Search for Articles:
Title / Keyword
Author / Affiliation / Email
Journal
Article Type
 
 
Advanced Search
 
Section
Special Issue
Volume
Issue
Number
Page
 
3.8
2.0
Journals
Risks
Special Issues
Accounting, Financial Reporting, and Disclosure
share announcement

Accounting, Financial Reporting, and Disclosure

A special issue of Risks (ISSN 2227-9091).

Deadline for manuscript submissions: closed (28 February 2023) | Viewed by 30540

Special Issue Editors

Prof. Dr. Ivana Mamić Sačer

E-Mail Website
Guest Editor
Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia
Interests: accounting; international accounting; governmental auditing; analysis of financial statements; accounting information system
Dr. Ivana Pavić

E-Mail Website
Guest Editor
Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia
Interests: international accounting, governmental auditing, analysis of financial statements

Special Issue Information

Dear Colleagues,

From its ancient roots, accounting has always been recognized as a very important source of information for business operations. Financial information prepared by accounting is of great importance to many different users. In times of globalisation, the COVID-19 pandemic and environmental protection, accounting is still a leading factor in the protection of investors, lenders, government, stakeholders and others, but also plays a role in the protection of the environment. Changes have been made to financial reporting and disclosure to help gain better-quality information.

This Special Issue, ‘’Accounting, Financial Reporting, and Disclosure’’, concerns the newest research in the field of accounting and financial reporting, dedicated to improving the quality of accounting information for its users.

Prof. Dr. Ivana Mamić Sačer
Dr. Ivana Pavić
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Risks is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • accounting and sustainability reporting
  • accounting estimates and accounting policies
  • accounting for SMEs
  • accounting information system
  • analysis of financial statements
  • annual report
  • integrated reporting
  • international accounting
  • international financial reporting standards
  • national financial reporting standards

Benefits of Publishing in a Special Issue

  • Ease of navigation: Grouping papers by topic helps scholars navigate broad scope journals more efficiently.
  • Greater discoverability: Special Issues support the reach and impact of scientific research. Articles in Special Issues are more discoverable and cited more frequently.
  • Expansion of research network: Special Issues facilitate connections among authors, fostering scientific collaborations.
  • External promotion: Articles in Special Issues are often promoted through the journal's social media, increasing their visibility.
  • e-Book format: Special Issues with more than 10 articles can be published as dedicated e-books, ensuring wide and rapid dissemination.

Further information on MDPI's Special Issue polices can be found here.

Published Papers (7 papers)

Download All Papers
Order results
Result details
Show export options expand_more Show export options expand_less
Select all
Export citation of selected articles as:

Research

35 pages, 1388 KiB  
Article
CEO Social Capital and the Value Relevance of Accounting Metrics
by Michael S. Luehlfing, William R. McCumber and Huan Qiu
Risks 2023, 11(4), 78; https://doi.org/10.3390/risks11040078 - 18 Apr 2023
Cited by 1 | Viewed by 2493
Abstract
Equity investors value CEO social capital when pricing firm equity. When CEO social capital is high, the value relevance of the book value of equity declines, whereas the value relevance of earnings measures increases. Results are stronger for firms in high-tech industries where [...] Read more.
Equity investors value CEO social capital when pricing firm equity. When CEO social capital is high, the value relevance of the book value of equity declines, whereas the value relevance of earnings measures increases. Results are stronger for firms in high-tech industries where information asymmetries are higher. Social capital may be deconstructed into informational and reputational effects and we report that social capital is a meaningful determinant of value relevance in both scenarios. Results are robust to alternative variable definitions, controls and tests for endogeneity. The results strongly suggest that CEO social capital improves the information environment around firms, benefiting users of accounting metrics. Full article
(This article belongs to the Special Issue Accounting, Financial Reporting, and Disclosure)
►▼ Show Figures

Figure 1

22 pages, 1368 KiB  
Article
The Impact of Blockchain on the Quality of Accounting Information: An Iraqi Case Study
by Bashaer Khudhair Abbas Alkafaji, Mahmoud Lari Dashtbayaz and Mahdi Salehi
Risks 2023, 11(3), 58; https://doi.org/10.3390/risks11030058 - 10 Mar 2023
Cited by 17 | Viewed by 8565
Abstract
This paper aims to investigate the impact of blockchain on the quality of the information in listed and non-listed companies in Iraq; the temporal scope of this study is 2022. The statistical population of this research is divided into two parts: one part [...] Read more.
This paper aims to investigate the impact of blockchain on the quality of the information in listed and non-listed companies in Iraq; the temporal scope of this study is 2022. The statistical population of this research is divided into two parts: one part is related to the level of familiarity with blockchain technology of accountants, independent auditors, managers, etc., and the other part is related to the effect of blockchain technology on the quality of accounting information. The sample size is determined based on Cochran’s formula, among which 1528 respondents were selected as a sample size. The results of the hypothesis testing showed that in both listed and non-listed companies, familiarity with blockchain technology had increased the quality of information. In this way, blockchain technology has positively and significantly impacted the quality of accounting information. This means that the impact of IT (Blockchain) on the quality of accounting information is the same for Iraqi listed and non-listed companies. Since the current research has been investigated in an emerging market such as Iraq, it can bring helpful information to readers in this field. Full article
(This article belongs to the Special Issue Accounting, Financial Reporting, and Disclosure)
►▼ Show Figures

Figure 1

16 pages, 399 KiB  
Article
Linking Financial Performance with CEO Statements: Testing Impression Management Theory
by Lonwabo Mlawu, Frank Ranganai Matenda and Mabutho Sibanda
Risks 2023, 11(3), 55; https://doi.org/10.3390/risks11030055 - 8 Mar 2023
Cited by 4 | Viewed by 2738
Abstract
The purpose of this study was to analyze the impact of financial performance on the tone used in the chief executive officer (CEO) statements of South Africa’s (SA) top 40 JSE-listed companies in the 2021 financial year. This study implements the quantile regression [...] Read more.
The purpose of this study was to analyze the impact of financial performance on the tone used in the chief executive officer (CEO) statements of South Africa’s (SA) top 40 JSE-listed companies in the 2021 financial year. This study implements the quantile regression analysis and the generalized linear regression model. To perform this assessment, the integrated annual reports (IARs) containing the CEO and annual financial statements for the top 40 JSE-listed companies were extracted from their official websites. The tone level in CEO statements was determined using Azure Machine Learning (AML). This study’s findings reveal that financial performance has a positive impact on the tone of CEO statements of the top 40 JSE-listed companies, i.e., as financial performance improves, the positive tone in CEO statements also increases. Additionally, results revealed that moderately and extremely profitable companies use a more positive tone. It is recommended that users of financial statements should carefully scrutinize the tone used in CEO statements, to identify whether or not it is aimed at concealing poor performance or motivated by good performance. The study contributes to the limited tone-management literature in developing countries and in SA in particular. The computerized techniques offered by both the Statistical Package for Social Sciences (SPSS) and AML secures the validity and reliability of the content analysis, therefore, the study’s shortcomings do not compromise the generalizability of the results. The study’s sample truly represents all of the JSE’s listed companies. Full article
(This article belongs to the Special Issue Accounting, Financial Reporting, and Disclosure)
15 pages, 396 KiB  
Article
An Analysis of the Readability of the Chairman’s Statement in South Africa
by Sinethemba Mankayi, Frank Ranganai Matenda and Mabutho Sibanda
Risks 2023, 11(3), 54; https://doi.org/10.3390/risks11030054 - 7 Mar 2023
Cited by 10 | Viewed by 3531
Abstract
Board members and the chairman of the board must provide shareholders and other stakeholders with annual reports that include the chairman’s statement. The statement provides an important message to stakeholders concerning financial performance, non-financial information and future outlook of the company. Stakeholders are [...] Read more.
Board members and the chairman of the board must provide shareholders and other stakeholders with annual reports that include the chairman’s statement. The statement provides an important message to stakeholders concerning financial performance, non-financial information and future outlook of the company. Stakeholders are concerned about the transparency and usefulness of the disclosed as this would have an impact on whether the chairman’s message is readable or not. The purpose of this study is to evaluate whether messages from the chairman of the board are readable or not. A sample of 40 Johannesburg Stock Exchange listed companies, for the financial period ending 2021, was selected to meet the study objectives. The Gunning Fog Index (Fog index) was applied to assess the readability of the chairman’s statement. The study found that it was difficult to read the chairman’s statements for the selected corporations and South African companies. Full article
(This article belongs to the Special Issue Accounting, Financial Reporting, and Disclosure)
24 pages, 1815 KiB  
Article
Risk Factor Disclosures in the US Airline Industry Following the COVID-19 Pandemic
by Daniela Penela and Miguel Palma
Risks 2023, 11(2), 34; https://doi.org/10.3390/risks11020034 - 7 Feb 2023
Cited by 1 | Viewed by 5949
Abstract
This study examines how airlines in the United States report risk at a difficult and uncertain time as a result of the COVID-19 pandemic. The fundamental differences between the years 2019 and 2020 are identified using Leximancer, which is used to locate the [...] Read more.
This study examines how airlines in the United States report risk at a difficult and uncertain time as a result of the COVID-19 pandemic. The fundamental differences between the years 2019 and 2020 are identified using Leximancer, which is used to locate the key ideas and themes addressed in the risk reporting sections. Following the pandemic, the themes that addressed generic and recurring hazards were afforded less weight than themes that highlighted risks particular to day-to-day business and the stock market. The findings also point to the need for corporations to disclose future-oriented risks more fully in post-COVID-19 reporting, with an emphasis on unpredictability, stock volatility, and operational disruption. This study adds to the body of knowledge on risk profiling, particularly as it relates to the airline business, and it offers stakeholders and investors a glimpse into the general concerns of airlines. The inherent information imbalance between management and investors is lessened and transparency is increased because of this improved understanding of the market. Full article
(This article belongs to the Special Issue Accounting, Financial Reporting, and Disclosure)
►▼ Show Figures

Figure 1

15 pages, 452 KiB  
Article
Effect of Family Control on Earnings Management: The Role of Leverage
by Sri Murni, Rahmawati Rahmawati, Ari Kuncara Widagdo, Eko Arief Sudaryono and Doddy Setiawan
Risks 2023, 11(2), 28; https://doi.org/10.3390/risks11020028 - 25 Jan 2023
Cited by 4 | Viewed by 3074
Abstract
This study aims to examine whether family control has a positive effect on earnings management of manufacturing companies and whether leverage weakens the positive effect of family control on earnings management. This study uses panel data for the 2015–2019 observation year. The research [...] Read more.
This study aims to examine whether family control has a positive effect on earnings management of manufacturing companies and whether leverage weakens the positive effect of family control on earnings management. This study uses panel data for the 2015–2019 observation year. The research population consists of companies listed on the Indonesian capital market. Sample selection was performed with a purposive sampling approach using certain criteria, namely: the company was not delisted during the observation period; the company has complete research data; and that the company is included in the criteria for family companies. The sample of the study consists of 84 companies with a total of 419 observations. We use panel data regression to prove our hypotheses. The findings of our research show that family control has a positive effect on earnings management and leverage weakens the positive effect of family control on earnings management. Additional tests confirm the main test. The implications of our research are expected to be input for determining regulations and policies related to restrictions on majority shareholders to protect minority shareholders. Full article
(This article belongs to the Special Issue Accounting, Financial Reporting, and Disclosure)
13 pages, 398 KiB  
Article
Size-Threshold Effect in the Capital Structure–Firm Performance Nexus in the MENA Region: A Dynamic Panel Threshold Regression Model
by Eman Fathi Attia, Hamsa hany Ezz Eldeen and Sameh said Daher
Risks 2023, 11(2), 23; https://doi.org/10.3390/risks11020023 - 17 Jan 2023
Cited by 10 | Viewed by 2853
Abstract
This paper investigates the nonlinear relationship between capital structure and firm performance in the MENA region using a sample of 499 listed firms over the 2007–2020 period, or 6986 firm-year observations. Specifically, we examine the size-threshold effect in the capital structure–firm performance nexus. [...] Read more.
This paper investigates the nonlinear relationship between capital structure and firm performance in the MENA region using a sample of 499 listed firms over the 2007–2020 period, or 6986 firm-year observations. Specifically, we examine the size-threshold effect in the capital structure–firm performance nexus. To do so, this study applies a dynamic panel threshold regression model (DPTR). The findings show that there is a nonlinear relationship between debt and firm performance (Tobin’s Q, ROA, and ROE). Specifically, the threshold values of firm size for the three models are estimated at 9.126 (about $1 million), 15.48 (about $5 million), and 16.816 (about $20 million), respectively, between the low- and the high-sized regimes. In the lower regime, the firm’s value (Q) increases when debt increases; however, in the higher regime, this value decreases when debt increases. Furthermore, in the lower regime, the performances (ROA and ROE) of small firms decrease when debt increases; however, in the upper regime, when debt increases, the performances of large firms increase. The results are several robustness tests. These results support the predictions of signal, pecking order, and trade-off theories. Managers of large (small) MENA firms should increase (decrease) the use of debt to improve performance. Full article
(This article belongs to the Special Issue Accounting, Financial Reporting, and Disclosure)
Show export options expand_more Show export options expand_less
Select all
Export citation of selected articles as:
 
Displaying articles 1-7
Back to TopTop