Accounting in the late medieval town: the account books of the stewards of Southampton in the fifteenth century

The fifteenth-century account books of the Southampton town officer known as the steward are the main source used here for a study of accounting in the late medieval town. The article considers internal and external influences on Southampton's early change to paper account books, improved presentation of accounting information and use of English in the stewards' books. It explores the links between writing materials, format and language in the preparation of town accounts at Southampton and other towns. The article concludes by suggesting that the classified account introduced in the steward's book of 1441-2 is evidence of a wider function for charge/discharge accounting than is normally attributed to it.     

Gender differences in knowledge and attitude regarding breastfeeding

The literature presented evidence that the opinions and attitudes of the father or male partner towards breastfeeding have a strong positive correlation with breastfeeding initiation and duration. Men are also found less knowledgeable about breastfeeding and are more positive towards formula feeding than women. Using a survey of college‐aged men and women, this study provides in‐depth understanding of gender differences in knowledge and attitude regarding breastfeeding. The Infant Feeding Knowledge Test and the Iowa Infant Feeding Attitude Scale were included in the questionnaire in addition to questions about the respondents' intention to breastfeed, exposure to breastfeeding during infancy and socio‐demographic characteristics of the family of origin. The final sample consists of 181 women and 88 men enrolled in a university in the Southern US. Linear regressions with gender interaction terms were estimated in order to isolate the gender‐specific correlations between their family background and their knowledge and attitude regarding breastfeeding. A series of Chi‐square tests examined whether the regression coefficients were significantly different between men and women. Results support existing evidence of gender gap in breastfeeding knowledge and attitude. More importantly, the study reveals that the influence of one's family background on their knowledge and attitude regarding breastfeeding is significantly different between men and women. It suggests a possibility of greater disagreement regarding feeding choices within a higher socioeconomic status (SES) couple. Theoretical and practical implications of the findings are discussed.     

14. Postscript on social change

The major weakness of the world dynamics models is that they illustrate the pessimistic consequences of exponential growth in a finite world without taking account of politics, social structure, and human needs and wants. The introduction of an extra variable—man—into thinking about the world and its future may entirely change the structure of the debate which these models have so far limited to physical properties.     

Bankruptcy and firm finance

This paper analyzes how an enforcement mechanism that resembles a court affects firm finance. The court is described by two parameters that correspond to enforcement costs and the amount of creditor/debtor protection. We provide a theoretical and quantitative characterization of the effect of these enforcement parameters on the contract loan rate, the default probability and welfare. We analyze agents’ incentive to default and pursue bankruptcy and show that when the constraints that govern these decisions bind, the enforcement parameters can have a sharply non-linear effect on finance. We also compute the welfare losses of “poor institutions” and show that they are non-trivial. The results provide guidance on when models which abstract from enforcement provide good approximations and when they do not.      

Does private-label production by national-brand manufacturers create discounter goodwill?

Discount stores have a private-label dominated assortment where national brands have only limited shelf access. These limited spots are in high demand by national-brand manufacturers. We examine whether private-label production by leading national-brand manufacturers for two important discounters (one hard and one soft) creates discounter goodwill. We estimate a selection model that is based on a sample of 450 manufacturer-category combinations from two leading discounters (Aldi in Germany and Mercadona in Spain), and we show that private-label production is indeed rewarded: national-brand manufacturers that are involved in such practices have a higher likelihood of procuring shelf presence for their brands. Moreover, while powerful manufacturers are intrinsically more likely to obtain shelf presence with soft discounters, manufacturers with less power can compensate for this by producing private labels. No such dependence on power exists for hard discounters.However, not all national-brand manufacturers are equally likely to produce private labels for discounters. We find that national-brand manufacturers are less likely to do so when: (a) they experience more sales growth, (b) it is more difficult to produce high-quality products in a specific category, (c) they invest more advertising support into their brands, and (d) they introduce more innovations. Moreover, a higher price differential relative to the discounter's private labels makes national-brand manufacturers less likely to engage in private-label production for hard discounters.     

Harmonization of financial reporting of small and medium-sized enterprises in the Czech Republic

A current problem of the present-day accounting and financial reporting consists in aligning the accounting in small and medium enterprises. In July 2009 the International Financial Reporting Standard for small and medium-sized enterprises was issued, which extended the aligning possibilities also to small and medium enterprises considerably. If the standard is adopted by the national legislation, problems connected with the standard implementation in the national legislation will have to be solved as well as practical issues connected with making financial statements. At present the yields and the problems which can arise in connection with the standard application have to be focused on. A contribution of the standard application will be a better informative ability of financial statements on the international level. At small and medium enterprises this can contribute to better comanunication with banks, with investors, rating application are： parallel reporting according to national agencies etc. The problems connected with the standard regulations, differences between the national legislation and the standard, wide practice at keeping accounts and making financial statements and limited approach of small and medium enterprises to obtaining information and to training of their employees. Another problem can be a tight link between the trading income and the tax base, when small companies prefer rather the tax point of view.