The primary function of a resilient oil and gas tax system is to raise enough revenue to finance essential government expenditure that will raise the standard of living, promote sustainable firms and create jobs of the future for economic growth. This study seeks to determine the impact of gas exploration taxes on economic growth in Nigeria from 1981 to 2020. An expo-facto research design with two (2) objectives and one (1) baseline theory anchored this empirical paper. The population of the study is Nigeria with a tax history of forty years from 1981 to 2020. The study adopted an interval scale of measurement and the preceding year basis of sampling, with a sample size of nine (9) years from 2010 to 2018. The source of data was secondary, obtained from the Central Bank of Nigeria, National Bureau of Statistics, OECD Statistics, and World Bank Group. The study adopted univariate analysis and bivariate analysis for data analysis with MS Excel 2019 and SPSS Statistics 26. The study found that and that ITG has no significant relationship with PCI but has a significant relationship with JOB. The study concluded that: given high levels of oil price stability and production boom, income tax on gas exploration might significantly contribute to per capita income and employment rate, with a correlation of more than 67%. The study recommended that government should reduce the tax incentives granted to petroleum companies in Nigeria, and increase the tax rate of non-petroleum companies, which will increase government revenue from petroleum taxes, during times of oil price volatility and production cuts.
{"title":"The Impact of Gas Exploration Taxes on Economic Growth in Nigeria (1981-2020)","authors":"Wonders Ebimotimimowei Pibowei, M. Marei","doi":"10.2139/ssrn.3854230","DOIUrl":"https://doi.org/10.2139/ssrn.3854230","url":null,"abstract":"The primary function of a resilient oil and gas tax system is to raise enough revenue to finance essential government expenditure that will raise the standard of living, promote sustainable firms and create jobs of the future for economic growth. This study seeks to determine the impact of gas exploration taxes on economic growth in Nigeria from 1981 to 2020. An expo-facto research design with two (2) objectives and one (1) baseline theory anchored this empirical paper. The population of the study is Nigeria with a tax history of forty years from 1981 to 2020. The study adopted an interval scale of measurement and the preceding year basis of sampling, with a sample size of nine (9) years from 2010 to 2018. The source of data was secondary, obtained from the Central Bank of Nigeria, National Bureau of Statistics, OECD Statistics, and World Bank Group. The study adopted univariate analysis and bivariate analysis for data analysis with MS Excel 2019 and SPSS Statistics 26. The study found that and that ITG has no significant relationship with PCI but has a significant relationship with JOB. The study concluded that: given high levels of oil price stability and production boom, income tax on gas exploration might significantly contribute to per capita income and employment rate, with a correlation of more than 67%. The study recommended that government should reduce the tax incentives granted to petroleum companies in Nigeria, and increase the tax rate of non-petroleum companies, which will increase government revenue from petroleum taxes, during times of oil price volatility and production cuts.","PeriodicalId":286042,"journal":{"name":"Chicago Booth ARC: Other (Topic)","volume":"103 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114025448","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Dividend policy is an important aspect of the organization‟s corporate policies about which many researchers argued. It has become one of the most debatable topic for researchers due to the vagueness of its theories on the significance of dividend policy while indicating firm‟s value.
In this competitive environment the challenge to financial experts is to develop a dividend policy aiming at maximizing shareholder‟s wealth by efficient utility of investment. So, there is a need to find out the determinants of dividend payout policy that ultimately affect the firm‟s performance. These include firm size, debt, profitability, liquidity and sales. The main purpose of this research is to explore the dividend policy determinants of concerned firms by using a conceptual model that may help in increasing firms‟ performance and shareholders‟ interest.
The firms of oil and gas field of Pakistan were selected as sample for this research and to analyze the determinants of dividend payout requires practical efforts. For this purpose, various types of statistical techniques have been used namely descriptive statistics, correlation and regression analysis. Entire sample was analyzed on yearly basis for more comprehensive understanding from 2011 to 2018.
The findings of the study indicated that there is no single best dividend policy that fits on all firms both at micro and macro level. Due to the differences in the conditions that correspond to firm-specific (financial policies, production processes, management style, Human Resource Management etc.) as well as industry-specific (social, cultural, political, technical, economic environment etc.) every firm decides its own dividend policy that tends to the potential long term success of the business. In this scenario, a unique dividend policy doesn't seem a good fit for all the firms.
{"title":"Comparative Analysis of Determinants of Dividend in Oil and Gas Sector of Pakistan","authors":"Yasser Muhammad","doi":"10.2139/ssrn.3788783","DOIUrl":"https://doi.org/10.2139/ssrn.3788783","url":null,"abstract":"Dividend policy is an important aspect of the organization‟s corporate policies about which many researchers argued. It has become one of the most debatable topic for researchers due to the vagueness of its theories on the significance of dividend policy while indicating firm‟s value.<br><br>In this competitive environment the challenge to financial experts is to develop a dividend policy aiming at maximizing shareholder‟s wealth by efficient utility of investment. So, there is a need to find out the determinants of dividend payout policy that ultimately affect the firm‟s performance. These include firm size, debt, profitability, liquidity and sales. The main purpose of this research is to explore the dividend policy determinants of concerned firms by using a conceptual model that may help in increasing firms‟ performance and shareholders‟ interest.<br><br>The firms of oil and gas field of Pakistan were selected as sample for this research and to analyze the determinants of dividend payout requires practical efforts. For this purpose, various types of statistical techniques have been used namely descriptive statistics, correlation and regression analysis. Entire sample was analyzed on yearly basis for more comprehensive understanding from 2011 to 2018.<br><br>The findings of the study indicated that there is no single best dividend policy that fits on all firms both at micro and macro level. Due to the differences in the conditions that correspond to firm-specific (financial policies, production processes, management style, Human Resource Management etc.) as well as industry-specific (social, cultural, political, technical, economic environment etc.) every firm decides its own dividend policy that tends to the potential long term success of the business. In this scenario, a unique dividend policy doesn't seem a good fit for all the firms.<br>","PeriodicalId":286042,"journal":{"name":"Chicago Booth ARC: Other (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129869260","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper examines whether the departure of star analysts stimulates the internal competition and motivates non-star analysts who are employed by the previous brokerages to issue more accurate forecasts. We find that the departure of star analysts motivates non-star analysts to provide more accurate forecasts, and this incentive effect has a nature of long-term effect. Through mechanism analysis, we also find that the departure of star analysts hurts brokerages’ enthusiasm to cultivate star analysts, which further results in the vacancy of the star analyst in those brokerages. This vacancy plays an incentive role for non-star analysts. Moreover, the departure behavior motivates to produce accurate forecasts by hard working. In addition, we examine whether the departure’s incentive effect can be affected by the conflict of interest. The results show that non-star analysts who issue optimistic forecasts before the departure of star analysts are more likely to issue more accurate forecast reports after the departure of star analysts, which verifies the conflict of interest hypothesis. Finally, through the heterogeneity analysis, we find that the incentive effect on the non-star analysts is more significant when the number of star analysts in the previous employer is smaller, institutional investors hold more shares, and the market value of the companies is larger.
{"title":"Does Star Analysts’ Departure Trigger the Brokerage's Internal Competition?","authors":"C. Li, Zhifan Tian, Shengnian Wang, Pin Zhou","doi":"10.2139/ssrn.3515249","DOIUrl":"https://doi.org/10.2139/ssrn.3515249","url":null,"abstract":"This paper examines whether the departure of star analysts stimulates the internal competition and motivates non-star analysts who are employed by the previous brokerages to issue more accurate forecasts. We find that the departure of star analysts motivates non-star analysts to provide more accurate forecasts, and this incentive effect has a nature of long-term effect. Through mechanism analysis, we also find that the departure of star analysts hurts brokerages’ enthusiasm to cultivate star analysts, which further results in the vacancy of the star analyst in those brokerages. This vacancy plays an incentive role for non-star analysts. Moreover, the departure behavior motivates to produce accurate forecasts by hard working. In addition, we examine whether the departure’s incentive effect can be affected by the conflict of interest. The results show that non-star analysts who issue optimistic forecasts before the departure of star analysts are more likely to issue more accurate forecast reports after the departure of star analysts, which verifies the conflict of interest hypothesis. Finally, through the heterogeneity analysis, we find that the incentive effect on the non-star analysts is more significant when the number of star analysts in the previous employer is smaller, institutional investors hold more shares, and the market value of the companies is larger.","PeriodicalId":286042,"journal":{"name":"Chicago Booth ARC: Other (Topic)","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121372705","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Educational organizations in private sector require strong corporate strategies. In order to get success in the globally competitive environment they must adopt the strategy of Corporate Social Responsibility. This study analyzed corporate social responsibility and its impact on private sector secondary schools in district North & South Delhi. For this purpose primary data were collected through five point Likert’s scale. The questionnaire was fielded to private sector secondary school teachers in order to get data about the impact of corporate social responsibility on performance of secondary schools. The population of the study was 184 registered private sector secondary schools (140 boys and 44 girls) which included 900 teachers (who taught to class 10th students during session 2017-18) in district North & South Delhi. A sample of 280 teachers (140 male and 140 female) in 70 private sector secondary schools (35 for boys and 35 for girls) were selected through equal allocation sampling formula. Mean, Standard Deviation and t-test were applied for analyzing the data. The Pearson’s correlation r was used to evaluate the variable effects. The result from the data indicated that all the four aspects of CSR have positive significant impact on the performance of secondary schools.
{"title":"Analysis of CSR Impact on Private Sector Secondary School: A Study in North and South Delhi (India)","authors":"P. Dixit, Rahim Jafar Mohammad Sharif","doi":"10.33445/sds.2019.9.6.2","DOIUrl":"https://doi.org/10.33445/sds.2019.9.6.2","url":null,"abstract":"Educational organizations in private sector require strong corporate strategies. In order to get success in the globally competitive environment they must adopt the strategy of Corporate Social Responsibility. This study analyzed corporate social responsibility and its impact on private sector secondary schools in district North & South Delhi. For this purpose primary data were collected through five point Likert’s scale. The questionnaire was fielded to private sector secondary school teachers in order to get data about the impact of corporate social responsibility on performance of secondary schools. The population of the study was 184 registered private sector secondary schools (140 boys and 44 girls) which included 900 teachers (who taught to class 10th students during session 2017-18) in district North & South Delhi. A sample of 280 teachers (140 male and 140 female) in 70 private sector secondary schools (35 for boys and 35 for girls) were selected through equal allocation sampling formula. Mean, Standard Deviation and t-test were applied for analyzing the data. The Pearson’s correlation r was used to evaluate the variable effects. The result from the data indicated that all the four aspects of CSR have positive significant impact on the performance of secondary schools.","PeriodicalId":286042,"journal":{"name":"Chicago Booth ARC: Other (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130291590","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The present work approaches the research question: Does tax transparency through mandatory corporate tax return disclosure tackle tax avoidance? Tax avoidance has far-reaching social implications. The aim of this study is to shed light on tax avoidance and to help mitigate its adverse social repercussions. The research is inspired by The United Kingdom Corporate and Individual Tax and Financial Transparency Bill, which was proposed, albeit unsuccessfully, during the 2010-2015 UK Parliament. The implications of a tax return disclosure regime are assessed against the WPP Group, a major UK public company listed on FTSE 100. The stakeholders affected by corporate tax return disclosure are analysed using the Power-Interest-Matrix. Their power is assessed through financial indicators derived from the company’s financial statements. Their interest is scrutinized through vocabulary analysis with the Form-Oriented Content Analytic Method. The impact of the disclosed tax avoidance on the stakeholders and their response are mixed. There are numerous pathways available depending on the stakeholder group and their incentives. Also, stakeholders of the same group do not behave unanimously. These findings are supported by empirical evidence from Europe, Asia and the USA. In order to channel dispersed stakeholder activity the study makes a proposal to introduce a threshold for parties interested in corporate tax information. The author is not aware on any tax avoidance research combining the Power-Interest-Matrix and the Form-Oriented Content Analytic Method. This enhances the originality of the study and may encourage other scholars to enrich their research inventory through these instruments. Keywords: Tax Avoidance, Tax Transparency, Stakeholder Analysis, Content Analysis, Power-Interest-Matrix.
{"title":"Does Tax Transparency Tackle Tax Avoidance?: A Stakeholder Perspective","authors":"P. Eisenberg","doi":"10.2139/ssrn.3324304","DOIUrl":"https://doi.org/10.2139/ssrn.3324304","url":null,"abstract":"The present work approaches the research question: Does tax transparency through mandatory corporate tax return disclosure tackle tax avoidance? Tax avoidance has far-reaching social implications. The aim of this study is to shed light on tax avoidance and to help mitigate its adverse social repercussions. The research is inspired by The United Kingdom Corporate and Individual Tax and Financial Transparency Bill, which was proposed, albeit unsuccessfully, during the 2010-2015 UK Parliament. The implications of a tax return disclosure regime are assessed against the WPP Group, a major UK public company listed on FTSE 100. The stakeholders affected by corporate tax return disclosure are analysed using the Power-Interest-Matrix. Their power is assessed through financial indicators derived from the company’s financial statements. Their interest is scrutinized through vocabulary analysis with the Form-Oriented Content Analytic Method. The impact of the disclosed tax avoidance on the stakeholders and their response are mixed. There are numerous pathways available depending on the stakeholder group and their incentives. Also, stakeholders of the same group do not behave unanimously. These findings are supported by empirical evidence from Europe, Asia and the USA. In order to channel dispersed stakeholder activity the study makes a proposal to introduce a threshold for parties interested in corporate tax information. The author is not aware on any tax avoidance research combining the Power-Interest-Matrix and the Form-Oriented Content Analytic Method. This enhances the originality of the study and may encourage other scholars to enrich their research inventory through these instruments. Keywords: Tax Avoidance, Tax Transparency, Stakeholder Analysis, Content Analysis, Power-Interest-Matrix.","PeriodicalId":286042,"journal":{"name":"Chicago Booth ARC: Other (Topic)","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115555823","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-03-05DOI: 10.5296/IJAFR.V8I1.12671
H. Ha, Dang Ngoc Hung, D. Tran
This research is conducted for evaluating the impact of accounting numbers on stock prices of listed firms on Vietnam Stock Exchange. Data were collected from 416 listed firms for the period from 2012 to 2016. By using models of OLS, FEM, REM and GLS for evaluating the relationship between earnings per share (EPS), book value of stock (BV) and stock prices, the results show that EPS, BV have positive relationships with stock prices with the level of 48.13% basing on the model of Ohlson (1995) and on the model of Ohlson adjusted to Aboody et al. (2002). Based on the findings, some implications for investors and stakeholders have been given in the context of Vietnam.
{"title":"Impact of Accounting Data on Stock Prices: The Case of Vietnam","authors":"H. Ha, Dang Ngoc Hung, D. Tran","doi":"10.5296/IJAFR.V8I1.12671","DOIUrl":"https://doi.org/10.5296/IJAFR.V8I1.12671","url":null,"abstract":"This research is conducted for evaluating the impact of accounting numbers on stock prices of listed firms on Vietnam Stock Exchange. Data were collected from 416 listed firms for the period from 2012 to 2016. By using models of OLS, FEM, REM and GLS for evaluating the relationship between earnings per share (EPS), book value of stock (BV) and stock prices, the results show that EPS, BV have positive relationships with stock prices with the level of 48.13% basing on the model of Ohlson (1995) and on the model of Ohlson adjusted to Aboody et al. (2002). Based on the findings, some implications for investors and stakeholders have been given in the context of Vietnam.","PeriodicalId":286042,"journal":{"name":"Chicago Booth ARC: Other (Topic)","volume":"59 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124650429","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Turkish Abstract: Denetimin tarihi aslen Dünya’da çok eski zamanlara dayanmakta olsa da, Türkiye’de modern anlamda denetim anlayışının geçmişi uzun değildir. Buna karşın, denetimin önemi hem Dünya’da hem de Türkiye’de son yıllarda giderek artmaktadır. Denetimin işletmelere, yatırımcılara, kamu kuruluşlarına ve diğer paydaşlara sayısız yararı bulunmaktadır. Firma mali tablolarının gerçeği yansıtması, yatırımların doğru bir şekilde kanalize edilmesi, işletme paydaşlarının doğru bilgilerle donatılması, muhasebe hile ve usulsüzlüklerinin engellenmesi, verginin adaletli bir şekilde toplanması ve şeffaflığın temin edilmesi denetim ile mümkün olmaktadır. Denetimin vurgulanan öneminden hareketle, bu çalışmada özel sektör ve kamu sektörü denetim uygulamaları ile bakış açısı birlikte incelenmiştir. Araştırma, özel sektör kapsamında bağımsız denetçiler ve kamu sektörü kapsamında da vergi müfettişi yardımcıları üzerinde mülakat metodolojisini uygulamış, önemli bulgulara ulaşmıştır. English Abstract: Although the history of auditing in world dates back to very old times, the history of modern auditing concept in Turkey is considered new. Despite the mentioned situation, auditing is gaining more and more importance in the recent both in the world and Turkey. Auditing provides numerous advantages to businesses, investors, state enterprises and other stakeholders. Also, having financial statements which reflect the actual situation of firm, canalizing investments logically, arming business stakeholders with correct information, eliminating accounting mistakes and fraud, owning a fair tax collection system and ensuring transparency are all possible with auditing operations. Thus, with reference to the significance of auditing, this study analyzes the private sector and state sector auditing practices as well as viewpoints simultaneously. The research reaches to eye-catching findings by implementing the interview methdology on indepedent (external) auditors in the context of private sector and assistant tax inspectors in the context of state sector.
{"title":"Marmara Bölgesinde Muhasebe-Denetim Mesleğinin Önemi Üzerine Bir Araştirma (A Research on the Significance of Accounting-Auditing Profession in Marmara Region)","authors":"Cevdet Kizil, Vedat Akman, H. Korkmaz","doi":"10.16992/asos.510","DOIUrl":"https://doi.org/10.16992/asos.510","url":null,"abstract":"<b>Turkish Abstract:</b> Denetimin tarihi aslen Dünya’da çok eski zamanlara dayanmakta olsa da, Türkiye’de modern anlamda denetim anlayışının geçmişi uzun değildir. Buna karşın, denetimin önemi hem Dünya’da hem de Türkiye’de son yıllarda giderek artmaktadır. Denetimin işletmelere, yatırımcılara, kamu kuruluşlarına ve diğer paydaşlara sayısız yararı bulunmaktadır. Firma mali tablolarının gerçeği yansıtması, yatırımların doğru bir şekilde kanalize edilmesi, işletme paydaşlarının doğru bilgilerle donatılması, muhasebe hile ve usulsüzlüklerinin engellenmesi, verginin adaletli bir şekilde toplanması ve şeffaflığın temin edilmesi denetim ile mümkün olmaktadır. Denetimin vurgulanan öneminden hareketle, bu çalışmada özel sektör ve kamu sektörü denetim uygulamaları ile bakış açısı birlikte incelenmiştir. Araştırma, özel sektör kapsamında bağımsız denetçiler ve kamu sektörü kapsamında da vergi müfettişi yardımcıları üzerinde mülakat metodolojisini uygulamış, önemli bulgulara ulaşmıştır. <b>English Abstract:</b> Although the history of auditing in world dates back to very old times, the history of modern auditing concept in Turkey is considered new. Despite the mentioned situation, auditing is gaining more and more importance in the recent both in the world and Turkey. Auditing provides numerous advantages to businesses, investors, state enterprises and other stakeholders. Also, having financial statements which reflect the actual situation of firm, canalizing investments logically, arming business stakeholders with correct information, eliminating accounting mistakes and fraud, owning a fair tax collection system and ensuring transparency are all possible with auditing operations. Thus, with reference to the significance of auditing, this study analyzes the private sector and state sector auditing practices as well as viewpoints simultaneously. The research reaches to eye-catching findings by implementing the interview methdology on indepedent (external) auditors in the context of private sector and assistant tax inspectors in the context of state sector.","PeriodicalId":286042,"journal":{"name":"Chicago Booth ARC: Other (Topic)","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125101063","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The aim of this article is to investigate the impact of new Turkish commercial code and Turkish accounting standards on accounting education. This study takes advantage of the survey method for gathering information and running the research analysis. For this purpose, questionnaire forms are distributed to university students personally and via the internet. This paper includes significant research questions such as “Are accounting academicians informed and knowledgeable on new Turkish commercial code and Turkish accounting standards?”, “Do accounting academicians integrate new Turkish commercial code and Turkish accounting standards to their lectures?”, “How does modern accounting education methodology and technology coincides with the teaching of new Turkish commercial code and Turkish accounting standards?”, “Do universities offer mandatory and elective courses which cover the new Turkish commercial code and Turkish accounting standards?” and “If such courses are offered, what are their names, percentage in the curriculum and degree of coverage?” Research contributes to the literature in several ways. Firstly, new Turkish commercial code and Turkish accounting standards are current significant topics for the accounting profession. Furthermore, the accounting education provides a basis for the implementations in public and private sector. Besides, one of the intentions of new Turkish commercial code and Turkish accounting standards is to foster transparency. That is definitely a critical concept also in terms of mergers, acquisitions and investments. Stakeholders of today’s business world such as investors, shareholders, entrepreneurs, auditors and government are in need of more standardized global accounting principles Thus, revision and redesigning of accounting educations plays an important role. Emphasized points also clearly prove the necessity and functionality of this research.
{"title":"Accounting Education Approach in the Context of New Turkish Commercial Code and Turkish Accounting Standards","authors":"Cevdet Kizil, Ayse Tansel Cetin, Ahmed Bulunmaz","doi":"10.5195/EMAJ.2014.62","DOIUrl":"https://doi.org/10.5195/EMAJ.2014.62","url":null,"abstract":"The aim of this article is to investigate the impact of new Turkish commercial code and Turkish accounting standards on accounting education. This study takes advantage of the survey method for gathering information and running the research analysis. For this purpose, questionnaire forms are distributed to university students personally and via the internet. This paper includes significant research questions such as “Are accounting academicians informed and knowledgeable on new Turkish commercial code and Turkish accounting standards?”, “Do accounting academicians integrate new Turkish commercial code and Turkish accounting standards to their lectures?”, “How does modern accounting education methodology and technology coincides with the teaching of new Turkish commercial code and Turkish accounting standards?”, “Do universities offer mandatory and elective courses which cover the new Turkish commercial code and Turkish accounting standards?” and “If such courses are offered, what are their names, percentage in the curriculum and degree of coverage?” Research contributes to the literature in several ways. Firstly, new Turkish commercial code and Turkish accounting standards are current significant topics for the accounting profession. Furthermore, the accounting education provides a basis for the implementations in public and private sector. Besides, one of the intentions of new Turkish commercial code and Turkish accounting standards is to foster transparency. That is definitely a critical concept also in terms of mergers, acquisitions and investments. Stakeholders of today’s business world such as investors, shareholders, entrepreneurs, auditors and government are in need of more standardized global accounting principles Thus, revision and redesigning of accounting educations plays an important role. Emphasized points also clearly prove the necessity and functionality of this research.","PeriodicalId":286042,"journal":{"name":"Chicago Booth ARC: Other (Topic)","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133507815","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Citation Ball, S. P. Ray, Valeri V Nikolaev Kothari, Wiley Blackwell, Ray Ball, S. P. Kothari, Valeri V. Nikolaev, Valeri V. Nikolaev, Sudipta Basu, John Core, Andrei Kovrijnykh, Jerry Zimmerman, Phil Berger
A substantial literature investigates conditional conservatism, defined as asymmetric accounting recognition of economic shocks (�news�), and how it depends on various market, political, and institutional variables. Studies typically assume the Basu [1997] asymmetric timeliness coefficient (the incremental slope on negative returns in a piecewise-linear regression of accounting income on stock returns) is a valid conditional conservatism measure. We analyze the measure's validity, in the context of a model with accounting income incorporating different types of information with different lags, and with noise. We demonstrate that the asymmetric timeliness coefficient varies with firm characteristics affecting their information environments, such as the length of the firm's operating and investment cycles, and its degree of diversification. We particularly examine one characteristic, the extent to which �unbooked� information (such as revised expectations about rents and growth options) is independent of other information, and discuss the conditions under which a proxy for this characteristic is the market-to-book ratio. We also conclude that much criticism of the Basu regression misconstrues researchers� objectives.
{"title":"Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism","authors":"Citation Ball, S. P. Ray, Valeri V Nikolaev Kothari, Wiley Blackwell, Ray Ball, S. P. Kothari, Valeri V. Nikolaev, Valeri V. Nikolaev, Sudipta Basu, John Core, Andrei Kovrijnykh, Jerry Zimmerman, Phil Berger","doi":"10.2139/ssrn.999710","DOIUrl":"https://doi.org/10.2139/ssrn.999710","url":null,"abstract":"A substantial literature investigates conditional conservatism, defined as asymmetric accounting recognition of economic shocks (�news�), and how it depends on various market, political, and institutional variables. Studies typically assume the Basu [1997] asymmetric timeliness coefficient (the incremental slope on negative returns in a piecewise-linear regression of accounting income on stock returns) is a valid conditional conservatism measure. We analyze the measure's validity, in the context of a model with accounting income incorporating different types of information with different lags, and with noise. We demonstrate that the asymmetric timeliness coefficient varies with firm characteristics affecting their information environments, such as the length of the firm's operating and investment cycles, and its degree of diversification. We particularly examine one characteristic, the extent to which �unbooked� information (such as revised expectations about rents and growth options) is independent of other information, and discuss the conditions under which a proxy for this characteristic is the market-to-book ratio. We also conclude that much criticism of the Basu regression misconstrues researchers� objectives.","PeriodicalId":286042,"journal":{"name":"Chicago Booth ARC: Other (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127148536","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Relocation has gradually become a typical issue for many organisations. The reasons for those companies to be are, such as government restrictions on development, business growth, shortage of labour, etc. Although relocation of the business seems to have many advantages, the disadvantages due to it must not be overlooked. The involved disruption can cause serious consequence if the relocation is not effectively carried out. The business relocation can be limited by the restraints of an existing location and it becomes essential for all the business to be moved. “Badly organised and planned, with a lack of financial provision, it can ruin the business. The extent of prior planning needed for successful development in the new location is usually underestimated, even by the large firm.” (Haines,1970). It is necessary to smooth business operation during business relocation and has a well-organised plan for the whole relocation project. In this paper, the conceptual framework of internal control in business relocation process initially extended from the past literature and propose with eight steps; the relocation feasibility survey; selection of location; planning to move; financial analysis for relocation project planning; personnel policies; the local community and public relations; the transfer process and evaluate results of relocation.
{"title":"Effective Internal Control in Business Relocation Process: A Conceptual Model","authors":"Juthamon Sithipolvanichgul","doi":"10.2139/ssrn.3134063","DOIUrl":"https://doi.org/10.2139/ssrn.3134063","url":null,"abstract":"Relocation has gradually become a typical issue for many organisations. The reasons for those companies to be are, such as government restrictions on development, business growth, shortage of labour, etc. Although relocation of the business seems to have many advantages, the disadvantages due to it must not be overlooked. The involved disruption can cause serious consequence if the relocation is not effectively carried out. The business relocation can be limited by the restraints of an existing location and it becomes essential for all the business to be moved. “Badly organised and planned, with a lack of financial provision, it can ruin the business. The extent of prior planning needed for successful development in the new location is usually underestimated, even by the large firm.” (Haines,1970). It is necessary to smooth business operation during business relocation and has a well-organised plan for the whole relocation project. In this paper, the conceptual framework of internal control in business relocation process initially extended from the past literature and propose with eight steps; the relocation feasibility survey; selection of location; planning to move; financial analysis for relocation project planning; personnel policies; the local community and public relations; the transfer process and evaluate results of relocation.","PeriodicalId":286042,"journal":{"name":"Chicago Booth ARC: Other (Topic)","volume":"99 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122934189","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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