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Auditor's industry specialization and disclosure quality of IAS No. 39-related accounts

Chiang, Hsiang-tsai; Lin, Shu-lin - In: Journal of applied finance & banking 2 (2012) 2, pp. 59-98

Following International Accounting Standards (IAS) No. 39, Taiwan implemented the No. 34 and No. 36 Statement of Financial Accounting Standards (SFAS) that regulate the measurement and disclosure of financial instruments, respectively. Both IAS and Taiwan SFAS allowed companies to reclassifyʺ...

Persistent link: https://www.econbiz.de/10010009120

Using ants to detect fraudulent financial statements

Katsis, Christos D.; Goletsis, Yorgos; Boufounou, … - In: Journal of applied finance & banking 2 (2012) 6, pp. 73-81

Fraudulent financial reporting is a matter of great social and economic concern. Managers may distort financial statements so as to present their companies more favorably to investors or creditors. On the other hand, auditors are the ones who are expected to identify fraudulent financial...

Persistent link: https://www.econbiz.de/10010118423

Market reaction to financial statement restatement : a study on the information and insurance role of auditors

He, Li-jen; Chiang, Hsiang-tsai - In: Advances in management & applied economics 3 (2013) 4, pp. 37-50

Although researches have extensively studied the relationship between audit quality and financial reporting, little has been said about the consequences to auditors of financial reporting failure in terms of impairment of the audit information role. Based in Taiwan’s unique setting, we...

Persistent link: https://www.econbiz.de/10010148061

Joint audit and accuracy of the auditor's report : an empirical study

Baldauf, Julia; Steckel, Rudolf - In: International journal of economic sciences and applied … 5 (2012) 2, pp. 7-42

This study examines the effects of a joint audit on auditor’s report consensus and accuracy. We investigate whether a joint audit, particularly the report issued, improves an audit’s quality. We measure the audit’s quality using the degree of auditor consensus in the auditor’s report. We...

Persistent link: https://www.econbiz.de/10010039592

Financial markets, bloated governments and the misallocation of capital

Savvides, Savvakis C. - In: Journal of finance and investment analysis 1 (2012) 2, pp. 201-219

Through this paper the author discusses the phenomenon of excessive Government borrowing and the factors that lead Governments to be so dependent on financial markets. It is argued that the combined effect of unregulated financial intermediaries, hedge funds and Credit Rating Agencies in...

Persistent link: https://www.econbiz.de/10010079549

Is bankruptcy costly? : recent evidence on the magnitude and determinants of indirect bankruptcy costs

Singh, Bhabra Gurmeet; Yao, Yuan - In: Journal of applied finance & banking 1 (2011) 2, pp. 39-68

In this study we estimate indirect bankruptcy costs for a recent sample of large corporate bankruptcies in the United … States over the period, 1997 to 2004. We find indirect bankruptcy costs of approximately 2%, 6.2% and 14.9% of firm value in … years -3, -2 and -1 relative to the year of bankruptcy announcement respectively. Together with the direct costs reported in …

Persistent link: https://www.econbiz.de/10010009077

Implementation of the stress test methods in the retail portfolio

Siarka, Pawel - In: Journal of applied finance & banking 2 (2012) 6, pp. 15-29

Article refers to the issue of credit risk management in commercial banks. Particular attention is paid to the problem of stress testing. In addition, methods are presented that allow prediction of the losses of the portfolio in the context of extreme events relating to the crises of financial...

Persistent link: https://www.econbiz.de/10010118427

Financial failure prediction using financial ratios : an empirical application on Istanbul Stock Exchange

Zeytınoglu, Emin; Akarım, Yasemin Deniz - In: Journal of applied finance & banking 3 (2013) 3, pp. 107-116

Risk of financial failure is defined as the inability of a firm to pay its current liabilities. Financial failure may lead firms to bankrupt or go into liquidation. This paper aims to develop reliable model to identify the financial failure risk of the firms listed on Istanbul Stock Exchange...

Persistent link: https://www.econbiz.de/10010148089

The rebuilding of the Cyprus economy

Savvides, Savvakis C. - In: Journal of finance and investment analysis 2 (2013) 2, pp. 107-123

Following the extra ordinary decision to bail in the unsecured depositors and restructure the two main banks and the near complete destruction of the country’s economic business model as an International Financial Centre, the author considers the changes necessary to rebuild the economy of...

Persistent link: https://www.econbiz.de/10010148292

La muestra de empresas en los modelos de predicción del fracaso: influencia en los resultados de clasificación

García-Gallego, Ana; Mures-Quintana, María-Jesús - In: Revista de métodos cuantitativos para la economía y … 15 (2013), pp. 131-150

This paper focuses on the development of both failure prediction models on a paired sample and a random sample of small and medium-sized firms with head offices located in the region of Castilla y León (Spain), in order to prove if the predictive power of the developed models is affected by the...

Persistent link: https://www.econbiz.de/10010160658