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Article
Publication date: 8 November 2011

Michael A. Gunderson, Joshua D. Detre, Brian C. Briggeman and Christine A. Wilson

The purpose of this paper is to identify relevant financial concepts and skills that are being taught and/or should be taught, as part of the financial management curriculum in…

1912

Abstract

Purpose

The purpose of this paper is to identify relevant financial concepts and skills that are being taught and/or should be taught, as part of the financial management curriculum in undergraduate agricultural economics and agribusiness programs.

Design/methodology/approach

The skill gap analysis uses survey respondents' rankings of the importance and competence scores of recent graduates' skills. The scores help to identify opportunities for improvement in the most critical areas of importance. The skill gap is calculated as (Average importance–Average competence)*Average importance.

Findings

Generally, employers in the agricultural financial services sector saw greater opportunities for improvement in finance skills relative to non‐finance skills. The results also indicated a greater focus on business and financial risk might be helpful in increasing the competence of new hires. Finally, respondents strongly endorsed maintaining a focus on the problem‐solving skills in undergraduate agribusiness programs.

Originality/value

The value of the study would be that departments of agricultural and applied economics would use the results of this survey to enhance their financial management curriculum and their undergraduate program. By responding to the desires of employers, agricultural economics and agribusiness programs cannot only remain relevant as a source of employees for the industry but the first choice of agricultural financial services sector when they are searching for new hires. This should also help inform students of the desirability of the skills they acquire in their degree programs. This information will also benefit the agricultural finance services sector by assisting college and university instructors in developing and/or enhancing their agricultural finance course(s) so that the may provide their students with the requisite financial and non‐financial skills that they require.

Details

Agricultural Finance Review, vol. 71 no. 3
Type: Research Article
ISSN: 0002-1466

Keywords

Article
Publication date: 1 March 1981

David Cobham

Several different definitions of Domestic Credit Expansion (DCE) in the UK have been used either for official or for academic purposes, yet apart from an early paper by Art is and…

Abstract

Several different definitions of Domestic Credit Expansion (DCE) in the UK have been used either for official or for academic purposes, yet apart from an early paper by Art is and Nobay (1969) there has been little serious discussion of the issues involved. This expository note is intended to clarify the differences between the various definitions. Section I uses a table of assets and liabilities by sector to show the relationship between DCE, the change in money supply (ΔM) and the balance of payments/change in foreign reserves (ΔR)for a simple monetary system. Section II uses a more complex table to present three official definitions of DCE for the UK and three definitions that have been used in academic work. Section III considers the choice between the definitions in terms of the purposes for which the concept of DCE might be used. Section IV summarises the main conclusions.

Details

Journal of Economic Studies, vol. 8 no. 3
Type: Research Article
ISSN: 0144-3585

Article
Publication date: 1 September 2004

Peter Koveos and Dipinder Randhawa

The objective of this study is to analyze the framework within which microfinance institutions (MFIs) deliver their services and provide an assessment of their operations and…

4190

Abstract

The objective of this study is to analyze the framework within which microfinance institutions (MFIs) deliver their services and provide an assessment of their operations and financial management. These institutions are examined because of their current importance to a special group of consumers, primarily the poor and disenfranchised in the developing world, and of their future promise as an economic development solution. Since the objective of these institutions is somewhat unique, the manner of their assessment must also differ from that used to assess the performance of traditional financial intermediaries. In particular, assessment of MFIs must recognize their dual (bank and development instrument) status. Their efficiency, then, must be analyzed in terms of its economic (or financial) dimension as well as its social dimension. The first dimension may be examined with traditional measures, while examination of the second requires measures that reflect the MFI’s social objectives. In order to accommodate the special nature of MFIs, this study proposes the use of a Balanced Scorecard approach. It contributes to the study of financial institution performance by examining a non‐traditional group of institutions using a variety of assessment measures. The findings should be of value to those interested in the financial sector as well as those involved in public policy decision making.

Details

Managerial Finance, vol. 30 no. 9
Type: Research Article
ISSN: 0307-4358

Keywords

Article
Publication date: 12 January 2022

Sureyya Burcu Avci and Gözde Sungu-Esen

This paper aims to investigate the association between country-level sustainability scores and cross-border bank-to-non-bank flows within countries.

Abstract

Purpose

This paper aims to investigate the association between country-level sustainability scores and cross-border bank-to-non-bank flows within countries.

Design/methodology/approach

The authors analyze cross-border banking flows into the real sector firms of 26 developed countries from 2006 to 2017. The authors use a dynamic panel ordinary least square along with an instrumental variable and a generalized method of moments regressions to test the relationship between country-level sustainability scores and cross-border banking flows. Additionally, the authors apply Fama-MacBeth cross-sectional regression and non-parametric portfolio tests to obtain robust results.

Findings

The impact of country-level sustainability scores on cross-border banking flows is positive and significant. This finding is consistent with the signaling theory, which states that a country’s sustainability score is a signal to attract more international fund flows. Notably, the authors deduce that environmental sustainability is more important than the social and governance pillars.

Practical implications

The findings indicate that the real sector firms located in countries having higher sustainability scores can receive more international bank flows. Consequently, policymakers should focus more on country-level sustainability investments to improve the financing of resident firms.

Social implications

Policymakers should focus more on country-level sustainability investments to improve the financing of resident firms.

Originality/value

To the best of the authors’ knowledge, no existing study has investigated the signaling function of country-level sustainability scores in the cross-border banking flow conjecture. By investigating this relationship for real sector firms, this study portrays how the non-banking sector can benefit from such a policy that promotes sustainable practices at the country level.

Details

Sustainability Accounting, Management and Policy Journal, vol. 13 no. 3
Type: Research Article
ISSN: 2040-8021

Keywords

Article
Publication date: 1 September 2005

Rachel Ashworth, Tom Entwistle, Julian Gould‐Williams and Michael Marinetto

This monograph contains abstracts from the 2005 Employment Research Unit Annual Conference Cardiff Business School,Cardiff University, 6‐7th September 2005

2295

Abstract

This monograph contains abstracts from the 2005 Employment Research Unit Annual Conference Cardiff Business School, Cardiff University, 6‐7th September 2005

Details

Management Research News, vol. 28 no. 9
Type: Research Article
ISSN: 0140-9174

Keywords

Article
Publication date: 24 April 2020

Erik Hanson and Cheryl Joy Wachenheim

This paper aims to describe the nature of an agricultural lending position and reports an industry perspective of skills required for a new graduate entering the profession.

Abstract

Purpose

This paper aims to describe the nature of an agricultural lending position and reports an industry perspective of skills required for a new graduate entering the profession.

Design/methodology/approach

Loan officers and those directly supervising loan officers were surveyed regarding job characteristics and perceptions of the skills needed for career success.

Findings

Lenders perceive on-the-job training to be slightly more valuable than post-secondary training for preparing students for a career in agricultural lending. Financial skills were rated to be roughly as important as non-financial skills for early career success. Financial topics identified as important include financial statements, breakeven analysis and accrual-basis earnings. Communication and risk analysis were rated as the most important non-financial topics needed for early career success. Regarding their jobs, lenders indicated that they devote much of their time to managing loans and developing or maintaining relationships with customers. Benefits were identified as the most important feature for job satisfaction, particularly among agricultural lenders, that also work essentially full time on a farm or ranch. Work environment, work flexibility, location and salary were also considered to be important job characteristics.

Originality/value

This paper updates the literature regarding industry's preferred skills and refines the surveyed audience to only those currently performing or directly supervising agricultural lending. It adds a unique perspective on the work time allocated to various agricultural lending activities and lenders' valuation of job characteristics. These insights may guide curricular and course design, career planning and employee recruitment and marketing efforts.

Details

Agricultural Finance Review, vol. 80 no. 4
Type: Research Article
ISSN: 0002-1466

Keywords

Article
Publication date: 1 March 2000

Maud Tixier

Looks at the distinctive Australian background and the features of the national communication culture that may impact on business life as well as those of the traditional…

3798

Abstract

Looks at the distinctive Australian background and the features of the national communication culture that may impact on business life as well as those of the traditional executive culture. Brings out the specifics of the Australian management style from a foreign viewpoint, looking at what differences exist compared to New Zealand, the United States and Asian countries. Concludes that Australians need to develop understanding of the global market whilst retaining their easy regard in which they are held.

Details

Cross Cultural Management: An International Journal, vol. 7 no. 1
Type: Research Article
ISSN: 1352-7606

Keywords

Article
Publication date: 12 July 2022

Kenneth Hsien Yung Chung and Peter Adriaens

This paper aims to quantify the impact of environmental contamination on farmland valuation. It applies data fusion and hedonic pricing approaches to quantify the contribution of…

Abstract

Purpose

This paper aims to quantify the impact of environmental contamination on farmland valuation. It applies data fusion and hedonic pricing approaches to quantify the contribution of nitrogen and phosphorus loading on farmland sales transactions. It further suggests approaches to improve internalization of environmental cost in valuation approaches using shadow pricing. The work informs the field of environmental, social and governance (ESG) investing by fusing environmental data with financial transactions.

Design/methodology/approach

This paper is an empirical study implementing hedonic pricing of farmland in the Lake Huron major drainage area. Data sources and fusion were derived from AcreValue, the United States Department of Agriculture's Gridded Soil Survey Geographic database (gSSURGO) and the United States Geological Survey's Spatially Referenced Regression on Watershed Attributes database (SPARROW).

Findings

The results suggest that environmental contamination has statistically significant positive determination power on farmland prices such that prices increase with contamination. Conventional metrics such as percentage of cultivated land in the parcel, root zone depth, whether the parcel is designated by the Natural Resource Conservation Service as prime farmland, and the size of the farmland parcel contribution to farmland value as well. The results indicate that environmental impacts are not accurately accounted for in farmland transactions.

Research limitations/implications

This paper points to inaccurate valuation of environmental contamination in farmland value. While geocoding allowed for positioning of farmland sales transactions relative to modeled areas of contaminant loading in the Lake Huron drainage area, the interpretation indicates that value is driven by cultivation. Hence, generalization to other areas needs a cautious approach. Empirical testing across locations and drainage areas with diverse farmland features will serve to verify the modeled data used in this study.

Practical implications

The lack of integration of externalities in land valuation has implications on lending and disclosure practices, as financial service providers increasingly seek to account for ESG risk on their loan books and broader investment portfolios. The impact of farmland accounting practices for contamination such as shadow pricing may impact land valuation based on future cash flows, and may serve to inform sustainability-linked lending practices to farm operations.

Originality/value

This is the first paper to fuse data from AcreValue, gSSURGO and SPARROW to discover the explanatory power of nutrient contamination in farmland value in the Lake Huron major drainage area.

Details

Agricultural Finance Review, vol. 83 no. 1
Type: Research Article
ISSN: 0002-1466

Keywords

Article
Publication date: 1 August 1999

David A. Schwartz and Brian H. Kleiner

Considers the effect that the baby boomer generation will have upon retirement and compares the present lifestyle to the future. Discusses the impact this generation may have in…

1263

Abstract

Considers the effect that the baby boomer generation will have upon retirement and compares the present lifestyle to the future. Discusses the impact this generation may have in health and productivity terms and looks at age discrimination and work alternatives. Concludes that many companies faced with more mature workers will have to revise their attitudes.

Details

Equal Opportunities International, vol. 18 no. 5/6
Type: Research Article
ISSN: 0261-0159

Keywords

Open Access
Article
Publication date: 24 May 2022

Charles Martinez, Christopher N. Boyer, Tun-Hsiang Yu, S. Aaron Smith and Adam Rabinowitz

The authors examined the impact of the Market Facilitation Program (MFP) and Coronavirus Food Assistance Program (CFAP) payments to United States agricultural producers on…

Abstract

Purpose

The authors examined the impact of the Market Facilitation Program (MFP) and Coronavirus Food Assistance Program (CFAP) payments to United States agricultural producers on non-real estate agricultural loans.

Design/methodology/approach

The authors used quarterly, state-level commercial bank data from 2016–2020 to estimate dynamic panel models.

Findings

The authors found MFP and CFAP payments not associated with the percentage of non-real estate agricultural loans with payments over 90 days late. However, these payments associated with the percentage of non-real estate agricultural loans with payments between 30 and 89 days late. The available data utilized cannot consider when producers received the actual payment and what they specifically did with those funds.

Originality/value

The contribution of this study is for US policymakers and agricultural lenders. The findings could be helpful in designing and implementing future ad hoc payment programs and provide an understanding of potential shortcomings of the current safety net for agricultural producers in the Farm Bill. Additionally, findings can assist agricultural lenders in predicting the impact of ad hoc payments on their distressed loan portfolios.

Details

Agricultural Finance Review, vol. 83 no. 1
Type: Research Article
ISSN: 0002-1466

Keywords

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