Discretionary related party transactions (also known as tunnelling or self-dealing transactions) are non-arms length transactions with related parties of controlling shareholders for private benefit at the cost of other shareholders. Though there are studies on discriminatory related party...

Disclosure of human resources-related expenditure that contributes to a firm's value-creation, would expect to have value relevance in equity markets. This study uses data from listed companies in Australia over 8 years, covering accounting regime change and share-market upheaval, to trace the...