Baruch College Zicklin School of Business Research Paper Series最新文献

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Accounting Valuation and Current Cost Disclosures: The Case of Mexico 会计估值与流动成本披露:以墨西哥为例
Baruch College Zicklin School of Business Research Paper Series Pub Date : 1997-01-10 DOI: 10.2139/ssrn.15034
Paquita Y. Davis-Friday
{"title":"Accounting Valuation and Current Cost Disclosures: The Case of Mexico","authors":"Paquita Y. Davis-Friday","doi":"10.2139/ssrn.15034","DOIUrl":"https://doi.org/10.2139/ssrn.15034","url":null,"abstract":"This study investigates the relation between the market value of publicly traded Mexican firms and their disclosures of accounting information adjusted for changing prices. The volatile hyperinflationary environment in Mexico provides an ideal setting for investigating the value relevance of inflation accounting disclosures. Specifically, I investigate the only accounting information that is required in the body of the financial statements: general price level-adjusted and current cost disclosures. Extending the work of Edwards and Bell (1961) and Ohlson (1995), I estimate a valuation model that relates inflation accounting disclosures to firm value. The results indicate that general price level-adjusted and current cost disclosures explain a significant portion of the cross-sectional variation in the market value of Mexican firms. Further, the explanatory power of holding gains is robust to inflation rates that vary from 130% to 20%. These results suggest that current cost and constant peso disclosures are relevant for determining firm value over a wide range of inflation rates.","PeriodicalId":130859,"journal":{"name":"Baruch College Zicklin School of Business Research Paper Series","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1997-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131869971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Spreadsheet analysis and design 电子表格分析与设计
Baruch College Zicklin School of Business Research Paper Series Pub Date : 1987-06-01 DOI: 10.1145/63238.63244
B. Ronen, M. Palley, H. Lucas
{"title":"Spreadsheet analysis and design","authors":"B. Ronen, M. Palley, H. Lucas","doi":"10.1145/63238.63244","DOIUrl":"https://doi.org/10.1145/63238.63244","url":null,"abstract":"Although spreadsheet programs and microcomputers have revolutionized information processing in organizations, a significant number of serious errors have been reported through the misuse of this technology. This article discusses several different contexts for the development of spreadsheet models and presents structured design techniques for these models.","PeriodicalId":130859,"journal":{"name":"Baruch College Zicklin School of Business Research Paper Series","volume":"213 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1987-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124201920","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 145
If the Shoe of the SEC Doesn't Fit: Self-Regulatory Organizations and Absolute Immunity 如果美国证券交易委员会的鞋子不合适:自我监管组织和绝对豁免权
Baruch College Zicklin School of Business Research Paper Series Pub Date : 1900-01-01 DOI: 10.2139/SSRN.2128688
Jennifer M. Pacella
{"title":"If the Shoe of the SEC Doesn't Fit: Self-Regulatory Organizations and Absolute Immunity","authors":"Jennifer M. Pacella","doi":"10.2139/SSRN.2128688","DOIUrl":"https://doi.org/10.2139/SSRN.2128688","url":null,"abstract":"The absolute legal immunity granted to self-regulatory organizations (SROs) in the securities industry has incited increasingly controversial concerns about the lack of accountability of financial regulators. Although SROs like the Financial Industry Regulatory Authority (FINRA) are deemed to 'stand in the shoes' of the Securities and Exchange Commission (SEC) by carrying out delegated, quasi-governmental duties in monitoring securities markets, their alternate role as private, commercial entities raises questions as to the fairness of expansive SRO immunity. Plaintiffs have historically been denied any redress even in instances of alleged SRO fraud, misconduct, and bad faith. In 2012, the U.S. Supreme Court declined to question the Second Circuit’s decision in Standard Investment Chartered Inc. v. National Association of Securities Dealers, which expanded SRO immunity to cover not only direct SRO functions on behalf of the government, but also actions that are “incident to” SROs’ regulatory functions. This Article supports the notion that legal immunity for SROs should be subject to a fraud exception, which would hold SROs accountable for the very same misconduct that such entities seek to police. To alleviate the common concern that limiting SRO immunity would lead to frivolous lawsuits overloading the courts, this Article will look to two requirements already in place that serve to prevent this possibility: 1) fraud cases are currently subject to heightened pleading standards and 2) the SEC must review any allegations against SROs before the court system may be invoked. In addition, by pointing out documented SEC shortfalls in SRO oversight, this Article will challenge the argument that favors expansive SRO immunity on the grounds that the SEC already adequately oversees SROs for potential abuses. By carving out a fraud exception from the expansive absolute immunity doctrine, plaintiffs would be granted the chance to seek legal recourse for those instances in which SROs have failed to stand in the shoes of the SEC.","PeriodicalId":130859,"journal":{"name":"Baruch College Zicklin School of Business Research Paper Series","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134356640","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
When Near is Far and Far is Near: A Quantile Regression Model of FDI, Geographic Location and Connectivity 当近为远,远为近:FDI、地理位置与连通性的分位数回归模型
Baruch College Zicklin School of Business Research Paper Series Pub Date : 1900-01-01 DOI: 10.2139/ssrn.3412523
Lilach Nachum, G. Livanis, H. Hong
{"title":"When Near is Far and Far is Near: A Quantile Regression Model of FDI, Geographic Location and Connectivity","authors":"Lilach Nachum, G. Livanis, H. Hong","doi":"10.2139/ssrn.3412523","DOIUrl":"https://doi.org/10.2139/ssrn.3412523","url":null,"abstract":"Building on sociology theory of space, we conceptualize physical geography as separated from its constructed connotations and suggest that the impact of geographic location on FDI is contingent upon the constructed qualities. These qualities include countries’ unilateral economic and institutional characteristics, as they define the meaning of the physical, and connectivity to other countries, which shapes the consequences of the physical for global integration. Quantile regression analyses of FDI flows and stocks to all countries that received FDI during 1980-2017 confirm these predictions and reveal nuanced interdependencies between the contingencies. The contingency effects vary considerably across the FDI distribution and diminish as FDI volumes increase. The findings entail that geography is not destiny, and call for the development of a theory in which geographic location is treated as an endogenous country characteristic, whose consequences for FDI are subject to actions of policy makers and MNEs.","PeriodicalId":130859,"journal":{"name":"Baruch College Zicklin School of Business Research Paper Series","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125837400","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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