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The purpose of this paper is to gain insights useful to explain the loan puzzle: the unexpected increase of loans to firms in case of a monetary tightening. To this end, the authors develop the analysis using several loan categories distinguished by lender, scope and borrower. This approach helps to unveil significant differences on how those categories respond to the same shock and allow to evaluate possible alternative explanations for such differences.

The paper is empirical. The analysis is based on a large vector auto-regression, estimated using Bayesian techniques and has as object the US economy.

The findings support a supply-side explanation of the loan puzzle, i.e. banks reshuffle their portfolio in favor of short-term business loans after a monetary tightening. Moreover, the authors achieve the following results. First, the analysis shows that loans to small firms increase as well, but less than what observed with large firms: small firms stay between large firms and households. Second, considering advances and other loans allows to conclude that finance companies behave very much as banks. Third, some limited evidence suggests that not just industrial and commercial loans to firms might increase but also more long-term loans, such as mortgages.

The authors develop an analysis, based on state-of-the-art Bayesian techniques, that reveals the differential response of well-distinguished loan categories to several shocks; monetary and real shocks in the first place. After showing their heterogenous response, the authors discuss it in detail, with specific reference to supply and demand factors of credit intrinsic to the transmission mechanism. With respect to previous contributions, the authors consider a plurality of loan categories functional to understand the reason behind each specific response. This allows to conclude in favor of supply factors as an explanation of the unexpected increase of loans to corporate firms in case of a monetary shock.

This paper examines the optimal use of tax incentives relating to the Hawaii sales, use and excise tax. While many states offer exemptions to these taxes, Hawaii is the only known state that ties its excise tax credit to the depreciation method used on the state income tax return. Therefore, the purpose of this study is to use the Hawaii business tax context to illustrate the complex trade-offs and year-by-year analyses that small businesses often must employ in the presence of shifting federal tax policy that indirectly influences state tax structures because of tax coupling. Federal and Hawaii taxpayers can elect to expense depreciable property using the 179 expensing provision or to depreciate using the modified accelerated cost recovery system (MACRS). We develop a model that will help non-corporate small businesses in Hawaii determine their optimal tax cost recovery strategy: (1) Utilize Hawaii Section 179 immediate expensing on purchases of tangible personal property, or alternatively (2) Employ MACRS depreciation on these purchases combined with the Hawaii Capital Goods Excise Credit. Our modeling separately considers the possibility that the proprietor jointly makes the federal and Hawaii cost recovery decision, as well as the alternative possibility that these cost recovery decisions are made independently.

The study illustrates that the interaction of federal and state law differences exacerbated by frequent tax changes may cause significant tax compliance complexity and resulting confusion for small non-corporate business taxpayers who are generally not equipped to wrestle with such issues. From a policy perspective, states may wish to minimize complexity using coupling efforts with federal law or otherwise routinely revisit outdated state tax statutes that indirectly cause unintended tax consequences. States must be cognizant, however, that their own budget constraints may worsen if they fully couple with recent generous federal Section 179 expensing limits.

The purpose of this paper is to introduce the rapidly growing body of expatriate teachers in international schools’ as a neglected community of non-corporate expatriates, and presents a research agenda.

This paper presents a conceptual framework for identifying a possible reason for this neglect; the teachers in international schools can be viewed as “middling actors”, caught in a “middle space” of the emergent “business expatriate” concept, between the discussion about corporate expatriates and precariat workers.

This paper reveals that the body of expatriate teachers in international schools is growing rapidly, and is forecast to reach up to 800,000 by 2026, yet the literature still largely neglects their realities of everyday life as an expatriate.

The concept of an international school defies consensus agreement, and this paper uses data that is academically debatable in its accuracy. The figures should be viewed as the maximum amount.

The concept of the “middling actor” can be further developed, and international schools offer a rich area of research for expatriate researchers.

Teachers in international schools have escaped discussion as expatriates yet warrant greater attention. This paper introduces the concept of “middling” and the “middling actor” as new, yet potentially useful, sociological concepts. The concept of the “middling actor” within the broad “business expatriate” concept can be developed in many different ways and needs further discussion and theorization.

This paper aims to address the need for responsive methodologies to investigate how information and communication technologies (ICTs) are used in non‐business and non‐corporate environments.

The paper presents a case study on developing an IT strategic plan in a community organisation using the process modelling and analysis methodology called “Co‐MAP”.

Co‐MAP as a methodology is significant in being a participatory, responsive, and non‐obtrusive tool to work with welfare workers in getting to articulate information, knowledge and technical issues for decision making.

The research provides a way of obtaining knowledge about structuring of social‐technical relationships in a welfare organisation through a sympathetic approach to its business and culture.

Co‐MAP could be fruitfully used in other organisations, though whether this needs an external facilitator to carry out the process and manage the complex data analysis process is a moot point.

The significance of this case study is that it develops a model for adaptation of how to research and represent data, information, and knowledge flows within a social services organisation, for which there are few other detailed case studies.

This article examines the macroeconomic impact of a consumption‐based value‐added tax (VAT) using simulations of a large‐scale model. The VAT is imposed as a structural reform of the tax code rather than as a revenue‐raising device, i.e., the revenues from the VAT are offset by compensatory reductions elsewhere. Three basic scenarios are examined, in which 1) the VAT is offset by individual rate reductions, 2) abolition of the corporate profits tax in conjunction with a small individual rate cut, and 3) an investment tax credit with the balance of the revenues offset by a personal rate cut. Additionally, this paper examines the effects of the microeconomic incidence of the VAT, i.e., whether it is fully passed through to output prices or shifted back onto profits. The finding is that the VAT in general raises the long‐term level of output, but at the cost of initial output losses, which are in evidence even when the associated rise in the price level is accommodated by a corresponding shift in monetary policy. In addition to changes in the intertemporal distribution of growth, there are significant changes in the composition of GNP, which shifts away from consumption, toward business fixed investment and net exports. These changes are particularly pronounced when the VAT is fully passed through. When the tax is partially shifted back, the gains in investment and trade are less marked, while business profits are reduced, and the long‐term increase in output is smaller.

We examine whether variations in the most fundamental aspects of state corporate income tax regimes affect state economic activity as measured by personal income, gross state product, and total non-farm employment. We focus on a variety of statutory components of state corporate income taxes that apply broadly in most U.S. states and for most multi-state corporate taxpayers. Our econometric strategy consists of a series of fixed effects panel regressions using state-level data from 1996 through 2010. Our results reveal important interaction effects of tax rates and policies, suggesting that policy makers should avoid making decisions about tax rates in isolation. The results demonstrate a relatively consistent negative economic response to the combination of high tax rates with throwback rules and heavy sales factor weights. Combined reporting has no discernible effect on personal income, GSP, or employment after controlling for tax rates, apportionment, and throwback rules. In an effort to gauge the relative impacts of tax policies on the location of economic activity, we also estimate alternative models in which each state’s economic activity is measured as a share of the national economic activity in each year. Statistically significant effects for tax rates, apportionment formulas, and throwback rules in the shares models suggest that at least some of their impact involves the movement of activity across state lines, thereby leaving open the possibility of a zero-sum game among the states.

The purpose of this study is to investigate the role of business intelligence and analytics (BI&A) in mediating the relationship between enterprise resource planning (ERP) and three sets of management accounting practices (MAPs): budgeting, costing and performance evaluation. It also examines the extent to which the usage of ERP affects the intensity of the application of various MAPs.

Structural equation modeling (SmartPLS 3) is used to analyze data collected from a cross-sectional survey of 82 firms in the UAE. The results indicate that the constructs are valid and reliable and that the model supports the research hypotheses.

The findings confirm the positive effect of the extent of using ERP systems, as a construct of modules, on the extent of applying three sets of MAPs. They also show that the extent of the use of BI&A systems partially mediates the relationship between the extent of the use of ERP systems and intensity of applying each of the three sets of MAPs.

The results encourage organizations to adopt BI&A to reap the full benefits of ERP.

In contrast to the extant research that presumes a direct influence of ERP on MAPs, this study investigates if the extent of the use of BI&A mediates the presumed relationship between the extent of the use of ERP and intensity of applying each of the three sets of MAPs.

The role of women entrepreneurs in family businesses is becoming increasingly important, a fact that is reflected in the scientific literature. The purpose of this study is to identify the key research areas that address this issue. To this end, a bibliometric analysis has been carried out to obtain a perspective of the current situation in this field of research and to identify the key areas of research in recent years.

In this study, the analysis is performed using a literature review and bibliometric analysis techniques. The bibliographic source supporting this analysis resulted from a Scopus search of the terms gender, entrepreneurship and family business. VOSviewer was used to facilitate the analysis.

This bibliometric analysis studies the evolutionary trend of publications on gender, entrepreneurship and family business and identifies current research trends. It also identifies authors, journals and countries with the highest impact levels to enhance collaboration and learning.

It would be advisable to conduct further research with a broader bibliographic base and with other search criteria covering other aspects related to the role of women entrepreneurs in family businesses. This work can serve as a valuable source of information for future research in this field and to assist in the development of effective equality policies to address existing social stereotypes.

This research illustrates, using VOSviewer, the current growth of studies in the field of women entrepreneurship in family businesses.