Search results for "ARDS"
showing 10 items of 1705 documents
PASSAGE OBLIGATOIRE AUX NORMES COMPTABLES IAS/IFRS, CONTRAINTES EN LIQUIDITE ET RATIONNEMENT DU CREDIT : UNE ETUDE EMPIRIQUE DANS L'INDUSTRIE BANCAIR…
2012
Financial theory indicates that banks dependent on external resources and/or financially fragile have more difficulties in refinancing their operations of credit supply, due to the informational problems they face and/or they cause. In this context, this study tests the hypothesis that the mandatory adoption by banks of the IAS/IFRS accounting standards, known to be of higher quality, leads to an increase in the quantity of loans granted by banks constrained in liquidity, all else equal. Based on a sample of European banks, between 2003 and 2008, we obtain results in favour of this hypothesis.
Have IFRS changed how stock prices are associated with earnings and book values?
2015
Purpose – The purpose of this paper is to examine how the mandatory shift from Norwegian Generally Accepted Accounting Principles (NGAAP) to International Financial Reporting Standards (IFRS) in Norway affected the valuation weights of earnings and book values, with the aim of gaining insights that are relevant for standard setters, investors and other users of accounting information. Design/methodology/approach – The authors extend the IFRS literature on structural shifts between the pre- and post-adoption periods by comprehensively controlling for factors that vary between the IFRS sample and the domestic Generally Accepted Accounting Principles (GAAP) sample. Moreover, the tests are des…
Banking Accounting between Prudence and Flexibility
2013
Abstract This paper is about the first year applying the International Financial Reporting Standards in Romanian banking accounting system. The research goal is revealing the effects on valuation of assets, liabilities or risks provisions. Expected results are linked to changing of performance indicators. Besides the need of specific resolution measures, the crises revealed the necessity to adopt prudential regulations for increasing banking accountability. Similar to the other segments of the financial market, the facts have shown that the control over the obeisance of these regulations should be entrusted to a supervising authority.
Optimal vs satisfactory transparency : The impact of global macroeconomic fluctuations on corporate competitiveness
2019
Abstract Being able to separate temporary global macroeconomic influences – caused by fluctuations in exchange rates, interest rates and inflation – from intrinsic performance – related to a superior product, production process or management – is crucial to assessing the development of a firm’s competiveness. Against that background, this paper analyzes institutions’ role in making firms supply outside shareholders with relevant information corresponding to satisfactory transparency from the shareholder perspective. Based on a sample of the 100 largest public European firms, it is found that no firm provided information to a level deemed satisfactory by the outside shareholder. One explanat…
Internationalization pathways among family-owned SMEs
2012
PurposeThe purpose of this paper is to increase understanding of the internationalization of family firms; to investigate how the framework by Bell et al. on the internationalization patterns of firms could explain the internationalization pathways taken by family‐owned small to medium‐sized enterprises (SMEs); and to identify typical patterns and features in the various pathways taken by family‐owned SMEs.Design/methodology/approachThis paper reports findings from an in‐depth multiple case study with eight Finnish family‐owned SMEs.FindingsThe ownership structure had the most important role in defining the internationalization pathways followed by the family‐owned SMEs: a fragmented owners…
Market risk reporting in banking overcoming the limits of IAS/IFRS and Basel regulation
2017
Market risk in banking activity is becoming a more severe issue day by day for several reasons. Analysing it from a regulatory point of view is fundamental for assessing whether or not banks are in the conditions of disclosing a satisfactory degree of information about their market risk exposure. The two regulatory constraints to consider are International Accounting Standards (IAS/IFRS) and the Basel regulation. Both of them seem to put too many constraints on banks. They turn out to be over-over-regulated. Even if regulators put many efforts in trying to provide a useful regulation for banks' risk reporting and capital adequacy, we are still far from a good regulation. The regulatory proc…
Pyrolysis-gas chromatography/mass spectrometry of soil organic matter extracted from a Brazilian mangrove and Spanish salt marshes
2009
The soil organic matter (SOM) extracted under different vegetation types from a Brazilian mangrove (Pai Matos Island, São Paulo State) and from three Spanish salt marshes (Betanzos Ría and Corrubedo Natural Parks, Galícia, and the Albufera Natural Park, Valencia) was investigated by pyrolysis-gas chromatography/mass spectrometry (Py-GC/MS). The chemical variation was larger in SOM from the Spanish marshes than in the SOM of the Brazilian mangroves, possibly because the marshes included sites with both tidal and nontidal variation, whereas the mangrove forest underwent just tidal variation. Thus, plant-derived organic matter was better preserved under permanently anoxic environments. Moreove…
Dismantling and electrochemical copper recovery from Waste Printed Circuit Boards in H2SO4–CuSO4–NaCl solutions
2019
Abstract The worldwide growing of electrical and electronic equipment makes increasingly urgent to find environmentally friendly treatments for e-waste. In this paper, the attention has been focused on i) the eco-friendly dismantling of the electronic components from Waste Printed Circuit Boards and ii) recovering of pure metallic copper, which is the most abundant metal and one of the most valuable in Printed Circuit Boards. After an experimental optimization study, we found that a solution containing 0.5 M H2SO4, 0.4 M CuSO4, and 4 M NaCl can be successfully used to disassemble the electronic components from the boards by leaching of all exposed metals. Air was blown into the leaching sol…
Broadband Fabry–Pérot Resonator From Zerodur for Laser Stabilisation Below 1KHZ Linewidth With < 100 HZ/S Drift and Reduced Sensitivity to Vibrati…
2015
Abstract Here we demonstrate the results of creating a two-mirror Fabry-Pérot resonator (FPR) that allows achieving the spectral width of a stabilised laser line below 1 kHz. It had low expansion Zerodur spacer and broadband high reflectance mirrors (99.85% in the range of 630 to 1140 nm). FPR was vertically mid-plane mounted for reduced sensitivity to vibrations and included in two shields inside a vacuum chamber to lower temperature fluctuations. Peltier element was used for temperature stabilisation at zero-expansion temperature. Pound-Drever-Hall (PDH) technique was applied. The signal from FPR was compared to ultra-stable signal (of about 1 Hz linewidth) to form a beat note signal. For…
A General Methodology for Short-circuit Calculations in Hybrid AC/DC Microgrids
2023
In this paper, the issues related to short-circuit calculations in hybrid AC/DC microgrids are discussed. The reference standard for short-current calculations in DC systems is the IEC 61660, which provides a mathematical formulation of the problem. The standard only includes radial DC grids and does not consider a more complex system, such as meshed DC systems or a hybrid AC/DC microgrid. This paper proposes a generalized approach that can be used independently of the characteristics of the hybrid system. The proposed approach is applied to four test microgrids with different distributed sources and number of nodes and the results are compared with those obtained simulating the same grids …