The tale of Hospital Corporation of America (HCA) is a cautionary lesson concerning the exploits of private equity entities, who aided-and-abetted by insiders, reduced a healthy and vibrant corporation (HCA) into a crippled debt-laden basket-case. Perhaps, the best analogy is one of a vampire,...

It has been several decades since I served as an Enforcement Director at the SEC, however, the recent turmoil in the financial markets that led to a worldwide recession bear an uncanny resemblance to events in times long gone. The unchecked excesses of bankers and corporate executives today are...

This research aims to examine the influence of order effects and response mode [a step by step (SbS) and an end of sequence (EoS)] or belief adjustment model on investment decisions making. The contribution of this research to the accounting literature is the existence of Belief Adjustment model...

This study investigates the effect of modified audit opinions on the emerging Tunisian Stock Market. The empirical association between qualified audit opinion and stock market reaction has been studied extensively in the accounting literature and reported mixed results. By using the cumulative...

This paper investigates how stock option turned from an incentive for good management to a tool of management fraud. The objective of this paper is accomplished through studying the stock option phenomenon in the Arab Republic of Egypt (ARE). Stock option grants data are obtained from all firms...

This paper investigates voluntary disclosure of information by listed companies in Fiji. The paper aims to extend the literature on voluntary disclosure of information in a developing country context. The empirical data was gathered from the years 1999 onwards to give a longitudinal account of...

This paper aims to evaluate the potency of bank financial condition descriptors in Nigeria, developed in a previous paper [Njoku and Inanga, (2010), Part 1]. The earlier study had determined that market power, deposit mobilisation, capital confidence and market presence shaped the discriminant...

The European debt crisis has been a growing concern for many countries since 2010. European leaders and institutions have formulated unprecedented packages of emergency funding to deteriorate the rising financial market tensions that stemmed from the fiscal solvency of Greece and other Eurozone...

As the US and global economies begin to recover from one of the worst financial crises in history, the opportunity to analyse the causes of the most recent crisis have emerged. One argument has brought an accounting standard into the spotlight. The accounting standard that was being blamed for...

The main objective of this study is to develop and present the evolution of international financial reporting standards from the angle of accounting researches. In order to achieve such objective, we have considered the presentation of examples of the changes recorded in the evolution of...