In this paper, we highlight the strategic role of the board of directors (BOD) in business excellence and its link with firm value. We empirically investigate the relationship between the composition of the BOD and the winning of a Malcolm Baldrige National Quality Award (MBNQA) or a local award...

Purpose: To show that when volume of trades is taken into consideration, Bitcoin does not seem as volatile as it claimed. Further, to study the relationship between Bitcoin trading volume, volatility and returns, and the asymmetry in response to economic information for the period from July...

Purpose: This study aims to investigate the factors associated with the implementation of risk-based internal audit (RBIA). Design/methodology/approach: As a first step, a literature review of the relevant literature is performed and five potential factors related to the implementation of RBIA...

Related party transactions (RPTs) are considered a potential tool for shareholders' wealth expropriation, as they offer opportunities to transfer wealth between the firm and related parties. While considerable evidence has been reported on the negative consequences of RPTs (declines in...

Individual investors’ psychology and its impact on the investment decision making is gaining increasing attention in behavioral finance literature. Moreover, there is a growing concern toward determining neural basis that affects investment decisions and linking them with the emotional and the...

We develop a framework for combining strategic benchmarking with efficiency benchmarking of the services offered by bank branches. In particular, a cascade of efficiency benchmarking models is developed guided by the service-profit chain. Three models---based on the nonparametric technique of...