Despite the purported benefits of blockchain technology for business applications, it is unclear how blockchain adoption affects firm performance, and large-scale empirical evidence on this relationship remains scarce. Drawing on the dynamic capabilities perspective, we examine the relationship...

We propose a novel discretionary accruals (DA) measure in the unexplored dimension of non-current accruals. We show that our measure (DA-NC) can improve the forecasting performance of fraud prediction models that rely on conventional current accruals-based DA measures. Analysing accounting...

This paper investigates the effects of corruption on equity price volatility using a sample of over 10,000 firm-level observations from 35 countries for 2003--2014. Utilizing approximately 16,000 responses from the World Bank Enterprise Survey, we construct experience-based annual corruption...

We examine aggregate inflows, outflows, and the reallocation of deposits in the banking system: before, during, and after the COVID-19 pandemic. We find that inflows of total and core deposits increased, while those of large time-deposits decreased during the pandemic. Outflows of large...