Regulators, standard setters and market participants consider related-party transactions a major issue in financial markets because they can be used to expropriate minority shareholders. External auditing is considered an important governance mechanism that can control the propensity of insiders...

Integrating financial accounting and management accounting is already a well-established practice in large businesses, which in France took up this type of approach in the mid-1980s. In small and medium-sized companies, however, separation is generally the rule. Priority is given to financial...

This study examines how Dr Markus Braun, CEO of Wirecard, constructed legitimation when faced with allegations from financial news reporters. It contributes to research into the legitimation strategies deployed by CEOs to construct a certain truth, justify corporate values and reassure...

During the COVID-19 pandemic, the French government notably introduced a guaranteed loan program. Firms that benefited from state guarantee schemes (SGS) should, ceteris paribus, be relatively riskier than those that did not apply for SGS, and thus default risk should be higher for the...