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Nexus between profitability, firm size and leverage and tax avoidance: evidence from an emerging economy Asian Review of Accounting Pub Date : 2024-02-13 Md Shamim Hossain, Md.Sobhan Ali, Md Zahidul Islam, Chui Ching Ling, Chorng Yuan Fung
Purpose This study examines the impact of profitability, firm size and leverage on corporate tax avoidance in Bangladesh, an emerging South Asian economy. Design/methodology/approach A balanced panel data of 62 firms from Dhaka and Chittagong stock exchanges in Bangladesh from 2009 to 2020 were used to run the regression. This study employed the fully modified ordinary least squares (FMOLS) and dynamic
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Blockchain technology roles to overcome accounting, accountability and assurance barriers in supply chain finance Asian Review of Accounting Pub Date : 2024-01-16 Arief Rijanto
Purpose Know your customer (KYC), accounting standards, issuance, clearing, and trade settlement became the major barrier to implement accounting, accountability and assurance process in supply chain finance (SCF). Blockchain technology features have the potential to solve accounting problems. This research focuses on exploring how blockchain technology provides solutions to overcome the barriers of
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Mitigating overinvestment in Japanese zombie firms: the role of foreign ownership and earnings quality Asian Review of Accounting Pub Date : 2024-01-04 Takehide Ishiguro, Akihiro Yamada
Purpose This study investigates the relationship between foreign ownership, earnings quality and overinvestment in Japanese zombie firms. Design/methodology/approach The study makes use of data from Japanese firms listed on the first section of the Tokyo Stock Exchange from 2009 to 2019. The study employs logistic and multinomial logistic models to test whether the overinvestment behavior of zombie
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The effects of situational and dispositional factors on audit quality threatening behaviour: exploring the moderating influence of religiosity Asian Review of Accounting Pub Date : 2023-12-14 Shilin Liu, Noor Adwa Sulaiman, Suhaily Shahimi
Purpose Using attribution theory, this study examined the effects of situational factors [time budget pressure (TBP), organisational ethical culture (OEC) and quality control procedures (QCPs)] and dispositional factors [auditor professional commitment (APC) and internal locus of control (ILOC)] on audit quality threatening behaviour (AQTB). In addition, it observed the moderating role of religiosity
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The moderating role of CSR in the relationship between earnings management and cost of equity: evidence from European ESG data Asian Review of Accounting Pub Date : 2023-12-15 Yamina Chouaibi, Rim Zouari-Hadiji, Sawssen Khlifi
Purpose The present work aimed to identify the impact of accrual-based earnings management on the cost of equity (KE) through corporate social responsibility (CSR) as a moderating variable on European Environmental, Social, and Governance (ESG) companies. Design/methodology/approach The authors used data from a sample of 366 European firms over the 2012–2022 period. The data were collected from the
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A survey study of Iraqi auditors' adoption of blockchain technology Asian Review of Accounting Pub Date : 2023-11-27 Rasha H. Majeed, Alaa A.D. Taha
Purpose This paper seeks to investigate the factors influencing auditors' behavioural intentions towards blockchain technology (BT) adoption in Iraqi government banks. It also highlights the relationships between these factors to determine if the proposed model can provide a more comprehensive means of comprehending how auditors in government banks have adopted BT. Design/methodology/approach The study
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The external organizational environment and its impact on strategic management accounting practices: an empirical investigation Asian Review of Accounting Pub Date : 2023-11-24 Md. Mamunur Rashid, Dewan Mahboob Hossain, Md. Saiful Alam
Purpose This study aims to investigate the impact of organizational external environmental factors on strategic management accounting (SMA) usage in an emerging economy. Design/methodology/approach The study collected data from 79 public limited companies listed with the Dhaka Stock Exchange (Bangladesh) through a questionnaire survey. Multiple regression analysis is employed to test the impact of
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Busy CEO and financial statement footnotes readability: evidence from Indonesia Asian Review of Accounting Pub Date : 2023-11-23 Iman Harymawan, Melinda Cahyaning Ratri, Eka Sari Ayuningtyas
Purpose This study aims to investigate the correlation between a CEO's business background and the readability of financial statement footnotes in Indonesia. Design/methodology/approach This study utilizes a sample period spanning from 2010 to 2018 and employs various statistical tests, including Propensity Score Matching (PSM), Coarsened Exact Matching (CEM) and the Heckman Model, to demonstrate that
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Justice, power and voluntary tax compliance: a moderation analysis among taxpayers in Addis Ababa, Ethiopia Asian Review of Accounting Pub Date : 2023-11-23 Lemessa Bayissa Gobena
Purpose The aim of this study was to examine the moderating roles of the legitimate power and distributive justice of the tax authority on the effect of procedural justice on the voluntary tax compliance of taxpayers in Addis Ababa, the capital of Ethiopia, by using survey data collected from taxpayers in the city. Design/methodology/approach Data for the study were collected from 800 sample taxpayers
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Factors that affect the application of integrated report in listed companies in Vietnam Asian Review of Accounting Pub Date : 2023-11-13 Anh Thi Kim Vu, Ngoc Thi Bui, Du Thi Tran
Purpose This study aims to apply the theory of planned behavior, the theory of stakeholders, the theory of technology acceptance to evaluate the factors that affect the application of integrated reporting in Vietnamese listed companies. Design/methodology/approach Quantitative research method was used through survey questionnaire. Research data is collected from 144 directors, accountants, administrators
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Renovation in environmental, social and governance (ESG) research: the application of machine learning Asian Review of Accounting Pub Date : 2023-11-10 Abby Yaqing Zhang, Joseph H. Zhang
Purpose Environmental, social and governance (ESG) factors have become increasingly important in investment decisions, leading to a surge in ESG investing and the rise of sustainable investment assets. Nevertheless, challenges in ESG disclosure, such as quantifying unstructured data, lack of guidelines and comparability, rampantly exist. ESG rating agencies play a crucial role in assessing corporate
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Discussion of busy CEO and financial statement footnotes readability: evidence from Indonesia Asian Review of Accounting Pub Date : 2023-11-06 Li Yao
Purpose This paper aims to discuss Harymawan et al. (2023) and suggest a few areas for improvement. Design/methodology/approach This paper critically assesses Harymawan et al.’s (2023) position in the extant literature and discusses pertinent aspects. Findings This paper's primary focus is on Harymawan et al.’s (2023) conceptual development, especially chief executive officers' (CEOs) role in footnote
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A global review of the literature on and proxies of busy boards and audit committees Asian Review of Accounting Pub Date : 2023-11-02 Yeut Hong Tham
Purpose This study comprehensively reviews the global literature on busy boards and audit committees. Design/methodology/approach Six eight articles on busy boards and audit committees from prominent accounting journals are reviewed and analyzed under the “reputation” and “busyness” premise. Findings Most studies advocating the “reputation” hypothesis have the consensus that busy directors have their
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Tone complexity and analyst forecast behaviors: evidence from earnings conference calls Asian Review of Accounting Pub Date : 2023-10-31 Kyungeun Kwon, Mi Zhou, Tawei Wang, Xu Cheng, Zhilei Qiao
Purpose Both the SEC (Securities and Exchange Commission) and the popular press have routinely criticized firms for the complexity of their financial disclosures. This study aims to investigate how financial analysts respond to the tone complexity of firm disclosures. Design/methodology/approach Using approximately 20,000 earnings conference call transcripts of S&P 1,500 firms between 2005 and 2015
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Discussion of “the functional background of the compensation committee chair: the choice and weight of performance measures in CEO compensation” Asian Review of Accounting Pub Date : 2023-10-24 Stephen Gong
Purpose Nwaeze and Kalelkar (2023) examine the association between the functional background of the compensation committee chair (CC chair) and CEO compensation using S&P 500 firms from 2008 to 2018. They find that the CC chair's functional background is positively associated with the adoption of performance measures that are more aligned with such background. This discussion starts with Nwaeze and
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Shrinking the capital costs and beta risk impediments through ESG: study of an emerging market Asian Review of Accounting Pub Date : 2023-10-24 Santushti Gupta, Divya Aggarwal
Purpose This study aims to empirically examine environment, social, and governance (ESG) as an effective strategy to reduce major impediments for a corporation in the form of costs of capital (COC) and systematic risk, especially for emerging markets such as India. Design/methodology/approach A sample of 114 Indian firms from eight prominent industries based on Thomson Reuters classification (TRBC)
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Listing on environmental, social and governance index and financial distress: does the difference-in-differences matter? Asian Review of Accounting Pub Date : 2023-10-20 Kuldeep Singh
Purpose Environmental, social and governance (ESG) issues have become the cornerstone of investment decisions in firms today. With that, publicly traded ESG indices (like the BSE ESG 100 index in India) have come into existence. The existing literature signifies that ESG generates financial implications and induces stability. The current study aims to test whether the firms listed on the ESG index
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Temporal changes of compassion in accounting and business students in an English course: a longitudinal study in higher education Asian Review of Accounting Pub Date : 2023-10-20 Arash Arianpoor, Elham Yazdanmehr, Majid Elahi Shirvan
Purpose To measure the dynamic features of compassion as an emotional and behavioral construct, the present research used a univariate latent growth modeling (LGM) approach within the structural equation modeling (SEM) framework. The aim was to trace the dynamic development of compassion longitudinally in accounting and business students during a three-credit English course at university. Design/methodology/approach
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Energy hedging and annual report readability Asian Review of Accounting Pub Date : 2023-10-06 Thomas Kim, Li Sun
Purpose Using a sample of oil and gas firms in the USA, the study examines the relation between the presence of hedging and annual report readability. Design/methodology/approach The authors use regression analysis to examine the relation between the presence of hedging and annual report readability. Findings The authors find that annual reports of firms with the use of hedging are less readable (i
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Firm's life cycle and cash flow classification: evidence from Indian firms Asian Review of Accounting Pub Date : 2023-10-06 Kalyani Mulchandani, Ketan Mulchandani, Megha Jain
Purpose The study examines the influence of a firm's life cycle on the cash flow classification of Indian firms. Design/methodology/approach The study employs Dickinson's (2011) cash flow patterns to classify firm years under various life-cycle stages. Cash flow classification is employed to measure a firm's classification shifting (CS) practices. The study includes Indian firms listed on the Bombay
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Detecting future financial statement fraud using a machine learning model in Indonesia: a comparative study Asian Review of Accounting Pub Date : 2023-09-28 Moh. Riskiyadi
Purpose This study aims to compare machine learning models, datasets and splitting training-testing using data mining methods to detect financial statement fraud. Design/methodology/approach This study uses a quantitative approach from secondary data on the financial reports of companies listed on the Indonesia Stock Exchange in the last ten years, from 2010 to 2019. Research variables use financial
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Does top managers' tenure matter to management accounting system design? Asian Review of Accounting Pub Date : 2023-09-22 Mohamed M.M. Ahmed
Purpose This study aims to investigate the relationship between top manager tenure and the sophistication level of management accounting system (MAS) in extant literature. Design/methodology/approach Cumulating evidence from 31 studies (N = 12,739), this study meta-analytically examines the central question of whether top managers' tenure is significantly associated with MAS sophistication after correcting
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Changes in accounting estimates during the COVID-19 pandemic in the USA Asian Review of Accounting Pub Date : 2023-09-22 Valerie Li, Yan Luo
Purpose The authors investigate how managers adapt their financial reporting and disclosure practices in response to the COVID-19 pandemic through changes in accounting estimates (CAEs). Design/methodology/approach The authors define the pandemic period as starting on March 1, 2020. The sample consists of 9,575 CAEs disclosed in quarterly (10-Qs) and annual (10-Ks) financial reports by US firms between
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The functional background of the compensation committee chair: the choice and weight of performance measures in CEO compensation Asian Review of Accounting Pub Date : 2023-09-14 Rachana Kalelkar, Emeka Nwaeze
Purpose The authors analyze the association between the functional background of the compensation committee chair and CEO compensation. The analysis is motivated by the continuing debate about the reasonableness of executive pay patterns and the growing emphasis on the role of compensation committees. Design/methodology/approach The authors define three expert categories—accounting, finance, and generalist—and
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Ownership concentration and cost of equity in Pakistan: the moderating role of disclosure and governance quality Asian Review of Accounting Pub Date : 2023-09-04 Memoona Sajid, Hashmat Shabbir, Raheel Safdar
Purpose The purpose of this study is to examine the relationship between the ownership concentration and cost of equity of firms in Pakistan context. Moreover, this study also investigates how the presence of disclosure quality and governance quality affects the relationship between ownership concentration and the cost of equity of firms. Design/methodology/approach Data are collected from six non-financial
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Auditors' narcissism and their professional skepticism: evidence from Iran Asian Review of Accounting Pub Date : 2023-08-09 Mohammad Hossein Safarzadeh, Mohammad Amin Mohammadian
Purpose This study aims to examine the association between Iranian auditors' narcissism and the auditors' professional skepticism. Design/methodology/approach The authors' sample is comprised of 355 professional auditors working in the private and public sectors in Iranian firms in 2022. The authors use cross-sectional multivariate regression as the main methodology, along with the structural equation
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Firm's value and ESG: the moderating role of ownership concentration and corporate disclosures Asian Review of Accounting Pub Date : 2023-07-24 Shailesh Rastogi, Kuldeep Singh, Jagjeevan Kanoujiya
Purpose The study intends to determine the environment, social and governance (ESG)'s impact on the firm's value. In addition, how ownership concentration (OC) and transparency and disclosures (TD) influence the impact of firm's ESG on its valuation (firm value). Design/methodology/approach The relevant panel data with a sample of 78 Indian firms for five years (2016–2020) are gathered. Both linear
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The impact of accounting comparability on CEO incentive plans in an emerging economy: the moderating role of board independence Asian Review of Accounting Pub Date : 2023-07-18 Arash Arianpoor, Somaye Efazati
Purpose The present study investigates the impact of accounting comparability on chief executive officer (CEO) incentive plans and the moderating role of board independence for companies listed in Tehran Stock Exchange (TSE). Design/methodology/approach The information about 177 companies in 2014–2021 was examined. In this study, equity-based compensation and cash-based compensation were used as the
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Readability of auditor reports: does audit market competition matter? Empirical evidence from Iran Asian Review of Accounting Pub Date : 2023-07-05 Javad Rajabalizadeh
Purpose While existing research explores the impact of audit market competition on audit fees and audit quality, there is limited investigation into how competition in the audit market influences auditors' writing style. This study examines the relationship between audit market competition and the readability of audit reports in Iran, where competition is particularly intense, especially among private
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The simultaneously representation of women at the audit demand and supply sides and audit quality Asian Review of Accounting Pub Date : 2023-06-29 Yosra Mnif, Imen Cherif
Purpose Even though the gender literature has addressed the independent effects of female audit committee members and female audit partners on audit quality, this research primary analyses whether the association between the presence of a female audit partner and audit quality depends on (fe)male participation on the audit committee of the audited client-firm. It further examines whether the relationship
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Client assessments of their audit experiences: the role of experience quality, similarity and client participation Asian Review of Accounting Pub Date : 2023-06-15 Jomjai Sampet, Naruanard Sarapaivanich, Erboon Ekasingh, Paul Patterson
Purpose This study examines how three psychological factors (i.e. perceived experience quality, perceived similarity and client participation) that impact client evaluations of their recent audit experiences influence client satisfaction and trustworthiness, which, in turn, affect advocacy in an small- and medium-sized enterprise (SME) context. Furthermore, the study investigates whether the influence
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Does intellectual capital in Islamic banks outperform conventional banks? Evidence from GCC countries Asian Review of Accounting Pub Date : 2023-06-14 Omar Al Farooque, Rayed Obaid Hammoud AlObaid, Ashfaq Ahmad Khan
Purpose This study explores, first, the performance effect (accounting- and market-based performance) of intellectual capital (IC), measured using the value-added intellectual coefficient (VAIC) and its modified version (MVAIC), on Islamic and conventional listed banks in Gulf Cooperation Council (GCC) countries and, second, whether Islamic banks outperform conventional banks in utilising IC. Desi
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Does the rhetoric art in sustainability reports obstruct the assurance practice? Asian Review of Accounting Pub Date : 2023-05-23 Yosra Mnif, Jihene Kchaou
Purpose This paper aims to investigate the relationship between the readability of sustainability reports and assurance provider effort, captured by assurance delay and the moderating effect of the assurance provider. Design/methodology/approach This sample consists of companies operating in sustainability sensitive industries from 39 countries for the period that covers the years 2016–2018. Findings
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Political connections, board ethnicity and value relevance in Mauritius Asian Review of Accounting Pub Date : 2023-05-19 Tasneem Mustun, Effiezal Aswadi Abdul Wahab
Purpose The paper aims to investigate the impact of political connections and board ethnicity on the value relevance of earnings and book value in Mauritius. Design/methodology/approach This study is based on a sample of 541 Mauritian-listed firm-year observations for 2001–2016. Financial and board diversity data have been collected using the listed firms’ annual reports and from reports published
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Separating abusive from efficient related-party transactions: evidence from India Asian Review of Accounting Pub Date : 2023-05-10 Kinshuk Saurabh
Purpose The aim of this study is to understand a family firm's choice of related-party transaction (RPT) types and analyze their value impacts to separate the abusive from benign RPTs. Design/methodology/approach It uses a 10-year panel of BSE-listed 378 family (and 200 non-family) firms. The fixed effects, logit and difference-in-difference (DID) models help examine value effects, propensity and persistence
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An analysis of audit effort/hour demand based on shareholder ownership power Asian Review of Accounting Pub Date : 2023-05-08 Dafydd Mali, Hyoungjoo Lim
Purpose Audit hour reporting is rare internationally. Thus, to what extent shareholders have the power to influence audit effort/hour demand is a question left unanswered. This study aims to use unique South Korean data to determine whether the increasing power of the largest foreign/domestic shareholders and blockholders can influence audit hour demand. Design/methodology/approach In this study ordinary
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The impact of earnings volatility, environmental uncertainty and COVID-19 pandemic on accounting comparability in an emerging economy Asian Review of Accounting Pub Date : 2023-04-27 Arash Arianpoor, Farideh Esmailzadeh Asali
Purpose The present study investigated the impact of earnings volatility and environmental uncertainty on accounting comparability in an emerging economy and the moderating role of COVID-19 pandemic for the companies listed on Tehran Stock Exchange (TSE). Design/methodology/approach The data about 181 companies during 2014–2021 were examined. In this study, accounting comparability was predicted for
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Political hegemony and accounting discourse: valuing nationalization Asian Review of Accounting Pub Date : 2023-04-19 Sri Pujiningsih, Ani Wilujeng Suryani, Ika Putri Larasati, Sharifah Norzehan Syed Yusuf
Purpose This study aims to discover the role of accounting and media in hegemonic discourse for divestment valuation of PT Freeport Indonesia shares. Design/methodology/approach This study employs data from 608 news articles from 5 national media. This study uses Gramsci's concept of hegemony and Laclau and Mouffe's hegemonic discourse to explore the ideological role of accounting in the formation
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Discourses on social inequality in the NGO annual reports of Bangladesh: an analysis from the impression management perspective Asian Review of Accounting Pub Date : 2023-03-07 Dewan Mahboob Hossain, Md. Saiful Alam
Purpose The main objective of this article is to explore the discourses on social inequality in the annual reports of Bangladeshi NGOs. Design/methodology/approach To fulfil this objective, a discourse analysis was conducted on the latest annual reports of ten renowned NGOs in Bangladesh. The findings were interpreted from the impression management perspective. Findings It was found that the NGOs of
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State-owned enterprises' board characteristics and audit fees: an international perspective in view of economic freedom, political democracy and protection of minority shareholders Asian Review of Accounting Pub Date : 2023-02-28 Iman Shaat, Husam Aldamen, Kim Kercher, Keith Duncan
Purpose The paper examines the relationship between board effectiveness and audit fees for state-owned enterprises (SOEs). Furthermore, given the unique nature of SOEs, the paper assesses country-level influences, such as economic freedom, political democracy and protection of minority shareholders, which can impact board effectiveness and audit fees. Design/methodology/approach A combination of two-stage
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Does managerial ability and auditor report readability affect corporate liquidity and cost of debt? Asian Review of Accounting Pub Date : 2023-02-17 Tamanna Dalwai, Ahmed Mohamed Habib, Syeeda Shafiya Mohammadi, Khaled Hussainey
Purpose This study investigates the impact of managerial ability and auditor report readability on the cost of debt and corporate liquidity in Omani-listed industrial companies. Design/methodology/approach The study uses data from the S&P Capital IQ database and audited annual reports published on Muscat Securities Market. The sample consists of 35 firms (175 firm-year observations) from 2015 to 2019
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Effect of geomagnetic activity on investors and managers: evidence from the pricing and timing of disclosure of earnings news Asian Review of Accounting Pub Date : 2023-02-14 Sharad Asthana, Rachana Kalelkar
Purpose This paper's purpose was to examine the impact of geomagnetic activity (GMA) on the timing and valuation of earnings information disclosed by firms every quarter. Design/methodology/approach The authors start the analyses with a sample of 112,669 client firms from 1989 to 2018. To analyze the impact of GMA on the earnings response coefficient (ERC), the authors use the three-day cumulative
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The effect of political connections on firms' auditor choice decisions and audit opinions: evidence from Egypt Asian Review of Accounting Pub Date : 2023-02-13 Soad Moussa Tantawy, Tantawy Moussa
Purpose This paper aims to examine how different types of corporate political connections (PCs) affect auditor choice decisions (and, therefore, audit quality) and audit opinions following the 2013 Egyptian uprising. Design/methodology/approach This paper utilizes a unique hand-collected dataset on the type of PCs of Egyptian listed companies from 2014 to 2019. Several analyses are employed to test
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The interactive impact of tax avoidance and tax risk on the firm value: new evidence in the Tunisian context Asian Review of Accounting Pub Date : 2023-01-24 Mouna Guedrib, Ghazi Marouani
Purpose The purpose of this study is to examine the interactive impact of tax avoidance and tax risk on the firm value. Design/methodology/approach This study covers 290 observations on non-financial corporations listed on the Tunisian Stock Exchange for the period ranging from 2008 to 2020, using the multiple linear regression technique. Findings The results show that tax avoidance positively affects
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Management accounting systems and economic sustainability: a qualitative inquiry of SMEs in Pakistan Asian Review of Accounting Pub Date : 2023-01-20 Shahid Latif, Safrul Izani Mohd Salleh, Mazuri Abd. Ghani, Bilal Ahmad
Purpose This qualitative inquiry sheds light on using management accounting systems to address economic sustainability concerns in small and medium enterprises (SMEs) of Pakistan. Building on the dynamic capabilities (DC) theory, this research endeavors to address the recent calls on management accounting and economic sustainability in the context of SMEs. Design/methodology/approach Qualitative research
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An analysis of the positive effect of real earnings management on financial performance Asian Review of Accounting Pub Date : 2023-01-17 Hyoung Joo Lim, Dafydd Mali
Purpose REM models infer abnormal levels of cashflow from operations (AbCFO), selling, general and admin (AbSGA) and production expenses (AbProd) are opportunistic, based on the supposition that engaging in real activities to meet current earnings targets (t) will negatively influence future performance (t+1). However, from a firm productivity perspective, cost reduction (via AbCFO, AbProd and AbSGA)
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Bank competition and SMEs access to finance in India: evidence from World Bank Enterprise Survey Asian Review of Accounting Pub Date : 2023-01-10 Bijoy Rakshit, Samaresh Bardhan
Purpose The primary purpose of this study is to investigate the effects of bank competition on SMEs' access to finance in selected Indian states. Using 9,281 firm-level observations from World Bank Enterprises Survey (WBES), this study tests the market power hypothesis versus the information hypothesis to determine whether bank competition promotes access to finance for financially constrained firms
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Unionization and employee welfare: a theoretical investigation using earnings management Asian Review of Accounting Pub Date : 2023-01-10 Guoyu Lin, Anna Bergman Brown, Eric Lin, Chunhao Xu
Purpose Unionization is generally thought to improve employee welfare through higher compensation and benefits. However, managers of unionized firms have incentives to manage earnings downward to avoid sharing rents with unionized workers, which may explain why empirical findings on the association between unionization and employee compensation are mixed. This paper develops an analytical model incorporating
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Political–economic instability and earnings management in an emerging market: the case of the 2016 Presidential Impeachment in Brazil Asian Review of Accounting Pub Date : 2023-01-05 Douglas Andrade, Dante Viana, Vera Ponte, Sylvia Domingos
Purpose This study analyzes earnings management among Brazilian public firms during the 2016 Presidential Impeachment. Design/methodology/approach The sample comprises, as a treatment group, 721 firm-quarter observations relating to Brazilian listed firms. It also considers a control group of listed firms from Mexico, which were not affected by the exogenous shock analyzed (i.e. the 2016 Presidential
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The moderating impact of auditor industry specialisation on the relationship between fair value disclosure and audit fees: empirical evidence from Jordan Asian Review of Accounting Pub Date : 2022-12-19 Esraa Esam Alharasis, Maria Prokofieva, Colin Clark
Purpose This paper investigates the application of the product differentiation and shared efficiency approaches to understand the impact of the auditor industry specialisation (IS) on audit fees in relation to Fair Value Disclosures (FVD). Design/methodology/approach The study uses 1,470 firm-year observations for the period 2005–2018 and is focused on Jordanian financial firms. Two competing theoretical
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Financial reporting, debt covenants and convertible debts Asian Review of Accounting Pub Date : 2022-12-19 Chee Kwong Lau
Purpose This study proposes an alternative perspective on why firms issue convertible debt, to supplement the largely theoretical motives identified in the existing literature. It hypothesises that the separate presentation of convertible debt into its equity and liability components has economic consequences and advantage that explain why firms issue convertible over non-convertible debt, consistent
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Use of visuals in sustainability reporting by New Zealand Stock Exchange (NZX) listed companies: an impression management perspective Asian Review of Accounting Pub Date : 2022-12-09 Mahmood Ahmed Momin, Zahir Uddin Ahmed, Renhe Liu
Purpose The purpose of this research is to investigate the use of visuals in communicating symbolic sustainability information by the New Zealand Stock Exchange (NZX) listed companies through their standalone sustainability reports. Design/methodology/approach Using the impression management theoretical framework and Barthes' conceptions of denotation and connotation, the study seeks to examine the
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Are sustainable firms more profitable during COVID-19? Recent global evidence of firms in developed and emerging economies Asian Review of Accounting Pub Date : 2022-12-05 Jing Lu, Shahid Khan
Purpose This paper investigates whether sustainability performance (SP) protects financial performance (FP) for firms in both developed and emerging economies during the COVID-19-induced economic downturn. Design/methodology/approach Using a recent sample of firms in 34 countries between 2003 and 2021, the authors employ ordinary least squares regressions, moderations and the Heckman two-step method
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Auditors' response to regulators during COVID-19: disclosures of key audit matters Asian Review of Accounting Pub Date : 2022-11-22 Elizabeth Rainsbury, Saman Bandara, Ahesha Perera
Purpose New Zealand regulatory bodies guided preparers and auditors of financial statements to deal with potential COVID-19 impacts on the financial statements and audit procedures. This study provides evidence of auditors' response to the impact of COVID-19 on the reporting of key audit matters (KAMs) in audit reports of listed companies in New Zealand. The purpose of this paper is to address this
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Value relevance of book values, earnings, and future earnings: evidence by time, life cycle stage, and market uncertainty Asian Review of Accounting Pub Date : 2022-11-07 Kriengkrai Boonlert-U-Thai, Philipp Schaberl
Purpose The purpose of this study is to investigate the role of book values, earnings, and future earnings in equity valuation by time, life cycle stage, and market uncertainty using samples of USA and Japanese companies. Design/methodology/approach This study employs Lubberink and Willett (2021) methodology in using log-linear models to estimate the value relevance of accounting numbers and follows
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Corporate disclosures and financial distress in banks in India: the moderating role of competition Asian Review of Accounting Pub Date : 2022-11-02 Shailesh Rastogi, Jagjeevan Kanoujiya
Purpose This study aims to determine the association of Transparency and Disclosure (TD) with financial distress (FID) while the competition (as Lerner Index) moderates the association between the two. Design/methodology/approach The panel data analysis (static model) is performed to examine the effect of disclosures on the bank's FID. A TD index is built to assess the level of TD. All three versions
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Corporate social responsibility and firm market performance: the role of product market competition and firm life cycle Asian Review of Accounting Pub Date : 2022-11-03 Redhwan Al-Dhamari, Bakr Al-Gamrh, Omar Al Farooque, Elaigwu Moses
Purpose This study empirically investigates the role of product market competition and mature-stage firm life cycle on the relation between corporate social responsibility (CSR) and market performance in an emerging market context – Malaysia. Design/methodology/approach The authors construct a comprehensive CSR index toward the economy, environment and society (EES) and apply both Ordinary Least Squares
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An analysis of the meta-analysis of board characteristics and demand for audit quality Asian Review of Accounting Pub Date : 2022-10-25 Zhifeng Yang
Purpose The purpose of this study is to discuss Kalia, Basu and Kundu's (KBK’s) paper's motivation, findings and contributions and suggest further development. Design/methodology/approach This paper is to discuss the meta-analysis of board characteristics and demand for audit Quqality by KBK. Findings KBK paper is well motivated and makes new contributions to the literature. Future research can expand
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Board characteristics and demand for audit quality: a meta-analysis Asian Review of Accounting Pub Date : 2022-09-27 Deepali Kalia, Debarati Basu, Sayantan Kundu
Purpose The study explores extant knowledge on the nature of the relationship between internal and external corporate governance mechanisms, particularly board characteristics and audit quality, respectively, while also investigating how the relationship varies across geographies. Design/methodology/approach The extant knowledge is synthesized using a meta-analysis, which is conducted using a sample
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Ex-auditor executives and investment efficiency: evidence from Indonesia Asian Review of Accounting Pub Date : 2022-09-20 Agnes Aurora Ngelo, Iman Harymawan, Mohammad Nasih
Purpose This study aims to examine the relationship between the presence of ex-auditor chief executive officers (CEOs) and ex-auditor chief financial officers (CFOs) with the company's investment efficiency decisions. Design/methodology/approach The authors use non-financial Indonesian listed firms, and the authors obtain 2,763 firm-year observations of ex-auditor CEOs and 2,708 firm-year observations