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This article explores the principles that should guide efforts to raise finance for climate action in developing countries. The main conclusions are that, first, there is an important role for private finance, which would be facilitated by having pervasive and broadly uniform emissions pricing...
Persistent link: https://www.econbiz.de/10009440024
The empirical motivation of this dissertation is the increasing importance of financialmarket’s regulation pursuant of the Sarbanes Oxley Act of 2002 (SOX). There is currentlyincomplete knowledge on the relationship between insider trading and earningsmanagement on the one hand and earnings...
Persistent link: https://www.econbiz.de/10009447016
Since the mid-1980s, Algeria has embarked on a programme of comprehensive financial liberalisation to establish a market-oriented financial system, and to develop the role of the Algiers Stock Exchange in the mobilisation of financial resources. The transition from a centrally planned to a...
Persistent link: https://www.econbiz.de/10009467332
Recently bankers have come to realise that banking operations, especially corporate lending, affect and are affected by the natural environment and that consequently the banks might have an important role to play in helping to raise environmental standards. Although the environment presents...
Persistent link: https://www.econbiz.de/10009474580
This article examines how microstructure effects, evident in high frequency data, influence bid–ask spreads and volatility in transaction price series. It uses the event of European Monetary Union (EMU), and the upheaval that this entailed, as an opportunity to empirically investigate these...
Persistent link: https://www.econbiz.de/10009458380
Tax planning by large companies has been widely and publicly discussed due to its implications for the level of provision of public goods and more general social issues. In the U.K., tax avoidance, as estimated by Her Majesty’s Revenue and Customs’ anti-avoidance group, leads to several...
Persistent link: https://www.econbiz.de/10009458494
Are there significant benefits of revenue diversification for banks in emerging economies? This paper investigates the impact of revenue diversification on insolvency risk in emerging economies as measured by the distance to default. Using a panel dataset of 322 listed banks across 22 countries...
Persistent link: https://www.econbiz.de/10009458638
The public-private partnership (PPP) arrangements require the optimization of risk allocation between the public and private sectors in order to achieve the best net present value (NPV). Many researchers mentioned that the risk events of a PPP infrastructure projects are interdependent over...
Persistent link: https://www.econbiz.de/10009458680
Researchers have developed investigations into both initial and seasoned equity offering (SEO) by obtaining data from developed markets (e.g. Denis, 1994; Kothari and Warner, 1997; Corwin, 2003; Eckbo et al., 2006), while the literature in emerging markets is relatively neglected. This thesis provides an...
Persistent link: https://www.econbiz.de/10009480988
This study has attempted to explain the portfolio behavior of the Pakistani Schedule banks and to provide the Pakistan monetary authorities with the best possible model through which they can influence the economy. First of all, we have investigated the links between monetary policy, the Banking...
Persistent link: https://www.econbiz.de/10009428782