Search results for "ACCOUNTING"
showing 10 items of 1961 documents
Managing in Writing: Recommendations from Textual Patterns in Managers’ Email Communication
2022
This study draws from personality psychology and linguistics of written communication to explore the characteristics of self-selected well-written email communications (N=273) solicited from Polish managers who organized and supervised the (remote) work of their units during the COVID-19 period. The focus is on the writing of managers with above-average levels of conscientiousness and agreeableness, as these personality factors are predictors of efficacy in the completion of two work-related goals, Achievement and Communion, according to the Theory of Purposeful Work Behavior. The linguistic patterns responsible for effective email communication are identified through both automated and qu…
Big Data in Corporate Governance decision
2020
[EN] Progress in Big Data in recent years has grown exponentially, which has allowed the detection and processing of a large amount of data. Until recently, this fact was unattainable by the lack of mechanization of the corporate governance reports. This paper investigates the relationship between corporate governance decisions affect the indebtedness policies of 1,956 industrial companies listed in Europe and the USA over the period 2016–2018 (5,868 observations). To measure corporate governance decisions, we use detailed information on the expertise of audit committees, the proportion of independent directors, board structures and women's presence on corporate boards. Our findings, which …
Parameter Sensitivity and the Quality of Model Predictions
1994
Using SIM-PEL, a comprehensive model for the pelagic compartment of lake ecosystems, we analyse synergistic toxicant effects in lake ecosystems. We show, that — even for a rather simple model — model predictions may be strongly dependent on the time horizon of the prediction and on the quality of input parameters. For longer time spans, small errors in parameter estimation may lead to qualitatively wrong prediction of toxicant effects. Monte Carlo simulations allow to take errors in parameter estimation into account, but they need rather good estimates of parameter variance.
The relationship between non-audit fees and audit quality: dealing with the endogeneity issue
2015
Purpose – The purpose of this paper is to explore whether the provision of non-audit services (NAS) by public accounting firms undermines audit quality. The study addresses this question by testing for an association between the provision of consulting services and auditor independence in listed companies. Design/methodology/approach – The authors study if the magnitude of non-audit fees explains variations in earnings management by looking at the joint determination of non-audit fees, audit fees, and abnormal accruals using the SURE-regression estimation method. Findings – Evidence from tested models suggests that audit services quality is uncompromised by the provision of NAS. In other w…
Revisiting the regulation of auditor independence: Spanish evidence on different perceptions
2012
Following the dramatic financial scandals at the turn of the millennium, the financial system reporting framework has changed considerably to restore confidence among investors. In 2002, Spain was one of the pioneer EU member countries to regulate audit quality and protect auditor independence. In the specific setting of Spain, the objective of this research is to obtain evidence that can contribute to the debate on whether there is a need for regulation in this field. In this sense, we find evidence on the existence of an expectations gap between two groups of agents affected by the important changes that the 2002 rules on independence and audit quality imposed on auditors, i.e., the audit…
Why Do U.S.-Listed Chinese Firms Go Private?
2012
The period 2010-2012 saw a dramatic increase in the number of Chinese firms listed in the United States announcing deals to delist and go private. We argue that accounting scandals and legal uncertainties involving Chinese firms in recent years may have caused outside investors to struggle to distinguish between legitimate and fraudulent firms. As a result some legitimate Chinese companies may have become undervalued, which arguably has given them a heightened incentive to go private. We examine all the companies that announced going-private deals during this period and find evidence that firms that go private tend to do so after a prolonged period of negative excess stock returns relative …
Reviewing a Friend - The Role of Social Ties in Review Work in Auditing
2016
Hierarchically structured review work is a pervasive element in many professional work settings, including auditing. However, little is known about social factors underlying the pairing of reviewers and reviewees and their impact on quality. The German auditing setting provides a unique opportunity to empirically observe review work at the highest hierarchical level. We investigate the role of social ties in the pairing of concurring auditor (reviewer) and lead auditor (reviewee). We find that the presence of social ties between the concurring auditor and the lead auditor resulting from local affinity, i.e., having the same dialect and working in the same office, makes it more likely for th…
Innovation through implementation of a quality improvement method : A finnish public-sector case
2019
Purpose The purpose of this paper is to analyse the effectiveness of a quality improvement method in driving innovation in the public sector. The study expands on the concept of innovation and analyses the types and usefulness of the innovations observed. Design/methodology/approach The study utilizes an action research approach. The aim of the quality improvement method introduced is to generate innovations enhancing efficiency. An interventionist research method is required to produce the findings. Data collection methods include a preliminary question sheet, interview, workshops, observation and the examination of other material concerning the case organization. Findings The study suppo…
Fuzzy Mathematical Programming for Portfolio Management
2000
The classical portfolio selection problem was formulated by Markowitz in the 1950s as a quadratic programming problem in which the risk variance is minimized. Since then, many other models have been considered and their associated mathematical programming formulations can be viewed as dynamic, stochastic or static decision problems. In our opinion, the model formulation depends essentially on two factors: the data nature and the treatment given to the risk and return goals. In this communication, we consider several approaches to deal with the data uncertainty for different classical formulations of the portfolio problem. We make use of duality theory and fuzzy programming techniques to ana…
Tuition fees and student effort at university
2018
Abstract This paper presents theoretical and empirical evidence that an increase in tuition fees may boost university students’ academic effort. We examine the tuition fee rise introduced in 2012 by Spanish universities, where students register and pay for their chosen modules and fees increase each time students retake a module until they pass it. Data refer to students of economics, business and medicine at the University of Valencia during 2010–2014. The fact that some students pay fees in full while others are exempt from payment provides an identifying source of variation that we exploit using a flexible difference-in-differences methodology.