Journal of International Accounting Auditing and Taxation最新文献

英文中文

Self-regulation and self-presentation in sustainability reporting: Evidence from firms’ voluntary water disclosure 可持续发展报告中的自我规制和自我表现：来自企业自愿披露水资源信息的证据

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation

Pub Date : 2025-02-25 DOI: 10.1016/j.intaccaudtax.2025.100684

Siwen Liu , Hans van der Heijden

This study examines factors that influence sustainability disclosure decisions using two alternative theoretical frameworks of sustainability reporting: self-regulation theory and self-presentation theory. This study focuses on water disclosure, a key dimension of sustainability reporting, which despite the importance of water, has received relatively little theoretical and empirical attention. Using a large dataset from an established global water survey from 2010 to 2020, we document supportive evidence for the positive relationships between voluntary water disclosure and several self-regulation mechanisms, such as policies and actions on water efficiency and emission reductions. In addition, we use ‘water-to-add-value’ measures as supplementary proxies for corporate water efficiency. We find that firms with high water efficiency are more likely to disclose water information in the global water survey, which suggests that these firms showcase their good water performance to key stakeholders proactively. Conversely, firms with low water efficiency are less likely to respond to the survey, suggesting that this may be done to maintain an existing corporate image. Our theoretical contribution to accounting literature is the novel integration of self-regulation and self-presentation theory and its application to water disclosure. Our findings suggest that firms disclose water performance data strategically to present a favorable image of corporate water stewardship, providing support for assertive self-presentation behavior.

本研究利用可持续发展报告的两种理论框架：自我规制理论和自我呈现理论，探讨了影响可持续发展信息披露决策的因素。本研究侧重于水信息披露，这是可持续发展报告的一个关键维度，尽管水很重要，但理论和实证的关注相对较少。利用2010年至2020年全球水资源调查的大型数据集，我们记录了水资源自愿披露与若干自我调节机制（如水资源效率和减排的政策和行动）之间正相关的支持性证据。此外，我们使用“水-附加值”指标作为企业用水效率的补充指标。我们发现，在全球水资源调查中，水资源效率高的企业更有可能披露水资源信息，这表明这些企业主动向关键利益相关者展示了其良好的水资源绩效。相反，用水效率低的公司不太可能对调查做出回应，这表明这样做可能是为了保持现有的企业形象。我们对会计文献的理论贡献是自我调节和自我呈现理论的新颖整合及其在水信息披露中的应用。我们的研究结果表明，企业战略性地披露水绩效数据，以呈现企业水管理的良好形象，为自信的自我展示行为提供支持。

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引用次数: 0

Does culture influence mentoring perspectives? A comparative study of India and the U.S 文化会影响师徒关系的观点吗？印度与美国的比较研究

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.

文化已经被证明可以影响各种各样的观点和行为。平均而言，不同国家的文化往往不同。随着会计师事务所和许多其他提供服务的公司将更多的外包工作转移到其他国家，尤其是印度，了解文化如何影响他们的工作实践是至关重要的。其中一种做法是指导，这在会计行业至关重要。在本研究中，我们考察了两个相关的关联。首先，我们比较了来自两个文化不同国家（印度和美国）的受访者（他们代表商业专业人士）对师徒关系的看法。在确定了两组之间的显著差异之后，我们扩展了我们的分析，以考虑所支持的民族文化与师徒观点之间的关联。这项研究使用了一个大样本的调查受访者——来自美国（n = 422）和印度（n = 442）的商学院研究生——来评估这些关系。利用回归分析，我们发现职业发展和角色塑造在印度似乎不如美国重要，而社会支持在印度似乎更重要。这些影响似乎主要是由职业发展的权力距离、社会支持的集体主义和角色塑造的不确定性回避所支持的民族文化维度所驱动的。我们的研究结果对跨国公司具有实际意义，包括美国大型会计师事务所。

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引用次数: 0

ESG performance and cash effective tax rates: Evidence from UK listed firms ESG绩效与现金有效税率：来自英国上市公司的证据

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.

本文研究了现金有效税率（ETRs）与环境、社会和治理（ESG）绩效之间的关系，使用了金融时报证券交易所100指数（FTSE 100）和富时250指数公司的公司层面分析。研究结果显示，ESG绩效与现金ETRs呈正相关。研究结果对于控制ESG绩效和现金ETRs之间潜在内生性的工具变量方法是稳健的。对于非金融公司来说，ESG绩效与现金ETRs之间的正相关关系主要是由ESG绩效的环境方面驱动的，而对于金融公司来说，它是由ESG绩效的社会和治理方面驱动的。进一步的分析表明，企业社会责任（CSR）战略维度（衡量企业将CSR方面纳入其日常决策的情况）对现金ETRs有积极影响。研究结果似乎表明，企业文化可以影响税收策略。

引用次数: 0

The effect of cost asymmetry on future tax avoidance 成本不对称对未来避税的影响

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.

本研究探讨了成本不对称与未来避税之间的关系。成本粘性与调整成本、对未来绩效更乐观的管理预期和强烈的管理帝国建设行为呈正相关。我们预计，更高的调整成本将增加未来通过避税进行内部融资的需求。此外，自利的管理行为和管理者对提高绩效和增加税负的期望可能会增强管理者从事避税的动机。通过对2000-2019年期间30,923家美国上市公司的年度观察样本，我们发现前期成本粘性与当期避税之间存在正相关关系。我们的结果对于调整成本高的公司和对未来销售有高管理期望的公司更为明显。应计收益的水平似乎并不影响我们的实证结果，它对避税的替代措施、变量的差异而不是水平和宏观经济事件冲击保持稳健。当数据被分割成样本并对成本不对称进行倾向评分时，这些发现仍然一致。

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引用次数: 0

Personal traits of CEOs and cybersecurity-related disclosure ceo个人特征与网络安全相关信息披露

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.

网络安全攻击代表了一种紧迫的企业风险，影响了当今世界的实践。由于全球企业遭受网络攻击的频率日益增加，我们研究了首席执行官的个人特征（即资格、董事职位、婚姻状况、任期和年龄）对网络安全相关信息披露倾向和水平的影响。以2002-2020年的美国上市公司为样本，我们发现了以下结果：拥有博士学位的ceo领导的公司披露的网络安全信息可能较少，但担任多家公司董事的ceo领导的公司披露的信息水平更高。此外，任期较长的ceo往往披露得较少，而已婚和年长的ceo披露得更多。我们的研究结果表明，管理人员的个人特征是解释公司网络安全披露实践差异的根本原因。研究结果为世界各地的国家监管机构、国际会计机构和投资者提供了新的见解，并具有重要意义。他们还为未来研究机构压力和企业网络安全政策和控制的战略反应提出了方向。

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引用次数: 0

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.

心理学文献表明，年龄相仿的人很可能在心理上有联系，思想上也相似，从而更好地沟通和有效地分享信息。鉴于审计委员会（ACC）和审计合伙人（EP）之间的关系涉及广泛的互动和信息共享，目的是保护财务报表的完整性，本研究旨在回答审计委员会主席（ACC）和审计合伙人之间的年龄相似性是否会影响审计质量。使用2010年至2018年的英国FTSE350指数，我们发现ACC-EP年龄相似性提高了应计质量，降低了重述的可能性。除了对文献的贡献外，本研究为从业者考虑这两个人的年龄差距提供了宝贵的贡献。

引用次数: 0

Does corporate social performance influence a firm’s choice of product recall strategy? 企业社会绩效是否影响企业产品召回策略的选择？

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.

本研究考察了企业对消费者产品召回时间和补救措施类型的选择是否受到企业社会绩效（CSP）的影响。利用美国消费品安全委员会（负责保证国内生产和进口消费品安全的机构）发布的12年（2008年至2019年）制造商产品召回数据，以及KLD的CSP数据，我们提供了CSP强度与主动召回之间呈反比关系的证据，表明CSP较强的公司推迟召回公告，减轻了对股东的财务影响。我们发现存在CSP问题的公司与主动召回策略之间没有显著的关系。我们还发现，一旦发起召回，具有公认的CSP优势的公司为消费者提供了充分的补救措施，修复了消费者的信任。这些结果表明，具有强大CSP的公司在消费者利益和股东利益之间做出了平衡的权衡。总体而言，这些发现表明，CSP为企业提供了战略灵活性，以发展他们对产品危害危机的反应。鉴于相互关联的全球经济，这些结果不仅应引起美国监管机构的兴趣，也应引起致力于确保消费品安全的其他国家监管机构的兴趣。

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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 董事会及其持股是否缓解了利息支付分类转移？英国的证据

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.

我们研究了董事会的独立性和外部董事和高管的股权是否会限制现金流量表中的利息支付分类转移。我们发现，在拥有高质量内部治理的英国公司中，这种分类转移不那么普遍，这表明有效的内部治理可以替代基于规则的会计准则。虽然我们发现治理机制在缓解困境和非困境公司的这种做法方面发挥了至关重要的作用，但我们的发现在非困境公司中更为明显。我们还发现，董事会独立性、经理人和独立董事持股与利息支付的分类转移之间存在倒u型关系。因此，现在提出董事会独立性和股票所有权在所有情况下都能减轻管理机会主义还为时过早。事实上，我们的研究结果表明，存在最优的独立董事和所有权阈值，低于该阈值需要谨慎，以确保管理者继续专注于股东价值最大化。

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引用次数: 0

Risk driven innovation in the not so boring accountancy profession 风险驱动的创新出现在不那么无聊的会计行业

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.

会计行业正处于一个充满活力的创新驱动的变革时期，因为新的信息技术重新配置了业务开展的方式和会计师事务所为客户提供的服务。与所有创新一样，颠覆性变革也可能带来风险。然而，并非所有企业都愿意承担这些风险。在本文中，我们探讨了两个研究问题：谁愿意为他们的业务承担风险？此外，喜欢冒险的会计师更有可能创新吗？利用来自英国会计实践的新调查数据，我们发现，有风险偏好的会计师更有可能在内部流程和实践以及通过开发新产品、服务和市场进行外部创新。此外，我们发现市场竞争/动荡加剧的感知对会计师事务所的产品和服务创新产生负面影响，但对流程、管理和营销创新没有影响。

引用次数: 0

Editorial Publishing in JIAAT: Part 4 – Drafting the hypotheses 《JIAAT》社论发表：第四部分——假说的起草

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

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