This paper addresses an ethical question: when there is little to lose, do corporate managers misrepresent the facts? The situation that we examine where truth-telling has minimal consequences is a firm's reason for eliminating employees. The consequence for misrepresenting the true reason is...

Two elements of corporate governance — the strength of ethical executive leadership and the internal audit function (IAF hereafter) — provide guidance to accounting managers making decisions involving uncertainty. We examine the joint effect of these two factors, manipulated at two levels...

This paper highlights the problems in valuation that are inherent in the use of the pre-tax cost of capital and in other tax adjustments to the discount rate. The source of problems in relation to the pre-tax discount rate is clarified and examples are given to highlight the nature of the...

Within the growing literature on goodwill impairment testing under the IFRS framework, the topic of discount rate selection choice by reporting entities has been particularly controversial. Some previous researchers, notably Carlin & Finch (2009) have argued that there is credible evidence to...

Lonergan (2009) and Jindra and Voetmann (201'7 analyse comparative results from discounting post-tax cash flows at a post-tax discount rate versus discounting pre-tax cash flows at a pre-tax discount rate. While their results are correct within the context of their analysed examples, these...

Lonergan (2009) expounded that a proper valuation of equity or business cash flows should use post-tax cash flows discounted at a suitable post-tax discount rate. The use of pre-tax cash flows discounted at a pre-tax discount rate is not only fraught with difficulty, it is in some instances...

This paper adds to the literatures on socially responsible investment (SRI), investment management, regulation of financial services and social accounting by providing a comprehensive survey of investment methods used in SRI products and regulated social reporting in financial services....

Purpose – The purpose of this paper is to provide a descriptive analysis of Balanced Scorecard (BSC) usage among companies on the Thai stock exchange; and to assess the performance effects of this BSC use.Design/methodology/approach – Sample organisations were surveyed through a questionnaire...

Purpose – The purpose of this paper is to review and synthesise current knowledge on the importance of intellectual capital (IC) information to the capital market.Design/methodology/approach – The paper is by way of literature review. It reviews the empirical research literature from...

Purpose – The purpose of this paper is to examine the association between earnings management and the gender of the firm's executives.Design/methodology/approach – Panel regressions of discretionary accruals on a set of female executive dummies and firm-specific controls.Findings – The...