E-Book, Englisch, 469 Seiten, eBook
18th Annual Conference on Finance and Accounting (ACFA)
E-Book, Englisch, 469 Seiten, eBook
Reihe: Springer Proceedings in Business and Economics
ISBN: 978-3-319-68762-9
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: Wasserzeichen (»Systemvoraussetzungen)
th
Annual Conference on Finance and Accounting held at the University of Economics in Prague, this book examines the economic consequences of the globalized world in the sphere of corporate and public finance, monetary systems, banking, financial reporting and management accounting. The global perspective is accompanied by local specific cases studies, including those from emerging markets. In addition, the combination of micro- and macroeconomic approaches provide insights on the behavior of all relevant stakeholders in the process and the results of dynamic pressures surrounding global capital markets and international investments. This book will serve as a useful resource for scholars and researchers, practitioners and policy makers in the fields of finance, economics and accounting.
Zielgruppe
Research
Autoren/Hrsg.
Weitere Infos & Material
1;Contents;6
2;The Impact of Corporate Income Taxation on Location Choice of Investments: Separate Accounting Versus Formula Apportionment;11
2.1;Introduction;11
2.2;Theoretical Model;14
2.2.1;Assumptions Without Taxation;14
2.2.2;Assumptions Regarding Taxation Under SA;15
2.2.3;Assumptions Regarding Taxation Under FA;16
2.3;Monte Carlo Simulation;17
2.4;Results and Discussion;18
2.4.1;Outcomes Without Taxation;18
2.4.2;Outcomes Under SA;19
2.4.3;Outcomes Under FA;20
2.5;Conclusion;22
2.6;References;23
3;Environmental Sustainability as a Determinant of Foreign Direct Investments: Empirical Evidence from Sweden;25
3.1;Introduction: Research Problem and Purpose;25
3.2;Theoretical Model, Method and Definition of Variables;28
3.3;Empirical Results;32
3.4;Conclusions;33
3.5;References;34
4;Are RandD-Active SMEs in the Emerging Markets Financially Constrained? Self-Evaluation Approach;37
4.1;Introduction;37
4.2;Literature Review;38
4.3;Data and Methodology;39
4.4;Results and Discussion;40
4.5;Conclusion;42
4.6;References;43
5;Tax Incentives for Innovative Small Business: The Russian Model;45
5.1;Introduction;45
5.2;Approaches to Providing Tax Incentives to Innovative Small Business;46
5.2.1;Tax Incentives for Small Business in Other Countries;46
5.2.2;Tax Incentives for Small Business in Russia;47
5.2.2.1;Presumptive Tax Systems;47
5.2.2.2;Incentives for Residents of Special Economic Zones of Technology and Innovation Type;47
5.2.3;A Presumptive Model for Small Business Taxation Targeted at Stimulating Innovation Activity;48
5.2.4;Assessment of Scale of Business;49
5.2.5;Evaluation of the Socio-economic Impact of Business or an Innovation and Investment Project;49
5.3;Conclusion;51
5.4;References;52
6;Relationships Between World Stock Market Indices: Evidence from Economic Networks;53
6.1;Introduction;53
6.2;Data and Methodology;54
6.3;Results and Discussion;57
6.4;Conclusion;59
6.5;Appendix;60
6.6;References;61
7;The Financial Evaluation of Population Growth in Relation to Development Aid: China Versus India (Two Nation Brands´ Stories);62
7.1;Introduction;63
7.2;Financial Evaluation of Population Growth;63
7.2.1;Data and Source;63
7.2.2;Population Growth Financial Impact;64
7.2.3;Population Growth Financial Cost for African Countries in Scope of Agenda 2030;66
7.2.4;Evaluation of the Development Aid Needed for African Countries;67
7.3;Conclusion;68
7.4;References;69
8;The Relationship Between Government Expenditure on Education and Economic Growth: The Case of France;70
8.1;Introduction;70
8.2;Data and Methodology;72
8.2.1;Unit Root Test;73
8.2.2;Johansen Co-Integration Test;73
8.2.3;Estimation of Long-Run Coefficients;74
8.2.4;Causality Test;74
8.3;Empirical Results;75
8.3.1;Co-Integration Analysis;75
8.3.2;Estimation of Long-Run Coefficients;76
8.3.3;Causality Test;77
8.4;Conclusion;77
8.5;References;78
9;Exchange Rate Exposure and Usage of Foreign Currency Derivatives by Indian Nonfinancial Firms;80
9.1;Introduction;80
9.2;Literature Review;81
9.3;Methodology;83
9.3.1;Sample;83
9.3.2;Measurement of Exchange Rate Exposure;84
9.3.3;Model;85
9.4;Results and Discussion;86
9.5;Conclusion;88
9.6;References;88
10;Are the Central and Eastern European Countries More Vulnerability to the External Shocks?;90
10.1;Introduction;90
10.2;Data and Methodology;91
10.3;Results and Discussion;93
10.4;Conclusion;95
10.5;References;96
11;Micro-level Evidences of Moral Hazard in the European Financial Institutions;97
11.1;Introduction;97
11.2;Theoretical Framework and Hypotheses;99
11.3;Data and Methodology;100
11.4;Results;102
11.5;Conclusion;103
11.6;Appendix 1;104
11.7;References;105
12;Changes in Mortgage LTV Schemes: Are We Facing New Price Bubble on Residential Market?;107
12.1;Introduction;107
12.2;Data and Methodology;108
12.3;Development of New Apartment Price Drivers;109
12.4;Bubbles in New Apartment Pricing;111
12.5;LTV Regulation on the Market;112
12.6;Conclusion;113
12.7;References;114
13;Liability Risk Management of Central European Banks Under New Regulatory Requirements;115
13.1;Introduction;115
13.2;Methodology;116
13.2.1;Regulatory Requirements: Overview of NMDs and MDs;116
13.2.2;Non-maturity Deposits;118
13.2.3;Maturity Deposits;118
13.2.4;Differences in Risk Management of NMDs and MDs;119
13.3;Empirical Analysis;119
13.4;Results and Discussion;120
13.5;Conclusion;122
13.6;References;123
14;Tax Efficiency of Czech Insurance Undertakings;125
14.1;Introduction;125
14.2;Data and Methodology;126
14.3;Taxation in Conditions of the Czech Insurance Market;126
14.3.1;Tax Efficiency of Large Insurers;127
14.3.2;Tax Efficiency of Medium and Small Insurers;127
14.4;Results of Comparative Analysis;128
14.5;Conclusion;129
14.6;References;130
15;Financial Innovations in Equity Issuance: A Prague Stock Exchange Review;131
15.1;Introduction;131
15.2;Review of Equity Issues of Prague Stock Exchange Issuers;133
15.3;Dilution Effect;135
15.4;Discussion and Conclusion;135
15.5;Appendix;137
15.6;References;143
16;The Reasons Underlying Retail Banking Homogenization in the Second Half of the Nineteenth Century;144
16.1;Introduction;144
16.2;Three Streams of Retail Banking in the Habsburg Monarchy;145
16.3;District Credit Unions for Economic Development;146
16.4;Credit Unions of the Raiffeisen Type;147
16.5;Citizen Community, Communal, Sole Traders´ and Farmers´ Credit Unions;148
16.6;Results;149
16.7;Conclusion;150
16.8;References;151
17;Relationship Between the Company Size and the Value: Empirical Evidence;152
17.1;Introduction;152
17.2;Data and Methodology;153
17.3;Results and Discussion;155
17.3.1;Price to Earnings Ratio;155
17.3.2;Price to Book Value Ratio;155
17.3.3;Enterprise Value to EBITDA Ratio;156
17.3.4;Enterprise Value to Sales Ratio;156
17.4;Conclusion;157
17.5;References;158
17.6;Data Set;159
18;A Note on the Gordon Growth Model with Taxes;160
18.1;Introduction;160
18.2;Involving Taxes in the Gordon Growth Model;161
18.3;Modification of the Gordon Growth Model with Taxes;162
18.4;Results and Conclusion;164
18.5;References;165
19;Indirect Valuation and Earnings Stability: Within-Company Use of the Earnings Multiple;167
19.1;Introduction;167
19.2;Hypothesis Development;168
19.3;Data;169
19.3.1;Outlier Treatment;169
19.4;Methodology;170
19.4.1;Stability Measure Construction;170
19.4.2;Statistical Analysis;171
19.4.3;Valuation Analysis;171
19.5;Results;172
19.6;Conclusion;173
19.7;Appendix;174
19.8;References;178
20;Measurement of Profit Losses from Brand Damage: The Case of an Unlisted Company;179
20.1;Introduction;179
20.2;Data and Methodology;181
20.3;Results and Discussion;182
20.3.1;Valuation of Equity of ABC Holding by Income-Based Methods;182
20.3.2;Determination of the XZY Brand Value Using Premium Method for the Case of the Ordinary Course of Things;183
20.3.3;Valuation of the XZY Brand Value Using Premium Method for the Case of Loss Event;184
20.4;Conclusion;186
20.5;References;186
21;Czech Industrial Real Estate Market: The Quest for Realistic Model;187
21.1;Introduction;187
21.2;Literature Review;188
21.2.1;The Space Market;188
21.2.2;The Capital Market and the Development Market;190
21.3;Research Design;191
21.4;Results and Discussion;193
21.5;Conclusion;196
21.6;Appendix;197
21.7;References;199
22;Financial Performance of Czech Subsidiaries of the EU-Listed Companies;200
22.1;Introduction;200
22.2;Data and Methodology;201
22.3;Results and Discussion;202
22.4;Conclusion;206
22.5;Appendix;207
22.6;References;209
23;Cash Flow Ratios´ and Liquidity Ratios´ Analysis of Selected Listed Companies in Sri Lanka;210
23.1;Introduction;211
23.2;Data and Methodology;212
23.3;Empirical Results and Discussion;214
23.3.1;Descriptive Statistics;214
23.3.2;Correlation Analysis;217
23.3.3;Test of Hypotheses;218
23.4;Conclusion;221
23.5;References;221
24;Searching for Today´s Purpose of Remunerating Employee Inventions Through Grounded Theory;222
24.1;Introduction;222
24.2;Employee Inventions;223
24.2.1;Employee Inventions in the Czech and Slovak Republic;223
24.2.2;Review of Literature;224
24.3;Data and Methodology;225
24.4;Results and Discussion;227
24.4.1;Employees´ Interests;228
24.5;Incentiveness;228
24.6;Satisfaction;229
24.6.1;Employers´ Interests;229
24.6.2;Countries´ Interests;230
24.7;Conclusions;230
24.8;References;231
25;A Fiscal Demography: Toward Demographic Approach to Public Finance;233
25.1;Introduction;233
25.2;The Essence of Fiscal Demography;234
25.3;The Scope of Fiscal Demography;236
25.4;Conclusion;238
25.5;References;239
26;Spatial Concentration of Local Government Expenditure in the Czech Republic;240
26.1;Introduction;240
26.2;Data and Methodology;241
26.3;Results and Discussion;243
26.4;Conclusion;245
26.5;Appendix;246
26.6;References;247
27;Economic Voting in the 2006 Czech General Election;248
27.1;Introduction;248
27.2;Theoretical Background;249
27.3;Data and Methodology;250
27.4;Results;253
27.5;Conclusion;257
27.6;References;258
28;Social Expenditures and Poverty in Central and Eastern European Union Countries: A Causality Analysis;259
28.1;Introduction;259
28.2;Literature Review;260
28.3;Data and Methodology;261
28.3.1;Data;261
28.3.2;Econometric Methodology;262
28.4;Empirical Analysis;262
28.4.1;Cross-Sectional Dependency and Homogeneity Tests;262
28.4.2;Panel Unit Root Test;263
28.4.3;Causality Test;263
28.5;Conclusion;264
28.6;References;264
29;Are Health-Care Services Luxury Goods?;266
29.1;Introduction;267
29.2;Data and Methodology;268
29.3;Results and Discussion;269
29.4;Conclusion;270
29.5;References;271
30;The Relationship between Corruption and Tax Burden: The Moderator Effect of Strength of Auditing and Reporting Standards;273
30.1;Introduction;273
30.2;Data and Methodology;275
30.2.1;Dependent Variable;275
30.2.2;Independent Variable;275
30.2.3;Moderator Variable;276
30.3;Results and Discussion;277
30.4;Conclusion;278
30.5;References;279
31;Different Approaches in Business Information Disclosures in European Annual Reports;280
31.1;Introduction;280
31.2;Regulatory Frameworks and Methodology;281
31.3;Results and Discussion;282
31.3.1;Czech Experience;283
31.3.2;British Experience;284
31.3.3;Results from the Survey;285
31.4;Conclusion;286
31.5;References;287
32;What Are the Origins of New Leasing Conceptual Models and How These Models Are Coming True in IFRS 16?;289
32.1;Introduction;289
32.2;Lease Conceptual Models;290
32.2.1;Existing Approach by IAS 17;291
32.2.2;The G4+1 Proposal;292
32.2.3;New Approach by IFRS 16;293
32.3;Conclusion;295
32.4;References;297
33;Company in a Global Environment and Intangible Assets;298
33.1;Introduction;298
33.2;Company in the Process of Social and Economic Changes;299
33.3;Intangible Assets in Accounting;301
33.4;Conclusion;304
33.5;References;305
34;The Concept of Measurement and Reporting of Human Capital;307
34.1;Introduction;307
34.2;Alternative Model of Human Capital Measurement;309
34.3;An Outline of Human Capital Reporting;311
34.4;Conclusion;312
34.5;References;313
35;Exploratory Analysis of Voluntary Reporting on Human Resources in the Czech Republic;315
35.1;Introduction;315
35.2;Data and Methodology;317
35.2.1;Data;317
35.2.2;Methodology;317
35.3;Results and Discussion;318
35.4;Conclusion;320
35.5;References;321
36;The Pricing of Audit Fees: Empirical Evidence from Czech Republic;322
36.1;Introduction;322
36.2;Data and Methodology;324
36.2.1;Data;324
36.2.2;Methodology;325
36.3;Results and Discussion;326
36.4;Conclusion;327
36.5;Appendix;328
36.6;References;329
37;The Going Concern Threats and Deferred Tax Assets Recognition: The Gap Between Theory and Practice;330
37.1;Introduction;330
37.2;Data and Methodology;331
37.3;Results and Discussion;332
37.4;Conclusion;334
37.5;References;335
38;The IFRS Assessment by Publicly Traded Companies;336
38.1;Introduction;336
38.2;Results and Discussion;339
38.3;Conclusion;341
38.4;References;341
39;IFRS 5 and Its Reporting in the Czech Republic;342
39.1;Introduction;342
39.2;Literature Review;343
39.3;IFRS 5;344
39.3.1;Assets Held for Sale and Disposal Groups;344
39.3.2;Discontinued Operations;345
39.4;Data and Methodology;346
39.5;Results and Discussion;347
39.6;Conclusion;349
39.7;References;350
40;Explaining Risk Premium on Bank Bonds by Financial Ratios;351
40.1;Introduction;351
40.2;Data and Methodology;353
40.3;Results and Discussion;353
40.4;Conclusion;355
40.5;Appendix;356
40.6;References;357
41;The Use of Tax and Nontax Provisions and Allowances;359
41.1;Introduction;359
41.2;Literature Review;360
41.2.1;Allowances in Czech Accounting;360
41.2.2;Provisions in Czech Accounting;361
41.3;Data and Methodology;362
41.4;Results and Discussion;363
41.4.1;The Effect of the Entity Size;363
41.4.2;Statistical Evaluation of the Creation of Provisions and AE;363
41.4.3;The Creation of Other Nontax Provisions;364
41.5;Conclusion;365
41.6;References;366
42;Revenue Recognition in the Public Hospitals;368
42.1;Introduction;368
42.2;Accrual Basis in Accounting of Public Hospital;369
42.3;Revenue Recognition in the Public Hospital;370
42.4;Comparison of National Accounting Legislation Approach and International Standards Approach;372
42.5;Examination of Financial Statements;373
42.6;Conclusion;374
42.7;Appendix: List of Examined Healthcare-Providing Entities;375
42.8;References;376
43;A Literature Review of Financial Performance Measures and Value Relevance;378
43.1;Introduction;378
43.2;Methodology;379
43.3;Literature Review;380
43.3.1;Corporate Performance Measures;380
43.3.2;Accounting Information and Its Value Relevance;381
43.4;Discussion;382
43.5;Conclusion;384
43.6;References;385
44;The Relation Between Using Business Intelligence Solutions and Corporate Performance;387
44.1;Introduction;387
44.2;Data and Methodology;388
44.3;Results and Discussion;388
44.4;Conclusion;392
44.5;References;393
45;Economic Security Indicators Forecasting for Management Decisions Based on Integrated Reporting Data;394
45.1;Introduction;395
45.2;Data and Methodology;395
45.2.1;Simulation Modeling;396
45.2.2;Expert and Fuzzy Forecasting Methods;397
45.3;Results and Discussion;398
45.4;Conclusion;399
45.5;References;400
46;Multidimensional Process of Financial Controlling Implementation;401
46.1;Introduction;401
46.2;Multidimensional Character of Financial Controlling Implementation;402
46.3;People Responsible for Implementing Financial Controlling System;404
46.3.1;Timetable;406
46.4;Conclusion;408
46.5;References;408
47;Strategic and Operational Perspective of the Principles of Identification of the Scopes of Responsibility for Costs;410
47.1;Introduction;410
47.2;Types of Responsibility for Costs;411
47.3;Cost Centres and Cost Responsibility Centres;412
47.4;The Tasks Performed While Exercising Responsibility for Costs;414
47.5;The Costs Dependent on and Independent of the Manager of a Cost Centre and a Suggestion on How to Classify Them;418
47.6;Conclusions;419
47.7;References;420
48;The Use of Management Accounting Information in Non-financial Reporting and Interaction with Stakeholders of Public Companies;421
48.1;Introduction;422
48.2;Data and Methodology;422
48.2.1;Problems of Sustainability Report;423
48.3;Results and Discussion;423
48.4;Conclusion;426
48.5;References;427
49;The First and the Second Generation of Statistical Methods in Management Accounting Research;428
49.1;Introduction;428
49.2;Data and Methodology;429
49.2.1;Measurement of Constructs;430
49.2.2;The First-Generation Statistical Procedures Applied;431
49.2.3;The Second-Generation Statistical Procedures Applied;432
49.3;Results and Discussion;433
49.3.1;Factor and Regression Analyses (The First-Generation Methods);433
49.3.2;PLS-SEM Findings (The Second-Generation Method);433
49.3.3;Discussion;434
49.4;Conclusion;434
49.5;References;435
50;Estimation of Housing Demand with Adaptive Neuro-Fuzzy Inference Systems (ANFIS);436
50.1;Introduction;436
50.2;Literature Review;437
50.3;Data and Methodology;438
50.4;Results;439
50.5;Conclusion;440
50.6;References;442
51;Corporate Tax as an Instrument of Tax Competition Among the EU Countries;443
51.1;Introduction;443
51.2;Corporate Tax as an Element of Tax Competition in the EU Member States;444
51.3;The Impact of Corporate Income Tax on Foreign Direct Investment;448
51.4;Conclusion;454
51.5;References;455
52;Index;456
