The purpose of this research is to deal with the human capital disclosure issue of present accounting systems. Many companies nowadays derive their competitive advantages mainly from human capital. However, under generally accepted accounting principles, all human‐related expenditures are...

The barrier options theory of corporate security valuation is applied to the contingent claims of a regulated bank. The regulator/insurer of the bank owns a down-and-in call option on the bank¡¯s assets which can be balanced against the expected coverage cost. This paper examines how the...

The barrier options theory of corporate security valuation is applied to the contingent claims of a distressed bank under a bailout program of distressed loan purchases. In particular, the bank acts as if it has a single utility function that positively weights equity returns like, but...

Discussion about corporate governance (CG) mostly centers on corporate performance or the function of the board of directors. In this study, we incorporate external monitoring mechanisms into the analysis of CG to establish a comprehensive set of CG mechanisms. We then combine these mechanisms...