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Our research is focused on the organizational legitimacy gained by the International Integrated Reporting Council (IIRC … to the body of knowledge on integrated reporting in several ways. First, few studies discuss the legitimacy of a standard …-setter, especially in the area of non-financial reporting. Second, our study considers the legitimacy granted by all the categories of …
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The Residual Earnings (RE) model has informed the capital market research over the last twenty years. To employ it in an empirical setting researchers commonly make extra assumptions about how future RE are related to and predicted by today's observed numbers. In this article, we show that the...
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Empirical studies on earnings quality use various measures that capture particular dimensions of earnings quality. This paper provides a theoretical foundation to evaluate and compare several common earnings quality measures: value relevance, persistence, predictability, smoothness, and...
Persistent link: https://www.econbiz.de/10013020117
Alibaba, the e-commerce giant that completed a record-setting IPO in the United States in 2014 and was valued at over $700 billion in early 2021, is one of hundreds of Chi-na-based firms listed in the United States whose controlling insiders are largely law-proof: the corporate and securities...
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We argue that log-linear models, using elasticities to measure response coefficients in regression models of the market-accounting relation, are well specified and provide precise, readily interpreted and valid estimates of the relation between market and accounting values. Using this approach...
Persistent link: https://www.econbiz.de/10013312411
This paper attempts to analyse some of the factors which may increase the pressure to refer to EU law and EU jurisdictions when drafting contracts, particularly if no agreement is reached between the EU and UK on jurisdictional matters such that there is an absence of an adequate enforcement...
Persistent link: https://www.econbiz.de/10014114359
This paper analyses the integration of China and India into the global economy. To this end, it presents estimates from … China’s trade intensity is higher than fundamentals would suggest, whereas the converse is true for India. Second, Chinese …, China’s exports of services tend to complement its exports of goods, while India’s exports are growing only in deregulated …
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