This study investigates incentives of audit firms to lobby on proposed disclosure requirements. The results are consistent with the proposition that higher expected costs of non-compliance with statutory disclosure requirements compared to professional standards provide less incentives for audit...

This paper examines the economic incentives for unregulated companies, in late nineteenth-century Britain, to disclose in their published accounts the fact that they had charged depreciation. We argue that the disclosure will be positively associated with whether a company has outside...

In recent years, government revenues in many EU countries experienced significant and erratic changes, which, a priori, could not be fully explained by macroeconomic developments or by discretionary fiscal policy measures. We investigate this issue by estimating “unexplained” changes in tax...

In this paper we revisit one of the “missing links” between budget balances and the economic cycle, namely the impact of asset prices on fiscal revenues. We estimate revenue elasticities with respect to equity and real estate price indices for 16 OECD countries, as well as for a synthetic...

Fiscal rules are instrumental for restraining deficit and spending biases in euro area Member States that could threaten the smooth functioning of Economic and Monetary Union (EMU). Ideally, fiscal rules should combine characteristics such as sufficient flexibility to allow for appropriate...

Multiple imputation is increasingly regarded as the standard method to account for partially observed data, but most methods have been based on cross-sectional imputation algorithms. Recently, a new multiple-imputation method, the two fold fully conditional specification (FCS) method, was...

This article discusses the employment of Kiribati seafarers on German owned and flagged shipping. The authors examine the origins of the German shipping industry sponsored training and recruitment programmes on the Kiribati atolls. The implications of the creation of a manorial ‘internal’...

This paper attempts to analyse the origins of the 1998 lockout and strike in Australian stevedoring which brought to an end a period of industrial peace and relative labour stability on the island continent's docks. The causes of the dispute along with the denouement are examined. The author...