The recent financial crisis highlights the tradeoff between ‘reliable’ and ‘relevant’ accounting and has sparked off an incessant debate. The pursuit of measuring ‘reliability’ vis-à-vis ‘relevance’ persistently comes under the focus of this study. This paper examines the...

Audit committees act as an important link in corporate governance mechanisms. As such, SOX Act, 2002, Blue Ribbon Committee’s report and Narayana Murthy Committee’s report have placed greater emphasis on their role in order to strengthen the functioning of these committees. The rationale...

In the present paper, an attempt has been made to measure the shareholders’ wealth in terms of Economic Value Added (EVA) for different sectors of Indian manufacturing industry. The top five wealth creator and wealth destroyer sample units have been identified on the basis of five-year average...

Environmental issues have been incorporated in management curriculum in different forms. However, environmental accounting, as a subject, is not yet present in the MBA curriculum of any business school in India. Due to the increased concern for global warming and other environmental issues,...

This paper attempts to shed some light on the factors—behavioral, economic and others—that influence a client’s selection of an external auditor in Malta. A comparison is also made between the clients’ perceptions and the views expressed by auditors themselves. This study shows that...

This paper investigates the two-way association between economic performance and quality of discretionary disclosure of sustainable environmental practices. The study focuses on seven Asian countries, namely, India, Japan, China, South Korea, Malaysia, Indonesia and Israel. The result of primary...

This empirical study of five pharmaceutical companies in India demonstrates the significance of inferential statistics in analyzing and solving complex business problems. The accounting technique of ratio analysis has been used in conjunction with the techniques of inferential statistics to draw...

Textbooks on corporate finance and budgeting and forecasting recommend ‘closing’ the financial statements using what is known as a plug. A plug is a formula to match the Balance Sheet (BS) using differences in some items listed in it in such a way that the accounting equation holds. This is...

This paper presents an econometric analysis of the relationship between different indicators of performance of Italian clothing firms. The focus is on the empirical analysis of the process of value creation of Italian clothing firms for three categories of stakeholders: shareholders, workers,...

The study documents high information content and Post-Earning Announcement Drift (PEAD) phenomenon of the turnaround companies in India. Turnaround companies are defined as those which after reporting accounting loss consecutively for two or more quarters announce profit for the first time. By...