Opaque financial reports and R2: Revisited

In this study, we revisit the link between R² (synchronicity) and earnings management (opacity) because of the importance of the ongoing debate on the relation between idiosyncratic risk and earnings management in the finance and accounting literatures. Hutton et al. (J. Financial Economics, 2009) provide evidence of a positive link between opacity and R². They interpret their finding to imply that firms with high R² (high synchronicity) have less firm-specific information impounded in their stock price. Our results for this relationship fail to unequivocally support the results reported in Hutton et al. (2009). We show that their results are not only time variant but also not robust to the alternative empirical technique recommended for panel data by Petersen (2009) and alternative estimation of discretionary accruals adjusted for firm performance prescribed by Kothari et al. (2005). We also find no support for a convex relation between idiosyncratic risk and opacity. The findings documented in this study substantially revise some of Hutton et al.'s findings in this important and growing area of research.     

Gendered Nature and Urban Culture: The Dialectics of Gated Developments in Izmir,Turkey

This article adds to recent debates on the emergence of new forms of private gated developments in Turkey that specifically target the upper middle classes. In particular, it focuses on the rise of residential gated developments along the Izmir‐Ce?me expressway to highlight how the dialectics between gender, nature and culture are reinforced in these places. The article, based on a case study of three gated developments in this region, suggests that their production is made possible through a series of dualisms between nature and culture, mobility and fixity, urban public life and gendered domesticity, urban modernity and rural parochialism, polluted city and healthy town. Based on interviews with architects, developers and residents, as well as local‐authority officials in Urla town who sanction these developments, this article argues that contradictions between different sets of dualisms form a central aspect of the processes through which these developments were designed, produced, marketed and inhabited. Taken collectively, these contradictions point broadly to the limits of gated communities in creating stable, adaptable and sustainable patterns of development in Turkey and the global South.     

A general equilibrium model of Value Added Tax evasion: an application to Pakistan

International Economics and Economic Policy - Value Added Taxes (VAT) constitute a major share of tax revenues in developing countries in which tax evasion is widespread. The literature on VAT...     

Voting decision-making of low-income consumers: Literature review and research agenda

This review article examines why and how low-income voters decide to vote for a political candidate. A total of 163 articles in the last 80 years (1944–2023) have been identified through a systematic literature review. Thereafter, the fragmented literature has been organized using a fusion of 3W1H and TCCM (Theory, context, characteristics, and method) frameworks to obtain a comprehensive overview of the low-income voters' behaviour. Accordingly, the study has explained the voting contexts of poor consumers. Besides, the fundamental theories and methods employed in this research domain have been identified. This study revealed three characteristics of ‘voting choice’ of low-income consumers (group identity, communication characteristics, and political environment characteristics) that have been further classified under several sub-themes. This review article pioneers to provide an integrated and organized analysis of the literature on the voting behaviour of low-income consumers, highlighting critical research gaps in theories, contexts, methods, and antecedents that future researchers can examine to extend the discourse in this realm.