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Diversification of investment portfolios as an instrument used by institutional investors in the capital management process

Trippner, Paweł - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 3, pp. 85-93

The paper presents the essence and ways of limiting the level of investment risk through the processes of diversifying the composition of investment portfolios. The paper shows types of deposit portfolios. The author analyzed the profitability of deposit portfolios with various share of...

Persistent link: https://www.econbiz.de/10009959717

The effectiveness of the audit committee in Spain : implications of its existence on the auditor’s opinion

Andrés Suárez, Javier de; Cabal García, Elena; … - In: SERIEs : Journal of the Spanish Economic Association 4 (2013) 3, pp. 333-352

This research work is aimed at determining the effectiveness of the Audit Committee (AC), analyzing its impact on the reliability of accounting information issued by spanish listed companies. With this aim, we study whether certain features such as its voluntary or otherwise compulsory...

Persistent link: https://www.econbiz.de/10010160826

Is informality a barrier to financial development?

Elgin, Ceyhun; Uras, Burak R. - In: SERIEs : Journal of the Spanish Economic Association 4 (2013) 3, pp. 309-331

This study investigates the relationship between financial development and the size of the informal economy. We build a model in which an exogenous variation in the size of the informal sector creates two effects on financial development. Specifically, informal sector harms financial development...

Persistent link: https://www.econbiz.de/10010160827

Role, interests and critics of credit rating agencies

Baresa, Suzana; Bogdan, Sinisa; Ivanovic, Sasa - In: UTMS journal of economics / University of Tourism and … 3 (2012) 1, pp. 71-82

Key role of credit rating agencies is reducing the asymmetry information about credit quality (of governments, business entities or securities) between issuers and investors, and ensuring a common standard of measuring the creditworthiness. Credit rating agencies are engaged in the sale of...

Persistent link: https://www.econbiz.de/10010058703

Finanztransaktionssteuer : kurzfristigen Handel verteuern, Finanzmärkte stabilisieren

Schäfer, Dorothea - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 79 (2012) 8, pp. 3-12

Eine Finanztransaktionssteuer kann neben der Finanzmarktregulierung das zentrale Instrument sein, um die Finanzmärkte in Zukunft wieder robuster zu machen. Wenn sie breit angelegt ist, zielt sie auf die Eindämmung von Regulierungsarbitrage, Blitzhandel, überaktivem Portfolio-Management und...

Persistent link: https://www.econbiz.de/10010079358

On the systemic relevance of the insurance industry : is a macroprudential insurance regulation necessary?

Bach, Wolfgang; Nguyen, Tristan - In: Journal of applied finance & banking 2 (2012) 1, pp. 127-149

The paper examines whether there is an economic justification for a macroprudential approach to insurance regulation based on the normative theory of regulation. First, the paper elaborates some basic foundations, such as the characterisation of a macroprudential approach to financial regulation...

Persistent link: https://www.econbiz.de/10010009108

The impact of Basel I capital requirements on bank behaviour and the efficacy of monetary policy

Jablecki, Juliusz - In: International journal of economic sciences and applied … 2 (2009) 1, pp. 16-35

The paper attempts to investigate the influence of the 1988 Basel Accord on bank behavior and monetary policy. It is … on the transmission mechanism of monetary policy and shows that the Basel Accord has affected the bank lending channel …. -- Basel accord ; capital ratios ; bank regulation ; monetary policy …

Persistent link: https://www.econbiz.de/10009958037

Medición del riesgo de renta variable mediante modelos internos en Solvencia II

Durán Sontomil, Pablo; Otero González, Luis A.; … - In: Investigaciones europeas de Dirección y Economía de … 18 (2012) 1, pp. 53-68

This work focuses on developing an internal model for equity risk under Solvency II. We have used monthly data for the series of Ibex 35, Cac 40, FTSE 100 and Dax in the period between January 1992 and December 2008. This work fits by maximum likelihood method the model of normal returns, based...

Persistent link: https://www.econbiz.de/10009958357

Effective bank corporate governance : observations from the market crash and recommendations for policy

Choudhry, Moorad - In: Journal of applied finance & banking 1 (2011) 1, pp. 179-211

possessed insufficient expertise, and was not geared towards a long-term view of the bank's development. Consequently many banks … recommend that a number of bank governance measures be implemented, if necessary for imposition by regulatory fiat. These …

Persistent link: https://www.econbiz.de/10009958477

Business valuation engagement letter : regulations adopted in selected standards

Grudziński, Michał - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 4, pp. 13-24

The article presents conclusions drawn from the analysis of regulations concerning the issue of the content of business valuation engagement letter. The analysis covered regulations appearing in eight business valuation standards used in Australia, New Zealand, Hong Kong, Canada and the USA....

Persistent link: https://www.econbiz.de/10009959732