ArticleZhou, YanjuThe research of operational risk management among Chinese commercial banks is still in its preliminary stage. Operational risk events are rare and data is hard to collect. This leads to very small data samples. Besides, a large number of empirical res . . .
ArticleJorion, PhilippeThis paper studies the hedging activities of 119 U.S. oil and gas producers from 1998 to 21 and evaluates their effect on firm value. Theories of hedging based on market imperfections imply that hedging should increase the firm's market value (MV). To . . .
ArticleAn Entropy Testing Model Research On The Quality Of Internal Control And Accounting Conservatism: Empirical Evidence From The Financial Companies Of China From 2007 To 2011Wang, ZongrunWe set information disclosure of internal control as a starting point to explore the relationship between the quality of internal control and accounting conservatism, and then adopt the entropy testing model to calculate the index of the internal cont . . .