IAS-24 of the International Financial Reporting Standards focuses on the concept and disclosures of related party transactions (RPTs) for a reporting entity. This study examines the interrelationship between RPTs (as disclosed under IAS-24), agency theory, ownership structures and firm...

The international emergence and expansion of Islamic finance is an undeniable fact. Significant efforts from all stakeholders including regulatory bodies are currently under way to formulate universal framework, standards and codes of conduct for Islamic finance. This is necessary because of the...

The purpose of this study is to explore those contributory factors that affect the sustainability of SME banks in selected developing economies across Asia (Pakistan, India, Sri-Lanka, Nepal, Malaysia, Bangladesh and Thailand). This study used a sample data of SME banks working in these...

This study examines earnings management through deferred taxes calculated under the IAS 12 and its impact on firm valuation. The literature finds that book-tax nonconformity leads to better earning quality and a greater association between earnings and future expected cash flows. Given that...

On 16 January 2015, Zohaib Akhtar, the company secretary and PA to the CEO of Ji Trading Company was analysing what went wrong during the day. Ji Trading Company imported heavy machinery from China for its clients in Pakistan. This year the company tried to attract more investment from their...

The purpose of this research is to determine the impact of “Capital investment anomaly” and “Accrual anomaly” on stock returns after controlling the size and book-to-market effects. This study aims to fill a gap regarding the implications of capital investment anomaly and accrual anomaly...

During last few decades, conventional financial systems are being transformed to Islamic financial systems in many countries around the globe. One of the major components of Islamic financial system is Islamic Banking. As most of the economies were not ready for this change, Islamic banks and...

Around the globe, a number of researches are conducted to measure the X-efficiency of banking sector. The obvious reason is that economic growth, macroeconomic stability and expansion of monetary policy are directly dependent on banking sector performance and efficiency in any country (Berger &...

Purpose: Inquiring the role of Islamic and conventional banks regarding the core responsibility of lending is an established phenomenon. This chapter is based on key findings regarding dynamic changes in the structural mix of credit portfolios in Islamic banks and conventional banks of...