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loss of competitiveness and irresponsible rise in sovereign debt for Greece. It is inferred that the EMU was ineffective in … for the European Financial Crisis, specifically with respect to Greece. This analysis will be driven by a trend analysis … Greek government. The ECB’s inability to enforce the Maastricht Criteria and independent fiscal policy, as well as Greece …
Persistent link: https://www.econbiz.de/10009468765
The renaissance of accounting-based valuation models in the 1990s has primarily been triggered by the analyses of … accounting information as at valuation date. The derivation of the so called 'other information' has not been specified by Ohlson …
Persistent link: https://www.econbiz.de/10009433705
The first public share issue in the PRC took place in 1994. By the early 21st century, in the space of less than two decades, the Chinese stock market has become the largest one in Asia, with the exception of Japan. Along with this rapid enlargement of the market, the Chinese stock trading...
Persistent link: https://www.econbiz.de/10009471788
This paper explores the differences that can exist between individual and aggregate loss guarantees in an environment … resources, e.g., bandwidth or buffer, required to ensure that all individual loss measures remain below their desired target …. This paper's contributions are in developing analytical models that enable the evaluation of individual loss probabilities …
Persistent link: https://www.econbiz.de/10009439223
provide micro evidence that the job search environment of unemployed workers is non-stationary because of loss of skills. …
Persistent link: https://www.econbiz.de/10009483252
Authors deal in the paper with evaluation of cost efficiency of farms in years 2006–2009 based on authors’ database of farms classified according to level of cost/revenue ratio. After expressive growth of production in 2007 the number of farms with decreasing volume of production increased....
Persistent link: https://www.econbiz.de/10011315769
While aggregate earnings should affect aggregate stock returns, standard portfolio theory predicts that the cross-sectional dispersion in firm-level earnings would not affect aggregate stock returns. Nonetheless, this paper demonstrates a surprisingly robust relation between cross-sectional...
Persistent link: https://www.econbiz.de/10009440958
This paper studies the effects of capacity utilization on accounting profit margins and stock returns. Since accounting …
Persistent link: https://www.econbiz.de/10009441203
This paper evaluates the valuation accuracy of the price-earnings (P/E), the price-book (P/B) and a combined price-earnings and price-book (P/E-P/B) benchmark valuation methods. Performance of the benchmark valuation methods relies on the definition of comparable firms. In this paper, comparable...
Persistent link: https://www.econbiz.de/10009441754
The goal of the emancipatory accounting project is to explore ways by which accounting can make social values a … fundamental part of the accounting process. Critical accounting scholars are challenged to discover ways that facilitate a broader … goals, this paper examines an intervention as an exploratory attempt to move emancipatory accounting out of the confines of …
Persistent link: https://www.econbiz.de/10009441781