Credit–risk evaluation is a very important and challenging problem for financial institutions. Many classification methods have been suggested in the literature to tackle this problem. Neural networks have especially received a lot of attention because of their universal approximation...

Recent corporate financial scandals show that managers, capital market intermediaries and financial statement users are unable to assess correctly the information disclosed by firms related to unconsolidated special purpose entities and securitisation transactions. In this paper, we present...

Recent corporate financial scandals show that managers, financial intermediaries and financial statement users are unable to assess correctly the information disclosed in firms' annual reports. In this paper, we present empirical evidence consistent with the use of securitisation gains by...

This study examines the incremental impact of the Sarbanes-Oxley Act (SOX) on the market valuation of the discretionary component of banks' provision for loan losses. The SOX provides an interesting context for testing the efficacy of corporate governance provisions developed in the professional...