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Optimal design and consequences of financial disclosure regulation: a real options approach
Waters, James - Volkswirtschaftliche Fakultät, … - 2015
This paper examines the optimal design and consequences of financial disclosure regulation. Our model represents the … regulation as creating a real option for an investor to delay investment until information is disclosed. We find conditions on … investment opportunities that ensure that regulation raises or lowers investor profits. We also find that investment typically …
Persistent link: https://www.econbiz.de/10011234838
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Bank regulation, supervision and efficiency during the global financial crisis
Swamy, Vighneswara - Volkswirtschaftliche Fakultät, … - 2014
In this study, using the World Bank’s Bank Regulation and Supervision Survey (BRSS) data, we draw insights about the … bank regulatory/supervisory styles, illustrate the differences in regulation/supervision among crisis, non-crisis and BRICS … countries, and highlight the ways in which bank regulation and supervision has changed during the crisis period. The study …
Persistent link: https://www.econbiz.de/10011113271
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The Psychological Attraction Approach to Accounting and Disclosure Policy
Hirshleifer, David; Teoh, Siew Hong - Volkswirtschaftliche Fakultät, … - 2009
We offer here the psychological attraction approach to accounting and disclosure rules, regulation, and policy as a … in reporting and disclosure regulation and policy, which can exacerbate boom/bust patterns in financial markets. …
Persistent link: https://www.econbiz.de/10005835730
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Enhancing the reliability of performance measures in empirical based research: leverage ratios and theoretical based research
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2015
As well as incorporating and exploring the role of formal analytical methods as a means of highlighting and discovering foundational and fundamental strategy issues, such as the determinants/causes of performance differences between banking institutions and other corporate structures across...
Persistent link: https://www.econbiz.de/10011156981
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Share repurchases, signaling effect and implications for corporate governance: Evidence from India
Reddy, Kotapati Srinivasa; Nangia, Vinay Kumar; … - Volkswirtschaftliche Fakultät, … - 2013
It is worth mentioning that a great deal of financial liberalization, privatization and internationalization policies in emerging economies have significantly increased the corporate restructuring activities like mergers, acquisitions, share repurchases, and stock splits, among others. Indeed,...
Persistent link: https://www.econbiz.de/10011110702
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The government-taxpayer game
Carfì, David; Fici, Caterina - Volkswirtschaftliche Fakultät, … - 2012
In this paper, we model - quantitatively – a possible realistic interaction between a tax-payer and his Government. We formalize, in a general setting, this strategic interaction. Moreover, we analyze "completely" a particular realistic sample of the general model. We determine the entire...
Persistent link: https://www.econbiz.de/10011259328
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Regulatory capital determination and Its implications for internal ratings-based credit risk model development and validation
Cao, Honggao - Volkswirtschaftliche Fakultät, … - 2012
Focusing on the interconnections between the Basel regulatory capital formula and several well-specified statistical models, this working paper seeks to understand some of the important issues embedded in the Basel Accord. These include: Where does this formula come from? What risks does it try...
Persistent link: https://www.econbiz.de/10011260179
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Forecasting the role of public expenditure in economic growth Using DEA-neural network approach
Amiri, Arshia; Ventelou, Bruno - Volkswirtschaftliche Fakultät, … - 2011
This paper integrates data envelopment analysis (DEA) and artificial neural networks (ANN) to forecast the role of public expenditure in economic growth in OCDE countries. The results show that this approach is a powerful and appropriate method to forecast this role. DEA method allows us to...
Persistent link: https://www.econbiz.de/10009328132
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String of defaults: Spanish financial crises through the years
Shachmurove, Tomer; Shachmurove, Yochanan - Volkswirtschaftliche Fakultät, … - 2011
regulation, credit institutions, budget deficits, the political climate, and international trade have been important determinants …
Persistent link: https://www.econbiz.de/10009418511
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Challenges to Solvency II Reform in Insurance Industry
Ramosaj, Berim - Volkswirtschaftliche Fakultät, … - 2010
Insurance Industry is going through a very important stage of its transformation - the transition from the classical system of management into a risk-based management. These changes were launched in Europe by international organizations which deal with the development of the necessary...
Persistent link: https://www.econbiz.de/10008728065