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This paper investigates how political and legal institutions affect the governance role of auditors for a sample of firms originating in 42 countries. Prior studies focus on investor protection, but I focus on political rights as well. Specifically, I investigate how institutions and audit...
Persistent link: https://www.econbiz.de/10013092384
The case documents corporate governance practices at Infosys Technologies Ltd., a well known international software development company based in Bangalore, India. Students gain familiarity of corporate governance terminology, practices and codes followed in India and the US and as well as the...
Persistent link: https://www.econbiz.de/10013070775
China’s STAR market (Shanghai Stock Exchange Science and Technology Innovation Board) is its newest stock market, which was officially launched in June 2019, and whose index was released in July 2020. It has attracted extensive attention from market players, but almost no coverage from...
Persistent link: https://www.econbiz.de/10013224480
The study aimed to investigate the role of non-financial measures in predicting corporate financial distress in the Indian industrial sector. The proportion of independent directors on the board and the proportion of the promoters’ share in the ownership structure of the business were the...
Persistent link: https://www.econbiz.de/10014265416
During both the 2008 and the COVID crises, aggregate employment in Europe and the US fell despite continuing growth in the aggregate capital stock. Using more than one million firm-year observations of small and medium European firms between 2003 and 2018, this paper introduces new stylized...
Persistent link: https://www.econbiz.de/10012308878
theory of the market economy, SBTC assumes that wages are determined through the forces of supply and demand in the labor … but rather by the employment relations that prevail within leading business enterprises. The reason: Productivity in high … that the productivity and earnings of high-tech workers depend on collective and cumulative careers …
Persistent link: https://www.econbiz.de/10014134096
This paper aims to test the accuracy of three well-known equity valuation models for the period 1990 to 2006. This was done to a sample of German listed firms which diverge from the US market in accounting standards, market maturity and corporate governance culture (bank-based in contrast to the...
Persistent link: https://www.econbiz.de/10013073371
Earlier research has shown that it is very hard to outperform the random walk model with respect to forecasting exchange rates. In this paper we propose an extension to the regular regime-switching model in order to capture the exchange rate dynamics. The model is extended by including...
Persistent link: https://www.econbiz.de/10013155611
This paper extends the work of prior search in studying the incremental information captured by the DuPont components, changes in asset turnover (∆ATO) and changes in operating profit margin (∆PM), in forecasting the changes in return on net operating assets (∆RNOA) one year ahead. This...
Persistent link: https://www.econbiz.de/10013229992
Persistent link: https://www.econbiz.de/10001617180