By: David S. Johnson, Jessica L. Thompson

Published: July 2, 2024

Recruiting and retaining qualified certified public accountants (CPAs) is essential for organizations' fiscal management and success. The accounting profession is expected to grow significantly, increasing the pressure on businesses to hire CPAs whose work styles align with the evolving demands of the field. Traditionally, personality inventories have been used to...

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By: Ahmed Khalid Al-Farsi , Sara Maria Lopez

Published: July 2, 2024

Companies face significant stock price drops, typically ranging from two to three percent, upon announcing seasoned equity offerings (SEOs), as evidenced in various studies (Asquith & Mullins, 1986; Masulis, 1986; Smith, 1986; Jung, Kim, & Stulz, 1996). Smith (1986) further reveals that the market's reaction to equity issuance on the...

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By: Sara and Liam Khan and Brown

Published: July 2, 2024

The perpetual debate regarding the rationality of stock markets remains a captivating and ongoing topic of inquiry. Existing literature broadly approaches this issue through two distinct frameworks: the classical and the behavioral perspectives. In the classical view, market efficiency prevails, where stock prices faithfully reflect changes in anticipated future cash...

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By: Olivia Marie and Alexander James Leclerc and Wong

Published: July 2, 2024

This study investigates the impact of trade credit on the effectiveness of monetary policy transmission, addressing the empirical observation that trade credit tends to mitigate the effects of central bank actions. To elucidate this phenomenon, we develop a partial equilibrium model that incorporates third-degree price discrimination and menu costs. Our...

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By: Elena Georgieva Dimitrova

Published: July 2, 2024

This study delves into the intricate relationship between financial development and economic growth. The finance-growth nexus theory posits that financial development fosters economic growth through mechanisms such as the marginal productivity of capital, efficient allocation of savings to investment, savings rate, and technological innovation. These channels are facilitated by financial...

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