think about information as well as market discipline and discuss policy implications and proposals for regulation. …The aim of this paper is to examine what has been the role of information provision to the market throughout the crisis …. We consider two main sources of information to the market, financial statements and information provided by credit rating …

pronounced for firms with weaker corporate governance or higher information asymmetry. Overall, our paper complements LaFond and … mitigate information risk and control for agency problems, and that shareholders benefit from it. …

Entstehen und den Verlauf der Finanzkrise dürfte in der Intransparenz moderner Kapitalmärkte liegen. Diese Intransparenz … Rechnungslegung mit dem Verlauf der Finanzkrise in Verbindung gebracht werden können. Der dritte Abschnitt dient der kritischen …

, which banking model makes the world safer? This article raises these issues. It shows that heterogeneity in the banking …

Financial regulation today is largely framed by traditional business categories. The financial markets, however, have … problems addressed by (but now beyond the reach of) current regulation, and the rise of new problems that reflect change in how ….S. approach to financial regulation, in light of recent changes in the financial system, and offer a tentative way to address gaps …

regulation. Since the collapse, regulatory reform efforts have aimed at strengthening the stability of the shadow banking system …

In 2007 the world faced one of the biggest financial crises ever. It was the third important financial crisis in the … worldwide political institutions to approve a more rigorous regulation on financial institutions and predict financial crises … EU regulation on credit rating agencies and current Basel II enhancements. Finally we can determine that most regulatory …

This paper presents a flexible, lattice-based structural credit risk model that uses equity market information and a …