FRONT COVER -- RESEARCH IN FINANCE -- COPYRIGHT PAGE -- CONTENTS -- LIST OF CONTRIBUTORS -- INTRODUCTION -- EUROZONE BANKING UNION ''ANTE PORTAS' -- FINANCIAL MARKETS - TODAY'S LEVIATHAN -- FROM THE FINANCIAL CRISIS TO THE SOVEREIGN DEBT CRISIS -- MASSIVE NEED FOR RECAPITALIZATION -- WE NEED TRANSPARENT LENDING FIGURES AND A BETTER UNDERSTANDING OF MACROECONOMIC RISKS -- THE ROAD TO IMPROVED EUROPEAN BANKING REGULATION -- THE HISTORIC DECISION OF THE EUROPEAN FINANCE MINISTERS, DECEMBER 13, 2012 -- CENTRAL BANKING SUPERVISION UNDER THE UMBRELLA OF THE ECB -- ECB BANKING SUPERVISION ONLY FOR BANKS WITH TOTAL ASSETS OF AT LEAST 30 BILLION EUROS -- ACCOUNTABILITY OF THE NEW ECB BANKING SUPERVISION AUTHORITY -- WHAT REMAINS FOR THE NATIONAL SUPERVISORY AUTHORITIES? -- HOW SHOULD THE RESPECTIVE COMPETENCES OF THE ECB AND THE EBA BE DEFINED? -- WHAT ARE THE OBJECTIVES FOR THE EUROZONE BANKING UNION? -- THE ''GREEDY'' BANKER AND THE RESPONSIBILITY OF THE REGULATORS -- THE ELEMENTS OF AN EFFECTIVE EUROZONE BANKING UNION -- WHERE ARE WE NOW IN TERMS OF BANKING UNION AND WHAT REMAINS TO BE DONE? -- BANKING UNION: WHICH PROBLEMS WILL PERSIST IN THE COMING YEARS? -- BANKING UNION: AN ESSENTIAL PILLAR FOR A COMMON EUROPEAN FINANCIAL MARKET! -- NOTE -- REFERENCES -- EARNINGS MANAGEMENT AND AUDIT QUALIFICATIONS: A NON-MATCHED SAMPLE APPROACH -- INTRODUCTION -- MEASURING EM -- EM AND AUDIT QUALIFICATIONS -- THE USE OF MATCHED SAMPLES IN EMPIRICAL RESEARCH IN ACCOUNTING -- METHODOLOGY AND DATASET -- RESULTS -- ADDITIONAL ANALYSIS -- CONCLUSIONS -- NOTES -- REFERENCES -- THE REAL ASSET ANOMALY: A CRITICAL LONG VIEW OF CAPITAL MARKETS AND INSTITUTIONS FROM REALIZED RETURNS OF CORPORATE ASSETS IN OVER 50 YEARS -- METHODOLOGY -- RESULTS AND ANALYSIS -- IN-DEPTH ANALYSIS -- SUMMARY AND CONCLUSIONS -- NOTES -- REFERENCES -- APPENDIX.

ON THE ESTIMATION OF RISK PREMIUM IN THE GOLD FUTURES MARKET: USING THE GOLDMAN SACHS COMMODITY INDEX (GSCI) APPROACH -- INTRODUCTION -- LITERATURE REVIEW -- DATA AND METHODOLOGY -- RESULTS -- CONCLUSION -- NOTE -- REFERENCES -- THE PRIVATIZATION WAVE: REACTION TO REGULATION OR MOVE TO GREATER EFFICIENCY? -- INTRODUCTION -- THE SARBANES-OXLEY ACT ACCELERATES PRIVATIZATION -- EXECUTIVE STOCK OPTIONS IN THE SARBANES-OXLEY ERA -- PENSION CONTROVERSIES -- INVESTORS PRIZE ACCOUNTABILITY -- DIRECT INVESTMENT AND ''DOWNSIZING'' OFFER SOLUTIONS -- CONCLUSION -- APPENDIX: OVERVIEW OF THE LEGAL CONFLICTS INHERENT IN THE CORPORATE FORM -- NOTES -- REFERENCES -- NEGATIVE PRICING IN U.S. ELECTRIC POWER PRODUCTION AND DISTRIBUTION -- INTRODUCTION -- REGIONAL TRANSMISSION AUTHORITIES AND ELECTRICITY MARKETS -- UNIQUE CHARACTERISTICS OF ELECTRICITY PRICES -- CONCLUDING REMARKS -- NOTE -- REFERENCES -- HEAD AND SHOULDERS ABOVE THE REST? THE PERFORMANCE OF INSTITUTIONAL PORTFOLIO MANAGERS WHO USE TECHNICAL ANALYSIS -- LITERATURE REVIEW -- HYPOTHESIS -- RESULTS -- CONCLUSIONS -- REFERENCES.