The Role of Current Cost Accounting for Financial Reporting and Regulation in Utility Industries

This article considers the role of accounting, in particular current cost accounting (CCA), in influencing perceptions of financial performance and consequently regulatory decisions in utility industries over the past 25 years. It examines the accounting practices of nationalized industries, and how privatization affected accounting in utilities. It concludes with a discussion of more recent developments in relation to regulatory accounts and their role in regulatory decision-making.     

Joint Ventures, Universities, and Success in the Advanced Technology Program

America's most innovative firms (with 40%+ of U.S. patents assigned to U.S. entities during 1988–96) participate, often repeatedly, in the Commerce Department's Advanced Technology Program (ATP). Participation significantly increases firms'innovation (patenting) while receiving ATP support versus before and after. Firms generally increase patenting by 5–30 patents per year when participating—up 4 to 25% from before participation. University participation in a project increases firm patenting. Funding amount matters for single participants (often startups with small R&D budgets) with positive impact limited to firms with large grants. For joint ventures, participation is more important than funding level. (JEL O3 , H5 , L24 )     

The trade-off between agriculture and biodiversity in marginal areas: Can crofting and bumblebee conservation be reconciled?

Crofting is a low intensity agricultural system restricted to the Highlands and Islands of northern Scotland typified by small scale mixed livestock production and rotational cropping activities. As with other low intensity farming systems across Europe, crofting is changing in response to a range of socio-economic factors. This is having a negative impact on the populations of rare bumblebees that are associated with this agricultural system. In this paper we use an ecological-economic modelling approach to examine the likely impacts of introducing two different management options for conserving bumblebees on croft land-use and income. Two linear programming models were constructed to represent the predominant crofting systems found in the Outer Hebrides, and varying constraints on bumblebee abundance were imposed to examine the trade-off between conservation and agricultural incomes. The model outputs illustrate that in some instances it is likely that both agricultural profits and bumblebee densities can be enhanced. We conclude that policy-makers should take into consideration the type of farming system when designing cost-effective agri-environment policies for low intensity farming systems, and that improvements in bee conservation are not necessarily in conflict with maintaining farm income.     

Distinguishing closely held companies for taxation purposes: The Australian experience 1930-1972

Early in the life of Australia's income tax, the government, sensitive to loss of taxation revenue through artificial arrangements to divert taxable profits from individuals to companies where they would be taxed more lightly, saw fit to provide a special taxation regime for closely held companies. From the first attempts by the government to distinguish closely held companies for tax purposes in 1930, until the final legislative changes in 1972, there arose a highly unsatisfactory situation in which taxpayers sought, through increasingly artificial means, to subvert the legislative purpose with the aim of tax avoidance. The government's response throughout was inadequate in a number of respects, and fuelled the fires of tax avoidance through inept drafting of the relevant legislation and delayed treatment of perceived abuses by taxpayers.     

The integration of water quality into transboundary allocation agreements Lessons from the southwestern United States

There is now a fairly substantial literature that addresses transboundary water allocation both at the international and interstate level. However, most of this literature deals almost exclusively with the question of allocation and ignores quality considerations. At the same time, there is a growing literature on transboundary pollution control and upstream/downstream externalities. What is missing is an attempt to integrate quality consideration into allocation agreements. This paper examines several allocation agreements and disputes in the southwestern United States and Mexico and looks at the ramifications of omitting pollution control and quality considerations in these negotiations.     

HRM Role in EEO: Sheep in Shepherd’s Clothing?

Despite a plethora of laws prohibiting discrimination in employment, supporting and enforcing equal employment opportunity (EEO) principles has proven to be an enormous challenge for those charged with this responsibility. The question often asked is who should exercise this role in organizations. Not surprisingly, there has been a call for HRM to become the guardian of EEO in organizations but should human resource managers be male or female, and/or would line managers be better positioned to assume this responsibility? This paper overviews the literature and then summarizes an empirical study that attempted to address the possible impact of these options as they exist in organizations. One hundred and eighty respondents who met the criterion of having interviewed one or more job applicants in the previous 6 months were systematically selected from business telephone listings. Based on self-reported behaviors, no significant difference was found between the expected and actual distributions of HR and line managers in respect to whether decisions were made on unlawful grounds. The percentage of each respondent category that asked unlawful questions varied from 1% to 36% depending upon the attribute (unlawful ground of discrimination) under consideration. This begs the question as to what value HR managers contribute to EEO in the selection process. The second finding was that significantly less female managers admit to making decisions on the basis of unlawful questions than male managers. Thus, support was found for female line managers as guardians of EEO but no clear justification for HRM in this role.