THE MODERATING EFFECTS OF PERSONALITY ON THE RELATIONSHIP BETWEEN BUDGET PARTICIPATION AND MOTIVATION TO REACH THE BUDGET GOAL
Justin (JP) Stearns University of Illinois – Springfield ABSTRACT This study presents the results of an experiment exploring the moderating effects of personality on the motivational impact of increased participation in setting budget goals. The author proposes that differences in personality dimensions will moderate the relationship between the level of budget participation in setting budget […]
IS SIGNALING BY LOCK-UP AND DISCOUNT RATES IN PRIVATE EQUITY OFFERINGS COSTLY? EVIDENCE FROM KOREA
G. Hwan Shin The University of Texas at Tyler ABSTRACTA Using a sample of firms that announce their first SEOs from January 2000 to December 2010 in Korea, this study empirically examines the relationship between the announcement effects of equity private placements and the signals (lock-up and discount rate) sent by the issuing firms. Without […]
RESOURCE CONSUMPTION ACCOUNTING: THE CHALLENGES AND APPLICATION OBSTACLES
Mohamed F. Elshahat Benha University, Egypt ABSTRACT The fundamental goal of this exploratory study is to draw attention to the possibility of adopting and applying the Resource Consumption Accounting (RCA), explain the concepts of RCA and its components, distinguishing its features, and identify the challenges and application troubles of this approach in the Egyptian business […]
IMPACT OF INTERNATIONAL FINANCIAL REPORTING STANDARDS ON CANADIAN CREDIT UNIONS
Daphne Rixon Karen Lightstone Saint Mary’s University ABSTRACT The purpose of this study is to examine the impact of International Financial Reporting Standards (IFRS) on key performance indicators (KPIs) of Canadian credit unions. Given that one of the primary goals of IFRS is to improve global financial reporting comparability, it is important to examine how […]
MUNICIPAL FISCAL STRESS: SELECTED MAJOR CASES OF THE 21ST CENTURY
Joshua R. Zender Humboldt State University Keren H. Deal Auburn University Montgomery ABSTRACT While considered uncommon in relation to U.S. corporate bankruptcies, an increasing number of Chapter 9 municipal defaults have occurred in the past twenty-five years. Bankruptcy has been voluntarily sought and, in most cases, successfully executed to overcome fiscal stress in U.S. cities […]
AN INTERNATIONAL COMPARISON OF TAX BASE EROSION DUE TO TAX EXPENDITURES
W.R. Singleton Western Washington University T. Nakamura INGO International ABSTRACT The use of tax expenditures (tax incentives and tax subsidies) in different countries provides a measure of tax base erosion due to governmental taxation choices. This study compares a sample of selected countries’ use of tax expenditures to determine if countries differ significantly in the […]
IMPROVING EARNINGS AND DIVIDENDS FORECASTS USING COINTEGRATION ANALYSIS
Roya K. Ardalan Old Dominion University ABSTRACT This study presents an approach for improving the accuracy of dividend and earnings forecasts. The theory of cointegration is applied to demonstrate that dividend and earnings are cointegrated and their relationship can be used to generate accurate forecasts for dividend and earnings. The error correction (ECM) model of […]
EVALUATING A CASH FLOW STATEMENT
Prakash Deo University of Houston-Downtown ABSTRACT Financial statement analyses generally include little discussion of cash flows. Many cash flow ratios have been developed along the lines of the traditional ratios and many of the cash flow ratios are derived by substituting cash flow from operations for the net income or the current assets in the […]
TIME DIFFERENTIAL EFFECTS OF CREDIT YIELD SPREAD AND INTEREST RATE DIFFERENTIAL ON THE CURRENCY CARRY TRADE RETURN: THE CASE OF JAPANESE YEN
Minje Jung Stephen M. Black University of Central Oklahoma ABSTRACT The yen carry trade involves borrowing of yen at rates close to zero and selling the yen (i.e., buying the dollar) to invest the proceeds in higher-yielding financial assets in U.S. The authors calculated yen carry returns for1-month, 3-month, and 1-year investment horizons, and examined […]
AN ANALYSIS OF COMPLIANCE AUDITS OF A STATE GOVERNMENT
Leonard Branson Frank Nation Derick Clark University of Illinois Springfield ABSTRACT To assure the public that its tax dollars are being used appropriately, governmental agencies are required to have an audit to see if they are operating according to the “rules”. These audits are referred to as compliance audits. These audits examine whether state agencies […]
