1997 bort et al 1998 masubuchi et al 1998 masubuchi et al 1999 masubuchi et al 2000 masubuchi et al 2003 gomez lechon et al 2003a gomez lechon et al 2003b lim et al 2006
... that board smallness was associated with higher market evaluations as well as higher returns on assets, sales over assets, and return on sales (ROS) Since, there is not clear empirical evidence, ... effort to maximise the value of shareholder (e.g Fistenberg and Malkier, 1994; Salmon, 1993; Denis and McConnell, 2003; Becht et al. , 2003) According to Iskander and Chambrou (2000) the board of directors ... must “reflect all material correcting adjustments” that have been identified by the auditors Each annual and quarterly financial report must disclose all material off-balance sheet transactions...
... Becker etal (1998) , DeFond & Subramanyam (1998) , Francis etal (1999) , Francis & Krishnan (1999) , Lennox (1999) , and Basu etal (2001) Apart from the papers we review, there are several studies ... 8.61 8.77 Firm age All Big non-Big All Big non-Big All Big non-Big All Big non-Big All Big non-Big All Big non-Big All Big non-Big All Big non-Big All Big non-Big All Big non-Big All Big non-Big ... it has also been used in other published Australian IPO research (Lee et al. , 2003a, 2003b) It has also been shown (for an earlier time period) to be closely related to underwriting market share...
... (e.g., Kadous 2000, 2001; Lowe etal 2002; Brandon and Mueller 2006) or judges (e.g., Lowe and Reckers 1994; Jennings etal 1998; Jennings etal 1993; Anderson etal 1997) What are the advantages ... bias in decision evaluation Journal of Personality and Social Psychology 54 (4): 569–579 Bertelsen, K L 1998 From specialized courts to specialized juries: Calling for professional juries in complex ... judges are better than juries, especially in professional malpractice suits (e.g., Bertelsen 1998; see also Palmrose [2005] as related to the liability of auditors) Helland and Tabarrok (2000) document...
... – 297; TA – total assets; ln TA – the natural logarithm of total assets; Ln DTA – the natural logarithm of squared changes in total assets; SQ ln BVE – the square root of natural logarithm of ... natural logarithm of BVE ½ lnðBEÞ 2; The natural logarithm of the client’s assets [ln TA] The natural logarithm of squared changes in of total assets ½lnðDTAÞ2 ; MVE [ln MVE] The natural logarithm ... regulators in Malaysia Keywords Auditors, Auditing, Customer relations, Malaysia Paper type Research paper Managerial Auditing Journal Vol 21 No 7, 2006 pp 724-737 q Emerald Group Publishing Limited...
... year Wall Street Journal, p C3 Weil, J (2004b, December 23) Fannie’s dismissal of KPMG shows dwindling choices among Big Four Wall Street Journal, p C1 Weymann, E., Raiborn, C., & Schorg, C (2003, ... financial statements in the past five years • Develop an organizational policy to help evaluate the ethical “tone at the top” in current and potential client companies • Develop an organizational ... (2000, February) Practice alert 2000- 2: Quality of accounting principles—Guidance for discussions with audit committees Retrieved January 2, 2005, from http:// www.aicpa.org/pubs/cpaltr/apr2000/...
... full details can be found in Musette lecture [91] The algorithm of the singular manifold method We now have all the ingredients to give a general exposition of the method in the form of an algorithm ... effectiveness of the used methods is pointed out, from the other hand the interested reader can experience directly the different geometrical, algebraical and analytical machineries involved I ... elaboration of the singular manifold method by Weiss et al. , many improvements have been made After some basic recalls, we give an interpretation of the method allowing us to understand why and how...
... both analytical and numerical analysis of magnetic fields and forces, his research interests include novel numerical modeling methods and applications, especially in acoustics, mechanical-acoustic ... Thermal and Particle Diffusion 87 Introduction 87 Spatial Discretizations and Electrical Networks for Thermal and Particle Diffusion 88 TLM Algorithm for a 1-D Link-line Nodal ... rules are determined by the laws of electromagnetics All numerical techniques involve discretization In most traditional approaches the physics is first modeled as a differential or integral equation,...
... nuclei are occasionally also present in upper epithelial layers of severe reactive and inflammatory change (al- Saleh etal 1995; Bulten etal 1996; Kruse etal 2001; Pirog etal 2002) The expression ... (Cameron etal 2002; Negri etal 2003; Ishikawa etal 2003; Murphy etal 2004) ACIS is positive for CEA, in contrast to CEA-negative microglandular hyperplasia, tubal metaplasia or endometriosis ... monoclonal antibodies, refer to the historical literature (Moll etal 1982, 1983; Czernobilsky etal 1984; Makin etal 1984; Tsutsumi etal 1984; Levy etal 1988) Reasons for Use The reasons for...
... 94 Humoral Immunity Tests of B-Cell Function 96 Molecular Biological Methods Analytical Techniques 98 X Contents Clinical Immunology Immunodeficiencies Humoral Immunodeficiencies ... Wolfensberger, Hopital Jules Gonin, Lausanne XIII List of Abbreviations AA Ab ACE ACh ADCC Ag AIDS AIHA AILD ALCL ALL ALT AMA AML ANA ANCA AP APC ARC AST BAL BALT BCG BCR Cn CALLA CBR CD CDR CFU ... sheath (PALS) They are surrounded by B lymphocytes that form the socalled marginal zone Small clusters of B lymphocytes (primary follicles) can always be found in the marginal zone of the PALS During...
... Dermatology University Hospital 205 02 Malmử Sweden Frick, Malin Department of Occupational Dermatology General Hospital 214 01 Malmử Sweden Frosch, Peter J (e-mail: peter.frosch@klinikumdo.de) ... Bjửrkner, Bert Dept Occupational Dermatology General Hospital 214 01 Malmử Sweden Alanko, Kristiina (e-mail: Kristiina.Alanko@ttl.fi) Finnish Institute of Occupational Health Topeliuksenkatu 41 aA ... Amsterdam The Netherlands Bruze, Magnus (e-mail: magnus.bruze@derm.mas.lu.se) Department of Occupational and Environmental Dermatology University Hospital Malmử 205 02 Malmử Sweden Coenraads, Pieter-Jan...
... Department of Medical Gastroenterology, Rikshospitalet University Hospital, Oslo, Norway Consultant Gastroenterologist, Westmead Hospital, Westmead, NSW, Australia Chief, Central Division of Gastroenterology, ... the sigmoid colon He also inserted a small light bulb at the distal end for better illumination In the same year, Laws used a thin metal rod with a miniature light bulb installed at the tip, inserted ... for intraluminal microscopic observation of rectal mucosa by Yamagata and Miura [11], although the first referenced report of dye methodology in the field of gastroscopy was by Tsuda etal in 1966...
... sich ziehen und als deren Kehrseite Sie als ArbeitgeberIn eine ganze Reihe von Pflichten treffen 1.2 Die sechs Gleichbehandlungsmerkmale Das Gesetz beinhaltet insgesamt sechs Merkmale auf Grund ... Fall der Nichtbeachtung der Vorgaben eintreten Auch sollten Sie allen Beschäftigten eine Beschwerdemöglichkeit anbieten, die unabhängig von Vorgesetzten etwaige Vorwürfe prüft und gegebenenfalls ... gehalten und ist nun, gewissermaßen durch die Hintertür, für alle Arbeitgeber als Folge des AGG verpflichtend geworden Personalprozesse und Kundenkontakte müssen benachteiligungsfrei gestaltet...
... dealings wrongly allowed Enron to report profits on the sales and, almost simultaneously, increase the book value of some assets Fair-Value Restatements GAAP requires companies to revalue marketable ... intangible assets are not periodically restated to fair values But, as proponents of fair value for financial assets might argue, while fair values are not allowed for fixed and intangible assets, they ... international counterpart, the IASB—the move toward “fair-value” accounting—is misplaced Fair values are not always market values, that is, values based on arm’s-length reliable market transactions...
... national economy compared to less volatile capital markets Too often, these weak national systems are linked inefficiently to global capital markets, increasing the cost of capital locally to all ... enabled globalization The barriers that used to define local, regional, and national financial markets began to erode Emerging markets and transitional economies from the former Soviet bloc joined ... 1995 2000 *Absolute value of capital inflows Source: IMF—International Financial Statistics; McKinsey analysis 30 UNDERSTANDING FINANCIAL CRISES FIGURE 2.4 Two self-reinforcing capital market hubs...
... equals zero PRICE—Price at the end of month t Ϫ Q—The market value of assets divided by the book value of assets (Compustat item 6), where the market value of assets is computed as book value ... from the table The calculation of G and the subindices is described in Section II Q is the ratio of the market value of assets to the book value of assets: the market value is calculated as the ... the VW returns (Democracy minus Dictatorship) are economically large in all cases and, second, the EW abnormal returns are usually about two-thirds of the VW abnormal returns Most of the return...
... (Magnan et al. , 1999; Makar and Alan, 1998; Key, 1997; Hall and Stammerjohn, 1997; Mensah et al. , 1994; Jones, 1991; Lim and Matolosy, 1999) have studied earnings management during political, regulatory ... 1994 mean 1996 mean Minimum Non-discretionary current Discretionary current Non-discretionary total Discretionary total Book value of assets Sales Market value of equity Maximum Mean Standard ... directors B Xie etal / Journal of Corporate Finance (2003) 295–316 307 Finally, we show that the log of book value to total assets, the log of sales, and the log of the market value of equity...
... Vishny 1997) July Two meta-analyses provide some context and illustrate the general state of corporate governance research relying on agency theory (Dalton etal 2003; Dalton et al. , 1998) While ... scholars have discussed the limitations of agency theory, particularly as applied to corporate governance research (Dalton et al. , 2003; Dalton et al. , 1998; Lane et al. , 1998) Moreover, agency theory ... financial performance, whether measured as accounting returns or market returns (see, for example, Dalton et al. , 1998, for an overview) Extant empirical research, however, provides virtually no...
... Engel etal / Journal of Accounting and Economics 36 (2003) 197–226 203 reflected in current changes in market value Third, changes in market value reflect not just current value creation, but also ... market returns is current managerial value creation (that is, no noise) If R2 ¼ 1; then earnings and returns are completely equivalent as measures of managerial performance For the more realistic ... empirical analyses, we follow Bushman etal (2004) and use an earnings timeliness measure developed by Ball etal (2000) to capture the earnings/change-inmarket-value association These papers define...