Search results for "Pérdidas"
showing 5 items of 5 documents
¿Nuevo capitalismo?
2008
The role of «perceived loss» aversion on credit screening: an experiment
2013
A major characteristic of credit markets is information asymmetry.To combat its problems, as credit rationing, principals can use a menu of contracts to screen clients with different risk level. We conduct a laboratory experiment to address an important question for such settings —does the framing of the offered menu of contracts interfere with the self-selection mechanism? The answer is yes. We find subjects' choices shift when the same (positive) outcomes of the same menu of contracts are presented in two different frames. Subjects exhibit loss aversion in their perception of the positive outcomes below the reference point, and self-selection fails to occur. Uno de los mayores problemas a…
Las crecidas en ramblas valencianas mediterráneas
2001
This paper takes into account the characterisation of ephemeral stream hydrology from Mediterranean environments. The heavy floods that these countries suffer are due to firstly, the physical watershed features (steep slopes, scarced vegetation cover and thin soils) and, secondly, to the intense and variable rainfall. Large quantities of precipitation fall in a matter of hours, or even minutes, over very steep catchments, causing catastrophic flash-floods, with very pointed hydrographs and short time lags. Using hydrological daily data from the Rambla de la Viuda basin and five-minute data from both Barranc de Carraixet and Rambla de Poyo basins, we have analysed the rainfall- runoff proces…
The economic impact of audit failures
2022
This paper examines the economic consequences associated with an audit failure in the field of statutory auditing services, by analyzing changes in the audit firm’s market share around the time of the investigation process undertaken by the Spanish Public Oversight Board. We explore the variations in audit market share by applying the difference in differences method to a treatment group of 70 sanctioned audit firms and a matched control group of 70 non-sanctioned audit firms. The period of analysis covers the years from 1999 to 2015. Our results show that the sanctioned audit firms suffered a significant decrease in their relative number of clients. Moreover, this measure of market share d…
La calidad de la información contable de las instituciones financiera europeas: la gestión del resultado
2017
La presente tesis doctoral examina fundamentalmente tres objetivos generales: (i) indagar en los factores que influyen sobre la calidad de la información contable, en especial, el papel del supervisor prudencial sobre la práctica contable bancaria; (ii) analizar la relación del ciclo económico con la gestión del resultado bancario, en particular, el alisamiento del resultado; y (iii) comprobar la asociación entre la normativa contable de pérdidas crediticias y el comportamiento de concesión de crédito. Las motivaciones que nos llevaron a acometer la realización de este proyecto de investigación surgen, en primer lugar, como consecuencia de la importancia del sector financiero en la economía…