Comment Letters and Large Asset Transactions: Evidence From an Emerging Market

2020 ◽  
Author(s):  
Shuo Yang
Keyword(s):  
Emerging Market ◽  
Comment Letters

Comment letters on annual reports: Evidence from an emerging market

2021 ◽  
Author(s):  
Shuo Yang
Keyword(s):  
Propensity Score ◽  
Financial Reporting ◽  
Emerging Market ◽  
Securities And Exchange Commission ◽  
Annual Reports ◽  
Matched Sample ◽  
Disclosure Quality ◽  
Weak Institutions ◽  
Comment Letters ◽  
The U.S

This paper examines comment letters on firms’ annual reports in an emerging market. The literature primarily focuses on comment letters issued by the U.S. Securities and Exchange Commission (SEC), although many other market regulators also use SEC-style comment letters. Comment letters can potentially be very impactful in emerging markets due to weak institutions and low disclosure quality in these markets. Using comment letters in China from 2015 to 2019, I find that the market response to the receipt of comment letters is significantly negative and associated with the severity of the comment letters. The receipt (severity) of comment letters is associated with adverse regulatory consequences, CEO turnover, corrective actions to remedy financial reporting, and poor future financial performance in the propensity score matched sample (recipient sample). Overall disclosure quality in the post-review year does not increase, but some comment letter topics prompt topic-specific financial reporting changes.

Upheaval in the distribution of power in the world economy: Problems and outlook of the world economy to 2050

2017 ◽  
pp. 114-127 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Policy ◽  
International Trade ◽  
World Economy ◽  
Emerging Market ◽  
Detailed Review ◽  
Depressed State ◽  
Industry Output ◽  
The World ◽  
Distribution Of Power ◽  
The Eu

Causes of upheaval in the distribution of power among large advanced and emerging market economies in the XXI century, especially in industry output and international trade, are a topic of the paper. Problems of employment, financialization and income distribution inequality as consequences of globalization are identified as the most important. Causes of the depressed state of the EU and the eurozone are presented in a detailed review. In this content, PwC forecast of changes in the world economy by 2050, to the author’s view, optimistically provides for wise and diligent economic policy.

Book Reviews

2005 ◽  
Vol 55 (2) ◽  
pp. 235-249
Author(s):  
Csilla Varga ◽  
György Lengyel ◽  
Viktória Vásáry
Keyword(s):  
Rural Development ◽  
Emerging Market ◽  
Social Position ◽  
Emerging Market Economies ◽  
Multifunctional Agriculture ◽  
New Paradigm ◽  
Ashgate Publishing ◽  
Publishing Limited ◽  
European Agriculture

Grzegorz W. Kolodko: Emerging Market Economies: Globalization and Development (Aldershot and Burlington: Ashgate, 2003, 281 pp.) - Reviewed by Csilla Varga); Mihály Laki - Júlia Szalai: Vállalkozók vagy polgárok? A nagyvállalkozók gazdasági és társadalmi helyzetének ambivalenciái az ezredforduló Magyarországán (Entrepreneur or Citoyen? Ambivalences of the Economic and Social Position of Great Entrepreneurs at the Turn of the Millenium in Hungary) (Budapest: Osiris, 2004, 271 pp.) - Reviewed by György Lengyel; Guido van Huylenbroeck - Guy Durand (eds): Multifunctional Agriculture. A New Paradigm for European Agriculture and Rural Development (Hampshire, England: Ashgate Publishing Limited, 2003, 239 pp.) - Reviewed by Viktória Vásáry

Emerging Market Risk Premiums

CFA Magazine ◽  
2005 ◽  
Vol 16 (2) ◽  
pp. 38-39
Author(s):  
Cynthia Harrington
Keyword(s):  
Emerging Market ◽  
Market Risk ◽  
Risk Premiums

Emerging Market Integrity

CFA Magazine ◽  
2004 ◽  
Vol 15 (5) ◽  
pp. 34-38 ◽  
Author(s):  
Jonathan Barnes
Keyword(s):  
Emerging Market
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