III. SECURITIES MARKET INTERMEDIARIES ............................................. 283 A. Securities Analysts ....................................................................... 283 B. Auditors........................................................................................ 291 C. Proxy Advisory Services .............................................................. 294 D. Sharehold...

It is generally recognised that integration of European securities markets is economically beneficial to the Member States of the European Union and the European Economic Area. It promotes competition between securities service providers, enhances efficiency of financial systems and contributes to efficient allocation of resources. Integration can enable businesses to procure cheaper finance th...

The CGPS of the woodwork of a public university was observed and analyzed. Apart from what is usual in the field of Ergonomics' studies, it is an academic context, where there is not a direct implication of profit, productivity and clientele. The group tried to sever negative and broadcasted opinions about the place by analyzing it from a different point of view. This work was considered releva...

Pasture systems for grass-fed beef production in the Gulf Coast region were evaluated for profitability and sustainability over the period 2009/2010 to 2011/2012. May-weaned steers were divided into groups and randomly placed into different pasture systems. Data on input usage, output quantities, and carbon emissions were recorded and analyzed. The least complex grazing system yielded higher pr...

In asserting that the number of firms reporting small profits is abnormally high, thus suggesting that earnings management has taken place, accounting researchers assume that the distribution of reported earnings should be smooth for unmanaged earnings. This has never in fact been demonstrated. This article seeks to confirm this assumption through a laboratory experiment, and also sets out to i...

Inflation-protected securities are bonds with unique investment characteristics. These securities represent a relatively new type of financial asset in the United States, where the government first issued Treasury Inflation-Indexed Securities (also called Treasury inflation-protected securities, or TIPS) in January 1997. The TIPS market has experienced rapid growth: Its total value had climbed ...

The present paper studies a class of general equilibrium economies with imperfectly competitive financial intermediaries and price-taking consumers. Intermediaries optimally choose the securities they issue and the bid-ask spread they charge. Financial intermediation is costly, and hence markets are endogenously incomplete. An appropriate equilibrium concept is developed, and existence is prove...