Purpose – The purpose of this paper is to stress the role that several defective theories or views of the world played in generating the subprime financial crisis. Design/methodology/approach – This is done by describing these views, showing that they were widely held by relevant decision...

Purpose – The purpose of this paper is to explore the impact of creditors' undervaluing the total expected cost of a borrower's bankruptcy filing because a portion of the cost will be borne by other lenders. Creditors who bear a smaller portion of the total cost of a personal bankruptcy would...

Purpose – The paper aims to study the importance of financial market development and financial structure in explaining the financial policies of firms in emerging market countries. Design/methodology/approach – The paper uses a panel data of 32 countries and the system generalized method of...

Purpose This study aims to review major themes and findings of research into financial management of family business and to suggest new directions for future research. Design/methodology/approach This is a perspective article beginning with literature review to summarize prior research and to...

Purpose – Since the Chinese government implemented its reform and open‐up policies in 1978 many western management accounting concepts and techniques have been introduced into China. The purpose of this paper is to investigate how Chinese management accountants have coped with the changes in...

Purpose – Investigating the characteristics of the transformation of China's agricultural growth and the institutional reforms during the whole transition period in the 1980s will help to understand China's economic and agricultural reform and offer some successful experiences to other...

Purpose – The purpose of this article is to discuss the risks to a company that fails to understand and respect its social contract. Design/methodology/approach – The paper provides a viewpoint on the “ethical blowback”. Findings – The paper argues that two forces that are now...

Purpose – This purpose of this paper is to review the progressive development in bilateral trade and investments between China and the Association of the Southeast Asian Nations (ASEAN) since 1970. China's economic reform has served as a great incentive for ASEAN countries to engage in...

Purpose – The purpose of this paper is to discuss the impact on the new federal wage fixing system on gender pay equity in Australia. Design/methodology/approach – The article is divided into four parts. The first section briefly examines the policy approach to the issue of gender pay equity...