Market, Morality and (Just) Price: The Case of the Recycling Economy in Turkey

SYNOPSIS We examine why U.S.-listed foreign companies choose to have a U.S.-based (rather than home country-based) Big N firm as their principal auditor for SEC reporting purposes and the effects of that choice for audit fees and earnings quality. We find that the likelihood of the Big N principal auditor being U.S.-based is decreasing in client size and the level of investor protection in the home country, and increasing in the proportion of income earned outside the home country. We also find compelling evidence that U.S.-based Big N auditors are associated with higher-quality earnings (albeit for a higher fee), despite two factors—the greater distance between the U.S.-based (vis-à-vis home country-based) Big N auditor and the client, and the likelihood that much of the audit work is done outside the U.S.—which potentially could lower the earnings quality of the U.S.-listed foreign client when the Big N principal auditor is U.S.-based. Overall, our study suggests that the higher fees associated with a U.S.-based Big N principal auditor is not just price protection; rather, U.S.-based Big N principal auditors are also improving the financial reporting environment by reporting higher-quality audited earnings for their U.S.-listed foreign clients. JEL Classifications: L11; L15; M42.

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Starve all the lawyers: four theories of the just price

European Journal of the History of Economic Thought ◽

10.1080/09672567.2018.1555607 ◽

2019 ◽

Vol 26 (1) ◽

pp. 101-128

Author(s):

Åsbjørn Melkevik

Keyword(s):

Just Price

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Dynamics of Regional Recycling Economy Development Based on Material Flow Analysis: A Case Study in Shandong Province

Advanced Materials Research ◽

10.4028/www.scientific.net/amr.347-353.2961 ◽

2011 ◽

Vol 347-353 ◽

pp. 2961-2966

Author(s):

Dian Ming Geng ◽

Jia Xiang Liu

Keyword(s):

Water Supply ◽

Circular Economy ◽

Material Flow ◽

Flow Analysis ◽

Material Flow Analysis ◽

Shandong Province ◽

Utilization Efficiency ◽

Recycling Economy ◽

Material Input ◽

Inputs And Outputs

In order to study the development of regional recycling economy, the material inputs and outputs of the eco-economic system in Shandong Province during the period from 1996 to 2009 were systematically analyzed by the material flow analysis(MFA). The results show that, (1)excluding water, material inputs and outputs rose persistently, but both were lower than the rate of GDP growth. (2)Water supply had a turning point in 2003, from 25.239 billion tons down to 21.934 billion tons, followed by the total annual water supply has been maintained at 220 million tons. At the same time the amount of wastewater emissions is increasing, especially domestic wastewater emissions had faster growth and that increased pressure on the regional water environment;(3) Steady increase in material input intensity, material output intensity presented a first increased and then decreased trend, that showed since Shandong Province proposed the strategic planning to develop circular economy, the development of regional circular economy have improved the material utilization efficiency and made a material reduction in output in the case of material input growth achieved. The rapid increase of material input and output efficiency further illustrated the efficiency of resource comprehensive utilization and waste output have been significantly improved.

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An Empirical Analysis of the Relationship between Economic Growth and Energy Utilization in China

Advanced Materials Research ◽

10.4028/www.scientific.net/amr.734-737.1666 ◽

2013 ◽

Vol 734-737 ◽

pp. 1666-1670

Author(s):

Fei Hu Yang ◽

Peng Zhang ◽

Xiao Wei Wang

Keyword(s):

Economic Growth ◽

Empirical Analysis ◽

Energy Utilization ◽

Correction Model ◽

Vector Autoregressive ◽

Integration Test ◽

Recycling Economy ◽

The Relationship ◽

The Empirical Analysis

Based on the co-integration test, error correction model and vector autoregressive model, the empirical analysis results show a long-term co-integration relationship between economic growth and energy utilization in China, energy consumption increased by 1%, GDP will increase by 1.342%. In order to raise the efficiency of energy utilization during China's economic development, suggestions like saving energy conservation, reducing emission and recycling economy have been proposed.

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ON THE INTERPRETATION OF THE JUST PRICE

Kyklos ◽

10.1111/j.1467-6435.1965.tb00992.x ◽

1965 ◽

Vol 18 (4) ◽

pp. 615-634 ◽

Cited By ~ 12

Author(s):

Samuel Hollander

Keyword(s):

Just Price

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Waste Beverage Containers Automatic Green Recycling Technique Based on the Optical Image Inspection

Advanced Materials Research ◽

10.4028/www.scientific.net/amr.97-101.2291 ◽

2010 ◽

Vol 97-101 ◽

pp. 2291-2294

Author(s):

Rui Hai Ji ◽

Hai Qing Du ◽

Xin Liu

Keyword(s):

Sustainable Development ◽

Basic Principle ◽

Optical Image ◽

Object Contour ◽

Beverage Containers ◽

Recycling Economy ◽

Image Inspection ◽

The Cost ◽

Recycling Technique ◽

Recognition Technique

Aiming at the problem of effectively recycling waste beverage containers, an automatic green recycling technique based on the optical image inspection is proposed. The basic principle and realization steps of the automatic green recycling technique are expounded. By using the optical image inspection technique and object contour recognition technique, the waste beverage containers are classified from different manufactures. The problem of waste beverage containers automatic recycling is solved, the cost of retailers is reduced and the waste beverage containers are recycled effectively. This automatic green recycling technique is significant for the recycling economy and sustainable development.

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Planning a Sustainable, Green Industrial Road with an Ecological Recycling Economy in Mind

Open House International ◽

10.1108/ohi-03-2017-b0010 ◽

2017 ◽

Vol 42 (3) ◽

pp. 45-49

Author(s):

Weiqi Pei

Keyword(s):

Rural Economy ◽

Construction Technology ◽

Engineering Research ◽

Rational Development ◽

Ecological Protection ◽

Recycling Economy ◽

Practical Engineering ◽

Planning And Construction ◽

Ecological Construction ◽

Rural Construction

With the development of the new rural construction action of beautiful industries, the problem of uncoordinated development of the rural economy and ecological protection has become increasingly prominent. Based on this, in the process of planning, design, construction and management, ecological construction technology was introduced. The planning and design of ecological recycling economy and rural greenway were studied, and the planning types of greenway in industrial villages were deeply explored. Taking the planning and construction of industrial rural greenway in Anji county as an example, the research and analysis were carried out. From the rural road, landscape space, ecology, service facilities, logo and so on, the planning was carried ou, and the greenway network of industrial villages in Anji county was constructed. Combined with practical engineering research, the scientific and rational development of rural greenway in the urban and rural construction throughout the countryn was promoted, the contradiction between urban and rural construction and ecological protection was effectively solved, and the construction of beautiful countryside was promoted.

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Reflections on the ‘Just Price’ in Times of Crisis (with Reference to Coronavirus … but not only)

European Review of Contract Law ◽

10.1515/ercl-2021-2026 ◽

2021 ◽

Vol 17 (3) ◽

pp. 285-314

Author(s):

Emiliano Marchisio

Keyword(s):

Main Issue ◽

Private Firms ◽

Eu Law ◽

Free Markets ◽

Price Increases ◽

Price Adjustments ◽

Systemic Level ◽

Just Price ◽

Relative Scarcity ◽

Level Of Analysis

Abstract The debate about the ‘just price’ has ancient origin and returns forcefully to the scene when, in the event of crises of various kinds, there is a rapid and significant increase in prices of given goods or services. The main issue is whether price increases of such a nature could, or should, be considered illicit and ground the issue of sanctions against the firms increasing prices, thus focusing on a macro-systemic level of analysis. The central part of the article reviews different theories on what a ‘just price’ should be and focuses on the idea that a price is ‘just’ when it functions as an index of relative scarcity in free markets. It is claimed that such a function deserves protection by Italian and EU law. Therefore price adjustments in response to shocks cannot and should not be considered illegal: it is unacceptable to sanction private firms by attributing them the wrong of not having substituted themselves, at their own expense, for the exercise of a public function (that of making sure that price increases do not put at risk solidarity and other constitutional principles).

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