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CUESTIONES ESTADÍSTICAS SOBRE MODELOS Y CONTRASTES DE AJUSTES POR DEVENGO ANORMALES

Poveda, Francisco - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2001

During the nineties, the main issue in earnings management research has beenfocused on models¿ specification to estimate the abnormal component of accruals buttoday it does not exist a generalised consensus about current models. In this paper, wepresent an analysis of statistic and econometric...

Persistent link: https://www.econbiz.de/10005731165

THE MEASUREMENT OF COMPLIANCE WITH INTERNATIONAL ISA700: THE CASE OF AUDIT REPORTS PUBLISHED BY THE BIG ACCOUNTING FIRMS IN TUNISIA

Pucheta, María Consuelo; Fakhfakh, Mondher - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2005

international auditing firms. It measures the compliance of these reports with elements enumerated by International standard on … auditing (ISA700). To reach this objective, an empirical study has been conducted based on an analysis of 42 audit reports … published in the Tunisian context. The results show that in Tunisia audit reports issued by the international auditing firms are …

Persistent link: https://www.econbiz.de/10005731255

NUEVO ENFOQUE EN LA ESTIMACIÓN DE LOS AJUSTES POR DEVENGO ANORMALES: UN MODELO DESAGREGADO

Poveda, Francisco - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2003

A fundamental question about the analysis of financial information is the potential manipulations that could be introduced by insiders in the information that is revealed to investors. In this context, this article is focused on the analysis of abnormal accruals as a potential instrument to...

Persistent link: https://www.econbiz.de/10005212545

EL GOBIERNO CORPORATIVO Y LAS PRACTICAS DE EARNINGS MANAGEMENT: EVIDENCIA EMPIRICA EN ESPAÑA

Albornoz, Belén Gill de; Osma, Beatriz García - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2005

We test whether corporate governance mechanisms promoted by best practice codes are effective in constraining earnings manipulation in Spain, as previously documented in the US and the UK. We show that to a certain extent an Anglo-Saxon model of corporate governance may turn out to be a failure...

Persistent link: https://www.econbiz.de/10005515822

EARNINGS MANAGEMENT AS AN EXPLANATION OF THE EQUITY ISSUE PUZZLE

Pastor, María Jesús; Poveda, Francisco - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2005

The poor stock price performance of firms that raise capital through seasoned equity offerings is one of the recent puzzles in financial literature. In this study we investigate whether pre-issue earnings management can explain these results for rights issues in Spain. Consistent with this...

Persistent link: https://www.econbiz.de/10005515940

SENSITIVITY ANALYSIS OF EFFICIENCY AND MALMQUIST PRODUCTIVITY INDICES: AN APPLICATION TO SPANISH SAVINGS BANKS

Ausina, Emili Tortosa - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2002

Hypothesis testing and statistical precision in the context of nonparametric efficiency and productivity measurement have been investigated since the early 1990s. Recent contributions focus on this matter through the use of resampling methods?i.e., bootstrapping techniques. However, empirical...

Persistent link: https://www.econbiz.de/10005212541

-CONVERGENCE IN EFFICIENCY OF THE SPANISH BANKING FIRMS AS DISTRIBUTION DYNAMICS

Ausina, Emili Tortosa - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1999

During the last fifteen years the competitive conditions under which Spanish banking firms operate have become much tighter. Deregulation has affected both banks and savings banks, allowing them to expand geographically and to choose a less regulation-conditioned output mix.This paper analyzes...

Persistent link: https://www.econbiz.de/10005212549

-BANK COST EFFICIENCY AS DISTRIBUTION DYNAMICS: CONTROLLING FOR SPECIALIZATION IS IMPORTANT

Ausina, Emili Tortosa - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1999

This paper analyzes the dynamics of cost efficiency scores in the Spanish banking industry during the period 1985-1995 and asks how such dynamics are influenced by specialization. Efficiency has been estimated through a nonparametric approach, and a model of distributions dynamics has been...

Persistent link: https://www.econbiz.de/10005515814

LIQUIDITY AND INFORMATION AROUND ANNUAL EARNINGS ANNOUNCEMENTS: AN INTRADAY ANALYSIS OF THE SPANISH STOCK MARKET

Abad, David; Yagüe, José; Sanabria, Sonia - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2005

This paper analyses the intraday reaction of the Spanish market to annual earnings announcements. Specifically, we examine the levels of stock liquidity, trading activity, volatility, and asymmetric information, as well as the order placement strategy around earnings disclosures. We also analyse...

Persistent link: https://www.econbiz.de/10005515848

El balance actuarial como indicador de la solvencia del sistema de reparto

Penas, María del Carmen Boado; Meliá, Carlos Vidal- - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2008

The aim of this work is twofold: on the one hand, to demonstrate the utility of the actuarial balance as an element of transparency, an indicator of the solvency, sustainability and financial solidity of the pay-as-you-go system and a tool capable of providing positive incentives to improve the...

Persistent link: https://www.econbiz.de/10005515854