16,599 research outputs found
Assessing Financial Reporting Quality of Early Stage Private Companies
There are a variety of widely accepted methods that are used in order to evaluate the financial positioning of companies that are traded on stock exchanges. However, these methods that are common in the public markets do not suffice for assessing companies that are privately held. Attempting to devise an intrinsic value using anticipated cash flows is ineffective given that most companies are pre-revenue. Deriving a value based off of assets held is also inaccurate given that a young company will be in the process of capitalizing itself and more of its assets cannot be represented on a balance sheet, compared to public companies. Furthermore, the sheer lack of raw data provided by the companies in some cases can also contribute to pitfalls in valuation attempts. In addition, the lack of reliability of private companies’ financial information makes the valuation of these companies difficult. This study aims to develop a framework to assess the financial reporting quality of these early stage private companies
Company Taxation in the European Union
This paper investigates different measures of corporate tax burden ranging from the most basic ones such as the statutory tax rate to the effective tax rates. Each of these measures has advantages and disadvantages and they may lead to different rankings of countries. One of the reasons lies the fact that they measure different things. The comparison of the statutory tax rates to the effective ones for the EU-27 during the period of 1998-2009 sometimes reveals very significant differences between these indicators. Taking this into consideration, the paper suggests that corporate tax burden analysis should not be limited to the most basic and readily available measure in the form of the statutory tax rate. Different measures are tailored to answer different research questions. Moreover, the article presents changes of company taxation for the EU-27 within 1998-2009.W artykule dokonano przeglądu miar obciążenia podatkowego przedsiębiorstw. Rozpoczynając od wielkości najprostszych, jak stopa nominalna, a kończąc na miarach efektywnych. Każdy ze wskaźników ma wady i zalety, a jego wykorzystanie może prowadzić do różnego uszeregowania państw ze względu na poziom opodatkowania. Jedną z przyczyn jest fakt, iż wielkości te mierzą inne rzeczy. Porównanie stóp nominalnych i efektywnych w krajach UE-27, w latach 1998-2009, wskazuje na istnienie niekiedy bardzo istotnych różnic pomiędzy analizowanymi wskaźnikami. W związku z tym artykuł sugeruje, iż nie należy ograniczać analiz opodatkowania przedsiębiorstw, do najprostszego i najłatwiej dostępnego wskaźnika w postaci ustawowej stopy podatkowej a rozszerzyć je o miary efektywne. Wielkości te, stanowiące lepszy instrument do porównań międzynarodowych, umożliwiają przeprowadzenie wszechstronnych badań
A comparative analysis of alternative food security indicators, using farm workers in the Northern Cape Province as a case study
Magister Artium (Development Studies) - MA(DVS)The concept of food insecurity is complex and difficult to measure. Food insecurity is measured
at different levels – global, national, household and individual. In order to have appropriate
assessments of food security status, it is important to use the correct measure. This study focused
on explaining three major indicators of household food security in measuring the different
dimensions of food security (availability, access, utilization and stability). The contribution of this
study is to add to the literature and determine how appropriately different indicators measure food
security.
The study explored the relationship between the three alternative indicators of food security by
comparing them, using data collected on farm workers in the Northern Cape Province of South
Africa. From the results of the study, it was concluded that most of the surveyed farm workers in
the Northern Cape Province are food insecure. This conclusion was arrived at because of two
indicators. The Household Food Insecurity Access Scale (HFIAS) reported 42.8% of farm workers
as severely food insecure; 42.8% as moderately food insecure; and 13.9% as mildly food insecure.
The Coping Strategies Index (CSI) reported 56.2% of farm workers as food insecure. The Dietary
Diversity Score (HDDS) reported a higher dietary diversity in farm workers (71.8%)
Stellar bars and the spatial distribution of infrared luminosity
Ground-based 10 micron observations of the central region of over 100 infrared luminous galaxies are presented. A first order estimate of the spatial distribution of infrared emission in galaxies is obtained through a combination of ground-based and Infrared Astronomy Satellite (IRAS) data. The galaxies are nearby and primarily noninteracting, permitting an unbiased investigation of correlations with Hubble type. Approximately 40% of the early-type barred galaxies in this sample are associated with enhanced luminosity in the central (approximately 1 kpc diameter) region. The underlying luminosity source is attributed to both Seyfert and star formation activity. Late-type spirals are different in that the spatial distribution of infrared emission and the infrared luminoisty are not strongly dependent on barred morphology
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