scholarly journals The Economic Sustainability of Snow Tourism: The Case of Ski Resorts in Austria, France, and Italy

2018 ◽  
Vol 10 (9) ◽  
pp. 3012 ◽  
Author(s):  
Jordi Moreno-Gené ◽  
Laura Sánchez-Pulido ◽  
Eduard Cristobal-Fransi ◽  
Natalia Daries
Keyword(s):  
Climate Variability ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Economic Sustainability ◽  
Ski Resorts ◽  
General Terms ◽  
The Future ◽  
Ski Area

The purpose of this article is to analyse whether ski resorts in Europe are economically viable. Data originates from the financial statements of the 61 largest ski lift operators in Austria, France, and Italy. Descriptive statistics reveal that these operators are characterized by positive and relatively high returns, and by having little debt in general terms. The results show that the most economically profitable ski operators are also the largest. The elevation of the ski area is not relevant. Ski lift operators in Austria have a higher profitability than those in France and Italy. Overall, larger ski resorts are better prepared for the future investment needed to adapt to the new conditions in the industry, such as climate variability.

Why Do Firms Write Off Their Goodwill? A Comparison of Different Accounting Systems

2015 ◽  
pp. 23-40 ◽  
Author(s):  
Francesco Avallone ◽  
Claudia Gabbioneta ◽  
Paola Ramassa ◽  
Marco Sorrentino
Keyword(s):  
Good Deal ◽  
Financial Statements ◽  
Cash Flows ◽  
Accounting System ◽  
Anglo Saxon ◽  
Accounting Systems ◽  
Ifrs Adoption ◽  
The Future

Increased comparability of financial statements across adopting countries is one of the main objectives of IFRS adoption. The level of achievement of this objective, however, is still debatable. While some studies have documented that crosscountry comparability of financial statements has increased after IFRS adoption, other studies have found that comparability has actually decreased since 2005. We contribute to this debate by studying whether the motivations for goodwill writeoff are the same or vary across countries with different accounting systems. Although a good deal of research has investigated the motivations for goodwill writeoff, our study is the first to analyze whether these motivations vary across countries with different accounting systems. We find that firms that expect low cash flows in the future are more likely to report goodwill write-offs if they are located in countries with an Anglo-Saxon accounting system than if they are located in countries with a Continental accounting system. These results suggest that IFRS are "interpreted" differently in different countries and that harmonization of financial statements has not been fully achieved yet.

Pengaruh Jumlah Dewan Komisaris, Leverage, Profitabilitas, Intensitas Modal, Cash Flow, Dan Ukuran Perusahaan Terhadap Konservatisme (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2012-2017)

2019 ◽  
Vol 8 (1) ◽  
pp. 17-24
Author(s):  
Siti Suharni ◽  
Arini Wildaniyati ◽  
Dea Andreana
Keyword(s):  
Cash Flow ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Capital Intensity ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Company Size ◽  
Manufacturing Companies ◽  
Financial Reports

This study is aimed at examining the effects of the Number of Board of Commissioners, Leverage, Profitability, Capital Intensity, Cash Flow, and Company Size toward Conservatism in the manufacturing companies listed on the Indonesian Stock Exchange (IDX). The population used in this study is the yearly financial statements on firm of manufacturing listed at BEI period 2012-2017, using purposive sampling method. The type of data used is secondary data obtained from yerly financial reports published and downloaded through the official BEI website. Data analyzed with Descriptive statistics, test of classic assumption and exmination of hypothesis with multiple linier regression method. The result of hypothesis research shows variable Profitability and Cash Flow have a significant effect on the ability of Conservatism, while the Number of Board of Commissioners, Leverage, Capital Intensity, and Company Size has no effect on the ability of Conservatism.

Effects of Financial Innovations on Profitability for Deposit Taking Microfinancing Institutions in Kenya

2018 ◽  
Vol 9 (6) ◽  
pp. 529-536
Author(s):  
Martin Khoya Odipo ◽  
Keyword(s):  
Financial Institutions ◽  
Positive Relationship ◽  
Financial Institution ◽  
Secondary Data ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Primary Data ◽  
Microfinance Institutions ◽  
Financial Innovations ◽  
Strong Positive Relationship

Recent studies have documented that innovations improve profitability of firms. This article documents that deposit taking micro financial institutions that have adopted financial innovations have increased their profitability. The study covered five years between 2009-2013. Both primary and secondary data were used in the study. Primary data was obtained through administration of drop and pick questionnaires to selected employees of the institutions. Secondary data was obtained from financial statements and management reports of these deposit taking microfinance institutions. Data was analyzed using descriptive statistics, return on asset and multi-liner regression model to determine the effect of each financial innovation applied on profitability on the micro-financial institution. The results showed that most deposit taking microfinance institutions adopted these financial innovations in their current operations. There was strong positive relationship between individual innovations and profitability. In line with profitability ROA also showed improvement each year after the adoption of these financial innovations.

The future of ski resorts in the Swiss Alps: using DMDU to identify tipping points

2021 ◽  
Author(s):  
Saeid Ashraf Vaghefi ◽  
Veruska Muccione ◽  
Kees C.H. van Ginkel ◽  
Marjolijn Haasnoot
Keyword(s):  
Snow Cover ◽  
Climate Models ◽  
Swiss Alps ◽  
Tipping Points ◽  
Annual Variability ◽  
Ski Resorts ◽  
The Future ◽  
Total Profit ◽  
Climate Uncertainty ◽  
Snow Conditions

<p>The future of ski resorts in the Swiss Alps is highly uncertain. Being dependent on snow cover conditions, winter sport tourism is highly susceptible to changes in temperature and precipitation. With the observed warming of the European Alps being well above global average warming, snow cover in Switzerland is projected to shrink at a rapid pace. Climate uncertainty originates from greenhouse gas emission trajectories (RCPs) and differences between climate models. Beyond climate uncertainty, the snow conditions are strongly subject to intra-annual variability. Series of unfavorable years have already led to the financial collapse of several low-altitude ski resorts. Such abrupt collapses with a large impact on the regional economy can be referred to as climate change induced socio-economic tipping points. To some degree, tipping points may be avoided by adaptation measures such as artificial snowmaking, although these measures are also subject to physical and economical constraints. In this study, we use a variety of exploratory modeling techniques to identify tipping points in a coupled physical-economic model applied to six representative ski resorts in the Swiss Alps. New high-resolution climate projections (CH2018) are used to represent climate uncertainty. To improve the coverage of the uncertainty space and accounting for the intra-annual variability of the climate models, a resampling technique was used to produce new climate realizations. A snow process model is used to simulate daily snow-cover in each of the ski resorts. The likelihood of survival of each resort is evaluated from the number of days with good snow conditions for skiing compared to the minimum thresholds obtained from the literature. Economically, the good snow days are translated into the total profit of ski resorts per season of operation. Multiple unfavorable years of total profit may lead to a tipping point. We use scenario discovery to identify the conditions under which these tipping points occur, and reflect on their implications for the future of snow tourism in the Swiss Alps.</p>

scholarly journals Evaluating the Impact of COVID-19 Pandemic on Dental Academics and the Future of Dental Education Across India

2021 ◽  
Vol 20 (2) ◽  
Author(s):  
Rameshwari Singhal ◽  
Anil Chandra ◽  
Shuchi Tripathi ◽  
Pavitra Rastogi ◽  
Richa Khanna
Keyword(s):  
Quantitative Data ◽  
Online Teaching ◽  
Qualitative Data ◽  
Dental Education ◽  
Descriptive Statistics ◽  
The Future ◽  
Current Scenario ◽  
Dental Schools ◽  
The Impact ◽  
New Situation

Background: The outbreak of coronavirus disease 2019 (COVID-19) pandemic has led to the transition of dental education from chair-side clinical teachings to virtual didactic lectures. The future of dental education is not clear in these uncertain times. Objectives: This survey-based study aimed to evaluate the current scenario and preparedness of dental colleges/universities and faculty in adapting to the new situation and understanding the challenges faced during this phase. The survey also explored the opinions, limitations, and possible solutions in dental academics through open-ended qualitative questions. Methods: This survey-based study utilized exploratory mixed methods through both open- and closed-ended questions. The survey was distributed electronically to the majority of dental colleges across India to be answered voluntarily by the dental academicians involved in COVID-19 planning. The survey was inspired by the pre-existing questionnaire proposed by the Association of Dental Education in Europe (ADEE), and it was modified by the committee consisting of the study authors. Validation and piloting of the study were done through in-house dental faculty. Quantitative data were analyzed using descriptive statistics and expressed in percentages. Broad themes for qualitative data were derived by two independent authors and collated by the third author to finalize the results. Results: The questionnaire was answered by 89 dental schools from all parts of the country with varying stages of COVID-19 prevalence. Quantitative data revealed 100% adaptation of dental schools to online teaching, uncertainty regarding online (31.46%) and offline (10.11%) exams, and assessment of clinical competence. Qualitative analysis indicated uncertainty, ambiguity, and lack of direction among study respondents regarding how best to deal with the current situation. Conclusions: According to our results, collaborative effort from governing bodies was urgently required at this point to prevent dental education from being divided into multi-directional, incoherent, and isolated units.

scholarly journals The Future of The Profession of Accountant Sharia Enter MEA In 2017

2017 ◽  
pp. 31
Author(s):  
Agus Arwani
Keyword(s):  
Social Responsibility ◽  
Agency Theory ◽  
Conflict Of Interest ◽  
Science And Technology ◽  
Accounting Standards ◽  
Financial Statements ◽  
The Other ◽  
The Future ◽  
The Right ◽  
The Impact

Accountants are the actors who contribute to the establishment and implementation of accounting as a structure. On the other hand the consequences of the application of modern accounting shows the impact of a less than satisfactory. Facts show the number of accounting manipulation scandal that hit the company's financial statements and the low awareness of their social responsibility and the environment implies that very large changes in accounting principals. Accounting reality is part of how accountants take on the role. Deviations reality always brings accountants as party central is how actors and structures form mutually met. Habitus actor '' greedy '' met with accounting (capitalism) as a structure that legitimize it. In reality accountant (agent) looks so lost in the shackles of capitalism, so the agency theory in the form of a conflict of interest, it seems to shift the basis of mutual symbiosis between the interests of management and accountants. Accountants must be returned khittah her as a sovereign profession, he is an ideologue as Rausyan Fikr. All forms of deep-an accountant in worship, glorify the '' number '' in the sense of making all tasks as tasks (treatises) '' prophetic '' to map the right stakeholders fairly and correctly. This can only take place within the frame sovereign  and raise awareness of the Godhead (fervently) to put God at the summit toward accountability. Readiness accountant sharia in entering the MEA in 2017 with preparing the capabilities and expertise of sharia-based accounting standards IFRS, Accounting Sharia must understand the risks of sharia, sharia accounting should be standardized SDI International, science and technology capabilities accountant sharia be reliable.

Uncertainty in the future change of extreme precipitation over the Rhine basin: the role of internal climate variability

2014 ◽  
Vol 44 (7-8) ◽  
pp. 1789-1800 ◽  
Author(s):  
S. C. van Pelt ◽  
J. J. Beersma ◽  
T. A. Buishand ◽  
B. J. J. M. van den Hurk ◽  
J. Schellekens
Keyword(s):  
Climate Variability ◽  
Extreme Precipitation ◽  
Future Change ◽  
Internal Climate Variability ◽  
Rhine Basin ◽  
The Future

Pathways to the Future? An Initial Assessment of RDA Strategies and their Contribution to Integrated Regional Development

2001 ◽  
Vol 16 (2) ◽  
pp. 142-159 ◽  
Author(s):  
Peter Roberts ◽  
Paul Benneworth
Keyword(s):  
Regional Development ◽  
Initial Assessment ◽  
Action Plans ◽  
General Terms ◽  
Economic Strategies ◽  
Subject Specific ◽  
The Future ◽  
Key Issues ◽  
Development Agencies

The English Regional Development Agencies (RDAs) were established in April 1999 as part of the wider package of devolution measures. One of the first tasks undertaken by the RDAs was the preparation of Region al Economic Strategies (RESs). These strategies were intended to be a means of securing agreement on a single regional vision and programme of development. However, the RDAs are n ot the only actors present in the English regions and the RESs are not the only region al-level planning exercises. This paper reviews the guidance given to RDAs regarding the preparation and content of RESs. It also provides an initial assessment of the strategy documents an d the extent to which they are coordinated with other regional plans and programmes. The eight RESs differ in terms of their structure, content and emphasis. In general terms, and accepting the constraints under which they were prepared, it is clear that they represent positive attempts to develop strategies for the regions. Key issues for the future include the need for RDAs to agree detailed subject-specific action plans, to establish stronger links with other regional actors and to en sure that they add value to regional development.

Analisis Ratio Keuangan terhadap Perubahan Kinerja pada Perusahaan di Industri Food and Baverages yang Terdaftar pada BEJ

2005 ◽  
Vol 1 (2) ◽  
pp. 104
Author(s):  
DIAN MERIEWATY ◽  
ASTUTI YULI SEIYANI
Keyword(s):  
Stock Exchange ◽  
Financial Statements ◽  
Financial Statement ◽  
Financial Ratios ◽  
Future Earnings ◽  
Financial Condition ◽  
Total Capital ◽  
Future Earning ◽  
The Future ◽  
And Performance

Financial statements users need financial informotion of companies to analyze their financial condition and performance. Finacial rotios are useful rneasares for explaning the future earning changes. The study focuses on the usefulness of ftnancial ratios in explaning future eamings.The objective of the study is to empirically examine whether financial statement based tinancial ratios hove ability for explaning future earnings. Data in this study were in food and beverages firms listed on the Jaknrta Stock Exchange. Regression analysis were used in testing the ability financial ratios for explaning changes. The multicollinearity test shows that there is no assosiation between independent variables, indicating multieollinearity is not a seriaus problem. The heteroscedasticity test shows that voriances of disturbances are constant for all observation in independentt variables. Therefore heteroscedasticity is not a problem. The empiricolly result showed that, financial ratios in/luences the futureearnings changes for earning after tax are total debt to total capital assets, total assets turnover, and return on investment. Among those sevent financial ratios that are significant influences the future earnings changes for operating prortt is current ratio.Keywords : Financial Ratios, Performance changes of firms, significantlyinfluence.

scholarly journals Howzat? The Financial Health of English Cricket: Not Out, Yet

2019 ◽  
Vol 7 (1) ◽  
pp. 11 ◽  
Author(s):  
Daniel Plumley ◽  
Rob Wilson ◽  
Robbie Millar ◽  
Simon Shibli
Keyword(s):  
Structural Changes ◽  
Financial Statements ◽  
Financial Health ◽  
Financial Problems ◽  
England And Wales ◽  
Financial Position ◽  
General Terms ◽  
Revenue Streams ◽  
And Performance

In 1997 a review of the financial health of English county cricket highlighted strategic weaknesses within the professional game, principally an over-reliance by clubs on the annual grants provided to them by the England and Wales Cricket Board (ECB). Without such grants the teams, in general terms, would be insolvent. Using the financial statements of the First Class Cricket Counties, this paper explores how the financial position and performance of the county game has changed, 20 years on from the seminal study. A series of structural changes to the game had been made, yet financial problems are still evident. Counties are as reliant on central grant income as they were in 1997, although there are cases where clubs have made strategic enhancements and are becoming self-sustainable as going concerns. Rather than the ECB directly funding county revenue it should be working in collaboration with individual clubs to achieve developments in the game from the grassroots upwards, in order to help clubs grow their own revenue streams.

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