Economic Annals最新文献_第7页

The use of historical cost and fair value for property and plant and equipment measurement: Evidence from the Republic of Serbia 使用历史成本和公允价值计量财产、厂房和设备:来自塞尔维亚共和国的证据

Economic Annals Pub Date : 2020-01-01 DOI: 10.2298/eka2027095k

Nemanja Karapavlović, V. Obradović, J. Bogićević

{"title":"The use of historical cost and fair value for property and plant and equipment measurement: Evidence from the Republic of Serbia","authors":"Nemanja Karapavlović, V. Obradović, J. Bogićević","doi":"10.2298/eka2027095k","DOIUrl":"https://doi.org/10.2298/eka2027095k","url":null,"abstract":"The aim of the paper is to reveal how financial statement preparers in the developing and transition country of the Republic of Serbia, behave in situations where they can choose between the valuation model based on historical cost and the valuation model based on fair value. In that regard, we have analysed the subsequent measurement of property and plant and equipment in Serbia. We find that companies are more likely to choose the historical cost model than the revaluation model (the model based on fair value) for owner-occupied properties and plant and equipment, and the fair value model rather than the historical cost model for investment properties. The willingness to use the revaluation model for subsequent measurement of owner-occupied properties and plant and equipment varies across different categories of companies, and we find a statistically significant relationship between that willingness and the legal form of the company. We also find that in the notes to their financial statements, a significant number of companies in Serbia do not disclose adequate information on the model used for subsequent measurement of property and plant and equipment, although such information is required by the applicable financial reporting standards.","PeriodicalId":35023,"journal":{"name":"Economic Annals","volume":"65 1","pages":"95-118"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68476542","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Parametric crop insurance against floods: The case of Bosnia and Herzegovina 洪水参数作物保险:波斯尼亚和黑塞哥维那的案例

Economic Annals Pub Date : 2020-01-01 DOI: 10.2298/eka2024083b

Bojan Baškot, Stanko Stanić

引用次数: 1

Towards a framework to understand the relative performance of state-owned firms 构建理解国有企业相对绩效的框架

Economic Annals Pub Date : 2020-01-01 DOI: 10.2298/eka2025011e

S. Estrin

{"title":"Towards a framework to understand the relative performance of state-owned firms","authors":"S. Estrin","doi":"10.2298/eka2025011e","DOIUrl":"https://doi.org/10.2298/eka2025011e","url":null,"abstract":"This paper considers the factors influencing the comparative performance of state-owned and privately-owned enterprises (SOE/POE). The economics literature has argued that firm performance is influenced by governance arrangements, leading to expectations of inferior performance from SOEs. Meanwhile, a political economy literature classifies countries according to the model of state engagement, which also has implications for SOE performance. We combine these two frameworks to provide a taxonomy. The first framework relating to governance concerns the relationship between owners and managers, the relationship between large and small owners, and the functioning of the managerial labour market. The second framework considers three types of model of state engagement: the Welfare State, the Developmental State, and the Predatory State. Each of the six resulting taxonomies yields distinct outcomes in terms of SOE versus POE performance. In all models, SOEs perform better in a better governance environment than in a worse governance environment, and this ranking is the same in Welfare States and Predatory States. However, in Developmental States with strong governance, SOEs may outperform POEs if they can benefit from superior state resources.","PeriodicalId":35023,"journal":{"name":"Economic Annals","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68476252","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Determinants of foreign exchange reserves in Serbia and North Macedonia 塞尔维亚和北马其顿外汇储备的决定因素

Economic Annals Pub Date : 2020-01-01 DOI: 10.2298/eka2026103b

Mile Bošnjak, Vlatka Bilas, Gordana Kordić

引用次数: 2

Determinants of institutional trust in transition economies: Lessons from Serbia 转型经济中机构信任的决定因素:来自塞尔维亚的教训

Economic Annals Pub Date : 2020-01-01 DOI: 10.2298/eka2025135d

Marija Džunić, Natasa Golubovic, Srdjan Marinkoviċ

{"title":"Determinants of institutional trust in transition economies: Lessons from Serbia","authors":"Marija Džunić, Natasa Golubovic, Srdjan Marinkoviċ","doi":"10.2298/eka2025135d","DOIUrl":"https://doi.org/10.2298/eka2025135d","url":null,"abstract":"This study aims to provide evidence on the drivers of institutional trust in transition economies. Trust in institutions is of critical importance for the consolidation of democracy, as well as for political and social stability. Bearing in mind the political developments during the transition, the fragile democracies of post-socialist countries have faced significant challenges in terms of declining institutional trust, leading to problems of legitimacy and government ineffectiveness. Therefore, the transition countries represent a fertile ground for testing the theories that explain the origins and dynamics of institutional trust. In this paper we explore the level of institutional trust in Serbia and test the alternative views on the determinants of trust in key institutions of cultural and institutional theories. The cultural perspective implies that the level of trust in institutions is dependent on citizens? long-standing and deep-seated cultural norms, while the institutional approach explains trust as the outcome of individual perceptions of institutional performance. In order to examine the cultural and institutional variables that explain trust in a set of public institutions in Serbia, we employ individual-level data from the Life in Transition Survey. The analysis is aimed at generating policy suggestions and measures that can raise institutional credibility.","PeriodicalId":35023,"journal":{"name":"Economic Annals","volume":"19 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68476402","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The influence of the Washington Consensus programme on the transitional economies of Eastern Europe - a firm-level analysis 《华盛顿共识》方案对东欧转型经济的影响- -公司一级的分析

Economic Annals Pub Date : 2020-01-01 DOI: 10.2298/eka2026009h

Peter Howard-Jones, J. Hölscher

{"title":"The influence of the Washington Consensus programme on the transitional economies of Eastern Europe - a firm-level analysis","authors":"Peter Howard-Jones, J. Hölscher","doi":"10.2298/eka2026009h","DOIUrl":"https://doi.org/10.2298/eka2026009h","url":null,"abstract":"This research explores the effectiveness of the Washington Consensus (WC) programme as a mechanism for improving national welfare in transition and emerging economies, using its internalisation by the European Union (EU) as a proxy. The results indicate that there is a positive benefit to firms with accession to the EU, leading to greater productivity improvement and performance advantages than in non-member states. Foreign direct investment directly benefitted those firms that became investees, with little evidence of spillovers to domestic companies. The vertical nature of the investment, with an emphasis on international production networks that utilise significant levels of foreign inputs, infers protection of intellectual property and a reduction in value added, with results indicating a failure to achieve an export multiplier. There is evidence of substantial benefits accruing to firms in receipt of loans, but the apparent paucity of their availability may imply market failure. The gains made by innovative firms do not appear to do justice to the initiatives undertaken and may indicate a dilution of national innovative capacity.","PeriodicalId":35023,"journal":{"name":"Economic Annals","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68476457","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The effects of volatility and changes in conditional correlations in the stock markets of Russia and developed countries 俄罗斯和发达国家股票市场条件相关性波动和变化的影响

Economic Annals Pub Date : 2020-01-01 DOI: 10.2298/eka2027067s

N. O. Salmanov, V. N. Babina, V. M. Samoshkina, P. I. Drachena, P. I. Salmanova

引用次数: 1

The mediating role of institutions in the remittance-growth relationship: Evidence from Nigeria 机构在汇款-增长关系中的中介作用:来自尼日利亚的证据

Economic Annals Pub Date : 2020-01-01 DOI: 10.2298/eka2027007a

I. Adekunle, T. Williams, O. J. Omokanmi, S. O. Onayemi

{"title":"The mediating role of institutions in the remittance-growth relationship: Evidence from Nigeria","authors":"I. Adekunle, T. Williams, O. J. Omokanmi, S. O. Onayemi","doi":"10.2298/eka2027007a","DOIUrl":"https://doi.org/10.2298/eka2027007a","url":null,"abstract":"This study examines the mediating role of institutions in the remittance- growth relationship in Nigeria. We use autoregressive distributed lag (ARDL) estimation to establish the interaction of the variables of interest. The short-run results reveal that remittance inflows positively influence growth, probably due to the immediate injection of financial resources that an increase in remittances brings about. This effect is reinforced by improvements in regulatory quality. In contrast the long-run results reveal that, over time, remittance inflows are negatively related to growth probably due to adverse macroeconomic consequences, to a decrease in work incentives, and a decline in the motivation for technological innovation. However, the adoption of improved institutional environment is found to offset the negative long-run effect of remittances on growth, at least to some extent. Therefore, remittance receiving countries should improve the design and enforcement of laws, regulatory quality, and control over corruption, so that they can make best use of remittance inflows and other sources of external financing needed to augment domestic productivity and growth.","PeriodicalId":35023,"journal":{"name":"Economic Annals","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68476143","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 8

The monitoring role of nonexecutive directors in Vietnam from a return-volatility perspective 从回报-波动的角度看越南非执行董事的监督作用

Economic Annals Pub Date : 2020-01-01 DOI: 10.2298/eka2024029t

Anh To Tho, Quoc Tran Tuan, Thi Tran Siem, Kim Thai Phong, Thi Ho Thu

引用次数: 0

Industrial production index - crude oil price nexus: Russia, Kazakhstan and Azerbaijan 工业生产指数-原油价格关系:俄罗斯，哈萨克斯坦和阿塞拜疆

Economic Annals Pub Date : 2020-01-01 DOI: 10.2298/eka2027119k

Fatih Kaplan, Ayşe Ünal

引用次数: 1