Do Australian companies manage earnings to meet simple earnings benchmarks?

Measurement error in unexpected accruals is an important problem for empirical earnings management research. Several recent studies avoid this problem by examining the pooled, cross–sectional distribution of reported earnings. Discontinuities in the distribution of reported earnings around key earnings thresholds may indicate the exercise of management discretion (i.e. earnings management). We apply this approach to the detection of earnings management by Australian firms. Our results generally indicate significantly more small earnings increases and small profits than expected and conversely, considerably fewer small earnings decreases and small losses than expected. These results are much stronger for larger Australian firms. We undertake an exploratory analysis of alternative explanations for our results and find some evidence consistent with management signalling its inside knowledge about the firm's expected future profitability to smooth earnings, as opposed to 'management intent to deceive' as an explanation for our results.     

Science and society, 1915–1945: the best and the worst

So far this series has looked at the sporadic and amateur development of writing about the future. Before 1914 the examination of coming things was for the most part an interest for writers of fiction, journalists, some politicians and some professionals. The devastating effects of technology during World War I made the study of the future too important to be left to amateurs; it began to be a matter of serious concern for experts and for governments. This article examines these developments during the inter-war years, and it suggests that one of the most decisive factors in changing societies has been the power of Oldthink.     

Towards an Understanding of Social Responsibility Within the Church of England

This research explores the interplay of individual, organisational and institutional variables that produce the current pattern of social responsibility practices within a specific religious organisation, namely the Church of England. By combining elements primarily of neo-institutional theory with Bourdieu’s theory of practice, we construct a theoretical framework to examine the extent to which social responsibility activity is modified or informed by a distinctive faith perspective. Given that neo-institutional theory predicts a convergence of structures and practices between different organisations operating in the same institutional sector, this research draws on a single case study focusing on social responsibility activity in six different Church of England dioceses and shows that the opposite is actually the case: there is evidence of a significant degree of divergence in terms of organisational practice within the same institutional structure. Reasons for that were found to be the impact of human agency and loose institutional structures. This paper thus contributes to the understanding of social responsibility in religious organisations by exploring the dynamics between institutional pressures, organisational context and individual agents operating in the field of faith-based social responsibility. It thereby also contributes to neo-institutional theory.     

Understanding Equity in the Recreation User Fee Context

Equity is a major public concern related to recreation fees on public lands. The purpose of this study was to test a three-dimensional model of equity and to examine the perceptions of equity across demographic segments. Data were collected by a telephone survey with residents (N = 366) of two western states. Confirmatory factor analysis supported the three-dimensional equity model in a recreation fee context. People tended to support democratic equity more than compensatory equity. Greater support was shown for discounted fees for the elderly and persons with disabilities than for discounts for ethnic minorities, low income people, or large families, suggesting the possibility of two sub-dimensions of the compensatory equity construct. Overall, the results do not support that disadvantaged groups seek discounted fees.     

When leisure turns to fear: fear,mobility, and ethno-sectarianism in Belfast

There has been a considerable amount of academic discussion of the type of constraints that influence the non-use of leisure facilities. These analyses have taken into consideration such factors as gender, social class, age and mobility. At least some of these include the fear of entering certain spaces as an additional constraint. This paper reveals that in Belfast, fear, which may be based either on personal experience or on imaginary scenarios that result from rumour and innuendo, is a major factor that deters people from using accessible leisure facilities. The paper contains extensive qualitative material that underlines this point. The authors argue that, despite an ongoing peace process, the sectarianization of place has a massive impact on the use of leisure facilities and recommend that fear should be more often taken into account when constraints on leisure participation are discussed.     

Northern Ireland: the politics of leisure in a divided society

The public provision of leisure services and the impact which this has on the community has become a political issue. Nowhere is this more the case than in Northern Ireland where economic and social problems, together with the Troubles, led to a massive increase in central government's sponsorship of public leisure provision in the 1970s. This was a political gesture made more political in the manner through which district councils and local government officials discharged their devolved responsibilities and the way in which local communities appropriated leisure facilities. The resultant pattern of leisure provision reflects existing community boundaries and, as such, reinforces rather than ameliorates sectarian divisions.     

A Response to 'Ecotourism on Trial: The Case of Billfish Angling as Ecotourism'

This paper estimates the quantity of pollutant produced by the Hong Kong hotel industry through diesel oil consumption. A survey of 20 hotels was carried out to collect three years' energy consumption data. Regression analysis indicated that gross floor area was a major and statistically accepted factor in explaining diesel oil consumption. Diesel oil consumption had reduced from the early 1990s and stabilised by the late 1990s. The sulphur dioxide, nitrogen dioxide, carbon dioxide and particulate pollution created by the hotel industry's diesel oil usage from 1990 to 1999 is estimated. The findings indicate that existing green measures and devices are passive and depend on the assimilation of the atmosphere. Environmental costs have stabilised at about HK$54,000 per annum. More proactive approaches to reduce usage and environmental impacts are proposed.     

The Economics of Morality and Environmental Policy: Comment on the Paper by Frey

Journal of Consumer Policy -