We investigate the role of analyst following as a monitoring device reducing earnings management. In a large international sample, we fi nd that the more transparent the country, the stronger the reduction in earnings management activity associated with analyst following. More transparent...

Die Beratung von Unternehmen gilt als eine hochqualifizierte Expertentätigkeit, derenNachfrage seit den 80er Jahren erheblich zugenommen hat. Dies spiegelt sich nichtzuletzt in einem deutlichen Anstieg des Umsatzvolumens und der Beschäftigungwieder. Trotz ihrer ökonomischen Bedeutung verfügt...

Markets for credence goods are classified by experts alone being able to identify consumers' problems and determine appropriate services for solution. Examining a market where experts have to invest in costly diagnosis to correctly identify problems and consumers being able to visit multiple...

Research questions: Does a manager in a small- and medium-sized company accept an expert on the same hierarchy level or are conflicts the consequences due to her/his power motivation? Methods: Questionnaire across different hierarchy levels in a medium-sized company Results: Managers are aware...