While extant literature recognizes the central role of collective action in market formation, it undertheorizes the existence of collective action dilemmas and their impact on successful market emergence. We redress this gap by examining the central mechanisms governing the existence and...

In this paper we examine the governance of a Chinese state-owned enterprise (SOE) and try to highlight accounting environment in the People's Republic of China (PRC). We look at the operational aspect of the Qingtongxia Aluminum Smelter Corporation, and try to shed light on the role of...

Purpose – The objective of this research is to examine the effect of a broad-based option program on voluntary employee turnover. Design/methodology/approach – The paper examines the effect of a broad-based stock option program in a Fortune 100 company during the 1990s and uses logistical...

Previous research shows that the stock market positively values firms whose motivation is to clearly enhance productivity through streamlining their assets as part of a restructuring campaign. In this study, we examine 47 firms that voluntarily disclosed asset write-down information in either...

Previous research shows that the stock market positively values firms whose motivation is to clearly enhance productivity through streamlining their assets as part of a restructuring campaign. In this study, we examine 47 firms that voluntarily disclosed asset write-down information in either...

Purpose – The purpose of this paper is to examine the effect of the Enron scandal, Arthur Andersen's demise and the Sarbanes-Oxley Act on audit fees. Design/methodology/approach – The paper uses empirical methodology (univariate and multivariate). Findings – Audit fees and the Big-4...

This paper provides further evidence on the link between the firm's performance and the distribution of the common shares between insiders, blockholders and institutions. We endogenize the functional form of the market value--common equity structure relationship by using a switching regression...