Purpose – The purpose of this paper is to examine the contention that a strengthening of corporate governance mechanisms would result in the improved relevance and reliability of financial statements. Design/methodology/approach – Using pooled ordinary least squares regression, the paper...

This paper deals with the validity of the solar investment decision criteria employed in various studies. We begin by examining the life-cycle cost criterion (or positive net present value criterion) commonly used by solar analysts, and subsequently show that, given the theoretical hypotheses of...

This paper investigates whether compensation committees actively intervene to adjust accounting performance-based incentive schemes for the real, or perceived, reduced earnings credibility signalled by the purchase of non-audit services. Using a nonlinear, two-stage least-squares method that...