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Author: Domitilla Magni
Publisher: Springer
ISBN: 3030212866
Category : Business & Economics
Languages : en
Pages : 261
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Book Description
In a first approximation, profit may seem like a simple and intuitive concept, but the definition is not limited to a single conceptual category. Analysis of the definition and role of profit must be implemented with a study at the corporate level. This book discusses the phenomenon of profit smoothing, implemented by management, which aims to maintain a constant flow of profit over time. On an operational level, the phenomenon of profit smoothing analyses and determines the correlation existing between a shock to a variable at the corporate level and the relationship between this shock and profit. This book discusses the main reasons, at the strategic level, of the phenomenon of profit smoothing and summarizes this into three groups. Firstly, the functionality of this phenomenon for corporate management is to transmit to the external environment, and especially to external investors, a business reality devoid of crisis and imbalances. Secondly, this initial motivation engages basically the second. In fact, levelling the trend of profit from year to year, top management can reduce the risk perceived from the outsiders and as from the company’s insiders. Thirdly, this justification is related to the stability of the flow of dividends. Profit smoothing places great emphasis on the phenomenon of dividends. It should be note how in fact the profit smoothing is used to keep the expectations of shareholders profit from one period to another. This book is focused on the profit smoothing and, in particular, how this phenomenon is established in developing-economies like the Chinese one, and will be of interest to academics, researchers, and students of corporate finance.
Author: Domitilla Magni
Publisher: Springer
ISBN: 3030212866
Category : Business & Economics
Languages : en
Pages : 261
Get Book Here
Book Description
In a first approximation, profit may seem like a simple and intuitive concept, but the definition is not limited to a single conceptual category. Analysis of the definition and role of profit must be implemented with a study at the corporate level. This book discusses the phenomenon of profit smoothing, implemented by management, which aims to maintain a constant flow of profit over time. On an operational level, the phenomenon of profit smoothing analyses and determines the correlation existing between a shock to a variable at the corporate level and the relationship between this shock and profit. This book discusses the main reasons, at the strategic level, of the phenomenon of profit smoothing and summarizes this into three groups. Firstly, the functionality of this phenomenon for corporate management is to transmit to the external environment, and especially to external investors, a business reality devoid of crisis and imbalances. Secondly, this initial motivation engages basically the second. In fact, levelling the trend of profit from year to year, top management can reduce the risk perceived from the outsiders and as from the company’s insiders. Thirdly, this justification is related to the stability of the flow of dividends. Profit smoothing places great emphasis on the phenomenon of dividends. It should be note how in fact the profit smoothing is used to keep the expectations of shareholders profit from one period to another. This book is focused on the profit smoothing and, in particular, how this phenomenon is established in developing-economies like the Chinese one, and will be of interest to academics, researchers, and students of corporate finance.
Author: Mr. Tobias Adrian
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 27
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Book Description
Central banks have come under increasing criticism for large balance sheet losses associated with quantitative easing (QE), and some observers have also argued that QE helped fuel the post-COVID-19 inflation boom. In this paper, we reconsider the conditions under which QE may be warranted considering the recent high inflation experience. We emphasize that the merits of QE should be evaluated based on the macroeconomic stimulus it provides and its effects on the consolidated fiscal position, and not simply on central bank profits or losses. Using an open economy DSGE model with segmented asset markets, we show how QE can provide a sizeable boost to output and inflation in a deep recession and improve the consolidated fiscal position—even if the central bank experiences considerable losses. However, the commitment-based features of QE and the possibility that upside inflation risks are bigger than recognized pre-pandemic call for more caution in using QE closer to full employment. We then consider how central banks might modify their policies for allocating profits to the government in light of large-scale losses. In short, we suggest that a more forward-looking and risk-based approach may be desirable in helping protect central bank financial autonomy and ultimately independence.
Author: Jennifer Evans
Publisher: Springer
ISBN: 3319734970
Category : History
Languages : en
Pages : 252
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Book Description
This volume brings together a range of scholars from diverse disciplinary backgrounds to re-examine the histories of facial hair and its place in discussions of gender, the military, travel and art, amongst others. Chapters in the first section of the collection explore the intricate history of beard wearing and shaving, including facial hair fashions in long historical perspective, and the depiction of beards in portraiture. Section Two explores the shifting meanings of the moustache, both as a manly symbol in the nineteenth century, and also as the focus of the material culture of personal grooming. The final section of the collection charts the often-complex relationship between men, women and facial hair. It explores how women used facial hair to appropriate masculine identity, and how women’s own hair was read as a sign of excessive and illicit sexuality.
Author: Joshua Ronen
Publisher: Springer Science & Business Media
ISBN: 0387257713
Category : Business & Economics
Languages : en
Pages : 587
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Book Description
This book is a study of earnings management, aimed at scholars and professionals in accounting, finance, economics, and law. The authors address research questions including: Why are earnings so important that firms feel compelled to manipulate them? What set of circumstances will induce earnings management? How will the interaction among management, boards of directors, investors, employees, suppliers, customers and regulators affect earnings management? How to design empirical research addressing earnings management? What are the limitations and strengths of current empirical models?
Author: Patrick Maina Gachuhi, Grace W. Njoroge Kahura, Abbas Said Abubakar, Conrad K. Wambugu, Denis Ambundo Munala
Publisher: Cari Journals USA LLC
ISBN: 9914999786
Category : Business & Economics
Languages : en
Pages : 156
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Book Description
TOPICS IN THE BOOK Effects of Bonus Issue on Stock Prices of Companies Quoted At the Nairobi Securities Exchange Social Cultural and Environmental Related Factors Influencing the Selection of Areas of Residence in Kenya: A Survey of Nairobi Residents Cost and Accessibility Related Factors Influencing the Selection of Areas of Residence in Kenya: A Survey of Nairobi Residents Islamic Banking and Investment Financing: A Case of Islamic Banking in Kenya Relationship between Oil Prices, Exchange Rates and Maize Prices in Kenya Constraints to Growth of Micro Finance Institutions in Nairobi County, Kenya
Author: Randall K. Morck
Publisher: University of Chicago Press
ISBN: 0226536823
Category : Business & Economics
Languages : en
Pages : 404
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Book Description
Standard economic models assume that many small investors own firms. This is so in most large U.S. firms, but wealthy individuals or families generally hold controlling blocks in smaller U.S. firms and in all firms in most other countries. Given this, the lack of theoretical and empirical work on tightly held firms is surprising. What corporate governance problems arise in tightly held firms? How do these differ from corporate governance problems in widely held firms? How do control blocks arise and how are they maintained? How does concentrated ownership affect economic growth? How should we regulate tightly held firms? Drawing together leading scholars from law, economics, and finance, this volume examines the economic and legal issues of concentrated ownership and their impact on a shifting global economy.
Author: Jose Ramon Saura
Publisher: Frontiers Media SA
ISBN: 2832515509
Category : Science
Languages : en
Pages : 223
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Book Description
Author: Ludovico Alcorta
Publisher: Oxford University Press
ISBN: 0192590375
Category : Business & Economics
Languages : en
Pages : 688
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Book Description
New Perspectives on Structural Change is a comprehensive edited volume that outlines both the historical roots and state-of-the-art debates on the role of structural change in the process of economic development, including both orthodox and heterodox perspectives and contributions from prominent scholars in this field. The volume consists of four main sections. The first section covers the theoretical foundations of the structural change literature. The second section presents an empirical overview of the major trends of structural change, using up-to-date data sources and methods. The third section presents a broad ranging empirical analysis of the drivers of structural change. The fourth section examines how processes such as inclusive growth, poverty reduction, productive employment, the global income distribution, and environmental sustainability are affected by structural change, and how they can be influenced by policy.
Author: Sruthi. S, Dr.Pragya Singh ,Er. Yogendra Kumar
Publisher: Nitya Publications
ISBN: 9391669093
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
Author: Joanna Dyczkowska
Publisher: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
ISBN: 8376959964
Category : Business & Economics
Languages : en
Pages : 212
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Book Description
Książka zwraca uwagę na wyzwania i perspektywy w obszarze rachunkowości i biznesu w kontekście zrównoważonego rozwoju w erze postpandemicznej. Zaprezentowano w niej długofalowe spojrzenie na efekty globalnego kryzysu zdrowotnego. Wskazano, że pandemia Covid-19 może być postrzegana jako istotny czynnik napędzający zmiany organizacyjne, gospodarcze i społeczne. Publikacja może zainteresować badaczy rachunkowości i zarządzania, doktorantów i studentów studiów społeczno-ekonomicznych, a także praktyków gospodarczych.
