Página 1 dos resultados de 41 itens digitais encontrados em 0.002 segundos

Análise quantitativa da ocorrência de imagens de produtos na bibliografia de design para verificação de fidedignidade do conjunto destas imagens como representação do campo de atividade do design de produto; A quantitative analysis of design products images apearing in design literature, verifiyng if they constitute the true picture of the field of product design

Dodd, Frank Anthony Barral
Fonte: Biblioteca Digitais de Teses e Dissertações da USP Publicador: Biblioteca Digitais de Teses e Dissertações da USP
Tipo: Tese de Doutorado Formato: application/pdf
Publicado em 11/04/2011 Português
Relevância na Pesquisa
25.99%
Como não há pleno consenso, atualmente, entre as múltiplas definições dos conceitos de "design" e de "design de produto", as fronteiras do campo de atuação do designer de produto resultam percebidas e determinadas, em grande parte, por exemplos visuais veiculados por livros, revistas e jornais acessíveis ao grande público e a estudantes, designers ou aqueles envolvidos com esta área de projeto. Uma observação inicial, anterior a esta pesquisa, percebeu que em publicações de design ilustradas, havia hipertrofia na representação de certos produtos de design e rarefação na de outros, situação que podia chegar, no limite, à inexistência de referência até mesmo de produtos familiares e comuns. A presente investigação se propôs, assim, quantificar, objetivamente, este desequilíbrio na representação de produtos existentes em bibliografia da área, por meio de contagem das imagens de objetos em livros de design. A par desta contagem de ocorrências de imagens de produtos, foram também identificadas, claramente, em outras fontes, situações de forte demanda da atividade do design de produto na vida cotidiana de sociedades contemporâneas. Estas demandas, ao final da pesquisa, apontaram para a existência de um espectro mais amplo e objetivo do campo do design de produto o que permitiu aferir...

Assessing Dodd Frank Effects on banking capital structure and Banker´s Pay structure

Kawauti, Marcela de Carvalho Ponce
Fonte: Fundação Getúlio Vargas Publicador: Fundação Getúlio Vargas
Tipo: Dissertação
Português
Relevância na Pesquisa
66.68%
The systemic financial crisis that started in 2008 in the United States had some severe effects in the economic activity and required the bailout of financial institutions with the use of taxpayer’s money. It also originated claims for stronger regulatory framework in order to avoid another threat in the financial market. The Dodd Frank Act was proposed and approved in the United States in the aftermath of the crisis and brought, among many other features, the creation of the Financial Stability Oversight Council and the tougher inspection of financial institutions with asset above 50 billion dollars. The objective of this work is to study the causal effect of the Dodd Frank Act on the behavior of the treatment group subject to monitoring by the Financial Stability Oversight Council (financial institutions with assets above 50 billion dollars) regarding capital and compensation structure in comparison to the group that was not treated. We use data from Compustat and our empirical strategy is the Regression Discontinuity Design, not usually applied to the banking literature, but very useful for the present work since it allows us to compare the treatment group and the non-treatment group in the year of the enactment of the law (2010). No change of behavior was observed for the Capital Structure. In the Compensation Schemes...

Dodd Frank Act and the Brazilian Capital Market – Extraterritorial Effects of Regulation to the Over-the-Counter Derivatives Market

Coelho, Alexandre Ramos
Fonte: Fundação Getúlio Vargas Publicador: Fundação Getúlio Vargas
Português
Relevância na Pesquisa
66.68%
This paper aims to describe the chief alterations proposed by the Dodd Frank Act to the American over-the-counter derivatives market and, at the same time, understand the extraterritorial reach of this law compared to the regulatory framework of the Brazilian derivative market. In order to do so, I will study the extraterritorial effects of the law, particularly in reference to the international nature of Title II of the Dodd Frank, which deals with the over-the-counter derivatives, in order to evaluate its reach to foreign markets, especially the Brazilian market.

Economia, cadeia de abastecimento e gestão de risco: impacto no mercado

Fontes, Maria Angélica Vaz
Fonte: Universidade de Aveiro Publicador: Universidade de Aveiro
Tipo: Dissertação de Mestrado
Português
Relevância na Pesquisa
26.37%
Esta Tese de Mestrado compila alguns estudos sobre a Gestão de Risco, no âmbito da Gestão do Risco o presente trabalho divulga cinco riscos subteis que afectam as empresas, a cadeia de abastecimento, logística e economia. Esta Tese de Mestrado descreve casos reais e o impacto dos riscos que não foram geridos. Os governos estão a tentar melhorar alguns dos riscos que influenciaram o estado actual da economia – Dodd-Frank Act, Basel III Reforms, “Adopts New Measures to Facilitates Nominations by Shareholders by SEC” são exemplos dos esforços feitos pelos governos, no entanto este é só o princípio.; This Master Thesis briefly compiles Risk Management studies, white papers and rare literature. Speak about the recent present and uncovered topics are challenging but needed. Hidden Risks are brought up to surface wishing to contribute to Risk Management, Supply Chain Risk Management and Economy Risk Management literature. The Master Thesis contains the Actual Real Cases that shows the business impact when risks aren’t managed. Government’s are making an effort to improve some of the risk that lead to the actual recession – Dodd-Frank Act, Basel III Reforms, “Adopts New Measures to Facilitates Nominations by Shareholders by SEC” are examples of efforts that government’s had done. However those should be seen as the beginning...

Transparency of government revenues from the sale of natural resources: pursuing the international course through EITI

Poretti, Pietro
Fonte: Oxford University Press Publicador: Oxford University Press
Tipo: Artigo de Revista Científica Formato: text/html
Português
Relevância na Pesquisa
25.99%
The Extractive Industries Transparency Initiative (EITI) Standard adopted in May 2013 broke new ground by including revenues from the sale of natural resources among the revenue streams to be reported by governments. This addition is of great significance considering the economic importance of sales revenues, in particular in the case of crude oil, and the rather opaque environment in which the sale and purchase of natural resources often takes place. Transparency of sales revenues, as for fiscal revenues from upstream activities, helps empower citizens of resource-rich countries to hold their governments accountable for the wealth generated by those resources. The author argues in favour of a global adoption of the EITI regime and its further strengthening in the area of disclosure of payments by companies purchasing natural resources, including commodity traders. The experience of Iraq with EITI reporting shows how information from the government as well as companies regarding the sale of the state’s crude oil can be made available to the public. National, top-down initiatives, such as the disclosure rules in section 1504 of the Dodd-Frank Act (not implemented at the time of writing), only compel companies under national jurisdiction to disclose payments to foreign governments. Unilateral initiatives create a patchwork of inconsistent standards...

The Regulation of Consumer Financial Products: An Introductory Essay with Four Case Studies

Cambpbell, John Y.; Jackson, Howell Edmunds; Madrian, Brigitte; Tufano, Peter
Fonte: John F. Kennedy School of Government, Harvard University Publicador: John F. Kennedy School of Government, Harvard University
Tipo: Research Paper or Report
Português
Relevância na Pesquisa
25.99%
The recent financial crisis has led many to question how well businesses deliver consumer financial services and how well regulatory institutions address problems in consumer financial markets. In response, the Obama administration proposed a new agency to oversee consumer financial services, and the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act embraced the Administration’s proposal by creating the Bureau of Consumer Financial Protection. Other regulatory reforms have been advanced, and in some cases adopted, in recent years, at both the federal and state level. In this paper, we provide an overview of consumer financial markets, detailing the purposes they serve, the extent to which they suffer from market failures or other deficiencies, and the structure of our current system of regulation. To illustrate our analytical framework, we present case studies on retirement savings, residential mortgages, payday lending, and mutual funds. We conclude with a series of observations on the limits of government intervention, suggestions about how to measure whether government intervention is successful, and potentially fruitful lines of future research and data collection.

The Quant Delusion: Financial Engineering in the Post-Lehman Dodd–Frank Landscape

Blyth, Stephen James
Fonte: CFA Institute Publicador: CFA Institute
Tipo: Artigo de Revista Científica
Português
Relevância na Pesquisa
25.99%
The recent financial crisis and its aftershocks have reshaped the world of financial engineering, quantitative analysis, and derivatives trading. Government intervention, regulatory reform, and the refutation of fundamental axioms and model assumptions are three reshaping forces now confronting quantitative practitioners.; Statistics

Derivatives Safe Harbors in Bankruptcy and Dodd-Frank: A Structural Analysis

Adams, Stephen D
Fonte: Harvard University Publicador: Harvard University
Tipo: Paper (for course/seminar/workshop)
Português
Relevância na Pesquisa
46.56%
The Bankruptcy Code exempts financial derivatives and repurchase agreements from key provisions, such as the automatic stay. The primary rationale for this special treatment has been the fear that the failure of an important market participant could cascade if counterparties could not immediately exit their contracts. Reflecting on the recent financial crisis and the Lehman bankruptcy, some scholars have suggested that exempting these financial contracts from bankruptcy may have exacerbated other kinds of systemic risk and contributed to the decision to bail out systemically important financial institutions (SIFIs) address this flaw by enacting a Bankruptcy alternative, Title II of the Dodd-Frank Act, instead of addressing the problems in the Bankruptcy Code safe harbors that were the source of the systemic risk. This article demonstrates that the view that Title II replaces bankruptcy reform is mistaken. Title II actually increases both the need and opportunity to reassess the proper limits of the safe harbors. Without bankruptcy reform, the threat of irreversible damage if the SIFI files bankruptcy before intervention may force Title II to compete with bankruptcy in order to reach potential SIFIs first. However, the difficulty in evaluating whether some firm failures involve systemic risk incentivizes Title II decisionmakers to intervene in cases of doubt...

Excess-Pay Clawbacks

Fried, Jesse M.; Shilon, Nitzan
Fonte: University of Iowa, College of Law Publicador: University of Iowa, College of Law
Tipo: Artigo de Revista Científica
Português
Relevância na Pesquisa
26.37%
We explain why firms should have a policy requiring directors to recover “excess pay” – payouts to executives resulting from an error in compensation metrics (such as inflated earnings). We then analyze the clawback policies voluntarily adopted by S&P 500 firms as of 2010 and find that only a small fraction had such a policy. Our findings suggest that the Dodd-Frank Act, which requires firms to adopt a clawback policy for certain types of excess pay, will improve compensation arrangements at most firms. We also suggest how the types of excess pay not reached by Dodd-Frank should be addressed.

Accounting for Human Rights Violations Risk: Conflict Minerals Mandatory Disclosures under the Dodd Frank Act

Chen, Yijia
Fonte: Brock University Publicador: Brock University
Tipo: Electronic Thesis or Dissertation
Português
Relevância na Pesquisa
66.56%
This paper examines the equity market response to firms’ disclosure of human rights violation risk with regard to conflict mineral usage as required by Section 1502 of the Dodd-Frank Act (the Act). This paper assesses the aggregate equity market response to regulatory events leading to the passage of the Act, the equity market reaction to voluntary early disclosures and mandatory disclosures of conflict mineral information in Form SD, as well as the determinants of the equity market response. Using a sample of 4,399 US registrants from January 1, 2008 to September 30, 2014, we document a significant negative stock market reaction to the passage of the Act and to conflict minerals disclosures on Form SD. The equity market reaction is more negative and limited to companies that source their minerals from conflict zones, companies with human rights violations, and companies with ambiguous disclosures. Taken together, the results of this study provide an economic justification for companies with poor conflict minerals practices to improve in order to avoid high costs that will arise if firms are forced to disclose human rights abuses. This paper also provides preliminary evidence that Form SD is successful in reducing the governance gap that exposes investors to unnecessary sanction...

Internal control reporting by non-accelerated filers

Munsif, Vishal
Fonte: FIU Digital Commons Publicador: FIU Digital Commons
Tipo: Artigo de Revista Científica
Português
Relevância na Pesquisa
26.37%
I examine three issues related to internal control reporting by non-accelerated filers. Motivation for the three studies comes from the fact that Section 404 of the Sarbanes-Oxley Act (SOX) continues to be controversial, as evidenced by the permanent exemption from Section 404(b) of SOX granted to non-accelerated filers by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The Dodd-Frank Act also requires the SEC to study compliance costs associated with smaller accelerated filers. ^ In the first part of my dissertation, I document that the audit fee premium for non-accelerated filers disclosing a material weakness in internal controls (a) is significantly lower than the corresponding premium for accelerated filers, and (b) declines significantly over time. I also find that in the case of accelerated filers remediating clients pay lower fees compared to clients continuing to report internal control problems; however, such differences are not observed in the case of non-accelerated filers. ^ The second essay focuses on audit report lag. The results indicate that presence of material weaknesses are associated with increased audit report lags, for both accelerated and non-accelerated filers. The results also indicate that the decline in report lag following remediation of problems is greater for accelerated filers than for non-accelerated filers. ^ The third essay examines early warnings (pursuant to Section 302 disclosures) for firms that subsequently disclosed internal control problems in their 404 reports. The analyses indicate that non-accelerated firms with shorter CFO tenure...

Internal Control Reporting by Non-Accelerated Filers

Munsif, Vishal
Fonte: FIU Digital Commons Publicador: FIU Digital Commons
Tipo: Artigo de Revista Científica Formato: application/pdf
Português
Relevância na Pesquisa
26.37%
I examine three issues related to internal control reporting by non-accelerated filers. Motivation for the three studies comes from the fact that Section 404 of the Sarbanes-Oxley Act (SOX) continues to be controversial, as evidenced by the permanent exemption from Section 404(b) of SOX granted to non-accelerated filers by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The Dodd-Frank Act also requires the SEC to study compliance costs associated with smaller accelerated filers. In the first part of my dissertation, I document that the audit fee premium for non-accelerated filers disclosing a material weakness in internal controls (a) is significantly lower than the corresponding premium for accelerated filers, and (b) declines significantly over time. I also find that in the case of accelerated filers remediating clients pay lower fees compared to clients continuing to report internal control problems; however, such differences are not observed in the case of non-accelerated filers. The second essay focuses on audit report lag. The results indicate that presence of material weaknesses are associated with increased audit report lags, for both accelerated and non-accelerated filers. The results also indicate that the decline in report lag following remediation of problems is greater for accelerated filers than for non-accelerated filers. The third essay examines early warnings (pursuant to Section 302 disclosures) for firms that subsequently disclosed internal control problems in their 404 reports. The analyses indicate that non-accelerated firms with shorter CFO tenure...

Influence of light exposure during early life on the age of onset of bipolar disorder

Bauer, M.; Glenn, T.; Alda, M.; Andreassen, O.A.; Angelopoulos, E.; Ardau, R.; Baethge, C.; Bauer, R.; Baune, B.T.; Bellivier, F.; Belmaker, R.H.; Berk, M.; Bjella, T.D.; Bossini, L.; Bersudsky, Y.; Wo Cheung, E.Y.; Conell, J.; Del Zompo, M.; Dodd, S.; Et
Fonte: Elsevier Publicador: Elsevier
Tipo: Artigo de Revista Científica
Publicado em //2015 Português
Relevância na Pesquisa
26.22%
Abstract not available.; Michael Bauer, Tasha Glenn, Martin Alda, Ole A. Andreassen, Elias Angelopoulos, Raffaella Ardau, Christopher Baethge, Rita Bauer, Bernhard T. Baune, Frank Bellivier, Robert H. Belmaker, Michael Berk, Thomas D. Bjella, Letizia Bossini, Yuly Bersudsky, Eric Yat Wo Cheung, Jörn Conell, Maria Del Zompo, Seetal Dodd, Bruno Etain, Andrea Fagiolini, Mark A. Frye, Kostas N. Fountoulakis, Jade Garneau-Fournier t, Ana Gonzalez-Pinto, John F. Gottlieb, Hirohiko Harima, Stefanie Hassel, Chantal Henry, Apostolos Iacovides, Erkki T. Isometsä, Flavio Kapczinski, Sebastian Kliwicki, Barbara K önig, Rikke Krogh, Mauricio Kunz, Beny Lafer, Erik R. Larsen, Ute Lewitzka, Carlos Lopez-Jaramillo, Glenda MacQueen, Mirko Manchia, Wendy Marsh, Mónica Martinez-Cengotitabengoa, Ingrid Melle, Scott Monteith , Gunnar Morken, Rodrigo Munoz, Fabiano G. Nery, Claire O'Donovan, Yamima Osher, Andrea Pfennig, Danilo Quiroz , Raj Ramesar, Natalie Rasgon, Andreas Reif, Philipp Ritter, Janusz K. Rybakowski, Kemal Sagduyu, Angela Miranda- Scippa, Emanuel Severus, Christian Simhandl, Dan J. Stein , Sergio Strejilevich, Ahmad Hatim Sulaiman, Kirsi Suominen, Hiromi Tagata, Yoshitaka Tatebayashi, Carla Torrent, Eduard Vieta, Biju Viswanath, Mihir J. Wanchoo...

Impact of sunlight on the age of onset of bipolar disorder

Bauer, Michael; Glenn, Tasha; Alda, Martin; Andreassen, Ole A.; Ardau, Raffaella; Bellivier, Frank; Berk, Michael; Bjella, Thomas D.; Bossini, Letizia; Del Zompo, Maria; Dodd, Seetal; Fagiolini, Andrea; Frye, Mark A.; Gonzalez-Pinto, Ana; Henry, Chantal;
Fonte: WILEY-BLACKWELL; HOBOKEN Publicador: WILEY-BLACKWELL; HOBOKEN
Tipo: Artigo de Revista Científica
Português
Relevância na Pesquisa
26.22%
Bauer M, Glenn T, Alda M, Andreassen OA, Ardau R, Bellivier F, Berk M, Bjella TD, Bossini L, Del Zompo M, Dodd S, Fagiolini A, Frye MA, Gonzalez-Pinto A, Henry C, Kapczinski F, Kliwicki S, Konig B, Kunz M, Lafer B, Lopez-Jaramillo C, Manchia M, Marsh W, Martinez-Cengotitabengoa M, Melle I, Morken G, Munoz R, Nery FG, ODonovan C, Pfennig A, Quiroz D, Rasgon N, Reif A, Rybakowski J, Sagduyu K, Simhandl C, Torrent C, Vieta E, Zetin M, Whybrow PC. Impact of sunlight on the age of onset of bipolar disorder. Bipolar Disord 2012: 14: 654663. (c) 2012 The Authors. Journal compilation (c) 2012 John Wiley & Sons A/S. Objective: Although bipolar disorder has high heritability, the onset occurs during several decades of life, suggesting that social and environmental factors may have considerable influence on disease onset. This study examined the association between the age of onset and sunlight at the location of onset. Method: Data were obtained from 2414 patients with a diagnosis of bipolar I disorder, according to DSM-IV criteria. Data were collected at 24 sites in 13 countries spanning latitudes 6.3 to 63.4 degrees from the equator, including data from both hemispheres. The age of onset and location of onset were obtained retrospectively...

Bancos, inovações financeiras e a autoridade monetária nos Estados Unidos; Banks, financial innovations and monetary authority in the United States

Daniela Freddo
Fonte: Biblioteca Digital da Unicamp Publicador: Biblioteca Digital da Unicamp
Tipo: Dissertação de Mestrado Formato: application/pdf
Publicado em 18/11/2011 Português
Relevância na Pesquisa
26.37%
O objetivo desta dissertação é examinar as transformações do sistema bancário norte-americano, no período 1930-2008, sob a ótica do negócio bancário: o banco é visto como agente central no processo de acumulação de capital. Analisam-se, neste trabalho, as tensões entre a ação regulatória e de política monetária do Federal Reserve e as estratégias de mercado dos bancos norte-americanos em conjunturas selecionadas: a Reforma Financeira da década de 1930; o período de inovações financeiras nos anos 1960 e 1970; a crise de Bretton Woods; o cenário caracterizado pelo Gramm-Leach-Bliley Act de 1999; a crise financeira iniciada em 2007; e possíveis impactos na estrutura financeira da economia norte-americana derivados da Lei Dodd Frank (2010). Entende-se que o marco regulatório firmado na década de 1930, nos Estados Unidos, cujo objetivo era evitar que crises financeiras profundas pudessem acontecer novamente, criou um período de bloqueio ao exercício do negócio bancário no mercado de capitais e, ao mesmo tempo, permitiu que os negócios neste último se desenvolvessem com maior liberdade. Como consequência houve impactos na divisão dos ativos financeiros entre os intermediários bancários e não-bancários. O período de Bretton Woods favoreceu um ambiente de concorrência no setor financeiro...

Clearinghouse Overconfidence

Roe, Mark J.
Fonte: California Law Review Inc. Publicador: California Law Review Inc.
Tipo: Artigo de Revista Científica
Português
Relevância na Pesquisa
26.37%
Regulatory reaction to the 2008-2009 financial crisis focused on complex financial instruments that deepened the crisis. A consensus emerged that these risky financial instruments should move through safe, strong clearinghouses, which would be bulwarks against systemic risk, and that the destructive impact of the failures during the crisis of AIG, Lehman Brothers, and the Reserve Primary Fund could have been softened or eliminated had strong clearing-houses been in place. Via the Dodd-Frank Wall Street Reform Act, Congress instructed regulators to construct clearinghouses through which these risky financial instruments would trade and settle. Clearinghouses could cut financial risk, reduce contagion, and halt a local financial problem before it becomes an economy-wide crisis. But clearinghouses are weaker bulwarks against financial contagion, financial panic, and systemic risk than is commonly thought. They may well be unable to defend the economy against financial stress such as that of the 2008-2009 crisis. Although they are efficient financial platforms in ordinary times, they do little to reduce systemic risk in crisis times. They generally do not reduce the core risk targeted-that the failure of a financial firm will cause other firms to fail-but rather transfer that risk of loss to others. The major reduction in risk among the inside-the-clearinghouse traders is largely achieved by pushing that risk elsewhere...

Heterogenetic Antigens of Gram-Positive Bacteria1

Chorpenning, Frank W.; Dodd, Matthew C.
Fonte: PubMed Publicador: PubMed
Tipo: Artigo de Revista Científica
Publicado em /04/1966 Português
Relevância na Pesquisa
26.37%
Chorpenning, Frank W. (The Ohio State University, Columbus), and Matthew C. Dodd. Heterogenetic antigens of gram-positive bacteria. J. Bacteriol. 91:1440–1445. 1966.—Soluble antigens obtained by various methods from gram-positive bacteria were used to modify erythrocytes whose hemagglutinating reactions with immune rabbit sera and normal human sera were then studied. Antigens from all gram-positive organisms studied except corynbacteria altered red cells, causing them to react with specific bacterial antisera and with normal human sera; however, cross-absorption and inhibition tests indicated that at least three different specificites were involved. One of these antigens seemed to be similar to Rantz's streptococcal NSS, which is shared with Staphylococcus aureus and Bacillus spp., and is therefore heterogenetic. Another was found in streptococci but was apparently not present in S. aureus and Bacillus spp. A third antigen, also heterogenetic, appeared to be shared by several species of Bacillus and by S. aureus, but not by streptococci or any gram-negative bacteria. The third antigen was heat-stable at pH 8.0, and appeared to be essentially polysaccharide in nature. Normal human sera varied in their content of antibodies which reacted with erythrocytes modified by extracts from gram-positive bacteria. Whereas some sera reacted very broadly with red cells modified by extracts of practically any gram-positive organism...

Developing a Cost-Benefit Framework for Future Evaluation of SEC Mandatory Disclosure Regulation of Hedge Funds under Dodd-Frank

Geck, Kevin
Fonte: Universidade Duke Publicador: Universidade Duke
Publicado em 22/04/2011 Português
Relevância na Pesquisa
66.68%
This paper analyzes the information provision requirements placed on hedge funds in Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Because the legislation and rulemaking are yet to be implemented, I use three historical examples of similar information provision policies to identify areas of costs and benefits relevant to information disclosure policy. With these categories of costs and benefits established, I create a framework for consideration by economists in future cost-benefit analyses of the rule. The 1934 Securities Exchange Act, the 1960 Amendments to the Investment Advisers Act, and the 2004 SEC decision to mandate hedge fund information disclosure are unique policy events that provide the investigative background of the relevant costs and benefits of the SEC’s mandatory disclosure policies. Language from these statutes is the backbone for Dodd-Frank Title IV, which amends Section 204 of the Investment Advisers Act to include hedge funds in the SEC disclosure regulation scheme. Research and analysis of historical disclosure policies furnishes specific categories of costs and benefits to create a framework for future analysis. The relevant areas include the following categories: firm level cost of compliance with regulation; market-wide cost of decreased hedge fund activity...

Contrasting Two Models for Reporting Corporate Social Activities: Encouraging the Responsible and Discouraging the Irresponsible; Contrasting Two Models for Reporting Corporate Social Activities: Encouraging the Responsible and Discouraging the Irresponsible; Contrasting Two Models for Reporting Corporate Social Activities: Encouraging the Responsible and Discouraging the Irresponsible

Harris, Jean E.; The Pennsylvania State University - Capital College School of Business Administration; Cunningham, Gary M.; Faculty of Business Administration Åbo Akademi University
Fonte: Universidade Federal Fluminense - LATEC Publicador: Universidade Federal Fluminense - LATEC
Tipo: info:eu-repo/semantics/article; info:eu-repo/semantics/publishedVersion; Formato: application/pdf
Publicado em 21/03/2012 Português
Relevância na Pesquisa
26.49%
This paper reviews the traditional incentive model of reporting corporate social responsibility (CSR), a complementary disincentive model is introduced, and the two are compared. Both models are grounded in the assumption that reporting increases the supply of information to inform providers of capital and, being informed, providers respond. The traditional model assumes an incentive response, i.e. the capital is provided and the cost of capital is beneficial to the company. By contrast, and the emerging model assumes a disincentive response, information motivates potential debt or equity investors to withhold capital. The emerging disincentive model is seen in the coal mining industry of the U.S. through (a)  derivative lawsuits by shareholders to obtain safety and environmental information about corporate actions, (b) banking policies that restrict credit for mountaintop removal coal mining (MTRM), and (c) regulatory provisions e.g. Dodd-Frank Act requiring financial statement disclosure of  health and safety mining health and safety standards. Also, the disincentive model is advanced through technology (a) in collection, aggregation, and disclosure of information and (b) investment funds that exclude socially irresponsible companies.  The emerging CSR disincentive reporting model (a) addresses core accountability aspects reporting compliance failures with laws and regulations and (b) incorporates beneficial accounting and auditing attributes. Implications for further research are presented.; This paper reviews the traditional incentive model of reporting corporate social responsibility (CSR)...

The liquidity dilemma and the repo market: a two-step policy option to address the regulatory void

Saguato, Paolo
Fonte: The London School of Economics and Political Science Publicador: The London School of Economics and Political Science
Tipo: Monograph; NonPeerReviewed Formato: application/pdf
Publicado em //2015 Português
Relevância na Pesquisa
26.37%
A repurchase agreement (repo) is the sale of financial assets coupled with a promise to repurchase the same assets at a later date. With similar economic characteristics to secured loans and bank deposits, the repo market is one of the main sources of liquidity for financial markets and a vital segment of the US financial system. During the financial crisis of 2007-2009, when the markets crashed and the value of many assets dropped, repo lenders lost confidence in the repo market and massively withdrew their financing. Panic then ensued, drying up the liquidity in the markets. The over-reliance on short-term repo financing magnified the liquidity crunch, and financial institutions such as Lehman Brothers and Bear Stearns were brought to the brink of ruin. The crisis unveiled the deep opacity of the repo market, its proneness to runs, its structural weaknesses, the interconnectedness of its participants, the absence of stability buffers, and the lack of any comprehensive regulatory or supervisory framework. Astonishingly, however, the post-crisis regulatory agenda almost completely ignored the repo market. Though depicted as a reform intended to create a safer financial system, the Dodd-Frank Act essentially left untouched this important source of systemic risk. After outlining the repo market and shedding new light on its structural instability...