Despite the significance of context in international business studies, existing reviews on
foreign divestment have combined findings from developed and emerging markets …

Theories of service firm life cycle do not explain what happens to a hotel at the end of the
decline stage. Although market exit is one of the possible outcomes of business decline, it is …

Fierce competition among digital consumption platforms induces some platforms withdraw
or exit a certain market, and in some cases the user-generated content (UGC) would be …

This paper presents a parsimonious model of the bricks-and-mortar entry choice of online
retailers in light of consumer sales taxes. On the one hand, a retailer benefits by entry since …

ABSTRACT Verrecchia (1983, 1990) introduced the proprietary cost hypothesis in which
exogenous disclosure costs are a reduced-form interpretation of lost competitive advantage …

Traditional research about Financial Stability and Sustainable Growth typically omits
Earnings Management (as a broad class of misconduct), Complex Systems Theory …

Accounting has been taught and studied at LSE since 1902, but for the first 30 years, it was a
largely technical subject. Early accounting professors, Laurence Dicksee and Frederic de …

We consider a setting where managers manipulate the firms' real activities in anticipation of
insider trading opportunities. Managers choose strictly higher production quantities than the …

This study analytically examines optimal disclosure policies for relative performance
indicators in product market competition with asymmetric marginal costs. We demonstrate …

While antecedents of a rival's exit have been extensively investigated, how a rival's exit
affects the market has been barely examined. Drawing on the contestable market theory …