Integrating Practice into Accounting Research

2020 ◽  
Author(s):  
Shiva Rajgopal
Keyword(s):  
Chief Executive Officers ◽  
Academic Research ◽  
Chief Executive ◽  
Management Science ◽  
Chief Financial Officers ◽  
Policy Makers ◽  
Accounting Research ◽  
65Th Anniversary ◽  
Set Up ◽  
Executive Officers

I argue that academic research in accounting has strayed from producing work that is useful to either practitioners or policy makers. I use three criteria to arrive at that assessment: (i) How many products and processes have accounting research produced in the last 50 years? (ii) How much overlap do we observe between issues that Chief Financial Officers (CFOs) and Chief Executive Officers (CEOs) worry about and our published research? (iii) Is the science or the knowhow in academe in a particular area ahead of that in practice? I conjecture that tuition-funded research drives this problem. I review several initiatives that have been tried at Columbia and elsewhere (i) to better integrate academic research and practice and (ii) to disseminate our findings to practitioners. I suggest that Management Science set up a forum to encourage submissions of papers that use rigorous methods to address pressing applied problems. This paper was accepted by David Simchi-Levi, Special Issue of Management Science: 65th Anniversary.

scholarly journals MODERATING EFFECT OF TOP MANAGEMENT COMMITMENT ON HUMAN RESOURCE INFORMATION SYSTEM AND ORGANIZATIONAL PERFORMANCE IN COMMERCIAL STATE CORPORATIONS IN KENYA

2018 ◽  
Vol 3 (3) ◽  
pp. 42-55
Author(s):  
Ann Gaceri Kaaria ◽  
Dr. Mary Kamaara, Ph.D ◽  
Dr. Joyce Nzulwa, Ph.D ◽  
Dr. Kepha Ombui, Ph.D
Keyword(s):  
Human Resources ◽  
Organizational Performance ◽  
Chief Executive Officers ◽  
Quantitative Methods ◽  
Chief Executive ◽  
Target Population ◽  
Unique Contribution ◽  
Market Place ◽  
Policy Makers ◽  
Executive Officers

Purpose: The study sought to determine the influence of ICT capability on organizational performance in commercial state corporations in Kenya Methodology: This study adopted a census method, and used both qualitative and quantitative methods of data collection. The target population of the study was chief executive officers (policy makers), directors of human resources and deputy directors of human resources of both pure and strategic commercial state corporations in Kenya. A total of 165 questionnaires were administered to chief executive officers (policy makers), directors of human resources and deputy directors of human resources in both pure and strategic commercial state corporations in Kenya. Fifty five interviews were carried out and forty eight of the respondents were interviewed.   Result: The study found that ICT capability has a positive and significant effect on organizational performance of commercial state cooperation A unique contribution to theory, practice, and policy: The study recommended that organizations should place more emphasis on human centered information management in order to improve the ways in which people use and share information. The study also recommended that there should be IT education services that provide training in system use to employees and offer managers training in how to plan for and manage IT investments and IT research and development services that provide the firm with research on potential future IT projects and investments that could help the firm differentiate itself in the market place.

Modern Retailers in Transition Economies

2011 ◽  
Vol 32 (1) ◽  
pp. 31-51 ◽  
Author(s):  
Masayoshi Maruyama ◽  
Le Viet Trung
Keyword(s):  
Chief Executive Officers ◽  
Chief Executive ◽  
Government Officials ◽  
Policy Makers ◽  
Comprehensive Picture ◽  
Executive Officers ◽  
Almost All ◽  
Retail Format ◽  
Depth Interviews ◽  
Modern Retailers

This article reports the findings of a study on modern domestic retailers in Vietnam. The authors based this study on (1) a survey of fifty-six firms that control almost all the modern retail format stores in Vietnam, (2) in-depth interviews with chief executive officers (CEOs) and government officials, and (3) store visits and observations that were carried out by the authors. The authors discuss the operation and retail renovations of local modern retailers, the structure and the background of competitors, the problems retailers face, and their prospects for future development. These findings provide a comprehensive picture of modern retailers in Vietnam and have significant implications for policy makers as well as for local and foreign retailers.

scholarly journals HOME CARE EXECUTIVES SAY MEDICARE HOME HEALTH PAYMENT SYSTEM ENCOURAGES LESS-IS-BETTER PRACTICE

2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S301-S301
Author(s):  
William D Cabin
Keyword(s):  
Chief Executive Officers ◽  
Medical Model ◽  
Chief Executive ◽  
Prospective Payment System ◽  
Home Health ◽  
Payment System ◽  
Chief Financial Officers ◽  
Medicare Advantage ◽  
Home Health Aide ◽  
Executive Officers

Abstract There has been an increasing trend for Congress and the Centers for Medicare and Medicaid Services (CMS) to add non-skilled services to coverage under Medicare Advantage and Medicaid inpatient hospital. At the same time there has been a 75% decline in home health aide visits, the only Medicare home health non-skilled service, as a percentage of all Medicare home health visits from 2000-2016. A literature review indicates no studies addressing the potential factors accounting from these seemingly contradictory trends. The present study is based on interviews of five Chief Executive Officers (CEOs), five Chief Financial Officers (CFOs), and eight Chief Nursing Officers (CNOs) from Medicare-certified home health agencies between October 2017-July 2018. Results indicated agreement among interviewees on three themes: the Medicare home health relies on a medical model which focuses on intermittent skilled care; the Medicare home health prospective payment system (PPS) exacerbated the focus on skilled care by rewarding higher reimbursement for skilled care based episodes; and a synergy has evolved of “less is better” regarding utilization of home health aide services and reimbursement. Policymakers are urged to consider adding coverage of non-skilled services under Medicare home health, similar to Medicare Advantage, by funding demonstration projects with appropriate changes in reimbursement.

Executive Network Centrality and Corporate Reporting

2021 ◽  
Author(s):  
Jing He
Keyword(s):  
Chief Executive Officers ◽  
Fixed Effects ◽  
Social Power ◽  
Chief Executive ◽  
Chief Financial Officers ◽  
Network Centrality ◽  
Corporate Reporting ◽  
Internal Governance Mechanisms ◽  
Financial Misreporting ◽  
Executive Officers

This paper investigates the association of corporate reporting and executive network centrality, which measures an executive’s relative position in a massive network consisting of outside corporate leaders. I find that high-centrality chief executive officers (CEOs) and chief financial officers (CFOs) are generally more likely to engage in financial misreporting than low-centrality CEOs and CFOs. I also find that the influence of CFO network centrality is greater than that of CEOs in financial misreporting. Further analyses show that the monitoring effect of internal governance mechanisms on high-centrality executives is very limited and that the discipline of the managerial labor market is weaker for high-centrality CFOs as well. My results hold for a subsample subject to exogenous shocks to CFO connectedness and are robust to a series of alternative specifications including using CFO fixed effects. Taken together, my findings suggest that corporate reporting can be influenced by executives’ social network position, with high-centrality CFOs using their social power to make adverse corporate reporting decisions to gain personal benefits. This paper was accepted by Brian Bushee, accounting.

scholarly journals Top executive compensation in less developed capital markets

2015 ◽  
Vol 15 (1) ◽  
pp. 122-133 ◽  
Author(s):  
Ivo Nuno Pereira ◽  
José Paulo Esperança
Keyword(s):  
Executive Compensation ◽  
Capital Markets ◽  
Chief Executive Officers ◽  
Chief Executive ◽  
Chief Financial Officers ◽  
Tobit Regression ◽  
Content Type ◽  
Variable Pay ◽  
Tobit Regression Analysis ◽  
Executive Officers

Purpose – This paper aims to study the determinants of variable compensation for top Portuguese executives (chief executive officers, chief financial officers and commercial directors). Design/methodology/approach – Data from 101 firms were collected through an email questionnaire sent to the human resource directors of 500 largest and best Portuguese firms of Exame, a business newspaper. A Tobit regression analysis was used to estimate the basic equation of the study. Findings – The conclusions are generally consistent with findings obtained in more developed capital markets. It was found that public and older corporations are more intensive users of variable pay, consistent with the agency theory prediction. A location in the centre of economic activity and a higher executive education increase the propensity to receive higher levels of salary in the form of variable compensation. The relation between compensation and performance was more elusive. Research limitations/implications – There are limitations as to the extrapolation of the obtained results, as the level of potential idiosyncrasy cannot be measured. Ideally, the study should be replicated in different contexts to control for country-specific influences. Nevertheless, the main finding that performance-related pay mechanisms are less used in countries where public corporations and potential agency problems are less pervasive should hold. Originality/value – As the focus is on a small economy with a developing capital market, this paper contributes to executive compensation literature that has mostly analysed firms based in well-developed capital markets, with a higher separation of ownership and control (Anglo-Saxon countries).

SEC enforcement actions getting up close and personal

2016 ◽  
Vol 17 (1) ◽  
pp. 131-132
Author(s):  
Matthew E. Kaplan ◽  
Alan H. Paley ◽  
Jonathan R. Tuttle
Keyword(s):  
Financial Reporting ◽  
Chief Executive Officers ◽  
Audit Committee ◽  
Chief Executive ◽  
Chief Financial Officers ◽  
Securities Fraud ◽  
Content Type ◽  
Securities Law ◽  
Public Company ◽  
Executive Officers

Purpose To alert public company management and directors to several recent SEC enforcement actions involving executives and other senior personnel arising out of securities law violations. Design/methodology/approach Reviews a series of enforcement actions against four chief executive officers, four chief financial officers, an audit committee chair, and one outside auditor (BDO USA LLC) and five of its partners arising out of securities law violations by four different corporations (MusclePharm Corporation, Bankrate, Inc., KIT Digital, Inc. and General Employment Enterprises, Inc.). Each of the actions involved financial reporting and disclosure violations. Also highlights the need for directors and senior management to maintain a sharp focus on their company’s controls and disclosure practices. Findings The SEC’S actions may portend renewed determination by the agency to hold executives and directors, as well as outside professionals, accountable for securities fraud and disclosure violations committed by corporations. Originality/value Practical guidance from experienced securities lawyers.

Female executives and corporate governance

2017 ◽  
Vol 43 (10) ◽  
pp. 1056-1072 ◽  
Author(s):  
Emilia Vähämaa
Keyword(s):  
Corporate Governance ◽  
Chief Executive Officers ◽  
Chief Executive ◽  
Chief Financial Officers ◽  
Gender Quotas ◽  
Content Type ◽  
Takeover Defenses ◽  
Governance Practices ◽  
The Board Of Directors ◽  
Executive Officers

Purpose The purpose of this paper is to examine whether the gender of the top executives is associated with the strength of corporate governance mechanisms within a firm. Design/methodology/approach The paper uses panel and instrumental variable regressions on an eight-year sample of the S&P 1,500 firms. Findings The results indicate that firms with female Chief Executive Officers (CEOs) and Chief Financial Officers have higher quality governance practices. Moreover, female CEOs are documented to have the most significant influence on the governance attributes related to the board of directors and takeover defenses mechanisms. Originality/value Overall, these findings indicate that the gender of the firm’s executives may have important implications for the strength of corporate governance. The paper promotes the importance of the recent national policies in numerous countries on gender quotas at the executive level.

scholarly journals International workshop on the future of community child healthcare

2019 ◽  
Vol 8 (1) ◽  
Author(s):  
Zachi Grossman ◽  
Boaz Porter ◽  
Joseph Meyerovitch ◽  
Lisa Rubin ◽  
Jacob Kuint ◽  
...  
Keyword(s):  
Chief Executive Officers ◽  
International Workshop ◽  
Chief Executive ◽  
Local Policy ◽  
Policy Makers ◽  
Academic Advancement ◽  
The Future ◽  
Child Healthcare ◽  
Executive Officers ◽  
International Experts

AbstractIncreasing numbers of children with developmental, emotional, and psychosocial issues require adaptation of the services provided by pediatricians in the community. An international workshop that took place in Israel on June 3–4, 2019, addressed this need. Local policy makers and international experts discussed the following topics: (1) the future of training in community pediatrics; (2) enhancing the prestige of the community pediatrician; (3) development of management and research skills; (4) academic advancement within community pediatrics; (5) the future content of community pediatric practice; (6) visit length and community pediatricians’ reimbursement; (7) developing the collaborative model of care in community pediatrics and (8) integrating child healthcare. The meeting provided a venue to understand the challenges and to formulate recommendations to policymakers. A key target highlighted was the increased exposure of all pediatric residents to community pediatrics. This gained the support of the Chief Executive Officers of all four Health Funds in Israel. This document provides a synopsis of the topics addressed and suggested recommendations.

Are CFOs’ Trades More Informative Than CEOs’ Trades?

2012 ◽  
Vol 47 (4) ◽  
pp. 743-762 ◽  
Author(s):  
Weimin Wang ◽  
Yong-Chul Shin ◽  
Bill B. Francis
Keyword(s):  
Risk Factors ◽  
Stock Returns ◽  
Chief Executive Officers ◽  
Abnormal Returns ◽  
Chief Executive ◽  
Superior Performance ◽  
Chief Financial Officers ◽  
Future Earnings ◽  
Earnings Surprises ◽  
Executive Officers

AbstractWe investigate whether trades made by chief financial officers (CFOs) reveal more information about future stock returns than those by chief executive officers (CEOs). We find that CFOs earn statistically and economically higher abnormal returns following their purchases of company shares than CEOs. During 1992–2002, CFOs earned an average 12-month excess return that is 5% higher than that by CEOs. The superior performance by CFOs occurs notwithstanding controls for risk factors and persists even after their trades are publicly disclosed. Further analysis shows that CFO purchases are associated with more positive future earnings surprises than CEO purchases, suggesting that CFOs incorporate better information about future earnings.

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