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Assessing the solvency of virtual asset service providers: Are current standards sufficient?
Saggese, Pietro; Segalla, Esther; Sigmund, Michael; … - 2023
Centralized cryptocurrency exchanges, which manage annual trading volumes on the scale of trillions of US dollars worldwide, are classified as virtual asset service providers (VASPs). They facilitate the exchange, custody, and transfer of cryptoassets organized in wallets across distributed...
Persistent link: https://www.econbiz.de/10014476145
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Disclosure Regulation, Corruption, and Investment: Evidence from Natural Resource Extraction
Rauter, Thomas - 2019
I examine how mandatory disclosure of fiscal payment information in developed countries affects fiscal revenue contributions and investments by multinational firms in less developed countries. In Europe and Canada, extractive firms have to publicly disclose their payments to foreign host...
Persistent link: https://www.econbiz.de/10013342558
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Blockchains, Real-Time Accounting and the Future of Credit Risk Modeling
Byström, Hans - 2016
improved trust and timing associated with blockchain-enabled real-time accounting could improve default prediction. To … Z-scores and Merton distances to default computed using typical accounting data of today to the same risk measures …
Persistent link: https://www.econbiz.de/10013208748
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The Role of the Tripartite Audit Function in Securing Corporate Accountability
Porter, Brenda - 2012
This paper explores the questions of why corporate accountability arises and how it is discharged. It explains the relationship between corporate governance and accountability and the role of the audit function in securing corporate accountability. It also provides insights into changes...
Persistent link: https://www.econbiz.de/10013107304
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Financialization made in Germany: A review
Detzer, Daniel - 2019
This article examines the spread of financialization in Germany before the financial crisis. It provides an up-to date overview on the literature on financialization and reviews which of the phenomena typically associated with financialization have emerged in Germany. In particular, the article...
Persistent link: https://www.econbiz.de/10012061719
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International financial reporting standards and earnings Quality: the myth of voluntary vs. mandatory adoption
Günther, Nina; Gegenfurtner, Bernhard; Kaserer, Christoph - 2009
that incentives to voluntarily adopt IFRS did not unambiguously dominate accounting standards in determining earnings …We revisit evidence whether incentives or IFRS drive earnings quality changes, analyzing a large sample of German firms … influenced the decision to voluntarily adopt IFRS. However, regardless of the decision to voluntarily adopt IFRS, we find that …
Persistent link: https://www.econbiz.de/10010305717
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Does the introduction of IFRS change the timeless of loss recognition? Evidence from German firms
Brauer, Sebastian; Leuschner, Carl-Friedrich; … - 2011
In this paper, we re-evaluate the hypothesis that the introduction of the IFRS has an impact on the timeliness of loss … recognition. We test this hypothesis in a data set of public German firms that report according to German-GAAP and IFRS …, respectively. The parallel use of the two accounting standards in Germany provides a unique opportunity to contribute to the …
Persistent link: https://www.econbiz.de/10010289303
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Suppliers, Investors, and Equity Market Liberalizations
Strieborny, Martin - 2013
Equity market liberalizations allow foreign investors to acquire ownership stakes in domestic firms. Previous research on the real impact of these events has therefore emphasized the interactions between firms and investors. This paper shows that cross-border equity flows also improve...
Persistent link: https://www.econbiz.de/10013208641
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The (Ir)relevance of Disclosure of Compliance with Corporate Governance Codes-Evidence from the German Stock Market
Nowak, Eric; Rott, Roland; Mahr, Till G. - Institut für Schweizerisches Bankwesen <Zürich> - 2006
This paper studies the short- and long-run announcement effects of declaring compliance with the German Corporate Governance Code (the Code). We examine a unique, hand-collected data set of 317 German listed firms from 2002-2005. First, we present evidence from an analysis of firms compliance...
Persistent link: https://www.econbiz.de/10005858374
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How Do Firms Manage Their Earnings Forecast Strategy? A New Zealand Study
Dunstan, Keitha L. - 2012
In contrast to the trend of research investigating why firms decide to release earnings forecasts to pre-empt any expected change in earnings, our study investigates how firms manage their earnings forecast strategy once they have decided to release earnings forecasts. Using a sample of 350...
Persistent link: https://www.econbiz.de/10013107302