Purpose: This paper aims to explore the effect of interlocking directorates on agency conflicts and corporate performance in the shipping industry. Design/methodology/approach: The authors use social network analysis to discover central nodes in the network of personal and corporate connections...

Purpose: This paper aims to explore internal audit effectiveness through its contribution to corporate governance. Namely, the authors attempt to investigate the impact of internal audit professionalization on internal audit’s contribution to corporate governance. Design/methodology/approach:...

Intellectual capital emerged approximately twenty years ago as an alternative paradigm with the ambition to identify, measure, report and manage knowledge assets. While the need for regulatory frameworks to account for knowledge assets and intangible drivers of value was pressing in the setting...

Truth is important in finance. Asset valuation, being a constitutive component of investment theory and the allocation of resources in the industry of financial services, is based on models that calculate true asset values as distinct from observed market prices. In financial economics, truth is...

The valuation of put options with early-exercise opportunities constitutes a major challenge of asset pricing. The option-theoretic response to this challenge relies on the estimation of the optimal exercise boundary. This paper introduces a novel quadratic approximation for the valuation of...