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Ulf Brüggemann discusses and empirically investigates the economic consequences of mandatory switch to IFRS. He provides evidence that cross-border investments by individual investors increased following the introduction of IFRS.
Julia Nasev examines the impact of conservative accounting numbers on valuation estimates and on real economic decisions such as cost stickiness.
The accurate valuation of companies is essential for investors and managers. What appears to be straightforward from an academic perspective – discount expected future payoffs using adequate cost of capital – can be extremely difficult to implement. Using an empirical approach, Stefan Henschke investigates and improves the performance of different equity valuation methods. His research provides guidance for identifying inaccurate valuations and for improving the accuracy of valuations based on multiples.
Earnings forecasts are ubiquitous in today’s financial markets. They are essential indicators of future firm performance and a starting point for firm valuation. Extremely inaccurate and overoptimistic forecasts during the most recent financial crisis have raised serious doubts regarding the reliability of such forecasts. This thesis therefore investigates new determinants of forecast errors and accuracy. In addition, new determinants of forecast revisions are examined. More specifically, the thesis answers the following questions: 1) How do analyst incentives lead to forecast errors? 2) How do changes in analyst incentives lead to forecast revisions?, and 3) What factors drive differences in forecast accuracy?
Over the past two decades, governments have delegated extensive regulatory authority to international private-sector organizations. This internationalization and privatization of rule making has been motivated not only by the economic benefits of common rules for global markets, but also by the realization that government regulators often lack the expertise and resources to deal with increasingly complex and urgent regulatory tasks. The New Global Rulers examines who writes the rules in international private organizations, as well as who wins, who loses--and why. Tim Büthe and Walter Mattli examine three powerful global private regulators: the International Accounting Standards Board, which...
Why did the financial crisis happen? Why did no one see it coming? And how did our banks lose so much of our money? What's being done to sort out the banking industry? And will it work? These are the questions that industry experts Adrian Docherty and Franck Viort cover in Better Banking: Understanding and Addressing the Failures in Risk Management, Governance and Regulation. They give a clear and thorough run-through of some of the key concepts and developments in banking, to enable the reader to understand better this vital yet perilous industry. Without excessive detail or jargon, they explain the most important issues in risk management, regulation and governance and build a comprehensiv...
Martin Honal beschäftigt sich mit der empirischen Analyse von Einflussgrößen auf den LGD von Mobilien-Leasingverträgen. Er untersucht den Einfluss gesamtwirtschaftlicher Größen als auch die Wirkung objekt- und vertragsspezifischer Merkmale.
This combination A–Z encyclopedia and primary document collection provides an authoritative and enlightening overview of U.S. anti- and counterterrorism politics, policies, attitudes, and actions related to both foreign and domestic threats, with a special emphasis on post-9/11 events. This book provides a compelling overview of U.S. laws, policies, programs, and actions in the realms of anti- and counterterrorism, as well as comprehensive coverage of the various domestic and foreign terrorist organizations threatening America, including their leaders, ideologies, and practices. These entries are supplemented with a carefully selected collection of primary sources that track the evolution ...
Pakistan is host to the largest concentration of jihadist groups in the world. Since the 1980s, the Pakistani state has been accused of sponsoring local jihadist groups and sending Pakistani volunteers to support them. This book is based on almost 114 interviews, conducted mainly in Urdu and Pashto, from within Al-Qaeda and affiliated jihadist groups. It examines the relationship between the Pakistani security agencies and Al-Qaeda, and how they both became entangled and used by the local jihadists they were themselves trying to exploit. The interviews paint a picture of the shifting strategies and priorities of the different jihadi groups in the early 21st century, covering their ideologica...