We investigate the effect of standard setters in standard setting. We examine how certain professional and political characteristics of FASB members and SEC commissioners predict the accounting “reliability” and “relevance” of proposed standards. Notably, we find FASB members with...

This paper examines why CFOs become involved in material accounting manipulations. We find that while CFOs bear substantial legal costs when involved in accounting manipulations, these CFOs have similar equity incentives to the CFOs of matched non-manipulation firms. In contrast, CEOs of...

The likelihood and speed of forced CEO turnover – but not voluntary turnover – are positively related to a firm's earnings management. These patterns persist in tests that consider the effects of earnings restatements, regulatory enforcement actions, and the possible endogeneity of CEO...

In this study, I summarize the current state of executive compensation, discuss measurement and incentive issues, document recent trends in executive pay in both U.S. and international firms, and analyze the evolution of executive pay over the past century. Most recent analyses of executive...

With the boom in bit-intensive and live streaming content in the broadband Internet ecosystem, the phenomenon of increasing and persisting congestion on the Internet is no longer a mere engineering possibility, but a grave and imminent reality in developed nations. To deal with this problem,...

Purpose – If a society does not identify with purchase of illegal goods, consumers will undertake more psychological burden when buying the goods. The purpose of this paper is to explore the effect of social norm of anti-piracy on social welfare. Design/methodology/approach – This paper uses...

Network neutrality constitutes today an emerging branch of economic analysis. This article explores this literature to open the discussion to new economic issues observed from the industry's practical experience that have not been yet addressed by the existing literature.

The market for the exchange of traffic among networks on the Internet has proved to be remarkably efficient and adaptable.While the issue of network neutrality has dominated policy debates in recent years, the evolution of this market has begun to provide answers to many of the questions raised...

Although the net neutrality debate dates back to 2000s, it received recently renewed attention from IT specialists, broadband operators, content service providers and not ultimately from civil rights activists and policy makers. In this context the study of the impact of net neutrality...