Michail Nerantzidis

University of Thessaly | UTH · Department of Accounting and Finance

This article reviews the 25 years of Accounting History. Using bibliometric analysis, we provide a summary of bibliometric statistics to present an overview of the peer-reviewed journal's publication landscape. For this reason, we use a sample of 566 documents from the Scopus database between 1996 and 2021. We document publication and citation data...

This paper examines the time-varying spillover effects and connectedness between the euro and other EU and non-EU currencies after the end of the sovereign-debt crisis. We employ the Quantile Vector Autoregression connectedness approach using intraday data for seven currencies (the euro, the British pound, the Swiss franc, the Polish zloty, the Hun...

In recent years, scholars in accounting and finance have shown a growing interest in employing machine learning for academic research. This study combines bibliographic coupling and literature review to analyze 575 papers from 93 well-established journals in the field of accounting and finance published between 1996 and 2022, and addresses three in...

Purpose Sustainable development (SD) is becoming an important area of research in accounting education. This paper examines if postgraduate accounting students in the Greek context present different awareness of SD issues and if this is related to their Master’s orientation. Moreover, it compares the results with other similar studies. Design/meth...

Environmental, Social and Governance (hereafter ESG) reporting has started to attract interest from the academic community. The objective of this study is to review the existing research literature in the field of ESG and display what is known, show trends and perspectives. We used data from Scopus database. Through this analysis we attempted to ev...

Purpose The purpose of this study is to identify, recap and evaluate the state-of-the-art linkage between International Financial Reporting Standards (IFRS) and earnings management (EM). Design/methodology/approach A bibliometric analysis of 249 publications from the Web of Science (WoS) database was carried out, employing both the techniques of p...

Over the last decades, research on the relationship between audit committees (ACs) and audit fees (AFs) has been increasing. Although numerous scholars have studied this topic, to the best of our knowledge, there is no systematic literature review (SLR) that provides a synthesized state of knowledge regarding this research area. To fill this gap th...

The purpose of this study is to develop a valid and reliable questionnaire concerning the Certified Public Accountants' (CPA) perception(s) regarding the Covid-19 pandemic and to provide insights into this issue. A questionnaire was developed combining the key aspects of professional guidelines, prior literature, and experts' opinions. Our study fo...

The paper aims to review studies dealing with audit report lag or audit delay and the Audit Committee in accounting literature over the period of 2006-2022. Research on factors related among audit report lag and audit committee has become more widespread in recent years and there was a considerable upsurge in these papers. This study combines elect...

Purpose This study aims to investigate the association between firm valuation and earnings quality in several European countries. Also, it examines if country-level governance and market development are important determinants of firm valuation. Design/methodology/approach Using a sample of 5,002 non-financial firms in 37 European countries over th...

Motivated by the recent study of De Vito and Gómez (2020), this paper examines how the COVID-19 pandemic could influence the liquidity of Greek listed firms. It also explores the main factors that drive the level of operating cash flow (OCF). By simulating a decrease of 50% and 75% in sales, we perform stress-tests on three liquidity ratios for 154...

We review prior empirical studies that investigate the effect of audit committee characteristics on audit report lag and provide insights about this corpus of scholarly literature. We also determine whether these audit committees’ compositional features are associated with audit report lag in the context of an emerging market (Greece). Using a uniq...

This study examines the effect of board size on the economic impact of bank mergers and acquisitions (M&A) in the US. Using a hand-collected dataset of 508 M&A between 2012 and 2018, we find that board size is negatively related to acquirer excess returns. In an additional analysis, we show that large boards have positive value implications for ban...

This study explores the association between board gender diversity (BGD) and Corporate Social Performance (CSP). Using a unique sample of the top 81 non-financial European companies, we applied generalized method of moments (GMM) estimators for panel vector autoregressive regression (PVAR) models, to analyze the dynamic causal relationships between...

We explore the association between board gender diversity and shareholder value creation. Specifically, we investigate the impact of gender diversity on the economic impact of bank mergers and acquisitions (M&A). We employ a multi-year sample of M&A announced by European listed banks and find that: (i) the presence of women on the board of director...

Purpose – This study reviews post-2009 literature on public sector internal auditing (IA) and addresses three interrelated research questions (RQ): How is research on the public sector IA being developed? What are the focus and criticisms of the literature on public sector IA? What is the future of public sector IA research? Design/methodology/appr...

Purpose: This study aims to examine the perceptions of Certified Public Accountants (CPAs) regarding the impact of the pandemic on their profession, focusing on differences which derive from their working experience, gender and employer Design/ Methodology/ Approach: A questionnaire survey was carried out to CPAs working in Greece during the perio...

The aim of this paper is twofold. Firstly, to illustrate the connection between corporate governance and (strategic) management and secondly to explore their inter-relationship. Our analysis indicates that although corporate governance and management are two separate fields, their structures/shapes are intersected at the strategic management level....

Strengthening the audit committee is an increasingly important element in the agenda of academics, practitioners and policy-makers in their effort to improve the quality of financial information and to promote audit quality. In this research, we examine the relationship between audit committee characteristics and audit and non-audit fees paid to au...

Purpose This study aims to investigate the factors associated with the implementation of risk-based internal audit (RBIA). Design/methodology/approach As a first step, a literature review of the relevant literature is performed and five potential factors related to the implementation of RBIA are identified. Based on that, this paper constructs a q...

Policy-makers currently place great emphasis on strengthening the audit committees’ structure. Underlying this is a belief that strengthening the audit committees’ structure may enhance the effectiveness as well as the quality of financial information. In this research, we examine the relationship between audit committee characteristics (number of...

We explore the effect of the presence of female directors in boards of directors on the economic impact of bank mergers and acquisitions (M&As). Using a unique, hand‐collected dataset on 1,130 M&As announced by U.S. banks between 2003 and 2018, we find a significant negative relationship between female board membership and shareholder wealth after...

Purpose The purpose of this paper is to investigate the wealth implications of bank mergers and acquisitions (M&As) in the unique Greek setting given the triple crisis phenomenon – banking, sovereign debt and economic crises – that prevailed after the global financial crisis. Design/methodology/approach The study examines bank M&As and bank transa...

Purpose The purpose of this study is twofold: First, to assess the economic impact of Mergers and Acquisitions (M&As) on European acquiring firms from the beginning of the sixth merger wave onward. And second, to investigate the effect of CG mechanisms such as board size, voting rights and anti-takeover provisions (ATPs) on acquirers’ gains, along...

This methodological paper highlights the differences and the resulting implications from the application of the three most commonly applied weighting index methods to measuring corporate governance quality at an aggregate level: the Dichotomous; the partial compliance (PC) unweighted; and the Experts’ methods. In particular, first, we demonstrate h...

Special Issue on: ”Connecting the Dots between Management and Governance: A Comparative Corporate Governance Mechanism” Guest Editors: Dr. Michail Nerantzidis, Hellenic Open University, Greece Prof. Kiymet Tunca Çaliyurt, Trakya University, Turkey The purpose of this special issue will be to contribute to comparative corporate governance dynamics a...

Despite the fact that there has been an increasing interest in literature regarding the importance of corporate codes of conduct (COC) over the last decades, there has also been a paucity of research examining the quality of these codes. This study develops a rating model and evaluates the intrinsic quality of such codes on the Greek context. Using...

Purpose The purpose of this study is to review the prior empirical studies that investigate the corporate governance (CG) determinants and provide a synopsis, and explore the main factors that drive the level of CG disclosure in the Greek context. Design/methodology/approach The authors perform an extensive review of the relevant literature and id...

Corporate Governance: The international journal of business in society is pleased to invite papers for a special issue on “Enhancing financial reporting: challenges and opportunities in corporate governance statements”.

Purpose The purpose of this paper is to look inside the “black box” in corporate governance (CG) measurement, and shed some light on how to construct a transparent, reliable and valid index, considering equally both the academics and practitioners’ perspectives. Design/methodology/approach A synthesized literature review is presented and a CG inde...

Purpose – The main purpose of this paper is to examine (i) the extent of Combined code (2010) impact in the Greek soft law (SEV code, 2011) and (ii) the adoption of an overlapping set (between the two codes) of best practice provisions in Greece. Design/methodology/approach – Content analysis was conducted, in order to examine the similarities betw...

Purpose – The purpose of this paper is to examine the extent of Combined code (2010) impact in the Greek soft law (SEV code, 2011) and the adoption of an overlapping set (between the two codes) of best practice provisions in Greece. Design/methodology/approach – Content analysis was conducted to examine the similarities between the UK’s Combined c...

Purpose – This paper provides evidence regarding the efficacy of the “comply or explain” approach in Greece and has three objectives: to improve our knowledge of the concept of this accountability mechanism, to elevate auditors’ potential role in the control of corporate governance (CG) statements and to contribute to the discussion about the refor...

The purpose of this study is to examine the intellectual capital disclosure (hereafter: ICD) among the Greek listed companies and compare this level of disclosure among companies of different sector and capitalisation. For this reason, a content analysis of 49 companies' annual reports was firstly conducted, in order to examine the ICDs frequency p...

Purpose - The recent economic crisis of Greece has caused very high mobility both at a state level by imposing a new Greek regulation in capital market and at a level of associations in Greece by recommending new voluntary codes on corporate governance (CG). Both the new economic conditions in the world economy after the global financial crisis of...

This paper investigates the market’s reaction to insider transactions and analyzes whether the reaction depends on the firm’s ownership structure for companies listed on the Athens Stock Exchange over the interval September 2000 through June 2005. Using event-study methodology, we found that there is a strong positive (negative) market reaction to...

The aim and purpose of this paper is to present the authors‟ viewpoints regarding three misguided beliefs concerning Intellectual Capital (IC); (i) IC definition, (ii) IC categorization and (iii) IC reporting framework. More specifically, due to the fact that general agreement on these aspects of IC does not exist, a review of the literature is pro...

This paper contributes to our understanding the quality of compliance and non-compliance with best practices of corporate governance. Specifically, the level of compliance with SEV code, as well as the content of the explanations provided for non-compliance, are rated. Using a sample of 144 Greek listed companies on the Athens Stock Exchange, I fou...

This study contributes to the understanding of Corporate Governance term by using content analysis on twenty two definitions, dated from 1992 to 2010. We developed a six-dimensional framework and we calculated the frequency count using Internet search engine. Our results reveal that the more used definitions are the narrower (those of two or three...

This study contributes to the understanding of Corporate Governance term by using content analysis on twenty two definitions, dated from 1992 to 2010. We developed a six-dimensional framework and we calculated the frequency count using Internet search engine. Our results reveal that the more used definitions are the narrower (those of two or three...

Όπως η απαρχή κάθε οικονομικής κρίσης αποτελεί το προοίμιο μιας δυσοίωνης οικονομικής κατάστασης έτσι και κάθε έξοδος αποτελεί το προοίμιο μιας οικονομικής μεγέθυνσης. Και πράγματι η Ελλάδα εντούτοις βρίσκεται στην κατακλείδα της οικονομικής της ανάπτυξης προμηνύοντας δυσάρεστες προβλέψεις. Σχεδόν τέσσερις δεκαετίες μετά τη Μεταπολίτευση, η Ελληνικ...