We examine whether variation in the separation of ownership and control influences the tax practices of private firms with different ownership structures. Fama and Jensen (1983) assert that when equity ownership and corporate decision-making are concentrated in just a small number of...

Using archival and published sources, the author studies the evolution of thinking, teaching and writing at the Harvard Business School from 1908 to 1980 in the areas of cost/management accounting, financial accounting, and management control, including information systems, and how the Business...

I examine whether managers use discretion in the two accounts related to revenue recognition, accounts receivable and deferred revenue, to avoid three common earnings benchmarks. I find that managers use discretion in both accounts to avoid negative earnings surprises. I find that neither of...

Organisations are becoming increasingly aware of the need for management information systems, due largely to the changing environment and a continuous process of globalisation. All of this means that managers need to adapt the structures of their organisations to the changes and, therefore, to...

Monetary system is undoubtedly a venture, which has developed in the course of the history. Many facts from historical and even pre-historical times testify to a variety of possible ways of understanding the affairs of money; however, the relationship between money and productivity of labor has...

The paper has discussed to what extent the Parmalat is to be considered as a particularly Italian case. The main characteristics of Parmalat's corporate governance structure have been compared and contrasted with those prevailing among Italian listed companies, as well as with the highest...

The risk premium is a part of Efficient Market Theory. The free market yields an adequately large risk premium in order to cover the costs of risk. On the other hand, respecting in practice the adequate risk premium size (wages, prices) makes the market more efficient. Many other fields of...

We extend Dopuch, King and Schwartz (2003) by examining the effect of various fee ratios on investor perception of auditor independence and market behavior. Consistent with Dopuch et al. (2003), we find disclosure of nonaudit fees reduces the accuracy of investor perception of auditor...

Monetary system is undoubtedly a venture, which has developed in the course of the history. Many facts from historical and even pre-historical times testify to a variety of possible ways of understanding the affairs of money; however, the relationship between money and productivity of labor has...

I investigate how the trend in audit practice of including face-to-face discussions between the preparer and the reviewer affects audit team performance. Specifically, I focus on the timing of reviewer/preparer discussion and explore whether performance of the audit team in a task involving a...