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Welcome to the research outputs of the University of Exeter Business School Department of Accounting

Recent Submissions

  • Effectiveness of Monitoring, Managerial Entrenchment, and Corporate Liquidity 

    Couzoff, P; Banerjee, S; Pawlina, G (University of Exeter Business School, 2018-02)
    We present a continuous-time model of partially delegated cash management, where effectiveness of monitoring and managerial entrenchment are explicitly accounted for. Shareholders trade off the wedge in cash flows between ...
  • What drives corporate insurance demand?: Evidence from directors’ and officers’ liability insurance in Korea 

    Park, MK (University of Exeter Business School, 2018-02-28)
    This paper provides empirical evidence that increasing risk results in higher demand for hedging among firms. In a natural experiment exploring the Korean Government’s legislative change on shareholder class action, I ...
  • Substitution Effects and Lottery Demand 

    Garcia Ares, P; Zapatero, F; Filippou, I (University of Exeter, 2018-03-23)
    In this paper we examine the role of option trading in strategies with lottery-like payoffs. We find that lottery investors are more involved in the options market than the stock market. This is reflected in the insignificant ...
  • The dynamics of internalised and extrinsic motivation in the ethical decision making of small business owners 

    Onu, D; Oats, L; Kirchler, E (Wiley, 2018)
    We investigate the ethical behaviour of small business owners by focusing on individuals’ motivations to comply with tax obligations. In a study of 330 small business owners, we assess the role of internalised motivation ...
  • Compliance and control: How performance measures make and unmake universities (Working Paper) 

    Soin, K; Huber, C; Wheatley, S (University of Exeter, 2018-03-05)
    The power of performance measures and metrics can be seen as a key concern in management and organization. How individuals comply with and react to these measures, and how they effect change is a crucial issue in the field. ...
  • What explains the North–South divide in Italian tax compliance? An experimental analysis 

    D'Attoma, JW (Palgrave Macmillan, 2018-01-26)
    I undertake a comparative study assessing the North–South divide in Italian tax compliance, employing the largest behavioral tax compliance experiment to date. Contrary to a large body of literature, I argue that willingness ...
  • Mandatory financial reporting processes and outcomes 

    McMeeking, KP; Bamber, M; Petrovic, N (Elsevier, 2018)
    In an extension to the mandatory financial reporting literature, we consider compliance and applicability as intermediate stages in the disclosure decision process, and investigate to what extent these measures explain any ...
  • In search of beta 

    Tharyan, R; Gregory, A; Shan, H (Elsevier, 2017-12-23)
    Despite its limitations, the CAPM is a popular asset pricing model. However, the estimation of beta in the CAPM is affected by the choice of the returns frequency and firm characteristics. This study undertakes a detailed ...
  • Soft power and exchange rate volatility 

    Cevik, S; Harris, RDF; Yilmaz, F (Wiley, 2017-10-10)
    Standard models—based exclusively on macro-financial variables—have made little progress in explaining the behaviour of exchange rates. In this paper, we introduce a neglected set of ‘soft power’ factors capturing a country's ...
  • Equity Incentives and corporate fraud in China 

    Hass, LH; Tarsalewska, M; Zhan, F (Springer Verlag, 2015-08-06)
    This paper explores how managers’ and supervisors’ equity incentives impact the likelihood of committing corporate fraud in Chinese-listed firms. Previous research has shown that corporate fraud in China is a widespread ...
  • Buyouts under the threat of preemption 

    Tarsalewska, M (Elsevier, 2018-01-31)
    This paper analyses the effects of preemption fears on the buyout efficiency when firms combine non-synergistic operational activities and have asymmetric access to financing. Bidders with preemption fears are more likely ...
  • Common auditors and cross-country M&A transactions 

    Chircop, J; Johan, S; Tarsalewska, M (Elsevier, 2017-04-07)
    Using a comprehensive sample of cross-country mergers and acquisitions for the period 2000-2014 we examine the effect of common auditors on the efficiency of cross-country M & A transactions. We predict that the use of ...
  • Tax Avoidance and Cost of Debt: The Case for Loan-Specific Risk Mitigation and Public Debt Financing 

    Isin, AA (Elsevier, 2018-01-19)
    Examining the syndicate loans market for publicly traded U.S. firms I show that tax avoidance is positively related to loan spreads. Importantly, however, tax-specific premiums disappear for loans with large number of ...
  • Insider trading and the post-earnings announcement drift 

    Dargenidou, C; Tonks, I; Tsoligkas, F (Wiley, 2017-12-16)
    We show that trades by corporate insiders after an earnings announcement determine in part the extent of the post-earnings announcement drift anomaly. Contrarian trades mitigate the under-reaction to earnings announcements, ...
  • Pre-Going Private Ownership Around the World 

    Cumming, DJ; Sannajust, A; Tarsalewska, M; Zhu, J (Wiley for British Academy of Management, 2018-02-15)
    Going private transactions are often highly leveraged, and give rise to potential agency conflicts among existing shareholders. But who exactly are those shareholders, and under what legal conditions are these transaction ...
  • Management Controls and Pressure Groups: The Mediation of Overflows 

    Jollands, SE; Akroyd, C; Sawabe, N (Emerald, 2017)
    Purpose Organisations produce effects that go beyond the economic framing within which they operate, referred to as overflows in this paper. When an organisation comes under pressure to address these overflows they must ...
  • Are Some Countries More Honest than Others? Evidence from a Tax Compliance Experiment in Sweden and Italy 

    Andrighetto, G; Zhang, N; Ottone, S; Ponzano, F; D'Attoma, J; Steinmo, S (Frontiers Media, 2016-04-07)
    This study examines cultural differences in ordinary dishonesty between Italy and Sweden, two countries with different reputations for trustworthiness and probity. Exploiting a set of cross-cultural tax compliance experiments, ...
  • Divided Nation: The North-South Cleavage in Italian Tax Compliance 

    D’Attoma, J (University of Chicago Press for Northeastern Political Science Association, 2016-12-28)
    It is well known that tax compliance is low in Italy, and lower in the South than in the North. Many scholars have examined Italian taxpayer behavior, mainly using experiments and surveys. However, little attention has ...
  • Willing to share? Tax compliance and gender in Europe and America 

    D’Attoma, J; Volintiru, C; Steinmo, S (SAGE Publications, 2017-05-09)
    Studies examining the effects of gender on honesty, deceptive behavior, pro-sociality, and risk aversion, often find significant differences between men and women. The present study contributes to the debate by exploiting ...
  • European Market Reaction to Audit Reforms 

    Horton, J; Tsipouridou, M; Wood, A (Taylor & Francis (Routledge) for European Accounting Association, 2017-11-08)
    This paper investigates European stock market reaction to events associated with the proposed EU audit reforms that were ultimately implemented in 2016. These include, inter alia, mandatory audit firm rotation, prohibition ...

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