Search results

1 – 9 of 9
To view the access options for this content please click here
Article

Stefano Azzali and Tatiana Mazza

The purpose of this paper is to analyze the effects of financial restatements (FRs) on the likelihood of the top management team (TMT) dismissal. It investigates the…

Abstract

Purpose

The purpose of this paper is to analyze the effects of financial restatements (FRs) on the likelihood of the top management team (TMT) dismissal. It investigates the effects of types of FRs [corrective note and reissuance of financial statement (RFS)], of FR severity and of FR related to international financial reporting standards (IFRSs) easy or difficult-to-estimate.

Design/methodology/approach

The authors hand-collect: data about 96 FRs from the Italian public oversight board documents; chief executive officer (CEO) name, chairman name, year of the financial statement under investigation, total assets and operating income, from their financial statement. The authors use multivariate regression to test the effects of FRs on the probability of TMT dismissal.

Findings

The authors find that the RFS leads to a higher likelihood of chairman dismissal. A greater magnitude of misrepresentation on income statements, and FRs, which decrease net income, increase the likelihood of CEO dismissal. Difficult-to-estimate IFRSs increases the likelihood of CEO dismissal.

Originality/value

FRs are significant determinants of the CEO/chairman dismissal. The authors show that FRs directly involving shareholders (RFS) have negative consequences on the chairman of the board of directors, while the CEO is more affected by FRs that involve technical factors (FR severity or financial statement associated with difficult-to-estimate IFRSs).

Details

Corporate Governance: The International Journal of Business in Society, vol. 20 no. 3
Type: Research Article
ISSN: 1472-0701

Keywords

To view the access options for this content please click here
Article

Alice Medioli, Stefano Azzali and Tatiana Mazza

Although tax-motivated income shifting has been widely explored, no studies have as yet analyzed the association between ownership structure and management decisions about…

Abstract

Purpose

Although tax-motivated income shifting has been widely explored, no studies have as yet analyzed the association between ownership structure and management decisions about income shifting. The ownership structure of multinational groups is characterized by different levels of minority interests, and our aim is to establish whether income shifting is explained by the aim of expropriation of minorities, as well as taxation avoidance.

Design/methodology/approach

We collect data on a sample of European parent companies located in five countries and their foreign subsidiaries, and run a multivariate regression based on the Huizinga and Laeven (2008) model.

Findings

Our results support the idea of minority expropriation, finding evidence of ownership-motivated income shifting. We also find that the level of minority protection affects ownership-motivated income shifting, and that, when both are present, expropriation is statistically significant.

Research limitations/implications

Although the study looks at a wide range of subsidiaries, a limitation may be that it examines only firms having parent companies in five European countries. Further research would overcome this limitation and extend the literature and take into account other income-shifting contextual variables. Our results may lead regulators to pay more attention to the protection of minority interests.

Practical implications

This research offers insights to companies and investors, and should help them to make better-informed decisions and evaluate the best contexts for investments.

Originality/value

This study enriches the literature on income shifting by revealing that it can be caused by factors other than the desire to avoid taxation. It suggests that ownership structure is crucial.

Details

Management Decision, vol. 58 no. 12
Type: Research Article
ISSN: 0025-1747

Keywords

To view the access options for this content please click here
Article

Tatiana Mazza and Katia Furlotti

This paper aims to analyse the quality of Code of Ethics from the point of view of employees. In particular, the research aims to investigate which are the companiesā€…

Abstract

Purpose

This paper aims to analyse the quality of Code of Ethics from the point of view of employees. In particular, the research aims to investigate which are the companiesā€™ characteristics that influence the publication of a Code of Ethics and the Code of Ethics Quality from the employee perspective.

Design/methodology/approach

The authors use Italian listed companies and perform a manual content analysis on their Code of Ethics based on keywords related to the stakeholder employees. The authors perform regression models to investigate the determinants, using financial reporting data and companiesā€™ information (i.e. industry).

Findings

The findings show that Code of Ethics are developed among large firms. A healthy and safe environment and a clear leadership are developed by firms with high grow rates. Equal employment opportunities and competent leadership are developed by firms with low financial distress. The need of effective communication for consensus seems more visible in Public Administration. Private sectors pay more attention to competent leadership, while firms in Trade take care on equal opportunities for employees.

Originality/value

At present, much of the codes of ethicsā€™ research are focussed on the content and the effectiveness of codes of ethics, on the reasons, on the benefits and limitations of this tool, but few studies investigate the quality of codes of ethics and, even fewer the specific stakeholder employees. This study aims to improve the debate related to the elements affecting quality in codes of ethics, with particular attention to the rules that guide the relationship between companies and their employees.

Details

Social Responsibility Journal, vol. 16 no. 8
Type: Research Article
ISSN: 1747-1117

Keywords

To view the access options for this content please click here
Article

Pier Luigi Marchini, Tatiana Mazza and Alice Medioli

Following the contingency perspective, this paper aims to examine if a good corporate governance structure is able to reduce earnings management made through related party…

Abstract

Purpose

Following the contingency perspective, this paper aims to examine if a good corporate governance structure is able to reduce earnings management made through related party transactions. The authors expect that a high-quality corporate governance influences private benefit acquisition and reduces the positive association between related party transactions and earnings management.

Design/methodology/approach

A two-stage least squares instrumental variable approach is used to further address endogeneity concerns in this study. The model is organized into three parts: the construction of the corporate governance indicator, the first stage regression to compute the predicted corporate governance indicator and the second stage regression (ordinary least squares multivariate regressions) to analyze the relationship between related party transactions and earnings management. The analysis focuses on a sample of Italian listed companies over the period 2007-2012.

Findings

The study finds that the interaction between sales-related party transactions and corporate governance is negatively associated with abnormal accruals, signaling that corporate governance quality reduces the positive association between sales-related party transactions and earnings management, consistently with the contingency perspective.

Originality/value

The research contributes to literature by empirically testing the assumption of contingency perspective. In particular, the results provide new insights to the academic community, underlying that good corporate governance mechanism helps to reduce earnings management behavior through related party transactions.

Details

Corporate Governance: The International Journal of Business in Society, vol. 18 no. 6
Type: Research Article
ISSN: 1472-0701

Keywords

To view the access options for this content please click here
Article

Grace Mubako and Tatiana Mazza

The purpose of this paper is to examine the factors that are associated with internal auditorsā€™ professional turnover intentions.

Abstract

Purpose

The purpose of this paper is to examine the factors that are associated with internal auditorsā€™ professional turnover intentions.

Design/methodology/approach

The study analyzes data from responses to the Institute of Internal Auditorsā€™ (IIA) (2015) Common Body of Knowledge global survey and uses a multivariate approach to identify factors that influence internal auditor turnover intentions.

Findings

Results show that internal auditor turnover intentions are negatively associated with an academic background in accounting, possessing internal audit professional certification, and having access to more training opportunities. Turnover intentions are positively associated with organizational-professional conflict, restricted access to documents and personnel, and the existence of a program of using the internal audit function as management training ground. Differences by IIA global region highlight the diversity in the turnover challenges that face the professional globally.

Originality/value

Results from this study are important because they bring attention to issues that potentially lead to internal auditors leaving the profession. This can help the profession and organizations take measures to motivate internal auditors to remain in the profession and alleviate the current staffing challenges faced by the profession.

Details

Managerial Auditing Journal, vol. 32 no. 9
Type: Research Article
ISSN: 0268-6902

Keywords

To view the access options for this content please click here
Article

Tatiana Mazza, Stefano Azzali and Luca Fornaciari

This paper aims to test the positive relationship between audit quality (AQ) of outsourced information technology controls (ITC) and information technology audit quality…

Abstract

Purpose

This paper aims to test the positive relationship between audit quality (AQ) of outsourced information technology controls (ITC) and information technology audit quality (ITAQ).

Design/methodology/approach

Factor analysis, ordinary least squares (OLS) regressions and simulations.

Findings

Scoping and planning phases of the audit cycle account for about 69 per cent of ITAQ. The AQ of outsourced ITC is strongly and directly related to ITAQ. Improvement of AQ of outsourced ITC may be achieved through evaluation of control design and operating effectiveness by service auditor as well as direct evaluation by the client in service provider location.

Research limitations/implications

Sample size and input items in factor analysis.

Practical implications

Companies and auditors could improve ITAQ through a better organization of the scoping and planning activities; they could also improve the AQ of outsourced ITC using direct evaluation in the service provider location supplemented with service auditor reports. Regulators could refine or change laws and frameworks to take into account the factors of ITAQ and the methodology of evaluation of outsourced ITC.

Originality/value

Private data collected by questionnaire. The measures of ITAQ and the OLS model could be tested in future research, in countries with different frameworks and regulations related to AQ, different weight of outsourced information technology and other characteristics related to clients, service providers and service auditors.

Details

Managerial Auditing Journal, vol. 29 no. 9
Type: Research Article
ISSN: 0268-6902

Keywords

Content available
Article

Alan Kilgore

Abstract

Details

Managerial Auditing Journal, vol. 29 no. 9
Type: Research Article
ISSN: 0268-6902

To view the access options for this content please click here
Book part

Barbara de Lima Voss, David Bernard Carter and Bruno Meirelles Salotti

We present a critical literature review debating Brazilian research on social and environmental accounting (SEA). The aim of this study is to understand the role of…

Abstract

We present a critical literature review debating Brazilian research on social and environmental accounting (SEA). The aim of this study is to understand the role of politics in the construction of hegemonies in SEA research in Brazil. In particular, we examine the role of hegemony in relation to the co-option of SEA literature and sustainability in the Brazilian context by the logic of development for economic growth in emerging economies. The methodological approach adopts a post-structural perspective that reflects Laclau and Mouffeā€™s discourse theory. The study employs a hermeneutical, rhetorical approach to understand and classify 352 Brazilian research articles on SEA. We employ Brown and Fraserā€™s (2006) categorizations of SEA literature to help in our analysis: the business case, the stakeholderā€“accountability approach, and the critical case. We argue that the business case is prominent in Brazilian studies. Second-stage analysis suggests that the major themes under discussion include measurement, consulting, and descriptive approach. We argue that these themes illustrate the degree of influence of the hegemonic politics relevant to emerging economics, as these themes predominantly concern economic growth and a capitalist context. This paper discusses trends and practices in the Brazilian literature on SEA and argues that the focus means that SEA avoids critical debates of the role of capitalist logics in an emerging economy concerning sustainability. We urge the Brazilian academy to understand the implications of its reifying agenda and engage, counter-hegemonically, in a social and political agenda beyond the hegemonic support of a particular set of capitalist interests.

Details

Advances in Environmental Accounting & Management: Social and Environmental Accounting in Brazil
Type: Book
ISBN: 978-1-78635-376-4

Keywords

To view the access options for this content please click here
Article

Madeth May, Sébastien George and Patrick Prévôt

This paper presents a part of our research work that places an emphasis on Tracking Data Analysis and Visualization (TrAVis) tools, a webā€based system, designed to enhance…

Abstract

Purpose

This paper presents a part of our research work that places an emphasis on Tracking Data Analysis and Visualization (TrAVis) tools, a webā€based system, designed to enhance online tutoring and learning activities, supported by computerā€mediated communication (CMC) tools. TrAVis is particularly dedicated to assist both tutors and students in the task of exploiting tracking data of communication activities throughout the learning process. This paper focuses on the technical aspects of TrAVis, the visualization of students' tracking data and the experiment we have conducted in an authentic learning situation.

Design/methodology/approach

A mixture of iterative and participative approaches has been adopted for the design of TrAVis. Different versions of TrAVis were built during the progress of our research. The major changes in each build have particularly involved the conceptual design of data indicators of students' activities and the visualization techniques of the data indicators. Both case studies and experiments have been made to evaluate TrAVis.

Findings

This paper demonstrates how TrAVis provides a new experience in visualizing and analyzing students' tracking data. While it shows the originality and novelty of the system, it also reveals the potential benefits of TrAVis to both tutors and students in their online tutoring and learning activities.

Research limitations/implications

The result from the experiment is not sufficient to evaluate some specific aspects of TrAVis. As a matter of fact, the lack of user's feedback did not enable us to justify whether or not the proposed data indicators would be actually used by the users.

Practical implications

The data indicators shown in this paper are computed based on the real needs of the participants in the learning process. Online questionnaires were used and faceā€toā€face interviews have been made to study the needs of the users throughout this research work.

Originality/value

One of the particularities of this research is the proposed system, TrAVis, objectively designed to better support the tutors in the tasks of monitoring and evaluating students on CMC tools. Plus, TrAVis is distinguished from the existing systems by its capacity in computing substantial data indicators, allowing the tutors to efficiently visualize and analyze both the process and the product of students' activities.

Details

Interactive Technology and Smart Education, vol. 8 no. 1
Type: Research Article
ISSN: 1741-5659

Keywords

1 – 9 of 9