This paper examines the financial effectiveness of marketing communication expenditure (MCE) as an instrument to increase risk-weighted capital. We nest a cross-sectional time-series panel model within the risk-adjusted earnings principles of Ohlson (1995), and apply the model to a dataset of...

The tentative decisions under International Accounting Standards Reporting Comprehensive Income (Performance Reporting) (IAS Plus 2004c) require several items that are noncore business to be included as comprehensive income. Using data from Australian firms we replicate the IAS adjustments and...

This study examines the extended stakeholder corporate governance model in credit unions and the extent to which inherent managerial entrenchment impacts upon their operational decisions. Using Australian credit union data and the introduction of Basle-type capital adequacy regulations as a case...

This paper examines the association between accounting information and systematic (beta) risk. We extend previous research by using an updated data set, a range of risk measures that adjust for different market and time-varying conditions, and by examining whether the long-run association has...

The IASB Discussion Paper (2008), Preliminary Views on Financial Statement Presentation promises to extend the 'fair value' measurement concept into an aggregated comprehensive income statement. This article extends prior Anglo-Saxon based research by using 56,700 European firm years from...