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The purpose of this paper is to examine the efficacy of the current legislative provisions that protect auditor independence in Australia. The collapses of several high-profile companies (Enron and WorldCom in the USA, HIH insurance and OneTel in Australia) in the early 2000s has raised questions about audit quality and independence. In response, regulators have introduced new regulations and guidance to improve audit quality. In Australia, the Corporations Act 2001 (2001) was amended via the Corporate Law Economic Reform Program Act 2004. This study poses the question: do non-audit service fees influence the level of accounting conservatism?

The sample used in this analysis consists of all available Australian listed companies from the years 2006 till 2010.

Using multiple measures of accounting conservatism and the auditor-client economic bond, our results suggest that the level of the economic bond between the auditor and the client does not significantly influence the level of accounting conservatism.

Our results demonstrate that the combination of intrinsic market mechanisms and regulation in Australia sufficiently protect auditor independence.

The purpose of this study is to examine the extent of disclosure harmonization in selected accounting disclosure practices in three South Asian countries, namely, India, Pakistan and Bangladesh.

The study is based on a sample of 566 non‐financial companies for the financial year 1998. A total of 91 disclosure items were selected from 13 common IAS‐based accounting standards. The I index and chi‐square statistics are used to measure the degree of disclosure harmonization.

The values of the I index show a relatively higher degree of disclosure harmonization in the areas of inventories, cash flow statements, consolidated financial statements, investment in subsidiaries, and borrowing costs. A lower level of harmonization is observed in the areas of taxes on income, leases, retirement benefit costs, and investments.

These finding have implications for the national standard setters and regulators as well as the International Accounting Standards Board (IASB) and the South Asian Federation of Accountants (SAFA). These bodies may work together for the improvement of comparability of financial reporting in the region.

Grounded in lemon market theory, this paper aims to examine the influence of corporate governance (CG) on stock market liquidity in Bangladesh, where stock market manipulation because of speculative trading is a common concern.

This study is based on a sample of 2,420 firm-year observations covering all non-financial firms in Bangladesh from 1996 to 2011.

This study’s results show a significant relationship between governance and liquidity within firms over time. In particular, within firms, when governance quality increases, liquidity significantly improves. For instance, a rise in the governance quality by one standard deviation decreases the illiquidity ratio by 55.97%. The results are unlikely to be confounded by endogeneity.

The results have important policy implications for security regulators, investors, traders and managers. The results support the current regulatory trend of strengthening CG practices in the listed firms in Bangladesh.

This study contributes to the understanding of the role of effective firm-level CG on stock liquidity in the context of an emerging country. Consistent with prior research mostly conducted in the advanced economies, it provides further empirical support that higher CG quality reduces the information asymmetry problem and enhances stock liquidity even in a speculative market.

The question of civilian supremacy over managing state affairs has been revisiting Pakistan time and again; the case is the same these days. Assuming its strategic location at the crossroads of Middle East-Central South Asia, the country has a lot of potential not only to prosper and progress, but it can play a pivotal role in restoring peace and stability in the region.

Pakistan's civilian leadership has mostly supported the concept of peaceful coexistence with all neighboring countries, but the theory of animosity propagated by Pakistan's army with its neighbor, especially India, has kept the world's sixth most populous nation in a state of war ever since its inception. This chapter discuses the perpetual conflict between the civil-military approaches and how it is effecting regional peace.

This paper aims to discuss the discourse of globalisation and its implications in the case of state-owned jute mills (SOJMs) in the post-colonial state of Bangladesh.

The authors draw upon a critical debate on the concept of globalisation and critical political economy to revisit the country’s historical, political, social and cultural construction to discuss conditions of its conformity within the global order. Additionally, the perspective of subaltern studies underpins discussion of the context of the post-colonial state.

A schematic analysis of the context surfaces issues that underpin the process of “truth production” and that have contributed to global integration of the Bangladesh economy. We consider how this discourse benefits some people, while over time, the majority are dislocated, excluded and deprived. Hence, this discourse denotes a territorial power of globalism that leads us to conceptualise Bangladesh as a neo-colonial state.

Through a case study of SOJMs, this paper contributes to discussion on the essence and implications of the globalisation discourse and on how its methods and techniques reinforce hegemony in the name of development and sustainability in the forms of liberalisation, democratisation and good governance in a state like Bangladesh.

The purpose of this paper is to develop a model of “electronic social entrepreneurship” by integrating social entrepreneurship and information and communication technology to enhance social enterprise effectiveness. Social enterprise has recently emerged as a contemporary form of enterprise to achieve sustainable social order. Thus, besides building economic value, a primary goal of these enterprises is to create superior social value. Although, a considerable number of studies exist on social enterprise, the literature is still lacking in the discussion on electronic social entrepreneurship.

This study adopted inductive qualitative approach in which in-depth, semistructured interviews were conducted from 32 owners/managers/CEOs of registered social enterprises.

The analysis of interviews by qualified researchers resulted in the identification of four key themes. These themes included information and communication technology, information and communication technology–based innovation, environmental complexity and social value creation. Frequencies of all the identified themes were calculated, and based on these themes, literature review was conducted to find out the relationships between these themes and to introduce a model of electronic social entrepreneurship.

The model developed could be used by social enterprises for achieving higher social and economic returns.

Based on interviews and literature review, a unique model for electronic social entrepreneurship is developed.

This chapter is intended to elaborate on the existing academic literature addressing the migration of constitutional ideas. Through an examination of ongoing efforts to enshrine “defamation of religion” as a violation of international human rights, the author confirms that the phenomenon of migration is not restricted to positive constitutional norms, but rather also encompasses negative ideas that ultimately may serve to undermine international and domestic constitutionalism. More specifically, the case study demonstrates that the movement of anti-constitutional ideas is not restricted to the domain of “international security” law, and further, that the vertical axis linking international and domestic law is in fact a two-way channel that permits the transmission of domestic anti-constitutional ideas up to the international level.

In reaching the findings presented herein, the chapter also adds to the universalism–relativism debate by demonstrating that allowances for “plurality consciousness” on the international level may in certain instances undermine fundamental norms previously negotiated and accepted as authoritative by the international community. From this perspective, the movement in favor of prohibiting “defamation of religion” is not merely a case study that helps to expand our understanding of how anti-constitutional ideas migrate, but also indicative of a reenergized campaign to challenge the status, content, and stability of universal human rights norms.