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act in a context of extreme information asymmetry and potentially exorbitant agency costs. The rigorous governance of …
Persistent link: https://www.econbiz.de/10005100497
are very similar to those of private financing. The program rests on strong governance, clear rules and stakeholder …
Persistent link: https://www.econbiz.de/10005100612
Did fair value accounting play a role in the current financial crisis? This appendix explores the issue. Fair value accounting implies that assets and liabilities get measured and reflected on a firm`s financial statements at their market value, or close substitutes. Extensive academic research...
Persistent link: https://www.econbiz.de/10005100957