This paper provides evidence on the use of discount rates for calculating defined benefit liabilities (DBL), and their impact on value relevance and audit fees for Australian listed companies between 2011 and 2016. We document that the average discount rate is 3.96% but the yearly...

This study aims to investigate the remarkable rise and fall of structured finance by emphasising the role of complexity. This study first examines how structured finance become more complicated over the last two decades. Complexity in structured finance arises from the pooling of assets, the...

This paper presents the direct vs. indirect debate of hedge fund regulation and attempts to find which approach is better able to mitigate systemic risk that the industry poses to the economy. The waves of regulatory reforms and enhanced concern regarding investors protection have recently...