In this study, we examine the association between interim financing and firm performance in an emerging economy. Prior research shows that firms utilize trade credit to boost their operating performance or market valuation. However, recent research on the relation between trade credit as...

This paper examines the relationship between firm performance and cost of debt. More specifically this paper empirically shows that fund providers charge lower cost on debt for highly performing companies compared to lower performing companies. We argue that the profitable companies are more...

This paper examines the effects of industry specialization (city-level, national-level, and joint-level) on audit pricing in Australia. Prior studies (e.g., Ferguson et al. 2003) have found that only joint specialist auditors (city- and national-level) enjoy audit fee premiums. However, the...

The main objective of this study is to investigate the impact of complexity resulting from fair value adoption on audit fees. Using a sample of 9619 firm-year observations from USA, this study finds that auditors charge higher audit fees for firms exposed to higher level of complexity due to...

The main objective of this paper is to investigate the quantitative impact of International Financial Reporting Standards (IFRS) on accounting components. IFRS 1 requires IFRS adopter firms to prepare comparative information under IFRS and under local GAAP, which is termed as IFRS-Local GAAP...

The main objective of International Financial Reporting Standards (IFRS) is to promote a single set of accounting standards which can be applied globally. IFRS 1 requires IFRS adopter firms' to prepare at least one year of comparative information under IFRS and under local GAAP, which is termed...