American J. of Finance and Accounting (4 papers in press)

Regular Issues

• Unveiling the boardroom: how board diligence shapes board diversity-corporate social responsibility disclosure (CSRD) nexus in Nigeria’s non-financial firms  
  by Wisdom Okere, Cosmas Ambe, Sanele Phumlani Vilakazi 
  Abstract: This study investigates the impact of board diligence on the relationship between board diversity and corporate social responsibility transparency in Nigeria’s non-financial firms. Grounded in upper echelon and agency theory, the research employed a panel of 15 firms from 2013 to 2024. The ordinary least squares panel regression was employed, and findings show that ethnic diversity and professional background diversity enhance CSR transparency, while gender and nationality diversity exert negative influences, reflecting symbolic appointment and limitations in Nigerian firms. Also, board diligence has a negative effect on its direct effect. However, its moderating role strengthens the diversity of ethnic and professional backgrounds while intensifying the negative effect of gender and nationality diversity. Also, larger firms tend to disclose less CSR information and prioritise compliance disclosure over substantive reporting. The study recommends creating policies mandating diversity thresholds, requiring more specific board disclosures and introducing governance provisions for sustainability-focused board deliberations.
  Keywords: board diligence; CSRD; corporate social responsibility disclosure; board diversity; sustainability; ESG; economic; social and governance; emerging markets.
  DOI: 10.1504/AJFA.2026.10076980
   
  
• Exploring risk preference: insights from systematic review and bibliometric trends  
  by Md Rahber Alam, Tariq Aziz 
  Abstract: The objective of this study is to conduct a comprehensive bibliometric review of research on risk preferences in finance. We retrieved 255 papers from Scopus covering the period 2000 to 2024 and employed VOSviewer to perform bibliometric analysis, performance evaluation, and thematic clustering. The University of California led with 63 publications in 2023, while the United States was the most impactful country. The ‘Journal of Economic Behaviour and Organisation’ emerged as the most influential and productive journal. Furthermore, the paper ‘Experimental methods: Eliciting risk preferences’ has had the most citations, totalling 419. Additionally, we have identified five distinct thematic clusters of research on risk preference in the field of finance. This document provides researchers with guidance on the current status of risk preference research in behavioural finance and elucidates future research avenues. This study offers an introductory analysis and systematic mapping of risk preference literature in finance.
  Keywords: risk preference; bibliometric analysis; systematic review; co-citation analysis; cooccurrence analysis.
  DOI: 10.1504/AJFA.2026.10076981
   
  
• Auditor size, tenure and the dual dating of audit reports  
  by Henri Akono 
  Abstract: Using the Public Company Accounting Oversight Board (PCAOB) AP Form data from 2017-2020, this study examines the association between auditor size, tenure, and the likelihood of dual dating of audit reports. Results show no significant effect of auditor type on the likelihood that the audit report is dual dated. However, auditor tenure is negatively associated with the likelihood of dual dating the audit report. Further analyses show that the tenure effect is more pronounced for non-Big 4 clients but is insignificant for Big 4 clients. The inferences are robust to the inclusion of control variables and various likelihood model specifications. In sum, the findings suggest that the dual-dating decision is driven by costs related to conducting additional testing, rather than by differential levels of audit quality across auditor type or tenure. Collectively, these findings add to the understanding of factors that drive the dual-dating decision.
  Keywords: auditor type; auditor tenure; dual dating; litigation settings; PCAOB AP Form.
  DOI: 10.1504/AJFA.2026.10077292
   
  
• Digital financial literacy and the proliferation of consumerist behaviours  
  by Fani Pramuditya, Leo Indra Wardhana, Agusta Ika Prihanti Nugraheni, Rizki Pertiwi, Putri Agustina 
  Abstract: This study examines the relationship between digital financial literacy, self-efficacy, financial attitude, and financial management behaviours among college students. Against the backdrop of significant transformations brought about by the emergence of digital technology, particularly in the realm of financial services, and the growing prevalence of online lending platforms and ‘pay later’ services, this study examines student financial behaviour in the digital era. Utilising a quantitative approach and purposive sampling through an online questionnaire, this research collected data from 200 student respondents with diverse demographic backgrounds. Hypothesis development is grounded in a literature review that elucidates the importance of digital financial literacy, self-efficacy, financial attitude, and financial management behaviour within the student population. Regression analysis was employed to investigate the variable associations. The outcomes of this research provide a meaningful perspective for educators, policymakers, and financial institutions in enhancing financial literacy and encouraging college students to adopt responsible decision-making practices.
  Keywords: Digital financial literacy; self-efficacy; financial attitude; financial management behavior.
  DOI: 10.1504/AJFA.2026.10077372