The Extent of the Impact of Taxes on Financing Decisions and Control Processes in those Decisions

2021 ◽  
Vol 39 (11) ◽  
Author(s):  
Fidaa Abid Al-Majid Sabbar ◽  
Hussein Ali Mohaisen ◽  
Thamir Mahdi Muhammed Sabri ◽  
Thamer Kadhim Al-Abedi
Keyword(s):  
Economic Theory ◽  
Research Methodology ◽  
Investment Decisions ◽  
Tax Burden ◽  
Financing Decisions ◽  
Control Processes ◽  
Practical Reality ◽  
And Control ◽  
The Impact

The debates sparked by the tax treatment of realized, reinvested, and distributed profits led to various taxation techniques, concluding that, while economic theory claims that any company's goal is to maximize profit, the practical reality shows that some companies only want to make a satisfactory profit and thus pay as little tax as possible, In the context of accounting methods that allow businesses to show results that are more in accordance with their goals than with reality, within specified bounds. Based on a set of eight hypotheses that we will test on a sample of industry enterprises using the research methodology of panel-based models, we will try to argue the importance of managing the tax burden and highlight the tax repercussions on investment decisions, their financing methods, and the value of the company.

scholarly journals Impact of Leverage and Debt Maturity on Investment Decisions of Vietnam’s Enterprises

2014 ◽  
Vol 220 ◽  
pp. 97-115
Author(s):  
Linh Trần Thị Thuỳ ◽  
Thuý Tạ Thị
Keyword(s):  
Investment Decisions ◽  
Structural Equations ◽  
Research Data ◽  
Debt Maturity ◽  
Financial Leverage ◽  
Corporate Liquidity ◽  
Financing Decisions ◽  
Maturity Structure ◽  
Endogenous Variables ◽  
The Impact

The research aims to analyze the impact of financing decisions on investment ones and examine the relationships between leverage, debt maturity structure, investment and growth opportunities. A system-based model is employed, including three structural equations in which leverage, debt maturity and investment are adopted as endogenous variables. The research data consist of 100 enterprises listed on HOSE and HNX in the period 2007-2012. The results indicate that financial leverage negatively correlates with investment decisions, whereas no correlation is revealed between debt maturity and corporate investment, which is compliant with findings by Dang (2011) and Aivazian et al. (2005). Accordingly, for Vietnamese enterprises, there exists an interaction among leverage, debt maturity and investment. Financial leverage and debt maturity are used as alternative strategies to control corporate liquidity.

scholarly journals Editorial: COVID-19: The unexpected and disruptive event that will radically shake up and change the world as we know it

2020 ◽  
Vol 10 (4) ◽  
pp. 4-6
Author(s):  
Ivo Pezzuto
Keyword(s):  
Financial Markets ◽  
Business Models ◽  
Investment Decisions ◽  
Central Banks ◽  
Risk Governance ◽  
Portfolio Investment ◽  
Financial Systems ◽  
Factors Affecting ◽  
And Control ◽  
The Impact

The fourth issue of the Risk Governance and Control: Financial Markets & Institutions journal (volume 10, issue 4) explores a number of stimulating subjects related to the future of finance, banking, and financial systems such as the impact of big banks’ digitalization and mergers and acquisitions (M&A) strategies on the sustainability of local banks’ business models and on their relationship with the territory; the factors affecting portfolio investment decisions in the emerging markets, or central banks’ mission to assure stability to the purchasing power of their currencies.

scholarly journals Does pyramiding have an impact on firm’s capital structure decision among Malaysian distress companies?

2005 ◽  
Vol 2 (4) ◽  
pp. 93-106 ◽  
Author(s):  
Fauzias Mat Nor ◽  
Amin Noordin Bany-Ariffin
Keyword(s):  
Capital Structure ◽  
Cash Flow ◽  
Ownership Structure ◽  
Direct Result ◽  
Control Rights ◽  
Financing Decisions ◽  
Pyramidal Ownership ◽  
Cash Flow Rights ◽  
And Control ◽  
The Impact

It is documented by La Porta, Lopez and Shleifer (1999) that ultimate owners around the world usually control an array of affiliated companies through hierarchical intermediary corporations forming pyramidal holdings. A direct result of this pyramidal ownership structure is divergence of cash flow rights from control rights in the hand of the largest shareholders (Claessens, Djankov and Lang 2000). This paper investigates the impact of this separation of cash flow rights from control rights resulting from these pyramidal forms of ownership structure on firm’s capital structure. In particular, our objective is to examine whether such separation affects the financing decisions among Malaysian listed distressed companies. Even though it is not conclusive our findings somewhat lend support to the leverage-increasing non-dilution entrenchment effect on corporate leverage, whereby the separation of cash flow rights and control rights leads to the increase of leverage among the distressed companies. Consequently, excessive use of leverage in order to protect ultimate owner’s dominance in these companies then leads to disastrous financial valuation.

THE IMPACT OF FINANCIAL PLANNING AND CONTROL ON PERFORMANCE OF SMEs IN AUSTRIALIA

2001 ◽  
Vol 09 (04) ◽  
pp. 353-365 ◽  
Author(s):  
HEMA WIJEWARDENA ◽  
ANURA DE ZOYSA
Keyword(s):  
Financial Planning ◽  
Small And Medium Enterprises ◽  
Control Processes ◽  
Planning And Control ◽  
Budgetary Control ◽  
And Performance ◽  
Medium Enterprises ◽  
And Control ◽  
The Impact ◽  
The Relationship

Although there has been some discussion in the academic literature on the relationship between planning and performance of small and medium enterprises(SMEs), no prior research has attempted to capture the control aspect of planning and its possible impact on performance. Furthermore, most of the studies on this aspect have been concentrating on long-range strategic planning with little attention being devoted to financial planning based on annual budgeting. Therefore, based on the results of a study involving a questionnaire survey of budgetting and budgetary control processes of 473 manufacturing SMEs in Australia, this paper attempts to provide an analysis of the impact of both financial planning and control of the sample firms on their performance. The results reveal that greater comprehensiveness in both financial plannig and control processes leads to higher sales performance of these firms.

Suppressed, but Not Forgotten

2011 ◽  
Vol 70 (1) ◽  
pp. 5-11 ◽  
Author(s):  
Beat Meier ◽  
Anja König ◽  
Samuel Parak ◽  
Katharina Henke
Keyword(s):  
Memory Trace ◽  
Thought Suppression ◽  
Test Phase ◽  
Indirect Test ◽  
Final Test ◽  
Test Experiment ◽  
And Control ◽  
Cue Words ◽  
The Impact

This study investigates the impact of thought suppression over a 1-week interval. In two experiments with 80 university students each, we used the think/no-think paradigm in which participants initially learn a list of word pairs (cue-target associations). Then they were presented with some of the cue words again and should either respond with the target word or avoid thinking about it. In the final test phase, their memory for the initially learned cue-target pairs was tested. In Experiment 1, type of memory test was manipulated (i.e., direct vs. indirect). In Experiment 2, type of no-think instructions was manipulated (i.e., suppress vs. substitute). Overall, our results showed poorer memory for no-think and control items compared to think items across all experiments and conditions. Critically, however, more no-think than control items were remembered after the 1-week interval in the direct, but not in the indirect test (Experiment 1) and with thought suppression, but not thought substitution instructions (Experiment 2). We suggest that during thought suppression a brief reactivation of the learned association may lead to reconsolidation of the memory trace and hence to better retrieval of suppressed than control items in the long term.

Research Participation Experiences of Informants of Suicide and Control Cases

Crisis ◽  
2010 ◽  
Vol 31 (5) ◽  
pp. 238-246 ◽  
Author(s):  
Paul W. C. Wong ◽  
Wincy S. C. Chan ◽  
Philip S. L. Beh ◽  
Fiona W. S. Yau ◽  
Paul S. F. Yip ◽  
...  
Keyword(s):  
Ethical Issues ◽  
Research Participation ◽  
Self Report ◽  
Initial Contact ◽  
Psychological Autopsy ◽  
Autopsy Study ◽  
The People ◽  
And Control ◽  
The Impact

Background: Ethical issues have been raised about using the psychological autopsy approach in the study of suicide. The impact on informants of control cases who participated in case-control psychological autopsy studies has not been investigated. Aims: (1) To investigate whether informants of suicide cases recruited by two approaches (coroners’ court and public mortuaries) respond differently to the initial contact by the research team. (2) To explore the reactions, reasons for participation, and comments of both the informants of suicide and control cases to psychological autopsy interviews. (3) To investigate the impact of the interviews on informants of suicide cases about a month after the interviews. Methods: A self-report questionnaire was used for the informants of both suicide and control cases. Telephone follow-up interviews were conducted with the informants of suicide cases. Results: The majority of the informants of suicide cases, regardless of the initial route of contact, as well as the control cases were positive about being approached to take part in the study. A minority of informants of suicide and control cases found the experience of talking about their family member to be more upsetting than expected. The telephone follow-up interviews showed that none of the informants of suicide cases reported being distressed by the psychological autopsy interviews. Limitations: The acceptance rate for our original psychological autopsy study was modest. Conclusions: The findings of this study are useful for future participants and researchers in measuring the potential benefits and risks of participating in similar sensitive research. Psychological autopsy interviews may be utilized as an active engagement approach to reach out to the people bereaved by suicide, especially in places where the postvention work is underdeveloped.

Using Work Domain Analysis to Evaluate the Impact of Digitization on Command and Control

2008 ◽  
Author(s):  
Daniel P. Jenkins ◽  
Neville A. Stanton ◽  
Paul M. Salmon ◽  
Guy H. Walker
Keyword(s):  
Command And Control ◽  
Domain Analysis ◽  
Work Domain Analysis ◽  
And Control ◽  
The Impact ◽  
Work Domain

Experimental Study of the Impact of Alisma plantago-aquatica Secretions on Pathogenic Bacteria

2014 ◽  
Vol 1 (3) ◽  
pp. 3-7
Author(s):  
O. Zhukorskyy ◽  
O. Hulay
Keyword(s):  
Pathogenic Bacteria ◽  
Initial Density ◽  
Biologically Active ◽  
Erysipelothrix Rhusiopathiae ◽  
Natural Focus ◽  
Test Species ◽  
Popula Tions ◽  
And Control ◽  
The Impact

Aim. To estimate the impact of in vivo secretions of water plantain (Alisma plantago-aquatica) on the popula- tions of pathogenic bacteria Erysipelothrix rhusiopathiae. Methods. The plants were isolated from their natural conditions, the roots were washed from the substrate residues and cultivated in laboratory conditions for 10 days to heal the damage. Then the water was changed; seven days later the selected samples were sterilized using fi lters with 0.2 μm pore diameter. The dilution of water plantain root diffusates in the experimental samples was 1:10–1:10,000. The initial density of E. rhusiopathiae bacteria populations was the same for both experimental and control samples. The estimation of the results was conducted 48 hours later. Results. When the dilution of root diffusates was 1:10, the density of erysipelothrixes in the experimental samples was 11.26 times higher than that of the control, on average, the dilution of 1:100 − 6.16 times higher, 1:1000 – 3.22 times higher, 1:10,000 – 1.81 times higher, respectively. Conclusions. The plants of A. plantago-aquatica species are capable of affecting the populations of E. rhusiopathiae pathogenic bacteria via the secretion of biologically active substances into the environment. The consequences of this interaction are positive for the abovementioned bacteria, which is demon- strated by the increase in the density of their populations in the experiment compared to the control. The intensity of the stimulating effect on the populations of E. rhusiopathiae in the root diffusates of A. plantago-aquatica is re- ciprocally dependent on the degree of their dilution. The investigated impact of water plantain on erysipelothrixes should be related to the topical type of biocenotic connections, the formation of which between the test species in the ecosystems might promote maintaining the potential of natural focus of rabies. Keywords: Alisma plantago-aquatica, in vivo secretions, Erysipelothrix rhusiopathiae, population density, topical type of connections.

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