We develop and test a model of multinational corporation (MNC) decentralization in which the allocation of decision rights to subsidiaries is explained by aspects of both internal corporate culture as well as external national cultures. We extend the literature on MNC decentralization by testing...

A growing body of literature investigates the interaction of changes in accounting standards with institutions such as investor protection laws and corporate governance mechanisms. We examine the unintended consequences of fair value accounting in determining mandated preferred dividends. We...

We compare the timeliness of U.S. GAAP impairments to the timeliness of IFRS unrealized losses for investment property. Using the reporting of economic losses by U.S. and U.K. real estate firms around the time of the financial crisis, our results show that unrealized losses are substantially...

We examine the impact of positive fair value adjustments on dividend policy. If fair value adjustments are transitory in nature and managers are able to assess their implications for future earnings, including fair value adjustments in net income is expected to have no distribution consequences....

We investigate whether the switch to working from home during the corona pandemic has affected employee-level management control system design and use in a sample of 227 employee-supervisor dyads in The Netherlands. Organizational theory suggests that more working from home will lead to more...