Purpose – The purpose of this paper is to examine the underpricing effect in Treasury auctions. Design/methodology/approach – The paper compares two winner's curse models using a dataset on multi‐unit auctions. The dataset is from Swedish Treasury auctions, which is under a discriminatory...

Purpose – The purpose of this study is to examine whether corporate tax avoidance behavior increases firm value in Chinese context. A large number of studies conduct their designs on the consumption that tax avoidance represents wealth transfer from government to enterprises and therefore...

Tertiary institutions are increasingly providing Web‐based courses to learners both on‐campus and off‐campus, enabling more students to take these courses and get the most recent information. Students can also learn more interactively with the new types of instruction methods used online....