1,720,991 research outputs found
Financial instrument disclosure in the Italian banking sector. a study on the value relevance of IFRS 7
No full textThis paper focuses on the issue of the relevance of financial instruments’ disclosure in the banking sector, considered as a topic of crucial importance especially after the recent financial crisis. Namely, this paper aims to test whether information required by IFRS 7 is value relevant for investors in order to support them in assigning appropriate risk levels in their investment decisions. The regulatory framework of bank’ financial risks is complex since it is formulated by a range of different bodies, including the Basel Committee, the IASB, the National Banking Supervisor and local accounting standards. Literature, however, argues for the incompleteness of such framework. This incompleteness is one of the premises for IFRS 7. The sample consists of the annual reports of all Italian listed banks over a 7-year period, 2007– 2013. To provide some first results, we have used an OLS model.
We expect to provide valuable evidence that banks complying with IFRS 7 are rewarded with higher evaluation by the market. Results confirm our expectations, showing a positive association between banks’ value and the financial index disclosure.
Our evidence contributes to the value relevance literature and brings useful insights to investors and regulators
The territorial report as an accountability tool. A proposal for Bloomsbury
No full textThe paper endeavours to analyse the themes of accountability in territory where a pool of actors interplay, influencing the grow of the territory while they achieve their personal mission. When this situation occurs, the territorial report can assume a double role, being an accountability tool to demonstrate to all stakeholders what have been done as well as a basis for programming new strategies and activities, involving all the community. Assuming this point of view, we consider the possibility to adopt a territorial reports in the context of Bloomsbury, the famous area in London where so many cultural activities take place and where a coordination is still missing. An accountability tool, in fact, can support a process of participation in planning and programming how to develop a territory, following a path which creates beneficial effects for the community while assuring a grow for each actors involved in the process
The determinants of risks disclosure in the report of the third pillar Market Discipline. Evidence from Italian banks.
No full text
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
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