Moral Hazard, Firms’ Internal Governance And Management Earnings Forecasts,
2010
Singapore Management University
Moral Hazard, Firms’ Internal Governance And Management Earnings Forecasts, Jimmy Lee
Research Collection School Of Accountancy
This paper investigates the role of management earnings forecasts in mitigating information asymmetry between investors andmanagers relating to moral hazard, and explains how earnings guidance facilitates monitoring. I demonstrate that firms that are more susceptible to moral hazard problems and more difficult to monitor are also more likely to issue annual earningsforecasts and they do so more frequently. In addition, I examine how firm internal governance drives forecasting decisions andshow that stronger board governance and managerial equity incentives are associated with higher likelihood and frequency of forecast issuance. Finally, I provide robust evidence that managerial equity incentives are associated with …
Pakistan’S Experience With The International Monetary Fund (Imf) 2000 – 2004,
2010
Institute of Business Administration, Karachi, Pakistan
Pakistan’S Experience With The International Monetary Fund (Imf) 2000 – 2004, Ishrat Husain
Business Review
Pakistan’s relationship with the International Monetary Fund during the 2000 – 2004 period was quite unique and distinctive. Unlike the earlier eight agreements that were concluded with the IMF during 1988-99 and were never implemented beyond the first tranche release it was only in this period that two successive agreements – a nine month Stand-by Arrangement (SBA) in the year 2000 followed by a three year Poverty Reduction and Growth Facility (PRGF) were successfully completed. All the sixteen reviews by IMF staff were completed and eleven successive tranches were drawn on time without any extension or interruption 1 . The …
Procrastination Does Pay Sometimes: How The Delay In Implementing Basel Ii Reduced The Effect Of The Subprime Financial Crisis,
2010
University of Arkansas, Fayetteville
Procrastination Does Pay Sometimes: How The Delay In Implementing Basel Ii Reduced The Effect Of The Subprime Financial Crisis, Raymond Bart Simmons
Inquiry: The University of Arkansas Undergraduate Research Journal
Basel II, a major international regulatory capital revision, was supposed to have been implemented in the U.S. by 2004, but delays pushed it back more than five years. Basel II could have lowered minimum capital standards and made the largest banks even more vulnerable to the subprime financial crisis and economic downturn had it been adopted before its onset in 2007. Consequently, the procrastination in implementing Basel II made the banking industry more stable as it entered the financial crisis. In this study, the assets of the 11 largest bank holding companies at year-end 2006 were separated into broad asset …
The Determinants Of Trade Credit Extension And The Problem Of Late Payment In The Malaysian Manufacturing Sector.,
2010
Universiti Malaya
The Determinants Of Trade Credit Extension And The Problem Of Late Payment In The Malaysian Manufacturing Sector., Teh Chee Ghee
Student Works (2010-2019)
This study investigates the determinants of trade credit extension and the association between late payment from trade debtors and profitability in the Malaysian manufacturing sector. It is based on exploratory data analysis and ordinary least squares (OLS) regressions on a crosssectional sample of 383 and 287 public-listed manufacturing companies, respectively, using audited financial statements for the financial year ending 2007/2008.Investment in accounts receivables is even higher than in inventories in the Malaysian manufacturing sector. Contrary to previous studies, this study finds that large companies,manufacturers with higher liquidity and with higher collateral assets extend less trade credit, indicating that the listed …
Bankers Perceptions Of Electronic Banking In Pakistan,
2010
Lahore School of Economics, Lahore, Pakistan
Bankers Perceptions Of Electronic Banking In Pakistan, Ahmad Kaleem, Saima Ahmad
Business Review
Electronic distribution channels provide alternatives for faster delivery of banking services to a wider range of customers. E-channels have gained increasing popularity and have attracted the attention of both academics and practitioners. This paper aims to collect bank employees’ perceptions of the potential benefits and risks associated with electronic banking in Pakistan. The outcomes may help the management of banks develop effective strategic planning for the future of electronic banking in developing countries like Pakistan. Primary sources were used to collect the data and were analyzed via frequency analysis and mean score analysis. The results suggest that bankers in Pakistan …
Strategic Asymmetric Multicultural Alliances In Business,
2010
Antioch University - PhD Program in Leadership and Change
Strategic Asymmetric Multicultural Alliances In Business, Anthony James Scriffignano
Antioch University Dissertations & Theses
Global economics and other factors make it increasingly difficult for organizations to operate within the boundaries of one country in a rational way (e.g., leveraging best practices, profitable, achieving goals). In this study, I looked at strategic business alliances, transcending simple quid pro quo relationships to deliver ongoing partner value. I refined my study to multicultural relationships, having differing cultural identities (i.e., ideas, heritage, language, or demographics from differing geographies). Finally, I considered asymmetry (i.e., inequity in working relationship). Using a mixed-methodology design, I surveyed alliance participants and interviewed participants from selected alliances. A multi-case study addresses emergent themes of …
