Firms are required to provide financial information via the financial statements and the MD&A—a narrative explanation of the financial statements. Our study examines how firms use the MD&A channel when their financial statement channel is inadequate. We proxy for the adequacy of the financial...

The paper explores the relationship between financial stability, deflation, and monetary policy. A discussion of narrow liquidity, broad liquidity, market liquidity, and financial distress provides the foundation for the analysis. There are two preliminary conclusions. Equity prices are a...

Corporate governance today is an integral part of European Union law. This survey addresses selected legal developments with a view to foundations and perspectives of interdisciplinary research on corporate governance. To start with, the most important institution of internal corporate...

The objective of this study was to evaluate the level of ERM implementation in Brazilian companies, comparing it to the results found in American companies (Desender, 2007), as well as to find out the influence of ERM in the companies' corporate governance. We observed the following: companies...

Turkey's New Company Law paved the way for its national stock exchange to be the first in the world to require the issuers change their company statutes in order to allow electronic participation and voting at their general assemblies. A recent regulation mandated all listed companies to use a...

The industrial revolution has given way to an age of computers, information and global competitions. Decisions are made more quickly and superior knowledge of products, management techniques & styles, skills, markets, methods, systems, procedures, human resources, policies, quality of work life,...

This survey investigated the relationship between executive compensation and corporate financial performance. It hypothesized that a company can utilize its pay system to direct executives' efforts toward its strategic business objectives, and thereby contributes to higher levels of corporate...

If bankers are treated as wolves, they reply that they cannot behave as dolphins while swimming with sharks. What kind of new games and incentives are required to allow people to modify behavior? Clearly, education as we know it is not the answer for it produces rules that lead to shark like...

This paper compares funding structure, financial facilities, and evolution of roles and activities of Export-Import Banks (EXIMs) in six Asian economies -- Japan, Korea, Taiwan of China (hereinafter referred as Taiwan), India, Thailand, and China. It examines the similarities and differences...

This paper attempts to compare policies and practices on the disclosure of external auditing results of deposit taking institutions in Hong Kong, Indonesia, China, Japan, Thailand, Singapore, Korea and Malaysia