The Experts below are selected from a list of 11070 Experts worldwide ranked by ideXlab platform
Robert P Magee - One of the best experts on this subject based on the ideXlab platform.
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from low quality reporting to financial crises politics of disclosure regulation along the Economic Cycle
Journal of Accounting and Economics, 2011Co-Authors: Jeremy Bertomeu, Robert P MageeAbstract:This paper examines how financial reporting regulations affect, and respond to, macroEconomic Cycles by exploring a positive framework in which regulators subject to political pressures respond to cyclical demands by borrowers and lenders. We establish that, as Economic conditions initially decline, political power shifts toward interest groups favoring less financial transparency. What follows is a counter-cyclical increase in Economic activity, as more non-reporting loans are financed, possibly coincidental with more aggregate uncertainty. During a recession, reporting quality is increased, potentially causing a crisis-like adjustment of Economic activity to the Cycle. We also discuss implications for event studies, bank lobbying, mark-to-market and cost of capital.
Jeremy Bertomeu - One of the best experts on this subject based on the ideXlab platform.
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from low quality reporting to financial crises politics of disclosure regulation along the Economic Cycle
Journal of Accounting and Economics, 2011Co-Authors: Jeremy Bertomeu, Robert P MageeAbstract:This paper examines how financial reporting regulations affect, and respond to, macroEconomic Cycles by exploring a positive framework in which regulators subject to political pressures respond to cyclical demands by borrowers and lenders. We establish that, as Economic conditions initially decline, political power shifts toward interest groups favoring less financial transparency. What follows is a counter-cyclical increase in Economic activity, as more non-reporting loans are financed, possibly coincidental with more aggregate uncertainty. During a recession, reporting quality is increased, potentially causing a crisis-like adjustment of Economic activity to the Cycle. We also discuss implications for event studies, bank lobbying, mark-to-market and cost of capital.
Camilo Jose Vazquezordas - One of the best experts on this subject based on the ideXlab platform.
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occupational accidents and the Economic Cycle in spain 1994 2014
Safety Science, 2016Co-Authors: Beatriz Fernandezmuniz, Jose Manuel Montespeon, Camilo Jose VazquezordasAbstract:Abstract The sensitivity of occupational accidents to the Economic Cycle can shed light on the effectiveness of occupational health and safety policies. This work analyses the effect of the Economic Cycle on occupational accidents in Spain in the period 1994–2014. We first perform a regression analysis to evaluate the relation between GDP growth and incidence rate, comparing Spain and Germany. Statistics on GDP growth (OECD) and standardised incidence rates (from Eurostat) are used. Then, from a sectorial perspective, we perform a variance decomposition analysis to measure the effect of the increase in the incidence rates on the growth in the number of accidents in Spain between 2013 and 2014. We use data disaggregated by sector from national databases on occupational accidents to this end. Our results show a strong association between the Economic Cycle and occupational accidents in Spain. The recent Economic crisis led to a strong reduction in the incidence rate, which accelerated a decrease that began in 2001. With the Economic recovery beginning in 2014 the incidence rate has gone up again. This evidence indicates that Economic growth in Spain comes at the cost of a high level of occupational accidents, showing the weakness of its prevention system. Moreover, the growth in the number of accidents tends to concentrate in certain sectors, and is more due to an increase in their incidence rate than to the growth in their workforce. Firms in these sectors have also implemented prevention practices less intensely than the firms in other sectors.
Camilo José Vázquez-ordás - One of the best experts on this subject based on the ideXlab platform.
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Occupational accidents and the Economic Cycle in Spain 1994–2014
Safety Science, 2016Co-Authors: Beatriz Fernández-muñiz, José Manuel Montes-peón, Camilo José Vázquez-ordásAbstract:Abstract The sensitivity of occupational accidents to the Economic Cycle can shed light on the effectiveness of occupational health and safety policies. This work analyses the effect of the Economic Cycle on occupational accidents in Spain in the period 1994–2014. We first perform a regression analysis to evaluate the relation between GDP growth and incidence rate, comparing Spain and Germany. Statistics on GDP growth (OECD) and standardised incidence rates (from Eurostat) are used. Then, from a sectorial perspective, we perform a variance decomposition analysis to measure the effect of the increase in the incidence rates on the growth in the number of accidents in Spain between 2013 and 2014. We use data disaggregated by sector from national databases on occupational accidents to this end. Our results show a strong association between the Economic Cycle and occupational accidents in Spain. The recent Economic crisis led to a strong reduction in the incidence rate, which accelerated a decrease that began in 2001. With the Economic recovery beginning in 2014 the incidence rate has gone up again. This evidence indicates that Economic growth in Spain comes at the cost of a high level of occupational accidents, showing the weakness of its prevention system. Moreover, the growth in the number of accidents tends to concentrate in certain sectors, and is more due to an increase in their incidence rate than to the growth in their workforce. Firms in these sectors have also implemented prevention practices less intensely than the firms in other sectors.
David F J Campbell - One of the best experts on this subject based on the ideXlab platform.
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creativity economy and a crisis of the economy coevolution of knowledge innovation and creativity and of the knowledge economy and knowledge society
Journal of The Knowledge Economy, 2012Co-Authors: Igor N Dubina, Elias G Carayannis, David F J CampbellAbstract:In this article, we define conceptually the “creativity economy” and suggest a model that interrelates creativity, knowledge, and innovation economies. The “creativity economy” surpasses earlier concepts of the “creative economy” (creative industries, creative occupations). We discuss patterns of a complex dialectic and cyclical interaction between phenomena of a crisis and creative and/or innovative activities. Economic growth stimulates investments in innovation that drive creativity and innovation, consequently resulting in further Economic growth. However, at a certain level, creative and innovative activity may peak in context of the Economic Cycle, and the rate of Economic growth could be slowing down again. If there is too much innovation, then this creates challenges in the sense of questioning the established structures, finally creating a need for developing new structures. Organizations, societies, economies, or systems can be more or less successful in doing so. There operates a coevolution between knowledge, innovation, and creativity on the one hand, and the knowledge economy and knowledge society on the other. The more advanced and mature a knowledge economy (creativity economy) and knowledge society (creativity society) are, the more knowledge, innovation, and creativity can be absorbed and are even being demanded for further progress.
