Search results for " share"
showing 10 items of 161 documents
Industry specialization and audit fees: a meta-analytic approach
2015
Purpose The purpose of this paper is to provide a comprehensive review of the literature that links auditor’s industry specialization (AIS) and audit fees (AFs) in order to clarify the puzzle of published results and provide overall conclusions that would help in future research. Design/methodology/approach To achieve this goal, the authors applied meta-analysis techniques in order to summarize, quantify and evaluate the published data related to the association between AIS and AF. Findings The meta-results are more robust when the proxy for AIS is the audit firm’s market share above 20 percent or the audit firm is jointly the national and city leader. For US-based studies, results are hom…
The value relevance of losses revisited: the importance of earnings aggregation
2011
Accepted version of an article published in the journal: Global Business and Economics Review. Also available from the publisher at: http://dx.doi.org/10.1504/GBER.2011.040728 Prior research has suggested that earnings explain a larger portion of the variation in stock returns when disaggregated into components. This study shows that the increase in explanatory power stems primarily from disaggregation of negative earnings. When accounting earnings are sufficiently disaggregated into items, there is no longer a statistical difference in the value relevance of positive and negative earnings. Thus, negative earnings are also useful to stock investors. The findings are attributed to earnings p…
A review of DEA models when the internal structure of the decision making units is considered
2005
Classical Data Envelopment Analysis (DEA) models consider each Decision Making Unit (DMU), whose relative efficiency they evaluate, as a "black box", i.e., its internal structure is disregarded. The paper presents a comprehensive framework of the most advanced theoretical findings in DEA when the internal structure of the. DMUs is taken into account, thus giving directions for novel applications of such methodology and introducing it as a powerful toot for complex processes performance evaluation.
Market entry decisions of US small and medium‐sized software firms
2008
PurposeThe purpose of this paper is to investigate market entry decisions of the US software SMEs by analyzing the impact of the most obvious factors (cultural distance, geographical distance, country risk, and three market size variables) in traditional internationalization theories to target country selection. By investigating the influence of these commonly cited macro‐level factors, this study proposes the best indicator for market entry decisions of the US small and medium‐sized software firms.Design/methodology/approachThis study uses a quantitative research approach applied to a sample of 100 US small and medium‐sized software firms.FindingsEmpirical findings in this study indicate t…
School Bike Sharing Program: will it Succeed?
2020
Abstract Encouraging active and sustainable transport modes in order to limit the excessive use of cars, as well as reducing pollutant emissions and creating livable urban environments, has become one of the priorities for policymakers in recent years. The introduction of innovative systems increasingly being introduced in modern cities, such as bike sharing, can certainly contribute to the spread of cycling and thus allow a radical change in the mobility habits of their citizens. This can be especially true for high-school students who are often otherwise accompanied by their parents with private cars. This article aims to assess the influence that a bike sharing program for students has o…
The Common Grounds of Adherence? A Qualitative Analysis of Young Partisans’ Collective Identity
2019
While party identification is one of the mostly used concepts for the explanation of vote choice, the components of party identification and the collective identity of party adherents were never explored systematically. After conceptualizing party identification within the social identity approach, we propose a research framework for the analysis of the collective identity of party adherents. Finally, in a first explorative attempt, we use this framework to analyze, as an example, the collective identity of adherents of the German parties SPD and the Greens. Although the two parties are part of the same ideological camp, we found that they both emphasize the importance of shared values, iss…
Empirical evidence of the effect of European accounting differences on the stock market valuation of earnings and book value
2002
Recently, a new dimension has been added to research in accounting harmonization by studying the effects of accounting practices and regulations on share price and return movements. Although there is an agreement of mutual recognition in the European stock markets of financial statements adapted to the directives, the differences between the European countries are still great. The objective of this study is to investigate the value relevance of alternative accounting measures (earnings and book value) constructed under different accounting systems in Europe. We investigate the differences in accounting practices through the relationship between earnings and book value, and the stock market …
The beer market and advertising expenditure
2009
PurposeThe purpose of this paper is to examine the impacts of advertising expenditure on brands' market shares, utilizing a novel four‐week advertising‐sales data from the highly competitive oligopolistic Finnish beer market in which price competition among the homogeneous larger‐type beer brands is not allowed during the period of the study.Design/methodology/approachCompetition is modelled using the Lanchester model. The impacts of advertising on market shares are estimated using the impulse‐response functions from vector autoregression, and the full information maximum likelihood and advertising elasticities.FindingsSome new insights into beer market dynamics are obtained. First, the imp…
La ignorada acción directa del arrendatario-usuario en el contrato de leasing
2020
En los contratos de leasing cuando el usuario resuelve la compraventa del bien arrendado por inhabilidad absoluta “aliud pro alio” se producen daños patrimoniales personales del actor. Estos daños no tienen cabida en la cesión de acciones que efectúa la sociedad de leasing. La acción directa es el único mecanismo jurídico que permite reclamar esos daños. In leasing contracts when the user resolves the sale of the leased property by absolute inability “aliud pro alio”, damages usually take place in its patrimony
The Competiveness of the Spanish Regions
2009
Competitiveness is a widely popular concept, which has saved in practise, to denote efficient economic behaviour. The wide dissemination of the competitiveness ranking of countries published annually by the World Economic Forum of Davos (Switzerland), or the fact that the European Union defines some of the global problems, which affect the countries of the EU in terms of the competitiveness gap, have footered the use of this expression in the media. The use of the term to denominate some of the objectives of the European Regional policy has also contributed to extending the use of the expression, as well as the work of prestigious consultants, such as Michael Porter, in influential works, s…