We investigate executive turnovers with focus on different kinds of outside board memberships of supervisory board members. The analysis is based on all management board members of the largest German corporations during the period from 1996 to 2008. Cox proportional hazard estimations suggest...

The objective of this paper is threefold. First we develop a comprehensive framework for valuerelevant disclosures (Value Reporting)to serve as the theoretical background for Business Reporting in order to give guidance for preparers and standard setters in their task to structure the...

This paper introduces a new rationale for the existence of "Directors' and Officers'" (D&O) insurance. We use a model with volatile stock markets where shareholders design compensation schemes that incentivize managers to stimulate short-term increases in stock prices that do not maximize long...

Spitzenführungskräften wird gemeinhin eine herausragende Bedeutung für das Wohl und Wehe ihrer Unternehmen zugeschrieben. Gerade mit dem Wechsel an der Führungsspitze sind Erwartungen an bestimmte typische Erfolgsentwicklungen verbunden. Inwieweit sich diese erfüllen und ob sich bei...

We study the impact of toxic emissions on the migration of corporate executives. We link data on the opening of industrial plants emitting toxic air pollutants with information on the career paths of executives at all S&P 1500 firms over the 1996-2014 period. We find that (1) the opening of...

This study is aimed at developing and validating an index designed to measure the level of social disclosure of external social programmes implemented by firms listed on the Brazilian stock market. Based on Ramanathan (1976), Haydel (1989) and Hammond and Miles (2004), the index of social...

This study focuses on investigating the factors influencing the capital structure of seven companies listed in the pharma and biotech sector of the Karachi Stock Exchange. Leverage has been designated as a representative of capital structure. Seven variables (all financial) are assumed...

This paper examines the capital structure of listed industrial companies in Jordan. Using firm-level panel data, the main leverage ratios and the mean ratios of long term debt to total debt are calculated during the time period 1978-1998. Based on the statistical analysis, it is found that...

This research aims to reveal whether independent auditor's (as the real person and the legal entity) qualifications (audit firm size, audit opinion, audit gender, audit firm specialization, audit firm rotation, geographical difference) have any effect on earnings management via discretionary...