In this paper, we perform an empirical analysis on the variance of accounting profitability among manufacturing firms in the Belgian economy from 1992 to 2001. Our purpose is to understand the relative importance of industry, business unit and time on the profitability of Belgian companies...

The aim of this paper is to clarify the apparent confusion in the literature about the impact of a revenue sharing arrangement on the competitive balance in a sports league. A crucial factor in the discussion seems to be the impact of the ‘absolute’ quality of the teams on the clubs’...

We reintroduced the idea of an n-fold compound option as a generalization of Geske’s (2- fold) compound option in the same framework of constant interest rates. For the valuation of long-term financial agreements (life insurance products) this assumption is not always realistic. So that the...

This paper examines audit quality in private firms across different European countries. Prior research (e.g. Becker et al., 1998; Francis et al., 1999) has shown that audit quality provides a constraint on earnings management for public firms. We investigate whether audit quality differentiation...

The use of computers as writing instruments has not only had a profound effect on the writing practice and the attitudes towards writing, it has also created new possibilities for writing research. In the field of cognitive writing research especially, keystroke logging programs have become very...

The paper examines how and to which extent a levy on mobility influences freight and passenger transport as well as the economy. The interaction between transport and the economy, and the way of spending the revenues of the levy are taken into account. On the basis of the research results,...

effective tax rate (ETR) and face a less positive association between pre-tax income and ETRs than independent firms. These findings suggest that individual group members apply efficient tax planning techniques in order to minimize taxes at the group level. We hypothesize that group firms...

This article investigates the consequences on economic performance of the interplay among several political and economic institutions. Our aim is to link the partisan approach with the macroeconomic theory of trade unions. First, by using a simple setup, we are interesting in the comparative...