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Article
Publication date: 3 September 2018

Saumya Ranjan Dash and Mehul Raithatha

The purpose of this study is to investigate the impact of disputed tax litigation risk on firm performance and stock return behavior using a sample of Indian listed firms.

Abstract

Purpose

The purpose of this study is to investigate the impact of disputed tax litigation risk on firm performance and stock return behavior using a sample of Indian listed firms.

Design/methodology/approach

The authors use disputed tax liability, reported as a contingent liability by the listed firms, as a proxy for the disputed tax litigation risk. To examine the impact of disputed tax litigation risk on firm performance (measured by accounting and market-based measures), the empirical approach used in this study focusses on the panel estimation technique. A portfolio-based approach using alternative asset pricing models examines the cross-sectional return variation because of the influence of disputed tax litigation risk.

Findings

The results of this study show a negative relationship between firm performance measures and disputed tax litigation risk. Cross-sectional test results reveal that higher disputed tax litigation risk is associated with higher expected returns.

Research limitations/implications

This study focusses on disputed tax reported under the heading of contingent liability as a proxy for litigation risk. The study will help investors and portfolio managers to consider disputed tax litigation risk as an important parameter in the evaluation of firm performance. This study will also help regulators to get feedback on tax related policies and improve the dispute resolution process.

Originality/value

This study adds to the existing literature on the relationship between litigation risk and firm performance. In the context of emerging market, this study is the first-of-its-kind study, which focusses on disputed tax as a litigation risk proxy and examines its possible impact on firm performance and stock return behavior.

Details

Accounting Research Journal, vol. 31 no. 3
Type: Research Article
ISSN: 1030-9616

Keywords

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Book part
Publication date: 19 November 2003

Michael Jones-Lee and Graham Loomes

Abstract

Details

Handbook of Transport and the Environment
Type: Book
ISBN: 978-0-080-44103-0

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Article
Publication date: 1 January 2003

Kate Moss

In December 2001 the then Department of Transport, Local Government and the Regions (DTLR but now currently the Office for the Deputy Prime Minister, hereafter referred to…

Abstract

In December 2001 the then Department of Transport, Local Government and the Regions (DTLR but now currently the Office for the Deputy Prime Minister, hereafter referred to as ODPM) issued the tender document it had promised for the review and update of 5/94 Planning Out Crime (Home Office, 1994) The specification was for good practice guidance on planning out crime to be written within 6 months. Notwithstanding this exercise, the writer contends that in the face of the research, literature, legislation and expertise in relation to designing out crime, papers issued by ODPM and the form of the tender document itself demonstrate that it remains uncommitted to many of the accepted principles of design‐against‐crime and to the cross‐cutting crime reduction obligations of the police and local authorities under the 1998 Crime and Disorder Act. The author anticipates that this lack of commitment may be evident in the forthcoming revised planning out crime guidance and suggests possible approaches to this potentially influential document.

Details

Safer Communities, vol. 2 no. 1
Type: Research Article
ISSN: 1757-8043

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Article
Publication date: 1 February 2005

Ian Frame

This paper describes an introduction to a simple modelling tool for designers of environmentally sensitive buildings.

Abstract

Purpose

This paper describes an introduction to a simple modelling tool for designers of environmentally sensitive buildings.

Design/methodology/approach

The theoretical basis of the program is explained with examples given of typical program output.

Findings

The package can be used as an environmental simulator of a building's energy consumption and energy‐related carbon dioxide emissions. It is specifically designed to help meet the more stringent requirements of the Building Regulations for Fuel and Power L2 Approved Document, April 2002.

Practical implications

The designer can explore building size, shape, fenestration, orientation and fabric thermal properties to minimise a buildings' environmental effect. Aspects of heating, lighting, and natural and mechanical ventilation with heat recovery systems can also be investigated. The spreadsheet is best used to check that buildings will comply with the regulations or used as an early design aid rather than a detailed design simulator of building performance. The program should therefore be of particular interest to architects, building surveyors and building control officers rather than building service engineers.

Originality/value

Describes an innovative approach to thermal design.

Details

Structural Survey, vol. 23 no. 1
Type: Research Article
ISSN: 0263-080X

Keywords

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Article
Publication date: 1 September 2003

Sophie Hogg, Dominic Medway and Gary Warnaby

This article considers the implications of the introduction of legislation enabling the creation of the US concept of business improvement districts (BIDs) into the UK…

Abstract

This article considers the implications of the introduction of legislation enabling the creation of the US concept of business improvement districts (BIDs) into the UK. Based on the US experience, it can be argued that local networks of small and medium‐sized retailers can benefit from establishing a BID in their immediate locale. A number of critical success factors for such BIDs are identified. These include strong leadership, a genuine desire for change, clarity of objectives and support from the local authority. The article concludes with a discussion of the advantages (and potential problem areas) of such localised SME retailer‐led BIDs.

Details

International Journal of Retail & Distribution Management, vol. 31 no. 9
Type: Research Article
ISSN: 0959-0552

Keywords

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Article
Publication date: 1 April 2002

Jamie Saunders

Central Government in the UK has opened the door to futures work at a local level through the modernisation programme for local government. It has created conditions for…

Abstract

Central Government in the UK has opened the door to futures work at a local level through the modernisation programme for local government. It has created conditions for local governance which are strategic and futures‐orientated. This raises challenges and opportunities for developing expert and participative futures research to inform local thinking, decision making and action. It also opens the institutions, structures and processes at a local level to the inherently uncomfortable and destabilising thoughts of what the future may hold within an interconnected and turbulent world. This work appears to be a quiet revolution in the making, creating major opportunities for foresight, futures research and anticipatory management at a local level and for developing processes that focus civic attention on a regular basis on long‐term challenges and implications for personal, corporate and political action.

Details

Foresight, vol. 4 no. 2
Type: Research Article
ISSN: 1463-6689

Keywords

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Article
Publication date: 1 August 2002

Jeremy Porteus

Supporting People is arguably the most comprehensive and radical overhaul of housing‐related support services to date. Much of its success will depend on how providers…

Abstract

Supporting People is arguably the most comprehensive and radical overhaul of housing‐related support services to date. Much of its success will depend on how providers take the policy forward in practice.

Details

Housing, Care and Support, vol. 5 no. 3
Type: Research Article
ISSN: 1460-8790

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Article
Publication date: 1 March 2002

Abstract

Details

Working with Older People, vol. 6 no. 1
Type: Research Article
ISSN: 1366-3666

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Article
Publication date: 1 September 2004

Jamie Harding and Rachel Kirk

The Government has expressed a wish to see more supported accommodation made available to teenage parents, and has identified a number of possible models that might be…

Abstract

The Government has expressed a wish to see more supported accommodation made available to teenage parents, and has identified a number of possible models that might be employed. However, focus group discussions with young parents indicated a strong preference for self‐contained accommodation and a number of concerns associated with shared forms of housing. It was particularly important to the young people to be housed close to sources of informal support. Those forms of professional support that were most appreciated were the ones that closely replicated the help provided by family and friends.

Details

Housing, Care and Support, vol. 7 no. 3
Type: Research Article
ISSN: 1460-8790

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Article
Publication date: 10 July 2009

Suzana Grubnic and Margaret Woods

The purpose of this paper is to consider hierarchical control as a mode of governance, and analyses the extent of control exhibited by central government over local…

Abstract

Purpose

The purpose of this paper is to consider hierarchical control as a mode of governance, and analyses the extent of control exhibited by central government over local government through the best value (BV) and comprehensive performance assessment (CPA) performance regimes.

Design/methodology/approach

This paper utilises Ouchi's framework and, specifically, his articulation of bureaucratic or hierarchical control in the move towards achievement of organisational objectives. Hierarchical control may be inferred from the extent of “command and control” by Central Government, use of rewards and sanctions, and alignment to government priorities and discrimination of performance.

Findings

CPA represents a more sophisticated performance regime than BV in the governance of local authorities by central government. In comparison to BV, CPA involved less scope for dialogue with local government prior to introduction, closer inspection of and direction of support toward poorer performing authorities, and more alignment to government priorities in the weightings attached to service blocks.

Originality/value

The paper focuses upon the hierarchic/bureaucratic mode of governance as articulated by Ouchi and expands on this mode in order to analyse shifts in performance regimes in the public sector.

Details

International Journal of Public Sector Management, vol. 22 no. 5
Type: Research Article
ISSN: 0951-3558

Keywords

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