Why You Don’t Get Published: An Editor’s View

The definitive version is available at http://www.wileyonlinelibrary.comThis paper uses content analysis to examine 66 reviews on 33 manuscripts submitted to Accounting and Finance. Selected extracts from reviews are provided to illustrate the issues considered important to reviewers. The main message is that papers need to be work-shopped and more care taken over editorial matters. A checklist for prospective authors is provided

ATM Surcharges and the Expansion of Consumer Choice

Since the imposition of surcharges for the use of automatic teller machines became widespread in 1996, the number of ATMs has increased significantly. That increase has benefited consumers greatly by making bank transactions more easily accessible. Critics of surcharges claim that banks are not passing cost savings generated by large ATM networks on to consumers. Such claims are false; operating ATMs is expensive and forces banks to use their own resources to meet consumer demand for ATMs. And surcharges are not anti-competitive; the banking industry remains competitive. Surcharges have created a new area of competition among banks as they try to meet consumer needs for fast and easy access to banks. Consumers who do not want to pay surcharges have plenty of options for accessing their bank accounts without paying a fee. A ban on ATM surcharges, as proposed by Sen. Alfonse D'Amato (R-N.Y.), would serve only to deny an important timesaving option to consumers who are willing to pay for the convenience of ATMs

The impact of young motherhood on education, employment and marriage

The poor socio-economic outcomes of women who have their first child when young are well documented. However, the policy implications of this association depend upon the causal mechanisms that underlie it. Recent studies in the US and UK have used miscarriage as an instrument to identify the direct causal impact of young childbearing – with US research suggesting that early child-bearing may even have a beneficial impact upon mother’s outcomes. This paper uses this method to examine this issue for a new Australian panel of young women. No evidence is found for an adverse impact of young childbirth on education, labour market, income or location. Instead these outcomes follow the patterns that might be expected on the basis of selection effects. On the other hand, young motherhood does have an impact on partnering outcomes. Being a young mother reduces the likelihood of being legally married (instead of defacto partnered) when aged in the late 20s. Also, having a child in the early rather than late 20s leads to a greater likelihood of being a lone parent at around age 30.teenage mothers; miscarriage

The Price, Cost, Consumption and Value of Children

Though they are related, the price, cost, consumption and value of children are not the same. This paper explores two aspects of the relationship between these concepts. Even if we restrict attention to the domain of commodity consumption, the cost of children is not the same as children's consumption. In this context, the cost of children to their parents is often described with a consumer equivalence scale. It is shown here that, under reasonable assumptions, children's consumption of market goods is less than the‚ 'equivalent income' of the household, but more than the‚ 'cost of children. Expenditure costs, however, are only part of the cost of children. This paper uses a variant of the 'adult goods' method to estimate the full costs of children, including both expenditure and time costs. Adult personal time (comprising pure leisure, sleep and other personal care) is used as the adult good. Preliminary estimates using Australian data suggest a very large cost of children. The paper discusses the limitations of the estimation approach and considers the broader welfare implications of these costs.consumer equivalence scales, cost of children, intra-household allocation

Value Relevance of Control-based Consolidated Financial Statements

The study examines whether the switch from ownership-based guidelines for control under SSAP-8 to the principles-based guidelines (power and benefits) of FRS-37 increased the value relevance of consolidated financial statements in New Zealand. The adoption of FRS-37 led to an increase in value relevance of consolidated assets and liabilities (at the 5 percent level). Only weak evidence was found to support the view that FRS-37 was not effective (less value relevant) for entities with a large number of subsidiaries (as a proxy for investment complexity) and associates are less value relevant. The is evidence that investors view non-controlling as a liability, which does not support its presentation as equity (under IFRS 10)

Towards Neural Machine Translation with Latent Tree Attention

Building models that take advantage of the hierarchical structure of language without a priori annotation is a longstanding goal in natural language processing. We introduce such a model for the task of machine translation, pairing a recurrent neural network grammar encoder with a novel attentional RNNG decoder and applying policy gradient reinforcement learning to induce unsupervised tree structures on both the source and target. When trained on character-level datasets with no explicit segmentation or parse annotation, the model learns a plausible segmentation and shallow parse, obtaining performance close to an attentional baseline.Comment: Presented at SPNLP 201

The Price, Cost, Consumption and Value of Children

Though they are related, the price, cost, consumption and value of children are not the same. This paper explores two aspects of the relationship between these concepts. Even if we restrict attention to the domain of commodity consumption, the cost of children is not the same as children's consumption. In this context, the cost of children to their parents is often described with a consumer equivalence scale. It is shown here that, under reasonable assumptions, children's consumption of market goods is less than the 'equivalent income' of the household, but more than the 'cost of children'. Expenditure costs, however, are only part of the cost of children. This paper uses a variant of the 'adult goods' method to estimate the full costs of children, including both expenditure and time costs. Adult personal time (comprising pure leisure, sleep and other personal care) is used as the adult good. Preliminary estimates using Australian data suggest a very large cost of children. The paper discusses the limitations of the estimation approach and considers the broader welfare implications of these costs.Consumer equivalence scales Time use Children's consumption Cost of children Adult goods

Has IFRS resulted in information overload?

The move to NZ IFRS has been surrounded by complaints of too much information being provided. This is not simply a matter of the cost of providing the information, but the possibility of data overload. Data overload is an important issue as it impacts information search strategies and decision outcomes. This relevant for the current debate on differential reporting and for assessing whether NZ IFRS has achieved its goals of reducing the cost of financial analysis. The purpose of this paper is to examine the impact of the move to international financial reporting by New Zealand listed entities on the quantity of data provided in the annual report. Our analysis shows that the annual report increased for 92% of our sample firms. The average increase in size was 29% of the prior years‟ annual report and arose through notes to the accounts and accounting policies. Even after transitional information (e.g., accounting policies and reconciliations) the increase is 15%

STOLAND

The STOLAND system includes air data, navigation, guidance, flight director (including a throttle flight director on the Augmentor Wing), 3-axis autopilot and autothrottle functions. The 3-axis autopilot and autothrottle control through parallel electric servos on both aircraft and on the augmentor wing, the system also interfaces with three electrohydraulic series actuators which drive the roll control surfaces, elevator and rudder. The system incorporates automatic configuration control of the flaps and nozzles on the augmentor wing and of the flaps on the Twin Otter. Interfaces are also provided to control the wing flap chokes on the Augmentor Wing and the spoilers on the Twin Otter. The STOLAND system has all the capabilities of a conventional integrated avionics system. Aircraft stabilization is provided in pitch, roll and yaw including control wheel steering in pitch and roll. The basic modes include altitude hold and select, indicated airspeed hold and select, flight path angle hold and select, and heading hold and select. The system can couple to TACAN and VOR/DME navaids for conventional radial flying