This study analyses cost stickiness under the dilemma between current profitability and future sales increase. When activity decreases firms are faced to keep profitability adjusting resources, while they should also consider long term consequences and keep slack resources which allow building...

The annual general meeting (AGM) constitutes, at least in theory, one of the main instruments to ensure good corporate governance. It also involves the release of corporate information to the financial market. We have examined the effects of the AGM on the volatility of stock returns and on the...

This study develops an empirical analysis of the relevance of accounting information when biological assets are measured at fair value. We use an international sample of firms with biological assets. We find that biological assets influence unpredictability when they are measured at historical...