Wechselwirkungen von Finanzkrise und Rechnungslegung

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Politische Ökonomie der Rechnungslegung – Bisherige Forschungsergebnisse und künftige Forschungsperspektiven unter besonderer Berücksichtigung des Lobbyingkonzepts

Particularly in the field of German research tradition concerning financial accounting thoughts about interpretation and development of standards are focal points. Along with the appearance of the information economics it became apparent that financial accounting is not only a technical vehicle but a social institution. By making accounting information publicly available it may have an effect on the distribution of economic income. Insofar the presumption is feasible that those players influence standard-setting whose welfare is directly affected by it. The above mentioned view that is rarely noted in the German-speaking countries is followed by the research approach so called ‘‘Political Economy of Accounting’’. Aim of this research approach is to explain the complex standard-setting process by considering the different parties within a society. The article at hand contributes to sum up state-of-the-art advancements in the field of scientific discourse concerned and provides an outlook on perspectives in this research area.     

Security in a sea of insecurity: job security and intention to stay among service sector employees in Turkey

This article examines the association between job security and intention to stay for those who are employed in Turkey. There is a high level of unemployment in the country and many workers there are concerned about their job security. Job security refers to the objective dimensions of continuous contract, working full-time hours and paid and unpaid overtime. Job security also refers to the subjective dimension of perceived job security. We surveyed 407 employees in banking and related sectors' call centres, five-star hotel front-line staff and airline cabin crews. Results show that objective dimensions of job security are not associated with intention to stay. However, perceived job security is significantly and positively associated with intention to stay. We recommend that human resource managers focus on the perceived job security aspect of employment to keep valuable employees with the company.     

Discussion of “Nowcasting US GDP: The role of ISM Business Surveys”

This paper discusses the contribution of Lahiri and Monokroussos, published in the current issue of this journal, where they investigate the nowcasting power of ISM Business Surveys for real US GDP. The second part of this note includes some empirical considerations on nowcasting quarterly real GDP by using the monthly PMI index for Switzerland. The results indicate that the Swiss PMI is not leading GDP growth; rather, it is coincident, and its nowcasting power is quite good. The signs of the fitted values mostly correspond to the sign of the actual GDP growth, and the important turning points are identified accurately by the model. This also holds true during the recent crisis.