International Journal of Accounting, Auditing and Performance Evaluation最新文献_第8页

Intellectual capital and profitability in European football clubs 欧洲足球俱乐部的智力资本和盈利能力

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2015-05-12 DOI: 10.1504/IJAAPE.2015.068862

Panagiotis E. Dimitropoulos, Evangelos P. Koumanakos

{"title":"Intellectual capital and profitability in European football clubs","authors":"Panagiotis E. Dimitropoulos, Evangelos P. Koumanakos","doi":"10.1504/IJAAPE.2015.068862","DOIUrl":"https://doi.org/10.1504/IJAAPE.2015.068862","url":null,"abstract":"The scope of this study is to examine the impact of intellectual capital on the profitability of European listed football clubs which are characterised as a human intensive industry. Selecting a sample from nine European countries over the period 2005-2010, the paper incorporates panel data methodologies in order to examine the impact of intellectual capital (measured via the value added intellectual coefficient - VAIC) on the financial performance of listed football clubs. Evidence indicates a positive association between intellectual capital and profitability. Specifically, the human capital efficiency indicator presents the most significant association with profitability, suggesting that managers who spent more on their employees (players, technical staff, etc.) add higher value to the organisation which leads to enhanced financial performance. This study can provide the impetus for managers and regulators to consider the management and reporting of IC components on a regular basis as an additional tool for alleviating the immense financial problems of European football clubs.","PeriodicalId":35413,"journal":{"name":"International Journal of Accounting, Auditing and Performance Evaluation","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJAAPE.2015.068862","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66767919","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: 17

Value relevance of discretionary accruals under environmental uncertainty: the incidence of IFRS and the country's legal regime 环境不确定性下可自由支配应计利润的价值相关性:国际财务报告准则的影响和国家的法律制度

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2015-05-12 DOI: 10.1504/IJAAPE.2015.068868

D. Cormier, M. Ledoux, Guy Villeneuve

引用次数: 4

The effect of board and chairperson independence: an examination of CEO dismissal in Australia 董事会和董事长独立性的影响:对澳大利亚CEO解聘的考察

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2015-05-12 DOI: 10.1504/IJAAPE.2015.068867

Will Mackay, Y. Shan, B. Howieson

{"title":"The effect of board and chairperson independence: an examination of CEO dismissal in Australia","authors":"Will Mackay, Y. Shan, B. Howieson","doi":"10.1504/IJAAPE.2015.068867","DOIUrl":"https://doi.org/10.1504/IJAAPE.2015.068867","url":null,"abstract":"The purpose of the paper is to examine the effectiveness of board and chairperson independence as a corporate governance mechanism. We examine 4,637 Australian firms over the period 2004 to 2008. The study presents a multinomial model of CEO dismissal. Our results indicate that independent chairpersons alone are not sufficient to discipline CEOs by dismissal, whereas independent boards are more likely to dismiss a CEO than non-independent boards. We also find that the impact of independent boards becomes more pronounced when independent boards are accompanied by independent chairpersons. The findings imply that board independence and chairperson independence can be powerful corporate governance tools the effects of which are greater if both board and chairperson are independent. These findings support the efforts by the ASX and other regulators to implement independence principles with respect to the disciplining of senior management. This study provides an initial empirical examination of the joint relationship of board and chairperson independence in an Australian context.","PeriodicalId":35413,"journal":{"name":"International Journal of Accounting, Auditing and Performance Evaluation","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJAAPE.2015.068867","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66767980","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

IFRS compliance and audit quality: evidence from KSA 国际财务报告准则符合性和审计质量:来自KSA的证据

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2015-05-12 DOI: 10.1504/IJAAPE.2015.068869

Qasim Zureigat

引用次数: 5

A cautionary alert - limited investors' guidance by small companies: as evidenced by FIN 48 related Topic 11.M disclosures within micro cap firms 一个警示性警告——小公司对投资者的指导有限:fin48相关议题11证明。微市值公司内部的信息披露

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2015-05-12 DOI: 10.1504/IJAAPE.2015.068863

Linda Campbell, M. Pitman

引用次数: 0

The evolving role of environmental management accounting in internal decision-making: a research note 环境管理会计在内部决策中的演变作用:一份研究报告

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2015-03-17 DOI: 10.1504/IJAAPE.2015.068081

A. Marelli

{"title":"The evolving role of environmental management accounting in internal decision-making: a research note","authors":"A. Marelli","doi":"10.1504/IJAAPE.2015.068081","DOIUrl":"https://doi.org/10.1504/IJAAPE.2015.068081","url":null,"abstract":"In this article, the presence of an evolution in environmental management accounting (EMA) is discussed. The study checks the role of information from EMA following the Schaltegger et al. (2000) scheme, and it discusses the reasons for using EMA information in decision-making. Using interview data, archival sources and questionnaires, this study analyses internal decision-making in nine multinational companies. The companies use environmental reports, are defined as higher polluting plants, and are well-known in Europe. The novelty is that this study investigates the middle managers' observations on EMA information for their daily management. It highlights the extent of EMA information application in business settings and evaluates environmental performance influence on decision-making. This study suggests that managers value EMA information as important for improving company image, business efficiency and environmental targets. It reveals that EMA information is becoming a major support for internal management. The importance of monetary environmental performance measures is slowly increasing even if it is not completely formalised and well-framed. This article intends to give a contribution to the academic and professional debate, and offers novel evidence on middle managers' practices in solving environmental issues.","PeriodicalId":35413,"journal":{"name":"International Journal of Accounting, Auditing and Performance Evaluation","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJAAPE.2015.068081","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66767885","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

Differences in earnings management between audited and non-audited private manufacturing firms: evidence from Greece 审计和非审计私营制造企业盈余管理的差异:来自希腊的证据

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2015-03-17 DOI: 10.1504/IJAAPE.2015.068080

Vasileios Zisis, John Sorros

{"title":"Differences in earnings management between audited and non-audited private manufacturing firms: evidence from Greece","authors":"Vasileios Zisis, John Sorros","doi":"10.1504/IJAAPE.2015.068080","DOIUrl":"https://doi.org/10.1504/IJAAPE.2015.068080","url":null,"abstract":"Using the level of discretionary accruals as a proxy of earnings management, we provide empirical results related to the extent of earnings management among a sample of audited and non-audited non-listed manufacturing Greek firms. In accordance with our expectations of the importance and the effect of external auditing on financial reporting, we observe that private firms that are obliged to provide non-audited financial statements report higher (lower) levels of discretionary accruals during upward (downward) earnings management compared to audited private firms. Moreover, we provide evidence consistent with the argument that some non-audited firms that are close to satisfying the criteria of statutory audit manage earnings in a direction that helps them miss the accounting related criteria. However, we fail to detect that external auditing confines the use of abnormal accruals in cases of debt issue. This result also contradicts our expectation that the low level of financial transparency that is driven by the non-publication of interim financial statements will demotivate private firms to manage earnings when raising debt capital.","PeriodicalId":35413,"journal":{"name":"International Journal of Accounting, Auditing and Performance Evaluation","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJAAPE.2015.068080","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66767867","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: 2

Human capital, pension information and firm valuation 人力资本、养老金信息与企业估值

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2015-03-17 DOI: 10.1504/IJAAPE.2015.068077

Yan Li, Thomas W. Scott

{"title":"Human capital, pension information and firm valuation","authors":"Yan Li, Thomas W. Scott","doi":"10.1504/IJAAPE.2015.068077","DOIUrl":"https://doi.org/10.1504/IJAAPE.2015.068077","url":null,"abstract":"We demonstrate that the reported pension information in the notes to financial statements captures human capital, in addition to the compensation expense and accounting assets/liabilities information that it is purported to represent. In explaining prices (returns), we document that the service cost for defined benefit pension firms and the pension cost for defined contribution pension firms have consistently positive coefficients that can be attributed to capturing the sustainability (growth) of human capital. This finding confirms the existence of service cost anomaly and extends to pension cost for defined contribution plans. The human capital hypothesis is supported by the finding that the coefficients of service cost (for defined benefit plans) and pension cost (for defined contribution plans) are more (less) positive for firms that are likely to have more (less) sustainable human capital. Further, in a balance-sheet-based analysis where service cost is absent, the valuation of pension assets and liabilities is biased by the omitted human capital variable. Our results are robust to sensitivity tests taking into account multi-collinearity, scale effects, standard errors, outliers, and omitted variables.","PeriodicalId":35413,"journal":{"name":"International Journal of Accounting, Auditing and Performance Evaluation","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJAAPE.2015.068077","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66767793","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

Valuation of various media advertising expenditures - UK perspective 各种媒体广告支出的估值——英国视角

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2015-03-17 DOI: 10.1504/IJAAPE.2015.068075

Maqsood Iqbal Qureshi

引用次数: 1

What drives value relevance? The visibility effect in the adoption of a new accounting standard 什么驱动价值相关性?采用新会计准则的可见性效应

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2014-12-19 DOI: 10.1504/IJAAPE.2014.066394

Marco Fasan, Giovanni Fiori, R. Tiscini

{"title":"What drives value relevance? The visibility effect in the adoption of a new accounting standard","authors":"Marco Fasan, Giovanni Fiori, R. Tiscini","doi":"10.1504/IJAAPE.2014.066394","DOIUrl":"https://doi.org/10.1504/IJAAPE.2014.066394","url":null,"abstract":"This article contributes to the literature on the reasons that drive changes in financial information value relevance after the issuance and implementation of a new accounting standard. Currently, value relevance changes are explained through the lens of the reporting location literature, which points to the increased transparency of the reports as the main driver of value relevance increases. We empirically analyse the changes in the value relevance of other comprehensive income (OCI) after the issuance of IAS 1 Revised in continental Europe, and we discuss the role of visibility of accounting standards (the visibility effect) in explaining value relevance changes. We also test whether firm size and the regulatory quality of the country in which a company is listed drive the results. This study may be of interest to investors and standard setters, given the role that they play in increasing the environment of information. One of the implications of the visibility effect hypothesis is for standard setters to pay more attention to the way standards are communicated and made public to market participants.","PeriodicalId":35413,"journal":{"name":"International Journal of Accounting, Auditing and Performance Evaluation","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJAAPE.2014.066394","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66767738","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: 3