Clute Institute: Journals
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Properties Of Analyst Forecasts And Bond Underwriting Relationship: Evidence From Korea
Get PDFPrevious studies find that analysts forecast earnings more optimistically but inaccurately when they face the conflict of interest (COI). We extend this line of research by examining whether analysts’ forecasting behavior affected by the mere existence of potential COI are related with underwriting contracts.We document that analysts affiliated with security companies that become underwriters ex post issue more optimistic but less accurate forecasts for firms to issue bonds in Korea. We also find that firms to issue bonds are likely to award underwriting contracts to security companies with analysts who issue more optimistic but less accurate forecasts.
Improving The Compliance With Accounting Standards Without Public Accountability (SAK ETAP) By Developing Organizational Culture: A Case Of Indonesian SMEs
Get PDFIn Indonesia’s economy SMEs have significant contribution to GDP and labor employment. On the other hand, SMEs still have substantial problems. One of them is related to capital insufficiency due to limited access of SMEs to financial institutions. This limitation may be caused, among other things, by the fact that SMEs’ financial statements have not complied with Accounting Standards without Public Accountability (SAK ETAP). The study aims at identifying antecedents of SAK ETAP implementation as well as formulating strategies to improve its implementation in SMEs. Five important antecedents of SAK ETAP implementation are organizational culture, education, exposure, age, and scale. Therefore, developing organizational culture by increasing SMEs’ exposure on socialization and training is a promising strategy. There is also a need for more intensive cooperation of various parties such as government, Institute of Indonesian Chartered Accountants (IAI), universities, SME association, and NGOs to improve both SMEs’ compliance with SAK ETAP and organizational culture. In addition, mobilization of academic staffs and accounting students to facilitate the implementation of SAK ETAP is worth-trying
The Effect Of Nostalgia On Service Failure
Get PDFNostalgia induced by savoring precious past experience helps a person feel loved and protected and may help them cope with loneliness. Generally, these positive, prosocial functions, which nostalgia provides, are derived from the content of the memories. However, recent research shows that the process of recalling nostalgic memories could have an important, but different impact on consumers' behavior.
When people face nostalgia through the recollection of positive experience and become aware of its non-repeatability, they seek to enjoy and prolong the experience. Due to the motivation to savor nostalgic experiences, people are likely to be more tolerant of waiting. To this extent, the inclination to reminisce about past experiences motivates people to be more accepting of, thus less dissatisfied with service failure.
Unlike other research focusing on social functions of nostalgia, we examine the effect of nostalgia to a particular service failure: delayed shipping. Nowadays, on-line retailers that use a delivery service is commonplace. Therefore, we believe our research will give critical implications about the effects of nostalgia on service failure. We theorize that nostalgia could have a positive effect on consumer patience, especially for delayed shipping, and the distance to a nostalgic memory affects consumer patience and dissatisfaction. Two studies have confirmed these effects
A Study On Accounting Conservatism Of Capital-Raising Corporations
Get PDFVarious factors affect conservative accounting of corporations. Most of all, this paper focuses on the factor of corporate capital raising. One of the important roles of conservatism is that companies conduct conservative accounting to cut the agency costs due to information asymmetry. Managers may desire excellent management performance and stable financial condition. Depending on circumstances, they seek to improve management performance and financial condition by choosing a proper accounting method. That is, they have incentives to carry out less conservative accounting. Companies that raise capital may have stronger incentives to take such an accounting method. On the contrary, if a capital market monitoring system works properly, corporations would conduct conservative accounting to reduce the agency costs. The results of the empirical analysis reveals that the Korean listed companies raising capital choose less conservative accounting than those that do not raise capital. This indicates companies without financing conduct conservative accounting more than those with
Stock Market Volatility And Presidential Election Uncertainty: Evidence From Political Futures Markets
Get PDFUncertainty about the economy can increase volatility in financial market returns. One potential source of uncertainty is the outcome of an upcoming national election. This paper uses a GARCH model to estimate the effect of uncertainty surrounding U.S. Presidential elections on the volatility of U.S. stock market returns from 1992-2012. Uncertainty in these elections is measured using asset prices from the Iowa Electronic Market (IEM), an on-line futures market based on real-world events, including U.S. elections. The empirical results show that the conditional variance in S&P 500 returns increases when IEM presidential election futures market asset prices indicate greater uncertainty about the outcome of an upcoming election
Advice To A New Journal Editor
No full textOn April 14, 2017, the scholarly discipline-based education research community lost all-too-soon one of its innovative thought leaders, Ronald C. Clute (1944-2017). After a successful career in traditional University academia, Dr. Clute (Ph.D. Notre Dame) became one of the first highly successful alternative academics, alt-ac, by starting and nurturing the Clute Institute as a family-run, academic publishing company that today serves as a national model for helping scholars distribute their work internationally. Always generous with advice, some of the most important ideas he shared with new editors were to: (i) Invest in authors with great ideas, even when the writing is lousy; (ii) If a submission isn’t a great idea, don’t bother already too-busy reviewers with it; (iii) Plan on revising authors always being slower at responding than reviewers; (iv) Allocate more time to growing and nurturing your reviewer pool than you think; (v) Increase submissions by being visible at meetings and talking to presenters and (iv) run a formative review process that makes papers better rather than a summative rejection service. These ideas are offered in respect for his longstanding work
The Flipped Classroom: Implementing Technology To Aid In College Mathematics Student’s Success
Get PDFAugust 2016 there was a call (Braun, Bremser, Duval, Lockwood & White, 2017) for post-secondary instructors to use active learning in their classrooms. Once such example of active learning is what is called the “flipped” classroom. This paper presents the need for, and the methodology of the flipped classroom, results of questionnaires on student perceptions, as well as quantitative data on student performance
Auditing Communication Effectiveness In Higher Education: A Team-Based Study By MBA Students
Get PDFA regional University in the United States implemented an AQIP (Academic Quality Improvement Program) Action Project with a goal of developing processes for effective leadership communication. An MBA (Masters of Business Administration) class conducted a university-wide communication audit to assist with the AQIP project. Quantitative and qualitative data were collected, analysed and presented to the AQIP Task Force. The audit was a win-win opportunity for the students and broader university community. University leadership learned about communication strengths and opportunities within the organization and received recommendations on ways to strengthen communication in the areas of communication channels, information flow, and feedback. As a result, the Task Force implemented tools and processes to enhance communication within the University. The audit also provided MBA students with an opportunity to connect classroom theory with workplace practice. As a result of this service-learning project, students acquired knowledge about organizational communication, worked collaboratively with University employees and practiced communication skills as they developed and defended decisions and recommendations.
Influencing Positive Outcomes For Troubled Youth
Get PDFThe BHB Theory (Haggis, 2011) is based on an empirical case study that examined teachers’ perceptions of what they do in their educational settings to create a positive learning environment for troubled youth in their classrooms. Research - including this study - indicates a need for transformational change in how teachers interrelate with students in education environments intended for at risk-youth. Traditionally, approaches to working with troubled youth have been punitive in design. Research indicates that this approach is counterproductive and that teachers have the opportunity to build capacity for success with at risk-youth through the use of peers; building social competencies; role modeling; relationship building; setting high expectations and fostering student strengths. Understanding what effective teachers working with troubled youth do to create a positive learning environment in their classrooms is critical for identifying factors that influence a positive outcome for students in such programs. The descriptive case study described utilized a mixed methods approach using teachers within two residential schools. The BHB study’s data analysis discovered that there was significant agreement among the teacher participants of the study about factors perceived as strongly influential in creating a positive learning environment for their students. Consistent with prior research, these factors included providing a classroom atmosphere that supports positive peer relationships, setting high expectations for student success, encouraging students to take responsibility for their own actions, strong relationship building and generating an environment of trust and respect. Recommendations for strengthening teacher practice are offered.
Cohort-Specific Online Discussion Experiences: A Collaborative And Multidisciplinary Approach To Improving Student Learning
Get PDFResearch addressing the effects of cohort size on student success in asynchronous online discussions is sparse. As such, the following study attempted to determine an optimal student cohort size to enhance success and engagement within online discussions in general education courses at a large post-secondary university consisting of predominately adult learners. Experimental courses split mandatory discussions into one, two, or three cohorts to maintain a discussion size of no more than ten students per cohort per week. The effects of cohort size on student grade-point-average (GPA), withdraw rate, fail rate, and progression rate was evaluated in addition to effects on student satisfaction as measured by end-of-course surveys (EoCS). Results showed no significant difference in either student success or student satisfaction between courses with one, two, or three online discussion cohorts. Future online education research should focuses on upper division courses where students might benefit from smaller group discussions