В статье описываются исторические предпосылки возникновения процедуры due diligence; представляется краткая характеристика современного состояния рынка аудита и...

In an event study where at least some of the sample firms have their equity securities listed in more than one market, the question arises as to which is the most appropriate market (or markets) to use for the purpose of estimating mean abnormal returns. When arbitrage activity across these...

This paper connects three subjects related to international financial markets -- (i) information asymmetry, (ii) market segmentation, and (iii) cross-listings -- and highlights their implication for event study methodology. When firms list equities on more than one exchange, and the exchanges...

This paper connects three subjects related to international financial markets – (i) information asymmetry, (ii) market segmentation, and (iii) cross-listings – and highlights their implication for event study methodology. When firms list equities on more than one exchange, and the exchanges...

We study how Chinese private entrepreneurs benefit from participating in politics. Using original hand-collected data on listed firms controlled by private entrepreneurs, we document a significant positive relationship between political participation and change in firm performance. We also...

This paper deals with two issues. On the one hand, it shows that structural changes in financial markets and in the hedge funds industry make the ?light-touch? arguments for regulating hedge funds no longer relevant. On the other hand, pleas for stronger regulation of hedge funds are getting...

This paper develops a due diligence for electronic transactions with new partners in business networks with complex goods such as food products to enable the use of e-commerce potentials in first time transactions. The e-commerce due diligence is a means to reduce perceived risks and...