Current Issue : April - June Volume : 2018 Issue Number : 2 Articles : 5 Articles
The objective of the study is to examine the existence of earnings management within listed\ncompanies in the food and allied industry of Bangladesh. The renowned Beneish Model has\nbeen used to test whether the firms are involved in any sort of earnings manipulation or not.\nIn addition, the tendency of the companies to continuous practice of earnings manipulation\nhas been examined. The study covers a span of 5 years from 2011 to 2015 where the financial\nfigures are tested on the model to find the probability of the companies being a manipulator\nof earnings. According to Beneish model, companies with higher M-score (manipulation\nscore) are more likely to be a manipulator. The result shows that twelve out of fourteen\ncompanies have significantly higher M-score at least for one year during five-year periods. A\nfurther study reveals that a major portion of the industry has the tendency of getting into\nearnings manipulation on a continuous basis. Though the Beneish Model is a probabilistic\napproach so it is not stoutly conclusive from the test that companies are manipulating\nearnings or a continuous manipulator within the observation period....
Since its issue in 2009, the IFRS for SMEs have been studied by many researchers. Each one\nof them performed his research according to a precise perspective and varied methodologies.\nThe goal behind this article is to present a Structured Literature Review of the most relevant\npublications (Citation Classics) of the IFRS for SMEs by studying their impact, as well as\ntheir contributions, critique and future research path....
The objectives of this research are two: to understand, if Government grants create favorable\nconditions for enterprises which mean to promote diversification process by increasing range\nof company products; and to understand if diversification strategy, stimulated by public\ngrants, can lead to a growth of company value. This research is carried out through the\nbalance sheets of the data-base AIDA and analysis of questionnaires submitted to a sample of\n100 small and medium-sized enterprises located in Molise Region (Italy), operating in the\nagro-alimentary sector, and which benefited from public grants during the period 2007-2008.\nThe analysis covering the period 2003-2014. The empirical evidence from January 2003 to\nDecember 2014 indicates a strong relationship between Government grant, strategy\ndiversification and growth of enterprise value. It should be emphasized that present work\nlimits its field of investigation to a few variables without fully addressing other elements of\nuncertainty that may adversely affect on SME�s EVA. This work will be useful to stimulate\ndebate on policies to support SMEs. The originality of this study is the correlation between\npublic grants, corporate strategies and added economic value....
I investigate the nature of reconstructing by examining the changes in firm policies around\nspinoff. Because the pre-spinoff contract structure is more suitable for larger divisions of\nfirms, separated units experience relatively large changes in contracts following spinoffs.\nCompared to the post-spinoff parent firms, separated units have lower tendency to pay\ndividends, lower ownership by CEOs, higher fraction of outside directors, smaller board,\nyounger board members, higher block ownerships, and higher incentive payment. There are\nsignificant changes in the firm policies in both high q and low q units, however the market\nresponse is more positive for units with higher growth opportunities....
The purpose of article is to nvestigate the effect of Small and Medium Enterprise (SME) family characteristics�\non their strategy through the concept of knowledge of corporate social responsibility. Based on the literature review\nshow, the social network has a positive but low effect on corporate social responsibility. The organizational learning\ncould be introduced in order to explain their strategy on the corporate social responsibility. The collected data\nconcerned 141 firms from family businesses and non-Tunisian family in 2012. The finding provides the contribution\nof the organizational learning and the development of knowledge on the adoption of social responsibility strategy\nwithin the family business, despite the negative effect which exercises the knowledge of CSR strategy. Similarly, the\nfindings show that the variable conservatism has a negative effect on knowledge of the CSR. However, the social\nnetwork affects positively the CSR developement knowledge....
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