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The dynamics of corporate governance: Changes in contractual relations
An Investigation of Securities and Exchange Commission Regulation of Auditor Change Disclosures: The Case of Accounting Series Release No. 165
Auditing, Auditor change, Auditor change disclosure, Delayed hiring
Market Implications of Differential Amounts of Interim Information
Interim reporting, OTC firms, Market efficiency
An Empirical Evaluation of Line-of-Business Reporting
Disclosures, Line-of-business reporting, Segment reporting, Portfolio returns
The Association between Market-Determined and Accounting-Determined Risk Measures: A Note
Risk measures, Market-determined risk, Accounting-determined risk, Association study
A Discriminant Analysis of Predictors of Business Failure
Bankruptcy, Discriminant analysis, Financial ratios, Business failure
Breakeven Analysis and Capital Budgeting
Breakeven analysis, Capital Budgeting, Long-run costs
The Application of Network Techniques (PERT/CPM) to the Planning and Control of an Audit
PERT, CPM, Auditing
A risk-factor model foundation for ratings-based bank capital rules
I demonstrate that ratings-based capital rules, including both the current Basel Accord and its proposed revision, can be reconciled with the general class of credit value-at-risk models. Each exposure's contribution to VaR is portfolio-invariant only if (a) dependence across exposures is driven by a single systematic risk factor, and (b) no exposure accounts for more than an arbitrarily small share of total portfolio exposure. Analysis of rates of convergence to asymptotic VaR leads to a simple and accurate portfolio-level add-on charge for undiversified idiosyncratic risk. There is no similarly simple way to address violation of the single factor assumption.