Using an innovative approach of following the downgrade or credit rating decisions by rating agencies, this paper develops an early-warning system of bank financial distress and critically evaluates the reliability and stability of the potential indicators or factors of banks in 13 emerging...

The forecasting of operating lease expense in valuation models like the discounted dividends model is more complex than the forecasting of non-lease cash operating expense. The reason is that lease expense depends on past real growth and inflation, due to the long lives of the leased assets,...

The huge volume of exchanges of financial - accounting information using new technologies and involves a degree of protection to be ensured. Depending on the type of information it is searched to determine “the level of security”, but also potential risks that concern, and technical...

The positive vision of the quality level of the firms can be improved through the construction of a synthetic qualitative indicator resulting from the whole of the information about the excellence of the business management. Therefore, we have tried to set up a new indicator that gathers...

Accounting measures of profitability are viewed by the academic literature with skepticism, perhaps even disdain. Accounting information and accounting rates of return are, however, relied upon extensively by market participants to compare and contrast the economic performance of alternative...

As investor and researcher interest in emerging markets increases, the question of the availability and reliability of financial information pertinent to these markets becomes more and more important. This paper examines the availability and quality of accounting information on Malaysian firms...