Search results for "ACCOUNTING"
showing 10 items of 1961 documents
Audit fees and earnings management: differences based on the type of audit
2020
In spite of the extensive research about the impact of audit fees on audit quality, there is no research examining if the association between voluntary audits and audit pricing affects audit quality. Therefore, the aim of this paper is to empirically examine whether the effect of audit fees on audit quality, measured by the level of earnings management, is affected by the type of audit (voluntary vs mandatory), as well as whether the effect of audit fees on audit quality is different depending on the type of audit. Using a sample of Spanish SMEs composed of both voluntarily and mandatorily audited companies, we find that voluntary audits have higher quality when audit fees are lower, but th…
Audit fees and cost of debt: differences in the credibility of voluntary and mandatory audits
2019
Despite the extensive research on audit fees, few studies have examined the effect of audit fees on the cost of debt. Based on the credence goods theory, we examine whether the effect of audits on the cost of debt is affected by the type of audit (voluntary or mandatory) and the audit fees, as well as whether there is a combined effect of voluntary audits and audit fees, so that the effect of voluntary audits on the cost of debt is affected by audit fees. Using a sample of Spanish SMEs, we find an asymmetric effect of audit fees on the cost of debt: higher audit fees are associated with a lower cost of debt for voluntarily audited companies, while the association is not significant for mand…
Mediating International Conflicts: The European Union as an Effective Peacemaker?
2015
This article examines how the EU's effectiveness as a mediator in peace negotiations can be appropriately conceptualized and analysed. Mediator effectiveness is analysed along two dimensions: goal-attainment and conflict settlement. Investigation of the conditions of mediator effectiveness is structured around four key sets of variables: mediator leverage, mediation strategy, coherence and the conflict's context. In our empirical analysis of EU mediation between Serbia and Kosovo (Belgrade–Pristina dialogue) we find that the medium degree of EU effectiveness (both in terms of goal-attainment and conflict settlement) can be explained by its great leverage vis-a-vis the conflict parties due t…
Beyond the audit expectations gap
1992
In seeking to encourage a broader, European dimension to research on auditing and audit expectations, this paper examines the recent history of auditing and its regulation in Spain within the context of international developments in the accounting profession. The more expansive role being assigned to the audit function in Spain following the implementation of the Fourth and Eighth European Company Law Directives is generally viewed by Spanish writers as a progressive step, with largely positive effects. Such views stand in some contrast to the history of auditing in Britain, where the prevalence of an ‘audit expectations gap’ suggests a rather more problematic state of affairs. In exploring…
Negotiating the European External Action Service (EEAS): Analyzing the External Effects of Internal (Dis)Agreement*
2012
Analyses of the rising capacity for co-ordination within the Secretariats-General of the European Commission and Council have concentrated on their effects within these respective institutions. This article, in contrast, argues that the presence/absence of co-ordination capacities developed within an institution may have an important bearing also on the relations between institutions (for example, in inter-institutional negotiations). The empirical analysis traces the negotiation process leading up to the creation of the European External Action Service (EEAS), and finds substantial support for the theoretical argument.
European Integration and the Disembedding of Labour Market Regulation: Transnational Labour Relations at theEuropeanCentralBank Construction Site
2013
European integration through mutual recognition has facilitated the growth of a pan-European labour supply system in which transnational subcontractors ‘post’ workers from low-wage areas to higher wage areas. This allows employers to create spaces of exception in which the national industrial relations system of the country where work occurs does not fully apply. Drawing on interviews with managers, workers, unionists and works councillors at the European Central Bank construction site in Frankfurt, Germany, this article shows how transnational subcontracting allows employers to access, and create competition between, sovereign regulatory regimes. It concludes that high-cost, high-collectiv…
Some issues concerning sector concentration. evidence from Romania / Valdymo sistema didžiosiose madeiros salos imonėse: rezultatų apskaitos sistemos…
2011
This paper examines the dynamics of sector concentration in Romania starting from two basic questions: how concentrated the economic activities are and what factors determine the economic concentration. The lack of availability of concentration ratio series for Romanian economy has limited the research in this field. The paper reports the concentration ratios dynamics in Romania during the period 1996–2004, looking at the differences between industries and offers some possible explanations. We use the simple concentration ratio (CR) for the largest 5 and 20 companies to measure concentration in 25 industries according to the sales figure and the number of employees. Our study has been limit…
Caractéristiques et fonctionnement des conseils d'administration français. Un état des lieux.
2004
International audience; Dans ce travail, nous décrivons les principales caractéristiques (taille des conseils, cumul des fonctions et indépendance des membres) de 97 conseils d'administration français en 2002 et leur fonctionnement (nombre de réunions et assiduité), ainsi que ceux des principaux comités spécialisés (comité d'audit, comité de rémunération, comité de nomination et comité stratégique). Nos résultats permettent de mettre en évidence une évolution très significative des conseils en France au cours des 20 dernières années, suite notamment à la publication des rapports Vienot (1995 et 1999) et Bouton (2002).
The EU's New Economic Governance Framework and Budgetary Decision‐Making in the Member States: Boon or Bane for Throughput Legitimacy?*
2021
The euro crisis has sparked changes in the EU's economic governance framework and a crisis of legitimacy across the union. While the institutional repercussions of the crisis have been studied before, the democratic impact at the national level has received much less attention. This paper aims to fill this gap, focusing on the procedural changes that the EU's new economic governance (NEG) framework has brought to national budgetary decision-making. Building upon the Varieties of Democracy framework, the paper adds empirical nuance and conceptual clarity to the notion of 'throughput legitimacy' and its components: openness, inclusiveness, transparency and accountability. Detailed case studie…
The Discursive Dance : The Employee Co-operation Negotiations as an Arena for Management-by-fear
2015
The purpose of this article is to qualitatively describe and critically explain the discursive construction of employee co-operation negotiations in Finland as an arena for management-by-fear. The article consists of a theoretical review, covering the legislative basis of co-operation negotiations and recent research on management-by-fear. The empirical study consists of media texts and company media releases in Finland in 2012–2013. The main conclusions are that there are distinctive features in the co-operation negotiations that enable and enforce the possibility of management-by-fear, and thus destructive leadership. The process, supported by law and very much against the original aim, e…