Journal of Risk and Financial Management

Research

17 pages, 1448 KB

Open AccessArticle

The Impact of Artificial Intelligence on Accounting Information and Earnings Management: Bibliometric Analysis

by Dalenda Ben Ahmed

J. Risk Financial Manag. 2026, 19(1), 90; https://doi.org/10.3390/jrfm19010090 (registering DOI) - 22 Jan 2026

Viewed by 66

Artificial intelligence technology has increased in popularity in the domain of accounting. Previous studies have focused on analysing the impact of AI integration on accounting in general and on work performance, with few researchers analysing the impact of AI on accounting information. Our [...] Read more.

Artificial intelligence technology has increased in popularity in the domain of accounting. Previous studies have focused on analysing the impact of AI integration on accounting in general and on work performance, with few researchers analysing the impact of AI on accounting information. Our study aims to determine the impact of AI on accounting information, on the one hand, and earnings management, on the other, using a bibliometric analysis that examines trends in scientific output. Our analysis was based on the use of the Bibliometrix package of RStudio software. The information is obtained from the “Web of Science” database, which identified 98 articles published in 37 journals that are the subject of our bibliometric analysis for the period 2017–2025. Our study shows that integrating AI into accounting can resolve the problem of information asymmetry, increase the transparency of financial information, and both limit earnings management practices and promote more sophisticated forms of earnings management. The bibliometric results show an increase in scientific output on our topic from 2023 onwards, reaching its peak in 2025. Bibliometric analysis presents productivity over time, identifies the most developed topics and the most cited authors and articles, and reveals the most frequently used keywords. This study provides guidance for future research directions. Full article

(This article belongs to the Special Issue Financial Accounting)

► Show Figures

Figure 1

22 pages, 1672 KB

Open AccessArticle

Effects of the Recognition, Measurement, and Disclosure of Biological Assets Under IAS 41 on Value Creation in Colombian Agribusinesses

by Iván Andrés Ordóñez-Castaño, Angélica María Franco-Ricaurte, Edila Eudemia Herrera-Rodríguez and Luis Enrique Perdomo Mejía

J. Risk Financial Manag. 2026, 19(1), 11; https://doi.org/10.3390/jrfm19010011 - 23 Dec 2025

Viewed by 477

Abstract

This article examines how the recognition, measurement, and disclosure of biological assets (BAs) under IAS 41 affect value creation in Colombian agribusinesses following IFRS adoption. Using EMIS Benchmark data for Colombia, we construct a panel of 157 agro-industrial firms that are neither subsidiaries [...] Read more.

This article examines how the recognition, measurement, and disclosure of biological assets (BAs) under IAS 41 affect value creation in Colombian agribusinesses following IFRS adoption. Using EMIS Benchmark data for Colombia, we construct a panel of 157 agro-industrial firms that are neither subsidiaries of multinationals nor listed on the stock exchange; the panel covers 2012–2022, spanning the period before and after IFRS adoption. The database combines accounting and financial indicators with categorical variables capturing the scope of activities, valuation methods (historical cost, realisable value, present value, fair value), and disclosure policies for BAs. Value creation is proxied by EBITDA, return on equity (ROE), and return on assets (ROA). We estimate fixed-effects panel models for three IFRS groups. Results show that, in Group 1, defining the accounting scope and using fair value and present value as measurement bases are associated with higher firm value, while Groups 2 and 3 display positive but statistically weaker effects. Explicit disclosure is also associated with higher profitability, particularly for SMEs. These findings are consistent with agency and firm theories: when entrepreneurial activities are recognised, measured, and disclosed consistently and transparently, information asymmetry and agency costs fall, and accounting policies become a driver of organisational performance in agribusinesses in emerging markets. The results also support the assumptions of institutional theory, as external regulatory pressures from IFRS and internal pressures arising from relationships among firms in the agro-industrial sector shape and reinforce information disclosure practices. Full article

(This article belongs to the Special Issue Financial Accounting)

► Show Figures

Figure 1

18 pages, 538 KB

Open AccessArticle

Real Options for IFRS-S1 and S2 2024 Mandatory Disclosures: An Alternative Approach to Capital Budgeting Valuation

by Victor Manuel Castillo Delgadillo and Luz del Carmen Díaz-Peña

J. Risk Financial Manag. 2025, 18(10), 540; https://doi.org/10.3390/jrfm18100540 - 25 Sep 2025

Viewed by 3353

Abstract

The new financial standards, IFRS S1 and S2, have not only modified the way financial reporting is presented to diverse stakeholders but have also increased uncertainty. These changes make traditional valuation methods inadequate. This article proposes the development of a valuation framework using [...] Read more.

The new financial standards, IFRS S1 and S2, have not only modified the way financial reporting is presented to diverse stakeholders but have also increased uncertainty. These changes make traditional valuation methods inadequate. This article proposes the development of a valuation framework using Real Options Valuation (ROV), which incorporates the disclosures required by S1 and S2 as inputs to the valuation model. The framework proposes a quarterly decision rule for deferring investments, parameters aligned with the new sustainability disclosures, and notes in the financial statements proposed as voluntary reporting. The results show that, under regulatory uncertainty and its associated implications, the deferral option is a more effective technique than the Net Present Value method. For professionals responsible for the valuation process, the proposed model serves as a practical guide for applying the ROV within the capital budgeting process. For investors, it provides an additional element of transparency through disclosure and alignment with other existing accounting standards. This work lays the groundwork for future empirical applications as companies adapt to the implementation of new accounting standards and their associated reporting. Full article

(This article belongs to the Special Issue Financial Accounting)

► Show Figures

Figure 1

19 pages, 317 KB

Open AccessArticle

The Influence of Institutional Pressures and Personal Attributes on Perceived Importance of Financial Reporting Among Micro-Entrepreneurs: Evidence from Malaysia

by Mazni Abdullah and Nur Jannah Jamaluddin

J. Risk Financial Manag. 2025, 18(10), 537; https://doi.org/10.3390/jrfm18100537 - 24 Sep 2025

Viewed by 1102

Abstract

This study examines the influence of institutional pressures and personal attributes on the perceived importance of financial reporting among micro-entrepreneurs in Malaysia. Survey data from 194 micro-entrepreneurs were analyzed using ordinary least squares (OLS) regression to test the proposed hypotheses. The results indicate [...] Read more.

This study examines the influence of institutional pressures and personal attributes on the perceived importance of financial reporting among micro-entrepreneurs in Malaysia. Survey data from 194 micro-entrepreneurs were analyzed using ordinary least squares (OLS) regression to test the proposed hypotheses. The results indicate that institutional pressures from Malaysian regulatory bodies, particularly the Inland Revenue Board, and the financial literacy of micro-entrepreneurs are significantly associated with stronger perceptions of the importance of financial reporting. These findings offer practical insights for policymakers and stakeholders seeking to enhance reporting practices and promote financial literacy within the microenterprise sector. While prior research has largely concentrated on small and medium-sized enterprises (SMEs), the financial reporting practices of micro-enterprises remain underexplored, despite their distinctive characteristics and critical role in the economy. By addressing this gap, this study enriches the financial reporting literature and advances a broader understanding of micro, small, and medium-sized enterprises (MSMEs). Full article

(This article belongs to the Special Issue Financial Accounting)

23 pages, 1225 KB

Open AccessArticle

Accounting Outsourcing in Tourism SMEs and Financial Risk Mitigation

by Ioulia Poulaki, Anna Kyriakaki and Eleni Mavragani

J. Risk Financial Manag. 2024, 17(12), 528; https://doi.org/10.3390/jrfm17120528 - 21 Nov 2024

Cited by 3 | Viewed by 3529

Abstract

This paper aims to investigate the characteristics of outsourcing in accounting services for tourism SMEs as a choice to mitigate their financial risk. The research was carried out in summer 2022, during tourism recovery from the COVID-19 pandemic crisis, while the findings indicate [...] Read more.

This paper aims to investigate the characteristics of outsourcing in accounting services for tourism SMEs as a choice to mitigate their financial risk. The research was carried out in summer 2022, during tourism recovery from the COVID-19 pandemic crisis, while the findings indicate that the majority of tourism SMEs choose to outsource their accounting services in order to reduce operating costs; to save their funds by exploiting a partner’s information systems; to take advantage of a partner’s accounting knowledge; to achieve greater flexibility in their core activities; and to speed up the processing of the accounting tasks in order to deal with any arising problems and/or difficulties. Furthermore, it is evident that in a constantly changing and complex tax system and a changing economic landscape, accounting outsourcing provides tourism SMEs with advantages such as already established processes, expertise, technology, consulting support, and pathways for dealing with the various accounting issues that may arise. Full article

(This article belongs to the Special Issue Financial Accounting)

► Show Figures

Figure 1

19 pages, 951 KB

Open AccessArticle

Market Mavericks in Emerging Economies: Redefining Sales Velocity and Profit Surge in Today’s Dynamic Business Environment

by Enkeleda Lulaj, Blerta Dragusha and Donjeta Lulaj

J. Risk Financial Manag. 2024, 17(9), 395; https://doi.org/10.3390/jrfm17090395 - 4 Sep 2024

Cited by 7 | Viewed by 3178

Abstract

This research aims to explore market mavericks by redefining sales velocity and profit surge in today’s dynamic business environment in emerging economies. The study focuses on the interplay between Sales Excellence (SE), Sales Capability (SC), Market Alignment (MA), Strategic Responsiveness (SR), and Dynamic [...] Read more.

This research aims to explore market mavericks by redefining sales velocity and profit surge in today’s dynamic business environment in emerging economies. The study focuses on the interplay between Sales Excellence (SE), Sales Capability (SC), Market Alignment (MA), Strategic Responsiveness (SR), and Dynamic Sales Management (DSM). Data from 180 companies (2021–2023), provided by financial leaders, were analyzed using SPSS (23.0) and AMOS (23.0) software. The analysis employed exploratory factor analysis (EFA), reliability analysis, and confirmatory factor analysis (CFA). The results highlight the critical role of these factors in shaping market mavericks and their significant impact on sales and profits in emerging economies. Specifically, SE enhances sales and profits when supported by effective strategies, SC drives organizational change by aligning service quality with SE, and MA drives sales velocity and profit surges through accurate forecasting. SR positively influences sales results by aligning sales with corporate strategy, while DSM is critical for motivating salespeople and shows strong links to SC and SR for successful adaptation in a dynamic business environment. The study reveals the interdependence of these factors and emphasizes the need for seamless integration and coordination to drive effective organizational change. These findings have significant implications for corporations seeking to improve their sales strategies and achieve sustainable growth in a rapidly evolving marketplace in emerging economies. This research explores market mavericks, redefines sales velocity and profit surge, and provides valuable insights into the critical factors shaping market mavericks and their impact on sales and profits. It offers guidance for organizations seeking sustainable growth. Full article

(This article belongs to the Special Issue Financial Accounting)

► Show Figures

Figure 1

25 pages, 393 KB

Open AccessArticle

The Impact of Stock Price Crash Risk on Bank Dividend Payouts

by Justin Yiqiang Jin and Yi Liu

J. Risk Financial Manag. 2024, 17(5), 209; https://doi.org/10.3390/jrfm17050209 - 15 May 2024

Cited by 1 | Viewed by 3952

Abstract

In this study, we examine whether and how banks employ dividend payout policies in response to the risk of stock price crashes. Using a sample of U.S. banks, we find that banks increase their dividend payouts when faced with a higher risk of [...] Read more.

In this study, we examine whether and how banks employ dividend payout policies in response to the risk of stock price crashes. Using a sample of U.S. banks, we find that banks increase their dividend payouts when faced with a higher risk of stock price crashes. In addition, we find that well-capitalized banks tend to pay more dividends when the risk of a stock price crash is elevated. This aligns with the regulatory pressure theory that banks distribute dividends when they have sufficient capital that meets or exceeds the regulatory standards. This is also in line with the signaling theory that dividend payments reflect a bank’s confidence in its financial health. Furthermore, we find that financially opaque banks tend to make more dividend payments when they are at a higher risk of stock price crashes. This supports the agency cost theory, suggesting that dividends counterbalance the need to monitor bank managers in less transparent reporting environments. Full article

(This article belongs to the Special Issue Financial Accounting)

12 pages, 326 KB

Open AccessArticle

An Alignment of Financial Signaling and Stock Return Synchronicity

by Tarek Eldomiaty, Islam Azzam, Karim Tarek Hamed Afifi and Mohamed Hashim Rashwan

J. Risk Financial Manag. 2024, 17(4), 162; https://doi.org/10.3390/jrfm17040162 - 16 Apr 2024

Cited by 2 | Viewed by 4597

Abstract

Financial signaling and stock return synchronicity may not be at crossroads. This paper optimizes the signaling effect of firms’ financial indicators on stock return synchronicity. The ultimate objective is to align firms’ financial signaling and stock return synchronicity, which implies a benefit of [...] Read more.

Financial signaling and stock return synchronicity may not be at crossroads. This paper optimizes the signaling effect of firms’ financial indicators on stock return synchronicity. The ultimate objective is to align firms’ financial signaling and stock return synchronicity, which implies a benefit of hedging against fluctuations in the stock market index. The data cover quarterly periods from June 1992 to March 2022 for the non-financial firms listed in the DJIA30 and NASDAQ100. This paper examines the observed return synchronicity as the dependent variable. The independent variables are classified into six groups namely, Solvency (or Liquidity) ratios, Assets Efficiency ratios, Expense Control ratios, Debt (or Leverage) ratios, Profitability ratios, and Dividend ratios. The analysis is conducted on two different groups. The first group examines the observed firms’ financials that affect observed stock return synchronicity. The second group examines optimal firms’ financials that help optimize stock return synchronicity. The final results show that (a) current stock return synchronicity is affected positively by cash ratio, and negatively by receivables and historical growth of earnings; (b) optimal stock return synchronicity can be elevated using significant financial indicators namely, Inventory/Current Assets, Net Working Capital/Total Assets, Net worth/Fixed Assets, and Sales Annual Growth; (c) agency conflicts between managers and shareholders can be mitigated by the aforementioned financial indicators, which do not include debt financing being the common source of agency conflicts; and (d) dividends are still insignificant to stock return synchronization. Full article

(This article belongs to the Special Issue Financial Accounting)

Journal Menu

Journal Browser

Financial Accounting

Share This Special Issue

Special Issue Editor

Special Issue Information

Keywords

Benefits of Publishing in a Special Issue

Published Papers (8 papers)

Research

Further Information

Guidelines

MDPI Initiatives

Follow MDPI