2,669 research outputs found
Inflation, taxes, and optimal inventory policies
No full textThis study employs an alternative stochastic model which offers important advantages over those proposed by Cohen and Pekelman, and Biddle and Martin. Rather than optimizing with respect to a single order-up-to level determined at the start of each year, the model permits a second order at year-end. This achieves greater descriptive validity by allowing intrayear (as well as interyear) cost changes and additional purchases after demand has been assessed. More important, there is a greater sensitivity to the effects of tax incentives on year-end procurement decisions and a smaller likelihood of year-end stockouts (which unrealistically affect tax incentives by drastically altering inventory cost structures).
As a result, the model is uniquely suited for an examination of optimal choices among alternative inventory costing methods and the optimal ordering policies under each. In this study we extend the model to include not only LIFO and FIFO but also AC, a method not previously considered in order quantity models.link_to_subscribed_fulltex
GC-FID data of biocatalytic esterification reactions & NMR data of lignin characterization
No full textTabulated chromatographic data (GC-FID) from butyl butyrate esterification reactions. 13C and 31P NMR data from pine kraft lignin (BIOPIVA 100) and cationic pine kraft lignin. A list of sample code identifiers with their descriptions is available upon request from the author.<br
Comments on Plenary Session by James G. March and Anthony G. Hopwood
No full textThe main focus of this article is to provide follow up discussion on two papers presented by Anthony Hopwood and James March. The breadth of this discussion concentrates on two themes introduced in the Hopwood and March papers.
The first theme introduced is for individuals in teaching and textbooks to “account for accounting practice.” It is proposed that managerial accounting topics should not be presented in isolation with their value assumed but rather made clear that these applications form a part of a complex fabric of informational and organizational structures. Hopwood proposed that managerial accounting should be viewed through a lens that recognizes the roles played by culture, regulation and politics, which in turn recognize the role management accounting systems has had in shaping social values. Consequently Professors March and Hopwood have petitioned for the writing of textbooks that adopt a broader view of managerial accounting. One that addresses the complexities of the settings in which managerial accounting systems has evolved.
Currently, managerial accounting texts place great emphasis on normative perspectives, with limited insights into the actual techniques practiced. However, the author makes it a point to say that one should not be overly critical of today’s pedagogy. Technology has made accounting education they way it is. Based on this perspective the two papers presented by March and Hopwood provided a good starting point for the evolution of accounting education.
The second major theme discussed by the author is “accounting for accounting research.” Basically, this theme states there is a need to better understand the process by which one comes to understand accounting. He suggests that one must keep an open mind regarding the potential contribution of alternative methodologies. In addition, in understanding accounting for accounting research one must take note of the role of technology and its impact on research costs. Thus, the author believes that in following the advice of Professors March and Hopwood one will see important steps in the evolution of accounting education. (Summary by Michele Martinez
Meetresultaten Kunststof GC-elementen: Project C2: Oever- en Bodembescherming met GC
No full textAnome BV en het Innovatie Test Centrum van Rijkswaterstaat-DWW zijn samen met verschillende partners aan het onderzoeken in hoeverre Ground Consolidators (GC\u92s) interessant zouden kunnen zijn voor gebruik in Oever- en bodembescherming. De eerste fase van het onderzoek is afgerond en er is besloten om verdergaand onderzoek te doen. In verband met duurzaamheid van het materiaal, is ervoor gekozen om verder onderzoek te verrichten naar GC-elementen van kunststof. Dit onderzoek is gedaan door een drietal studenten van de TU Delft aan de faculteit Civiele Techniek. Voorliggend document bevat de meetresultaten van de kwali- en kwantitatieve experimenten die zijn uitgevoerd om de eigenschappen van kunststoffen GC\u92s en een pakket GC\u92s te bepalen
Meetresultaten Kunststof GC-elementen: Versie 4
No full textAnome BV en het Innovatie Test Centrum van Rijkswaterstaat-DWW zijn samen met verschillende partners aan het onderzoeken in hoeverre Ground Consilidators (GC\u92s) interessant zouden kunnen zijn voor gebruik in Oever- en bodembescherming. De eerste fase van het onderzoek is afgerond en er is besloten om verdergaand onderzoek te doen. In verband met duurzaamheid van het materiaal, is ervoor gekozen om verder onderzoek te verrichten naar GC-elementen van kunststof. Dit onderzoek is gedaan door een drietal studenten van de TU Delft aan de faculteit Civiele Techniek. Voorliggend document bevat de meetresultaten van de kwali- en kwantitatieve experimenten die zijn uitgevoerd om de eigenschappen van kunststoffen GC\u92s en een pakket GC\u92s te bepalen
Economic consequences of accounting conservatism
No full textpublished_or_final_versionBusinessDoctoralDoctor of Philosoph
The Private Cost of Long-Term Care in Canada: Where You Live Matters
No full textCanadians expect the same access to health care whether they are rich or poor, and wherever they live, often without direct charge at the point of service. However, we find that the private cost of long-term care differs greatly across the country, and within provinces, we find substantial variation, depending on income level, marital status, and, in Quebec alone, on assets owned. A non-married person with average income would pay more than twice as much in the Atlantic provinces as in Quebec, while a couple with one in care would pay almost four times as much in Newfoundland as in Alberta.long-term care, private cost
Meetresultaten \u93extra proef\u94 Kunststof GC-elementen: Stabiliteit, soortelijk gewicht en elasticiteit
No full textDit rapport is een aanvulling op het eindverslag van het onderzoek naar het gedrag van kunststof GC elementen voor oever- en bodembescherming. Conclusies van dat (schaal-) onderzoek waren dat een structuur van GC elementen verrassend sterke hydraulische eigenschappen bezit en daarmee interessant is als erosiebeschermer bij bodem en oeverconstructies. Beperking in het gebruik lag bij \u93stabiliteit\u94. Onder sterke stroming of golfslag was het pakket onvoldoende stabiel. Zo werden er onder zeer sterke stroming flarden uit getrokken, of bewoog het pakket enigszins onder golfslag op een talud. Er werden verschillende kunststoffen gebruikt, met verschillende soortelijke gewichten. Uit extrapolatie en precieze bestudering van het bezwijken kon verwacht worden dat gebruik van sterkere GC\u92s (minder elastisch) en zwaardere GC\u92s (stabieler) het bereik waarin de GC gebruikt kan worden aanzienlijk zou moeten kunnen vergroten
Status as a mechanism to co-opt the board : evidence from Hong Kong natural experiments
No full textIn the early 2000’s, corporate governance reforms were adopted by dozens of countries worldwide to promote financial reporting quality by increasing board independence. However, the effectiveness of these provisions depends on which directors are appointed. This study uses two regulatory changes in independent director (ID) requirements in Hong Kong, a representative stock market characterized by high investor protection and concentrated control, to examine how ID status relates to board co-optation and financial reporting quality. Status measures are derived from director–firm networks and are validated in the Hong Kong setting. A measure of relative ID status (ID status relative to executive director status) is then constructed to enable tests of changes of within-board relative power. I find that in response to ID-enhancing regulations, initially noncompliant firms exhibit decreased relative ID status. I further find some evidence that this type of power shift is associated with lower financial reporting quality. I address alternative explanations and perform several robustness tests to validate these findings.
Regulators around the world use rules regarding corporate board composition, and specifically ID quotas and/or proportions, to promote corporate governance. While many studies draw conclusions on the effectiveness of ID regulations in the United States, markets with high ownership concentration may have particular issues with the effectiveness of IDs, as owners of tightly-held firms have both the motivation and ability to appoint IDs who are tractable. This study provides evidence that status may be a mechanism used to control a board, and calls into question the effectiveness of ID regulations meant to bolster corporate governance in the presence of concentrated control.
published_or_final_versionBusinessDoctoralDoctor of Philosoph
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