Since 1965 Abacus has consistently provided a vehicle for the expression of independent and critical thought on matters of current academic and professional interest in accounting, finance and business. The journal reports current research; critically evaluates current developments in theory and practice; analyses the effects of the regulatory framework of accounting, finance and business; and explores alternatives to, and explanations of, past and current practices.

Since its inception in 1965, the journal Abacus has consistently served as a platform for independent and critical thought on issues of current academic and professional interest in accounting, finance, and business. The journal reports on current research, critically evaluates recent developments in theory and practice, analyzes the impact of the regulatory framework on accounting, finance, and business, and explores alternatives to and explanations for past and present practices.

自1965年以来，《Abacus》期刊始终为会计、金融和商业领域的独立和批判性思考提供了一个平台。该期刊报道当前的研究，批判性地评估理论和实践中的最新发展，分析会计、金融和商业的监管框架的影响，并探索过去和现在实践的替代方案及其解释。

Abacus

This paper provides evidence on the choices made by European firms when measuring non‐controlling interest (NCI) and goodwill. Since 2009, IFRS 3 allows measurement of NCI either at fair value (full goodwill method) or at the proportionate share of net assets (partial goodwill method). IFRS 3 allows this policy choice on a per transaction basis. Our data comprise 188 hand‐collected firm choices in connection with business combinations with remaining NCI, between 2010 and 2016. We use the theoretical framework developed by Stadler and Nobes (2014) explaining differences in firms’ choices of overt accounting options by country, industry, and firm‐specific topic factors. Based on univariate and multivariate analyses, we find that transaction‐specific and firm‐specific topic factors influence accounting policy choice, whereas country and industry factors do not. The choice has different effects on financial leverage and operating returns, which inform firm‐level preferences. Regarding choices made at the transaction level, we find acquirers with an intention to buy additional shares from non‐controlling shareholders tend to prefer the full goodwill method. Thus, the choice of accounting method conveys information to users about future additional acquisitions and has implications for standard setters, indicating that offering choices at transaction level may increase the forward‐looking content of financial statements.

Matilda Hellman Aasen

Niclas Hellman

Tomas Hjelström

Jasmina T. White

A Note on the Determinants of <scp>IFRS</scp> Policy Choice When Accounting for Non‐controlling Interest and Goodwill

关于非控制性权益和商誉会计处理时<scp>IFRS</scp>政策选择决定因素的说明

Accountability in collaborative public governance initiatives and in digital era governance is under‐researched, especially in the context of crisis and where issues are debated in a social forum. Accountability considerations are considered particularly important in collaborative governance arrangements, which are of growing relevance for delivering public services. This study, anchored in notions of digital accountability, analyzes debate in a social media forum about a collaborative governance initiative implemented during a crisis. The empirical case is the Austrian contact tracing app, a digital innovation considered key in managing the COVID‐19 pandemic. The study makes several contributions. First, it is one of the first to focus on the crucial role of debate in digital accountability in collaborative governance. Second, the study shows that the debate extends beyond the mere content of the innovation, highlighting the need to consider the ‘ecology’ of other (digital) tools, measures, and policies for crisis mitigation in parallel. Third, the study sheds light on the temporal dynamics of accountability in crisis response. The study contributes conceptually to an enhanced understanding of the expertise of actors in delivering and receiving digital public services. It also contributes to a management perspective of digital accountability, which is important given the potential implications for (non)acceptance of public sector innovations in crises and beyond. An enhanced understanding is possibly even more crucial for innovations requiring citizen co‐production in sensitive areas such as health.

Tobias Polzer

Selin Öner

Digital Accountability in Collaborative Public Governance in Times of Crisis: Analysing the Debate in a Polarized Social Forum

危机时期协作公共治理中的数字问责：分析极化社会论坛中的辩论

This paper investigates the effect of family ownership on corporate misconduct and its subsequent consequences. We argue that the reduced Type I agency conflicts (conflicts between managers and shareholders) in family firms may create an alignment effect, thereby curbing managerial misbehaviour. In contrast, the more severe Type II agency issues (conflicts between family owners and other shareholders) may induce an entrenchment effect, potentially fostering misconduct in these firms. Whether and how family ownership affects firm misconduct remains an empirical question. Through a research design that analyzes both types of agency conflict across various combinations of ownership and management control, our study of S&amp;P 500 firms in the US suggests that family ownership tends to restrain firm misconduct. Specifically, family firms with externally hired CEOs effectively mitigate Type I agency problems and deter misconduct. Further analyses of misconduct consequences show that family ownership mitigates the negative effect of misconduct on firms’ credit ratings, particularly in firms with outside‐hired CEOs. Moreover, family firms encounter less adverse market reactions in response to disclosures of misconduct penalties.

Lele Chen

Jennifer Yin

Corporate Misconduct and Subsequent Consequences in Family Firms

家族企业中的企业不当行为及其后续影响

Using exogenous regulatory changes that have gradually removed short‐sale restrictions in China's stock exchanges, we examine how such deregulation influences firms’ corporate social responsibility (CSR) reporting. Our findings indicate a significant improvement in the calibre of CSR reporting among firms designated as qualified for short selling in a deregulation pilot program (pilot firms) compared to non‐pilot firms. Moreover, our empirical evidence shows that the improvement in CSR reporting practices is greater for pilot firms experiencing stronger downward price pressure, negative earning news, higher bankruptcy risk, greater ownership concentration, and those classified as state‐owned enterprises. These results demonstrate that firms susceptible to price declines from short selling utilize CSR reporting as a visible and credible signal to safeguard and enhance corporate reputation, garnering increased stakeholder support.

Xiao Liang

Xiaomeng Charlene Chen

Nurul Alam

The Signalling Effect of Corporate Social Responsibility Reporting: Evidence From Short Selling

企业社会责任报告的信号效应：来自卖空行为的证据

The widespread communication and interaction between small investors on social media in the capital market has resulted in the formation of a social media network specific to listed companies. Using a unique dataset from an active online stock forum in China, we construct a social media network of listed companies by assigning listed companies as nodes and common commenters who post in each of the subforums for two listed companies in a year as edges. Then, we investigate the relationship between the network centrality of the listed companies and stock price synchronicity. The results show that there is a significantly negative relationship between the social network centrality of listed companies and stock price synchronicity, indicating that social media networks can improve the price efficiency of capital markets. The mechanism analysis shows that social media networks can produce more corporate‐specific information and improve the efficiency of information dissemination, thus reducing stock price synchronicity.

短名	Abacus
Journal Impact	2.44
国际分区	BUSINESS, FINANCE(Q2)
期刊索引	SCI Q3中科院 4 区

ISSN	0001-3072, 1467-6281
h-index	53
国内分区	管理学(4区)管理学商业财政与金融(4区)

涉及主题	业务经济会计财务政治学计算机科学法学数学哲学管理
出版信息	出版商: Wiley-Blackwell Publishing Ltd，出版周期: ，期刊类型: journal，开源期刊: 否
基本数据	创刊年份: 1965，原创研究文献占比: 100.00%，自引率:8.00%， Gold OA占比: 17.44%

Abacus

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A Note on the Determinants of IFRS Policy Choice When Accounting for Non‐controlling Interest and Goodwill

Digital Accountability in Collaborative Public Governance in Times of Crisis: Analysing the Debate in a Polarized Social Forum

Corporate Misconduct and Subsequent Consequences in Family Firms

The Signalling Effect of Corporate Social Responsibility Reporting: Evidence From Short Selling

Social Media Networks and Stock Price Synchronicity: Evidence from a Chinese Stock Forum

A Note on the Determinants of IFRS Policy Choice When Accounting for Non‐controlling Interest and Goodwill

Corporate Misconduct and Subsequent Consequences in Family Firms

Digital Accountability in Collaborative Public Governance in Times of Crisis: Analysing the Debate in a Polarized Social Forum

The Signalling Effect of Corporate Social Responsibility Reporting: Evidence From Short Selling

Social Media Networks and Stock Price Synchronicity: Evidence from a Chinese Stock Forum