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International versus Domestic Auditing of Bank Solvency

Feltenstein, Andrew; Lagunoff, Roger - Georgetown University, Department of Economics - 2003

develop a model that compares two alternative institutions for bank auditing. Neither of these institutions would require as … these is a system of central bank auditing of national banks. The second type of auditing is carried out by an international … two di.erent auditing institutions. We show that the international auditor generally performs at least as well, and …

Persistent link: https://www.econbiz.de/10005396411

Finance and inclusive growth

Cournède, Boris; Denk, Oliver; Höller, Peter - 2015

Finance is a vital ingredient for economic growth, but there can also be too much of it. This study investigates what fifty years of data for OECD countries have to say about the role of the financial sector for economic growth and income inequality and draws policy implications. Over the past...

Persistent link: https://www.econbiz.de/10011392793

The Influence of Law and Economics on Law and Accounting : Two Steps Forward, One Step Back

Cunningham, Lawrence A. - 2011

, accounting standard setting, state corporation law, and financial auditing. Affected areas include the nature of disclosure, the …

Persistent link: https://www.econbiz.de/10013128942

International Versus Domestic Auditing of Bank Solvency

Feltenstein, Andrew - 2006

.We develop a model that compares two alternative institutions for bank auditing. Neither of these institutions would require as … these is a system of central bank auditing of national banks. The second type of auditing is carried out by an international … two different auditing institutions. We show that the international auditor generally performs at least as well, and …

Persistent link: https://www.econbiz.de/10012782642

Who Pays Attention to SEC Form 8-K?

Ben-Rephael, Azi - 2017

The extant literature provides evidence that, for many SEC 8-K filings, there is a significant market reaction on the date of the event that led to the 8-K filing, on the days between the event date and the filing date and on the filing date. We address the question, who pays attention and who...

Persistent link: https://www.econbiz.de/10012959959

Information Intermediaries in the Crypto-Tokens Market

Bourveau, Thomas - 2019

Using a global sample of 2,357 attempted initial coin offerings (ICOs), we examine whether ICO rating providers act as information intermediaries that may reduce information asymmetry and the associated adverse selection problem in the crypto-tokens market. We find that issuer-supplied voluntary...

Persistent link: https://www.econbiz.de/10012899080

Changes in Lending Practices and Borrower Reporting Quality : Evidence from Chinese State Bank Privatizations

Chen, Deqiu - 2018

How do developments at lending institutions that alter the way they grant and monitor loans influence their borrowers' financial reporting quality (FRQ)? We examine this question by investigating the influence that privatizations of Chinese state banks (CSBs) had on the quality of their...

Persistent link: https://www.econbiz.de/10012936432

Four Things No One Will Tell You About ESG Data

Kotsantonis, Sakis - 2019

Persistent link: https://www.econbiz.de/10012866650

Accounting and the Financial Accelerator

Bertomeu, Jeremy - 2020

We extend the general equilibrium economy of Holmstrom and Tirole (1997) to optimal reporting of productive assets and examine when the accounting process can contribute to financial acceleration. Given a small change in aggregate capital stock, the economy may respond with large readjustments...

Persistent link: https://www.econbiz.de/10012854812

The ICO Rating Game : Biased Ratings of Crypto Experts in Initial Coin Offerings

Liu, Baixiao; McConnell, John J.; Wang, Jingfang - 2021

The initial coin offering (ICO) market relies on the “wisdom of crowds”, ratings given by the collective opinion of crypto experts, to overcome asymmetric information problems in the fundraising process. We investigate the biases of crypto experts in providing ratings in ICOs. We conjecture...

Persistent link: https://www.econbiz.de/10013234264

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