We exploit a unique setting of accounting regulation change to examine how accounting information quality affects the well-documented accrual anomaly. We show a significant reduction in the negative return predictability of accruals among UK companies with poorer accounting information quality...

Using a sample of UK firms, we find that institutional block-holding is negatively associated with directors' ownership and is positively associated with board composition, suggesting that institutional block-holders regard directors' ownership and board composition as substitute and...

This chapter examines the relation between corporate governance mechanisms and operating performance and liquidity risk within the specific environment of West African Economic and Monetary Union (WAEMU) banks. The implementation of well-known western corporate governance mechanisms in emerging...

[eng] Is the fair value a true measurement of firm's value ? . This article analyses the utility of a fair value measurement of firm's income and value. The answer of the question « Is fair value relevant ? » concerns three subjects : Do fair value accounting standards explain a best...

[eng] This article looks at the usefulness of measuring a company's wealth and net income using the fair value method. In this regard, the key question - is fair value relevant ? - can be analysed as follows : do fair value « accounting numbers » provide a better estimate of the value of a...