Extant research on Mergers and Acquisitions (M&A) provides evidence that acquirers under perform subsequent to the takeover completion. Such evidence is more unequivocal for acquirers that finance the acquisition by issuing equity relative to those that use cash. Current literature recognizes...

Purpose – The purpose of this paper is to evaluate the impact of corporate governance reforms in Italy. Design/methodology/approach – The authors argue that the effectiveness of corporate governance can best be assessed with reference to the choices made by management or controlling...

Purpose – This paper aims to study the impact of a significant negative shock (the reporting of an initial loss) on the stickiness of corporate governance. This paper examines whether corporate governance changes in response to the reporting of an initial loss and also whether ex ante...

Purpose: This paper aims to provide evidence that will inform the convergence debate regarding accounting standards. The authors assess the ability of impairment reversals allowed under International Accounting Standard 36 but disallowed by the Financial Accounting Standards Board to provide...