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Using a panel of Middle East and North Africa (MENA) banks, we examine the effect of on bank profitability in the 1999-2006 period. We find that supervision differences matter. Bank profitability tends to be higher in countries in which supervisors can take legal action against external auditors...
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Purpose – The purpose of this paper is to examine the valuation effect of derivatives use in the French market using a sample of 250 non-financial firms over the period 2000-2002. Design/methodology/approach – The approach taken is application of linear regression framework and panel data...
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