Climate change related risks impact and challenge the private sector in many different ways. This also applies to risk drivers like a companies' reputation and a changing consumer behavior. Since significant risk drivers for companies differ just as much as companies themselves, a sector...

The quest for stylized facts regarding market share and natural market structures is not new, however extant research has predominantly concentrated on share rank and distribution. Using a sample of 220K firm-year observations representative of the US economy over four decades, this study...

Purpose – The purpose of this case study is to teach students the fundamental and most critical aspects of performing a financial statement risk assessment, a skill vital to help ensure both auditor and public-company compliance with guidance found in the Sarbanes-Oxley Act of 2002 (SOX), the...

The goal of this paper is to discuss the potential of cluster theory to inform industry policy. The essay surveys recent literature published in Australia and in other OECD countries and draws out some of the key issues relevant to policy decisions. The discussion is organised in five sections....

The growth of business firms is an example of a system of complex interacting units that resembles complex interacting systems in nature such as earthquakes. Remarkably, work in econophysics has provided evidence that the statistical properties of the growth of business firms follow the same...

In this research, we examine the sector-specific distributive effect of war in the United States economy. We argue that war generates sector-specific distributive effects via demand-side and supply-side mechanisms. We also claim that war's distributive effects materialize over time. Our...

While much of the previous literature considers whether corporate social responsibility (CSR) pays, we take a more nuanced perspective, theoretically and empirically, by investigating when CSR pays and for whomlsquo; Theoretically, we develop two contingency perspectives. First, we extend...

Roeger's method (Roeger, 1995), which analyses the relationship between primal and dual productivity measures, can also be used to directly estimate from readily available data the static welfare loss due to a suboptimal allocation of the factors of production

Industry classification is an important component of the methodological infrastructure of accounting research. Researchers have generally used the Standard Industrial Classification (SIC) system for assigning firms to industries. In 1999, the major statistical agencies of Canada, Mexico, and the...