排序方式: 共有32条查询结果,搜索用时 15 毫秒
11.
We analyze whether fluctuation in economy-wide factors cause time-series variation in the contracting costs of moral hazard, adverse selection, and financial distress for a sample of straight debt issues. We find that the announcement period abnormal returns to debt issues are more negative in periods of higher interest rates and in industry downturns. When we partition the impact of each issue- and firm-specific measure of contracting costs across high and low levels of each economy-wide variable, we find that only the measures of agency cost are significant in general, and measures of financial distress become relevant for those debt issues that constitute a leverage increase for the firms. 相似文献
12.
This paper introduces for discussion a paradigmfor teaching ethics in business courses basedon the system known as naturalistic ethics. Aform of naturalistic ethics based on the valuesystem proposed by B. F. Skinner is suggestedas a framework suitable for the multi-faceted,cross-cultural, and global nature of the moderncorporation. The relevant literature on tourismand hospitality ethics and the more recentstudies on business ethics education arereviewed. An interpretation of Skinner's systemis given, and its suitability as a frameworkfor ethics education in business courses isaddressed. 相似文献
13.
Mehmet Devrim Aydin Dogan Nadi Leblebici Mahmut Arslan Mustafa Kilic Mustafa Kemal Oktem 《International Journal of Human Resource Management》2013,24(5):701-719
In this study, IQ and EQ determinants of pre-eminent achievement in organizations were explored to help HRM specialists in selecting more appropriate job applicants, having potential for outstanding performance in their career paths. Several EQ elements were proved the most important in the achievement. However, IQ elements still play a very important role in superior performance. Results also exhibit that correlation of IQ and EQ levels of superior performers is significant and strong. In conclusion, HRM specialists have to test both IQ and EQ in the hiring process, to create a high-performing workforce in their organizations. 相似文献
14.
Ufuk Devrim Demirel 《The Canadian journal of economics》2015,48(4):1321-1349
Studies that evaluate the effects of technology shocks often employ structural VARs identified with long‐run restrictions. In the presence of a mismatch between the lag structures of the true data‐generating process and the adopted VAR, estimates based on long‐run restrictions can be biased. This paper offers a method that can reduce this bias substantially. Using artificial data, I assess the performance of the proposed method and find that it can outperform a range of alternative procedures. Applying the procedure to the US data, I find that per‐capita hours exhibit a positive hump‐shaped response profile in response to a technology shock. 相似文献
15.
Devrim Murat Yazan Vahid Yazdanpanah Luca Fraccascia 《Business Strategy and the Environment》2020,29(5):2078-2091
This paper investigates the negotiation phase of industrial symbiosis relationships, where companies exchanging wastes for inputs need to develop strategies on how to share the additional costs to operate the industrial symbiosis business. The business behavior is approached as a “coopetition” problem where companies need to cooperate to reduce waste discharge costs and traditional input purchase costs and dive into competition to pay a minimum share of additional costs (i.e., waste treatment, waste transportation, and transaction costs) of operating industrial symbiosis. A noncooperative game‐theoretical model for sharing the additional costs is proposed that highlights the two strategies that companies can adopt aimed at sharing costs: a fair strategy and an opportunistic strategy. Then, an agent‐based model is used to simulate the game iterated over time and investigate how the players can adapt their strategies according to their past experience. Simulation results show that players learn that playing the fair strategy is beneficial in the long period, despite in the short period they can gain more benefit by playing the opportunistic strategy. Findings of the paper are critically important to reduce the business and managerial barriers against the formation of industrial symbiosis networks and to stimulate innovative thinking of company managers to foster the development of the circular economy. The paper proposes theoretical, managerial, and policy implications, which are discussed in detail in a comparative manner between linear and circular economy. 相似文献
16.
Devrim Dumludag 《International Review of Economics》2014,61(2):127-152
The main purpose of this paper is to evaluate the impact of different types of income comparison on subjective well-being in transition countries and developed European countries. The paper relies on the Life in Transition Survey (European Bank for Reconstruction and Development 2011), which was conducted in late 2010 jointly by the European Bank for Reconstruction and Development and the World Bank. The emphasis of the paper is on income comparisons, specifically; local comparisons and self-ranking. The main findings reveal that comparisons have a significant impact on life satisfaction in transition countries, whereas the relationship between comparison and life satisfaction is ambiguous in developed European countries. In transition countries, the impact of comparisons is asymmetric: in most cases, under-performing one’s benchmark has a greater effect than out-performing it. In transition countries, both downward and upward evaluations have an impact on life satisfaction, while it is worthy of note that all upward evaluations have no effect on life satisfaction in developed European countries. 相似文献
17.
18.
本文运用我国2005年至2008年A股市场的数据,实证研究了新会计准则的实施、盈余动机与应计及真实盈余管理的关系。结果发现:与国际财务报告准则趋同的新准则强制实施以后,公司的应计盈余管理空间扩大了,公司的真实盈余管理也明显地增加了,其中应计盈余管理空间的扩大可能是由于会计稳健的结果;公司为满足盈余管理的各种动机需要,会灵活地同时使用应计与真实盈余管理来协调互补地达到恰当调节利润的目的;除了股票增发(Zengfa)动机以外,其余各种动机在一定程度上都利用了新会计准则的强制实施来进行应计或各种真实盈余管理,以达到操纵利润的目的。 相似文献
19.
Rodrigo F. Durán M. Belén Lozano Serhat Yaman 《Journal of Business Finance & Accounting》2016,43(9-10):1325-1360
This empirical research examines the effect of family control on firms’ cash holding policy. Using a sample of Western European firms, we confirm the precautionary motive for holding cash as family‐controlled firms’ desire to perpetuate the family legacy for future generations motivates them to accumulate more cash than their non‐family counterparts. We also show that, given family‐controlled firms’ long‐term perspective, they focus on cash flow volatility rather than cash flow level. Finally, the relation between financing constraints and cash holdings is not homogeneous: financially constrained family‐controlled firms hold higher levels of cash than financially constrained non‐family firms. Overall, these results suggest that family firms’ cash holding policy is the result not of a specific financial outcome but rather on the strategic objectives of the firm. 相似文献
20.
IFRS的强制趋同、盈余动机与应计及真实盈余操纵 总被引:2,自引:0,他引:2
本文运用我国2005年至2008年A股市场的数据,实证研究了新会计准则的实施、盈余动机与应计及真实盈余管理的关系。结果发现:与国际财务报告准则趋同的新准则强制实施以后,公司的应计盈余管理空间扩大了,公司的真实盈余管理也明显地增加了,其中应计盈余管理空间的扩大可能是由于会计稳健的结果;公司为满足盈余管理的各种动机需要,会灵活地同时使用应计与真实盈余管理来协调互补地达到恰当调节利润的目的;除了股票增发(Zengfa)动机以外,其余各种动机在一定程度上都利用了新会计准则的强制实施来进行应计或各种真实盈余管理,以达到操纵利润的目的。 相似文献