corporate financial structure and managerial incentives

... A. Impact of Crisis on the Level and Composition of GDP 12 B. Corporate Financial Structure and Impact of Crisis on GDP 14 V. Corporate Financial Structure and Financial Stability: Econometric ... Review 4 III. Corporate Financial Structure for Industrial and Emerging Market Countries 7 A. Stock Data 7 B. Flow Data 10 C. Crises Data 11 IV. Corporate Financial Structure and Financial Stability: ... implications of corporate financial structure for financial fragility are measured here empirically by examining shifts in the size and composition of financial flows and expenditures by the corporate...

Ngày tải lên: 17/12/2013, 05:15

... Denmark, Switzerland, Spain, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway and the UK, a three- month Treasury bill rate for Belgium, Sweden and the US, and a three-month ... Australia, Finland, Ireland, the Netherlands, Norway, Spain, Sweden, the UK and the US; countries in the second group are Belgium, Canada, Denmark, France, Germany, Italy, Japan and Switzerland. ... the 95% level in Canada, Finland, the Netherlands, Norway, Sweden, Switzerland, the UK and the US. Moreover, while in some countries, (including Finland, the UK and the US) residential property...

Ngày tải lên: 24/10/2012, 09:40

... competition can provide the incentives to expand financial services. Both pru- dential and competition policies (including licensing and entry, exit and merger policies, and branching and similar regulations) ... Financial Structure and Development Assessment The measures chosen as quantitative indicators for financial structure and development assessment will naturally include basic indicators of financial ... services requires that financial policies and financial system structures be adjusted as needed in response to financial innovations and shifts in the broader macroeconomic and institu- tional...

Ngày tải lên: 17/12/2013, 05:15

... Kothari, and Robin, 2000; Ball, Robin, and Wu, 1999; and Ali and Hwang, 2000) have provided evidence that in addition to accounting standards, features of the institutional environment such as corporate ... A. and R. Vishny, 1997. A survey of corporate governance. Journal of Finance 52, 737-783. Smith, C. and R. Watts, 1992. The investment opportunity set and corporate financing, dividend and ... of Law and Economics 3, 1-44. Demsetz, H. and K. Lehn, 1985. The structure of ownership: causes and consequences. Journal of Political Economy 93, 1155-77. Dhaliwal, D., K. Lee and N....

Ngày tải lên: 18/02/2014, 01:20

... by F. De Fiore , November 2000. 39 “A money demand system for euro area M3” by C. Brand and N. Cassola, November 2000. 40 Financial structure and the interest rate channel of ECB monetary policy ... interest rate. 3.1 Assets and liabilities of firms and households The financial accounts of German, Spanish, French and Italian firms and households for 1996, 1997 and 1998 are summarised in ... (1997): “The euro and the European financial markets”, EMU and the International Monetary System, Edited by Masson, Krueger and Turtleboom, International Monetary Fund. Mester, L. J. and A. Saunders...

Ngày tải lên: 15/03/2014, 14:20

Ngày tải lên: 01/11/2014, 12:43

... Sector Assessments). 2.1 Financial Structure and Development Indicators of financial structure include system-wide indicators of size, breadth, and composition of the financial system; indicators ... efficiency, and access; and measures of the scope, coverage, and outreach of financial services. 2.1.1 System-wide Indicators Financial structure is defined in terms of the aggregate size of the financial ... foreign exchange, and capital markets (including Chapter 2 Indicators of Financial Structure, Development, and Soundness 19 Chapter 2: Indicators of Financial Structure, Development, and Soundness 1 I H G F E D C B A 12 11 10 9 8 7 6 5 4 3 2 In...

Ngày tải lên: 17/12/2013, 05:15

... ownership and management structure, the experience and responsibilities of bank officers and directors, and the financial incentives that they are given. For this study, the sample bank ownership and ... managers, and owners of the most efficient and least efficient banks and the influence of this owner- ship/management structure on bank efficiency. 4 Ownership and management structure and firm ... banks. FINANCIAL INDUSTRY PERSPECTIVES 18 What makes a bank efficient?  A look at financial characteristics and bank management and ownership structure Kenneth Spong, Richard J. Sullivan, and...

Ngày tải lên: 06/03/2014, 10:20

... Foundation, the Bill and Melinda Gates Foundation through the University of Chicago Consortium on Financial Systems and Poverty, and the University of California at San Diego. The ndings and conclusions ... (composition, fertility, and migration), education, health, employ- ment, production activities and income, consumption, savings, and nancing (credits and transfers). Modules on communities and prices include ... and prices include environment and geographic measurements (e.g. rainfalls and temperature), institutions (e.g. local banks and schools), and prices of inputs and outputs sold in the community....

Ngày tải lên: 07/03/2014, 15:20

... recognition and disclosure differently. There is also evidence that managers and auditors, who prepare and review financial statements, view recognition and disclosure differently. Libby, Nelson, and ... Davis-Friday, Liu, and Mittelstaedt [2004], Ahmed, Kilic, and Lobo [2006], Aboody [1996], and Balsam, Bartov, and Yin [2005] investigate the relation between the market value of equity and the recognized/disclosed ... the standard deviation of the difference between the reported value and the benchmark. Because I do not have sufficient time series to estimate a firm-specific standard deviation measure, and...

Ngày tải lên: 03/06/2014, 01:05

... LIRPC’s finances and financial transactions, their financial operations, management control and safeguards, and any other related financial activities including record keeping and adherence to ... Description: 2010 Annual Financial Audit and Audit of Internal Structure of the Long Island Regional Planning Council. I. Introduction and Overview The Long Island Regional Planning Council ... reviewed and evaluated for completeness and responsiveness according to pre-determined standards and selection criteria. Proposals will be deemed responsive only if the proposer responds to and...

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Ngày tải lên: 31/03/2015, 21:18

... appropriate and proportionate to the values of and degree of reliance on the information systems and to the severity, probability, and extent of potential for direct and indirect, tangible and intangible ... Policy - Structure and Guidelines ã December 2001 17. Records retention and backup 18. Security Awareness and education 19. Partner and 3 rd party connectivity 20. System development and deployment 21. ... monitoring and audit for policy compliance 13. Firewall implementation and management 14. Virus prevention and protection 15. System and network ownership and management 16. End user accountability and...

Ngày tải lên: 17/09/2012, 09:40