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The study investigates the relevance for stock markets of voluntary disclosure of eXtensible Business Reporting Language (XBRL) extensions [based on International Financial Reporting Standards (IFRS) or US-GAAP] for an international sample of US cross-listed firms.

The study examines if the disclosure of XBRL extensions by a firm provides relevant information to market participants. Towards that end, this paper investigates whether this type of disclosure affects the level of information asymmetry between insiders and investors and if it is value relevant. This study measures information asymmetry by bid-ask spread and value relevance by stock price or Tobin's Q.

After a certain level of disclosure of XBRL extensions, the impact on stock pricing is negative (creates noise on stock markets). Controlling for that phenomenon, both IFRS and US-GAAP XBRL extensions are value relevant. Second, results indicate that XBRL extensions are positively (negatively) related to stock market value for firms that exhibit positive (negative) earnings. This suggests a complementary effect between earnings and XBRL extensions on their relation with stock price or Tobin's Q. Finally, the results also indicate that both IFRS extensions and US-GAAP extensions are associated with lower information asymmetry (i.e. bid-ask spread).

To the best of the authors’ knowledge, this study is the first to investigate the relevance of XBRL extensions under IFRS for US cross-listed firms since the availability of the IFRS taxonomy for foreign private issuers that prepare financial statements under IFRS standards.

This paper analyses the role of accounting information quality on leverage adjustments. More specifically, the authors investigate whether a better accounting information leads to a higher speed of adjustment to the target financial leverage.

The authors use a two-step method. They first estimate the target financial structure and then the influence of accruals quality on the speed of adjustment to this target. The study sample consists of French listed companies in the CAC All-Tradable index. The sample contains 210 companies and 1,713 observations.

Accounting literature showed the positive influence of accounting quality on financial management. The study findings are in line with these results. The authors give evidence of that a better quality of accruals is associated with a greater speed of adjustment.

A common limitation in this field is the use of proxies. This makes results harder to generalize. For this reason, the authors implemented several models to improve the robustness of their results.

The authors give evidence that firms have an incentive to disclose a good-quality accounting information. A weak accounting quality prevents firms from adjusting their leverage to their financial target and therefore reduce their value.

This work shows the need for accounting standardization bodies to strive to produce accounting standards allowing the production of high-quality accounting information. In a teaching dimension, these results highlight the importance in corporate finance of acquiring expertise in quality accounting information analysis.

This work is original because the authors study the influence of accounting quality on speed of adjustments of firms operating in the same legal environment and using the same accounting standards, when previous work compared different accounting frameworks. The French context is characterized by the weakness of market mechanisms and the important role of banks. These characteristics are known to reduce the role of accounting information in financing process. This result is interesting because the authors demonstrate that firms operating in this context still have an incentive in producing high accounting quality information.

The purpose of this paper is to suggest that the case of General Guillaume-Henri Dufour may offer useful ideas for the development of responsible leadership in military ethics. Military ethics is a field of growing importance. And in the military profession, leadership is particularly valued. The systematic and continuing production of leaders at all levels is a constant task of military forces in any country, and the need for leaders who are responsible and ethical is not only desirable, but also essential – as a variety of ethical failures have shown us.

Guillaume-Henri Dufour was a decorated soldier serving Switzerland as a general, who founded a military academy and trained others in the military sciences, who served as a politician, and who contributed noted achievements in the fields of cartography and civil engineering. A short sketch of his life is provided, and then focus turns to two specific occasions: the Sonderbund War and the agreement for the Geneva Convention for the Amelioration of the Condition of the Wounded in Armies in the Field.

Tarun Banerjee is a Ph.D. candidate of sociology at State University of New York at Stony Brook. His research is in the areas of social movements, organizations, and class analysis. His dissertation is on protests against large corporations in the United States, and examines the impact of social networks between these corporations in their responses to social movement demands.

Purpose – The aim of this chapter is to theorize and describe the main characteristics of the social construction of the policy of electro-amplified popular music (EAPM) in the French context.

Design/methodology/approach – To explain the significance and the institutionalization of EAPM through the conflict and mediation between two modes of legitimation of the rebellion and recognition of identity: deliberative rationality and verbalization of protest, on the one hand, and “musicalization” of revolt and globalization of the rebellious feeling attitude, on the other hand.

Findings – The meaning of the so-called “musicalization of revolt” is defined. This phenomenon emerged, in France, at the end of 1960s, after a long and traditional period of “politization” and rationalization of protest. The main sociological and economic dimensions of this new historical process are designated: a special standardization of the emotional expression and a transcultural and global matrix of rebellion. Then, the public policy of EAPM is examined in depth. The paradox of the French voluntarism (the regulation of EAPM practices) is accentuated. What to do with the liberal origin of these styles and the institutional policy that began in 1982? Why and for what reasons has this public policy been still going on? What are the advantages of the public support from musicians’ as well as local and national authorities’ point of view? What are the topics of EAPM public policy (support for social creation, status of drugs, and ritualization of violence)?

Originality/value of chapter – This academic text offers some key concepts explaining the normalization of the emerging and anarchistic musical cultures.

This paper aims to provide a limited, but selective bibliography on modelling heat and mass transfer in composite fluid‐porous domains.

Since the pioneer study by Beavers and Joseph, the problem of interface continuity and/or jump conditions at a fluid‐porous interface has been of interest to the fluid mechanics and heat and mass transfer community. The paper is concerned both with numerical simulations of heat and fluid flow in such systems, and with the linear stability problems.

The one‐ and two‐domain formulations are equivalent. Using the Darcy‐Brinkman extension instead of the Darcy model reduces the number of ad hoc parameters in this configuration.

The problem of double diffusive convection has still to be solved and analyzed.

The discussion on the interface conditions is of great relevance to many industrial and practical situations.

The important question of the macroscopic formulation of the problem is tackled in the paper.

The financial technology (FinTech) era has brought a revolutionary change in the financial sector’s customer experiences at the national and global levels. The importance of artificial intelligence (AI) in the context of FinTech services for enriching customer experiences has become a new norm in this modern era of technological advancement. So, it becomes crucial to understand the customer’s perspective. The current research ranks the factors and sub-factors influencing customers’ perceptions of AI-based FinTech services.

The sample size for this study was decided to be 970 respondents from four Indian cities: Mumbai, Delhi, Kolkata and Chennai. The Fuzzy-AHP technique was used to identify the primary factors and sub-factors influencing customers’ experiences with AI-enabled finance services. The factors considered in the study were service quality, trust commitment, personalization, perceived convenience, relationship commitment, perceived sacrifice, subjective norms, perceived usefulness, attitude and vulnerability. The current research is both empirical and descriptive.

The study’s three top factors are service quality, perceived usefulness and perceived convenience, all of which have a significant impact on customers’ experience with AI-enabled FinTech services discussing sub-criteria three primary criteria for customers’ experience for FinTech services include: “Using FinTech would increase my effectiveness in managing a portfolio (A2)”, “My peer groups and friends have an impact on using FinTech services (SN3)” and “Using FinTech would increase my efficacy in administering portfolio (PU2)”.

The current study is limited to four Indian cities, with 10 factors to understand customers’ preferences in FinTech. Further research can focus on other dimensions like perceived ease of use, familiarity, etc. Future studies can have a broader view of different geographical locations and consider new tech to understand customer perceptions better.

The study’s findings will significantly assist businesses in determining the primary aspects influencing customers’ experiences with AI-enabled financial services. As a result, they will develop strategies and policies to entice clients to use AI-powered FinTech services.

Existing AI research investigated several vital topics in the context of FinTech services. On the other hand, the current study ranked the criteria in understanding customer experiences. The research will substantially assist marketers, business houses, academicians and practitioners in understanding essential facets influencing customer experience and contribute significantly to the literature.