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The cost of equity (COE) and corporate governance structure are the most critical factors affecting competition among publicly held companies. Accordingly, the present paper aims to examine the relationship between corporate governance and the COE in the wake of the Islamic State of Iraq and Syria (ISIS) in Iraq.

Our statistical sample includes 34 companies listed on the Iraq Stock Exchange from 2012 to 2017. Board structure (i.e. board size, board independence, CEO tenure, board meetings frequency and CEO duality) and ownership structure (managerial ownership, institutional ownership and state ownership) are considered proxies for corporate governance structure. Besides, the authors employ the Capital Asset Pricing Model to measure the COE as our dependent variable. Multiple regression analysis and Exploratory Factor Analysis are also used to estimate the research models.

Our results suggest that corporate governance structure plays a significant role in reducing COE during the ISIS era. Furthermore, the authors find that corporate governance can be an alternative to COE reduction in Iraq’s absence of national security. Our findings also indicate that board size, board meeting frequency, managerial ownership and institutional ownership are negatively associated with COE.

Although this study has been thoroughly considered and cautiously planned, the specific period chosen to conduct the research (i.e. the ISIS era) could be a significant limitation since financial disclosure of listed companies may have been of lower quality during this period. However, to relatively alleviate this limitation and maintain the authenticity of the findings, the authors exclude low-quality financial statements, particularly non-audited financial reports, from the statistical sample. Furthermore, practitioners of emerging markets that are suffering from a weak external corporate governance combination can use the findings of this paper as a guideline to compensate the existing market deficiencies by improving internal corporate governance for observing further cash sources with lower cost. The findings also propose to international agencies that the business environment in Iraq is heavily affected by the ISIS phenomenon and needs financial aid to recover from its side effects. Furthermore, macroeconomists may use this paper to make more decisive macroeconomic indicators predictions.

This paper is among the pioneer investigations and elaborates on how the agency conflict is resolved effectively. The board and managerial characteristics and different forms of ownership might be applicable to provide cheaper funds for companies listed in emerging markets suffering from weak external corporate governance combinations.

This study aims to investigate the factors affecting the professional judgment of auditors in Iraq (personality type, audit firm size and age).

The statistical population includes 1,750 participants, and the sample size was determined to be 309 participants using Cochran’s sampling formula. The required data has been collected through a questionnaire. Regression factor analysis, Kolmogorov–Smirnov, t and Friedman(f) tests were used to analyze the variables and examine their relationships.

The results show a significant relationship between neuroticism, extroversion, flexibility, agreeableness and conscientiousness and auditors’ professional judgment. No relationship was observed between the size of the auditing firm and professional judgment. The results also showed a significant relationship between seniority and auditors’ professional judgment.

This study will help increase the knowledge of investors and regulators, providing information to researchers and those interested in auditors’ professional judgment. It can also be a starting point for research in this field. This research investigates the auditor characteristics, including personality traits of auditors, audit firms’ size and age and their impact on auditors’ professional judgment.

The current study aims to investigate the effects of opportunities and threats of using blockchain on the input, processing and output components of the financial reporting process within the fintech landscape.

This study administered a questionnaire in Iran to 121 university lecturers in accounting and auditing, independent auditors, financial managers and internal auditors to better understand the effect of blockchain on financial reporting. The responses were analysed using SPSS and Smart PLS Software.

This study demonstrates how blockchain technology can improve the financial reporting process in the fintech industry by providing opportunities for remote labour, improved accountant roles and task automation. Threats include the requirements for blockchain expertise, standardisation, security issues and decreased flexibility. Limited R&D resources pose problems for small businesses. The main advantages of outputs are continuous, timely financial reporting and comparability; the risks associated with customised reports and regulatory difficulties in managing non-financial and financial data are the main disadvantages. The results show that all indicators of opportunities to use blockchain positively and significantly affect financial reporting opportunities within the fintech context. In addition, all the indicators of the threats of using blockchain have a positive and significant effect on the threats of financial reporting in the fintech context.

The present study is designed to meet the needs of a blockchain-based financial reporting system in the fintech context. Rapid growth and transformation into an advanced digital system has increased the importance of understanding the effects of the opportunities and threats of applying blockchain technology.

Countries with high levels of corruption can experience collusion between powerful elites and accountants to conceal, disguise and clean the proceeds of criminality. This study investigates the willingness of accountants to report evidence of money laundering in an emerging economy, Iran, notwithstanding potential personal and professional risks implicit in such due diligence. It evaluates the relevance of personal characteristics of accountants to the propensity to report, and the implications for policy makers in terms of audit team composition.

The methodology is quantitative. Data was gathered by means of a suspicious activity scenario-based questionnaire administered to 1,128 of Certified Public Accountants in Iran, of which 281 responses were received. Four hypotheses were tested relating to the implications, if any, of gender, age, education and working experience for the propensity to report red flags indicative of money laundering.

Data revealed that accountants were generally more willing to report activity indicative of money laundering than was anticipated in an environment perceived to be characterised by professional and personal risks. Older accountants are more risk averse and more likely to report suspicious activity than younger counterparts who tend to disregard borderline indicators of money laundering. A significant red flag indicator of money laundering is a client's reluctance to provide information regarding controlling shareholders, debtors and creditors or to explain contrived and opaque corporate structures. Audit teams may be more effective when gender-balanced: female accountants tend to be more willing to report suspicious activity than male counterparts, reducing the risk of interference by powerful elites.

The time frame over which the research was conducted was a single year; if it had been conducted over several years it may have revealed more nuanced and evolving reporting behaviour. The study was limited to Iran: a cross-comparison with another emerging economy or economies may have revealed useful contrasts.

The study contributes to behavioural accounting research in emerging economies. Limited empirical data is available regarding the influence of personal characteristics of accountants on their willingness to report suspicious activity in corrupt environments where personal safety and professional security may be at risk from powerful elites. It evaluates the implications of these for suspicious activity reporting policy, and for improving the effectiveness of the scrutineering role of audit teams. An innovative questionnaire was designed which may be suitable for future comparable research in emerging economies.

The empirical research examined the effect of intrinsic motivation (IM) and employees’ performance appraisal satisfaction (PAS) on performance outcomes (POs) viz., organisational commitment (OC) and turnover intention (TI). The existence of significant differences among variables under study due to different demographic factors was also tested. A questionnaire survey approach was used as a method of heterogeneous data collection involving 302 employees from 3 select service sector organisations (SSOs). To test the hypothesised relationships, results were interpreted based on mean values, standard deviation (SD), percentage, correlation analysis, regression analysis, and one-way ANOVA tests which are the accepted tools and are appropriate to interpret the data in a study of this kind. Empirical evidence supported the direct relationships of IM and PAS with OC and TI. The findings also indicated that IM and PAS are more than the normal in most of the cases across the demographic groups. Significant differences were observed on perceptions of PAS and OC due to gender, years of service, and level or current position of employees. Further research studies are needed to establish the predictors of IM, PAS, and POs in different organisational contexts. Several important practical and research implications of the research results are discussed in this chapter.

It is crucial to identify the factors that affect corporate resilience to compare a company with others and assess its competitiveness. This study aims to examine the effect of using information technology (IT) on corporate resilience in the face of tension-causing factors within companies listed on the Tehran Stock Exchange (TSE).

The statistical population of this study includes all the companies listed on the TSE during 2013–2022. A total of 196 companies were selected as the final research sample. The panel data is used to test the research hypotheses using Stata 14.

The results demonstrate that tension-causing factors within the company have a negative effect on corporate resilience. Moreover, the results indicate that investment in software positively affects the relationship between company tension-causing factors and corporate resilience. Furthermore, the results show that investment in hardware positively affects the relationship between tension-causing factors within companies and corporate resilience.

This study creates a bridge between research on IT, corporate resilience and tension-causing factors within companies. To the best of the authors’ knowledge, this is the first study to investigate the effect of IT on corporate resilience in the face of tension-causing factors within companies in Iran, particularly in the TSE, thereby contributing to the existing literature in this area.

This paper aims to investigate the relationship between the proprietary costs of financial reporting and the comparability of financial statements with the interactive role of information asymmetry.

Data were selected from the information of all the listed companies on the Tehran stock exchange from 2011 to 2021, based on 781 observations. A multiple regression model is used to analyze data.

Results convey a significant relationship between proprietary costs of financial reporting and comparability of financial statements. Furthermore, information asymmetry has a significant impact on the relationship between proprietary costs of financial reporting and the comparability of financial statements.

Unlike previous studies, this study applies future dependent variables and the residual of dependent and independent variables in the additional analyses, which support the primary hypotheses.

The purpose of this study is to investigate resource-constrained multi-project scheduling problems (RCMPSP) involving uncertainty in the form of time-dependent renewable resource reliability. A key focus is to minimize the makespan (completion time) of projects when resources can become unavailable or fail over time at non-constant rates. Accounting for realistic resource reliability seeks to provide scheduling solutions that better reflect potential delays in practical multi-project environments.

A new discrete-time binary integer programming formulation of RCMPSP is expanded to include time-dependent resource reliability and simultaneously evaluate the time-dependent failure rate and constant repair rate of a resource. A new hybrid immune genetic algorithm with local search (HIGALS) is developed to solve this NP-hard problem. HIGALS incorporates a new coding mechanism, initialization method and local search operator.

A case study tests the proposed HIGALS approach. The validity of the mathematical model is confirmed by solving small-sized problems with GAMS software. The proposed HIGALS algorithm is validated by solving small-sized problems and comparing its solutions with GAMS. The superiority of HIGALS is demonstrated by comparing its solutions with six basic algorithms on medium- and large-sized problems. Results show that HIGALS outperforms existing algorithms, achieving an average reduction in makespan of over 11.79%, while maintaining the advantages of genetic, immune and local search algorithms and avoiding their disadvantages.

Considering time-dependent resource reliability can help project managers plan for disruptions and delays in resource-critical projects. HIGALS provides decision support for robust multi-project scheduling.

This study contributes to the field by investigating RCMPSP with time-dependent renewable resource reliability, which reflects real-world uncertainty more accurately. HIGALS presents a novel approach to balance intensification and diversification for this challenging problem.

Despite the growing literature on business model innovation (BMI) and its implications for firm performance, the research on the antecedents of BMI is still at a budding stage. Therefore, the purpose of this paper is to bridge this gap by examining the causal relationships between knowledge management, BMI, competitive advantage, and firm performance.

A purposive sample of 300 micro, small, and medium enterprises was collected with more than 500 employees and total revenue between 50 and 500 million Indian Rupees, according to the Development Act, 2005. The collected data were analyzed using structural equation modeling through smart PLS 3.

The study’s findings show that knowledge management significantly influences BMI. This study also highlights the synergic impact of Knowledge management and BMI on firm performance. Furthermore, findings highlight the mediating role of competitive advantage in the relationship between knowledge management, BMI, and firm performance.

Understanding the impact of BMI and knowledge management is crucial for business owners, managers, and other stakeholders to plan for the continuous improvement of their businesses. Managers can secure a favorable position in the competitive market and improve organizational performance by paying attention to effectively managing their knowledge resources.

The study is one of the first few empirical efforts to investigate the causal relationships between knowledge management, BMI and firm performance. The study adds to the scant literature in this area by highlighting the mediating role of competitive advantage.