John L. Campbell, Landon M. Mauler and Spencer R. Pierce
This paper provides a review of research on financial derivatives, with an emphasis on and comprehensive coverage of research published in 15 top accounting journals from 1996 to…
Abstract
This paper provides a review of research on financial derivatives, with an emphasis on and comprehensive coverage of research published in 15 top accounting journals from 1996 to 2017. We begin with some brief institutional details about derivatives and then summarize studies explaining when and why firms use derivatives. We then discuss the evolution of the accounting rules related to derivatives (and associated disclosure requirements) and studies that examine changes in these requirements over the years. Next, we review the literature that examines the consequences of firms’ derivative use to various capital market participants (i.e., managers, analysts, investors, boards of directors, etc.), with an emphasis on the role that the accounting and disclosure rules play in such consequences. Finally, we discuss the importance of industry affiliation on firms’ derivative use and the role that industry affiliation plays in derivatives research. Overall, our review suggests that, perhaps due to their inherent complexity and data limitations, derivatives are relatively understudied in accounting, and we highlight several areas where future research is needed.
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Jonghan Park, Tianming Zhang, Spencer Pierce and Yonghong Jia
The authors examine the association between corporate social responsibility (CSR) and abnormal executive compensation. The authors hypothesize that socially responsible firms are…
Abstract
Purpose
The authors examine the association between corporate social responsibility (CSR) and abnormal executive compensation. The authors hypothesize that socially responsible firms are more likely to pay their executives at a level that is in line with economic determinants.
Design/methodology/approach
Using the expected compensation model developed by Core et al. (2008), the authors test our hypothesis using a large sample of US public companies.
Findings
The authors find that CSR performance is negatively associated with how much executive compensation deviates from the expected level. The authors further examine whether CSR performance is associated with excess compensation or inadequate compensation and find that socially responsible firms are less likely to pay their executives either excessively or inadequately.
Originality/value
This study provides evidence on the association between CSR performance and abnormal executive compensation, especially how CSR is associated with inadequate compensation, an area that has been largely overlooked by the literature.
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There are few challenges as daunting as achieving positive outcomes for students with emotional disabilities. A major obstacle is the generally poor quality of classroom…
Abstract
There are few challenges as daunting as achieving positive outcomes for students with emotional disabilities. A major obstacle is the generally poor quality of classroom instruction. Too few general education teachers or special education teachers possess the knowledge and skills to adequately serve this population of learners. Various factors account for the inadequate level of teacher preparation, including licensure requirements that emphasize quantity over quality, the research-to-practice gap, a train-and-hope rather than a train-and-coach approach to teacher preparation, and the absence of an infrastructure to support sustained use of evidence-based practices. I discuss each of these factors and offer some recommendations for improving the quality of teacher preparation and, in turn, the potential for more positive student outcomes.
Kelley S. Regan, Thomas E. Scruggs and Margo A. Mastropieri
This chapter provides a descriptive review of recent intervention research practices intended to improve the literacy skills of students with emotional or behavioral disabilities…
Abstract
This chapter provides a descriptive review of recent intervention research practices intended to improve the literacy skills of students with emotional or behavioral disabilities (EBD). A systematic search procedure identified 21 investigations that had been published in the past five years. These studies are described within the categories of peer-mediated literacy interventions, reading interventions, and writing interventions. Generally, it has been found that such practices as peer mediation, direct instruction (DI), cognitive text mapping, and writing strategy instruction including the Self-Regulated Strategy Development (SRSD) model have led to substantial improvement in the literacy skills of students with EBD. These strategies were apparently successful because they served generally to focus student attention and to provide cognitive models for executing literacy tasks. Implications for practice and future research are provided.
Maureen L. Ambrose, Regina Taylor and Ronald L. Hess Jr
In this chapter, we examine employee prosocial rule breaking as a response to organizations’ unfair treatment of customers. Drawing on the deontic perspective and research on…
Abstract
In this chapter, we examine employee prosocial rule breaking as a response to organizations’ unfair treatment of customers. Drawing on the deontic perspective and research on third-party reactions to unfairness, we suggest employees engage in customer-directed prosocial rule breaking when they believe their organizations’ policies treat customers unfairly. Additionally, we consider employee, customer, and situational characteristics that enhance or inhibit the relationship between employees’ perceptions of organizational policy unfairness and customer-directed prosocial rule breaking.