Search results for "Profit"

The Cyclicality of Bank Credit Losses and Capital Ratios under Expected Loss Model

2023

We model the evolution of stylised bank loan portfolios to assess the impact of IFRS 9 and US GAAP expected loss model (ECL) on the cyclicality of loan loss provisions (LLPs), realised losses and capital ratios of banks, relative to the incurred loss model of IAS 39. We focus on the interaction between the changes in LLPs charges (the flow channel) and stocks (the stock channel) under ECL. Our results show that, when GDP growth doesn’t demonstrate high volatility, ECL model smooths the impact of credit losses on profits and capital resources, reducing the pro-cyclicality of capital and leverage ratios, especially under US GAAP. However, when GDP growth is highly volatile, the large differen…

The effect of IFRS's and Russian GAAP's revenue recognition differences on accumulation and timely allocation of profit tax in Russia : case Andritz …

2011

INTELLECTUAL CAPITAL IN THE NON PROFIT SECTOR. MEASUREMENT PROBLEMS AND EMPIRICAL EVIDENCE

2007

In doctrine, there is wide agreement on what is the main purpose of a company, identified as a firm’s capacity to create sustainable value. In the present economy, known as the knowledge economy, the main company value drivers are considered intangible resources and activities. The present work focuses on analysing the definition and measurement of Intellectual Capital in the non-profit or third sector organizations, and in particular in the health care sector, chosen for its relevance within the third sector.The contribution that this work seeks to provide is to give the reader a better comprehension of the IC theme in third sector organizations, by analysing the empirical evidence of IC n…

LE IMPRESE SOCIALI Un’analisi degli aspetti di governance e rendicontazione

2012

Negli ultimi anni il numero delle imprese che operano nel terzosettore è aumentato e le attività svolte si sono arricchite di contenuti.Oggi, infatti, le aziende non profit, oltre all’assistenza sociale esanitaria e alla formazione, svolgono attività di tutela dell’ambientee dell’ecosistema, di valorizzazione del patrimonio culturale e del turismosociale, di ricerca ed erogazione di servizi culturali. In questomutato quadro ambientale di riferimento, il legislatore con il D.Lgs155/2006 ha introdotto le imprese sociali, un nuovo strumento giuridicoche permette alle aziende del terzo settore di operare con maggiorefacilità sul mercato. Gli aspetti che caratterizzano queste impresesono due e s…

Different ways of measuring performance in the service industries: application in Spanish small and medium-sized hotels

2008

There is no suitable unit of analysis for explaining the profitability and competitiveness of the company, as typically pointed out in the debate between the disciplines of economics and management. After a study of the possible variables, we opted for those of minimum cost output and productivity, using these two measurements to analyse their application to Spanish hotels. The subsequent objective was to attempt to identify general strategies that could be applied to any SME within service industries. In situations where time and resources are not readily available to create action plans for each of the different types of SME, there is a need for incentives that can be applied to the creat…

Teacher Training in Linguistic Diversity within Inclusive Education: Cooperation between Non-governmental Non-profit Organizations and Educational In…

2020

Esta tesis examina la colaboración entre las las organizaciones no gubernamentales sin ánimo de lucro centradas en los alumnos con una lengua materna diferente y los centros escolares de tres zonas geográficas europeas: República Checa, Italia y España. Responde a tres preguntas de investigación: (1) ¿Qué servicios ofrecen las organizaciones sin ánimo de lucro a los profesores? (2) ¿Cómo ven las organizaciones no lucrativas la cooperación actual? (3) ¿Conocen los profesores la existencia de organizaciones sin ánimo de lucro en este ámbito y están interesados en dicha cooperación? Se emplea un enfoque de métodos mixtos, aplicando un cuestionario a 34 organizaciones sin ánimo de lucro (9 chec…

The impact of globalization on regional development and competitiveness: cases of selected regions

2019

International audience; The objective of this study is to conduct an analysis of regional development and competitiveness in the EU and Latvia under current conditions of economic globalization. This paper makes an attempt to evaluate a theory of regional development and regional competitiveness concept in relation to regional competitiveness in the light of current global economic changes. The authors emphasise that the regional development is based on competitive advantages, which has been a subject of fundamental research by Michal Porter and that serves as a basis for the current scientific methodology to assess competitiveness of regions and countries. The authors support a view of man…

On survivor stocks in the S&P 500 stock index

2021

This paper investigates the performance and characteristics of survivor stocks in the S&P 500 index. Using both in-sample and out-of-sample comparisons, survivor stocks outperformed this market index by a considerable margin. Relative to other S&P 500 index companies, survivor stocks tend to be small value stocks that exhibit high profitability and invest conservatively. Surprisingly, survivor stocks tend to be loser stocks with negative exposure to the momentum factor. Further analyses show that the volatility of the survivor stocks portfolio is less exposed to tail risks and responds less to shocks in the innovation process.

Bank Stability: The Case of Nordic and Non-Nordic Banks in Latvia

2018

The banking industry is facing huge challenges due to technology-enabled innovation, to changes in customer preferences, to bank de-risking and to new regulatory initiatives. To go through all these changes, banks need to be stable. The present study contributes to the empirical literature by identifying the determinants of stability of banks in the Latvian Banking Industry. This study covers both bank-specific (endogenous) factors and macroeconomic (exogenous) factors that impact the stability of banks. The data set used in this study is the annual financial statements of Latvian banks operated in the period 2003-2016. Using multivariate regression analysis techniques, we found evidence th…

Supplier switching decisions

2007

Abstract In order to maximize profit, a buying firm should continuously search for and access sources which offer more favorable prices. While the literature is replete with works on the formation and development of buyer–supplier relationships, there is surprisingly only scarce research on the termination of such relationships and supplier switching. Using the concept of switching costs in a principal-agent framework, we at first analyze whether a firm switches the entire or a partial quantity to an alternative supplier when there is either symmetric or asymmetric information about the alternative supplier’s cost structure. Information asymmetry results in inert supplier switching decision…