This paper models tax competition between two countries that are divided into regions. In the first stage of the game, the strategy variable for each country is the division of the provision of a continuum of public goods between the central and regional governments. In the second stage, the...

Discount factors have a long tradition of being computed using capital market inputs for the estimation of systematic risk. They are of increasing importance in financial accounting, including the valuation of goodwill and other intangibles. In view of the volatility of stock market returns and...

Using the example of the creation of corporate environmental reputation, the article offers a theoretical extension of the resource-based view of the ®rm to include quality signaling via the channel of accounting disclosure. The proposed framework is then tested via an empirical survey into the...