An investigation of the comparative impact of degree of implementation of IFRS upon the public and private information quality of East and West European firms

2009 ◽  
Vol 25 (2) ◽  
pp. 208-215 ◽  
Author(s):  
Arsen Djatej ◽  
Grace Gao ◽  
Robert H.S. Sarikas ◽  
David L. Senteney
Keyword(s):  
Private Information ◽  
Information Quality ◽  
Public And Private ◽  
The Public ◽  
East And West ◽  
West European

scholarly journals An Investigation Of The Comparative Impact Of Degree Of Implementation Of IFRS Upon The Public And Private Information Quality Of Asia Pacific Country Firms

2010 ◽  
Vol 9 (3) ◽  
Author(s):  
Arsen Djatej ◽  
Grace Gao ◽  
Robert H.S. Sarikas ◽  
David L. Senteney
Keyword(s):  
Private Information ◽  
Information Quality ◽  
Public Information ◽  
Earnings Forecasts ◽  
Asia Pacific ◽  
Public And Private ◽  
Institutional Infrastructure ◽  
Asia Pacific Country ◽  
Equity Securities

This research investigates the comparative quality of public and private information environments between firms domiciled in 15 Asia Pacific countries of which seven are characterized as market supportive institutional infrastructure.  Our empirical analyses examine the comparative quality of public and private information components of equity securities analysts’ earnings forecasts for Asia Pacific firms, while controlling for firms cross-listing on U.S. equity securities exchanges and  country of domicile degree of implementation of IFRS.  Our results indicate that the quality of private information is higher for non-market supportive infrastructure countries, as compared to market-supportive infrastructure countries of domicile, and the quality of public information is higher for market-supportive infrastructure as compared to non-market-supportive infrastructure countries of domicile.  Furthermore, and particularly noteworthy, is that our results indicate that country of domicile degree of implementation of IFRS increases the quality of public information and decreases the quality of private information for both market-supportive infrastructure and non-market-supportive infrastructure countries of domicile, and also that the decrease in the quality of private and increase in the quality of public information associated with degree of implementation of IFRS are significantly more pronounced for market-supportive infrastructure countries relative to non-market-Supportive infrastructure countries of domicile.  We believe that our results suggest that IFRS is more beneficial for countries having market supportive institutional infrastructure in place as compared with those who do not.

The Public and Private Information Sources of Volatility

2011 ◽  
Author(s):  
Anne Opschoor ◽  
Michel van der Wel ◽  
Dick J. C. van Dijk ◽  
Nicholas Taylor
Keyword(s):  
Private Information ◽  
Information Sources ◽  
Public And Private ◽  
The Public

scholarly journals Intervención pública en el paisaje urbano en Madrid. Un informe = Public intervention in the urban landscape in Madrid. A report

2019 ◽  
pp. 26
Author(s):  
Antonio Díaz Sotelo
Keyword(s):  
Economic Activity ◽  
Urban Landscape ◽  
Public And Private ◽  
Public Intervention ◽  
The Public ◽  
Historic Center ◽  
Commercial Landscape ◽  
The Relationship ◽  
The City

ResumenEl objeto de este texto es la exposición y análisis de los procedimientos de intervención pública en el paisaje urbano de la ciudad de Madrid. El objetivo último de ese análisis es identificar el modelo público para el paisaje urbano en Madrid.  Este texto se centra en la exposición analítica de documentos oficiales antes que en sus conclusiones definitivas, por lo que le corresponde la denominación de Informe.  Este informe se organiza en dos partes: una exposición teórica que enmarca el posterior análisis de instrumentos administrativos de intervención en el paisaje.  Se concibe como parte de la investigación de Tesis Doctoral titulada “Transformación Reciente del Paisaje Comercial en el Centro Histórico”, acotada en un marco temporal de apenas diez años, marcado por la crisis y la desregulación económica, y en un marco territorial limitado al centro histórico de Madrid. Esa investigación se enmarca en una reflexión general sobre la relación entre actividad económica y paisaje urbano. El interés de este informe para la investigación es sobre la utilidad de ese modelo público para el paisaje urbano en Madrid como parámetro para valorar la rentabilidad de los esfuerzos públicos y privados en la mejora de la calidad del paisaje urbano.AbstractThe purpose of this text is the exhibition and analysis of public intervention procedures in the urban landscape of the city of Madrid. The ultimate goal of this analysis is to identify the public model for the urban landscape in Madrid. This text focuses on the analytical exposition of official documents rather than on their final conclusions, for which reason the denomination of Report corresponds. This report is organized in two parts: a theoretical exposition that frames the subsequent analysis of administrative instruments of intervention in the landscape. It is conceived as part of the Doctoral Thesis research titled "Recent Transformation of the Commercial Landscape in the Historic Center", bounded within a period of just ten years, marked by the crisis and economic deregulation, and in a territorial framework limited to the historic center of Madrid. This research is part of a general reflexion on the relationship between economic activity and urban landscape. The interest of this report for the investigation is about the utility of that public model for the urban landscape in Madrid as a parameter to assess the profitability of public and private efforts in improving the quality of the urban landscape.

scholarly journals Transfer of Development Rights as Incentives for Regeneration of Illegal Settlements

2014 ◽  
Vol 11 ◽  
pp. 639-646 ◽  
Author(s):  
Nico Calavita ◽  
Francesco Calabrò ◽  
Lucia Della Spina
Keyword(s):  
Public And Private ◽  
The Public ◽  
Multiple Dimensions ◽  
Urban Rural ◽  
Development Rights ◽  
Urban Complex ◽  
Private Actors ◽  
The City ◽  
Original Approach

In Italy, southern cities are often characterized by widespread phenomena of illegal settlements, that have resulted among other things in a worsening of the quality of life of the urban-rural interface, and the decline of the considerable architectural interest of the entire city. .The goal of this paper is to propose an approach that would help requalify what is already built, to make the best of what has been realized by focusing on the quality and liveability of the city. This approach is based on a particular methodology based on the promotion of Urban Complex Programs (PUC), which provide a system of development rights resulting from the demolition of unfinished illegal settlements . The benefits of this approach are many, including improvements in efficiencies and safety, meeting demands of environmental protection and reducing consumption of energy, responding to the highest standards of protection and seismic risk prevention. They can be obtained only on one condition: that they are based on a system of collective and public conveniences in accordance with the principle of sustainability in multiple dimensions (environmental, cultural, technological, political, institutional, social and economic). But for this approach to be viable it needs also to be convenient for the private actors as well. With this paper we hope to provide first an original approach that can improve the conditions of cities burdened with the problems of illegal settlements that is both sustainable and convenient and, second, an instrument that can provide information for both the public and private sectors on the fairness of the procedure and their mutual interest in pursuing this approach.

Why does bank screening matter? Private information and publicly traded securities

2016 ◽  
Vol 12 (5) ◽  
pp. 478-497 ◽  
Author(s):  
Edwin Harold Neave
Keyword(s):  
Moral Hazard ◽  
Market Share ◽  
Private Information ◽  
Equilibrium Model ◽  
Profit Maximization ◽  
Public And Private ◽  
Content Type ◽  
Equilibrium Pricing ◽  
The Public ◽  
Large Market

Purpose The purpose of this paper is to use an equilibrium model to identify the public and private informational requirements for equilibrium pricing and shows that unless these informational requirements are met, skin-in-the-game policies will not be fully effective against moral hazard for banks with relatively large market share. Selling securitizations with recourse can be. Design/methodology/approach The single-period model shows equilibrium prices depend on both public and private information, the latter produced as banks screen loans. If bank has a sufficiently large market share, it can profit by omitting the screening unless investors can detect the change. The author derives the profit function for not screening, shows that a skin-in-the-game policy cannot fully offset its incentives, and proposes a sale with recourse policy that can. Findings To value securitizations correctly, investors require both publicly and privately available information. If investors cannot monitor banks closely, correct pricing can be frustrated by profit maximization incentives, since banks with large market shares can profit from not screening. Skin-in-the-game policies cannot fully offset these incentives. Research limitations/implications The equilibrium model identifies the public and private informational requirements for equilibrium pricing and shows that unless these informational requirements are met, skin-in-the-game policies will not be fully effective for banks with relatively large market share. Selling securitizations with recourse can be more fully effective. Practical implications If it is difficult for investors to obtain private information, skin-in-the-game policies are not provide fully effective remedies against moral hazard. Sales with recourse policies offer promise because they are easy for investors to understand and difficult to evade. Social implications Trading on the basis of private information can create perverse incentives, and appropriate corrective policies can help offset them. Originality/value The general equilibrium methodology, the findings of incentives to avoid screening, the flaws with skin-in-the-game policies, and the proposal for sale with recourse are all new.

scholarly journals Staff‐Prisoner Relationships, Staff Professionalism, and the Use of Authority in Public‐ and Private‐Sector Prisons

2015 ◽  
Vol 40 (02) ◽  
pp. 309-344 ◽  
Author(s):  
Ben Crewe ◽  
Alison Liebling ◽  
Susie Hulley
Keyword(s):  
Private Sector ◽  
Public Service ◽  
Service Provision ◽  
Public And Private ◽  
Frontline Staff ◽  
The Public ◽  
Private Prison ◽  
Public And Private Sector ◽  
Specific Impact

Prison privatization has generally been associated with developments in neoliberal punishment. However, relatively little is known about the specific impact of privatization on the daily life of prisoners, including areas that are particularly salient not just to debates about neoliberal penality, but the wider reconfiguration of public service provision and frontline work. Drawing on a study of values, practices, and quality of life in five private‐sector and two public‐sector prisons in England and Wales, this article seeks to compare and explain three key domains of prison culture and quality: relationships between frontline staff and prisoners, levels of staff professionalism (or jailcraft), and prisoners' experience of state authority. The study identifies some of the characteristic strengths and weaknesses of the public and private prison sectors, particularly in relation to staff professionalism and its impact on the prisoner experience. These findings have relevance beyond the sphere of prisons and punishment.

scholarly journals ANALISA KUALITAS SISTEM INFORMASI E-RAPORT PADA SEKOLAH SMPN 5 KOTA TANGERANG TERHADAP KEPUASAN PENGGUNA MENGGUNAKAN METODE WEBQUAL 4.0

2021 ◽  
pp. 10-21
Author(s):  
Monalisa
Keyword(s):  
Public Schools ◽  
Student Development ◽  
User Satisfaction ◽  
Information Quality ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Primary Data ◽  
The Public ◽  
Interaction Quality

The e-Raport system is used as an information system designed by schools to inform parents of student development by schools, which has been implemented in all state schools in various provinces in Indonesia including Banten province. SMPN 5 Tangerang is one of the public schools in Tangerang city that uses the e-Raport System as a substitute for reports of students' learning outcomes manually. The problem raised in this study is whether the quality of the e-Raport System affects user satisfaction. This research focuses on user satisfaction e-Raport system using webQual 4.0 method consisting of 3 variables namely usability, information quality, and interaction quality. The data used in the primary data, namely by distributing questionnaires using a likert scale with 20 points of statement to 400 respondents. Data obtained and processed using multiple linear regression analysis techniques using SPSS software. Based on webqual variable 4.0, the analysis results showed that the quality of usefulness, information quality, and interaction quality influenced user satisfaction.

scholarly journals Arbeid in publieke en private sectoren vergeleken

2012 ◽  
Vol 28 (3) ◽  
Author(s):  
Peter Smulders ◽  
Irene Houtman
Keyword(s):  
Higher Education ◽  
Working Conditions ◽  
Financial Services ◽  
The Other ◽  
Public And Private ◽  
The Public ◽  
Quality Of Work ◽  
Public Sectors ◽  
Emotional Strain

Work in public and private sectors compared Work in public and private sectors compared During the past years, Dutch media made mention of work problems and social unrest in the public sectors. However, research did not focus very strongly on the quality of work in these sectors. Therefore the aim of this article is to describe working conditions and terms of employment in the public sectors in comparison with the private sectors in the Netherlands. The data used were gathered by TNO and Statistics Netherlands in 2010 with the annual Netherlands Working Conditions Survey. The 2010-sample contained 23.000 workers, representative for the Dutch work force.The analyses – centered on 10 public and 10 private sectors – show clearly that mental-emotional strain is higher in the public sectors than in private sectors. On the other hand, physical strain, dangerous work and irregular working hours, are encountered more frequently in the private sectors. In the public sectors employees work more with permanent contracts and in shorter working weeks. Work uncertainty is seen above average in the financial and commercial services and in the transportation sector, but also in government departments, the judiciary and the police. Feelings of burn out are found most often in the three educational sectors. Pay satisfaction is highest among workers in the financial services, higher education and government departments, and lowest in the police and the hotel and catering industry. On average overall work satisfaction is highest in the public sectors.In addition, the analyses show that the 10 public sectors cannot be seen as one whole; the same is true for the 10 private sectors. As far as the quality of work is concerned, government departments, local governments, provinces and higher education resemble commercial and financial services. But primary and secondary education, health care and the police differ significantly from the other public sectors.

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