This study empirically investigates the relationship between the timeliness of the financial reporting and the corporate governance proxies for companies listed on the Tunisian stock exchange during 2009.It investigates the role of the corporate governance mechanisms on the timeliness of corporate financial reporting besides; it investigates the relationship between the company size, leverage, ...

With the daily and minutely data of the German DAX and Chinese indices, we investigate how the return-volatility correlation originates in financial dynamics. Based on a retarded volatility model, we may eliminate or generate the return-volatility correlation of the time series, while other characteristics, such as the probability distribution of returns and longrange time-correlation of volati...

the management of the firms with the high incremental debt usually has more incentives to satisfy the creditors via the earning management. of course, the demand of annually auditing reports by professional auditing institutions that is one of the provider's (creditor's) conditions, cause to management face chief limitations and forbiddances in the field of earning management. accordi...

This paper develops a simple business-cycle model in which financial shocks have large macroeconomic effects when private agents are gradually learning their economic environment. When agents update their beliefs about the unobserved process driving financial shocks to the leverage ratio, the responses of output and other aggregates under adaptive learning are significantly larger than under ra...

Leverage-initiating stocks experience an increase in return comovement with leveraged and a decrease zero-leverage the year after leverage initiation event. Conversely, that fully deleverage comove more their new peers of less old stocks. These findings are robust controlling for common factors firm characteristics using various time series events as exogenous shocks to corporate decisions. Our...

We examine information quality and financial leverage when an entrepreneur needs financing to undertake a risky project his effort input affects the project's outcome. show that interact play active roles in both investment decisions. Our analysis shows positive association between optimal quality—when is low (high), (high) optimal. This because with leverage, already motivated by large share o...