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1 – 5 of 5Savannah (Yuanyuan) Guo, Beilei Mei, Yanchao Rao and Jianfang Ye
This study investigates the implementation challenges and economic consequences of the International Financial Reporting Standards 9 (IFRS 9) Financial Instruments.
Abstract
Purpose
This study investigates the implementation challenges and economic consequences of the International Financial Reporting Standards 9 (IFRS 9) Financial Instruments.
Design/methodology/approach
Descriptive evidence on equity asset reclassifications and estimated impairment using the new expected credit loss (ECL) model are presented. Multivariate analyses on the disposal of available-for-sale (AFS) and fund investment post-announcement and the value relevance of impairments to financial assets post-implementation are performed.
Findings
Over 60% of sample firms report inconsistent equity asset reclassifications and do not change estimated impairment using the new expected credit loss model. Firms also switch from AFS to equity fund investments post-announcement. Lastly, impairments to financial assets increase in value relevance to investors’ post-implementation, but only in financial institutions and firms with Big 4 auditors.
Originality/value
This study's findings suggest that IFRS 9 presents implementation challenges and changes equity investment strategies. They also indicate cross-sectional differences in firms' ability to effectively apply the new standards. This study is valuable for policymakers, business leaders, investors and academics.
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Savannah (Yuanyuan) Guo, Sabrina Chi and Kirsten A. Cook
This study examines short selling as one external determinant of corporate tax avoidance. Prior research suggests that short sellers have information advantages over retail…
Abstract
This study examines short selling as one external determinant of corporate tax avoidance. Prior research suggests that short sellers have information advantages over retail investors, and high short-interest levels are a bearish signal of targeted stock prices. As a result, when short-interest levels are high, managers have been shown to take actions to minimize the negative effect of high short interest on firms’ stock prices. Tax-avoidance activities may convey a signal of bad news (i.e., high stock price crash risk). We predict that, when short-interest levels are high, managers possess incentives to reduce firm tax avoidance in order to reduce the associated stock price crash risk. Consistent with this prediction, we find that short interest is negatively associated with subsequent tax-avoidance levels. This effect is incremental to other factors identified by prior research. We conclude that short selling significantly constrains corporate tax avoidance.
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Yuanyuan Guo, Xin Wang and Chaoyou Wang
This study examines how the different dimensions of a privacy policy separately influence perceived effectiveness of privacy policy, as well as the mediating mechanisms behind…
Abstract
Purpose
This study examines how the different dimensions of a privacy policy separately influence perceived effectiveness of privacy policy, as well as the mediating mechanisms behind these effects (i.e. vulnerability, benevolence). In addition, this study considers privacy concern as a significant moderator in the research model, to examine if the relative influences of privacy policy content are contingent upon levels of users' privacy concern.
Design/methodology/approach
The survey experiment was conducted to empirically validate the model. Specifically, three survey experiments and six scenarios were designed to manipulate high and low levels of the three privacy policy dimensions (i.e. transparency, control and protection). The authors totally distributed 450 copies of the questionnaire, of which 407 were valid.
Findings
This paper found that (1) all the three privacy policy dimensions directly influence perceived effectiveness of privacy policy; (2) all the three privacy policy dimensions indirectly influence perceived effectiveness of privacy policy by enhancing perceived corporate benevolence, whereas control also affects perceived effectiveness of privacy policy by reducing perceived vulnerability; and (3) individuals with high-privacy concern are much more impacted by privacy policy contents than individuals with low-privacy concern.
Practical implications
The findings could provide website managers with guidelines on how to design privacy policy contents by reducing user perceptions of vulnerability and enhancing user perceptions of corporate benevolence. The managers need to focus on customers' perceived vulnerability and corporate benevolence when launching or updating privacy policies. Furthermore, the managers also need to attend to users' privacy concerns, especially for multinational companies or companies with specific consumer groups.
Originality/value
This study extends the current privacy policy literature by articulating the separate influences of the three privacy policy dimensions and their impact mechanisms on perceived effectiveness of privacy policy. It also uncovers privacy concerns as a boundary condition that influence the effects of privacy policy contents on users' privacy perceptions.
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Yuanyuan Chen, Xiufeng He, Jia Xu, Lin Guo, Yanyan Lu and Rongchun Zhang
As one of the world's most productive ecosystems, ecological land plays an important role in regional and global environments. Utilizing advanced optical and synthetic aperture…
Abstract
Purpose
As one of the world's most productive ecosystems, ecological land plays an important role in regional and global environments. Utilizing advanced optical and synthetic aperture radar (SAR) data for land cover/land use research becomes increasingly popular. This research aims to investigate the complementarity of fully polarimetric SAR and optical imaging for ecological land classification in the eastern coastal area of China.
Design/methodology/approach
Four polarimetric decomposition methods, namely, H/Alpha, Yamaguchi3, VanZyl3 and Krogager, were applied to Advanced Land Observing Satellite (ALOS) SAR image for scattering parameter extraction. These parameters were merged with ALOS optical parameters for subsequent classification using the object-based quick, unbiased, efficient statistical tree decision tree method.
Findings
The experimental results indicate that an improved classification performance was obtained in the decision level when merging the two data sources. In fact, unlike classification using only optical images, the proposed approach allowed to distinguish ecological land with similar spectrum but different scattering. Moreover, unlike classification using only polarimetric information, the integration of polarimetric and optical data allows to accurately distinguish reed from artemisia and sand from salt field and therefore achieve a detailed classification of the coastal area characteristics.
Originality/value
This research proposed an integrated classification method for coastal ecological land with polarimetric SAR and optical data. The object-based and decision-level fusion enables effective ecological land classification in coastal area was verified.
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