The automobile industry is an obvious indication of a country's economic development. Because it requires high performance and quality parts, it is also an innovation and comprehension intensive sector. Because of its deep forward and backward links with many key segments of the economy, the automobile sector is also prominent in India. Because of the strong supply support provided by various auto ancillary manufacturing companies, this sector has a strong multiplier effect and has the potential to be a driver of economic growth. The auto ancillary market is focused on the production and sale of transitional equipment and automotive parts used in the manufacture of automobiles. It is an important part of India's automotive industry. Such industries allow vehicle manufacturers to concentrate on their core competencies. The auto ancillary manufacturing Industry, with its high growth prospects, is one of the emerging industries in Indian markets. The Altman Z rating is a beneficial expedient for identifying a company's economic resilience and the probability of insolvency. The Z rating method was once used in this to find out to check the economic fitness of Indian auto ancillary manufacturing companies. The economic facts of 10 auto ancillary manufacturing companies listed groups on the National Stock Exchange (NSE) have been used to study each unique and rising market Altman Z rating formulae. The findings point out that not all the enterprises listed on the NSE are financially healthy. According to the study, some of the Indian auto ancillary manufacturing companies are sound and dependable without few companies, and some of the auto ancillary manufacturing companies are not likely to face monetary misery or insolvency soon.
{"title":"Evaluation of financial soundness of Indian auto Ancillary industries using Altman Z-rate model","authors":"K. Krishnamoorthy, R. Vijayapriya","doi":"10.5267/j.ac.2023.1.002","DOIUrl":"https://doi.org/10.5267/j.ac.2023.1.002","url":null,"abstract":"The automobile industry is an obvious indication of a country's economic development. Because it requires high performance and quality parts, it is also an innovation and comprehension intensive sector. Because of its deep forward and backward links with many key segments of the economy, the automobile sector is also prominent in India. Because of the strong supply support provided by various auto ancillary manufacturing companies, this sector has a strong multiplier effect and has the potential to be a driver of economic growth. The auto ancillary market is focused on the production and sale of transitional equipment and automotive parts used in the manufacture of automobiles. It is an important part of India's automotive industry. Such industries allow vehicle manufacturers to concentrate on their core competencies. The auto ancillary manufacturing Industry, with its high growth prospects, is one of the emerging industries in Indian markets. The Altman Z rating is a beneficial expedient for identifying a company's economic resilience and the probability of insolvency. The Z rating method was once used in this to find out to check the economic fitness of Indian auto ancillary manufacturing companies. The economic facts of 10 auto ancillary manufacturing companies listed groups on the National Stock Exchange (NSE) have been used to study each unique and rising market Altman Z rating formulae. The findings point out that not all the enterprises listed on the NSE are financially healthy. According to the study, some of the Indian auto ancillary manufacturing companies are sound and dependable without few companies, and some of the auto ancillary manufacturing companies are not likely to face monetary misery or insolvency soon.","PeriodicalId":7317,"journal":{"name":"Accounting","volume":"68 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70748585","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 purpose of this study was to analyse the effects of profit volatility (X1), income smoothing (X2), corporate governance (X3), and non-performing financing (X4) on profit quality (Y) of sharia banks in Indonesia. The samples of this study were 10 sharia commercial banks in the period of 2012-2018 with 66 panel data that had been tested for outliers and normality. This study used a purposive sampling method, and it used the classical assumption tests, namely multicollinearity, autocorrelation, heteroscedasticity, and normality tests. This study used panel data regression analysis. The results of the study showed that profit volatility was detrimental to profit quality as evidenced by a beta coefficient of 0.0929 and the significance level of 0.1100, income smoothing was detrimental to profit quality as evidenced by a beta coefficient of -0.015 and the significance level of 0.1009, corporate governance had a negative influence on profit quality as evidenced by a beta coefficient of 0.0468 and the significance level of 0.293, non-performing financing was detrimental to profit quality as evidenced by a beta coefficient of -0.0096 and the significance level of 0.9139. The predictive ability of the four variables on profit quality was 16.34% while the remaining 83.66% was influenced by other factors not included in the research model.
{"title":"The effects of profit volatility, income smoothing, good corporate governance and non-performing financing on profit quality of sharia commercial banks","authors":"Amy Kurniasari, M. Adam, U. Hamdan","doi":"10.5267/j.ac.2022.9.003","DOIUrl":"https://doi.org/10.5267/j.ac.2022.9.003","url":null,"abstract":"The purpose of this study was to analyse the effects of profit volatility (X1), income smoothing (X2), corporate governance (X3), and non-performing financing (X4) on profit quality (Y) of sharia banks in Indonesia. The samples of this study were 10 sharia commercial banks in the period of 2012-2018 with 66 panel data that had been tested for outliers and normality. This study used a purposive sampling method, and it used the classical assumption tests, namely multicollinearity, autocorrelation, heteroscedasticity, and normality tests. This study used panel data regression analysis. The results of the study showed that profit volatility was detrimental to profit quality as evidenced by a beta coefficient of 0.0929 and the significance level of 0.1100, income smoothing was detrimental to profit quality as evidenced by a beta coefficient of -0.015 and the significance level of 0.1009, corporate governance had a negative influence on profit quality as evidenced by a beta coefficient of 0.0468 and the significance level of 0.293, non-performing financing was detrimental to profit quality as evidenced by a beta coefficient of -0.0096 and the significance level of 0.9139. The predictive ability of the four variables on profit quality was 16.34% while the remaining 83.66% was influenced by other factors not included in the research model.","PeriodicalId":7317,"journal":{"name":"Accounting","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70748867","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 : 2023-01-01DOI: 10.5267/j.ac.2022.10.001
Adnan Bashir, M. Khan, M. Sajid, S. Sorooshian
The Pakistani banking sector has shown tremendous growth in the last two decades and witnessed strategic reforms including the implementation of Basel regulations. The objective of this study is to investigate the effect of Basel capital regulations on the various proxies of the financial performance of the Pakistani commercial banks. This study uses three different proxies to assess the effectiveness of the Basel capital regulations on the financial performance of Pakistani commercial banks from 2006 to 2018 and quantifies the effect of different Basel accords on the banking sector of Pakistan using the dynamic panel data estimation technique. In addition, the effect of the Global Financial Crisis (2008) on the financial performance of Pakistani banks has also been evaluated. The results indicate that Basel II and Basel III capital regulations have affected the banks’ profitability differently. Capital regulations of Basel II have increased the performance while capital requirements of Basel III have not affected the financial performance of Pakistani banks, pointing towards the ineffectiveness of Basel III capital regulations. Besides, there has been no change observed in the financial performance of Pakistani banks during the Global Financial Crisis (2008). Overall, the results of the Generalized Method of Moments (GMM) technique show that Basel capital regulations enhance the financial performance of the Pakistani banking sector.
{"title":"Basel accord capital regulations and financial risk management: Empirical evidence from Pakistan’s financial institutions","authors":"Adnan Bashir, M. Khan, M. Sajid, S. Sorooshian","doi":"10.5267/j.ac.2022.10.001","DOIUrl":"https://doi.org/10.5267/j.ac.2022.10.001","url":null,"abstract":"The Pakistani banking sector has shown tremendous growth in the last two decades and witnessed strategic reforms including the implementation of Basel regulations. The objective of this study is to investigate the effect of Basel capital regulations on the various proxies of the financial performance of the Pakistani commercial banks. This study uses three different proxies to assess the effectiveness of the Basel capital regulations on the financial performance of Pakistani commercial banks from 2006 to 2018 and quantifies the effect of different Basel accords on the banking sector of Pakistan using the dynamic panel data estimation technique. In addition, the effect of the Global Financial Crisis (2008) on the financial performance of Pakistani banks has also been evaluated. The results indicate that Basel II and Basel III capital regulations have affected the banks’ profitability differently. Capital regulations of Basel II have increased the performance while capital requirements of Basel III have not affected the financial performance of Pakistani banks, pointing towards the ineffectiveness of Basel III capital regulations. Besides, there has been no change observed in the financial performance of Pakistani banks during the Global Financial Crisis (2008). Overall, the results of the Generalized Method of Moments (GMM) technique show that Basel capital regulations enhance the financial performance of the Pakistani banking sector.","PeriodicalId":7317,"journal":{"name":"Accounting","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70748474","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}
S. Riyadi, D. Arif, Abdul Halik, Kurnia Dwi Ariestya
This research was conducted to see the influence of board characteristics, the firm size on firm value, and financial performance on companies with completed mergers and acquisitions on the Indonesian stock exchange. This study was used to look at financial performance, specifically in 7 years after the company made a merger from 2013-2020. This research instrument uses quantitative analysis data by testing predetermined hypotheses. The study also found that not all variables significantly impact the company's firm value and financial performance when conducting mergers. The main finding is that the more excellent board characteristic of the merger company will result in no improvement in the company's financial performance; this is due to a large number of improper decision-making actions because the rules issued by the board hinders it.
{"title":"The effects of board characteristics and firm size on firm value and financial performance","authors":"S. Riyadi, D. Arif, Abdul Halik, Kurnia Dwi Ariestya","doi":"10.5267/j.ac.2023.6.002","DOIUrl":"https://doi.org/10.5267/j.ac.2023.6.002","url":null,"abstract":"This research was conducted to see the influence of board characteristics, the firm size on firm value, and financial performance on companies with completed mergers and acquisitions on the Indonesian stock exchange. This study was used to look at financial performance, specifically in 7 years after the company made a merger from 2013-2020. This research instrument uses quantitative analysis data by testing predetermined hypotheses. The study also found that not all variables significantly impact the company's firm value and financial performance when conducting mergers. The main finding is that the more excellent board characteristic of the merger company will result in no improvement in the company's financial performance; this is due to a large number of improper decision-making actions because the rules issued by the board hinders it.","PeriodicalId":7317,"journal":{"name":"Accounting","volume":"51 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70748679","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}
Theories working in the developed world sometimes fail to prove their accuracy in the developing world. So, researchers study these theories based on various countries, on different timelines as the real world is not so straight forward as theories & assumptions. In Bangladesh, very little work has been done regarding the effect of directors’ compensation on firm performance. So, this study has been undertaken to examine the relationship between these two. To test the theory a model comprising the age of the firm, log value of its assets, total asset turnover, firm size, and firm performance was developed. Using a sample of 38 listed firms of DSE from the Pharmaceutical & Chemical and Paper & Printing Industry as per the DSE website fixed-effect model & random effect model was run on the data from 2015 to 2021. And as the Hausman test suggested, the fixed-effect model is chosen to be more fit for BEP (Basic Earning Power). The focus of the study was the impact of directors’ compensation on firm performance. According to the analysis, it showed a negative correlation between directors’ compensation and firm performance. Firm size and asset turnover ratio have moderately positive correlation to the firm’s performance. On the other hand, board independence holds an opposite relation. It was also found that the firm’s age and board size have little to no correlation to the firm’s performance.
{"title":"Directors’ compensation and firm performance in pharmaceuticals, chemicals and paper industry of Bangladesh","authors":"Sadia Sultana Hoque, M. S. Islam","doi":"10.5267/j.ac.2023.6.001","DOIUrl":"https://doi.org/10.5267/j.ac.2023.6.001","url":null,"abstract":"Theories working in the developed world sometimes fail to prove their accuracy in the developing world. So, researchers study these theories based on various countries, on different timelines as the real world is not so straight forward as theories & assumptions. In Bangladesh, very little work has been done regarding the effect of directors’ compensation on firm performance. So, this study has been undertaken to examine the relationship between these two. To test the theory a model comprising the age of the firm, log value of its assets, total asset turnover, firm size, and firm performance was developed. Using a sample of 38 listed firms of DSE from the Pharmaceutical & Chemical and Paper & Printing Industry as per the DSE website fixed-effect model & random effect model was run on the data from 2015 to 2021. And as the Hausman test suggested, the fixed-effect model is chosen to be more fit for BEP (Basic Earning Power). The focus of the study was the impact of directors’ compensation on firm performance. According to the analysis, it showed a negative correlation between directors’ compensation and firm performance. Firm size and asset turnover ratio have moderately positive correlation to the firm’s performance. On the other hand, board independence holds an opposite relation. It was also found that the firm’s age and board size have little to no correlation to the firm’s performance.","PeriodicalId":7317,"journal":{"name":"Accounting","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70748608","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}
Araceli Amorós Martínez, J. A. Rubio, Mónica Morales
This paper critically reviews the main empirical research on goodwill accounting with the purpose of informing and contributing to current debates: the application of a systematic amortisation plus an impairment when required (amortisation model) or an annual impairment-only test (impairment model). Using the main databases (ABI inform, ProQuest Central, Emerald, Science Direct, Scopus and Google Scholar), this critical review highlights the difficulty to resolve doubts at this stage. Arguments for and against the amortisation and impairment models are found. Nevertheless, going back to a systematic amortisation does not seem to be the solution but the impairment test model is eliminated. We also note that there is more room for improvement of the impairment model. Thus, we provide some guidelines and recommendations to improve it. Finally, we find that further investigation can be carried out to fill the gaps identified in the literature and we make recommendations for future research projects.
{"title":"Accounting for goodwill: A literature review","authors":"Araceli Amorós Martínez, J. A. Rubio, Mónica Morales","doi":"10.5267/j.ac.2022.9.002","DOIUrl":"https://doi.org/10.5267/j.ac.2022.9.002","url":null,"abstract":"This paper critically reviews the main empirical research on goodwill accounting with the purpose of informing and contributing to current debates: the application of a systematic amortisation plus an impairment when required (amortisation model) or an annual impairment-only test (impairment model). Using the main databases (ABI inform, ProQuest Central, Emerald, Science Direct, Scopus and Google Scholar), this critical review highlights the difficulty to resolve doubts at this stage. Arguments for and against the amortisation and impairment models are found. Nevertheless, going back to a systematic amortisation does not seem to be the solution but the impairment test model is eliminated. We also note that there is more room for improvement of the impairment model. Thus, we provide some guidelines and recommendations to improve it. Finally, we find that further investigation can be carried out to fill the gaps identified in the literature and we make recommendations for future research projects.","PeriodicalId":7317,"journal":{"name":"Accounting","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70748988","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 : 2023-01-01DOI: 10.5267/j.ac.2022.12.001
Okubokeme Derek Opudu, S. Ogoun
Drawing from the Financial Action Task Force (FATF, G7) recommendations and the Nigeria Anti-Money Laundering Act that provides the penance and dissuasion for crimes in Nigeria, this study sought to interrogate the efficacy of money laundering conviction rate as an instrument of anti-money laundering policy on capital formation in Nigeria. The study is hinged on contemporary deterrence theory. The study adopted the ex-post facto research design and used quarterly data from 1Q 2010 to 4Q 2019, which was sourced from the Nigerian Financial Intelligence Unit (NFIU), Economic and Financial Crime Commission (EFCC) and CBN statistical reports. Hence, Error Correction Model (ECM) was utilized to analyze the data. The findings indicate that the current money laundering conviction rate (MLCR) has a negative and non-significant effect on capital formation in Nigeria. Therefore, the study concludes that the current conviction rate is too weak to deter the act. Hence, it is recommended that the judicial system be rejigged with enabling legislation and autonomy to strengthen it to hasten the trial of such cases and ease conviction of culpable individuals, without necessarily putting innocent victims at jeopardy. Such autonomy should also be granted to the EFCC, ICPC, NFIU etc. and inter-agency synergy should be encouraged.
{"title":"Money laundering conviction rate and capital formation in Nigeria","authors":"Okubokeme Derek Opudu, S. Ogoun","doi":"10.5267/j.ac.2022.12.001","DOIUrl":"https://doi.org/10.5267/j.ac.2022.12.001","url":null,"abstract":"Drawing from the Financial Action Task Force (FATF, G7) recommendations and the Nigeria Anti-Money Laundering Act that provides the penance and dissuasion for crimes in Nigeria, this study sought to interrogate the efficacy of money laundering conviction rate as an instrument of anti-money laundering policy on capital formation in Nigeria. The study is hinged on contemporary deterrence theory. The study adopted the ex-post facto research design and used quarterly data from 1Q 2010 to 4Q 2019, which was sourced from the Nigerian Financial Intelligence Unit (NFIU), Economic and Financial Crime Commission (EFCC) and CBN statistical reports. Hence, Error Correction Model (ECM) was utilized to analyze the data. The findings indicate that the current money laundering conviction rate (MLCR) has a negative and non-significant effect on capital formation in Nigeria. Therefore, the study concludes that the current conviction rate is too weak to deter the act. Hence, it is recommended that the judicial system be rejigged with enabling legislation and autonomy to strengthen it to hasten the trial of such cases and ease conviction of culpable individuals, without necessarily putting innocent victims at jeopardy. Such autonomy should also be granted to the EFCC, ICPC, NFIU etc. and inter-agency synergy should be encouraged.","PeriodicalId":7317,"journal":{"name":"Accounting","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70748387","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 study examines the effects of board structure on information disclosure in annual reports of the listed firms in Sub-Saharan Africa countries' stock exchanges. Findings indicate that board size is positive and significantly related to information disclosure. However, findings indicate that the percentage of outside directors is not significantly related to information disclosure. This study contributes to corporate governance literature, especially in regard to the association between attributes of board structure and information disclosure. Findings of this study provide some practical benefits to regulators and policymakers in understanding the nexus between board structure and information disclosure in Sub-Saharan Africa. This would help policymakers and regulators to formulate policies and regulations with regards to board structure and good corporate governance practices, specifically those related to information disclosure.
{"title":"Does board structure influence firm disclosure? Evidence from selected sub-Saharan Africa countries","authors":"G. Munisi","doi":"10.5267/j.ac.2023.3.003","DOIUrl":"https://doi.org/10.5267/j.ac.2023.3.003","url":null,"abstract":"This study examines the effects of board structure on information disclosure in annual reports of the listed firms in Sub-Saharan Africa countries' stock exchanges. Findings indicate that board size is positive and significantly related to information disclosure. However, findings indicate that the percentage of outside directors is not significantly related to information disclosure. This study contributes to corporate governance literature, especially in regard to the association between attributes of board structure and information disclosure. Findings of this study provide some practical benefits to regulators and policymakers in understanding the nexus between board structure and information disclosure in Sub-Saharan Africa. This would help policymakers and regulators to formulate policies and regulations with regards to board structure and good corporate governance practices, specifically those related to information disclosure.","PeriodicalId":7317,"journal":{"name":"Accounting","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70749002","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 : 2023-01-01DOI: 10.5267/j.ac.2022.12.002
Fatma Khalfallah
The purpose of our research is to study the impact of financial crisis on Risk premium evolution for a set of emerging countries of MENA (Middle East and North Africa), giving special attention to the appreciation of the local risk premium in addition to the currency risk premium through the study of the dynamics of the financial integration under two assumptions: perfect integration and partial segmentation. At the methodological level, we test a conditional version of the international model of the financial assets ICAPM of De initially proposed by Adler and Dumas 1983 [Adler, M., & Dumas, B. (1983). International portfolio choice and corporation finance: A synthesis. The Journal of Finance, 38(3), 925-984.]. Our analysis is based on the conditional model of regime change of Bekaert and Harvey (1995) [Bekaert, G., & Harvey, C. R. (1995). Time‐varying world market integration. The Journal of Finance, 50(2), 403-444.], we follow the econometric modeling using the Kalman filter and the Markov regime-switching model with variable transition probabilities.
{"title":"The risk premium in times of financial crisis: an assessment from ICAPM on the MENA region","authors":"Fatma Khalfallah","doi":"10.5267/j.ac.2022.12.002","DOIUrl":"https://doi.org/10.5267/j.ac.2022.12.002","url":null,"abstract":"The purpose of our research is to study the impact of financial crisis on Risk premium evolution for a set of emerging countries of MENA (Middle East and North Africa), giving special attention to the appreciation of the local risk premium in addition to the currency risk premium through the study of the dynamics of the financial integration under two assumptions: perfect integration and partial segmentation. At the methodological level, we test a conditional version of the international model of the financial assets ICAPM of De initially proposed by Adler and Dumas 1983 [Adler, M., & Dumas, B. (1983). International portfolio choice and corporation finance: A synthesis. The Journal of Finance, 38(3), 925-984.]. Our analysis is based on the conditional model of regime change of Bekaert and Harvey (1995) [Bekaert, G., & Harvey, C. R. (1995). Time‐varying world market integration. The Journal of Finance, 50(2), 403-444.], we follow the econometric modeling using the Kalman filter and the Markov regime-switching model with variable transition probabilities.","PeriodicalId":7317,"journal":{"name":"Accounting","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70748425","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}
In very small organizations, the role of the manager in the choice and implementation of tools is predominant. In these entities, resources are scarce and accounting information systems are not very formalized. In this research work, we therefore sought to identify the typical profile of this manager and to understand his propensity to use accounting data. Several recent studies have highlighted the relevance of the concept of organizational bricolage to analyze the practices of small businesses. With this in mind, we have sought to explore the ways in which managers of small businesses use accounting information systems. For this, we opted for the qualitative research method based on semi-structured interviews with managers of small Tunisian companies. To conduct this study, we used a qualitative methodology. 36 companies were selected for study. The cross-site case study was favored because it maximizes generalization bias. Finally, the profile of the manager has an influence on the SIC and induces a type of MSE. The results of our research led to the conclusion that there are three types of small business leaders: survivalists, emerging and structured.
{"title":"The manager and the accounting information system in small companies","authors":"Imen Jammoussi, Mourad Mroua","doi":"10.5267/j.ac.2023.7.001","DOIUrl":"https://doi.org/10.5267/j.ac.2023.7.001","url":null,"abstract":"In very small organizations, the role of the manager in the choice and implementation of tools is predominant. In these entities, resources are scarce and accounting information systems are not very formalized. In this research work, we therefore sought to identify the typical profile of this manager and to understand his propensity to use accounting data. Several recent studies have highlighted the relevance of the concept of organizational bricolage to analyze the practices of small businesses. With this in mind, we have sought to explore the ways in which managers of small businesses use accounting information systems. For this, we opted for the qualitative research method based on semi-structured interviews with managers of small Tunisian companies. To conduct this study, we used a qualitative methodology. 36 companies were selected for study. The cross-site case study was favored because it maximizes generalization bias. Finally, the profile of the manager has an influence on the SIC and induces a type of MSE. The results of our research led to the conclusion that there are three types of small business leaders: survivalists, emerging and structured.","PeriodicalId":7317,"journal":{"name":"Accounting","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70748725","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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