SYNOPSIS: Earnings management remains a popular topic of debate and discussion among investors, regulators, analysts, and the public. One mechanism that might mitigate earnings management is auditors’ industry expertise. Using a large sample of clients of Big 6 auditors, this research examines the association between auditor industry expertise, measured in terms of both auditor market share in ...

Which electorates receive targeted funding, and does targeted funding swing votes? To answer these questions, I focus on four discretionary programs introduced by the Australian federal government during the 2001-04 election cycle: Roads to Recovery, Stronger Families and Communities, Sustainable Regions, and Regional Partnerships. Together, these programs totalled well over $1 billion dollars....

I use a machine learning technique to classify the universe of active US equity mutual funds as quantitative , who mostly rely of computer-driven models and xed rules, or discretionary , who mostly rely on human judgement. I rst document several new facts about quantitative investing. I then propose an equilibrium model in which quantitative funds have a greater information processing capacity ...

The article deals with the principle of discretionary prosecution and its significance for activities prosecutor in criminal proceedings.The purpose is to define discretion as a determine influence on proceedings.It justified that prosecutorial based internal conviction prosecutor, which serves an impulse him carry out indictment or abandon it. Therefore, prosecutor’s prosecution, including vio...

Activity-based costing (ABC) and Theory of Constraints (TOC) are popular managerial tools for evaluating product mix decisions. A challenging aspect of the product mix problem involves evaluating joint products. These products involve complex interactions among resources and products and sequential decisions concerning producing joint products and their further processing. ABC and TOC assume th...