<title>Abstract</title> <italic>This paper investigates the relationship between the effective tax rate on bank income and bank profit efficiency. Our sample consists of 3,472 observations from 533 publicly quoted commercial banks operating in 46 countries between 2001 and 2009. We estimate a global frontier while...</italic>

This study investigates whether the capital market values the efficiency of firms. After tracing stock returns and efficiency changes of 399 listed insurance firms in 52 countries during the 2002–2008 period, the paper reports a positive and statistically significant relationship between...

In this study, we empirically investigate the relationship between financial and auditing requirements, capital requirements, official supervisory power, and the likelihood of receiving a qualified audit opinion. The sample consists of 71 qualified financial statements and 17,526 unqualified...

This paper provides the first cross-country study on the association between firms' soundness and regulatory policies in the insurance industry. Measuring solvency with an accounting based measure of distance to default, namely the Z-score, we find that the power of the supervisory authorities,...

We develop classification models that could assist auditors during the examination of firms operating in the public services sector. The sample consists of 228 firms from the Health and Social work and the Education UK sectors. The models, both sector-specific and general ones, are developed...

We use a sample of acquired and non-acquired commercial banks from the principal EU markets and logistic regression analysis to investigate the relationship between bank characteristics and the likelihood to be acquired. The results indicate the existence of differences across countries either...

This short paper presents the first attempt to examine empirically the relationship between the level of bank liquidity and the structure of the board of directors, in terms of board size and independence. A novel database on these board characteristics is built that includes banks operating in...

We develop classification models that could assist auditors during the examination of firms operating in the public services sector. The sample consists of 228 firms from the Health and Social work and the Education UK sectors. The models, both sector-specific and general ones, are developed...