Identifying Decision Useful Information with the Matrix Format Income Statement

We conduct an experiment to investigate the potential benefits of an alternative format for the income statement, the matrix format, initially developed by the International Accounting Standards Board (IASB) and UK Accounting Standards Board in their joint project on performance reporting. Sophisticated financial statement users (financial analysts and professional accountants) and less sophisticated financial statement users (MBA students) were asked to extract information from a set of financial statements that included an income statement either in the IAS 1 format or in the matrix format. We find that the matrix format improves the accuracy with which users extract financial information. This result is driven by greater accuracy, for all user groups, on “below‐the‐line” items. Furthermore, despite lack of familiarity with the matrix format, its use did not appear to affect the time taken, the ease of extracting financial information, or users' task completion confidence; further experience with the matrix format could lead to benefits along these lines as well. Our findings may assist the FASB and IASB in their joint project on financial statement presentation.     

仁川国际机场：韩流激荡世界

韩国首要国际空中门户、客容量世界排名第十、货物交通世界排名第二,启用仅有6年的年轻仁川国际机场载誉无数,已连续两年在世界86个重要机场的业内口碑评选中,获得机场服务质量大奖;获世界航空运输研究学会2006年亚太地区最有效率机场奖,获2007年度OAG世界最佳机场奖。二期工程进行中,目标是在2012年成为世界第五大机场。     

Market and institutional forces in industrial relations: the development of national collective bargaining, 1910–1920

This article reviews recent trends in the historiography of British industrial relations, and highlights a growing emphasis on the influence of employers and impersonal economic forces. In response, the article argues for a renewed recognition of trade unions as a proactive force in the development of industrial relations systems. This view is supported by analysis of the influence of market and institutional forces upon the spread of national collective bargaining. The conclusion is that commercial pressures on employers were relatively unimportant in a process driven by human agency, institutional forces, and wider economic pressures.     

Spatial Planning and Transport in London and the South East—Can Policy Co-Ordination and Delivery be Achieved?

The railway system in London and the south east is fundamental to London in its roles as the capital of the country and as a world-class financial and business centre. This article examines the formal strategies for spatial planning and railway investment in London and the south east and shows that there is a distinct dichotomy between spatial and transport planning. The authors explain the key investments needed in the network. They call for the Government to demonstrate how land use planning and transport investment are dovetailed together and properly funded, and for the Strategic Rail Authority to act more in concert with regional and local interests.     

The nature of heterodox economics

Heterodoxy serves as an umbrella term to cover the coming togetherof separate projects or traditions. In answering the question,‘what distinguishes heterodoxy from the orthodoxy?’,the author argues that matters of ontology are central. In answeringthe question, ‘how are the various traditions that makeup the modern heterodoxy to be distinguished from each other?’,the author defends criteria other than varying commitments tospecific substantive theories, policy measures or techniques(or basic units) of analysis.     

Strategy versus tactics in the not-for-profit sector: A role for relationship marketing?

There is evidence that a good deal of the marketing within the not-for-profit sector tends to be of a short-term tactical nature. More particularly, there would seem to be disproportionate emphasis on the communication element aimed in many cases at donors/funding organisations. This paper proposes a need for a more long-term strategic role for marketing within not-for-profit organisations and due to their particular characteristics, the application of relationship marketing is considered to be necessary to produce such a role.     

Interventionism, Microeconomic Reform and the External Deficit

This article argues that interventionist policies aimed at encouraging export or import-competing industries would not, of themselves, eliminate external deficits under the existing floating exchange rate regime. Similarly, improved productivity and changes in competitiveness are also likely to render microeconomic reform ineffective as an instrument for influencing the external account.