The paper examines the role of reputation to explain the relative market value compared to the accounting value for a multinational firm. The results are consistent with internalization theory in that greater multinationality corresponds to a higher valuation of the firm if corporate reputation...

This study examines the properties of organizational slack for U.S. firms for the 1985-95 period in a dual sector economy. The economy can be divided into a monopoly/core sector and a competitive/periphery sector. The results show that the three measures of slack used: administrative slack,...

This paper posits that the phenomenon of earnings opacity is not only the result of legal, religious, political, social, economic and accounting antecedents but also creates consequences for the quality of government, corporate valuation, economic growth and productivity of nations. The...