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Excess perks and stock price crash risk: Evidence from China

Xu, Nianhang; Li, Xiaorong; Yuan, Qingbo; Chan, Kam C. - In: Journal of Corporate Finance 25 (2014) C, pp. 419-434

We investigate the impact of excess perk consumption on crash risk in state-owned enterprises in China. To enjoy excess … future stock price crash risk. Consistent with this assertion, we find a positive correlation between excess perks and crash … risk. The findings are robust to the inclusion of other determinants of crash risk identified in the literature, such as …

Persistent link: https://www.econbiz.de/10010753530

Accounting's role in the financial crisis

Hitzel, Courtney - In: African Journal of Accounting, Auditing and Finance 2 (2013) 2, pp. 146-156

This paper discusses the role accounting had in the financial crisis. It delves into how accounting helped invoke the financial crisis, what impacts the financial crisis is having on accounting and what can be done now. The research method used is literature review. The causes of the financial...

Persistent link: https://www.econbiz.de/10010699272

When the Cat Is Near, the Mice Won't Play: The Effect of External Examiners in Italian Schools

Bertoni, Marco; Brunello, Giorgio; Rocco, Lorenzo - Institute for the Study of Labor (IZA) - 2012

We use a natural experiment to show that the presence of an external examiner in standardized school tests reduces the proportion of correct answers in monitored classes by 5.5 to 8.5% – depending on the grade and the test – with respect to classes in schools with no external monitor. We...

Persistent link: https://www.econbiz.de/10010814463

Managerial compensation and the debt placement decision

Albring, Susan M.; Khurana, Inder K.; Nejadmalayeri, Ali; … - In: Journal of Corporate Finance 17 (2011) 5, pp. 1445-1456

Extant research argues that borrowing from financial intermediaries subjects managers to external monitoring. However, given managers' flexibility in choosing the type of debt financing, why would managers submit themselves to external monitoring? Recent theory points to the role of managerial...

Persistent link: https://www.econbiz.de/10010574246

When the cat is near, the mice won't play: the effect of external examiners in Italian schools

Bertoni, Marco; Brunello, Giorgio; Rocco, Lorenzo - London School of Economics (LSE) - 2013

We use a natural experiment to show that the presence of an external examiner has both a direct and an indirect negative effect on the performance of monitored classes in standardized educational tests. The direct effect is the difference in the test performance between classes of the same...

Persistent link: https://www.econbiz.de/10010746204

The Pitfalls of Transition: Crowding Out the National Virtues

Miljkovic, Dragan - European Association of Agricultural Economists - EAAE - 2007

In this paper a view is advanced that explains why the transition to markets did not always lead to the outcomes predicted by the Washington Consensus type strategies. Institutional portfolio theory is used to define a myriad of interests and goals of a transition economy. A model is developed...

Persistent link: https://www.econbiz.de/10005060801

When the Cat is Near, the Mice Won't Play: The Effect of External Examiners in Italian Schools

Bertoni, Marco; Brunello, Giorgio; Rocco, Lorenzo - Centre for Economic Performance, LSE - 2013

Persistent link: https://www.econbiz.de/10010610741

When the cat is near, the mice won't play: The effect of external examiners in Italian schools

Bertoni, Marco; Brunello, Giorgio; Rocco, Lorenzo - In: Journal of Public Economics 104 (2013) C, pp. 65-77

We use a natural experiment to show that the presence of an external examiner has both a direct and an indirect negative effect on the performance of monitored classes in standardised educational tests. The direct effect is the difference in the test performance between classes of the same...

Persistent link: https://www.econbiz.de/10010682524

OECDâ€™s work on agricultural policy: A bridge between research and government

Cahill, Carmel - In: Journal of International Agricultural Trade and Development 59

The role of the OECD in linking the research and policy communities is described as well as the processes whereby OECD member countries scrutinize the work undertaken. A major project on decoupling of agricultural policy measures is used to illustrate the approaches and processes used. Attention...

Persistent link: https://www.econbiz.de/10011143141

Risikoberücksichtigung in der nicht parametrischen Effizienzanalyse: Auswirkungen auf die Effizienzbewertung von deutschen Schweinemastbetrieben

Tiedemann, Torben; Breustedt, Gunnar; Latacz-Lohmann, Uwe - In: Journal of International Agricultural Trade and Development 60 (2011) 4

In diesem Beitrag werden zwei Modellansätze zur Integration von Risiko in die Data Envelopment Analyse (DEA … angewendet. Beide Ansätze bilden das Risiko des Gesamtbetriebs in Form der Schwankungen des betrieblichen Gesamtdeckungsbeitrags … der Ergebnisse mit denen eines Standard-DEA-Modells wird gezeigt, dass die Berücksichtigung von Risiko zu veränderten …

Persistent link: https://www.econbiz.de/10011143155