This study employs correlation coefficients and the factor-augmented vector autoregressive (FAVAR) model to investigate the relationship between the stock market and investors’ sentiment measured by big data. The investors’ sentiment index is constructed from a pool of relative keyword...

Jensel and Meckling (1992, 1995)suggest that decentralisation of a firm is determined byknowledge transter costs and control costs. Knowledge transfer costs are higher whendecisions must be made on the basis of idiosyncratic knowledge scientific knowledge orassembled knowledge. Control costs are...

This study examines whether profit-sharing arrangements within accounting firms are associated with the riskiness of their client portfolios. Our results use unique data about the profit-sharing arrangements of the Big 8 firms during the period 1985 to 1994. We investigate whether there is a...

In a global economy with intense competition, companies face tremendous pressure to become more innovation-driven. With the development of information technologies, many companies are seeking to incorporate novel IT-based approaches in their business practices, such as evaluating emerging...