This study employs Danish data to examine the empirical relationship between the proportion
of managerial ownership and two characteristics of accounting earnings: the information …

This paper examines if the level of voluntary disclosure affects information asymmetry for
industrial companies listed on the Copenhagen Stock Exchange. Economic theory suggests …

This study seeks first to examine how firms implement impairment tests as required by IAS
36, and second, to explore factors which may explain why some firms are not entirely in …

… , we apply the level of X t and X t –1 as proxy for UX. Therefore, our specification becomes: …
Consistent with prior published literature, we expect the coefficients on X t and X t +i to be …

… =BV 0 + ∑ t=1 ∞ NI t −k e ·BV t−1 (1+k e ) t . The RI approach can also be expressed in
terms of financial ratios:(2b) P 0 =BV 0 + ∑ t=1 ∞ (ROE t −k e )BV t−1 (1+k e ) t , where NI is the …

Over the last three decades, strategic alliance performance has been an important research
topic within the international business and management fields. Researchers have …

We examine what determines executive compensation in privately held firms. Our study is
motivated by the fact that most studies in this area rely on data from publicly traded firms. …

Drawing upon information economics, this paper presents a relative assessment of 24 of the
most common disclosure items in the management commentary and notes sections of the …

A literature review suggests eight empirical implementation issues to which practitioners
should give increased attention. Implementation issues include how comparable firms are …

We examine how Danish investors and corporate financial advisers apply present value
approaches in valuing privately held companies. We interview 39 corporate advisers and …