Search results for "IT market."

Joint Audit, Audit Market Structure, and Consumer Surplus

2017

We use a structural application of the discrete choice model to investigate how the introduction of a joint audit policy would affect audit market structure and consumer surplus. We perform this policy evaluation by identifying demand fundamentals in a joint audit regime and applying them to a single audit regime. We find that a joint audit requirement has the potential to change the audit market structure substantially but that the effects are sensitive to the specific policy design. For example, small audit firms gain market share in a joint audit regime but only if an equal sharing of the workload between the two joint auditors is not required. Our counterfactual analysis reveals that th…

Essays on financial stability: an analysis based on NUTS2 and NUTS3 data for Italy

How Law Affects Lending

2006

A voluminous literature seeks to explore the relation between law and finance, but offers little insights into dynamic relation between legal change and behavioral outcomes or about the distributive effects of law on different market participants. The current paper disentangles the law-finance relation by using disaggregate data on banks’ lending patterns in 12 transition countries over a 8 year period. This allows us to control for country level heterogeneity and differentiate between different types of lenders. Employing a differences-in-differences methodology in an exclusive ”laboratory” setting as well as unique hand collected datasets on legal change as well as changes in bank ownersh…

Un análisis empírico del impacto de la regulación contable en el mercado de auditoría

2017

El objetivo de la presente tesis se centra en el estudio de la estructura del mercado de la auditoría así como en analizar el impacto económico que la regulación contable ejerce sobre determinados elementos del mercado de auditoría (honorarios y rentabilidad de las firmas de auditoría). A partir de la publicación del Reglamento europeo 1606/2002 se requirió a los grupos cotizados que formulasen sus estados financieros consolidados desde el 1 de enero de 2005, conforme a las Normas Internacionales de Información Financiera o NIIF. En España, la adaptación de las NIIF al resto de empresas, no se llevó a cabo hasta la aprobación del Nuevo Plan General Contable (NPGC) y del plan para pequeñas y…

Credit market failures and policy

2009

In a simple model of the credit market, based on Stiglitz-Weiss (1981), equilibria are computed and optimal policies to correct market failures are characterized. Some widely applied policies, notably interest-rate subsidies and investment subsidies, are compared to theoretical optimum, and an alternative optimal policy is described which we argue is more robust to model misspecification. An insight on the trade-off between credit policy and infrastructural investment is also offered. A discussion of some aspects of regional policy in Italy's Mezzogiorno is finally presented as an application of the analysis.

Backbone of credit relationships in the Japanese credit market

2016

We detect the backbone of the weighted bipartite network of the Japanese credit market relationships. The backbone is detected by adapting a general method used in the investigation of weighted networks. With this approach we detect a backbone that is statistically validated against a null hypothesis of uniform diversification of loans for banks and firms. Our investigation is done year by year and it covers more than thirty years during the period from 1980 to 2011. We relate some of our findings with economic events that have characterized the Japanese credit market during the last years. The study of the time evolution of the backbone allows us to detect changes occurred in network size,…

Ongoing Economic Restructuring in the Wake of the Latest Economic Crisis: A Russian Perspective

2013

Abstract The latest economic crisis has brought into focus long-standing discussions regarding the role played by services in contemporary economies. Whether viewed as a support for the well-established manufacturing sector, or growth engine in its own right, the third economic sector has become a focus point for policy makers worldwide. The paper follows the effects of the crisis on the tertiarization process, with an emphasis on developing economies, where this phenomenon is barely coming of age. The research is centered on the IT market, as this is seen as a comprehensive measure of the maturity and sophistication of the services sector.

Limiti e criticità nell’intermediazione creditizia.

2011

Droghe leggere e criminalità organizzata: una relazione problematica

2022

Il contributo analizza il tema dei rapporti tra trattamento penale delle droghe c.d. “leggere” e contrasto alla criminalità organizzata dedita al narcotraffico, con riguardo all’ordinamento europeo, internazionale e di alcuni Paesi dell’UE (Spagna, Portogallo, Grecia, Germania e Italia). Seguendo un approccio di tipo integrato, all’analisi del dato normativo si affianca la descrizione della fenomenologia dei traffici e la valutazione dei primi effetti che le riforme antiproibizioniste entrate in vigore in alcuni ordinamenti del Nord e del Sud America hanno prodotto sul fronte del mercato illecito. Il fine è di evidenziare i punti di forza e di debolezza dei modelli di depenalizzazione, tene…

Changes and Challenges Facing the Audit Profession in Latvia

2014

Abstract The history of certified auditing and audit services in the Latvian market has now existed for twenty years. It is not a long period of time when compared to other countries and the history of the audit profession. However, during these twenty years the audit profession in Latvia has experienced dynamic development along with a positive trend in the Latvian audit market. The main purpose of this paper is to describe the audit profession in Latvia and assess the expected impact of changes on the audit market by evaluating audit quality management, mainly focusing on the situation since Latvia's accession to the EU, with particular reference to the problems related to the development…