Motivating Capital Investment by Using the Audit Process to Increase Financial Transparency
نویسندگان
چکیده
منابع مشابه
Real versus Financial Frictions to Capital Investment¤
We examine the investment behavior of a panel of German manufacturing ...rms for the time period from 1992 to 2000. Our methodology is structural and has several steps: First, we identify the pro...tability shocks that move investment demand at the ...rm level. Then, we specify an array of adjustment costs and capital market imperfections possibly in‡uencing optimal ...rm investment response to...
متن کاملInvestment, Liquidity Risk, and the Transparency of Financial Intermediaries (Preliminary)
In this paper, we study the implications for business activity of a lack of balance sheet transparency in intermediaries. To do so, we adopt a model of intermediated entrepreneurial investment in which the assets held by intermediaries can be monitored only imperfectly. In our model, these assets matter, because intermediaries insure Þrms against the possibility of a liquidity shock. We show th...
متن کاملInvestment Banking and the Capital Acquisition Process
This paper reviews the theory and evidence on the process by which corporations raise debt and equity capital and the associated effects on security prices. Findings from related transactions are used to test hypotheses about the stock price patterns accompanying announcements of security offerings. Various contractual alternatives employed in security issues are examined; for example, rights o...
متن کاملChanging Perspectives on the Capital Investment Process
The environment within which institutions undertake commercial and industrial activity changes both as a result of decisions dependent on the institution itself and as a result of decisions independent of the institution. In recent years many of these changes have resulted in changing perspectives on the range of criteria which should be considered when determining how and where large corporati...
متن کاملEthIKS: Using Ethereum to Audit a CONIKS Key Transparency Log
CONIKS is a proposed key transparency system which enables a centralized service provider to maintain an auditable yet privacypreserving directory of users’ public keys. In the original CONIKS design, users must monitor that their data is correctly included in every published snapshot of the directory, necessitating either slow updates or trust in an unspecified third-party to audit that the da...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Asian Journal of Finance & Accounting
سال: 2018
ISSN: 1946-052X
DOI: 10.5296/ajfa.v10i1.11810