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Towards an Understanding of the Phases of Goodwill Accounting in Four Western Capitalist Countries: From Stakeholder Model to Shareholder Model
Ding, Yuan; Richard, Jacques; Stolowy, Hervé - HAL - 2008
The objective of this paper is to illustrate that the change in shareholders' attitude towards firms (from stakeholder model to shareholder model) influences the accounting treatments of goodwill. Our study is based on four countries (Great Britain, the United States, Germany, and France) and...
Persistent link: https://www.econbiz.de/10009151311
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An empirical analysis of policy coordination in the United States, Japan and Europe
Edison, Hali J.; Tryon, Ralph - Federal Reserve Board (Board of Governors of the … - 1986
Coordination of macroeconomic policy has been a major topic at recent summit meetings, and has been the subject of a number of theoretical studies. However, relatively little empirical research exists on policy coordination. This paper is an attempt to help fill this gap. The paper considers the...
Persistent link: https://www.econbiz.de/10005372624
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Why is the gender wage gap in Japan so large compared with France? : a comparison based on decomposition analysis
Hori, Haruhiko; Nohara, Hiroatsu - HAL - 2006
countries : France, an industrialized country where the disparities between sexes are outstandingly small, and Japan, where they … are particularly large. It is also proposed to explore the reasons why the male/female wage gap is so large in Japan in … markets in Japan and France. When it comes to the gender wage gaps, it is necessary to take the general structure of wages and …
Persistent link: https://www.econbiz.de/10008790464
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Liquidity Squeeze, Abundant Funding and Macroeconomic Volatility
Kharroubi, Enisse - Bank for International Settlements (BIS) - 2015
This paper studies the choice between building liquidity buffers and raising funding ex post, to deal with liquidity … shocks. We uncover the possibility of an inefficient liquidity squeeze equilibrium. Agents typically choose to build smaller … liquidity buffers when they expect cheap funding. However, when agents hold smaller liquidity buffers, they can raise less …
Persistent link: https://www.econbiz.de/10011210514
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Rediscovering the macroeconomic roots of financial stability policy: journey, challenges and a way forward
Borio, Claudio - Bank for International Settlements (BIS) - 2011
The recent financial crisis has triggered a major rethink of analytical approaches and policy towards financial stability. The crisis has encouraged a sharper focus on systemic risk, the inclusion of a financial sector in macroeconomic models, a shift from a microprudential to a macroprudential...
Persistent link: https://www.econbiz.de/10009320630
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The financial turmoil of 2007-?: a preliminary assessment and some policy considerations
Borio, Claudio - Bank for International Settlements (BIS) - 2008
The unfolding financial turmoil in mature economies has prompted the official and private sectors to reconsider policies, business models and risk management practices. Regardless of its future evolution, it already threatens to become one of the defining economic moments of the 21st century....
Persistent link: https://www.econbiz.de/10005127685
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Monetary policy, risk-taking channel and income structure: an empirical assessment of the French banking system
Eid, Samer - HAL - 2011
of assets, income and cash flows, or the abundant liquidity at a low cost. This paper studies the risk behavior of the …
Persistent link: https://www.econbiz.de/10010898454
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Transition to Equilibrium in International Trades
Giraud, Gaël; Rochon, Céline - HAL - 2010
Theory of Money holds provided the economy is not trapped in a liquidity hole. The traditional theory of comparative …
Persistent link: https://www.econbiz.de/10010635004
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International cross-listing, firm performance and top management turnover: a test of the bonding hypothesis
Lel, Ugur; Miller, Darius P. - Federal Reserve Board (Board of Governors of the … - 2006
We examine a primary outcome of corporate governance, the ability to identify and terminate poorly performing CEOs, to test the effectiveness of U.S. investor protections in improving the corporate governance of cross-listed firms. We find that firms from weak investor protection regimes that...
Persistent link: https://www.econbiz.de/10005368296
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Corporate governance and the shareholder base
Lins, Karl V.; Warnock, Francis E. - Federal Reserve Board (Board of Governors of the … - 2004
This paper uses a sample of 4,410 firms from 29 countries to investigate the relation between corporate governance and the shareholder base. In contrast to previous work, our results strongly support the notion that poor corporate governance, at both the firm and country level, negatively...
Persistent link: https://www.econbiz.de/10005368318