Search results for "ACCOUNTING"
showing 10 items of 1961 documents
An Economic Viewpoint on Capitalism Bashing
2016
Abstract In this paper I discuss two long disputed notions: that capitalism without crises is a fallacy respectively that capitalism bashing, however severe, will not endanger the system itself. Yet proving both is not an easy task since the capitalism issue has always been a cupellation of theory, ideology and political precepts, which are controversial and hard to disentangle. That capitalism detractors are numberless is a truism. Yet criticism against capitalism, however fierce, has always been clearly delineated. Not any more: globalization has rendered the picture dangerously fuzzy. It is now hard to ascertain whether someone who will harangue about the ostensible evils of globalizatio…
Transgenerational innovation capability in family firms
2020
PurposeBased on the theory of dynamic capabilities, the purpose of this study is to examine how generation influences the effect of innovation capability on family business performance. To achieve this purpose, a moderation model is tested using the generational level as the moderating variable.Design/methodology/approachThis study used a sample of 106 family businesses CEOs who were surveyed by mail using the Limesurvey 2.5 platform. The results obtained were analyzed using the second-generation partial least squares (PLS) structural equation model. The MICOM (Measurement Invariance of Composite Models) approach was used to analyze the moderating effect.FindingsThis research sheds lights o…
Family business internationalization: an insight into opportunities and challenges.
2020
The theme of internationalization in family businesses is a highly topical issue that is increasingly attracting management scholars. This is because, in addition of being a particular type of business (Alcorn, 1982), they play a central role in most economies worldwide. Accounting for 65-80 percent of all the world’s firms, they generate around 70-90 percent of annual global GDP, and are the source of 50-80 percent of new jobs in most countries. Their essence lies in the close bond they have with their founders and above all, in the family’s involvement in the business ownership and management (Franco and Prata, 2019). This bond may prove to be a limit for fuelling internationalization pro…
The Psychological Foundations of Management in Family Firms: Values, Biases, and Heuristics
2021
Considering the heterogeneity of family firm behaviors as reflecting the values, biases, and heuristics of individuals, we discuss the implications of the psychological foundations of management in family firms. We develop a conceptual framework for investigating how the values, biases, and heuristics of family and nonfamily members affect strategic decision-making and the outcomes of family firms. To advance the field, we put forward some relevant questions and offer a future research agenda at the intersection of the psychological foundations of management and family business.
Public transportation and fear of crime at BRT Systems: Approaching to the case of Barranquilla (Colombia) through integrated choice and latent varia…
2021
Abstract Security perception and Fear of Crime (FoC) in urban scenarios have the potential to affect travel behavior, changing people’s travel choices and patterns. In this sense, the feeling of being “safe” or “at-risk” in public transportation not only depends on observable factors like illumination, travel companionship or transport crowding, but also on unobservable individual-specific latent attributes, among which fear of crime constitutes a major issue to consider in transport security policy-making. This study aimed to describe the relationships among sociodemographic features, travel situations, system-design features, and the Fear of Crime at three different locations (buses, bus …
Facilitating innovation in FinTech: a review and research agenda
2022
AbstractThe purpose of this paper is to carry out content analyses on the existing literature to investigate the knowledge state of innovation facilitators adopted to promote financial innovation. In total, 56 papers were analysed using the NVivo software package. Three categories of innovation facilitators emerged from the literature capturing the perspective of regulators, incumbents and new entrants. Each identified instrument is defined and its processes and implications described. Many initiatives were led by regulators, revealing a regulatory strategy change from risk-based to opportunity-based regulation, with regulatory sandboxes being the most commonly adopted instrument. Incumbent…
Intorno ai fini dell’impresa: riflessioni anche alla luce dello Statement on the purpose of a Corporation del 2019
2020
Marcantonio Ruisi sottolinea come il profitto operi nell’impresa come fine-mezzo in vista di obiettivi ampi nello spazio e nel tempo: nello spazio dei bisogni umani da soddisfare e nel tempo di una prospettiva proiettata verso il futuro. In questo senso la pandemia Covid-19 ha fatto riflettere sulla responsabilità sociale sollecitando un’idea di entrepreneurship sempre più corrispondente ai caratteri della social entrepreneurship. Lo Statement della Business RoundTable a sua volta rappresenta una svolta sul piano culturale, magari di lento trasferimento nella prassi, da incentivare e consolidare con adeguati framework e KPI di controllo.
Income structure, profitability and risk in the European banking sector: The impact of the crisis
2017
This study sets out to analyse whether the effect of the income structure on the risk and profitability of European banks has changed as a result of the crisis and if it varies according to banks’ specialisation in a particular type of banking business. To do so, it estimates the income structure over the period 2002–2012 using data for a panel of European banks. The study also examines if there are differences between investment-oriented banks and banks specialising in financial intermediation in terms of the effect of income structure on risk and profitability. Our findings show that an increase in the share of non-interest income has a negative impact on profitability, although the effec…
Women Involved in the Financial Reporting Process and Financial Reporting Quality
2017
We examine how the presence of women involved in the financial reporting process of public companies, and especially the interactions between them (i.e. the simultaneous presence of a woman CFO, women sitting on the audit committee, and women auditors), impacts financial reporting quality. For our sample of large French companies, we find that women do not affect financial reporting quality when interactions are not considered. However, the interactions between women involved in the financial reporting are associated with lower discretionary accruals and higher C-scores (our measure of conservatism), as expected because women are generally more risk averse and have greater ethical sensitivi…
Equity valuation in practice: The influence of net financial expenses
2014
Abstract This study investigates the relevance of net financial expenses with respect to equity valuation in an IFRS accounting regime. According to the residual earnings valuation model, income related to balance sheet items that are recorded at fair value is not applicable for valuation purposes. There are no residual earnings associated with these items because the balance sheet provides ‘perfect’ value estimates for the items in question. In accordance with the contention that under IFRS, aggregate net financial liabilities are recorded at a book value that is close to fair value, this study demonstrates that net financial expenses are not associated with the market prices of stocks. Th…