Executive teams in U.S. firms are becoming increasingly partisan. We establish this new fact using political affiliations from voter registration records for top executives of S&P 1500 firms between 2008 and 2020. The new fact is explained by both an increasing share of Republican executives and...

The Public Company Accounting Standards Board (PCAOB) was created by the Sarbanes–Oxley Act (SOX) in 2002 in response to the Enron and WorldCom auditing scandals. The PCAOB regulates the $20 billion annual auditing industry, which itself provides assurance for the financial integrity of $27...

The green credit policy plays a vital role in promoting enterprise upgrading. Using a thirteen year panel data of listed companies in China (2007 2019), this study uses the difference in differences (DID) method to examine the effects of the Green Credit Guidelines in 2012 (GCG2012) on the firm...

The purpose of this research study is to analyze the corporate governance mechanisms on agency costs in Sri Lankan listed firms. To analyze this effect, board size, board independence, remuneration, and managerial ownership are considered as effective governance mechanisms in this study. The...

The introduction of Integrated Reporting Framework by IIRC addressing the need of governing the disclosure of Non – Financial information in corporate annual reports significantly enhanced the accounting information’s value relevance. However, some studies concluded that

The need of having a common set of financial reporting standards instead of setting up businesses restricted to one geographical boundary has become much needed to enable the users of financial statements to make consistent decisions with the emerging trend of developing global businesses around...

In the context of the current goal of finance, an analysis of the determinants of a company’s Return on Equity (ROE) is useful to many stakeholders of a company. DuPont model is one of the most efficient models in studying the drivers of a companies’ ROE. Literature review on the DuPont...

The capital structure determinants include observable and unobservable components. Under the unobservable component, CEO characteristics are vital since CEOs are the topmost level managers who have significant influential decision-making power towards the firm capital structure. Therefore, this...

The slack resource theory establishes the proposition that financial performance (FP) generates sustainability performance (SP) through slack resources, claiming that better FP results in slack resources enabling firms to undertake sustainability activities on the economic, environmental, and...

We study the driving forces behind the observed positive association between corporate investment and stock market valuation, and how it interacts with managerial equity incentives and informativeness of investment. We build a dynamic model where managers use investment choices to influence...