Search results for "STRATEGY"
showing 10 items of 2256 documents
Earnings sustainability, economic conditions and the value relevance of accounting information
2013
Summary This study demonstrates that the value relevance of accounting information is influenced by the ability to capitalize investments in valuable resources. We use data from Sweden to show that firms that operate in industries in which accounting conservatism limits this capitalization display lower value relevance as a result of more unsustainable earnings components. However, when controlling for the different properties of sustainable and unsustainable earnings components, the difference vanishes. Moreover, we show that firms operating in industries in which more investments are immediately expensed display systematic temporal variations in the level of value relevance. We contend th…
Long-term ecology of investors in a financial market
2018
AbstractThe cornerstone of modern finance is the efficient market hypothesis. Under this hypothesis all information available about a financial asset is immediately incorporated into its price dynamics by fully rational investors. In contrast to this hypothesis many studies have pointed out behavioral biases in investors. Recently it has become possible to access databases that track the trading decisions of investors. Studies of such databases have shown that investors acting in a financial market are highly heterogeneous among them, and that heterogeneity is a common characteristic of many financial markets. The article describes an empirical study of the daily trading decisions of all Fi…
Faunal invasions as a source of morphological constraints and innovations? The diversification of the early Cardioceratidae (Ammonoidea; Middle Juras…
2005
Abstract Multivariate analysis of shell characters and quantification of morphological diversity (morphospace occupation and disparity) are used here to investigate the modes of morphological diversification of ammonites. We define five events in early cardioceratid history that connect geographical changes causing emigration or immigration phases with biodiversity dynamics: (1) the initial colonization of the Arctic Basin by the Cardioceratidae at the end of the Bajocian, Middle Jurassic; (2) the first appearance of the Kosmoceratidae clade in the Boreal Realm during the Bathonian; (3) the ensuing expansion phase of this clade in the Boreal Realm; (4) the first phase of migration of the Ca…
Economic Cooperation Between Latvia and China on the Background of Belt and Road Initiative with Focus on Cargo Potential
2018
Latvia is a Belt and Road Initiative country and can contribute to its Eurasian Land Bridge. The existing railway infrastructure can be used for establishing the Eurasian Land Bridge Northern Branch via Latvia, but the problem is a lack of cargo for this route. It can be integrated into the existing Eurasian Land Bridge with specialization to connect China and some European countries—the Scandinavian countries. The aim of the study is to assess the potential volume of Latvian cargo for the Eurasian Land Bridge Northern Branch through Latvia. The methods of the study are statistical analyses and the forecasts of experts. Forecast of experts is an innovative method for investigating this top…
Sustainable tourist development in Italian holiday destinations
2008
This paper argues that tourism, will become a major activity in a modern welfare state, which will have serious consequences for environmental sustainability. This issue calls for an assessment of the pros and cons of the ecological efficiency of tourism. We propose an overall efficiency indicator that comprises both a sustainable tourism index and an economic efficiency index. Based on a data set for Italian provinces and using Activity Analysis, a quantitative assessment of the relative position of Italian tourist destination areas is made from the perspective of sustainable tourism. Copyright © 2008 Inderscience Enterprises Ltd.
The institutional pillars of management accounting function
2009
PurposeThe purpose of this paper is to theorize the institutional pillars of management accounting function.Design/methodology/approachThe paper adopts a comparative case study approach.FindingsInstitutional pillars of management accounting are explored on the basis of two longitudinal case studies. Competitive/economic forces and three analytical elements of institutional theory are composing institutions: regulative, normative and cultural‐cognitive pillars. Each element is important, and all of them may work in combination, but they operate through distinctive mechanisms and processes. This paper illustrates how they provide the basis for compliance, order and the legitimacy of not the w…
Education and Employment: A Survey of French Research
1981
There is little doubt that at the end of the 1 960s, French research into the education-income relationship as a means of analysing also the relationship between training and employment remained unadvanced by comparison with work of this kind undertaken in English-speaking countries. Mainly attributable to a lack of appropriate data, this weakness incited the public authorities to develop, at the beginning of the 1970s, the gathering of such information, first on the cost of education, and then on wage levels. Thenceforth, the education-income relationship was subject to close analysis, while studies were carried out to elucidate the influence of variables other than education itself. Indee…
Regional development and innovation: the role of services
2009
This special issue examines the role of services within the relationship between regional development and innovation. The analysis described here clearly shows the importance of the institutional elements that go to make up each regional environment. These institutional elements are not only formal and informal but also include intermediary organisations and services, in particular, knowledge-intensive ones. Fostering services based on connection and transfer (technological centres etc.), constitutes a strategic line of action in regional innovation policy. These services have a dual purpose. They both enable interaction between agents located in the same area and promote connections betwee…
University Rankings: The Many Sides of the Debate
2014
Abstract Within the context of bourgeoning institutions that rank higher education institutions, this paper examines the merits and demerits of university rankings and diverse ranking methodologies. It explores and presents recent developments and diversification of international rankings and highlights their general trend towards more broadly balanced and multidimensional criteria. The paper concludes that like any other complex endeavour, rankings have their pros and cons but the latter does not justify their abandonment. What is required is public education that builds a discerning user who can optimally gain from the use of rankings while avoiding their pitfalls. The original version of…
Rethinking the Finance of Post-Compulsory Education
2010
Throughout the world, the finance of education is in serious crisis. The crisis of educational finance is not limited to the problem of meeting the obligations of societies to provide some minimum amount of compulsory education for their students. This minimum does not assure the preparation of an appropriately trained labour force in a world that is increasingly technicological and in which a competitive economy requires the remplacement of traditional production processes with others based on sophisticated labour and capital. The rapid growth of post-compulsory systems of education is no longer a luxury, but a necessity for industrialization and economic development.