Purpose The purpose of this paper is to explore the relevance of corporate governance in the quest to attain organizational efficiency in the working capital management of listed firms. There is a consensus that efficiency of working capital management is vital for firm’s growth and survival,...

In this paper, we use option based measures of financial performance that utilise market information in a binary probit regression to examine their informational context and properties as distress indicators and to estimate default probabilities for listed firms. We then enrich them with...

This paper investigates earnings quality of both listed and non-listed Russian firms and explores whether foreign ownership affects the quality of earnings published by non-listed Russian firms. Russia, the largest European transitional economy, is an increasingly attractive market for foreign...

This paper examines the association between bid-ask spread, a market based measure of information asymmetry and auditor reputation. Based on a sample of 42 firms over a period from 2000 to 2006, we find that information asymmetry is negatively related to the employment of Big auditor after...

This paper examines the association between earnings quality and equity liquidity of Tunisian listed firms. Analysis on the liquidity of an emerging market such as the BVMT is very appealing because it is the most important quality investors look for. Earnings quality seems to influence stocks'...

This paper specifies the relationship between CEO power and organisational characteristics and examines their involvement on the firm's performance. Moreover, this paper highlights the implication of managerial power on firm performance when CEO is involved in the appointment of new membership...

Purpose – This study aims to explore the mutual relation of corporate accidents, stock market responses, and media coverage. Design/methodology/approach – This paper empirically investigated 119 listed firms' accidents during the 2005-2012 period using the methods of event study, correlation...

Purpose – The purpose of this paper is to contribute to the capital structure literature by examining the determinants of capital structure from the context of South Africa and to provide evidence of the effects of the 2007/2008 global financial crisis on firm-level determinants of debt-equity...

Each year the United Nations Conference on Trade and Development produces a report on foreign direct investment (FDI). This report highlights trends on FDI, and identifies the world's largest transnational corporation (TNC). Prominent among the largest TNS are telecommunication companies such as...