Forthcoming articles


International Journal of Managerial and Financial Accounting


These articles have been peer-reviewed and accepted for publication in IJMFA, but are pending final changes, are not yet published and may not appear here in their final order of publication until they are assigned to issues. Therefore, the content conforms to our standards but the presentation (e.g. typesetting and proof-reading) is not necessarily up to the Inderscience standard. Additionally, titles, authors, abstracts and keywords may change before publication. Articles will not be published until the final proofs are validated by their authors.


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International Journal of Managerial and Financial Accounting (6 papers in press)


Regular Issues


  • Effective audit committee, audit quality and earnings management: Evidence from the Ghana Stock Exchange.   Order a copy of this article
    by Ben Agyei-Mensah, Michael Yeboah 
    Abstract: Purpose - The purpose of this paper is to investigate the influence of audit committee effectiveness and audit quality (auditor size) on earnings management by firms listed on the Ghana Stock Exchange (GSE). rnMethod/Approach: The study uses 180 firm-year observations for the period 2013-2017 for firms listed on the Ghana Stock Exchange. Descriptive analysis was performed to provide the background statistics of the variables examined. This was followed by regression analysis, which forms the main data analysis.rnFindings The results of multivariate regression analysis indicated that audit committee financial expertise, audit committee prior experience, audit committee size and audit quality have significant negative relationship with discretionary accruals as a proxy for earnings management. On the other hand, no significant relationship was found between audit committee independence and audit committee meeting and the level of discretionary accruals. rnPractical implications: This paper is important because it offers useful information that is of great value to policy makers, academics and other stakeholders.rnOriginality/value: This study is one of the few to measure the influence of audit committee effectiveness and audit quality (auditor size) on earnings management rn
    Keywords: Audit Committee Effectiveness; Audit Quality; Earnings Management; Financial reporting quality; Ghana.

  • Ownership Structure, Corporate Risk Disclosure and Firm Value: A Malaysian Perspective   Order a copy of this article
    by Siti Aisyah Kamaruzaman, Mazurina Mohd Ali, Erlane K. Ghani, Ardi Gunardi 
    Abstract: This study examines the ownership structure, corporate risk disclosure and firm value of public listed companies in Malaysia. Specifically, this study examines the relationship between ownership structure namely, managerial ownership, institutional ownership, family ownership and corporate risk disclosure. This study also examines the relationship between corporate risk disclosure and firm value. Using content analysis on the annual reports of 200 top public listed firms over a two year period, this study shows that institutional ownership influences corporate risk disclosure. This study also shows that corporate risk disclosure influences firm value but in a negative way. One possible reason could be due to reporting cost which outweighs the benefits in preparing the information. The findings in this study provide some understanding for the supervisory bodies in evaluating the level of compliance related to corporate risk reporting practices. In addition, the findings in this study could also assist investors to consider ownership structure of a prospect firm as one of the criteria in making investment decision.
    Keywords: corporate risk disclosure; firm value; ownership structure; family ownership; institutional ownership.

  • Tax Management and Tax Fraud: Evidence from Tunisian companies   Order a copy of this article
    by Hakim Ines, Mohamed Ali Brahim Omri 
    Abstract: There are many evidence and competing arguments on whether firms that exhibit more or less tax management and tax fraud in their financial reporting. Our study contributes to resolving this issue by analyzes the relationship between management tax reporting and the tax fraud. rnThe research is based upon a sample of 51 companies, 31 are considered noncompliance tax and 20 companies compliance tax during the 2004-2012 periods. We find that tax management Tunisian companies are less likely to commit tax fraud. This negative effect is a manner consistent with a non complementary relationship between tax management and tax fraud.
    Keywords: Tax management; tax fraud; Tunisian firms.

  • Determinants of the Complementary Level of Financial and Tax Aggressiveness: A Cross-Country Study   Order a copy of this article
    by Nurul Aisyah Rachmawati, Sidharta Utama, Dwi Martani, Ratna Wardhani 
    Abstract: This study aims to examine the factors affecting the complementary level of financial and tax aggressiveness. This research considers the diversity of cost and benefit faced by firms when presenting financial and tax reporting aggressively at the same time. Our proxies for cost (the level of detection risk) are country-level variables, namely book-tax conformity and law enforcement. Meanwhile, our proxy for benefit is the financial constraint of a firm. In this study, we develop a new measure of financial constraint which is more comprehensive. Using a sample of listed firms in East Asia and Europe from 2014 to 2016, we find that firms with a higher level of detection risk (such as higher book-tax conformity or stronger law enforcement) tend to engage in a lower complementary level of financial and tax aggressiveness, in accordance with the developed hypothesis. We also find that firms tend to engage in a higher complementary level of financial and tax aggressiveness if they will derive significant benefit from aggressive financial and tax reporting activities. These results suggest that firm and country characteristics influence managers decisions to present financial statements and tax reporting aggressively at the same time or not.
    Keywords: Complementary level of financial and tax aggressiveness; financial aggressiveness; tax aggressiveness; book-tax conformity; law enforcement; financial constraint.

  • Board characteristics, state ownership, and firm performance: Evidence from Vietnam   Order a copy of this article
    by Kelly Anh Vu, Thanyawee Pratoomsuwan 
    Abstract: This paper investigates the association between board characteristics and firm performance and examine whether such relationship is moderated by different levels of ownership concentration among Vietnamese listed firms from 2008 to 2014.A series of fixed effect panel regressions was employed to test the impact of ownership concentration on corporate governance-firm performance relationship. The results indicate that the impact of an effectiveness of corporate governance mechanism on firm performance is influenced by the different levels state ownership. The evidence of this study suggests that corporate governance system that is beneficial for other developed markets may not be a good fit for emerging markets. Corporate governance policies in Vietnam are in the process of being reformed, and the results thus will provide insights for regulatory bodies by helping them better understand corporate governance practices. Vietnamese regulators should be encouraged to design their own rules and regulations, considering questions of ownership structure, particularly state ownership. This study involves an attempt to complement the growing but limited body of corporate governance literature in emerging market by investigating the interactive role of ownership concentration on corporate governance and firm performance relationship. The lack of evidence in this area makes it an empirical issue of significance.
    Keywords: Broad Characteristics; Corporate Governance; Firm Performance; Ownership Concentration; State Ownership; Emerging Market.

  • The role of resources and capabilities in managing and overcoming the financial crisis: a case study of the Fratelli Pinna sheep-dairy business   Order a copy of this article
    by Antonio Usai, Daniele Porcheddu, Brunella Arru 
    Abstract: The Italian economic system comprises a significant number of small and medium-sized family businesses. Recent empirical evidence shows that the characteristics of family firms are crucial in overcoming the adverse effects of the financial crisis, thus contributing to the generation of wealth and employment for the country. Using the case study approach, this paper investigates the firm-level dynamics during the last economic recession of a medium-size family firm, operating in a mature market and situated in a rural context. The finding showed that the managements approach to the crisis was dictated, among various factors, by the firms distinctive characteristics, its social capital and its role in the local and regional contexts. These peculiarities have been the key to overcoming the most harmful effects of the economic crisis and to avoiding the necessity of carrying out radical restructuring processes and financial recovery. Moreover, this case showed the pivotal role of the social dimension of the firm and the consequences of the decrease in the historical attention placed on the well-being of the business community and society as a whole.
    Keywords: Family business; Financial crisis; Mature sector; Cost leadership; Stakeholder theory; Medium-size businesses.