Search results for "Finance"

Efficacité interne de l'enseignement primaire aux pays de la Communauté Economique des Pays des Grands Lacs (CEPGL) : question approfondie sur le Rwa…

2011

This PhD study has been achieved with objective to carry out the level of internal efficiency of the primary education in the CEPGL countries and the progress reaches toward the education for all after the period of ethnic and armed conflicts. In addition, specifically for Rwanda, to underline the individual, families and school factors explanatory of the repetition and drop-out in the primary schools. The data of our analysis come from different reports of ministries, international organizations and publications of researchers. The analysis of the primary education inside CEPGL countries, by the indicators that document education supply and demand, show that, after the period of conflicts,…

IN THE EYE OF THE BEHOLDER: NEGATIVE AFFECT VALUATION IN LATER ADULTHOOD

2018

Affective values may shape how affect is linked to health and well-being. Much of the work to date, however, has focused mostly on younger, European American adult samples. Yet, emotional experiences are known to take on greater importance in later life. In the current study, 313 participants (65+ years old) from the Daily Experiences and Well-Being Study (DEWS) completed baseline interviews, questionnaires, and 4–5 days of ecological momentary assessments (EMA). The baseline EMA surveys assessed momentary affect whereas the questionnaires assessed negative affect valuation (NAV): the extent to which people recognize value in negative emotional experiences in terms of their pleasantness, ap…

Preferencias de los y las estudiantes universitarias sobre el empleo desde una perspectiva de género

2015

Se presenta un estudio de encuesta sobre las preferencias que tiene el alumnado universitario al decidirse por un trabajo, lo que creen que les debe aportar y cómo debe ser la empresa en la que desearían trabajar en función de la variable género. Diferentes investigaciones, señalan que las personas desarrollan valores, expectativas y habilidades profesionales diferentes asociadas a la carrera y a la profesión en función del género. El objetivo de este trabajo es analizar los factores que llevan a los y las jóvenes a percibir  el trabajo o profesión y determinar si dicha percepción es diferente por ser hombre o mujer. A través de un cuestionario ad hoc compuesto por 52 ítems de escala Likert…

Do Cross-Country Differences in Accounting Conservatism Explain Variations in the Degree of Investor Diversification?

2009

We show that the level of conditional accounting conservatism of foreign markets is significantly and positively associated with decisions to diversify portfolios internationally. This positive association could be either because conditional conservatism per se is attractive to international investors, or because the un-modelled factors that attract foreign investors to a country also cause these countries to adopt conditionally conservative accounting practices. However, if conditional conservatism serves to alleviate foreign investors’ concerns related to insiders having asymmetric access to information then one would also expect the chosen mode of entry into a foreign market (as foreign …

The influence of conditional conservatism on ownership dispersion: An international analysis

2013

ABSTRACTWe study the influence of conditional accounting conservatism on domestic investor diversification decisions. We argue that a conservative accounting system that promotes the dissemination of bad news and which constrains managers from engaging in opportunistic activities reduces the need for investors to concentrate their ownership, and consequently helps investors to diversify their investments. Through a country-level analysis we show that increased domestic conditional conservatism and higher domestic diversification opportunities lead to higher levels of domestic ownership diversification. Our results are robust to alternative estimates of conditional conservatism, and indicate…

2015

This paper provides a commentary on the academic literature on accounting conservatism with a view to highlighting the insights of that literature that are potentially useful for accounting standar...

Claridad y calidad de las notas explicativas en estados financieros bajo IFRS. Un estudio de brechas de Expectativas Gaps para normas contables (NIC …

2018

Este análisis situacional de la claridad y calidad de las notas explicativas en los estados financieros bajo IFRS (Obligatory Disclosure), pretende entregar claridad acerca de la calidad de la información entregada en las notas explicativas para 4 normas de Información Contable, claves en la información financiera en los países de la región, que son la NIC 2; Notas referente a Inventarios, NIC 16; Notas referente a Propiedad Planta y Equipos, NIC 37; Notas referente a Provisiones, y NIC 38; Notas referente a Activos Intangibles. Adicionalmente, este trabajo estudia la brecha de expectativas (Expectation Gaps) que existe en la información entregada en las notas de los estados financieros par…

Audit and Earnings Management in Spanish SMEs

2016

Abstract Evidence about the relation between earnings management and voluntary audits is scarce, and there is no research about the effectiveness of mandatory audits to improve earnings quality. Using a sample of Spanish SMEs, where some companies are mandatorily audited and some are exempt from audit, we examine if audits, either mandatory or voluntary, help to improve accounting quality by constraining earnings management. We also examine differences between voluntary and mandatory audits, as well as the role of Big 4 and Middle-Tier auditors. After controlling for other characteristics that affect earnings management, we find that audited companies have lower absolute discretionary accru…

A SYMMETRIC AND POSITIVE DEFINITE BEM FOR 2-D FORCED VIBRATIONS

1997

A BEM formulation for 2D elastodynamics in the time domain has been presented. The formulation gives a resolving system that involves boundary displacements only. The stiffness and mass matrices of the boundary discretized body are frequency independent, symmetric and positive definite

Shareholder Wealth Creation in Response to Announcements of Acquisitions of Unlisted Firms: Evidence from Spain

2011

We investigate shareholder value creation of Spanish listed firms in response to announcements of acquisitions of unlisted companies and compare this experience to the purchase of listed firms over the period 1991–2006. Similar to foreign markets, acquirers of listed targets earn insignificant average abnormal returns, whereas acquirers of unlisted targets gain significant positive average abnormal returns. When we relate these results to company and transaction characteristics our findings diverge from those reported in the literature for other foreign markets, as our evidence suggests that the listing status effect is mainly associated with the fact that unlisted firms tend to be smaller …