Financial Analysts' Processing of Financial Reporting Information in Emerging and Frontier Markets

Emerging Markets Financial Openness and Financial Development

We examine the effect of financial openness on the development of financial systems in a panel of 35 emerging markets during the period of 1976 to 2003. A group of indicators including variables from banking sector, stock market, and national capital accounts are used as measures of financial openness and financial development. In addition, aggregate index measures are developed to incorporate ...

Excellence of Financial Reporting Information and Investment Productivity

Objective –This study intends to examine the relationship between investment efficiency and financial information excellence. The study is also examining the moderating impact of sustainability on the relation between excellence in financial information and investment productivity. Methodology –The cumulative measurements are 668 firm-years and are made up of 257 subsamples of underinvestment a...

Emerging Markets and Financial Intermediaries

Over the last fifteen years, emerging economies have experienced abrupt changes in bond spreads and large movements in capital flows. We propose a simple general equilibrium model where international investors hire fund managers to invest their capital either in the bonds of an emerging economy or in a riskless asset. We model the emerging economy as a small-open economy subject to an aggregate...

Financial Markets: Very Noisy Information Processing

Financial Markets: Very Noisy Information Processing Malik Magdon-Ismail, Alexander Nicholson and Yaser S. Abu-Mostafa Abstract| We report new results about the impact of noise on information processing, with application to nancial markets. These results quantify the tradeo between the amount of data and the noise level in the data. They also provide estimates for the performance of a learning ...

Markets for Financial Information