... Institutional environment M41 M48 This study investigates the effects of Economic Policy Uncertainty (hereinafter EPU) on accounting conservatism in Korean firms. In general, uncertainty surrounding economic policies is detrimental to economic players’ activities (International Monetary Fund...

...Khairul Anuar Kamarudin; Akmalia Mohamad Ariff; Wan Adibah Wan Ismail Purpose This paper aims to investigate the joint effect of product market competition (PMC) and institutional environment on accrual quality. Design/methodology/approach The sample covers a large data set of 52,138 firm-year...

... of the institutional environment in which the failed finance companies operated were: the finance companies were not listed on a stock exchange and lacked strong corporate governance (Harris, 2009); and the securities law enforcement in New Zealand was weaker than that of other common-law countries...