Promoting ownership in a “post‐aid effectiveness” world: Evidence from Rwanda and Liberia

A Perspective on Promoter Ownership and Market Reaction to Corporate News: Evidence from India

C orporate governance structures in the wake of observed differences in firm ownership structures in developed markets and emerging market economies are distinct. In this paper, we examine the effect of an ownership structure of firms on the market reaction to corporate news flows in the context of emerging market economies like India. We observe the price and volume movements associ...

Liquidity Coverage Ratio, Ownership, Stability: Evidence from Iran

The Basel Committee on Banking Supervision (BCBS), in response to the recent financial crisis, has developed new stability rules aimed at preventing financial crises in the future. This paper uses the new Liquidity Ratio (LCR) and attempts to determine the impact of this ratio on the stability of the banking system. The objective of the LCR is to promote the short-term resilience of the liquidi...

Predicting Local Violence: Evidence from a Panel Survey in Liberia

Riots, murders, lynchings and other forms of local violence are costly to security forces and society at large. Identifying risk factors and forecasting where local violence is most likely to occur should help allocate scarce peacekeeping and policing resources. Most forecasting exercises of this kind rely on structural or event data, but these have many limitations in the poorest and most war-...

Preventing Rwanda in a Rawlsian World

Institutional Ownership, Business Cycles and Earnings Informativeness of Income Smoothing: Evidence from Iran

Managers engage in income smoothing either to communicate private information about future earnings to investors (informativeness hypothesis) or to distort financial performance for opportunistic purposes (opportunism hypothesis). Business cycles and the monitoring role of institutional ownership may affect the earnings informativeness of income smoothing. The purpose of this research is to exa...