Search results

1 – 10 of 25
Per page
102050
Citations:
Loading...
Access Restricted. View access options
Article
Publication date: 1 March 2012

Juita Elena (Wie) Yusuf and Thomas Musumeci

GASB Statement No. 45 addresses how governmental units account for employees' other post-employment benefits (OPEB), requiring government employers to replace OPEB reporting on a…

32

Abstract

GASB Statement No. 45 addresses how governmental units account for employees' other post-employment benefits (OPEB), requiring government employers to replace OPEB reporting on a pay-as-you-go basis with an accounting of the cost of current and future benefits. This requirement and the resulting OPEB liability may prompt government employers to reconsider key questions regarding their OPEB provision. The size of the OPEB liability depends on both the benefit promises made to employees and the assets to fund these promises. We propose a typology that defines four approaches for governments to respond to GASB 45 and their OPEB liabilities. These approaches represent different combinations of strategies involving OPEB promises and assets. We illustrate these strategies and responses using selected counties and nine mid-Atlantic cities.

Details

Journal of Public Budgeting, Accounting & Financial Management, vol. 24 no. 3
Type: Research Article
ISSN: 1096-3367

Access Restricted. View access options
Article
Publication date: 16 May 2019

Jim Musumeci and Thomas O’Brien

The purpose of this paper is to survey the lease vs buy coverage in leading managerial finance textbooks and to clarify the impact of tax rates and borrowing rates.

1087

Abstract

Purpose

The purpose of this paper is to survey the lease vs buy coverage in leading managerial finance textbooks and to clarify the impact of tax rates and borrowing rates.

Design/methodology/approach

The survey uses “plain vanilla” lease vs buy scenarios to critique and clarify particular issues in the textbook presentations.

Findings

The survey finds: a lone text shows that there can be a gain from leasing if the lessee’s tax rate is higher than the lessor’s, which challenges the “conventional wisdom” maintained in all the other texts; some textbook examples attribute an overall benefit to leasing to the tax rate difference, but the benefit is actually due to a borrowing rate difference, and borrowing rate differences may be a more important source of leasing benefits than tax rate differences.

Originality/value

The survey provides insights that are not well known and should be useful to instructors and practitioners.

Details

Managerial Finance, vol. 45 no. 5
Type: Research Article
ISSN: 0307-4358

Keywords

Access Restricted. View access options
Book part
Publication date: 25 November 2019

Brian R. Grossman

Medicaid home and community-based services (HCBS) support community living for three million disabled people in the United States. As a state-federal partnership, these programs…

Abstract

Purpose

Medicaid home and community-based services (HCBS) support community living for three million disabled people in the United States. As a state-federal partnership, these programs are highly variable across states. Because eligibility determination and services differ from state to state, this Medicaid structure becomes a barrier for those HCBS users whose desired futures include cross-state moves.

Methods/Approach

I examine narratives of citizenship and personhood for Medicaid HCBS users circulating within policy arenas and explore tensions between these and the stories Medicaid HCBS users tell of their own lives. Specifically, I explore the degree to which narratives about Medicaid HCBS users include an affirmation of the right to cross-state movement. My analysis includes data from public statements from policy makers, legislative texts, organizational framings of Medicaid policy, and 18 semi-structured interviews with Medicaid PCA users who desired or pursued cross-state moves.

Findings

I conclude that institutional narratives of Medicaid HCBS users are an inadequate representation of the stories told by those who rely on this program and, in consequence, programs stemming from policy fail to offer services that would allow service recipients to pursue their objectives.

Implications/Value

Medicaid HCBS policy is part of a broader story of disability rights progress over the last four decades, making its role as an obstacle to cross-state movement a bit of a paradox. This paradox points to the value of narrative analysis in calling attention to invisible contradictions and the need for institutional and organizational change.

Access Restricted. View access options
Article
Publication date: 1 April 1994

Woodrow W. Cushing

This study examines the price behavior of a sample of Canadian bank stocks surrounding the announcement by Citicorp of a large increase in their provision for loan losses induced…

34

Abstract

This study examines the price behavior of a sample of Canadian bank stocks surrounding the announcement by Citicorp of a large increase in their provision for loan losses induced by their exposure to debt of lesser developed countries in general and their exposure to Brazilian debt in particular. Both the US and Canadian reactions were positive but the magnitude of the Canadian abnormal returns was higher than the US. Both responses differ from the UK negative reaction. The UK response is attributed to a substantive difference in tax policy.

Details

Managerial Finance, vol. 20 no. 4
Type: Research Article
ISSN: 0307-4358

Access Restricted. View access options
Book part
Publication date: 10 June 2024

Molly Joyce

This article features four disabled artists who are parents and center on their balance of artistic practice and family. As a disabled artist considering starting a family and…

Abstract

This article features four disabled artists who are parents and center on their balance of artistic practice and family. As a disabled artist considering starting a family and becoming a parent, the question of balancing artistry with a child has been a consistent thought and inquiry. Especially as a disabled artist wrestling with the realities of managing one's bodily needs with a career and personal life, I realize it will be a challenging yet rewarding adjustment. Furthermore, artists often lead atypical work lives with atypical working hours, which can sometimes lend itself to parenting and take away from it in other ways. With the resultant interviews and article, I aim to provide critical insights into practicing disabled artists' viewpoints on parenting, ranging from the challenges to the dividends. I hope these insights will support a singular view of disability parenting and artistry, as well as the Journal's goal of a new paradigm in disability scholarship overall.

Details

Disability and the Changing Contexts of Family and Personal Relationships
Type: Book
ISBN: 978-1-83753-221-6

Keywords

Access Restricted. View access options
Article
Publication date: 1 January 2002

Abd. Ghafar Ismail and Adelina Tan Be Lay

This study develops a model for loan loss provision which follows the accounting practice in Malaysia. Banks are subject to generally accepted accounting principles (GAAP) in…

832

Abstract

This study develops a model for loan loss provision which follows the accounting practice in Malaysia. Banks are subject to generally accepted accounting principles (GAAP) in disclosing the loan loss provision. However, the expected loan losses factor should also be taken into account to counter unexpected situations. Prior studies show that banks tend to manipulate the loan loss provision through discretionary accruals for income smoothing purposes. Since the loan loss provision is important to banks' income, this study will determine factors that influence the provision. Empirical evidence state that the loan loss provision is positively related to non‐performing loans, loan loss allowance and write‐offs. Estimation results using ordinary least squares regression prove that the banks follow GAAP guidelines, whereby the loan loss provision depends on the beginning balance and the current write‐offs. In addition, the banks should also consider the expected non‐performing loans in providing loan loss provisions. In determining loan losses, the performance of each economic sector should also be considered due to different default risks.

Details

Asian Review of Accounting, vol. 10 no. 1
Type: Research Article
ISSN: 1321-7348

Access Restricted. View access options
Article
Publication date: 11 May 2018

Nathan Gerard

The purpose of this paper is to draw parallels between universal basic income (UBI) and universal healthcare, highlighting their conceptual alignment and combined implications for…

4375

Abstract

Purpose

The purpose of this paper is to draw parallels between universal basic income (UBI) and universal healthcare, highlighting their conceptual alignment and combined implications for health management and organization.

Design/methodology/approach

The idea that everyone should receive a set amount of money regardless of employment finds renewed momentum amid increasingly precarious work arrangements and an uncertain job market. Less explored, however, is the connection between this idea and the more established notion of universal healthcare. This paper brings these two ideas together by examining their shared underpinnings in capitalist work relations, and more broadly a global economic system organized by and for corporations at the expense of workers.

Findings

The argument is made that the underlying dynamics of contemporary capitalism cannot be relied upon to provide for basic health and wealth. These limitations must be offset with social assurances that not only mitigate capitalism’s liabilities, but also facilitate innovation and sustainable growth.

Originality/value

Rarely have UBI and universal healthcare been considered together. This paper examines their shared origins in a capitalist world system and demonstrates their shared justification in a future increasingly devoid of stable work.

Details

Journal of Health Organization and Management, vol. 32 no. 3
Type: Research Article
ISSN: 1477-7266

Keywords

Access Restricted. View access options
Book part
Publication date: 17 February 2020

Simon Grima and Eleftherios I. Thalassinos

Abstract

Details

Financial Derivatives: A Blessing or a Curse?
Type: Book
ISBN: 978-1-78973-245-0

Access Restricted. View access options
Book part
Publication date: 29 December 2016

Haoshen Hu and Jörg Prokop

We study the information content of issuer credit rating changes announced by a group of six Chinese credit rating agencies. We conduct an event study, and we use multivariate…

Abstract

We study the information content of issuer credit rating changes announced by a group of six Chinese credit rating agencies. We conduct an event study, and we use multivariate regression analyses to identify factors driving abnormal stock returns. Our results confirm prior findings for Western countries that downgrades are associated with significant negative abnormal returns. However, upgrades and positive or negative rating outlooks do not seem to have information content. While we cannot find differences in information content conditional on which rating agency issues the downgrade, we find that abnormal returns may vary with the target firm’s industry. In addition, the magnitude of stock price reactions to rating downgrades seems to be related to the business cycle to some extent. With respect to the role of the industry in explaining the information content of rating changes, our results may be biased due to small sample size. Nevertheless, they illustrate that the role the industry plays in explaining investor behavior may deserve special attention in future research. Our findings imply that new rating information seems to be processed quickly in the Chinese stock market, and that market reactions to rating signals are largely in line with what has been observed for Western stock markets. Both observations lend credibility to observable stock prices. The chapter sheds new light on the relevance of Chinese credit rating agencies from an equity investor’s perspective and confirms similarities between the Chinese and Western stock markets with respect to the way rating signals are processed by investors.

Details

Risk Management in Emerging Markets
Type: Book
ISBN: 978-1-78635-451-8

Keywords

Available. Content available
Book part
Publication date: 27 May 2021

Nolwenn Bühler

Free Access. Free Access

Abstract

Details

When Reproduction Meets Ageing
Type: Book
ISBN: 978-1-83909-747-8

1 – 10 of 25
Per page
102050