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Corporate governance in Greece: developments and policy implications

Spanos, Loukas - EconWPA - 2005

The upgrading of the Greek capital market and the effort to join other mature capital markets has posed corporate governance reform as a first priority. In addition, the 2004 Olympic Games put the Greek market in the international spotlight and will likely invite interest from foreign investors....

Persistent link: https://www.econbiz.de/10005561586

False Modesty

Harbaugh, Rick; To, Dr. Theodore - EconWPA - 2005

Is it always wise to disclose good news? When both the sender and the receiver have private information about the sender's quality, we find that the worst sender type with good news has the most incentive to disclose it, so reporting good news can paradoxically make the sender look bad. If the...

Persistent link: https://www.econbiz.de/10005118518

Little Firms and Big Patents: The Incentives To Disclose Competencies

Gick, Wolfgang - EconWPA - 2004

This paper offers a theoretical treatment of information disclosure through patenting. We consider a signaling model in …

Persistent link: https://www.econbiz.de/10005134533

The Role of Information Disparity in the 1994/95 Mexican Peso

Bannier, Christina - EconWPA - 2003

In the Mexican Peso crisis 1994/95, the lack of readily available information, particularly regarding monetary aggregates, has often been commented on. This paper analyzes empirically whether information disparity with respect to economic fundamentals contributed to the crisis. Using historical...

Persistent link: https://www.econbiz.de/10005408154

Privacy or Publicity - Who Drives the Wheel?

Bannier, Christina E. - EconWPA - 2003

’ unease when disseminating news to the markets and argues against the recent trend of demanding full transparency both for …

Persistent link: https://www.econbiz.de/10005550876

HARMONIZATION OF VOLUNTARY DISCLOSURE PRACTICES BY JAPANESE COMPANIES

Globerman, Steven; SIngleton, W. Ron - EconWPA - 2004

The costs and benefits of harmonization of international accounting and disclosure practices by firms is an important … policy issue. This paper investigates the extent to which voluntary disclosure practices by Japanese firms have converged … since the collapse of Japan’s financial ‘bubble’ of the late 1980’s. Convergence of voluntary disclosure would suggest that …

Persistent link: https://www.econbiz.de/10005556435

Cost recovery by Government agencies

Commission, Productivity - EconWPA - 2002

The Commonwealth Government asked the Productivity Commisison to review cost recovery arrangements across the Government's regulatory,administrative and information agencies,and to develop guidelines for the future application of cost recovery.

Persistent link: https://www.econbiz.de/10005556926

Governance Matters III: Governance Indicators for 1996-2002

Kaufmann, Daniel; Kraay, Aart; Mastruzzi, Massimo - EconWPA - 2003

This paper presents estimates of six dimensions of governance covering 199 countries and territories for four time periods: 1996, 1998, 2000, and 2002. These indicators are based on several hundred individual variables measuring perceptions of governance, drawn from 25 separate data sources...

Persistent link: https://www.econbiz.de/10005561191

Rethinking Governance: Empirical Lessons Challenge Orthodoxy

Kaufmann, Daniel - EconWPA - 2003

emerging economies. We argue instead that sharper focus on external accountability is required, focusing on: transparency … financing reform, and transparency in parliaments, the judiciary and the executive. Recommendations on governance strategies for …

Persistent link: https://www.econbiz.de/10005561333

Transparency, Liberalization and Financial Crises

Mehrez, Gil; Kaufmann, Daniel - EconWPA - 2003

transparency We construct a model with imperfect information where banks cannot distinguish between aggregate shocks on the one …, significantly so in countries with poor transparency. …

Persistent link: https://www.econbiz.de/10005561599