... F Inflation ,the ExchangeRate,and the GovernmentBalance Bankingcrises are accompaniedby a substantialincrease in inflationthat peaks inthe year after the crisis at almost28 percentagepoints abovethe ... (1981),Chari and Jaganathan(1988), and Allen and Gale (1998) For a review ofthe literature,see Bhattacharyaand Thakor (1988) -3- The recent banking crises in Mexico and East Asia were accompanied ... whetherbank distressled to a fall in bank lending,so we examinethe growthrate of total assets and of credit, and the breakdownof bank assets betweenloans and otherearningassets Finally,we look at...
... PICCININI AN EMPIRICAL ANALYSIS OF NATIONAL DIFFERENCES INTHE RETAIL BANK INTEREST RATES OFTHE EURO AREA by Massimiliano Affinito * and Fabio Farabullini* Abstract The availability of new harmonized ... regional data on bad loans and total loans and the Herfindahl indexes in each region have been calculated from Italian banks’ statistical returns; the data on Italian regions’ GDP are from the Italian ... two are a measure of national banking system liquidity (cash plus holdings of Government bonds as a share of total assets) and an indicator of bank capitalization (capital and reserves as a share...
... Lisa Kudrow Ashton Kutcher Neil LaBute Martin Landau Diane Lane Nathan Lane Jessica Lange Anthony LaPaglia Ali Larter Sanaa Lathan Queen Latifah Jude Law Martin Lawrence Denis Leary Matt LeBlanc ... Arquette David Arquette Patricia Arquette Rosanna Arquette Sean Astin Rowan Atkinson Charlotte Ayanna Dan Aykroyd Hank Azaria Kevin Bacon Simon Baker Alec Baldwin William Baldwin Christian Bale ... Bale Fairuza Balk Eric Bana Antonio Banderas Javier Bardem Ellen Barkin Jacinda Barrett Drew Barrymore Kim Basinger Angela Bassett Kathy Bates Michael Bay Adam Beach Sean Bean Warren Beatty Kate...
... steps implying that there are no transitions from AAA to default, but there are transitions from AAA to AA and from AA to default Thus, transitions ofthe intermediate state ( AAA → AA → default ) ... Fuhwa Commercial Bank; (18) Hua Nan Commercial Bank; (19) Jih Sun International Bank; (20) Land Bank of Taiwan; (21) International Bank of Taipei; (22) Ta Chong Bank Ltd.; (23) Taiwan Cooperative ... loan Finally, the kurtosis is excess implying that loan rates and risk-free rates were not normal The 28 domestic banks include: (1) Agricultural Bank of Taiwan; (2) Bank of Taiwan; (3) Bank of...
... that examine audit quality in developed economies can be classified into two main streams: the demand for audits ofa certain quality and the supply of audits ofa certain quality As regards the ... financial reporting and trading inthe securities market If there are any alleged violations ofthe Administration Regulations, then the CSRC investigates the case and determines the extent of ... significantly greater material income-increasing earnings management in pre-bankruptcy years than the statements of non-bankrupt firms, and that these bankrupt firms had been sanctioned by the SEC...
... of ex ante uncertainty Chowdry and Sherman (1996) demonstrate that an increasing lag between the fixing ofthe offer price and the beginning of trading results in bigger ex ante uncertainty and ... model, ex ante uncertainty explanation and the signaling model Inthe rest ofthe study I am going to focus on examining the winner’s curse model, ex ante uncertainty explanation and the signaling ... understanding ofthe characteristics and performance ofthe Chinese IPO market would be of great value for investors and scholars at home and abroad The large underpricing magnitude inthe Chinese...
... cost of debt financing is smaller than equity financing, as the differences inthe market’s and the management valuation of it are smaller than inthe case of equity financing To avoid getting into ... industry All financial data of 88 companies are derived from the financial statements on the website of these companies Synthesis and analysis of qualitative data combined with statistical analysis of ... scenario with external financing however, it is argued that companies maintain financial slack at all times, thus being able to internally finance its profitable projects 11 Financial slack as...
... performance It based on accounting financial of bank Another way to characterize performance is to distinguish between financial and nonfinancial performance (Ittner, 2008) The financial performance ... According E-economic (2012), An Annual report is a report created annually that provides an analysis and assessment ofthe trends ofthe past year An annual report can help one to understand the ... sheet manipulations and choices of accounting methods may also lead to values that allow only limited comparability ofthe financial strength of companies The non-financial performance can be measured...
... actual behavioural and attitudinal changes (Olso and Zanna 1991) To summarize, the evaluation framework just described supports users in performing a realistic task at their own pace by interacting ... analysis ofthe above measures indicates that the measures in (c) are simply a more precise version of measures (a) and (b) In fact, not only they assess the same information as measures (a) and ... (Olso and Zanna 1991) This can provide valuable information on what aspects ofthe argument were more influential (i.e., better understood and accepted by the user) - An additional measure of argument...
... relating to the patentability of biotechnology inventions and inthe procedural law prescribing the mechanisms for obtaining and maintaining patents The key features of Australian patent law are ... Faculty of Law University of Tasmania Private Bag 89 Hobart Tasmania 7001 Australia Printed by UniPrint University of Tasmania Private Bag 15 Hobart Tasmania 7001 Australia TABLE OF CONTENTS Preface ... requirement: manner of manufacture and exclusions from patenting Australian patent law still uses the same language of ‘manner of manufacture’ as used in early English patent legislation: section of the...
... that private agents may anticipate inflationary pressures and/or troubles inthe financial markets and/or transfer capital abroad As in Masson et al (1998), other factors that are found to have ... private and public investment) In addition to the lagged private saving ratio and the debt variable, the other control variables are the main determinants of saving usually employed inthe literature ... Austria, Belgium, Canada, Cyprus, Denmark, Finland, France, Germany, Greece, Ireland, Israel, Italy, Japan, Korea, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom,...
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... than the standard deviation ofthe remainder ofthe assets ofthe firm If the standard deviation ofthe existing assets ofthe firm is higher than the standard deviation ofthe new project, then ... special skill at identifying the next best use ofthe asset Habib and Johnsen present the case ofthe airline industry as an example ofthe use of debt as an asset-transfer mechanism and as a motivation ... exacerbating the overinvestment incentive The airline industry provides vivid examples of leasing as a financing structure Aircraft and aircraft fleets are tangible assets that can be easily separated...
... analysis ofempirical data and careful examination of patterns inthe data to understand and explain the phenomena of interest.93 Theempirical strategy chosen accords with the research target and with ... the program was ended in 1999 The importance of success factor research also was shown by a literature review ofthe Strategic Management Journal, the Academy of Management Journal, and the Administrative ... bias See VENKATRAMAN/RAMANUJAM (1986, p 808) See VENKATRAMAN/RAMANUJAM (1986, p 808) Secondary published data are easy to access, and popular databases which have proven reliable in this research...
... volume, and reliability of goods, the nature and extent of services, and inthe case of intangible property, the nature ofthe property, the form ofthe transaction, and the anticipated level of profitability ... tax transparency and compliance Some of these initiatives include the establishment ofthe OECD Forum on Tax Administration (FTA)6 and the Global Forum on Transparency and Exchange of Information ... very large increases in tax revenues (Markham, 2012) Many countries such as Australia, the United States of America, Japan, Canada and the United Kingdom, have therefore all increased the incidence...
... included inthe sample if the appropriate proxy and financial statement data are available inthe fiscal year preceding the first occurrence ofthe financial statement fraud Such proxy and financial ... and Financial Statement Fraud 451 TABLE Matching of Fraud Firms and No-Fraud Firms ($ in thousands) Fraud-Firms Mean [Median] (Standard Deviation) No-Fraud Firms Mean [Median] (Standard Deviation) ... enhances the board of director' capacity to act as a management control by providing more detailed knowledge and understanding of financial statements and other financial information issued by the...
... that at the beginning ofthe sample each one-point increase in G was associated with a decrease in Tobin’s Q of 2.2 percentage points and by the end ofthe decade, a one-point increase in G was ... Hodgson, A. , Lhaopadchan, S., & Buakes, S (2011) How informative is the Thai corporate governance index? A financial approach International Journal of Accounting and Information Management, 19(1), ... that optimally adjust the costs and benefits of these governance choices Additionally, another interpretation ofthe weak and mixed results was that the commercial ratings contained a large amount...
... generally, other aspects of social psychology including social learning, relationship building and maintaining, attitude and imitation, group decision making, intergroup interaction, and bargaining and ... purchase intention, whatever their origin and price, brand name always has a certain strength When products assocciate with a brand name they will share a symbolic meaning and a core of values ... Exploratory Factor Analysis, a general rule is that the minimum sample size is to have at least five times as many observations as thenumberof variables to be analyzed and - 22 - larger than 100...