VOLUME 2(1) • 2007
INVESTMENT OPPORTUNITY, CORPORATE FINANCE, AND MANAGEMENT DISCLOSURES
ABSTRACT. Lai studies the association between investment opportunity and audit quality: high investment opportunity firms bear high agency cost that requires a higher level of audit quality, which will more likely constrain earnings management of those firms. Ruffino and Treussard contend that pursu..
THE DETERMINATION OF UNEMPLOYMENT BENEFITS
ABSTRACT. Roed and Zhang use a flexible hazard rate model with unrestricted spell duration and calendar time effects to analyse a dataset including all Norwegian unemployment spells during the 1990s. Starrin and Larsson's study contributes to the understanding of women's unemployment with emphasis o..
FINANCIAL PERFORMANCE AND REGULATION
ABSTRACT. Atkinson et al. argue that increasing complexity of financial services provision has made it more difficult for the average consumer to be sure they have made appropriate provision. Fujiwara et al. review how monetary policy should be conducted in a liquidity trap caused by the zero nomina..
CRIME, PUNISHMENT, AND SOCIETY
ABSTRACT. Criminal punishment should be understood in retributive terms as a response to wrongdoing that seeks to communicate deserved censure and to induce repentant understanding (Duff). Punishment invokes a primordial understanding of state power that remains highly credible (Caplow and Simon). L..
COMPARING MONETARY POLICY OPERATING PROCEDURES IN ASIA OPERATING
ABSTRACT. McCauley remarks that the transmission of the policy interest rate out the yield curve can be strongly affected by exchange rate expectations. Camen presents the current status of the reform of monetary policy in the context of economic and financial sector developments in Vietnam. Ito rev..
FINANCIAL INTEGRATION AND MONETARY POLICY OPERATING PROCEDURES
ABSTRACT. Andersen and Moreno claim that financial integration has been evident in frequently high correlations between asset yields or prices. Mohanty and Scatigna discuss the choice of exchange rate regime in the context of greater global financial integration, review recent movements of exchange ..
FINANCIAL INCLUSION VERSUS FINANCIAL EXCLUSION
ABSTRACT. McKillop et al. remark that credit unions, which embrace an income mix of members, may result in more sustainable credit unions in the longer term. Byrne et al. find that a significant number of people who borrow from money-lenders also borrow from mainstream sources of credit, and explain..
ENVIRONMENTAL MARKETING AND NATURE PROTECTION
ABSTRACT. Todd claims that environmentally aware individuals are already guided by their personal ethics; in trying to attract new consumers, environmentally minded businesses attach an aesthetic quality to environmental goods. According to Lozada, marketers should be encouraged to assess the cost o..
ACCOUNTING MEASUREMENT AND FINANCIAL REPORTING
ABSTRACT. Accounting management typically refers to the firm's discretionary choices which affect the firm's reported performance by altering the accounting measurement process; in their model, Liang and Wen interpret investment deviations from the first-best as an example of real earnings managemen..
THE MONOTONICITY OF ASSET PRICES TOWARD CHANGES IN RISK
ABSTRACT. The goal of this paper is the examination of the conditions on preferences to guarantee the monotonicity of asset prices, when their returns change in the sense of first- and second-order stochastic dominances. {downloads} {slider Authors' contacts:} MASAMITSU OHNISHI • YUSUKE OSA..
REMITTANCES AND REAL INVESTMENT: AN APPRAISAL ON SOUTH AND SOUTH EAST ASIAN ECONOMIES
ABSTRACT. This research analyzes the relationship between remittances and economic development in the context of South and South East Asian economies by using simultaneous equations model under the concept of panel data least-squares dummy variable regression model. Finally this paper comes out with..
THE IMPACT OF CONSTITUTIONAL PHILOSOPHY ON ECONOMIC REGULATION
ABSTRACT. This article addresses the intentions of the framers with regard to governmental participation in and control of business activity. This topic is particularly timely today as the U.S. defends its international position and considers the relevance of economic regulation enacted as long ago ..