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Liquidity hoarding and interbank market spreads: the role of counterparty risk

Heider, Florian; Hoerova, Marie; Holthausen, Cornelia - 2009

We study the functioning and possible breakdown of the interbank market in the presence of counterparty risk. We allow banks to have private information about the risk of their assets. We show how banks’ asset risk affects funding liquidity in the interbank market. Several interbank market...

Persistent link: https://www.econbiz.de/10011605172

Public Interest Oversight On Professional Accountancy: How Do Accountants Perceive It in Turkey?

Pekdemir, Recep; Zigindere, Nimet Duygu; Suer, Ayca Zeynep - In: Journal of Accounting and Management Information … 19 (2020) 2, pp. 333-350

Research Question: The study investigates consequences of the public oversight establishment on accounting profession and also attempts to understand the thoughts and perceptions of the licensed/certified professional accountants on the public oversight activities in Turkey as an emerging...

Persistent link: https://www.econbiz.de/10015196205

Is it all hype? ChatGPT’s performance and disruptive potential in the accounting and auditing industries

Eulerich, Marc; Sanatizadeh, Aida; Vakilzadeh, Hamid; … - In: Review of Accounting Studies 29 (2024) 3, pp. 2318-2349

ChatGPT frequently appears in the media, with many predicting significant disruptions, especially in the fields of accounting and auditing. Yet research has demonstrated relatively poor performance of ChatGPT on student assessment questions. We extend this research to examine whether more recent...

Persistent link: https://www.econbiz.de/10015373248

Securitization and moral hazard: Evidence from a lender cutoff rule

Bubb, Ryan; Kaufman, Alex - 2009

perapplicant fixed costs in screening. We then demonstrate that our theory fits the data better than the main alternative theory … already in the literature, which supposes cutoff rules are exogenously used by securitizers. Furthermore, we use our theory to …

Persistent link: https://www.econbiz.de/10010286943

Securitization and moral hazard: Evidence from credit score cutoff rules

Bubb, Ryan; Kaufman, Alex - 2011

research has hypothesized that these cutoff rules result from a securitization rule of thumb. Under this theory, an observed … model that rationalizes such an origination rule of thumb. Under this alternative theory, jumps in default are not evidence … securitization rule-of-thumb theory but consistent with the origination rule-of-thumb theory. There are jumps in the number of loans …

Persistent link: https://www.econbiz.de/10010286944

The Entrepreneur's Role in the Performance Growth of the Financial Audit Activity in Romania

Popescu, Cristina Raluca; Popescu, Veronica Adriana; … - In: Amfiteatru Economic Journal 17 (2015) 38, pp. 228-246

For the study of entrepreneurship, a cornerstone of modern competitive economy, perhaps there is no liberal profession better suited to be analysed than the financial audit. The financial auditor is meant to be an entrepreneur, to take his destiny into his own hands, because, in order to be...

Persistent link: https://www.econbiz.de/10011724939

Asset-Liability Management bei Komposit- und Lebensversicherern : Besinnung auf die Grundlagen

Friese, Sebastian; Mittendorf, Thomas - 2003

In jüngster Vergangenheit hat die Versicherungswirtschaft einen grundlegenden Wandel durchlaufen. Deregulierung, Globalisierung sowie Substitutionskonkurrenz führten zu einem verschärften Wettbewerb um Marktanteile bei sinkenden Gewinnmargen. Aufgrund dieser neuen Wettbewerbsdynamik und den...

Persistent link: https://www.econbiz.de/10010262915

Fusionsanreize, strategische Managerentlohnung und die Frage des geeigneten Unternehmensziels

Neus, Werner - 2002

Im klassischen Beitrag von Salant, Switzer und Reynolds (1983) wird für symmetrische Unternehmungen gezeigt, daß bei Verfolgung einer Mengenpolitik Fusionen zur Einschränkung des Wettbewerbs nur dann für die beteiligten Unternehmungen lohnend sind, wenn wenigstens 80 % der Unternehmungen an...

Persistent link: https://www.econbiz.de/10010305056

Stochastische Unternehmensmodelle als Kern innovativer Ratingsysteme

Blum, Ulrich; Gleißner, Werner; Leibbrand, Frank - 2005

Auf der Grundlage einer Stichprobe von 105 sächsischen Unternehmen wird deren Zukunftsfähigkeit mit Hilfe einer neuen Ratingtechnologie analysiert. Diese basiert - neben klassischen Analysewerkzeugen - auf einer direkten Einbeziehung von Risikogesichtspunkten und einer stochastischen...

Persistent link: https://www.econbiz.de/10010269950

Information Theory and the Role of Intermediaries in Corporate Governance

Schmidt, Reinhard H.; Tyrell, Marcel - 2004

We investigate the connection between corporate governance system configurations and the role of intermediaries in the respective systems from a informational perspective. Building on the economics of information we show that it is meaningful to distinguish between internalisation and...

Persistent link: https://www.econbiz.de/10010263309