Previous literature finds that situations that put managers under significant levels of pressure (e.g. IPO, upcoming credit rating changes, violation of debt covenant, etc.) might affect the way earnings are manipulated. The aim of this study is to investigate whether the pressure caused by the...

EU gave the opportunity to each Member State to oblige/allow non-listed (i.e. private) companies to use IFRS. Considering a sample of Italian private companies which switched to IFRS in the time span from 2005 to 2008, we compare financial reporting quality between IFRS adopters and a matched...

Extant research on Mergers and Acquisitions (M&A) provides evidence that acquirers under perform subsequent to the takeover completion. Such evidence is more unequivocal for acquirers that finance the acquisition by issuing equity relative to those that use cash. Current literature recognizes...

This research investigates whether financial institutions that have gained a good reputation in relation to their CSR activities also engage in significant corporate support for the arts (CSA). Using a sample composed of the 42 largest listed European financial institutions, data from 2004 to...

The outcome of a bankruptcy procedure – ‘liquidation' or ‘reorganization' – has many legal, economic and social consequences for stakeholders of financial distressed companies. The objective of this paper is to show whether financial information integrity is a determinant for a...

Using the most recent observations (2005-2011) from a sample of UK listed companies, this study investigates whether Big 4 audit firms exhibit a ‘fee premium' and, if this is the case, whether the premium is related to the delivery of a better audit service.Univariate tests, multivariate...

The European sovereign debt crisis that has been playing out since 2008 has lead too much questioning over the future of the single currency which, so far, favoured foreign direct investment (FDI) in countries such as Ireland, contributing to their well-being and growth. Drawing on data gathered...

In the EU, ISA 701 and EU Regulation 537/2014 introduced the mandatory disclosure of Key Audit Matters (KAMs) for Public Interest Entities starting from the end of 2016. Similar regulatory changes have also taken place in other settings, such as the US. The introduction of KAM mandatory...