The present essay is based on the paper by Verrecchia (2001) and seeks to present and discuss the analytical models developed from the theory of disclosure. Initially, research on this subject is classified into three categories: based on association, discretion and efficiency. Mathematical...

This study investigates determinants of goodwill impairment decisions and their disclosure quality. Under IAS36 goodwill is subject to an annual impairment test in which the carrying amount of goodwill is not allowed to exceed the recoverable amount. However, valuing this recoverable amount is...

While the study of dividend policy in Japan has investigated the role of group affiliation, it has heretofore neglected the impact of the strength of group affiliation. Using the strength of group association, a new variable in the study of dividend policy, we document that the probability of...

Corporate governance in Japan is now undergoing dramatic changes. A set of global standards for corporate governance has been advocated. For example, OECD complied guidelines on corporate governance in 1998 and 1999. Corporate governance measures are increasingly being paid attention to, and not...

I sistemi di controllo interno (SCI) orientano l’azione del management e contribuiscono alla protezione degli interessi degli investitori (e degli altri stakeholder). La natura di meccanismi di governo interni all’organizzazione, tuttavia, impedisce la diretta osservazione dei SCI da parte...

Whilst the predecessor (Part I) to this paper addresses criticisms and challenges which have arisen in response to recent Basel Committee's initiatives aimed at addressing capital and liquidity standards, the present paper highlights further measures which are being introduced by the Basel...

The objective of this paper is to illustrate that the change in shareholders' attitude towards firms (from stakeholder model to shareholder model) influences the accounting treatments of goodwill. Our study is based on four countries (Great Britain, the United States, Germany, and France) and...

The board of directors is an important entity in a company, creating a link between shareholders and managers and therefore playing an important role in the governance of a firm. This study focuses on board structure and the extent of the corporate governance statement disclosure. This study...

This study examines the interrelationships between foreign direct investment (FDI) inflows and country-level corporate governance in a large sample of countries for 2004. Building on the new paradigm shift of FDI attractiveness towards a host country's existing corporate governance environment,...