Browsing by Subject "Business, Finance"
Now showing items 1-13 of 13
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Accounting disclosures, accounting quality and conditional and unconditional conservatism
(2011)This study investigates the motives of UK listed companies when reporting high and low quality accounting disclosures. It also examines the relation between the quality of published financial statements and earnings ... -
Audit quality in common-law and code-law emerging markets: Evidence on earnings conservatism, agency costs and cost of equity
(2012)This study focuses on firms that are audited by a big auditor and examines the differentiation in the earnings management potential and the level of conservatism. It also investigates whether being audited by a big auditor ... -
Characteristics of UK firms related to timing of adoption of Statement of Standard Accounting Practice No. 20
(2006)This study examines whether the timing of adoption of the UK Statement of Standard Accounting Practice No. 20 'Foreign Currency Translation' depended on firms' financial characteristics. Consistent with US studies, we find ... -
Corporate philanthropy in the US stock market: Evidence on corporate governance, value relevance and earnings manipulation
(2015)This study examines the financial attributes of corporate philanthropy derived from the agency motives for corporate giving. Further, this study assesses the value relevance of corporate giving and investigates the impact ... -
Cost of capital, audit and earnings quality under financial crisis: A global empirical investigation
(2015)This paper investigates the cost of capital and the changes of audit quality and earnings management influencing on it due to financial crisis of 2008. Using linear regression analysis, 137,091 firm-year observations from ... -
Does central bank transparency affect stock market volatility?
(2014)This paper addresses the issue of impacts of central banks' transparency on stock market volatility. Using a simple theoretical macroeconomic model, we analytically find a negative link between stock prices volatility and ... -
Dynamic European stock market convergence: Evidence from rolling cointegration analysis in the first euro-decade
(2010)The introduction of the euro epitomizes European economic integration. This paper assesses the dynamic process of convergence among four major European stock markets in the first euro-decade. Using tests that allow for ... -
An Empirical Investigation of Goodwill in Austria: Evidence on Management Change and Cost of Capital
(2014)This study assesses whether new chief executive officers (CEOs) or CEOs in their early tenure carry out goodwill impairments more intensively than senior CEOs. Further, it investigates the relationship between cost of ... -
Estimating the degree of operating efficiency gains from a potential bank merger and acquisition: A DEA bootstrapped approach
(2013)We propose a bootstrapped Data Envelopment Analysis (DEA)-based procedure to pre-calculate and pre-evaluate the short-run operating efficiency gains of a potential bank merger or acquisition (M&A). As an illustrative ... -
The Feldstein-Horioka puzzle across EU members: Evidence from the ARDL bounds approach and panel data
(2008)This paper addresses the saving-investment (SI) correlation for the EU 15 member countries, using the ARDL approach and panel regressions. If we accept the Feldstein-Horioka [Feldstein, M. and C. Horioka, 1980, Domestic ... -
Intraday exchange rate volatility transmissions across QE announcements
(2015)This paper examines the effects of quantitative easing (QE) announcements by the European Central Bank (ECB), the Bank of England (BoE) and the Bank of Japan (BoJ) on the intraday volatility transmissions among EUR, GBP ... -
The risk relevance of International Financial Reporting Standards: Evidence from Greek banks
(2013)The main purpose of the paper is to estimate market, interest rate and exchange rate risk of Greek financial institutions and to explore the relationship between market-based measures of risk and accounting variables before ... -
Terrorism and capital markets: The effects of the Madrid and London bomb attacks
(2011)Using event study methodology and GARCH family models, the paper investigates the effects of two terrorist incidents - the bomb attacks of 11th March 2004 in Madrid and 7th July 2005 in London - on equity sectors. Significant ...