Denis Cormier, Pierre Teller and Dominique Dufour
The study investigates the relevance for stock markets of voluntary disclosure of eXtensible Business Reporting Language (XBRL) extensions [based on International Financial…
Abstract
Purpose
The study investigates the relevance for stock markets of voluntary disclosure of eXtensible Business Reporting Language (XBRL) extensions [based on International Financial Reporting Standards (IFRS) or US-GAAP] for an international sample of US cross-listed firms.
Design/methodology/approach
The study examines if the disclosure of XBRL extensions by a firm provides relevant information to market participants. Towards that end, this paper investigates whether this type of disclosure affects the level of information asymmetry between insiders and investors and if it is value relevant. This study measures information asymmetry by bid-ask spread and value relevance by stock price or Tobin's Q.
Findings
After a certain level of disclosure of XBRL extensions, the impact on stock pricing is negative (creates noise on stock markets). Controlling for that phenomenon, both IFRS and US-GAAP XBRL extensions are value relevant. Second, results indicate that XBRL extensions are positively (negatively) related to stock market value for firms that exhibit positive (negative) earnings. This suggests a complementary effect between earnings and XBRL extensions on their relation with stock price or Tobin's Q. Finally, the results also indicate that both IFRS extensions and US-GAAP extensions are associated with lower information asymmetry (i.e. bid-ask spread).
Originality/value
To the best of the authors’ knowledge, this study is the first to investigate the relevance of XBRL extensions under IFRS for US cross-listed firms since the availability of the IFRS taxonomy for foreign private issuers that prepare financial statements under IFRS standards.
Details
Keywords
Dominique Dufour, Philippe Luu and Pierre Teller
This paper analyses the role of accounting information quality on leverage adjustments. More specifically, the authors investigate whether a better accounting information leads to…
Abstract
Purpose
This paper analyses the role of accounting information quality on leverage adjustments. More specifically, the authors investigate whether a better accounting information leads to a higher speed of adjustment to the target financial leverage.
Design/methodology/approach
The authors use a two-step method. They first estimate the target financial structure and then the influence of accruals quality on the speed of adjustment to this target. The study sample consists of French listed companies in the CAC All-Tradable index. The sample contains 210 companies and 1,713 observations.
Findings
Accounting literature showed the positive influence of accounting quality on financial management. The study findings are in line with these results. The authors give evidence of that a better quality of accruals is associated with a greater speed of adjustment.
Research limitations/implications
A common limitation in this field is the use of proxies. This makes results harder to generalize. For this reason, the authors implemented several models to improve the robustness of their results.
Practical implications
The authors give evidence that firms have an incentive to disclose a good-quality accounting information. A weak accounting quality prevents firms from adjusting their leverage to their financial target and therefore reduce their value.
Social implications
This work shows the need for accounting standardization bodies to strive to produce accounting standards allowing the production of high-quality accounting information. In a teaching dimension, these results highlight the importance in corporate finance of acquiring expertise in quality accounting information analysis.
Originality/value
This work is original because the authors study the influence of accounting quality on speed of adjustments of firms operating in the same legal environment and using the same accounting standards, when previous work compared different accounting frameworks. The French context is characterized by the weakness of market mechanisms and the important role of banks. These characteristics are known to reduce the role of accounting information in financing process. This result is interesting because the authors demonstrate that firms operating in this context still have an incentive in producing high accounting quality information.
Details
Keywords
Jean‐Charles Chebat and Pierre Filiatrault
Since consumers feel that time is becoming an increasingly scarcerresource, service organizations are also becoming increasingly sensitiveto the economical and psychological costs…
Abstract
Since consumers feel that time is becoming an increasingly scarcer resource, service organizations are also becoming increasingly sensitive to the economical and psychological costs which they impose on their clients in waiting lines. Reports a study aimed at examining the relations between two variables which are controllable by banks (i.e. service interruption and clients′ participation in the service process) upon the perceived time spent in waiting lines, clients′ mood and perceived service quality. Results show that individuals who find the waiting time “unacceptable” have a very significantly lower mood and perceived the service as being of lower quality. Concludes that perceived waiting time can be modified through managerially controllable variables which also influence strategically important variables such as client mood and perceived service quality.
This paper aims to to explore power and legitimacy in the entrepreneurship education classroom by using Pierre Bourdieu’s sociological and educational theories. It highlights the…
Abstract
Purpose
This paper aims to to explore power and legitimacy in the entrepreneurship education classroom by using Pierre Bourdieu’s sociological and educational theories. It highlights the pedagogic authority invested in educators and how this may be influenced by their assumptions about the nature of entrepreneurship. It questions the role of educators as disinterested experts, exploring how power and gendered legitimacy “play out” in staff–student relationships and female students’ responses to this.
Design/methodology/approach
A multiple-method, qualitative case study approach is taken, concentrating on a depth of focus in one UK’s higher education institution (HEI) and on the experiences, attitudes and classroom practices of staff and students in that institution. The interviews, with an educator and two students, represent a self-contained story within the more complex story of the case study.
Findings
The interviewees’ conceptualization of entrepreneurship is underpinned by acceptance of gendered norms, and both students and staff misrecognize the masculinization of entrepreneurship discourses that they encounter as natural and unquestionable. This increases our understanding of symbolic violence as a theoretical construct that can have real-world consequences.
Originality/value
The paper makes a number of theoretical and empirical contributions. It addresses an important gap in the literature, as educators and the impact of their attitudes and perceptions on teaching and learning are rarely subjects of inquiry. It also addresses gaps and silences in understandings of the gendered implications of HE entrepreneurship education more generally and how students respond to the institutional arbitration of wider cultural norms surrounding entrepreneurship. In doing so, it challenges assertions that Bourdieu’s theories are too abstract to have any empirical value, by bridging the gap between symbolic violence as a theory and its manifestation in teaching and learning practices.
Details
Keywords
Care-fully attending to the ontologies embedded within educational research, this chapter provokes readers to consider the epistemic worlding of qualitative research. Drawing on…
Abstract
Care-fully attending to the ontologies embedded within educational research, this chapter provokes readers to consider the epistemic worlding of qualitative research. Drawing on the intersections of feminist poststructuralism, post-humanism, and new material feminisms, educational research can be seen as happening to worlds while also making worlds. As such, educational researchers are invited to care for the ethical entanglement among the research, researcher, researched, and reader. Bringing diverse mo(ve)ments into conversation, a minor sequence for decentering the educational researcher is presented. One example is the destabilization of conventional data triangulation through “Talking Triads.” Thinking with/in a multimodal triad gestures toward the possibility of engaging all scholarship as an intimate endeavor. More specifically, this chapter begins to illuminate how textual re/presentations of becoming-minor inherently raise tensions between nonhuman structures (e.g., time, tradition, concepts, mirrors, literature) and the human experience of being-educational researcher. From mirrors to monsters, the manifestation of “I” becomes-with/in that which is more than human.
Details
Keywords
When the Library of Congress (LC) Subject Cataloging Division defended its decision last year to continue using “Gypsy” as its principal heading on the grounds that it was better…
Abstract
When the Library of Congress (LC) Subject Cataloging Division defended its decision last year to continue using “Gypsy” as its principal heading on the grounds that it was better known than the more correct “Rom,” it unwittingly demonstrated its own prejudices against my people.
Wen Lu, Su-Beom Choi and Gi-Tae Yeo
Resilient route selection for oversized cargoes, one of the general bulk cargoes, has not been adequately optimized in terms of using the Arctic route. This study solves the…
Abstract
Purpose
Resilient route selection for oversized cargoes, one of the general bulk cargoes, has not been adequately optimized in terms of using the Arctic route. This study solves the problem of selecting the optimal shipping routes for oversized cargoes from Busan (South Korea) to Balkhash (Kazakhstan).
Design/methodology/approach
The study used the consistent fuzzy preference relation (CFPR) method, which is used to solve multi-criteria decision-making (MCDM) and uncertainty problems, to tackle the route selection. This method involves three procedures: first, the critical factors and alternative routes were obtained by the previous literature and an in-depth interview of experts of oversized cargo-handling with more than 20 years of working experience; second, the weightings for each critical factor were identified using the CFPR calculation process and third, alternative routes were evaluated using weighted critical factors.
Findings
The Northern Sea Route (NSR) combined with the inland waterways of Russia and Kazakhstan was first suggested for bulk carriers that handle oversized cargoes. The NSR could be a suitable route from Busan to Cape Kamenny of the Russian transshipment seaport, where oversized cargoes will be transferred to the river barge at Cape Kamenny, covering 4,913 km from the latter to Balkhash of Kazakhstan via the Ob/Irtysh River.
Practical implications
This study equips stakeholders in route selection for cargoes with strategies and methods to improve transportation efficiently and enhance shipping routes between Asia and the Commonwealth of Independent States (CIS). In addition to oversized cargoes, coal and timber from Russia can be transported to Asia using inland waterways and the NSR, which can also be used to transport plant equipment for petroleum refineries among Asian countries.
Originality/value
This is the first study to evaluate the suitability of the Artic route for oversized cargoes from South Korea to Kazakhstan. It provides a comprehensive evaluation framework of multimodal shipping routes and offers references for decision-makers when dealing with similar problems.
Details
Keywords
Jean‐Guy Degos and Richard Mattessich
This paper seeks to offer a survey of accounting publications and research in the French literature from 1950 to the end of the twentieth century.
Abstract
Purpose
This paper seeks to offer a survey of accounting publications and research in the French literature from 1950 to the end of the twentieth century.
Design/methodology/approach
The methodology is that of literary research, review and critique.
Findings
Finds that over the period mentioned different aspects of accounting research have been examined in the literature – academic, social, matrix, events, historical. The leading researchers in these fields are covered in detail.
Originality/value
Succeeds in offering problems the most comprehensive survey to date of the French literature on accounting and related research during the period under review.
Details
Keywords
This paper aims to explore how accounting is entwined in the cultural practice of popular music. Particular attention is paid to how the accountant is constricted by artists in…
Abstract
Purpose
This paper aims to explore how accounting is entwined in the cultural practice of popular music. Particular attention is paid to how the accountant is constricted by artists in art and the role(s) the accountant plays in the artistic narrative. In effect this explores the notion that there is a tension between the notion of the bourgeois world of “the accountant” and the world of “art for art's sake”.
Design/methodology/approach
This paper draws on the cultural theory of Pierre Bourdieu to understand how the character of the accountant is constructed and used by the artist. Particular attention is paid in this respect to the biography and lyrics of the Beatles.
Findings
Accounting and accountants play both the hero and the villain. By rejecting the “accountant villain”, the artist identifies with and reinforces artistic purity and credibility. However, in order to achieve the economic benefits and maintain the balance between the “art” and the “money”, the economic prudence of the bourgeois accountant is required (although it might be resented).
Research limitations/implications
The analysis focuses on a relatively small range of musicians and is dominated by the biography of the Beatles. A further range of musicians and artists would extend this work. Further research could also be constructed to more fully consider the consumption, rather than just the production, of art and cultural products and performances.
Originality/value
This paper is a novel consideration of how accounting stereotypes are constructed and used in the field of artistic creation