The objective of this study was to assess the underlining issues pertaining the relevance or otherwise of historical cost in the preparation of financial statement of firms. It further seeks to explore other alternative methods of financial report in an inflationary environment. Secondary...

This study investigates the development of income-decreasing discretionary expenses surrounding CEO turnovers at banks. We expect incoming CEOs to take an earnings bath during the initial stage of their tenure. For a sample of German banks over the period 1993-2012, we document that (1) incoming...