Search results for "ACCOUNTING"
showing 10 items of 1961 documents
Joint Audit: Issues and Challenges for Researchers and Policy-Makers
2013
International audience; The publication of the European Commission Green Paper, ‘Audit Policy: Lessons from the Crisis’ in October 2010, has stirred up a lively debate on the role of joint audits. This literature review identifies and evaluates, for the benefit of future research and regulators, existing evidence about joint audits. We find limited empirical support to suggest that joint audits lead to increased audit quality, but some empirical support to suggest that joint audits lead to additional costs. Overall, this paper indicates that joint audit should be seen as a mechanism that is embedded in a broader institutional context and not be considered in isolation from other factors tha…
Disciplinary Sanctions and Audit Quality: Empirical Evidence from an External Oversight System
2010
This paper provides empirical evidence on the impact of disciplinary sanctions on audit quality, based on the external oversight system set up in Spain in the early nineties. Specifically, we examine the effects of the sanctions imposed by the Institute of Accounting and Auditing (ICAC), a government regulatory agency independent from the auditing industry. To proxy for audit quality, two client-specific earnings quality indicators are considered; i.e. the likelihood of loss reporting and abnormal accruals. According to our results, the Spanish external oversight system does not penalise isolated but structural audit malpractice, since sanctioned auditors exhibit lower average audit quality…
Altruism in business – an empirical study of philanthropy in the small business context
2012
PurposeThe purpose of this study is to examine corporate philanthropy from the perspective of small business owner‐managers to find out whether there is room for altruism in business life.Design/methodology/approachThis study is based on 25 thematic interviews with small business owner‐managers. The data analysis is based on a method of qualitative content analysis.FindingsBased on the analysis, it is shown that reactivity, an emphasis on personal interests, the willingness to utilize philanthropy as part of marketing and lack of planning are typical of philanthropy in the small business context. Small businesses often emphasize strategic business reasons as the main motive for their philan…
Accounting Meets Economics: Towards an 'Accounting View' of Money
2018
This study lays the foundations of the 'Accounting View' of money. Using international accounting principles, the study argues that state and central bank monies are not debt, and that in fractional reserve regimes only a share of commercial bank money can be regarded as debt. The study determines how the seigniorage associated with the issuance of these monies should be accounted for in the financial statements of the issuing institutions, and examines what this implies for the correct understanding of money. The new view throws light into such issues as the true nature of central bank capital, commercial banks, and digital currencies. Drawing on it, new measurements of seigniorage are der…
Evaluating the motivating environment in Finland compared to the United States—a survey
1991
A comparison was made of perceptions of IS personnel—especially of analysts, programmers and managers—on factors relating to motivation and goal setting in Finland and the United States. The JDS/DP, a modification of the job diagnostic survey instrument, was used to collect data in these locations. The survey covered a statistically unbiased and representative sample in both countries. The results indicated significant similarities between the two populations. Not only were individual characteristics of growth-need and social-need similar, but their perception of job-related variables were also quite similar. The only differences found were in the job satisfaction of technical experts and i…
Situational and dispositional goals as predictors of perceptions of individual and team improvement, satisfaction and coach ratings among elite femal…
2002
Abstract Objectives. To examine the relationship of the perceived motivational climate created by the coach and dispositional goal orientations of elite female handball players' (a) perceived individual and team improvement in different facets of the game; (b) satisfaction with their own and the team's game; and (c) ratings of the coach. A second aim was to study whether the dependent variables were best predicted by the perceived motivational climate created by the coach and/or the players' dispositional goal orientations. Design. Cross-sectional. Methods: Elite female handball players (n=181) from 14 teams participating in a national handball competition in Spain completed the Spanish mea…
Corporate Governance Mechanisms for Monitoring or Empowering CEOS? A Study of Chinese Listed Firms
2008
This study examines the impact of governance mechanisms in monitoring or empowering top executives on firm performance. We distinguish between two competing theories, namely agency theory and stewardship theory, which hold conflicting assumptions about CEOs behaviour and hence offer different recommendations concerning corporate governance structure. We conduct an empirical study based on 837 publicly listed companies in China over the period of 2005-2007, the findings of this study provide strong support for stewardship theory. The results suggest that governance mechanisms that can empower CEOs work better in the Chinese context, specifically, a longer CEO tenure and lower board independe…
The Multi-Fibre Arrangement—A hydra of protectionism?
1981
Talks are at present in progress in Geneva among 51 industrialised and developing countries on a renewal of the Multi-Fibre Arrangement (MFA) which expires at the end of 1981. The preliminaries of the negotiations have already revealed the existence of massive conflicts of interest not only between the industrialised countries on the one hand and the developing countries on the other but also within the two groups. The talks are moreover overshadowed by threats from individual industrialised countries to resort to unilateral protectionist measures unless a result satisfactory to them is achieved. This situation is the more explosive as the outcome of the negotiations is regarded worldwide a…
Free trade and protection of the environment: Is the GATT in need of reform?
1992
The GATT negotiations under the Uruguay Round have almost run their course. However, consultations are certain to continue, as critics regard the GATT rules on environmental protection as inadequate. What aspects need to be reformed, and how might the initial reform measures look?
Cost consciousness: conceptual development from a management accounting perspective
2015
Purpose – This paper aims to take note of the need to better understand cost consciousness from a management accounting perspective and serves as an exploratory study striving to analyze how the notion has been addressed by management accounting scholars. Design/methodology/approach – This paper presents the findings of a thorough literature review identifying the drivers, interpretations, definitions and results which management accounting scholars have associated with cost consciousness. Findings – This paper has synthesized the definitions and interpretations by considering their conceptual broadness and the subjects that cost consciousness characterizes. In addition, various potential …