Prior research suggests that suppliers are able to fund opaque and credit-rationed customers because they rely heavily on insider communication channels to resolve information asymmetry. In this paper we examine the association between financial reporting quality and trade credit financing for a...

This paper examines the communication strategies employed by small cap firms listed on the Alternative Investment Market (AIM) of the London Stock Exchange. These small cap firms have great discretion in choosing their communication channels with investors and evolve in an environment with few...

We test to see whether a higher degree of conservatism is associated with greater investment efficiency (reducing over- and under-investment) for a sample of French firms before and after the mandatory adoption of IFRS in 2005. While a theoretical link between conservatism and investment...

We investigate the value relevance of earnings on the Bucharest Stock Exchange. We find that the association between accounting earnings and stock returns is comparable to the levels reported by studies conducted on more mature markets, and that it is higher for securities issued by small...

We study the effect of the mandatory adoption of IFRS in Europe in 2005 on conditional conservatism. To capture conditional conservatism, we use three measures: the Basu (1997) measure, the Khan and Watts (2009) measure, and a measure controlling for potential shifts in unconditional...

We examine the impact of the 2008–2009 financial crisis on the earnings management behavior of European-listed firms. We find that earnings management has significantly decreased in the crisis years. This trend is confirmed in most of the 16 countries under review. We also report a link...