This paper studies the effects of voluntary accounting information disclosure through auditing on firm access to finance, exposure to corruption, and sales growth. Relying on a data set of more than 70,000 firms in 121 countries, the analysis finds that disclosure can be a double-edged sword. On...

Purpose - The purpose of this study is to extend the classical noncentral F-distribution under normal settings to noncentral closed skew F-distribution for dealing with independent samples from multivariate skew normal (SN) distributions. Design/methodology/approach - Based on generalized...

The study described in this Note compared the pre- and post-privatization performance of 61 companies in 18 countries and 32 industries. These companies were sold to the public through a share issue and thus their comparable pre- and post-issue financial and accounting data could be obtained...