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Price informativeness and predictability: how liquidity can help

Lin, William; Tsai, Shih-Chuan; Sun, David - Volkswirtschaftliche Fakultät, … - 2008

Information asymmetry and liquidity concentration has been widely discussed in literatures. This study shows how … liquidity influences not only forecasting performances of term structure estimation, but also information transmission and price …, and provides a rationale for incorporating, liquidity in estimating term structure. Forecasting performance can be greatly …

Persistent link: https://www.econbiz.de/10009654214

Preparing for Basel IV: why liquidity risks still present a challenge to regulators in prudential supervision

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010

recent Basel Committee's initiatives, that is, Basel III. These two regulatory tools being capital and liquidity requirements … why the Basel Committee's liquidity requirements and present proposals aimed at addressing liquidity risks, still … Crisis, the paper will highlight how runs on banks are triggered by liquidity crises and that liquidity risks cannot be …

Persistent link: https://www.econbiz.de/10008777385

Bias in foreign equity portfolios: households versus professional investors

Giofré, Maela M. - Volkswirtschaftliche Fakultät, … - 2008

Non professional investors display a much higher degree of home bias than fiancial investors suggesting that they might be more severely a¤ected by information asymmetry issues. In particular, non professional investors, having less easily access to information on foreign firm-specific...

Persistent link: https://www.econbiz.de/10005836818

Is Cross-listing Associated with Stronger Executive Incentives? Evidence from China

Chi, Wei; Zhang, Haiyan - Volkswirtschaftliche Fakultät, … - 2008

This study examines whether firms incorporated in mainland China benefit from cross-listing in Hong Kong, China. The Hong Kong Stock Market has more stringent governance rules and a better investor protection than the mainland market. Hong Kong companies generally provide strong incentives to...

Persistent link: https://www.econbiz.de/10005621936

Cross Country Linkages as Determinants of Procyclicality of Loan Loss Provisions – Empirical Importance of SURE Specification

Olszak, Małgorzata; Pipień, Mateusz - Volkswirtschaftliche Fakultät, … - 2013

Procyclicality in banking may result in financial instability and therefore be destructive to economic growth. The sensitivity of different banking balance sheet and income statement variables to the business cycle is diversified and may be prone to increasing integration of financial markets....

Persistent link: https://www.econbiz.de/10011259964

Earnings management surrounding CEO turnover: evidence from Korea

Choi, Jong-Seo; Kwak, Young-Min; Choe, Chongwoo - Volkswirtschaftliche Fakultät, … - 2012

This article examines the empirical relation between CEO turnover and earnings management in Korea using a sample of 317 CEO turnovers and 634 non-turnover control firms during the period of 2001-2008. We classify CEO turnovers into four types depending on whether the departure of outgoing CEO...

Persistent link: https://www.econbiz.de/10011260003

Ownership structures, corporate governance and earnings management in the European Oil Industry.

Greco, Giulio - Volkswirtschaftliche Fakultät, … - 2012

In this paper we investigate the impact of corporate governance and ownership structure variables on earnings management in the European oil industry. We used quarterly data and a panel data methodology. The findings show non-linear relationships among institutional investors ownership and...

Persistent link: https://www.econbiz.de/10009654237

Good Corporate Governance And Earnings Management Practices: An Indonesian Cases

murhadi, werner R. - Volkswirtschaftliche Fakultät, … - 2009

This research is done for the purpose of finding out the effect of Good Governance practice can reduce earnings management practice done by company. This research uses companies registered in manufacture sector in Indonesia Stock Exchange observation period 2005-2007 as samples. Last sample used...

Persistent link: https://www.econbiz.de/10008534549

Earnings Management and Contest to the Control: An Analysis of European Family Firms

Jara-Bertin, Mauricio; López-Iturriaga, Félix J. - Volkswirtschaftliche Fakultät, … - 2008

This paper analyzes the influence of large shareholders on earnings management in family-owned firms using a sample of firms from 11 European countries. We consider how the contest to the control of the largest shareholder and the existence of a controlling coalition in family-owned firms affect...

Persistent link: https://www.econbiz.de/10005619294

Firm Ownership Type, Earnings Management and Auditor Relationships: Evidence from India

Ghosh, Saibal - Volkswirtschaftliche Fakultät, … - 2010

Using data on Indian listed companies for 2005, the paper examines how firm ownership relates to auditor choice. More specifically, we test several hypotheses about the links between firm ownership, auditor relationships and earnings management. The results indicate that firms having high...

Persistent link: https://www.econbiz.de/10009001178

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