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Disentangling The Effects Of The Employee Benefits On Employee Productivity
Get PDFThis study aimed to investigate the effects of employee benefits on employee productivity. There are conflicting views, positive and negative, with regard to the effect of employee benefits on employee productivity. Overall, we found that employee benefits have a positive impact on employee productivity through the embodied effect (direct effect). Specifically, according to a workplace panel survey in Korea conducted between 2005 and 2009, an increase of one unit in employee benefits leads to an increase of employee productivity by about 7.9%. In addition, we found that such effect is stronger in the manufacturing industry than in the non-manufacturing industry. Although there is no difference in the effect of benefits between large firms and small and medium-sized firms, the labor-embodied effect is stronger in large firms, and the capital-embodied effect is salient in small and medium-sized firms
Do Financial Analysts Facilitate Investors’ Assessment Of Earnings?: Evidence From The Korean Stock Market
Get PDFThis paper seeks to enhance our understanding of financial analysts in assisting market investors’ use of accounting earnings in the Korean stock market. We examine whether stock returns differentially reflect earnings information for firms with analyst coverage. We propose that the role of analysts as external monitors as well as information intermediaries enhances the market investors’ valuation of earnings. We find that market valuation of earnings is higher for firms with analyst following. Furthermore, market investors’ valuation of earnings increases (or decreases) with the number of analysts (or with the dispersion of analysts’ forecasts). This suggests that the beneficial effect of analysts arises through the quantity and quality of analysts’ information. This study contributes to the literature by investigating the important role of analysts in emerging market
Non-Audit Services And The Persistence And Market Pricing Of Earnings: Evidence From Korea
Get PDFWe examine the effects of the concurrent provision of audit and non-audit services on auditor independence using earnings persistence, which is one of the qualitative properties of earnings, as well as related market responses. Empirical results are as follows. First, the accruals persistence of the group that is concurrently provided audit and non-audit services in many cases is shown to be lower than that of the group that is not concurrently provided audit and non-audit services. Second, the phenomenon of low accruals persistence of the group that is concurrently provided a lot of audit and non-audit services is shown to be overestimated in the market. This study contributes to existing research in three main respects. First, from the viewpoint of earnings persistence, it is verified that rather than whether non-audit services are provided or not, the level of non-audit services acts as an important factor in determining damage to auditor independence by the concurrent provision of audit and non-audit services. Second, in relation to market rationality, whether the market appropriately reflects changes in the persistence of earnings and accruals according to whether non-audit services are provided or not is analyzed. Third, through additional analysis, it is verified that differences in the persistence of earnings and accruals among groups that are concurrently provided audit and non-audit services vary with the audit environment
Participative Budgeting, Budgetary Slack And Job Satisfaction In The Public Sector
Get PDFThis study explores the relationship of participative budgeting on budgetary slack in the public sector in Indonesia, by examining the roles of job satisfaction on these variables. A total of 185 budget managers of regional work units in the in North Maluku province government, Indonesia, participated in the survey. The effective rate of return was 82.52 percent. A structural equation modeling was used to examine the direct and indirect effects of participative budgeting on budgetary slack. In particular, the study gives empirical evidences that participative budgeting factors affect budgetary slack mediated by intervening variables factors of job satisfaction. The results revealed the significantly negative effect of participative budgeting on budgetary slack, the significantly positive effect of participative budgeting on job satisfaction. This result affirmed the significantly negative impact of job satisfaction as a mediating variables on budgetary slack. However, the results could not find the indication of moderating effect of job satisfaction in the relationship of these variables
Key Factors Influencing Pricing Strategies For Small Business Enterprises (SMEs): Are They Important?
Get PDFPrice is a critical component for any business and can be crucial in the survival of the business. If the price is not set in line with the selected target market it can negatively impact on the product and the company’s profitability. The main goals of any profit seeking organisation is to make a profit and in order to achieve this goal all areas related to the management of the product, costs and the setting of the price need to be managed correctly. The primary aim of this study was therefore to investigate the factors considered by small business enterprises (SME’s) when developing their pricing strategies. To address this problem adequately, the research methodology was based on the primary data collected from South African SMEs. As SME’s show common traits all over the world, it is accepted that any findings will be universally applicable. A questionnaire was distributed to 88 SMEs to gather relevant data regarding factors considered when determining prices. The data was quantified and analysed by examining the frequency of occurrences and the importance of the problem. The study found that SME’s generally agree that price setting is influenced by competitor information and macro environmental factors such as fuel prices and inflation. There was a general agreement amongst the SME’s that consumers relationships and the benefits that they, the consumers enjoy form the product as well as product performance are important aspects to consider when determining prices.
Fair Value Accounting And Financial Stability – Based On The Adoption
Get PDFFair value accounting refers to the accounting method which an asset or liability is estimated based on the current market price, so called fair value. Under the fair value accounting, it is more difficult for managers to hide bad information, because the value of an asset or liabilities is re-estimated periodically to reflect the changes in fair value in the market. In this case, firms’ financial stability will be increased. On the other hand, fair value accounting can intensity the volatility of the numbers in the financial statement, which leads to decreases the financial stability. This papers empirically examines the effect of the fair value accounting on the financial stability based on the IFRS adoption in Korea. Using the non-financial firms listed in KOSPI and KOSDAQ from 2000 to 2013, we find that the expansion of fair value accounting increases financial stability. The results support the argument that fair value accounting prohibits managers from hiding bad information, rather it enforces the disclosure of value-relevant information to the investors. The results are consistent with a battery of robustness checks. Thus, the overall results show that the expansion of fair value accounting increase financial stability.
The Effect Of Debt Choice On Firm Value
Get PDFThis study aims to verify the effects of different methods of debt financing on firm value. The most common methods used by firms to finance its operations are directly issuing corporate bonds in the capital market and borrowing through financial institutions such as banks. From the accounting perspective, there is no difference between corporate bonds and bank loans. However, from the economic perspective, corporate bonds and bank loans are different in terms of their characteristics. This study conducts with the assumption that the attributes of the type of debt selected determine its impact on firm value. The results indicate that firms that use corporate bonds more frequently than bank loans have a higher value.
The Positive Outlook Of The Last In First Out Inventory Methods
Get PDFUntil very recently, the Last In First Out method (LIFO) was under severe scrutiny from the financial community, and its repeal as an acceptable accounting method seemed imminent. There were pressures from the Securities and Exchange Commission and the International Financial Accounting Standards Board to standardize accounting standards worldwide. In addition, there were political pressures imposed by US Congress to raise additional revenues. Both groups strongly oppose LIFO. However, an SEC Report issued in July 2012 has greatly renewed the lifeline of LIFO indefinitely. In the unlikely case of its ultimate repeal, the author presents some tax opportunities available in this transition period
Entrepreneurial Educators: A Narrative Study Examining Entrepreneurial Educators In Launching Innovative Practices For K-12 Schools
Get PDFThe purpose of this study was to examine the entrepreneurial orientation reflected in the experiences of seasoned entrepreneurial educators as they reflect on the development of their innovative practices. The researcher used the Entrepreneurial Orientation of Lumpkin and Dess (1996) as a theoretical lens to accompany interpretive research perspective. An in-depth literature review revealed many differing definitions of entrepreneurship and few ideas on educational entrepreneurs. A qualitative approach was selected to gain data through the use of artifact collection and open-ended interviews. Data was analyzed using the three-dimension space approach model of Clandinin and Connelly (2000). Individual participant profiles were created before a collective restory was made. Five participants who were purposefully selected as being educational entrepreneurs were used. Based on the data, six themes, and additional subthemes emerged. The findings partly agreed with Lumpkin and Dess’s (1996) Entrepreneurial Orientation. The study found that educational entrepreneurs are: risk-takers, innovators, proactive, built on prior positive experiences, had difficulties starting, and were collaborative
Undergraduate Research As A Fate Accompli: Innovation And Evolution Of A Student Conference In Business
Get PDFThe benefits of undergraduate research continue to receive academic attention and it is becoming an engaged learning practice present on many college campuses today. As research participation grows, an opportunity exists to showcase the work being accomplished and to use this public presentation to foster a culture of undergraduate research on campus, lobby for additional funding, and increase student and faculty participation. We describe the innovation and evolution of a student conference in business, sharing lessons learned and measureable results for the ten years this conference has been in place