Search results for "CCR"
showing 10 items of 574 documents
The value relevance of losses revisited: the importance of earnings aggregation
2011
Accepted version of an article published in the journal: Global Business and Economics Review. Also available from the publisher at: http://dx.doi.org/10.1504/GBER.2011.040728 Prior research has suggested that earnings explain a larger portion of the variation in stock returns when disaggregated into components. This study shows that the increase in explanatory power stems primarily from disaggregation of negative earnings. When accounting earnings are sufficiently disaggregated into items, there is no longer a statistical difference in the value relevance of positive and negative earnings. Thus, negative earnings are also useful to stock investors. The findings are attributed to earnings p…
Strategic Accounting Choice Around Firm-Level Labor Negotiations
2014
Prior literature argues that managers make opportunistic income-decreasing accounting choices to limit the concessions made to trade unions. However, empirical research to date presents mixed evidence, potentially due to a common theoretical approach that views labor bargaining as a one-shot game in nature. Using a sample of U.S. firms that engage in firm-level labor collective agreement negotiations, we study whether managers act strategically to reduce the transfer of wealth to employees, and its consequences over investment efficiency. We expect that the repeated nature of this negotiation leads to cooperation among the parties and limits the incentives for earnings manipulation, partic…
How initial and boundary conditions affect protoplanetary migration in a turbulent sub-Keplerian accretion disc: 2D non-viscous SPH simulations
2009
Current theories on planetary formation establish that giant planet formation should be contextual to their quick migration towards the central star due to the protoplanets-disc interactions on a timescale of the order of $10^5$ years, for objects of nearly 10 terrestrial masses. Such a timescale should be smaller by an order of magnitude than that of gas accretion onto the protoplanet during the hierarchical growing-up of protoplanets by collisions with other minor objects. These arguments have recently been analysed using N-body and/or fluid-dynamics codes or a mixing of them. In this work, inviscid 2D simulations are performed, using the SPH method, to study the migration of one protopla…
Ranking of Palliative Care Development in the Countries of the European Union.
2016
Abstract Context There is growing interest in monitoring palliative care (PC) development internationally. One aspect of this is the ranking of such development for comparative purposes. Objectives To generate a ranking classification and to compare scores for PC development in the countries of the European Union, 2007 and 2013. PC "development" in this study is understood as a combination of the existence of relevant services in a country ("resources") plus the capacity to develop further resources in the future ("vitality"). Methods "Resources" comprise indicators of three types of PC services per population (inpatient palliative care units and inpatient hospices, hospital support teams, …
Consequences of the Abandonment of Mandatory Joint Audit : An Empirical Study of Audit Costs and Audit Quality Effects
2016
Abstract This paper focuses on the unique Danish setting in examining the consequences of abandoning a mandatory joint audit regime. We study the effects on audit costs (measured by audit fees) and audit quality (measured by abnormal accruals) of the abandonment of the mandatory joint audit in Denmark in 2005. We perform our analysis on non-financial listed Danish companies for the 2002–2010 period. Our results show that a joint audit is associated with higher fees, but that the association between joint audit and abnormal accruals is insignificant. This suggests that the higher audit fees cannot be explained by higher audit quality. Our results are robust to alternative measurements of fee…
Nonaudit services provided by incumbent auditors and earnings management: Evidence of auditor independence from an EU country
2011
ABSTRACTThis paper examines whether the joint provision of audit and non-audit services undermines auditor independence by testing for an association between the provision of consulting services and auditor independence measured by discretionary accruals. For the most part, previous literature has studied the issue in countries with an Anglo-American business environment. This study analyzes the possible impairment of auditor independence in the context of a continental European Union country (Spain). A cross-sectional regression is estimated to test the relationship between non-audit fees and reporting quality. Based on publicly available information for Spanish listed companies, the evide…
The identification of social economy companies in Spain. Legal problems
2018
La Ley de Economía Social 5/2001 nace con el objetivo de configurar un marco jurídico que de visibilidad a la economía social y le otorgue mayor seguridad jurídica; y con esta finalidad define la economía social y establece los requisitos que deben cumplir las entidades denominadas de economía social. Esos requisitos hacen referencia a la condición de entidad privada, al desarrollo de una actividad económica con criterios empresariales y al cumplimiento de ciertos fines y principios. Las entidades de la economía social deben perseguir el interés general, de forma directa o en conjunción con los intereses de sus miembros usuarios, y deben actuar conforme con ciertos principios que pueden cal…
An introduction to the Economics of Fake Degrees
2008
08045; International audience; This paper critiques the multifarious ways whereby academic qualifications may be falsified in the international marketplace. The objectives are fourfold: (1) defining the main terms used such as fake degrees and diploma mills; (2) providing a brief history of fake degrees and identifying the factors that explain their recent development; (3) developing a theoretical framework to analyze fake degrees; and (4) exploring the costs and benefits of this activity and its net impacton a given society. Degrees serve instrumental and ceremonial purposes. It is argued that degree holders may be considered as members of a club. They confer totheir holders excludable but…
El procés d'informació i orientació professional: aproximació al perfil de l'orientador
2008
Durant els últims anys, el concepte d'educació permanent, també anomenat Life Long Learning, ha estat objecte de debat en el disseny de polítiques i accions educatives a Europa. L'orientació professional constitueix un element estructural i funcional del sistema educatiu i formatiu amb un objectiu clar: l'èxit d'una inserció professional i social satisfactòria de la persona. L'orientació professional comprèn aspectes d'informació acadèmica i laboral juntament amb altres aspectes fonamentals com és ara el coneixement de la persona i les possibilitats de l'entorn. La informació acadèmica i professional és un element imprescindible per a l'orientació. L'orientació professional s'ha de dirigir …
Future Perspectives in NNRTI-Based Therapy: Bases for Understanding Their Toxicity
2011
Continuous administration of the drugs included under the term Highly Active Antiretroviral Therapy (HAART) has turned AIDS into a chronic disease, at least in developed countries (Panos et al., 2008). The initial development of these drugs was particularly rapid and focused on clinical efficacy before all other considerations. However, as the disease has come under control, there has been growing emphasis on the long-term adverse effects associated with this therapy. The first drug for the treatment of HIV infection, zidovudine (AZT), was approved in 1987. The number of other antiretroviral drugs already approved for use or under development continues to grow, and the primary aim of resear…