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International financial accounting: a comparative approach
Authors: --- ---
ISBN: 0273651846 9780273651840 Year: 2002 Publisher: Harlow: Pearson,


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IAS op zak
Authors: ---
ISBN: 9789046578018 9789046565858 9789046548530 9789046540831 9789046533789 9789046524886 9789046521403 9789046516553 9789046513132 904650588X 9059289137 9058529479 9058528618 Year: 2002 Publisher: Diegem Ced.Samsom


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In Finance, Size Matters
Authors: ---
ISBN: 1462313604 1452700796 1282051008 9786613798459 1451899122 Year: 2002 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This study investigates the relationship between production efficiency in financial intermediation and financial system size. The study predicts and tests for the existence of "systemic scale economies" (SSEs), whereby value-maximizing intermediaries operating in large systems are expected to have lower production costs and lower costs of risk absorption and reputation signaling than intermediaries operating in small systems. The study investigates different channels through which the SSEs work their effects through the intermediaries and estimates such effects using a large banking data panel. The study shows strongly supporting evidence in favor of SSEs. It also finds that the institutional environment, the risk environment, and market concentration affect significantly the production efficiency of financial intermediaries.


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Transparency and International Investor Behavior
Authors: ---
ISBN: 1462341780 1452759278 1282107739 9786613801081 1451904002 1451858701 Year: 2002 Publisher: Washington, D.C. : International Monetary Fund,

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Does country "transparency" affect international portfolio investment? We examine this and related questions using a unique micro dataset on international portfolio holdings. We employ various indices of government and corporate transparency, focusing on the availability and quality of information. We find that emerging market equity funds hold fewer assets in less transparent countries. Herding among funds is somewhat less prevalent in more transparent countries. During the Asian and Russian crises, emerging market funds withdrew more strongly from less transparent countries after controlling for other risk factors. However, funds tend to react less strongly to news from more opaque markets.

Building public trust : the future of corporate reporting
Authors: ---
ISBN: 0471271349 0471261513 0471281697 9780471261513 9780471271345 9780471281696 Year: 2002 Publisher: New York: Wiley,

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From the World's Leading Accounting Firm, A Blueprint for the Future of Corporate Reporting "PricewaterhouseCoopers should be commended for its forward thinking on this subject. They have been promoting the benefits of greater corporate transparency long before Enron. We are impressed with their refreshingly candid views on the obligations of corporations, accountants, standard setters, and regulators. Their three-tier model of corporate transparency for building investor confidence in corporate reporting is yet another contribution for how to make this happen." -John Connors Senior Vice President and Chief Financial Officer Microsoft

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