1,720,975 research outputs found
Some firms actively use CSR to improve their image in the public media
No full textA good image brings financial rewards, write Steven Cahan, Chen Chen, Lily Chen and Nick (Nhut H. Nguyen
Earnings conservatism and audit committee financial expertise
No full textThis study examines the association between earnings conservatism and four different measures of audit committee financial expertise. Statistical tests are based on 494 firm-year observations drawn from Australian publicly listed firms between January 1 2004 and December 31 2008. Consistent with expectations, tests find a statistically significant association between earnings conservatism and a) overall financial expertise, b) accounting financial expertise and c) independent financial expertise. However, only a weak association is found between earnings conservatism and audit committee non-accounting financial expertise. Overall, results infer that audit committee financial expertise is a key determinant of the asymmetrical timeliness of loss recognition (both via stock returns and accruals). Findings provide valuable insights and greater understanding to various special interest groups (e.g., corporate governance reformists, regulators, scholars), of the individual dynamics between audit committee financial expertise and earnings conservatism contributing, therefore, to the literature on the importance of audit committee financial expertise in improving financial reporting quality
The impact of risk management and audit characteristics on corporate tax aggressiveness: An empirical analysis
No full textGoing Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
The relationship between internal and external audit in the public sector – A case study
No full textForeign primary listings and earnings quality
No full textEstablishing the firm's primary listing on a foreign rather than domestic capital market is a phenomenon virtually unique to firms from the People's Republic of China (PRC). This study determines whether earnings quality varies between PRC-domiciled firms with a foreign primary listing and counterparts with a domestic primary listing. It further investigates possible explanatory factors (i.e. place-of-listing and share type) influencing variations in earnings quality. The analysis of 501 PRC-domiciled firms provides support for bonding theory indicating the earnings quality of PRC foreign primary listed firms is statistically significantly higher than domestic primary listed firms. Moreover, earnings quality difference exists across PRC firms with different places-of-listing and share types. Higher earnings quality amongst PRC-domiclied foreign primary listed firms is due to the higher regulatory requirements in Hong Kong and Singapore.Findings suggest risk-averse international investors may find purchasing shares in PRC-domiciled foreign primary listed firms (i.e., H-Share, Red-Chip, and S-Share) to be a more prudent investment option. Overall, perceptions of poor quality of PRC-domiciled firms listing abroad may affect investor interest and confidence therein damaging future PRC growth prospects. The PRC authorities may need to improve the regulatory rigour to protect the nation's investment reputational capital
Good luck or good management? Public sector audit in the Swan River Colony, 1828-1835
No full textThe role of the Auditor General in public sector audit is the primary instrument used to safeguard public finances and to assist in ensuring executive accountability and transparency in most contemporary Westminster-based democracies. The independence of the Auditor General from the executive government of the day is seen as a critical element for strengthening the effectiveness of the role, yet this separation is a relatively recent element. Analysis shows those responsible for 19th century public sector audit in the Swan River Colony of Western Australia operated in what would today be considered an unacceptable environment, with very little indepdence from the executive arm of government. It has been argued that colonial audit really operated an accounting function for the executive rather than as a public check on government expenditure. This is certainly the case for the Swan River Colony. Official government correspondence of the early Swan River Colony (among other sources) demonstrates there was a very thorough and highly structured system for managing government finances, one in which colonial auditors played a significant role despite a lack of independence. Several other Australian colonies suffered from mismanagement of government finances but there is nothing to show that the Swan River Colony experienced much more than clerical errors and minor administrative oversights. Was the lack of financial scandal just due to the good fortune that competent and ethical government administrators were selected for the Swan River colony? Or did the existing imperial and colonial financial administrative systems enable the colonial audit function to provide adequate checks and balances despite its limited role
An investigation of fiscal policy disclosure
No full textThis study investigates the level of fiscal policy disclosure within financial statements of Indonesian local governments. Indonesia is a developing country that has recently undergone major state financial reform. Isomorphic institutional theory is adopted as the underlying theoretical framework. There is a high level of communication as measured by the Fiscal Policy Compliance Index (81.2%). Regression analysis shows that the coercive isomorphism variable, measured by number of parliamentarians, is positive and statistically significant predictor of the extent of fiscal policy disclosure. Local governments that have more parliamentarians in their jurisdiction communicate more extensively. In addition, the age of local governments and financial independence variables affect the extent of fiscal policy disclosure in Indonesian local governments
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