In this paper, we examine IT-capable employees’ role in the production process of financial information. We posit that enhanced management of raw data during this process decreases technical errors and increases data processing speed, thus allowing financial information to be more relevant...

This paper explores how a recognition threshold approach for significant expected lifetime credit losses (ELCL) affects the joint surplus of a bank's debtholders and shareholders (bank social value). Banks play a dual role in the economy by supplying credit to the real sector and providing...

This study examines the relationship between outside directors’ equity-based compensation (DEC) and stock price crash risk using a sample of U.S. firms from 2008 to 2021. We find that DEC is associated with lower crash risk, primarily through its role in reducing over-investment, financial...