Return Predictability And The Real Option Value Of Segments,
2018
Jinan University - China
Return Predictability And The Real Option Value Of Segments, Pingui Rao, Heng Yue, Xin Zhou
Research Collection School Of Accountancy
Theory suggests that firm value should include the value of real options; that is, firms have the option to expand more profitable businesses and liquidate less profitable businesses. In a diversified firm, each segment has its own real options. Applying real options theory to a diversified firm at the firm level neglects the value of segment-level options. If investors overlook segment-level options, mispricing will occur. Using data from 1981 to 2013, we find that a hedge portfolio buying diversified firms in the highest decile of the estimated real option value of segments (RVS) and selling those in the lowest RVS …
Research Note: Investor Perceptions Of Comparable-To-Industry Versus Higher-Than-Industry Pay Ratio Disclosures,
2018
Singapore Management University
Research Note: Investor Perceptions Of Comparable-To-Industry Versus Higher-Than-Industry Pay Ratio Disclosures, Khim Kelly, Jean Lin Seow
Research Collection School Of Accountancy
The usefulness of the CEO-to-employee pay ratio disclosure to investors is subject to significant debate. Our experiment examines participant responses to higher-than-industry and comparable-to-industry pay ratio disclosures in a company. A prior experiment by Kelly and Seow (2016) (hereafter KS) found that incrementally disclosing a higher-than-industry pay ratio on top of higher-than-industry CEO pay had indirect negative effects on the company’s perceived investment potential, via negative perceptions about the fairness of the CEO pay and workplace climate. We find that the negative indirect effects of pay ratio disclosures on perceived investment potential in KS are replicable in our study, and …
Financial Reporting Changes And Internal Information Environment: Evidence From Sfas 142,
2018
Singapore Management University
Financial Reporting Changes And Internal Information Environment: Evidence From Sfas 142, Qiang Cheng, Young Jun Cho, Holly I. Yang
Research Collection School Of Accountancy
Using the adoption of SFAS 142 as an exogenous shock, we examine the effect of changes in financial reporting on firms’ internal information environment. SFAS 142 removed goodwill amortization and required firms to perform a two-step impairment test. We argue that complying with SFAS 142 induces managers to acquire new information and, therefore, improves managers’ information sets. Interviews with executives and auditors confirm this argument. Using a difference-in-differences design, we find that firms affected by SFAS 142 (i.e., treatment firms) experience an improvement in management forecast accuracy in the post-SFAS 142 period compared with those not affected. The increase is …
Using Data Analytics To Raise Productivity And Profitability: 4 Key Steps For Smes,
2018
Singapore Management University
Using Data Analytics To Raise Productivity And Profitability: 4 Key Steps For Smes, Gary Pan, Poh Sun Seow
Research Collection School Of Accountancy
It is widely believed that effective data analysis may create newbusiness opportunities as technological advancement may offercompanies greater ability to predict what their customers want.
Are Corporate Codes Of Ethics And Risk Assessment By Internal Auditors Associated With Sustainability Audits By Internal Auditors?,
2018
College of the Holy Cross
Are Corporate Codes Of Ethics And Risk Assessment By Internal Auditors Associated With Sustainability Audits By Internal Auditors?, Steven M. Desimone, Mohammad Abdolmohammadi
Economics Department Working Papers
An increasing number of organizations engage in sustainability reporting to the public. However, assurance of this disclosure is relatively new. In this study we investigate corporate codes of ethics and risk assessment by internal auditors as correlates of organizations’ engaging their internal audit functions (IAFs) in sustainability audits. Using data from a large sample of chief audit executives (CAEs) we find significant and positive associations between code of conduct and risk assessment and sustainability audits by IAFs. Also, we find positive and significant association between industry (environmentally sensitive vs. others), CAE experience, and CAE major (accounting vs. others) and sustainability …
Trade Secrets Law And Corporate Disclosure: Causal Evidence On The Proprietary Cost Hypothesis,
2018
Arizona State University
Trade Secrets Law And Corporate Disclosure: Causal Evidence On The Proprietary Cost Hypothesis, Yinghua Li, Yupeng Lin, Liandong Zhang
Research Collection School Of Accountancy
This study exploits the staggered adoption of the inevitable disclosure doctrine (IDD) by U.S. state courts as an exogenous shock that generates variations in the proprietary costs of disclosure. We find that firms respond to IDD adoption by reducing the level of disclosure regarding their customers’ identities, supporting the proprietary cost hypothesis. Our results are stronger for firms in industries with a higher degree of entry threats, for firms in more volatile industries, and for firms with a lower degree of external financing dependence. Overall, this study represents one of the first efforts in identifying the causal effect of proprietary …
State And Local Governments, March 1, 2018; Audit And Accounting Guide,
2018
University of Mississippi
State And Local Governments, March 1, 2018; Audit And Accounting Guide, American Institute Of Certified Public Accountants (Aicpa)
Industry Guides (AAGs), Risk Alerts, and Checklists
No abstract provided.
Not-For-Profit Entities, March 1, 2018; Audit And Accounting Guide,
2018
University of Mississippi
Not-For-Profit Entities, March 1, 2018; Audit And Accounting Guide, American Institute Of Certified Public Accountants (Aicpa)
Industry Guides (AAGs), Risk Alerts, and Checklists
No abstract provided.
Government Auditing Standards And Single Audits, March 1, 2018; Audit Guide,
2018
University of Mississippi
Government Auditing Standards And Single Audits, March 1, 2018; Audit Guide, American Institute Of Certified Public Accountants (Aicpa)
Industry Guides (AAGs), Risk Alerts, and Checklists
No abstract provided.
Financial Literacy And Accountability Within Black Baptist Churches,
2018
Liberty University
Financial Literacy And Accountability Within Black Baptist Churches, Joanne Suttington
Doctoral Dissertations and Projects
This study explored the lack of financial literacy and accountability of church leaders within black Baptist Church in fulfilling their financial stewardship responsibilities in overseeing the church’s resources. In order for churches to grow both spiritually and financially, the church leaders are critical to the overall success and sustainability of the organization. The conceptual framework for this study was based on the stewardship theory, which implied that church leaders would perform as responsible stewards in managing the church’s resources. In this study, the researcher used a qualitative method with a case study design to explore the education and experiences of …
Whyte, Samuel G., 1774-1833 - Letter To (Sc 3191),
2018
Western Kentucky University
Whyte, Samuel G., 1774-1833 - Letter To (Sc 3191), Manuscripts & Folklife Archives
Manuscript Collection Finding Aids
Finding aid and scans (Click on "Additional Files" below) for Manuscripts Small Collection 3191. Letters to Samuel G. Whyte, a member of the Shaker colony at South Union, Kentucky, from James A. Pearce, Louisville, Kentucky. Pearce discusses debts due to Whyte and urges Whyte to satisfy debts he owes to Pearce. He also refers to having his brother-in-law William Clark, an estate legatee, sign a deed of release for lands sold to Whyte.
Mclean, Eli, 1793-1870 And John Mclean, 1796-1862 (Sc 3192),
2018
Western Kentucky University
Mclean, Eli, 1793-1870 And John Mclean, 1796-1862 (Sc 3192), Manuscripts & Folklife Archives
Manuscript Collection Finding Aids
Finding aid and scans (Click on "Additional Files" below) for Manuscripts Small Collection 3192. Papers of Eli and John McLean, members of the Shaker colony at South Union, Kentucky: a bill to Eli for medicinal supplies; an order to Eli for carpet; a letter to John asking forbearance on payment of a note due; and a letter to Eli regarding the purchase of a sow.
Lexington And Georgetown Turnpike Company (Sc 3185),
2018
Western Kentucky University
Lexington And Georgetown Turnpike Company (Sc 3185), Manuscripts & Folklife Archives
Manuscript Collection Finding Aids
Finding aid only for Manuscripts Small Collection 3185. Financial records, including receipts, invoices, statements, treasure’s reports and sundry other records related to the Lexington and Georgetown Turnpike Company which maintained a toll road between those two cities in Kentucky. Incudes information about rock supplied, toll house maintenance, labor, supplies purchased, and services rendered in order to maintain the road.
Constructing Tax Efficient Withdrawal Strategies For Retirees,
2018
Pepperdine University
Constructing Tax Efficient Withdrawal Strategies For Retirees, James Dilellio, Dan Ostrov
Graziadio Working Paper Series
No abstract provided.
Beyond ‘Know-What’ And ‘Know-How’ To ‘Know-Who’: Enhancing Human Capital With Social Capital In An Australian Start-Up Accelerator,
2018
Edith Cowan University
Beyond ‘Know-What’ And ‘Know-How’ To ‘Know-Who’: Enhancing Human Capital With Social Capital In An Australian Start-Up Accelerator, Pi-Shen Seet, Janice T. Jones, Lloyd Oppelaar, Graciela Corral De Zubielqui
Research outputs 2014 to 2021
This study investigates the enhancement of human capital with social capital in a start-up accelerator and how this integration affects the entrepreneurial learning experience. In particular, it examines the relative importance of the three components ‘know-what’, ‘know-how’ and ‘know-who’. The study involved thematic analysis of semi-structured interviews with participants in an Australian start-up accelerator that is delivered using ideas such as Design Thinking, the Business Model Canvas and Lean Start-up methodology. We find that although the programme emphasised ‘know-what’ and ‘know-how’, ‘know-who’ was most significant for participant learning. The results indicate that mentors and experts were especially helpful in shaping …
Bridging Academic And Practice: Benefits, Challenges And Lessons Learnt From Establishing A University Wide Experiential Learning Initiative,
2018
Singapore Management University
Bridging Academic And Practice: Benefits, Challenges And Lessons Learnt From Establishing A University Wide Experiential Learning Initiative, Gary Pan, Poh Sun Seow, Grace Koh
Research Collection School Of Accountancy
The scale and complexity of challenges facing the world today are unprecedented. It is paramount that universities identify and equip students with relevant skills to meet the needs of the changing economy. Recognizing this need, Singapore Management University launched a new initiative, SMUX. In this paper we will describe SMU-X which is a paradigm shift focusing on experiential learning as opposed to teaching, characterized by 4 principles: (i) inter-disciplinary content and activities, (ii) project-based learning via an actual problem/issue faced by an organization, (iii) active student mentoring by faculty and industry, and (iv) creating a tripartite learning loop between faculty, …
Is Your Client’S Short-Term Rental Truly Tax Free?,
2018
East Tennessee State University
Is Your Client’S Short-Term Rental Truly Tax Free?, Michelle S. Freeman
ETSU Faculty Works
Article Excerpt: Tennessee is well-known to tourists. According to the Tennessee Economic and Community Development blog…..
Adoption, Importance And Barriers To The Implementation Of Contemporary Management Accounting Practices: Evidence From Egypt,
2018
The British University in Egypt
Adoption, Importance And Barriers To The Implementation Of Contemporary Management Accounting Practices: Evidence From Egypt, Amani Hussein
Business Administration
In present times, complexity in the business environment, and advanced technology has intensified the challenges for more management accounting information to meet global competition. Therefore, contemporary management
accounting practices (CMAPs), which focus on financial and non-financial information, have emerged to support
managers’ decision-making processes. This research is aimed at examining the adoption, importance and barriers to
the implementation of contemporary management accounting practices. To achieve its objectives, the research
conducted a survey and collected data on forty MAPs. The methodology of the study relied on factor analysis to
identify and group different variables into the main factors that contribute to …
Reframing The Board Diversity Issue: Set 25 By 25 Target,
2018
Singapore Management University
Reframing The Board Diversity Issue: Set 25 By 25 Target, Themin Suwardy, Surianarayanan Gopalakrishnan
Research Collection School Of Accountancy
Studies have shown there is clear association between aboard's gender diversity and company performance. Yet Singapore has been softerthan usual in pushing the agenda. In this commentary, the authors discussed theimportance of setting an explicit hard target with a fixed deadline to reframeboard diversity in Singapore.
Reframing The Board Diversity Issue: Set 25 By 25 Target,
2018
Singapore Management University
Reframing The Board Diversity Issue: Set 25 By 25 Target, Themin Suwardy, Surianarayanan Surianarayanan Gopalakrishnan
Research Collection School Of Accountancy
Studies have shown there is clear association between aboard's gender diversity and company performance. Yet Singapore has been softerthan usual in pushing the agenda. In this commentary, the authors discussed theimportance of setting an explicit hard target with a fixed deadline to reframeboard diversity in Singapore.
