Income smoothing is a longstanding practice under the more general category of earnings management. As the name suggests, it consists of smoothing out the fluctuations of the income series. This article examines the association between the ownership and control structure, level of corporate...

In this article we investigate the correlation between growth rates of revenues across different industries linked to the phases of the business cycle over a 40-year period. Using a large sample of quarterly firm revenues aggregated to industry revenues, we find that correlations of revenue...

This paper examines the economic effects of the adoption and implementation of performance-based budgeting (PBB) at the state government level. We examine the association between the implementation of PBB and aggregate state expenditures from the General Fund and Other State Funds, and further...

Identity theft is a rampant problem in the United States. It occurs when one's personal information is stolen for the purpose of impersonating that person, making unauthorized purchases, taking money from bank accounts, opening new lines of credit with the stolen information, or using that...

As corporate social responsibility receives increased attention by company stakeholders, researchers are also increasingly exploring corporate social responsibility, its causes and implications. However little is known about the perception of corporate social responsibility. This study explores...

The overall complexity and estimation uncertainty inherent in financial statements have increased in recent decades; however, the related reports and services have changed very little, including the format of the balance sheet and income statement, the content in the auditor's report, and the...

We examine the structure of communications in accounting research by analyzing patterns of citations among authors who have published in five major journals between 1984 and 2008. Understanding communication structures is important because they shape academic knowledge creation, which prominent...

This research paper tests the pecking order theory of capital structure on the textile firms listed on the Karachi Stock Exchange (KSE) covering a period of six years from 2004–2009. The basic pecking order model predicts that firms follow a pecking order of financing, preferring internal...

The latest financial crisis has been impressive for strength, impact, duration and reduced efficacy of the economic and financial policies adopted by the Authorities. We use an original information risk model to contribute to the analysis of the crisis and to suggest some approaches for a...

This paper identifies, and then examines, whether institutional structures can be used to explain the occurrence of accounts manipulation. Specifically, it investigates whether legal origin, level of corruption, the extent of press freedom, State's ownership of enterprises, and the State's...