This study explores the impact of different ownership types on the efficiency of the provision of water utilities. Theories and evidence have shown a puzzling relationship between ownership and performance. Moreover, relatively recent contributions (Andrews et al., 2011) have argued that this...

This study explores the impact of different ownership types on the efficiency of water utilities. Theories and evidence have shown a puzzling relationship between ownership and performance. Moreover, relatively recent contributions (Andrews et al., 2011) have argued that this relationship can be...

Prior studies that examine the application of neural networks in auditing investigate the efficiency of artificial neural networks (ANNs). In the present study, considering the well known disadvantages of artificial neural network, we propose the application of probabilistic neural networks...

Using a sample of 50 countries during 2000-2008, this study investigates the possible impact of insurance regulations on life insurance consumption. The evidence reveals a negative and statistically significant association between supervisory control of the policy conditions of life annuities...

Using a dataset of around 3,000 commercial banks from over 100 countries, I examine the impact of financial consumer protection policies on the cost of financial intermediation. I find evidence that the existence of internal mechanisms for handling complaints, requirements for fair treatment,...

This study presents the first attempt to develop classification models for the prediction of share repurchases using multicriteria decision aid (MCDA) methods. The MCDA models are developed using two methods namely UTilités Additives DIScriminantes (UTADIS) and ELimination and Choice Expressing...

Macro prudential regulation requires a rigorous process for calculating bank capital charges based on their systemic risk. Using data from the largest global financial institutions we document the existence of extreme event dependence between banks during the recent financial crisis....