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The purposes of this study were to measure the relevance status of Index Islamicus, evaluate the semantic correlation between a query and documents and inquire the basis of its rank. Sorting the retrieved results from the most relevant to the least relevant is the common option of an information retrieval system. This sorting mechanism or relevance judgment is computed by measuring closeness of query with its documents.

Forming up 100 queries on Islamic History and Civilizations, with two indexing elements (keyword and concept), a laboratory experiment was generated on its first ten items of the rank. Throughout an experimental research design, the relevance status value formula was used to measure system-computed rank and compare it with mean average precision.

The results showed that the average status value of Index Islamicus’s ranking on relevance criterion was 18 per cent effective in terms of retrieving precise documents. Despite the main focus of this study being only on one subject domain and the items calculated were only 1,000, this small percentage of its ranking mechanism proved that semantic correlations between queries with subject domain did not achieve the satisfactory level.

Implication of this study could be a guideline for further research on ranking mechanism of other search engines because the limitation of this study was Index Islamicus being the only database, which was the focus of this study.

Throughout this study, Index Islamicus would be benefited knowing the status of its ranking mechanism as well as other databases can make further research on their own ranking method following this study.

Researchers and vendors of online databases can ensure their users a true platform of search engine with a proper ranking list.

Relevance status value model for Index Islamicus on Islamic History and Civilization that allows the system to rank documents according to the match between document and query and gives the idea of a better index. The model improves the system’s ranking mechanism, and promotes the use of semantic relationships. This research promotes the computation of relevance status value by domain for capturing subject-specific relevance criteria and semantic relationships.

For reasons of technical convenience, current retrieval algorithms based on probabilistic reasoning are derived from models that assume patrons evaluate documents using a two value relevance scale. This paper extends the theory by describing a model which includes a more general relevance scale. This model permits a re‐examination of the earlier theory as a special case of that developed here and leads to a more satisfying interpretation of the ranking principle of the earlier models.

In this viewpoint, the authors aim to discuss sustainability issues in university education. Balancing what we call the “Accounting View” and the “Sustainability View”, the authors illuminate the status of value relevance of sustainability information and question the depth of business students' processing of this information.

The discussion was triggered by an experimental study on sustainability disclosure which revealed interesting findings related to the participating students' prior sustainability and accounting coursework. The authors start the viewpoint from these findings and contrast them with existing views on sustainability and accounting (education).

The amount of accounting coursework was positively related to the probability of including sustainability information in future stock value estimates, whereas this applied only marginally to sustainability coursework. However, students with more sophisticated sustainability knowledge seemed to scrutinize the given sustainability information more deeply, while students with “pure” accounting knowledge seemed more willing to simply accept the information.

The authors argue for advancements in the curriculum for business students that foster critical thinking and might prevent students (and thus potential future managers) from using sustainability information superficially. The authors caution against regarding sustainability issues as an “add-on” to existing courses and curricula and call for a combination of integrating sustainability issues in (core) business courses and offering standalone courses on sustainability management or CSR.

Triggered by findings from an experimental study, the authors contrast different opinions on sustainability education of business students and offer a new viewpoint on the (supposed) value relevance of sustainability information for future business leaders.

The Spread of Status Value theory describes how new diffuse status characteristics can arise out of the association of initially non-valued characteristics to existing status characteristics that are already well-established in a society. Our objective is to extend this theory so that it describes how still other status elements, which have become of interest to researchers such as “status objects” (Thye, 2000) and “valued roles” (Fişek, Berger, & Norman, 1995), can also be socially created.

Our approach involves reviewing research that is relevant to the Spread of Status Value theory, and in introducing concepts and assumptions that are applicable to status objects and valued roles.

Our major results are an elaborated theory that describes the construction of status objects and valued roles, a graphic representation of one set of conditions in which this creation process is predicted to occur, and a design for a further empirical test of the Spread of Status Value theory. This extension has social implications. It opens up the possibility of creating social interventions that involve status objects and valued roles to ameliorate dysfunctional social situations.

Our elaborated theory enables us to understand for the first time how different types of status valued elements can, under appropriate conditions, be socially created or socially modified as a result of the operation of what are fundamentally similar processes.

Jumpstart Our Business Startups Act 2012 (the JOBS Act) was passed in 2012. JOBS Act enables emerging growth companies (EGCs) to go public without being subject to the full vigorous range of regulations applicable to publicly traded companies. The purpose of this paper is to study financial performance, Tobin’s Q-ratio and value relevance of EGCs.

The sample includes 620 IPOs during the period from April 5, 2009 to April 5, 2015. The analyses use firm-quarter observations.

The results show that EGCs have both lower financial performance, and a lower Tobin’s Q-ratio compared to the financial performance and Tobin’s Q-ratio of non-EGCs. Moreover, the value relevance of accounting information for EGCs is lower than the value relevance of accounting information for non-EGCs.

This study contributes to the accounting regulation literature by documenting the inferior market performance and financial information quality of EGCs, i.e., the unintended consequences of the JOBS Act.

In this chapter, I detail a procedure for incorporating status characteristics with more than two ordered states, or graded status characteristics, into status characteristics theory. I revise theoretical definitions and assumptions accordingly. The new procedure adds a weighting function to the existing mathematical structure of the theory. I show that estimates using the new procedure are consistent with findings drawn from four experiments that were run in the standard setting for status characteristics theory. I also show that the procedure explains more variation and improves global model fit when predicting expectations using newly collected vignette data. I conclude with a general discussion of the procedures and implications for other expectation states theories and for research conducted outside the laboratory.

The purpose of this paper is to examine, in the context of movement towards a fair‐value based pension accounting standard, the value relevance of both recognized and disclosed pension accounting information.

Using hand‐collected data from Fortune 200 firms, this study includes both recognized and disclosed pension accounting measures (aggregated and disaggregated) in multivariate regression models. The investigation employs tests of relative and incremental value relevance in both equity and credit rating evaluation contexts.

Findings indicate that pension information recognized under a fair‐value‐based accounting model is no more or less value relevant than pension information recognized under the SFAS 87 model. Also, the disclosed off‐balance sheet pension amount is incrementally value relevant for determining share prices. However, it is not value relevant for the credit rating decision.

This study tests the relevance and reliability of accounting information jointly. Theoretically, however, relevance and reliability affect information usefulness and, thus, valuation decisions independently.

This paper yields a number of significant implications for standard setters. The unique evidence that investors apply off‐balance sheet pension amounts in the equity valuation context implies that required recognition under a fair‐value standard may not provide a significant incremental benefit over DB plan disclosures. However, such a standard may yield potential improvements in the credit rating decision context and may be much more likely to impact credit rating decisions going forward. Considering the continued shift towards fair‐value‐based pension accounting standards internationally, recognizing transitory elements of fair‐value pension cost separately from operating income is essential for mitigating any potential loss in value relevance.

We survey and organize over fifty years of theoretical research on status and expectation state processes. After defining some key terms in this theoretical approach, we briefly describe theories and branches in the program.

We also focus on a few theories that illustrate distinct patterns of theory growth, using them to show the variety of ways in which the research program has grown.

The program structure developed from a single set of theories on development and maintenance of group inequality in the 1960s to six interrelated branches by 1988. Between 1988 and today, the overall structure has grown to total 19 different branches. We briefly describe each branch, identifying over 200 resources for the further study of these branches.

Although the various branches share key concepts and processes, they have been developed by different researchers, in a variety of settings from laboratories to schools to business organizations. Second, we outline some important issues for further research in some of the branches. Third, we emphasize the value of developing new research methods for testing and applying the theories.

These theories have been used to explain phenomena of gender, racial, and ethnic inequality among others, and for understanding some cases of personality attributions, deviance and control processes, and application of double standards in hiring.

Status and expectation state processes often operate to produce invidious social inequalities. Understanding these processes can enable social scientists to devise more effective interventions to reduce these inequalities.

Status and expectation state processes occupy a significant segment of research into group processes. This chapter provides an authoritative overview of ideas in the program, what is known, and what remains to be discovered.