21 research outputs found
Explaining the Accounting Disclosure Index of Stock Exchanges by Foreign Exchange Market Activity
In this article, researcher-created accounting disclosure index of 23 stock exchanges for the year 1992 and its relationship with variables including foreign exchange turnover, economic and financial indicators were investigated. The accounting disclosure index of global stock exchanges crafted by Adhikari and Tondkar (1992) was regressed on foreign market turnover which was utilized as a proxy for foreign exchange market activity. The OLS results supported that along with the activity of foreign exchange market; GNI per capita, market capitalization, energy and electric consumption, number of listed companies were significantly related with the accounting disclosure index. The foreign market turnover was found to be positively influencing the accounting disclosure index. The models explained about 73% of the variation in the index with an F-ratio of 26.56 indicating the overall significance of the model
Resource Allocation, Level of International Diversification and Firm Performance
This paper investigates the threads between international diversification and firm performance, resource allocation to R&D and capital expenditure. The context of this study is a resource-based view and transaction costs theory. Firms that are going international, benefit from the resources available to them outside their home country as well as from the utilization of their core competencies in other countries. Regression models without interactive terms indicate that resource allocation significantly impacts firm performance. Capital expenditure is positively associated with return on assets, while research and development expenditure undermines the firm’s performance. Analyses suggest that there is no thorough relation between international diversification and returns, regardless of using asset or sales diversification variables. The estimates of diversification variable are negative and insignificant in most models
Are U.S. academics and professionals ready for IFRS? An explanation using technology acceptance model and theory of planned behavior
International Financial Reporting Standards (IFRS) have been adopted by several countries around the world as a common accounting and financial language. However, the U.S. is yet to do so. In this study, we investigate the acceptance of the U.S. academics (accounting and auditing students and professors) as well as practitioners (auditors, accountants, CPAs, and financial analysts) to embrace IFRS as a common accounting and financial reporting language. We discuss the extent to which they are familiar with IFRS as well as their perception about the usefulness and risks in adopting IFRS. We further touch on IFRS education, training, and information technology role. Finally, we introduce a modified model based on the technology acceptance model (TAM) and the theory of planned behavior TPB to examine the extent to which perceived risk, perceived usefulness, and perceived familiarity with IFRS affect the perception of readiness to adopt the new standards. We do this by surveying 84 U.S. academics and practitioners. The results from structural equation modeling (SEM) show that perceived risk, familiarity, and usefulness are significant determinants of the adoption of the new standards. In particular, perceived risk of IFRS had the strongest power in predicting the readiness to adopt the new standards
Does Interpersonal Trust Influence Organizational Behavior?
This research investigates into interpersonal trust and workplace outcomes in
organizations within social exchange perspective. Current study is building upon the
theoretical underpinnings of trust studies that pose trust as a psychological state
and a social glue. Current research develops a theoretical model of interpersonal
trust presuming that different trust objects -namely peers and senior managementhave
unique and direct effects on global workplace outcomes: Affective
commitment, turnover intention, and job satisfaction. The data was collected via
convenience sampling and data consists of 134 professionals working in Turkey.
Structural Equation Modeling (SEM) using Partial Least Squares (PLS) is employed to
test our model. Findings suggest that trust in peers and trust in senior management
translate into higher affective commitment. Results indicate a positive association
between job satisfaction and trust in senior management. Turnover intention
however, did not significantly associate with any of the trust variables suggesting
the difference between economic exchange and social exchange, which involves
reciprocal behaviors. Simultaneous investigation of two trust objects in
organizations as well as inclusion of variety of contextual factors bring rigor to the
scope of the research and the explanations of workplace outcomes
Granger Causality between Financial Deepening and International Trade: Evidence from Regional Panel Data
Finance-growth nexus has been a prolific research subject whereas research
exploring whether there is an interrelationship between financial system and
economic growth is somewhat inconclusive (Levine, 2003). Remarkable studies
noted that financial system and its level of development are argued to stimulate
economic growth whilst some other important figures in academia investigated the
opposite link or simply ignored such association. Current research aims to explore
aforementioned association with respect to regional financial deepening in Turkey
through developing a panel model and exploring causality. The level of total credits
and deposits recorded in each province of Turkey in all banks -regardless of state,
private or foreign owned- are utilized as measures of local financial deepening.
Foreign trade of each province -both imports and exports- is hypothesized to be
determined by financial deepening variables as well as a number of control
variables. Results using panel data from 2007-2010 (81 province, N: 324) suggest
that credits alone do significantly explain the amount of export and import of that
particular province. Interestingly, amount of deposits is negatively associated with
the level of imports. Combined measure for provision of financial services (sum of
loans and deposits) statistically explains foreign trade (sum of exports and imports).
Granger causality analysis revealed that there is bi-directional causal relationship
between financial deepening and international trade