Following a long-standing philosophical tradition, impartiality is a distinctive and determining feature of moral judgements, especially in matters of distributive justice. This broad ethical tradition was revived in welfare economics by Vickrey, and aboce all, Harsanyi, under the form of the...

The main focus of this paper is on the international transfer pricing issues encountered by multinational enterprises (MNE) and the countries they do business in. This paper explores how the conflicting interests of MNEs and the countries they do business in affects each party's bottom line, tax...

Enron Board's Finance Sub-Committee's approval of the first bankrupting Raptor transaction, Talon, is examined in as much detail as published documents allow. In so doing, this article examines a failure of corporate social responsibility. As not only members of the public were harmed, but also...

We examine the effect of competition shocks induced by major industry-level tariff cuts on forced CEO turnover. Both the likelihood of forced CEO turnover and its sensitivity to performance increase, particularly for firms with low productivity and high default risk. While CEO's incentive pay...

Full paper is available at: "https://ssrn.com/abstract=2427106" https://ssrn.com/abstract=2427106“What Counts and What Gets Counted” (Bloomfield 2016) is an innovative way of teaching managerial accounting. The 1st edition of the book won the 2014 Jim Bulloch Award for Innovations in...

An effective system of rules, practices and processes by which Islamic Financial Institutions (IFIs) are directed and controlled to ensure their business operations are Shariah-compliant has important implications on their reputation and their future growth. The Shariah Committee is a mandated...

In the history of global economic growth and development, the year 2008 had set the pace of recession and almost all countries of the world and enterprises were struggling to come out of the grips of recession. The question of their survival rested on meeting a variety of challenges; grab the...

The relationship between exorbitant chief executive officer (CEO) compensation and weak performance has been widely criticised as an abuse of managerial power and the intrusion of agency problems. This study examines whether the agency problem of free cash flow (FCF), identified by Jensen...

Governments, investors, and consumers have stepped up pressure on publicly listed companies to face up to climate risks and to reduce carbon emissions. At the same time, the pressure to deliver financial results remains strong. Based on research on 19 European carbon-intensive corporations in...

Cost-volume-profit (CVP) analysis is based on a linear model of earnings behavior. However, recent research documents two potential sources of asymmetry in earnings: cost stickiness and conditional conservatism. We examine the implications of these asymmetries for CVP analysis and develop an...