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The Changing Relationship Between Tax and Financial Reporting in Spain
The degree of connection between tax and financial reporting is regarded as a key factor in the study of international accounting differences. In order to measure the links between tax and financial reporting, this paper adopts the methodology of Lamb et al. (1998) by assessing major accounting topics using a...
The Present and Future of Financial Risk Management
Current research on financial risk management applications of econometrics centers on the accurate assessment of individual market and credit risks with relatively little theoretical or applied econometric research on other types of risk, aggregation risk, data incompleteness and optimal risk control. The paper reveals that consideration of the model risk...
The Impact of Real Estate on the Mixed-Asset Portfolio in Periods of Financial Stress
The case for holding real estate in the mixed-asset portfolio is typically made on its stabilizing effect as a result of its diversification benefits. However, portfolio diversification often fails when it is most needed, i.e. during periods of financial stress. In these periods, the variability of returns for most asset...
"Financial Alchemy" or a Zero Sum Game - Real Estate Finance, Securitisation and the UK Property Market
The paper reports preliminary findings from a project funded by the Corporation of London and the RICS Research Foundation examining a number of innovative schemes to identify, within a formal finance framework, sources of added value and hidden costs. The analysis indicates that many of the gains claimed conceal costs...
New Internet course will promote global standards in financial education.
M2 PRESSWIRE-11 April 2000-JOHN WILEY & SONS: New Internet course will promote global standards in financial education C1994-2000 M2 COMMUNICATIONS LTD RDATE:11042000 Chichester -- John Wiley & Sons, Ltd., has joined the formation of an innovative, transatlantic alliance that will harness...
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