This study investigates whether managerial ownership related agency costs are associated with the demand for audit quality in a sample of small private firms. The literature on audit quality suggests that firms with high agency costs are more likely to demand audit quality. Our database enables...

The aim of this study is to investigate whether reporting based on conditional conservatism differs in high versus low tax alignment countries in a sample of medium and large-sized private firms from 13 European countries. The results suggest that reporting conservatism is more likely to occur...

Using data from Finnish private firms, we examine the association between corporate governance and tax aggression in a high tax alignment environment. We find evidence of a non-linear relationship between CEO ownership and tax aggressiveness. Our results indicate that organisations with low...

In this paper, we explore whether the adaptive markets hypothesis (AMH) describes the efficiency of the Finnish stock market better than the efficient markets hypothesis (EMH) does. Building on this, we also test how small market size and market liberalisation impact the efficiency of the...

The aim of this study is to investigate the effect that firm level working capital strategy on accounts receivable had on working capital related financial difficulties during the Covid-19 pandemic in a sample of Finnish SMEs. We are able to identify the firms with Covid -19 induced financial...

This study examines the role of auditors and monitoring banks in the tax aggressiveness of private firms. We use a unique data set of private SMEs in Finland where book-tax alignment is high and the auditing of private firms (exceeding a low threshold) is mandatory. We add to the existing...