This paper highlights a new fact about structural change by focusing on the dynamics of the capital income share at the sectoral level. That is, the capital income share in services decreases steadily while that in the manufacturing sector increases over time. I develop a two-sector growth model...

This study investigates whether auditors strategically perceive the tone of management qualitative earnings press releases and incorporate that information when determining audit fees. Using publicly issued management qualitative earnings press releases, we quantify abnormal tones that cannot be...

Purpose This paper explores the driving factors of parasocial relationship (PSR) in the virtual reality (VR) shopping environment, and how this relationship affects brand equity. The study also investigates the moderating role of the celebrity endorser dynamism (CED) in the relationship between...