Search results for "REGION"
showing 10 items of 4910 documents
Audit fees and cost of debt: differences in the credibility of voluntary and mandatory audits
2019
Despite the extensive research on audit fees, few studies have examined the effect of audit fees on the cost of debt. Based on the credence goods theory, we examine whether the effect of audits on the cost of debt is affected by the type of audit (voluntary or mandatory) and the audit fees, as well as whether there is a combined effect of voluntary audits and audit fees, so that the effect of voluntary audits on the cost of debt is affected by audit fees. Using a sample of Spanish SMEs, we find an asymmetric effect of audit fees on the cost of debt: higher audit fees are associated with a lower cost of debt for voluntarily audited companies, while the association is not significant for mand…
Some issues concerning sector concentration. evidence from Romania / Valdymo sistema didžiosiose madeiros salos imonėse: rezultatų apskaitos sistemos…
2011
This paper examines the dynamics of sector concentration in Romania starting from two basic questions: how concentrated the economic activities are and what factors determine the economic concentration. The lack of availability of concentration ratio series for Romanian economy has limited the research in this field. The paper reports the concentration ratios dynamics in Romania during the period 1996–2004, looking at the differences between industries and offers some possible explanations. We use the simple concentration ratio (CR) for the largest 5 and 20 companies to measure concentration in 25 industries according to the sales figure and the number of employees. Our study has been limit…
Does doing good do well? An investigation into the relationship between consumer buying behavior and CSR
2022
Corporate Social Responsibility (CSR) has emerged globally as an important field of study as corporations increasingly recognize the positive consequences of ethical behavior in their business operations. However, despite a growing body of literature, results and definitions remain somewhat contradictory and fractured. Taking a marketing business ethics perspective, this article examines the influence of CSR in firms and its impact on consumer buying behavior through a systematic examination of state of the art literature over the past two decades (2000–2020). Our review identifies a theoretical connection between CSR initiatives and positive consumer reaction yet a lack of material relevan…
Changes in determinants of the interest margin in today’s economy
2019
This study examined the interest margin following the significant drop in its contribution to credit institutions’ total income. Balance sheet variables, income statement and annual report variables, and external variables were studied separately. Variables that had not previously been studied in the literature were considered, and determinants that had already been studied were revisited after the reduction in the interest margin. The diversification of investment in associated companies and investment in fixed and variable income are causes of this decrease in the interest margin. Higher fees and commissions offset this decrease. Greater size and market power have reduced the interest mar…
Towards sustainable coexistence: People and wild mammals in Baluran National Park, Indonesia
2018
Abstract The paper offers a critical discussion of resource use in a national park, Baluran, in Indonesia. In general, an increasing accept of the need for livelihood security, also for people living in or near natural conservation areas, are challenging traditional systems of national park governance. Finding ways to balance the needs of local populations against the necessity to secure biodiversity and environmental sustainability becomes important, and the main question in our research is how to accommodate an existing society in Baluran without a further negative impact on endangered mammals. Based on common pool resource management and co-management theories and thorough empirical inve…
Measuring the shadow economy and its drivers: the case of peripheral EMU countries
2019
We adopt a long-run perspective to investigate the size of the shadow economy and explore the trends in this area. The analysis is based on a panel of peripheral EMU countries over the period 1965-2015. Our empirical approach relies on a multiple indicators and multiple causes (MIMIC) framework. This approach is a variant of structural equation modelling (SEM). We used two sets of variables, (i.e. potential determinants and indicator variables) to estimate an underlying (unobserved) index that measures the evolution of the shadow economy. Ascertaining the relative importance of the shadow economy enabled analysis of its relationship with other institutional and social issues (e.g. corruptio…
Revisiting bank failure in the United States: a fuzzy-set analysis
2020
Past financial crises have illustrated the importance of recognising the combinations of factors that can cause financial distress in the banking industry. Accordingly, this study uses fuzzy-set qualitative comparative analysis (fsQCA) to identify the combinations of factors that lead to bank failure. The data consist of 30 annual financial ratio series for 156 U.S. banks over a 15-year period (2001–2015). Identifying combinations of conditions that can produce bank failure is crucial to help regulators and bank managers. The fsQCA presented in this paper sheds light on the relationships between combinations of conditions and bank failure, providing a solution comprising two sufficient and …
Regional sustainability transition through forest-based bioeconomy? Development actors' perspectives on related policies, power, and justice
2022
Forests and forest-based bioeconomy have central roles in the contemporary sustainability transition. However, the transition towards a bioeconomy is loaded with tensions regarding economic growth, ecological integrity, and social justice. These tensions reproduce varying transition discourses. Political actors at the level of the European Union (EU) and nation states take part in the processes creating the discourses and aim to govern the forest bioeconomy-based transition in certain directions viewed as favourable. The transition tensions are strongly felt in regions that are rich with forest resources but poor in terms of economic and political power, called ‘forest peripheries’. In this…
Putting time into space: the temporal coherence of spatial applications in the housing market
2016
International audience; Relationships between past events, future expectations and present decisions, typically examined through a temporal prism within applied economics, have been lately moving to the spatial dimension through spatial econometrics. However, violations of the “arrow of time”, and thus causality, have been identified in spatial econometric techniques applied to spatio-temporal data consisting of observations each at a specific location and distinct moment in time. A comprehensive review classifies for the first time several redresses to this issue in a currently fragmented literature. This paper puts back the temporal dimension into spatial Hedonic Pricing models through a …
Regional effects of monetary policy in the U.S.: An empirical re-assessment
2020
Abstract This paper provides an empirical re-assessment of the regional effects of monetary policy in the U.S. We use the narrative series of Romer and Romer (2004) as a measure of monetary policy shocks and impulse response functions estimated directly from a single equation spatial model. We find that monetary policy tightening leads to a persistent decrease in regional real personal income and employment, with asymmetric effects across regions that are magnified by spatial spillovers. The magnitude of the effects depends on the period under analysis and on the direction of the monetary policy shock. We also provide evidence of the existence of the interest rate and the housing market cha…