Internal audit is fundamental in maintaining transparency in the dissemination of information about a company’s financial position and performance. In this respect, the quality of internal audit is essential for effective corporate governance. We construct a composite measure of the quality of...

This paper reviews social finance. Venture philanthropy, microfinance, crowdfunding and social impact bonds are financial and social innovations that reshape capital markets, the production of public goods, entrepreneurship and the fundamental principles of financial analysis. In this context,...

The consumption tax is imposed on the consumer, but it also affects the wealth of the producer because of the tax incidence effect: depending on supply and demand elasticity, the consumption tax reduces the market clearing price. Therefore it affects cash flows from corporate investment and...

This study explores collaborative research that is published in four accounting journals: the Accounting Review, the Journal of Accounting Research, the Journal of Accounting and Economics and Accounting, Organizations and Society. We employ social network analysis in order to discover the...

This paper extends the framework of analytical approximations to the valuation of American options by suggesting alternative forms for the value function of the American option. We model the value function of the early exercise premium as a product of two functions, one of which being a function...

We explore social networks of scientific collaboration in banking research. Collaboration is measured with co-authorship partnerships between individual scientists, institutions and countries. We employ a sample of published research in banking journals over the last 25 years and discuss the...

We explore the significance of employee compensation and alternative (reservation) income on investment timing, endogenous default, yield spreads and capital structure. In a real-options setting, a manager's incentive to under(over)invest in a project is associated to labor income he has to...

The purpose of this paper is to estimate simultaneously dynamic demand functions and, consequently, income and price elasticities for domestic and imported alcoholic beverages for the province of Ontario. The methodology used is the almost ideal demand system, originally developed by Deaton and...

This study investigates the cross sectional determinants of online disclosure practices of companies listed in the Cyprus Stock Exchange (CSE). Regression analysis is employed to explore the potential dependence of online corporate disclosure practices on size, profitability, leverage and the...