picture of Georgian reporting environment by taking its financial, legal, political, and accounting systems into consideration …-series properties of earnings, earnings management, and accounting conservatism. Statistical tests predicate on the primarily collected …

The present study addresses the economic interpretation of stock market volatility. We argue that its character is … volatility. This exploits the revealed reaction of investors to gauge the degree of information and uncertainty ascribed to … volatility. We estimate simultaneous timevarying coefficient models, using data of US and further stock markets. We find the …