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Article
Publication date: 8 January 2020

Muhammad Shahin Miah, Haiyan Jiang, Asheq Rahman and Warwick Stent

This paper aims to investigate the association between International Financial Reporting Standards (IFRS) effort due to higher levels of material adjustments and audit fees. In…

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Abstract

Purpose

This paper aims to investigate the association between International Financial Reporting Standards (IFRS) effort due to higher levels of material adjustments and audit fees. In addition, this paper tests whether these associations differ between industry specialist auditors and non-specialist auditors.

Design/methodology/approach

The authors measure IFRS effort by using differences between local GAAP and IFRS. More specifically, they measure the differences in the balances of accounts that are prepared under IFRS as opposed to the previously used Australian Accounting Standards Board (AASB) standards. They posit that higher material adjustments and more risk to fair presentation of financial statements require additional accounting and auditing effort (“IFRS effort”).

Findings

The authors find that audit fees are higher when accounting standards are more material and complex at an aggregate level. Nevertheless, not all standards are equally complex and/or material and not all individual standards contribute to higher audit fees. In addition, the results show that the positive association between IFRS effort and audit fees is more pronounced when firms are audited by city-level industry specialists than by non-industry specialists.

Originality/value

Overall, the results are consistent with the prediction of increasing audit fees for firms requiring higher levels of IFRS effort compared to firms requiring lower levels of IFRS effort. The results contribute to the understanding that not all IFRS are equally complex and, thereby, the standards require different levels of auditor effort. Isolating specific standards based on materiality/risk levels is informative to standard setters for standard setting, standard implementation and post-implementation review of standards.

Details

Accounting Research Journal, vol. 33 no. 1
Type: Research Article
ISSN: 1030-9616

Keywords

Article
Publication date: 1 January 1991

Keith Whitfield and Constantine Bourlakis

An analysis is made of the effect of YTS participation on thesubsequent employment and earnings of participants. It uses data fromthe first cohort of the England and Wales Youth…

Abstract

An analysis is made of the effect of YTS participation on the subsequent employment and earnings of participants. It uses data from the first cohort of the England and Wales Youth Cohort Studies. These focus on a cohort of young persons who reached the minimum school‐leaving age in 1984 and were eligible for entry into the original one‐year version of YTS. The results indicate that participation is positively associated with subsequent employment and negatively associated with subsequent earnings.

Details

Journal of Economic Studies, vol. 18 no. 1
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 2 March 2022

Faisal Mohammad Ahsan and Ashutosh Kumar Sinha

Recent empirical findings on the relationship between internationalization and firm performance (I–P) suggest a significant role of firm's context. Extending this line of…

Abstract

Purpose

Recent empirical findings on the relationship between internationalization and firm performance (I–P) suggest a significant role of firm's context. Extending this line of argument, the authors study the effect of internationalization on firm's performance for emerging market firms from knowledge-intensive industries, taking into account the firm's motive of internationalization and host country’s location-based advantages.

Design/methodology/approach

The authors link host country-specific advantages (CSAs) with firm-specific advantages (FSAs) to identify three distinct settings of internationalization for emerging economy firms – (1) asset-exploitative internationalization in developing or least developed countries, (2) asset-exploitative internationalization in developed countries and (3) strategic asset-seeking internationalization. The authors test this study’s hypotheses on a sample of 415 Indian firms from knowledge-intensive industries.

Findings

The authors find that firm's performance upon internationalization is non-linear in each of the three different settings. The nature of the non-linear relationship depends upon location-based advantages of the host country and the motive of internationalization.

Originality/value

The motive of internationalization and the location-based advantages sought during internationalization are unique for emerging economy firms. Hence, the study extends understanding of the I–P linkage in an emerging economy context.

Details

Cross Cultural & Strategic Management, vol. 29 no. 3
Type: Research Article
ISSN: 2059-5794

Keywords

Article
Publication date: 26 November 2021

Ella Guangxin Xu, Chris Graves, Yuan George Shan and Joey W. Yang

The paper aims to examine the effect of corporate governance (CG) on innovation investment, with consideration of ownership types and legal jurisdictions.

Abstract

Purpose

The paper aims to examine the effect of corporate governance (CG) on innovation investment, with consideration of ownership types and legal jurisdictions.

Design/methodology/approach

The authors' empirical analysis is based on a sample of publicly listed family businesses (FBs) from the top-500-list that matched worldwide with non-family counterparts from 2009 to 2018. The study uses a holistic measure of CG to mitigate the conflicting impact of individual CG components found in prior studies. This measure is applied to examine the moderating role of firm ownership type and legal jurisdiction.

Findings

The authors' results demonstrate that CG positively influences innovation investment. This positive relationship is more pronounced in FBs than in non-family businesses (NFBs) and is more prevalent in civil law economies than in common law economies.

Originality/value

The study holistically examines the effect of CG, capturing the combination of all individual governance mechanisms and their influence on innovation investment. The study further shows that comprehensive CG has diverse impacts on innovation investment when considering family control and legal jurisdiction.

Details

International Journal of Managerial Finance, vol. 19 no. 1
Type: Research Article
ISSN: 1743-9132

Keywords

Book part
Publication date: 20 May 2005

Warren J. Samuels

William Breit’s brilliant idea was to commission a Nobel Economists Lecture Series at Trinity University that induced recipients to write autobiographical essays on their…

Abstract

William Breit’s brilliant idea was to commission a Nobel Economists Lecture Series at Trinity University that induced recipients to write autobiographical essays on their individual evolution as an economist. This fourth edition presents eighteen such essays. Breit had two intellectual purposes in mind. One objective was to identify common themes in the laureates’ description of their development as economists. The second objective was to use the materials provided in the essays to examine the question of the role of biography in the development of modern economics as a contribution to a theory of scientific discovery.

Details

A Research Annual
Type: Book
ISBN: 978-1-84950-316-7

Open Access
Article
Publication date: 4 October 2019

Kehinde Medase and Laura Barasa

The purpose of this paper is to investigate how specialised capabilities including absorptive capacity and marketing capabilities influence innovation commercialisation in…

7038

Abstract

Purpose

The purpose of this paper is to investigate how specialised capabilities including absorptive capacity and marketing capabilities influence innovation commercialisation in manufacturing and service firms in Nigeria. The authors hypothesise that absorptive capacity measures including openness and formal training for innovation, and marketing capabilities encompassing new product marketing and marketing innovation are positively associated with innovation performance.

Design/methodology/approach

The authors examine commercialisation of innovation within the profiting from innovation (PFI) and dynamic capabilities (DC) framework and use data from the 2012 Nigeria Innovation Survey to test the hypothesis by means of a Heckman sample selection model.

Findings

The authors find that absorptive capacity measures comprising openness and formal training are positively associated with innovation performance. The authors also find that marketing capabilities as indicated by new product marketing and marketing innovation are positively associated with innovation performance.

Research limitations/implications

The authors acknowledge that firms undergo continuous changes and that there may be the presence of unobserved or unmeasured heterogeneity. Taking into cognisance that Nigeria is a federal state, cultural diversity and economic factors are likely to differ widely between geographical regions. Also, while the proposed conceptual framework offers a deeper understanding of innovation performance, examining how integrating activities of the R&D department, human resource department and marketing department affect innovation commercialisation is likely to provide more meaningful insights.

Practical implications

The role that inter-organisational learning and intra-organisational learning play in driving innovation performance provide managers with a basis for incorporating absorptive capacity building programs that boost employees’ ability to recognise and apply valuable external knowledge to commercial ends. Similarly, firms may benefit from offering marketing capabilities development programs. Furthermore, innovation policies in Nigeria are generally designed to focus on fostering innovation activities aimed at developing innovative output. Accordingly, government support explicitly targeting new product marketing and marketing innovation is likely to play a vital role in the successful commercialisation of innovation in Nigeria.

Originality/value

This study fuses the PFI and DC framework to examine why innovating firms may not necessarily succeed. This area of study has received scant attention in sub-Saharan Africa given that extant literature focusses on value creation as opposed to value capture.

Details

European Journal of Innovation Management, vol. 22 no. 5
Type: Research Article
ISSN: 1460-1060

Keywords

Abstract

Details

Handbook of Transport Modelling
Type: Book
ISBN: 978-0-08-045376-7

Abstract

Details

Handbook of Transport Modelling
Type: Book
ISBN: 978-0-08-045376-7

Article
Publication date: 18 December 2019

Samuel Sekyi, Paul Bata Domanban and George Kwame Honya

The purpose of this paper is to examine the impact of informal credit access on agricultural productivity in rural Ghana.

Abstract

Purpose

The purpose of this paper is to examine the impact of informal credit access on agricultural productivity in rural Ghana.

Design/methodology/approach

Data sets from the Ghana Feed the Future baseline survey involving a total sample of 2,437 rural farm households were used. In order to address the problem of endogeneity and sample selectivity bias, the endogenous switching regression (ESR) model was employed to examine whether rural farm households’ with access to informal credit and those without access differ in terms of their productivity levels and whether access to informal credit affects agricultural productivity.

Findings

Estimates from the ESR show that access to informal credit significantly promotes agricultural productivity. Specifically, farmers with access to informal credit were able to achieve a yield of 48.42 kg/ha more than their counterparts without informal credit access. In terms of the counterfactual, farmers without informal credit access would have increased their yield by 57.61 kg/ha if they were to have access to informal credit.

Research limitations/implications

The study was restricted to the savannah ecological zone of Ghana. This limits the extent of generalisation of results.

Originality/value

This study provides a rigorous econometric analysis of the impacts of access to informal credit on agricultural productivity in rural Ghana. The study contributes to the current debate on the link between access to informal credit and agricultural productivity and provides valuable input for policymakers.

Details

African Journal of Economic and Management Studies, vol. 11 no. 2
Type: Research Article
ISSN: 2040-0705

Keywords

Article
Publication date: 2 December 2021

Terrence Kairiza, George Kembo, Vengesai Magadzire and Asankha Pallegedara

In the absence of well-developed financial markets, Informal Savings and Loans Associations (ISLAs) provide rural households with an alternative consumption coping mechanisms when…

Abstract

Purpose

In the absence of well-developed financial markets, Informal Savings and Loans Associations (ISLAs) provide rural households with an alternative consumption coping mechanisms when confronted by transitory and seasonal food insecurity. The purpose of this study is to investigate the household food consumption coping strategies and gendered importance of ISLAs in improving household food security in rural Zimbabwe.

Design/methodology/approach

This study uses household panel data on rural livelihoods from the 2019 and 2020 household surveys conducted by the Zimbabwe Vulnerability Assessment Committee (ZimVAC). Employing propensity score matching approach to cater for the self-selection bias associated with household ISLA membership, the study estimates average treatment effect of household ISLA membership on food security and gendered importance of the propensity of the household to engage in consumption coping strategies.

Findings

Results shows that the ISLA membership increases household food security and reduces the household propensity to apply non-ISLA consumption coping mechanisms. Female-headed households with ISLA members are more able to increase food security as well as reduce reliance on non-ISLA consumption coping mechanisms than their male counterparts with ISLA members.

Research limitations/implications

Use of household dietary diversity score and food consumption score as two proxies to measure household food security.

Originality/value

This study contributes to the literature on food consumption coping strategies in Sub-Saharan Africa using recent household panel data.

Details

Journal of Agribusiness in Developing and Emerging Economies, vol. 13 no. 2
Type: Research Article
ISSN: 2044-0839

Keywords

11 – 20 of 252