The purpose of this paper is to estimate simultaneously dynamic demand functions and, consequently, income and price elasticities for domestic and imported alcoholic beverages for the province of Ontario. The methodology used is the almost ideal demand system, originally developed by Deaton and...

Purpose: This paper aims to explore the effect of interlocking directorates on agency conflicts and corporate performance in the shipping industry. Design/methodology/approach: The authors use social network analysis to discover central nodes in the network of personal and corporate connections...

Purpose: This paper aims to explore internal audit effectiveness through its contribution to corporate governance. Namely, the authors attempt to investigate the impact of internal audit professionalization on internal audit’s contribution to corporate governance. Design/methodology/approach:...

Intellectual capital emerged approximately twenty years ago as an alternative paradigm with the ambition to identify, measure, report and manage knowledge assets. While the need for regulatory frameworks to account for knowledge assets and intangible drivers of value was pressing in the setting...

Truth is important in finance. Asset valuation, being a constitutive component of investment theory and the allocation of resources in the industry of financial services, is based on models that calculate true asset values as distinct from observed market prices. In financial economics, truth is...