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Investor Confidence (investor + confidence)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	100%

Selected Abstracts

The Effect of Board-Related Reforms on Investors' Confidence

AUSTRALIAN ACCOUNTING REVIEW, Issue 2 2008
Janet Lee
We survey Australian institutional and individual investors regarding how board-related reforms in the Australian Stock Exchange Corporate Governance Council 2003 recommendations and changes to the Corporations Act 2001 in 2004 affect their confidence as investors. The overall results are consistent with suggestions that individual and institutional investors differ in their corporate governance preferences and expectations. The results reveal that, for both individual and institutional investors, the average investor's confidence is improved by increased independence of the board and its committees, increased disclosures of corporate governance information, and CEO and CFO responsibility for the integrity of financial statements. The effect is strongest for individual investors, who also expect greater time commitments by non-executive directors. Institutional investors appear to have more concern for directors' competence or networking. [source]

The Deal Structuring Stage of the Venture Capitalist Decision-Making Process: Exploring Confidence and Control,

JOURNAL OF SMALL BUSINESS MANAGEMENT, Issue 2 2009
G. Tyge Payne
This exploratory study examines the deal structuring stage of the venture capitalist decision-making process. Here, the primary issues of concern are investor confidence and potential control of a venture in relation to the level of financing the investor provides and the structure with which the funding is delivered. Confidence comes in support of the entrepreneur, the venture itself, or a combination of the two, prior to capital transfer, but after the initial "invest or not invest" decision has already occurred. Findings support a multicriteria perspective of the pre-investment decision-making process and a distinct difference between entrepreneur confidence and venture confidence in the deal structuring stage. [source]

The Global Financial Architecture: Twenty-First Century Solutions,

AUSTRALIAN ACCOUNTING REVIEW, Issue 3 2009
Jane Diplock AO
Twentieth-century global financial architectural solutions are outdated and have been found wanting. They are fundamentally structural solutions and continuing to rely on them would be to run the risk of repeating our mistakes. We must look to twenty-first century solutions. Solutions created post-1945 need replacing with networked solutions, reflecting what we see in the Internet and its development. These are not fanciful notions but concepts that have already been successfully modelled, albeit in a relatively narrow sphere. What we need is a mechanism by which global financial standards can be implemented in every jurisdiction around the world. This paper proceeds from the premise that the nexus between investor confidence and financial market stability is a crucial one, and one that a regulatory approach can impact. It discusses the international regulatory environment and the role of key players in the emerging global financial architecture, in particular the International Organization of Securities Commissions (IOSCO). It also examines the potential that mutual recognition offers for the trans-Tasman market. [source]

Development and Distortion of Malaysian Public-Private Partnerships , Patronage, Privatised Profits and Pitfalls

AUSTRALIAN JOURNAL OF PUBLIC ADMINISTRATION, Issue 2010
Loo-See Beh
This article examines the politicisation of systemic patronage and privatised profits in the development of Public-Private Partnerships (PPPs) in Malaysia. Issues associated with inadequate regulatory frameworks, control, accountability and poorly managed risks, demonstrate that much more effective reforms are required to reduce further pitfalls, to protect public interests and to uphold the integrity of the public service and government. The adoption of a transparent procurement and evaluation system will be a challenging task if public and investor confidence is to be built up and strategic partnerships in the complex web of governance and administrative relationships in the governance of PPPs are to be developed effectively. Finally directions of reform and lessons learnt are suggested. [source]

The Market Value Implications of Post-Retirement Benefit Plans and Plan Surpluses , Canadian Evidence

CANADIAN JOURNAL OF ADMINISTRATIVE SCIENCES, Issue 3 2004
Christine I. Wiedman
We examine a sample of Canadian firms with defined benefit pension plans over 2000 and 2001, using note disclosures available for the first time in Canada in 2000, and find the following: On average, Canadian investors appear to view the deficit arising from under-funded plans as a liability of the sponsoring firm, but do not appear to view the surplus arising from over-funded plans as an asset of the firm. This finding is consistent with the legal constraints faced by Canadian firms attempting to withdraw a pension surplus from plans. Additionally, we document that post-retirement benefits other than pensions are largely unfunded in Canada, but are not consistently priced by the market. This latter result may be attributable to lack of investor confidence in the estimation of these liabilities. Our findings on defined benefit pension plans surpluses support current International Accounting Standards Board proposals on applying an asset ceiling test to pension surpluses. Résumé La présente étude utilise les informations annexes disponibles au Canada pour la premiére fois en 2000 pour analyser un échantillon d'entreprises canadiennes dotées, entre 2000 et 2001, de régimes de retraite àA prestations déterminées. L'étude révèle qu'en moyenne, les investisseurs canadiens ont tendance à considérer le déficit résultant des régimes sous-capitalisés comme une responsabilité des firmes promotrices; en revanche. ils refusent de considérer l'excédent résultant des régimes surcapitalisés comme un atout pour ces firmes. Cette attitude est attribuable aux contraintes juridiques auxquelles sont soumises les firmes canadiennes qui essaient de puiser le surplus des caisses de retraites. L'étude démontre que hormis les prestations de retraite, les indemnityés à la retraite manquent cruellement de capitaux au Canada et sont sous-évaluées parle marché. Ce dernier résultat peut être attribué au fait que les investisseurs n'ont pas foi en l'évaluation de leur passif. En ce qui conceme les excédents des régimes de retraites à prestations déterminées, nos conclusions vont dans le même sens que les propositions du Comité international de normalisation de la comptabilité qui recommandent I'application d'un test de plafonnement aux excédents des régimes de pensions. [source]