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In his Inquiry into the Nature and Causes of the Wealth of Nations Adam Smith (1776) considered the phenomenon of division of labor so enormously significant for the creation of a nation’s wealth that he devoted the first three chapters of his book to an investigation of this process. This is...
Persistent link: https://www.econbiz.de/10008596380
. (2002) that better investor protection results in higher firm valuations. It also is supportive of the theory of Glaeser …
Persistent link: https://www.econbiz.de/10011260290
The complexity of Basel II and III has reached China as well. In a revolutionary turn within seven years, the Chinese bank regulator has introduced capital adequacy as the tool of choice for supervision and ensured that banks in the process remain focused on implementing all the bits of the...
Persistent link: https://www.econbiz.de/10011260869
We examine changes in market values and accounting returns for a sample of publicly traded Chinese firms around announcements of block-share transfers among government agencies (“State Bureaucrats”), market-oriented State-owned enterprises (“MOSOEs”) and private investors (“Private...
Persistent link: https://www.econbiz.de/10005619712
We examine the wealth effects of three regulatory changes designed to improve minorityshareholder protection in the …
Persistent link: https://www.econbiz.de/10005622187
As well as consolidating on the existing literature on fair value accounting, by way of reference to jurisdictional analyses which include a focus on China, Japan, Brazil, and South Africa, this paper not only highlights why there is need for a re-think of the use of fair values as the primary...
Persistent link: https://www.econbiz.de/10011107937