The Financier articles

Recent articles from The Financier

C'est La VIE: FIN 46.(variable interest entities)(Financial Interpretation 46)
March 22, 2003... Financial Interpretation 46 (FIN 46) and its subsequent revision in January of 2003 (FIN 46 R) has changed the rules for the consolidation of variable interest entities (VIEs). An asset-backed commercial paper conduit is a VIE and thus affected by this accounting interpretation. A Qualifying...

Shareholder class actions after the crash: statistical and case evidence on the effect of the private securities litigation reform act.
March 22, 2003... This paper provides evidence that the Private Securities Litigation Act had no immediate effect on the filing of shareholder class actions, but that, paradoxically, the number of class actions filed as a nearly automatic response to large share price declines increased starting in 2000. Two...

An analysis of the relevance and bias of analyst recommendations: the case of bankrupt companies.
March 22, 2003... The quality of analyst recommendations and the conflicts of interest associated with those recommendations have received significant attention recently in the media. Yet, there has been relatively little analysis in the financial literature addressing these issues. This article assesses the...

Securitization post-Enron (1).
March 22, 2003... In the post-Enron economic and regulatory environment, various threats have been made to the future of securitization transactions. Unfortunately, recent policy discussions of securitization have been tainted by the questionable transactions that eventually led to Enron's downfall. Although...

Have you securitized your receivables lately?(Editorial)
March 22, 2002... I. Ford Motor Credit and Securitization Ford Motor Credit is the captive finance company of Ford Motor Inc. Its primary business is to supply Ford Motor affiliated dealers with capital which they in turn use to finance inventories of unsold vehicles and make loans and extend leases to...