scholarly journals INVESTIGATING INCOME SMOOTHING: EMPIRICAL EVIDENCE FROM SERBIAN’S HOTEL COMPANIES

2020 ◽  
pp. 347-360
Author(s):  
Dragana Bešlić Obradović ◽  
◽  
Ivana Bešlić Rupić ◽  
Bojan Rupić ◽  
◽  
...  
Keyword(s):  
Coefficient Of Variation ◽  
Selection Criterion ◽  
Financial Statements ◽  
Income Smoothing ◽  
Variation Method ◽  
Good Picture ◽  
Company Value ◽  
Income Variability ◽  
Statistical Indicators ◽  
Over Time

The flexibility in accounting standards and principles, lead to incentives for managers to show a good picture of the companies. It is logical and rational for managers to attempt to smooth income by using certain accounting devices to reduce the companies’ income fluctuation over time to improve relations with creditors, investors, and employees. Income smoothing enables companies to stabilize earnings and thereby increase earnings predictability. For detecting income smoothing through examining the financial statements Eckel’s (1981) approach (income variability approach) has been the most popular and most used one. In this research study, we use a selection criterion between smoothers and non-smoothers hotel companies based on the income smoothing. This study aims to classify Serbian hotel companies during the period 2016-2019 as smoothing and non-smoothing hotel companies. The method used to determine the presence or absence of income smoothing and the company value results is based on the coefficient of variation model proposed by Eckel (1981). According to the coefficient of variation method, the more the income smoothing (IS) index tends to zero, the more smoothed out the company’s earnings are. This study examines the presence of artificial income smoothing in 22 Serbian hotel companies. A binomial test is used to test the hypothesis. As a result of research, there are no significant statistical indicators of income smoothing practices in Serbian hotel companies during the period 2016-2019.

scholarly journals Bibliometric Analysis of the Literature on Measuring Techniques for Manipulating Financial Statements

Risks ◽  
2021 ◽  
Vol 9 (7) ◽  
pp. 123
Author(s):  
Ioana Lavinia Safta ◽  
Andrada-Ioana Sabău (Popa) ◽  
Neli Muntean
Keyword(s):  
Bibliometric Analysis ◽  
Web Of Science ◽  
Research Question ◽  
Financial Statements ◽  
Research Papers ◽  
Creative Accounting ◽  
Measuring Techniques ◽  
Research Questions ◽  
Over Time

Creative accounting has its background since early studies in 1975, until the present time. It continues to be a subject of great interest for the companies and interested parties. Thus, the current paper will aim to answer the following proposed research questions: 1. Which are the most used methods for detecting the manipulation of financial statements in the literature? 2. Which are the terms that are most frequently encountered in the literature associated with “creative accounting? 3. Which are the journals that have the highest frequency of articles written on the topic “creative accounting”? 4. Over time, how did research evolve in the field of creative accounting? 5. Which countries are most preoccupied in publishing regarding this topic? To answer the research question 1, the models published in the literature for measuring manipulation techniques through creative accounting were reviewed and analyzed. For the remaining research questions, a bibliometric analysis for the publications in this area was performed. For collecting the sample, articles on this topic were selected from the international Web of Science database. Following this, a bibliometric analysis of the articles was performed, using the VOSviewer program. A total of 4045 publications on creative accounting were identified. Through the bibliometric analysis we have answered research question 2, by identifying the key words that have the closest proximity to creative accounting. To answer the remaining research questions, we identified the journals with the highest frequency of publication and the countries with the highest interest on the topic. It is especially important to evaluate the quality of this many research papers and to obtain valuable information.

EVALUATION OF THE ABSOLUTE RESULTS OF THE LEADING COMPANIES OF THE OIL AND GAS COMPLEX: PROBLEMS AND PROSPECTS

2021 ◽  
Vol 3 (11) ◽  
pp. 6-12
Author(s):  
Lyudmila V. Goloshchapova ◽  
◽  
Elena V. Maltseva ◽  
Keyword(s):  
Oil And Gas ◽  
Balance Sheet ◽  
Oil And Gas Industry ◽  
Financial Statements ◽  
The State ◽  
Gas Industry ◽  
Factors Affecting ◽  
Complex Problems ◽  
The Absolute ◽  
Statistical Indicators

The study is devoted to the analysis of the balance sheet profit of the leading companies in the oil and gas industry. The types of profits were considered, as well as the dynamics of the changes in indicators affecting their formation were analyzed. In addition, the article considers the composition and struc-ture of the balance sheet profit, factors affecting its size. Based on the financial statements of the companies, an idea of the state of profit in the companies «Rosneft», «Lukoil», «Gazprom» and «Tatneft» has been com-piled. The paper analyzes quantitative statistical indicators that reflect the results achieved from 2016–2020.

Reporting Significant Transactions with Affiliated Parties of Listed Companies on Stock Exchange

2021 ◽  
Vol 19 (162) ◽  
pp. 359-372
Author(s):  
Lioara-Veronica PASC ◽  
◽  
Camelia-Daniela HATEGAN ◽  
Keyword(s):  
Stock Exchange ◽  
Financial Statements ◽  
Mandatory Reporting ◽  
Annual Reports ◽  
Legal Requirements ◽  
Corporate Transparency ◽  
Reporting Requirements ◽  
Energy Companies ◽  
Majority Shareholder ◽  
Over Time

The complexity of related party transactions may lead to subjective interpretations of their reporting requirements. The objective of the paper is to examine the nature of significant transactions with related parties, how they were reported in accordance with legal requirements, and how the reported issues are correlated with the information in the annual financial statements. The study includes a synthesis of the evolution of specific regulations in Romania, as well as a centralization of the information highlighted in current reports published by entities and annual reports for 2017-2019, in order to identify issues to consider in the process reporting and publishing, in the case of companies carrying out such transactions. The sample consists of energy companies listed on the Bucharest Stock Exchange, included in the BET index, in which the state is the majority shareholder. The results of the study showed that reporting requirements have changed over time, both in terms of defining transactions and mandatory reporting ceilings. The analysis found different interpretations of companies on reporting obligations which can lead to difficulties in correlating and comparing data in the context of corporate transparency. The conclusion is that additional factors arise when reporting these types of transactions, which must be taken into account so that there is no impact on their completeness and accuracy, without affecting the auditor's opinion.

scholarly journals PROFITABILITAS PERUSAHAAN TERHADAP PRAKTIK PERATAAN LABA (INCOME SMOOTHING) PADA PERUSAHAAN MANUFAKTUR DI INDONESIA (Studi Empris pada Perusahaan Manufaktur yang Go Publik yang terdaftar di BEI periode 2013-2015)

JURNAL PUNDI ◽  
2017 ◽  
Vol 1 (2) ◽  
Author(s):  
Mike Kusuma Dewi
Keyword(s):  
Regression Analysis ◽  
Stock Exchange ◽  
Financial Statements ◽  
Income Smoothing ◽  
Economic Conditions ◽  
Earnings Information ◽  
Business Entities ◽  
A Company ◽  
Test Result ◽  
Valid Information

In earnings information companies can be used to assess the performance of management, and can also to estimate the risk in investing in a company. Investors often focus their attention on earnings information without seeing the procedures used to generate earnings information will encourage the company's management to take income smoothing action. Hopefully the information provided in the financial statements is valid information, relevant and reliable for users of financial statements. In reality there is no denying that there are still companies that indicate the practice of income smoothing.               The purpose of this study is to determine the effect of ROE and NPM on the practice of income smoothing on manufacturing entities that have Go Public listed on the Indonesia Stock Exchange This study used a sample of 35 business entities that have Go Public period           2013-2015. The research hypothesis used Multiple Regression Analysis using SPSS Ver.data processing tool 16. The test result showed that ROE and NPM there is no significant influence to earnings smoothing practice. And in fact until 2015 where the good economic conditions do not affect management to implement the practice of income smoothing. Key words : ROE, NPM, Income smoothing

scholarly journals Variability, Heritability, Genetic Advance and Interrelationships for Agronomic and Yield Traits of Sorghum B-Lines under Different Environments

2018 ◽  
pp. 1-13
Author(s):  
A. M. M. Al-Naggar ◽  
R. M. Abd El-Salam ◽  
M. R. A. Hovny ◽  
Walaa Y. S. Yaseen
Keyword(s):  
Grain Yield ◽  
Coefficient Of Variation ◽  
Block Design ◽  
Selection Criterion ◽  
Genetic Advance ◽  
Planting Dates ◽  
High Heritability ◽  
Selection For ◽  
Strength Of Association ◽  
B Lines

Information on heritability and trait association in crops assist breeders to allocate resources necessary to effectively select for desired traits and to achieve maximum genetic gain with little time and resources. The objectives of this investigation were to determine the amount of genetic variability, heritability, genetic advance and strength of association of yield related traits among sorghum lines under different environments in Egypt. Six environments with 25 sorghum B-lines were at two locations in Egypt (Giza and Shandaweel) in two years and two planting dates in one location (Giza). A randomized complete block design was used in each environment with three replications. Significant variation was observed among sorghum lines for all studied traits in all environments. Across environments, grain yield/plant (GYPP) showed positive and significant correlations with number of grains/plant (r = 0.71), days to flowering (r = 0.47), 1000-grain weight (r = 0.16) and plant height (PH) (r = 0.19). In general, the estimates of phenotypic coefficient of variation (PCV) were higher than genotypic coefficient of variation (GCV). Combined across the six environments, the highest PCV and GCV was shown by PH trait (95.14 and 43.57%) followed by GYPP (36.42 and 30.78%), respectively, indicating that selection for high values of these traits of sorghum would be effective. GYPP and PH traits showed high heritability associated with high genetic advance from selection, indicating that there are good opportunities to get success in improvement of these traits via selection procedures. Results concluded that PH is good selection criterion for GYPP and therefore selection for tall sorghum plants would increase grain yield.

A Note on Rainfall Variability and Trends in Nigeria: Implications for Agricultural Production*

2021 ◽  
pp. 232102222110514
Author(s):  
Kolawole Ogundari ◽  
Adebola Abimbola Ademuwagun ◽  
Ogechukwu Appah
Keyword(s):  
Food Security ◽  
Coefficient Of Variation ◽  
Agricultural Production ◽  
Hypothesis Test ◽  
Rainfall Variability ◽  
Climatic Variability ◽  
Least Square ◽  
Annual Rainfall ◽  
Average Annual Rainfall ◽  
Over Time

The climatic change crisis has led to a renewed interest in understanding the dynamic of climatic variability over time. This is because rainfall variability in response to climate change poses a severe threat to global food security and agricultural production in general. As a result of this, the study investigates the convergence of rainfall variability in Nigeria. We use historical climate data on annual rainfall collected from meteorological stations across 12 states and covering 1992–2013. This gives rise to a balanced panel data of 12 states and 20 periods, which yields 240 observations. The study used a sigma convergence hypothesis test estimated using ordinary least square, fixed-effect and feasible generalized least square models. The coefficient of variation is taken as a measure of rainfall variability in the study. The results showed a negative (declining) linear correlation between rainfall’s coefficient of variation and data year. This means that rainfall variability decreased over time. This indicates evidence of convergence of rainfall, which means states with lower average annual rainfall are catching up on states with higher average annual rainfall over time. And, from the agricultural production standpoint, this result shows that the potential threat of rainfall variability to food security is not severe. In addition, it indicates a decrease in risk and uncertainty in food crop production associated with rainfall variability. JEL Classifications: O13, O55, Q10, Q54

An Evaluation of Alternative Procedures for Measuring Horizontal Inequity

2000 ◽  
Vol 22 (1) ◽  
pp. 89-110 ◽  
Author(s):  
Govind S. Iyer ◽  
Ananth Seetharaman
Keyword(s):  
Coefficient Of Variation ◽  
Decomposition Methods ◽  
Horizontal Equity ◽  
Variation Method ◽  
Vertical Equity ◽  
Horizontal Inequity ◽  
Flat Tax ◽  
Alternative Measures ◽  
Alternative Procedures ◽  
Rank Preservation

In this study we evaluate the strengths and limitations of three distinct methods for measuring horizontal inequity (HI): the coefficient of variation method, the rankpreservation method, and the decomposition method. By way of illustrating the alternative measures, we assess the equity characteristics of three proposed flat tax systems. We conclude that the rank preservation and decomposition methods, while subject to certain limitations, yield HI indices that are more meaningful and convenient than the popular coefficient of variation technique. Preliminary results indicate that the current U.S. individual income tax system yields less HI than any flat tax proposal. Among the flat tax proposals, the rank preservation and decomposition methods show that the Armey proposal yields the least HI. We also document that the flat tax proposal that yields the most horizontal equity yields the least vertical equity, and vice versa, suggesting an inherent trade-off between the goals of horizontal and vertical equity for the flat tax.

Developing a Government Reporting Taxonomy

2016 ◽  
Vol 30 (2) ◽  
pp. 49-81 ◽  
Author(s):  
Neal M. Snow ◽  
Jacqueline L. Reck
Keyword(s):  
Financial Reporting ◽  
Municipal Government ◽  
Financial Statements ◽  
Bond Market ◽  
Empirical Approach ◽  
Municipal Bond ◽  
Data Accessibility ◽  
Public Companies ◽  
Private Investors ◽  
Over Time

ABSTRACT The municipal bond market is a $3.7 trillion market with approximately 75 percent of the market held by private investors (SEC 2012). Municipal bondholders and potential buyers do not have the same level of information as those investors choosing to invest in public companies. This inequity is, in part, the result of poor data accessibility. Frequently the data provided are in a format that does not allow easy comparison across governments or over time. To increase comparability and consistency in government reporting we build a government financial reporting taxonomy using the empirical approach. The completed taxonomy has 194 terms that cover financial statements filed by municipalities. Expert analysts and preparers in government reporting reviewed the completed taxonomy. This study has implications for the municipal reporting market and those entities that regulate them by providing a validated municipal government financial reporting taxonomy.

Valuation of Banking Sector

2020 ◽  
pp. 175-200
Author(s):  
Ahmad Aref Almazari
Keyword(s):  
Banking Sector ◽  
Explanatory Power ◽  
Financial Statements ◽  
Decision Models ◽  
The Third ◽  
Bank Regulations ◽  
Fourth Part ◽  
Sector Decision ◽  
A Company ◽  
Over Time

This chapter examines in particular the valuation of banks which can be classified into five parts. It introduces several valuation approaches to find out whether there is a superior method. This chapter starts with a description of bank regulations and their impact on bank valuations and continues with an overview of valuation approaches. The second part applies the banking sector decision Models. The third section shows banking sector valuation models. The fourth part presents the input factors that are needed to value a company. In the last part, financial statements have been used to analyze the main ratios of the Bank of America, and the calculated values were then compared over time (2014-2018) to assess the explanatory power of the bank.

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