Purpose – The purpose of this paper is to investigate how the 2007 global financial crisis (GFC) changed financial disclosure behavior using a sample of US equity real estate investment trusts (REITs) from 2000 to 2015.Design/methodology/approach – The authors use panel data spanning from...

This paper is the first study to explore whether the stapled structure influences firms’ activities in earnings management (EM). Trusts and firms under stapled securities are exposed to various managerial opportunities and activities that can provide the flexibility of using EM approaches....

This study primarily explores the impact of International Financial Reporting Standards mandatory adoption on accruals quality in the United Kingdom and Germany from 2001 to 2009. Besides accounting standard, we argue that the effectiveness of corporate governance mechanisms could be used as a...

We propose a new forward-backward stochastic differential equation solver for highdimensional derivative pricing problems by combining deep learning solver with least square regression technique widely used in the least square Monte Carlo method for the valuation of American options. Our...