143 research outputs found
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Management Theory’s Impact on External Financial Reporting
Full text linkPrevailing threads of management theory over the past century provide an intriguing backdrop for major innovations in external financial reporting. Three prevailing management theories, the efficiency movement, the human resource movement, and the strategy movement, are first identified and discussed. Evidence demonstrates that financial reporting innovations coincided with the rise of these theories. Thus, the needs of management, and not merely investors, play a critical role in external financial reporting. The article concludes with an examination of the strategy movement’s continuing role in financial reporting through integrated reporting
Long-Run Risk of Dynamic Asset Allocation Strategies
Full text linkThis study uses empirical resampling to examine the risk of three of Perold and Sharpe’s (1988) dynamic asset allocation strategies--Buy and hold, Constant mix, and Constant Proportion Portfolio Insurance (CPPI). Generally we find greater risk from strategies with a greater proportion of common stock in the portfolio. The major exception is that for CPPI the shortfall probability relative to Treasury bills decreased as the proportion of common stock in the portfolio increased. Finally, despite the positive floor buy and hold places on portfolio value, buy and hold is less risky than constant mix only in a few cases
Does Management Forecast Guidance Impair the Usefulness of Analyst Forecasts in Firm Valuation?
Full text linkAnalyst earnings forecasts are an important input to the Residual Income Valuation model; however, these forecasts are subject to management guidance. This study examines the impact of forecast guidance on the usefulness of analyst earnings forecasts in firm valuation. It finds that valuation models estimated using guided forecasts have less ability to explain stock price (P) and predict future returns through V/P ratios than valuation models estimated using non-guided forecasts. These results provide evidence that forecast guidance reduces the usefulness of analyst forecasts in firm valuation and impairs the performance of forecast-based valuation models to predict firm value
Call for Business Research
Full text linkAdvances in Business Research is published by the College of Business at the University of Arkansas - Fort Smith. We aim to further the research boundaries of business and business education in all of the related disciplines. Advances in Business Research is a research journal that provides a forum for current thoughts, techniques, theories, issues, trends, and innovations in all of the business fields, including accounting, economics, finance, international business, management, marketing, entrepreneurship, leadership, and other related fields
Corporate Social Responsibility in the Oil Industry: A Comparison of the CSR Disclosure Behavior in BP and CNPC
Full text linkIn this paper, we discuss the corporate social responsibility (CSR) activities in UK and China by exploring the main differences of the CSR disclosure behavior between British Petroleum (BP) and China National Petroleum Corporation (CNPC). We find that the CSR disclosure reporting of CNPC needs to be improved in many aspects such as the disclosure form, the disclosure content quality, and the negative information disclosure, compared to that of BP. The lack of CNPC’s CSR disclosure could be attributed to poor CSR awareness of the public and companies in China, the inexperienced CSR development in China, and the defective legislation of Chinese laws and regulations on CSR reporting
Supply Chain Management Perspectives in the Public and Private Sectors
Full text linkBased on a recent survey of public and private procurement professionals in the Southwest United States, this study reports perspectives on supply chain management and perceptions regarding job-related importance of key supply chain management elements between procurement professionals in the public and private sectors. A survey structured around thirty key supply chain management elements and four unique perspectives of the relation between supply chain management and purchasing was used (Larson, 2009). As this exploratory study incorporated a convenience sample, the generalizability of the study findings is limited. However, despite this limitation, important findings emerged. Procurement professionals in the public and private sectors have different perspectives on organizational approach to supply chain management. Further, differences exist in the rating of job-related importance for the thirty key supply chain management elements between public and private sector participants
Emotional Intelligence: A Comparative Analysis of Two College Business Administration Programs
Full text linkA comparative study of two universities explores the emotional intelligence (EI) of students in two College of Business Administration (CBA) programs with contrasting missions, visions, and populations. This study investigates the extent to which EI test scores and sub-scales varied among two CBA student populations. Despite the differences between the two universities, no differences were evident in the EI abilities among the two CBA student populations. Further research will explore the extent to which universities can impact EI short and long-term through classroom interventions
Accounting Accreditation: Value Added Or Waste Of Resources?
Full text linkIn a forthcoming paper Everard, Edmonds, and St. Pierre (2014) question whether the AACSB has achieved its mission of recognizing excellence in business education and whether it has shown continuous improvement in its efforts since the change to a mission driven focus. In this paper, the authors expand on this topic and address the value of accounting accreditation from the perspective of the market it serves, whether accounting accreditation has diminished in value because of the quality of the programs being accredited, and whether accounting accreditation is an idea that has run its course. We conclude that since the move to a mission driven focus, the AACSB has diminished its brand, has failed in its ability todifferentiate quality accounting programs in the higher education market, and has not met its objective of continuous improvement for the organization itself. Unless changes are made in the organization, itsvalue in the higher education marketplace will diminish over time and the brand could become irrelevant
Gen Y in Public Accounting: A Conceptual Model of Retention
Full text linkThe incongruence between the characteristics of Generation Y employees and the nature of work and operating structure within the public accounting industry is analyzed. It is theorized that this incongruence will lead to increased turnover rates among Generation Y employees and create a tipping point in public accounting as Baby Boomers continue to retire. Ultimately, this creates a deficit of midlevel employees that could potentially lead to decreased performance among public accounting firms. A conceptual model of improved retention emphasizing balance and flexibility, building a sense of accomplishment, and fostering an environment of achievement and progression is proposed