Showing 1 - 10 of 287
Using California ballot proposition returns and exogenous shifts to labor demand, we provide the first large-scale causal evidence of the impact of economic conditions on policy preferences. Consistent with economic theory, we find that positive economic shocks decrease support for...
Persistent link: https://www.econbiz.de/10012464554
Much recent work in strategy and popular discussion suggests that an excessive focus on "managing the numbers" --delivering quarterly earnings at the expense of longer term investments--makes it difficult for firms to make the investments necessary to build competitive advantage. "Short termism"...
Persistent link: https://www.econbiz.de/10012462289
This study examines the tax reporting consequences of financial reporting discretion. Using a matched sample of financial statements with tax returns, I provide estimates of the accuracy of tax return information inferred from financial statements. To examine the tradeoffs between financial and...
Persistent link: https://www.econbiz.de/10012465355
Managers appear to manipulate firm earnings when they characterize pension assets to capital markets and alter investment decisions to justify, and capitalize on, these manipulations. We construct a measure of the sensitivity of reported earnings to the assumed long-term rate of return on...
Persistent link: https://www.econbiz.de/10012468150
Earnings are the flow of value created by corporations. I concentrate on the concept called EBITDA earnings before interest, taxes, depreciation, and amortization. This measure captures the results of the substantive non-financial activities of corporations and corresponds to the rental price of...
Persistent link: https://www.econbiz.de/10012468544
macroeconomic and bank regulatory reform. Bank regulatory policy promoted privatization, financial liberalization, and free entry …. Argentina's bank regulatory system now is widely regarded as one of the two or three most successful among emerging market …
Persistent link: https://www.econbiz.de/10012471046
studying bank-specific data on lending by domestically- and foreign-owned banks in Argentina and Mexico. We find that foreign …. Overall, these findings suggest that bank health, and not ownership per se, is the critical element in the growth, volatility …, and cyclicality of bank credit. Diversity in ownership appears to contribute to greater stability of credit in times of …
Persistent link: https://www.econbiz.de/10012471047
We test three hypotheses regarding changes in supervisory toughness' and their effects on bank lending. The data …, affected bank lending. However, all of the measured effects are small, with 1% or less of loans receiving harsher or easier … classification, about 3% of banks receiving better or worse CAMEL ratings, and bank lending being changed by 1% or less of assets …
Persistent link: https://www.econbiz.de/10012471072
This paper investigates the impact on bank stock prices of emerging market currency crises and bailouts. The stock … events in countries experiencing a crisis. The paper uses the impact of the LTCM crisis on bank stock prices to put the …
Persistent link: https://www.econbiz.de/10012471245
operations of a large bank. Case studies of several branches were used to understand how and why the human resource management …'s performance. An important finding is that, even though all managers in this bank are given a formal set of human resource policies …
Persistent link: https://www.econbiz.de/10012471309