VOLUME 5(1) • 2010
THE EFFECT OF GLOBALIZATION ON GOVERNANCE TRANSPARENCY
ABSTRACT. Kang and Kim explain that domestic acquirers are more likely to engage in post-acquisition governance activities when targets suffer from severe agency problems. Al-Shammari and Al-Sultan suggest that Kuwaiti regulatory authorities require listed companies to establish audit committees to ..
NEW MEDIA AND THE NATURE OF THE NEWS MARKET
ABSTRACT. Fenton maintains that claims for the democratization of the public sphere relate to the accessibility of the internet to producers and users. Hilligoss and Rieh propose a unifying framework of credibility assessment in which credibility is characterized across various types of information ..
DIRECTOR OVERLAP, ETHICAL FINANCIAL REPORTING, AND IMPROVEMENTS IN DISCLOSURE QUALITY
ABSTRACT. Zheng and Cullinan write that the compensation committee manages the compensation schemes of top executives, and that the audit committee is charged with providing oversight of the financial reporting process and internal controls, and with managing the relationship with the external audit..
HOW BAD GOVERNANCE PRACTICES INFLICTED SYSTEMIC RISKS ON THE GLOBAL ECONOMY
ABSTRACT. Moosa holds that a major casualty of the crisis is the Basel II Accord: the main weaknesses of Basel II are reliance on rating agencies and the use of internal models to determine regulatory capital requirements. McIlroy says that banks are regulated because of the possibility of systemic ..
THE ECONOMIC IMPACT OF EMPLOYER INVESTMENT IN TRAINING
ABSTRACT. Dawe outlines how large firms undertake training evaluation and measure returns on investment in training. Asplund explores the most recent research on the economic benefits arising from company-provided training. Rothwell et al. explain that trainers and HRD practitioners play an importan..
THE APPLICATION OF MATHEMATICAL MODELS IN DESCRIBING REAL ECONOMIC PROCESSES
ABSTRACT. Zhang uses computer simulation to demonstrate motion of economic systems. Benson demonstrates that an import tariff can lead to falling prices in the domestic economy, depending on the assumptions about demand functions and behavioral strategies. Giocoli asserts that economic analysis in t..
THE ROLE OF REGULATION IN BRINGING ABOUT EFFICIENCY IMPROVEMENTS
ABSTRACT. Levine et al. hold that clear and open regulatory procedures are the essential foundation of fair and effective regulation by telecom and other utility service regulatory agencies. Geradin claims that liberalization has significantly modified the regulatory framework applicable to network ..
BRAIN DRAIN AND UNDERDEVELOPMENT
ABSTRACT. Kahanec et al. identify the main scientific and policy challenges concerning migration in the enlarged EU. Rosenow focuses on the developments that led to the “surprising” emergence of integration policies as a new policy field at the EU level. Sahay holds that host countries have policies..
CORPORATE GOVERNANCE EFFECTIVENESS AND QUALITY OF EXTERNAL AUDIT
ABSTRACT. Stefaniak and Robertson investigate whether two interactive factors (the significance of the audit mistake and the anticipated professional repercussions of mistake admission) influence the likelihood of disclosing an audit error. Lin and Hwang test the effects of two levels of audit commi..
THE RISK ASSESSMENT PRACTICES OF AUDIT FIRMS
ABSTRACT. Abdullatif and Al-Khadash hold that the international audit firms generally apply a set of international quality control criteria to be applied in every individual country in which they operate. Mariani et al. write that firms with the largest absolute value of total accruals will show hig..
IS THERE A PH.D. GLUT IN ECONOMICS IN ACADEMIA?
ABSTRACT. The academic market for Ph.D. economists in academia works like any other semi heavily regulated market with a large element of government ownership and with large time lags in supply: there are shortages and surpluses, but these tend to be self correcting, with enough time allowed for adj..
PUBLIC SECTOR CREDIT RATING AGENCIES – A CONTRIBUTION TO A MORE STABLE GLOBAL FINANCIAL ARCHITECTURE
ABSTRACT. The design of a more stable global financial architecture is currently the most important topic on the international agenda. But compared to the dimensions of the financial crisis, the solutions that have been put forward seem rather modest. While there is no doubt that more transparency a..