IJBAF.V9.N2.2015

Recently the life insurance industry has been growing in the Moroccan economy. In this context, this study aims to reveal and assess the determinants of life insurance consumption in Morocco over a period of 29 years (1982–2010). Following the literature on the subject, socioeconomic, financial and demographic explanatory variables were examined to assess their effect […]

Fang Yang Jeanne M. David University of Detroit Mercy ABSTRACT The present study examines the relation between Research and Development (R&D) spending and Chief Executive Officer (CEO) incentive systems in young and mature firms. The economic statistics indicate that young and mature firms demonstrate different levels of intensity in R&D investments over time. For instance, […]

D. K. Malhotra Raymond Poteau Philip Russel Philadelphia University ABSTRACT Corporate governance in general and audit quality in particular became the focus of regulators since the Enron and WorldCom debacle. The resultant legislation in the form of Sarbanes-Oxley Act (SOX) of 2002 provides specific guidelines for the audit committee to ensure effective corporate governance. The […]

Grace O’Farrell University of Winnipeg Chunhui Liu Khalifa University of Science, Technology & Research Dedicated to the memory of Dr. Lee J. Yao ABSTRACT This research contributes to understanding of the impact of differences between International Financial Reporting Standards (IFRS) and the United States of America’s Generally Accepted Accounting Principles (US – GAAP) on perceived […]

Carolyn Ann Galantine Pepperdine University ABSTRACT Researchers have previously modeled the relationship between the government and taxpayers as a two player model with asymmetric information between the government and the taxpayer. These models delivered useful implications on the impact of audit probability and penalties on taxpayer compliance treating these variables as exogenous. However, tax researchers […]

Elvan Aktas Valdosta State University ABSTRACT For decades, financial markets relied on a consistent and fairly well-functioning group of variables to evaluate liquidity needs, short-term fluctuations in money markets, and finally, credit worthiness of borrowers. These traditional risk assessment variables worked fairly well in the past, even during the crises of the second half of […]

Leonard Branson Mark Buxton Megan Canny University of Illinois Springfield ABSTRACT In response to the accounting scandals in the United States, Congress passed the Sarbanes- Oxley (SOX) Act of 2002. In an attempt to cover up their fraud, employees of Enron destroyed many documents that would have provided evidence of the full extent of the […]

Bert J. Zarb Embry-Riddle Aeronautical University ABSTRACT The reporting of voluntary disclosures of accounting information is believed to increase financial transparency and boost shareholder confidence. In a rapidly changing business environment, more companies are choosing to voluntarily disclose accounting information as they believe that such disclosures give them a competitive advantage. This study examines whether […]

Howard Qi Michigan Technological University Yan Alice Xie University of Michigan at Dearborn ABSTRACT The equivalent annuity cash flow (EACF) method is an interesting concept in asset pricing and corporate finance. It is normally believed that the EACF applies in cases where the cash flows of certain pattern repeat themselves perpetually. However, the authors of […]

Gregory G. Kaufinger Chris Neuenschwander Anderson University ABSTRACT This study investigates the use of gift card breakage as an earnings management tool. Results using a sample of publicly traded retail firms for the period 2005-2012 suggest that retail firms use breakage to manage earnings and that a principal motivation behind this behavior is to meet […]