We investigate whether improvement in Brazilian corporate governance practices is related to better performance of companies measured in its diverse dimensions. Dummy variables were used to identify firms with level 2 or 3 ADR programs and to represent participation in level 2 or the “new...

In this article we share the results of our research, which sought to verify whether the improvement in corporate governance practices has already had an impact on the value of corporations, measured by the Tobin's Q. To achieve this objective, a conceptual model was drawn up containing the...

This study extends several discussions regarding non-discretionary conservatism and documents evidence of non-discretionary conservatism in Japanese listed companies. Moreover, it finds that managerial opportunism cannot be completely ruled out even when asset write-downs are strongly warranted...

This paper analyses the effects on unconditional conservatism of the mandatory adoption of International Financial Reporting Standards (IFRS) by Spanish listed companies in January 2005. The lack of robustness in the previous evidence justifies analysing this issue from different perspectives....