The Impact of Public Pension Board of Trustee Composition on State Bond Ratings

2016 ◽  
Author(s):  
John A. Dove ◽  
Courtney Collins ◽  
Daniel J. Smith
Keyword(s):  
Public Pension ◽  
Bond Ratings ◽  
The Impact

The impact of public pension board of trustee composition on state bond ratings

2018 ◽  
Vol 19 (1) ◽  
pp. 51-73 ◽  
Author(s):  
John A. Dove ◽  
Courtney A. Collins ◽  
Daniel J. Smith
Keyword(s):  
Public Pension ◽  
Bond Ratings ◽  
The Impact

scholarly journals The impact of the supervisory board on bond ratings of non-financial companies

2020 ◽  
Vol 17 (1) ◽  
pp. 15-23
Author(s):  
Zainal Abidin Sahabuddin ◽  
Bram Hadianto
Keyword(s):  
Audit Committee ◽  
Control Variable ◽  
Supervisory Board ◽  
Bond Market ◽  
Probit Regression ◽  
Board Size ◽  
Bond Ratings ◽  
Bond Rating ◽  
High Bond ◽  
The Impact

Issuing bonds is one of the alternative ways for non-financial companies to get money from the public besides borrowing money from banks. Compared with getting money banks, obtaining money from the bond market is slightly economical because the companies are not essential to borne the intermediation cost anymore. As a consequence, the companies in the bond market will get the assessment from the appointed agency. Furthermore, the rating of bonds will determine their reputation. Mentioning the literature review, the bond ratings are affected by the features of the supervisory board: size, independence, and audit committee. Therefore, this research intends to attain two goals. Firstly, it aims to prove and analyze the impact of the supervisory board size and independence, as well as the audit committee size on the company’s possibility to get a high bond rating with profitability as the control variable. Secondly, it intends to know the accuracy rate of grouping the company bond ratings through the classification matrix.The population originates from the non-financial companies. The total samples are determined by the Slovin formula with a boundary of the fault of 10%. Based on this formula, the total samples are 36 companies. Furthermore, they are randomly grabbed from the population. The ordered probit regression model and the classification matrix are utilized to analyze the data. Based on the data analysis, this research finds out that the supervisory board size and independence, the audit committee size, and profitability positively affect the bond ratings. It means that the number of the commissioner board and the members of the audit committee have to be added until achieving the maximum level to monitor the performance of the directors so that the company can reach a high bond rating. To sum up, board governance is effective in improving the company’s bond rating.

scholarly journals Changes in hospital bond ratings after the transition to a new electronic health record

2018 ◽  
Vol 25 (5) ◽  
pp. 572-574 ◽  
Author(s):  
Dustin McEvoy ◽  
Michael L Barnett ◽  
Dean F Sittig ◽  
Skye Aaron ◽  
Ateev Mehrotra ◽  
...  
Keyword(s):  
Electronic Health Record ◽  
Health Record ◽  
Apparent Difference ◽  
Net Income ◽  
Bond Ratings ◽  
Bond Rating ◽  
Electronic Health ◽  
Rating Changes ◽  
And Control ◽  
The Impact

Abstract Objective To assess the impact of electronic health record (EHR) implementation on hospital finances. Materials and Methods We analyzed the impact of EHR implementation on bond ratings and net income from service to patients (NISP) at 32 hospitals that recently implemented a new EHR and a set of controls. Results After implementing an EHR, 7 hospitals had a bond downgrade, 7 had a bond upgrade, and 18 had no changes. There was no difference in the likelihood of bond rating changes or in changes to NISP following EHR go-live when compared to control hospitals. Discussion Most hospitals in our analysis saw no change in bond ratings following EHR go-live, with no significant differences observed between EHR implementation and control hospitals. There was also no apparent difference in NISP. Conclusions Implementation of an EHR did not appear to have an impact on bond ratings at the hospitals in our analysis.

The Impact of Auditor Tenure on Initial Bond Ratings

2006 ◽  
Vol 22 ◽  
pp. 97-121 ◽  
Author(s):  
Aaron D. Crabtree ◽  
Duane M. Brandon ◽  
John J. Maher
Keyword(s):  
Bond Ratings ◽  
Auditor Tenure ◽  
The Impact

scholarly journals Risk Profile, Secure Bond, and Bond Rating in Banking Industry

The Winners ◽  
2020 ◽  
Vol 21 (1) ◽  
pp. 49
Author(s):  
Erin Wijayanti ◽  
Indah Yuliana
Keyword(s):  
Banking Industry ◽  
Stock Exchange ◽  
Risk Profile ◽  
Partial Least Square ◽  
Least Square ◽  
Bond Ratings ◽  
Bond Rating ◽  
The Impact ◽  
The Relationship ◽  
Positive Effect

The research aimed to assess the impact of the Risk Profile on the banking industry bond ratings in Indonesia Stock Exchange (IDX) and have a rating for bonds at PT PEFINDO. Sampleswere selected by purposive sampling method. The population were banks listed on the Indonesia Stock Exchange in 2015-2018. The population was 44 banks and 16 banks were selected as samples. The analysis a used descriptive statistics and Partial Least Square (PLS) for testing structural and structural models. The results show that Non-Performing Loan (NPL)and Loan to Deposit Ratio (LDR) directly have a significant direct positive effect on bond ratings, and security directly do not have a significant effect on bond ratings, security strengthen risk relationships credit with a bond rating. However, security weakens the relationship between liquidity risk and the bond rating. The variables indicate that these variables can explain the bond rating of 44,4% while the remaining 55,6% is influenced by other variables not contained in the research model.

scholarly journals Whom Can I Rely on? The Impact of China's Public Pension Program Expansion on the Expectations for Old-Age Support

2021 ◽  
Vol 5 (Supplement_1) ◽  
pp. 356-356
Author(s):  
Qian Zhang
Keyword(s):  
Older Adults ◽  
Old Age ◽  
Adult Children ◽  
Rural Areas ◽  
Fixed Effects ◽  
Public Pension ◽  
Old Age Support ◽  
Pension Program ◽  
The Impact ◽  
Program Expansion

Abstract Aging is a global trend and China is no exception. Older people in China mostly rely on their adult children for old-age support. This traditional provision pattern of old-age support, however, is challenged by hundreds of millions of internal migrant workers. They relocate from rural to urban regions for better employment and are no longer able to provide old-age support to their older parents in rural areas. The aim of this study was to determine the impacts of China’s public pension program expansion in rural areas on older people’s expectations for old-age support. Utilizing the natural experiment of program expansion, this study identified an instrumental variable as the county adoption of the pension program. In addition, the study analyzed a nationally representative longitudinal dataset CHARLS with fixed effects model. Results from the statistical model showed that given the participation in the pension program, older adults reported more reliance on pension for old-age support financially and less reliance on children. Heterogeneous effects were found for older adults living together with children and older adults living independently. These important findings suggest that the government partially assumes the responsibility for the old-age support of adult children in the traditional sense. The potential benefits of this study provide a policy implication for developing countries to alleviate old-age support problems and enable internal migration for economic development.

Modeling the Impact of Crises on Evolution of Pension Systems

2018 ◽  
pp. 115-138
Author(s):  
Larisa Yakimova
Keyword(s):  
Evolutionary Dynamics ◽  
Evolutionary Model ◽  
Public Pension ◽  
Global Business ◽  
Economic Cycles ◽  
Pension Systems ◽  
Spending Growth ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

The purpose of this chapter is twofold: to assess the relationship of the nonlinear dynamics of pension systems and economic cycles, and to develop a descriptive evolutionary model of the stages of pension systems. Hodrick-Prescott filter is used to identify cycles in the pension and economic dynamics. The study proved empirically that the evolutionary dynamics of pension systems depends on the cyclicity of national and world economies. In addition, the bifurcation points associate with big Kondratiev cycles, and the fluctuations of the indicators of pension systems correlate with the medium-term Juglar cycles. The crisis starts pension reforms. The results of this study indicate that public pension spending growth is countercyclical and coincident indicator relative to the global business cycle in 13 countries from 21 of the OECD countries studied. The amount and volatility of public pension spending depends on the basic pension model and has higher values in Bismarck-model countries.

scholarly journals The Measurement of Social Security Convergence: The Case of European Public Pension Systems since 1950

1999 ◽  
Vol 28 (4) ◽  
pp. 595-618 ◽  
Author(s):  
PAUL JOHNSON
Keyword(s):  
Social Security ◽  
System Development ◽  
Social Security System ◽  
Security System ◽  
Public Pension ◽  
Social Security Systems ◽  
Security Systems ◽  
Regime Types ◽  
The Impact ◽  
Over Time

This article proposes a novel way of measuring cross-national changes over time in the outputs of social security systems. Traditional approaches to the comparative analysis of social security systems use expenditure levels, regime types or poverty and inequality rates to rank countries and map change over time. All these approaches encounter the problem of determining how much of the observed change is due to internal developments within the social security system, and how much due to exogenous social and economic factors. Taking the example of public pensions in five European countries since 1950, this article demonstrates how formal social security rules can be used in a simulation model to evaluate changes in public pension payments for a variety of hypothetical individuals characterised by different levels of lifetime income. This procedure produces direct measures of the impact of changes in social security systems which are entirely independent of exogenous developments in social and economic structures. This new method reveals the ‘pure’ effect of internal social security system development over time.

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