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This paper analyses impression management (IM) during the global financial crisis (GFC). It examines the differences in multiple textual characteristics and attributions between a highly positive performance period (2002–2007) and the GFC period (2008–2012), within the setting of Spain, where these two economic cycles were extreme. In contrast to previous research, companies’ extreme poor performance in our sample is driven by an exogenous event. The findings do not show clear evidence of IM based on textual characteristics specifically linked to the GFC. Companies tried not to use overt IM and, to some extent, tried to clarify the impact of the crisis on performance. They were under great scrutiny and probably preferred to tell a more careful story. However, a general pattern of IM was still present during the GFC in the form of consistent positive attributions, favourable benchmarks and enhancement practices. In essence, the crisis did not fully stop IM practices, but rather influenced the way IM was produced. Overall, our results show that IM was lower during the GFC than in the case of poor performance in normal macroeconomic conditions found by previous literature. The results also show that the narratives of firms in the finance and real estate sectors were the most reactive to the GFC, probably linked to their key role in the crisis.
Alonso Moreno; Michael John Jones. Impression management in corporate annual reports during the global financial crisis. European Management Journal 2021, 1 .
AMA StyleAlonso Moreno, Michael John Jones. Impression management in corporate annual reports during the global financial crisis. European Management Journal. 2021; ():1.
Chicago/Turabian StyleAlonso Moreno; Michael John Jones. 2021. "Impression management in corporate annual reports during the global financial crisis." European Management Journal , no. : 1.
This study analyzes how learning about social responsibility (SR) can modify the perceptions of university students about the importance of responsible behavior on the part of companies. To this end, a questionnaire was designed and administered to Management Accounting students before (n = 128) and after (n = 71) receiving two training activities on SR. The descriptive results obtained testify to the importance of SR in the views of the sampled students, both before and after receiving the specific learning in SR. In this latter moment, students demonstrated a vision highly committed to the need for SR to be part of the economic agenda. The results also show that there was a significant change in the perception of SR and its implications in terms of benefits and costs before and after receiving the training. All of this suggests that SR training has partially modified students’ perceptions of SR. This paper provides important insights that could be leveraged by university and business school managers for the purpose of designing or modifying curricula related to SR. At the same time, it evaluates the potential of SR learning as a tool for modifying attitudes.
Francisca Castilla-Polo; María Ruiz-Rodríguez; Alonso Moreno; Ana Licerán-Gutiérrez; Macario Cámara De La Fuente; Eva Chamorro Rufián; Manuel Cano-Rodríguez. Classroom Learning and the Perception of Social Responsibility Amongst Graduate Students of Management Accounting. Sustainability 2020, 12, 7093 .
AMA StyleFrancisca Castilla-Polo, María Ruiz-Rodríguez, Alonso Moreno, Ana Licerán-Gutiérrez, Macario Cámara De La Fuente, Eva Chamorro Rufián, Manuel Cano-Rodríguez. Classroom Learning and the Perception of Social Responsibility Amongst Graduate Students of Management Accounting. Sustainability. 2020; 12 (17):7093.
Chicago/Turabian StyleFrancisca Castilla-Polo; María Ruiz-Rodríguez; Alonso Moreno; Ana Licerán-Gutiérrez; Macario Cámara De La Fuente; Eva Chamorro Rufián; Manuel Cano-Rodríguez. 2020. "Classroom Learning and the Perception of Social Responsibility Amongst Graduate Students of Management Accounting." Sustainability 12, no. 17: 7093.
This article provides a thematic content analysis of the Chairman’s Statement of Arthur Guinness & Son Ltd over time. The analysis traces the evolution of the content over four distinct periods using a coding scheme developed from extant research. The objective is to study whether the corporate narratives change in line with the institutional factors over time. To interpret the results, we draw on an institutional theory–based lens to offer potential explanations of some of the change and also of stability. Institutions can not only constrain behaviour but also support and empower agents to bring about change. The results of the longitudinal content analysis reveal some variations over time, but in general the content is relatively stable. This may be explained by the organisation itself being an institution that is sufficiently institutionalised so that corporate reporting remained relatively stable. This suggests Guinness may be an example of a strong institution over time.
Alonso Moreno; Martin Quinn. The influence of institutional factors on corporate narratives: A thematic content analysis of Guinness. Accounting History 2019, 25, 425 -447.
AMA StyleAlonso Moreno, Martin Quinn. The influence of institutional factors on corporate narratives: A thematic content analysis of Guinness. Accounting History. 2019; 25 (3):425-447.
Chicago/Turabian StyleAlonso Moreno; Martin Quinn. 2019. "The influence of institutional factors on corporate narratives: A thematic content analysis of Guinness." Accounting History 25, no. 3: 425-447.
Purpose The purpose of this paper is to longitudinally analyse the evolution of multiple narrative textual characteristics in the chairman’s statements of Guinness from 1948 to 1996, with the aim of studying impression management influences. It attempts to contribute insights on impression management over time. Design/methodology/approach The paper attempts to contribute to external accounting communication literature, by building on the socio-psychological tradition within the functionalist-behavioural transmission perspective. The paper analyses multiple textual characteristics (positive, negative, tentative, future and external references, length, numeric references and first person pronouns) over 49 years and their potential relationship to profitability. Other possible disclosure drivers are also controlled. Findings The findings show that Guinness consistently used qualitative textual characteristics with a self-serving bias, but did not use those with a more quantitative character. Continual profits achieved by the company, and the high corporate/personal reputation of the company/chairpersons, inter alia, may well explain limited evidence of impression management associated with quantitative textual characteristics. The context appears related to the evolution of the broad communication pattern. Practical implications Impression management is likely to be present in some form in corporate disclosures of most companies, not only those companies with losses. If successful, financial reporting quality may be undermined and capital misallocations may result. Companies with a high public exposure such as those with a high reputation or profitability may use impression management in a different way. Originality/value Studies analysing multiple textual characteristics in corporate narratives tend to focus on different companies in a single year, or in two consecutive years. This study analyses multiple textual characteristics over many consecutive years. It also gives an original historical perspective, by studying how impression management relates to its context, as demonstrated by a unique data set. In addition, by using the same company, the possibility that different corporate characteristics between companies will affect results is removed. Moreover, Guinness, a well-known international company, was somewhat unique as it achieved continual profits.
Alonso Moreno; Michael John Jones; Martin Quinn. A longitudinal study of the textual characteristics in the chairman’s statements of Guinness. Accounting, Auditing & Accountability Journal 2019, 32, 1714 -1741.
AMA StyleAlonso Moreno, Michael John Jones, Martin Quinn. A longitudinal study of the textual characteristics in the chairman’s statements of Guinness. Accounting, Auditing & Accountability Journal. 2019; 32 (6):1714-1741.
Chicago/Turabian StyleAlonso Moreno; Michael John Jones; Martin Quinn. 2019. "A longitudinal study of the textual characteristics in the chairman’s statements of Guinness." Accounting, Auditing & Accountability Journal 32, no. 6: 1714-1741.
Family business literature has noted the nature and presence of socioemotional wealth (SEW) in family firms. One method of observing SEW is by a five-dimension approach, collectively termed FIBER. While the dimensions are well defined, they have been critiqued, as have the theoretical foundations of SEW. Regardless, given the concept of SEW is about a decade old and the FIBER dimensions less so, it is reasonable to argue more research is needed. One potentially useful research approach is an historical one, which we will here term SEW history – the use of historical research to support (or question) the development of SEW as a concept. We undertake a content analysis of corporate disclosures through the Chairman’s Statement of two Irish family breweries over a period of about two decades. To conduct the analysis, we develop a coding scheme based on the FIBER dimensions and offer some research propositions around these dimensions of SEW being stable (or not) over time. Our findings reveal that the Chairman’s Statement does include FIBER dimensions in both breweries and they do change over time. Subsequent statistical analysis reveals significant differences in the FIBER dimensions between the two breweries and context is revealed as a key issue in the assessment of SEW, something prior research has noted. The study also raises some questions on the nature of some FIBER dimensions, in particular the “I” dimension.
Peter Cleary; Martin Quinn; Alonso Moreno. Socioemotional wealth in family firms: A longitudinal content analysis of corporate disclosures. Journal of Family Business Strategy 2018, 10, 119 -132.
AMA StylePeter Cleary, Martin Quinn, Alonso Moreno. Socioemotional wealth in family firms: A longitudinal content analysis of corporate disclosures. Journal of Family Business Strategy. 2018; 10 (2):119-132.
Chicago/Turabian StylePeter Cleary; Martin Quinn; Alonso Moreno. 2018. "Socioemotional wealth in family firms: A longitudinal content analysis of corporate disclosures." Journal of Family Business Strategy 10, no. 2: 119-132.
Alonso Moreno; Macario Cámara. Stakeholders in annual reports under ownership concentration: a historical case of a Spanish brewery company. Accounting History Review 2016, 26, 57 -81.
AMA StyleAlonso Moreno, Macario Cámara. Stakeholders in annual reports under ownership concentration: a historical case of a Spanish brewery company. Accounting History Review. 2016; 26 (2):57-81.
Chicago/Turabian StyleAlonso Moreno; Macario Cámara. 2016. "Stakeholders in annual reports under ownership concentration: a historical case of a Spanish brewery company." Accounting History Review 26, no. 2: 57-81.
Previous research on the readability of annual reports is based mainly on English narratives and has found them difficult to read. Although the results of such research cannot be generalized to different contexts, accounting narratives written in non-English languages have seldom been analyzed in this respect. More important, few studies have longitudinally examined the evolution in readability of such narratives. This study focuses on the readability evolution of annual report narratives written in Spanish, applying an adapted version of the Flesch readability formula to two sets of documents from different companies over most of the years of the 20th century. The results confirm that the reports are indeed difficult to read but show an improvement in readability over the years. The study tested several variables that might influence readability, including profitability.
Alonso Moreno; Araceli Casasola. A Readability Evolution of Narratives in Annual Reports. Journal of Business and Technical Communication 2015, 30, 202 -235.
AMA StyleAlonso Moreno, Araceli Casasola. A Readability Evolution of Narratives in Annual Reports. Journal of Business and Technical Communication. 2015; 30 (2):202-235.
Chicago/Turabian StyleAlonso Moreno; Araceli Casasola. 2015. "A Readability Evolution of Narratives in Annual Reports." Journal of Business and Technical Communication 30, no. 2: 202-235.
Prior empirical research in the accounting and finance literatures has often neglected the role of the state in corporate governance, preferring instead to study relationships between shareholders and directors and the effects of various corporate governance mechanisms on the economic performance of companies. In contrast, accounting and business historians have often examined the legal systems, rules, and regulations that control business enterprises, thereby acknowledging the existence of persistent interactions between the state and business entities through time. The purpose of this article is to illustrate, through a discussion and analysis of several ways in which the state has enacted its role in corporate governance, that state regulation and supervision of business entities has been both commonplace and necessary for the maintenance of a stable economic system.
C Richard Baker; Bertrand P Quéré; Alonso Moreno; Macario Cámara. The role of the state in corporate governance. Accounting History 2014, 19, 291 -307.
AMA StyleC Richard Baker, Bertrand P Quéré, Alonso Moreno, Macario Cámara. The role of the state in corporate governance. Accounting History. 2014; 19 (3):291-307.
Chicago/Turabian StyleC Richard Baker; Bertrand P Quéré; Alonso Moreno; Macario Cámara. 2014. "The role of the state in corporate governance." Accounting History 19, no. 3: 291-307.
This article examines the evolution of the information provided by El Alcázar, a private Spanish company, over the period 1928–1993. This information includes: Memoria, that is, qualitative information contained in the annual report, which is a Management Report to shareholders; the minutes of the Board of Directors; and the minutes of the Shareholder General Meeting. We apply a longitudinal thematic content analysis with the aim of understanding how the content of these documents adapts to the different institutional settings experienced by the company. Following Meyer (1986), different environments may determine the amount of accounting information a particular company produces beyond the variation determined by its intrinsic technical needs. The period studied bears witness to a number of relevant institutional conditions involving deep social, economic, cultural and political changes. The results show that these documents change between the stages identified in response to the pressures of different institutional environments.
Alonso Moreno; Macario Cámara. Evolution of information content from an institutional perspective: El Alcázar brewery (1928–1993). Accounting History 2014, 19, 369 -398.
AMA StyleAlonso Moreno, Macario Cámara. Evolution of information content from an institutional perspective: El Alcázar brewery (1928–1993). Accounting History. 2014; 19 (3):369-398.
Chicago/Turabian StyleAlonso Moreno; Macario Cámara. 2014. "Evolution of information content from an institutional perspective: El Alcázar brewery (1928–1993)." Accounting History 19, no. 3: 369-398.
Alonso Moreno. El sector cervecero español en el siglo xx. Una visión desde dentro: El Alcázar. Investigaciones de Historia Económica 2013, 9, 165 -174.
AMA StyleAlonso Moreno. El sector cervecero español en el siglo xx. Una visión desde dentro: El Alcázar. Investigaciones de Historia Económica. 2013; 9 (3):165-174.
Chicago/Turabian StyleAlonso Moreno. 2013. "El sector cervecero español en el siglo xx. Una visión desde dentro: El Alcázar." Investigaciones de Historia Económica 9, no. 3: 165-174.
This article presents the results of a pilot scheme carried out at the University of Jaén and aimed at improving the level of English of Administration and Business Management students, through the participation of a group of incoming foreign students who teach Business English during their stay at this university. This research has allowed us to obtain feedback about the improvement in the listening and speaking skills in students who have taken part in this activity and, also, about how it has motivated the foreign tutors by encouraging a fuller integration within their new environment.
Alonso Moreno; Francisca Castilla; Macario Cámara; Eva Chamorro. Incoming Foreign Students as a Resource for Improving Student Language Skills. Journal of Teaching in International Business 2013, 24, 107 -124.
AMA StyleAlonso Moreno, Francisca Castilla, Macario Cámara, Eva Chamorro. Incoming Foreign Students as a Resource for Improving Student Language Skills. Journal of Teaching in International Business. 2013; 24 (2):107-124.
Chicago/Turabian StyleAlonso Moreno; Francisca Castilla; Macario Cámara; Eva Chamorro. 2013. "Incoming Foreign Students as a Resource for Improving Student Language Skills." Journal of Teaching in International Business 24, no. 2: 107-124.
Stakeholder theory explains organizational responses to changing demands from constituents. Almost all accounting research drawing on stakeholder theory addresses social responsibility issues. In contrast, we examine how our focal firm, the Spanish tobacco monopoly, responded to stakeholders' demands through its annual reports over the century 1887–1986, that is, from the privatization of the firm's administration to the loss of monopolistic conditions as a consequence of Spain's entry into the European Economic Community. Our findings reveal how these reports reflected the changing importance of different categories of stakeholders as well as the alignment of financial reporting with organisational responses to stakeholders' demands. Throughout this period the firm's major strategic stakeholder was the state, and the dramatic changes in Spanish forms of government, as well as a change in the state's status vis-à-vis the firm (until 1945 as lessor of the monopoly, and thereafter also as a major shareholder) affected the amount and type of financial information in these reports; however, the strategy remained generally proactive until 1945 and accommodative thereafter. The other strategic stakeholder was the workers, and equally dramatic changes in Spanish labour activism affected the reporting of worker welfare programmes. After Spain's democratization, society in general became a more important stakeholder, and reports began to address tobacco-related health concerns.
Macario Cámara; Eva Chamorro; Alonso Moreno. Stakeholder Reporting: The Spanish Tobacco Monopoly (1887–1986). European Accounting Review 2009, 18, 697 -717.
AMA StyleMacario Cámara, Eva Chamorro, Alonso Moreno. Stakeholder Reporting: The Spanish Tobacco Monopoly (1887–1986). European Accounting Review. 2009; 18 (4):697-717.
Chicago/Turabian StyleMacario Cámara; Eva Chamorro; Alonso Moreno. 2009. "Stakeholder Reporting: The Spanish Tobacco Monopoly (1887–1986)." European Accounting Review 18, no. 4: 697-717.