知名SSCI速递《国际会计、审计与税收杂志》2022-46

摄影：越努力越幸运 博士

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本期推文成员

跟踪：陈浩填 广东外语外贸大学

审核：王榆洁   吉林工商学院

编辑：李   云   西安财经大学

《Journal of International Accounting, Auditing & Taxation》

The Journal of International Accounting, Auditing & Taxation publishes research that advances our understanding of international accounting over a diverse range of topics and research methods. JIAAT articles deal with most areas of international accounting, including auditing, financial accounting, taxation, social and environmental accounting, and management accounting. The Journal welcomes research that utilizes a wide range of basic and applied research methods, including archival, experimental, survey, analytical, and case study.

The Journal's founding goal was to bridge the gap between academic researchers and practitioners by publishing papers that are relevant to the development of the field of accounting. Within this context, submissions are expected to make a contribution to the academic accounting literature, including as appropriate the international accounting literature typically found in JIAAT and other primary US-based international accounting journals as well as in leading European, Australian, and Canadian academic accounting journals. Applied research findings, critiques of current accounting practices and the measurement of their effects on business decisions, and research-based essays on world affairs which affect accounting practice are all within the scope of the journal.

Although the Journal welcomes a wide range of topics, papers may be rejected without being sent out for formal review if the paper is deemed outside of the scope of the journal, too narrow in interest or scope, of unacceptable written quality, or as not sufficiently adhering to the style requirements as outlined in the Guide for Authors. We strongly urge all authors interested in JIAAT to carefully read the Guide to Authors and to examine some of its more recently published articles. Examples of topics outside the scope of the journal include accounting education, attitudes about the implementation and use of software programs, and tax papers with an economics or finance focus rather than an accounting-related tax focus. Papers using a US sample must demonstrate a significant international accounting focus.

一、目录

Volume 46

（March 2022）

[1].The information content of earnings for UK firms disclosing under UK GAAP and IFRS

 Kingsley O.OlibeaRobert H.Strawser,William R.Strawser

[2].Does IFRS experience improve analyst performance?

Ran R. Barniv, Mark Myring, Tiffany Westfall

[3].Do changes in deferred revenue indicate future financial performance? Evidence from India

Pratibha Wasan, Kalyani Mulchandani, Ketan Mulchandani

[4].Accounting for R&D on the income statement? Evidence on non-discretionary vs. discretionary R&D capitalization under IFRS in Germany

TamiDinh,WolfgangSchultze

[5].The impact of introducing new regulations on the quality of CSR reporting: Evidence from the UK

Ruba SubhiHamed, Basiem KhalilAl-Shattarat, Wasim KhalilAl-Shattarat, KhaledHussainey

[6].Cost stickiness: A systematic literature review of 27years of research and a future research agenda.

Awad Elsayed AwadIbrahim, HeshamAli, HebaAboelkheir

[7].How do International Financial Reporting Standards affect information asymmetry? The importance of the earnings quality channel.

RamziBenkraiem, ItidelBensaad, FatenLakhal

[8].The effect of foreign institutional ownership on corporate tax avoidance: International evidence

Iftekhar Hasan, Incheol Kim, Haimeng Teng, Qiang Wu

[9].The implications of book-tax conformity and tax change for the earnings management of Portuguese micro firms

CláudioPais, Cláudia AfectoDias

[10].The cooperative approach to corporate tax compliance: An empirical assessment

Maarten A.Siglé, Sjoerd Goslinga, Roland F.Speklé, Lisette E.C.J.M.van der Hel

二、题目、作者、作者单位、关键词

The information content of earnings for UK firms disclosing under UK GAAP and IFRS

Kingsley O. Olibe

College of Business Administration, Department of Accounting, Kansas State University, Manhattan, KS, United States

Robert H. Strawser

Mays College of Business Administration, Department of Accounting, Texas A&M University, College Station, TX, United States

William R. Strawser

Department of Accounting, Sam Houston State University, College of Business Administration, Box 2506, Huntsville, TX 77341, United States

Abstract：

Our study examines whether the earnings announcements of the United Kingdom (UK) firms cross-listed on United States (US) stock exchanges exhibit distinctive impacts on stock price and trading volume when disclosing these earnings using UK generally accepted accounting principles (GAAP) versus International Financial Reporting Standards (IFRS). We find that IFRS earnings announcements exhibit a greater amount of return variation on the days immediately surrounding the earnings announcement than do UK GAAP earnings announcements even after controlling for profitability, risk, growth, and firm size. We also find sustained abnormal trading volume activity preceding and subsequent to UK GAAP announcements; whereas, abnormal trading volume surrounding IFRS announcements reveals little significance preceding the announcement and a less sustained reaction in the days following the announcement of earnings. Taken together, our study suggests that IFRS earnings announcements provide more earnings surprise on the day of the announcement and result in more consensus following the announcement than do UK GAAP earnings announcements, despite the relative similarity between the two systems of earnings disclosures.

Keywords:International financial accounting standards;United Kingdom Generally Accepted Accounting Principles;Earnings announcements;Price response;Trading volume

https://www.sciencedirect.com/science/article/abs/pii/S1061951822000040#!

Does IFRS experience improve analyst performance?

Ran R. Barniv

Kent State University, Graduate School of Management, CBA, United States

Mark Myring

Florida International University, School of Accounting, United States

Tiffany Westfall

Ball State University, Miller College of Business, United States

Abstract：

We examine the effect of analysts’ task-specific experience with International Financial Reporting Standards (IFRS) on forecast accuracy, timeliness, and boldness in Europe. Our unique setting allows us to build on studies in the United States (US) that document how task-specific experience enhances analyst forecast accuracy. Specifically, the adoption of IFRS affected all analysts in the European Union, thereby allowing us to examine the impact of task-specific experience on a broad group of analysts possessing dissimilar abilities and attributes. We find that IFRS experience results in more accurate earnings forecasts, increased boldness of forecasts, and greater timeliness of forecasts. In addition, we document that the relationship between IFRS experience and forecast accuracy is most pronounced in countries with high investor participation in financial markets and large differences between domestic generally accepted accounting standards (GAAP) and IFRS. We interpret the results as consistent with the expectations of standard setters, such as the International Accounting Standards Board, that IFRS is valuable to external users as a predictive tool and of the US Securities and Exchange Commission that IFRS adoption would require analyst investments in education and training.

Keywords:Sell-side analysts;Forecast properties;IFRS experience

https://www.sciencedirect.com/science/article/abs/pii/S1061951821000689#!

Do changes in deferred revenue indicate future financial performance? Evidence from India

Pratibha Wasan

FORE School of Management, New Delhi, India

Kalyani Mulchandani

Jaipuria Institute of Management, Indore, India

Ketan Mulchandani

NMIMS (Deemed-to-be University) – Anil Surendra Modi School of Commerce, Mumbai, India

Abstract：

This study investigates whether changes in deferred revenue is a leading indicator of the future financial performance of Indian firms listed on the S&P Bombay Stock Exchange 500 (S&P BSE 500). Multiple regressions with fixed effects were performed using deferred revenue changes (DRCs) and the future financial performance of firms as independent and dependent variables, respectively, along with control variables. Returns from a portfolio comprising a long position in stocks of the 25% of firms with the highest DRCs and a short position in stocks of the 25% of firms with the fewest DRCs were used to ascertain whether DRCs are mispriced in Indian markets. Results show that DRCs indicate the future financial returns of firms. Investors, however, do not fully incorporate into their firm valuation the information content of DRCs, which creates scope for earning positive abnormal returns in the Indian market from a hedging strategy based on the size of DRCs. To the best of our knowledge, this study is the first to establish a relationship between the size of DRCs and the future financial performance of firms in the Indian setting.

Keywords:Deferredrevenues;Leading indicator;Financial performance;Mispricing;Hedging strategy

https://www.sciencedirect.com/science/article/abs/pii/S1061951821000665#!

Accounting for R&D on the income statement? Evidence on non-discretionary vs. discretionary R&D capitalization under IFRS in Germany 

Tami Dinh

University of St.Gallen, Institute of Accounting, Control and Auditing, Tigerbergstr. 9, 9000St. Gallen, Switzerland

Wolfgang Schultze

University of Augsburg, Department of Accounting and Control, Universitaetsstr. 16, 86159 Augsburg, Germany

Abstract：

This paper compares the informativeness of discretionary research and development (R&D) capitalization under IAS 38 with non-discretionary “as-if” R&D capitalization. While prior research consistently demonstrated capital market benefits of “as-if” capitalization, prior evidence for reported R&D capitalization are less favorable due to earnings management concerns. Because “as-if” studies are based on adjusted data assuming R&D capitalization, the resulting numbers are free from such concerns and may be more informative. We find that reported capitalized R&D is not associated with lower information asymmetry but positively associated with forecast errors. While market values are not associated with reported capitalized R&D, they are strongly associated with “as-if” capitalized R&D. Also, actual capitalization of development expenditures under IAS 38 is only as value relevant as when expensing all R&D. Our results are consistent with the notion that market participants undo actual capitalization and use the information on expensed R&D to develop their own estimates of R&D value. Our findings lend support to the proposition by Barker and Penman (2020) that deficiencies of the balance sheet that result from the uncertainty inherent in expenditures such as R&D, should be supplemented by more detailed information on the nature of the related expenses in the income statement.

Keywords:Accruals;Capitalization;Research and development;IFRS;Germany

https://www.sciencedirect.com/science/article/pii/S1061951822000015#! 

The impact of introducing new regulations on the quality of CSR reporting: Evidence from the UK

Ruba Subhi Hamed

Alfaisal University, Al Takhassousi, Al Zahrawi Street, Riyadh 11533, Saudi Arabia 

Basiem Khalil Al-Shattarat

Prince Sultan University, Rafha Street, Riyadh 11586, Saudi Arabia

Wasim Khalil Al-Shattarat

Gulf University for Science and Technology (GUST), Block 5, Building 1, Mubarak Al-Abdullah Area/West Mishref, Kuwait

Khaled Hussainey

Accounting and Financial Management Subject Group, Faculty of Business and Law University of Portsmouth Portsmouth, PO1 3DE United Kingdom

Abstract：

This study examines the adoption of mandatory corporate social responsibility (CSR) regulation in the United Kingdom (UK). Specifically, we investigate whether adopting new CSR regulations impacts the quality of firms’ CSR reporting and explore whether that quality depends on a firms’ characteristics. Our empirical results suggest that the UK’s mandatory CSR reporting regulation significantly enhances CSR reporting quality. We further find that firms’ characteristics, particularly corporate governance and firm size, improve mandatory CSR reporting quality. Our results are robust to the use of an alternative proxy of CSR quality assessment and testing for endogeneity. These findings suggest that committing to CSR can substantially benefit stakeholders, who will be better informed regarding the firms’ CSR performance through improved reporting quality. This factor can influence investors’ beliefs and market valuations, which may subsequently guide firms’ investment decisions.

Keywords: Mandatory CSR;Firm characteristics;Corporate governance;High and low CSR quality

https://www.sciencedirect.com/science/article/abs/pii/S1061951821000690#!

Cost stickiness: A systematic literature review of 27 years of research and a future research agenda

Awad Elsayed Awad Ibrahim

Portsmouth Faculty of Business and Law, Portsmouth University, United Kingdom 

Hesham Ali

Nottingham University Business School, University of Nottingham, United Kingdom

Mansoura University, Egypt

Corresponding author at: Nottingham University Business School, University of Nottingham, United Kingdom.

Heba Aboelkheir

Nottingham University Business School, University of Nottingham, United Kingdom

Mansoura University, Egypt

Abstract：

Recent research has found that the cost response to an equivalent activity change is asymmetric. This study systematically reviews 80 research articles published in 36 journals during the last 27 years (1994–2020). Through three reviews, the study synthesizes, appraises, and extends knowledge on cost stickiness by covering prior studies’ themes, historical development, research impact, theories employed, research country, costs examined, and models used to capture cost stickiness. Despite the evidence on cost stickiness drivers, this study highlights several unexplored determinants that require further research, including culture, idle capacity management, business risks, auditor type, lobbying intensity, and CEO demographic characteristics. As the consequences of cost stickiness are largely unexplored, we call for more research examining its implications at the macro-economic level and for ubiquitous accounting techniques such as CVP analysis, pricing decisions, and cost estimation. Although prior studies have focused on non-financial companies and developed economies, examining cost stickiness in financial firms and developing economies could enrich the literature. As studies are either descriptive or rely primarily on a single theoretical perspective such as the agency and cost asymmetry theories, we call for research that adopts a multi-theoretical framework. Overall, the study discusses several research streams, identifies several literature gaps, and outlines a promising and detailed future research agenda.

Keywords: Cost behavior;Cost stickiness;Cost asymmetry;Management accounting

https://www.sciencedirect.com/science/article/abs/pii/S1061951821000641#! 

How do International Financial Reporting Standards affect information asymmetry? The importance of the earnings quality channel

Ramzi Benkraiem

Audencia Business School (AACSB, EQUIS & AMBA) 8 Route de la Jonelière, 44312 Nantes, France

Itidel Bensaad

LAMIDED & ISG University of Gabès, Tunisia

Faten Lakhal

Léonard de Vinci Pôle Universitaire, Research Center, 92916 Paris La Défense, IRG (EA 2354), University of Paris-Est, France

Abstract：

Previous studies have provided evidence of the effect that accounting regulation through the adoption of International Financial Reporting Standards (IFRS) has on the informational environment. However, none have investigated how this effect is driven. This study examines whether earnings quality is an effective channel through which the IFRS can mitigate the level of information asymmetry. Based on a sample of French listed companies, we find that information asymmetry decreases significantly after the adoption of IFRS. Using a path analysis and maximum likelihood estimations, the results show that the faithful representation component of earnings quality is the only channel through which IFRS decrease the level of information asymmetry. This finding suggests that the faithful representation of earnings increased under IFRS regulation, which, in turn, enhanced the quality of the informational environment. Our findings are robust using several sensitivity analyses.

Keywords:IFRS;Information asymmetry;Earnings quality;Faithful representation;Relevance;Path analysis

https://www.sciencedirect.com/science/article/abs/pii/S1061951821000707 

The effect of foreign institutional ownership on corporate tax avoidance: International evidence

Iftekhar Hasan

Gabelli School of Business, Fordham University, United States

Incheol Kim

Robert C. Vackar College of Business & Entrepreneurship, University of Texas Rio Grande Valley, United States

Haimeng Teng

School of Business Administration, Penn State Harrisburg, United States

Qiang Wu

School of Accounting and Finance, The Hong Kong Polytechnic University, Hong Kong

Corresponding author at: M753, Li Ka Shing Tower, The Hong Kong Polytechnic University, 11 Yuk Choi Rd, Hung Hom, Hong Kong.

Abstract：

We find that foreign institutional investors (FIIs) reduce their investee firms’ tax avoidance. We provide evidence that the effect is driven by the institutional distance between FIIs’ home countries/regions and host countries/regions. Specifically, we find that the effect is driven by the influence of FIIs from countries/regions with high-quality institutions (i.e., common law, high government effectiveness, and high regulatory quality) on investee firms located in countries/regions with low-quality institutions. Furthermore, we show that the effect is concentrated on FIIs with little experience in the investee countries/regions or FIIs with stronger monitoring incentives. Finally, we find that FIIs are more likely to vote against management if the firm has a higher level of tax avoidance.

Keywords:Institutional distance;Foreign institutional ownership;Tax avoidance

https://www.sciencedirect.com/science/article/abs/pii/S1061951821000653#!

The implications of book-tax conformity and tax change for the earnings management of Portuguese micro firms

Cláudio Pais

Accounting Department, ISCTE-IUL, Avenida das Forças Armadas, 1649-026 Lisboa,Portugal

Cláudia Afecto Dias

Law Department, ISCAL, Avenida Miguel Bombarda, 20, 1069 - 035 Lisboa, Portugal

Abstract：

Since 2014, Portugal has a special, optional tax regime for micro firms called the simplified tax regime, which is an alternative to the general tax regime. In the simplified tax regime, income tax is a percentage of specific revenues, which could be seen as an example of lower book-tax conformity. The general tax regime is an example of higher book-tax conformity because tax income is based on accounting income. Using the tax regimes as a proxy of book-tax conformity we study the influence of the different tax regimes on earnings management, as well as whether earnings management in the general tax regime is used to achieve taxable income and reporting goals. We find that firms opting for the simplified tax regime manage earnings less than firms in the general tax regime, and they manage earnings upwards while the latter manage earnings downwards. Furthermore, we conclude that accruals with high book-tax conformity are used to decrease taxable income and those with low conformity are used to increase accounting income. This leads us to conclude that lower book-tax conformity reduces earnings management. This single country case study contributes evidence on book-tax conformity issues.

Keywords: Book-tax conformity;Micro firms;Earnings management;Simplified tax regime;General tax regime

https://www.sciencedirect.com/science/article/abs/pii/S1061951822000039#! 

The cooperative approach to corporate tax compliance: An empirical assessment

Maarten A. Siglé

Nyenrode Business University, Netherlands Tax Administration, Laan op zuid 45, Rotterdam, the Netherlands

Maarten Siglé, Sjoerd Goslinga and Lisette van der Hel work for the Netherlands Tax Administration (NTA). Their contribution to this paper is written in a personal capacity and does not necessarily reflect statements and/or opinions of the NTA.

Sjoerd Goslinga

Leiden University, Netherlands Tax Administration, the Netherlands

Maarten Siglé, Sjoerd Goslinga and Lisette van der Hel work for the Netherlands Tax Administration (NTA). Their contribution to this paper is written in a personal capacity and does not necessarily reflect statements and/or opinions of the NTA. 

Roland F. Speklé

Nyenrode Business University, the Netherlands

Lisette E.C.J.M. van der Hel

Nyenrode Business University, Netherlands Tax Administration, the Netherlands

Maarten Siglé, Sjoerd Goslinga and Lisette van der Hel work for the Netherlands Tax Administration (NTA). Their contribution to this paper is written in a personal capacity and does not necessarily reflect statements and/or opinions of the NTA.

Abstract：

Tax authorities increasingly rely on a cooperative approach to support corporate tax compliance. This approach, however, lacks empirical substantiation, and it is unclear whether it delivers on its expected benefits. We identify the underlying principles of this approach using reports and policy recommendations of the Organization of Economic Cooperation and Development (OECD) and formalize these in a working theory. We test this working theory in a sample of large businesses, using a unique combination of survey data and tax audit results from the Netherlands. We find that corporate taxpayers’ perceived procedural justice and transparency from these taxpayers in their dealings with the tax authority are positively associated with the quality of the relationship between taxpayer and tax authority. The increased quality of this relationship affects corporate income tax compliance but not value added tax (VAT) compliance. Furthermore, our results suggest that the quality of internal tax control contributes to taxpayer transparency and compliance, the latter via the prevention of unintentional errors. Overall, our results suggest that the cooperative approach can help improve the way taxpayer and tax authority interact, but that its ultimate contribution to tax compliance can differ between various taxes and various types of non-compliance..

Keywords:Cooperative compliance;Corporate tax compliance;Tax controlframework

https://www.sciencedirect.com/science/article/abs/pii/S1061951822000027#! 

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