IMPACT OF CORONAVIRUS ON CASH FLOWS IN UNIVERSITY BUDGETS: EXPLORATORY STUDY
Klaus S. Beckmann Srinivasan Ragothaman University of South Dakota ABSTRACT There are dire predictions for future enrollments in 4-year colleges due to Coronavirus. According to Lapovsky (2020), undergraduate enrollments may decline 15 to 40 percent. Therefore, undergraduate revenue declines could be as much as 20 percent and more for individual universities. Students may be reluctant […]
THE SHORT-TERM EFFECT OF GOODWILL IMPAIRMENT ANNOUNCEMENTS ON COMPANIES’ STOCK PRICES
Lucy P. Allen Jorge Baez National Economic Research Associates, Inc. ABSTRACT This study examines the short-term effect of goodwill impairment announcements on companies’ stock prices. The substantial changes in accounting rules regarding goodwill impairment in recent years, as well as the expected increase in goodwill impairment announcements given the current COVID-19-driven economic downturn, make this […]
CAN A NATIONAL SALES TAX ELIMINATE THE CURRENT INCOME TAX SYSTEM?
Ronald A. Stunda Valdosta State University ABSTRACT During 2019, 60 Fortune 500 companies avoided all federal taxes. Overall $16 billion in federal income taxes would have been collected by the U.S. Treasury if these companies had paid the statutory 21 percent federal tax rate. Add the fact that the average tax rate paid by the […]
NOT-FOR-PROFIT ASSET MISAPPROPRIATION IN SOUTH CENTRAL PENNSYLVANIA
Gabrielle Robinson-Fish Liberty University Stanley W. Self Purdue University Global Mohamad Majdi Sahloul American Accounting Academy ABSTRACT Fraud is increasing in the not-for-profit (NFP) sector. Asset misappropriation is the most-commonly perpetrated fraud in NFPs. Although approximately 90% of all reported frauds are asset misappropriation, a gap in existing research results in limited data regarding asset […]
CAPITAL BUDGETING AND FINANCIAL MANAGEMENT IN INVESTMENT DECISIONS: AN ILLUSTRATIVE STUDY
Okeniyi Oke Business Services and Statistical Consulting Lamine J. Conteh Southwest Minnesota State University ABSTRACT Effective project analysis is essential to the optimization of creative, strategic, and thoughtful financial management investment decision-making. Capital budgeting techniques-a process in an enterprise’s long- term investment planning, lie at the core of such financial decision analysis. The purpose of […]
THE EFFECT OF INDEPENDENT DIRECTORS, CEO TENURE AND CO-OPTED DIRECTORS ON 8-K FILING: EMPIRICAL STUDY
Naser Khaledi Kuwait University ABSTRACT This study examines the effect of independent directors, tenured CEOs, and coopted directors (board members appointed by the current CEO) on the frequency of 8-K filing. Utilizing financial data for the fiscal years 2015–2018, and the stepwise regression. The results of this study revealed that the tenured CEOs and co-opted […]
