Showing 1 - 10 of 3,605
Purpose – The purpose of this paper is to document the determinants and value relevance of corporate disclosure and … transparency on the Ghana Stock Exchange (GSE). Design/methodology/approach – The paper employs the Fama and French model by …-2008) Findings – The author found positive though statistically insignificant relationship between corporate disclosure and firm …
Persistent link: https://www.econbiz.de/10010688416
This paper examines whether a firm's commitment to increase transparency affects firm value and liquidity by studying … valuation effects for firms that opted into the special segments and documents positive effects on the liquidity of these firms … firms' liquidity and value; however, when a regulation with similar requirements is imposed on all firms in the market, the …
Persistent link: https://www.econbiz.de/10011052879
According to most academics and policymakers, transparency in monetary policymaking is desirable. I examine this … proposition in a small theoretical model emphasizing forwardlooking private sector behavior. Transparency makes it easier for …, transparency may be disadvantageous. It may actually be a policy-distorting straitjacket if the central bank enjoys low …
Persistent link: https://www.econbiz.de/10005083135
is socially worse in that inflation variability becomes larger. We also demonstrate that too high transparency of central …
Persistent link: https://www.econbiz.de/10004978185
Credibility is the bedrock of any crisis stress test. The use of stress tests to manage systemic risk was introduced by the U.S. authorities in 2009 in the form of the Supervisory Capital Assessment Program. Since then, supervisory authorities in other jurisdictions have also conducted similar...
Persistent link: https://www.econbiz.de/10011142183
Whilst the impact of globalisation and harmonisation is currently being witnessed around the globe, and the need to embrace the adoption of International Financial Reporting Standards (IFRSs) is becoming increasingly evident, certain jurisdictions have been much quicker in their embrace,...
Persistent link: https://www.econbiz.de/10011111963
Many questions have been raised as to whether financial accounting has become more conservative. The value relevance and qualitative characteristics of accounting information have become topics of particular relevance given the role they have assumed in influencing the value judgment of...
Persistent link: https://www.econbiz.de/10011258018
This paper considers components of the Liquidity Coverage Ratio – as well as certain prevailing gaps which may … necessitate the introduction of a complementary liquidity ratio. The definitions and objectives accorded to the Liquidity Coverage … operations. A ratio which would focus on the rate of liquidity transformations and which could also serve as a complementary …
Persistent link: https://www.econbiz.de/10011259211
Many questions have been raised as to whether financial accounting has become more conservative. The value relevance and qualitative characteristics of accounting information have become topics of particular relevance given the role they have assumed in influencing the value judgment of...
Persistent link: https://www.econbiz.de/10011260479
How does increasing globalization affect corporate transparency? Freer trade represents two facets and in theory has … ambiguous effects on corporate transparency. On the one hand, by exposing firms to more product market competition, it could … discourage discretionary disclosure. On the other hand, by opening up foreign markets and enhancing firms’ growth opportunities …
Persistent link: https://www.econbiz.de/10011083813