The incremental informativeness of public subsidiary earnings

2018 ◽  
Vol 26 (2) ◽  
pp. 272-290 ◽  
Author(s):  
Abbie Daly
Keyword(s):  
Design Methodology ◽  
Information Environment ◽  
Stock Exchanges ◽  
Content Type ◽  
German Stock ◽  
Growth Prospects ◽  
Disclosure Requirement ◽  
Practical Implications

Purpose This study aims to investigate how holding public subsidiaries affects the information environment of consolidated entities in Germany. Design/methodology/approach The sample consists of German consolidated entities that are traded on major German stock exchanges over the fiscal years 2005-2012 and hold subsidiaries with public common equity. The informativeness of earnings, defined as the association between earnings and returns, is used to investigate how holding public subsidiaries affects the information environment of consolidated entities. Findings Findings suggest that public subsidiary earnings are incrementally informative about consolidated entity returns beyond both consolidated and segment earnings reported by consolidated entities in Germany. An investigation into the factors that affect the incremental informativeness of public subsidiary earnings reveals that public subsidiary earnings are more incrementally informative when, compared to the consolidated entity, they are relatively large, have dissimilar growth prospects and are from the same country (i.e. Germany). Practical implications These findings suggest that this disclosure is useful to investors and that this type of disclosure could be valuable to adopt in other countries that do not have this disclosure requirement. Originality/value These findings contribute to the streams of literature that: investigate ways that regulators can improve the information environment of corporations, compare the informativeness of accounting measures and investigate the informativeness of subsidiary information.

Cross-sectional return patterns in New Zealand’s registered and OTC stock markets

2015 ◽  
Vol 27 (1) ◽  
pp. 51-68 ◽  
Author(s):  
Hamish Anderson ◽  
Ben Marshall ◽  
Xiao Wang
Keyword(s):  
Stock Returns ◽  
Design Methodology ◽  
Explanatory Power ◽  
International Markets ◽  
Stock Exchanges ◽  
Cross Sectional ◽  
Over The Counter ◽  
Content Type ◽  
Pricing Factors ◽  
Practical Implications

Purpose – This paper aims to examine whether the cross-sectional return patterns in New Zealand’s main stock market (NZSX) are also present in the alternative (NZAX) and over-the-counter (Unlisted) markets. Design/methodology/approach – Cross-sectional regressions of monthly stock returns on well-known pricing factors including firm size, book-to-market (B/M) ratio, liquidity and past returns were run. The NZSX sample commenced in 1988 and continued through to 2011, while data are available for the Unlisted and NZAX markets from 2004 to 2011. Findings – The pricing factors that are important in explaining returns in major international markets also influence returns on the NZSX. However, only B/M is consistently priced across all New Zealand stock exchanges, including the alternative NZAX and Unlisted markets. There is evidence of reversal in NZAX stocks, but liquidity effects are not consistent or pervasive in either market. Practical implications – With B/M being the only consistently priced variable across all markets, investors in the NZAX and in particular Unlisted may be concerned with other risk factors. For example, the risks associated with differing levels of investor protection, corporate governance and disclosure may be of more concern to investors than pricing factors such as size, liquidity and past returns in these alternative trading platforms. Originality/value – The paper examines cross-sectional return patterns of the NZAX and Unlisted stocks and is the first paper to jointly test the explanatory power of size, B/M, past returns and liquidity factors for NZSX stocks.

Mapping the cataloguing practices in information environment: a review of linked data challenges

2018 ◽  
Vol 119 (9/10) ◽  
pp. 586-596 ◽  
Author(s):  
Nazia Wahid ◽  
Nosheen Fatima Warraich ◽  
Muzammil Tahira
Keyword(s):  
Linked Data ◽  
Design Methodology ◽  
Information Sources ◽  
Relevant Literature ◽  
Information Environment ◽  
Content Type ◽  
Library Community ◽  
Information Professionals ◽  
Legacy Data ◽  
Practical Implications

Purpose This study aims to explore the development of cataloguing standards used to organize information sources in libraries and information centers. Its key objective is to assess the challenges faced by information professionals to apply new bibliographic standards in linked data (LD) environment. Design/methodology/approach This study is based on extensive review of scholarly literature. Several databases were searched to identify relevant literature. Keywords such as RDA, FRBR, MARC and BIBFRAME were used along with LD to conduct search. Related literature was consulted and reviewed accordingly. Findings Findings reveal that cataloguing standards are subsequently evolving with the advancement of information technology. Libraries have been publishing their legacy metadata into LD. Many tools are developed for mapping the library metadata into LD applications. The Library of Congress has developed BIBFRAME model to fulfill the requirements of new bibliographic standards by using LD technology. It is found that extensive use of MARC standards, complexity of LD technologies, non-availability of vocabulary and inconsistency of terminologies are the major challenges for libraries to adopt LD applications. Practical implications This review will be a valuable addition for LIS scholars to understand the challenges of LD application. This study would be significant for the library community and policymakers who are interested in implementing LD technologies. Originality/value This paper is a one of its kind, where the development in cataloguing models and standards is explained along with the challenges to adopt LD applications for legacy data.

Simpler online ratings formats increase consumer trust

2017 ◽  
Vol 11 (2) ◽  
pp. 131-141 ◽  
Author(s):  
Alena Kostyk ◽  
James M. Leonhardt ◽  
Mihai Niculescu
Keyword(s):  
Design Methodology ◽  
Experimental Studies ◽  
Consumer Involvement ◽  
Information Environment ◽  
Processing Fluency ◽  
Consumer Trust ◽  
Future Research ◽  
Content Type ◽  
Online Ratings ◽  
Practical Implications

Purpose Online customer ratings are ubiquitous in e-commerce. However, in presenting these ratings to consumers, e-commerce websites utilize different formats. The purpose of this paper is to investigate the effects of customer ratings formats on consumer trust and processing fluency. Design/methodology/approach Drawing on the latest behavioral research, two empirical experimental studies test whether the format of online customer ratings affects consumer trust and processing fluency. Findings The studies offer converging evidence that a simpler ratings format (i.e. mean format) elicits higher processing fluency and, in turn, higher consumer trust than does a more complex ratings format (i.e. distribution format). Research limitations/implications Future research could include additional factors that might influence the ease of online ratings processing for consumers. Investigation of possible moderators, such as need for cognition, numeracy and consumer involvement, may also be of value. Practical implications These findings have timely practical implications for the design and presentation of customer ratings to enhance e-commerce outcomes. Originality/value This paper extends the effects of processing fluency on consumer trust to the increasingly important context of e-commerce. In doing so, it highlights important interactions between the evolving information environment and consumer judgment. The key takeaway for managers is that simpler online customer ratings formats help to enhance consumer trust.

Technological change, today and yesterday

2016 ◽  
Vol 33 (1) ◽  
pp. 5-8 ◽  
Author(s):  
Donna E Frederick
Keyword(s):  
Linked Data ◽  
Design Methodology ◽  
Open Data ◽  
Information Environment ◽  
Open Access Publishing ◽  
Content Type ◽  
New Ideas ◽  
New Beginnings ◽  
Exciting Time ◽  
Practical Implications

Purpose – The inaugural installment of the column data deluge and open knowledge comes at the close of a year which saw changes, developments and new beginnings for libraries in the areas of linked data, open data, metadata, open access publishing and other related movements. Design/methodology/approach – The methodology adopted is a literature review. Findings – Sometimes, changes in the information environment present themselves like towering waves crashing into rugged cliffs and librarians stand at the edge in awe of the spectacle. At other times, despite the crashing waves, librarians lead massive projects to build the standards and infrastructure to capture the water and direct its flow. Practical implications – The overall trend for the latter librarians is toward developing and adopting new ideas, methods, approaches and services to support finding and sharing data in an increasingly large and complex online context. As many of author’s colleagues have commented in recent years, “now is an exciting time to be a librarian”. Originality/value – The author heartily agree and look forward to sharing, through this column, the highlights of these exciting times.

Disclosure of intangible liabilities: comparative study of the banking sectors in Panama and Colombia

2020 ◽  
Vol 21 (4) ◽  
pp. 635-656
Author(s):  
Edila Eudemia Herrera Rodríguez ◽  
Iván Andrés Ordóñez-Castaño
Keyword(s):  
Voluntary Disclosure ◽  
Design Methodology ◽  
Age And Growth ◽  
Future Research ◽  
Stock Exchanges ◽  
Intangible Asset ◽  
Extended Model ◽  
Content Type ◽  
Practical Implications ◽  
Activity Information

PurposeThis research examines the likelihood that Panamanian and Colombian banks listed on their respective stock exchanges voluntarily disclose intangible liabilities based on such variables as their size, profitability, indebtedness, age and growth. The presented findings concur with agency theory, signalling theory and the owner-cost theory.Design/methodology/approachThe authors propose a probabilistic model to test the influence of size, profitability, indebtedness, age and growth on the disclosure of intangible liabilities. The dependent variable, the disclosure index, was constructed from a dichotomous approach using Harvey and Lusch's (1999) model, which has 24 characteristics, plus six that we added in our research. These were grouped into four categories: procedures, human activity, information and organisational structure.FindingsBanks in Panama and Colombia with a larger size, higher profitability, lower age and higher growth are more likely to disclose more information about their intangible liabilities. However, indebtedness does not serve as a determinant of the disclosure of these liabilities, even though its relationship is negative.Research limitations/implicationsThe limitation of the research was the voluntary disclosure of information about these liabilities on firms' websites.Practical implicationsThe contributions of this research are as follows. First, we used an intangible asset disclosure methodology to verify the disclosure of intangible liabilities, in line with Harvey and Lusch's model, as well as providing another six indicators, thereby producing an extended model. Second, being the first empirical research to study the disclosure of intangible liabilities in Panama and Colombia opens a door to future research on this topic.Social implicationsThis research provides a significant practical contribution to society because banks listed on public stock markets, understanding that undisclosed intangible liabilities lead to opportunity costs in their profitability, might tend to disclose more information, thus promoting greater transparency in the market.Originality/valueThe main contribution of this research is applying an intangible asset disclosure methodology to the disclosure of intangible liabilities, following Harvey and Lusch's (1999) model, as well as the creation of an expanded model.

Metrics for an increasingly complicated information ecosystem

2015 ◽  
Vol 39 (6) ◽  
pp. 848-854 ◽  
Author(s):  
David Stuart
Keyword(s):  
Design Methodology ◽  
Scientific Discourse ◽  
Information Environment ◽  
Bibliometric Indicators ◽  
Scientometric Indicators ◽  
Content Type ◽  
Web Technologies ◽  
Potential Impact ◽  
Practical Implications

Purpose – The purpose of this paper is to encourage recognition of the potential impact of an increasingly complicated information ecosystem on scientometric indicators. Design/methodology/approach – The paper considers how new web technologies have impacted the role of time in scientometric indicators. Findings – The paper suggests that it is important to be aware of the limitations of scientometrics indicators in an increasingly complicated information environment, although without a more developed semantic web there is little that can be done. Practical implications – Users of scientometric indicators should refrain from claiming too much confidence in them. Originality/value – The paper considers scientometric indicators at a finer granularity that usual, and will be of interest to anyone concerned the application of bibliometric indicators and the changing nature of scientific discourse.

Consumer value creation through WhatsApp use

2019 ◽  
Vol 32 (4) ◽  
pp. 455-471
Author(s):  
Jorge Cruz-Cárdenas ◽  
Jorge Guadalupe-Lanas ◽  
Ekaterina Zabelina ◽  
Andrés Palacio-Fierro ◽  
Margarita Velín-Fárez ◽  
...  
Keyword(s):  
Latin American ◽  
Value Creation ◽  
Emotional Support ◽  
Design Methodology ◽  
Instant Messaging ◽  
Role Performance ◽  
Content Type ◽  
Consumer Value ◽  
Depth Interviews ◽  
Practical Implications

Purpose The purpose of this paper is to understand in-depth how consumers create value in their lives using WhatsApp, the leading mobile instant messaging (MIM) application. Design/methodology/approach The study adopts the perspective of customer-dominant logic (CDL) and uses a qualitative multimethod design involving 3 focus groups and 25 subsequent in-depth interviews. The research setting was Ecuador, a Latin American country. Findings Analysis and interpretation of the participants’ stories made it possible to identify and understand the creation of four types of value: maintaining and strengthening relationships; improving role performance; emotional support; and entertainment and fun. In addition, the present study proposes a conceptual model of consumer value creation as it applies to MIM. Practical implications Understanding the way consumers create value in their lives using MIM is important not only for organizations that offer MIM applications, but also for those companies that develop other applications for mobile phones or for those who wish to use MIM as an electronic word-of-mouth vehicle. Originality/value The current study is one of the first to address the topic of consumer behavior in the use of technologies from the perspective of CDL; this perspective enables an integrated qualitative vision of value creation in which the consumer is the protagonist.

scholarly journals Advantages and potential challenges of data management in e-maintenance

2019 ◽  
Vol 25 (3) ◽  
pp. 378-396 ◽  
Author(s):  
Arian Razmi-Farooji ◽  
Hanna Kropsu-Vehkaperä ◽  
Janne Härkönen ◽  
Harri Haapasalo
Keyword(s):  
Data Management ◽  
Design Methodology ◽  
Management Practices ◽  
Future Research ◽  
Conceptual Approach ◽  
Content Type ◽  
Different Types ◽  
Maintenance Systems ◽  
Industry Leader ◽  
Practical Implications

Purpose The purpose of this paper is twofold: first, to understand data management challenges in e-maintenance systems from a holistically viewpoint through summarizing the earlier scattered research in the field, and second, to present a conceptual approach for addressing these challenges in practice. Design/methodology/approach The study is realized as a combination of a literature review and by the means of analyzing the practices on an industry leader in manufacturing and maintenance services. Findings This research provides a general understanding over data management challenges in e-maintenance and summarizes their associated proposed solutions. In addition, this paper lists and exemplifies different types and sources of data which can be collected in e-maintenance, across different organizational levels. Analyzing the data management practices of an e-maintenance industry leader provides a conceptual approach to address identified challenges in practice. Research limitations/implications Since this paper is based on studying the practices of a single company, it might be limited to generalize the results. Future research topics can focus on each of mentioned data management challenges and also validate the applicability of presented model in other companies and industries. Practical implications Understanding the e-maintenance-related challenges helps maintenance managers and other involved stakeholders in e-maintenance systems to better solve the challenges. Originality/value The so-far literature on e-maintenance has been studied with narrow focus to data and data management in e-maintenance appears as one of the less studied topics in the literature. This research paper contributes to e-maintenance by highlighting the deficiencies of the discussion surrounding the perspectives of data management in e-maintenance by studying all common data management challenges and listing different types of data which need to be acquired in e-maintenance systems.

An exploratory empirical study of whistleblowing and whistleblowers

2020 ◽  
Vol 27 (3) ◽  
pp. 755-770
Author(s):  
Maria Krambia-Kapardis
Keyword(s):  
Statistical Analysis ◽  
Design Methodology ◽  
Research Topic ◽  
Due Date ◽  
Content Type ◽  
Unethical Behaviour ◽  
Eu Member States ◽  
European Directive ◽  
Original Survey ◽  
Practical Implications

Purpose The purpose of this study is to develop a profile of whistleblowers and to determine whether whistleblowing legislation would encourage those individuals to bring to light some illegal or unethical behaviour that otherwise would remain in the shadows. Design/methodology/approach Having identified whistleblowing correlation, a survey was carried out in Cyprus of actual whistleblowers and could-have-been whistleblowers. Findings Males between 46 and55 years of age, regardless of whether they have dependents or hold senior positions in organizations are significantly more likely to blow the whistle. However, could-have-been whistleblowers did not go ahead because they felt that the authorities would not act on their information. Research limitations/implications Because of the sensitive nature of the research topic and the fact that only whistleblowers or intended whistleblowers could participate in the study, the sample size is limited as a result. This, in turn, limits both the number of respondents in each category (actual and intended) as well as constrains the statistical analysis that could be carried out on the data. Practical implications It remains to be seen whether EU Member States shall implement the European Directive 2019/1937 on the protection of persons who report breaches of Union Law, in its entirety by the due date, namely December 2021. Originality/value This study provides a literature review of whistleblowing and reports an original survey against the backdrop of the European Directive.

How Phillips saw the light

2020 ◽  
Vol 36 (8) ◽  
pp. 29-31
Keyword(s):  
Design Methodology ◽  
Reading Time ◽  
Daily Basis ◽  
Business World ◽  
Content Type ◽  
Freak Show ◽  
The World ◽  
Pertinent Information ◽  
The One ◽  
Practical Implications

Purpose Reviews the latest management developments across the globe and pinpoints practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings The problem with developing a reputation of being something of an oracle in the business world is that all of a sudden, everyone expects you to pull off the trick of interpreting the future on a daily basis. Like a freak show circus act or one-hit wonder pop singer, people expect you to perform when they see you, and they expect you to perform the thing that made you famous, even if it is the one thing in the world you don’t want to do. And when you fail to deliver on these heightened expectations, you are dismissed as a one trick pony, however good that trick is in the first place. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

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