Changes in the Conceptual Framework for Financial Reporting and the Accounting Environment and Accounting Conservatism : An Analysis on the Time Series Trend over the Past 20 Years

The aim of the study is to explore the determinants of conditional accounting conservatism for banks in Egypt and the UAE over the period 2008-2013. Multiple regression techniques are used to investigate the relationship between conditional accounting conservatism as a dependent variable and the independent variables represented by international financial reporting standards (IFRS), Global financial crisis, level of market competition, bank size and bank age. The results revealed that IFRS, Global financial crisis, level of market competition, have significant influence but bank size and bank age have no significant influence on conditional accounting conservatism for banks in Egypt and the UAE. These results are expected to be beneficial for the banking and accounting regulators to recognize the factors which are important in explaining the reasons for the practice of conditional accounting conservatism. This study contributes to the literature on the causes of conditional accounting conservatism in banks at the emerging economies context through investigating whether accounting environment has an impact on conditional accounting conservatism in the banking industry in Egypt with local accounting standards environment compared to the UAE with IFRS environment and this should lead to a better understanding for the role of accounting environment in explaining conditional accounting conservatism.

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Corporate Reorganization Law and Forces of Change

10.1093/oso/9780198860365.001.0001 ◽

2020 ◽

Author(s):

Sarah Paterson

Keyword(s):

Financial Crisis ◽

Conceptual Framework ◽

Conceptual Frameworks ◽

Corporate Reorganization ◽

Process Of Change ◽

The Past ◽

To Come ◽

The Way

This book is concerned with the way in which forces of change, from the fields of finance and non-financial corporates, cause participants in the corporate reorganization process to adapt the ways in which they mobilize corporate reorganization law. It argues that scholars, practitioners, judges, and the legislature must all take care to connect their conceptual frameworks to the specific adaptations which emerge from this process of change. It further argues that this need to connect theoretical and policy concepts with practical adaptations has posed particular challenges when US corporate reorganization law has been under examination in the decade since the financial crisis. At the same time, the book suggests that English scholars, practitioners, judges, and the legislature have been more successful, over the course of the past ten years, in choosing concepts to frame their analysis which are sensitive to the ways in which corporate reorganization law is currently used. Nonetheless, it suggests that new problems may be on the horizon for English corporate reorganization lawyers in adapting their conceptual framework in the decades to come.

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Transaction Cost Analysis: Past, Present, and Future Applications

Journal of Marketing ◽

10.1177/002224299706100403 ◽

1997 ◽

Vol 61 (4) ◽

pp. 30-54 ◽

Cited By ~ 332

Author(s):

Aric Rindfleisch ◽

Jan B. Heide

Keyword(s):

Cost Analysis ◽

Conceptual Framework ◽

Transaction Cost ◽

Transaction Cost Analysis ◽

Marketing Literature ◽

The Past

Over the past decade, transaction cost analysis (TCA) has received considerable attention in the marketing literature. Marketing scholars have made important contributions in extending and refining TCA's original conceptual framework. The authors provide a synthesis and integration of recent contributions to TCA by both marketers and scholars in related disciplines, an evaluation of recent critiques of TCA, and an agenda for further research on TCA.

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Does a Manager Respond to a Going-Concern Audit Opinion with an Asymmetry in Gain and Loss?

Sustainability ◽

10.3390/su13084425 ◽

2021 ◽

Vol 13 (8) ◽

pp. 4425

Author(s):

Taewoo Kim

Keyword(s):

Time Series ◽

Accounting Conservatism ◽

Timely Manner ◽

Audit Opinion ◽

Going Concern ◽

Asymmetric Timeliness ◽

Gain And Loss ◽

Audit Opinions ◽

The Relationship

In this paper, I investigate the relationship between previous going-concern audit opinions and subsequent asymmetric timeliness in accounting. Using the time-series and price-based models and conservatism proxy, I find that firms with going-concern audit opinions subsequently report losses in a more timely manner than firms that did not receive going-concern audit opinions. Furthermore, I also find that firms exiting going-concern audit opinions are more likely to report losses rather than gains in a timely manner, compared to firms non-exiting from going-concern opinions. This study extends the prior research by exploring the association between going-concern opinions and accounting conservatism from the perspective of client firms—that is, how firms behave strategically and conservatively to bypass going-concern opinions, once the firms had received previous going-concern opinions.

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Evaluating the performance of multivariate indicators of resilience loss

Scientific Reports ◽

10.1038/s41598-021-87839-y ◽

2021 ◽

Vol 11 (1) ◽

Author(s):

Els Weinans ◽

Rick Quax ◽

Egbert H. van Nes ◽

Ingrid A. van de Leemput

Keyword(s):

Time Series ◽

Complex Systems ◽

Multivariate Time Series ◽

Tipping Points ◽

Physical And Mental Health ◽

One Dimensional ◽

Slowing Down ◽

The Past ◽

Technological Developments ◽

Resilience Indicators

AbstractVarious complex systems, such as the climate, ecosystems, and physical and mental health can show large shifts in response to small changes in their environment. These ‘tipping points’ are notoriously hard to predict based on trends. However, in the past 20 years several indicators pointing to a loss of resilience have been developed. These indicators use fluctuations in time series to detect critical slowing down preceding a tipping point. Most of the existing indicators are based on models of one-dimensional systems. However, complex systems generally consist of multiple interacting entities. Moreover, because of technological developments and wearables, multivariate time series are becoming increasingly available in different fields of science. In order to apply the framework of resilience indicators to multivariate time series, various extensions have been proposed. Not all multivariate indicators have been tested for the same types of systems and therefore a systematic comparison between the methods is lacking. Here, we evaluate the performance of the different multivariate indicators of resilience loss in different scenarios. We show that there is not one method outperforming the others. Instead, which method is best to use depends on the type of scenario the system is subject to. We propose a set of guidelines to help future users choose which multivariate indicator of resilience is best to use for their particular system.

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Rethinking Non-Financial Reporting: A Blueprint for Structural Regulatory Changes

Accounting Economics and Law - A Convivium ◽

10.1515/ael-2020-0092 ◽

2020 ◽

Vol 10 (2) ◽

Author(s):

David Monciardini ◽

Jukka Tapio Mähönen ◽

Georgina Tsagas

Keyword(s):

Financial Reporting ◽

Final Section ◽

Thematic Issue ◽

Revision Process ◽

The Past ◽

Regulatory Changes ◽

Collective Effort ◽

Key Points ◽

Structural Failures ◽

Over Time

AbstractThe article introduces the thematic issue of Accounting, Economics, and Law: A Convivium dedicated to the regulation of non-financial reporting. It provides the reader with an overview of the varying approaches and frameworks that have emerged over time in relation to the reporting of non-financial information. In particular, the article focuses on the European Non-Financial Reporting Directive. We maintain that to date this latter initiative has failed to deliver on its intended objectives. In the context of the ongoing revision process of this initiative, the present paper outlines five key areas to be improved drawing on the lessons learnt from the past as well as from key points raised by the papers in the present thematic issue. What emerges from this collective effort is a renewed agenda that highlights some of the structural failures of the current reporting regime and a blueprint for future reforms. The final section summarises the various contributions of articles included in this thematic issue.

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100 Years of State Pension: Learning from the Past

British Actuarial Journal ◽

10.1017/s1357321700005717 ◽

2009 ◽

Vol 15 (3) ◽

pp. 483-501

Keyword(s):

Financial Reporting ◽

Public Interest ◽

Public Debate ◽

The State ◽

The Public ◽

The Past ◽

Tangible Evidence ◽

State Pension

The President (Mr R. S. Bowie, F.F.A.): Tonight's topic is ‘100 years of state pension: — learning from the past’. I am reminded of the expression: why are the bankers so keen to find new ways of losing money when the old ways seem to have worked perfectly well!The state pension has been going in a recognisable form for only 100 years and only for the last 60 as a universal pension; and only for the last 30 years in the form that we all might recognise today.If the Actuarial Profession can bring value to something from the past, it is to bring a perspective and a context to it so that we can learn from it. In this way, the Profession can create an informed climate within which public debate on matters of public interest can take place. As you will all know, the Financial Reporting Council are pressing the Profession hard to give tangible evidence of its commitment to the public interest, and this book falls into that category, creating an informed background for debate on a matter of huge public interest.

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Searching for g modes

Astronomy and Astrophysics ◽

10.1051/0004-6361/201833535 ◽

2018 ◽

Vol 617 ◽

pp. A108 ◽

Cited By ~ 5

Author(s):

T. Appourchaux ◽

P. Boumier ◽

J. W. Leibacher ◽

T. Corbard

Keyword(s):

Time Series ◽

Radial Velocity ◽

Time Shift ◽

Data Sets ◽

Mode Amplitude ◽

The Past ◽

Mode Detection ◽

Velocity Calibration ◽

Remaining Time ◽

Soho Spacecraft

Context. The recent claims of g-mode detection have restarted the search for these potentially extremely important modes. These claims can be reassessed in view of the different data sets available from the SoHO instruments and ground-based instruments. Aims. We produce a new calibration of the GOLF data with a more consistent p-mode amplitude and a more consistent time shift correction compared to the time series used in the past. Methods. The calibration of 22 yr of GOLF data is done with a simpler approach that uses only the predictive radial velocity of the SoHO spacecraft as a reference. Using p modes, we measure and correct the time shift between ground- and space-based instruments and the GOLF instrument. Results. The p-mode velocity calibration is now consistent to within a few percent with other instruments. The remaining time shifts are within ±5 s for 99.8% of the time series.

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Measuring Value Change in Western Industrialized Societies: The Impact of Unemployment

American Political Science Review ◽

10.2307/1963855 ◽

1991 ◽

Vol 85 (3) ◽

pp. 905-920 ◽

Cited By ~ 77

Author(s):

Harold D. Clarke ◽

Nitish Dutt

Keyword(s):

Time Series ◽

Economic Conditions ◽

Aggregate Level ◽

Value Change ◽

Short Term ◽

Cross Sectional ◽

The Past ◽

Value Priorities ◽

Time Series Analyses ◽

The Impact

During the past two decades a four-item battery administered in biannual Euro-Barometer surveys has been used to measure changing value priorities in Western European countries. We provide evidence that the measure is seriously flawed. Pooled cross-sectional time series analyses for the 1976–86 period reveal that the Euro-Barometer postmaterialist-materialist value index and two of its components are very sensitive to short-term changes in economic conditions, and that the failure to include a statement about unemployment in the four-item values battery accounts for much of the apparent growth of postmaterialist values in several countries after 1980. The aggregate-level findings are buttressed by analyses of panel data from three countries.

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IFRS Adoption in Developing Countries: What Is the Impact?

International Journal of Accounting and Financial Reporting ◽

10.5296/ijafr.v8i2.13262 ◽

2018 ◽

Vol 8 (2) ◽

pp. 278

Author(s):

Chris D. Gingrich ◽

Leah Kratz ◽

Ryan Faraci

Keyword(s):

Developing Countries ◽

Financial Reporting ◽

Business Leaders ◽

Global Competitiveness ◽

Financial Reporting Standards ◽

Ifrs Adoption ◽

Accounting Environment ◽

Mandatory Adoption ◽

The Impact ◽

Financial Environment

This study explores the impact of mandatory adoption of the International Financial Reporting Standards (IFRS) in developing countries on business leaders’ perceptions of the overall accounting and financial environment. The study employs survey data from the World Economic Forum’s Global Competitiveness Report to gauge business leaders’ perceptions of the accounting and financial environment. Eight countries across Latin America, Africa, and Asia comprise case studies, all of whom recently adopted mandatory IFRS use for publicly listed companies. Each survey variable is tracked over time, comparing pre and post IFRS adoption, vis-à-vis the same variable in a control country that did not adopt IFRS. IFRS adoption shows mostly positive impacts on the accounting environment in four cases. The impact of adoption in the other three countries is mostly insignificant. These results should encourage policymakers in developing countries to improve auditing and enforcement practices to increase the likelihood of positive results from IFRS adoption.

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