NDLI: The Financial Products, Accounting Information Disclosure and Financial Regulatory

Content Provider	IEEE Xplore Digital Library
Author	Wang Jing
Copyright Year	2010
Abstract	In 2008, the world has experienced a financial crisis, which emanated from the core of the world's most advanced capital market, and holds back the global real economy in a short time. Financial product especially product innovations, the key thing for "Masters of the Universe", play an important role in crisis communication, and had caused wide public concern. July 2009，The Obama administration sent Congress its latest plan to spruce up the much maligned credit rating business in order to "increase transparency, tighten oversight and reduce reliance on credit rating agencies." One thing the administration plan wouldn't do is restrict the practice of bond issuers paying for ratings -- a conflict of interest that some observers put at the center of the credit crisis. In This paper, I focus on the analysis of financial products transactions using the principal - agent model (Holmstrom & Milgrom, 1987). Financial transaction or investment poses a classic problem of asymmetric information with latent conflict of interest issues. Based on more information such as capital markets' earnings and stock price information, principal - agent contract could achieve optimal incentives for managers, and overcome harming the principals' benefits that caused by information asymmetry. Accounting information is cost-effective public information with widely concerned. We have noted the change of financial accounting in the financial crisis. But we must take a hard look at the change, accounting information should be helpful for investors not for elite group's aim or purpose to improve their investment performance. July 2009，The Obama administration sent Congress its latest plan to spruce up the much maligned credit rating business in order to "increase transparency, tighten oversight and reduce reliance on credit rating agencies." One thing the administration plan wouldn't do is restrict the practice of bond issuers paying for ratings -- a conflict of interest that some observers put at the center of the credit crisis-This electronic document is a "live" template. The various components of your paper [title, text, heads, etc.] are already defined on the style sheet, as illustrated by the portions given in this document.
Starting Page	1
Ending Page	4
File Size	252372
Page Count	4
File Format	PDF
ISBN	9781424453252
DOI	10.1109/ICMSS.2010.5577421
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2010-08-24
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Integrated circuits Loans and mortgages Biological system modeling Investments Companies Contracts Equations
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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