, it is among the first to explore the role of incentive compensation in determining the effects of stretch goals on organizational performance.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100734"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145532567","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: 2026-01-19DOI: 10.1016/j.intaccaudtax.2026.100751
Jin Jiang , Xiangyun Lu , Li Xie , Rui Ye , Peng Cheng
This study examines how two components of digital transformation (DT), DT integration and DT innovation, influence stock price synchronicity. We view this question through a corporate governance lens, drawing on dynamic capabilities theory. Using textual analysis of MD&A disclosures from Chinese listed firms from 2010 to 2021, we measure managerial attention to DT integration and innovation, revealing their distinct roles in governance. DT integration, which often generates verifiable metrics, reduces stock price synchronicity by enhancing transparency, attracting long-term institutional investors, improving financial reporting quality, and refining analyst forecasts. In contrast, soft information about DT innovation fails to mitigate opacity and increases synchronicity in weak governance environments. Cross-sectional analyses show that integration’s governance benefits persist across institutional settings, while innovation’s effects hinge on external safeguards. Our findings emphasize that DT integration, which reflects a firm’s ability to reconfigure resources for sustained competitiveness, serves as a robust governance tool to enhance market efficiency. Policymakers and firms should prioritize integration-driven strategies to foster transparency while treating innovation’s speculative narratives with caution. This research redefines DT as a dual-process phenomenon, offering actionable insights for aligning digital strategies with governance frameworks in emerging markets.
{"title":"The impact of managerial attention to digital transformation on stock price synchronicity from the dynamic capability perspective","authors":"Jin Jiang , Xiangyun Lu , Li Xie , Rui Ye , Peng Cheng","doi":"10.1016/j.intaccaudtax.2026.100751","DOIUrl":"10.1016/j.intaccaudtax.2026.100751","url":null,"abstract":"<div><div>This study examines how two components of digital transformation (DT), DT integration and DT innovation, influence stock price synchronicity. We view this question through a corporate governance lens, drawing on dynamic capabilities theory. Using textual analysis of MD&A disclosures from Chinese listed firms from 2010 to 2021, we measure managerial attention to DT integration and innovation, revealing their distinct roles in governance. DT integration, which often generates verifiable metrics, reduces stock price synchronicity by enhancing transparency, attracting long-term institutional investors, improving financial reporting quality, and refining analyst forecasts. In contrast, soft information about DT innovation fails to mitigate opacity and increases synchronicity in weak governance environments. Cross-sectional analyses show that integration’s governance benefits persist across institutional settings, while innovation’s effects hinge on external safeguards. Our findings emphasize that DT integration, which reflects a firm’s ability to reconfigure resources for sustained competitiveness, serves as a robust governance tool to enhance market efficiency. Policymakers and firms should prioritize integration-driven strategies to foster transparency while treating innovation’s speculative narratives with caution. This research redefines DT as a dual-process phenomenon, offering actionable insights for aligning digital strategies with governance frameworks in emerging markets.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100751"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146076990","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: 2026-01-08DOI: 10.1016/j.intaccaudtax.2026.100745
Jean Jinghan Chen , Xinxian Chen , Jason Zezhong Xiao
Although blockchain is an innovative and disruptive technology, it has already been adopted in accounting by some firms. However, as the current state of blockchain incorporation into financial reporting systems and its effects on firms’ financial reporting quality (FRQ) are still unknown, this gap in the literature is addressed in the current study. The obtained results show that blockchain-adopting firms have a lower incidence of material weaknesses in internal control over financial reporting, as well as issue fewer restatements and are less prone to reporting lags. Furthermore, the benefits generated from blockchain adoption are more pronounced for firms that adopt blockchain with IT expertise in their management teams. Overall, the evidence presented in this work suggests that blockchain adoption has a positive impact on FRQ.
{"title":"Does blockchain enhance financial reporting quality?","authors":"Jean Jinghan Chen , Xinxian Chen , Jason Zezhong Xiao","doi":"10.1016/j.intaccaudtax.2026.100745","DOIUrl":"10.1016/j.intaccaudtax.2026.100745","url":null,"abstract":"<div><div>Although blockchain is an innovative and disruptive technology, it has already been adopted in accounting by some firms. However, as the current state of blockchain incorporation into financial reporting systems and its effects on firms’ financial reporting quality (FRQ) are still unknown, this gap in the literature is addressed in the current study. The obtained results show that blockchain-adopting firms have a lower incidence of material weaknesses in internal control over financial reporting, as well as issue fewer restatements and are less prone to reporting lags. Furthermore, the benefits generated from blockchain adoption are more pronounced for firms that adopt blockchain with IT expertise in their management teams. Overall, the evidence presented in this work suggests that blockchain adoption has a positive impact on FRQ.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100745"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146037551","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: 2026-02-10DOI: 10.1016/j.intaccaudtax.2026.100758
Weihua Zhang , Xi Yang , Caiyue Ouyang , Xin Wang , Wenxia Ge
Focusing on superstitious beliefs about bad luck during one’s zodiac year in China, which occurs in a 12-year cycle based on a person’s birth year, we examine whether such beliefs affect audit outcomes. We find that auditors in their zodiac years are more likely to issue modified audit opinions, suggesting that they are more risk-averse in their zodiac years. Our cross-sectional analyses reveal that the effect of zodiac-year beliefs on the likelihood of issuing modified audit opinions is more pronounced for clients with high audit risk, characterized by high bankruptcy risk, lack of political connections, internal control weaknesses, and low institutional ownership, as well as for those audited by low-reputation accounting firms. We also find that engagement auditors in their zodiac years are associated with greater audit effort and reduced earnings management. Overall, our findings highlight the real consequences of zodiac-year beliefs on audit outcomes.
{"title":"Are auditors more conservative in their year of fate? evidence from zodiac-year beliefs in China","authors":"Weihua Zhang , Xi Yang , Caiyue Ouyang , Xin Wang , Wenxia Ge","doi":"10.1016/j.intaccaudtax.2026.100758","DOIUrl":"10.1016/j.intaccaudtax.2026.100758","url":null,"abstract":"<div><div>Focusing on superstitious beliefs about bad luck during one’s zodiac year in China, which occurs in a 12-year cycle based on a person’s birth year, we examine whether such beliefs affect audit outcomes. We find that auditors in their zodiac years are more likely to issue modified audit opinions, suggesting that they are more risk-averse in their zodiac years. Our cross-sectional analyses reveal that the effect of zodiac-year beliefs on the likelihood of issuing modified audit opinions is more pronounced for clients with high audit risk, characterized by high bankruptcy risk, lack of political connections, internal control weaknesses, and low institutional ownership, as well as for those audited by low-reputation accounting firms. We also find that engagement auditors in their zodiac years are associated with greater audit effort and reduced earnings management. Overall, our findings highlight the real consequences of zodiac-year beliefs on audit outcomes.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100758"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146187675","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: 2026-01-19DOI: 10.1016/j.intaccaudtax.2026.100752
Andrews Owusu , Wansu Hu , Frank Kwabi , Kamil Omoteso
Motivated by the increasing interest and the monitoring and advisory roles that a lead independent director may play to decrease managerial opportunism; we examine the relationship between monitoring or advisory lead independent directors and managerial opportunism proxied by earnings management. Using a panel data of US firms from 2001 to 2020, we find that monitoring lead independent directors rather than advisory lead independent directors is negative and significantly associated with discretionary accruals. In an additional analysis, we find that advisory rather than monitoring lead independent directors improve earnings persistence and future cash flows, suggesting that both monitoring and advisory lead independent directors play complementary roles when it comes to corporate performance/earnings quality. We also find that, regardless of the role they play within boardrooms, monitoring and advisory lead independent directors with financial expertise have a decreasing effect on discretionary accruals. These findings provide new insights and improve our understanding of how monitoring and advisory lead independent directors contribute to corporate performance in complementary ways.
{"title":"Do monitoring or advisory lead independent directors with financial expertise matter to managerial opportunism?","authors":"Andrews Owusu , Wansu Hu , Frank Kwabi , Kamil Omoteso","doi":"10.1016/j.intaccaudtax.2026.100752","DOIUrl":"10.1016/j.intaccaudtax.2026.100752","url":null,"abstract":"<div><div>Motivated by the increasing interest and the monitoring and advisory roles that a lead independent director may play to decrease managerial opportunism; we examine the relationship between monitoring or advisory lead independent directors and managerial opportunism proxied by earnings management. Using a panel data of US firms from 2001 to 2020, we find that monitoring lead independent directors rather than advisory lead independent directors is negative and significantly associated with discretionary accruals. In an additional analysis, we find that advisory rather than monitoring lead independent directors improve earnings persistence and future cash flows, suggesting that both monitoring and advisory lead independent directors play complementary roles when it comes to corporate performance/earnings quality. We also find that, regardless of the role they play within boardrooms, monitoring and advisory lead independent directors with financial expertise have a decreasing effect on discretionary accruals. These findings provide new insights and improve our understanding of how monitoring and advisory lead independent directors contribute to corporate performance in complementary ways.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100752"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146076958","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: 2026-01-21DOI: 10.1016/j.intaccaudtax.2026.100753
Mohammad Abweny , Aamina Khurram , Rizwan Ahmed , Rasmi Meqbel
This study examines whether the horizon structure (short-term vs. long-term) of incentives for a Chief Executive Officer (CEO) influences their tendency toward integrated reporting practices. Drawing from alignment incentive theory and using a sample from the United States, we find that providing CEOs with long-term incentives (stocks and options) significantly increases the integration of economic, social, and environmental sustainability considerations into their day-to-day decision-making. Conversely, our results show that short-term incentives (salary and bonuses) have a significantly negative effect. These findings remain consistent when we separately examine the influence of each component of CEO compensation on sustainability integration. Further analysis finds that firm value creation is enhanced when CEOs are incentivized with long-term rewards through their engagement in integrated reporting. However, when CEOs are incentivized with short-term rewards, value creation diminishes due to a focus on immediate results rather than strategic decision-making. The analysis also shows that CEOs with a long-term decision horizon tend to adopt integrated reporting, especially when incentivized with long-term rewards, while short-term incentives reduce this tendency.
{"title":"Chief executive officer incentives and integrated reporting practices: Evidence from the US market","authors":"Mohammad Abweny , Aamina Khurram , Rizwan Ahmed , Rasmi Meqbel","doi":"10.1016/j.intaccaudtax.2026.100753","DOIUrl":"10.1016/j.intaccaudtax.2026.100753","url":null,"abstract":"<div><div>This study examines whether the horizon structure (short-term vs. long-term) of incentives for a Chief Executive Officer (CEO) influences their tendency toward integrated reporting practices. Drawing from alignment incentive theory and using a sample from the United States, we find that providing CEOs with long-term incentives (stocks and options) significantly increases the integration of economic, social, and environmental sustainability considerations into their day-to-day decision-making. Conversely, our results show that short-term incentives (salary and bonuses) have a significantly negative effect. These findings remain consistent when we separately examine the influence of each component of CEO compensation on sustainability integration. Further analysis finds that firm value creation is enhanced when CEOs are incentivized with long-term rewards through their engagement in integrated reporting. However, when CEOs are incentivized with short-term rewards, value creation diminishes due to a focus on immediate results rather than strategic decision-making. The analysis also shows that CEOs with a long-term decision horizon tend to adopt integrated reporting, especially when incentivized with long-term rewards, while short-term incentives reduce this tendency.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100753"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146076989","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: 2026-02-01DOI: 10.1016/j.intaccaudtax.2026.100754
Bing Gong , Siyang Xu , Zhaoyi Xu , Cheng Cheng
In this paper, we document a positive effect of digital supply chain finance (SCF) provided by the Zhongzheng Accounts Receivable Financing Service Platform (ZARFS platform) on corporate sustainable development performance in China. Our findings reveal that companies joining the ZARFS platform and engaging in digital SCF significantly improve their ESG scores, enhancing sustainable development. The platform’s positive impact is more pronounced in lower competition industries, high-tech sectors, SOEs, and inland companies. Additionally, alleviating financing constraints, optimizing government-business relations, and improving information disclosure are effective channels through which the ZARFS platform boosts ESG performance. Further analysis indicates that joining the platform also reduces greenwashing behavior among companies. The results remain robust after a series of endogeneity and robustness tests, underscoring the platform’s effectiveness in promoting genuine sustainability.
{"title":"Digital supply chain finance, government-business relationship and ESG performance: Evidence from the ZARFS platform in China","authors":"Bing Gong , Siyang Xu , Zhaoyi Xu , Cheng Cheng","doi":"10.1016/j.intaccaudtax.2026.100754","DOIUrl":"10.1016/j.intaccaudtax.2026.100754","url":null,"abstract":"<div><div>In this paper, we document a positive effect of digital supply chain finance (SCF) provided by the Zhongzheng Accounts Receivable Financing Service Platform (ZARFS platform) on corporate sustainable development performance in China. Our findings reveal that companies joining the ZARFS platform and engaging in digital SCF significantly improve their ESG scores, enhancing sustainable development. The platform’s positive impact is more pronounced in lower competition industries, high-tech sectors, SOEs, and inland companies. Additionally, alleviating financing constraints, optimizing government-business relations, and improving information disclosure are effective channels through which the ZARFS platform boosts ESG performance. Further analysis indicates that joining the platform also reduces greenwashing behavior among companies. The results remain robust after a series of endogeneity and robustness tests, underscoring the platform’s effectiveness in promoting genuine sustainability.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100754"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146187674","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.2026.100755
Maarten A. Siglé , Niels van Nieuw Amerongen
Experience effects on judgment performance have been examined quite extensively in the past three decades. Although prior research revealed more and more insights into experience effects, it still remains unclear whether experience also contributes to judgment performance in a new setting. For example, when auditors need to accurately identify cybersecurity risks. In this study, we examine the generalizability of general experience from a conventional setting to a modern (i.e., cybersecurity) risk setting. We manipulate the setting in an experiment (n = 344) and find that positive effects of general experience do not necessarily translate to a high cybersecurity risk setting. More specifically, we find that positive effects of general experience hold in a low cybersecurity risk setting (i.e., a more traditional risk setting), but not in a high cybersecurity risk setting. These results are relevant to auditors in assigning team members with sufficient task-specific knowledge to the task of identification of information technology (IT) relevant risks. Future research can develop insights as to what represents ‘sufficient’ task-specific knowledge in the rapidly developing domain of technology.
{"title":"Experimental evidence of experience effects on auditors’ identification of traditional and cybersecurity risks","authors":"Maarten A. Siglé , Niels van Nieuw Amerongen","doi":"10.1016/j.intaccaudtax.2026.100755","DOIUrl":"10.1016/j.intaccaudtax.2026.100755","url":null,"abstract":"<div><div>Experience effects on judgment performance have been examined quite extensively in the past three decades. Although prior research revealed more and more insights into experience effects, it still remains unclear whether experience also contributes to judgment performance in a new setting. For example, when auditors need to accurately identify cybersecurity risks. In this study, we examine the generalizability of general experience from a conventional setting to a modern (i.e., cybersecurity) risk setting. We manipulate the setting in an experiment (<em>n</em> = 344) and find that positive effects of general experience do not necessarily translate to a high cybersecurity risk setting. More specifically, we find that positive effects of general experience hold in a low cybersecurity risk setting (i.e., a more traditional risk setting), but not in a high cybersecurity risk setting. These results are relevant to auditors in assigning team members with sufficient task-specific knowledge to the task of identification of information technology (IT) relevant risks. Future research can develop insights as to what represents ‘sufficient’ task-specific knowledge in the rapidly developing domain of technology.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"60 ","pages":"Article 100755"},"PeriodicalIF":3.7,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146187676","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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