Review of Accounting and Finance: Volume 15 Issue 4

Do bank lending relationships affect corporate cash policy?

Huajing Hu, Yili Lian, Chih-Huei Su

The purpose of this paper is to examine whether prior bank lending relationships affect firms’ liquidity management.

Non Gaussian returns and pension funds asset allocation

Stéphane Hamayon, Florence Legros, Yannick Pradat

The authors aim to demonstrate the importance of taking into account “mean reversion” in asset prices and show that this type of modeling leads to a high share of equities in…

Corporate governance, CEO compensation and tax aggressiveness: Evidence from American firms listed on the NASDAQ 100

Khamoussi Halioui, Souhir Neifar, Fouad Ben Abdelaziz

The purpose of this paper is to examine the effect of corporate governance structure and CEO compensation on the level of tax aggressiveness.

Low-leverage policy dynamics: an empirical analysis

Joaquim Ferrão, José Dias Curto, Ana Paula Gama

The purpose of this paper is to provide new insights into the low-leverage phenomenon by analyzing the dynamics of firms’ financing policies. The authors explore three theoretical…

Ex-post stock return behaviour of corporate restructurings and corporate control

Dongnyoung Kim, Tih Koon Tan

This paper aims to investigate the correlation between stock returns of the parent and newly created entity and the degree of return skewness in parents in the three different…

Option repricing and executive retention – revisited

Sandra Renfro Callaghan, Chandra Subramaniam, Stuart Youngblood

This paper aims to directly test the assertion by proponents of executive stock option repricing that repricing leads to increased management retention. Previous studies find…

Impact of company level information on auditor conservatism

Naman Desai

Auditors tend to focus more on income-increasing items compared to income-decreasing items because they are trained to be conservative and also because the risk of litigation is…