Identity,Enactment, and Entrepreneurship Engagement in a Declining Place

We examine entrepreneurship practice and identity work in a rural small town in New Zealand. Once prosperous, the town suffered economically and socially as old industries closed. Recently the town was rejuvenated, largely because of Linda's entrepreneurial activities. Our findings demonstrated conflict between her entrepreneurial identity and local sense of place. We theorize Linda's entrepreneurial identity in her business practice; where she experienced controversy, despite economic success. We argue that a complete understanding of identity and entrepreneurship practices requires attention to social and spatial processes, not just economic processes.     

The economic consequences of increased disclosure: Evidence from international cross-listings

We examine market behavior around earnings announcements to understand the consequences of the increased disclosure that non-U.S. firms face when listing shares in the U.S. We find that absolute return and volume reactions to earnings announcements typically increase significantly once a company cross-lists in the U.S. Furthermore, these increases are greatest for firms from developed countries and for firms that pursue over-the-counter listings or private placements, which do not have stringent disclosure requirements. Additional tests support the hypothesis that it is changes in the individual firm's disclosure environment, rather than changes in its market liquidity, ownership, or trading venue, that explain our findings.     

On minimum variance stratification for estimating the mean of a Weibull population

Abstract

The problem of dividing the frequency function of the Weibull distribution into L(L = 1, ... ,6) strata for the purpose of estimating the population mean under optimum allocation from a stratified random sample is considered. The optimum points of stratification (y ¹,..., y^L-1 ) determining the minimum variance of the estimator are obtained. The variance of the sampling units in each stratum and the variance of the estimate are also given.     

Locals,foreigners, and multi-market trading of equities: Intraday evidence from Thailand

We study stock market orders and trades in a developing country, Thailand, where foreign ownership limits partially segment local and foreign investors into two distinct markets. Some foreigners forgo voting rights and distributions to trade on the “local board”, while some locals forgo such benefits and pay a price premium to trade on the “foreign board”. Regardless of nationality, these cross-market traders typically submit orders when liquidity is high, fill orders at relatively beneficial prices, exploit patterns in stock prices across markets, display profitable holding-period returns, and enhance price discovery. This suggests that skilled, informed trading that affects market quality does not depend on trader nationality.     

Qualitative accounting research: dispelling myths and developing a new research agenda

This article deals with some common misconceptions about qualitative research. Qualitative studies are well suited to studying complex interconnections and relationships without reducing the complexity to simple numbers or variables. Rather than excluding outliers from a dataset, qualitative researchers are interested in these exceptions and often examine them in‐depth in order to develop better understandings and generate new theories on how accounting develops, functions and influences behaviour. New understandings and theory allow qualitative research to advance recommendations, extend the boundaries of accounting research, and make important contributions to both accounting theory and practice.     

CAPITAL ALLOCATION IN LESS DEVELOPED ECONOMIES

“European mining is done by companies, and company's money is almost like government money…. Machinery is bought, houses are built, in fact the capital of the company is spent…. After possibly a series of great hardships to the staff and disasters to the company, it is found that the tin raised is infinitesimal in value when compared with the rate of expenditure, and that the longer the work goes on the greater will be the losses. This is usually discovered when the paid-up capital is all but exhausted. The company is wound up and the State gets a bad name with investors, and the only people who really enjoy themselves are the neighbouring Chinese miners who buy the mine and the plant for an old song and make several large fortunes out of working on their own ridiculous and primitive methods.”