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Audit Committees in Central Banks
Sullivan, Kenneth; Gilson, Marie-Thérèse Camilleri; … - International Monetary Fund (IMF) - 2007
accountability and good central bank governance. It outlines the motivations for the establishment of audit committees in commercial … bank. The paper focuses on the functions of an audit committee, since the terminology of the governance structure is often … implications for central bank legislation. …
Persistent link: https://www.econbiz.de/10005605398
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People’s Republic of China; Detailed Assessment Report: IOSCO Objectives and Principles of Securities Regulation
International Monetary Fund (IMF); International … - 2012
This paper discusses a detailed assessment report on the observance of China’s compliance with the International Organization of Securities Commission's objectives and principles of securities regulation. The reform of nontradable shares introduced a market-based pricing system for...
Persistent link: https://www.econbiz.de/10011242961
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Australia; Financial Sector Assessment Program: Technical Note: Investor Protection, Disclosure, and Financial Literacy
International Monetary Fund (IMF); International … - 2006
This study reviews selected issues on investor protection and corporate governance in Australia, and concludes that the corporate governance framework for Australian-listed companies is largely healthy and dynamic. Shareholder activism is an important element of corporate governance because it...
Persistent link: https://www.econbiz.de/10011243130
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How Does Privatization Work? Ownership Concentration and Enterprise Performance in Ukraine
Pivovarsky, Alexander - International Monetary Fund (IMF) - 2001
This paper investigates the relationship between ownership concentration and enterprise performance in Ukraine. Using data on 376 medium and large enterprises, it finds that ownership concentration is positively associated with enterprise performance in Ukraine. The paper also finds that...
Persistent link: https://www.econbiz.de/10005826048
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Unstash the Cash! Corporate Governance Reform in Japan
Aoyagi, Chie; Ganelli, Giovanni - International Monetary Fund (IMF) - 2014
Japan’s high corporate savings might be holding back growth. We focus on the causes and consequences of the current corporate behavior and suggest options for reform. In particular, Japan’s weak corporate governance—as measured by available indexes—might be...
Persistent link: https://www.econbiz.de/10011142069
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Cashing in for Growth: Corporate Cash Holdings as an Opportunity for Investment in Japan
Sher, Galen - International Monetary Fund (IMF) - 2014
Over the last two decades, cash holdings in nonfinancial firms around the world have increased. This phenomenon is particularly concerning in Japan, where the success of Abenomics depends on a transition from stimulus-driven to self-sustaining growth based on private consumption and investment....
Persistent link: https://www.econbiz.de/10011142082
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Bank Size and Systemic Risk
Laeven, Luc; Ratnovski, Lev; Tong, Hui - International Monetary Fund (IMF) - 2014
The proposed SDN documents the evolution of bank size and activities over the past 20 years. It discusses whether this … extent to which bank size and market-based activities contribute to systemic risk. The paper concludes with policy messages …
Persistent link: https://www.econbiz.de/10011123893
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Effects of Culture on Firm Risk-Taking; A Cross-Country and Cross-Industry Analysis
Mihet, Roxana - International Monetary Fund (IMF) - 2012
This paper investigates the effects of national culture on firm risk-taking, using a comprehensive dataset covering 50,000 firms in 400 industries in 51 countries. Risk-taking is found to be higher for domestic firms in countries with low uncertainty aversion, low tolerance for hierarchical...
Persistent link: https://www.econbiz.de/10011242211
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Cooperative and Islamic Banks; What can they Learn from Each Other?
Al-Muharrami, Saeed; Hardy, Daniel C. - International Monetary Fund (IMF) - 2013
efficiency concerns implied by Shari’ah constraints. Greater risk sharing among cooperative bank stakeholders, using mechanisms …
Persistent link: https://www.econbiz.de/10011242373
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Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management
Al-Hassan, Abdullah; Papaioannou, Michael G; Skancke, Martin - International Monetary Fund (IMF) - 2013
This paper presents in a systematic (normative) manner the salient features of a SWF‘s governance structure, in relation to its objectives and investment management that can ensure its efficient operation and enhance its financial performance. In this context, it distinguishes among the...
Persistent link: https://www.econbiz.de/10010790296