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Annual Report Readability And Corporate Bankruptcy
Full text linkThis study investigates the relationship between a firm’s annual report readability and its probability of bankruptcy. Findings show that firms with a larger 10-K file size have a higher probability of bankruptcy. More specifically, we suggest that there is a curvilinear relationship between annual report readability and bankruptcy probability. However, this relation is not significant for small firms. We further suggest that annual report readability has incremental power in predicting corporate bankruptcy. While prior accounting and finance research mainly used financial and accounting ratios as predictive variables of firm bankruptcy, we add a new non-financial predictive variable to these models
Target Setting And Firm Performance: A Review
Full text linkThe consequences of missing targets can be found on a daily basis in many organizations. As such, targets and target setting in an extremely important topic to companies and one that should receive more attention.
Although the vast amount of reasons for missing targets are difficult to study, the process of setting the target which includes budgeting has been proven to affect performance and achievement through goal setting theory (Locke & Latham, 2002). Thus, targets are an important element in almost every organization (Chenhall, 2003).
We focus this review of literature exclusively in the relationship between target setting and firm performance and as such consolidate, organize, and synthesize past literature in this field and provide a clear direction for future research. We further identify two impactors found to affect firm and management performance but never researched as an impactor of the relationship between target setting and firm performance. Those impactors are Transparency of targets and length of management experience.
In this paper, we fill the gaps identified above and inform the study of target setting in order to spark future research on this topic. We also identify the dimensions affecting the relationship between target setting and firm performance as well as the different measurement approaches in target setting literature
Working Condition On Employee Quality Of Life Outcome: Perspectives From Pandemic COVID-19
Full text linkDuring the COVID-19 Pandemic, there were changes in work patterns such as work from home. The impact of the change in work from home patterns needs to be of concern to the organization. Working conditions that are not conducive to overcoming these changes in work patterns can lead to deviance in employee behavior due to mental health. This study investigates the effect of working conditions on the quality of life of employees. The research method used a survey approach with non-parametric analysis techniques. It is testing using a sample of 201 employees of respondents with a simple random sampling technique in local governments that handle transportation problems in West Bandung regency. The results indicated a significant influence of the work environment on the quality of life of employees. This result indicates that the presence of a work environment that is less conducive has a significant impact on the quality of life of employees, as indicated by the presence of anxiety and depression. The research implication shows that it is necessary to minimize existing work-related mental health by managing an efficient work environment
A Phenomenographic Analysis Of Students’ Experience Of Geological Time
Full text linkGeological time is by many geoscience instructors considered a threshold concept for geoscience students, being a central concept for how we experience geosceince phenomena that takes place on a spatio-temporal scale ranging from micro (e.g. cloud formation) to macro (e.g. plate tectonics). If one wishes to understand geoscience phenomena that goes beyond human perception, one must move from the concrete toward the abstract—from experiencing a phenomenon with one’s senses toward an experience of the phenomenon that is based on an mind construct; we refer to such competency as disciplinary spatio-temporal competency (DSTC). The purpose of this study is to gain an understanding of how first-year students in a geoscience program in Sweden experience and represent the phenomenon of geological time, i.e. to capture their DSTC. Analyazing data from three semi-structured group interviews using a phenomenographic approach revealed how the students express geological time through their language, their gestures, and their visualizations. From the result in this study, including four qualitatively different themes, or categories of description, it is possible to conclude that the students' way of expressing geological time give rise to exciting interpretations and we believe that these expressions can provide information also about how students experience (and learn about) geological time. We report that through students’ illustrations and discussions, students experience geological time as something more than a static one-dimensional straight line. The data analysis shows that students connect geological time with spatio-temporal aspects from various geosientific phenomena, one example of such an dynamic description of geological time is “One simply fills it with more information” indicating that the students experience geological time as two-dimensional (space and time)
Executive Education, Gender, And Firm Performance: Evidence From China
Full text linkWe explore the relationship between the education and gender of executives and firm performance using mainland China firm data. We find that executive education is positively associated with a firm’s market performance. However, this positive relationship is not moderated by executives’ gender. Our research result is consistent with the existing literature that firm market value increases with executive education, and that executive gender does not matter in terms of the relationship between higher education and firm performance
Using Astronomical References For Biblical Dating Of Noah’s Deluge And The Destruction Of Solomon’s Temple
Full text linkIn recent years, the astronomy teaching community has been called upon to include more cultural aspects of the influence of astronomy across the world in university courses. As an important component connecting the science of predictable sky alignments with historical human events, students studying the history of science and astronomy often find it cognitively challenging to recognize the fact that till the 16th century AD the most fundamental picture of the planetary system had been distorted with the sun considered to be the fourth planet of the earth rather than the center of our modern planetary system. Similarly, students are often amazed in realizing that the vast majority of all professional and knowledgeable astronomers had also believed that planets control the destiny of all human beings,and, in particular, in predicting extreme events. In this presentation, we concentrate on such impacts of astronomers who stood behind the determination of the chronology of the Bible. Having illustrated that the ancient astronomers believed that when the Sun, the Moon, and the first point of Aries form a straight celestial line, important historical events described in the Bible could be revealed, and one could systematically examine the relative positions of these three celestial objects when events would occur and symbolize for the sages the end of an era. We first describe how the largest celestial separation between the sun, the moon, and the Vernal Equinox (VE) was identified by the writers of the chronology to occur in association with the destruction of Solomon’s Temple; and then we illustrate the additional result that such a separation was also made to be associated with a biblical flood
Audit Quality And Earnings Management: Evidence From Shanghai Stock Market In China
Full text linkThe prior studies report that the global big4 audit firms (Big4) generally provide higher quality audit services compared to the local audit firms, but inconsistent result on audit quality of the Big4 audit firms was observed in the Chinese stock market. We believe that it may be not appropriate to distinguish high or low audit quality as separating the Big4 and non-Big4 because the market share of the Big4 and non-Big4 on Shanghai stock market is considerably lower than that of other countries. Therefore, we use the measure of Chinese big10 audit firms (Big10) as higher audit quality and examine the association with the level of earnings management using the sample of Shanghai Stock Market listed companies in China. From the empirical tests, we find that the Big10 provide better audit service to prevent their clients’ earnings management than non-Big10 audit firms. The finding of this study demonstrates the Big10 provide differentiated audit service from non-Big10 audit firms on Shanghai stock market in China
An Assessment Of Instruments Utilised By Export Promotion Agencies In Eastern Africa
Full text linkThis study identifies the export promotion instruments that are applied by public export promotion organisations situated within the East African Community (EAC) countries to stimulate exports and encourage economic growth. The East African region is the fastest developing region in Africa. EAC member countries are, therefore, used as a case study. How export promotion instruments are bundled by export promotion organisations depends on the socioeconomic, political and trade environment of a country as well as the structure of the country’s export promotion agencies. By utilising primary and secondary data, public export promotion organisations of Burundi, Kenya, Rwanda, Tanzania and Uganda were studied. These general and country-specific instruments were identified through onsite interviews in the respective countries under investigation. The results suggest that the most important export promotion instruments applied include advertising, promotional events, advocacy and legal assistance. It also includes capacity building concerning packaging, pricing and quality requirements within foreign markets as well as assistance concerning planning and preparation for export market engagement. Foreign trade missions, trade fairs, expos, and additional services offered by trade offices and representatives abroad are also general export promotion instruments, as is the provision of information and export financing. Country-specific export promotion instruments identified during onsite interviews in the various countries include unique promotional events and product branding, use of cell phone WhatsApp groups and embassies as a channel for information, trade assistance and trade clinics. Our contribution to the field is that this study is foundational and represents the first comprehensive effort to write up these activities of the EPO’s to establish viable research in the EPOs in the East Africa Region
Does Communication Between External Auditors And Those Charged With Governance Positively Affect Corporate Social Responsibility? Evidence From Korea
Full text linkWe examine the effect of communication between external auditors and those charged with governance has on corporate social responsibility (CSR), focusing on amendment of the Act on External Audit of Stock Companies of Korea which emphasizes communication. We find that higher frequency of communication increases CSR, with faceto- face meetings having a stronger positive effect than text-based. This finding emphasizes the need for auditors to actively communicate face-to-face with those charged with governance, as this will increase the auditors’ accurate grasp of the firm and improve the quality of the audit services and financial reporting, leading to improved CSR
An Analytical Model Of Audits In Disclosure Of Pro Forma Earnings
Full text linkFirms have discretion on financial reporting under Generally Accepted Accounting Principles or GAAP. The proliferation in recent years of earnings metrics that deviate from GAAP figures confounds investors' ability to compare firm financial performance. Non-GAAP (or pro forma) figures usually do not include certain balance sheet or income statement items that are required under GAAP. Regulators and accounting standard-setting body are concerned that pro forma financial measures have been used by management to mislead investors by overstating or smoothing earnings or to meet Wall Street earnings expectations. On the other hand, management asserts that by excluding certain nonrecurring and noncash items, pro forma earnings are more relevant in measuring firm performance. Indeed, prior empirical studies provide evidence that certain pro forma measures may have incremental information content over GAAP earnings. Pro forma earnings are typically unaudited and the quality of disclosures accompanying such measures varies across firms. This paper develops an analytical (mathematical) model to examine whether firms will exhibit higher credibility through auditor selection when disclosing pro forma earnings. This study extends prior empirical literature by providing an analytical perspective on the importance of attestation performed by auditors regarding pro forma earnings. The model in this study suggests that managers who possess superior information than shareholders in an asymmetric information setting and expect high future earnings are more likely to engage large auditors when disclosing pro forma earnings. As such, the model may explain the voluntary disclosure of accounting information by managers in capital markets