Pub Date : 2020-01-01DOI: 10.1504/ijmfa.2020.109129
D. Magni, A. Pezzi, D. Vrontis
{"title":"Towards a framework of students' co-creation behaviour in higher education institutions","authors":"D. Magni, A. Pezzi, D. Vrontis","doi":"10.1504/ijmfa.2020.109129","DOIUrl":"https://doi.org/10.1504/ijmfa.2020.109129","url":null,"abstract":"","PeriodicalId":43684,"journal":{"name":"International Journal of Managerial and Financial Accounting","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/ijmfa.2020.109129","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66722476","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 : 2020-01-01DOI: 10.1504/ijmfa.2020.10034646
E. Truant, Laura Broccardo, A. Kolte
The main goal of this research is to analyse the features and to investigate the role of organic districts in the Italian context, throughout the use of business model (BM) tool, in order to understand their support in sustainable development of the different players involved. Through a survey questionnaire conducted on a sample of Italian organic districts, the districts' features, the role of the districts in supporting sustainable aspects and the related benefits perceived by companies belonging to such districts have been investigated. Finally, the findings reveal the sustainable business model features of these organisations. The paper enables to open the black box of organic districts, which are still under investigation in the literature.
{"title":"The role of organic districts in supporting companies' sustainable development","authors":"E. Truant, Laura Broccardo, A. Kolte","doi":"10.1504/ijmfa.2020.10034646","DOIUrl":"https://doi.org/10.1504/ijmfa.2020.10034646","url":null,"abstract":"The main goal of this research is to analyse the features and to investigate the role of organic districts in the Italian context, throughout the use of business model (BM) tool, in order to understand their support in sustainable development of the different players involved. Through a survey questionnaire conducted on a sample of Italian organic districts, the districts' features, the role of the districts in supporting sustainable aspects and the related benefits perceived by companies belonging to such districts have been investigated. Finally, the findings reveal the sustainable business model features of these organisations. The paper enables to open the black box of organic districts, which are still under investigation in the literature.","PeriodicalId":43684,"journal":{"name":"International Journal of Managerial and Financial Accounting","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66722844","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 : 2020-01-01DOI: 10.1504/ijmfa.2020.10034654
Abdelmohsen Desoky, G. Mousa, M. Yassin, Rania AbuRaya
This study examines the impact of ownership concentration, board features and external audit on related party transactions (RPTs) of listed firms in four Gulf Cooperation Council (GCC) countries, namely Bahrain, KSA, Kuwait and UAE. A sample of 460 firm-year observations was investigated during 2016-2018. Six models of hierarchical multiple regression (HMR) were performed to regress five independent variables (ownership concentration, board size, role duality, board independence, audit quality) on RPTs which include three transactions (key management compensation, due from RP and due to RP). HMR results indicate that ownership concentration, board size and board independence are associated with only one type of RPTs, which is key management compensation by listed firms in GCC countries. However, other types of RPTs are not explained by most of independent variables. Providing practical evidence on listed firms in GCC may provide a new dimension on this part of empirical accounting research and may help in improving governance practices. This research is the first attempt in the Gulf region to investigate the impact of CG mechanisms on RPTs. It makes a unique contribution and enrichment to this area of the accounting research in emerging markets in general and in GCC countries in particular.
{"title":"Ownership concentration and board features as determinants of related party transactions - evidence from GCC countries","authors":"Abdelmohsen Desoky, G. Mousa, M. Yassin, Rania AbuRaya","doi":"10.1504/ijmfa.2020.10034654","DOIUrl":"https://doi.org/10.1504/ijmfa.2020.10034654","url":null,"abstract":"This study examines the impact of ownership concentration, board features and external audit on related party transactions (RPTs) of listed firms in four Gulf Cooperation Council (GCC) countries, namely Bahrain, KSA, Kuwait and UAE. A sample of 460 firm-year observations was investigated during 2016-2018. Six models of hierarchical multiple regression (HMR) were performed to regress five independent variables (ownership concentration, board size, role duality, board independence, audit quality) on RPTs which include three transactions (key management compensation, due from RP and due to RP). HMR results indicate that ownership concentration, board size and board independence are associated with only one type of RPTs, which is key management compensation by listed firms in GCC countries. However, other types of RPTs are not explained by most of independent variables. Providing practical evidence on listed firms in GCC may provide a new dimension on this part of empirical accounting research and may help in improving governance practices. This research is the first attempt in the Gulf region to investigate the impact of CG mechanisms on RPTs. It makes a unique contribution and enrichment to this area of the accounting research in emerging markets in general and in GCC countries in particular.","PeriodicalId":43684,"journal":{"name":"International Journal of Managerial and Financial Accounting","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66722909","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 : 2020-01-01DOI: 10.1504/ijmfa.2020.10029001
Petros Lois, George Drogalas, A. Karagiorgos, Eleni Karasteriou
The purpose of this paper is to investigate tax evasion through undeclared work incidents. It examines low taxation ethics observed from citizens and relates then to evasion levels connected to undeclared work. The research introduces a number of factors including different business sectors, a country's economic, sociological and political conditions. Furthermore, it investigates the phenomenon compared to inadequacies in state taxation and auditing mechanisms, as well as undeclared work's different types. The research was conducted in the second biggest industrial and economic centre of Greece in public administration organisations and accounting offices. The sample responded to closed questions questionnaire and the results showed that the low insurance and taxation ethics levels demonstrating by citizens are related most variables mentioned above. Overall, the study makes several important contributions, although of the most interesting results was the strong correlation between undeclared work and socio-political factors. Research findings contribute to the existing but limited literature, providing evidence for southern European countries and developing countries.
{"title":"The phenomenon of tax evasion and undeclared work in Greece. Causes and the role of control mechanisms","authors":"Petros Lois, George Drogalas, A. Karagiorgos, Eleni Karasteriou","doi":"10.1504/ijmfa.2020.10029001","DOIUrl":"https://doi.org/10.1504/ijmfa.2020.10029001","url":null,"abstract":"The purpose of this paper is to investigate tax evasion through undeclared work incidents. It examines low taxation ethics observed from citizens and relates then to evasion levels connected to undeclared work. The research introduces a number of factors including different business sectors, a country's economic, sociological and political conditions. Furthermore, it investigates the phenomenon compared to inadequacies in state taxation and auditing mechanisms, as well as undeclared work's different types. The research was conducted in the second biggest industrial and economic centre of Greece in public administration organisations and accounting offices. The sample responded to closed questions questionnaire and the results showed that the low insurance and taxation ethics levels demonstrating by citizens are related most variables mentioned above. Overall, the study makes several important contributions, although of the most interesting results was the strong correlation between undeclared work and socio-political factors. Research findings contribute to the existing but limited literature, providing evidence for southern European countries and developing countries.","PeriodicalId":43684,"journal":{"name":"International Journal of Managerial and Financial Accounting","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66722719","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 : 2020-01-01DOI: 10.1504/ijmfa.2020.10031398
Efstathios Magerakis
{"title":"Corporate cash holdings and financial crisis: evidence from the emerging market of Greece","authors":"Efstathios Magerakis","doi":"10.1504/ijmfa.2020.10031398","DOIUrl":"https://doi.org/10.1504/ijmfa.2020.10031398","url":null,"abstract":"","PeriodicalId":43684,"journal":{"name":"International Journal of Managerial and Financial Accounting","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66722773","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 : 2020-01-01DOI: 10.1504/ijmfa.2020.10034639
Andrea Ferrarin, Maurizio Polato, Giulio Velliscig
According to the ECB, the Texas ratio represents a key performance indicator that shows the dependency between the NPLs and the level of bank capitalisation. Using a sample of twelve Italian listed banks, we disentangle the main drivers of the Texas ratio and evaluate its impact on profitability, probability of default and price-to-book value. Our findings question the overall effectiveness of the restructuring measures undertaken by both supervisory and regulatory authorities to cope with the NPLs' issue.
{"title":"Disentangling the Texas ratio: the case of the Italian banking sector","authors":"Andrea Ferrarin, Maurizio Polato, Giulio Velliscig","doi":"10.1504/ijmfa.2020.10034639","DOIUrl":"https://doi.org/10.1504/ijmfa.2020.10034639","url":null,"abstract":"According to the ECB, the Texas ratio represents a key performance indicator that shows the dependency between the NPLs and the level of bank capitalisation. Using a sample of twelve Italian listed banks, we disentangle the main drivers of the Texas ratio and evaluate its impact on profitability, probability of default and price-to-book value. Our findings question the overall effectiveness of the restructuring measures undertaken by both supervisory and regulatory authorities to cope with the NPLs' issue.","PeriodicalId":43684,"journal":{"name":"International Journal of Managerial and Financial Accounting","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66722790","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 : 2019-12-04DOI: 10.1504/ijmfa.2019.10025666
Vikas Gupta, Asha Thomas
A pivotal role is played by innovative work behaviour (IWB) for the lasting existence of knowledge-intensive business organisations. Although it is significant to be innovative and creative, the influences of this innovation and creativity on the economy and its growth in the future are still inadequate. This conceptual research, supported by the social capital theory (SCT) and self-determination theory (SDT), attempts to focus on vital predictors that are important for promoting tacit knowledge sharing (KS). This study also concentrates on IWB as an outcome of tacit KS as it enhances the idea of contributing to the existing literature not explored earlier by other related studies.
{"title":"Fostering tacit knowledge sharing and innovative work behaviour: an integrated theoretical view","authors":"Vikas Gupta, Asha Thomas","doi":"10.1504/ijmfa.2019.10025666","DOIUrl":"https://doi.org/10.1504/ijmfa.2019.10025666","url":null,"abstract":"A pivotal role is played by innovative work behaviour (IWB) for the lasting existence of knowledge-intensive business organisations. Although it is significant to be innovative and creative, the influences of this innovation and creativity on the economy and its growth in the future are still inadequate. This conceptual research, supported by the social capital theory (SCT) and self-determination theory (SDT), attempts to focus on vital predictors that are important for promoting tacit knowledge sharing (KS). This study also concentrates on IWB as an outcome of tacit KS as it enhances the idea of contributing to the existing literature not explored earlier by other related studies.","PeriodicalId":43684,"journal":{"name":"International Journal of Managerial and Financial Accounting","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2019-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44868806","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 : 2019-12-04DOI: 10.1504/ijmfa.2019.10023841
Luana Serino, Armando Papa, Francesco Campanella, Jens Mueller
This paper investigates the relationship between firm's structure with its performance besides the interest rates applied by banks; and the gender governance besides firm's profitability and the pricing of credit charged by the banking system. The sample used for this empirical research consists of 219 Italian firms and it was analysed during the 2013-2016 period. Employing a two-phases quantitative method, our study finds that there are important elements (both in terms of corporate structure and gender governance) that impact on the corporate performance and the pricing of credit firms pay when they succeed in borrowing.
{"title":"Credit access and performance of Italian firms: How relevant is gender","authors":"Luana Serino, Armando Papa, Francesco Campanella, Jens Mueller","doi":"10.1504/ijmfa.2019.10023841","DOIUrl":"https://doi.org/10.1504/ijmfa.2019.10023841","url":null,"abstract":"This paper investigates the relationship between firm's structure with its performance besides the interest rates applied by banks; and the gender governance besides firm's profitability and the pricing of credit charged by the banking system. The sample used for this empirical research consists of 219 Italian firms and it was analysed during the 2013-2016 period. Employing a two-phases quantitative method, our study finds that there are important elements (both in terms of corporate structure and gender governance) that impact on the corporate performance and the pricing of credit firms pay when they succeed in borrowing.","PeriodicalId":43684,"journal":{"name":"International Journal of Managerial and Financial Accounting","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2019-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48127717","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 : 2019-12-04DOI: 10.1504/IJMFA.2019.10022385
Antonio Usai, D. Porcheddu, Brunella Arru
The Italian economic system comprises a significant number of small and medium-sized family businesses. Recent empirical evidence shows that the characteristics of family firms are crucial in overcoming the adverse effects of the financial crisis, thus contributing to the generation of wealth and employment for the country. Using the case study approach, this paper investigates the firm-level dynamics during the last economic recession of a medium-size family firm, operating in a mature market and situated in a rural context. The finding showed that the management approach to the crisis was dictated, among various factors, by the firms distinctive characteristics, its social capital and its role in the local and regional contexts. These peculiarities have been the key to overcoming the most harmful effects of the economic crisis and to avoiding the necessity of carrying out radical restructuring processes and financial recovery. Moreover, this case showed the pivotal role of the social dimension of the firm and the consequences of the decrease in the historical attention placed on the well-being of the business community and society as a whole.
{"title":"The role of resources and capabilities in managing and overcoming the financial crisis: a case study of the Fratelli Pinna sheep-dairy business","authors":"Antonio Usai, D. Porcheddu, Brunella Arru","doi":"10.1504/IJMFA.2019.10022385","DOIUrl":"https://doi.org/10.1504/IJMFA.2019.10022385","url":null,"abstract":"The Italian economic system comprises a significant number of small and medium-sized family businesses. Recent empirical evidence shows that the characteristics of family firms are crucial in overcoming the adverse effects of the financial crisis, thus contributing to the generation of wealth and employment for the country. Using the case study approach, this paper investigates the firm-level dynamics during the last economic recession of a medium-size family firm, operating in a mature market and situated in a rural context. The finding showed that the management approach to the crisis was dictated, among various factors, by the firms distinctive characteristics, its social capital and its role in the local and regional contexts. These peculiarities have been the key to overcoming the most harmful effects of the economic crisis and to avoiding the necessity of carrying out radical restructuring processes and financial recovery. Moreover, this case showed the pivotal role of the social dimension of the firm and the consequences of the decrease in the historical attention placed on the well-being of the business community and society as a whole.","PeriodicalId":43684,"journal":{"name":"International Journal of Managerial and Financial Accounting","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2019-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43061213","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 : 2019-12-04DOI: 10.1504/ijmfa.2019.10025664
Salvatore Loprevite, Daniela Rupo, B. Ricca
This study verifies whether the voluntary adoption of an integrated report in Europe under the framework is associated with the value relevance of summary accounting information. We compare a sample of European listed companies that publish Integrated Reports (IR-firms) under the framework with companies that do not publish it (NIR-firms). To analyse the association between market value (MV) and traditional accounting information (book value and earnings), we use multivariate regression linear models and generalised linear models (GLM). The results of our analysis show that the adoption of IR appears to strongly affect the value relevance of summary accounting information. For IR-firms, we find significant lower value relevance for earnings and slightly higher value relevance for book value, compared to NIR-firms. Additionally, our findings reveal that for both groups the level of investments on intangibles is positively associated to market value but with a significantly higher association for the IR-firms.
{"title":"Does the voluntary adoption of integrated reporting affect the value relevance of accounting information Empirical evidence from Europe","authors":"Salvatore Loprevite, Daniela Rupo, B. Ricca","doi":"10.1504/ijmfa.2019.10025664","DOIUrl":"https://doi.org/10.1504/ijmfa.2019.10025664","url":null,"abstract":"This study verifies whether the voluntary adoption of an integrated report in Europe under the framework is associated with the value relevance of summary accounting information. We compare a sample of European listed companies that publish Integrated Reports (IR-firms) under the framework with companies that do not publish it (NIR-firms). To analyse the association between market value (MV) and traditional accounting information (book value and earnings), we use multivariate regression linear models and generalised linear models (GLM). The results of our analysis show that the adoption of IR appears to strongly affect the value relevance of summary accounting information. For IR-firms, we find significant lower value relevance for earnings and slightly higher value relevance for book value, compared to NIR-firms. Additionally, our findings reveal that for both groups the level of investments on intangibles is positively associated to market value but with a significantly higher association for the IR-firms.","PeriodicalId":43684,"journal":{"name":"International Journal of Managerial and Financial Accounting","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2019-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48565528","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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