Although many mechanisms exist for the evaluation of new products, none have specifically examined role that financial markets can play in measuring impact products on firms. Using traditional event-study methodology, present research provides a market-based analysis product introductions market value Copyright 1991 by University Chicago Press.

Prior research has examined audit pricing for publicly held firms and provided some evidence of a Big 8 premium in pricing. We investigate among private firms, provide that do not pay such on average. The relatively greater degree dispersion auditor choice (between 5 non-Big auditors) our large sample privately clients allows us to predict the each firm control potential self-selection. reject null hypothesis are randomly allocated across auditors. Using standard OLS regressions, we document...

In this article we investigate the impact of Enron audit failure on auditor reputation. Specifically, examine Arthur Andersen’s clients’ stock market surrounding various dates which procedures and independence were under severe scrutiny. On three days following admission that a significant number documents had been shredded, find other clients experienced statistically negative reaction, suggesting investors downgraded quality audits performed by Andersen. We also Houston office suffered...

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Prior research has examined audit pricing for publicly held firms and provided some evidence of a Big 8 premium in pricing. We investigate among private firms, provide that do not pay such on average. The relatively greater degree dispersion auditor choice (between 5 non-Big auditors) our large sample privately clients allows us to predict the each firm control potential self-selection. reject null hypothesis are randomly allocated across auditors. Consistent with extant literature, we...

This article provides empirical evidence to support recent assertions that the substantive representation of women depends not only on numbers elected representatives in national legislatures, but also who they are. In this case study one UK's devolved analysis was undertaken transcripts 327 plenary debates held during first term National Assembly for Wales, where constituted 42 percent members (1999–2003). The gender dynamics political debate around key equality topics reveal link between...

Abstract. This paper reports the results of an empirical investigation effect firm size on magnitude long‐window earnings response coefficient (ERC). In contrast to earlier studies, we find that is positively related ERC. result was robust across alternative event windows (12, 15, and 24‐months). The argument advanced in literature has been since more information available throughout year for large firms, a less pronounced market reaction occurs at announcement date. Our not inconsistent...

Recent theory-building on the substantive representation of women (SRW) in parliamentary settings contends that addition to traditional concerns about achieving a ‘critical mass’ women, scholars need question who actors’ are. Analysis range deliberative functions Scottish Parliament supports critical actor thesis—yet, while female actors have disproportionate policy-making influence, present study adds contemporary understanding by highlighting it is how interact with mass plays key role...

Abstract This study explores civil society and state perspectives on the human rights status of persons with albinism ( PWA ), a rare genetic condition characterized by reduced or absent pigmentation hair, skin, eyes. analysis examines “situated knowledge” in organisations CSO s) regarding situation six sub-Saharan African states. The dataset comes from Universal Periodic Review UPR United Nations’ five-yearly treaty-monitoring programme. findings reveal continuing serious pathologies that...

This exploratory study examines issue salience and the discourse on human rights in principal parties' manifestos UK state-wide Elections 1945–2010. Innovative aspects include application of combined qualitative quantitative techniques. These are used to test a series hypotheses. The findings reveal nature extent party politicisation rights. Analysis confirms Left–Right political cleavage. Left-of-centre parties attach greatest priority promoting rights, frame them context citizenship,...

Against the international backdrop of rising religious tensions, this article explores contemporary civil society views on freedom in Bangladesh. It uses critical frame analysis corpus organizations' (CSOs) submissions to United Nations' third cycle Universal Periodic Review (UPR), 2013–18. provides a timely assessment Bangladesh's fulfilment obligations freedom, and shows how politicization religion resultant conflict between 'secularism' 'extremism' have been fuelling inter-communal...

This study is concerned with the substantive representation of disabled people (SRDP) in legislative settings; other words, addressing people's needs and concerns policy lawmaking. Mixed methods analysis post-1940 Acts UK Parliament, backbench MPs' use early day motions (EDMs) written parliamentary questions (WPQs) reveals long-standing institutional ableism. situation whereby systemic practices disadvantage individuals based on their abilities. Inter alia, findings show that although recent...

Abstract Welfare state theory has struggled to come terms with the role of third sector. It often categorized welfare states in pattern interplay between social policies and structure labour market. Moreover, it frequently offered an exclusive focus on policy – thereby failing substantially recognize formally organized This study offers a corrective view. Against backdrop international shift multi‐level governance, analyses discourse sector involvement governance following devolution UK ....

Descriptive representation occurs when elected politicians are typical of the larger class persons that they represent, such blacks represent blacks, disabled people and so on. Research undertaken in context UK government's devolution programme helps us to judge strength demand for descriptive amongst political activists elites. In case women, one grouping where proportional has (almost) been achieved, substantial benefits perceived, example relation improvements deliberative function...

English Within the context of devolution statutes introduced by 1997 UK Parliament, Welsh Assembly's statutory equality imperative is unique in its non-prescriptive phrasing and all-embracing scope; it requires government to promote opportunity for all people exercise functions. Written at end National Assembly Wales's first term, this article sets out background duty, explores impact tests two propositions experts, namely: that constitutional reform has provided an “enabling within which...