barton et al - 2004 - asia''s governance challenge

... conditions. Further, such a supportsystem does not make use of the intrinsic strength of the rock mass. Various practices of tunnelling in highly squeezing conditions would fall into one of the following ... segments of varying lengths 322 Tunnelling in weak rocks ã The monthly rate of radial closure at the time of stabilization was observed tobe in the range of 0.05–0.10 percent of the radius of the ... of the Krol thrust over the tunnel. Finally, Jain et al. (1975)presented an ingenious interpretation of the existing geological data and predicted theexistence of a series of tear faults (Fig....

... the Future 13PART IUnderstanding Financial Crises 17CHAPTER 2Recognizing New Global Market Realities 19Increasing Risk of Financial Crises 22Why Financial Crises Are on the Rise 27You Can ... Manage Financial Crises Proactively? xiWhy We Wrote Dangerous Markets xvAcknowledgments xixCHAPTER 1Introduction to Dangerous Markets 1 Financial Storms Are Destabilizing 2 Financial Crises ... signif-icant work.”Charles H. Dallara Managing Director, Institute of International Finance, Inc. Dangerous Markets is a ‘must read’ in the current global environ-ment for all serious investors...

... with only cross-sectional data, and report evidence of (i) a governance- to -value association between KCGI and firm market value, and (ii) likely causation for large firms, using the large firm ... markets provides evidence that better corporate governance predicts higher firm market value, but little evidence on the channels through which governance affects market value. We first show ... connection between firm- level corporate governance and market value, using panel data from 199 8-2 004 with firm fixed and random effects. We construct a broad corporate governance index (Korea Corporate...

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governance ฀ ... 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governance ฀ ฀ ฀ ฀ challenge Corporate governance in฀Asia฀has฀improved,฀but฀implanting฀new฀forms฀of฀behavior฀will฀take฀time.Dominic Barton, ฀Paul฀Coombes,฀and฀Simon฀Chiu-Yin฀WongThe฀McKinsey฀Quarterly 2004 Number฀256Asia’s governance challenge ... challenge Corporate governance in฀Asia฀has฀improved,฀but฀implanting฀new฀forms฀of฀behavior฀will฀take฀time.Dominic Barton, ฀Paul฀Coombes,฀and฀Simon฀Chiu-Yin฀WongThe฀McKinsey฀Quarterly 2004 Number฀256Asia’s governance challenge 57Is฀best฀practice฀best฀for฀the฀region?...

... firms on theirAbnormal Accruals. Abnormal Accruals is the abnormal component of total accruals estimated with the Jones cross-sectional model (see Equation (1)). -5 0% -4 0% -3 0% -2 0% -1 0%0%10%20%30%12345 ... affect the likelihood of aggressive earnings management. For the third aspect of committee The Effect of Audit Committee Expertise, Independence, and Activity on Earnings Management 15Auditing: ... associa-tion between either the size of the committee, the frequency of its meeting, or the firm-specificexpertise of its members with the likelihood of aggressive earnings management. While the effect...

... Audit Partner Tenure, Audit Firm Tenure, and Discretionary Accruals: Does Long Auditor Tenure Impair Earnings Quality? Chih-Ying Chen * Department of Accounting ... between audit firm tenure and earnings quality (JKR; MMO; Ghosh and Moon 2003), we use discretionary accruals as a proxy for earnings quality and investigate whether absolute discretionary accruals ... discretionary accruals as a proxy for earnings quality and investigate the relation between audit partner tenure, audit firm tenure, and absolute discretionary accruals. Because earnings can...

... quality is Fitzgerald et al. (2014) in the United States not-for-profit setting, which also provides limited generalizability to the for-profit sector. Finally, while not looking at audit quality ... Azizkhani et al. 2013), Taiwan (e.g., Chi and Huang 2005; Chen et al. 2008; Chi et al. 2009), Germany (e.g., Gold et al. 2012), and China (e.g., Firth et al. 2012; Lennox et al. 2014) . Institutional ... effectiveness of U.S. auditor partner rotations given that audit partner information is not disclosed in U.S. audit reports. Using SEC comment letter correspondences to identify U.S. audit partner rotations, ...

... HorizonsVol. 20, No. 3September 2006 pp. 253–270 Strong Corporate Governance and Audit Firm Rotation: Effects on Judges’ Independence Perceptions and Litigation Judgments Marianne Moody Jennings, ... (orjuries’) perceptions of auditor independence, given circumstantial evidence and environ-mental conditions. The Securities and Exchange Commission (SEC) standard for auditor independence also uses ... (e.g., Kadous2000, 2001; Lowe et al. 2002; Brandon and Mueller 2006) or judges (e.g., Lowe and Reckers 1994; Jennings et al. 1998; Jennings et al. 1993; Anderson et al. 1997). What arethe advantages...

... (Phone: 85 2-2 76 6-7 046; Fax: 85 2-2 33 0-9 845; E-mail: afjbkim@inet.polyu.edu.hk) 2 Selective Auditor Rotation and Earnings Management: Evidence from Korea Abstract In Korea, the regulatory ... Selective Auditor Rotation and Earnings Management: Evidence from Korea Jeong-Bon Kim, * Chung-Ki Min and Cheong H. Yi Current Draft June 2004 ... financial reporting. JEL classification: G38; L15; L84 Keywords: Selective Auditor Rotation; Audit Quality; Earnings management 3 Selective Auditor Rotation and Earnings Management: ...

... with only cross-sectional data, and report evidence of (i) a governance- to -value association between KCGI and firm market value, and (ii) likely causation for large firms, using the large firm ... markets provides evidence that better corporate governance predicts higher firm market value, but little evidence on the channels through which governance affects market value. We first show ... connection between firm- level corporate governance and market value, using panel data from 199 8-2 004 with firm fixed and random effects. We construct a broad corporate governance index (Korea Corporate...

... a financial expert. In their study, McDaniel et al. compared how financial experts may differ from financial literates in the evaluation of the quality of financial reporting items and whether ... reporting quality. ” For example, although, the BRC (1999) and Sarbanes-Oxley (2002) require auditors to discuss the quality of the financial reporting methods and not just their acceptability, the ... Journal of Accounting Literature (2004, pp. 8 7-1 52) 1 THE CORPORATE GOVERNANCE MOSAIC AND FINANCIAL REPORTING QUALITY INTRODUCTION One of the most important functions that corporate governance...