Review of Accounting and Finance: Volume 18 Issue 2

Voting with hands, earnings management and corporate governance

Ting Li, Xinlei Zhao, Aiwu Zhao

Motivated by managers’ intentions to pursue private interests by engaging in earnings management, this paper aims to investigate whether voting with hands (shareholders cast votes…

Impact of competition on fund disclosures and consumer search costs

Sitikantha Parida

The purpose of this paper is to investigate the impact of competition in financial markets on the frequency of portfolio disclosures by mutual funds and its implications for…

An examination of the dimensions of CEO power and corporate social responsibility

Shahbaz Sheikh

This study empirically aims to examine the relation between CEO power and firm engagement in corporate social responsibility (CSR). It undertakes an in-depth analysis of how the…

Client industry characteristics and auditor changes

Tim Cairney, Errol G. Stewart

This study aims to examine whether the industry characteristics of homogeneity, product competition, high auditor competition and accounting standards complexity are associated…

A guide on empirical tests of the EMH

David Peón, Manel Antelo, Anxo Calvo

The efficient market hypothesis (EMH) states that asset prices in financial markets always reflect all available information about economic fundamentals. The purpose of this paper…

A combined approach based on robust PCA to improve bankruptcy forecasting

Marianna Succurro, Giuseppe Arcuri, Giuseppina Damiana Costanzo

Starting from a series of financial ratios analysis, this paper aims to build up two indices which take into account both the firm’s debt level and its sustainability to…

Loan purpose and accounting based debt covenants

Daniel Gyung Paik, Timothy Hamilton, Brandon Byunghwan Lee, Sung Wook Yoon

The purpose of this paper is to investigate the association between the purpose of a loan and the type of debt covenants, separated into balance sheet-based and income…