Perceptions and experiences of career success among aspiring and early career accountants and the role of organisational support

Positive perceptions of career success are critical among accounting professionals, given their connection with performance, turnover and organisational commitment. Drawing on career stage theory, this study explores the perceptions and experiences of career success among 475 aspiring (Accounting/Finance students), 305 early career accountants (ECAs) and 165 managers/recruiters in Australia. Findings reflected both objective and subjective dimensions of career success alongside notable differences between aspiring accountants and ECAs, highlighting shifting views across the career stages of exploration and establishment. While ECAs were largely positive about their access to career success, managers/recruiters identified ways to create further opportunities for ECAs' career success.     

Hierarchical random-effects model for the insurance pricing of vehicles belonging to a fleet

We propose a count-data model with hierarchical random effects for the posterior insurance ratemaking of vehicles belonging to a fleet, by allowing random effects for the fleet, the vehicles, and time. We derive a simple closed-form ratemaking formula based on a hierarchical random-effects specification. We estimate the corresponding econometric model and compute insurance premiums according to the past experience of both the vehicle and the fleet. Our model can be used in other count-data applications with random individual and common effects on events involving many agents having activities with a principal in a hierarchical principal–agent environment, such as in education, health care management, finance, and business firms.