Wall Street as Community of Fate: Toward Financial Industry Self
... failure to resolve many important issues because it left many key policy choices to the discretion of regulatory agencies. See, e.g., Stacy Kaper, Now for the Hard Part: Writing All the Rules, AM. BANKER, July 22, 2010, at 1 (“[R]egulators must flesh out the details of a host of highly complex requi ...
... failure to resolve many important issues because it left many key policy choices to the discretion of regulatory agencies. See, e.g., Stacy Kaper, Now for the Hard Part: Writing All the Rules, AM. BANKER, July 22, 2010, at 1 (“[R]egulators must flesh out the details of a host of highly complex requi ...
Chapter 02 - Test bank
... 29. The audit of the financial reports of Matilda Ltd had been completed except for the outcome of a material contingent liability that is still subject to the outcome of a court decision. The case is still ongoing but it is expected that a decision will be made after three months. The deadline for ...
... 29. The audit of the financial reports of Matilda Ltd had been completed except for the outcome of a material contingent liability that is still subject to the outcome of a court decision. The case is still ongoing but it is expected that a decision will be made after three months. The deadline for ...
The Information Contents of Auditor Change in Financial Distress
... and Shields (1989, 1991) support this view and additionally show that concealing negative information could simultaneously increase the information risk of capital market participants. Given that strategic auditor behavior has been suggested as a possible explanation for the empirical results, the c ...
... and Shields (1989, 1991) support this view and additionally show that concealing negative information could simultaneously increase the information risk of capital market participants. Given that strategic auditor behavior has been suggested as a possible explanation for the empirical results, the c ...
Towards a framework for calibrating macroprudential leverage limits
... lever up and increase an institution’s vulnerability to unplanned corrective measures such as fire sales.98 Also, since market participants can enter into certain derivative contracts at little cost, there is an incentive to increase leverage synthetically to multiply gains, at the risk of magnifyin ...
... lever up and increase an institution’s vulnerability to unplanned corrective measures such as fire sales.98 Also, since market participants can enter into certain derivative contracts at little cost, there is an incentive to increase leverage synthetically to multiply gains, at the risk of magnifyin ...
The Role of Private International Financial Capital Flows in Support
... and privatization of public activities. Many proponents of market fundamentalism attained prominent roles in policy forming entities of governments, supra-national organizations (the IMF and the World Bank) as well as multinational corporations. Neoliberalism in the 1980s also ushered in a period of ...
... and privatization of public activities. Many proponents of market fundamentalism attained prominent roles in policy forming entities of governments, supra-national organizations (the IMF and the World Bank) as well as multinational corporations. Neoliberalism in the 1980s also ushered in a period of ...
International Accounting Standards and Value Relevance of Book
... (BVPS) and Earnings (EPS).Value relevance, the ability of accounting information to explain changes in the share prices (usefulness in stock valuation), is assumed to be affected by change in accounting standards, as evident in literature. Worldwide increasing importance and adoption of IAS/IFRSs by ...
... (BVPS) and Earnings (EPS).Value relevance, the ability of accounting information to explain changes in the share prices (usefulness in stock valuation), is assumed to be affected by change in accounting standards, as evident in literature. Worldwide increasing importance and adoption of IAS/IFRSs by ...
Immigrants’ Access to Financial Services & Asset Accumulation
... 2000) and the role of information networks (Hong, Kubik and Stein, 2004). However, other studies argue that time and risk preferences (see Brimmer, 1998, for example) play a dominant role. The large gap in financial market participation between immigrants and the native-born suggests that transactio ...
... 2000) and the role of information networks (Hong, Kubik and Stein, 2004). However, other studies argue that time and risk preferences (see Brimmer, 1998, for example) play a dominant role. The large gap in financial market participation between immigrants and the native-born suggests that transactio ...
Economics of Money, Banking, and Financial Markets, 8e
... 10) Typically, borrowers have superior information relative to lenders about the potential returns and risks associated with an investment project. The difference in information is called ________, and it creates the ________ problem. A) adverse selection; moral hazard B) asymmetric information; ris ...
... 10) Typically, borrowers have superior information relative to lenders about the potential returns and risks associated with an investment project. The difference in information is called ________, and it creates the ________ problem. A) adverse selection; moral hazard B) asymmetric information; ris ...
The Financial Intermediation Premium in the Cross Section of Stock
... matching mechanisms between banks and firms for credit provision. In contrast to his work, this paper studies the asset pricing implications of the matching between firms and banks, taking the existing lending relationships as given. My paper is close in spirit to the recent work of Philippon (2015) ...
... matching mechanisms between banks and firms for credit provision. In contrast to his work, this paper studies the asset pricing implications of the matching between firms and banks, taking the existing lending relationships as given. My paper is close in spirit to the recent work of Philippon (2015) ...
Taxonomy Process
... concurrent with the FASB’s proposed and final ASUs lessen the timing issues between a registrant’s adoption of GAAP updates and consequential changes to the Taxonomy? Question 8: Should the FASB Taxonomy staff replace the current annual 60-day comment period for the proposed Taxonomy Update with a ...
... concurrent with the FASB’s proposed and final ASUs lessen the timing issues between a registrant’s adoption of GAAP updates and consequential changes to the Taxonomy? Question 8: Should the FASB Taxonomy staff replace the current annual 60-day comment period for the proposed Taxonomy Update with a ...
Loved Ones Matter: Family Effects and Stock
... positive portfolio outcomes in a community, but are not affected by increasing proportions of portfolios with negative outcomes. These results support the findings in Kaustia and Knüpfer (2012) in that positive stock market outcome experiences are more likely to be shared within the community than n ...
... positive portfolio outcomes in a community, but are not affected by increasing proportions of portfolios with negative outcomes. These results support the findings in Kaustia and Knüpfer (2012) in that positive stock market outcome experiences are more likely to be shared within the community than n ...
