Are foreign investors in emerging markets more financial statement literate than domestic investors? If so, this conjecture implies that foreign (domestic) investors are more likely to revise their return expectations to cash flow (discount rate) news. It also implies that cash flow news and...

This study shows that auditors are more likely to charge higher audit fees, issue false-positive going concern opinions (i.e., Type I error), and resign from high asset redeployability (AR) firms. In supplemental tests, we use path analysis to show that the significant associations between AR...

While financialisation has been typically framed as a market imperative that permeates everyday life and transforms individuals and households into responsible self-governing subjects, we argue that the role of the state is vital in explaining the formation and impacts of specific forms of...