Search results for "account"
showing 10 items of 2183 documents
The value relevance of accounting information during the global financial crisis: evidence from Norway
2013
This study investigates how the recent financial crisis influenced the value relevance of accounting information. The empirical analyses show that the book values of equity explained most of the cross-sectional variation in stock prices during the crisis. Still, the earnings response coefficient increased significantly during the period of the crisis. The analysis suggests a separation between the information content of book values and earnings in a crisis situation. The findings are consistent with book values being highly relevant as a proxy variable for liquidation values in a crisis, whereas earnings, in contrast to the balance sheet, capture information about the future earning capabil…
How fair-value accounting can influence firm hedging
2012
Published version of an article in the journal: Review of Derivatives Research. Also available from the publisher at: http://dx.doi.org/10.1007/s11147-012-9084-y The potential influence of accounting regulations on hedging strategies and the use of financial derivatives is a research topic that has attracted little attention in both the finance and the accounting literature. However, recent surveys suggest that company hedging can be substantially influenced by the accounting for financial instruments. In this study, we illustrate not only why but also how the accounting regulations may affect hedging behavior. We find that under mark-to-market accounting, most firms concerned with earnings…
French engineering graduates in corporate R&D: is it worthwhile?
2009
In the early 1990s, several studies pointed out a significant gap in earnings between engineers in private firms working in Research and Development (R&D) and those in other activities. The purpose of this article is to assess, from conventional Mincerian models, to what extent these findings are still valid. The different levels of responsibility and job satisfaction of engineers in both types of activities are also analysed. The results clearly suggest a lower remuneration for engineers working in R&D in comparison to other activities, all things being equal. On the other hand, engineers involved in R&D activities have a greater dissatisfaction about the remuneration they receive, but als…
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…
On the Asymmetric Recognition of Good and Bad News in France, Germany and the United Kingdom
2001
We investigate whether accounting systems recognise bad news more promptly in earnings than good news, where news is proxied by changes in share price. The analysis is based on a sample of firm/years drawn from France, Germany, and the UK during 1990 to 1998. These three countries are the originators of three distinct legal traditions. Previous studies have argued that asymmetric recognition, one manifestation of conservative accounting, is sensitive to legal background and history. We find that in all three countries the contemporaneous association between earnings and returns is much stronger for bad news (i.e. when price changes are negative) than for good news, and although the results …
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…
Combinatorial Double Auction Radio Resource Allocation Model in Crowd Networks
2018
International audience; Industrial Partners (IPs) with Mobile Network Operators (MNOs) are extending the mobile network infrastructure with Small Cells (SCs) in order to meet the growing mobile traffic demand. Due to the increasing number of telecommunication market competitors and the scarcity of radio resources, static sharing schemes are no more efficient. New dynamic schemes should be considered to meet both user expectations and economic success. In a crowd networking context, we propose in this work a dynamic radio resource scheme based on combinatorial double auctions. The participants in these auctions are the MNOs considered as buyers and the IPs, providers of SCs, considered as se…
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…
Innovations in savings and credit groups: evidence from Kenya
2007
Accepted version of an article published in the journal : Small Enterprise Development Copyright Practical Action Publishing: http://practicalaction.org/publishing/sed_journal This article reports from a church based Savings and Credit Groups (SCG) project in Kenya called Tuinuane. The project builds upon the Worth program of PACT, but has added some interesting and innovative features allowing country-wide outreach: 1) It piggybacks on a church. 2) Field officers have been avoided. Instead group leaders are screened and trained through a detailed implementation plan. 3) It makes active use of mobile phones in planning, monitoring and follow-up efforts. The attachment to the church as well …
An exploratory study of sustainable rural tourism in Sicily
2013
Recently, a significant interest was noticed around rural tourism, and particularly agritourism, which represents the main specific application. Rural tourism is a sustainable tourism, since the valorisation and conservation of environmental and territorial resources where economic activity is carried out are its main features. From the official statistical data, it appears clear that this activity, widely spread in Italy, may provide a significant financial support both to agricultural firms and to the whole sector of tourism, and thus allows redistributing touristic flows from coastal towards inland areas. The main aims of the paper are both to analyse the agritourist supply in Sicily com…