Purpose: The purpose of this paper is to investigate the roles of chief accounting officer (CAO) on the efficiency of auditing process and to empirically examine the association between separate CAO appointment and audit report lag (ARL). Design/methodology/approach: This study employs firms...

Purpose: The purpose of this paper is to investigate the impact of the public pension governance practices on the public defined benefit pension (DBP) fund performance. Design/methodology/approach: To provide a holistic evaluation of public DBP performance, this study first employs the Data...

This article explores the hybrid character (i.e. the resemblance of both stock and bond) of Real Estate Investment Trust (REIT) through the implied pricing kernel behind REITs prices. We use the Empirical Pricing kernel method (Rosenberg and Engle, 2002) to explore their Payoff probability...