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Accounting Data (accounting + data)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting87%

Selected Abstracts

Post-merger strategy and performance: evidence from the US and European banking industries

ACCOUNTING & FINANCE, Issue 4 2009
Jens Hagendorff
G21; G34; G28 Abstract The banking industry has one of the most active markets for mergers and acquisitions. However, little is known about the type of operational strategies adopted by banking firms in the years following a deal. For a sample of bidding banks in the USA and Europe, this study compares the design and performance implications of different post-merger strategies in both geographical regions. Using accounting data, we show that European banks pursue a cost-cutting strategy by increasing efficiency levels vis-à-vis non-merging banks and by cutting back on both labour costs and lending activities. US banks, on the other hand, raise both interest and non-interest income in the post-merger period. [source]

Information technology control questionnaire

JOURNAL OF CORPORATE ACCOUNTING & FINANCE, Issue 5 2010
Rob Reider
Most businesses now process their financial transactions through a PC computer system. But there are special control considerations where computers are used to process financial and accounting data. How secure are your firm's PC controls? Answer the information technology control questionnaire in this article and find out. © 2010 Wiley Periodicals, Inc. [source]

Modelling and forecasting time series sampled at different frequencies

JOURNAL OF FORECASTING, Issue 4 2009
José Casals
Abstract This paper discusses how to specify an observable high-frequency model for a vector of time series sampled at high and low frequencies. To this end we first study how aggregation over time affects both the dynamic components of a time series and their observability, in a multivariate linear framework. We find that the basic dynamic components remain unchanged but some of them, mainly those related to the seasonal structure, become unobservable. Building on these results, we propose a structured specification method built on the idea that the models relating the variables in high and low sampling frequencies should be mutually consistent. After specifying a consistent and observable high-frequency model, standard state-space techniques provide an adequate framework for estimation, diagnostic checking, data interpolation and forecasting. An example using national accounting data illustrates the practical application of this method. Copyright © 2008 John Wiley & Sons, Ltd. [source]

MICRO EMPIRICAL RESULTS OF A KALECKIAN-TYPE CAPITAL ACCUMULATION MODEL COMPARED WITH MACRO RESULTS FOR SOME EUROPEAN ECONOMIES

METROECONOMICA, Issue 2 2008
James P. Gander
ABSTRACT A micro economic model of the rate of capital accumulation that corresponds to a macro Kaleckian-type post-Keynesian investment function is hypothesized. Firm-level accounting data on industrial and commercial firms over the time period 1994,2000 for three European economies and the USA are used to test the consistency of the micro model with the macro model of Hein and Ochsen (2003, Metroeconomica, 54, pp. 404,33). The micro empirical results were very consistent with the macro results, suggesting a strong micro foundation to the macro investment function. In addition country differences and industry differences were included in the analysis. [source]

Dividend Changes and Future Profitability

THE JOURNAL OF FINANCE, Issue 6 2001
Doron Nissim
We investigate the relation between dividend changes and future profitability, measured in terms of either future earnings or future abnormal earnings. Supporting "the information content of dividends hypothesis," we find that dividend changes provide information about the level of profitability in subsequent years, incremental to market and accounting data. We also document that dividend changes are positively related to earnings changes in each of the two years after the dividend change. [source]

Commentary: Business,Black Swans,and the,Use and Abuse,of a Notion

AUSTRALIAN ACCOUNTING REVIEW, Issue 2 2010
Graeme Dean
Historical enquiry reveals how ideas mutate. This paper traces how ideas and practices underpinning initial understandings of fair value accounting (FVA) have changed as the concept drifted from the utility rate-setting context to that of corporate financial reporting. The recall of history for the purpose of ,learning lessons from the past' has frequently resulted in misunderstandings of the historical record and misapplication of so-called lessons. A more fruitful approach to recalling history is to gain insights into the development of the ideas (good and bad) that have contributed to current predicaments. Initially fair value was the basis for specific pricing calculations related to companies with a highly restricted scope of operations. Later, more by accident than design, the concept became a general purpose application used in the financial statements of highly and freely adaptive companies. The mark-to-market (MtM) dispute emerging in the global financial crisis (GFC) has given rise to a further mutation of the use of FVA. Discarding MtM contradicts what history tells us was the purpose of adopting fair value into accounting for adaptive companies. This analysis also highlights how conducive accounting theory and practice are subject to politicisation. Accounting is an apparently unresisting victim of interested parties' special pleading, resulting in the corruption of its technical function , in this case primarily because it is inconvenient to have accounting data,tell it how it is. [source]

Converged network common charging controller function

BELL LABS TECHNICAL JOURNAL, Issue 2 2008
Xiang Yang Li
With the emergence of converged networks, circuit switched (CS), packet switched (PS), and IP Multimedia Subsystem (IMS) domains and application servers (AS) are now merging to combine all kinds of services, business modes, and network architectures. This can cause chaos among various charging mechanisms within the networks. This paper presents a common charging controller function (CCCF) between the charging trigger function (CTF) of individual network elements (NEs) and the charging system. The CCCF operates with the common NE-independent charging control layer to serve various network elements in CS, PS, and IMS domains and application servers. It also simplifies NE-dependent CTFs for accounting metrics collection (AMC), regardless of whether the charging mechanisms are online or offline. The CCCF maintains a single charging characteristic database that stores the charging mechanism of each subscriber's service usage and forwards subscriber accounting data to the charging systems. By including the CCCF in networks, the IMS and pre-IMS charging systems for existing and new customers can be integrated without replacing deployed products, resulting in significant cost savings for telecommunications vendors and customers. © 2008 Alcatel-Lucent. [source]

Privatization in Canada: Operating and Stock Price Performance with International Comparisons

CANADIAN JOURNAL OF ADMINISTRATIVE SCIENCES, Issue 2 2002
Anthony E. Boardman
This paper analyzes the operating and stock price performance of the major Canadian share-issue privatizations, including Air Canada, Canadian National Railway, Petro-Canada, and six provincial privatizations. First, using time-series accounting data, we examine changes in operating and financial performance before and after privatization. Second, we compare the Canadian performance experience to privatizations in other countries. Third, we examine the long-run effect of privatization on shareholder returns. The evidence indicates that privatization significantly improved the operating and financial performance of Canadian companies. Net income, profitability, efficiency, and dividend payments were significantly higher following privatization than before privatization. Employment and debt were significantly lower following privatization. Relative to privatizations in other industrialized countries, Canadian corporations did not grow as fast and had more layoffs. However, they experienced greater increases in profit and profitability, and larger reductions in debt. The increases in productivity, capital expenditures, and dividend payments were similar to firms in other countries. In the five years following privatization, shareholders of Canadian companies enjoyed significant, positive, market-adjusted buy-and-hold returns. This suggests that the operating performance improvements were larger than was expected at the time of privatization. Résumé Cette étude analyse les performances économiques et financières des sociétés d'État canadiennes qui ont été privatisées. En utilisant des données temporelles avant et après la privatisation, nous analysons trois entreprises privatisées par le gouvernement fédéral canadien (Air Canada, Pétro-Canada, et le Canadien National) ainsi que six autres entreprises privatisées par les gouvernements provinciaux. Nous comparons l'expérience canadienne aux autres privatisations majeures qui ont eu lieu à travers le monde. Finalement, nous étudions les rendements que ces entreprises ont procurés à leurs actionnaires. Les résultats tendent à démontrer qu'au Canada, la privatisation a eu un effet positif sur la performance. La rentabilité, la productivité, et les paiements de dividendes des entreprises canadiennes privatisées ont augmenté significativement suite à la privatisation. Le nombre d'employés et les niveaux d'endettement ont diminué de façon marquée. Comparativement aux privatisations mondiales, les privatisations canadiennes n'ont pas obtenu une croissance aussi grande et ont procédé à plus de mises à pied. Toutefois, on note une plus grande amélioration de la rentabilité et une plus grande réduction de l'endettement. Durant les cinq années qui ont suivi la privatisation, les actionnaires d'entreprises canadiennes privatisées ont bénéficié de rendements boursiers supérieurs à ceux procurés par l'ensemble du marché canadien de même que supérieurs à ceux procurés par les entreprises privatisées à travers le monde. Ce résultat tend à démontrer que l'amélioration de la performance des entreprises canadiennes privatisées a dépassé les attentes des investisseurs. [source]