Merger deals are one of the most important business strategies which can change the company value dramatically. Mergers have been constantly a subject of debate and analysis over the past decades. Thus, it is a matter of great interest to analyze merger activities during economic crisis periods,...

This paper presents evidence that macroeconomic accounting models helped to anticipate the credit crisis and economic recession, whereas equilibrium models, ubiquitous in mainstream policy and research, did not. This study traces the intellectual pedigree of the accounting approach as an...

This study aims to revisit the role of accounting information on equity valuation after the Asian economic crisis. The accounting information examined including earnings, cash flows, and book value of equity. The sample is the end of 2002 LQ45 listed in IDX during 2003-2007 period. The result...

Objective – This paper shows how leverage affects firm's fragility and financial soundness during financial and industry crises.Methodology/Technique – Long term inefficient and zombie firms are explored through the effects of leverage in additional tests.Findings – There are two main...

This study investigates the effect of a change in financial reporting regulation, the adoption of International Financial Reporting Standards (IFRS), on investment decisions in Europe. It further investigates whether capital investment decisions were influenced by the adverse macroeconomic...

The current economic crisis has hit the Italian economic system hard (Bugamelli et al, 2009; Accetturo et al., 2011) and has once again highlighted the economic divide between the northern and southern regions of Italy (Banca d’Italia, 2012). Official statistics (Istat, 2012a; Istat, 2012b) outline a...

La contabilidad ha adquirido no sólo una alta visibilidad como disciplina, sino que ha contribuido con su quehacer a crear auténticas crisis económicas; en honor a su creciente importancia, ya pueden denominarse crisis contables. Se tomarán algunas ilustraciones sobre la crisis de la...