Review of Accounting and Finance: Volume 19 Issue 2

The cross-market efficiency of the Italian derivatives market: A case study from the Italian derivatives market

Izidin El Kalak, Robert Hudson

This study aims to examine the cross-market efficiency of the FTSE/MIB index options contracts traded on the Italian derivatives market (IDEM) during a period including the…

Stock returns, illiquidity and feedback trading

Jing Chen, David G. McMillan

This study aims to examine the relation between illiquidity, feedback trading and stock returns for several European markets, using panel regression methods, during the financial…

Asymmetric impact of exchange rate changes on stock returns: evidence of two de facto regimes

Walid M.A. Ahmed

This study focuses on Egypt’s recent experience with exchange rate policies, examining the existence of spillover effects of exchange rate variations on stock prices across two…

Corruption and auditor choice: a cross-country investigation

Rong-Ruey Duh, Chunlai Ye, Lin-Hui Yu

The purpose of this study is to examine whether the corruption level of a country is associated with a firm’s decision to choose Big 4 versus non-Big 4 auditors. In addition, the…

Does corporate diversification enhance accrual quality?

Shih-Chu Chou, Chunchia (Amy) Chang

This study aims to examine the association between corporate diversification and accrual quality and test whether the diversification effect hypothesis, which predicts that…

Internal control and financial reporting quality of small firms: A comparative analysis of regulatory regimes

Jagan Krishnan, Jayanthi Krishnan, Sophie Liang

The Dodd–Frank Act of 2010 exempts small, non-accelerated filers from compliance with Sarbanes–Oxley Act (SOX) Section 404b internal control audits. However, these firms are…

Customer concentration types and public debt contracts

HyunJun Na

This paper aims to examine how a firm’s customer concentration, which is the amount of sales between a supplier firm and the major customers, affects corporate bond contracts…

CEO-employee pay gap and firm R&D efficiency

H. Leon Chan, Brett Kawada, Taekjin Shin, Jeff Wang

This study aims to examine whether the pay gap between the chief executive officer (CEO) and non-executive employees affects the firm’s research and development (R&D) efficiency…