The role of performance indicators in management commentary

2011 ◽  
pp. 61-79
Author(s):  
Riccardo Silvi ◽  
Monica Bartolini
Keyword(s):  
Financial Reporting ◽  
Performance Indicators ◽  
Recent Literature ◽  
Business Reporting ◽  
Future Performance ◽  
Management Commentary ◽  
The World ◽  
International Regulations ◽  
Critical Issues

Recent literature on financial reporting underlines that, in order to meet the changing needs of business reporting users, more information with a forward-looking perspective should be provided, with a focus on those factors that are responsible for longer- term value, including non-financial measurers. This article hence focuses on the importance of Key Performance Indicators (KPIs) in Management Commentary (MC). Through content analysis, we examine a sample of 111 reports from around the world (following different local and/or international regulations). The paper explores how organizations in practice use KPIs for external purposes, first investigating to what extent KPIs provide the information required by the MC frameworks, and, secondly, whether such KPIs have the suggested characteristics. Results show that although KPIs seem to potentially play a valuable and recognized role in providing the information required by the different MC frameworks, a large number of companies have not provided an effective and balanced picture of the drivers and factors that will lead their future performance. This paper contributes to the scarce research on the effectiveness of different approaches to regulate MC reports, with a specific focus on KPIs. It also highlights some critical issues concerning what and how KPI information should be produced and reported.

How Can Technology Improve Government Financial Transparency?

2015 ◽  
Vol 2 (1) ◽  
pp. 24-38 ◽  
Author(s):  
Michela Soverchia
Keyword(s):  
Theoretical Analysis ◽  
Financial Reporting ◽  
Research Topic ◽  
Fiscal Crisis ◽  
Corporate Disclosure ◽  
Information Transparency ◽  
Business Reporting ◽  
The World ◽  
Open Standard

The aim of the article is to conduct a theoretical analysis concerning the role that XBRL – eXtensible Business Reporting Language – a digital and open standard more and more widespread all over the world for business disclosure, could play within governmental financial reporting. Literature about that is poor, and this research topic seems to be particularly relevant: considering the strong need for governments' information transparency strengthened by the fiscal crisis, XBRL could be a useful digital standard to push and improve governments' accountability and information transparency and comparability, also to prevent or avoid future crisis. This issue needs specific research because the role of XBRL within governmental financial reporting is partly different to the role of XBRL in corporate disclosure.

scholarly journals ON THE ROLE AND TASKS OF DOMESTIC FISHERY SCIENCE IN OCEANIC FISHERIES DEVELOPMENT

Fisheries ◽  
2020 ◽  
Vol 2020 (2) ◽  
pp. 18-23 ◽  
Author(s):  
Vladimir Sauskan ◽  
Viktor Osadchii ◽  
Aleksandr Arkhipov
Keyword(s):  
Sustainable Development ◽  
World Ocean ◽  
International Level ◽  
Russian Science ◽  
Bilateral Agreements ◽  
Fishery Science ◽  
The World ◽  
International Regulations

A role of Russian science is increasing along with domestic fisheries development in the world Ocean. One of the main tasks of researchers is to protect the interests of Russian fisheries on the international level. Such protection is based on living resources investigation and formulation of recommendations on their sustainable development, taking into account the international regulations’ and bilateral agreements’ demands.

Successful Business Schools

2014 ◽  
pp. 222-237
Author(s):  
Mohammad Ayub Khan
Keyword(s):  
Emerging Markets ◽  
Performance Indicators ◽  
Business Schools ◽  
Academic Institutions ◽  
Success Stories ◽  
General Performance ◽  
The World ◽  
World Class ◽  
Successful Business

A handful of business schools in the world are famous in their respective countries of origin, but have also achieved global acclaim for their sustained and continued success as world-class academic institutions. This chapter describes some of these business schools and includes successful factors that have made them top quality institutions, such as general performance indicators used to rank and accredit business schools, common characteristics of success, as well as the role of ranking and accreditation as a source or force behind the fame and fortunes of such business schools. The chapter discusses the importance of national and international accreditation for the academic institutions and the pitfalls associated with accreditations. As examples of successful models, the chapter includes small success stories of business schools from emerging markets such as Pakistan and Mexico.

Successful Business Schools

2018 ◽  
pp. 1143-1159 ◽  
Author(s):  
Mohammad Ayub Khan
Keyword(s):  
Emerging Markets ◽  
Performance Indicators ◽  
Business Schools ◽  
Academic Institutions ◽  
Success Stories ◽  
General Performance ◽  
The World ◽  
World Class ◽  
Successful Business

A handful of business schools in the world are famous in their respective countries of origin, but have also achieved global acclaim for their sustained and continued success as world-class academic institutions. This chapter describes some of these business schools and includes successful factors that have made them top quality institutions, such as general performance indicators used to rank and accredit business schools, common characteristics of success, as well as the role of ranking and accreditation as a source or force behind the fame and fortunes of such business schools. The chapter discusses the importance of national and international accreditation for the academic institutions and the pitfalls associated with accreditations. As examples of successful models, the chapter includes small success stories of business schools from emerging markets such as Pakistan and Mexico.

Unseen Link Between Sustainability Reporting and Financial Reporting

2021 ◽  
pp. 42-62
Author(s):  
Sibel Dinç Aydemir
Keyword(s):  
Financial Reporting ◽  
Behavioral Finance ◽  
Audit Quality ◽  
Ethical Issues ◽  
Sustainability Reporting ◽  
Upper Echelon ◽  
Financial Outcomes ◽  
Future Performance ◽  
Overconfidence Bias

The accounting profession has intensely witnessed compelling challenges in the 21st century. Due to increased number in stakeholders and huge informational need, the traditional model has become unsatisfactory in meeting this need and evaluating company's future performance. Apparently, companies trying to survive in globally competitive markets couldn't attain this goal by focusing merely on financial outcomes. Thus, sustainability reporting has emerged as a vital non-financial information demanded by stakeholders. However, ethical insights on credibility and accountability of this information have been documented and discussed in the literature. Tapping into behavioral finance paradigm and upper echelon approach, this chapter exerts an effort to link financial reporting/audit quality to sustainability reporting and discusses those ethical issues on these processes. Further, while drawing attention to overconfidence bias in individuals involved in reporting and assurance stages, it suggests influential role of decision-makers' personal traits on these mechanisms in a misleading way.

The Threat of Communism during the Cold War: A Constraint to Income Inequality?

2020 ◽  
Vol 52 (3) ◽  
pp. 359-393
Author(s):  
Andŕe Albuquerque Sant' Anna ◽  
Leonardo Weller
Keyword(s):  
Cold War ◽  
Income Inequality ◽  
Income Distribution ◽  
Recent Literature ◽  
Income Redistribution ◽  
Domestic Institutions ◽  
The World ◽  
The Cold War ◽  
Empirical Contribution

Did the threat of communism influence income distribution in developed capitalist economies during the Cold War? This article addresses this question by testing whether income inequality in OECD countries was related to events linked to the spread of communism—revolutions and Soviet interventions—around the world. We argue that the threat of the spread of communism acted as an incentive for the elites and governments to keep economic inequality low. This article provides an empirical contribution to the recent literature on inequality, which highlights the role of domestic institutions but ignores the role of the Cold War in redistributing income. We find a robust relationship between income inequality and the distance to communist events. The results, reinforced by cases studied, suggest that the spread of communism fostered income redistribution deals between domestic elites and workers. Finally, we show that these effects were reinforced by strong unions and the presence of strong communist parties.

scholarly journals A Study of Accountant Required Skills to Have Efficient Participation in the Implementation of XBRL

The Winners ◽  
2012 ◽  
Vol 13 (1) ◽  
pp. 20
Author(s):  
Heshmatolah Asadizeidabadi
Keyword(s):  
Statistical Methods ◽  
Significant Relationship ◽  
Pearson Correlation ◽  
Maintenance Phase ◽  
Business Environment ◽  
Successful Implementation ◽  
Business Reporting ◽  
The World ◽  
Analyze Data

The role of the accountants in a business environment has been evolving over the years. Accountants need to have the implementation and maintenance skills of XBRL (extensible business reporting language) which is revolutionizing business reporting around the world, in the organization.  The present study encompasses two aspects. First, it addresses the role of the accountant during the implementation and maintenance phase. Second, it finds the characteristics and skills of accountants that can help them in a successful implementation and maintenance of XBRL. In order to collect the data a questionnaire has been used. To analyze data two statistical methods, Regression and Pearson correlation have been used. The results of the study confirm that there is a significant relationship between the participation of accountants and successful implementation of XBRL.

scholarly journals The Role of Evaluation in Spending Review

2018 ◽  
Vol 32 (3) ◽  
Author(s):  
Marc Robinson
Keyword(s):  
Performance Indicators ◽  
Global Financial Crisis ◽  
Information Base ◽  
The World ◽  
Fiscal Space ◽  
Design Selection ◽  
And Performance ◽  
The Global Financial Crisis

Abstract The role of spending review is to identify savings options which enable governments either to find fiscal space for priority new spending, or to cut aggregate spending. Following the surge in the use of spending review by governments around the world following the global financial crisis in 2008, many governments are now seeking to institutionalize spending review as a permanent part of the budget preparation process. The effectiveness of spending review is critically dependent upon the quality of its information base – that is the expenditure analysis and performance indicators which can assist in the search for savings options. Evaluation is an essential part of this information base. However, ensuring that the potential of evaluation to inform spending review is realized will require considerable reflection on the design, selection and conduct of evaluations. Résumé:L’objectif des exercices de révision budgétaire est d’identifier des moyens d’économiser afin que les gouvernements puissent trouver une disponibilité fiscale pour de nouvelles dépenses, ou pour couper les dépenses globales. Suite à l’intérêt pour les exercices de révision budgétaire, au niveau mondial, suivant à la crise financière de 2008, de nombreux gouvernements cherchent à institutionnaliser de façon permanente ces exercice dans le processus de préparation des budgets. L’efficacité des révisions budgétaire repose de façon critique sur la qualité de l’information à laquelle elle a accès – c’est-à-dire l’analyse des dépenses et les indicateurs de performance qui peuvent informer sur les sources potentielles d’économie. L’évaluation est une composante importante de cette information. Toutefois, s’assurer que l’évaluation puissent informer les exercices de révision budgétaire implique une réflexion importante sur la façon dont elles sont conçues, orientées et réalisées. 

Regional Disarmament Issues from the Perspective of the UN Security Council

2015 ◽  
pp. 5-16
Author(s):  
A. Kalyadin
Keyword(s):  
Security Council ◽  
Legal Authority ◽  
Mass Destruction ◽  
World Community ◽  
Enforcement Action ◽  
Un Security Council ◽  
The World ◽  
Critical Issues ◽  
Positive Results

The article deals with the role of the UN Security Council in addressing critical issues of regional disarmament: the elimination of Syrian chemical weapons program; the ensuring of the exclusively peaceful character of Iran's nuclear activities; denuclearization of the Korean Peninsula. It is argued that the enforcement action, coupled with political and diplomatic facilities, could bring about positive results, including the resolution of intricate arms control problems, and help to develop innovative disarmament schemes, if the UN member states were able to combine their efforts and interact firmly and purposefully within the framework of the UN Security Council. Threats to the survival of mankind, such as the spread of mass destruction weapons, terrorism and virulent diseases around the world, as well as various other strategic challenges make it all the more urgent to secure the appropriate collective action of the whole world community under the auspices of the UNO. Taking full advantage of the unique legal authority of the UN Security Council, its mechanisms and instruments to cope with crises of global security squarely meets this task. Suggestions on the strengthening of the UNSC's central coordinating role in managing international security and regulation of armaments in order to make this principal UN body a reliable guarantor of the world community's stability and humanity’s progress along the path of arms reduction are substantiated in the paper.

A New Way of Teaching Criminology for Investigation and Trial: A Narrative-Based Approach

2019 ◽  
Vol 57 (1-2) ◽  
pp. 75-89
Author(s):  
Giulia Schioppetto ◽  
Marco Monzani ◽  
Silvio Ciappi
Keyword(s):  
Life Stories ◽  
Recent Literature ◽  
Criminal Liability ◽  
Team Work ◽  
Narrative Approach ◽  
Forensic Application ◽  
The World ◽  
Essential Contribution ◽  
Trial Phase

AbstractThe narrative-based approach acts as the only tool capable of creating and assigning a meaning to individual life stories, linking individuals to their actions. The use of narrative as a reference frame for understanding the motive of the crime therefore offers an innovative perspective into criminology and its forensic application. Through the stories of the criminals and the victims, of society, and the world of justice as a whole, doing narrative criminology means listening to and accurately analysing criminal life stories to shed some light and meaning on the obscure elements of reality that from time to time take shape as a violent act. After a review of the most recent literature in the criminological narrative area, the present work analyses the role of the criminologist as an expert who provides an essential contribution during investigation and trial phases. Moreover, the work proposes the use of a narrative approach and the contribution of a narrative criminologist in two different moments of the criminal procedure: during the investigation phase, through a preventive methodological narrative training of forensic experts, with emphasis on team work, and in the trial phase through the use of criminological interviews to assess criminal liability and dangerousness.

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