JournalTOCs

Asian Review of Accounting
Journal Prestige (SJR): 0.222

Citation Impact (citeScore): 1
Number of Followers: 0

Hybrid journal (It can contain Open Access articles)
ISSN (Print) 1321-7348 - ISSN (Online) 1758-8863
Published by Emerald

[360 journals]

CSR committees, politicians and CSR efforts
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  Authors: Jun Guo , Yang Yu
  Abstract: The purpose of this paper is to study the relationships among the presence of corporate social responsibility (CSR) committee, politicians on CSR committee and CSR disclosure in 10-Ks using data from S&P 500 firms during 2005–2013. The authors manually check the information of CSR committees as well as committees with CSR/sustainability functions from proxy statements (DEF 14a). CSR disclosure from 10-Ks is obtained by using a Python library named Beautiful Soup 4 to clean the rough data from the raw format files from EDGAR. The authors find that superior sustainability governance is associated with more voluntary CSR disclosure in their 10-K reports. More importantly, they find that CSR committee members with working experiences as politicians play an important role to improve CSR disclosure. In the robustness tests, they find that CSR committee and the politicians on CSR committee are also associated with high KLD CSR score ratings. The finding in our paper that politicians on CSR committee can enhance CSR efforts may provide practical implications to some companies. Companies may consider inviting people who have political connections and experience to serve on CSR committees. The authors find the presence of politicians on CSR committee is associated with CSR disclosure and CSR performance. That's new to the CSR governance literature and makes contributions to CSR disclosures and CSR committee expertise and skills.
  Citation: Asian Review of Accounting
  PubDate: 2022-05-03
  DOI: 10.1108/ARA-06-2021-0107
  Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
Risk reporting: do country-level institutional forces really matter'
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  Authors: Rogério Serrasqueiro , Jonas Oliveira
  Abstract: The study aims to analyse annual reports of the non-financial European firms listed at the EURO STOXX 50 index over the period of 2007 and 2011. This study intends to address two main issues: to what extent the country-level institutional forces compel (directly) firm's risk reporting (RR) behaviour and in which way these country-level institutional forces moderate the relationship between RR and firm-level characteristics. Main findings indicate that, during this period, the European listed companies disclosed more risk information on a voluntary basis (such as operational and strategic risks) and with better informative content (more forward-looking and focused on positive news). Consistent with institutional theory, findings confirm that the country-level institutional forces explain variations on RR. Additionally, it also indicates that the relationship between RR and leveraged firms is weaker among countries with stronger institutional forces. These findings have several implications for investors and regulators in Europe basically in helping achieve efficiency in investment decisions and to stimulate further efforts to improve RR regulations. This study makes two major contributions. First, it extends Elshandidy's et al. (2015) work by using other country-level institutional forces that capture the efficacy of corporate boards, the protection of minority shareholders' interests, country's level of democracy, law enforcement mechanisms and press freedom. Second, it uses firms that are considered as a blue-chip representation of super-sector leaders in the Eurozone (but from different institutional contexts). This research setting can be more insightful in shedding some light towards our understanding on how these leading firms can promote innovative and high quality level of RR and how country-level driving forces influence these variables.
  Citation: Asian Review of Accounting
  PubDate: 2022-03-31
  DOI: 10.1108/ARA-10-2021-0193
  Issue No: Vol. 30 , No. 2 (2022)
Betting against real earnings management
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  Authors: Manish Bansal , Asgar Ali
  Abstract: The study presents the zero investment strategies based on the pricing impact of real earnings management (REM) on stock returns after taking into account the direction and endogeneity nature of REM. The authors use standard portfolio methodology and Fama–Macbeth cross-sectional regression to analyze the data for this study. Both upward and downward form of REM has been examined. Accrual earnings management (AEM) has been controlled while examining the association between REM and stock returns. The findings demonstrate that the REM anomaly exists in the Indian equity market and is consistent under different market conditions and investment horizons. It is robust after controlling for cross-sectional effects and AEM. Our subsequent analysis suggests that a decile-based zero investment portfolio strategy based on REM loadings generates an annual excess return of 17.90%. The presented annual excess return is highest among quantile and mean-based investment strategies. Further, the authors find that REM sorted proposed investment strategies outperform the AEM sorted investment strategies in all spheres. The findings suggest that investors can form an arbitrage profitable investment strategy by taking a long position in the bottom 10% of negative REM stocks, and a short position in the top 10% of positive REM stocks. This is the first study that examines the pricing impact of REM on stock returns and provides zero investment strategies by betting against REM.
  Citation: Asian Review of Accounting
  PubDate: 2022-03-14
  DOI: 10.1108/ARA-05-2021-0091
  Issue No: Vol. 30 , No. 2 (2022)
Employee treatment and discontinued operations
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  Authors: Lori Leonard , Li Sun
  Abstract: The authors investigate the relation between employee treatment and the likelihood of discontinuing business operations. The authors use regression analysis to investigate the relation between employee treatment and the likelihood of discontinuing business operations. The authors find a significant negative relation between employee treatment and the likelihood of discontinuing business operations, suggesting that firms with better employee treatment are less likely to discontinue operations. This study contributes to two distinctive steams of research: discontinued operations in accounting literature and employee welfare in human resources management literature.
  Citation: Asian Review of Accounting
  PubDate: 2022-03-07
  DOI: 10.1108/ARA-09-2021-0170
  Issue No: Vol. 30 , No. 2 (2022)
The determinants of risk reporting during the period of adoption of Basel
II Accord: evidence from the Portuguese commercial banks
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  Authors: Graça Azevedo , Jonas Oliveira , Luiza Sousa , Maria Fátima Ribeiro Borges
  Abstract: The purpose of this paper to analyze the risk reporting practices and its determinants of commercial banks during the period of the adoption of the Basel II Accord in Portugal. The paper conducts a content analysis of the risk and risk management sections included in the management reports and the notes of the annual reports of Portuguese commercial banks, for the years 2007, 2010 and 2013. Findings show that theoretical frameworks underpinned in agency and legitimacy theories continue to provide valid explanations for risk reporting by Portuguese banks. More specifically, findings indicate that agency costs, public visibility and reputation are crucial drivers of risk reporting. Findings also indicate that younger banks with lower risk management skills use risk reporting either as an informational process or as a channel to manage organizational legitimacy. The content analysis does not allow readily for in-depth qualitative inquiry. The coding instrument is subject to coder bias. Information about risk can be provided in sources other than annual reports. Additionally, not all banks disclose information on corporate governance-related variables that could also influence risk reporting. The current research setting has never been studied hitherto. In this sense, this study seems to be of great relevance given the scarcity of literature on the subject in Portugal.
  Citation: Asian Review of Accounting
  PubDate: 2022-02-10
  DOI: 10.1108/ARA-03-2021-0051
  Issue No: Vol. 30 , No. 2 (2022)
Asian Review of Accounting
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