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Do goodwill impairments affect audit opinions? Evidence from China

He, Ziye; Chen, Dong; Tang, Jianxin - In: China Journal of Accounting Research 14 (2021) 2, pp. 151-182

There has been a steady growth of goodwill impairments in the Chinese stock market since the adoption of the impairment approach in accounting. The influence of goodwill impairments on a firm's financial position and profitability give reason to doubt its current and future performance. We...

Persistent link: https://www.econbiz.de/10012621062

Permanent vs Transitory Components and Economic Fundamentals

Garratt, Anthony; Robertson, Donald; Wright, Stephen - Birkbeck, Department of Economics, Mathematics & Statistics - 2005

Any non-stationary series can be decomposed into permanent (or "trend") and transitory (or "cycle") components. Typically some atheoretic pre-filtering procedure is applied to extract the permanent component. This paper argues that analysis of the fundamental underlying stationary economic...

Persistent link: https://www.econbiz.de/10005509631

Real exchange rates and economic fundamentals: An investigation based on a Markov-STAR model

Bertram, Philip; Ma, Jun; Sibbertsen, Philipp - 2015

dynamics for real exchange rates. The Markov switching part captures the effect of time variations of the equilibrium exchange … rates, while the smooth transition part models the nonlinear adjustment to the equilibrium. We describe the model and the … an effort to make sense of the switching equilibrium rates, we relate relevant macroeconomic variables, such as output …

Persistent link: https://www.econbiz.de/10011439271

Exchange rate pass-through and inflation dynamics in Tunisia: A Markov-Switching approach

Khemiri, Rim; Ali, Mohamed Sami Ben - 2012

This paper studies the effect of exchange rate pass-through on inflation in Tunisia over the period 2001-2009. The authors' objective is to track inflation regimes for the Tunisian economy and to forecast its determinants. Using a Markov-switching approach, the authors identified two main...

Persistent link: https://www.econbiz.de/10010310073

The scapegoat theory of exchange rates: The first tests

Fratzscher, Marcel; Sarno, Lucio; Zinna, Gabriele - 2013

This paper provides an empirical test of the scapegoat theory of exchange rates (Bacchetta and van Wincoop 2004, 2011). This theory suggests that market participants may at times attach significantly more weight to individual economic fundamentals to rationalize the pricing of currencies, which...

Persistent link: https://www.econbiz.de/10010312836

Exchange rate determination of TL/US$: a co-integration approach

Levent, Korap - Volkswirtschaftliche Fakultät, … - 2008

-integrated with the fundamentals suggested by economics theory. Besides, short-run deviations from the fundamental-based equilibrium … course of the nominal exchange rate have permanent effects on the long-run equilibrium exchange rate, and so have been …

Persistent link: https://www.econbiz.de/10008556305

THE EMERGENCE OF INNOVATION-BASED WIRELESS CLUSTERS: QUALITY AND TIMING MATTER

NIEMINEN, JORMA - In: International Journal of Innovation Management (ijim) 15 (2011) 06, pp. 1271-1295

This study compares the emergence of four wireless clusters in the 1970s and 1980s. Two of them, Calgary in Canada and Finland, initially pursued rather similar service innovations for not very different markets but with very different outcomes, which raises the question why. One major reason...

Persistent link: https://www.econbiz.de/10009364764

The scapegoat theory of exchange rates: the first tests

Fratzscher, Marcel; Sarno, Lucio; Zinna, Gabriele - European Central Bank - 2012

This paper provides an empirical test of the scapegoat theory of exchange rates (Bacchetta and van Wincoop 2004, 2011), as an attempt to evaluate its potential for explaining the poor empirical performance of traditional exchange rate models. This theory suggests that market participants may at...

Persistent link: https://www.econbiz.de/10010686765

The Scapegoat Theory of Exchange Rates: The First Tests

Fratzscher, Marcel; Sarno, Lucio; Zinna, Gabriele - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

Persistent link: https://www.econbiz.de/10010643156

Do Investment Agreements Matter?

Banga, Rashmi - In: Journal of Economic Integration 21 (2006), pp. 40-63

The study estimates the impact of bilateral investment agreements (BITs) on FDI inflows into fifteen Asian developing countries for the period 1980-81 to 1999- 2000 and examines whether signing an investment agreement with a developed country or a developing country matters. It also examines the...

Persistent link: https://www.econbiz.de/10009392040