The Experts below are selected from a list of 103296 Experts worldwide ranked by ideXlab platform
Earl R Wilson - One of the best experts on this subject based on the ideXlab platform.
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Information Transparency and pricing in the municipal bond secondary market
Journal of Accounting and Public Policy, 2006Co-Authors: Jacqueline L Reck, Earl R WilsonAbstract:Abstract This study examines whether the proliferation of new Information sources about municipal issuers during the 1990s, including annual financial disclosures required by the SEC under its revised Rule 15c2-12, has resulted in greater Information Transparency and improved pricing in the municipal bond secondary market. Unlike the corporate equity and bond markets, the secondary market for municipal bonds has suffered from a lack of frequent and timely disclosures of issuer-specific Information. Prior accounting research, using data from the 1980s (e.g., Ingram, R.W., Raman, K.K., Wilson, E.R., 1989. The Information in governmental annual reports: A contemporaneous price reaction approach. The Accounting Review 64 (2), 250–268; Ingram, R.W., Wilson, E.R., 1999. Information intermediation and seasoned municipal bond yields. Research in Governmental and Nonprofit Accounting 10, 1–31; Reck, J.L., Wilson, E.R., Gotlob, D., Lawrence, C., 2004. Governmental capital markets research in accounting: A review, extension, and directions for future research. Research in Governmental and Nonprofit Accounting 11, 1–33), found that the prices of seasoned bonds (those already trading in the secondary market) primarily adjust to Information disclosed at the time of subsequent new bond issues of the same entity. Our comparative empirical analysis using data from both the 1990s and 1980s suggests that seasoned bond prices now impound Information throughout the year rather than just adjusting to Information disclosed in connection with new issues. This finding is consistent with the rapid proliferation of alternative Information sources during the past decade. Our results provide no direct evidence, however, that secondary market prices react to the disclosures required by the SEC since 1995.
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Information Transparency and pricing in the municipal bond secondary market
Journal of Accounting and Public Policy, 2006Co-Authors: Jacqueline Reck, Earl R WilsonAbstract:Abstract This study examines whether the proliferation of new Information sources about municipal issuers during the 1990s, including annual financial disclosures required by the SEC under its revised Rule 15c2-12, has resulted in greater Information Transparency and improved pricing in the municipal bond secondary market. Unlike the corporate equity and bond markets, the secondary market for municipal bonds has suffered from a lack of frequent and timely disclosures of issuer-specific Information. Prior accounting research, using data from the 1980s (e.g., Ingram, R.W., Raman, K.K., Wilson, E.R., 1989. The Information in governmental annual reports: A contemporaneous price reaction approach. The Accounting Review 64 (2), 250–268; Ingram, R.W., Wilson, E.R., 1999. Information intermediation and seasoned municipal bond yields. Research in Governmental and Nonprofit Accounting 10, 1–31; Reck, J.L., Wilson, E.R., Gotlob, D., Lawrence, C., 2004. Governmental capital markets research in accounting: A review, extension, and directions for future research. Research in Governmental and Nonprofit Accounting 11, 1–33), found that the prices of seasoned bonds (those already trading in the secondary market) primarily adjust to Information disclosed at the time of subsequent new bond issues of the same entity. Our comparative empirical analysis using data from both the 1990s and 1980s suggests that seasoned bond prices now impound Information throughout the year rather than just adjusting to Information disclosed in connection with new issues. This finding is consistent with the rapid proliferation of alternative Information sources during the past decade. Our results provide no direct evidence, however, that secondary market prices react to the disclosures required by the SEC since 1995.
Jbm Jan Van Doremalen - One of the best experts on this subject based on the ideXlab platform.
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travail Transparency and trust a case study of computer supported collaborative supply chain planning in high tech electronics
European Journal of Operational Research, 2004Co-Authors: Henk Akkermans, Paul Bogerd, Jbm Jan Van DoremalenAbstract:Describes a case study of supply chain collaboration facilitated by a decision support environment in a high-tech electronics supply chain with multiple independent companies. In a business process called collaborative planning, representatives from these companies jointly take decisions regarding production and shipments for a large part of their collective supply chain. Particular attention is given to the interactions between levels of partner trust and Information Transparency on the one hand, and resulting improvements in supply chain performance on the other. The importance of hard work in developing the work flows necessary to support this joint planning process in starting a virtuous cycle of steadily increasing levels of all these aspects of supply chain collaboration is stressed. A theoretical model of the interactions between these aspects is presented, based upon a review in the literature. This model is then explored in an analysis of the collaborative planning case. Contains suggestions for further research and managerial recommendations.
Jacqueline L Reck - One of the best experts on this subject based on the ideXlab platform.
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Information Transparency and pricing in the municipal bond secondary market
Journal of Accounting and Public Policy, 2006Co-Authors: Jacqueline L Reck, Earl R WilsonAbstract:Abstract This study examines whether the proliferation of new Information sources about municipal issuers during the 1990s, including annual financial disclosures required by the SEC under its revised Rule 15c2-12, has resulted in greater Information Transparency and improved pricing in the municipal bond secondary market. Unlike the corporate equity and bond markets, the secondary market for municipal bonds has suffered from a lack of frequent and timely disclosures of issuer-specific Information. Prior accounting research, using data from the 1980s (e.g., Ingram, R.W., Raman, K.K., Wilson, E.R., 1989. The Information in governmental annual reports: A contemporaneous price reaction approach. The Accounting Review 64 (2), 250–268; Ingram, R.W., Wilson, E.R., 1999. Information intermediation and seasoned municipal bond yields. Research in Governmental and Nonprofit Accounting 10, 1–31; Reck, J.L., Wilson, E.R., Gotlob, D., Lawrence, C., 2004. Governmental capital markets research in accounting: A review, extension, and directions for future research. Research in Governmental and Nonprofit Accounting 11, 1–33), found that the prices of seasoned bonds (those already trading in the secondary market) primarily adjust to Information disclosed at the time of subsequent new bond issues of the same entity. Our comparative empirical analysis using data from both the 1990s and 1980s suggests that seasoned bond prices now impound Information throughout the year rather than just adjusting to Information disclosed in connection with new issues. This finding is consistent with the rapid proliferation of alternative Information sources during the past decade. Our results provide no direct evidence, however, that secondary market prices react to the disclosures required by the SEC since 1995.
Jacqueline Reck - One of the best experts on this subject based on the ideXlab platform.
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Information Transparency and pricing in the municipal bond secondary market
Journal of Accounting and Public Policy, 2006Co-Authors: Jacqueline Reck, Earl R WilsonAbstract:Abstract This study examines whether the proliferation of new Information sources about municipal issuers during the 1990s, including annual financial disclosures required by the SEC under its revised Rule 15c2-12, has resulted in greater Information Transparency and improved pricing in the municipal bond secondary market. Unlike the corporate equity and bond markets, the secondary market for municipal bonds has suffered from a lack of frequent and timely disclosures of issuer-specific Information. Prior accounting research, using data from the 1980s (e.g., Ingram, R.W., Raman, K.K., Wilson, E.R., 1989. The Information in governmental annual reports: A contemporaneous price reaction approach. The Accounting Review 64 (2), 250–268; Ingram, R.W., Wilson, E.R., 1999. Information intermediation and seasoned municipal bond yields. Research in Governmental and Nonprofit Accounting 10, 1–31; Reck, J.L., Wilson, E.R., Gotlob, D., Lawrence, C., 2004. Governmental capital markets research in accounting: A review, extension, and directions for future research. Research in Governmental and Nonprofit Accounting 11, 1–33), found that the prices of seasoned bonds (those already trading in the secondary market) primarily adjust to Information disclosed at the time of subsequent new bond issues of the same entity. Our comparative empirical analysis using data from both the 1990s and 1980s suggests that seasoned bond prices now impound Information throughout the year rather than just adjusting to Information disclosed in connection with new issues. This finding is consistent with the rapid proliferation of alternative Information sources during the past decade. Our results provide no direct evidence, however, that secondary market prices react to the disclosures required by the SEC since 1995.
Henk Akkermans - One of the best experts on this subject based on the ideXlab platform.
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travail Transparency and trust a case study of computer supported collaborative supply chain planning in high tech electronics
European Journal of Operational Research, 2004Co-Authors: Henk Akkermans, Paul Bogerd, Jbm Jan Van DoremalenAbstract:Describes a case study of supply chain collaboration facilitated by a decision support environment in a high-tech electronics supply chain with multiple independent companies. In a business process called collaborative planning, representatives from these companies jointly take decisions regarding production and shipments for a large part of their collective supply chain. Particular attention is given to the interactions between levels of partner trust and Information Transparency on the one hand, and resulting improvements in supply chain performance on the other. The importance of hard work in developing the work flows necessary to support this joint planning process in starting a virtuous cycle of steadily increasing levels of all these aspects of supply chain collaboration is stressed. A theoretical model of the interactions between these aspects is presented, based upon a review in the literature. This model is then explored in an analysis of the collaborative planning case. Contains suggestions for further research and managerial recommendations.