Purpose – This paper aims to provide an in-depth examination of the emergent state of financial technology (fintech), particularly emphasizing capital-raising innovations and their implications for international business.Design/methodology/approach – Using the highly influential articles...

Market manipulation are deliberate actions that affect trading activity and corporate policies. We conjecture that market manipulation has unintended consequences also for the ESG policies of the firm. Based on an international sample of monthly data from 2007 to 2018, the data indicate that the...

We analyze the economic consequences of disclosure and regulation within a context of significant information asymmetry and lenient regulation. In Canada, firms can enter the stock market at a pre-revenue stage by fulfilling each of the requirements of an initial public offerings or using...

Based on M&As from over 45 countries from 2003-2014, we show that the presence of end-of-day (EOD) target price manipulation prior to M&As increases the probability of an M&A deal withdrawal, and decreases the premium paid. More detailed exchange trading rules that govern manipulation across...

We examine the spread of voluntary investor protection mechanisms across countries. In particular, we consider UCITS protection for mutual funds. We explore the spread of 1344 UCITS bond funds and 2784 UCITS equity funds from various countries of origin in Europe initiated in the 2001-2007...

We examine the spread of UCITS funds around the world, and consider whether such mutual funds that adopt higher standards of voluntary investor protection expand their operations to other countries with higher or lower investor protection regimes. The data indicate equity funds spread to...

We examine the spread of UCITS funds around the world, and consider whether such mutual funds that adopt higher standards of voluntary investor protection expand their operations to other countries with higher or lower investor protection regimes. The data indicate equity funds spread to...

We examine the spread of Undertakings for Collective Investment in Transferable Securities (UCITS) funds around the world and consider whether such mutual funds, which voluntarily adopt higher standards of investor protection, expand their operations to other countries with higher or lower...

We examine the influence of auditors on mitigating corporate fraud in China, which is known to have weak legal enforcement, weak investor protection along with tight control of the media and labour unions. We find that firms with executives that have lower integrity, indicated by a greater...

We examine the influence of auditors on corporate fraud in China. We find lower executive integrity firms are associated with higher propensity of regulatory enforcement actions against corporate fraud in the subsequent year. We then show that this effect is moderated by the issuance of modified...