Veryfication of the disclosure lemma for Polish broker-dealer market

Staszkiewicz, Piotr W. (2012): Veryfication of the disclosure lemma for Polish broker-dealer market. Forthcoming in:

Abstract

The paper presents the approach for the verification of the lemma used for the model for reputation risk for subsidiaries of non-public group with reciprocal shareholding as proposed by the author in priory works. For all entities with the absolute value of the reputation risk greater than the entity’s materiality the reputation risk management system should be in place . The entire population of the Polish broker-dealers market was investigated. Based on the accounting assessment of the materiality, market value of the consolidated equity for listed groups and BASEL II disclosure a verification procedure was designed. Based on the procedure, the lemma was confirmed.

• Item Type: MPRA Paper
• Language: English
• Keywords: Risk; Reputational risk; Model; Risk management; IFRS; BASEL; CRD; Accord; Solvency; Disclosure
• Subjects: L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L14 - Transactional Relationships ; Contracts and Reputation ; Networks; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M4 - Accounting and Auditing > M41 - Accounting; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance; K - Law and Economics > K2 - Regulation and Business Law > K23 - Regulated Industries and Administrative Law; G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy ; Financial Risk and Risk Management ; Capital and Ownership Structure ; Value of Firms ; Goodwill; G - Financial Economics > G3 - Corporate Finance and Governance > G33 - Bankruptcy ; Liquidation; G - Financial Economics > G2 - Financial Institutions and Services > G24 - Investment Banking ; Venture Capital ; Brokerage ; Ratings and Ratings Agencies

References

Adamska, A., and T Dabrowski. "Ile warta jest marka?" Monitor rachunkowości i finansów 10, no. 33 (2001): 43-47.

Adamska, A., and T Dabrowski. "Zarządzanie ryzykiem reputacji w banku." Finanse. Czasopismo Komitetu Nauk o Finansach PAN 1, no. 2 (2010): 93-111.

Barth, Mary E, and Wayne R Landsman. "How Did Financial Reporting Contribute to the Financial Crisis?" European Accounting Review 19 (2010): 399-423.

Bebbington, J., C. Larrinaga, and J.M. Moneva. "Corporate Social Reporting and Reputation Risk Management." Accounting, Auditing & Accountability Journal 21, no. 3 (2008): 337-361.

Bischof, Jannis. "Relaxation of Fair Value Rules in Times of Crisis: An Analysis of Economic Benefits and Costs of the Amendment to Ias 39." October (2010).

Blokdijk, H., F. Drieenhuizen, D.A. Simunic, and M.T. Stein. "Factors Affecting Auditors' Assessments of Planning Materiality." Auditing 22, no. 2 (2003): 297-307.

Buczek, Sebastian B. "Efektywność informacyjna rynków akcji: teoria a rzeczywistość." (2005): 251.

Lajoie, Christian. "Ryzyko utraty reputacji – nowy wymiar ryzyka." Rynek terminowy 2 (2004): 69-73.

Scott, S.V., and G. Walsham. "Reconceptualizing and Managing Reputation Risk in the Knowledge Economy: Toward Reputable Action." Organization Science (2005): 308-322.

Slawinski, Andrzej. "Lessons from the Euro Zone Experiences for the Cee Entrants." Argumenta Oeconomica 24, no. 1 (2010): 49-64.

Staszkiewicz, Piotr;. "Model for Reputational Risk for Subsidiaries of Non-Public Group with Reciprocal Shareholding." (2012).

Strampelli, Giovanni. "The Ias/Ifrs after the Crisis: Limiting the Impact of Fair Value Accounting on Companies' Capital." European Company & Financial Law Review 8 (2011): p1-29.

Tadelis, Steven. "What's in a Name? Reputation as a Tradeable Asset." The American Economic Review 89, no. 3 (1999): 548-563.