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Articles 1 - 7 of 7
Full-Text Articles in Business
A New Method Of Measuring Financial Risk Aversion Using Hypothetical Investment Preferences: What Does It Say In The Case Of Gender Differences?, A. Seddik Meziani, Elliot Noma
A New Method Of Measuring Financial Risk Aversion Using Hypothetical Investment Preferences: What Does It Say In The Case Of Gender Differences?, A. Seddik Meziani, Elliot Noma
Department of Accounting and Finance Faculty Scholarship and Creative Works
Aversion to risk is one of the main factors driving investment decisions. Studies have been based on either simple decisions in a laboratory setting or real-life decisions viewed in retrospect. The study's main contribution to the literature consists of a new and elaborate method of measuring risk combined with a real-world investment task brought into a laboratory setting and show that in this controlled environment on average women are more risk averse than men. Unlike previous studies, the authors measure risk tolerance in units that naturally map into the risk-return space used by investors, giving them the missing tool to …
Masked Instability: Within-Sector Financial Risk In The Presence Of Wealth Inequality, Youngna Choi
Masked Instability: Within-Sector Financial Risk In The Presence Of Wealth Inequality, Youngna Choi
Department of Applied Mathematics and Statistics Faculty Scholarship and Creative Works
We investigate masked financial instability caused by wealth inequality. When an economic sector is decomposed into two subsectors that possess a severe wealth inequality, the sector in entirety can look financially stable while the two subsectors possess extreme financially instabilities of opposite nature, one from excessive equity, the other from lack thereof. The unstable subsector can result in further financial distress and even trigger a financial crisis. The market instability indicator, an early warning system derived from dynamical systems applied to agent-based models, is used to analyze the subsectoral financial instabilities. Detailed mathematical analysis is provided to explain what financial …
Analytical Procedures In External Auditing: A Comprehensive Literature Survey And Framework For External Audit Analytics, Deniz Appelbaum, Alex Kogan, Miklos A. Vasarhelyi
Analytical Procedures In External Auditing: A Comprehensive Literature Survey And Framework For External Audit Analytics, Deniz Appelbaum, Alex Kogan, Miklos A. Vasarhelyi
Department of Accounting and Finance Faculty Scholarship and Creative Works
There is an increasing recognition in the public audit profession that the emergence of big data as well as the growing use of business analytics by audit clients has brought new opportunities and challenges. That is, should more complex business analytics beyond the customary analytical procedures be used in the engagement and if so, where? Which techniques appear to be most promising? This paper starts the process of addressing these questions by examining extant external audit research. 301 papers are identified that discuss some use of analytical procedures in the public audit engagement. These papers are then categorized by technique, …
Financial Auditor And Sustainability Reporting: Does It Matter?, Belen Fernandez-Feijoo, Silvia Romero, Silvia Ruiz
Financial Auditor And Sustainability Reporting: Does It Matter?, Belen Fernandez-Feijoo, Silvia Romero, Silvia Ruiz
Department of Accounting and Finance Faculty Scholarship and Creative Works
The objective of this paper is to investigate the yet-to-develop assurance market, its links with the mature auditing market, and the role that the Big4 auditing firms (KPMG, EY, PwC, and Deloitte) play in the former. We use data submitted to the Global Reporting Initiative by companies in 18 countries, for the years 2011–2013, in order to obtain a global overview that allows generalization of the results. We find higher levels of disclosure and increased credibility of sustainability reports (SRs) when the financial auditor is a Big4. Companies audited by a Big4 are more likely to assure the SR than …
Making Government Data Valuable For Constituents: The Case For The Advanced Data Analytics Capabilities Of The Enhance Framework, Stephen Kozlowski, Hussein Issa, Deniz Appelbaum
Making Government Data Valuable For Constituents: The Case For The Advanced Data Analytics Capabilities Of The Enhance Framework, Stephen Kozlowski, Hussein Issa, Deniz Appelbaum
Department of Accounting and Finance Faculty Scholarship and Creative Works
Constituent demands for improved transparency in governmental reporting have increased since the 2008 financial crisis in the U.S. that impacted the financial well-being of many individuals and entities, including state and local municipalities. Since then, several governmental entities have provided an open data environment. However, these early initiatives do not incorporate robust analytic capabilities that are able to satisfy numerous and varied constituent inquiries. This research proposes development of the ENHanced ANalytic Constituent Environment (ENHANCE) framework in response to the analytic nature of the inquiries from various governmental stakeholders such as citizens, analysts, bond investors, creditors, vendors, auditors, and oversight …
The Emerging International Taxation Problems, James G. Yang, Victor N.A. Metallo
The Emerging International Taxation Problems, James G. Yang, Victor N.A. Metallo
Department of Accounting and Finance Faculty Scholarship and Creative Works
The problems of tax evasion and tax avoidance are as old as taxes themselves. Between 2015 and 2016 alone, many U.S. multinational corporations were involved in tax disputes with the European Commission. From a historical perspective, these disputes are unprecedented as they have resulted in tremendous amount of tax penalties. The most notable case was Apple for €13 billion of unpaid tax. This article discusses what tax strategies these corporations used that caused such disputes. It specifically investigates seven corporations: Apple Inc., McDonald’s, Starbucks, Fiat, Amazon, Google, and Ikea, and elaborates on the following tax strategies: high royalties, intercompany transfer …
Sustainability Reporting And Stakeholder Engagement In Spain: Different Instruments, Different Quality, Silvia Romero, Silvia Ruiz, Belen Fernandez‐Feijoo
Sustainability Reporting And Stakeholder Engagement In Spain: Different Instruments, Different Quality, Silvia Romero, Silvia Ruiz, Belen Fernandez‐Feijoo
Department of Accounting and Finance Faculty Scholarship and Creative Works
The purpose of this paper is to compare the quality of the sustainability information issued following the three most common reporting models: annual report (addressed to shareholders), sustainability report (addressed to stakeholders), and integrated report (addressed to shareholders). To this aim, we create a quality index based on previous literature, analyzing the content of the sustainability information disclosed by Spanish listed companies during the years 2013 to 2015. We find that companies issuing sustainability reports or integrated reports provide higher quality information than companies including their sustainability information within the annual report. We also find that sustainability reports are issued …