Search results

1 – 10 of 18
Book part
Publication date: 12 July 2006

Arun Upneja and Nan Hua

This paper seeks to accomplish three objectives. First, based on prior research, this paper attempts to infer the value relevance of earnings and equity for firm valuation in the…

Abstract

This paper seeks to accomplish three objectives. First, based on prior research, this paper attempts to infer the value relevance of earnings and equity for firm valuation in the restaurant industry. The second objective is to document the joint information content of earning and equity in firm valuation. Finally, the model tested above is used to evaluate the relevance of capital structure for firm valuation in the static capital structure framework. The empirical results indicate that the incremental R2 associated with earnings was found to be generally less than the incremental R2 associated with equity. The adjusted R2 of the model that included both earnings and equity ranged from 0.54 to 0.77. The results suggest that the addition of capital structure variables have no incremental explanatory power in explaining the market value of firm, in the presence of earnings and equity.

Details

Advances in Hospitality and Leisure
Type: Book
ISBN: 978-1-84950-396-9

Abstract

Details

Teacher Preparation in Singapore
Type: Book
ISBN: 978-1-78769-401-9

Content available
Book part
Publication date: 12 July 2006

Abstract

Details

Advances in Hospitality and Leisure
Type: Book
ISBN: 978-1-84950-396-9

Book part
Publication date: 12 July 2006

Abstract

Details

Advances in Hospitality and Leisure
Type: Book
ISBN: 978-1-84950-396-9

Abstract

Details

Teacher Preparation in Singapore
Type: Book
ISBN: 978-1-78769-401-9

Book part
Publication date: 11 August 2016

Mohamed Rochdi Keffala

The major objective of this study is to inspect the differences in the effect of derivatives on the stability between banks from emerging countries and those from recently…

Abstract

The major objective of this study is to inspect the differences in the effect of derivatives on the stability between banks from emerging countries and those from recently developed countries.

According to the repercussions of the recent financial crisis, we divide the whole period into normal period “the pre-crisis period,” 2003–2006, and turbulent period “the crisis & post-crisis period,” 2007–2011. We use the Generalized Methods of Moments (GMM) estimator technique developed by Blundell and Bond (1998) to estimate our regressions.

Our main conclusions show that, in general, using derivatives by banks from emerging countries deteriorates their stability especially during the turbulent period, whereas, using derivatives do not weaken the stability of banks from recently developed countries. We deduce that banks from emerging countries are more destabilized by using derivatives than banks from recently developed countries.

Details

The Spread of Financial Sophistication through Emerging Markets Worldwide
Type: Book
ISBN: 978-1-78635-155-5

Keywords

Abstract

The tradition in academic institutions seems to favour individual effort and achievement. In counterpoint, a group of four Māori women from Aotearoa New Zealand – Nan Wehipeihana, Kataraina Pipi, Vivienne Kennedy and Kirimatao Paipa – share their experiences of journeying together as a kaupapa whānau, 1 enhanced by their whakapapa 2 links to collectively navigate a higher education pathway. They asserted their ways of working and being supportive to each other through a postgraduate diploma in evaluation and research. Their collaborative way of working challenged the academic system where learning is focused on individual effort and achievement. Pushing the boundaries to ensure the benefits of a culture of inclusiveness, collaboration and collectivity in an academic sphere of learning requires a mixture of willingness and cooperation between students and the institution. This chapter describes how this group of four mature Māori students overcame challenges in asserting a cultural stance that was a key enabler to them in successfully attaining their higher educational learning goals.

Details

Māori and Pasifika Higher Education Horizons
Type: Book
ISBN: 978-1-78350-703-0

Keywords

Book part
Publication date: 7 January 2015

This chapter examines China’s corporate governance and accounting environment that shapes the adoption of internationally acceptable principles and standards. Specifically, it…

Abstract

This chapter examines China’s corporate governance and accounting environment that shapes the adoption of internationally acceptable principles and standards. Specifically, it examines international influences, including supranational organizations; foreign investors and international accounting firms; domestic institutional influences, including the political system, economic system, legal system, and cultural system; and accounting infrastructure. China’s convergence is driven by desired efficiency of the corporate sector and legitimacy of participating in the global market. Influenced heavily by international forces in the context of globalization, corporate governance and accounting practices are increasingly becoming in line with internationally acceptable standards and codes. While convergence assists China in obtaining legitimacy, improving efficiency is likely to be adversely affected given that corporate governance and accounting in China operate in an environment that differs considerably from those of Anglo-American countries. An examination of the corporate governance and accounting environment in China suggests heavy government involvement within underdeveloped institutions. While the Chinese government has made impressive progress in developing the corporate governance and accounting environment for the market economy, China’s unique institutional setting is likely to affect how the imported concepts are interpreted and implemented.

Details

Adoption of Anglo-American Models of Corporate Governance and Financial Reporting in China
Type: Book
ISBN: 978-1-78350-898-3

Keywords

Book part
Publication date: 7 November 2022

Nicole Loring

Political corruption takes many forms across different countries and regions. The types of corruption that occur in American politics are drastically different from the…

Abstract

Political corruption takes many forms across different countries and regions. The types of corruption that occur in American politics are drastically different from the clientelism, nepotism, and corrupt electoral practices that are seen in the developing world. This chapter will analyze three distinct cases of political corruption in Southeast Asian politics: clientelism in Cambodia, nepotism in Thailand, and the 2021 coup d'état in Myanmar. All three cases highlight the unique challenges facing developing democracies and reveal that, while political corruption affects all countries to a degree, distinct regional and cultural differences produce different forms of corruption in Southeast Asia than in the United States.

Details

Scandal and Corruption in Congress
Type: Book
ISBN: 978-1-80117-120-5

Keywords

1 – 10 of 18