Pub Date : 2020-12-28DOI: 10.17265/1548-6583/2020.12.003
Some Lucain
{"title":"Obstacles to the Success of Organizational and Managerial Innovation in Construction SMEs in Burkina Faso","authors":"Some Lucain","doi":"10.17265/1548-6583/2020.12.003","DOIUrl":"https://doi.org/10.17265/1548-6583/2020.12.003","url":null,"abstract":"","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49139291","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 : 2020-11-28DOI: 10.17265/1548-6583/2020.11.001
Knut Henkel, M. Bürger
{"title":"Transition Effects from the Initial Adoption of IFRS 9 by Italian and German Blue Chip Companies","authors":"Knut Henkel, M. Bürger","doi":"10.17265/1548-6583/2020.11.001","DOIUrl":"https://doi.org/10.17265/1548-6583/2020.11.001","url":null,"abstract":"","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47276500","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 : 2020-11-28DOI: 10.17265/1548-6583/2020.11.003
S. Dladla, Nelisa Magwa, Nokulunga Shangase
{"title":"Option to Expand a Vacant Land Option","authors":"S. Dladla, Nelisa Magwa, Nokulunga Shangase","doi":"10.17265/1548-6583/2020.11.003","DOIUrl":"https://doi.org/10.17265/1548-6583/2020.11.003","url":null,"abstract":"","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48062748","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 : 2020-11-28DOI: 10.17265/1548-6583/2020.11.004
A. Schneider
{"title":"Type of CPA Firm Association with Financial Statements and Commercial Lending Judgments","authors":"A. Schneider","doi":"10.17265/1548-6583/2020.11.004","DOIUrl":"https://doi.org/10.17265/1548-6583/2020.11.004","url":null,"abstract":"","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41777180","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 : 2020-11-28DOI: 10.17265/1548-6583/2020.11.002
Mashael Eid Alotaibi, Mariah Ali Almohaimeed, Wjdan Alharbi
{"title":"The Impact of International Trade on Economic Growth","authors":"Mashael Eid Alotaibi, Mariah Ali Almohaimeed, Wjdan Alharbi","doi":"10.17265/1548-6583/2020.11.002","DOIUrl":"https://doi.org/10.17265/1548-6583/2020.11.002","url":null,"abstract":"","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67504054","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 : 2020-10-28DOI: 10.17265/1548-6583/2020.10.001
Burenin Aleksey
Why does interest rate policy not work in the economy as economic theory suggests? To understand why, you need to look at the economy from a higher level of abstraction. With this approach, only two states of the economy can be distinguished. The first is a “normal” state; the second is crisis and recession. The “normal” state is the period after the recession and before the next crisis. During this period, the basic laws of the market economy work. During a crisis, the relationship between the level of interest rates and borrowing by households and businesses is broken. This explains the ineffectiveness of the policy of lowering interest rates. Different states of the economy have their own laws, and you cannot extrapolate tools that are successful under “normal” market conditions linearly to the crisis state of the economy. Why does the interest rate policy during the period of the “normal” state of the economy not adjust its development in order to prevent the onset of the crisis? Firstly, the conditions for the emergence of crisis phenomena are created by the interest rate policy at the very beginning of the business cycle, when central banks set and maintain low interest rates for a relatively long period. Secondly, by the end of the business cycle, the credit burden in economy reaches its maximum, so there is no further possibility of expanding effective demand by decreasing interest rates. Thirdly, interest rate policy is an instrument for rough adjustment of the economy, indiscriminately affecting all participants in economic relations. In an attempt to stimulate the economy, the central bank creates the conditions for increasing its imbalance. Fourth, at the end of the business cycle, the interest rate policy does not actually support the real economy, but only the stock market. Fifth, the Fed’s policy has formed a pro-crisis conditioned reflex among market participants. Thus, central banks should leave the determination of the level of interest rates to the free market.
{"title":"Central Bank Interest Rate Policy as a Pro-Crisis Instrument of Macroeconomic Regulation","authors":"Burenin Aleksey","doi":"10.17265/1548-6583/2020.10.001","DOIUrl":"https://doi.org/10.17265/1548-6583/2020.10.001","url":null,"abstract":"Why does interest rate policy not work in the economy as economic theory suggests? To understand why, you need to look at the economy from a higher level of abstraction. With this approach, only two states of the economy can be distinguished. The first is a “normal” state; the second is crisis and recession. The “normal” state is the period after the recession and before the next crisis. During this period, the basic laws of the market economy work. During a crisis, the relationship between the level of interest rates and borrowing by households and businesses is broken. This explains the ineffectiveness of the policy of lowering interest rates. Different states of the economy have their own laws, and you cannot extrapolate tools that are successful under “normal” market conditions linearly to the crisis state of the economy. Why does the interest rate policy during the period of the “normal” state of the economy not adjust its development in order to prevent the onset of the crisis? Firstly, the conditions for the emergence of crisis phenomena are created by the interest rate policy at the very beginning of the business cycle, when central banks set and maintain low interest rates for a relatively long period. Secondly, by the end of the business cycle, the credit burden in economy reaches its maximum, so there is no further possibility of expanding effective demand by decreasing interest rates. Thirdly, interest rate policy is an instrument for rough adjustment of the economy, indiscriminately affecting all participants in economic relations. In an attempt to stimulate the economy, the central bank creates the conditions for increasing its imbalance. Fourth, at the end of the business cycle, the interest rate policy does not actually support the real economy, but only the stock market. Fifth, the Fed’s policy has formed a pro-crisis conditioned reflex among market participants. Thus, central banks should leave the determination of the level of interest rates to the free market.","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44087702","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 : 2020-10-28DOI: 10.17265/1548-6583/2020.10.004
Mohamed A Elshawarby
This paper attempts to investigate the negative effects of the spread of COVID-19 on low-income families in Egypt. Coronavirus spread is measured by "Coronavirus cases" and "Coronavirus deaths" on a daily basis. Besides, it is measured by both "new Coronavirus cases" and "new deaths from Coronavirus", in relation to the population of Egypt. The Egyptian government is taking some measures to reduce the negative effects of COVID-19, including increasing personal exemptions by amending some provisions of the Egyptian Income Tax Law promulgated by Law No. 91 of 2005 to protect low-income families. Of the negative effects of COVID-19, it is one of the most important tax policies to achieve social justice in distributing the tax burden, according to income levels, in a manner that achieves justice and equality. We find that Personal exemptions did not succeed in achieving tax justice by easing the tax burden on the low-income people in society.
{"title":"Are Personal Exemptions Succeeded to Protect Low-Income Families in Egypt From the Negative Effects of COVID-19","authors":"Mohamed A Elshawarby","doi":"10.17265/1548-6583/2020.10.004","DOIUrl":"https://doi.org/10.17265/1548-6583/2020.10.004","url":null,"abstract":"This paper attempts to investigate the negative effects of the spread of COVID-19 on low-income families in Egypt. Coronavirus spread is measured by \"Coronavirus cases\" and \"Coronavirus deaths\" on a daily basis. Besides, it is measured by both \"new Coronavirus cases\" and \"new deaths from Coronavirus\", in relation to the population of Egypt. The Egyptian government is taking some measures to reduce the negative effects of COVID-19, including increasing personal exemptions by amending some provisions of the Egyptian Income Tax Law promulgated by Law No. 91 of 2005 to protect low-income families. Of the negative effects of COVID-19, it is one of the most important tax policies to achieve social justice in distributing the tax burden, according to income levels, in a manner that achieves justice and equality. We find that Personal exemptions did not succeed in achieving tax justice by easing the tax burden on the low-income people in society.","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46861523","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 : 2020-10-28DOI: 10.17265/1548-6583/2020.10.002
Divya Verma
Derivatives were introduced in Indian financial market to reduce volatility in the spot market. The present study attempts to study the impact of derivatives on stock market volatility. In the present study, data have been taken for Nifty Index for a period from 01-01-1996 to 05-02-2016. For analyzing the impact of introduction of derivatives on Nifty Index Volatility, we have taken proxy variable of Nifty Junior Index and Standard & Poor’s 500 (S & P 500) Index returns. The data have also been classified into pre-futures (introduced on 12-06-2000) and post-futures and pre-options (introduced on 04-06-2001) and post-options period. The results show that volatility has reduced after introduction of futures and options.
{"title":"Nature of Volatility Patterns of Futures and Options on Nifty Index","authors":"Divya Verma","doi":"10.17265/1548-6583/2020.10.002","DOIUrl":"https://doi.org/10.17265/1548-6583/2020.10.002","url":null,"abstract":"Derivatives were introduced in Indian financial market to reduce volatility in the spot market. The present study attempts to study the impact of derivatives on stock market volatility. In the present study, data have been taken for Nifty Index for a period from 01-01-1996 to 05-02-2016. For analyzing the impact of introduction of derivatives on Nifty Index Volatility, we have taken proxy variable of Nifty Junior Index and Standard & Poor’s 500 (S & P 500) Index returns. The data have also been classified into pre-futures (introduced on 12-06-2000) and post-futures and pre-options (introduced on 04-06-2001) and post-options period. The results show that volatility has reduced after introduction of futures and options.","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48580319","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 : 2020-10-28DOI: 10.17265/1548-6583/2020.10.003
Mohamed Elshawarby
{"title":"The Role of Accounting Dimensions of Corporate Governance in Improving the Tax Return in Egypt","authors":"Mohamed Elshawarby","doi":"10.17265/1548-6583/2020.10.003","DOIUrl":"https://doi.org/10.17265/1548-6583/2020.10.003","url":null,"abstract":"","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44764264","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 : 2020-09-28DOI: 10.17265/1548-6583/2020.09.003
Mohamad Youness
This paper examines the consequences of exits from political unions and the split of countries on capital structure decision especially the leverage, taking Sudan split (2011) as a practical case. Where the split between the two countries presents a challenge to companies in Sudan, especially they have not faced such a situation before in their businesses. This paper studies the impacts of the split on the capital structure during the period before and after the split, between 2008 and 2015, using a database of five different companies from different sectors, from Sudan. A regression model was adopted to study the impact of the split on the variables in order to analyze the variation in the ratios before and after the split. The results show that the political decisions such as split have a lot of consequences on the capital structure.
{"title":"Consequences of Exits from Political Unions on Leverage: The Case of Sudan Split","authors":"Mohamad Youness","doi":"10.17265/1548-6583/2020.09.003","DOIUrl":"https://doi.org/10.17265/1548-6583/2020.09.003","url":null,"abstract":"This paper examines the consequences of exits from political unions and the split of countries on capital structure decision especially the leverage, taking Sudan split (2011) as a practical case. Where the split between the two countries presents a challenge to companies in Sudan, especially they have not faced such a situation before in their businesses. This paper studies the impacts of the split on the capital structure during the period before and after the split, between 2008 and 2015, using a database of five different companies from different sectors, from Sudan. A regression model was adopted to study the impact of the split on the variables in order to analyze the variation in the ratios before and after the split. The results show that the political decisions such as split have a lot of consequences on the capital structure.","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45729642","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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