We examine the economic consequences of the mandatory adoption of IFRS in EU countries by showing which types of economies have the largest reduction in investment-cash flow sensitivity post-IFRS. We also examine whether the reduction in investment-cash flow sensitivity depends on firm size as...

Financial Reporting Standard No3 (FRS 3): Reporting Financial Performance, which came into force in 1993, increased UK firms' discretion in classifying exceptional items. We examine how this increased discretion affected their use of classificatory smoothing and inter-temporal smoothing through...

Purpose – The paper aims to reveal a surprising global drama now unfolding across the world: unpredicted demographic trends portend unexpected social transformations. Design/methodology/approach – Using recent research, the paper considers the startling implications of some current...

Purpose – The purpose of this paper is to reveal a surprising global drama now unfolding across the world: unpredicted demographic trends portend unexpected social transformations. Design/methodology/approach – Using recent research, the paper considers the startling implications of some...