Purpose – The purpose of this paper is to locate the specific items from the financial statements that are responsible for the dirty surplus accounting flows and how important they are in its explanation. Design/methodology/approach – It is generally accepted that some country accounting...

By definition, Savings Banks form part of what is known as the social economy, so their investment policies must logically comply with objective efficiency and other more subjective social criteria. However, at different moments in time, accusations have been launched against their investment...

Purpose – In this paper, the authors aim to analyze the impact of International Financial Reporting Standards' (IFRS) mandatory adoption on the financial statements of Spanish listed companies. Design/methodology/approach – The authors estimate a panel data model by generalized least...

trabajo analiza el Nuevo Acuerdo de Capitales del Banco Internacional de Pagos de Basilea, conocido como BIS-II, en lo relativo al riesgo de crédito con Pymes, riesgo país y riesgo operacional. Estudia los conceptos, clasificaciones y métodos de estimación propuesto por la norma, así como...

This paper explores the cross-sectional variation of expected returns for a large cross section of industry and size/book-to-market portfolios. We employ mixed data sampling (MIDAS) to estimate a portfolio’s conditional beta with the market and with alternative risk factors and innovations to...

Literature on the relationship between aid and inequality is scarce and contradictory. Most studies are based on dynamic panel data using internal instruments to deal with endogeneity. In addition to these techniques, this article introduces the persistency of inequality and a double-censored...