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Articles 1 - 8 of 8
Full-Text Articles in Business
What Factors Discriminate Developed And Emerging Capital Markets?, Guoma Alrgibi, Mohamed Ariff, Louis Murray
What Factors Discriminate Developed And Emerging Capital Markets?, Guoma Alrgibi, Mohamed Ariff, Louis Murray
Mohamed Ariff
This article identifies variables that might help an analyst to classify a stock market as either a developed or an emerging market. Although these terms are used widely, the basis for the application of the two descriptors has not been examined, using quantitative method(s) to verify the characteristics associated with each. The aim of this article is to do that, through identification of those variables associated with developed and with emerging markets. Discriminant analysis is applied, to identify a number of characteristics that do successfully differentiate between each group of markets, and helps to provide authenticity to the terms - …
Charging Forward Into The Unscripted Future: Following The Script Of Interconnected Action, Amy Kenworthy, Laurie Dipadova-Stocks
Charging Forward Into The Unscripted Future: Following The Script Of Interconnected Action, Amy Kenworthy, Laurie Dipadova-Stocks
Amy L. Kenworthy
Purpose – The purpose of this paper is to provide a context for the compilation of papers and commentaries included in this International Journal of Organizational Analysis special issue on “Scripting the next wave of exigent issues for service-learning in our unscripted future: when technology, globalism, and community engagement collide.” Design/methodology/approach – The authors of this paper are the Guest Editors for the special issue. As such, in this paper, they provide a brief history of why the special issue was created and how it serves as an extension to the first special issue (Vol. 17 No. 1, 2009). Findings …
Moving Forward Together In Sustainable, Effective, And Partnership-Oriented Ways: Connecting Universities And Communities Through Global Leadership Service Projects, Robert Hogner, Amy Kenworthy
Moving Forward Together In Sustainable, Effective, And Partnership-Oriented Ways: Connecting Universities And Communities Through Global Leadership Service Projects, Robert Hogner, Amy Kenworthy
Amy L. Kenworthy
Purpose – Sustainable and effective university-community partnerships are not easy to create, yet they are an integral part of student community-based learning as they are uniquely designed to educate students about their roles as members of their local, national, and global communities. The purpose of this paper is to review the extant literature on effective university-community partnering and draw out key themes to assist practitioners and researchers who are involved in the design, execution, and analysis of partnership programs. Following the review, a model partnership program focused on increasing students’ knowledge and skills in the area of international citizenship, called …
The Effect Of Interest Rate Changes On Bank Stocks, John Vaz, Mohamed Ariff, Robert Brooks
The Effect Of Interest Rate Changes On Bank Stocks, John Vaz, Mohamed Ariff, Robert Brooks
Mohamed Ariff
This study examines the effect of publicly announced changes in official interest rates on the stock returns of the major banks in Australia during the period from 1990 to 2005. Previous studies of such effects have reported inconclusive and mixed results. US evidence suggests that banking stocks are generally negatively (positively) impacted by increases (decreases) in official interest rates. We find, somewhat unexpectedly, that Australian bank stock returns are not negatively impacted by the announced increases in official interest rates. Furthermore, banks apparently experience net-positive abnormal returns when cash rates are increased, which is consistent with dividend valuation theory that …
Implications Of The Ifrs Goodwill Accounting Treatment, G Wines, R Dagwell, Carolyn Windsor
Implications Of The Ifrs Goodwill Accounting Treatment, G Wines, R Dagwell, Carolyn Windsor
Carolyn Windsor
Purpose – This paper aims to critically examine the change in accounting treatment for goodwill pursuant to international financial reporting standards (IFRSs) by reference to the Australian reporting regime.
Design/methodology/approach – The paper discusses and compares the former Australian and the new IFRS treatments for goodwill. This comparison focuses on the advantages and potential complexities of the new method, with the aim of identifying the issues and challenges that preparers, independent auditors and those involved in corporate governance face in complying with the new requirements.
Findings – The paper highlights that the identification and valuation of cash-generating units and goodwill …
Corporate Spin-Offs, Their Price Reactions And Determinants In Malaysia, Chung-Sin Yoon, Mohamed Ariff
Corporate Spin-Offs, Their Price Reactions And Determinants In Malaysia, Chung-Sin Yoon, Mohamed Ariff
Mohamed Ariff
Spin-off as a form of financial restructuring has been examined in the US and the UK but not in other markets. This is a first study outside those markets. The evidence from a sample of 85 spin-off cases in Malaysia reveals that both the parent and the spin-off company stocks gain significant positive abnormal returns: parent firms earn smaller value while the spin-off firm gains substantially, much greater than is documented in other markets. Examining the factors correlated with the size of the spin-off effect, we find the abnormal returns are positively correlated with market capitalization and negatively correlated with …
The Efficacy Of Auditors' Going-Concern Opinions Compared With A Temporal And An Atemporal Bankruptcy Risk Model: Analysing Us Trade And Service Industry Failures 1974-1988, Carolyn Windsor, P Cybinski
The Efficacy Of Auditors' Going-Concern Opinions Compared With A Temporal And An Atemporal Bankruptcy Risk Model: Analysing Us Trade And Service Industry Failures 1974-1988, Carolyn Windsor, P Cybinski
Carolyn Windsor
Conflicting results have emerged from several past studies as to whether bankruptcy prediction models are able to forecast corporate failure more accurately than auditors’ going-concern opinions. Nevertheless, the last decade has seen improved modelling of the path-to-failure of financially distressed firms over earlier static models of bankruptcy. In the light of the current crisis facing the auditing profession, this study evaluates the efficacy of auditors’ going-concern opinions in comparison to two bankruptcy prediction models. Bankrupt firms in the U.S. service and trade industry sectors were used to compare model predictions against the auditors’ going-concern opinion for two years prior to …
Danish Evidence Of Auditors' Level Of Moral Reasoning And Predisposition To Provide Fair Judgements, Bent Warming-Rasmussen, Carolyn Windsor
Danish Evidence Of Auditors' Level Of Moral Reasoning And Predisposition To Provide Fair Judgements, Bent Warming-Rasmussen, Carolyn Windsor
Carolyn Windsor
The community has legislatively conferred on external auditors a special but lucrative responsibility to provide fair and independent opinions about management's preparation of company financial statements. In return, auditors are obliged by professional standards to act with integrity, independently and in the public interest. This study examined 174 auditors' predisposition to provide just and fair judgements, using Kohlberg's theory of developmental moral reasoning, one of the most widely accepted theories in justice psychology. Respondents came from five international audit firms in Copenhagen. Results indicated that auditors with pre-conventional or low level of just reasoning or comprised 64 respondents, the largest …