Search results for "ACCOUNTING"

Path Dependence of Power Relations, Path-Breaking Change and Technological Adaptation

2011

We study the path dependence of technological systems and power relations inside companies. While the existing literature suggests power relations and technology to be path dependent and influenced by each other, interactions across these evolutionary processes remain poorly understood. We studied the history of four retail firms over 40 years, applying event structure analysis to explicate key dynamics. Companies exhibited two episodes of converging path dependency, where power relations further increased technological inertia. In each case, power initially concentrated outside the central headquarters. Path-breaking change led all firms to centralize power and implement networked IT syste…

RISK AVERSION IN THE BOARD ROOM. AN ANALYTICAL APPROACH ON CORPORATE GOVERNANCE OF GERMAN STOCK-LISTED COMPANIES

2016

According to the agency theory, a positive relationship between company performance and good corporate governance should exist. A broader study of the author of this paper examines a sample of German stock-listed companies whereas Germany can be seen as one of the most highly regulated countries concerning corporate governance. The overall purpose of the author’s study is to analyze the effect of supervisory board characteristics and procedures on firm performance. Several corporate governance variables such as number of committees, board independency, supervisory board compensation, personal risk liability, etc. are examined regarding their effects on firm performance in terms of firm grow…

Financial crisis impact on sustainability reporting

2013

Purpose – The purpose of this paper is to shed some light on the effect of the current financial crisis on corporate social responsibility (CSR) reporting and CSR assurance strategies that companies disclose online to stakeholders, by dividing the time horizon into two periods, before 2008 and from 2008. Design/methodology/approach – The sample includes Spanish listed companies, differentiating CSR reporters from non CSR-reporters. Also distinguished in the CSR-reporters sample, are those companies that assure the CSR report from those that do not. The authors contrast whether there is a trend as regards CSR reporting and CSR assurance, depending on whether the crisis has already begun or …

Spain and the Transition to IFRS

2008

Exporting Corporate Governance: Do Foreign and Local Proxy Advisors Differ?

2018

Prior research documents that the large US-based proxy advisors, Institutional Shareholder Services (ISS) and Glass Lewis (GL), play an important role as information intermediaries in corporate governance worldwide. We provide initial evidence on the role of local proxy advisors, using the German setting. We analyse voting recommendations by local (IVOX) and foreign (ISS, GL) proxy advisors. First, we find that IVOX’s voting recommendations differ substantially from those of ISS and GL. Second, we observe that IVOX’s against-recommendations are significantly negatively associated with voting support. Third, we find that this association is particularly negative for voting outcomes at compan…

Gender Discrimination and the Monitoring Role of Female Directors Over Accounting Quality

2016

Recent research in accounting suggests female directors exert more stringent monitoring over the financial reporting process than their male counterparts. However, an emerging literature in finance and economics questions whether females in leadership roles significantly differ from their male counterparts. Building on this literature, we re-examine the link between the presence of female directors, gender biases, and financial statements quality. Using a large sample of UK firms we find that a larger percentage of women among independent directors is significantly associated with lower earnings management practices. However, we show that this relation disappears if we focus on firms that d…

[Loyauté des transactions sur un marché relatif aux attributs de croyance : une analyse appliquée aux produits agro-alimentaires]

2001

International audience; Après avoir décliné la typologie des caractéristiques des produits en termes d'attributs de recherche, d'expérience et de croyance, les auteurs soulignent les mécanismes susceptibles d'assurer l'efficacité des transactions marchandes. Afin de cerner les enjeux liés à la loyauté des transactions dans le cas des attributs de croyance, ils montrent à l'aide d'un jeu simple, le caractère crucial des phases de définition, de vérification et de signalement, ces dernières nécessitant généralement l'intervention d'agents extérieurs à la transaction marchande.

Double counting individuals in meta-analysis artificially inflates precision. Comment on "Device-measured light-intensity physical activity and morta…

2019

Do Firms Share the Same Functional Form of Their Growth Rate Distribution? A New Statistical Test

2011

We propose a hypothesis testing procedure to investigate whether the same growth rate distribution is shared by all the firms in a balanced panel or, more generally, whether they share the same functional form for this distribution, without necessarily sharing the same parameters. We apply the test to panels of US and European Union publicly quoted manufacturing firms, both at the sectoral and at the subsectoral NAICS levels. We consider the following null hypotheses about the growth rate distribution of the individual firms: i) an unknown shape common to all firms, with all the firms sharing also the same parameters, or with the firm variance related to its firm size through a scaling rela…

A Comparison Between Japanese and French Cost Management – Contingency and Institutional Perspectives

2018

From an historical perspective, management accounting is a very recent phenomenon (see Johnson & Kaplan, 1987) and is culturally grounded in a few old-industrialized countries, in Europe: Germany, United-Kingdom, France, but also in Japan and in the United-States. Notwithstanding the cultural dominance of English-speaking countries on management, non-English speaking countries keep strong institutional and cultural roots that still influence their ways of managing companies. This is the case when looking at management accounting and more especially at cost accounting and cost management practices (now cost accounting/management). This paper, based on contingency and institutional frameworks…