This study investigates the effectiveness of changes in the regulatory environment on the quality of compliance to mandatory disclosure requirements in Bangladesh. Statistical analysis of the Mandatory Disclosure Index, as developed in this paper using annual reports of the exchange-listed firms...

The European Union's response to recent financial reporting scandals on both sides of the Atlantic reached a crucial stage recently when the European Parliament voted to accept the new 8th Company Law Directive. It takes the minimum harmonisation route to set the basic standards that Member...

We examine the issue of auditor independence in a unique setting. Specifically, we test for auditor independence impairment among (1) private client firms, for which the risk of auditor reputation loss is lower than for publicly traded firms, and (2) in a low litigation environment (i.e.,...

In this monograph we address several interrelated themes influencing the corporate governance debate in today's financial marketplace. These include board independence and effectiveness; the role and the independence of the auditor; shareholder rights and activism; and convergence to a global...

This study examines whether auditor opinions are affected by political and economic influences from governments. We use auditor locality (local versus non-local) to capture such influences from local governments in China. Based on data from China's stock markets for the period 1996-2002, we find...

We examine the issue of auditor independence in a unique setting. Specifically, we test for auditor independence impairment among (1) private client firms, for which the risk of auditor reputation loss is lower than for publicly traded firms, and (2) in a low litigation environment (i.e.,...

It is instrumental for regulators and policy makers to know the impact of individual sanctions on improving audit quality of the entire firm because many countries in the world enforce disciplinary actions against individual auditors. This paper examines the improvement on audit quality of the...

In 2003, the Financial Supervisory Authority of Norway (FSA) disclosed that audit firms had violated the legal restrictions for providing non-audit services (NAS). In response, the FSA tightened the NAS regulations. This study examines how regulatory oversight affects the relation between the...

Propensity score (PS) matching is becoming an increasingly popular method of estimating treatment effects. However, a major limitation relative to two-step Heckman procedures is that it does not control for potential unobserved selection bias. This paper employs a new method - Rosenbaum bounds -...

This research paper investigates the utilization of the Internet for communicating financial information by the listed companies of Bangladesh, a developing country. The sample for the study consists of 268 companies listed on the stock exchanges (the Dhaka Stock Exchange and the Chittagong...