Search results for "Econometric"
showing 10 items of 3780 documents
FISCHER, WOLFRAM (Hrsg.): W�hrungsreform and Soziale Marktwirtschaft. Erfahrungen und Perspektiven nach 40 Jahren. Berlin: Duncker & Humblot 1989…
1991
Korn, Andreas: Weltwirtschaft und internationale Verschuldung: Eine Analyse von Ursachen, Auswirkungen und L�sungsans�tzen der internationalen Schuld…
1991
Beckh, Susanne:Das Instrumentarium der deutschen Bundesbank seit dem Übergang zur Geldmengensteuerung.Berlin: Dunker & Humblot 1990. 113 S., DM 5…
1991
Thinking About Something Else: A Rationality‐Compatible Mechanism with Macroscopic Consequences
2001
Does Ethical Activism Lead to Firm Relocation?1
2004
La premiere generation de l'activisme ethique a conduit les decideurs politiques des pays developpes a imposer des normes ethiques contraignantes sur les industries domestiques. A cause des couts generes par ces pressions ethiques, certaines firmes ont delocalise leurs activites de production vers des pays plus laxistes. La seconde generation d'activisme ethique a directement vise les firmes en menacant leur profit sur les marches de consommation, independamment de leur localisation. Nous montrons que, dans certaines circonstances, cette deuxieme generation peut conduire les firmes a reconsiderer la localisation de leur production. Nous en deduisons que l'activisme ethique peut constituer u…
Thinking about something else: a rationality-compatible mechanism with macroscopic consequences
2001
International audience
El papel de las cooperativas de crédito en el sostenimiento de la España vaciada a través del capital social
2021
El sistema bancario viene experimentando grandes transformaciones, marcadas por la disminución del número de entidades y la concentración del negocio. Las cooperativas de crédito han logrado mantenerse relativamente aisladas de las turbulencias financieras de la pasada crisis gracias a políticas de inversión prudentes y la clara vocación territorial y de proximidad con el entorno, características que, junto con su carácter cooperativo, se han convertido en las principales fortalezas de este tipo de entidades de crédito. Por otra parte, la creciente desatención del sistema bancario hacia los territorios en retroceso demográfico ha propiciado la exclusión financiera de sus habitantes. En este…
Nonaudit services provided by incumbent auditors and earnings management: Evidence of auditor independence from an EU country
2011
ABSTRACTThis paper examines whether the joint provision of audit and non-audit services undermines auditor independence by testing for an association between the provision of consulting services and auditor independence measured by discretionary accruals. For the most part, previous literature has studied the issue in countries with an Anglo-American business environment. This study analyzes the possible impairment of auditor independence in the context of a continental European Union country (Spain). A cross-sectional regression is estimated to test the relationship between non-audit fees and reporting quality. Based on publicly available information for Spanish listed companies, the evide…
Audit quality and the going-concern decision-making process: Spanish evidence
2004
In this study, we attempt empirically to investigate the relationship between audit quality and the probability that a financially distressed company would receive a going-concern opinion. Auditor decision-making in the presence of going-concern uncertainties may be characterized as a two-stage process. The first stage is the identification of a potential going-concern problem and the second stage is to determine whether the particular company should receive a qualified going-concern opinion. A sample of 1,199 non-financial Spanish company-years has been obtained from the database issued by the Stock Exchange National Commission for the fiscal years ending between December 1991 and December…
Asymmetric covariance in spot-futures markets
2003
This article studies how the spot-futures conditional covariance matrix responds to positive and negative innovations. The main results of the article are achieved by obtaining the Volatility Impulse Response Function (VIRF) for asymmetric multivariate GARCH structures, extending Lin (1997) findings for symmetric GARCH models. This theoretical result is general and can be applied to analyze covariance dynamics in any financial system. After testing how multivariate GARCH models clean up volatility asymmetries, the Asymmetric VIRF is computed for the Spanish stock index IBEX-35 and its futures contract. The empirical results indicate that the spot-futures variance system is more sensitive to…