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We show that when banks and borrowers share the same audit firm, borrowers receive lower interest rates, after controlling for potentially confounding director connectedness. The common auditor effect is observed only for opaque borrowers, and is greatest when the same audit engagement office...
Persistent link: https://www.econbiz.de/10012837875
We show that when banks and borrowers share the same audit firm, borrowers receive lower interest rates, after controlling for potentially confounding director connectedness. The common auditor effect is observed only for opaque borrowers, and is greatest when the same audit engagement office...
Persistent link: https://www.econbiz.de/10012830243
Persistent link: https://www.econbiz.de/10011977971
A complete framework for applications of behavioral finance in private banking, Behavioural Finance for Private Banking … considers client needs specific to private banking like personal circumstances, objectives, and attitude to risk. This book … studies to illustrate how can be applied. A must-read for anyone in private banking, this book demonstrates …
Persistent link: https://www.econbiz.de/10012676780
payments in the United States, and to explore some of the key implications of those changes for the banking industry. We …
Persistent link: https://www.econbiz.de/10013066809
This paper provides a new interpretation of the early rise of rating agencies in the United States (initially known as Mercantile Agencies). We explain this American exceptionality through an inductive approach that revisits the conventional parallel with the UK. In contrast with earlier...
Persistent link: https://www.econbiz.de/10011381198
Basically, shadow banking is an original kind of business organization, or better a set of institutions and markets … the hard core of financialization. Shadow banking manifests itself through a variety of activities carried out since time … banking as an anomaly of financial markets, to which it appears thoroughly linked. In this paper we try to analyze the subject …
Persistent link: https://www.econbiz.de/10011400051