Top management succession may be a real threat for the long-term profitability of companies, in particular when it involves the founder whose name also identifies their brand and their products. This is extremely important in the luxury sector where loyalty, trust and the image of brands in...

Financial institutions and the arts have been a historical and natural duo since the Middle Ages, when bankers supported the arts sector and artists. This paper investigates the corporate governance (CG) characteristics of today's financial institutions that engage more extensively with...

The luxury sector is one of the most significant segments of the economy. It is increasingly attracting the interest of investors given the high margins and growth that companies in this sector exhibit. What is the “secret” of this outstanding performance? Extant literature shows that...

This paper examines the level and efficiency of private firms' investments with respect to corporate tax cuts. Earlier research has focused mainly on public firms. Research into private firms is especially relevant since these companies tend to finance future growth through internal financing....

This paper investigates and compares the earnings management strategies of listed and unlisted firms during situations involving financial difficulties. The evidence from a sample of 6,407 French non-financial entities from 2009 to 2016 shows that, in the presence of severe financial problems,...

This paper investigates the impact of the voluntary adoption of International Financial Reporting Standards (IFRS) by unlisted firms on both their financial reporting quality and on their cost of debt. Using a large international sample of unlisted EU companies where the choice of IFRS is...

Soccer player registrations are accounted for as intangible assets on the balance sheets of clubs. This paper thoroughly explores the definition of intangible assets provided by the International Financial Reporting Standards and the International Financial Reporting Framework and raises doubts...