We examine how corporate transparency and financing choices differ for family and nonfamily firms in the S&P 1500 Index. While transparency on average is better for firms in the S&P 500 Index than for firms in the S&P MidCap 400 and S&P SmallCap 600 indices, the improvement is much larger for family firms. Outside the S&P 500, family firms are less transparent than their non-family counterparts...

In this paper, we report on a study to establish process transparency in service encounters of financial advisors and their clients. To support their interaction, we implemented a cooperative software system for tabletops, building on transparency patterns suggested by the literature. In evaluations, however, we found that our design did not improve the perceived transparency and comprehensibil...

In this paper, we study the corporate transparency choices of firms operating in a weak institutional environment. We argue that in relationship-based systems, high levels of corporate transparency and strong political connections are alternative means to create firm value. Firms can try to commit to more transparency by issuing securities abroad. However, the expanded disclosures and additiona...

Amid widespread calls for NGOs to become more accountable and transparent, this work examines the prevalence of discrepancies between what NGOs say and what they do. It does so using a unique dataset of 300 NGOs in Uganda with corresponding beneficiary assessments. Investigating NGO dishonesty with regards to financial transparency and community participation, the study finds a high incidence o...

Greater transparency and disclosure of bank activities will not prevent future banking crises unless appropriate monetary, fiscal, and regulatory policies are also adopted. Nonetheless, greater disclosure of banking problems can reduce the costs of banking crises, even if transparency is not a panacea for preventing banking crises. key words: Disclosure, Transparency, Banking Crisis This paper ...

The recent financial collapse has laid bare the inadequacies of the information infrastructure supporting the US financial system. Technical challenges around large-scale data systems interact with significant economic forces involving innovation, transparency, confidentiality, complexity, and organizational change, to create a very difficult problem. The post-crisis reform legislation has crea...

We elucidate the tradeoffs between transparency and confidentiality in the context of financial regulation. The structure of information in financial contexts creates incentives with a pervasive effect on financial institutions and their relationships. This includes supervisory institutions, which must balance the opposing forces of confidentiality and transparency that arise from their examina...

objectives this study is the first of its kind to determine the framework, advantages, and limitations of bot contracts for health care projects in selected countries. background advantages and limitations of build-operate-transfer (bot) contracts in various forms of public-private partnership (ppp) arrangements have not been studied. conclusions this study suggests that more information transp...

This paper discusses the need for effective financial market regulation as Asia recovers from the crisis. Specifically, we argue that transparency must be improved, that regulation must be more effective, and that regulatory bodies must be tough. In making these suggestions, we draw on the experience of the United States, with special ferencetothe Securities and Exchange Commission.