Search results for " Business"
showing 10 items of 5387 documents
Layering of IFRS and Dual Institutionality of Accounting Standards in Belarus
2017
Submitted version of an article published in the journal Accounting in Europe. There is an ongoing debate about the applicability and efficacy of International Financial Reporting Standards (IFRS) adoption in countries with diverse institutional infrastructures. We examine financial reporting in Belarus and factors that are shaping its development. In Belarus, IFRS has been adopted through layering where it is an additional requirement to the existing reporting specified by the national accounting regulations. We explore how global standards were transposed and function in a highly specific institutional context. Based on an examination of reporting in the banking sector, we conclude that d…
Struggle over joint audit: on behalf of public interest?
2012
International audience; European Commission (EC 2011) has recently suggested joint audit - broadly defined as an audit where two independent auditors are jointly liable for the audit report - as a way a way to increase audit quality after the financial crisis and to mitigate audit market concentration, by enlarging the audit offer. Big 4 audit firms have fought this proposal by arguing its unbearable cost while 2nd Tier audit firms have supported it by arguing its added quality. This conflicting position leads us to question their claim of public interest concern. As group-interest economic regulation theories predict that the absence of any effect of a new regulation (here: joint audit) is…
Banks’ business strategies on the edge of distress
2019
AbstractThe paper investigates the importance of banks’ business classification in shaping the risk profile of financial institutions on a global scale. We employ a rare-event logit model based on a state-of-the-art list of major global distress events from the global financial crisis. When clustering banks by their business strategies using a community detection approach, we show that (i) capital enhanced resilience only for traditional banks that were on average less capitalized than other banks; (ii) boosting ROE, usually associated with riskier exposures, improved resilience for stable funded and asset diversified banks; (iii) conversely, higher levels of ROA exacerbated banks’ vulnerab…
Informal, formal institutions and credit: complements or substitutes?
2019
AbstractThis paper analyses the relationship between informal institutions measured by social trust and the provision of private credit. Research on the trust–finance relationship abounds, although most of it is confined to the micro-level, with far fewer contributions from a wide, cross-country perspective. Considering a sample of 119 economies in the period 1993–2015, results suggest that social trust is an important determinant of private credit, and that its effects are transmitted indirectly via some particular aspects of the quality of economic-judicial institutions. In addition, and contrary to previous findings in related areas, substitutive effects for informal and formal instituti…
Automatic Identification System data - potential resource for marine vessels drift studies in the Baltic Sea
2020
Automatic Identification System (AIS) has been employed for increasing the safety at the sea. Nowadays general information about the marine traffic can be tracked in operational mode using www.marinetraffic.com web portal. Additional information can be purchased for commercial and research purposes. Our study highlights a possibility to study the drift using an additional information available at www.marinetraffic.com - selected data on vessel position during its status “not under command”, which corresponds to the drifting vessels. Trajectories of the drift from AIS have been compared with mathematically modeled point-wise drifter paths. Copernicus Marine Environmental Monitoring Service's…
A comparative analysis between helicopter and seaplane for passenger transport.
2016
Purpose This study aims to develop a methodology to compare the feasibility of helicopter and seaplane regular transport of passengers towards destinations across a remote regional tourist context, where a lack of road and rail infrastructure make these alternative forms of air transport competitive. Design/methodology/approach The authors use a modal split model identifying the quota of passengers that potentially could utilize these two types of services, determined on the basis of previous studies on air transport demand. A technical analysis regarding transport supply is performed to identify the predominant features that should characterize helicopter/seaplane performances. An optimiza…
Autonomous vehicle with communicative driving for pedestrian crossing: Trajectory optimization
2020
Connected and autonomous vehicles (CAV) is a key technology for this century. One of the main challenges is to define a smart interaction behavior of CAV with the other road users. The challenge is mainly raised at conflicting points where path of CAV intersects with the other users. Recent studies show interaction with humans is a big challenge. It not only requires a collision avoidance system but also more communicative behaviors of the CAV. More precisely, pedestrian needs to understand the intention of the incoming CAV whether it will cross first or not according to its speed profile. One way to overcome this issue is to design optimal trajectory control of the CAV that matches with th…
Impact of decision horizon on post-prognostics maintenance and missions scheduling: a railways case study
2021
International audience; In this paper, we propose a study of the decision horizon duration for rolling stock mission assignment and maintenance planning in a prognostics and health management (PHM) context. The aim is to determine the best decision horizon duration that allows the con- struction of a suitable schedule that assigns railway vehicles to missions and integrates required maintenance operations accord- ing to the current and future health of the vehicles. A genetic algorithm is used to minimize the overall cost of the joint schedule as a function of the decision horizon. The results are compared to three proposed heuristics to study the influence of the resolution method on the d…
Drone arc routing problems
2018
[EN] In this article, we present some drone arc routing problems (Drone ARPs) and study their relation with well-known postman ARPs. Applications for Drone ARPs include traffic monitoring by flying over roadways, infrastructure inspection such as by flying along power transmission lines, pipelines or fences, and surveillance along linear features such as coastlines or territorial borders. Unlike the postmen in traditional ARPs, drones can travel directly between any two points in the plane without following the edges of the network. As a consequence, a drone route may service only part of an edge, with multiple routes being used to cover the entire edge. Thus the Drone ARPs are continuous o…
Variable Fixing for Two-Arc Sequences in Branch-Price-and-Cut Algorithms on Path-Based Models
2020
Variable fixing by reduced costs is a popular technique for accelerating the solution process of mixed-integer linear programs. For vehicle-routing problems solved by branch-price-and-cut algorithms, it is possible to fix to zero the variables associated with all routes containing at least one arc from a subset of arcs determined according to the dual solution of a linear relaxation. This is equivalent to removing these arcs from the network used to generate the routes. In this paper, we extend this technique to routes containing sequences of two arcs. Such sequences or their arcs cannot be removed directly from the network because routes traversing only one arc of a sequence might still b…