This study investigates whether culture in general and religion in particular mitigate earnings management. Using a …), can no longer be demonstrated after controlling for culture …

In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the … advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to … shareholder-oriented firms in a model of imperfect competition. Stakeholder firms are more (less) valuable than shareholder firms …