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The monetary unit assumption of financial accounting assumes a stable currency (i.e., constant purchasing power over time). Yet, even during periods of low inflation or deflation, nominal financial statements violate this assumption. I posit that, while the effects of inflation are not...
Persistent link: https://www.econbiz.de/10011114513
the industry they operate in. We find that firm level information appears to be used as a gauge for transition risk, in …
Persistent link: https://www.econbiz.de/10013271146
different levels of information. Technically our model represents a stochastic differential game with anticipative strategy sets … of information asymmetry. Furthermore we study in how far the asymmetry in the level of information influences Nash …-equilibria and general welfare. We show that under certain conditions in a competitive environment an increased level of information …
Persistent link: https://www.econbiz.de/10005790283
This paper aims to explore the relevance of the Theory of Argumentation TA in the complex area of financial reporting. Specifically, we investigated the scope of the phenomenon of persuasion in advertising. It examines advertisements in publications notable economic movement in Colombia. The...
Persistent link: https://www.econbiz.de/10008547907
This paper aims to explore the relevance of the Asymmetric Information and the Theory of Argumentation TA in the …
Persistent link: https://www.econbiz.de/10011123536
This paper aims to explore the relevance of the Asymmetric Information and the Theory of Argumentation TA in the …
Persistent link: https://www.econbiz.de/10011111296
operate in disequilibrium,search and information costs become very important.Trafficking in drugs taken as case, to explore …
Persistent link: https://www.econbiz.de/10009422026
The financial crisis has highlighted the need for models that can identify counterparty risk exposures and shock transmission processes at the systemic level. We use the euro area financial accounts (flow of funds) data to construct a sector-level network of bilateral balance sheet exposures and...
Persistent link: https://www.econbiz.de/10003969268
CDS markets becoming more sensitive to systematic risk while cash bond markets priced in more information about liquidity …
Persistent link: https://www.econbiz.de/10003963752
We study the information flow from the ECB on policy dates since its inception, using tick data. We show that three …
Persistent link: https://www.econbiz.de/10012009157