The Experts below are selected from a list of 408984 Experts worldwide ranked by ideXlab platform
Iftekhar Hasan - One of the best experts on this subject based on the ideXlab platform.
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banking reform risk taking and earnings quality evidence from transition countries
Research Papers in Economics, 2014Co-Authors: Yiwei Fang, Iftekhar HasanAbstract:The dynamic banking reforms of Central and Eastern Europe (CEE) following the collapse of the Soviet Union provide an ideal research setting for examining the causal effect of Institutional Development on financial reporting. Using five earnings quality measures, we consistently find that banking reform improves accounting quality and reduces earnings management incentives in the 16 transition countries considered. The results strongly hold in our within-country and difference-in-difference models, as well as in non-parametric analyses. We also find supporting evidence for the notion that excessive risk-taking of banks impairs earnings quality. As a result, banking reform improves earnings quality partially through its ability to curb risk-taking behavior. Publication keywords: earnings management, earnings quality, Institutional Development, bank risk-taking
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Institutional Development and bank stability evidence from transition countries
Journal of Banking and Finance, 2014Co-Authors: Yiwei Fang, Iftekhar Hasan, Katherin MartonAbstract:G21 P30 P34 P52 abstract This paper takes advantage of the dynamic nature of Institutional reforms in transition economies and explores the causal effects of those reforms on bank risk. Using a difference-in-difference approach, we show that banks' financial stability increases substantially after these countries reform their legal insti- tutions, liberalize banking, and restructure corporate governance. We also find that the effects of legal and governance reforms on bank risk may critically depend on the progress of banking reforms. A further examination of alternative risk measures reveals that the increases in financial stability among banks mainly come from the reduction of asset risk. Banks tend to have lower ROA volatility and fewer nonper- forming loans after reforming the Institutional environment. Finally, we split our sample into foreign and domestic banks and find that the enhancement of financial stability is more pronounced for domestic banks.
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Institutional Development and stock price synchronicity evidence from china
Research Papers in Economics, 2013Co-Authors: Iftekhar Hasan, Liang Song, Paul WachtelAbstract:Better developed legal and political institutions result in greater availability of reliable firm-specific information. When stock prices reflect more firm-specific information there will be less stock price synchronicity. This paper traces the experience of China, an economy undergoing dramatic Institutional change in the last 20 years with rich variation in experiences across provinces. We show that stock price synchronicity is lower when there is Institutional Development in terms of property rights protection and rule of law. Further-more, we investigate the influence of political pluralism on synchronicity. A more pluralistic regime reduces uncertainty and opaqueness regarding government interventions and therefore increases the value of firm-specific information that reduces synchronicity. JEL Classification Numbers: G14; G15; G24; G38 Keywords: Institutions; China; stock price synchronicity
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Institutional Development and stock price synchronicity evidence from china
Social Science Research Network, 2013Co-Authors: Iftekhar Hasan, Liang Song, Paul WachtelAbstract:Better developed legal and political institutions result in greater availability of reliable firm-specific information. When stock prices reflect more firm-specific information there will be less stock price synchronicity. This paper traces the experience of China, an economy undergoing dramatic Institutional change in the last 20 years with rich variation in experiences across provinces. We show that stock price synchronicity is lower when there is Institutional Development in terms of property rights protection and rule of law. Furthermore, we investigate the influence of political pluralism on synchronicity. A more pluralistic regime reduces uncertainty and opaqueness regarding government interventions and therefore increases the value of firm-specific information that reduces synchronicity.
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Institutional Development financial deepening and economic growth evidence from china
Journal of Banking and Finance, 2009Co-Authors: Iftekhar Hasan, Paul Wachtel, Mingming ZhouAbstract:Ilmestynyt myos New York University . Leonard N. Stern School of Business . Economics department working papers 7/2007
Monisha Bajaj - One of the best experts on this subject based on the ideXlab platform.
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conjectures on peace education and gandhian studies method Institutional Development and globalization
Social Science Research Network, 2010Co-Authors: Monisha BajajAbstract:This article examines the similarities and differences of the fields of Gandhian studies and peace education through an exploration of their content, Institutional Development, and globalization since the mid-20th century. The methods utilized include document review of syllabi and course descriptions in Gandhian studies and peace education, as well as interviews with individuals involved in both fields. Through an examination of the history, emergence, and core concepts in each field, this article argues that both fields have the potential to offer each other important lessons based in their own unique trajectories. Specifically, it was found that educational movements, and structural analyses of power and inequality that are often integral to them, in the global South can inform peace education by diversifying the voices deemed canonical in the field. Similarly, Gandhian studies, in responding to the unique dilemma of expanding resources and Institutionalization amidst decreasing student demand, may do well to broaden its foci and further integrate contemporary social issues related to peace and social justice.
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conjectures on peace education and gandhian studies method Institutional Development and globalization
Journal of Peace Education, 2010Co-Authors: Monisha BajajAbstract:This article examines the similarities and differences of the fields of Gandhian studies and peace education through an exploration of their content, Institutional Development, and globalization since the mid‐twentieth century. The methods utilized include document review of syllabi and course descriptions in Gandhian studies and peace education, as well as interviews with individuals involved in both fields. Through an examination of the history, emergence and core concepts in each field, this article argues that both fields have the potential to offer each other important lessons based in their own unique trajectories. Specifically, it was found that educational movements, and structural analyses of power and inequality that are often integral to them, in the global South can inform peace education by diversifying the voices deemed canonical in the field. Similarly, Gandhian studies, in responding to the unique dilemma of expanding resources and Institutionalization amidst decreasing student demand, may...
Joana Naritomi - One of the best experts on this subject based on the ideXlab platform.
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Institutional Development and colonial heritage within brazil
The Journal of Economic History, 2012Co-Authors: Joana Naritomi, Rodrigo R Soares, Juliano AssuncaoAbstract:This article analyzes the determinants of local institutions in Brazil. We show that Institutional quality and distribution of land are partly inherited from the colonial histories experienced by different areas of the country. The sugar cane boom—characterized by an oligarchic society—is associated with more land inequality. The gold boom—characterized by a heavily inefficient presence of the Portuguese state—is associated with worse governance and access to justice. We do not find similar effects for a postcolonial boom (coffee). We also find that the colonial episodes are correlated with lower provision of public goods.
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Institutional Development and colonial heritage within brazil
Social Science Research Network, 2009Co-Authors: Joana Naritomi, Rodrigo R Soares, Juliano AssuncaoAbstract:This paper analyzes the determinants of local institutions and distribution of political power within a constant 'macro-Institutional' setting. We show that characteristics of Brazilian municipalities related to Institutional quality and distribution of political power are partly inherited from the colonial histories experienced by different areas of the country. Municipalities with origins tracing back to the sugar-cane colonial cycle – characterized by a polarized and oligarchic socioeconomic structure – display today more inequality in the distribution of endowments (land). Municipalities with origins tracing back to the gold colonial cycle – characterized by a heavily inefficient presence of the Portuguese state – display today worse governance practices and less access to justice. The colonial rent-seeking episodes are also correlated with lower provision of public goods and lower income per capita.
Juliano Assuncao - One of the best experts on this subject based on the ideXlab platform.
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Institutional Development and colonial heritage within brazil
The Journal of Economic History, 2012Co-Authors: Joana Naritomi, Rodrigo R Soares, Juliano AssuncaoAbstract:This article analyzes the determinants of local institutions in Brazil. We show that Institutional quality and distribution of land are partly inherited from the colonial histories experienced by different areas of the country. The sugar cane boom—characterized by an oligarchic society—is associated with more land inequality. The gold boom—characterized by a heavily inefficient presence of the Portuguese state—is associated with worse governance and access to justice. We do not find similar effects for a postcolonial boom (coffee). We also find that the colonial episodes are correlated with lower provision of public goods.
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Institutional Development and colonial heritage within brazil
Social Science Research Network, 2009Co-Authors: Joana Naritomi, Rodrigo R Soares, Juliano AssuncaoAbstract:This paper analyzes the determinants of local institutions and distribution of political power within a constant 'macro-Institutional' setting. We show that characteristics of Brazilian municipalities related to Institutional quality and distribution of political power are partly inherited from the colonial histories experienced by different areas of the country. Municipalities with origins tracing back to the sugar-cane colonial cycle – characterized by a polarized and oligarchic socioeconomic structure – display today more inequality in the distribution of endowments (land). Municipalities with origins tracing back to the gold colonial cycle – characterized by a heavily inefficient presence of the Portuguese state – display today worse governance practices and less access to justice. The colonial rent-seeking episodes are also correlated with lower provision of public goods and lower income per capita.
Paul Wachtel - One of the best experts on this subject based on the ideXlab platform.
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Institutional Development and stock price synchronicity evidence from china
Research Papers in Economics, 2013Co-Authors: Iftekhar Hasan, Liang Song, Paul WachtelAbstract:Better developed legal and political institutions result in greater availability of reliable firm-specific information. When stock prices reflect more firm-specific information there will be less stock price synchronicity. This paper traces the experience of China, an economy undergoing dramatic Institutional change in the last 20 years with rich variation in experiences across provinces. We show that stock price synchronicity is lower when there is Institutional Development in terms of property rights protection and rule of law. Further-more, we investigate the influence of political pluralism on synchronicity. A more pluralistic regime reduces uncertainty and opaqueness regarding government interventions and therefore increases the value of firm-specific information that reduces synchronicity. JEL Classification Numbers: G14; G15; G24; G38 Keywords: Institutions; China; stock price synchronicity
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Institutional Development and stock price synchronicity evidence from china
Social Science Research Network, 2013Co-Authors: Iftekhar Hasan, Liang Song, Paul WachtelAbstract:Better developed legal and political institutions result in greater availability of reliable firm-specific information. When stock prices reflect more firm-specific information there will be less stock price synchronicity. This paper traces the experience of China, an economy undergoing dramatic Institutional change in the last 20 years with rich variation in experiences across provinces. We show that stock price synchronicity is lower when there is Institutional Development in terms of property rights protection and rule of law. Furthermore, we investigate the influence of political pluralism on synchronicity. A more pluralistic regime reduces uncertainty and opaqueness regarding government interventions and therefore increases the value of firm-specific information that reduces synchronicity.
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Institutional Development financial deepening and economic growth evidence from china
Journal of Banking and Finance, 2009Co-Authors: Iftekhar Hasan, Paul Wachtel, Mingming ZhouAbstract:Ilmestynyt myos New York University . Leonard N. Stern School of Business . Economics department working papers 7/2007
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Institutional Development financial deepening and economic growth evidence from china
2006Co-Authors: Iftekhar Hasan, Paul Wachtel, Mingming ZhouAbstract:There have been profound changes in both political and economic institutions in China over the last twenty years.Moreover, the pace of transition has led to variation across the country in the level of Development.In this paper, we use panel data for the Chinese provinces to study the role of legal institutions, financial deepening and political pluralism on growth rates.The most important Institutional Developments for a transition economy are the emergence and legalization of the market economy, the establishment of secure property rights, the growth of a private sector, the Development of financial sector institutions and markets, and the liberalization of political institutions.We develop measures of these phenomena, which are used as explanatory variables in regression models to explain provincial GDP growth rates.Our evidence suggests that the Development of financial markets, legal environment, awareness of property rights and political pluralism are associated with stronger growth. JEL Classifications: O16, P14, P16, O53
