Forthcoming and Online First Articles

International Journal of Critical Accounting

International Journal of Critical Accounting (IJCA)

Forthcoming articles have been peer-reviewed and accepted for publication 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 Articles will not be published until the final proofs are validated by their authors.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 Critical Accounting (7 papers in press)

Regular Issues

  • Application of blockchain technology in banking: a systematic literature review   Order a copy of this article
    by Sukanya Wadhwa, Seshadev Sahoo 
    Abstract: Blockchain is one of the latest disruptive innovations that got recognition with the rise of cryptocurrency, especially bitcoin. Blockchain got traction from people when Bitcoin was introduced in the market, and since then, the technology has been used for several purposes, the most common being banking. The objective of this study will be to provide insights into how blockchain is employed in the banking sector. Four databases were used for this study. These databases include Web of Science, Dimensions, EBSCOhost, and ProQuest. After filtering the database, we retrieved 146 articles to explore the impact of blockchain on banking. Secondly, we conducted a bibliometric analysis of these filtered articles to identify common themes, country of study, and the years when blockchain in banking became prominent. The conclusion includes the implications of the study for further research purposes. This study extends the previous study and provides insights for future studies.
    Keywords: blockchain; cryptocurrency; banking.

  • The consequences of a classification of the accounting literature on time: questioning linear-quantitative/cyclic-qualitative   Order a copy of this article
    by Terhi Chakhovich 
    Abstract: The sociology of time and the accounting literature on time have classified studies into linear-quantitative and cyclic-qualitative. This study analyses these literatures, showing the concurrent existence of multiple time lines and cyclicalities within these studies which themselves typically claim adherence to the cyclic-qualitative tradition. The study uses empirical qualitative data on managers time constructs to illustrate how time line and cyclicality are closely linked, with linearity treated as a potential basis for cyclicality. The paper shows how the classification has performatively impacted the research sphere by promoting cyclicality and undermining linearity. This study recommends removing the labels linear and cyclic from classifications on time because linearity is neither invariably tied to quantitative studies nor cyclicality to qualitative studies, and because many time-related studies possess both linear and cyclical components. A classification into quantitative, qualitative, mixed methods, and other research is proposed.
    Keywords: time; cyclicality; linearity; qualitative research.

  • The influence of information asymmetry on market liquidity: evidence in the Brazilian futures market   Order a copy of this article
    by João Eduardo Ribeiro, Antonio Artur De Souza, Cleiton Martins Duarte DaSilva, Eduardo Amat Silva 
    Abstract: The purpose of this article is to analyse the effect of information asymmetry risk on the liquidity of agricultural commodity futures contracts traded on the Brazilian Stock Exchange. For this purpose, commodities with the possibility of physical and/or financial settlement and trading throughout the year were chosen as a sample: Arabica coffee, live cattle, soybean and corn. The analysis was performed using a panel data model, in which the spread was adopted as a proxy for market liquidity and the volume-synchronised probability of informed trading as a proxy for the probability of information asymmetry in the negotiations. The results showed that the variables considered are able to explain 43.08% of the spread variation. Finally, a positive relationship was identified between information asymmetry and market liquidity, which differs from the results found in the literature.
    Keywords: market liquidity; information asymmetry; agricultural commodities; volume-synchronised probability of informed trading; VPIN; spread; Brazilian Stock Exchange; futures market.

  • Prospect theory: an explanation for the puzzling effect of hedging on firm value   Order a copy of this article
    by Priyanka Mohanty, Dushyant Mahadik 
    Abstract: This paper investigates theoretically and empirically the impact of the famous behavioural theory The prospect theory to explain the hedging activities of firms. We seek answers to the puzzling effect of hedging on firm value through prospect theory explanations. We suggest the influence of some reference point on the hedging habits of firms and the association between hedging and firm value. Our empirical analysis confirms the impact of prospect theory on the hedging activities of firms. We find the risk-averse attitude of managers when they are in the more profitable/gain domain, while a risk-seeking perspective is when they are in the less profitable/loss domain. We empirically focused on all the listed Indian non-financial companies (3,791) during the period 20162022 and confirmed the above-specified objective. This is one of the first studies to empirically examine the integration of behavioural theory and hedging by using a separate yearly industry-wise return average as a reference point.
    Keywords: prospect theory; hedging; risk-averse; reference point; firm value.
    DOI: 10.1504/IJCA.2023.10062748
     
  • The contribution of internal audit to fraud audit. Evidence from Greece.   Order a copy of this article
    by George Drogalas, Michail Pazarskis, Dimitrios Mitskinis, Athanasios Koulikas 
    Abstract: This paper aims to examine the extent to which the establishment of internal auditing and the work of internal auditors contribute to fraud detection. For the purpose of this study, a questionnaire was sent to Greek companies and the sample was compiled by 114 from these. Statistical analysis was performed using the linear structural equation modelling (SEM) method. The results show that fraud audit is significantly influenced by the internal audit contribution, the audit committee’s contribution, the internal auditor’s contribution as well as their obligations. The originality of this study lies both in the fact that not enough research has been conducted that delves deeper into this subject and the method that was used for the data analysis.
    Keywords: fraud audit; internal audit; IA; audit committee; AC; internal auditor; internal audit effectiveness; structural equation modelling; SEM; Greece.

  • Corporate reorganisation option in Fiji: shareholder theory perspective   Order a copy of this article
    by Sagar Chand, Shynal Singh, Vinit Singh, Nagma Naicker, Mohammed Riaz Azam 
    Abstract: The purpose of this study is to explore the factors that influence foreign investors to opt for the corporate split-off reorganisation option in Fiji. This study examined a group of companies owned by foreign investors in Fiji. A case study research design was applied with the theoretical framework informed by shareholder theory. We found that the reasons for foreign investors choosing the corporate split-off reorganisation option in Fiji are to facilitate future mergers and acquisition activities in the event that the shareholders need to divest the assets holding company to achieve asset-light operations. It was also found that this strategy is useful in enabling entities to avoid the legal responsibilities of other organisations within the group as each operates independently. This study attempts to contribute to the limited literature on corporate split-off reorganisation options, especially from a foreign investors’ perspective.
    Keywords: split-off; corporate reorganisation; foreign investors; tax consequence; strategies; Fiji.

  • IFRS adoption and earnings management in Kuwait firms: pre and post-COVID-19   Order a copy of this article
    by Abdullah E. Alajmi, Rasheed Alrashidi 
    Abstract: This study examines how Kuwaiti firms managed their earnings before and after adopting International Financial Reporting Standards (IFRS), with a focus on the COVID-19 pandemic. It also identifies the factors that influence earnings management and how these factors differ between the two periods. The study used a quantitative approach and analysed financial data from annual reports of 60 Kuwaiti companies listed on the Kuwait Stock Exchange (KSE) from 2016 to 2021 using robust regression. It used discretionary accruals to measure earnings management and three models, including the standard Jones model, modified Jones model, and Kothari model, for the analysis. The findings show that firms are more likely to manage their earnings under IFRS than under the previous Kuwaiti accounting standards. Additionally, earnings management increased significantly during the COVID-19 pandemic as firms tried to meet analysts’ expectations and avoid negative market reactions. The study also identified several motives for earnings management, such as increasing executive compensation and avoiding negative market reactions.
    Keywords: IFRS adoption; earnings management; COVID-19; Kuwait Stock Exchange; KSE; Kuwait.