submitted by marcottavio 20 hours ago
The authors aim to present an overview of the papers in this special issue on the theme of the role of management accounting and control in routine and change in organizations, which arose from the Management Control Association Conference at the University of Greenwich, London, UK in September 2...
submitted by truck 20 hours ago
This study aims to consider how emerging management control systems (MCS) form the MCS package of start-up firms. Based on institutional theory, the authors aim to better understand reasons for introducing MCS and the reciprocity between the parts of the firm's overall MCS package. – The author...
submitted by harndag 20 hours ago
This article brings new insights on the role played by (implied) volatility on the WTI crude oil price. An increase in the volatility subsequent to an increase in the oil price (i.e. inverse leverage effect) remains the dominant effect as it might reflect the fear of oil consumers to face rising ...
submitted by SidnCase 22 hours ago
Despite its dubious role during the global financial crisis of 2008, risk management has continued its expansion. This paper addresses the question why risk management, in the face of its evident failure to manage risks during the crisis, has retained its importance even today. We build on the ex...
submitted by m4regald 1 day ago
We show that accruals consist of at least two distinct underlying processes, one with positive serial correlation and the other with negative serial correlation. We also find that the accrual reversals characterizing the negatively serially correlated process are predominantly good accruals that ...
submitted by MatiaRoss 1 day ago
As a private organization, input legitimacy, being achieved when inputs received reflect the opinions of all stakeholders involved, is a key issue for the IASB’s acceptance as global standard setter. To study this input legitimacy, this paper examines the evolution of constituent participation ...
submitted by oshakraso 1 day ago
This paper analyzes the role of default risk in the momentum effect focusing on data from four developed European stock markets (France, Germany, Spain and the United Kingdom). Using a market-based measure of default risk, we show that it is not the hidden factor behind this effect. While the los...
submitted by DavAide 1 day ago
We examine whether systematic higher moments capture beta asymmetry in an asset pricing model whereby the conditional beta of a risky asset increases (decreases) during a bear (bull) market state. We first provide a simple conceptual outline from the microeconomic literature to show that beta asy...
submitted by cilibe 1 day ago
We examine the determinants of adherence to U.S. Securities and Exchange Commission (SEC) mandated disclosures of environmental sanctions. Our sample includes non-superfund U.S. Environmental Protection Agency (EPA) sanctions between 1996 and 2005. Our results suggest that firms are more likely t...
submitted by OlivLer 2 days ago
Using detailed data of individual investors, this study shows that, on average, individuals invest more in firms with clear and concise financial disclosures. The results indicate this relation is less pronounced for high frequency trading and financially-literate individuals. The study also show...
submitted by doloresstyron 2 days ago
This paper examines the role of management control systems, in particular performance measurement systems (PMSs) such as the Balanced Scorecard and key performance indicators, in a multinational context. We begin by exploring how globalization discourses are engaged with, consumed, appropriated, ...
submitted by dlaviliss 3 days ago
This study examines spreadsheet use during different phases of the audit process using a series of case studies on independent, local non-Big 4, audit firms in Thailand. Our study adopted the concept of infusion, i.e., the use of IT to its fullest potential within work processes. We used multiple...
submitted by liathilean 3 days ago
We investigate whether the adoption of International Financial Reporting Standards (IFRS) in Greece affected tax-induced incentives for financial earnings management. Prior to the implementation of IFRS, there were powerful incentives for firms facing higher tax pressure to restrict (exacerbate) ...
submitted by chaanshiin 4 days ago
This paper explores the links between firms’ voluntary disclosures and their cost of capital. Existing studies investigate the relation between mandatory disclosures and cost of capital and find no cross-sectional effect but a negative association in time-series. In this paper, I find that when...
submitted by tozzaka 4 days ago
This study extends the accounting-based valuation framework of Ohlson (Contemp Acc Res 11:661–687, 1995) and Feltham and Ohlson (Acc Rev 74:165–183, 1999) to incorporate dynamic expectations about the level of systematic risk in the economy. Our model explains recent empirical findings docume...