Antecedents of Task Innovation The role of Management[taliem.ir]

Antecedents of Task Innovation: The role of Management Information Systems

In the current economic crisis, organizations’ information processing capabilities are challenged by additional and diverse demands. In this context, banks attempt to develop and apply more sophisticated and comprehensive Management Information Systems (MISs), in order to exploit their innovation competences and build a sustainable competitive advantage. This paper explores the antecedents of task innovation, reflected on (MIS) effectiveness, which was operationalised by the Competing Value Model (CVM). CVM synthesizes four different schools of management in order to measure IS effectiveness: open system (OS), human relations (HR), internal process (IP) and rational model (RM). Drawing from a sample of 186 bank employees in Greece, a structural model has been built and estimated using Partial Least Squares. Findings reveal that the HR component characterized by interpersonal communication, group decision making, team collaboration and personalization is the most important predictor of task innovation (TI). The RM dimension of MIS effectiveness based on optimizing, goal setting and forecasting has an indirect effect on HR via the OS and IP elements. The rest MIS effectiveness components (OS, IP) are indirectly associated with task innovation, through HR dimension
Harnessing Financial Information in Investors Decissions Accrual[taliem.ir]

Auditor industry specialization, board governance, and earnings management

Purpose – The purpose of this study is to investigate the interaction effect of auditor industry specialization and board governance on earnings management. This study examines whether board independence is more or less effective in constraining earnings management for firms audited by industry specialists than for firms audited by non-specialists. Design/methodology/approach – The US data were collected from the RiskMetrics Directors database and the Compustat database. Regression analysis was used to test the research proposition. Findings – It was found that earnings management is more negatively associated with board independence for firms audited by industry specialists than for firms audited by non-specialists, consistent with the notion that there is a complementary relationship between auditor industry specialization and board governance. The findings suggest a positive interaction effect of auditor industry specialization and board governance on accounting quality .Originality/value – This study contributes to the literature by documenting explicit evidence that high quality boards can be more effective through hiring industry specialist auditors. This study also suggests that it may be worth investigating the interaction effect among different corporate governance mechanisms on accounting quality
On the interplay between environmental reporting and[taliem.ir]

On the interplay between environmental reporting and management accounting change

This paper investigates how environmental reporting (ER) and environment-related management accounting (EMA) practices may interact in the process of responding to disturbances of the natural environment (e.g., changes in environmental regulation, green consumerism, societal pressures for environmentally-responsible conduct). Based on data gathered in four Belgian case companies, we find that the emergence of an interplay between ER and EMA practices is related to the change pathways followed by these disturbances. Moreover, the strength of the environmental disturbances, top management commitment and the presence of an environmental champion are important contingent factors in understanding the development of a recursive relationship. Finally, the findings illustrate that an interplay between ER and EMA practices has the potential to foster or stifle organizational greening
Activity-based Management in France A focus on the information systems[taliem.ir]

Activity-based Management in France: A focus on the information systems department of a bank

The aim of the paper is to describe the Activity-based Costing and Management methods applied in France. For that purpose, we use a literature review and a case study. In a first time, we analyse the origins of the methods and their diffusion. Then we present the French situation. Finally, we propose a case study that takes place in a French bank. Our paper shows that the ABC and ABM methods are as developed in France as in the Anglo-Saxon countries and that the methods are strategically oriented
Knowledge Workers and the Principle of 3S (Self-management, Selforganization, Self-control)[taliem.ir]

Knowledge Workers and the Principle of 3S (Self-management, Selforganization, Self-control)

Knowledge workers are highly regarded by employers for their innovation and creativity. Due to the intangible character of knowledge, managing knowledge workers requires different approaches, tools and methods than managing non-knowledge workers. There is a broadly shared idea that knowledge workers require less autocrative, more autonomous style of management than non-knowledge workers. The article gives the theoretical background of the term knowledge worker and covers the part of the research on knowledge workers dedicated to the autonomy of knowledge workers. The autonomy was examined by the question concerning so called 3S. 3S means self-management, self-organization and self-control. The hypothesis is that knowledge workers prefer more autonomous work and prefer to work on the principle 3S. The article discusses answers of 457 respondents, knowledge workers of different professions. The result of the survey indicates that the shift in managerial styles is happening
A New Activity-Based Financial Cost Management Method[taliem.ir]

A New Activity-Based Financial Cost Management Method

The standard activity-based financial cost management model is a new model of financial cost management, which is on the basis of the standard cost system and the activity-based cost and integrates the advantages of the two. It is a new model of financial cost management with more accurate and more adequate cost information by taking the R&D expenses as the accounting starting point and after-sale service expenses as the terminal point and covering the whole producing and operating process and the whole activities chain and value chain aiming at serving the internal management and decision
Information asymmetry and capital structure Evidence from[taliem.ir]

Information asymmetry and capital structure: Evidence from regulation FD

This study uses Regulation Fair Disclosure (FD) as a plausibly exogenous shock to the information environment to identify the causal effect of information asymmetry on corporate financing behavior. Although Regulation FD prevents firms from selectively disclosing material information to market professionals in the equity market, firms can still do so to banks and rating agencies in the debt market. The standard's differential disclosure requirements lead to differential changes in the information environments between the two markets, providing a reasonably useful setting to examine the effect of information asymmetry on firms' capital structure. I find that firms with a high level of information asymmetry increase debt more than firms with a low level of information asymmetry post-Regulation FD. The results suggest that managers adjust the target leverage ratios to rely more on debt when facing higher costs of equity
The link between life insurance activities and economic[taliem.ir]

The link between life insurance activities and economic growth: Some new evidence

This paper applies the panel seemingly unrelated regressions augmented Dickey-Fuller (SURADF) test to re- investigate the stationarity properties of real life insurance premiums per capita and real gross domestic product (GDP) per capita for 41 countries within three levels of income covering 1979–2007. Our empirical results first reveal that the variables in these countries are a mixture of I(0) and I(1) processes, and that the traditional panel unit-root tests could lead to misleading inferences. Second, for the estimated half-lives, the degrees of mean reversion are greater in high-income countries. Third, there is concrete evidence favoring the hypothesis of a long-run equilibrium relationship between real GDP and real life insurance premiums after allowing for the heterogeneous country effect. The long-run estimated panel parameter results indicate that a 1% increase in the real life premium raises real GDP by 0.06%. Finally, we determine that the development of life insurance markets and economic growth exhibit long-run and short-run bidirectional causalities. These findings offer several useful insights for policy-makers and researchers
Audit opinion and earnings management[taliem.ir]

Audit opinion and earnings management: Evidence from Greece

This study examines the relationship between audit opinions and earnings management, as measured by discretionary accruals, for listed firms on the Athens Stock Exchange (ASE). We divide the qualified audit opinions into two categories: qualified for the going-concern uncertainty and qualified for other reasons. The results indicate that audit opinions are not related to earnings management. Client financial characteristics, such as profitability and size are determinants of the going-concern audit opinion decision. The decision of auditors to issue qualified opinions for other reasons is explained by the type of audit opinion issued in the previous year
Dilemma between economic development and energy conservation Energy[taliem.ir]

The effect of algorithmic trading on market liquidity: Evidence around earnings announcements on Borsa Italiana

This paper examines the impact of algorithmic trading (AT) on market liquidity around periods of high information asymmetry when available liquidity is more valuable. We identify the implementation of proximity hosting services by Borsa Italiana, that are expected to increase AT, in order to examine the behaviour of liquidity around earnings announcements in pre- and post-AT periods. Consistent with previous research, we find that bid-ask spreads widen and market depth falls following earnings announcements in the pre-AT period. However, in the post-AT period, while we find a similar pattern in bid-ask spreads, we find no evidence of a significant fall in market depth. We also find firms that experience the largest increase in AT from pre- to post-AT periods, exhibit lower bid-ask spreads and greater depth following earnings announcements. We conclude that AT improves market liquidity by increasing the resiliency of markets around periods of high information asymmetry, specifically around earnings announcements