ABSTRACT For a broad sample of firms, we use structural equations modeling to construct latent variables for real-action aggressiveness and reporting policy aggressiveness. We estimate the association between associations each variable with shareholder payoffs (returns) CEO (annual compensation position). Results show two types are positively correlated but have different consider. Greater poli...

ABSTRACT We study the optimal information system in a debt contracting setting which managers can engage value destroying risk-shifting behavior. The issues early-warning signals that allow lenders to take corrective actions such as liquidating unprofitable projects. When are empire builders, exhibits conservative bias leads excessive and project liquidations relative first best. In contrast, w...

This study aims to determine the development of research trends on environmental accounting published by national and international journals. The data analyzed consists 500 indexed publications during period 1981 2020. is then processed using R Bibliometric application bibliometric map developments. results showed that number role related has increased significantly. Then, most common type docu...

ABSTRACT We investigate the role of gender on aggressiveness sell-side analysts' questions during earnings conference calls. Our tests reveal that verbal is significantly associated with both analyst asking question and CEO fielding question. First, we find male analysts are more verbally aggressive than female analysts. Specifically, direct likely to be followed further questions, have a prefa...

ABSTRACT A growing literature provides evidence that peer considerations play a central role in shaping firm’s behavior. This paper documents the frequency of forced CEO turnovers by product market firms is negatively associated with real earnings management. I find disciplinary turnover explains observed relation. These effects are stronger when suspected to engage management meet or just beat...

The study is aimed to investigate the impact of investor sentiment on returns selected emerging equity markets i.e., Brazil, India, China, Russia, Indonesia, and Pakistan using non-linear predictive regression analysis. Principal Component Analysis used generate index. Investor has a significant current market this influence continued in short run most sample countries. However, not much pronou...

We outline a systematic approach to incorporate macroeconomic information into firm level forecasting from the perspective of an equity investor. Using a global sample of 324,982 firm-years over the 1998-2010 time period, we find that combining firm level exposures to countries (via geographic segment data) with forecasts of country level performance, is able to generate superior out of sample ...

The existing literature on audit opinion shopping provides inconsistent evidence on whether such shopping has any association with abnormal audit fees. In this paper, we hypothesize that firms engage in audit opinion shopping and pay an abnormal audit fee only when their degree of accounting quality is low. To examine the issue, we group firms on the basis of their change in return on assets (R...

Article history: Received 17 July 2014 Received in revised form 18 March 2015 Accepted 2 April 2015 Available online 9 April 2015 This study investigates whether earnings management reduces the level of value relevance and whether good corporate governance restrains earnings management. Using hand-collected data comprising 1012 firm-year observations from all companies listed on the Shanghai SS...