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Book-Tax Gap. An Income Horse Race
Bovi, Maurizio - Istituto Nazionale di Statistica (ISTAT) - 2005
This paper presents some stylised facts about the book-tax gap, i.e. the difference between book and taxable income, of Italian corporations. This divergence is a reflection of the usage of any tax shields and any applicable credits and rebates which, in turn, implies that the concept of taxable...
Persistent link: https://www.econbiz.de/10005449500
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Accounting Integration issues of EU Member States
Kamela-Sowinska, Aldona - Instytut Badañ Gospodarczych (IBG) - 2014
The aim of this article is to discuss the dilemmas over the integration of accounting in EU member states. The dilemma … determining for whom the integration of accounting in EU is crucial, and who is the intended beneficiary of integration. Dilemma … arising from the lack of theoretical framework for drafting directives and standards: the accounting paradigm assuming that …
Persistent link: https://www.econbiz.de/10011271748
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A Note on the Fundamental Theorem of Asset Pricing under Model Uncertainty
Bayraktar, Erhan; Zhang, Yuchong; Zhou, Zhou - In: Risks 2 (2014) 4, pp. 425-433
We show that the recent results on the Fundamental Theorem of Asset Pricing and the super-hedging theorem in the context of model uncertainty can be extended to the case in which the options available for static hedging (hedging options) are quoted with bid-ask spreads. In this set-up, we need...
Persistent link: https://www.econbiz.de/10010945692
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A Markov Chain Model for Contagion
Dassios, Angelos; Zhao, Hongbiao - In: Risks 2 (2014) 4, pp. 434-455
We introduce a bivariate Markov chain counting process with contagion for modelling the clustering arrival of loss claims with delayed settlement for an insurance company. It is a general continuous-time model framework that also has the potential to be applicable to modelling the clustering...
Persistent link: https://www.econbiz.de/10010945693
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Tail Risk in Commercial Property Insurance
Biffis, Enrico; Chavez, Erik - In: Risks 2 (2014) 4, pp. 393-410
We present some new evidence on the tail distribution of commercial property losses based on a recently constructed dataset on large commercial risks. The dataset is based on contributions from Lloyd’s of London syndicates, and provides information on over three thousand claims occurred during...
Persistent link: https://www.econbiz.de/10010945694
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Audits, audit quality and signalling mechanisms: concentrated ownership structures
Marianne, Ojo - Volkswirtschaftliche Fakultät, … - 2013
Do jurisdictions with concentrated ownership structures require less reliance on audits as corporate governance mechanisms and devices? Why do concentrated ownership structures still prevail in certain jurisdictions which are considered to be “market based corporate governance systems”? More...
Persistent link: https://www.econbiz.de/10011267870
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Revisiting and Reinforcing the Farmers Fox Theory: A Study (Test) of Three Cases in Cross-border Inbound Acquisitions
Reddy, Kotapati Srinivasa - Volkswirtschaftliche Fakultät, … - 2015
This paper aims to revisit and reinforce the early-development of Farmers Fox theory (Reddy et al. 2014a) through analyzing three cases in cross-border inbound acquisitions stream. A qualitative case method is adopted to explore findings from sampling cases include Vodafone-Hutchison telecom...
Persistent link: https://www.econbiz.de/10011251890
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Recuperar la credibilidad de los fundamentos jurídicos y económicos de estabilidad financiera: la necesidad de la incorporación de las teorías económicas?
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2013
To what extent can monetary and financial crises and cycles be explained through economic theories? This paper is aimed at highlighting why a reliance on economic theories may be necessary given certain flaws which have been revealed from the recent Financial Crisis. Namely, that economic and...
Persistent link: https://www.econbiz.de/10011258809
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Achieving Amicable Settlements and Possible Reconciliations : The Role of Forensic Accountants in Equitable Distributions
Ojo, Marianne; DiGabriele, Jim - Volkswirtschaftliche Fakultät, … - 2013
This book is focussed on investigating how a proper implementation of forensic accounting tools could serve as a means …
Persistent link: https://www.econbiz.de/10011258963
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Why the transfer of bank supervisory powers back to the Bank of England is a step in the right direction: Revisiting the role of external auditors in bank and financial services su...
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2012
The need for effective supervision of capital markets is becoming all the more evident in the aftermath of the recent LIBOR and rate rigging scandals. Financial regulators or indeed bank regulators cannot perform such a function effectively without the involvement of auditors in the supervisory...
Persistent link: https://www.econbiz.de/10011259086