We examine the effect of country level research and development (R&D) tax credits on optimal levels of firm-specific R&D investments. We use a sample of R&D active firms from 22 countries and find that such credits drive firms to invest towards optimal levels of R&D investment. This finding is...

This study examines the effect of CEOs’ overconfidence on the association between both total R&D expenditure and capitalised development costs and future cash flows. Further, we reflect on prior corporate governance literature highlighting the less overconfident nature of female directors...

This paper analyses gender differences in hedge fund (HF) performance persistence using parametric and non-parametric risk-adjusted-performance persistence indicators. We find evidence consistent with performance persistence, which in relative (risk-adjusted) terms, is more pronounced amongst...

According to its advocates, Integrated Reporting (IR) aims to enhance firms’ information environment by placing financial reporting into a much broader perspective in which interrelated non-financial information of firms’ activities are taken into consideration. We examine whether this...

This paper reviews the literature on the effect of informal institutions on accounting practices and outcomes. We adopt a structured literature review methodology and address three key questions: How is research on the impact of informal institutions on accounting outcomes developing? What is...

We explore whether uncertainty avoidance, an important aspect of national culture, influences the level of informativeness of share prices about future earnings. Uncertainty avoidance relates to the extent to which the members of a society feel threatened by uncertain or unknown situations. We...

Research and development (R&D) is increasingly significant in the global economy and its accounting treatment has always been, and remains, a contentious area. The standard governing its accounting treatment under International Financial Reporting Standards is IAS 38 Intangible Assets. This was...

This study examines how product market competition affects firms' disclosures of their individual segments' performance. We explicitly account for different types of product market competition by distinguishing between competitors who are already active in a particular market and potential...