Disclosure of liquidity and cash flow statements by Australian superannuation funds before Covid-19

The Commonwealth's stimulus package required the unexpected distribution of cash by superannuation funds to members during the Covid-19 pandemic. We focus on disclosure and maintenance of an operational risk financial reserve and reporting of the statement of cash flows in annual reports by Australian superannuation funds. These disclosures represent mandated sources of information providing evidence of liquidity levels for meeting cash payouts and disclosure adherence. Many funds did not meet their statutory reporting requirements. More members and higher union board membership as measures of stakeholder power explain higher disclosure in support of managerial stakeholder theory.     

Immigrants` Entrepreneurial Networks and Export: A Comparative Study

The aim of this study is to examine the differential impacts of networking in the public and private spheres on the export performance of first- and second-generation immigrant entrepreneurs, as well as native-born entrepreneurs. We apply transnational and ethnic theories to elaborate hypotheses using data collected by the Global Entrepreneurship Monitor on 26,591 native-born entrepreneurs, first-generation immigrant entrepreneurs, and second-generation immigrant entrepreneurs. In examining this fairly global representation of entrepreneurs, we found that such networking had a significant impact on the exporting of second-generation immigrant entrepreneurs. More specifically, we show that although they benefited the least from private-sphere networking, compared to first-generation immigrant and native-born entrepreneurs, they derived more benefits from public-sphere networking than the other two groups. This study contributes to the theory in this field by accounting for the skewness of dual-embeddedness among immigrant entrepreneurs and its effect upon networking and export performance.

     

Inter-industry FDI spillovers from foreign banks: Evidence in transition economies

Using a sample of nonfinancial domestic firms in transition economies from Eastern Europe and Central Asia, we examine whether and how inter-industry spillover from foreign direct investment in the banking sector occurs. Our findings show that the innovation pursued by domestic firms benefits from foreign bank penetration. However, these positive inter-industry spillovers surprisingly do not seem to work through enhanced credit access. We further find these positive spillovers to occur mainly for foreign banks that use relationship lending, domestic firms that do not export, and host countries that are less open to the global market.     

Publication trends in the Journal of International Financial Management and Accounting: A retrospective review

This study uses bibliometric analysis to assess Journal of International Financial Management & Accounting (JIFMA's) evolution between 1989 and 2021. In this retrospective review, we investigate the journal's performance, authorship trends, and intellectual structure. The journal's international focus is primarily on cross-country studies and the effects of country-level factors on various accounting and finance outcomes. The collaborative network of JIFMA's authors has also grown substantially consistent with rise in research collaboration in general across the world. We identify nine major themes making up JIFMA's knowledge structure: (1) value relevance of accounting information relating to the adoption of International Financial Reporting Standards, (2) voluntary corporate disclosure, (3) corporate use of financial derivatives, (4) corporate governance, (5) equity valuation, (6) stock return seasonalities, foreign equity ownership, and cost of capital, (7) earnings announcements and pecking order behavior, (8) triple-bottom-line disclosures, and (9) managerial ownership and earnings management. Our findings will likely benefit JIFMA's editorial board and other journal stakeholders including future researchers.