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Article
Publication date: 1 October 2004

Z.Y. Sacho and H.C. Wingard

This paper investigates the debate as to whether employee share options (ESOs) should be expensed in an entity’s financial statements as required by the IASB’s IFRS 2 …

Abstract

This paper investigates the debate as to whether employee share options (ESOs) should be expensed in an entity’s financial statements as required by the IASB’s IFRS 2 – Share‐based payment (2004). The paper presents arguments for and against expensing ESOs, demonstrating that compensation of employees via ESOs is a bona fide expense in terms of the recognition and measurement criteria of the IASB Framework. It concludes that, the substance of an ESO transaction is that the entity pays an employee for his services, albeit with a different financial instrument. Consequently, the accounting treatment of such compensation should be the same as for any other payment of services of an employee.

Details

Meditari Accountancy Research, vol. 12 no. 2
Type: Research Article
ISSN: 1022-2529

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Article
Publication date: 1 April 2001

H.C. Wingard and Q. Vorster

The problem investigated is whether there is a positive relationship between the environmental responsibility and the financial performance of South African listed…

Abstract

The problem investigated is whether there is a positive relationship between the environmental responsibility and the financial performance of South African listed companies. The financial performance measures ROE, ROA, ROC and EVA were individually correlated with the environmental reporting percentages (i.e. the measure for environmental responsibility) for all the companies. Based on the results of the correlation analyses, it is concluded that there is a positive relationship between the environmental responsibility and the financial performance of South African listed companies; i.e. the higher the level of environmental responsibility of a company, the better its financial performance.

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Meditari Accountancy Research, vol. 9 no. 1
Type: Research Article
ISSN: 1022-2529

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Article
Publication date: 1 June 2012

Humayun Kabir and David M. Akinnusi

The aim of this paper is to determine corporate social reporting practices and to examine the type and extent of such reporting in the corporate reports of manufacturing…

Abstract

Purpose

The aim of this paper is to determine corporate social reporting practices and to examine the type and extent of such reporting in the corporate reports of manufacturing companies in Swaziland over a period of two years from 2007 to 2008. This paper also aims to examine the various areas of social practices in which companies are involved.

Design/methodology/approach

The study uses questionnaires and corporate reports to gather information from 30 selected manufacturing companies. This research uses content analysis of corporate reports as a method to measure the extent and nature of corporate social reporting according to the number of words disclosed over the two‐year period.

Findings

Findings show that the concept of corporate social responsibility is fairly new in Swaziland and very few companies disclose corporate social responsibility information in corporate reports. However, the study finds that there is a trend of increasing corporate social responsibility information disclosures among the companies from 2007 to 2008.

Practical implications

The increasing trend of corporate social responsibility information disclosures indicates a positive step towards the further development of corporate social responsibility information reporting practice in Swaziland as well as other developing African countries.

Originality/value

The study makes an important contribution to the knowledge of corporate social responsibility in Swaziland. In addition, it also elaborates the perspective for a greater understanding of the social obligations that corporate entities owe to their stakeholders and society in general.

Details

Social Responsibility Journal, vol. 8 no. 2
Type: Research Article
ISSN: 1747-1117

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Article
Publication date: 26 March 2010

Edeltraud Guenther, Lilly Scheibe and Vera Greschner Farkavcová

The management of procurement processes can be one important factor in achieving an integrated stewardship of resources. This paper's purpose is to complete an empirical…

Abstract

Purpose

The management of procurement processes can be one important factor in achieving an integrated stewardship of resources. This paper's purpose is to complete an empirical study to record the current perception of hurdles in German industries.

Methodology

The questionnaire‐based survey was conducted with the major 883 large and all medium‐sized companies that are members of the “German Association of Materials Management, Purchasing, and Logistics (AMMPL)” 24 theory and experience‐based questions regarding several areas (legislation, company objectives, knowledge of products and services, costs, motivation) were asked in an explorative design.

Findings

The study identified hurdles that are perceived as significantly greater than others. There are differences in hurdles between the industries, but also within a particular industry. Medium‐sized companies feel more uncertainties regarding legislation or bemoan the absence of supportive guidelines.

Research limitations/implications

The 24 theory‐ and experience‐based questions could not be sorted into clearly defined hurdles groups. Further research in this direction is recommended as well as in‐depth analyses of industries and actors.

Practical implications

Sustained and concerted efforts to reduce the hurdles to further legislation or information campaigns initiatives on those hurdles that have been identified.

Originality/value

The paper indicates that hurdles to green procurement exist and companies have to cope in their efforts to increase their environmental responsibility. The paper provides strategies to handle and overcome such hurdles to firstly support the companies and secondly provide a basis for further in‐depth research on this topic.

Details

Management Research Review, vol. 33 no. 4
Type: Research Article
ISSN: 2040-8269

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Article
Publication date: 12 October 2012

Daniël Coetsee and Nerine Stegmann

The purpose of this paper is to examine the profile of accounting research in the two academic accounting research journals in South Africa (Meditari Accountancy Research

Abstract

Purpose

The purpose of this paper is to examine the profile of accounting research in the two academic accounting research journals in South Africa (Meditari Accountancy Research and SA Journal of Accounting Research) during the ten‐year period from 2000 to 2009.

Design/methodology/approach

The archival research method is applied, which analyses existing data (in this case the articles published in the South African (SA) accounting research journals) to come to research conclusions. The research method used to analyse the related articles in the SA accounting research journals is based on various international studies. The following dimensions are assessed: authorship; research field; the nature of the research; and research methods. Authorship is classified by institution, and the top seven authors by relative contribution are also identified. Both empirical and theoretical work are classified separately in different research methods.

Findings

These different dimensions provide a broad‐based review of the current profile of accounting research in South Africa.

Research limitations/implications

Other refereed academic articles in the field of accounting have been published in non‐accounting specific SAPSE‐approved journals. These articles are also excluded from the scope of this research since the journals in which they are published have not been established by accounting academics specifically.

Practical implications

The motivation for doing this research is to identify the current profile of accounting research in South Africa that could be used as a basis for future research‐related development.

Originality/value

Knowledge of the profile of accounting research in South Africa could provide opportunities for scholars to expand identified research areas and explore methods that are currently under‐developed in the South African accountancy research field. The paper also acknowledges the contributions by the most prolific authors in the identified journals.

Details

Meditari Accountancy Research, vol. 20 no. 2
Type: Research Article
ISSN: 2049-372X

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Article
Publication date: 1 October 2011

Suzette Viviers and Howard Cohen

Capital budgeting is a key issue in corporate finance and over time major theoretical developments have been incorporated into the appraisal processes of capital intensive…

Abstract

Purpose

Capital budgeting is a key issue in corporate finance and over time major theoretical developments have been incorporated into the appraisal processes of capital intensive companies. The purpose of this paper is to investigate the capital budgeting practices of a sample of motor manufacturing companies in South Africa and compare the empirical findings to the existing literature in order to establish whether the theoretical aspects are still widely practiced.

Design/methodology/approach

Semi‐structured personal interviews were conducted with respondents at eight motor manufacturers in the Eastern Cape and Gauteng provinces of South Africa.

Findings

The net present value (NPV) and internal rate of return criteria are the two most popular appraisals methods used in practice. Most respondents used multiple criteria before making substantial capital investments. These findings conform to contemporary capital budgeting theory.

Practical implications

Financial managers should first calculate the discounted payback period of a project before embarking on a more detailed analysis. Once all the data are available, NPV should be used as the primary means of evaluating investments, as this criterion gives the best indication of how much shareholder value the project will add. It is further recommended that more attention be given to “green” considerations in the capital budgeting process.

Originality/value

The paper evaluates the applicability of existing literature on capital budgeting to the practice thereof in a capital intensive industry in South Africa. No similar study has been done previously.

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Article
Publication date: 11 November 2014

Umesh Sharma and Martin Kelly

The purpose of this paper is to explore students’ perceptions and understandings of, and attitudes towards, education for sustainable development (ESD) at Delta Business…

Abstract

Purpose

The purpose of this paper is to explore students’ perceptions and understandings of, and attitudes towards, education for sustainable development (ESD) at Delta Business School (DBS) in New Zealand[1]. The aim is to extend the limited literature on students’ perceptions of ESD within an accounting and business curriculum.

Design/methodology/approach

To ascertain the students’ evaluations of their ESD, a survey was administered to 60 accounting and business students at DBS. The survey data were supplemented with interview evidence from 20 of the 60 students to obtain a deeper understanding of the students’ evaluations.

Findings

A majority of the students perceive ESD as a “good thing.” Students were supportive of the sustainable business learning experience offered at DBS. The results suggest that students’ knowledge of sustainable business practices improved significantly from their studies.

Practical implications

The paper should assist education providers to assess how students perceive ESD. This may help bring about changes, to improve the teaching of sustainable development. Universities can be the main providers of ESD, but other educational providers such as the professional accounting bodies will also need to manage the development of ongoing education processes. Most students at DBS believe they are obtaining a good understanding of the concept of sustainability.

Originality/value

There is a shortage of research concerning how students perceive sustainable development education. This paper contributes to the discussion of what to incorporate in sustainable education programmes, to help students properly to understand sustainable development. We believe accounting and business education should develop graduates into broad-minded thinkers with a capacity for independent and critical thought. This will prepare them for future leadership roles.

Details

Meditari Accountancy Research, vol. 22 no. 2
Type: Research Article
ISSN: 2049-372X

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Article
Publication date: 2 October 2009

Dennis Yao Dzansi and Marius Pretorius

The purpose of this paper is to propose an instrument, the Small Enterprise Social Responsibility Inventory (SESRI) for measuring business social responsibility (BSR) in…

Abstract

Purpose

The purpose of this paper is to propose an instrument, the Small Enterprise Social Responsibility Inventory (SESRI) for measuring business social responsibility (BSR) in the African venture setting.

Design/methodology/approach

The approach was to use the components of Dzansi's framework to create an instrument for measuring BSR activities of small ventures that operate in rural Africa. The instrument was tested in a rural community in South Africa for validity, reliability, structure, and its ability to predict firm performance given performance of certain BSR activities.

Findings

Through factor analysis of data obtained from 314 small businesses in a rural South African setting, the instrument was found to be valid for measuring small business BSR and identified five factors: expected benefits; community or customer practices; realised or actual benefits; awareness or attitude and performance; and employee practices. Through discriminant analysis, employee practice was found useful for classifying ventures as high or low sales and profit performers, suggesting that information on a firm's BSR related employee practices may be useful predictors of sales and profit.

Research limitations/implications

Firstly, the methodology requires self‐evaluation by the respondents. However, those respondents who reported low levels of BSR activities (and negative growth in sales and performance) also reflected on their own “performance” and recorded it as low signifying some level of realistic reporting. Secondly, there is absence of question items about environmental issues. Thirdly, the sample was taken in a small rural setting, which requires caution when generalising from the results.

Originality/value

This study provides an African context specific measurement instrument for addressing small business BSR. Academics will find it useful in their research efforts. Fund managers will also find it useful for evaluating small business BSR performance. Owners/managers will have a benchmark in performing their social obligations.

Details

Social Responsibility Journal, vol. 5 no. 4
Type: Research Article
ISSN: 1747-1117

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Article
Publication date: 4 November 2013

Denice Pretorius and Charl de Villiers

This study aims to investigate the post-implementation impact of expensing share-based payment transactions on basic earnings per share. In recent years, IFRS 2 was one of…

Abstract

Purpose

This study aims to investigate the post-implementation impact of expensing share-based payment transactions on basic earnings per share. In recent years, IFRS 2 was one of the most opposed and controversial standards issued by the IASB.

Design/methodology/approach

The sample relates to the period immediately after implementation (2006-2009) and consists of the 531 firm-year observations where share-based payments were present among Johannesburg Stock Exchange listed companies. The effect of share-based payments on basic earnings per share is assessed.

Findings

The findings of this study show a statistically significant impact on basic earnings per share, but the results are more modest than suggested by prior studies. The number of companies reporting a share-based payment expense increased over the five-year period 2005-2009.

Originality/value

The introduction of IFRS 2 caused small but not necessarily immaterial changes to the income profile of companies. This is important for analysts and general users of financial information who need to be aware of these changes. The results also suggest that IFRS 2 did not merely cause accounting policy changes, but has impacted on the way share-based payment transactions are used by companies.

Details

Meditari Accountancy Research, vol. 21 no. 2
Type: Research Article
ISSN: 2049-372X

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Article
Publication date: 12 March 2019

Deepa P., Meena Laad, Sangita and Rina Singh

The purpose of this paper is to study the recent work carried out in enhancing the properties of bitumen using nano-additives. Bitumen is a by-product obtained from the…

Abstract

Purpose

The purpose of this paper is to study the recent work carried out in enhancing the properties of bitumen using nano-additives. Bitumen is a by-product obtained from the refining process of crude oil, therefore making it a diminishing product. It has been used by mankind since ages for various applications like sealants, binders, waterproof coatings and pavement construction material. It is a black viscous substance with adhesive nature.

Design/methodology/approach

Bitumen is used as a binding material because of its ability to become liquid when heated and become solid when cooled and thus used largely in construction of roads because of its unique properties. Low softening point of bitumen leads to melting of bitumen during summer and causes rutting of roads, whereas during winter it leads to cracking as bitumen acts brittle in nature during low temperature. Increasing global demand of bitumen has created gap between demand and supply which is increasing with the passage of time. Further modern life has created very high traffic volume and heavy load which makes it essential to improve performance of bitumen.

Findings

Research studies have reported that the thermal properties of bitumen are enhanced by using thermoplastic polymers such as styrene-butadiene-styrene, polyethylene and ethylene-vinyl acetate, rubber and bio waste etc.

Originality/value

This paper reviews various types of materials which have been used to improve the properties of bitumen and explores the possibility to synthesise bitumen composite materials with nanoadditives with improved structural, mechanical and thermal properties.

Details

World Journal of Engineering, vol. 16 no. 1
Type: Research Article
ISSN: 1708-5284

Keywords

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