Template-Type: ReDIF-Article 1.0 Author-Name: Cennet Gürbüz Author-X-Name-First: Cennet Author-X-Name-Last: Gürbüz Author-Name: İsmail Bekci Author-X-Name-First: İsmail Author-X-Name-Last: Bekci Author-Name: Eda Oruç Erdoğan Author-X-Name-First: Eda Oruç Author-X-Name-Last: Erdoğan Title: An investigation of the impact of financial reporting standards on the quality of accounting knowledge: a sample study from Turkey Abstract: This research focuses on the changes in earnings management practices of manufacturing industry companies traded on Borsa Istanbul with the implementation of Turkish Financial Reporting Standards (TFRS) and Turkish Accounting Standards (TMS). Real earnings management and accrual-based earnings management are examined to reveal the effects of standards on the quality of accounting knowledge. In the study, panel data analysis is applied by considering the year 2005 in the separation of the periods pre- and post-TMS-TFRS. The findings point to an increase in accrual-based earnings management in the post-TMS-TFRS period. It has been determined that there has been an increase in the quality of accounting knowledge with the decrease in real earnings management practices in the post-TMS-TFRS period. The results regarding the substitutability of earnings methods show that there is a substitution between the two methods in the pre-TMS-TFRS period, but the methods complement each other after TMS-TFRS. Journal: Int. J. of Managerial and Financial Accounting Pages: 312-329 Issue: 3 Volume: 16 Year: 2024 Keywords: TMS-TFRS; accounting knowledge quality; earnings management; accrual-based earnings management; AEM; real earnings management; REM; Turkey. File-URL: http://www.inderscience.com/link.php?id=139529 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:3:p:312-329 Template-Type: ReDIF-Article 1.0 Author-Name: Ebrahim Mohammed Al-Matari Author-X-Name-First: Ebrahim Mohammed Author-X-Name-Last: Al-Matari Author-Name: Talal Fawzi Alruwaili Author-X-Name-First: Talal Fawzi Author-X-Name-Last: Alruwaili Author-Name: Mahfoudh Hussein Mgammal Author-X-Name-First: Mahfoudh Hussein Author-X-Name-Last: Mgammal Author-Name: Nasareldeen Hamed Ahmed Alnor Author-X-Name-First: Nasareldeen Hamed Ahmed Author-X-Name-Last: Alnor Author-Name: Mohammed A. Al-Bukhrani Author-X-Name-First: Mohammed A. Author-X-Name-Last: Al-Bukhrani Title: Does effectiveness of internal corporate governance and top management influence corporate performance? The role of ownership concentration Abstract: This study investigates the relationship between the efficacy of internal corporate governance and the performance of top management and the corporation. In addition, the current study investigates the moderating influence of ownership concentration on the link between the efficacy of internal corporate governance, top management, and corporate performance. This analysis included listed Saudi Arabian firms between 2014 and 2018. Moreover, this study utilised the OLS regression to examine the direct and indirect link. The findings of this study indicate that the efficacy of internal corporate governance and ownership concentration have a positive and statistically significant relationship with corporate performance (ROA). Furthermore, this study demonstrates that internal corporate governance effectiveness has a negative and statistically significant relationship with business performance (TQ). In addition, this research demonstrates that ownership concentration has a favourable correlation with corporate performance. This study is the first to examine how ownership concentration affects the relationship between efficacy of top management, corporate governance, and corporate performance. It demonstrates the importance of taking the ownership structure into account when assessing the efficiency of top management and corporate governance. In addition, the paper provides a comprehensive synthesis of top management and internal governance procedures. Journal: Int. J. of Managerial and Financial Accounting Pages: 353-379 Issue: 4 Volume: 16 Year: 2024 Keywords: internal corporate governance; ownership concentration; top management; corporate performance; Saudi Arabia. File-URL: http://www.inderscience.com/link.php?id=141711 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:4:p:353-379 Template-Type: ReDIF-Article 1.0 Author-Name: Antonio Salvi Author-X-Name-First: Antonio Author-X-Name-Last: Salvi Author-Name: Felice Petruzzella Author-X-Name-First: Felice Author-X-Name-Last: Petruzzella Author-Name: Nicola Raimo Author-X-Name-First: Nicola Author-X-Name-Last: Raimo Author-Name: Filippo Vitolla Author-X-Name-First: Filippo Author-X-Name-Last: Vitolla Title: Exploring the impact of sustainability disclosure on the cost of equity capital in the hospitality and tourism industry Abstract: Environmental, social and governance (ESG) disclosure has gained increasing importance in recent years due to its ability to provide an overview of sustainable business behaviour. However, despite the attention paid by investors and stakeholders to sustainability information, the hospitality and tourism (H&T) industry is not characterised by a propensity towards ESG disclosure. This circumstance may be related to the lack of awareness regarding the benefits associated with a wide dissemination of ESG information, resulting from the limited presence of academic contributions on the topic. This study aims to fill this important gap by analysing the impact of ESG disclosure on the cost of equity capital in the H&T industry. The regression analysis, conducted on a sample of 1,750 firm-year observations from 2010 to 2019, demonstrates the existence of a negative relationship between ESG disclosure and the cost of equity capital. Journal: Int. J. of Managerial and Financial Accounting Pages: 139-158 Issue: 2 Volume: 16 Year: 2024 Keywords: sustainability disclosure; ESG disclosure; hospitality and tourism industry; cost of equity capital; COEC. File-URL: http://www.inderscience.com/link.php?id=137622 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:2:p:139-158 Template-Type: ReDIF-Article 1.0 Author-Name: Md. Jahidur Rahman Author-X-Name-First: Md. Jahidur Author-X-Name-Last: Rahman Author-Name: Zeren Xu Author-X-Name-First: Zeren Author-X-Name-Last: Xu Title: Effect of corporate social responsibility on the stock price synchronicity in China Abstract: The purpose of this paper is to discover the possible relationship incurred between corporate social responsibility (CSR) and stock price synchronicity in China. A regression model is constructed for the empirical test on a sample of 9,787 firm-year observations from Chinese A-listed firms from 2011 to 2020. Results show a positive relationship between CSR and stock synchronicity, which is robust to alternative variables and have no multi-collinearity problem. This study can guide investors and managers in socially responsible investment decision making in the Chinese stock market. Journal: Int. J. of Managerial and Financial Accounting Pages: 180-195 Issue: 2 Volume: 16 Year: 2024 Keywords: corporate social responsibility; CSR; stock price synchronicity; China. File-URL: http://www.inderscience.com/link.php?id=137623 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:2:p:180-195 Template-Type: ReDIF-Article 1.0 Author-Name: B.P. Bijay Sankar Author-X-Name-First: B.P. Bijay Author-X-Name-Last: Sankar Author-Name: Hemant Bhanawat Author-X-Name-First: Hemant Author-X-Name-Last: Bhanawat Title: Fraud detection in financial statement: a study using Beneish algorithm Abstract: The current empirical research study was carried out to forecast earnings manipulation indications of businesses featured on the BSE 100 Index using the probabilistic Beneish M-score 8 variable model. To calculate the M-score, the period restricted from 2011 to 2016 time frame was adopted for the data on investigating financial statements. According to the study's findings, three ratios, namely total accruals to total assets (TATA), Daily Sales Receivable Index (DSRI), and Sales Growth Index (SGI), were used to identify financial manipulation by Indian corporations. The current effort contributes through publishing by identifying potential earnings manipulators of BSE 100 Index listed businesses that investors desire to invest in equities. This should serve as a wake-up call to regulators and legislators to impose strict checks, balances on the auditing of corporations' financial records and advises investors to rely on face validation rather than deception of the underlying worth of the company. Journal: Int. J. of Managerial and Financial Accounting Pages: 380-394 Issue: 4 Volume: 16 Year: 2024 Keywords: earnings manipulation; Beneish M-score; data mining; fraud detection; Indian companies. File-URL: http://www.inderscience.com/link.php?id=141719 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:4:p:380-394 Template-Type: ReDIF-Article 1.0 Author-Name: Arit Chaudhury Author-X-Name-First: Arit Author-X-Name-Last: Chaudhury Author-Name: Seshadev Sahoo Author-X-Name-First: Seshadev Author-X-Name-Last: Sahoo Author-Name: Varun Dawar Author-X-Name-First: Varun Author-X-Name-Last: Dawar Title: Financial analysts' forecast accuracy, informativeness and its implications for market efficiency: evidence from an emerging market Abstract: In this work, we study the connection between analyst forecast accuracy and the well-known systematic risk factors of momentum and size, which are important from the market efficiency point of view. Using an extensive 21 years (1998-2018) analyst forecast data for Indian companies extracted from the 'Refinitiv Eikon' database for BSE-500 stocks, we evaluate if consensus forecast errors are predictable with respect to size and momentum. Our results indicate the presence of cognitive bias in analysts' forecasts due to market and stock momentum. We also find that analysts forecast more aggressively for smaller sized companies, particularly in a poorer information environment. To explore the impact of these biased forecasts on market efficiency, we also check for their informativeness. We find that the biased analyst forecasts are informative, thus contributing to market inefficiency, however their informativeness is somewhat reduced, depending on the magnitude of the momentum and size factors. Journal: Int. J. of Managerial and Financial Accounting Pages: 159-179 Issue: 2 Volume: 16 Year: 2024 Keywords: analyst forecasts; forecast accuracy; market informativeness; size; momentum. File-URL: http://www.inderscience.com/link.php?id=137624 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:2:p:159-179 Template-Type: ReDIF-Article 1.0 Author-Name: Khaldoon Ahmad Al Daoud Author-X-Name-First: Khaldoon Ahmad Al Author-X-Name-Last: Daoud Author-Name: Ola Kamal Bani Yaseen Author-X-Name-First: Ola Kamal Bani Author-X-Name-Last: Yaseen Title: Does the board of directors influence the likelihood and resolution of financial distress? Abstract: The current study investigated the effect of board of directors (i.e., CEO duality, independence, multiple directorships, politically connected directors, and size) on the financial distress measured using Altman's (1968) Z-scores model as a proxy for a firm's financial distress. A panel dataset of 260 firm-year observations from Jordanian industrial corporations listed on the Amman Stock Exchange from 2014 to 2018 was investigated. Using panel mixed-effect regression, the results show that board size and CEO duality have a significant impact in mitigating a firm's financial distress, while board independence, multiple directorships, and politically connected directors with financial distress were not statistically significantly associated with financial distress. These results indicate that a large board size accompanied by CEO duality leads to better oversight, reducing a firm's financial distress. The current study supports stewardship theory arguments that suggest that CEO duality improves the process of decision-making. Journal: Int. J. of Managerial and Financial Accounting Pages: 229-248 Issue: 2 Volume: 16 Year: 2024 Keywords: board of directors; Altman's Z score; financial distress; Jordan. File-URL: http://www.inderscience.com/link.php?id=137625 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:2:p:229-248 Template-Type: ReDIF-Article 1.0 Author-Name: Enrica Bolognesi Author-X-Name-First: Enrica Author-X-Name-Last: Bolognesi Author-Name: Enrico Maria Cervellati Author-X-Name-First: Enrico Maria Author-X-Name-Last: Cervellati Author-Name: Luca Grassetti Author-X-Name-First: Luca Author-X-Name-Last: Grassetti Author-Name: Roberto Tasca Author-X-Name-First: Roberto Author-X-Name-Last: Tasca Title: 'One size fits all' in private banking: implications for the wealth and asset management industry Abstract: We focus on discretionary portfolio management to examine the impact of advisory on strategic asset allocation and its dynamics. We use a unique and proprietary dataset from a large European private bank of 5,627 clients that covers the period from 2005 to 2013. While high-net-worth clients opt for customised advisory, we show instead that allocations are quite similar across a range of clients; advisors are conservative and favour low-risk profiles regardless of clients' age. We observe a low number of active clients and provide evidence of the low extra returns generated by changes in the portfolio asset allocation. Finally, we highlight that changes in risk attitude mainly depend on portfolios' past performance and/or past market performance, suggesting that advisors are not effective in mitigating extrapolation bias and self-attribution bias. Overall, we provide evidence of the low level of tailoring, suggesting a 'one size fits all' approach in private banking. Journal: Int. J. of Managerial and Financial Accounting Pages: 196-228 Issue: 2 Volume: 16 Year: 2024 Keywords: asset and wealth management; advisory; behavioural biases; linear mixed model analysis; private banking; portfolio customisation. File-URL: http://www.inderscience.com/link.php?id=137626 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:2:p:196-228 Template-Type: ReDIF-Article 1.0 Author-Name: Pooja Gupta Author-X-Name-First: Pooja Author-X-Name-Last: Gupta Author-Name: Amol Agarwal Author-X-Name-First: Amol Author-X-Name-Last: Agarwal Author-Name: Mafruza Sultana Author-X-Name-First: Mafruza Author-X-Name-Last: Sultana Author-Name: Asit K. Barma Author-X-Name-First: Asit K. Author-X-Name-Last: Barma Title: CSR expenditure and company performance: financial evidence from NIFTY 500 companies Abstract: The study aims to examine the effect of social responsibility expenditures on corporate performance of companies in India for the duration of five financial years after mandating CSR for Indian companies as per The Companies Act 2013. The study tries to identify whether the impact of CSR expenditure on corporate performance differs or varies on an industry-to-industry basis. The companies considered are traded on the NIFTY 500 Index of National Stock Exchange. Five years of data from the financial year 2013-2014 to 2018-2019 have been collected from the Centre for Monitoring Indian Economy (CMIE) Prowess database. CSR expenditure is seen to have a considerable effect on both returns on assets and Q ratio. The results also show that the impact of CSR expenditure on the corporate performance of businesses in different industries and control variables, size of the firm, and leverage of the firm vary for the industries. Journal: Int. J. of Managerial and Financial Accounting Pages: 395-413 Issue: 4 Volume: 16 Year: 2024 Keywords: CSR expenditure; social responsibility; performance; financial evidence; NIFTY 500. File-URL: http://www.inderscience.com/link.php?id=141722 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:4:p:395-413 Template-Type: ReDIF-Article 1.0 Author-Name: Md. Atiqur Rahman Author-X-Name-First: Md. Atiqur Author-X-Name-Last: Rahman Title: The role of accounting standards and disclosure in alleviating corruption: a cross-country study Abstract: This study, relying on the notion of agency theory that the presence of information asymmetry causes higher agency costs, investigates the impact of financial disclosure and perceived strength of auditing and reporting standards on perceived corruption. Using data for 71 economies for the period 2010-2017 and utilising pooled ordinary least square (POLS) and two-step system GMM methods, this study finds that both financial disclosure and perceived strength of accounting and auditing standards significantly reduce perceived corruption. Moreover, developing/transition and common law countries may benefit more from better financial disclosure and perceived strong standards, but highly corrupt countries do not benefit from higher disclosure. Additional analysis shows that impact of perceived strong accounting standards on corruption is nonlinear. Audit propensity and quality moderates the relationship between the independent variables and perceived corruption. Mere adoption of accounting/auditing standards cannot cut corruption and perceived standard strength may be influenced by enforcement of standards. Journal: Int. J. of Managerial and Financial Accounting Pages: 414-453 Issue: 4 Volume: 16 Year: 2024 Keywords: corruption; accounting standards; financial disclosure; agency theory; generalised method of moments; GMM; International Financial Reporting Standards; IFRS; International Public Sector Accounting Standards; IPSAS; International Standards on Auditing; ISA. File-URL: http://www.inderscience.com/link.php?id=141735 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:4:p:414-453 Template-Type: ReDIF-Article 1.0 Author-Name: Van Thi Hong Pham Author-X-Name-First: Van Thi Hong Author-X-Name-Last: Pham Author-Name: Pham Tuan Anh Author-X-Name-First: Pham Tuan Author-X-Name-Last: Anh Author-Name: Kien Duy Do Author-X-Name-First: Kien Duy Author-X-Name-Last: Do Author-Name: Mai Thanh Loan Author-X-Name-First: Mai Thanh Author-X-Name-Last: Loan Title: Determinants of Vietnamese bank profitability: comparisons between before and during COVID-19 pandemic periods Abstract: The study aims to investigate the effect of the COVID-19 pandemic on the profitability of Vietnamese commercial banks by comparing the regression coefficient estimation results in the two periods before and during COVID-19. We find that the bank profitability is explained by size, equity ratio, provisioning ratio, non-interest service activities, and economic growth. An interesting finding is a change in the direction of the impact of leverage and economic growth on bank profitability. Banks with higher leverage tend to earn more profits in the pre-COVID-19 period, but it becomes a disadvantage for banks during the COVID-19 period. Economic growth has a negative effect on the bank profitability in the pre-COVID-19 period, but the relationship turns positive during the period of the COVID-19 pandemic. Based on these results, our paper proposes several solutions for governmental authorities and bank managers to improve bank profitability under the 'living together with COVID-19' context. Journal: Int. J. of Managerial and Financial Accounting Pages: 454-473 Issue: 4 Volume: 16 Year: 2024 Keywords: COVID-19; commercial bank; bank profitability; Vietnam. File-URL: http://www.inderscience.com/link.php?id=141739 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:4:p:454-473 Template-Type: ReDIF-Article 1.0 Author-Name: Sang Ho Kim Author-X-Name-First: Sang Ho Author-X-Name-Last: Kim Author-Name: Yohan An Author-X-Name-First: Yohan Author-X-Name-Last: An Title: Does policy uncertainty affect earnings quality? Evidence from China Abstract: This study investigates the effects of policy uncertainty (PU) on earnings quality in Chinese firms. It is known that high uncertainty in economic policy has a detrimental effect on the overall economy and affects individual firms' investment decisions as well as cost of capital. Although a number of studies have examined the relationship between financial reporting quality and PU, most findings concern advanced economies or international settings, providing little insight for emerging markets. This study demonstrates that earnings quality deteriorates as PU increases in China because managers have an incentive to intervene in the financial reporting process to alleviate the adverse impact driven by a rise in PU. In addition, we found that Chinese firms are likely to respond heterogeneously to changes in PU, depending on their ownership and industry types. Journal: Int. J. of Managerial and Financial Accounting Pages: 43-68 Issue: 1 Volume: 16 Year: 2024 Keywords: policy uncertainty; earnings quality; China; discretionary accruals; earning management. File-URL: http://www.inderscience.com/link.php?id=135352 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:1:p:43-68 Template-Type: ReDIF-Article 1.0 Author-Name: Apostolos Dasilas Author-X-Name-First: Apostolos Author-X-Name-Last: Dasilas Title: Capital structure, voluntary corporate governance and credit ratings: evidence from non-listed SMEs Abstract: This study investigates the capital structure of 26,335 Greek non-listed SMEs during the period 2014-2018 employing a gamut of firm-specific, credit ratings and corporate governance variables. Employing both static and dynamic panel data regression models, the results show that the short-term debt ratio is negatively (positively) related with profitability, tangibility and growth (firm size). The long-term ratio is positively (negatively) associated with profitability, tangibility, and firm age (firm size). Board size exerts a positive effect on the long-term debt ratio, while CEO gender is negatively related to the long-term debt ratio. Finally, higher credit ratings are associated with more debt levels. Journal: Int. J. of Managerial and Financial Accounting Pages: 17-42 Issue: 1 Volume: 16 Year: 2024 Keywords: capital structure; credit ratings; corporate governance; SMEs. File-URL: http://www.inderscience.com/link.php?id=135353 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:1:p:17-42 Template-Type: ReDIF-Article 1.0 Author-Name: Arben Hysi Author-X-Name-First: Arben Author-X-Name-Last: Hysi Author-Name: Elenica Pjero Author-X-Name-First: Elenica Author-X-Name-Last: Pjero Author-Name: Grigor Dede Author-X-Name-First: Grigor Author-X-Name-Last: Dede Author-Name: Ashutosh Kolte Author-X-Name-First: Ashutosh Author-X-Name-Last: Kolte Title: The effects of fiscal decentralisation on local finances after the territorial reform of local government in 2015 in Albania Abstract: The local government, as the government closest to the community, aims to meet the needs that are the most useful to the community. Local government itself is essentially the result of the decentralisation of central government through the division of the power horizon, depending on the form of government in a political society. The level of efficiency and effectiveness in services and in meeting the needs of the community depends on the functioning deriving from decentralisation in the political, administrative and financial directions. Different countries have a strong tradition in the organisation and functioning of local governments. Citizen sensitivity makes many local administrative and financial decision-making problems for local issues more democratic for direct democracy. Like all Eastern European countries, Albania, after the system changed in 1990, implemented two reforms to regulate the effectiveness and quality of local services for the community. Journal: Int. J. of Managerial and Financial Accounting Pages: 69-97 Issue: 1 Volume: 16 Year: 2024 Keywords: local finances; fiscal decentralisation; effects of decentralization; territorial reform; local government; Albania. File-URL: http://www.inderscience.com/link.php?id=135354 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:1:p:69-97 Template-Type: ReDIF-Article 1.0 Author-Name: Fakhrul Hasan Author-X-Name-First: Fakhrul Author-X-Name-Last: Hasan Title: The impact of climate change on dividend policy in the UK stock market Abstract: In this paper we ascertain whether or not below average temperature increases have a positive effect on dividend policy. Using FTSE-350 (UK) data from between 1990 and 2019 we documented those seasonal temperatures that had a significant and methodical effect on the UK dividend pay-out policy, both at the cumulative level and across a wide cross-section of economic sectors. We used dividend changes and average temperature (as a proxy for climate change). Our findings show that the effect is strong for winter, summer and autumn; an increase of below average temperatures has positive effects on dividend pay-out policy. This study also looks at industry dynamics to show whether particular industries have any effect on particular sessions on UK dividend policy. The results show that three sessions have a significant effect on dividend pay-out policy and stock market returns and one session has no effect. Journal: Int. J. of Managerial and Financial Accounting Pages: 119-137 Issue: 1 Volume: 16 Year: 2024 Keywords: climate change; temperature; dividend changes; panel data. File-URL: http://www.inderscience.com/link.php?id=135355 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:1:p:119-137 Template-Type: ReDIF-Article 1.0 Author-Name: Suman Devarapalli Author-X-Name-First: Suman Author-X-Name-Last: Devarapalli Author-Name: Lalita Mohan Mohapatra Author-X-Name-First: Lalita Mohan Author-X-Name-Last: Mohapatra Author-Name: Ammar Jreisat Author-X-Name-First: Ammar Author-X-Name-Last: Jreisat Author-Name: Sasikanta Tripathy Author-X-Name-First: Sasikanta Author-X-Name-Last: Tripathy Author-Name: Somar Al-Mohamad Author-X-Name-First: Somar Author-X-Name-Last: Al-Mohamad Title: Exploring the disclosure quality of integrated reporting in India Abstract: Information is one of the elementary and important tools assessed by the corporate stakeholders for strong decision making. Further, providing accurate, transparent, and concise report is always a challenging task. In this context, this groundwork explores the advancement of integrated reporting (IR) in India. Moreover, the exploration also focuses on the level of disclosure and quality of reporting through individual parameters of IR, i.e., four guiding principles (GP), eight content elements (CE), and six capitals of the IR system. The analysis selected annual reports of 81 Indian companies for 2020 and 2021 and examined 162 integrated annual reports by employing a scoring system for converting qualitative information in the integrated reports to quantitative data. The study constructed the capital disclosure index (CDI) and integrated reporting index (IRI) to measure the overall quality of IR. Wilcoxon signed ranks test, the sign test and paired sample t-test were employed to capture the trend of the IR. This study found that quality of IRI improved in 2021 compared to 2020; however, the individual items did not show much variation. This research has practical implications for the top management, market regulators and policy makers. Journal: Int. J. of Managerial and Financial Accounting Pages: 98-118 Issue: 1 Volume: 16 Year: 2024 Keywords: disclosure quality; integrated reporting; capital disclosure index; CDI; integrated reporting index; IRI; India. File-URL: http://www.inderscience.com/link.php?id=135356 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:1:p:98-118 Template-Type: ReDIF-Article 1.0 Author-Name: Alessandra D'Amico Author-X-Name-First: Alessandra Author-X-Name-Last: D'Amico Author-Name: Michele Di Capua Author-X-Name-First: Michele Di Author-X-Name-Last: Capua Author-Name: Emanuel Di Nardo Author-X-Name-First: Emanuel Di Author-X-Name-Last: Nardo Author-Name: Joanna Rosak-Szyrocka Author-X-Name-First: Joanna Author-X-Name-Last: Rosak-Szyrocka Author-Name: Giuseppe Tortorella Author-X-Name-First: Giuseppe Author-X-Name-Last: Tortorella Author-Name: Giuseppe Festa Author-X-Name-First: Giuseppe Author-X-Name-Last: Festa Title: Competitive advantage in healthcare based on augmentation of clinical images with artificial intelligence: case study of the 'Sambias' project Abstract: In the era of artificial intelligence, and particularly machine learning and deep learning models, the availability of large datasets is crucial to develop innovative and effective services, especially in the healthcare field. In this context, one essential requirement is access to verified information for contextualising/enriching the data. The SAMBIAS project analysed in this study involves the implementation of a software platform for data sharing in clinical scenarios, with the main objective of providing specific medical datasets to improve the competitiveness of the healthcare organisation from a general point of view. The platform, which is accessible via the web, provides on-demand, augmented sets of clinical situations, based on the enormous amounts of data that are collected by the health information systems of healthcare organisations. The case under investigation here is the Casa di Cura Tortorella s.p.a., Salerno, Italy. The implications of this platform are discussed in terms of more efficient performance. Journal: Int. J. of Managerial and Financial Accounting Pages: 1-16 Issue: 1 Volume: 16 Year: 2024 Keywords: healthcare; artificial intelligence; machine learning; deep learning; data augmentation; business process management; business process improvement. File-URL: http://www.inderscience.com/link.php?id=135364 File-Format: text/html File-Restriction: Open Access Handle: RePEc:ids:injmfa:v:16:y:2024:i:1:p:1-16 Template-Type: ReDIF-Article 1.0 Author-Name: Anna Roberta Gagliardi Author-X-Name-First: Anna Roberta Author-X-Name-Last: Gagliardi Author-Name: Giuseppe Festa Author-X-Name-First: Giuseppe Author-X-Name-Last: Festa Author-Name: Demetris Vrontis Author-X-Name-First: Demetris Author-X-Name-Last: Vrontis Author-Name: Balakrishna Grandhi Author-X-Name-First: Balakrishna Author-X-Name-Last: Grandhi Author-Name: Matteo Rossi Author-X-Name-First: Matteo Author-X-Name-Last: Rossi Title: The impact of the COVID-19 pandemic on clinical pathways in intensive care units - a case study with a managerial perspective Abstract: Many studies have analysed clinical pathways (CPs) from different perspectives, but to date, very limited research has investigated the impact of the COVID-19 pandemic on their organisational, managerial, and financial efficiency with respect to non-COVID-19 patients. This study, focusing on a dataset including 749 patients of the Casa Sollievo della Sofferenza Research Hospital (Italy) from January 2018 to December 2021, examined the CPs, as concerns hospitalisation and subsequent organisation, for non-COVID-19 patients with respiratory insufficiency in the intensive care unit (ICU). The main results indicated an increase of the average length of hospitalisation in the pandemic years (with more influence in 2020, while the average length of hospitalisation in 2021 was less than in 2019), a decrease in the number of radiological exams during the pandemic years, and an increase in the number of healthcare workers during the pandemic years. Subsequent implications about organisational, managerial, and financial changes are discussed. Journal: Int. J. of Managerial and Financial Accounting Pages: 249-265 Issue: 3 Volume: 16 Year: 2024 Keywords: healthcare; COVID-19; clinical pathways; clinical indicators; managerial organisation; financial performance. File-URL: http://www.inderscience.com/link.php?id=139512 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:3:p:249-265 Template-Type: ReDIF-Article 1.0 Author-Name: Assem Orazayeva Author-X-Name-First: Assem Author-X-Name-Last: Orazayeva Author-Name: Muhammad Arslan Author-X-Name-First: Muhammad Author-X-Name-Last: Arslan Title: Social responsibility portfolio optimisation in the context of emerging markets Abstract: This study empirically examines the risk and return performance of the portfolios built with consideration of the firm's ESG scores. Socially and non-socially responsible portfolios were constructed based on the universe of stocks from 27 developing and emerging countries in Asian, African, Latin American, East European, and Middle Eastern regions covering five years from 2016 to 2020. Three-stage procedure, which included social performance evaluation, asset screening, and portfolio optimisation, was performed. Asset weights during portfolio optimisation were determined using two approaches: equally weighted and mean-variance optimisation. As a result, our initial assumption of the superior return performance of the socially responsible investing (SRI) portfolio was not supported. Furthermore, the direction of the difference was contrary to the hypothesised one, observing lower SRI returns compared to other benchmarks, though the result lacks statistical significance. We found lower SRI portfolio risk than the market, which proved to be statistically significant. Journal: Int. J. of Managerial and Financial Accounting Pages: 266-281 Issue: 3 Volume: 16 Year: 2024 Keywords: ESG; emerging markets; socially responsible; portfolio; investment. File-URL: http://www.inderscience.com/link.php?id=139513 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:3:p:266-281 Template-Type: ReDIF-Article 1.0 Author-Name: Bhavna Thawani Author-X-Name-First: Bhavna Author-X-Name-Last: Thawani Author-Name: Meena Bhatia Author-X-Name-First: Meena Author-X-Name-Last: Bhatia Title: Antecedents of Integrated Reporting adoption: evidence from an emerging economy Abstract: This is a pioneer Indian study that examines the adoption of Integrated Reporting (IR) among the listed companies. Specifically, it studies the association of IR adoption with profitability, size, leverage, shareholding pattern (non-promoter holding from an institutional perspective), part of the Environmental, Social, and Governance (ESG) Index, and board size of the company. An analysis is conducted on 94 top companies in the Bombay Stock Exchange (BSE) 100 Index for 2016-2020. Pooled logistic regression with year-fixed effects is applied, revealing a significant and positive relationship between the adoption of IR with company size and the company meeting sustainability investing criteria by being part of the ESG Index; and a negative but significant relationship with profitability and leverage. We enrich the emerging literature and provide an understanding of the conditions which motivate the adoption of IR, which has become more relevant considering the upcoming International Sustainability Standards Board (ISSB) and International Financial Reporting Standards (IFRS). Journal: Int. J. of Managerial and Financial Accounting Pages: 330-352 Issue: 3 Volume: 16 Year: 2024 Keywords: environmental, social, and governance; ESG; sustainability reporting; India; IR; Bombay Stock Exchange; BSE; shareholding pattern; legitimacy theory; signalling theory; logistic regression. File-URL: http://www.inderscience.com/link.php?id=139516 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:3:p:330-352 Template-Type: ReDIF-Article 1.0 Author-Name: Cristiane Benetti Author-X-Name-First: Cristiane Author-X-Name-Last: Benetti Author-Name: Stéphanie Thiéry Author-X-Name-First: Stéphanie Author-X-Name-Last: Thiéry Title: IFRS first adoption: the one-size-fits-all approach Abstract: The main objective of this study is to evidence stakeholders' perceptions of International Financial Reporting Standards (IFRS) adoption across Europe and Brazil. Through a survey, (795 completed questionnaires - 10% of our sample), we investigated whether accounting data producers (chief financial officers) and gatekeepers (financial analysts and auditors), shared the same views on the usefulness and goals of the international financial reporting process. Descriptive statistics and univariate tests were used to analyse the responses to multiple-choice questions. The main results show that the respondents' location influences their responses significantly more than the respondents' occupation. Journal: Int. J. of Managerial and Financial Accounting Pages: 282-311 Issue: 3 Volume: 16 Year: 2024 Keywords: fair value; International Financial Reporting Standards; IFRS; first adoption; emerging markets; earnings quality. File-URL: http://www.inderscience.com/link.php?id=139517 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:16:y:2024:i:3:p:282-311