2,299 research outputs found

    Economic growth and financial statement verification

    Get PDF
    We use a proprietary data set of financial statements collected by banks to examine whether economic growth is related to the use of financial statement verification in debt financing. Exploiting the distinct economic growth and contraction patterns of the construction industry over the years 2002–2011, our estimates reveal that banks reduced their collection of unqualified audited financial statements from construction firms at nearly twice the rate of firms in other industries during the housing boom period before 2008. This reduction was most severe in the regions that experienced the most significant construction growth. These trends reversed during the subsequent housing crisis in 2008–2011 when construction activity contracted. Moreover, using bank‐ and firm‐level data, we find a strong negative (positive) relation between audited financial statements during the growth period, and subsequent loan losses (construction firm survival) during the contraction period. Collectively, our results reveal that macroeconomic fluctuations produce temporal shifts in the overall level of financial statement verification and temporal shifts in verification are related to bank loan portfolio quality and borrower performance.Accepted manuscrip

    Substantive theory to explain the impact of living with a chronic wound whilst receiving conflicting or inappropriate advice or care

    Get PDF
    It is estimated that over 200,000 Australians have problem or chronic wounds at any one time (Australian Wound Management Association, 2008). Over the past 4 decades while there has been significant advancement in wound care, a high proportion of wounds become chronic. Despite the availability of wound care resources and specialist services, there remains an inconsistency in the management of chronic wounds that impacts both on the quality of life of individuals with chronic wounds and the health care budget (Harding 2002). Using a Grounded theory approach, the aim of this study was to explore and describe the impact of living with a chronic wound and findings indicate that individuals living with a chronic wound are receiving conflicting or inappropriate advice and care. Individuals living with a chronic wound experience a life of uncertainty related to the struggle to endure a wounded body and the layers of professional care they receive. When they are provided with conflicting or inappropriate advice and treatment, inconsistencies of care and poor coordination of care, layers of unnecessary burden are added to their experience. The uncertainty and dissonance individuals are faced with, leads them to question their care, themselves and the expertise and professionalism of their treating health professionals. As a result, they experienced a loss of respect and trust for their treating health professionals and a loss of confidence in their care. Chronic wounds impose of individuals, an intense burden of physical suffering, cause major disruption to the normality of their lives, and often entail a constant personal struggle to secure appropriate care and understanding from their treating health professionals. In order to enable individuals living with chronic wounds to develop appropriate coping strategies, it is essential that health professionals: understand the burden of suffering associated with living with a chronic wound; ensure that they develop and maintain a high level of knowledge with regards to contemporary wound care practices; ensure that their clientele are provided with high quality care information that is based on the best available evidence; ensure continuity of care; and foster quality professional-client relationships that negates the need for individuals to have to constantly question their care

    University Libraries Joins Diversity Alliance

    Get PDF

    A Phenomenological Exploration of Combat Veterans’ Experiences as They Transition to Civilian Employment Using Higher Education as Career Development

    Get PDF
    When enlisted combat arms military service members return from deployment and enter or reenter the American workforce, they often find it challenging to explain their Military Occupation Specialty (MOS) positions and associated responsibilities and accomplishments to employers. Particularly in an economy that has gone from being prosperous to becoming stagnant and recessed in recent years, veterans have returned from military service to find increased competition for fewer jobs that are mostly at the lower end of the skill requirements and pay scale. Many service members have utilized higher education as career development to mitigate the transition from being a military service member to being a civilian employee. The purpose of this study was to explore, using hermeneutic phenomenology, the lived experiences and feelings of combat arms veterans about the transition process from higher education to the civilian work environment while allowing veterans to share their feelings about their experiences in their own words. The aim of this research was to better understand the veterans’ perceptions of their career development transition to civilian employment in order to identify strategies to assist them through the transition and into civilian employment. Seven veterans of military service in the infantry were identified with purposeful sampling from the population of OEF/OIF veterans with combat arms MOSs pursuing higher education at a large southwestern university. Because there is no direct civilian employment correlate for the combat arms MOS, it necessitates that the participants identify new career directions. Participants were at least junior level in their education at the time of interview. Each participant was interviewed twice face-to-face with hermeneutic interviews conducted three weeks apart. Themes that emerged from my review of the research data are reflective of the phenomena occurring within the veteran participants’ career development experiences as they move through and move out of higher education into civilian employment. The themes that emerged from the participants’ stories of their experiences share common roots of power and have intertwining branches: new structures, new systems, and new relationships that impact the veterans’ career development. Feelings of fear and hope about their career development and future civilian employment are part of the veterans’ career transition process and experiences as illustrated in the data. This process and the constructs brought into relief from analysis provide the answers to the research questions posited about infantry veterans’ experiences using higher education as career development for civilian employment. While they expressed a clear understanding of their skills and capabilities gained through military service that they believed should be of value in civilian employment, the participants also acknowledged their concerns and worries that their experiences and abilities to contribute in civilian employment would not be recognized

    FIRST NATIONS EDUCATION AND RENTIER ECONOMICS: PARALLELS WITH THE GULF STATES

    Get PDF
    In this article, I draw parallels between the Arab countries of the Gulf region and Canadaʹs First Nations, focusing on how dependence on unearned income may be linked to educational underachievement. The rentier dynamics in the Gulf region has weakened ties between state and society, constructing one‐way patronage flows without benefit or need for significant social consent. Despite vast investments in human capital, educational outcomes in the Gulf have fallen far short of expectations. Within a similarly structured rent seeking milieu on First Nations reserves, I explore the possibility that educational underachievement may be linked to a rentier mentality, characterized by a disjunction between educational effort and probable reward. Key words: economics of education, Aboriginal education, education and development, comparative education Dans cet article, l’auteur établit des parallèles entre les pays arabes de la région du Golfe et les Premières nations du Canada en soulignant comment la dépendance à l’égard d’un revenu non gagné peut être lié à la sous‐performance scolaire. La dynamique de rentier dans la région du Golfe affaiblit les liens entre l’État et la société et encourage le favoritisme sans que la société n’en profite ou n’ait vraiment son mot à dire. En dépit d’investissements importants dans le capital humain, les résultats scolaires dans la région du Golfe restent en deçà des attentes. Faisant le parallèle avec la structure même des réserves des Premières nations, l’auteur se demande si la sous‐ performance scolaire n’est pas liée à une mentalité de rentier, caractérisée par une absence de relation entre les efforts à faire en éducation et la récompense probable. Mots clés: économie de l’éducation, éducation et autochtones, éducation et développement, éducation comparée

    Intercomparisons of GOES-derived cloud parameters and surface observations over San Nicolas Island

    Get PDF
    The spatial sampling limitations of surface measurement systems necessitate the use of satellite data for the investigation of large-scale cloud processes. Understanding the information contained in the satellite-observed radiances, however, requires a connection between the remotely sensed cloud properties and those more directly observed within the troposphere. Surface measurements taken during the First ISCCP Regional Experiment (FIRE) Marine Stratocumulus Intensive Field Observations (IFO) are compared here to cloud properties determined from Geostationary Operational Environmental Satellite (GOES) data in order to determine how well the island measurements represent larger areas and to verify some of the satellite-measured parameters

    Judicially-Suggested Harassment of Indian Tribes: The Potawatomis Revisit Moe and Colville

    Get PDF
    corecore