Review of Accounting and Finance: Volume 4 Issue 2

Narratives vs Numbers in the Annual Report: Are They Giving the Same Message to the Investors?

Pascal Balata, Gaétan Breton

The annual report has two parts, financial statements and narrative sections. Commentators have raised doubts about the harmony of the two parts. The financial statements are…

Impact of Perceived National Corruption on the Returns to US Multinationals in Transactions with Foreign Governments

Kimberly C. Gleason, Charles A. Malgwi, Ike Mathur, Vincent Owhoso

In this exploratory study, we investigate the influence and effects of foreign government corruption on the market value and accounting outcomes of US multinational corporations…

Reliability Evaluation and Design of AICS: A Survey of Models and Experiments

Abdel‐Aziz M. Mohamed, Mahmood A. Qureshi, Ali R. Behnezhad

The reliability of accounting internal control systems (AICS) is often viewed as a primary concern of auditors. Over the past three decades, several reliability models have been…

The Impact of Managerial Ownership on the Likelihood of Provision of High Quality Auditing Services

Gregory D. Kane, Uma Velury

This study investigates the relation between managerial ownership and the audit quality of the firm. In modern corporations, the separation of ownership and control creates…

Market Structure and Performance in Australian Banking

Milind Sathye

The paper uses annual and pooled data on Australian banks for the years 1994 to 1996 to test the two competing hypotheses of market structure and performance; namely, the…

The Relation Between the New Corporate Governance Rules and the Likelihood of Financial Statement Fraud

Obeua S. Persons

This study examines the relation between the likelihood of financial statement fraud and certain corporate governance requirements of the Sarbanes‐Oxley Act and the new rules of…

Stock Market Reactions and Capital Gains Tax: Evidence from the 1985 Canadian Lifetime Capital Gains Exemption

Horn‐Chern Lin, Tao Zeng

This paper provides evidence suggesting capital gains tax affects stock returns and trading volume. The Canadian federal government budget of May 23, 1985 provided individual…