based proxy for audit quality
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ghosh and moon - 2005 - auditor tenure and audit quality [mar]
Ngày tải lên :
06/01/2015, 19:42
... independenceand auditquality.We assertthat the relationship of earningsqualityand auditortenureprovidesinsightsinto how capitalmarketparticipants view auditortenureas affecting auditquality We use ... endogenous to audit quality, then the results are also consistent with an alternative hypothesis that auditor turnover is high for firms with low earnings quality In other words, high -quality auditors ... tenureaffects auditorindependence.Proponents of mandatory auditorrotationclaim thatlengthyauditortenureerodes independence, which in turn impairs audit quality Others argue that independenceand audit quality...
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SECURITIES AND EXCHANGE COMMISSION: Staff Accounting Bulletin No. 104 pptx
Ngày tải lên :
15/03/2014, 22:20
... reflects the guidance formerly located in footnote 29 x Topic 13.A.3(f) Question (formerly Question 15 of the FAQ) is added The question format is conformed y Topic 13.A.3(f) Question (formerly Question ... Question (formerly Question 19 of the FAQ) is added The question format is conformed f Topic 13.A.4(a) Question (formerly Question 20 of the FAQ) is added g Topic 13.A.4(a) Question (formerly ... 13.A.3(a) Question is formerly Question c The subheading Customer acceptance is added d Topic 13.A.3(b) Question (formerly Question of the FAQ) is added The question format is conformed e Topic 13.A.3(b)...
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Tài liệu Accounting Practices and the Market Valuation of Accounting Numbers: Evidence from Indonesia, Korea, Malaysia, the Philippines, Taiwan, and Thailand doc
Ngày tải lên :
17/02/2014, 09:20
... regressions for lags of to months Table 12 reports the total and incremental explanatory power for BVPS and for REPS for these six price dates.10 Only Indonesia and Korea show higher R2s for prices ... time periods for the sample are relatively short Harris et al (1994) examine the value relevance of accounting numbers for German firms compared to that for a matched set of US firms for 1982±1991 ... 1.0 for Indonesia (.82) and Korea (.89) Coefficients on REPS are positive and significant for all countries except the Philippines Coefficients on REPS for regression (4) range from 1.26 for...
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Mental Accounting and Consumer Choice: Evidence from Commodity Price Shocks pot
Ngày tải lên :
06/03/2014, 21:20
... our findings: a loss-aversion model based on K¨szegi and Rabin (2006) and a salience model based o on Bordalo, Gennaioli, and Shleifer (2012) For each model, we formally estimate the model’s parameters ... auto makers often recommend premium gasoline for sports cars, the most frequently stated reason for using high-octane gasoline is a performance gain, for example in the time to accelerate from ... ratio η G /η M for brand choice in the placebo category is equal to the analogous ratio for gasoline grade choice (using the baseline parameters for gasoline estimated in table 3) For both orange...
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Working PaPer SerieS no 1272 / DeCeMBer 2010: THe iMPaCT of PuBliC guaranTeeS on Bank riSk Taking eviDenCe froM a naTural exPeriMenT pptx
Ngày tải lên :
15/03/2014, 10:20
... Variable name for years 2001 - 2006 if bank type = savings bank for 2004-06 for 1996-2000 if ex ante risk ≤ median for 2001-2006 if ex ante risk ≤ median for 2001-2006 if ex ante risk > median for years ... set with 1,329 banks for 1995 - 2006 20 Note that we cannot formally test for the parallel trend assumption for the bank level Z-Score and return on asset volatility, as for both we need several ... despite their higher quality Using a difference-in-differences approach we show that the effect is larger for banks that ex ante benefited more from the guarantee We proxy for banks that benefited...
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WORKING PAPER SERIES NO. 303 / FEBRUARY 2004: FISCAL POLICY EVENTS AND INTEREST RATE SWAP SPREADS: EVIDENCE FROM THE EU pdf
Ngày tải lên :
22/03/2014, 23:20
... report estimation results for another set of events for the same three countries as above, as well as for Spain and for Greece Table Selected SUR estimates of equation (3) for Portugal, Germany, ... t-1 and t-2 before (0.035/0.038) We also performed this estimation strategy of backward/forward windows for other fiscal policy events The exercise did not produce any further informative results ... information content of the aforementioned events can be achieved with different approaches For a rating action study, one would look at the evolution of yields over a longer-time horizon before...
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The effect of economic and accounting variables on capital structure empirical evidence from iranian companies
Ngày tải lên :
24/04/2014, 15:42
... central bank and it is based on one million riyals in Iran Based on literature, choosing the specific policies for giving facilities by banks provide better conditions for using these facilities ... such as; which combination of capital structure have tax savings for the company? What capital structure is cheaper and affordable for the company? Or which regulation about company’s capital structure ... long-term debt ratios for the 10 years period They conclude that there is a reverse relationship between liquidity and financial leverage and leads to this fact that using liquidity for financing is...
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Environmental regulation and economic competitiveness: Evidence from the textile industry in Vietnam
Ngày tải lên :
24/08/2013, 18:48
... agents are defined in LEP but no measurable quality or effectiveness Therefore the criteria for measuring performance of State actors are not performance based These are not unique either to LEP ... environmental cost + compensation for damage + - foreign market penetration + + + environmental performance + B4 + environmental impacts + - + R1 compliance to foreign env requirement Fig Causual ... Susmita Dasgupta et al 1997) They concluded that demand for environmentally friendly products from foreigners is one of major external forces for firms to adopt appropriate pollution control technology...
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Tài liệu Báo cáo " Late Eocene metamorphism and ductile deformation age of Con Voi range, the Red River shear zone: evidence from the garnet Sm/Nd dating" docx
Ngày tải lên :
13/02/2014, 12:20
... metamorphic peak and deformed rocks, a single garnet was selected for Sm/Nd isotope analysis zone, an important plate boundary in Cenozoic in Southeast Asia In North of Vietnam, it extended for over 200km ... ductile deformation Samples description To constrain the age of highly ductile deformation and metamorphism of the gneissic rocks along the Con Voi range, sample VNSH14-2 was selected for garnet ... measurements were performed in a Re double filament configuration La Jolla standard was performed during the course of measurement The error of standard was not in excess of 0.003% and 0.05% for 143Nd/144Nd...
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Tài liệu Human-induced changes in US biogenic volatile organic compound emissions: evidence from long-term forest inventory data ppt
Ngày tải lên :
14/02/2014, 08:20
... RðkÞand R2 ðkÞcontained plots that were non-forested at one or both survey times: plots not forested at time t were given an emission rate of zero for time t For ðk;tÞ this reason, the grid-cell averages ... As a result, the reported accuracy of NDVI -based LAI estimates for mesic forests is low, even within relatively homogenous regions where the relevant forest characteristics are already known (e.g ... American forest plantations: opportunities for carbon sequestration, economic development and financial returns Journal of Forestry, 98, 20– 23 Zhou XP, Mills JR, Teeter L (2003) Modelling forest...
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Tài liệu Informational efficiency of loans versus bonds: Evidence from secondary market prices pptx
Ngày tải lên :
16/02/2014, 02:20
... returns based on the mid-price to control for any bid-ask “bounce” See, for example, Stoll (2000) and Hasbrouck (1988) for more details bond daily return The third and fourth measures are based ... monitoring advantage of loans over bonds for the informational These studies examine the issue of whether bank lenders provide valuable information about borrowers For example, James (1987) documents ... trades for the same bond on the same day and estimate an effective spread of $0.13 for investment-grade bonds and $0.19 for non-investment grade bonds per $100 par value See, Saunders (2002) for...
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Tài liệu TAX EVASION ACROSS INDUSTRIES: SOFT CREDIT EVIDENCE FROM GREECE doc
Ngày tải lên :
16/02/2014, 03:20
... Story: Enforcement Willpower For enforcement o¢ cials, the ‡ side being able to see paper trail of tax evasion is having ip the willpower to the enforcement Perhaps enforcement by tax auditors ... not pass, that would have targeted for tax audits individuals with income below a presumed income for select industries The bill called for targeted tax audits for declared income bellow 20,000 ... which we then use for a methodological contribution In the informality literature, a standard assumption is that informal businesses not have access to formal capital markets Semiformality, however,...
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Tài liệu Dissecting the E ect of Credit Supply on Trade: Evidence from Matched Credit-Export Data pdf
Ngày tải lên :
16/02/2014, 03:20
... high share of foreign liabilities As we formally demonstrate below, lending by banks with above the median foreign liabilities to assets dropped disproportionately more during 2008.10 Based on the ... the evolution of total foreign lending to Peruvian banks, we set July 2008 as the turning point for the relative lending performance of banks with heterogeneous share of foreign liabilities.11 ... of commercial banks include local and foreign owned institutions For example, the pre-crisis foreign liabilities of HSBC and Banco Santander, two large foreign owned banks, are 17.7% and 2.2%...
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Tài liệu FOREIGN BANK ENTRY AND BUSINESS VOLATILITY: EVIDENCE FROM U.S. STATES AND OTHER COUNTRIES docx
Ngày tải lên :
16/02/2014, 10:20
... the problem that foreign bank entry may reflect, rather than drive, changes in economic performance In contrast to the results for U.S states, however, we find no evidence that foreign entry has ... state-level investment data are not available for the U.S states (although we have such data for the international analysis) Our employment series is the best proxy for overall state economic activity, ... contain the results for volatility of real GDP growth for all countries and for nonindustrial countries in the Western Hemisphere, respectively, while tables and 10 present the results based on volatility...
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Tài liệu Are private banks more efficient than public banks? Evidence from Russia ppt
Ngày tải lên :
16/02/2014, 10:20
... efficiency scores for each quarter We use the quarterly efficiency scores for each bank to compute its mean efficiency scores for each year (2002 before the reform, 2006 after the reform) In a second ... insurance only since 2004 To control for this we perform our estimations for two sub-samples, one before (2002) and one after (2006) the introduction of deposit insurance for household deposits at private ... to conduct foreign currency operations general license license for operations with precious metals Foreign credit organizations with banking license fully foreign owned 50 to 100% foreign owned...
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Tài liệu Quantitative Easing and Bank Lending: Evidence from Japan ppt
Ngày tải lên :
16/02/2014, 11:20
... ratio for bank i at time t, and , , denotes the is a vector of control variables We control for measures of bank health and other bank characteristics that may be related to a bank’s prospects for ... least squares (OLS), for the QEP period The coefficients related to the dummy variables are not shown in the results for the sake of brevity Our main finding is that, To control for outliers, we ... regression with sample split for the QEP period The panel regression (1) for the QEP period (March 2001 to March 2006) is modified with the sample split into terciles based on bank size, equity...
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Tài liệu Interactions Between Workers and the Technology of Production: Evidence from Professional Baseball doc
Ngày tải lên :
22/02/2014, 09:20
... increases with the batting performance of his peers, but decreases with the quality of the team’s pitching Furthermore, a pitcher’s performance increases with the pitching quality of his teammates, ... order to control for unobserved yearly shocks which may affect the performance of the whole team, we instrument the yearly performance of one’s teammates with the lifetime performance of his teammates ... batting performance of the players who batted right before you Therefore, batters can be considered complements with each other while batters and pitchers can be considered substitutes for each...
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Monetary Policy Surprises and Interest Rates: Evidence from the Fed Funds Futures Market doc
Ngày tải lên :
06/03/2014, 02:21
... funds futures prices are a natural, market -based proxy for those expectations The market was established in 1989 at the Chicago Board of Trade, and contracts based on one- through five-month Fed funds ... “spot month” contract based on the current month’s funds rate Krueger and Kuttner (1996) found that funds rate forecasts based on the futures price are “efficient,” in that the forecast errors are ... is small, and except for the three-month bill, statistically insignificant, consistent with the view that market rates respond only to new information Thanks to Jason Bram for suggesting this modification...
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