We apply a new methodology, modified Granger causality tests, to further analyze the information flows between earnings and forecasts. Our application focuses on the dynamic interaction between reported earnings and analysts' forecasts. Based on long time series of analyst earnings forecasts and...

This is an exploratory study on the characteristics and performance of firms that choose to grant executive stock options as a strategic compensation practice. According to the push theory of employee ownership, stock options are granted to push employees to create superior financial...

The present study investigates the relationship between a firm's Ramp;D intensity and the risk of its common stock, by analysing a sample of firms which are more profitable, larger in market capitalization and more Ramp;D intensive than the universe of US-listed firms. The results from the...

Using the framework of the Porter's Diamond, we examine the Committee to Develop the Accountancy Sector (CDAS) report, which outlines the vision for Singapore to be a leading accountancy hub. The application of the Porter's framework provides clarity on the connectivity of the strategic thrusts...

The purpose of audit market reforms since 2001 is to restore public confidence in the institution of auditing based on two considerations: (1) ensuring audit quality, and (2) controlling the “adverse effect of competition” in audit supply. Market reforms for audit quality are delivered...

Givoly (1985) provides formal evidence on the relation between the past history of earnings and their own forecast. Our study uses a new methodology, modified Granger causality tests, to further analyze the information flows between earnings and forecasts. Our application of this widely...

Your reputation is what people say about you when you're not there. It's your most powerful asset for business growth, career enhancement and freedom of choice in many aspects of life. Yet too many people leave it to chance. They are a well-kept secret – it's not enough to be the best, you...