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Sample records for earnings

  1. Timing earnings

    Institute of Scientific and Technical Information of China (English)

    Donghua; Chen; Xiangqin; Qi; Yongjian; Shen; Huimiao; Lin

    2011-01-01

    Since the opening of China’s securities market,there have been a number of bull and bear cycles.This paper discusses how executives use the market timing approach to manage earnings in different cycles to maximize firm value.We find that Chinese listed companies choose to release more earnings during bull markets and this phenomenon is more evident in companies that are more profitable and have higher valuations.We also find that executives who do not release more earnings during bull markets are more likely to be dismissed.

  2. Intergenerational earnings mobilities

    DEFF Research Database (Denmark)

    Hussain, Azhar; Munk, Martin D.; Bonke, Jens

    2009-01-01

    This article gives various estimates of intergenerational earnings mobility by applying different earning periods, age brackets, and earning components. The methodology enables us to investigate how sensitive results are to different delimitations and, thereby, to make more accurate international...

  3. Essays on Earnings Predictability

    DEFF Research Database (Denmark)

    Bruun, Mark

    affect the accuracy of analysts´earnings forecasts. Finally, the objective of the dissertation is to investigate how the stock market is affected by the accuracy of corporate earnings projections. The dissertation contributes to a deeper understanding of these issues. First, it is shown how earnings...... of analysts’ earnings forecasts. Furthermore, the dissertation shows how the stock market’s reaction to the disclosure of information about corporate earnings depends on how well corporate earnings can be predicted. The dissertation indicates that the stock market’s reaction to the disclosure of earnings...... forecasts are not more accurate than the simpler forecasts based on a historical timeseries of earnings. Secondly, the dissertation shows how accounting standards affect analysts’ earnings predictions. Accounting conservatism contributes to a more volatile earnings process, which lowers the accuracy...

  4. Intergenerational earnings mobilities

    DEFF Research Database (Denmark)

    Hussain, Azhar; Munk, Martin D.; Bonke, Jens

    2009-01-01

    This article gives various estimates of intergenerational earnings mobility by applying different earning periods, age brackets, and earning components. The methodology enables us to investigate how sensitive results are to different delimitations and, thereby, to make more accurate international...... comparisons of intergenerational earnings mobility. We find that intergenerational earnings mobility is found to be substantially lower when hourly wage rates rather than annual earnings are used, whether the latter are inclusive or exclusive of public transfers. Moreover, when the same specifications...... are applied for Denmark as for other countries, we find that intergenerational earnings mobility from father to son in Denmark is on the same level as in Sweden, Norway, and Finland, whereas the intergenerational earnings mobility in all the Nordic countries is found to be higher than in the United Kingdom...

  5. Essays on Earnings Predictability

    DEFF Research Database (Denmark)

    Bruun, Mark

    affect the accuracy of analysts´earnings forecasts. Finally, the objective of the dissertation is to investigate how the stock market is affected by the accuracy of corporate earnings projections. The dissertation contributes to a deeper understanding of these issues. First, it is shown how earnings...... forecasts can be generated based on historical timeseries patterns of financial ratios. This is done by modeling the return on equity and the growth-rate in equity as two separate but correlated timeseries processes which converge to a long-term, constant level. Empirical results suggest that these earnings...... of analysts’ earnings forecasts. Furthermore, the dissertation shows how the stock market’s reaction to the disclosure of information about corporate earnings depends on how well corporate earnings can be predicted. The dissertation indicates that the stock market’s reaction to the disclosure of earnings...

  6. Incentives and Earnings Growth

    DEFF Research Database (Denmark)

    Frederiksen, Anders

    2013-01-01

    by investigating the effects that explicit short-run incentives and implicit incentives have on earnings growth. The model’s predictions are tested using personnel records from a large bank and are found to be consistent with the observed earnings growth during the first half of the employees’ careers.......The career prospects of newly recruited employees differ substantially within an organization. The stars experience considerable growth in earnings; others can hardly maintain their entry salaries. This article sheds light on the mechanisms generating the observed heterogeneity in earnings growth...

  7. Testing Earning Management

    NARCIS (Netherlands)

    D. Fok (Dennis); Ph.H.B.F. Franses (Philip Hans)

    2009-01-01

    textabstractEarnings management to avoid earnings decreases and losses implies that the time series properties of the last quarter in the fiscal year differ from those of the other three quarters. We propose a simple parametric methodology to diagnose such differences. Application to a random sample

  8. Earnings management to avoid earnings decreases and losses

    DEFF Research Database (Denmark)

    Schøler, Finn

    2005-01-01

    losses) by examining the earnings (changes) frequency distribution. This approach captures neither the magnitude nor how earnings are managed. Consequently, the relation between main "manageable" elements of working capital, current assets (among these the key components inventory and accounts receivable...... asset accounts by using the well known Jones model to "identify" the pre-managed earnings in order to compare these pre-managed earnings with the reported earnings It is shown that the combination of the research of earnings management based on studies of irregularities in the earnings frequency...... losses); and second: firm managers control "manageable" accounting accruals in anticipation of managing earnings....

  9. The Entrepreneurial Earnings Puzzle

    DEFF Research Database (Denmark)

    Chen, Jing; Åstebro, Thomas

    2014-01-01

    underreporting by entrepreneurs. Using a nationwide panel survey representing U.S. households over 15 years, we estimate that entrepreneurs on average earn 4% less per year than employees. However, after correcting for income underreporting, the mean financial gain to entrepreneurship is positive and large......A review of recent evidence on relative earnings from entrepreneurship versus wage work presents a puzzle: why do individuals become entrepreneurs when entrepreneurs on average apparently earn less than employees? After considering several potential explanations, we empirically analyze one: income...

  10. Earned Value Management System

    Data.gov (United States)

    US Agency for International Development — EVMS is a system for measuring project performance and progress in an objective manner by supporting earned value management. EVMS has the ability to combine...

  11. Earned value project management

    CERN Document Server

    Fleming, Quentin W

    2010-01-01

    Organizations that follow the principles of good Earned Value Management (EVM) create an environment that allows teams to successfully operate and thrive ? even in the face of challenges that could negatively impact their projects. Earned Value Project Management (EVPM) is a methodology used to measure and communicate the real physical progress of a project taking into account the work completed, the time taken and the costs incurred to complete that work. As a result, EVPM allows more educated and effective management decision-making, which helps evaluate and control project risk by measuring project progress in monetary terms. In the first two editions of Earned Value Project Management, Quentin W. Fleming and Joel M. Koppelman provided guidance for project management practitioners already familiar with EVPM, was well as those who were new to the use of this technique. The third edition expanded the information available on of EVPM for medium and smaller projects while still being relevant for larger projec...

  12. Personality, Education and Earnings

    Science.gov (United States)

    Silles, Mary A.

    2010-01-01

    Economists are only beginning to understand the relationship between personality traits and economic outcomes. This paper examines the influence of childhood social maladjustment on cognitive development, labor market earnings and career progression using longitudinal data drawn from the National Child Development Study. Net of differences in…

  13. Presentation of 2004 earnings

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2005-03-01

    This presentation offers financial information on the AREVA Group earnings for the year 2004. With manufacturing facilities in over 40 countries and a sales network in over 100, Areva offers customers technological solutions for nuclear power generation and electricity transmission and distribution. The Group also provides interconnect systems to the telecommunications, computer and automotive markets. (A.L.B.)

  14. Personality, IQ, and Lifetime Earnings

    DEFF Research Database (Denmark)

    Gensowski, Miriam

    2014-01-01

    Talented individuals are seen as drivers of long-term growth, but how do they realize their full potential? In this paper, I show that lifetime earnings of high-IQ men and women are substantially influenced by their personality traits, in addition to intelligence and education. Personality traits......, as identified in a factor model, significantly affect earnings, but not for young workers. The effects are furthermore heterogeneous by educational attainment. For women, personality traits do not affect family earnings in the same way as own earnings. Personality and IQ also influence earnings indirectly...

  15. Personality, IQ, and Lifetime Earnings

    DEFF Research Database (Denmark)

    Gensowski, Miriam

    2014-01-01

    , as identified in a factor model, significantly affect earnings, but not for young workers. The effects are furthermore heterogeneous by educational attainment. For women, personality traits do not affect family earnings in the same way as own earnings. Personality and IQ also influence earnings indirectly...... through education, which has sizeable positive rates of return for men in this sample. Women’s returns to education past a bachelor’s degree are lowered through worse marriage prospects, which offset gains to education in terms of own earnings. The causal effect of education is identified through matching......Talented individuals are seen as drivers of long-term growth, but how do they realize their full potential? In this paper, I show that lifetime earnings of high-IQ men and women are substantially influenced by their personality traits, in addition to intelligence and education. Personality traits...

  16. 7 CFR 1767.25 - Retained earnings.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 12 2010-01-01 2010-01-01 false Retained earnings. 1767.25 Section 1767.25....25 Retained earnings. The retained earnings accounts identified in this section shall be used by all RUS borrowers. Retained Earnings 433-439 Retained Earnings 433-439 ...

  17. Education and Earnings in Paraguay.

    Science.gov (United States)

    Psacharopoulos, George; And Others

    1994-01-01

    Uses 1990 Household Survey data for Paraguay to analyze the education-earnings relationship. Human capital characteristics account for about 40% of individual earnings variance; each extra year of schooling yields a private return rate of 11.5%. Social and private return rates are highest for primary education, followed by secondary education.…

  18. Earnings, employment and income inequality

    NARCIS (Netherlands)

    Salverda, W.; Haas, C.; Salverda, W.; Nolan, B.; Checchi, D.; Marx, I.; McKnight, A.; Tóth, I.G.; van de Werfhorst, H.

    2014-01-01

    This chapter demonstrates the importance of labour earnings for income and income inequality -also among top incomes. With a focus on employees and Europe, the chapter elaborates on the relationship between the household income distribution and the individual earnings distribution. On the one hand,

  19. Ownership structure and earnings management

    DEFF Research Database (Denmark)

    Farooq, Omar; El Jai, Hind

    2012-01-01

    Does poor legal protection of minority shareholders provide enough incentives for majority shareholders to expropriate minority shareholders and hide their unscrupulous behavior through accounting manipulations? This paper attempts to study the effect of ownership structure (ownership of the larg...... effect and result in lower earnings management or cause entrenchment effect and result in higher earnings management....... of the largest shareholder and identity of the largest shareholder) on earnings management in Morocco. Using annual estimates of discretionary accruals, we document that the presence of institutions as the largest shareholder has a negative impact on earnings management. Our results show that firms with foreign...... or local institutions as the largest shareholders engage in significantly lower earnings management than other firms. Our results are consistent with prior literature that considers institutions – which have greater resources, more sophistication than individual investors, and more relevant expertise...

  20. Earnings Public-Use File, 2006

    Data.gov (United States)

    Social Security Administration — Social Security Administration released Earnings Public-Use File (EPUF) for 2006. File contains earnings information for individuals drawn from a systematic random...

  1. EARNINGS MANAGEMENT: SUATU TELAAH PUSTAKA

    Directory of Open Access Journals (Sweden)

    Tatang Ary Gumanti

    2000-01-01

    Full Text Available Earnings management is a new phenomenon, which has contributed to the development of accounting theory. The term earnings management occurs as a direct consequence of the efforts undertaken by managers or preparers of financial statements in an attempt to affect accounting information, especially earnings, for his/her own and/or company's benefits. Earnings management can not be interpreted as a negative action since it does not solely concern with earnings manipulation. Theoretically, there are many ways or methods available for managers or preparers of financial statements to affect reported earnings, which are considerably possible from the view of positive accounting theory. The positive accounting theory suggests that managers may have the incentives and intention to behave opportunistically for obtaining his/her private gains by selecting certain accounting methods. Empirical studies have shown that earnings management is evidenced in many economic contexts. This indicates that certain economic events or variables can be utilized as a mechanism for managing earnings. This evidence provides opportunity for accounting researchers, in particular, and management researchers to examine the possibility of occurrence of earnings management in various economic contexts. Abstract in Bahasa Indonesia : Earnings management atau manajemen laba merupakan suatu fenomena baru yang telah menambah wacana perkembangan teori akuntansi. Istilah manajemen laba muncul sebagai konsekuensi langsung dari upaya-upaya manajer atau pembuat laporan keuangan untuk melakukan manajemen informasi akuntansi, khususnya laba (earnings, demi kepentingan pribadi dan/atau perusahaan. Manajemen laba itu sendiri tidak dapat diartikan sebagai suatu upaya negatif yang merugikan karena tidak selamanya manajemen laba berorientasi pada manipulasi laba. Secara teoritis ada banyak cara atau metode yang dapat ditempuh oleh manajer (pembuat laporan keuangan untuk mempengaruhi laba yang

  2. Management Information & Control for Earnings

    Data.gov (United States)

    Social Security Administration — Provides the ability to track and manage earnings inquiries from the general public by automated selection of cases for quality review. It also provides Management...

  3. Earnings Inequality in Germany and Its Implications

    Institute of Scientific and Technical Information of China (English)

    GIACOMO; CORNEO

    2015-01-01

    The current paper discusses the evolution of earnings inequality in Germany with an eye to its potential lessons for China. Inequality is assessed from two different perspectives: the distribution of annual earnings, and the distribution of lifetime earnings. This paper proposes to implement closer monitoring of lifetime earnings and take a proactive stance in the formation of the wage-bargaining regime.

  4. 12 CFR 1805.504 - Retained earnings.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Retained earnings. 1805.504 Section 1805.504... earnings. (a) An Applicant may use its retained earnings to match a request for a financial assistance... requirements by committing available earnings retained from its operations shall be subject to the restrictions...

  5. Market Response toward Accrual Earnings Management, Real Transactions, and Strategic Revenue Recognition - Earnings Management1

    Directory of Open Access Journals (Sweden)

    Windy Puspita Dewi

    2015-01-01

    Full Text Available This study investigates how the capital market response to a variety of earnings management tools i.e., accrual-based earnings management, real transaction activities, and strategic revenue recognition. We measure the market response to the information content of earnings by the earnings response coefficient (ERC. By using pooled-OLS regression from 748 firm-years data of public listed companies on the Indonesian Stock Exchange (IDX in 2004-2009, we find some evidence of a negative association between earnings response coefficients and information content of earnings that contained earnings management. Our study find that real transactions earnings management in operating activities has negative association with earnings response coefficient, but we do not find any evidence from the other earnings management tools. The findings of this study imply that the market participants are able to capture a certain kind of earnings management behaviour that may reduce the earnings response coefficient.

  6. Debt Issues and Earnings Management

    Directory of Open Access Journals (Sweden)

    Bianca Piloto Sincerre

    2016-01-01

    Full Text Available ABSTRACT The aim of this paper is to analyze earnings management (EM surrounding debenture issues of companies listed on the BM&FBOVESPA. EM is an intentional intervention in external financial reports in order to obtain some private gain. This practice is especially important at the time of issuing debentures because if earnings are inflated, investors may pay an artificially high price. To measure earnings management, current discretionary accruals were used as a proxy, based on the Modified Jones and Modified Jones with ROA econometric models. All of the regressions considered the fixed effects of the companies and the time series effects of the analyses. Evidence was found that companies inflate their financial results in the issuing period in order to positively influence their investors. The results suggest that there is EM in the quarter preceding the issue (t = - 1, indicating the influence that investors may have been under when making the decision to invest in debentures from these companies. In addition, it was verified that companies with higher debt, profitability, and sales growth ratios have higher levels of earnings management. The reputation of the auditor was not statistically significant regarding reductions in the level of management. The results also show that companies listed on Level II and New Market had higher levels of management when considering the Modified Jones with ROA model. Therefore, it can be concluded that there is a greater level of earnings management in companies that issue debentures in the period preceding the event. Finally, the variable that is directly related to the level of earnings management is sales growth.

  7. Demographic cycles, cohort size, and earnings.

    Science.gov (United States)

    Berger, M C

    1989-05-01

    This article examines whether position in the demographic cycle is an important factor in determining earnings and earnings growth. Earnings equations for white males are estimated by using March Current Population Survey data. Position in the demographic cycle is captured by including both measures of own cohort size and the size of surrounding cohorts in the estimated earnings equations. Position in the demographic cycle matters. Increases in own cohort size lead to flatter earnings profiles, whereas increases in the size of surrounding cohorts are associated with steeper earnings profiles. The net effect is that those who enter the labor market before or after the peak of the demographic cycle start out with lower earnings but experience faster earnings growth. This pattern is uniform across all schooling groups: high school dropouts, high school graduates, those with some college, and college graduates.

  8. Ownership structure and earnings management

    DEFF Research Database (Denmark)

    Farooq, Omar; El Jai, Hind

    2012-01-01

    – as important monitoring device. Interestingly, our results show that ownership concentration – percentage shareholding of the largest shareholder – has no significant impact on earnings management. The result is in contrast to prior literature that suggests ownership concentration to either cause alignment...

  9. Market liquidity around earnings announcements

    NARCIS (Netherlands)

    Pronk, M.

    2002-01-01

    Prior literature indicates that bid-ask spreads are higher and depths are lower around earnings announcements than during non-announcement periods. This thesis investigates two important aspects of this drop in market liquidity, namely (a) the ability of management to mitigate the drop in market

  10. Sexual orientation, disclosure and earnings

    NARCIS (Netherlands)

    Plug, E.; Berkhout, P.

    2008-01-01

    Gay/bisexual workers tend to earn less than other men. Does this occur because of discrimination or because of selection? In this paper we address this question and collect new information on workplace disclosure to separate out discrimination effects from selection effects. Using a large sample of

  11. Market liquidity around earnings announcements

    NARCIS (Netherlands)

    Pronk, M.

    2002-01-01

    Prior literature indicates that bid-ask spreads are higher and depths are lower around earnings announcements than during non-announcement periods. This thesis investigates two important aspects of this drop in market liquidity, namely (a) the ability of management to mitigate the drop in market liq

  12. The Black- White Earnings Gap

    Science.gov (United States)

    Christensen, Sandra; Bernard, Keith

    1974-01-01

    Using projected labor force data (race, sex, and education) nondiscriminatory and discriminatory black-white occupational patterns and earnings ratios are defined to the year 2000. Rather than realistic estimates, the projections are designed as standards to measure progress in eliminating racial discrimination in the labor market. (EA)

  13. 5 CFR 630.604 - Earning rates.

    Science.gov (United States)

    2010-01-01

    ... Administrative Personnel OFFICE OF PERSONNEL MANAGEMENT CIVIL SERVICE REGULATIONS ABSENCE AND LEAVE Home Leave § 630.604 Earning rates. (a) For each 12 months of service abroad, an employee earns home leave at the... leave to an employee's leave account, as earned, in multiples of 1 day....

  14. Analyst Information Precision and Small Earnings Surprises

    NARCIS (Netherlands)

    S. Bissessur; D. Veenman

    2014-01-01

    Prior research attributes zero and small positive earnings surprises to managers’ incentives for earnings management. In contrast, this study introduces and empirically tests an explanation for zero and small positive earnings surprises based on predictable variation in analyst forecast errors. We a

  15. Earnings of Students Who Change Universities

    Science.gov (United States)

    Holmlund, Linda; Regner, Hakan

    2012-01-01

    Using data on Swedish university entrants, this study finds that earnings are significantly lower for students who change universities compared to students who do not change. Earnings differences decrease over time and over the earnings distribution. The pattern in the estimates seems consistent with non-transfer students having higher earnings…

  16. 47 CFR 32.4550 - Retained earnings.

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 2 2010-10-01 2010-10-01 false Retained earnings. 32.4550 Section 32.4550... FOR TELECOMMUNICATIONS COMPANIES Instructions for Balance Sheet Accounts § 32.4550 Retained earnings. (a) This account shall include the undistributed balance of retained earnings derived from the...

  17. Accrual-based and real earnings management to achieve earnings benchmarks: evidence from Finnish listed companies during 2005-2012

    OpenAIRE

    Jansson, Henri

    2015-01-01

    This study examines earnings management to achieve earnings benchmarks. Earnings management is examined in terms of both accrual-based earnings management and real earnings management, the latter of which, is further decomposed into separate investigation of sales manipulation and overproduction. This study particularly focuses on earnings management associated with the following three earnings benchmarks: meeting analysts' earnings expectations, reporting positive profits and improving previ...

  18. The gender earnings gap among pharmacists.

    Science.gov (United States)

    Carvajal, Manuel J; Armayor, Graciela M; Deziel, Lisa

    2012-01-01

    A gender earnings gap exists across professions. Compared with men, women earn consistently lower income levels. The determinants of wages and salaries should be explored to assess whether a gender earnings gap exists in the pharmacy profession. The objectives of this study were to (1) compare the responses of male and female pharmacists' earnings with human-capital stock, workers' preferences, and opinion variables and (2) assess whether the earnings determination models for male and female pharmacists yielded similar results in estimating the wage-and-salary gap through earnings projections, the influence of each explanatory variable, and gender differences in statistical significance. Data were collected through the use of a 37-question survey mailed to registered pharmacists in South Florida, United States. Earnings functions were formulated and tested separately for male and female pharmacists using unlogged and semilog equation forms. Number of hours worked, human-capital stock, job preferences, and opinion variables were hypothesized to explain wage-and-salary differentials. The empirical evidence led to 3 major conclusions: (1) men's and women's earnings sometimes were influenced by different stimuli, and when they responded to the same variables, the effect often was different; (2) although the influence of some explanatory variables on earnings differed in the unlogged and semilog equations, the earnings projections derived from both equation forms for male and female pharmacists were remarkably similar and yielded nearly identical male-female earnings ratios; and (3) controlling for number of hours worked, human-capital stock, job preferences, and opinion variables reduced the initial unadjusted male-female earnings ratios only slightly, which pointed toward the presence of gender bias. After controlling for human-capital stock, job-related characteristics, and opinion variables, male pharmacists continued to earn higher income levels than female

  19. Abnormal Retained Earnings Around The World

    OpenAIRE

    Alves, Paulo; Silva,Paulo

    2017-01-01

    Using a firm-level survey database covering 50 countries we evaluate firms´ abnormal retained earnings. The results of our work indicate that firms located in emerging markets retain more earnings than firms from developed countries. On the other hand, firms located on common law based countries retain earnings above the expected and higher than firms placed on civil law based countries. A possible explanation, according to our results, can be seen in the economic growth that these countries ...

  20. Family Control and Earnings Quality

    Directory of Open Access Journals (Sweden)

    Carolina Bona Sánchez

    2007-06-01

    Full Text Available El trabajo analiza la relación entre el control familiar y la calidad de la información contable en un contexto en el que el tradicional conflicto de agencia entre directivos y accionistas se desplaza a la divergencia de intereses entre accionistas controladores y minoritarios. Los resultados alcanzados muestran que, en comparación con las no familiares, las empresas de naturaleza familiar divulgan unos resultados de mayor calidad, tanto en términos de menores ajustes por devengo discrecionales como de mayor capacidad de los componentes actuales del resultado para predecir los cash flows futuros. Además, el aumento en los derechos de voto en manos de la familia controladora incrementa la calidad de los resultados contables. La evidencia obtenida se muestra consistente con la presencia de un efecto reputación/vinculación a largo plazo asociado a la empresa familiar. Adicionalmente, el trabajo refleja que a medida que disminuye la divergencia entre los derechos de voto y de cash flow en manos de la familia controladora, aumenta la calidad de la información contable.PALABRAS CLAVE: derechos de voto, divergencia, empresa familiar, calidad delresultado, reputación, beneficios privados.This work examines the relationship between family control and earnings quality in a context where the salient agency problem shifts away from the classical divergence between managers and shareholders to conflicts between the controlling owner and minority shareholders. The results reveal that, compared to non-family firms, family firms reveal higher earnings quality in terms of both lower discretionary accruals and greater predictability of future cash flows. They also show a positive relationship between the level of voting rights held by the controlling family and earnings quality. The evidence is consistent with the presence of a reputation/long-term involvement effect associated with the family firm. Moreover, the work reflects that, as the divergence

  1. A study on relationship between earnings response coefficient and earnings management: Evidence from Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Fatemeh Khaksarian

    2013-10-01

    Full Text Available This paper presents a study to find the relationship between earnings response coefficient and earnings management on some selected firms listed in Tehran Stock Exchange (TSE. The study uses Johns’s model to investigate the behavior of earnings management [Jones, J. J. (1991. Earnings management during import relief investigations. Journal of accounting research, 29(2, 193-228]. In addition, the proposed study uses Ohlson’s model [Ohlson, J. A. (1995. Earnings, book values, and dividends in equity valuation. Contemporary accounting research, 11(2, 661-687] to estimate earnings response coefficient. The study gathers the necessary information from 250 firms from TSE market over the period 2006-2012. The result of our survey indicates that there was a negative and meaningful relationship between earnings response coefficient and earnings management.

  2. THE ACCURACY OF EARNINGS FORECAST AND POST-IPO EARNINGS MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Yanthi Hutagaol

    2017-03-01

    Full Text Available Prior studies showed that before IPO, many companies conducted earnings management in order to attractpotential investors through impressive earnings figures. This study aimed to investigate the tendency of earningsmanagement practice post - IPO. This practice of earnings management was motivated to preserve managers’reputation in achieving their earnings forecasts. Using a total of 165 IPOs in IDX during year 2000-2010, thisstudy employed descriptive analyses to identify the earnings management differences within the sample. A crosssectionanalysis was conducted to test the difference of earnings management indicator among the forecasters.Then, controlling for audit quality, ownership, firm size, and firm leverage, a regression analysis was performedto test the impact of earnings forecasts accuracy on the earnings management. The result of this research showedthat there was an indication that the forecasters conducted more earnings management than the non-forecasters.The study found that forecast accuracy was significantly related to managers’ behavior to manage post-IPOearnings. Further analysis showed that optimistic forecasters tended to engage more in more earning managementthan conservative forecasters. The cross section analysis confirmed that optimistic earnings forecast strengthenedthe relationship of forecast accuracy and post-IPO earnings management, while high audit quality failed toweaken it.

  3. Insult to Injury: Disability, Earnings, and Divorce

    Science.gov (United States)

    Singleton, Perry

    2012-01-01

    This study measures the longitudinal effect of disability on earnings, marriage, and divorce. The data come from the Survey of Income and Program Participation matched to administrative data on longitudinal earnings. Using event-study methods, the results show that the onset of a work-preventing disability is associated with a precipitous decline…

  4. Earnings progression, human capital and incentives

    DEFF Research Database (Denmark)

    Frederiksen, Anders

    progression by investigating the effects of on-the-job human capital acquisition, explicit short-run incentives and career concern incentives on earnings progression. The model leads to predictions about the incentive structure and the progression in both cross-sectional and individual earnings which...

  5. The College Payoff: Education, Occupations, Lifetime Earnings

    Science.gov (United States)

    Carnevale, Anthony P.; Rose, Stephen J.; Cheah, Ban

    2011-01-01

    A college degree pays off--but by just how much? In this report from the Georgetown University Center on Education and the Workforce, the authors examine just what a college degree is worth--and what else besides a degree might influence an individual's potential earnings. This report examines lifetime earnings for all education levels and…

  6. Earnings progression, human capital and incentives

    DEFF Research Database (Denmark)

    Frederiksen, Anders

    progression by investigating the effects of on-the-job human capital acquisition, explicit short-run incentives and career concern incentives on earnings progression. The model leads to predictions about the incentive structure and the progression in both cross-sectional and individual earnings which...

  7. The Gender impact in Earnings Inequality: Evidence from Sri Lanka

    National Research Council Canada - National Science Library

    Arun, Thankom; Borooah, Vani Kant

    2011-01-01

    This paper estimates an earnings function for Sri Lanka, followed by a decomposition analysis of male-female earnings suggest that the gender disparity in earnings largely represents ‘discrimination’ against women...

  8. How do nonprofit hospitals manage earnings?

    Science.gov (United States)

    Leone, Andrew J; Van Horn, R Lawrence

    2005-07-01

    We hypothesize that, unlike for-profit firms, nonprofit hospitals have incentives to manage earnings to a range just above zero. We consider two ways managers can achieve this. They can adjust discretionary spending [Hoerger, T.J., 1991. 'Profit' variability in for-profit and not-for-profit hospitals. Journal of Health Economics 10, 259-289.] and/or they can adjust accounting accruals using the flexibility inherent in Generally Accepted Accounting Principles (GAAP). To test our hypothesis we use regressions as well as tests of the distribution of earnings by Burgstahler and Dichev [Burgstahler, D., Dichev, I., 1997. Earnings management to avoid earnings decreases and losses. Journal of Accounting and Economics 24, 99-126.] on a sample of 1,204 hospitals and 8,179 hospital-year observations. Our tests support the use of discretionary spending and accounting accrual management. Like Hoerger (1991), we find evidence that nonprofit hospitals adjust discretionary spending to manage earnings. However, we also find significant use of discretionary accruals (e.g., adjustments to the third-party-allowance, and allowance for doubtful accounts) to meet earnings objectives. These findings have two important implications. First, the previous evidence by Hoerger that nonprofit hospitals show less variation in income may at least partly be explained by an accounting phenomenon. Second, our findings provide guidance to users of these financial statements in predicting the direction of likely bias in reported earnings.

  9. Earnings management, corporate governance and expense sticki

    Directory of Open Access Journals (Sweden)

    Shuang Xue

    2016-03-01

    Full Text Available Cost and expense stickiness is an important issue in accounting and economics research, and the literature has shown that cost stickiness cannot be separated from managers’ motivations. In this paper, we examine the effects that earnings management has on expense stickiness. Defining small positive profits or small earnings increases as earnings management, we observe significant expense stickiness in the non-earnings-management sub-sample, compared with the earnings-management sub-sample. When we divide expenses into R&D, advertising and other general expenses, we find that managers control expenses mainly by decreasing general expenses. We further examine corporate governance’s effect on expense stickiness. Using factor analysis, we extract eight main factors and find that good corporate governance reduces expense stickiness. Finally, we investigate the interaction effects of earnings management and corporate governance on expense stickiness. The empirical results show that good corporate governance can further reduce cost stickiness, although its effect is not as strong as that of earnings management.

  10. Earnings management, corporate governance and expense stickiness

    Institute of Scientific and Technical Information of China (English)

    Shuang Xue; Yun Hong

    2016-01-01

    Cost and expense stickiness is an important issue in accounting and economics research, and the literature has shown that cost stickiness cannot be separated from managers’ motivations. In this paper, we examine the effects that earnings management has on expense stickiness. Defining small positive profits or small earnings increases as earnings management, we observe significant expense stickiness in the non-earnings-management sub-sample, compared with the earnings-management sub-sample. When we divide expenses into R&D,advertising and other general expenses, we find that managers control expenses mainly by decreasing general expenses. We further examine corporate governance’s effect on expense stickiness. Using factor analysis, we extract eight main factors and find that good corporate governance reduces expense stickiness. Finally, we investigate the interaction effects of earnings management and corporate governance on expense stickiness. The empirical results show that good corporate governance can further reduce cost stickiness,although its effect is not as strong as that of earnings management.

  11. Accounting earnings properties and determinants of earnings response coefficient in Brazil

    OpenAIRE

    2009-01-01

    A fundamental issue at the interface of economics, finance, and accounting involves the relation between a firm\\'s reported earnings and its stock returns. The lack of research in this field using Brazilian data and the limitations of previous research in terms of time-series data (small length available) motivates the present research. In addition, the practical justification of this research is that time-series properties of accounting earnings and the determinants of Earnings Response Coef...

  12. Marianas Boat Fishing Cost Earnings Study 2011

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — These data represent a cost-earnings study of the boat based fishing in the Mariana Archipelago fielded in 2011. Data collected include fisher classification, vessel...

  13. Hawaii Bottomfish Cost-Earnings Survey 2010

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — These data represent a cost-earnings study of the Main Hawaiian Islands bottomfish fishery for the 2010 operating year. Data collected include fisher classification,...

  14. Office of Personnel Management (OPM) Earnings

    Data.gov (United States)

    Social Security Administration — Each year the Office of Personnel Management (OPM) sends SSA a file to be verified and matched against the Master Earnings File (MEF) and Employer Information File...

  15. Cost Earnings Data 1993 - Hawaii Longline

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — These data were collected to support the first cost-earnings study of this fleet. Operational and vessel costs were collected by in-person interviews with vessel...

  16. Hawaii Charter Fishing Cost Earnings Survey 2012

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — These data represent a cost-earnings study of the main Hawaiian Island Charter fishing fleet in 2012. Data collected include fisher classification, vessel...

  17. How Hours of Work Affect Occupational Earnings.

    Science.gov (United States)

    Hecker, David

    1998-01-01

    In most managerial, management-related, sales, production, and transportation occupations, workers with longer hours earned a high hourly rate. The reverse was true for some jobs, including computer specialists, engineers, schoolteachers, and construction workers. (JOW)

  18. Voluntary Management Earnings Forecasts and Discretionary Accruals

    DEFF Research Database (Denmark)

    Gramlich, Jeffrey; Sørensen, Ole Vagn

    2004-01-01

    This paper seeks to determine whether Danish managers exercise discretionary accruals to reach earnings forecast targets they voluntarily specify in conjunction with initial public offerings (IPOs). Because the Danish accounting and legal environment is more permissive than the US, we use Denmark...... as a natural laboratory for learning how business would occur without strict rules, enforcement and sanctions. Danish managers often volunteer pro forma financial statements for results that are expected to occur subsequent to the IPO. We examine a sample of 58 Danish firms that issue voluntary management...... earnings forecasts in connection with IPOs that occur between 1984 and 1996. The evidence we uncover strongly suggests that pre-managed earnings are adjusted toward these targets. In contrast with Kasznik's (1999 Kasznik, R. (1999). On the association between voluntary disclosure and earnings management...

  19. The quality of accruals and earnings - and the market pricing of earnings quality

    DEFF Research Database (Denmark)

    Schøler, Finn

    2004-01-01

    This study focuses on earnings quality by investigating the quality of accruals using the approach introduced by Dechow & Dichev (2002). One essential element is the role of accrual estimation errors, and another is whether the equity market impounds information about the quality of earnings....... observable firm characteristics (e.g. volatility of accruals and earnings, etc.). Further, since an analysis of this type in general can be said to be somewhat mechanical, it is also investigated whether and how, the equity market (e.g. observable earnings-price-ratios) impounds information about the quality...

  20. Earnings Management Priorities of Private Family Firms

    OpenAIRE

    Abdolmohammadi, Mohammad; Kvaal, Erlend; Langli, John Christian

    2010-01-01

    We compare earnings management priorities of private family and private non-family firms. Our study is made possible by the availability of a new and unique database on family relationships between CEOs, board members and owners of private Norwegian firms. We hypothesize and find that compared with private non-family firms, private family firms are likely to manage earnings downward. However, we also find that highly leveraged private family firms make more income increasing accounting choice...

  1. Geographic Differences in the Earnings of Economics Majors

    Science.gov (United States)

    Winters, John V.; Xu, Weineng

    2014-01-01

    Economics has been shown to be a relatively high-earning college major, but geographic differences in earnings have been largely overlooked. The authors of this article use the American Community Survey to examine geographic differences in both absolute earnings and relative earnings for economics majors. They find that there are substantial…

  2. 48 CFR 52.234-4 - Earned Value Management System.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 2 2010-10-01 2010-10-01 false Earned Value Management....234-4 Earned Value Management System. As prescribed in 34.203(c), insert the following clause: Earned Value Management System (JUL 2006) (a) The Contractor shall use an earned value management system...

  3. Earnings Quality Measures and Excess Returns.

    Science.gov (United States)

    Perotti, Pietro; Wagenhofer, Alfred

    2014-06-01

    This paper examines how commonly used earnings quality measures fulfill a key objective of financial reporting, i.e., improving decision usefulness for investors. We propose a stock-price-based measure for assessing the quality of earnings quality measures. We predict that firms with higher earnings quality will be less mispriced than other firms. Mispricing is measured by the difference of the mean absolute excess returns of portfolios formed on high and low values of a measure. We examine persistence, predictability, two measures of smoothness, abnormal accruals, accruals quality, earnings response coefficient and value relevance. For a large sample of US non-financial firms over the period 1988-2007, we show that all measures except for smoothness are negatively associated with absolute excess returns, suggesting that smoothness is generally a favorable attribute of earnings. Accruals measures generate the largest spread in absolute excess returns, followed by smoothness and market-based measures. These results lend support to the widespread use of accruals measures as overall measures of earnings quality in the literature.

  4. Childhood Physical Activity and Adulthood Earnings.

    Science.gov (United States)

    Kari, Jaana T; Tammelin, Tuija H; Viinikainen, Jutta; Hutri-Kähönen, Nina; Raitakari, Olli T; Pehkonen, Jaakko

    2016-07-01

    This study examined the associations between childhood physical activity level and adulthood earnings. The data were drawn from the ongoing longitudinal Young Finns Study, which was combined with register-based Finnish Longitudinal Employer-Employee Data and register-based parents' background information from the Longitudinal Population Census of Statistics Finland. The study consisted of children who were 9 yr (n = 1257, 52% boys), 12 yr (n = 1662, 51% boys), and 15 yr (n = 1969, 49% boys) of age at the time when physical activity was measured. The children were followed until 2010, when they were between 33 and 45 yr old. Leisure-time physical activity in childhood was self-reported, whereas earnings in adulthood were register based and covered over a 10-yr period from 2000 to 2010. Ordinary least squares models were used to analyze the relationship between physical activity and earnings. Childhood physical activity level was positively associated with long-term earnings among men (P childhood physical activity can have far-reaching positive effects on adulthood earnings. Possibilities for improving physical activity during childhood may not only promote health but also affect long-term labor market outcomes.

  5. Race Composition and Earnings: Effects by Race, Region, and Gender

    Science.gov (United States)

    Cassirer

    1996-12-01

    For more than 40 years, studies have reported that the higher the proportion of blacks in a community, the more white men earn, but the less black men earn. Researchers have speculated that black men earned less because earnings discrimination increases with percent black. Others have suggested that the negative effect of black representation on black men's earnings reflects black men's limited occupational opportunities. This study (1) investigates whether pay discrimination and regional location condition the relationship between black representation and workers' earnings and (2) examines the relationship between black representation and earnings for women. The results, based on 1980 Census data for black and white workers from 267 SMSAs, show that black representation was associated with higher earnings for white men and lower earnings for black men in both the north and south, and that part of the effect for southern black men stemmed from earnings discrimination. Southern black men's earnings gains from black representation offset some of the effects of discrimination, while northern black men encountered costs of black representation even in the absence of earnings discrimination. These findings reflect the disparate economic opportunities of black men in each region as manufacturing jobs have disappeared from the north and relocated to the south. For women, black representation led to higher earnings for blacks and whites. I argue that black representation does not lower black women's earnings because occupational sex segregation prevents black women from threatening white men's economic status.

  6. Family migration and relative earnings potentials

    DEFF Research Database (Denmark)

    Foged, Mette

    2016-01-01

    A unitarian model of family migration in which families may discount wives’ private gains is used to derive testable predictions regarding the type of couples that select into migrating. The empirical tests show that gender neutral family migration cannot be rejected against the alternative...... of husband centered migration. Couples are more likely to migrate if household earnings potential is disproportionally due to one partner, and families react equally strongly to a male and a female relative advantage in educational earnings potential. These results are driven by households with a strong...

  7. Management's performance justification and failure to meet earnings thresholds

    NARCIS (Netherlands)

    Zhang, S.; Aerts, Walter

    2015-01-01

    We examine the intensity of management's performance justification as a remedial narrative impression management device, by investigating the association between behavioural earnings thresholds and causal language intensity on earnings-related outcomes in annual management commentary reports. Not me

  8. A comparison of ethical perceptions of earnings-management practices

    National Research Council Canada - National Science Library

    Leonie Jooste

    2011-01-01

    .... However, in the light of increased financial frauds and failures, new and increased emphasis has been placed on the importance of the concepts of earnings quality and earnings-management practices...

  9. Management’s causal reasoning on performance and earnings management

    NARCIS (Netherlands)

    Aerts, W.A.A.; Zhang, S.

    2014-01-01

    We investigate the association between the intensity of causal reasoning on performance in a firm’s annual management commentary and its earnings management propensity. Anticipated earnings management concerns are argued to constitute a significant accountability predicament, bringing management to

  10. Analysts' earnings forecasts and international asset allocation

    NARCIS (Netherlands)

    Huijgen, Carel; Plantinga, Auke

    1999-01-01

    The aim of this paper is to investigate whether financial analysts’ earnings forecasts are informative from the viewpoint of allocating investments across different stock markets. Therefore we develop a country forecast indicator reflecting the analysts’ prospects for specific stock markets. The

  11. Differences in Occupational Earnings by Sex.

    Science.gov (United States)

    Robinson, Derek

    1998-01-01

    This analysis of the female/male wage gap in diverse countries looks at pay scales/job rates, average wage/salary rates, and average earnings in medical, public service, banking, and finance occupations. Explanations for differences and discussion of methodological issues are offered. (SK)

  12. Childbearing and Wives' Foregone Earnings. Project Report.

    Science.gov (United States)

    Calhoun, Charles A.; Espenshade, Thomas J.

    This report combines the techniques of multistate life table analysis with the human capital theory of wages to derive new estimates of the impact of children on hours of market work and earnings for American women aged 15 to 55 years old. The impact of fertility on female labor force behavior is analyzed, and opportunity expenditures (the money…

  13. Japan's Teachers Earn Tenure on Day One

    Science.gov (United States)

    Ahn, Ruth; Asanuma, Shigeru; Mori, Hisayoshi

    2016-01-01

    Teachers in Japan earn tenure on their first day of employment--not after two years of experience based on evaluations of teaching performance or student test scores. This is almost too good to be true. If tenure is so easy to attain, how do the Japanese make sure their teachers, especially novice teachers hired with little teaching experience,…

  14. Language and the Earnings of Immigrants.

    Science.gov (United States)

    Dustmann, Christian; van Soest, Arthur

    2002-01-01

    Analysis of panel data on immigrants to Germany 1984-94 focused on the relationship of language proficiency and productivity. Results show how time-varying measurement errors can lead to downward bias on the effect of fluency on earnings. Language proficiency is thus far more important than studies have suggested. (Contains 30 references.) (SK)

  15. 20 CFR 404.429 - Earnings; defined.

    Science.gov (United States)

    2010-04-01

    ... significant work activity you performed in the operation or management of a trade, profession, or business... countable for purposes of the earnings test until it is shown to our satisfaction that such income may be... employees in running the business for you; (D) Personally contacting an old and valued customer solely for...

  16. Earnings and bank profitability in Nigeria

    Directory of Open Access Journals (Sweden)

    John N. N. Ugoani

    2016-12-01

    Full Text Available Bank earnings in form of retained profit help in the capital formation of banks. This is critical because capital inadequacy is often a cause of bank failures. During the banking crisis in Nigeria the gross earnings of many banks diminished considerably due to frauds and bad management. For example, in 2009 the Central Bank of Nigeria revoked the operating licences of fourteen banks which had huge nonperforming loans and were making losses. The fragility in the Nigerian banking system in the 1990s and beyond was compounded due to wide spread poor corporate governance practices and imprudent lending that led to the erosion of gross earnings and profitability. The study employed the exploratory research design. Data analyses were done through description statistics and the regression technique using the statistical package for the social sciences. The regression result was Y = 4.926 + 1.877x meaning that with an increase of 1 percent in gross earnings bank profitability increases by 1.88 percent. This is the crux of the study.

  17. The Impact of Corporate Social Responsibility on Accrual Earnings Management and Real Earnings Management

    Directory of Open Access Journals (Sweden)

    Soliyah Wulandari

    2016-05-01

    Full Text Available This study examines the influence of Corporate Social Responsibility on accrual earnings management and real earnings management. This study using control variables company size, KAP quality, and leverage. Sample of this study Obtained with purposive sampling for all non-financial company listed in the Indonesia Stock Exchange from 2001 to 2012. This study will use the data secondary, such as annual report. Data analysis will perform using multiple regressions. Result show that Corporate Social Responsibility is influence to accrual earnings management. Corporate Social Responsibility is a real influence to both abnormal earnings management of cash flow from operations and abnormal of production costsDOI: 10.15408/etk.v15i1.3116

  18. Immigrant-Native Differences in Earnings Mobility Processes

    DEFF Research Database (Denmark)

    Ahmad, Nisar; Esmaeilzadeh, Rayhaneh; Hansen, Jørgen

    2014-01-01

    This study compares the earnings mobility between immigrants and natives within and between Denmark and Canada. Both countries have different labour market conditions and immigration history which leads to an interesting comparison of earning mobility processes. The paper employs a dynamic...... that immigrants-native differences in earnings mobility, structural state dependence, and segmentation of earnings distribution are relatively more prominent in Denmark compared to Canada...

  19. Education, Family Backgrounds and Racial Earnings Inequality in Brazil

    OpenAIRE

    2004-01-01

    This study investigates the role of race, family background and education in earnings inequality between whites and the African descendent population in Brazil. It uses quantile Mincer earnings regressions to go beyond the usual decomposition of average earnings gaps. Differences in human capital, including parental education and education quality, and in its returns, account for most but not all of the racial earnings gaps. There appears to be greater pay discrimination at the higher salary ...

  20. 48 CFR 252.234-7002 - Earned Value Management System.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 3 2010-10-01 2010-10-01 false Earned Value Management... of Provisions And Clauses 252.234-7002 Earned Value Management System. As prescribed in 234.203(2), use the following clause: Earned Value Management System (APR 2008) (a) In the performance of...

  1. 48 CFR 1852.234-2 - Earned Value Management System.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Earned Value Management... and Clauses 1852.234-2 Earned Value Management System. As prescribed in 1834.203-70(b) insert the following clause: Earned Value Management System (NOV 2006) (a) In the performance of this contract,...

  2. 26 CFR 1.535-3 - Accumulated earnings credit.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 7 2010-04-01 2010-04-01 true Accumulated earnings credit. 1.535-3 Section 1... Accumulated earnings credit. (a) In general. As provided in section 535(a) and § 1.535-1, the accumulated earnings credit, provided by section 535(c), reduces taxable income in computing accumulated taxable income...

  3. Do managers manipulate earnings prior to management buyouts?

    NARCIS (Netherlands)

    Mao, Yaping; Renneboog, Luc

    2015-01-01

    To address the question as to whether managers intending to purchase their company by means of a levered buyout transaction manipulate earnings in order to buy their firm on the cheap, we study the different types of earnings management prior to the transaction: accrual management, real earnings

  4. 20 CFR 416.1110 - What is earned income.

    Science.gov (United States)

    2010-04-01

    ...-kind earned income. However, if you are a domestic or agricultural worker, the law requires us to treat your in-kind pay as unearned income. (b) Net earnings from self-employment. Net earnings from self..., severance pay, and any other special payments received because of your employment. They may also include the...

  5. 5 CFR 844.402 - Restoration of earning capacity.

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 2 2010-01-01 2010-01-01 false Restoration of earning capacity. 844.402... Reinstatement of Disability Annuity § 844.402 Restoration of earning capacity. (a) Earning capacity... capacity is considered to be restored. The disability annuity will terminate on the June 30 after the...

  6. 17 CFR 256.216 - Unappropriated retained earnings.

    Science.gov (United States)

    2010-04-01

    ... retained earnings. This account shall include the balance, either debit or credit, arising from earnings... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Unappropriated retained earnings. 256.216 Section 256.216 Commodity and Securities Exchanges SECURITIES AND EXCHANGE COMMISSION...

  7. 17 CFR 256.215 - Appropriated retained earnings.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Appropriated retained earnings... UTILITY HOLDING COMPANY ACT OF 1935 Liabilities and Other Credit Accounts § 256.215 Appropriated retained earnings. This account shall include the amount of retained earnings which has been appropriated or set...

  8. Her earnings: Exploring variation in wives' earning contributions across six major Asian groups and Whites.

    Science.gov (United States)

    Kulkarni, Veena S

    2015-07-01

    Previous research on understanding race-ethnic differentials in employment and economic contributions by married women has primarily focused on Blacks, Hispanics, or Whites. This study investigates variations in wives' earning contributions as measured by wives earnings as a proportion of total annual household earnings among six Asian groups, Asian Indian, Chinese, Filipino, Japanese, Korean, and Vietnamese relative to native born non-Hispanic White. I disaggregate the six Asian groups by their ethnicity and nativity status. Using pooled data from 2009-2011 American Community Survey, the findings show significance of human capital, hours of paid labor market engagement and nativity status. There is strong and negative association between husbands' human capital and labor supply with wives' earning contributions suggesting near universality of male-breadwinner status. Notwithstanding the commonalities, there is significant intergroup diversity. While foreign born and native born Filipina wives despite their spouses' reasonably high human capital and work hours, contribute one of the highest shares, the same cannot be said for the Asian Indians and Japanese. For foreign born Asian Indian and to some extent Japanese women, their high human capital is not translated to high earning contribution after controlling for husband's human capital. Further, nativity status impacts groups differentially. Native born Vietnamese wives contribute the greatest. Overall, the findings underscore the relevance of employing multiple conceptual frameworks in understanding earning contributions of foreign and native born Asian wives belonging to the six Asian groups, Asian Indian, Chinese, Filipino, Japanese, Korean, and Vietnamese. Copyright © 2015 Elsevier Inc. All rights reserved.

  9. Perbedaan Persepsi Etis Mahasiswa Akuntansi terhadap Praktik Earnings Management

    Directory of Open Access Journals (Sweden)

    Martin

    2010-04-01

    Full Text Available This study investigates whether gender influences accounting students' perceptions of earnings management. Earnings management is the practice of making discretionary accounting choices or timing operating decisions to move reported earnings toward a desired goal. In this research, earning management has 4 four indicators: type of manipulation, direction of manipulation, materiality, and intention. Prior research reveals wide disagreement among both students and business executives regarding the ethical acceptability of earnings management. Male and female accounting students from Surabaya were evaluated using thirteen items that indicate and describe earnings management practices. No differences were detected between the responses of the male and female students or between the working and non-working students. The result shows that the practice of earnings management is perceived similarly in all groups of students studied.

  10. Evaluating impacts of unexpected earning on precision of profit estimation

    Directory of Open Access Journals (Sweden)

    Hossein Kazemi

    2013-03-01

    Full Text Available Precision in earning report has always been a concern among investors, and when there are some negative adjustments on earning, investor may find it challenging to decide whether they should hold or sell their shares. This paper studies the impact of earning precision and unexpected earning adjustments on firms whose share are listed on Tehran Stock Exchange. The proposed study of this paper considers three hypotheses including whether earning precision has negative relationship with unexpected profit, whether it has a negative with unexpected decline in profit and finally, whether, in prediction on negative news compared with positive news, there is a negative relationship between stronger earnings forecast and precision of earning forecast. The study gathers the necessary data from official news released for some firms whose shares were active over the period 2003-2012. The study uses two regression models and the results of regression analysis have confirmed all hypotheses of this survey.

  11. Firm Life Cycle, Book-Tax Differences and Earnings Persistence

    Directory of Open Access Journals (Sweden)

    Antonio Lopo Martinez

    2016-06-01

    Full Text Available The objective in this study is to show if the life cycle explains the relation between the Book-Tax Differences (BTDs and earnings persistence, as well as to inform on the future gains and their relation with the BTDs. Therefore, univariate tests were applied to verify the differences between the mean BTDS, life cycle stages and regression coefficient for the Earnings Before Income Tax (EBIT. The study focused on Brazilian publicly traded companies between 2009 and 2013. The results indicated that the control of earnings persistence was related with the stages of the life cycle. The information relevance of the life cycle and the Book-Tax Differences for earnings persistence is registered. In conclusion, the firm life cycle should be included in the analysis of the relation between the BTDs and earnings persistence. The evidence registered here is crucial to identify the quality of the earnings and incorporate them into earnings valuation models.

  12. Earned Income Tax Credit Eligibility and Participation

    Science.gov (United States)

    2007-11-02

    to assist the working poor . The EIC is intended to offset the burden of the Social Security payroll tax on low - income workers and to encourage low ...The Earned Income Tax Credit (EIC), which is expected to provide over $30 billion in refundable credits in fiscal year 2002, is major federal effort... income individuals to work. The amounts of credit that taxpayers receive depend on the taxpayers’ incomes and the number of qualifying children they have

  13. Twitter sentiment around the Earnings Announcement events.

    Science.gov (United States)

    Gabrovšek, Peter; Aleksovski, Darko; Mozetič, Igor; Grčar, Miha

    2017-01-01

    We investigate the relationship between social media, Twitter in particular, and stock market. We provide an in-depth analysis of the Twitter volume and sentiment about the 30 companies in the Dow Jones Industrial Average index, over a period of three years. We focus on Earnings Announcements and show that there is a considerable difference with respect to when the announcements are made: before the market opens or after the market closes. The two different timings of the Earnings Announcements were already investigated in the financial literature, but not yet in the social media. We analyze the differences in terms of the Twitter volumes, cumulative abnormal returns, trade returns, and earnings surprises. We report mixed results. On the one hand, we show that the Twitter sentiment (the collective opinion of the users) on the day of the announcement very well reflects the stock moves on the same day. We demonstrate this by applying the event study methodology, where the polarity of the Earnings Announcements is computed from the Twitter sentiment. Cumulative abnormal returns are high (2-4%) and statistically significant. On the other hand, we find only weak predictive power of the Twitter sentiment one day in advance. It turns out that it is important how to account for the announcements made after the market closes. These after-hours announcements draw high Twitter activity immediately, but volume and price changes in trading are observed only on the next day. On the day before the announcements, the Twitter volume is low, and the sentiment has very weak predictive power. A useful lesson learned is the importance of the proper alignment between the announcements, trading and Twitter data.

  14. Ethnicity and Earnings in Urban Peru

    OpenAIRE

    Ñopo, Hugo; Saavedra, Jaime; Torero, Máximo

    2004-01-01

    In this paper we study the relationship between ethnic exclusion and earnings in Urban Peru. Our approach to the concept of ethnicity involves the usage of instruments in many of its several dimensions: mother tongue, parental background, religion, migration events and race. In order to approximate what can be called racial differences in a context like the Peruvian in which "racial mixture" is the main characteristic of the population, we use a score-based procedure to capture both the diffe...

  15. Twitter sentiment around the Earnings Announcement events

    Science.gov (United States)

    Grčar, Miha

    2017-01-01

    We investigate the relationship between social media, Twitter in particular, and stock market. We provide an in-depth analysis of the Twitter volume and sentiment about the 30 companies in the Dow Jones Industrial Average index, over a period of three years. We focus on Earnings Announcements and show that there is a considerable difference with respect to when the announcements are made: before the market opens or after the market closes. The two different timings of the Earnings Announcements were already investigated in the financial literature, but not yet in the social media. We analyze the differences in terms of the Twitter volumes, cumulative abnormal returns, trade returns, and earnings surprises. We report mixed results. On the one hand, we show that the Twitter sentiment (the collective opinion of the users) on the day of the announcement very well reflects the stock moves on the same day. We demonstrate this by applying the event study methodology, where the polarity of the Earnings Announcements is computed from the Twitter sentiment. Cumulative abnormal returns are high (2–4%) and statistically significant. On the other hand, we find only weak predictive power of the Twitter sentiment one day in advance. It turns out that it is important how to account for the announcements made after the market closes. These after-hours announcements draw high Twitter activity immediately, but volume and price changes in trading are observed only on the next day. On the day before the announcements, the Twitter volume is low, and the sentiment has very weak predictive power. A useful lesson learned is the importance of the proper alignment between the announcements, trading and Twitter data. PMID:28235103

  16. Earning management in Brazilian financial institutions

    Directory of Open Access Journals (Sweden)

    Adriana Bruscato Bortoluzzo

    2016-06-01

    Full Text Available ABSTRACT The present study aims to study earnings management in a significant sample of 123 banks in the Brazilian market between 2001 and 2012. Given the important role that banks play in a country's economy, it is important to understand that there are discretionary factors involved in the reporting of a financial institution's profitability. Credit provisioning guidelines for Brazilian financial institutions are described in Resolution 2682/99 of the National Monetary Council (Conselho Monetário Nacional. Because of the discretion allowed in this resolution, loan loss provision is used as instrument of earnings management, which is not an illegal practice, but this behavior does affect the risk perception of agents and analysts, and they should be aware of it and understand it. We found that credit provisioning is used as an earnings management mechanism to smooth the net income of Brazilian financial institutions. Brazilian banks tend to avoid not only negative net income pre-loan loss provisions and taxes, but also negative net income pre-loan loss provisions and taxes in relation to the previous period. Contrary to the previous studies, it is not clear if banks avoid lower net income pre-loan loss provisions and taxes than a given peer group.

  17. FAIR VALUE ACCOUNTING AND EARNINGS MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Pei-Hui Hsu

    2016-04-01

    Full Text Available Many have argued that measuring financial instruments at fair value might not reflect firms’ financial condition. Prior study finds that managers manipulate the “disclosure” of fair value measurement (Song et al. 2010. In this study, we attempt to provide evidence regarding manager’s incentive to manipulate the disclosure of fair value measurements by examining whether the disclosure of less relevant fair value measurement is related to the odds of earnings management. We find that firms with more Level 3 assets and liabilities (i.e., less value relevant fair value measurement are more likely to recognize positive unrealized gains to meet or beat analyst forecast target. In addition, we find that only firms with weak corporate governance disclose more Level 3 fair value liabilities and recognize unrealized gains into reported earnings to meet or beat analyst forecast target. This evidence suggests that managers manipulate the disclosure of fair value measurement in order to manage reported earnings via the adoption of fair value option.

  18. Big 4 auditing companies, earnings manipulation and earnings conservatism: evidence from an emerging market

    Directory of Open Access Journals (Sweden)

    Thabang Mokoaleli-Mokoteli

    2017-03-01

    Full Text Available This study focuses on South African listed companies and investigates the relation between Big 4 auditing companies, earnings management and earnings conservatism. It shows that companies audited by a Big 4 auditor leads to a more timely recognition of large losses and to lower levels of earnings manipulation and higher conditional conservatism. The findings report that the conditional form of conservatism is negatively related to unconditional conservatism. Higher conservatism is also reported for firms with high leverage and those that convey bad news. The opposite has been found for firms with high growth. The findings, in general support the notion that the new Companies’ Act in South Africa and the King III are effective corporate governance tools and the observed cases of corporate failure may be due to other factors, including management hubris.

  19. Genetic parameters for earnings in Quarter Horse.

    Science.gov (United States)

    Silva, A P A; Curi, R A; Langlois, B; Silva, J A Ii V

    2014-08-01

    In this study, we estimated the heritability (h(2)) of earnings in the Quarter Horse in order to evaluate the inclusion of this trait in breeding programs. Records from 14,754 races of 2443 horses from 1978-2009 were provided by Sorocaba Hippodrome, São Paulo, Brazil. All ancestors of the registered horses were included in the pedigree file until the 4th generation. Log-transformed performance measures (LPM) were analyzed for animals aged 2, 3, and 4 years and during their entire career. The h(2) estimates were obtained using a multi-trait model and Gibbs sampling that included the effects of sex, year of race, and animal in all analyses. Five analyses were performed: 1 in which LPM was divided by the number of prizes, 1 in which LPM was divided by the number of race starts, and 3 analyses that included the number of prizes, number of race starts, and both (LPM_cNPS) as covariates. Analysis was performed with and without inclusion of the maternal effect. Models were compared based on the deviance information criterion and LPM_cNPS including maternal effects was found to be the best model. The h(2) estimates and standard deviation obtained using model LPM_cNPS were 0.19 ± 0.08, 0.21 ± 0.08, 0.22 ± 0.09, and 0.21 ± 0.07 for earnings at 2, 3, and 4 years of age and total career, respectively. Our analyses indicate that earnings are subject to selection and can be included in breeding programs to improve the racing performance of Quarter Horses.

  20. Labour Supply Response of a Retirement Earnings Test Reform

    OpenAIRE

    Hernæs, Erik; Jia, Zhiyang

    2009-01-01

    Norwegian administrative data are used to evaluate the impact of a doubling of the threshold in the earnings test on the labour force activity. We find no impact on labour market participation, but positive effects on earnings. The effect increases with exposure to the reform and is stronger for individuals with earnings around the threshold and with high education. Individuals who remain active until retirement age respond more to the reform than those who left labour force earlier. The resu...

  1. The effect of own and spousal parental leave on earnings

    OpenAIRE

    Johansson, Elly-Ann

    2010-01-01

    This paper investigates the effect of parental leave - both own and spousal - on subsequent earnings using different sources of variation. Using fixed-effect models, and in line with previous results, parental leave is found to decrease each parent's future earnings. Also spousal leave is important, but only for mothers. In fact, each month the father stays on parental leave has a larger positive effect on maternal earnings than a similar reduction in the mother's own leave. Using two reforms...

  2. EXTREME PROGRAMMING PROJECT PERFORMANCE MANAGEMENT BY STATISTICAL EARNED VALUE ANALYSIS

    OpenAIRE

    Wei Lu; Li Lu

    2013-01-01

    As an important project type of Agile Software Development, the performance evaluation and prediction for eXtreme Programming project has significant meanings. Targeting on the short release life cycle and concurrent multitask features, a statistical earned value analysis model is proposed. Based on the traditional concept of earned value analysis, the statistical earned value analysis model introduced Elastic Net regression function and Laplacian hierarchical model to construct a Bayesian El...

  3. Earned Value Management (EVM) Implementation Handbook

    Science.gov (United States)

    2013-01-01

    The purpose of this handbook is to provide Earned Value Management (EVM) guidance for the effective application, implementation, and utilization of EVM on NASA programs, projects, major contracts and subcontracts in a consolidated reference document. EVM is a project management process that effectively integrates a project s scope of work with schedule and cost elements for optimum project planning and control. The goal is to achieve timely and accurate quantification of progress that will facilitate management by exception and enable early visibility into the nature and the magnitude of technical problems as well as the intended course and success of corrective actions.

  4. Within- and Cross-Firm Mobility and Earnings Growth

    DEFF Research Database (Denmark)

    Frederiksen, Anders; Halliday, Timothy; Koch, Alexander Karl

    of mobility interact is important for understanding earnings growth. Cross-firm moves at the non-executive level provide sizeable short-run earnings growth (similar to the effect of being promoted to an executive position). These gains, however, appear modest compared with the persistent impact on earnings......It is widely accepted that promotions within firms and mobility across firms lead to significant earnings progression. Existing research generally examined cross-firm mobility separately from hierarchical advancement. Yet, as our descriptive evidence from Danish panel data shows, how the two types...

  5. The Audit Committee Characteristics and Earnings Quality: Evidence from Jordan

    Directory of Open Access Journals (Sweden)

    Allam Mohammed Mousa Hamdan

    2013-12-01

    Full Text Available The aim of the paper is to investigate the relationship between audit committee characteristics and earnings management. Samples in the study included 50 industrial companies listed on the Amman Stock Exchange ASE. Two models were used to measure earnings quality: one which depends on earnings continuity as an indication of quality, and one which depends on the decrease of discretionary accruals of quality, using pooled data regression for the two tests (Ordinary Least Squares OLS and Binary Logit. The study found that there was an influence of some standard characteristics of the audit committee on earnings quality.

  6. Within- and cross-firm mobility and earnings growth

    DEFF Research Database (Denmark)

    Frederiksen, Anders; Halliday, Timothy; Koch, Alexander Karl

    While it is well established that both promotions within firms and mobility across firms lead to substantial earnings progression, few studies offer an integrated analysis of the effects of these two types of mobility on earnings growth. To do this, we exploit a large Danish panel data set......, and not horizontal mobility across firms is what ultimately matters for gross earnings growth. However, because of progressive taxation, we do not see any effects of vertical mobility on net earnings growth. Instead, the fruits of promotions are enjoyed in the form of tax shields such as future consumption via tax...

  7. Pertumbuhan Earning Per Share, Price To Book Value dan Price Earning Ratio Sebagai Dasar Keputusan Stock Split

    Directory of Open Access Journals (Sweden)

    Djoni Budiardjo

    2011-01-01

    Full Text Available The objective of this research is to examine the effect of earning per share, price to book value and price earning ratio on firms stock split. According to signaling hypothesis, stock split decision can be proxies with the growth of earning per share, while trading range hypothesis can be proxies with the price to book value and price earning ratio. The population of this research is manufacturing firms that did stock split between years 2003 to 2008. The samples consist of 40 firms, and the analysis using logistic regression model. The result is that the growth of earning per share did not have a significant effect to firm stock split decision, while price to book value and price earning ratio did have significant effect to the prediction of firms in doing stock split.

  8. Industrial Change and Black Men's Relative Earnings: Final Report.

    Science.gov (United States)

    Vroman, Wayne

    This study examines the relative earnings of black men from a time series perspective covering 1930 to 1990. Regression analyses were fitted to annual data to isolate factors responsible for changes in relative earnings. National and regional data on population growth and employment growth by industry were analyzed to determine the degree of…

  9. How Informative are the Unpredictable Components of Earnings Forecasts?

    NARCIS (Netherlands)

    L.P. de Bruijn (Bert); Ph.H.B.F. Franses (Philip Hans)

    2015-01-01

    markdownabstract__Abstract__ An analysis of about 300000 earnings forecasts, created by 18000 individual forecasters for earnings of over 300 S&P listed firms, shows that these forecasts are predictable to a large extent using a statistical model that includes publicly available information. When w

  10. Accrual-based and real earnings management and political connections

    NARCIS (Netherlands)

    Braam, Geert; Nandy, Monomita; Weitzel, Utz; Lodh, Suman

    2015-01-01

    This study examines whether the trade-off between real and accrual-based management strategies differs between firms with and without political connections. We argue that politically connected firms are more likely to substitute real earnings management for accrual-based earnings management than non

  11. Unchanging Child Support Orders in the Face of Unstable Earnings

    Science.gov (United States)

    Ha, Yoonsook; Cancian, Maria; Meyer, Daniel R.

    2010-01-01

    The underlying theory behind child support guidelines implies that child support orders should change when the incomes of noncustodial parents change. This paper documents changes in noncustodial fathers' earnings over a five-year period and examines the relationship between the changes in earnings and modifications in child support orders. Using…

  12. Post Earnings Announcement Drift : More Risk than Investors can Bear

    NARCIS (Netherlands)

    Suijs, J.P.M.

    2002-01-01

    This paper shows how post earnings announcement drift may arise in a capital market with rational investors if the firm's earnings in consecutive periods are positively correlated and there is a fixed supply of the firm's shares.This result is driven by the fact that equilibrium share prices depend

  13. Within- and cross-firm mobility and earnings growth

    DEFF Research Database (Denmark)

    Frederiksen, Anders; Halliday, Timothy; Koch, Alexander Karl

    While it is well established that both promotions within firms and mobility across firms lead to substantial earnings progression, few studies offer an integrated analysis of the effects of these two types of mobility on earnings growth. To do this, we exploit a large Danish panel data set and te...

  14. 5 CFR 581.401 - Aggregate disposable earnings.

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 1 2010-01-01 2010-01-01 false Aggregate disposable earnings. 581.401 Section 581.401 Administrative Personnel OFFICE OF PERSONNEL MANAGEMENT CIVIL SERVICE REGULATIONS... § 581.401 Aggregate disposable earnings. The “aggregate disposable earnings”, when used in reference...

  15. 5 CFR 550.105 - Biweekly maximum earnings limitation.

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 1 2010-01-01 2010-01-01 false Biweekly maximum earnings limitation. 550.105 Section 550.105 Administrative Personnel OFFICE OF PERSONNEL MANAGEMENT CIVIL SERVICE REGULATIONS PAY ADMINISTRATION (GENERAL) Premium Pay Maximum Earnings Limitations § 550.105 Biweekly...

  16. 5 CFR 847.507 - Earnings after transfer.

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 2 2010-01-01 2010-01-01 false Earnings after transfer. 847.507 Section 847.507 Administrative Personnel OFFICE OF PERSONNEL MANAGEMENT (CONTINUED) CIVIL SERVICE REGULATIONS... INSTRUMENTALITIES Transfers of Contributions Under the Retroactive Provisions § 847.507 Earnings after...

  17. 5 CFR 582.401 - Aggregate disposable earnings.

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 1 2010-01-01 2010-01-01 false Aggregate disposable earnings. 582.401 Section 582.401 Administrative Personnel OFFICE OF PERSONNEL MANAGEMENT CIVIL SERVICE REGULATIONS... Aggregate disposable earnings. In accordance with the Consumer Credit Protection Act, the...

  18. 5 CFR 550.106 - Annual maximum earnings limitation.

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 1 2010-01-01 2010-01-01 false Annual maximum earnings limitation. 550.106 Section 550.106 Administrative Personnel OFFICE OF PERSONNEL MANAGEMENT CIVIL SERVICE REGULATIONS PAY ADMINISTRATION (GENERAL) Premium Pay Maximum Earnings Limitations § 550.106 Annual...

  19. Investigating MBA Degrees Earned by Women: A Decade of Change

    Science.gov (United States)

    McConnell, Cheryl; Rush, Douglas; Gartland, Myles

    2016-01-01

    The authors examined master of business administration (MBA) degrees earned by women at U.S. higher education institutions at three specific years spanning a decade: 2003, 2008, and 2013 to determine whether there was a significant difference in the percentage of MBA degrees earned by women based on the independent variables of institutional type,…

  20. Investigating MBA Degrees Earned by Women: A Decade of Change

    Science.gov (United States)

    McConnell, Cheryl; Rush, Douglas; Gartland, Myles

    2016-01-01

    The authors examined master of business administration (MBA) degrees earned by women at U.S. higher education institutions at three specific years spanning a decade: 2003, 2008, and 2013 to determine whether there was a significant difference in the percentage of MBA degrees earned by women based on the independent variables of institutional type,…

  1. Effects of Foreign Education on Immigrant Earnings

    Directory of Open Access Journals (Sweden)

    Cao, Xingshan

    2009-01-01

    Full Text Available AbstractThis study explores the effects of foreign education on earnings. Previously, most research used indirect estimated information about foreign education, and documented the lower earnings of immigrants who had foreign education in comparison to those who had domestic education. Using direct information obtained from respondents of a recent survey, this research goes beyond the existing studies by suggesting three factors in earning discounts: (1 whether the highest level of education was received overseas, (2 the country where foreign education was received, and (3 name recognition of the foreign university. In addition, our study points out that social networks can reduce the foreign education discount, especially in nonprofessional occupations.RésuméCette recherche explore les effets de l’éducation acquise à l’étranger sur le niveau des gains. Auparavant, la majorité des enquêtes se basaient sur une estimation indirecte des données sur l’éducation acquise à l’étranger et documentaient les gains moins élevés des immigrants qui avaient reçu leur éducation à l’étranger en comparaison à ceux qui avaient suivi leurs études au pays. En utilisant des données directes recueillies auprès des répondants d’un récent sondage, cette étude va plus loin que les études actuelles en suggérant trois facteurs dans la réduction des gains : 1 est-ce que le plus haut niveau de scolarité a été acquis à l’étranger, 2 dans quel pays l’éducation a-t-elle été reçue, et 3 quel est le niveau de réputation de l’université étrangère. De plus, notre étude indique que les réseaux sociaux peuvent diminuer la réduction des gains causée par l’éducation acquise à l’étranger, particulièrement dans les professions non-diplômées.

  2. Reconciling Estimates of Earnings Processes in Growth Rates and Levels

    DEFF Research Database (Denmark)

    Daly, Moira; Hryshko, Dmytro; Manovskii, Iourii

    The stochastic process for earnings is the key element of incomplete markets models in modern quantitative macroeconomics. It determines both the equilibrium distributions of endogenous outcomes and the design of optimal policies. Yet, there is no consensus in the literature on the relative...... magnitudes of the permanent and transitory innovations in earnings. When estimation is based on the earnings moments in levels, the variance of transitory shocks is found to be relatively high. When the moments in differences are used, the variance of the permanent component is relatively high instead. We...... of earnings spells quantitatively accounts for the full amount of discrepancy in the estimates. Using data from the Panel Study of Income Dynamics, we show that this property of earnings induces a substantial upward bias in the estimate of consumption insurance against permanent shocks....

  3. The impact of economic fluctuations on earnings forecast

    Directory of Open Access Journals (Sweden)

    Ata Molodpoor

    2015-07-01

    Full Text Available Previous studies in the area of earnings forecasts hold a common characteristic, they make no distinction as to the economic cycle when evaluating voluntary earnings disclosures. This paper presents an empirical investigation to study the relationship between actual as well as forecasted earnings and growth domestic product during the economic growth and recession on Tehran Stock Exchange. Using the information of 60 firms over the period of 2007-2012, the study has determined that there was a positive and meaningful relationship between earnings forecast and growth domestic product during economic growth. In addition, the study has determined a meaningful relationship between actual earnings and growth domestic product during the recession.

  4. Measuring the effect of managerial ability on earning quality

    Directory of Open Access Journals (Sweden)

    Jamal Bahri Sales

    2015-09-01

    Full Text Available This paper presents an empirical investigation to measure the effect of managerial ability on earning quality on selected firms listed on Tehran Stock Exchange over the period 2007-2013. The proposed study uses data envelopment analysis to measure the relative efficiency of selected firms where Sales is considered as output and Cost of goods (COGS, Selling, General and Administrative Expenses (SG&A, Net Property Plant and Equipment (PPE, Net operating Leases (OpsLease, Research & Development (R&D, Purchased Good will (Goodwill and Other intangible assets (OtherIntan are considered as inputs. Earning quality in this survey consists of three parts of quality of accruals, earnings and earnings forecast persistence. The results of our survey have indicated that managerial ability influences positively on earning quality.

  5. Occupational change, employer change, internal migration, and earnings.

    Science.gov (United States)

    Krieg, R G

    1997-02-01

    "In this paper I use microdata from the [U.S.] Panel Study of Income Dynamics to measure the financial returns to intercounty and interstate migration for individuals in a temporal framework accounting for gains that accrue over time.... To account for the indirect effects of migration on earnings, explanatory variables are created by interacting migration status with: (1) occupational change, (2) employer change and (3) changes in both occupation and employer. These interaction terms are then included in the earnings functions. Earnings are estimated for three years subsequent to the migration decision to account for the financial returns to migration accruing over time. Results indicate that, when estimating earnings, the use of a simple migration dummy variable will mask the indirect effects of migration on earnings."

  6. Information asymmetry, mutual funds and earnings management: Evidence from China

    Directory of Open Access Journals (Sweden)

    Yunhao Dai

    2013-09-01

    Full Text Available This paper investigates how information asymmetry and mutual fund ownership affect listed companies’ earnings management. We show that (1 reducing information asymmetry improves firms’ earnings management behavior; (2 relative to short-term mutual funds, long-term mutual funds promote earnings quality by adopting a monitoring role; and (3 by dividing firms into high/low information asymmetry groups, we find that the information environment significantly increases the effect of long-term mutual funds on firms’ earnings management. In this paper, we provide new evidence for the role that institutional investors play in a typical emerging capital market. Our results have clear policy implications: to increase earnings quality, it is essential to improve information transparency and develop long-term institutional investors.

  7. Corporate Governance Quality and Earnings Management: Evidence from Jordan

    Directory of Open Access Journals (Sweden)

    Sinan S. Abbadi

    2016-06-01

    Full Text Available This paper investigates the effect of corporate governance quality on earnings management in Jordan. Using a panel data set of all industrial and service firms listed on Amman Stock Exchange (ASE during the period 2009-2013; this paper provides evidence that earnings management is affected negatively by corporate governance quality. In particular; the results show that earnings management is affected negatively by overall categories of governance index represented by board of director, board meeting, Audit and nomination and compensation committee. Furthermore, results suggest that corporate governance quality has increased over time. Thus, its ability to constrain earnings management has also increased. It is recommended to industrial and service companies to boost their compliance with corporate governance code to improve the integrity and reliability of financial reports. This paper fills a gap in the literature by providing evidence about the effect of corporate governance quality on earnings management in Jordan as an emerging economy.

  8. Information asymmetry, mutual funds and earnings management: Evidence from China

    Institute of Scientific and Technical Information of China (English)

    Yunhao; Dai; Dongmin; Kong; Li; Wang

    2013-01-01

    This paper investigates how information asymmetry and mutual fund ownership affect listed companies’ earnings management. We show that(1) reducing information asymmetry improves firms’ earnings management behavior;(2)relative to short-term mutual funds, long-term mutual funds promote earnings quality by adopting a monitoring role; and(3) by dividing firms into high/low information asymmetry groups, we find that the information environment significantly increases the effect of long-term mutual funds on firms’ earnings management. In this paper, we provide new evidence for the role that institutional investors play in a typical emerging capital market. Our results have clear policy implications: to increase earnings quality, it is essential to improve information transparency and develop long-term institutional investors.

  9. Cost and Earning Dynamism: The Cointegration Approach

    Directory of Open Access Journals (Sweden)

    Kehinde James Sunday

    2013-05-01

    Full Text Available The study examine the existence of a long run equilibrium between various cost variables and earning and the existence of cost variables stability of the in the firm. Secondary data from the financial reports of Cadbury Nigeria plc covering 2001 to 2010 was adopted for the study. The Augmented Dickey Fuller (ADF unit root technique was used for the stationary test while the Engle-Granger approach was adopted for the cointegration test. The study reveals that long run relationships exist between the variables and the long run stability relationships exist between the variables, however, at weak significant point. It was recommended that cost management and review strategies should be adopted by the firm to strengthen the position of the firm in the industries and to put the firm in long run control of it cost and performance horizon.

  10. A comparison of ethical perceptions of earnings-management practices

    Directory of Open Access Journals (Sweden)

    Leonie Jooste

    2011-12-01

    Full Text Available In 1990, Bruns and Merchant (1990 surveyed earnings-management practices and asked the readership of the Harvard Business Review to rate the acceptability of those practices. Prior to the Bruns and Merchant (1990 study, the morality of short-term earnings-management was of little concern to researchers and accounting practitioners. However, in the light of increased financial frauds and failures, new and increased emphasis has been placed on the importance of the concepts of earnings quality and earnings-management practices. Despite increased research focusing on business ethics since 1990, there is little evidence that the profession is educating accountants about earnings-management practices. This study compares the results of studies on earnings-management practices. Students and business managers were surveyed at the Nelson Mandela Metropolitan University (NMMU and these results were compared to studies prior to the Sarbanes-Oxley Act 2002 in the USA. The aim of the study is to determine if there have been changes in attitudes towards earnings-management practices since the acceptance of the Sarbanes-Oxley Act.

  11. Self-employment income at low earnings levels.

    Science.gov (United States)

    Prero, A J

    1976-02-01

    If self-employment were much more prevalent at moderate and high earnings levels than at low levels and if the incidence of both the employee and employer taxes on wages is on the employee, then the social security tax structure would be regressive relative to taxable earnings. Analysis shows, however, that this is the case only in a very limited sense. For 1970, 6.5 percent of taxable earnings derives from self-employment. At least 6.3 percent of taxable earnings consists of self-employment income in each observed interval from $400 to $3,600. The proportion declines slightly with rising earnings until near the taxable maximum, when it begins to rise. If the average tax rate on earnings up to the maximum were tabulated by earnings both below and above the maximum, it appears very likely that mild regressivity would be shown beyond the taxable maximum, but of not more than a few tenths of a percent.

  12. Earnings instability of job stayers and job changers

    OpenAIRE

    Leonardi, Marco

    2003-01-01

    I use the PSID to decompose the rise in wage inequality into a permanent and a transitory component. I consider separately job stayers and job changers. I find that earnings instability (the variance of the transitory component of earnings) increased much more among job changers than among job stayers. I interpret the evidence in a search and matching model with on-the-job search. The increasing variance of the transitory component of earnings is modeled as a mean-preserving spread of the dis...

  13. PRAKTIK EARNING MANAGEMENT DALAM PERSPEKTIF ETIKA SYARI’AH

    Directory of Open Access Journals (Sweden)

    Diska Arliena Hafni

    2012-07-01

    Full Text Available Earning Management representing one of choice to manager in determining policy of accountancy to reach specific purposes. The target is to maximize manager utilitas and improve company value. This target relate manager motivation in earning management praktik as: getting high bonus, debt in bond fund, trust of public in capital market, low tax expense, achievement which both for CEO, and positive reaction of investor in IPO. With existence of the target of profit management to maximize utilitas, hence profit management activity can be classified into ethics understanding of utilitarianisme. But which still become question in earning management will delivering many benefit to management agent or principle, particularly all stakeholder

  14. Earnings, Uncertainty, and the Self-Employment Choice

    DEFF Research Database (Denmark)

    Le Maire, Daniel; Schjerning, Bertel

    2007-01-01

    -employed can retain earnings and thereby transfer income across tax-years. Secondly, expected income level and income variance are important determinants in choice of occupation. Thirdly, men put more emphasis on expected earnings level, while women appears more risk averse, which contribute to explain why......This paper investigates the relationship between self-employment choice, expected earnings, and uncertainty. Several interesting results emerge from our analysis on Danish longitudinal register data: Firstly, self-employed (taxable) personal income bunch at kink points in the tax system since self...

  15. Disparities in earnings and education in India

    Directory of Open Access Journals (Sweden)

    P. Geetha Rani

    2014-12-01

    Full Text Available This paper studies the impact of different levels of education, religion, caste as well as the impact of living in urban and rural communities on earnings in India. Besides these conventional stratification, yet another academic caste which influence earnings—the English language ability, is also examined. The paper uses a large cross-section sample of India Human Development Survey to estimate Mincer and augmented Mincer equations. The rates of return estimates obtained in these data and method confirm that returns to education increase with the level of education across location, caste-religion and English language ability. Returns to lower levels of education are low across different groups, indicating the low quality of basic schooling in the country. Returns to higher education vary at a great deal ranging between 4.9% among the rural workers and 38.2% among fluent English ability group. This is in contrast to Duraisamy reporting the highest returns to secondary education in India, between the period 1983 and 1993–1994. In a decade’s time, with changes in the economy and in the labour market, higher education especially the English language ability along with higher education brings in the highest wage premium.

  16. Differential mortality by lifetime earnings in Germany

    Directory of Open Access Journals (Sweden)

    Rembrandt D. Scholz

    2007-08-01

    Full Text Available e estimate mortality rates by a measure of socio-economic status in a very large sample of male German pensioners aged~65 or older. Our analysis is entirely nonparametric. Furthermore, the data enable us to compare mortality experiences in eastern and western Germany conditional on socio-economic status. As a simple summary measure, we compute period life expectancies at age~65. Our findings show a lower bound of almost 50 percent (six years on the difference in life expectancy between the lowest and the highest socio-economic group considered. Within groups, we find similar values for the former GDR and western Germany. Our analysis contributes to the literature in three aspects. First, we provide the first population-based differential mortality study for Germany. Second, we use a novel measure of lifetime earnings as a proxy for socio-economic status that remains applicable to retired people. Third, the comparison between eastern and western Germany may provide some interesting insights for transformation countries.

  17. Ownership Structure and Earnings Management in periods of Executive Changes

    DEFF Research Database (Denmark)

    Sommer, Rasmus S.

    This paper reports evidence of earnings management associated with non-routine executive changes in a Danish context. It is hypothesised that incoming executives in non-owner-controlled companies decrease earnings by means of discretionary accruals in the financial statements relating to the period...... this is not the case for owner-controlled companies. Also, a test shows a significant difference in earnings management in owner- versus non-owner-controlled companies around executive changes. The study elaborates on the research in the area by including ownership structure. Furthermore, the study is carried out...... of the executive change. A modified, modified Jones model is used to divide income before tax into discretionary and non-discretionary components. The empirical evidence is consistent with the hypothesis. Non-owner-controlled companies significantly decrease earnings around executive changes, while...

  18. Cost Earnings Survey of NWHI Bottomfish Fleets (1993): Obsolete

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This study collected cost-earnings information for the 12 vessels which had reported bottomfish landings from Northwestern Hawaiian Islands in 1993 in order to...

  19. Earning Management and Dividend Policy: Evidence from Pakistani Textile Industry

    Directory of Open Access Journals (Sweden)

    Aurangzeb

    2012-10-01

    Full Text Available The aim of this research is to analyze the impact of earning management on dividend payout policy. This research is conducted by taking the data of textile industry from the year of 1966 to 2008. All the companies listed with Karachi Stock Exchange (KSE are used as sample. Measurement of dividend policy is done by calculating dividend payout ratio. The dividend payout (DPO is taken as a dependent variable and the earning management (EM is taken as an independent variable, discretionary accruals are taken as proxy of earning management and three variables are treated as control variables; return on equity (ROE, size of the firm (SF and self finance ratio (SFR. Results explored earning management and all control variables have negative relation with dividend payout policy.

  20. Hawaii Small Boat Cost-Earnings Data: 2014

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — These data represent a cost-earnings study of the Hawaii small boat fishery in 2014. Data collected include fisher classification, vessel characteristics, levels of...

  1. Hawaii Small Boat Cost-Earnings Data: 1995-1996

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — These data represent a cost-earnings study of the Hawaii small boat fishery in 1995-1996. Data collected include fisher classification, vessel characteristics,...

  2. Hawaii Small Boat Cost-Earnings Data: 2007-2008

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — These data represent a cost-earnings study of the Hawaii small boat fishery in 2007-2008. Data collected include fisher classification, vessel characteristics,...

  3. IFRS ADOPTION AND EARNINGS MANAGEMENT IN BRAZILIAN PUBLICLY TRADED COMPANIES

    National Research Council Canada - National Science Library

    Roberto Midoguti Joia; Silvio Hiroshi Nakao

    2014-01-01

    .... This study was aimed at verifying any changes in the earnings management levels after 2010 and whether this happened in function of the full adoption of the IFRS by the Brazilian publicly traded companies...

  4. 76 FR 7526 - Major System Acquisition; Earned Value Management

    Science.gov (United States)

    2011-02-10

    ... From the Federal Register Online via the Government Publishing Office NATIONAL AERONAUTICS AND... AGENCY: National Aeronautics and Space Administration. ACTION: Proposed rule with request for comments... National Standards Institute/Electronics Industries Alliance (ANSI/EIA) Standard-748, Earned...

  5. The Wage Gap: Women's and Men's Earnings. Briefing Paper.

    Science.gov (United States)

    Shaw, Lois; Gish, Melinda; Braunstein, Jill; Allore, Sara

    After remaining virtually unchanged from 1995 through the 1970s, the wage gap between women and men began to decline in the 1980s. By the early 1990s, the ratio of the annual earnings of women employed full time year-round to the annual earnings of their male counterparts reached 72.0%. That ratio decreased slightly (to 71.4%) in 1995. The wage…

  6. Earning Management and Dividend Policy: Evidence from Pakistani Textile Industry

    OpenAIRE

    Aurangzeb; Tasfoura Dilawer

    2012-01-01

    The aim of this research is to analyze the impact of earning management on dividend payout policy. This research is conducted by taking the data of textile industry from the year of 1966 to 2008. All the companies listed with Karachi Stock Exchange (KSE) are used as sample. Measurement of dividend policy is done by calculating dividend payout ratio. The dividend payout (DPO) is taken as a dependent variable and the earning management (EM) is taken as an independent variable, discretionary acc...

  7. Immigrant-Native Differences in Earnings Mobility Processes

    DEFF Research Database (Denmark)

    Ahmad, Nisar; Esmaeilzadeh, •Rayhaneh

    2009-01-01

    This study compares the earnings mobility between immigrants and natives within and between Denmark and Canada. Both countries have different labour market conditions and immigration history which leads to an interesting comparison of earning mobility processes. The paper employs a dynamic...... multinomial logit model with discrete factor approximation for the specification of unobserved individual heterogeneity. The model takes into account the effect of the endogenous initial conditions problem and unobserved heterogeneity to separate structural and spurious state dependence. The results show...

  8. Immigrant-Native Differences in Earnings Mobility Processes

    DEFF Research Database (Denmark)

    Ahmad, Nisar; Esmaeilzadeh, Rayhaneh; Hansen, Jørgen

    2014-01-01

    This study compares the earnings mobility between immigrants and natives within and between Denmark and Canada. Both countries have different labour market conditions and immigration history which leads to an interesting comparison of earning mobility processes. The paper employs a dynamic...... multinomial logit model with discrete factor approximation for the specification of unobserved individual heterogeneity. The model takes into account the effect of the endogenous initial conditions problem and unobserved heterogeneity to separate structural and spurious state dependence. The results show...

  9. Earnings Management, Corporate Tax Shelters, and Book–Tax Alignment

    OpenAIRE

    Desai, Mihir A.; Dharmapala, Dhammika

    2009-01-01

    This paper reviews recent evidence analyzing the link between earnings management and corporate tax avoidance and considers the implications for how policymakers should evaluate the financial reporting environment facing firms. A real–world tax shelter is dissected to illustrate how tax shelter products enable managers to manipulate reported earnings. A stylized example is developed that generalizes this view of corporate tax avoidance and empirical evidence consistent with this view is discu...

  10. Earnings inequality, returns to education and immigration into Ireland

    OpenAIRE

    Barrett, Alan; Fitz Gerald, John; Nolan, Brian

    2000-01-01

    Increasing earnings inequality has been an important feature of the US and UK labour markets in recent years. The increase appears to be related to an increased demand for skilled labour and an increase in the returns to education. In this paper we examine what has happened to earnings inequality and the returns to education in Ireland between 1987 and 1997. We find that while both increased between 1987 and 1994, the increases slowed dramatically between 1994 and 1997. This is somewhat surpr...

  11. The Post-Military Earnings of Female Veterans

    Science.gov (United States)

    1993-09-01

    if an occupation change is also involved. 5 To estimate veteran-nonveteran wage differentials among women, earnings functions are specified using the...unadjusted veteran wage differentials is small, but as indicated in column 2, veterans have substantially larger earnings endowments than do nonveterans. The...When veteran wage differentials are examined by schooling group, as shown in line 3, women with high school diplomas (or less) and those with some

  12. Earned Value Management: Making it Personal; Making it Work!!!

    Science.gov (United States)

    2011-04-01

    teammates regularly. Managers intervene only when there are significant delays. Each developer "buys into" her/his commitments because she/he made...Value (= BCWP) EVM Earned Value Management IQA Internal Quality Audit Performance BCWP / ACWP QMS Quality Management System WBS Work Breakdown Structure ...Earned Value Management : © 2010 Judy Bamberger Making it Personal; Making it Work Printed: April 3, 2011 / 9:03 PM 1 Created: 101002/v0.1 EVM

  13. 25 CFR 700.173 - Average net earnings of business or farm.

    Science.gov (United States)

    2010-04-01

    ... 25 Indians 2 2010-04-01 2010-04-01 false Average net earnings of business or farm. 700.173 Section... PROCEDURES Moving and Related Expenses, Temporary Emergency Moves § 700.173 Average net earnings of business or farm. (a) Computing net earnings. For purposes of this subpart, the average annual net earnings...

  14. 18 CFR 367.4360 - Account 436, Appropriations of retained earnings.

    Science.gov (United States)

    2010-04-01

    ..., Appropriations of retained earnings. 367.4360 Section 367.4360 Conservation of Power and Water Resources FEDERAL... NATURAL GAS ACT Retained Earnings Accounts § 367.4360 Account 436, Appropriations of retained earnings. This account must include appropriations of retained earnings as follows: (a) Appropriations required...

  15. The flexible fairness: equality, earned entitlement, and self-interest.

    Science.gov (United States)

    Feng, Chunliang; Luo, Yi; Gu, Ruolei; Broster, Lucas S; Shen, Xueyi; Tian, Tengxiang; Luo, Yue-Jia; Krueger, Frank

    2013-01-01

    The current study explored whether earned entitlement modulated the perception of fairness in three experiments. A preliminary resource earning task was added before players decided how to allocate the resource they jointly earned. Participants' decision in allocation, their responses to equal or unequal offers, whether advantageous or disadvantageous, and subjective ratings of fairness were all assessed in the current study. Behavioral results revealed that participants proposed more generous offers and showed enhanced tolerance to disadvantageous unequal offers from others when they performed worse than their presumed "partners," while the reverse was true in the better-performance condition. The subjective ratings also indicated the effect of earned entitlement, such that worse performance was associated with higher perceived feelings of fairness for disadvantageous unequal offers, while better performance was associated with higher feelings of fairness for advantageous unequal offers. Equal offers were considered "fair" only when earned entitlement was even between two parties. In sum, the perception of fairness is modulated by an integration of egalitarian motivation and entitlement. In addition to justice principles, participants were also motivated by self-interest, such that participants placed more weight on entitlement in the better-performance condition than in the worse-performance condition. These results imply that earned entitlement is evaluated in a self-serving way.

  16. EARNINGS MANAGEMENT, AUDIT QUALITY AND LEGAL ENVIRONMENT: AN INTERNATIONAL COMPARISON

    Directory of Open Access Journals (Sweden)

    Mehmet Unsal Memis

    2012-01-01

    Full Text Available This paper investigates the relationship between earnings management-audit quality and earnings management-legal system quality by using 1507 firms’ observations from listed companies in private firms across different 8 emerging countries. Consistent with previous research, differentiation between Big 4 and non-Big 4 audit firms are used as a audit quality proxy and discretionary accruals are used to measure the earnings management. According to the results, only for Brazilian and Mexican companies, there is significant relationship between the discretionary accruals and audit quality. For the other countries there is not significant relationship. Furthermore efficiency of the legal system helps decrease earnings management incentives. Along with results, the big four auditors do not constrain the earnings management incentives in every emerging country but effective legal system does. In this analysis we used other earnings management related variables like the size of the firms, leverage, lagged ROA of the firms which have loss in the previous year and Tobin Q as control variables.

  17. The Islamic Capital Market Response to the Real Earnings Management

    Directory of Open Access Journals (Sweden)

    Rita Yuliana

    2017-06-01

    Full Text Available This study aims to prove the effect of the company's status, i.e membership on the Islamic capital market and the status as suspect firm, as a determinant of real earnings management (REM. REM is conducted by abnormally increasing sales, increasing production and reducing discretionary costs in order to achieve a certain earnings target. This study uses Earnings Distribution Analysis (EDA technique, which refers to the Prospect Theory (Kahneman & Tversky, 1979 to identify the suspect firms. Suspect firms are companies that have small positive earnings. The samples of this research are companies listed on the Indonesia Stock Exchange in 2011 and 2012. Based on the result of regression analysis, hypothesis testing results show that the suspect firms conduct real earnings management in all three types of activities more aggressively than the non-suspect firms. Furthermore, this study also showed empirical evidence that there are differences in real earnings management actions between companies listed in the Islamic capital market compared to conventional capital markets. Then, this study also showed that the Islamic capital market is more appropriate in response to the REM than the conventional capital market.

  18. Social Desirability Bias and Earnings Management around the World

    Directory of Open Access Journals (Sweden)

    Niszczota Paweł

    2015-09-01

    Full Text Available In this paper we test whether inter-country variation in individuals’ tendency to conform, as measured by the Lie (social desirability scale used in the Eysenck Personality Questionnaire, can explain differences in the propensity to employ corporate earnings management around the world. Such a link is feasible, given that survey data suggest executives tend to be under severe pressure to meet earnings benchmarks, to which they often succumb by engaging in earnings management (to the detriment of the company’s long-term prospects. We hypothesize that in countries where the propensity to act in a socially desirable (outsider-satisfying way is stronger, earnings management should be more prevalent. Research results support our hypothesis, and demonstrate the existence of a positive relationship between the prevalence of earnings management in a country and the mean score of individuals from that country on the Eysenck Lie scale, which further evidences that capital market pressure is a significant determinant of earnings management.

  19. Investor reaction to strategic emphasis on earnings numbers: An empirical study

    Directory of Open Access Journals (Sweden)

    M. Shibley Sadique

    2013-10-01

    Full Text Available We analyze the earnings information and stock prices of S&P500 firms and find that investors following S&P500 stocks (i respond more to pro forma earnings than to GAAP earnings, (ii respond to an emphasis on pro forma earnings, and (iii are fixated on pro forma earnings. We provide the first direct evidence that a strategic emphasis on earnings numbers may affect return volatility. Further, our results do not support the argument that a larger investor response to Street earnings might be driven by large differences between the Street numbers and GAAP numbers.

  20. Seasoned Equity Offerings and"Herd Behavior"of Earnings Management

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    A model to explain the dynamic characters of earnings management was developed based on the interaction among several firms' disclosure policies. Under the condition of incomplete information, each firm's earnings management will be influenced by the earnings disclosure policies of other firms. It can lead to "herd behavior" of earnings management. This paper studies the relationship between earnings manipulation and rights issue policy based on the distribution of earnings after management. The results indicate that Chinese listed companies trend towards controlling ROE in the narrow ranges just above 6% and 10% .Therefore, "herd behavior" exists in the earnings management.

  1. A Comparison of Earned Value and Earned Schedule Duration Forecast Methods on Department of Defense Major Defense Acquisition Programs

    OpenAIRE

    Bruchey, William J.

    2012-01-01

    Approved for public release; distribution is unlimited Earned value management is a project management tool that integrates project scope with cost, schedule, and performance elements for optimum project planning and control. Earned value management is required by the Department of Defense for cost and incentive type contracts equal or greater than $20 million as part of a comprehensive approach to improving critical acquisitions. It is used to forecast the programs schedule performance us...

  2. FUNDAMENTAL INFORMATION, EARNINGS QUALITY,AND FUTURE EARNINGS: EMPIRICAL EVIDENCE FROM CHINA's A-SHARE LISTED COMPANIES

    Institute of Scientific and Technical Information of China (English)

    JianboZhou

    2004-01-01

    The earnings quality of listed companies is an issue of public concern. This paper conducts an in-depth and comprehensive analysis of how to measure the earnings quality of listed companies by using empirical methods. The indicators of earnings quality used in this paper include not only cash flow but also indicators that affect the growth of future earnings. We find that, firstly, in our stock return regressions, both specific and composite indicators of earnings quality have incremental explanatory power for stock returns after controlling for earnings per share, changes in earnings per share, and firm size. Secondly, in our future earnings regressions, both specific and composite indicators of earnings quality have incremental explanatory power for future earnings after controlling for earnings per share, changes in earnings per share, and firm size. Thirdly, listed companies with lower (higher) earnings quality have poorer (better) earnings performance in future years.

  3. Earning management: analysis of publications in brazilian accounting journals

    Directory of Open Access Journals (Sweden)

    Débora Gomes Machado

    2014-06-01

    Full Text Available The goal of this study is to identify characteristics, from the perspective of social networks, of the scientific literature on earning management in Brazilian accounting journals. Specifically, were identified: a authors and their social networks of scientific production; b researched topics, models for accruals detection, authors’ networks and the period studied; c methodological procedures used. A bibliometric survey, with a quantitative approach was performed through the analysis of 17 Brazilian accounting journals, since their first edition until the year 2010. Out of them, 10 published articles having the theme earning management in the title, abstract or keywords. The 32 identified articles were submitted to content analysis and then the data were presented from the perspective of social networks. The survey results show that: the authors and their social networks of production originates mostly from Universidade de São Paulo (USP; the most researched theme was the methods or means to conduct earnings management, and accruals measurement models, with emphasis on Kang and Sivaramakrishnan Model; the descriptive research, based on document and quantitative approach were the most commonly used forms in the articles researched. It is noteworthy that structural gaps are the topics, such as compensation plans, political costs and earnings management in different contractual environments. The research results can contribute to academia to highlight some features of the earnings management theme and its researchers, in the field of publications in Brazilian accounting journals.

  4. Earnings management and the quality of the financial reporting

    Directory of Open Access Journals (Sweden)

    Ingrid Shuli

    2011-08-01

    Full Text Available During the last time in the development of the financial reporting and frauds there have emerged several problems related to the quality of several indicators on the financial statements and especially the quality of the earnings indicator. According to the literature on the financial reporting it results that companies have the possibility to smooth earnings or manage earnings as a tool to avoid reporting a loss. While the economic entities are using the national and international accounting standards, the working practice of accountants/auditors shows episodes of the management of the earnings. One of the conclusions of this paper is that there is not enough information among accounting professionals regarding the practices of the earnings management. One of the recommendations is to include issues of fair and ethical reporting in the modules of the faculty of economics especially on the master level.Based on the many studies of this issue in other countries, this paper will show if this phenomenon is known in Albania and furthermore how important it is for the quality of the financial reporting in Albania. In order to achieve this objective it has been done a review of related studies. Because of the new legislation on the financial reporting being implemented in our country the recommendations of this paper may be valuable to the enforcement of the accounting standards mechanisms.

  5. 业绩预告披露与盈余管理研究%Earnings Forecasts and Earnings Management Performance

    Institute of Scientific and Technical Information of China (English)

    乔君; 宋海燕

    2012-01-01

    Since the existence of earnings management is information asymmetry between investors and manage ment. Earnings forecast , to a large extent will affect the assessment of investors in listed companies and their invest ment decisions. This paper disclosures notice from the performance characteristics. The study notices the relation ship between earnings forecast and earnings management, Including notice of the nature of the performance, notice of accuracy ,notice errors of the relationship with earnings management. The results shows that: notice issued per formance of the company, higher levels of earnings management. Notice and the notice of the accuracy of earnings management during the current and forecast levels are related to the level of forecast errors and negative eamings management. When the message type a different time, predict whether or not mandatory and the "change" of the different levels of earnings management. Conclusion supports the results of listed company financial reports meet the notice of the earnings forecast.%盈余管理存在的根本原因在于投资者与管理层之间的信息不对称。业绩预告作为上市公司未来经营成果、财务状况与现金流量的预测,在很大程度上会影响投资者对上市公司的评估及其投资决策。从业绩预告披露的特征方面出发,研究业绩预告披露与盈余管理之间的关系,包括业绩预告的性质、预告精确度、预告误差分别与盈余管理程度的关系,结果发现:发布业绩预告的公司,盈余管理水平更高。预告精确度以及预告期间与预测当期盈余管理水平正相关,预测误差与盈余管理水平负相关。当消息类型不同的时候,预测的强制性与否以及"变脸"对盈余管理水平的影响不同。结论支持了上市公司财务报告迎合业绩预告披露的说法。

  6. Earnings, Uncertainty, and the Self-Employment Choice

    DEFF Research Database (Denmark)

    Le Maire, Daniel; Schjerning, Bertel

    2007-01-01

    This paper investigates the relationship between self-employment choice, expected earnings, and uncertainty. Several interesting results emerge from our analysis on Danish longitudinal register data: Firstly, self-employed (taxable) personal income bunch at kink points in the tax system since self......-employed can retain earnings and thereby transfer income across tax-years. Secondly, expected income level and income variance are important determinants in choice of occupation. Thirdly, men put more emphasis on expected earnings level, while women appears more risk averse, which contribute to explain why...... fewer women are self-employed. Finally, our results suggest that non-western immigrants are marginalized into self-employment. Occupational choice, self-employment, wage-di¤erentials, income uncertainty, risk aversion, overcon…dence, self-selection, gender di¤erences.  ...

  7. Danwei Profitability and Earnings Inequality in Urban China*

    Science.gov (United States)

    Xie, Yu; Wu, Xiaogang

    2009-01-01

    Prior research has debated the relative importance of such factors as human capital, political capital and region in determining workers’ earnings in reform-era urban China. This article argues that a main agent of social stratification in contemporary China continues to be the danwei, the work unit. Using data from a 1999 survey we conducted in three large Chinese cities, Wuhan, Shanghai and Xi’an, we assess the extent to which workers’ earnings (including regular wages, bonuses and subsidies) depend on the profitability of their danwei. Results show that the financial situation of the danwei is one of the most important determinants of earnings in today’s urban China. Furthermore, the importance of danwei profitability does not vary by city or by employment sector. PMID:20445771

  8. Earnings among young and mature Danish university graduates

    DEFF Research Database (Denmark)

    Klausen, Trond Beldo

    2016-01-01

    for a longer period of time and to control for more labour market-relevant variables than any previous study of graduation age and earnings. The results show that graduation age has either a slightly positive or an insignificant impact on starting wages within the public sector or a negative impact on starting...... wages among private sector employees. This applies to both genders, but the differences are stronger among male employees. The analyses of long-term wages reveal a more homogeneous pattern. Mature graduates earn less in all the years investigated. The wage differences are greatest among male graduates...... employed in private enterprises, and the gap increases throughout their careers....

  9. Banking system reform, earnings quality and credit allocation

    Directory of Open Access Journals (Sweden)

    Xiuli Zhu

    2012-09-01

    Full Text Available This paper investigates credit allocation before and after the 2003 banking system reform in China. We find that relationships between earnings quality and new short-term loans, long-term loans and total loans in listed companies changed significantly after the banking system reform, especially in state-owned listed companies. Further investigation shows that due to the influence of rent-seeking, banks have eased the earnings requirements of non-state-owned listed companies. These findings enhance our understanding of the economic consequences of the banking system reform and of credit discrimination under the new regime.

  10. Banking system reform, earnings quality and credit allocation

    Institute of Scientific and Technical Information of China (English)

    Xiuli Zhu; Lianjun Li; Yunkui Xue

    2012-01-01

    This paper investigates credit allocation before and after the 2003 banking system reform in China. We find that relationships between earnings quality and new short-term loans, long-term loans and total loans in listed companies changed significantly after the banking system reform, especially in stateowned listed companies. Further investigation shows that due to the influence of rent-seeking, banks have eased the earnings requirements of non-stateowned listed companies. These findings enhance our understanding of the economic consequences of the banking system reform and of credit discrimination under the new regime.

  11. Within- and cross-firm mobility and earnings growth

    DEFF Research Database (Denmark)

    Frederiksen, Anders; Halliday, Timothy; Koch, Alexander

    , we show that cross-firm moves at the non-executive level provide sizeable short-run gains (similar to the effect of a promotion), consistent with the existing literature. These gains, however, appear modest when compared with the persistent impact on earnings growth of promotions (either within......While it is well established that both promotions within firms and mobility across firms lead to significant earnings progression, little is known about the interaction between these types of mobility. Exploiting a large Danish panel data set and controlling for unobserved individual heterogeneity...

  12. Dimensions of Well-Being: Earnings, Happiness and Domestic Violence

    OpenAIRE

    CARMO DOS SANTOS, C. A.

    2013-01-01

    This thesis looks at three important aspects of the well-being of individuals. The first chapter looks at earnings and tries to estimate earnings over the life course accounting for selection. It does so by being silent a priori about the relative productivity of those who stay out of work and instead lets the data speak. Data suggest that nonworkers are not always worse than workers, and it also suggests cohort effects are also important when lifecycle profiles do not follow the same people ...

  13. Earnings management: estudo de caso do Banco Nacional Earnings management: Central Bank's case study

    Directory of Open Access Journals (Sweden)

    César Medeiros Cupertino

    2006-08-01

    Full Text Available Este artigo promove um estudo de caso de uma das maiores instituições financeiras brasileiras da década de 90: o Banco Nacional S.A. (BNSA. O BNSA teve sua intervenção decretada pelo Banco Central do Brasil em 1995, após ser identificada a existência de ativos insolventes, originados por gerenciamento fraudulento dos lucros da entidade. O estudo visa investigar a gestão fraudulenta de lucros do Banco Nacional S.A., tanto nos seus aspectos motivadores, quanto em relação aos seus efeitos na composição patrimonial da entidade. A abordagem metodológica contempla: (i pesquisa explicativa, quanto aos objetivos do estudo; (ii estudo de caso, quanto aos procedimentos aplicados e (iii pesquisa qualitativa, quanto à abordagem do problema. Constatou-se que pode haver interesses inconciliáveis entre o agente e o principal, conforme disciplinado pela teoria da agência. O artigo, ainda, ressalta a importância do conhecimento dos dados financeiros na identificação dos fatos de interesse, dos ajustes pertinentes e da correta evidenciação da situação patrimonial da entidade.This paper features a case study of one of the main Brazilian banks of the 90's: Banco Nacional S/A (BNSA. The bank had its intervention decreed by Central Bank of Brazil in 1995, after the existence of insolvent assets, originated by fraudulent earnings management, were identified. The study aims to investigate the fraudulent earnings management of BNSA, both in motivational aspects and in relation of the effects in its balance sheet structure. The methodological approach of the study encompasses: (i an explanatory research, regarding the intended aim of the study; (ii case study, regarding the applied procedures; and (iii a qualitative research, regarding the approach to the problem. It was concluded that irreconcilable conflicts of interest might occur between the agent and the principal, according to the Agency Theory. The paper also emphasizes the importance of

  14. Impact of external job mobility and occupational job mobility on earnings

    Directory of Open Access Journals (Sweden)

    Chan Wai Wong

    2016-11-01

    Originality/value: The findings has also revealed important variables to be included in explaining high skill labor earnings in the context of Malaysian engineers, it serves as an important reference for future in modeling earnings.

  15. Reconsidering the Use of Nonlinearites in Intergenerational Earnings Mobility as a Test for Credit Constraints

    Science.gov (United States)

    Grawe, Nathan D.

    2004-01-01

    The intergenerational earnings regression in Canada suggest that credit limits educational choice. Nonlinearities in earnings regressions cannot be used as evidence of binding credit constraints, and concave regressions do not follow from credit constraints.

  16. Post-Service Earnings of Veterans: Evidence from the Reserves

    Science.gov (United States)

    1991-10-01

    Security Administration Records," American Economic Review (June): 80: 313-336. (1989). "Why Do World War II Veterans Earn More Than Nonveterans...Relations Research Association, pp. 422-431. DeTray, Dennis (1982). "Veteran Status as a Screening Device," American Economic Review (March) 72: 133-142

  17. Mental Illness and Labour Market Outcomes: Employment and Earnings

    DEFF Research Database (Denmark)

    Westergård-Nielsen, Niels Chr.; Agerbo, Esben; Eriksson, Tor Viking

    1999-01-01

    This paper investigates the effect of severe mental illness on the capacity to hold a job and to earn an income. We find that the employment rate is reduced with about 1/3 during the development of the disease. Hospital admission seems to stabilize employment for all diagnoses. The employment rate...

  18. CEO origin and accrual-based earnings management

    NARCIS (Netherlands)

    Y.F. Kuang; B. Qin; J. Wielhouwer

    2014-01-01

    This study examines the influence of CEO origin on accrual-based earnings management and how these effects evolve over the CEO's tenure in office. Compared with CEOs promoted from within the company, CEOs recruited from outside have a stronger incentive to demonstrate their abilities in the initial

  19. Explaining Gender Differences in Earnings in the Microenterprise Sector.

    Science.gov (United States)

    Sanchez, Susana M.; Pagan, Jose A.

    Chapter 5 in "The Economics of Gender in Mexico," presents a study analyzed male-female differences in earnings in rural and urban microenterprises in Mexico. Data were gathered from surveys of 1,944 households in 54 rural communities and 11,461 microenterprise owners in 34 urban areas. Findings indicate that female-headed…

  20. The Motherhood Earnings Dip: Evidence from Administrative Records

    Science.gov (United States)

    Fernandez-Kranz, Daniel; Lacuesta, Aitor; Rodriguez-Planas, Nuria

    2013-01-01

    Using Spanish Social Security records, we document the channels through which mothers fall onto a lower earnings track, such as shifting into part- time work, accumulating lower experience, or transitioning to lower-paying jobs, and are able to explain 71 percent of the unconditional individual fixed- effects motherhood wage gap. The earnings…

  1. Job Mobility and Earnings over the Life Cycle.

    Science.gov (United States)

    Borjas, George J.

    1981-01-01

    The prospect of a job change for any reason creates a disincentive for a worker to invest in training that is specific to the current job, and therefore those who change jobs frequently may earn less over their life cycle than those who, other things equal, seldom change jobs. (Author/CT)

  2. Reconciling Estimates of Earnings Processes in Growth Rates and Levels

    DEFF Research Database (Denmark)

    Daly, Moira; Hryshko, Dmytro; Manovskii, Iourii

    The stochastic process for earnings is the key element of incomplete markets models in modern quantitative macroeconomics. It determines both the equilibrium distributions of endogenous outcomes and the design of optimal policies. Yet, there is no consensus in the literature on the relative...

  3. Rural Earnings Holding Steady in the Early 1990s.

    Science.gov (United States)

    Swaim, Paul

    1995-01-01

    Current Population Survey data indicate an overall decline in the rural-urban pay gap during the early 1990s (due to declining urban wages, not rising rural wages). In 1993, the earnings of 30 percent of rural full-time workers were below the poverty level. Compares low-income workers by gender, age group, education, and race/ethnicity. (LP)

  4. A Price Earnings Index for the Danish Stock Market

    DEFF Research Database (Denmark)

    Risager, Ole

    2004-01-01

    Price-earnings ratios are part of the toolkit that is used for assessing the valuation ofindividual firms on the stock market as well as the entire market itself. This paperpresents consistent P/E series for the liquid Danish shares adjusted for share buybacks.The results show that over the period...

  5. Explaining Gender Differences in Earnings in the Microenterprise Sector.

    Science.gov (United States)

    Sanchez, Susana M.; Pagan, Jose A.

    Chapter 5 in "The Economics of Gender in Mexico," presents a study analyzed male-female differences in earnings in rural and urban microenterprises in Mexico. Data were gathered from surveys of 1,944 households in 54 rural communities and 11,461 microenterprise owners in 34 urban areas. Findings indicate that female-headed microenterprises in…

  6. 26 CFR 1.1502-33 - Earnings and profits.

    Science.gov (United States)

    2010-04-01

    ... stock is not wholly owned by members of the consolidated group immediately after the former common... section apply rather than those of § 1.1502-32(b)(3)(iv)(D). (2) Affiliated earnings and profits. The... stock, the stock is owned for the entire year, S owns no stock of lower-tier members, the tax year...

  7. Psychology Baccalaureates at Work: Major Area Subspecializations, Earnings, and Occupations

    Science.gov (United States)

    Rajecki, D. W.

    2012-01-01

    A Census Bureau national survey identified baccalaureates aged up to 64 years having major area subspecializations labeled "psychology," "industrial/organizational (I/O) psychology," and "counseling psychology." Median 2009 earnings of all such types of baccalaureate psychology alumni were well below the distribution mean of the 153 fields in the…

  8. Rural Earnings Holding Steady in the Early 1990s.

    Science.gov (United States)

    Swaim, Paul

    1995-01-01

    Current Population Survey data indicate an overall decline in the rural-urban pay gap during the early 1990s (due to declining urban wages, not rising rural wages). In 1993, the earnings of 30 percent of rural full-time workers were below the poverty level. Compares low-income workers by gender, age group, education, and race/ethnicity. (LP)

  9. Educators' Degrees Earned on Internet Raise Fraud Issues

    Science.gov (United States)

    Trotter, Andrew

    2004-01-01

    This article discusses how the degrees earned by a dozen educators on the Internet have raised fraud issues. Small firms known as "credential evaluators" help states and school districts detect educators who present phony or flimsy academic credentials from overseas institutions--a safeguard that is becoming more important with the growth of…

  10. Language Fluency and Earnings : Estimation with Misclassified Language Indicators

    NARCIS (Netherlands)

    Dustmann, C.; van Soest, A.H.O.

    1998-01-01

    We use panel data from the German Socio Economic Panel to estimate the determinants of language fluency of immigrants, and its impact on earnings. Self reported measures of language proficiency contain substantial reporting errors. We specify a panel data model which takes explicitly account of misc

  11. Earnings and income inequality in the EU during the crisis

    NARCIS (Netherlands)

    de Beer, P.

    2012-01-01

    The author examines the impact of the economic crisis on employment, earnings, inequality and poverty in the EU, focusing on Denmark, Germany, Slovakia, Spain and the United Kingdom during the period 2008-10. After reviewing the literature, he analyses recent trends, finding that during this stage o

  12. Earnings Management through Goodwill Impairment: CEO and CFO tenure impact

    NARCIS (Netherlands)

    O.V. Visnevskaá (Olga)

    2010-01-01

    textabstractExecutive summary This paper examines the relationship between the extent of goodwill impairment and the properties of CEOs and CFOs of a selection of FTSE Eurotop 100 Index companies. Prior research indicated that it is likely that CEOs tend to take earnings baths early in their tenure,

  13. Do Managers Manipulate Earnings Prior to Management Buyouts?

    NARCIS (Netherlands)

    Mao, Y.; Renneboog, L.D.R.

    2013-01-01

    Abstract: To address the question as to whether managers manipulate accounting numbers downwards prior to management buyouts (MBOs), we implement an industry-adjusted buyout-specific approach and receive an affirmative answer. In UK buyout companies, negative earnings manipulation (understating the

  14. ATRF Earns Three Green Globes, Exceeds NIH Building Standards | Poster

    Science.gov (United States)

    By Ashley DeVine, Staff Writer From project management and energy and water efficiency to emissions and the indoor environment, the Advanced Technology Research Facility (ATRF) was built with sustainability in mind, exceeding the National Institutes of Health’s (NIH’s) building standards and earning three Green Globes from the Green Building Initiative (GBI).

  15. International Financial Reporting Standards and Earnings Management in Latin America

    Directory of Open Access Journals (Sweden)

    Alex Augusto Timm Rathke

    2016-05-01

    Full Text Available This study analyzes the level of earnings management in Latin America after the adoption of the International Financial Reporting Standards (IFRS and analyzes the role of cross-listing in the United States. The literature on earnings management in less developed countries is still under construction, and few studies focus on this issue, especially with respect to Latin America, despite its relevant role in the global economy. This paper fills this gap in the literature as it analyzes the level of IFRS earnings management regarding the first and main Latin American countries applying IFRS (Brazil and Chile, when compared to the main Anglo-Saxon countries with IFRS tradition (United Kingdom and Australia, and with the main Continental European economies (France and Germany. The results show that Latin American firms present a higher level of earnings management than Continental European and Anglo-Saxon firms, and this opportunistic behavior remains significant when only global players with cross-listing in the United States are analyzed. Thus, even with a unique set of high quality accounting standards (IFRS and strong reporting incentives, countries’ specific characteristics still play an important role in the way IFRS is implemented in each country.

  16. Earnings Management through Goodwill Impairment: CEO and CFO tenure impact

    NARCIS (Netherlands)

    O.V. Visnevskaá (Olga)

    2010-01-01

    textabstractExecutive summary This paper examines the relationship between the extent of goodwill impairment and the properties of CEOs and CFOs of a selection of FTSE Eurotop 100 Index companies. Prior research indicated that it is likely that CEOs tend to take earnings baths early in their tenure,

  17. Gender gap in earnings at the industry level

    NARCIS (Netherlands)

    Allen, J; Sanders, K

    In this article the authors seek an answer to the question: does the percentage of women working in an industry have an effect on earnings distinct from the effect of sex at the individual level? On the basis of the 'comparable worth' approach, the authors hypothesized that, controlling for

  18. Do Managers Manipulate Earnings Prior to Management Buyouts?

    NARCIS (Netherlands)

    Mao, Y.; Renneboog, L.D.R.

    2013-01-01

    Abstract: To address the question as to whether managers manipulate accounting numbers downwards prior to management buyouts (MBOs), we implement an industry-adjusted buyout-specific approach and receive an affirmative answer. In UK buyout companies, negative earnings manipulation (understating the

  19. An Investigation into Managers' Language Use in Earnings Press Releases

    Science.gov (United States)

    Riley, Tracey Jean

    2011-01-01

    For years, researchers have examined financial data in corporate earnings announcements and their influence on market participants. More recently, a body of research has been developing recognizing the impact of narrative disclosures and managers' deliberate language choices. However, no prior studies have investigated those language choices of…

  20. 12 CFR 615.5215 - Distribution of earnings.

    Science.gov (United States)

    2010-01-01

    ... POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Capital Adequacy § 615.5215 Distribution of earnings. The boards of directors of System institutions may not reduce the permanent capital of the institution... capital of the institution would fail to meet the minimum permanent capital adequacy standard...

  1. Explaining Gender Differences in Earnings in the Microenterprise Sector.

    Science.gov (United States)

    Sanchez, Susana M.; Pagan, Jose A.

    Chapter 5 in "The Economics of Gender in Mexico," presents a study analyzed male-female differences in earnings in rural and urban microenterprises in Mexico. Data were gathered from surveys of 1,944 households in 54 rural communities and 11,461 microenterprise owners in 34 urban areas. Findings indicate that female-headed…

  2. Audit firm rotation, audit firm tenure and earnings conservatism

    NARCIS (Netherlands)

    Kramer, S.T.; Georgakopoulos, G.; Sotiropoulos, I.; Vasileiou, K.Z.

    2011-01-01

    This study aims to contribute to the debate around the possibility of mandating audit firm rotation. Specifically, it examines conservatism as an attribute of earnings quality, which has not attracted particular attention in the auditor rotation research. Applying regression analyses on a sample,

  3. Psychology Baccalaureates at Work: Major Area Subspecializations, Earnings, and Occupations

    Science.gov (United States)

    Rajecki, D. W.

    2012-01-01

    A Census Bureau national survey identified baccalaureates aged up to 64 years having major area subspecializations labeled "psychology," "industrial/organizational (I/O) psychology," and "counseling psychology." Median 2009 earnings of all such types of baccalaureate psychology alumni were well below the distribution mean of the 153 fields in the…

  4. Estimating the effect of personality on male-female earnings

    NARCIS (Netherlands)

    Mueller, G.; Plug, E.J.S.

    2006-01-01

    The authors adopt the Five-Factor Model of personality structure to explore how personality affected the earnings of a large group of men and women who graduated from Wisconsin high schools in 1957 and were re-interviewed in 1992. All five basic traits--extroversion, agreeableness, conscientiousness

  5. Estimating the Effect of Personality on Male-Female Earnings

    NARCIS (Netherlands)

    G. Mueller; E.J.S. Plug (Erik)

    2004-01-01

    textabstractThis paper uses the Five-Factor Model of personality structure as an organizing framework to explore the effects of personality on earnings. Using data from a longitudinal survey of American high school graduates, we find that extroversion, agreeableness, conscientiousness, neuroticism a

  6. The College Payoff: Education, Occupations, Lifetime Earnings. Executive Summary

    Science.gov (United States)

    Carnevale, Anthony P.; Rose, Stephen J.; Cheah, Ban

    2011-01-01

    Education and earnings interact in complex and often unexpected ways--but there are rules to the game. "The College Payoff," a new paper from the Georgetown University Center on Education and the Workforce, uses in-depth data analysis to identify, illuminate and elucidate those rules. This executive summary provides a glimpse of the education and…

  7. PENGARUH PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP EARNING RESPONSE COEFFICIENT

    Directory of Open Access Journals (Sweden)

    MI Mitha Dwi Restuti

    2012-03-01

    Full Text Available Tujuan penelitian ini adalah untuk mengetahui pengaruh negatif pengungkapan Corporate Sosial Responsibility (CSR disclosure terhadap Earning Response Coefficient (ERC. Alat analisis yang digunakan dalam penelitian ini menggunakan metode analisis regresi berganda.Sampel yang digunakan adalah sebanyak 150 perusahaan yang terdaftar pada Bursa Efek Indonesia pada tahun 2010. Berdasarkan hasil penelitian ditemukan bahwa pengungkapan Corporate Social Responsibility tidak berpengaruh terhadap Earning Response Coefficient (ERC. Hal ini dapat dikatakan bahwa investor belum memperhatikan informasi-informasi sosial yang diungkapkan dalam laporan tahunan perusahaan sebagai informasi yang dapat mempengaruhi investor dalam melakukan keputusan investasi. Investor masih mengganggap informasi laba lebih bermanfaat dalam menilai perusahaan dan dianggap lebih mampu memberikan informasi untuk mendapatkan return saham yang diharapkan oleh investor dibandingkan dengan informasi sosial yang diungkapkan oleh perusahaan.The purpose of this study is to determine the negative effect of Corporate Social Responsibility disclosure (CSR disclosure of Earnings Response Coefficient (ERC. Multiple regressions were used to analyze the data. The samples were 150 companies listed on the Indonesia Stock Exchange in 2010. Based on the research, the result was the disclosures of Corporate Social Responsibility did not influence Earning Response Coefficient (ECR. It can be said that investors did not pay attention to social information that was disclosed in the company’s annual report as information that could affect investors in making investment decisions. Investor did not consider sosial information; they only consider profit information to assess the company value and their investment return

  8. Gender gap in earnings at the industry level

    NARCIS (Netherlands)

    Allen, J; Sanders, K

    2002-01-01

    In this article the authors seek an answer to the question: does the percentage of women working in an industry have an effect on earnings distinct from the effect of sex at the individual level? On the basis of the 'comparable worth' approach, the authors hypothesized that, controlling for educatio

  9. Corporate Social Responsibility and Earnings Management : Evidence from Asian Economies

    NARCIS (Netherlands)

    Scholtens, Bert; Kang, Feng-Ching

    2013-01-01

    We investigate how earnings management is associated with corporate social responsibility (CSR) and investor protection with 139 firms in ten Asian countries. In Asia, CSR is increasingly attracting attention but the legal system generally is perceived as being poor. We hypothesize that there is an

  10. Mental health, absenteeism and earnings at a large manufacturing worksite.

    Science.gov (United States)

    French, Michael T.; Zarkin, Gary A.

    1998-12-01

    BACKGROUND: A few recent studies have examined the relationship between mental illness and labor market variables. The findings are inconsistent, however, and leave unanswered many questions concerning both the nature and magnitude of the relationship. AIMS OF THE STUDY: A recently available worksite-based data set is analyzed to explore the relationship between symptoms of emotional and psychological problems and employee absenteeism and earnings among employees at a large US worksite. METHODS: The analysis was based on data collected through a random and anonymous survey of workers at a large US manufacturing worksite. Two measures of absenteeism are combined - days absent during the past 30 days due to sickness or injury and days absent during the past 30 days because the employee did not want to be at work - to create both a dichotomous (i.e., ever absent) and a continuous (i.e., number of days absent) absenteeism variable. Annual earnings were measured as personal earnings from the primary job. Various statistical models were tested to determine the independent and joint (with alcohol and illicit drug use) relationship between symptoms of emotional problems and labor market variables. RESULTS: The analysis consistently finds that workers who report symptoms of emotional/psychological problems have higher absenteeism and lower earnings than otherwise similar coworkers. This finding is robust to model specification and to the inclusion of comorbid conditions such as alcohol and illicit drug use. DISCUSSION: This study contributes new information to the literature in this area by estimating the effects of emotional/psychological symptoms on two important labor market variables: absenteeism and earnings. Several specifications of the absenteeism and earnings equations were estimated to test the independent effect of emotional symptoms and the joint effects of emotional symptoms and other comorbid conditions. The results suggest that employers should consider the

  11. Earnings Management Behaviour of Telecom India: A Review of MTNL and Bharti Airtel Ltd.

    OpenAIRE

    Sandeep Goel

    2014-01-01

    Earnings behaviour of the management is the key concern for every shareholder. This has assumed importance on account of increasing number of corporate frauds at the global level. It is identified by the level of accruals exercised by the management as it forms the basis of earnings management. Telecom sector being a part of service sector is more vulnerable to this discretionary earnings behaviour. Therefore, the present paper attempts to highlight earnings management behavior in Indian tele...

  12. Earnings risk and demand for higher education: a cross-section test for Spain

    NARCIS (Netherlands)

    Hartog, J.; Diaz-Serrano, L.

    2003-01-01

    We develop a simple human capital model for optimum schooling length when earnings are stochastic, and highlight the pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and to estimate individual response to earnings risk in

  13. A Study on the Relationship of Earnings and Cash Flows: Evidence of Finance Sector in Iran

    Directory of Open Access Journals (Sweden)

    Mahdi Salehi

    2013-08-01

    Full Text Available The present study is investigating the quality of annual accounting earnings in banking firms that have been listed in Tehran Stock Exchange (TSE and it evaluates the most important information of accounting that is earnings and cash flows. The study also intends to investigate the relationship between earnings and cash flows regarding their relationship with the expected return of stocks and the extent of informing in the analysis of the inevitable return of stocks. The analyses of data during 6 years revealed that the earnings in comparison to the cash flows are very important as they have positive effects on the stock. Moreover, in the case of the relations of earnings and earnings changes with the expected return of stocks and the relation of cash flows and cash flow changes with the expected return of stock, it was found that there is only a meaningful relationship between earning changes and the expected return of stock in banking groups. However, there is no meaningful relationship between earning and cash flows with the expected return of stock. The result was that the informational content test didn’t support the value relation of earning and cash flows. Furthermore, the classifying of information through banking group indicated that the changes of earning was in the first rank and next were earning, the changes of cash flow and cash flows.Keywords: Earnings; Cash flows; expected return; Value relevance; Banking risks

  14. Autonomy, Dependence, or Display? The Relationship between Married Women's Earnings and Housework

    Science.gov (United States)

    Gupta, Sanjiv

    2007-01-01

    I argue that both the dominant models of the relationship between earnings and housework, economic dependence and gender display, have fundamental defects. They focus on the effect of women's earnings compared to their husbands' on their housework and ignore the possibility of an independent relationship between women's own earnings and their time…

  15. 28 CFR 523.32 - How much DCEGT can I earn?

    Science.gov (United States)

    2010-07-01

    ... 28 Judicial Administration 2 2010-07-01 2010-07-01 false How much DCEGT can I earn? 523.32 Section 523.32 Judicial Administration BUREAU OF PRISONS, DEPARTMENT OF JUSTICE INMATE ADMISSION... How much DCEGT can I earn? (a) You can earn 5 days DCEGT for each month you were enrolled in a...

  16. 20 CFR 404.210 - Average-indexed-monthly-earnings method.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 2 2010-04-01 2010-04-01 false Average-indexed-monthly-earnings method. 404... DISABILITY INSURANCE (1950- ) Computing Primary Insurance Amounts Average-Indexed-Monthly-Earnings Method of Computing Primary Insurance Amounts § 404.210 Average-indexed-monthly-earnings method. (a) Who is...

  17. 20 CFR 404.1574a - When and how we will average your earnings.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 2 2010-04-01 2010-04-01 false When and how we will average your earnings... Activity § 404.1574a When and how we will average your earnings. (a) If your work as an employee or as a... has been no change in the substantial gainful activity earnings levels, we will average your...

  18. 20 CFR 416.974a - When and how we will average your earnings.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 2 2010-04-01 2010-04-01 false When and how we will average your earnings... Activity § 416.974a When and how we will average your earnings. (a) To determine your initial eligibility for benefits, we will average any earnings you make during the month you file for benefits and...

  19. 5 CFR 839.1003 - How will OPM compute the amount of lost earnings?

    Science.gov (United States)

    2010-01-01

    ... earnings? 839.1003 Section 839.1003 Administrative Personnel OFFICE OF PERSONNEL MANAGEMENT (CONTINUED... computed in accordance with the Board's lost earnings regulations (5 CFR 1606 of chapter VI). However, the... ERRONEOUS RETIREMENT COVERAGE CORRECTIONS ACT Lost Earnings for Certain Make-up Contributions to the...

  20. 5 CFR 842.505 - Reduction in annuity supplement because of excess earnings.

    Science.gov (United States)

    2010-01-01

    ... of excess earnings. 842.505 Section 842.505 Administrative Personnel OFFICE OF PERSONNEL MANAGEMENT... Supplement § 842.505 Reduction in annuity supplement because of excess earnings. (a)(1) Except as provided in... excess earnings in the test year, divided by twelve. (2) Any annuity supplement payable during the...

  1. 5 CFR 630.202 - Full biweekly pay period; leave earnings.

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 1 2010-01-01 2010-01-01 false Full biweekly pay period; leave earnings. 630.202 Section 630.202 Administrative Personnel OFFICE OF PERSONNEL MANAGEMENT CIVIL SERVICE... biweekly pay period; leave earnings. (a) Full-time employees. A full-time employee earns leave during...

  2. 18 CFR 367.4390 - Account 439, Adjustments to retained earnings.

    Science.gov (United States)

    2010-04-01

    ... 18 Conservation of Power and Water Resources 1 2010-04-01 2010-04-01 false Account 439, Adjustments to retained earnings. 367.4390 Section 367.4390 Conservation of Power and Water Resources FEDERAL... NATURAL GAS ACT Retained Earnings Accounts § 367.4390 Account 439, Adjustments to retained earnings. (a...

  3. 20 CFR 404.452 - Reports to Social Security Administration of earnings; wages; net earnings from self-employment.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 2 2010-04-01 2010-04-01 false Reports to Social Security Administration of...; and Nonpayments of Benefits § 404.452 Reports to Social Security Administration of earnings; wages... writing and must be filed at a Social Security Administration office before your report is due....

  4. The influence of enterprise resource planning (ERP) systems' performance on earnings management

    Science.gov (United States)

    Tsai, Wen-Hsien; Lee, Kuen-Chang; Liu, Jau-Yang; Lin, Sin-Jin; Chou, Yu-Wei

    2012-11-01

    We analyse whether there is a linkage between performance measures of enterprise resource planning (ERP) systems and earnings management. We find that earnings management decreases with the higher performance of ERP systems. The empirical result is as expected. We further analyse how the dimension of the DeLone and McLean model of information systems success affects earnings management. We find that the relationship between the performance of ERP systems and earnings management depends on System Quality after ERP implementation. The more System Quality improves, the more earnings management is reduced.

  5. Political economy of family life: couple's earnings, welfare regime and union dissolution.

    Science.gov (United States)

    Kaplan, Amit; Stier, Haya

    2017-01-01

    This study examines how institutional settings moderate the relation of couples' relative and absolute earnings to the likelihood of union dissolution. Based on ECHP data, it covers 12 countries in four welfare regimes. The relationship between a couple's economic dependence and the likelihood of union dissolution were found to differ across regimes. With regard to relative earnings, equality in earnings lowered the risk of separation only in regimes characterized by a high degree of defamilialization, through either the state or the market. As for absolute earnings, women's and men's earnings were significantly related to the risk of union dissolution only in regimes where state defamilialization is low.

  6. Corporate Social Responsibility Reporting and Earnings Management: The Role of Political Costs

    Directory of Open Access Journals (Sweden)

    Erica Yip

    2011-09-01

    Full Text Available Recently, Francis, Nanda and Olsson (2008 proposed that earnings quality influence firms’ disclosure decisions. We examine whether Corporate Social Responsibility (CSR disclosure is related to earnings management and if the relationship is mitigated by political cost considerations or by the firm’s ethical predisposition. We argue that the relationship between CSR reporting and earnings management is context-specific and we consider one particular context, the political environment. We test our hypotheses by regressing earnings management on CSR disclosure while controlling for other factors that may affect the level of earnings management. We find a significant relationship between CSR reporting and earnings management, and more specifically, we find evidence of a negative (complementary relationship in the oil and gas industry while we find evidence of a positive (substitutive relationship in the food industry. The evidence supports the view that the relationship between CSR reporting and earnings management is affected by the political environment and not by ethical considerations.

  7. The Effect of Board Independence on the Earnings Quality: Evidence from Portuguese Listed Companies

    Directory of Open Access Journals (Sweden)

    Sandra Alves

    2014-09-01

    Full Text Available Agency theory suggests that independent outside board members may have an important monitoring function of the financial reporting process. As a result, boards with more independent directors have a tendency for increased monitoring and are therefore expected to insist on better earnings quality. This study examines whether board independence improves earnings quality by reducing earnings management in Portugal, a country with significantly different institutional and legal characteristics from the Anglo-Saxon countries. Using ordinary least square (OLS and two stage least squares (2SLS techniques to control potential simultaneity problems between board independence and earnings quality, we find evidence that independent board members improve earnings quality by reducing earnings management for a sample of Portuguese listed firms. This result suggests that strengthening the independence of boards by appointing more independent board members is a positive step toward improving earnings quality.

  8. EARNING MANAGEMENT, STOCK RETURN AND COMPANIES’ MERGER AND ACQUISITION

    Directory of Open Access Journals (Sweden)

    Sigit Handoyo

    2017-03-01

    Full Text Available The purpose of this study was to find out the practice earning management before merger and acquisitionannouncement. It also aimed to examine the differences of stock return before and after merger and acquisitionannouncement among companies that were listed on Indonesia stock exchange. The samples were 35 companiesthat did merger and acquisition and listed in Indonesia Stock Exchange (IDX period 2004–2013. Then, thedata analysis was performed by computer statistic program SPSS. These samples were selected by usingpurposive sampling method. Analysis hypothesis used Independent sample t-test and Wilcoxon sign rankstest. The result of independent sample t-test showed that the companies tended to do earning managementbefore merger and acquisitions. While the result of Wilcoxon signed ranks test showed that there was nodifference between stock return before and after merger and acquisition announcement.

  9. Detectando Earnings management no Brasil: estimando os accruals discricionários Detecting Earnings management in Brazil: estimating discretionary accruals

    Directory of Open Access Journals (Sweden)

    Antonio Lopo Martinez

    2008-04-01

    Full Text Available Este artigo analisa os modelos clássicos existentes na literatura acadêmica internacional para estimar os accruals discricionários, que são uma proxy empírica para detectar Earnings Manangement. Adicionalmente, evidencia que as Cias. Brasileiras "gerenciam" os seus resultados contábeis como resposta a estímulos do mercado de capitais. O primeiro passo é elucidar o significado de alguns conceitos relevantes tais como: accruals totais e accruals discricionários. Posteriormente, após uma análise crítica dos principais modelos de accruals agregados, implementar no contexto de empresas brasileiras, o modelo Kang e Silvaramakrishnan (1995, diagnosticado como o tecnicamente mais acurado para o Brasil. Para atestar a validade do modelo aplicado, investigamse circunstâncias em que o incentivo para gerenciamento de resultados é particularmente forte. Os resultados corroboram as hipóteses de gerenciamento de resultados para: a Evitar reportar perdas; b Sustentar o desempenho recente e c Piorar o resultado presente em prol de resultados futuros (take a bath.This paper analyzes classic models used in international academic literature to estimate discretionary accruals, which are an empirical proxy to detect earnings management. Additionally, it provides evidence that Brazilian public companies practice earnings management in response to capital market incentives. Initially, some important concepts are clarified, such as accruals and discretionary accruals. After a critical analysis of the main accruals model, the Kang & Silvaramakrishnan model (1995 was implemented in the context of Brazilian companies, which is technically considered the most accurate model for Brazil. To check the robustness of the model, circumstances were investigated where there were strong incentives to practice earnings management. The results confirm the earnings management hypothesis. Evidences were documented that Brazilian public companies manage their earnings to

  10. Geography, business strategy and accruals-based earnings management

    OpenAIRE

    Pak, Mei Sen

    2017-01-01

    Clusters are characterized as geographical concentrations of firms in a similar industry with the benefits of sharing resources and creating better opportunities for innovation. This study examines the effect of geographical cluster’s characteristics – cluster size and cluster knowledge, on the earnings management behavior of firms. Cluster size refers to the industry density of firms in a region, while cluster knowledge is a proxy for innovation activities within the same geographic area. ...

  11. Information Environment, Timing of Annual Reports and Earnings Management

    OpenAIRE

    Wang, Xiongyuan; Zhang, Peng; Gu, Jun

    2009-01-01

    It is widely acknowledged that both timing patterns and the dealings of accruals are essentials for the corporate disclosure, especially for the mandatory ones. While earnings management, a key technology that is widely adapted during this procedure, instead of facilitating its neutral operation, renders private gains. (Schipper, 1989), the strategy of disclosure based on the timing patterns can help the managers to amplify the effect from the good news but to eliminate those from the bad one...

  12. PENGARUH ASSET GROWTH, LEVERAGE DAN EARNING VARIABILITY TERHADAP RISIKO SISTEMATIK

    Directory of Open Access Journals (Sweden)

    Nuryana Nainggolan

    2017-05-01

    Full Text Available Tujuan penelitian ini untuk menentukan pengaruh dari asset growth, leverage and earning variability terhadap risiko sistematik. Populasi dari penelitian ini adalah semua perusahaan manufaktur yang terdaftar dalam Bursa Efek Indonesia berjumlah 140 perusahaan. Pemilihan sampel ini menggunakan metode purposive sampling. Berdasarkan metode ini, diperoleh sampel sebanyak 86 perusahaan. Data dianalisis dengan menggunakan regresi linier dan sebelumnya dilakukan uji asumsi klasik. Temuan dalam penelitian ini menunjukkan bahwa asset growth berpengaruh signifikan terhadap risiko sistematik dan leverage berpengaruh signifikan terhadap risiko sistematik.Earning variability tidak berpengaruh terhadap beta saham hal ini dikarenakan perusahaan dalam menginformasikan kinerja perusahaan kurang terbuka dan relevan. Saran dari penelitian ini yaitu sebelum investor mengambil keputusan investasi saham, sebaiknya investor atau calon investor perlu memperhatikan informasi-informasi yang di prediksi mempunyai pengaruh terhadap risiko sistematik dan peneliti selanjutnya bisa menggunakan faktor-faktor lainnya yang mempengaruhi risiko sistematik. The objective of study is to determine the effect of asset growth, leverage and earning variability on systematic risk. The population in this research is all manufacturing companies which have been listed on Indonesia Stock Exchange it is obtain140 companies. The sampling technique used is purposive sampling. It is to obtain 86 companies that meet the criteria. Data analyzed by using linear-regressions before clasic assumsion. The result showed that was asset growth have significant effect on beta stock and leverage have significant effect on beta stock. Earning variability had no significant effect the beta stock but not welcome and relevand to give information about company performance. Suggestions from this study is before the investors take the stocks investement decisions, we recommended investors or prospective investors

  13. The Post-Military Earnings of Female Veterans

    OpenAIRE

    Stephen L. Mehay; Hirsch, Barry T.

    1996-01-01

    Approved for public release; distribution is unlimited. The civilian labor market performance of women veterans is examined, using both traditional data sets and a special survey of reservists that facilitates control for selection by the military and enlistees. Evidence from all data sets indicates that female veterans possess a higher level of measured earnings endowments than do nonveterans. Moreover, evidence from the reservist survey supports the hypothesis that unobserved ability and...

  14. Trade Union Membership and Earnings in Kenyan Manufacturing Firms

    OpenAIRE

    Manda , Damiano Kulundu; Bigsten, Arne; Mwabu, Germano

    2001-01-01

    This paper analyses the effect of trade unions on earnings in Kenyan manufacturing using a switching regression model, which takes into account endogeneity of union status of workers. In contrast to earlier studies of the Kenyan labour market, which indicate that the union effect on wages is negative, our results show a strong positive trade union effect. We also show that it is workers with relatively weak position in the labour market that joins the union.

  15. Lifetime earnings patterns, the distribution of future Social Security benefits, and the impact of pension reform.

    Science.gov (United States)

    Bosworth, B; Burtless, G; Steuerle, E

    2000-01-01

    In order to assess the effect of Social Security reform on current and future workers, it is essential to accurately characterize the initial situations of representative workers affected by reform. For the purpose of analyzing typical reforms, the most important characteristic of a worker is the level and pattern of his or her preretirement earnings. Under the current system, pensions are determined largely by the level of the workers' earnings averaged over their work life. However, several reform proposals would create individual retirement accounts for which the pension would depend on the investment accumulation within the account. Thus, the pension would also depend on the timing of the contributions into the account and hence on the exact shape of the worker's lifetime earnings profile. Most analysis of the distributional impact of reform has focused, however, on calculating benefit changes among a handful of hypothetical workers whose relative earnings are constant over their work life. The earnings levels are not necessarily chosen to represent the situations of workers who have typical or truly representative earnings patterns. Consequently, the results of such analysis can be misleading, especially if reform involves introducing a fundamentally new kind of pension formula. This article presents two broad approaches to creating representative earnings profiles for policy evaluation. First, we use standard econometric methods to predict future earnings for a representative sample of workers drawn from the Survey of Income and Program Participation (SIPP). Our statistical estimates are based on a simple representation of typical career earnings paths and a fixed-effect statistical specification. Because our estimation file contains information on each worker's annual earnings from 1951 through 1996 as reported in the Social Security Administration's earnings files, we have a record (though an incomplete one) of the actual earnings that will be used to

  16. The Role of Occupational Attainment, Labor Market Structure, and Earnings Inequality on the Relative Earnings of Mexican Americans: 1986-1992.

    Science.gov (United States)

    Pagan, Jose A.; Cardenas, Gilberto

    1997-01-01

    Relative earnings of young Mexican American workers declined during 1986-92, influenced by recession-induced changes in the U.S. earnings structure and new immigration laws. Although Mexican American females experienced significantly greater occupational segregation than males, structural changes in labor demand worked to reduce the gender…

  17. Relations between attachment, resilience, and earned security in Japanese university students.

    Science.gov (United States)

    Shibue, Yuko; Kasai, Makiko

    2014-08-01

    This study investigated the relations between attachment, resilience, and earned security in Japanese university students. It was hypothesized that resilience would have a positive relationship with attachment and that people who had an insecure attachment style but high resilience would also have high earned security. An earned security scale was developed, based on the Naikan thought scale and attachment theory. The earned-security scales, a resilience scale, and an internal working model scale were administered to 343 university students. Three trends were apparent: (1) positive correlations between secure attachment scores and resilience scores; (2) negative correlations between insecure ambivalent attachment scores and resilience scores, but people classified in the ambivalent attachment cluster and high resilience group had higher earned security; and (3) avoidant attachment scores had negligible correlations with resilience and earned security.

  18. PENGARUH PREMANAGED EARNINGS DAN DIVIDEN YANG DIHARAPKAN TERHADAP PRAKTIK MANAJEMEN LABA

    Directory of Open Access Journals (Sweden)

    Rosalia Anita Wibiksono

    2015-06-01

    Full Text Available This study aims to determine whether the companies paying dividend in the previous year (payers are more likely to perform earnings management than companies that do not (non-payers in order to meet the expected dividend. The study also examines the impact of premanaged earnings and expected dividend on earnings management practices. Sample used in this research are manufacturing companies listed in Indonesia Stock Exchange in 2010-2012. The findings suggest that there is a significant negative relationship between premanaged earnings and discretionary accruals, and a significant positive relationship between the expected dividends and discretionary accruals. This study concludes that dividend is important determinant of earnings thresholds. However, dividend is not a unique motivation to perform earnings management.

  19. "Is Earnings of the Sluggish Industries Value-Irrelevant?" (in Japanese)

    OpenAIRE

    Takashi Obinata

    2003-01-01

    This paper investigates whether earnings of the firms, which belong to the sluggish industries under recent recession in Japan, is value relevant. It is often said that, while the relevance of earnings is recently declining, the relevance of book value of equity increases gradually. Moreover, it is sometimes claimed that book value of equity is more value relevant than earnings, especially for the unhealthy firms whose performance is very poor. However, for construction, real estate and comme...

  20. Drivers of Earnings Management and Conservatism in the German Stock Market

    OpenAIRE

    Günther, Nina Angela

    2011-01-01

    The thesis analyzes how IFRS introduction, governance and other firm characteristics influence earnings quality among German listed firms. Results suggest that differences in earnings characteristics among German firms are mainly driven by differences in corporate governance structures, general firm characteristics such as firm size and the respective capital market environment, whereas the adoption of IFRS only shows limited influence. Thereby, family firms exhibit more conservative earnings...

  1. CEO origin, CEO tenure, and earnings quality: empirical evidence from Indonesia

    Directory of Open Access Journals (Sweden)

    Nurmayanti M Poppy

    2017-01-01

    Full Text Available This study examines whether CEO origin and tenure affect earnings quality. Using firms listed in the Indonesia Stock Exchange between 2012 and 2014, we provide evidence that firms with insider CEOs report earnings of higher quality relative to those with outsider CEOs. We further show that as CEO tenure increases and CEOs obtain more experience, the effect of CEO origin on earnings quality becomes less significant.

  2. Causal effects of alcoholism on earnings: estimates from the NLSY.

    Science.gov (United States)

    Jones, Alison Snow; Richmond, David W

    2006-08-01

    Propensity score matching is used to investigate the causal relationship between alcoholism and earnings in a young cohort of males and females drawn from the 1989 and 1994 National Longitudinal Survey of Youth (NLSY) in order to investigate productivity losses attributed to alcoholism and to quantify these effects. Results suggest that there are productivity losses attributable to alcoholism; that they become more pronounced over the life cycle; and that they differ between men and women. Ways in which estimates from propensity score matching may or may not improve on instrumental variables estimates are discussed.

  3. Analysis of Corporate Income Tax Rate Changes and Earnings Management

    OpenAIRE

    Mulyadi, Martin Surya; Anwar, Yunita; Yanny, Lili

    2013-01-01

    Özet: It is known that tax is one of the biggest contributor to state income all over the world. For Indonesia, income tax contribute an average of 36% to the state’s income. With the high contribution of tax, government could adjust the income tax rate in order to increase the tax income. However, the high rate of income tax would have an impact to investment decision as tax will reduce the net income. Usually the taxpayer will apply an earnings management in order to avoid high tax payme...

  4. Estimating Intergenerational Persistence of Lifetime Earnings with Life Course Matching: Evidence from PSID.

    Science.gov (United States)

    Gouskova, Elena; Chiteji, Ngina; Stafford, Frank

    2010-06-01

    Why do estimates of the intergenerational persistence in earnings vary so much for the United States? Recent research suggests that life-cycle bias may be a major factor (Haider and Solon 2006; Grawe 2006). In this paper we estimate the intergenerational correlation in lifetime earnings by using sons' and fathers' earnings at similar ages in order to account for lifecycle bias. Our estimate based on earnings measured at 35-44 for both fathers and sons is similar to that for the age range 45-54.

  5. THE EFFECT OF COMPANY DIVERSIFICATION TOWARDS EARNING MANAGEMENT MODERATED BY MANAGERIAL OWNERSHIP

    Directory of Open Access Journals (Sweden)

    Ratih Kusumaningtyas

    2015-09-01

    Full Text Available This study aims to examine the effect of diversification towards earnings management moderated by managerial ownership. The sample in this research is 48 manufacturing companies listed in Indonesian Stock Exchange period 2009- 2013. Purposive sampling was utilized as a sampling technique in this study. This research used moderating regression analysis to examine the proposed of hypothesis. The result found that diversification has significant positive effect on earnings management. Managerial ownership also has significant positive effect in moderating the relationship between corporate diversification with earnings management. While the three control variables such as company size (size, the company’s growth (growth and leverage have no significant effect on earnings management.

  6. Immigrant-Native Differences in Earnings Mobility Processes: Evidence from Canadian and Danish Data

    DEFF Research Database (Denmark)

    Ahmad, Nisar; Esmaeilzadeh, Rayhaneh

    This study compares the earnings mobility between immigrants and natives within and between Denmark and Canada. Both countries have different labour market conditions and immigration history which leads to an interesting comparison of earning mobility processes. The paper employs a dynamic...... multinomial logit model with discrete factor approximation for the specification of unobserved individual heterogeneity. The model takes into account the effect of the endogenous initial conditions problem and unobserved heterogeneity to separate structural and spurious state dependence. The results show...... that immigrants-native differences in earnings mobility, structural state dependence, and segmentation of earnings distribution are relatively more prominent in Denmark compared to Canada....

  7. IFRS ADOPTION AND EARNINGS MANAGEMENT: MODERATING ROLE OF INSTITUTIONAL OWNERSHIP IN NIGERIA

    National Research Council Canada - National Science Library

    Musa Nura Dakata; Kamardin Hasn

    2016-01-01

    ...) to the international financial reporting standards (IFRS). However, it is been debated without consensus whether the adoption of the IFRS lead to the reduction of opportunistic earnings management...

  8.  Debates and studies on earnings management: a geographical perspective

    Directory of Open Access Journals (Sweden)

    Susana Callao

    2014-04-01

    Full Text Available  Earnings management has received considerable attention in the accounting literature. However some aspects and environments are still unexplored. We present the debates on this subject: real transactions or accounting practices, respecting the rules or crossing the boundaries, efficient or opportunistic earnings management. Based on diligent investigation of more than two hundred papers, we present the evolution of the earnings management concept and present our own definition. Finally, we conduct a literature review on earnings management from a geographical perspective.

  9. The Public Earnings Premium in a Mineral Rich Economy: New Piece in the Puzzle

    Directory of Open Access Journals (Sweden)

    Usamah Alfarhan

    2015-02-01

    Full Text Available This paper addresses the determination of sector earnings and the public earnings premium in Saudi Arabia. It uses a primary cross section of individuals collected in 2013, and employs the Oaxaca-Blinder decomposition methodology to show whether the observed sectoral earnings' differential is explained by differences in workers' characteristics or by a favorable public wage structure. While controlling for selection, the paper shows that public workers are better endowed rather than overpaid by a wealthy state. This finding suggests that, contrary to the general belief, the determination of public earnings does not contradict active labor market policies designed to encourage private sector employment of locals.

  10. Stratified patterns of divorce: Earnings, education, and gender

    Directory of Open Access Journals (Sweden)

    Amit Kaplan

    2015-05-01

    Full Text Available Background: Despite evidence that divorce has become more prevalent among weaker socioeconomic groups, knowledge about the stratification aspects of divorce in Israel is lacking. Moreover, although scholarly debate recognizes the importance of stratificational positions with respect to divorce, less attention has been given to the interactions between them. Objective: Our aim is to examine the relationship between social inequality and divorce, focusing on how household income, education, employment stability, relative earnings, and the intersection between them affect the risk of divorce in Israel. Methods: The data is derived from combined census files for 1995-2008, annual administrative employment records from the National Insurance Institute and the Tax Authority, and data from the Civil Registry of Divorce. We used a series of discrete-time event-history analysis models for marital dissolution. Results: Couples in lower socioeconomic positions had a higher risk of divorce in Israel. Higher education in general, and homogamy in terms of higher education (both spouses have degrees in particular, decreased the risk of divorce. The wife's relative earnings had a differential effect on the likelihood of divorce, depending on household income: a wife who outearned her husband increased the log odds of divorce more in the upper tertiles than in the lower tertile. Conclusions: Our study shows that divorce indeed has a stratified pattern and that weaker socioeconomic groups experience the highest levels of divorce. Gender inequality within couples intersects with the household's economic and educational resources.

  11. IFRS ADOPTION AND EARNINGS MANAGEMENT IN BRAZILIAN PUBLICLY TRADED COMPANIES

    Directory of Open Access Journals (Sweden)

    Roberto Midoguti Joia

    2014-03-01

    Full Text Available In 2007, Brazil adopted the International Financial Reporting Standards (IFRS. Studies involving publicly traded companies in different countries around the world indicate that these new standards tend to improve the information quality and make it more comparable and transparent. This study was aimed at verifying any changes in the earnings management levels after 2010 and whether this happened in function of the full adoption of the IFRS by the Brazilian publicly traded companies (except for financial institutions. The data were extracted from the three-monthly financial statements of the databases from Economática and the Brazilian Securities Commission for the period from 2006 till 2011. To achieve the research objectives, two tests were applied. The first showed that the average discretionary accruals, calculated through the Modified Jones Model, were lower after 2010. Next, the regression analysis was elaborated, using panel data with Newey-West’s correction. The results did not confirm the hypothesis that the adoption of the IFRS affected the earnings management level in the period under analysis, but showed that the size and indebtedness significantly explain the discretionary accruals, independently of the adoption of the IFRS. The results suggest that larger companies with a large proportion of own capital tend to produce higher quality reports, independently of the adoption of the IFRS.

  12. Estimating earnings losses due to mental illness: a quantile regression approach.

    Science.gov (United States)

    Marcotte, Dave E; Wilcox-Gök, Virginia

    2003-09-01

    The ability of workers to remain productive and sustain earnings when afflicted with mental illness depends importantly on access to appropriate treatment and on flexibility and support from employers. In the United States there is substantial variation in access to health care and sick leave and other employment flexibilities across the earnings distribution. Consequently, a worker's ability to work and how much his/her earnings are impeded likely depend upon his/her position in the earnings distribution. Because of this, focusing on average earnings losses may provide insufficient information on the impact of mental illness in the labor market. In this paper, we examine the effects of mental illness on earnings by recognizing that effects could vary across the distribution of earnings. Using data from the National Comorbidity Survey, we employ a quantile regression estimator to identify the effects at key points in the earnings distribution. We find that earnings effects vary importantly across the distribution. While average effects are often not large, mental illness more commonly imposes earnings losses at the lower tail of the distribution, especially for women. In only one case do we find an illness to have negative effects across the distribution. Mental illness can have larger negative impacts on economic outcomes than previously estimated, even if those effects are not uniform. Consequently, researchers and policy makers alike should not be placated by findings that mean earnings effects are relatively small. Such estimates miss important features of how and where mental illness is associated with real economic losses for the ill.

  13. Study duration and earnings: A test in relation to the human capital versus screening debate

    NARCIS (Netherlands)

    H. Oosterbeek

    1992-01-01

    In this paper we propose a simple test in relation to the human capital versus screening debate. It is argued that these theories lead to different predictions with respect to the earnings effects of deviations between actual and nominal durations of a study. Earnings and study duration equations ar

  14. The Earnings of Dropouts and High School Enrollments: Evidence from the Coal Boom and Bust.

    Science.gov (United States)

    Black, Dan; Daniel, Kermit; Sanders, Seth

    Economic theory suggests that when the reduction in earnings from dropping out of school is minimal, dropout rates will be high. As earnings loss for dropouts grows, however, the dropout rate should decrease. This chapter examines whether these predicted effects actually occur by looking at changes in dropout rates in Kentucky in the 1970s and…

  15. Changes in Life-Cycle Earnings: What Do Social Security Data Show?

    Science.gov (United States)

    Rosen, Sherwin; Taubman, Paul

    1982-01-01

    A matched sample of Social Security and Current Population Survey records is used to determine life-cycle earnings patterns of White males. Estimated effects of schooling and experience compare well with other studies, but interaction effects with cohort do not. Military experience plays a powerful role in earnings differences across cohorts.…

  16. Business Administration and Computer Science Degrees: Earnings, Job Security, and Job Satisfaction

    Science.gov (United States)

    Mehta, Kamlesh; Uhlig, Ronald

    2017-01-01

    This paper examines the potential of business administration vs. computer science degrees in terms of earnings, job security, and job satisfaction. The paper focuses on earnings potential five years and ten years after the completion of business administration and computer science degrees. Moreover, the paper presents the income changes with…

  17. Self-Selection, Earnings and Chicano Migration: Differences between Return and Onward Migrants.

    Science.gov (United States)

    Shumway, J. Matthew; Hall, Greg

    1996-01-01

    Examines Chicano return migration and earnings differentials between return and onward Chicano migrants by reviewing 1990 Public Use Microdata Sample of the U.S. census. Results indicate that Chicano return migrants have smaller earnings largely due to living in areas with higher concentrations of co-ethnics. Apparently, return migrants are…

  18. Annual Earnings of Household Heads in Production Jobs, 1973. Summary: Special Labor Force Report.

    Science.gov (United States)

    Department of Labor, Washington, DC.

    The statistics are based on a household survey, collected annually, and are related to one year's earnings experience of family heads and unrelated individuals. Data show that after-tax earnings for the 30 million persons surveyed rose in 1973 by 5.8 percent but fell 0.4 percent after adjustment for consumer price increases (real after-tax…

  19. Multilevel Analysis of the Effects of Antidiscrimination Policies on Earnings by Sexual Orientation

    Science.gov (United States)

    Klawitter, Marieka

    2011-01-01

    This study uses the 2000 U.S. Census data to assess the impact of antidiscrimination policies for sexual orientation on earnings for gays and lesbians. Using a multilevel model allows estimation of the effects of state and local policies on earnings and of variation in the effects of sexual orientation across local labor markets. The results…

  20. Bank earnings management through loan loss provisions : A double-edged sword?

    NARCIS (Netherlands)

    L. Norden (Lars); A. Stoian (Anamaria)

    2013-01-01

    textabstractWe investigate whether banks use of loan loss provisions (LLPs) to manage the level and volatility of their earnings and examine the implications for bank risk. We find that banks use LLPs to manage the level and volatility of earnings downward when they are abnormally high and when expe

  1. 20 CFR 416.1112 - Earned income we do not count.

    Science.gov (United States)

    2010-04-01

    ... AGED, BLIND, AND DISABLED Income Earned Income § 416.1112 Earned income we do not count. (a) General... income you use to pay impairment-related work expenses described in § 416.976, if you are disabled (but not blind) and under age 65 or you are disabled (but not blind) and received SSI as a...

  2. The Complementarity of Language and Other Human Capital: Immigrant Earnings in Canada. Discussion Paper.

    Science.gov (United States)

    Chiswick, Barry R.; Miller, Paul W.

    This paper analyzes the effects of language practice on earnings among adult male immigrants in Canada using data from the 1991 Census of Canada. It examines whether destination language skills are complements to or substitutes in generating earnings with respect to other kinds of human capital (schooling and pre- and post-migration labor market…

  3. 26 CFR 1.911-3 - Determination of amount of foreign earned income to be excluded.

    Science.gov (United States)

    2010-04-01

    ... United States § 1.911-3 Determination of amount of foreign earned income to be excluded. (a) Definition... attributable to services performed in a foreign country or countries. (b) Definition of earned income—(1) In... country based on the productivity of the employees in that country. M pays a bonus to employees in...

  4. 26 CFR 1.857-7 - Earnings and profits of a real estate investment trust.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 9 2010-04-01 2010-04-01 false Earnings and profits of a real estate investment... (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Real Estate Investment Trusts § 1.857-7 Earnings and profits of a real estate investment trust. (a) Any real estate investment trust whether or not such trust...

  5. Factors Influencing the Earnings Expectations among Macedonian Students: A Comparative Perspective with the EU Students

    Directory of Open Access Journals (Sweden)

    Marija Andonova

    2015-06-01

    Full Text Available The aim of this paper is to assess the earnings expectations of Macedonian students and the main factors that shape their expectations. Previous research has shown that earnings expectation is a major determinant that influences a decision on schooling (Williams and Gordon, 1981; Betts, 1996; Wolter and Zbinden, 2001. Given that the main pathway to developing individual human capital is schooling, learning about factors that affect individual’s decision on whether to acquire more education can contribute towards better educational policy. We employ similar empirical approach as Brunello et al. (2001, 2004. We use available information to regress: i expected future earnings right after university graduation and ii expected future earnings 10 years after graduation, on a set of variables: characteristics of the individual, socio-economic background, field of study, year of study, academic performance, sources of information for future earnings, etc. Our findings show that expected earnings are significantly correlated with the education of the father, year of study, sources of information on earnings in the labor market, gender, ethnicity, having a regular job during studies, perceived employability, field of study, and the country of future employment. In other words, Macedonian students form their earnings expectations in a similar vein as their European counterparts.

  6. Does Human Capital Investment Impact the Earning Mobility of the Near Poor?

    Science.gov (United States)

    Karasik, Bradley

    2012-01-01

    This secondary analysis of the earning mobility of the near poor examined the impact of human capital investment on the earning mobility of the near poor between 2005 and 2009. The theory framing this study is Human Capital Theory (Shultz, 1961). Other demographic and socioeconomic variables were included in this study to further explore factors…

  7. Share price reaction to earnings announcement on the JSE-ALtX: A ...

    African Journals Online (AJOL)

    efficient market hypothesis, earnings announcement, capital asset pricing model .... (2009) posit that PEAD is prevalent mainly in stocks that are relatively .... Abnormal volatility in the days surrounding earnings announcements, which ...... form efficiency of Asian emerging stock markets', Journal of International Financial.

  8. Field of Study in College and Lifetime Earnings in the United States

    Science.gov (United States)

    Kim, ChangHwan; Tamborini, Christopher R.; Sakamoto, Arthur

    2015-01-01

    Our understanding about the relationship between education and lifetime earnings often neglects differences by field of study. Utilizing data that match respondents in the Survey of Income and Program Participation to their longitudinal earnings records based on administrative tax information, we investigate the trajectories of annual earnings…

  9. 48 CFR 352.234-3 - Full earned value management system.

    Science.gov (United States)

    2010-10-01

    ... management system. 352.234-3 Section 352.234-3 Federal Acquisition Regulations System HEALTH AND HUMAN....234-3 Full earned value management system. As prescribed in 334.203-70(c), the Contracting Officer shall insert the following clause: Full Earned Value Management System (October 2008) (a) The...

  10. 48 CFR 352.234-4 - Partial earned value management system.

    Science.gov (United States)

    2010-10-01

    ... management system. 352.234-4 Section 352.234-4 Federal Acquisition Regulations System HEALTH AND HUMAN....234-4 Partial earned value management system. As prescribed in 334.203-70(d), the Contracting Officer shall insert the following clause: Partial Earned Value Management System (October 2008) (a)...

  11. Is the Gap More than Gender? A Longitudinal Analysis of Gender, Gender Role Orientation, and Earnings

    Science.gov (United States)

    Judge, Timothy A.; Livingston, Beth A.

    2008-01-01

    This study investigated the relationships among gender, gender role orientation (i.e., attitudes toward the gendered separation of roles at work and at home), and earnings. A multilevel model was conceptualized in which gender role orientation and earnings were within-individual variables that fluctuate over time (although predictors of…

  12. 20 CFR 225.23 - Combined Earnings PIA used in survivor annuities.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 1 2010-04-01 2010-04-01 false Combined Earnings PIA used in survivor... RAILROAD RETIREMENT ACT PRIMARY INSURANCE AMOUNT DETERMINATIONS PIA's Used in Computing Survivor Annuities and the Amount of the Residual Lump-Sum Payable § 225.23 Combined Earnings PIA used in...

  13. 20 CFR 225.25 - RR Earnings PIA used in survivor annuities.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 1 2010-04-01 2010-04-01 false RR Earnings PIA used in survivor annuities... RETIREMENT ACT PRIMARY INSURANCE AMOUNT DETERMINATIONS PIA's Used in Computing Survivor Annuities and the Amount of the Residual Lump-Sum Payable § 225.25 RR Earnings PIA used in survivor annuities. The...

  14. 20 CFR 225.24 - SS Earnings PIA used in survivor annuities.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 1 2010-04-01 2010-04-01 false SS Earnings PIA used in survivor annuities... RETIREMENT ACT PRIMARY INSURANCE AMOUNT DETERMINATIONS PIA's Used in Computing Survivor Annuities and the Amount of the Residual Lump-Sum Payable § 225.24 SS Earnings PIA used in survivor annuities. The...

  15. Measurement error in earnings data : Using a mixture model approach to combine survey and register data

    NARCIS (Netherlands)

    Meijer, E.; Rohwedder, S.; Wansbeek, T.J.

    2012-01-01

    Survey data on earnings tend to contain measurement error. Administrative data are superior in principle, but are worthless in case of a mismatch. We develop methods for prediction in mixture factor analysis models that combine both data sources to arrive at a single earnings figure. We apply the me

  16. Listed companies’ income tax planning and earnings management: Based on China’s capital market

    Directory of Open Access Journals (Sweden)

    Nanwei Hu

    2015-04-01

    Full Text Available Purpose: The Ministry of Finance issued the new China accounting standards on February 15, 2006(CAS2006, which require the listed companies to use the balance sheet liability method for the income tax accounting. Thus, it give us an opportunity to investigate the earnings management of listed companies from the perspective of income tax. Under the balance sheet liability method, because conforming earnings management strategies and nonconforming earnings management strategies have different income tax cost and the current income payable will also vary, the listed companies need to choose conforming earnings management and nonconforming earnings management. Our research just try to investigate the relationship between the listed companies’ income tax planning and earnings management on the background of this new system.Design/methodology/approach: Our research approach combines theoretical analysis and empirical analysis. This paper first make a deep theoretical analysis on the listed companies’ choice between pretax earnings management activities that have current income tax consequences (book-tax ‘conforming earnings management’ and earnings management activities that do not have current income tax consequences (book-tax ‘nonconforming earnings management’,and then we exemplify our theory. Next, we come up with two hypotheses based on the theoretical analysis, build up a restatement model and conduct the empirical examination. The empirical analysis employs the method of descriptive statistics and logistic regression.Findings: When engaging in earnings management, listed companies will trade off conforming and nonconforming earnings management from the perspective of income tax cost. We find that managers’ motivations and purposes will influence the choice. On the one hand, when companies are facing the punishment of the suspension or termination of the listing for three consecutive losses, they will have a great incentive to

  17. Is the Gap More than Gender? A Longitudinal Analysis of Gender, Gender Role Orientation, and Earnings

    Science.gov (United States)

    Judge, Timothy A.; Livingston, Beth A.

    2008-01-01

    This study investigated the relationships among gender, gender role orientation (i.e., attitudes toward the gendered separation of roles at work and at home), and earnings. A multilevel model was conceptualized in which gender role orientation and earnings were within-individual variables that fluctuate over time (although predictors of…

  18. Sex-Composition of Occupation and the Determinants of Women's Earnings.

    Science.gov (United States)

    Abrams, Doris L.

    A study examined the impact of sex composition of occupation on women's earnings and the structure of wage determination in "masculine" and "feminine" occupations. Data--a national sample of women--came from the Project Talent Data Bank. Results indicated that, overall, women in "masculine" occupations earned approximately 42% more annually than…

  19. Real economic activity and earnings management from a cross-country perspective

    NARCIS (Netherlands)

    R. Tylsch (Romy)

    2009-01-01

    textabstractThis paper provides empirical evidence on differences in the extent of earnings management across countries. I use an earnings management detection model developed by Leuz et al. (2003) to determine this extent in Germany, Japan, and the USA. Based on previous research, I hypothesize due

  20. Real economic activity and earnings management from a cross-country perspective

    NARCIS (Netherlands)

    R. Tylsch (Romy)

    2009-01-01

    textabstractThis paper provides empirical evidence on differences in the extent of earnings management across countries. I use an earnings management detection model developed by Leuz et al. (2003) to determine this extent in Germany, Japan, and the USA. Based on previous research, I hypothesize due

  1. 26 CFR 1.1402(a)-1 - Definition of net earnings from self-employment.

    Science.gov (United States)

    2010-04-01

    ..., inclusive, the term “net earnings from self-employment” means: (1) The gross income derived by an individual... 26 Internal Revenue 12 2010-04-01 2010-04-01 false Definition of net earnings from self-employment... TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Tax on Self-Employment Income §...

  2. Universities Report $1.8-Billion in Earnings on Inventions in 2011

    Science.gov (United States)

    Blumenstyk, Goldie

    2012-01-01

    Universities and their inventors earned more than $1.8-billion from commercializing their academic research in the 2011 fiscal year, collecting royalties from new breeds of wheat, from a new drug for the treatment of HIV, and from longstanding arrangements over enduring products like Gatorade. Northwestern University earned the most of any…

  3. Is Economics a Good Major for Future Lawyers? Evidence from Earnings Data

    Science.gov (United States)

    Winters, John V.

    2016-01-01

    This study reports descriptive data on earnings differences for practicing lawyers by undergraduate major with a focus on economics majors. Some majors do much better than others. Economics majors tend to do very well in both median and mean earnings. Electrical engineering, accounting, finance, and some other majors also do relatively well. This…

  4. 5 CFR 2636.304 - The 15 percent limitation on outside earned income.

    Science.gov (United States)

    2010-01-01

    ... ETHICS LIMITATIONS ON OUTSIDE EARNED INCOME, EMPLOYMENT AND AFFILIATIONS FOR CERTAIN NONCAREER EMPLOYEES Outside Earned Income Limitation and Employment and Affiliation Restrictions Applicable to Certain... calendar year which exceeds 15 percent of the annual rate of basic pay for level II of the...

  5. Is Economics a Good Major for Future Lawyers? Evidence from Earnings Data

    Science.gov (United States)

    Winters, John V.

    2016-01-01

    This study reports descriptive data on earnings differences for practicing lawyers by undergraduate major with a focus on economics majors. Some majors do much better than others. Economics majors tend to do very well in both median and mean earnings. Electrical engineering, accounting, finance, and some other majors also do relatively well. This…

  6. An Inquiry into the Relationship between Projected Changes in Earnings per Share and Subsequent Security Performance.

    Science.gov (United States)

    Barbee, William C., Jr.

    The purpose of this study was to examine the variable of estimated earnings in order to determine how forecasts might be utilized to develop a securities portfolio strategy. The hypothesis stated that there is an inverse relationship between projected change in earnings per share and security performance. Ninety-one New York Stock Exchange…

  7. DETECTING ASSET IMPAIRMENT EARNINGS MANAGEMENT ON IFRS CONTEXT: SOME EVIDENCE FROM GREEK LISTED COMPANIES

    Directory of Open Access Journals (Sweden)

    Ekaterini C. Laskaridou

    2014-01-01

    Full Text Available The purpose of this study is two fold: (a to bring on issues of asset impairment manipulation in the IFRS context (b to examine, any statistical inference validating impairment discretionary charges and firms’ earning experience. The Impairment Accounting Standard (IAS 36, enters new requirements for asset impairment provided to satisfying accrued loss amounts. Earning Management through the use of asset impairments within constrains of taking accounting process results to income manipulation representing (a an external demand to meet earnings forecasts (b internal demand for communicating board’ level performance. We expect to present a critical view of the earnings discretion and provide an answer on the prevailing content of asset impairment. The sample constituted of 236 firms, listed in the Greek Stock Exchange Market on the basis of impairment observations. We analyze the earnings levels for impairer companies, for 2004-2012 years. Findings suggest (a firms recording impairment charges possess lower earnings than do their counterparts not recording write downs and (b the impairment losses are likely reported as timely opportunity to taking “big bath” and increasing future earnings. However we estimate that Greek firms’ operating performance is engaged to earning adjustments on (a taxable environment and (b new accounting rules liable to income strategies."

  8. 29 CFR 548.303 - Average earnings for each type of work.

    Science.gov (United States)

    2010-07-01

    ... 29 Labor 3 2010-07-01 2010-07-01 false Average earnings for each type of work. 548.303 Section 548... Basic Rates § 548.303 Average earnings for each type of work. (a) Section 548.3(c) authorizes as an... such average is regularly computed under the agreement or understanding. Such a rate may be used...

  9. 29 CFR 548.302 - Average earnings for period other than a workweek.

    Science.gov (United States)

    2010-07-01

    ... 29 Labor 3 2010-07-01 2010-07-01 false Average earnings for period other than a workweek. 548.302... Authorized Basic Rates § 548.302 Average earnings for period other than a workweek. (a) Section 548.3(b... days for which such average is regularly computed under the agreement or understanding. Such a rate...

  10. Evolution of Earnings and Rates of Returns to Education in Mexico.

    Science.gov (United States)

    Lopez-Acevedo, Gladys

    This paper reviews the factors and mechanisms that have been driving inequality in Mexico and finds that educational inequality accounts for by far the largest share of Mexico's variation in earnings inequality. More specifically, it examines the expansion in earnings inequality with emphasis on the role of education, establishes an analytical…

  11. Associations of serious mental illness with earnings: results from the WHO World Mental Health surveys

    Science.gov (United States)

    Levinson, Daphna; Lakoma, Matthew D.; Petukhova, Maria; Schoenbaum, Michael; Zaslavsky, Alan M.; Angermeyer, Matthias; Borges, Guilherme; Bruffaerts, Ronny; de Girolamo, Giovanni; de Graaf, Ron; Gureje, Oye; Haro, Josep Maria; Hu, Chiyi; Karam, Aimee N.; Kawakami, Norito; Lee, Sing; Lepine, Jean-Pierre; Browne, Mark Oakley; Okoliyski, Michail; Posada-Villa, José; Sagar, Rajesh; Viana, Maria Carmen; Williams, David R.; Kessler, Ronald C.

    2010-01-01

    Background Burden-of-illness data, which are often used in setting healthcare policy-spending priorities, are unavailable for mental disorders in most countries. Aims To examine one central aspect of illness burden, the association of serious mental illness with earnings, in the World Health Organization (WHO) World Mental Health (WMH) Surveys. Method The WMH Surveys were carried out in 10 high-income and 9 low- and middle-income countries. The associations of personal earnings with serious mental illness were estimated. Results Respondents with serious mental illness earned on average a third less than median earnings, with no significant between-country differences (χ2(9) = 5.5–8.1, P = 0.52–0.79). These losses are equivalent to 0.3–0.8% of total national earnings. Reduced earnings among those with earnings and the increased probability of not earning are both important components of these associations. Conclusions These results add to a growing body of evidence that mental disorders have high societal costs. Decisions about healthcare resource allocation should take these costs into consideration. PMID:20679263

  12. 26 CFR 1.312-15 - Effect of depreciation on earnings and profits.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 4 2010-04-01 2010-04-01 false Effect of depreciation on earnings and profits... (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Effects on Corporation § 1.312-15 Effect of depreciation on earnings and profits. (a) Depreciation for taxable years beginning after June 30, 1972—(1) In...

  13. Multilevel Analysis of the Effects of Antidiscrimination Policies on Earnings by Sexual Orientation

    Science.gov (United States)

    Klawitter, Marieka

    2011-01-01

    This study uses the 2000 U.S. Census data to assess the impact of antidiscrimination policies for sexual orientation on earnings for gays and lesbians. Using a multilevel model allows estimation of the effects of state and local policies on earnings and of variation in the effects of sexual orientation across local labor markets. The results…

  14. The impact of computer use on earnings in a developing country: evidence from Ecuador

    NARCIS (Netherlands)

    Oosterbeek, H.; Ponce, J.

    2011-01-01

    This paper examines the earnings premium to computer use in a developing country: Ecuador. We use different approaches to examine whether the premium is causal. Controlling for an extensive set of observables, we find an earnings difference between users and non-users of around 20%. Using first

  15. A study on relationship between audit quality and earnings management in Iranian banking industry

    Directory of Open Access Journals (Sweden)

    Mohammad Masihi

    2013-12-01

    Full Text Available This paper presents an empirical investigation to study the relationship between audit quality and earnings management in Iranian banking industry. The proposed study gathers the necessary information from 18 different Iranian banks over the period 2005-2012. The study considers the effects of three independent variables including type of auditing, tenure of auditing and size of bank on earning managements. The result of our survey has indicated that there was a meaningful and reverse relationship between type of accounting and earnings management. In addition, the longer an auditing firm perform auditing program, the better the firm reports earnings management. Finally, as the size of firm increases, there is a better earnings management.

  16. Executive stock options and earnings management in the portuguese listed companies

    Directory of Open Access Journals (Sweden)

    Sandra Alves

    2012-07-01

    Full Text Available Theoretically, executive stock options align managers’ and shareholders’ interests. However, previous studies have indicated that stock options may engender manager-shareholder conflicts (Jensen, 2005 and create incentives for earnings management (e.g. Jensen, Murphy and Wruck, 2004; Burns and Kedia, 2006; Efendi, Srivastava and Swanson, 2007. Therefore, this paper examines the implications of stock option grants on earnings management. In particular, we address the following question: Does stock options grant induce incentives for earnings management? Using a sample of 33 non-financial listed Portuguese firms-year from 2003 to 2010, we find that managers are more likely to engage in earnings management when they hold stock options. This study suggests that stock options may not always be effective in aligning the interests of managers and shareholders. Rather, executive stock options seem to affect the informational quality of earnings negatively, and consequently reduce the quality and value relevance of published financial data.

  17. Annual earnings announcements and market reaction: The case of a small capital market

    DEFF Research Database (Denmark)

    Lønroth, Helle Langhoff; Møller, Peder Fredslund; Thinggaard, Frank

    suggest that only a model based on reported IBES-estimates of earnings per share shortly before earnings release is descriptive of the market´s expectations. Some of these findings contradict the results in the only published 17 year old Danish event study on annual earnings announcements......A rich body of evidence exists on the relationship between security returns and corporate annual earnings announcements for countries with highly active capital markets. This paper presents some recent findings for a capital market at the other end of the scale: the small Danish stock market. Our...... results are based on the events study methodology, using the market model to calculate abnormal returns. In the first part of the paper we find that the Danish stock market extracts most of the information content of the earnings release on the announcement date and the day after. Significant average...

  18. Earnings Management before Rights Issues and the Subsequent Cash Transfer in Chinese Firms

    Science.gov (United States)

    Tsai, Bi-Huei

    2009-08-01

    Unlike private enterprises in developed markets, political influence is profound upon Chinese state-dominated firms. Under this consideration, this paper demonstrates how political impact interferes in Chinese managers' decisions. State-assigned managers were found to deliberately transfer cash raised via rights issues from the public shareholders to the state by cash dividends in order to please Chinese politicians. Especially, to meet the regulatory requirement of rights issues, managers from firms which distributed more cash dividends in the same year of rights issues were more likely to inflate earnings before rights issues. The earnings inflation which managers use to boost firm's incomes is defined as "earnings management." Furthermore, the empirical results also exhibit that firm's close relationship with the state enables managers to obtain approvals of rights issues easily, which reduces the firm's earnings management tendency. The manager's incentives of earnings management is closely attributed to the political intervention.

  19. The Quality of Accounting Earnings and Change in Political Power Map: Evidence from Indonesia

    Directory of Open Access Journals (Sweden)

    Harymawan Iman

    2017-01-01

    Full Text Available This study investigates the earnings quality of politically connected firms listed in Indonesian Stock Exchange during 2006-2010. This study compare two definition (Soeharto Dependency Index (SDI and Politically Exposed Person (PEP of political connections to capture the effect of the changes of political power map on the earnings quality of politically connected firms in Indonesia. The finding shows that the quality of accounting earnings of politically connected firms which were formerly closely related to President Soeharto in 1998 are not significantly different to other firms. Furthermore, when this study employ politically exposed person as a proxy of political connections, the findings shows that connected firms have significantly lower quality accounting earnings. Consistent with prior findings, this study shows that change in political power map in Indonesia affect the level of earnings quality of politically connected firms.

  20. Expropriation Risk Through Real Earnings Management on Islamic Banking

    Directory of Open Access Journals (Sweden)

    Surifah Surifah

    2015-10-01

    Full Text Available This study develops a model of expropriation through real earnings management (REM in the Indonesian Islamic banking industry. The purpose of this study is to test a new model by examining the relationship between REM, bank ownership types, and performance of Islamic banks in Indonesia in the period of 2006 - 2013. This study finds that there are significant differences in REM and performance scores in banks with different ownership types. The REM and performance scores for family-owned banks and private-owned banks are relatively similar. However, Islamic banks with government as the controlling shareholder have the highest REM scores and the lowest performance scores. In contrast, foreign-owned banks have the lowest REM scores and the highest performance scores. The indications of expropriation can be seen from the magnitude of REM. A high REM can lower profitability and efficiency while increasing the risks faced by Islamic banks in Indonesia.

  1. EARNINGS MANAGEMENT AND ECONOMIC CRISES IN THE BRAZILIAN CAPITAL MARKET

    Directory of Open Access Journals (Sweden)

    Aldy Fernandes da Silva

    2014-05-01

    Full Text Available The 2008 economic crisis challenged accounting, either demanding recognition and measurement criteria well adjusted to this scenario or even questioning its ability to inform appropriately entities’ financial situation before the crisis occurred. So, our purpose was to verify if during economic crises listed companies in the Brazilian capital market tended to adopt earnings management (EM practices. Our sample consisted in 3,772 firm-years observations, in 13 years – 1997 to 2009. We developed regression models considering discretionary accruals as EM proxy (dependent variable, crisis as a macroeconomic factor (dummy variable of interest, ROA, market-to-book, size, leverage, foreign direct investment (FDI and sector as control variables. Different for previous EM studies two approaches were used in data panel regression models and multiple crises were observed simultaneously. Statistics tests revealed a significant relation between economic crisis and EM practices concerning listed companies in Brazil in both approaches used.

  2. Managerial ability and earnings quality: Evidence from Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Hamid Salehi

    2014-07-01

    Full Text Available Auditor independence is associated with the independence of the internal/external auditor from various parties who may have some financial interest in the business being audited. Many countries have set up different rules forcing firms to change their auditors every few years. This helps business retain healthy business. This paper presents an empirical investigation to study the effect of change in auditing system on 90 selected firms from Tehran Stock Exchange over the period 2007-2011. Using a regression model developed earlier by Demerjian et al. (2012a [Demerjian, P. R., Lev, B., Lewis, M. F., & McVay, S. E. (2012a. Managerial ability and earnings quality. The Accounting Review, 88(2, 463-498.], the study determines a positive impact of change in auditor system on business development.

  3. The Effect of Cash Dividend, Retained Earnings, and Stock Price of Manufacturing Company Listed In Indonesia Stock Exchange

    National Research Council Canada - National Science Library

    Farah Margaretha

    2015-01-01

    This study aims to determine the effect of cash dividends per share, retained earnings per share, earnings per share, and leverage on the stock price of manufacture industry in Indonesia from 2008-2012...

  4. The Earnings/Price Risk Factor in Capital Asset Pricing Models

    Directory of Open Access Journals (Sweden)

    Rafael Falcão Noda

    2015-01-01

    Full Text Available This article integrates the ideas from two major lines of research on cost of equity and asset pricing: multi-factor models and ex ante accounting models. The earnings/price ratio is used as a proxy for the ex ante cost of equity, in order to explain realized returns of Brazilian companies within the period from 1995 to 2013. The initial finding was that stocks with high (low earnings/price ratios have higher (lower risk-adjusted realized returns, already controlled by the capital asset pricing model's beta. The results show that selecting stocks based on high earnings/price ratios has led to significantly higher risk-adjusted returns in the Brazilian market, with average abnormal returns close to 1.3% per month. We design asset pricing models including an earnings/price risk factor, i.e. high earnings minus low earnings, based on the Fama and French three-factor model. We conclude that such a risk factor is significant to explain returns on portfolios, even when controlled by size and market/book ratios. Models including the high earnings minus low earnings risk factor were better to explain stock returns in Brazil when compared to the capital asset pricing model and to the Fama and French three-factor model, having the lowest number of significant intercepts. These findings may be due to the impact of historically high inflation rates, which reduce the information content of book values, thus making the models based on earnings/price ratios better than those based on market/book ratios. Such results are different from those obtained in more developed markets and the superiority of the earnings/price ratio for asset pricing may also exist in other emerging markets.

  5. ZNJPrice/Earnings Ratio Model through Dividend Yield and Required Yield Above Expected Inflation

    Directory of Open Access Journals (Sweden)

    Emil Mihalina

    2010-07-01

    Full Text Available Price/earnings ratio is the most popular and most widespread evaluation model used to assess relative capital asset value on financial markets. In functional terms, company earnings in the very long term can be described with high significance. Empirically, it is visible from long-term statistics that the demanded (required yield on capital markets has certain regularity. Thus, investors first require a yield above the stable inflation rate and then a dividend yield and a capital increase caused by the growth of earnings that influence the price, with the assumption that the P/E ratio is stable. By combining the Gordon model for current dividend value, the model of market capitalization of earnings (price/earnings ratio and bearing in mind the influence of the general price levels on company earnings, it is possible to adjust the price/earnings ratio by deriving a function of the required yield on capital markets measured by a market index through dividend yield and inflation rate above the stable inflation rate increased by profit growth. The S&P 500 index for example, has in the last 100 years grown by exactly the inflation rate above the stable inflation rate increased by profit growth. The comparison of two series of price/earnings ratios, a modelled one and an average 7-year ratio, shows a notable correlation in the movement of two series of variables, with a three year deviation. Therefore, it could be hypothesized that three years of the expected inflation level, dividend yield and profit growth rate of the market index are discounted in the current market prices. The conclusion is that, at the present time, the relationship between the adjusted average price/earnings ratio and its effect on the market index on one hand and the modelled price/earnings ratio on the other can clearly show the expected dynamics and course in the following period.

  6. The Effect of Cash Dividend, Retained Earnings, and Stock Price of Manufacturing Company Listed In Indonesia Stock Exchange

    OpenAIRE

    Farah Margaretha

    2015-01-01

    This study aims to determine the effect of cash dividends per share, retained earnings per share, earnings per share, and leverage on the stock price of manufacture industry in Indonesia from 2008-2012. Research used secondary data in which the source was obtained indirectly through an intermediary medium or data processed from literatures and reports associated with this research. Independent variables in this study (x) are cash dividends per share, retained earnings per share, earnings per ...

  7. Family policy outcomes: combining institutional and demographic explanations of women's employment and earnings inequality in OECD countries, 1975-2005

    NARCIS (Netherlands)

    Nieuwenhuis, Rense

    2014-01-01

    Women's employment and earnings, as well as earnings inequality, have been rising in OECD countries in recent decades. This dissertation answers questions pertaining to how family policies have facilitated women in combining motherhood and employment, and how women's earnings have affected the inequ

  8. Gender Segregation in Fields of Study at Community Colleges and Implications for Future Earnings. Fact Sheet #C395

    Science.gov (United States)

    Moughari, Layla; Gunn-Wright, Rhiana; Gault, Barbara

    2012-01-01

    Postsecondary education yields myriad benefits, including increased earnings potential, higher lifetime wages, and access to quality jobs. But postsecondary degrees are not all equal in the benefits they bring to students, and women tend to obtain degrees in fields with lower earnings. Women with associate degrees earn approximately 75 percent of…

  9. 20 CFR 404.822 - Correction of the record of your earnings after the time limit ends.

    Science.gov (United States)

    2010-04-01

    ... FEDERAL OLD-AGE, SURVIVORS AND DISABILITY INSURANCE (1950- ) Records of Earnings Correcting the Earnings... from the records of the Railroad Retirement Board earnings which were erroneously reported to us or to...) Wage payments under a statute. We may enter and allocate wages awarded to you for a period as...

  10. Accounting ethics – an empirical investigation of managing short-term earnings

    Directory of Open Access Journals (Sweden)

    Leonie Jooste

    2011-05-01

    Full Text Available Short-term earnings are managed in most, if not all, companies. The management of short-term earnings is vulnerable to misinterpretation, manipulation or deliberate deception even if these misleading accounting practices are prohibited by accounting regulations. Hence, the problem with managing short-term earnings is that it becomes an ethical practice, regardless of who is or may be affected by the practice or the information that flows from it. As a result of the publicity received by Enron and WorldCom on financial failures and fraud, and the subsequent legislation, the Sarbanes-Oxley Act in 2002, students are expected to understand the morality issues of earnings-management practices. Therefore, the ethics of earnings-management practices affects the accounting educator. Accounting students and business managers were surveyed and the findings indicated that there is no significant difference between gender regarding the ethicality of twenty earning management practices. The results, however, show that there is a significant difference between the perceptions of business managers and students regarding the morality of earnings-management practices. However, no significant differences were found between genders.

  11. Impact of economic crisis on earnings management in European listed companies

    Directory of Open Access Journals (Sweden)

    Konrad Grabiński

    2016-07-01

    Full Text Available The aim of the paper is to investigate the impact of global economic crisis 2007–2009 on earnings man-agement in European listed companies. In the first section concepts of economic and financial crisis are explained from the perspective of economic theory. Then the concept of earnings management is present-ed. Hypothesis development constitutes the third part of the paper. The main hypothesis postulates that macroeconomic conditions of crisis restrain earnings management. The next section explains the meth-odology of empirical study. Using adapted Dechow model, earnings management is measured in more than 36 thousand firm-level observations from 27 European countries. Then using panel regression with fixed effects the magnitude of earnings management is investigated from the perspective of crisis and non-crisis period. The last section presents results of the study, which provide evidence that during the crisis period earnings management is curbed. Additionally, the analysis shows that macroeconomic con-ditions associated with economic crisis like GDP drop rates and increase of unemployment affect differ-ently the magnitude of earnings management.

  12. Earnings Management of Firms Reporting Long Term Debt: An Alternative Method

    Directory of Open Access Journals (Sweden)

    Yulius Jogi Christiawan

    2014-01-01

    Full Text Available This study aims to apply an alternative detection model to prove that the earnings management will be occured when a company has long-term debts as well as the pressure of operating income. Generally, the literature study of earnings management indicates that the detection of earnings management can be grouped into two objectives, 1] to find variables for detecting earnings management (accruals, real activity and classification shifting and 2] to use some advanced statistical or mathematical models to detect earnings management. This study applies a quantitative approach using secondary data of financial statements. The study was conducted on 50 companies with the largest market capitalization, 50 of the most active companies based on trading volume, 50 of the most active companies based on the value of trade and 50 of the most active companies by frequency trading. All of them are 200  public company (listed in the Indonesia Stock Exchange-ID based on IDX statistical report 2013. The results of this study are expected to provide a new method to detect earnings management and its application in the context of positive accounting theory (PAT. The results of the study proves that the model is able to detect earnings management by utilizing foreign exchange transaction losses and use these models to support PAT (particularly on debt covenant hypothesis. These results contribute that earnings management can be done by using the foreign exchange gain / loss. However, the limitation of this study is the model has not been able to capture the phenomenon of earnings management if a company does not report any long-term debt nor foreign exchange gain/ loss.

  13. A study on relationship between investment opportunities and earnings: A corporate life cycle investigation

    Directory of Open Access Journals (Sweden)

    Mona Abednazari

    2013-07-01

    Full Text Available Intrinsic value of a firm depends on its financial and investing decisions. Market reacts differently to firms with different level of investment opportunities. A firm’s age and current stage of life cycle affect its future investment opportunities. Examining a sample of Tehran Stock Exchange for the period of 2006-2010, this study examines the relationship between investment opportunities and earnings according to corporate life cycle. Results suggest a significant association between investing activities and earnings response coefficient. Additionally, the results indicate that the explanatory power of the relationship between investment opportunities and earnings varies by corporate life cycle. Growth firms indicate stronger relation than decline firms do.

  14. Conparison of Earnings Power between State Commercial Banks and Stock Banks

    Institute of Scientific and Technical Information of China (English)

    顾晓敏; 朱赟赟

    2004-01-01

    As earnings power is one of the primary capacities for commercial banks, by analyzing several indexes on banks'operation performance, this article compared the earnings power between the state banks and the stock banks in China. Through the analysis, some problems of domestic banks may be found and pointed out that the commercial bank should stress on the target of profit maximum to avoid the financial risks. With enough earnings power, the domestic banks can take the challenge with those foreign banks entering domestic money market.

  15. Relative changes in earned income five years after diagnosis with diabetes

    DEFF Research Database (Denmark)

    Cleal, Bryan; Panton, Ulrik Haagen; Willaing, Ingrid

    2017-01-01

    matched people with diabetes to counterparts in the general population and compared nominal growth in earned income five calendar years after diagnosis. RESEARCH DESIGN AND METHODS: The study draws upon Danish population registers. Residents aged 25-62years between 1996 and 2007 were included in the study....... We identified an individually matched control group from approximately 2,800,000 'diabetes-free' Danish adults using propensity score matching. Matching was based on age, gender, residence, earned income, growth in earned income, and unemployment in the calendar year before diagnosis. RESULTS: 91...

  16. Discrimination versus specialization: a survey of economic studies on sexual orientation, gender and earnings in the United States.

    Science.gov (United States)

    Schmitt, Elizabeth Dunne

    2008-01-01

    Several studies examine the link between sexual orientation and earnings using large data sets that distinguish sexual orientation through questions about sexual behavior and/or by allowing respondents to self-identify as part of a same-sex cohabitating couple. After controlling for other earnings-related characteristics these studies generally show an earnings penalty for gay/bisexual men relative to heterosexual men and an earnings premium for lesbian/bisexual women relative to heterosexual women. Explanations for this gender disparity include gender differences in sexual orientation discrimination, greater labor force attachment for lesbian/bisexual women, and the effects of the overall gender earnings gap.

  17. Earnings management behavior of the initial public offering (IPO) firms during pre-IPO, IPO, and post-IPO years

    DEFF Research Database (Denmark)

    Farooq, Omar; Benali, Meryem

    2012-01-01

    This paper examines the pattern of earnings management around the IPO year in Morocco during the period between 2001 and 2007. Our results show that earnings management reaches its maximum level during the year of an IPO followed earnings management during the pre-IPO years and the post-IPO years....... We argue that the need for making reputation as a profitable firm induces management to managing earnings during the pre-IPO years. This need to manage earnings is the most during the year of an IPO because announcing earnings that are lesser than the previous years would hurt the reputation...... of a firm in the eyes of potential investors/shareholder and would reduce the offering proceeds. However, as firm enters the post-IPO years, lower requirements of raising capital in immediate future along with greater scrutiny from stock market participant’s result in lower incentives to manage earnings....

  18. Development of Earned Value Management System in PP Construction Project

    Energy Technology Data Exchange (ETDEWEB)

    Lee, Sang-Hyun; Moon, Byeong-Suk [KHNP-CRI, Daejeon (Korea, Republic of)

    2014-10-15

    The NPP construction project has been determined in the form of a rather lump-sum contract with little details in resource requirements and estimations. Therefore, Earned Value Management System (EVMS) needs to be applied to the NPP projects in order to incorporate scope, schedule and cost targeting efficient and to control effective resource. The NPP projects in Korea have not applied EVMS. EVMS has phased in NPP construction project by Korea Hydro and Nuclear Power Co., Ltd (KHNP), playing the role of project master manager in NPP construction in Korea. This study presented the EVMS unlike other system. Accordingly, EVMS is expected to reduce risks and increase efficiency in the NPP project. The NPP construction project is a technology ntensive multi-construction project that should be based on economics and stability and that takes over ten years to complete, requiring investment of billions of dollars, a great number of persons concerned, and a vast store of human and material resources. KHNP is phasing EVMS in NPP construction project for overseas contracts and the efficient management, the paper presented the pilot EVMS in KHNP. It expected to control and identify of NPP construction projects by using EVMS as a computerized management tool which is quantitative and objective management criteria. It is necessary to improve of the contract system related EVM for enterprise system, and the effort will be required, such as on-site support and training so that this can be done in collaboration with the relevant stakeholders.

  19. Using an inflation-augmented price-earnings ratio to guide tactical asset allocation

    Directory of Open Access Journals (Sweden)

    Adrian Saville

    2011-08-01

    Full Text Available Asset allocation plays a central role in determining investment outcomes, and available evidence shows that portfolio results can be enhanced through tactical asset allocation if managers use the simple price-earnings ratio as a predictor of equity returns. Recently, some international evidence has emerged which shows that, by augmenting the price-earnings metric with information about consumer price inflation, further enhancements can be achieved in tactical asset allocation.  This study reviews these arguments  as they apply to South Africa, and finds that an inflation-augmented price-earnings ratio is more successful in forecasting equity returns than is the simple price-earnings ratio.  Moreover, the metric is found to be significant in explaining relative asset class returns. On a risk-adjusted basis, however, the tool fails to improve the portfolio results when compared to a buy-and-hold strategy.

  20. Share price reaction to earnings announcement on the JSE-ALtX: A ...

    African Journals Online (AJOL)

    investors do not account for the impact of inflation on future earnings growth and ..... financial, operational or otherwise); directors' share dealings; mergers and acquisitions; and any information or events released in the event window that.

  1. The Role of Analysts as Gatekeepers: Enhancing Transparency and Curbing Earnings Management in Brazil

    Directory of Open Access Journals (Sweden)

    Antonio Lopo Martinez

    2011-07-01

    Full Text Available This paper examines the relationship of analysts’ coverage, forecasting errors and earnings management. It corroborates the role of analysts as gatekeepers by finding that analysts enhance transparency and reduce the scope of earnings management. To identify analysts’ coverage we used the I/B/E/S, from where we also obtained information on the consensus projections of analysts for listed Brazilian companies. The results indicated a negative correlation between the number of analysts covering firms and the magnitude of their discretionary accruals in absolute terms, indicating that more scrutiny inhibits earnings management. We also found a negative correlation between analysts’ coverage and forecasting errors. Multivariate regressions showed statistically significant results in the same sense. Therefore, market analysts, despite the severe criticism they receive from the specialized press, actually have a beneficial effect on corporate governance by monitoring managers and inhibiting earnings management.

  2. Using an inflation-augmented price-earnings ratio to guide tactical asset allocation

    Directory of Open Access Journals (Sweden)

    Adrian Saville

    2011-04-01

    Full Text Available Asset allocation plays a central role in determining investment outcomes, and available evidence shows that portfolio results can be enhanced through tactical asset allocation if managers use the simple price-earnings ratio as a predictor of equity returns. Recently, some international evidence has emerged which shows that, by augmenting the price-earnings metric with information about consumer price inflation, further enhancements can be achieved in tactical asset allocation.  This study reviews these arguments  as they apply to South Africa, and finds that an inflation-augmented price-earnings ratio is more successful in forecasting equity returns than is the simple price-earnings ratio.  Moreover, the metric is found to be significant in explaining relative asset class returns. On a risk-adjusted basis, however, the tool fails to improve the portfolio results when compared to a buy-and-hold strategy.

  3. The Inefficient Use of Macroeconomic Information in Analysts' Earnings Forecasts in Emerging Markets

    NARCIS (Netherlands)

    G.J. de Zwart (Gerben); D.J.C. van Dijk (Dick)

    2008-01-01

    textabstractThis paper presents empirical evidence that security analysts do not efficiently use publicly available macroeconomic information in their earnings forecasts for emerging market stocks. Analysts completely ignore forecasts on political stability, while these provide valuable information

  4. Annual Earnings Announcements and Market Reaction: The Influence of Screening Criteria for Thin Trading

    DEFF Research Database (Denmark)

    Møller, Peder Fredslund; Thinggaard, Frank; Lønroth, Helle L.

    2001-01-01

    on this point suggest that the Danish stock market, although small, seems to have different segments of shares in relation to earnings announcements. Applying different screening criteria we find differences both in terms of how quickly the market reacts to earnings announcements and the relative quality......This paper presents the findings of an event study of the Danish stock market price reactions to annual earnings announcements in the period 1993-1997, with a dual purpose. The primary purpose is to find out how market reactions vary with different screening criteria for thin trading. Our findings...... purpose of our study is briefly to compare our findings with those of a similar study for the period 1971-1981. The aim is to find indications of developments in the Danish market's reactions to earnings announcements since that study. We find distinct indications that the Danish stock market in some...

  5. Annual Earnings Announcements and Market Reaction: The Influence of Screening Criteria for Thin Trading

    DEFF Research Database (Denmark)

    Møller, Peder Fredslund; Thinggaard, Frank; Lønroth, Helle L.

    2001-01-01

    on this point suggest that the Danish stock market, although small, seems to have different segments of shares in relation to earnings announcements. Applying different screening criteria we find differences both in terms of how quickly the market reacts to earnings announcements and the relative quality......This paper presents the findings of an event study of the Danish stock market price reactions to annual earnings announcements in the period 1993-1997, with a dual purpose. The primary purpose is to find out how market reactions vary with different screening criteria for thin trading. Our findings...... purpose of our study is briefly to compare our findings with those of a similar study for the period 1971-1981. The aim is to find indications of developments in the Danish market's reactions to earnings announcements since that study. We find distinct indications that the Danish stock market in some...

  6. The Value Relevance of Earnings and Book Value: The Importance of Ownership Concentration and Firm Size

    National Research Council Canada - National Science Library

    Chandrapala Pathirawasam

    2013-01-01

      The purpose of this paper is to investigate the impact of ownership concentration and firm size on value relevance of two accounting variables, earnings and book value, given by firms listed in Colombo Stock Exchange (CSE...

  7. The Value Relevance of Earnings and Book Value: The Importance of Ownership Concentration and Firm Size

    National Research Council Canada - National Science Library

    Pathirawasam, Chandrapala

    2013-01-01

    The purpose of this paper is to investigate the impact of ownership concentration and firm size on value relevance of two accounting variables, earnings and book value, given by firms listed in Colombo Stock Exchange (CSE...

  8. The Inefficient Use of Macroeconomic Information in Analysts' Earnings Forecasts in Emerging Markets

    NARCIS (Netherlands)

    G.J. de Zwart (Gerben); D.J.C. van Dijk (Dick)

    2008-01-01

    textabstractThis paper presents empirical evidence that security analysts do not efficiently use publicly available macroeconomic information in their earnings forecasts for emerging market stocks. Analysts completely ignore forecasts on political stability, while these provide valuable information

  9. Investigating the relationship between corporate social responsibility and earnings management: Evidence from Spain

    Directory of Open Access Journals (Sweden)

    Ester Gras-Gil

    2016-10-01

    The results show that corporate social responsibility practices may be an organizational device that leads to more effective use of resources, which then has a negative impact on earnings management practices.

  10. A Formulation of the Earnings Function using the Concept of Occupational Investment.

    Science.gov (United States)

    Shaw, Kathryn L.

    1984-01-01

    In this study, occupational investment--the accumulation of skills acquired to work within an occupation--is demonstrated to be a more significant determinant of earnings growth than length of experience. (SK)

  11. Telecommuting and Earnings Trajectories Among American Women and Men 1989–2008

    OpenAIRE

    Glass, Jennifer L.; Noonan, Mary C.

    2016-01-01

    While flexibility in the location of work hours has shown positive organizational effects on productivity and retention, less is known about the earnings effects of telecommuting. We analyze weekly hours spent working from home using the 1989–2008 panels of the National Longitudinal Study of Youth. We describe the demographic and occupational characteristics of the employees engaged in telecommuting, then track their earnings growth with fixed-effects models, focusing on gender and parental s...

  12. The Effect of IFRS Convergence and the Proportion of Woman in Audit Committee on Earning Management

    OpenAIRE

    Siswanti Dwi Surti; Hudayati Ataina

    2017-01-01

    This study aims to find empirical evidence the effect of IFRS convergence and the proportion of woman in audit committee on earning management. Respondents used in this study were companies listed in Jakarta Stock Exchange for the year 2011 until 2013. Using moderated regression analysis this study supports the hypothesis that IFRS convergence and the proportion of woman in audit committee have negative effect on earning management. This finding implies that IFRS convergence and the proportio...

  13. Political connections and tax-induced earnings management: Evidence from China

    OpenAIRE

    Li, Chen; Wang, Yaping; Wu, Liansheng; Xiao, Jason Zezhong

    2013-01-01

    We use the occasion of a change in tax policy that raised the tax rate for many of the listed companies in China to examine tax-induced earnings management (TEM) from the perspective of political connections. We find that when the tax rate increased, only those affected firms with politically connected management engaged in TEM. This suggests that, in addition to motivation for managing earnings, capability of influencing tax authorities is also an important determinant of TEM. We also find t...

  14. The Effects of Military Change-of-Station Moves on Spousal Earnings

    Science.gov (United States)

    2016-12-02

    hundreds of thou-sands of married individuals served in active-duty roles in the U.S. military. Active duty imposes a unique and often stressful...potential role for military policy to address the career-related costs of military spouses, as well as the importance of pro- grams and policies aimed...PCS Moves on Spousal Earnings, by Spouse Gender NOTE: Point estimates on reduced earnings are statistically significant at the 1 percent level. Ch an

  15. Value Relevance of Earnings Information in Japan -- A Survey: The Empirical Findings by Foreign Researchers --

    OpenAIRE

    大日方, 隆

    2007-01-01

    The purpose of this paper is to confirm how international academicians evaluate the Japanese accounting system. This paper surveys prior studies on the international comparison (including Japan) of accounting information and reexamines the empirical findings on the usefulness of earnings information in Japan, focusing on the value relevance of earnings. Many researchers have pointed out that code law, investor protection in financial regulation environments and Japanese corporate governance, ...

  16. MODERASI ALIRAN KAS BEBAS TERHADAP HUBUNGAN DEVIDEND PAY OUT RATIO DAN LEVERAGE DENGAN EARNINGS RESPONSE COEFFICIENTS

    Directory of Open Access Journals (Sweden)

    Khanifah Khanifah

    2016-05-01

    variable of leverage (X2 with free cash flow moderating to earnings response coefficients. At test of F got by f value count equal to 0,054 with probability 0,947 Because probability bigger than 0,05, so this indicate regression models that DPR and of Leverage with free cash flow as variable moderating not influence to Earning Response Coefficiets by together.

  17. The PE Ratio and the Predicted Earnings Growth – the Case of Poland

    Directory of Open Access Journals (Sweden)

    Kurach Radosław

    2015-06-01

    Full Text Available We examine the components of equity returns on the Polish capital market. To analyse the underlying complexity of returns we took into consideration the model designed by Leibowitz (1999. This model captures three factors: dividend yield, expected growth in earnings and expected change in price-to-earnings (PE ratio. We applied this model to analyse the average discount/premium not only to particular shares but to market averages as well. Firstly, we examined the variation of PE across the companies (as adapted from Penman (1996 to analyse the average rate of return and their striking distance of individual stocks from a ‘normal’ level. Then we checked the transitory earnings in the portfolios of high PE, whereby a fall in current earnings relative to sustainable level of earnings leads to a transitory high PE ratio. We expect that the effect of transience in current year earnings can be significant. Lastly, we analysed the individual companies in order to check what percentage of companies give a “correct” signal about future prospects.

  18. A study on relationship between institutional investors and earnings management: Evidence from the Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Milad Emamgholipour

    2013-04-01

    Full Text Available Institutional investors play important role on formation of different changes on corporate governance systems. They can significantly influence on companies by monitoring the performance of management and limiting their opportunistic behaviors and manipulating their financial statements. Therefore, the main objective of the present study is to investigate the relationship between institutional investors and earnings management on some listed companies on Tehran Stock Exchange by examining a sample of 700 firm-years data over the period 2006-2010. In this study, the discretionary accruals are used as an indicator for earnings management. The results indicate that there is a positive and significant relationship between institutional investors and earnings management and suggest that increasing the ownership percentage of institutional shareholders increases earnings management. In addition, the results of the control variables have shown that firm size had no impact on earnings management, but financial leverage and return on sales, respectively had negative and positive effect on the earnings management of companies.

  19. Effect on Value Earnings Management Company with Good Corporate Governance Practices as Moderating Variable

    Directory of Open Access Journals (Sweden)

    Yuniarti Emylia

    2017-01-01

    Full Text Available Firm value reflects the size of the stock market reaction to the company. Increasing the value of the company is an achievement that suitable with the desire of the owner, because as the value of the company increasing as well the welfare of the owner. Earnings management has an influence on the value of the company. Good Corporate Governance to be one way to eliminate the management engineering efforts specifically to make regulations with the requirement for the companies to disclose certain information mandatorily and voluntarily. This research will discuss the influence of earnings management on company value, the effect of Corporate Governance on company value directly, and the effect of Corporate Governance as a moderating variable from the influence of earnings management and firm value. Data analysis technique used in this research is a descriptive data analysis method, analysis model and classical assumption check because this research aims to determine the effect of earnings management, company value and Corporate Governance on Enterprise State-owned Enterprises listed on the Indonesia Stock Exchange. The results of this study are earnings management negatively affect the value of the company, corporate governance itself has no effect on firm value, but as a moderating variable of corporate governance affect earnings management effect on firm value.

  20. Board of Commisioner Duality Role, Governance and Earnings Management of Initial Public Offerings in Indonesia

    Directory of Open Access Journals (Sweden)

    Widi Prasetiawati

    2011-09-01

    Full Text Available Public firm is required to implement good corporate governance as assurance to reduce information asymmetry between firm and its stockholders. Corporate governance mechanism should be able to limit any improper actions of the firm’s management. This study investigates whether the duality role of the board affects earnings management practice of firms making initial public offering at Indonesian Stock Exchange. The study also examines other corporate governance mechanism factors, namely the number of board of commission-ners, the proportion of independent board of commissioners, size of firm, financial leverage, and profitability. Earnings management was measured using Cross-Sectional Modified Jones model. The study employs a total of 60 firms that went public from 2000 to 2006. The results show that duality status of board of commissioners positively and significantly affects earnings management in IPO firms. This could be interpreted that board of directors with duality role had a lower function in monitoring the firms’ performance so that management have opportunity to manage reported earnings. When board of commissioners have dual role, the level of earnings management is getting intense, and vice versa. Size of board of commissioners and profitability are positively related to earnings management.

  1. THE ROLE OF EARNINGS PERSISTENCE IN VALUATION ACCURACY AND THE TIME HORIZON

    Directory of Open Access Journals (Sweden)

    Renê Coppe Pimentel

    2016-02-01

    Full Text Available Based on the assumption that earnings persistence has implications for both financial analysis and compensation contracts, the aim of this paper is to investigate the role of earnings persistence assuming that (i more persistent earnings are likely to be a better input to valuation models and (ii more persistent earnings are likely to serve as a proxy for long-term market and managerial orientation. The analysis is based on Brazilian listed firms from 1995 to 2013, and while we document strong support for the relevance of earnings persistence in financial analysis and valuation, we fail to document a significant relationship between earnings persistence and long-term value orientation. These results are sensitive to different specifications, and additional results suggest that firms’ idiosyncratic risk (total risk is relevant to explain the focus on short-term outcomes (short-termism across firms. The main contribution of this paper is to offer empirical evidence for the relevance of accounting numbers in both valuation and contractual theories in an emergent market.

  2. How are health professionals earning their living in Malawi?

    Directory of Open Access Journals (Sweden)

    Maseko Fresier C

    2006-08-01

    Full Text Available Abstract Background The migration of health professionals from southern Africa to developed nations is negatively affecting the delivery of health care services in the source countries. Oftentimes however, it is the reasons for the out-migration that have been described in the literature. The work and domestic situations of those health professionals continuing to serve in their posts have not been adequately studied. Methods The present study utilized a qualitative data collection and analysis method. This was achieved through focus group discussions and in-depth interviews with health professionals and administrators to determine the challenges they face and the coping systems they resort to and the perceptions towards those coping methods. Results Health professionals identified the following as some of the challenges there faced: inequitable and poor remuneration, overwhelming responsibilities with limited resources, lack of a stimulating work environment, inadequate supervision, poor access to continued professionals training, limited career progression, lack of transparent recruitment and discriminatory remuneration. When asked what kept them still working in Malawi when the pressures to emigrate were there, the following were some of the ways the health professionals mentioned as useful for earning extra income to support their families: working in rural areas where life was perceived to be cheaper, working closer to home village so as to run farms, stealing drugs from health facilities, having more than one job, running small to medium scale businesses. Health professionals would also minimize expenditure by missing meals and walking to work. Conclusion Many health professionals in Malawi experience overly challenging environments. In order to survive some are involved in ethically and legally questionable activities such as receiving "gifts" from patients and pilfering drugs. The efforts by the Malawi government and the international

  3. Pengaruh Manajemen Laba, Ukuran Perusahan, dan Leverage terhdap Earning Per Share dengan Reputasi Auditor sebagai Variabel Moderasi pada Perusahaan Perbankan yang terdaftar di BEI 2012-2014

    OpenAIRE

    Viranda, Vira

    2015-01-01

    This research aim is to understand and analyse the effects of earning management, firm size, and leverage to earning per share with auditor reputation as a moderating variable of Banking Corporations listed on IDX period 2012-2014. This is a causal research with 26 corporations as samples, and secondary data are used as data sources. Research shows that simultaneously, earning management, firm size, and leverage, are positive and significantly affected earning per share. Partially, earning ma...

  4. Pengaruh Earnings power dan Firm size Terhadap Earning Management dengan Good Corporate Governance sebagai Variabel Moderating pada Perusahaan Manufacturing yang Terdaftar di Bursa Efek Indonesia (BEI) Tahun 2012-2014

    OpenAIRE

    Tarigan, Andika Nanran

    2016-01-01

    This research aim is to understand the effects of earning power and firm size to earning management with good corporate governance as moderating variable in manufacturing companies listed on Indonesian Stock Exchange period 2012-2014. This research uses 29 companies as samples with 3 years of observation, with multiple regression analysis and moderating regression analysis. Research shows that earning power and firm size are affecting positively and significantly, partially only firm size whi...

  5. Pengaruh Firm Size, Leverage, Return On Investment (Roi) Free Cash Flow (Fcf), Dividend Payout Ratio (Dpr),Dan Price Earning Ratio (Per) Terhadap Earning Management Pada Perusahaan Manufakturyang Terdaftar Di Bursa Efek Indonesia

    OpenAIRE

    Siallagan, Evi Handayani

    2015-01-01

    The purpose of this research is to analyze the influence of firm size, leverage, free cash flow, return on investment, dividend payout ratio, and price earning ratio on earning management. Earning management is measured by discretionary accruals using Kaznik Model. This study uses secondary data were taken from the manufacturing companies which are listed in . Sample selection is done by purposive sampling method and sample obatained from this researh were 36 of a total 141 companies. Met...

  6. Investigating the influence of risk management on earnings volatility of the listed companies in Tehran stock exchange

    Directory of Open Access Journals (Sweden)

    Jafar Akbari

    2016-12-01

    Full Text Available This invetigation aims to examine the impact of risk management practices on earnings volatility of the listed companies in Tehran stock exchange. All listed companies in Tehran stock exchange were selected as the statistical population of the research during 2005 to 2015. Risk management, liquidity risk management and operational risk management, and earnings volatility were selected as the independent and dependent variables of the study, respectively. Dechow & Tang (2008 model is used for measuring earnings volatility in this research. 130 firms were selected as the statistical population based on the systematic elimination method. The obtained results show that risk management doesn’t impact on earnings volatility. As well, liquidity risk management significantly and negatively impact on earnings volatility, and operational risk management positively and significantly influence on earnings volatility.

  7. Growth Opportunities, Earnings Permanence and the Valuation of Free Cash Flow

    Directory of Open Access Journals (Sweden)

    Ahsan Habib

    2011-12-01

    Full Text Available This paper examines empirically the effect of firm growth opportunities and earnings quality on the market valuation of free cash flow, defined as the difference between operating cash flows and capital expenditures. Equity valuation theory prescribes that free cash flow should not be associated with stock returns because itdoes not add value. However, free cash flow could become a value-relevant construct in certain contexts. This study considers growth opportunities and transitory earnings as two such contexts and examines the valuation of free cash flow. An accounting-based valuation framework is developed where stock returns are regressed onfree cash flow interacted with growth and earnings quality proxies, after controlling for book values, dividends, and current earnings realisations. Findings reveal that firms with a positive free cash flow and attractive growth opportunities command a valuation premium. Furthermore, free cash flow is found to be positively associatedwith stock returns when earnings are transitory. The results are robust to alternative definitions of both free cash flow and growth opportunities.

  8. ACCRUAL DAN REAL EARNING MANAGEMENT DALAM MERESPON PENURUNAN TARIF PAJAK PENGHASILAN BADAN TAHUN 2010

    Directory of Open Access Journals (Sweden)

    Setiadi Alim Lim

    2017-03-01

    Full Text Available Research conducted by Guenther (1994 shows the behavior of management to conduct income decreasingearning management in the period of one year before the income tax rate reduction in order to obtain relief theburden of income tax paid. The research of Alim (2009 showed indications of income decreasing earningmanagement in the 2008 financial statements of business entities in Indonesia Stock Exchange responding toa decrease in income tax corporate tax-payers in 2009. This study aimed to investigate whether there is anindication of income decreasing earning management and also on the 2009 financial statements of businessentities in Indonesia Stock Exchange responding to reduced income tax rate for corporate tax-payers in 2010.To detect the presence of income decreasing earning management variables to discretionary accruals will beused to indicate the presence of accrual/accounting earnings management and abnormal variable cash flowsfrom operations and abnormal discretionary expenses that may indicate the presence of real earning management.The results showed an indication of income decreasing earning management is detected through avariable discretionary accruals and abnormal cash flow from operations but not found through variableabnormal discretionary expenses.

  9. Building human capital to increase earning power among people living with mental illnesses.

    Science.gov (United States)

    Gao, Ni; Schmidt, Lisa T; Gill, Kenneth J; Pratt, Carlos W

    2011-01-01

    Human Capital Theory, a well-established model from the field of economics, maintains that a person's lifetime earnings are affected by the amount of education and job training they receive. This study uses Human Capital Theory to predict wages and explain employment outcomes among individuals living with psychiatric illnesses. Hourly wages were examined between 100 individuals with mental illnesses and 100 matched comparisons who had no mental illnesses. The study found that participants with mental illnesses earned $12.19 an hour vs. $14.54 an hour earned by their counterparts without disability. The study also revealed that higher educational attainment and longer work history predicted higher wages among participants with mental illnesses. The severity of psychiatric symptoms and diagnosis, however, did not predict wages. These findings indicate that human capital variables are correlated with wages earned by persons living with mental illnesses. Findings also suggest that assisting mental health consumers in the pursuit of education and job training may increase earning potential which can lead to financial independence and community integration. This supports the value in developing and implementing Supported Education to assist consumers in acquiring education and job training.

  10. The effects of financial risks on the relationship between earnings and stock returns

    Directory of Open Access Journals (Sweden)

    Mehri Akhavi Babi

    2015-06-01

    Full Text Available This study was conducted to investigate the effects of financial risks on the relationship between earnings per share and stock returns. The statistical population of the study consisted of the companies accepted by Tehran Stock Exchange. According to the conditions for sampling, 65 companies were selected during a period of six years from 2008 to 2013 (i.e., 390 fiscal years, and four hypotheses were set forth to achieve the purposes of the study. The first hypothesis tried to assess the relationship between earnings per share and stock returns. The second, third, and fourth hypotheses investigated the significance of the effects of three financial risks, namely liquidity, credit, and solvency risks on the relationship between earnings per share and stock returns. The hypotheses of the study were tested using linear and multiple regressions. The findings of the study indicated that there was a positive and significant relationship between earnings per share and stock returns. In addition, the results proved that the credit and solvency risks had negative and significant effects on the relationship between earnings per share and stock returns, but the effect of liquidity risk on this relationship was not significant.

  11. A Study of the Effective Variables on Earning Management: Iranian Evidence

    Directory of Open Access Journals (Sweden)

    Mahdi Moradi

    2012-08-01

    Full Text Available The current study aims to examine the effective variables an earning management in Tehran Stock exchange during 2004 -2010. In this research the discretionary accruals from modified Jones model to determine earning management in the firms have been used and auditor change and type of auditor (for examining accounting quality, type of ownership, number of main shareholders, percentage of ownership for largest shareholder, percentage of ownership main shareholders (for examining corporate governance, incentives of earning management (number of employee, equity-debt ratio, leverage and tax and also financial ratios (performance coefficient, changes in net income, gross income to sale ratio and current ratio, used firm size and type of industry variables have been considered as control variable. To analyze data the multiple regression and backward regression as well as interaction regression have been used cross-sectionally and collectively.

  12. Heterogeneous Impacts on Earnings from an Early Effort in Labor Market Programs

    DEFF Research Database (Denmark)

    Sørensen, Kenneth Lykke

    , also had positive effects on jobs with respect to labor market earnings. The contribution of the paper is two-fold: First, we show that the program had positive effects on earnings in the short term for men, and in the medium and long term for men in one county, which we attribute to the mere taxing......Labor market programs that are found to shorten unemployment duration might not be societal efficient if participants do not find suitable jobs in terms of stability, wages, occupation, etc. This paper investigates whether a program, that previously has been shown to lower unemployment duration...... of leisure time and human capital accumulation/removal of frictions, respectively. Second, we show that the positive effects are heterogenous across earnings distributions. Taxing leisure time primarily affects low earners while human capital accumulation and removing frictions tend to help high earners....

  13. An investigation on important factors influencing on forecasted earnings adjustment: Evidence from Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Fatemeh Babakhani

    2014-01-01

    Full Text Available This paper presents an empirical investigation to detect important factors influencing earning adjustment on firms selected on Tehran Stock Exchange over the period 2006-2011. There are four independent variables associated with the proposed study of this paper including Proportion of shares owned by institutional investors, Return on assets, Profit change and Market value to book value. In addition, Investment restructuring is considered as control variable. The results of the implementation of regression analysis indicate that there was a reverse relationship between earning forecasted adjustment and two independent variables including size of firm as well as the ratio of market value to book value. However, Net profit has a direct and positive relationship with earning forecast adjustment.

  14. Earnings sharing in Social Security: projected impacts of alternative proposals using the MINT model.

    Science.gov (United States)

    Iams, Howard M; Reznik, Gayle L; Tamborini, Christopher R

    2009-01-01

    Changes in American family and work patterns over the past decades have prompted various policy proposals for changing the structure of Social Security benefits. In this article, we use the Social Security Administration's Modeling Income in the Near Term (MINT) microsimulation model to project how Social Security benefit amounts would change in response to incorporating earnings sharing into benefit calculations for the population aged 62 or older in 2030 under three hypothetical policy scenarios. The earnings sharing scenarios modeled in the article would reduce benefits for the majority of individuals, although there are important differences among married, divorced, and widowed individuals. Some groups of men and women would experience increases in Social Security benefits, while some would receive reduced benefits in comparison to current law, particularly widowed individuals. Allowing widows to inherit the earnings records of their deceased husbands would improve their outcomes.

  15. Management earnings forecasts and analyst forecasts:Evidence from mandatory disclosure system

    Institute of Scientific and Technical Information of China (English)

    Yutao; Wang; Yunsen; Chen; Juxian; Wang

    2015-01-01

    Distinct from the literature on the effects that management earnings forecasts(MEFs) properties, such as point, range and qualitative estimations, have on analyst forecasts, this study explores the effects of selective disclosure of MEFs.Under China’s mandatory disclosure system, this study proposes that managers issue frequent forecasts to take advantage of opportune changes in predicted earnings. The argument herein is that this selective disclosure of MEFs increases information asymmetry and uncertainty, negatively influencing analyst earnings forecasts. Empirical evidence shows that firms that issue more frequent forecasts and make significant changes in MEFs are less likely to attract an analyst following, which can lead to less accurate analyst forecasts. The results imply that the selective disclosure of MEFs damages information transmission and market efficiency, which can enlighten regulators seeking to further enhance disclosure policies.

  16. The Value Relevance of Earnings and Book Value: The Importance of Ownership Concentration and Firm Size

    Directory of Open Access Journals (Sweden)

    Pathirawasam Chandrapala

    2013-06-01

    Full Text Available The purpose of this paper is to investigate the impact of ownership concentration and firm size on value relevance of two accounting variables, earnings and book value, given by firms listed in Colombo Stock Exchange (CSE in Sri Lanka from 2005 to 2009. Using pooled cross-sectional data regressions, the study finds that the value relevance of earnings and book value is below average. The value relevance of ownership concentrated firms is higher than that of ownership non-concentrated firms. Further, the two variables show higher value relevance for larger firms than for smaller firms. Contrary to the previous findings of the author, the study finds that book value is more value relevant than the earnings in Sri Lanka.

  17. An Examination of Employment and Earning Outcomes of Probationers With Criminal and Substance Use Histories

    Directory of Open Access Journals (Sweden)

    Sriram Chintakrindi

    2015-12-01

    Full Text Available There exists a strong relationship between having a criminal history and experiencing barriers to employment. Negative credentials facilitate the social and economic exclusion of individuals with criminal records. However, previous research has not concretely identified whether the stratification of economic opportunities by individual-level criminal records may be further affecting those who demonstrate substance use histories. In this study, we examine the substance use and criminal history profiles of probationers participating in an experimental drug treatment study and how probationer characteristics affect employment outcomes and gross earnings at both the 6- and 12-month follow-up periods. We hypothesize that substance use and criminal history have a main effect and interactional relationship that reduces the odds of self-reporting employment and decreases gross earnings outcomes of probationer. Our results demonstrate that substance use history and criminal history has a main effect on employment and earnings outcomes.

  18. The role of discretionary accruals in earnings management: Evidence from Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Mehdi Maranjory

    2013-09-01

    Full Text Available Earnings management via discretionary accruals is a manager's instrument for changing stock holders’ expectations. The purpose of this study is to investigate the role of discretionary accruals in the earnings management of Iranian firms. There are two hypotheses associated with this study on the relationship between income smoothness and discretionary accruals and the proposed study is implemented on selected firms from Tehran Stock Exchange. The result of the first hypothesis indicates the relationship between earnings smoothness and discretionary accruals variables. It means that discretionary accruals (DA leads to the converse relationship among discretionary accruals variation and current and future cash flow. The result of the second hypothesis indicates that the firms with high variation in Iran utilize more discretionary accruals compared with the firms with lower variation.

  19. Institutional investors, corporate governance, and earnings management around merger: evidence from French absorbing firms

    Directory of Open Access Journals (Sweden)

    Mouna Njah

    2013-12-01

    Full Text Available This paper examines the association between institutional ownership and the earnings management behavior of some French absorbing firms. Using a sample of 76 French mergers and absorptions concluded over the period ranging from 2000 to 2010, we undertake to present some empirical evidence highlighting that absorbing-firms manipulate earnings relevant to the year preceding the merger-offer in the presence of institutional cross-holding. However, the presence of active institutions turns out to limit the managerial accruals discretion. The monitoring role exerted by the active-institutional investors does restrict the opportunities of earnings management around mergers and acquisitions. Further analyses suggest that the average value of discretionary accruals with regards to the absorbing firms proves to be influenced by the nature of merger deal (takeover vs. restructuring.

  20. EARNINGS MANAGEMENT AND CHANGES IN THEACCOUNTING STANDARD ON BAD DEBTPROVISIONS EVIDENCE FROM CHINESE LISTEDFIRMS

    Institute of Scientific and Technical Information of China (English)

    ZhenyuShen; JinshengWang; ShuangXue

    2004-01-01

    The US GAAP is believed to be the best and most comprehensive set of accounting standards in the world. However, the Enron scandal has made the world reconsider it. According to research reports by the US SEC and FASB, principle-based accounting standards should be adopted in the US. But which is better, a GAAP based on principles or on rules? By considering the shift from a rule-based accounting standard to a principle-based one on bad debt provisions in China, this paper examines the association between earnings management and types of accounting standards. We find that listed firms are more likely to manage earnings with discretion under principle-based accounting standards, while rule-based accounting standards limit firms' earnings management behaviour.

  1. Macroeconomic control,political costs and earnings management:Evidence from Chinese listed real estate companies

    Institute of Scientific and Technical Information of China (English)

    Donghua; Chen; Jieying; Li; Shangkun; Liang; Guojun; Wang

    2011-01-01

    Firms in China have faced high political costs during China’s economic transition,because they are affected by macroeconomic policies.However,research to date has offered no consistent conclusions on the relationship between political costs and earnings management in China.This study tests whether real estate firms attempt to decrease earnings during periods of macroeconomic control,using variables related to the national real estate market as proxies for political costs.We find that political costs are negatively related to earnings management in listed real estate firms.In addition,we find that non-state-owned enterprises utilized more income-decreasing accruals during this period.Our results are consistent with the political costs hypothesis.

  2. Trends in occupational and earnings attainments of women immigrants to Canada, 1971-1996

    Directory of Open Access Journals (Sweden)

    Richard A. Wanner

    2003-12-01

    and 1996. We study both changes in country of birth effects on the earnings and occupational status of women aged 25 to 29 immigrating prior to each of the five census years and the experience of successive female immigrant cohorts as they age to determine the extent to which the effects of birthplace on occupational status and earnings change over their careers. In both cases we find a considerable advantage associated with being educated in Canada compared to being educated abroad. For those visible minority immigrants just beginning their careers in Canada, we could find no evidence that more recent cohorts have lower attainments than earlier cohorts, though this was true for some European groups. In our analysis of aging cohorts we find evidence of a tendency for immigrant earnings to converge with those of the Canadian born and for that tendency to be stronger in more recent cohorts.

  3. Earnings and Financial Compensation from Social Security Systems Correlate Strongly with Disability for Multiple Sclerosis Patients.

    Directory of Open Access Journals (Sweden)

    Andrius Kavaliunas

    Full Text Available Multiple sclerosis (MS patients earn lower incomes and receive higher benefits. However, there is limited knowledge of how this is correlated with their disability.To elucidate sources and levels of income among MS patients with different disability, assessed with the Expanded Disability Status Scale.A total of 7929 MS patients aged 21-64 years and living in Sweden in 2010 were identified for this cross-sectional study. Descriptive statistics, logistic and truncated linear regression models were used to estimate differences between MS patients regarding earnings, disability pension, sickness absence, disability allowance, unemployment compensation, and social assistance.The average level of earnings was ten times lower and the average level of health- related benefits was four times higher when comparing MS patients with severe and mild disability. MS patients with severe disability had on average SEK 166,931 less annual income from earnings and SEK 54,534 more income from benefits compared to those with mild disability. The combined average income for MS patients was 35% lower when comparing patients in the same groups. The adjusted risk ratio for having earnings among MS patients with severe disability compared to the patients with mild disability was 0.33 (95% CI 0.29-0.39, while the risk ratio for having benefits was 1.93 (95% CI 1.90-1.94.Disease progression affects the financial situation of MS patients considerably. Correlations between higher disability and patient income were observed, suggesting that earnings and benefits could be used as measures of MS progression and proxies of disability.

  4. Heterogeneity in earnings quality between different classes of companies after IFRS adoption: evidence from Brazil

    Directory of Open Access Journals (Sweden)

    Roberto Black

    Full Text Available ABSTRACT This paper aims to investigate the existence of heterogeneity in earnings quality between different classes of companies after the adoption of the International Financial Reporting Standards (IFRS. IFRS adoption is generally associated with an increase in the quality of financial statements. However, companies within the same country are likely to have different economic incentives regarding the disclosure of information. Thus, treating companies equally, without considering the related economic incentives, could contaminate earnings quality investigations. The case of Brazil is analyzed, which is a country classified as code-law, in which tax laws determined accounting practice and in which IFRS adoption is mandatory. First, Brazilian companies listed on the São Paulo Stock, Commodities, and Futures Exchange (BM&FBOVESPA were separated into two classes: companies issuing American Depositary Receipts (ADRs before IFRS adoption and companies that did not issue ADRs until the adoption of IFRS. Then, this second class of companies was grouped, using cluster analysis, into two different subclasses according to economic incentives. Based on the groups identified, the quality of accounting earnings is tested for each class of the companies before and after IFRS adoption. This paper uses timely recognition of economic events, value relevance of net income, and earnings management as proxies for the quality of accounting earnings. The results indicate that a particular class of companies began showing conditional conservatism, value relevance of net income, and lower earnings management after IFRS adoption. On the other hand, these results were not found for the two other classes of companies.

  5. FIRMS' FINANCIAL AND CORPORATE GOVERNANCE CHARACTERISTICS ASSOCIATION WITH EARNING MANAGEMENT PRACTICES: A META-ANALYSIS APPROACH

    Directory of Open Access Journals (Sweden)

    Fatima Abdul Hamid

    2014-11-01

    Full Text Available This paper aims to investigate the association between firm’s corporate governance and financial attributes (namely, board of directors’ size, board of directors’ independence, chief executive officer (CEO duality, ownership structure , audit type, firm’s size, firm’s return and leverage with earnings management practices. The study applies a comprehensive meta - analysis of the findings of 25 journal articles published between 2003 and 2013. The analysis permits this research to accumulate and assimilate the results of previous literature, and their generalization to a wider range of settings. The results showed that all corporate governance and financial characteristics variables have a significant association with earnings management practices.

  6. Bridging Social Capital and Individual Earnings: Evidence for an Inverted U.

    Science.gov (United States)

    Growiec, Katarzyna; Growiec, Jakub

    Based on data on a cross section of individuals surveyed in the 1999-2002 wave of World and European Values Surveys, we investigate the multilateral associations between bridging social capital, individuals' earnings, as well as social trust and employment status. Our analysis provides robust evidence that the relationship between bridging social capital and earnings is inverted-U shaped. We carry out a range of tests in order to ascertain that this result is not driven by regressor endogeneity or omitted variables bias. We also identify significant interaction effects between bridging social capital, social trust, and employment status.

  7. Under-performance of listed companies? Real earnings management and M&A: Chinese empirical evidence

    Directory of Open Access Journals (Sweden)

    Ziqiao Zhang

    2015-04-01

    Full Text Available Purpose: The purpose of this paper is to examine whether acquiring firms attempt to adopt real earnings management strategy to upward reported earnings in the period of M&A announcement and provide an explanation for the underperformance of post-M&A in share payment M&A affairs occurring in China’s capital market from 2008-2010. Design/methodology/approach: The author uses Roychowdhury’s(2006 methodology to measure the magnitude of real earnings management of acquiring firms in stock for stock M&A by exploiting financial date from 2006 to 2011. The methodology includes three models, which are cash ?ow from operations, production costs and discretionary expenditures, respectively. Findings: It was found that firms using stock as a financing medium exhibit significant negative abnormal cash flows and abnormal discretionary expenses yet abnormal production costs significantly positive during the current period of M&A. Moreover, it was also documented that acquiring firms use real activities manipulation to overstate earnings for the purpose of improving market confidence. Finally, a negative association was found between REM and under-performance of post-M&A. Research limitations/implications: To some extent, these results explain the puzzle of performance decline over the following period of post-M&A. Meanwhile, our study adds to prior literature that capital market pressures induce acquiring firms inflate reported earnings by manipulating real activities in stock-financed M&A occurring in China’s capital market. Practical implications: The author’s result imply that investors, analysts and regulators cannot ignore more undetectable opportunism behaviors underlying reported earnings than accrual-based earnings management and the impact on the performance of post-M&A when they use financial statements to evaluate acquiring firms. Social implications: Our study plays important role in making public policies. Furthermore, it is necessary to

  8. The Effect of IFRS Convergence and the Proportion of Woman in Audit Committee on Earning Management

    Directory of Open Access Journals (Sweden)

    Siswanti Dwi Surti

    2017-01-01

    Full Text Available This study aims to find empirical evidence the effect of IFRS convergence and the proportion of woman in audit committee on earning management. Respondents used in this study were companies listed in Jakarta Stock Exchange for the year 2011 until 2013. Using moderated regression analysis this study supports the hypothesis that IFRS convergence and the proportion of woman in audit committee have negative effect on earning management. This finding implies that IFRS convergence and the proportion of woman in audit committee will increase the quality of financial reporting.

  9. Immigration and males' earnings inequality in the regions of the United States.

    Science.gov (United States)

    Reed, D

    2001-08-01

    In this paper I investigate the impact of recent immigration on males' earnings distributions in the major regions of the United States. I use six counterfactual scenarios to describe alternative regional skill distributions and wage structures for the population of natives and long-term immigrants in the absence of recent immigration. I find that immigration over the last three decades can account for a substantial portion of the variation in inequality across the regions. Recent immigration has contributed moderately to national growth in males' earnings inequality, primarily by changing the composition of the population.

  10. Agile software development in an earned value world: a survival guide

    Science.gov (United States)

    Kantor, Jeffrey; Long, Kevin; Becla, Jacek; Economou, Frossie; Gelman, Margaret; Juric, Mario; Lambert, Ron; Krughoff, Simon; Swinbank, John D.; Wu, Xiuqin

    2016-08-01

    Agile methodologies are current best practice in software development. They are favored for, among other reasons, preventing premature optimization by taking a somewhat short-term focus, and allowing frequent replans/reprioritizations of upcoming development work based on recent results and current backlog. At the same time, funding agencies prescribe earned value management accounting for large projects which, these days, inevitably include substantial software components. Earned Value approaches emphasize a more comprehensive and typically longer-range plan, and tend to characterize frequent replans and reprioritizations as indicative of problems. Here we describe the planning, execution and reporting framework used by the LSST Data Management team, that navigates these opposite tensions.

  11. College students' study time: course level, time of semester, and grade earned.

    Science.gov (United States)

    Landrum, R Eric; Turrisi, Rob; Brandel, Jessica M

    2006-06-01

    The association of total study time, number of events, time per event ratio, study strategies, and course grades across the semester were examined by linking students' study logs to course performance. There were 37 upper-division and 109 lower-division participants. Students earning As and Bs studied more frequently at the end of the semester but for shorter periods of time than students earning lower grades. Results are discussed in terms of providing college students and faculty with recommendations about learning strategies and time spent studying.

  12. An attempt to predict the earning status of a thoroughbred in France by genealogical data

    OpenAIRE

    Langlois, Bertrand; Hernu, Vincent

    2003-01-01

    International audience; The objective of this study was to create indicators to predict which horses had more chances to be placed in races than others. The study was limited to genealogical independent variables (i.e. concerning sires, dams, paternal and maternal half sibs of the horse). It concerned the racing career of 60 851 thoroughbreds born in France between 1980 and 1995 (i.e. annual earnings in flat races of 2 to 5 year-olds and in jumping races of 3 to 5 year-olds). The earning stat...

  13. The association between the accuracy of long-run qualitative earnings forecasts by managers and discretionary accounting in the Netherlands

    NARCIS (Netherlands)

    Langendijk, Henk P.A.J.; Dorsman, André B.

    1997-01-01

    Many earnings forecasts studies are conducted for the Anglo-Saxon countries, but to date very few have focused on continental Europe. This paperexamines whether there is a relationship between discretionary accounting and the accuracy of long-run forecasts of annual earnings voluntarilydisclosed by

  14. Earnings and Income Volatility in America: Evidence from Matched CPS. Discussion Paper Series. DP 2010-05

    Science.gov (United States)

    Ziliak, James P.; Hardy, Bradley; Bollinger, Christopher

    2010-01-01

    In this paper we offer new evidence on earnings and income volatility in the United States over the past four decades by using matched data from the March Current Population Survey. We find that between 1973 and 2008 family income volatility rose by 38 percent, primarily as a result of higher volatility of husbands earnings and non means-tested…

  15. The Personal Earnings Distribution: Individual and Institutional Determinants. Final Report for the Period July 1, 1970--October 31, 1973.

    Science.gov (United States)

    Bluestone, Barry A.

    The study investigates the determinants of the earnings distribution in the U.S. paying particular attention to the less-skilled segment of the workforce. A general earnings theory is proposed which has elements of human capital theory, institutional hypotheses, and radical stratification analysis. Much attention is paid to testing the "crowding"…

  16. The Influence of the Status and Sex Composition of Occupations on the Male-Female Earnings Gap

    Science.gov (United States)

    Gunderson, Morley

    1978-01-01

    Reports a study of alternative theories of sex discrimination which imply ambiguous predictions about the relation between the male/female earnings ratio and the status and sex composition of the occupation. Notes that about one-half of the earnings gap between the sexes can be attributed to direct discrimination in the labor market, with…

  17. Ability in Pre-Schoolers, Earnings, and Home-Environment. World Bank Staff Working Paper No. 322.

    Science.gov (United States)

    Grawe, Roger

    This paper explores (on the basis of available data) the role of various family characteristics in fostering abilities in preschool children and the subsequent effect of ability on earnings. The paper is part of an effort to improve the understanding of the process of human capital development as a basic determinant of earnings. Three specific…

  18. 5 CFR 839.1002 - Will OPM compute the lost earnings if my qualifying retirement coverage error was previously...

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 2 2010-01-01 2010-01-01 false Will OPM compute the lost earnings if my... Section 839.1002 Administrative Personnel OFFICE OF PERSONNEL MANAGEMENT (CONTINUED) CIVIL SERVICE... COVERAGE CORRECTIONS ACT Lost Earnings for Certain Make-up Contributions to the TSP § 839.1002 Will...

  19. Earnings Mobility and Low-Wage Employment in Spain: The Role of Job Mobility and Contractual Arrangements

    NARCIS (Netherlands)

    Blázquez Cuesta, M.

    2006-01-01

    The aim of this paper can be summarized as follows. First, I analyze the dynamic nature of the relationship between earnings mobility, job mobility and changes in the contractual arrangements.Second I focus on the evolution of earnings mobility over time. And finally, I concentrate on lowwage employ

  20. Does audit quality influence the relation between earnings management and internal control weakness in the post - SOX period?

    NARCIS (Netherlands)

    van Ravenstein, J.; Georgakopoulos, G.; Kalantonis, P.; Kaldis, P.

    2013-01-01

    Material weaknesses in the internal control system of a company create more opportunities for managers to engage in opportunistic earnings management. In this study the authors investigate the relation between earnings management and disclosed material weaknesses in the internal controls, both under

  1. 48 CFR 352.234-2 - Notice of earned value management system-post-award Integrated Baseline Review.

    Science.gov (United States)

    2010-10-01

    ... management system-post-award Integrated Baseline Review. 352.234-2 Section 352.234-2 Federal Acquisition... Texts of Provisions and Clauses 352.234-2 Notice of earned value management system—post-award Integrated... provision: Notice of Earned Value Management System—Post-Award Integrated Baseline Review (October 2008)...

  2. 48 CFR 352.234-1 - Notice of earned value management system-pre-award Integrated Baseline Review.

    Science.gov (United States)

    2010-10-01

    ... management system-pre-award Integrated Baseline Review. 352.234-1 Section 352.234-1 Federal Acquisition... Texts of Provisions and Clauses 352.234-1 Notice of earned value management system—pre-award Integrated... provision: Notice of Earned Value Management System—Pre-Award Integrated Baseline Review (October 2008)...

  3. Determinants of income-earning strategies and adoption of conservation practices in hillside communities in rural Honduras

    NARCIS (Netherlands)

    Jansen, H.P.G.; Rodriguez, A.; Damon, A.; Pender, J.; Chenier, J.; Schipper, R.A.

    2006-01-01

    Based on the results of participatory diagnostic surveys conducted in 95 rural communities in the hillsides of Honduras, we determine income earning strategies at the community level; identify their main determinants; and analyze the adoption of of conservation practices. Eight income-earning strate

  4. Does audit quality influence the relation between earnings management and internal control weakness in the post - SOX period?

    NARCIS (Netherlands)

    van Ravenstein, J.; Georgakopoulos, G.; Kalantonis, P.; Kaldis, P.

    2013-01-01

    Material weaknesses in the internal control system of a company create more opportunities for managers to engage in opportunistic earnings management. In this study the authors investigate the relation between earnings management and disclosed material weaknesses in the internal controls, both under

  5. 42 CFR 137.66 - May a Self-Governance Tribe keep interest earned on statutorily mandated grant funds?

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false May a Self-Governance Tribe keep interest earned on... HEALTH AND HUMAN SERVICES INDIAN HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES TRIBAL SELF-GOVERNANCE Statutorily Mandated Grants § 137.66 May a Self-Governance Tribe keep interest earned on...

  6. Organisational Innovations in the Integration of Learning and Earning: Professional Development, Curriculum, Student Outcomes and Teacher Education

    Science.gov (United States)

    Singh, Michael; Cui, Guihua; Harreveld, Bobby

    2009-01-01

    This paper reports on a preliminary investigation into organisational innovations in Senior L/earning as these potentially relate to teachers' professional development, the curriculum and the outcomes for young adults. Specifically, this paper focuses on an investigation into organisational innovations in Senior L/earning in Queensland through a…

  7. 26 CFR 1.1402(g)-1 - Treatment of certain remuneration erroneously reported as net earnings from self-employment.

    Science.gov (United States)

    2010-04-01

    ... reported as net earnings from self-employment. 1.1402(g)-1 Section 1.1402(g)-1 Internal Revenue INTERNAL...-Employment Income § 1.1402(g)-1 Treatment of certain remuneration erroneously reported as net earnings from... request, and should indicate clearly that it is a request that, pursuant to section 1402(g) of the...

  8. 5 CFR 839.1004 - Are lost earnings payable if I separated or if the employee died?

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 2 2010-01-01 2010-01-01 false Are lost earnings payable if I separated... MANAGEMENT (CONTINUED) CIVIL SERVICE REGULATIONS (CONTINUED) CORRECTION OF RETIREMENT COVERAGE ERRORS UNDER THE FEDERAL ERRONEOUS RETIREMENT COVERAGE CORRECTIONS ACT Lost Earnings for Certain...

  9. Exploring the Alignment between Post-Secondary Education Programs and Earnings: An Examination of 2005 Ontario Graduates

    Science.gov (United States)

    Frank, Kristyn; Walters, David

    2012-01-01

    This study examines the influence that field of study and level of post-secondary education have on the earnings of recent graduates in Ontario. Graduates of trades, community college, and university programs are compared. Results suggest that graduates of applied and technical programs obtain higher earnings within two years of graduation than…

  10. The Effect of Cash Dividend, Retained Earnings, and Stock Price of Manufacturing Company Listed In Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Farah Margaretha

    2015-03-01

    Full Text Available This study aims to determine the effect of cash dividends per share, retained earnings per share, earnings per share, and leverage on the stock price of manufacture industry in Indonesia from 2008-2012. Research used secondary data in which the source was obtained indirectly through an intermediary medium or data processed from literatures and reports associated with this research. Independent variables in this study (x are cash dividends per share, retained earnings per share, earnings per share, and leverage, while the dependent variable (y is stock price. The samples used were 23 companies with purposive sampling method. The empirical results of this study indicate that cash dividends per share, retained earnings per share, earnings per share, and leverage has significant effect on the stock price. It is therefore the higher stock price will attract investors to invest their money. Hence, companies and investors need to attend cash dividends per share, retained earnings per share, earnings per share, and leverage as factors that affect the increase or decrease of the stock price. 

  11. Impact of the corporate governance characteristics and ownership on earnings quality of the Islamic private banks in Iran

    Directory of Open Access Journals (Sweden)

    Mohammad Khodaei Valahzaghard

    2012-10-01

    Full Text Available This paper investigates corporate governance and ownership effects on earning quality in Iranian private banks. The study uses the information of 12 private banks from year 2005 to 2010 using regression analysis based on panel data. Among different factors, the effect of big five shareholder are considered to be significant and positive on earning quality. In addition, the effect of one variable regression test reveals that institutional ownership has positive impact on earning quality. However, the impacts of other variables including percentage of ownership concentration, the size of board of directors, reliance on debt, logarithm of sum of assets, return of assets, logarithm of operating cash flow on earning quality are not meaningful. The result of this survey indicates that institutional ownership plays an important role earning quality simply because institutions normally have the access on professionals to control management.

  12. A study on relationship between cultural values and earnings quality: A case study on Iranian banking industry

    Directory of Open Access Journals (Sweden)

    Hassan Ghodrati

    2013-06-01

    Full Text Available This performs an empirical investigation to evaluate the relationship between cultural values and earnings quality in some Iranian banks over the period 2005-2011. The individualism, uncertainty avoidance, power distance and masculinity dimensions are regarded as criteria for cultural values. The study also considers change in return on assets and loan loss provisions as the main criteria for earnings quality of banks. For measuring the cultural values, the questionnaire of Hofstede [Hofstede, G. (1994. The business of international business is culture. International business review, 3(1, 1-14.]. The study also uses two measures to calculate earnings quality: 1-just-meet-or-beat the prior year’s earnings and 2- Income smoothing through loan loss provisions based on compound linear regression. Research results showed that there was a weak relationship between cultural values and earnings management.

  13. Trends in Relative Earnings and Marital Dissolution: Are Wives Who Outearn Their Husbands Still More Likely to Divorce?

    Science.gov (United States)

    SCHWARTZ, CHRISTINE R.; GONALONS-PONS, PILAR

    2016-01-01

    As women’s labor-force participation and earnings have grown, so has the likelihood that wives outearn their husbands. A common concern is that these couples may be at heightened risk of divorce. Yet with the rise of egalitarian marriage, wives’ relative earnings may be more weakly associated with divorce than in the past. We examine trends in the association between wives’ relative earnings and marital dissolution using data from the 1968–2009 Panel Study of Income Dynamics. We find that wives’ relative earnings were positively associated with the risk of divorce among couples married in the late 1960s and 1970s, and that this was especially true for wives who outearned their husbands, but this was no longer the case for couples married in the 1990s. Change was concentrated among middle-earning husbands and those without college degrees, a finding consistent with the economic squeeze of the middle class over this period. PMID:27635418

  14. Cash Flows versus Accounting Earnings in Managing Exchange Rate Exposures: An Empirical Study of Non-Financial Companies

    DEFF Research Database (Denmark)

    Aabo, Tom

    Financial theory argues that companies should manage cash flows and not accounting earnings when they hedge exchange rate exposures. Still, empirical evidence shows that a number of companies choose to manage accounting earnings. This empirical study of Danish, non-financial companies finds (1...... for profitability) in company characteristics between the group of companies that manage cash flows versus the group of companies that manage accounting earnings as a first priority. The decision in real business on whether to manage cash flows or accounting earnings when hedging exchange rate exposures seems......) that when hedging the majority of companies expect to add value to their company by avoiding financial distress (reduce down side risk), (2) that when hedging managing cash flows versus managing accounting earnings as a first priority splits the companies in two, (3) a lack of difference (except...

  15. The Earnings Impact of Training Duration in a Developing Country. An Ordered Probit Selection Model of Colombia's "Servicio Nacional de Aprendizaje" (SENA).

    Science.gov (United States)

    Jimenez, Emmanuel; Kugler, Bernardo

    1987-01-01

    Estimates the earnings impact of an extensive inservice training program in the developing world, Colombia's Servicio Nacional de Aprendizaje (SENA), through a comparison of nongraduates' and graduates' earnings profiles. (JOW)

  16. The Earnings Impact of Training Duration in a Developing Country. An Ordered Probit Selection Model of Colombia's "Servicio Nacional de Aprendizaje" (SENA).

    Science.gov (United States)

    Jimenez, Emmanuel; Kugler, Bernardo

    1987-01-01

    Estimates the earnings impact of an extensive inservice training program in the developing world, Colombia's Servicio Nacional de Aprendizaje (SENA), through a comparison of nongraduates' and graduates' earnings profiles. (JOW)

  17. An investigate on relationship between moral hazard and corporate governance with earning forecast quality in the Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Seyed ahmad Khalifehsultani

    2012-09-01

    Full Text Available Moral hazard and corporate governance are important factors in determining market transparency. The proposed study of this paper investigates the effects of these two factors on earning quality as well as forecasted earning in Tehran Stock Exchange. We have selected some stocks based on some predefined circumstances and extracted some necessary information over the period of 2005-2010. Based on these criteria, the information of 132 firms are qualified for the proposed study of this paper using 792 years/firm from 23 industries. There are two hypotheses associated with this study. According to the first hypothesis, we investigate whether there is a relationship between board of director independency and quality of forecasted earning. In the second hypothesis, we look to find out whether there is a relationship between the size of board of directors and quality of forecasted earning. We have used three models and using ordinary regression analysis tried to test the models. Based on the results of the survey, we have concluded that moral hazard does not influence forecasted earning, significantly. However, the results of this survey concluded that there is a meaningful relationship between forecasted earning and quality of earning. In terms of members of editorial board, quality of earning has a reverse relationship with absolute deviation of forecasted earning. In other words, as the number of editorial board increases, we may expect a more precise earning estimation. The other observation is that non-board member's duties have better motivation to contribute to firms and could make some changes.

  18. 77 FR 49029 - Submission for Review: Annuity Supplement Earnings Report, RI 92-22

    Science.gov (United States)

    2012-08-15

    ... MANAGEMENT Submission for Review: Annuity Supplement Earnings Report, RI 92- 22 AGENCY: U.S. Office of Personnel Management. ACTION: 60-Day Notice and request for comments. SUMMARY: The Retirement Services, Office of Personnel Management (OPM) offers the general public and other federal agencies the...

  19. An Analysis of the Sources of Earnings Variation among Brazilian Males.

    Science.gov (United States)

    Dabos, Marcelo, Psacharopoulos, George

    1991-01-01

    Uses 1980 Brazilian census data to analyze sources of earnings variations, emphasizing the role of education, labor segmentation, geographic location, and sector of economic activity. Results indicate a sizable rate of return to investment in education across labor market segments, especially among rural and self-employed workers. Internal…

  20. The Quality of Education and Cohort Variation in Black-White Earnings Differentials: Reply.

    Science.gov (United States)

    Welch, Finis

    1980-01-01

    Examines the methodology used by the authors of the article immediately preceding this one. Questions both the use of expenditure per student as a measure of educational quality and the cohort effect's influence on the differences in the wage earnings of Blacks and Whites. Available from American Economic Review, 1313 21st Avenue So., Suite 809,…

  1. The Quality of Education and Cohort Variation in Black-White Earnings Differentials: Comment.

    Science.gov (United States)

    Akin, John S.; Garfinkel, Irv

    1980-01-01

    Even after controlling for quality, ability, and motivation, a large difference in predicted earnings for Whites and Blacks was found. The returns to years of education for Whites are approximately three percentage points greater than for Blacks at every working age. Available from American Economic Review, 1313 21st Avenue So., Suite 809,…

  2. Should Earnings per Share (EPS) Be Taught as a Means of Comparing Intercompany Performance?

    Science.gov (United States)

    Jordan, Charles E.; Clark, Stanley J.; Smith, W. Robert

    2007-01-01

    Accounting standards state that the purpose of presenting earnings per share (EPS) is to provide financial statement users with information on the performance of a single entity. Yet, several textbook authors go further to state that EPS can be used to make comparisons among firms. In this article, the authors show that although EPS comparisons…

  3. The Effects of Race and Sex Discrimination on Early-Career Earnings.

    Science.gov (United States)

    Kohen, Andrew I.; Roderick, Roger D.

    The study uses a multiple-equation model of earnings determination to assess and measure the impact of labor market discrimination according to race and sex. Focusing on full-time, nonresident workers 18-25 years of age in 1968-69, the observed intercolor and intersex wage differentials are decomposed according to their sources. While less than…

  4. The long-term effects of bilingualism on children of immigration: student bilingualism and future earnings

    NARCIS (Netherlands)

    Agirdag, O.

    2014-01-01

    In this study, we examine the largely neglected long-term effects of bilingualism for students with roots in immigration. Our central research question is whether students' bilingual proficiencies have an impact on their future earnings in the USA. For this purpose, we used two different data-sets,

  5. 75 FR 54285 - Improvements to the Supplemental Security Income Program-Heroes Earnings Assistance and Relief...

    Science.gov (United States)

    2010-09-07

    ... Earnings Assistance and Relief Tax Act of 2008 (HEART Act) AGENCY: Social Security Administration. ACTION... Security Income (SSI) program made by the HEART Act. The HEART Act changes the way we treat certain cash..., generally providing a higher SSI benefit (section 201(a) of the HEART Act); Excluding from countable income...

  6. 75 FR 56858 - Improvements to the Supplemental Security Income Program-Heroes Earnings Assistance and Relief...

    Science.gov (United States)

    2010-09-17

    ... ADMINISTRATION 20 CFR Part 416 RIN 0960-AH00 Improvements to the Supplemental Security Income Program--Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act) AGENCY: Social Security Administration. ACTION... Income (SSI) program made by the HEART Act. We inadvertently stated the RIN incorrectly as 0960- AD78...

  7. Husbands' and Wives' Relative Earnings: Exploring Variation by Race, Human Capital, Labor Supply, and Life Stage

    Science.gov (United States)

    Winslow-Bowe, Sarah

    2009-01-01

    Whereas much research has explored the causes and consequences of the gender wage gap, far less has examined earnings differentials within marriage. This article contributes to this literature by utilizing the 2000 wave of the 1979 National Longitudinal Survey of Youth to examine variation in husbands' and wives' relative income by race/ethnicity,…

  8. Telecommuting and Earnings Trajectories Among American Women and Men 1989–2008

    Science.gov (United States)

    Glass, Jennifer L.; Noonan, Mary C.

    2016-01-01

    While flexibility in the location of work hours has shown positive organizational effects on productivity and retention, less is known about the earnings effects of telecommuting. We analyze weekly hours spent working from home using the 1989–2008 panels of the National Longitudinal Study of Youth. We describe the demographic and occupational characteristics of the employees engaged in telecommuting, then track their earnings growth with fixed-effects models, focusing on gender and parental status. Results show substantial variation in the earnings effects of telecommuting based on the point in the hours distribution worked from home. Working from home rather than the office produces equal earnings growth in the first 40 hours worked, but “taking work home” or overtime telecommuting yields significantly smaller increases than overtime worked on-site. Yet most observed telecommuting occurs precisely during this low-yield overtime portion of the hours distribution. Few gender or parental status differences emerged in these processes. These trends reflect potentially widespread negative consequences of the growing capacity of workers to perform their work from any location. Rather than enhancing true flexibility in when and where employees work, the capacity to work from home mostly extends the work day and encroaches into what was formerly home and family time. PMID:27833214

  9. Telecommuting and Earnings Trajectories Among American Women and Men 1989-2008.

    Science.gov (United States)

    Glass, Jennifer L; Noonan, Mary C

    2016-09-01

    While flexibility in the location of work hours has shown positive organizational effects on productivity and retention, less is known about the earnings effects of telecommuting. We analyze weekly hours spent working from home using the 1989-2008 panels of the National Longitudinal Study of Youth. We describe the demographic and occupational characteristics of the employees engaged in telecommuting, then track their earnings growth with fixed-effects models, focusing on gender and parental status. Results show substantial variation in the earnings effects of telecommuting based on the point in the hours distribution worked from home. Working from home rather than the office produces equal earnings growth in the first 40 hours worked, but "taking work home" or overtime telecommuting yields significantly smaller increases than overtime worked on-site. Yet most observed telecommuting occurs precisely during this low-yield overtime portion of the hours distribution. Few gender or parental status differences emerged in these processes. These trends reflect potentially widespread negative consequences of the growing capacity of workers to perform their work from any location. Rather than enhancing true flexibility in when and where employees work, the capacity to work from home mostly extends the work day and encroaches into what was formerly home and family time.

  10. Immigration and the Earnings of Youth in the U.S.

    Science.gov (United States)

    Matta, Benjamin N.; Popp, Anthony V.

    1988-01-01

    Measures the effect of immigration on the earnings of U.S.-born males, ages 14 to 24. Findings include the following: (1) pre-1965 immigrants have a positive impact; (2) recent immigrants have a negative impact; and (3) negative impact diminishes as the youth ages. (FMW)

  11. A Comparison of the Processes of Earning Achievement of Black and White Married Females.

    Science.gov (United States)

    Christenson, Bruce A.

    A socioeconomic life cycle model consisting of six temporally-ordered stages is used to compare the impact of family background, educational achievement, early occupational achievement, and current family and work role variables on the 1966 earning achievement of a nationally representative sample of black and white married women, ages 30 to 44. A…

  12. Earnings Expectation and Graduate Employment: Evidence from Recent Chinese College Graduates

    Science.gov (United States)

    Po, Yang

    2011-01-01

    Chinese college graduates have faced increasing labor market competition since the expansion of tertiary education. Given rigid market demand, graduates with realistic earnings expectations may experience a more efficient job search. Using the 2008 MYCOS College Graduate Employment Survey, this study finds that a 1000 yuan reduction in a…

  13. From Hard Times to Better Times: College Majors, Unemployment, and Earnings

    Science.gov (United States)

    Carnevale, Anthony P.; Cheah, Ban

    2015-01-01

    This third installment of "Hard Times" updates the previous analyses of college majors, unemployment, and earnings over the Great Recession. While there is wide variation by college majors, hard times have become better times for most college graduates, but the recovery is far from complete. Hard times are becoming better times for most…

  14. 76 FR 26705 - Proposed Information Collection; Comment Request; Commercial Fishing Vessel Cost and Earnings...

    Science.gov (United States)

    2011-05-09

    ... Commerce, to make informed decisions about the expected economic effects of proposed management...; Commercial Fishing Vessel Cost and Earnings Data Collection Survey in the Northeast Region AGENCY: National... legislative requirements of the Magnuson-Stevens Fishery Conservation and Management Act, the...

  15. Over-education and earnings: Where are we, where should we go?

    NARCIS (Netherlands)

    J. Hartog

    2000-01-01

    Drawing on empirical studies from five countries spanning an interval of two decades, regularities in the incidence of over- and undereducation are outlined, as well as consequences for individual earnings. The results are confronted with three theoretical models (search, human capital and assignmen

  16. Husbands' and Wives' Relative Earnings: Exploring Variation by Race, Human Capital, Labor Supply, and Life Stage

    Science.gov (United States)

    Winslow-Bowe, Sarah

    2009-01-01

    Whereas much research has explored the causes and consequences of the gender wage gap, far less has examined earnings differentials within marriage. This article contributes to this literature by utilizing the 2000 wave of the 1979 National Longitudinal Survey of Youth to examine variation in husbands' and wives' relative income by race/ethnicity,…

  17. Factors of the Earning Functions and Their Influence on the Intellectual Capital of an Organization

    Science.gov (United States)

    Ileanu, Bogdan Vasile; Tanasoiu, Ovidiu Emil

    2008-01-01

    This paper tries to consider some earning function as "start point" for the construction of indicators for intellectual capital measure. The analyze combines concepts from Mincer's and Becker theories and intellectual capital definitions currently in use. The correlation, significance and relation between elements are shown using three econometric…

  18. Does Book Values and Earnings Affect Equity Values of Corporate Entities in Nigeria?

    Directory of Open Access Journals (Sweden)

    Edirin Jeroh

    2016-12-01

    Full Text Available In this study, we appraised the effect which book values and earnings would have on equity values of quoted corporate entities in Nigeria. In view of this, we obtained secondary data from the published reports of 105 firms selected for this study. The study period was 10 years (2005 – 2014. The regression technique was employed to analyse the data sourced from the annual accounts of sampled entities. Additionally, the Breusch-Pagan/ Cook-Weisberg Test was employed along with the VIF Test to verify whether the sourced data were normally distributed or whether there was presence of multicollinearity among the explanatory variables. Results from our analysis revealed inter alia, that book value per share and earnings jointly had significant and positive effect on equity values of Nigerian quoted firms. Given the level of significance of earnings in attempting to ascertain equity values of Nigerian firms, it was thus recommend that regulatory bodies like the Financial Reporting Council of Nigeria among others should develop enforceable strategies and sanctions that would discourage and eliminate any form of earnings manipulation that may distort the information reported in the financial statements of quoted corporate entities in Nigeria.

  19. Separating the Stock Market′s Reaction to Simultaneous Dividend and Earnings Announcements

    DEFF Research Database (Denmark)

    Sponholtz, Carina Margit

    asymmetries between shareholders and management. We find that the stock market reacts to surprise in management forecasts of next year's earnings and the current dividend. Additional breakdowns reveal that the signalling models and free cash flow hypothesis provide explanations for separate components...... of the market reaction. Thus, our results do not support the dividend irrelevancy proposition....

  20. Earnings Profiles of Department Heads: Comparing Cross-Sectional and Panel Models.

    Science.gov (United States)

    Ragan, James F., Jr.; Rehman, Qazi Najeeb

    1996-01-01

    A cross-sectional study of 842 faculty who served as department heads between 1965-92 was compared with 170 in a panel study for whom earnings were estimated using a personal effects model. The average chair received a 12% wage premium for administrative service. Skill depreciation was most severe and wage growth most adversely affected in the…

  1. Earnings benchmarks, information systems, and their impact on the degree of honesty in managerial reporting

    NARCIS (Netherlands)

    Cardinaels, Eddy

    This paper provides experimental evidence about how the interaction between a company's earnings and its information system influences the degree of honest reporting by managers in a capital budgeting task. Specifically, the results show that participants overstate cost less when the manager's cost

  2. A Hand Up: How State Earned Income Tax Credits Help Working Families Escape Poverty. 2000 Edition.

    Science.gov (United States)

    Johnson, Nicholas

    An Earned Income Tax Credit (EITC) is a tax reduction and a wage supplement for low- and moderate-income working families. The federal government, and some states, administer an EITC through the income tax. States that enact EITCs can reduce child poverty, support welfare-to-work efforts, and cut taxes for families struggling to make ends meet.…

  3. A Hand Up: How State Earned Income Tax Credits Help Working Families Escape Poverty. 1999 Edition.

    Science.gov (United States)

    Johnson, Nicholas

    An Earned Income Tax Credit (EITC) is a tax reduction and a wage supplement for low- and moderate-income working families. The federal government administers an EITC through the income tax, as do some states. States that enact EITCs can reduce child poverty, support welfare-to-work efforts, and cut taxes for families struggling to make ends meet.…

  4. Immigration and earnings inequality in America's new small-town destinations.

    Science.gov (United States)

    Hyde, Allen; Pais, Jeremy; Wallace, Michael

    2015-01-01

    Research on the relationship between immigrant population concentration and earnings inequality is divided between two perspectives. Supply-side arguments maintain that areas attracting large numbers of immigrants experience minimal wage growth at the bottom of the earnings distribution, which increases local levels of earnings inequality. Demand-side arguments contend that industrial restructuring reduces the pay of manual labor regardless of, and even prior to, the arrival of foreign-born workers. Adjudicating between these two perspectives is hindered by issues of potential endogeneity, which confound attempts to independently assess the effects of immigration on inequality or vice versa using OLS regression. We consider a third perspective called the reciprocal effects hypothesis which contends that immigrant concentration and earnings inequality emerge together through a mutually reinforcing feedback process. We explore this question in America's "new small-town destinations" using data from U.S. micropolitan statistical areas. We use three-stage least squares estimation to address the endogeneity problem and to test these three hypotheses. While we find support for both the supply- and demand-side perspectives, the results are best explained by the reciprocal effects hypothesis.

  5. 49 CFR 536.6 - Treatment of credits earned prior to model year 2011.

    Science.gov (United States)

    2010-10-01

    ... 49 Transportation 6 2010-10-01 2010-10-01 false Treatment of credits earned prior to model year 2011. 536.6 Section 536.6 Transportation Other Regulations Relating to Transportation (Continued) NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION, DEPARTMENT OF TRANSPORTATION TRANSFER AND TRADING OF FUEL ECONOMY CREDITS § 536.6 Treatment of...

  6. 49 CFR 526.5 - Earning offsetting monetary credits in future model years.

    Science.gov (United States)

    2010-10-01

    ... 49 Transportation 6 2010-10-01 2010-10-01 false Earning offsetting monetary credits in future model years. 526.5 Section 526.5 Transportation Other Regulations Relating to Transportation (Continued) NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION, DEPARTMENT OF TRANSPORTATION PETITIONS AND PLANS FOR RELIEF UNDER THE AUTOMOBILE FUEL EFFICIENCY...

  7. The relationship between perceived competence and earned credits in competence-based higher education

    NARCIS (Netherlands)

    Kamphorst, J. C.; Hofman, W. H. A.; Jansen, E. P. W. A.; Terlouw, C.

    2013-01-01

    We explored how two types of study outcomes, perceived competence and earned credits, are interrelated, and influenced by self-regulation, motivation (intrinsic value and expectancy of procrastination) and deep approach to learning. The relationships between these variables were analysed in a sample

  8. The Effects of Race and Sex Discrimination on Early-Career Earnings.

    Science.gov (United States)

    Kohen, Andrew I.; Roderick, Roger D.

    The study uses a multiple-equation model of earnings determination to assess and measure the impact of labor market discrimination according to race and sex. Focusing on full-time, nonresident workers 18-25 years of age in 1968-69, the observed intercolor and intersex wage differentials are decomposed according to their sources. While less than…

  9. Relative Spousal Earnings and Marital Happiness among African American and White Women

    Science.gov (United States)

    Furdyna, Holly E.; Tucker, M. Belinda; James, Angela D.

    2008-01-01

    The distinctive economic histories of African American and White wives suggest that involvement in household income production holds contextually situated unique meanings for these groups. Yet research has not addressed racial differences in the effects of relative earnings on marital well-being. Surveying 431 employed wives in 21 U.S. cities, we…

  10. Earnings Expectation and Graduate Employment: Evidence from Recent Chinese College Graduates

    Science.gov (United States)

    Po, Yang

    2011-01-01

    Chinese college graduates have faced increasing labor market competition since the expansion of tertiary education. Given rigid market demand, graduates with realistic earnings expectations may experience a more efficient job search. Using the 2008 MYCOS College Graduate Employment Survey, this study finds that a 1000 yuan reduction in a…

  11. 20 CFR 404.1091 - Figuring net earnings for ministers and members of religious orders.

    Science.gov (United States)

    2010-04-01

    ... FEDERAL OLD-AGE, SURVIVORS AND DISABILITY INSURANCE (1950- ) Employment, Wages, Self-Employment, and Self-Employment Income Self-Employment Income § 404.1091 Figuring net earnings for ministers and members of... a member of a religious order who has not taken a vow of poverty, we consider you to be engaged in...

  12. Pay Differences among the Highly Trained: Cohort Differences in the Sex Gap in Lawyers' Earnings

    Science.gov (United States)

    Noonan, Mary C.; Corcoran, Mary E.; Courant, Paul N.

    2005-01-01

    Using unique data from a survey of University of Michigan Law School graduates, we test various models of how sex differences in pay, labor supply and job settings should have evolved as women entered the elite male field of law. We compare the sex gap in earnings 15 years after graduation for two cohorts of lawyers and find that it has remained…

  13. Food self-sufficiency versus foreign currency earnings in the Sudanese irrigated agriculture

    Directory of Open Access Journals (Sweden)

    Khalid H.A. Siddig

    2013-01-01

    Full Text Available The analysis undertaken in this paper applies a multimarket model to simulate two policy measures based on the assumption that the government of Sudan would pursue two policies on the Gezira scheme the biggest irrigated scheme in Africa in attempts to achieve food self-sufficiency from wheat (major food crop, or to improve the foreign exchange earnings from cotton (major cash crop through expanding their portions of cultivated land. The paper investigates the implications of each scenario on crops output, food self-sufficiency indicators and tenants’ welfare. Findings show that, the food security scenario raises self-sufficiency from wheat by 40% and reduces it for sorghum by 4%. However, it reduces the welfare level as the earnings from exports and revenues from tariffs decline. The foreign earning scenario on the other hand, improves the overall foreign earnings and enhances farmers’ welfare. Nonetheless, the study suggests that none of the two policies would achieve both objectives alone, hence it is recommended that, both policies are to be considered in a policy package that considers as well other related components.

  14. Ethics and Ethos in Financial Reporting: Analyzing Persuasive Language in Earnings Calls

    Science.gov (United States)

    Crawford Camiciottoli, Belinda

    2011-01-01

    In response to ongoing concerns about financial ethics, this study analyzes the speech of company executives in quarterly earnings conference calls to understand strategic usage of ethics-related language. Against the backdrop of the recent global financial crisis, the Aristotelian concept of ethos provides a framework to investigate linguistic…

  15. Earning money spouses intellectuals Naddnipryans’kа Ukraine (60 - 80’s. XIX century

    Directory of Open Access Journals (Sweden)

    A. I. Nikitenko

    2015-07-01

    The study concludes that ucrainophiles intellectuals had few options for earning money. The pays obtained in the civil service was often not enough for ensuring the basic needs of the couples that gave rise to financial problems. Interest in the ideas of social equality, prejudiced attitude towards capital and business repelled the majority of ucrainophiles from private enterpreneurship.

  16. Age, education, and earnings in the course of Brazilian development: Does composition matter?

    Directory of Open Access Journals (Sweden)

    Ernesto Friedrich de Lima Amaral

    2013-03-01

    Full Text Available BACKGROUND The impacts of shifts in the age distribution of the working-age population have been studied in relation to the effect of the baby boom generation on the earnings of different cohorts in the U.S. However, this topic has received little attention in the context of the countries of Asia and Latin America, which are now experiencing substantial shifts in their age-education distributions. OBJECTIVE In this analysis, we estimate the impact of the changing relative size of the adult male population, classified by age and education groups, on the earnings of employed men living in 502 Brazilian local labor markets during four time periods between 1970 and 2000. METHODS Taking advantage of the huge variation across Brazilian local labor markets and demographic census micro-data, we used fixed effects models to demonstrate that age-education group size depresses earnings. RESULTS These effects are more detrimental among age-education groups with higher education, but they are becoming less negative over time. The decrease in the share of workers with the lowest level of education has not led to gains in the earnings of these workers in recent years. CONCLUSIONS These trends might be a consequence of technological shifts and increasing demand for labor with either education or experience. Compositional shifts are influential, which suggests that this approach could prove useful in studying this central problem in economic development.

  17. The Impact on Annual Earnings of Adult Upper Secondary Education in Sweden

    Science.gov (United States)

    Stenberg, Anders

    2010-01-01

    The public supply of adult education is very different between countries, making it likely that there is scope for efficiency gains. The contribution of this paper is to provide an economic evaluation of the earnings impact of adult education at upper secondary level (AE) in Sweden, where the supply is plausibly larger than in any other country.…

  18. Valuable Learning or "Spinning Their Wheels"? Understanding Excess Credits Earned by Community College Associate Degree Completers

    Science.gov (United States)

    Zeidenberg, Matthew

    2015-01-01

    Objective: Excess credits earned by college students, over and above those required to complete their programs of study, have become increasingly a subject of interest and concern. There has been almost no research on the extent of these credits. This study focuses on all of the associate degree programs within one state's community college system…

  19. Language Skills and Earnings: Evidence from a Pre-Industrial Economy in the Bolivian Amazon

    Science.gov (United States)

    Godoy, Ricardo; Reyes-Garcia, Victoria; Seyfried, Craig; Huanca, Tomas; Leonard, William R.; McDade, Thomas; Tanner, Susan; Vadez, Vincent

    2007-01-01

    Among linguistic minorities of industrial nations proficiency speaking the dominant national language increases earnings and wages, but do similar results apply to autarkic linguistic minorities of developing nations? We contribute to studies of the returns to language skills by applying the human-capital approach to a society of hunters,…

  20. The Implications of Differences between Employer and Worker Employment/Earnings Reports for Policy Evaluation

    Science.gov (United States)

    Wallace, Geoffrey L.; Haveman, Robert

    2007-01-01

    Differences in administrative (UI) and survey (S) records on employment and earnings have substantial implications for assessing the impact of a variety of public interventions, such as welfare-to-work and employment training programs, and especially the state-oriented welfare reform legislation of 1996. We use data from the 1998 and 1999 waves of…

  1. Measuring the Accountability of CTE Programs: Factors that Influence Postcollege Earnings among Community College Students

    Science.gov (United States)

    Maguire, Kenneth J.; Starobin, Soko S.; Laanan, Frankie Santos; Friedel, Janice N.

    2012-01-01

    In this study specific factors were examined to determine their ability to influence fifth-year earnings of community college students in the Manufacturing/Science, Technology, Engineering and Math (STEM) career cluster and the Arts/Audiovisual/Technology/ Communication career cluster. State and national data sets from Iowa's Management…

  2. Earnings benchmarks, information systems, and their impact on the degree of honesty in managerial reporting

    NARCIS (Netherlands)

    Cardinaels, Eddy

    2016-01-01

    This paper provides experimental evidence about how the interaction between a company's earnings and its information system influences the degree of honest reporting by managers in a capital budgeting task. Specifically, the results show that participants overstate cost less when the manager's cost

  3. CORPORATE GOVERNANCE MECHANISMS AND EARNINGS MANAGEMENT: A STATE OF THE ART

    Directory of Open Access Journals (Sweden)

    Vladu Alina Beattrice

    2015-07-01

    Full Text Available Extant research have for long identified that corporate governance has the potential to affect both financial performance and the opportunistic behavior of managers. Studies on the influence of corporate governance mechanisms on firm performance do not often assess the possibility that reported earnings can be misrepresented by managers with the scope of achieving various objectives. This paper examines the relationship between corporate governance mechanisms and earnings management practices. According to prior empirical studies in the field, corporate governance can reduce the extent of manipulative practices and increase the quality of financial reporting. As stated above, this study examined prior research investigating different corporate governance mechanisms that can have negative impact on earnings management practices. In this regard the legal system and the effects of takeover were examined as external mechanisms of corporate governance on manipulative behavior of managers. Internal mechanisms of corporate governance were also assessed. Board independence was found to enhance certain monitoring behaviors of managers while an audit committee can oversee the internal control for financial reporting and the quality of financial information. This paper contributes to corporate governance literature by providing detailed reviews of different corporate governance mechanisms on the most documented practice of creative accounting: earnings management. Limits of the current research are explored as well as the scope for future research.

  4. 26 CFR 1.537-2 - Grounds for accumulation of earnings and profits.

    Science.gov (United States)

    2010-04-01

    ... Shareholders § 1.537-2 Grounds for accumulation of earnings and profits. (a) In general. Whether a particular... of the business: (1) Loans to shareholders, or the expenditure of funds of the corporation for the personal benefit of the shareholders; (2) Loans having no reasonable relation to the conduct of...

  5. 26 CFR 1.532-1 - Corporations subject to accumulated earnings tax.

    Science.gov (United States)

    2010-04-01

    ... Shareholders § 1.532-1 Corporations subject to accumulated earnings tax. (a) General rule. (1) The tax imposed... of the individual income tax on its shareholders, or on the shareholders of any other corporation, by... § 1.533-1, relating to evidence of purpose to avoid income tax with respect to shareholders. (2)...

  6. The long-term effects of bilingualism on children of immigration: student bilingualism and future earnings

    NARCIS (Netherlands)

    Agirdag, O.

    2014-01-01

    In this study, we examine the largely neglected long-term effects of bilingualism for students with roots in immigration. Our central research question is whether students' bilingual proficiencies have an impact on their future earnings in the USA. For this purpose, we used two different data-sets,

  7. Educational Attainment and Earnings Inequality among US-Born Men: A Lifetime Perspective

    Science.gov (United States)

    Mitchell, Josh

    2014-01-01

    Since the onset of the Great Recession over six years ago, restoring full employment has been the most urgent labor market priority. As the economy slowly recovers, long-term labor market challenges will receive renewed attention. Among the most significant is the growing earnings divide between different types of workers and the potential role of…

  8. Discussion of “Are CEOs compensated for value destroying growth in earnings?”

    NARCIS (Netherlands)

    I. Dittmann (Ingolf)

    2010-01-01

    textabstractThis discussion provides several explanations for the evidence presented in Balachandran and Mohanram (2010) that are consistent with efficient contracting. I also show that—contrary to the suggestion of the title—CEOs do not benefit from value destroying growth in earnings. Finally, I

  9. Consequences for Future Return with Earnings Management through Real Operating Activities

    Directory of Open Access Journals (Sweden)

    César Medeiros Cupertino

    2016-08-01

    Full Text Available ABSTRACT This article analyzes earnings management through real operating activities by firms in the Brazilian capital market. This way of manipulating outcomes takes place when managers make suboptimal decisions in terms of timing and volume of operating activities. This study tests the hypothesis that firms engaged in earnings management through real operating activities might have a negative impact on future returns. Our analysis is restricted to nonfinancial firms listed on the Brazilian Securities, Commodities, and Futures Exchange (BM&FBOVESPA with annual data made available by the Economatica(r for the years from 1989 to 2012. Empirical tests involving regression on panel data and estimation of future firm returns and outcomes indicate a negative impact on return on assets (ROA related to manipulation through real operating activities. This finding is useful for several stakeholders. It demonstrates that manipulation through real operating activities takes place in the Brazilian capital market, suggesting that earnings management extends beyond discretionary accounting choices in this country. The main contribution is demonstrating a negative relation between earnings management by using real operating activities and future returns. This finding is relevant for investors, particularly for the purposes of comparison and valuation of securities.

  10. Evaluating Federal Information Technology Program Success Based on Earned Value Management

    Science.gov (United States)

    Moy, Mae N.

    2016-01-01

    Despite the use of earned value management (EVM) techniques to track development progress, federal information (IT) software programs continue to fail by not meeting identified business requirements. The purpose of this logistic regression study was to examine, using IT software data from federal agencies from 2011 to 2014, whether a relationship…

  11. Assessing the Impact of Gender and Race on Earnings in the Library Science Labor Market

    Science.gov (United States)

    Sweeper, Darren; Smith, Steven A.

    2010-01-01

    Using data from the 2003 National Survey of College Graduates, this paper examines earnings in the library science labor market and assesses the impact of gender on the income attainment process. We use this cross-sectional dataset to determine if there are significant income differences between male and female library science professionals. The…

  12. Ethics and Ethos in Financial Reporting: Analyzing Persuasive Language in Earnings Calls

    Science.gov (United States)

    Crawford Camiciottoli, Belinda

    2011-01-01

    In response to ongoing concerns about financial ethics, this study analyzes the speech of company executives in quarterly earnings conference calls to understand strategic usage of ethics-related language. Against the backdrop of the recent global financial crisis, the Aristotelian concept of ethos provides a framework to investigate linguistic…

  13. Comparative Study of University and Polytechnic Graduates in Finland: Implications of Higher Education on Earnings

    Science.gov (United States)

    Xia, Belle Selene; Liitiainen, Elia; Rekola, Mika

    2012-01-01

    This study explores the implications of higher education on earnings in Finland. The challenges as well as opportunities of obtaining a university degree as compared to graduating from polytechnics are evaluated using the REFLEX (The Flexible Professional in the Knowledge Society) data. As a Nordic country, Finland is known for its educated…

  14. The Long-Term Effects of Bilingualism on Children of Immigration: Student Bilingualism and Future Earnings

    Science.gov (United States)

    Agirdag, Orhan

    2014-01-01

    In this study, we examine the largely neglected long-term effects of bilingualism for students with roots in immigration. Our central research question is whether students' bilingual proficiencies have an impact on their future earnings in the USA. For this purpose, we used two different data-sets, i.e. the National Education Longitudinal…

  15. The relationship between perceived competence and earned credits in competence-based higher education

    NARCIS (Netherlands)

    Kamphorst, J. C.; Hofman, W. H. A.; Jansen, E. P. W. A.; Terlouw, C.

    2013-01-01

    We explored how two types of study outcomes, perceived competence and earned credits, are interrelated, and influenced by self-regulation, motivation (intrinsic value and expectancy of procrastination) and deep approach to learning. The relationships between these variables were analysed in a sample

  16. Do Former College Athletes Earn More at Work? A Nonparametric Assessment

    Science.gov (United States)

    Henderson, Daniel J.; Olbrecht, Alexandre; Polachek, Solomon W.

    2006-01-01

    This paper investigates how students' collegiate athletic participation affects their subsequent labor market success. By using newly developed techniques in nonparametric regression, it shows that on average former college athletes earn a wage premium. However, the premium is not uniform, but skewed so that more than half the athletes actually…

  17. Earnings Differentials Between Whites and Ethnic Minorities: The Cases of Asian Americans, Blacks, and Chicanos

    Science.gov (United States)

    Jiobu, Robert M.

    1976-01-01

    The three aspects of the differential earnings between non-Spanish surnamed, native-born whites and blacks, Chinese, Mexican, and Japanese Americans considered are: (1) rates of return on age, education, and occupation; (2) the net cost of minority status; and (3) the possible effects of raising minority socioeconomic status to white levels. (NQ)

  18. The impact of the crisis on earnings and income distribution in the EU

    NARCIS (Netherlands)

    de Beer, P.

    2012-01-01

    Although the economic crisis that started in 2008 hit all EU member states hard, the impact of the crisis on employment, unemployment, earnings and inequality varied considerably. This paper analyses the variation in the consequences of the crisis among the member states of the EU. First, it discuss

  19. Earnings Expectations of Typical South African University of Technology First-Year Students

    Science.gov (United States)

    van der Merwe, Alex

    2011-01-01

    Human capital theory holds that a higher education will be pursued to the extent that its pecuniary rewards outstrip its costs. This notion is founded on the neoclassical economic assumption that expected earnings conditional on educational investment are accurately anticipated by those considering such investments. However, the evidence in…

  20. The Time-Varying Volatility of Earnings and Aggregate Precautionary Savings

    NARCIS (Netherlands)

    L.C.G. Pozzi (Lorenzo)

    2011-01-01

    textabstractMicro data are used for the US over the period 1968 - 1992 to estimate time-varying specifications for the conditional variance of earnings of individual households. Specifications estimated are standard and quadratic ARCH and GARCH processes. The cross-sectional mean of the estimated

  1. College Student Engagement and Early Career Earnings: Differences by Gender, Race/Ethnicity, and Academic Preparation

    Science.gov (United States)

    Hu, Shouping; Wolniak, Gregory C.

    2013-01-01

    Using longitudinal data from the 2001 cohort of applicants to the Gates Millennium Scholars (GMS) program, the authors examined scaled measures of academic and social engagement in relation to labor market earnings to test whether the economic value of student engagement among high-achieving students of color differs by student characteristics.…

  2. Separating the Stock Market′s Reaction to Simultaneous Dividend and Earnings Announcements

    DEFF Research Database (Denmark)

    Sponholtz, Carina Margit

    asymmetries between shareholders and management. We find that the stock market reacts to surprise in management forecasts of next year's earnings and the current dividend. Additional breakdowns reveal that the signalling models and free cash flow hypothesis provide explanations for separate components...... of the market reaction. Thus, our results do not support the dividend irrelevancy proposition....

  3. Social interaction in the labor market : Essays on earnings inequality, labor substitutability, and segregation

    NARCIS (Netherlands)

    Kahanec, M.

    2006-01-01

    Why are most minority groups relatively poor? Why are they poorer in regions where they constitute a relatively large share of the population? Why desegregation of minority people goes hand in hand with increasing inter-ethnic earnings differential? And what are the mutual effects of the presence of

  4. Strategies for Professors Who Service the University to Earn Tenure and Promotion

    Science.gov (United States)

    Gentry, Ruben; Stokes, Dorothy

    2015-01-01

    Tenure and promotion are great aspirations for college professors. They are indicators of success in the professions. Universities stipulate in their official documents and numerous higher education publications specify what professors must achieve in order to earn tenure and promotion; which almost always cite effectiveness in teaching, research,…

  5. Educational Mismatches and Earnings: Extensions of Occupational Mobility Theory and Evidence of Human Capital Depreciation

    Science.gov (United States)

    Rubb, Stephen

    2006-01-01

    Using a human capital theory framework, this study examines the impact of educational mismatches on earnings and occupational mobility. Occupational mobility theory suggests that overeducated workers observe greater upward occupational mobility and undereducated workers observe lower upward occupational mobility. By extension, this leads to…

  6. Edufare for the Future Precariat: The Moral Agenda in Australia's "Earning or Learning" Policy

    Science.gov (United States)

    Doherty, Catherine

    2017-01-01

    This paper considers the educational experience constructed under Australia's policy decision in 2009 to extend compulsory education by requiring that students must be "earning or learning" till 17 years of age. The discussion draws on an empirical project that explored the moral order operating in classrooms for students retained under…

  7. A study on relationship between earnings before tax, interest and operational cash flows with stockholders’ equity

    Directory of Open Access Journals (Sweden)

    Mohammad Reza karimi Torghabeh

    2014-08-01

    Full Text Available One of the primary economic issues is associated with optimum resource allocation in profitable investments with reasonable risk. For this purpose, performance measurement’s criteria are needed some of which emphasize cash flow variables and some others focus on information content of accounting profit. On this basis, this study examines the relationship between earnings before tax and interest and operational cash flows with stockholders’ return in Tehran Stock Exchange (TSE. In this regard, information asymmetry was also examined. To test hypotheses, multivariable regression and combined data method were used. The results showed that based on the information of 102 companies in stock market from 2004 to 2009, there was a positive and significant correlation between earnings before interest and tax and stock return in the companies. While, operational cash flow has no significant impact on stock return. Increasing information asymmetry, earnings before interest and tax has a positive and significant correlation with stockholders ’return; but operational cash flow has no significant effect on stockholders’ return. In other words, earnings before interest and tax have higher information content than operational cash flow.

  8. Earned print media in advancing tobacco control in Himachal Pradesh, India: a descriptive study

    Science.gov (United States)

    Sharma, Renu; Shewade, Hemant Deepak; Gopalan, Balasubramaniam; Badrel, Ramesh Kumar; Rana, Jugdeep Singh

    2017-01-01

    Background The Union-Bloomberg Initiative tobacco control projects were implemented in Himachal Pradesh (a hilly state in North India) from 2007 to 2014. The project focused on the establishment of an administrative framework; increasing the capacity of stakeholders; enforcement of legislation; coalition and networking with multiple stakeholders; awareness generation with focus on earned media and monitoring and evaluation with policy-focussed research. This study aimed to systematically analyse all earned print news items related to the projects. Methods In this cross-sectional descriptive study, quantitative content analysis of earned print news items was carried out using predetermined codes related to areas of tobacco control policies. We also carried out a cost description of the hypothetical value of this earned media. The area of the news item in cm2 was multiplied by the average rate of space for the paid news item in that particular newspaper. Results There were 6348 news items: the numbers steadily increased with time. Focus on Monitoring tobacco use, Protecting people from tobacco smoke, Offering help to quit, Warning about dangers of tobacco, Enforcing a ban on tobacco advertising and promotion, Raising tax on tobacco products was seen in 24, 17, 9, 23, 22 and 3% of news items, respectively. Press releases were highest at 44% and report by correspondents at 24%. Further, 55, 23 and 21% news items focused on smoking, smokeless and both forms of tobacco use, respectively. Sixty-six per cent and 34% news items, respectively, were focused on youth and women. The news items had a hypothetical value of US$1503 628.3, which was three times more than the funds spent on all project activities. Conclusions In the absence of funding for paid media, the project strategically used earned media to promote tobacco control policies in the state. PMID:28589021

  9. Earned print media in advancing tobacco control in Himachal Pradesh, India: a descriptive study.

    Science.gov (United States)

    Sharma, Renu; Shewade, Hemant Deepak; Gopalan, Balasubramaniam; Badrel, Ramesh Kumar; Rana, Jugdeep Singh

    2017-01-01

    The Union-Bloomberg Initiative tobacco control projects were implemented in Himachal Pradesh (a hilly state in North India) from 2007 to 2014. The project focused on the establishment of an administrative framework; increasing the capacity of stakeholders; enforcement of legislation; coalition and networking with multiple stakeholders; awareness generation with focus on earned media and monitoring and evaluation with policy-focussed research. This study aimed to systematically analyse all earned print news items related to the projects. In this cross-sectional descriptive study, quantitative content analysis of earned print news items was carried out using predetermined codes related to areas of tobacco control policies. We also carried out a cost description of the hypothetical value of this earned media. The area of the news item in cm(2) was multiplied by the average rate of space for the paid news item in that particular newspaper. There were 6348 news items: the numbers steadily increased with time. Focus on Monitoring tobacco use, Protecting people from tobacco smoke, Offering help to quit, Warning about dangers of tobacco, Enforcing a ban on tobacco advertising and promotion, Raising tax on tobacco products was seen in 24, 17, 9, 23, 22 and 3% of news items, respectively. Press releases were highest at 44% and report by correspondents at 24%. Further, 55, 23 and 21% news items focused on smoking, smokeless and both forms of tobacco use, respectively. Sixty-six per cent and 34% news items, respectively, were focused on youth and women. The news items had a hypothetical value of US$1503 628.3, which was three times more than the funds spent on all project activities. In the absence of funding for paid media, the project strategically used earned media to promote tobacco control policies in the state.

  10. PENGARUH DIVIDEND PAYOUT RATIO, RETURN ON ASSET DAN EARNING VARIABILITY TERHADAP BETA SAHAM SYARIAH

    Directory of Open Access Journals (Sweden)

    Sri Kustini

    2012-03-01

    Full Text Available Tujuan penelitian ini untuk menentukan  penelitian ini adalah untuk menentukan efek dari Dividend Payout Ratio (DPR, Return on Assets (ROA and earning variability terhadap saham beta sariah. Populasi dari penelitian ini adalah semua perusahaan yang terdaftar dalam Stock Exchange and the Jakarta Islamic Index. Teknik sampling yang digunakan  adalah purposive sampling. Teknik tersebut digunakan untuk medapatkan 10 perusahaan yang sesuai dengan kriteria. Metode pengumpulan datanya adalah dokumentasi. Data dianalisis dengan menggunakan multiple linear-regressions. Hasil penelitian pada tes yang simultan adalah (1 DPR, ROA and earnings variability tidak berefek pada saham beta shariah, (2 partial test dalam variabel DPR negative dan tidak signifikan pada saham beta sharia, (3 the ROA variable dan variabilitas pendapatan dan tidak signifikan pada saham beta shariah. The objective of study is to determine the effect of Dividend Payout Ratio (DPR, Return on Assets (ROA and earning variability to the stock of beta sharia. The population of study is all public companies listed on the Stock Exchange and the Jakarta Islamic Index. The sampling technique used is purposive sampling. It is to obtain 10 companies that meet the criteria. The method for collecting the data is documentation. Data analyzed by using multiple linear-regressions. The results of research on simultaneous test reveal that (1 DPR, ROA and earnings variability do not have effect on the stock of beta sharia, (2 partial test in the DPR variable is negative and it is not significant on the stock of beta sharia, (3 the ROA variable and earnings variability are positive and they are not significant on the stock of beta sharia. Moreover, regression model does not have competence to indicate the dependent variable variation or it does not have contribution to independent variable. Partially, only 21,3% of DPR variable has influence or contribution to the stock of beta shariah.

  11. Free food or earned food? A review and fuzzy model of contrafreeloading

    Science.gov (United States)

    Inglis; Forkman; Lazarus

    1997-06-01

    Animals will work (e.g. lever press) for 'earned' food even though identical 'free' food can easily be obtained from a nearby dish. This phenomenon, called contrafreeloading, appears to contradict a basic tenet of most learning, motivation and optimal foraging theories; namely that animals strive to maximize the ratio of reward, or benefit, to effort, or cost. This paper reviews the factors that have been found to affect the level of contrafreeloading, to try to explain the behaviour. In experiments involving intensive training, contrafreeloading may be explained on the basis of secondary reinforcement and/or differential exposure to the alternative food sources. However, contrafreeloading also occurs without prior training. Contrafreeloading declines with increasing hunger and with increases in the effort required to obtain the earned food: it also has an inverted-U relationship with the degree of stimulus change associated with the earned food. A fuzzy logic model is developed to predict the outcome of interactions between these factors. The model successfully simulates previous empirical findings and provides novel, testable predictions. It is argued that contrafreeloading does not contradict reinforcement theory, provided that the sensory reinforcement obtained from stimuli associated with the earned food is also taken into account. A functional explanation of why such stimuli are reinforcing, and of contrafreeloading itself, is based upon the advantage of gathering information for animals living in changing environments (i.e. an information primacy model). Animals work for earned food in order to update their estimate of a currently sub-optimal food source because, in the longer term, it may unpredictably become the optimal place to feed. Contrafreeloading is therefore a behaviour that, under natural conditions, is adaptive.

  12. 盈余管理的实证研究综述%Empirical study overview on the earnings management

    Institute of Scientific and Technical Information of China (English)

    王爱文; 董继刚

    2013-01-01

    Empirical Study of earnings management gradually has become the main aspects of research on earnings management, and the specific contents of empirical research is extremely complex. To explore the empirical study on earnings management of domestic and in-ternational scholars specific content, and trend of earnings management empirical study. An empirical study on the content of earnings management is from the early focus on the motivation of earnings management means to focus on earnings management and accounting policies, related party transactions, corporate governance, audit, enterprise merger between such specific aspects of development.%  盈余管理的实证研究渐亦成为盈余管理研究的主要方面,而实证研究的具体内容却极其庞杂。通过对国内外学者盈余管理实证研究具体内容的探寻,进而发现盈余管理实证研究的发展趋势。盈余管理的实证研究内容正在从早期的专注于盈余管理动机手段等向注重于盈余管理与会计政策、关联交易、公司治理、审计、企业并购的关系等具体方面发展。

  13. 盈余管理问题的研究%Research on the Management of Earnings

    Institute of Scientific and Technical Information of China (English)

    徐鹭

    2013-01-01

      随着资本市场的发展,盈余管理问题受到越来越多的关注。从研究来看,许多学者对盈余管理有自己的定义,在这些学者的定义当中,盈余管理被概括为企业管理当局为满足自身利益,有意采取会计或非会计的方式对企业收益进行调整。通过对盈余管理存在的动机及客观的前提条件的分析,从某种程度上来讲,盈余管理不论对于企业还是整个市场都有一定的必要。对于企业来讲,提高当前盈余水平或是透过洗大澡的方式可以短暂的缓解企业面临的困难,利润平滑化则可以帮助企业维持良好社会形象,使企业运营进入良性循环。%  Problems concerning the management of earnings are increasingly attracting attention along with the development of capital markets. Many researchers have their own definitions of earnings management in their studies. The studies generally summerize the earn-ings management as a regulation conducted deliberately by an enterprise with accounting or non-accounting approach in an effort to meet its own interests. It is found that earnings management is necessary, to some extent, to both the enterprise and the whole market by an analysis of the existence motivation and objective preconditions of earnings management. The enterprise can ease the difficulty in short terms by improving the surplus level or taking a big bath. Income soothing will help the enterprise maintain a good social image and enter into a virtuous circle.

  14. MEDIUM-TERM CHANGES IN THE STRUCTURE OF THE MONTHLY EARNINGS

    Directory of Open Access Journals (Sweden)

    Ion GHIZDEANU

    2007-12-01

    Full Text Available The paper represents a study of the labour market functionality through the employment degree and how much of the employment improvement is reflected in the wage revenues. The study is based on the analysis and forecast of the earnings structure by branches and regions and also by property forms, being structured in 4 chapters. Within the study the earning is analyzed starting from two reasons: first, the wage synthetically reflects the structural evolution of the labour market and, second, the wage conditions and influences the employment possibilities. An important part of the study is represented by the analysis of the correlation between employment and earnings, marking out some features. First, 2002-2006 represented the period with structural changes in employment, the wages evolution being independent of the economic context or of the labour market imbalances. Second, in regional and county profile the correlation between the employment structure and the evolution of the earnings is more lax than the national economy level. If for the regions the main explanation could be the structural homogeneity of the regional economies, at county level the determinant element is the economic gap. In the first years of the actual development cycle, even if the intercounty economic gaps have maintained or deepened, the improvement of the employment has adequately been reflected in the increase in the average wage revenues. The paper also presents some perspectives on the earnings structure, marking out the fact that until 2010 the gaps between regions – from the net average earnings point of view – will not significantly improve, but there will be created the conditions for a future decrease. This fact can be explained, on one hand, by the absorption of the community funds which will be more consistent after 2009 (it is about the project implementation, not the contract, and, on the other hand, because – in a first stage – the more developed

  15. Gender Inequalities in Employment and Wage-earning among Economic Migrants in Chinese Cities

    Directory of Open Access Journals (Sweden)

    Qin Min

    2016-01-01

    Full Text Available Background: Recent trends show an unprecedented feminisation of migration in China, triggered by the increasing demand for cheap labour in big cities and the availability of women in the labour market. These trends corroborate the evidence that non-agricultural work and remittance from urban labour migrants have become the major sources of rural household income. Objective: This paper investigates the extent of gender inequalities in job participation and wage earning among internal labour migrants in China. We hypothesize that female migrants in cities are economically more disadvantaged than male migrants in the job market. Methods: We use data from the 2010 National Migrant Dynamics Monitoring Survey conducted in 106 cities representing all 31 provinces and geographic regions. The study applies the standard Heckman two-step Probit-OLS method to model job participation and wage-earning, separately for 59,225 males and 41,546 females aged 16-59 years, adjusting for demographic and social characteristics and potential selection effects. Results: Female migrants have much lower job-participation and wage-earning potential than male migrants. Male migrants earn 26Š higher hourly wages than their female counterparts. Decomposition analysis confirms potential gender discrimination, suggesting that 88Š of the gender difference in wages (or 12Š of female migrant wage is due to discriminatory treatment of female migrants in the Chinese job market. Migrants with rural hukou status have a smaller chance of participation in the job market and they earn lower wages than those with urban hukou, regardless of education advantage. Conclusions: There is evidence of significant female disadvantage among internal labour migrants in the job market in Chinese cities. Household registration by urban and rural areas, as controlled by the hukou status, partly explains the differing job participation and wage earning among female labour migrants in urban China

  16. KAR YÖNETİMİ VE YÖNTEMLERİ - EARNINGS MANAGEMENT AND ITS METHODS

    Directory of Open Access Journals (Sweden)

    Evrim ALTUK ÖZDEN

    2014-07-01

    Full Text Available ÖzetKar yönetimi, finansal raporlama sürecinde yöneticilerin takdir yetkilerini kullanmaları sonucundaortaya çıkmaktadır. Birtakım işlemler yoluyla ya da Genel Kabul Görmüş Muhasebe İlkeleri’ndeki (GKGMİesnekliklerden faydalanılarak uygulanan kar yönetimi, finansal tablo kullanıcılarına yanıltıcı bilgi vermesinedeniyle son derece önemli bir konu haline gelmektedir. GKGMİ, işletmenin gerçek finansal durumunuyansıtabilmeleri açısından, muhasebe tercihlerini yaparken, yöneticilere, birçok seçenek sunmaktadır. Buseçenekler ise kar yönetimi uygulamalarına olanak sağlayabilmektedir. Çünkü yöneticiler, bunları,işletmenin veya kendi çıkarları doğrultusunda kullanabilmektedirler. Bu durum ise finansal raporlarıngerçeği yansıtmasına engel olacaktır. Bu çalışmanın amacı kar yönetimine, hile ile kar yönetimi arasındakifarklara ve kar yönetiminde kullanılan yöntemlere ilişkin bilgiler verilmektedir.AbstractEarnings management occurs when managers use their judgment in financial reporting process.Earnings management which is applied either through some transactions or by utilizing the flexibilitiesin the Generally Accepted Accounting Principles (GAAP, is crucial for financial statement users formisleading them. This study focuses on earnings management and the techniques applied. While managerswere making their accounting choices, GAAP provides them lots of alternatives to reveal the real financialstatement of the business. These accounting choices may enable earnings management. For managers mayexploit these choices for themselves or the business. And this situation will prevent financial reports toreveal the real statement of the business. This study focuses on earnings management, differences betweenearnings management and fraud, and earnings management techniques

  17. Earnings quality and P/E ratio: Evidence from Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Hassan Ghodrati

    2014-08-01

    Full Text Available This paper evaluates the impacts of earnings quality criteria on the ratio of price to earnings per share (P/E on 88 accepted companies in Tehran Stock Exchange (TSE over the period 2007- 2012. The results indicate that there was a positive and significant relationship between the P/E ratio and cash dividend. There is also a positive and significant relationship between P/E ratio as dependent variable and the gross profit ratio to sales. On the other hand, there is a significant reverse relationship between P/E ratio and the profit variability. However, no significant relationship exists between P/E as dependent variable and deferrals (accruals variable.

  18. The role of occupational attributes in gender earnings inequality, 1970-2010.

    Science.gov (United States)

    Mandel, Hadas

    2016-01-01

    Grounded in the research on the important role of social structures in forming gender inequalities, this study examines the effect of occupational attributes on the gender earnings gap over four decades. Using the IPUMS-USA from 1970 to 2010, the paper shows that occupational attributes cannot be reduced to the aggregate attributes of their individual incumbents. Rather, the effect of occupations on the gender earnings gap goes far beyond both the distributive role of occupational segregation and the effect of individual wage-related characteristics. Furthermore, occupations not only explain a significant portion of net gender pay gaps, but have also contributed to the narrowing of the gaps over the past several decades, as occupational attributes that favor women's pay have become more dominant over time.

  19. Life-cycle effects of alcoholism on education, earnings, and occupation.

    Science.gov (United States)

    Mullahy, J; Sindelar, J

    1989-01-01

    In this article we examine the life-cycle effects of alcoholism on human capital formation and labor market outcomes. We attempt empirically to unravel some of the complicated structural relationships among family background, educational attainment, labor force participation, earnings, and current as well as past alcoholism. Access to a new data set allows us to study some of these relationships. The Epidemiological Catchment Area data set contains not only the standard socioeconomic and demographic variables but also information on family background and age of onset of symptoms and current alcoholism. Thus, when estimating models of occupational choice and earnings, we can assess both the indirect and the direct effects of alcoholism. We find that early onset of alcoholism significantly retards educational attainment.

  20. Earned Value Conference at CERN - 25-26 November 2009 (Main Building, first floor)

    CERN Multimedia

    GS Department

    Next week, 25-26 November, 60 participants from universities and industry will meet at CERN for the first European conference on Earned Value Management and Analysis. This project control methodology was first introduced -in anger- during LHC, and will further be in use for the LHC upgrade projects like Linac4. During the conference, more information on the methodology will be presented and experiences will be shared on how “Earned Value” has been used at CERN and in industry. More information On the web site, you can also find the conference schedule. If you would like to attend some of the presentations, please send an email to jurgen.de.jonghe@cern.ch

  1. Identifying Rates of Emigration in the United States Using Administrative Earnings Records

    Directory of Open Access Journals (Sweden)

    Jonathan A. Schwabish

    2011-01-01

    Full Text Available This paper undertakes a new strategy to estimate emigration rates among US immigrants by inferring the probability of emigration using longitudinal administrative earnings data. Two groups of emigrants are evaluated separately: those who emigrate from the United States and those who leave both the United States and the Social Security system. About 1.0 to 1.5 percent of the foreign-born population emigrate from the USA every year, and between about 0.8 and 1.2 percent of foreign-born workers emigrate from the Social Security system. Regression analysis suggests that immigrants with lower earnings are more likely to emigrate and that the likelihood of emigrating from the United States increases with age, but is unchanged for those leaving the US Social Security system.

  2. Earnings management and Stock Market Return: An Investigation of Lean against the Wind Hypothesis

    Directory of Open Access Journals (Sweden)

    Amir Sajjad Khan

    2013-09-01

    Full Text Available This study attempts to investigate the “lean against the wind hypothesis”. For this purpose the relationship of earnings management to that of the aggregate stock market return was investigated. Data for the year 2005 to 2009 was examined and Panel Data techniques were applied on the data set. F-statistics were used to check for appropriateness of the model, Housman test were used to finally decide for fixed effect model. Results of the paper were against the existence of lean against the wind behavior of the firms towards the aggregate under valuation of stock market returns. These Results were in favor of the past study of Cohen and Zarowin (2011.Keywords: Earnings management, Discretionary accruals, Modified Jones model, KSE

  3. Heating/cooling potential and carbon credit earned for dome shaped house

    Directory of Open Access Journals (Sweden)

    M. Jamil Ahmad, G.N. Tiwari, Anil Kumar Singh, Manisha Sharma, H.N. Singh

    2010-01-01

    Full Text Available In this article, the heating/cooling potential of a dome shaped house has been evaluated on the basis of energy balance under quasi-steady state condition by incorporating the effect of ventilation/earth-air heat exchanger. The study has been carried out for composite climate of New Delhi. Effect of parameters of earth-air heat exchanger (radius of pipe, length of pipe and velocity of air on heating/cooling potential has also been studied. Analysis of energy saving by using day lighting and CO2 credit earned has also been carried out. It is observed that an over all 732 kWh energy can be saved per year by using day lighting which corresponds to 1.49 tones/year carbon credits earned.

  4. The effects of Earned Income Tax Credit payment expansion on maternal smoking.

    Science.gov (United States)

    Averett, Susan; Wang, Yang

    2013-11-01

    The Earned Income Tax Credit is the largest antipoverty program in the USA. In 1993, the Earned Income Tax Credit benefit levels were changed significantly based on the number of children in the family such that families with two or more children experienced an exogenous expansion in their incomes. Using data from the National Longitudinal Survey of Youth 1979 cohort, we use a triple-difference plus fixed effects framework to examine the effect of this change on the probability of smoking among low-educated mothers. We find that the probability of smoking for White low-educated mothers of two or more children significantly decreased relative to those with only one child, and this result is robust to various specification tests. This result provides new evidence on the protective effect of income on health through changes in a health-related behavior and therefore has important policy implications.

  5. Is Military Disability Compensation Adequate to Offset Civilian Earnings Losses from Service-Connected Disabilities?

    Science.gov (United States)

    Buddin, Richard; Han, Bing

    2012-01-01

    The Departments of Defense and Veterans' Affairs (DoD and VA) pay about $35 billion in disability compensation to about 3.2 million veterans each year. Their disabilities range from battlefield injuries to health conditions like diabetes and asthma. This research examines the adequacy of disability compensation to offset the reduction in civilian earnings opportunities that are associated with service-connected disabilities (SCDs). The authors focus on cohorts of veterans who left active military service between fiscal year (FY) 1993 and FY 2004. They track these veterans' civilian earnings and labor force participation for up to 12 years, from 1994 through 2005, compare the labor-market success of veterans with and without SCDs, and recommend changes to disability compensation.

  6. Trade Credit, Future Earnings, and Stock Returns: A Self-Dealing Perspective

    Institute of Scientific and Technical Information of China (English)

    Jigao Zhu; Guohua Jiang

    2009-01-01

    Chinese listed firms are characterized by a great magnitude of long-duration accounts receivable from controlling shareholders and their affiliates,and they often do not make bad debt allowances.On many occasions,these receivables are never collected.We find that firms with a great magnitude of accounts receivable demonstrate a low level of future profitability and low stock returns.It does not appear that the low earnings persistence of these firms is responsible for their poor future performance as predicted by the accrual anomaly,because the firms also report low concurrent earnings.In the context of the Chinese stock market,we interpret the results as being consistent with self-dealing through trade credit by controlling shareholders.This study contributes to the self-dealing literature by identifying a more subtle channel of expropriation of minority shareholders in China.

  7. Impact of the FY 2009 Building Technologies Program on United States Employment and Earned Income

    Energy Technology Data Exchange (ETDEWEB)

    Livingston, Olga V.; Scott, Michael J.; Hostick, Donna J.; Dirks, James A.; Cort, Katherine A.

    2008-06-17

    The Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy (EERE) is interested in assessing the potential economic impacts of its portfolio of subprograms on national employment and income. A special purpose input-output model called ImSET is used in this study of 14 Building Technologies Program subprograms in the EERE final FY 2009 budget request to the Office of Management and Budget in February 2008. Energy savings, investments, and impacts on U.S. national employment and earned income are reported by subprogram for selected years to the year 2025. Energy savings and investments from these subprograms have the potential of creating a total of 258,000 jobs and about $3.7 billion in earned income (2007$) by the year 2025.

  8. Heating/cooling potential and carbon credit earned for dome shaped house

    Energy Technology Data Exchange (ETDEWEB)

    Ahmad, M. Jamil; Tiwari, G.N. [Center for Energy Studies, Indian Institute of Technology, Hauz Khas, New Delhi-16 (India); Singh, Anil Kumar; Sharma, Manisha [Energy Research Applications, 211B, Pkt-C, Siddhartha Extension, New Delhi-14 (India); Singh, H.N. [Department of Physics, R.S.S.P.G. College, Pilkhuwa, Ghaziabad, U.P. (India)

    2010-07-01

    In this article, the heating/cooling potential of a dome shaped house has been evaluated on the basis of energy balance under quasi-steady state condition by incorporating the effect of ventilation/earth-air heat exchanger. The study has been carried out for composite climate of New Delhi. Effect of parameters of earth-air heat exchanger (radius of pipe, length of pipe and velocity of air) on heating/cooling potential has also been studied. Analysis of energy saving by using day lighting and CO2 credit earned has also been carried out. It is observed that an over all 732 kWh energy can be saved per year by using day lighting which corresponds to 1.49 tones/year carbon credits earned.

  9. Preventive Maintenance Interval Prediction: a Spare Parts Inventory Cost and Lost Earning Based Model

    Directory of Open Access Journals (Sweden)

    O. A. Adebimpe

    2015-06-01

    Full Text Available In this paper, some preventive maintenance parameters in manufacturing firms were identified and used to develop cost based functions in terms of machine preventive maintenance. The proposed cost based model considers system’s reliability, cost of keeping spare parts inventory and lost earnings in deriving optimal maintenance interval. A case of a manufacturing firm in Nigeria was observed and the data was used to evaluate the model.

  10. An Analysis of the Effects of Military Service on Retirees’ Civilian Earnings

    Science.gov (United States)

    1993-12-01

    AD-A277 292 NAVAL POSTGRADUATE SCHOOL Monterey, California STATAES 1 Ae•p "AR ,, ,2 8 1994 ’ 94-09400 E.. THESIS An Analysis of the Effects of...negative effect on earnings since divorced or single individuals generally do not have grcat family financial responsibilities that require a more stable...evaluation and econometrics . - 3. Censored Regression Models The Censored Regression Model is a simple technique for handling selectivity bias. The

  11. Data for Studying Earnings, the Distribution of Household Income and Poverty in China

    OpenAIRE

    2014-01-01

    This paper discusses data used in publishing statistics on earnings, the distribution of household income and poverty in China by the National Bureau of Statistics (NBS) which is widely used by policy makers, international agencies and researchers. Unlike many other countries, China until recently had a dual system of household surveys - one rural and one urban. This has had consequences for providing official data on wages, income and poverty which we discuss along with other challenges. Sin...

  12. Earnings benefit of the individuals with tertiary educational level versus the expansion of higher education

    Directory of Open Access Journals (Sweden)

    Judit T. Kiss

    2010-06-01

    Full Text Available The number of students of higher education rose significantly in Hungary in the nineties. Many people forecast the decrease of the income benefit of the higher qualification and the decline of the rates of return for investment in higher education. We analyse the time course of the difference between earnings of the graduates and the secondary school graduates between 1990 and 2008, we show that the value of the diploma decreased only slightly despite of the expansion of higher education.

  13. Revisiting the impact of occupational segregation on the gender earnings gap in Malaysia

    OpenAIRE

    Goy, Siew Ching; Johnes, Geraint

    2012-01-01

    More women participate in the labour force nowadays than in the past. However, they do not join the workforce as equal members. Segregation in occupational distribution and pay differentials between men and women remain pervasive. This article uses data from the Malaysian Population and Family Survey 2004 to shed light on the inequality in earnings based on the framework developed by Brown et al. (1980). The empirical results suggest that segregation per se works to the advantage of women. A ...

  14. Using Earned Value Data to Detect Potential Problems in Acquisition Contracts

    Science.gov (United States)

    2011-03-01

    collections of parametric models with different numbers of variables. Akaike’s Information Criterion (AIC) and Schwarz’s Bayesian Criterion (SBC...1,1) 5 ARMA(1,1) 6 I(1) 7 IMA(1,1) 8 MA(1) The ARIMA model group function ranks models by the Akaike Information Criterion (AIC) and Schwarz... Bayesian Criterion (SBC). The smaller the AIC and SBC values, the better rank the model earns ( Akaike , 1974) (Schwarz, 1978). The rank 28

  15. Immigrant Adjustment in Israel: Literacy and Fluency in Hebrew and Earnings

    OpenAIRE

    Chiswick, Barry R.; Repetto, Gaston

    2000-01-01

    This paper is an analysis of the determinates of Hebrew language speaking and writing skills and the determinates of earnings among adult male Jewish immigrants in Israel, using the 1972 Census of Israel. Among other findings, Hebrew speaking skills and Hebrew literacy are shown to increase with level of schooling and duration in Israel, but to decrease with age at migration and if many others in the area in which the respondent lives speak the same origin language. Country of origin and fami...

  16. Numeracy, literacy and earnings: evidence from the national longitudinal survey of youth

    OpenAIRE

    C Dougherty

    2000-01-01

    The analysis is concerned with the contributions of numeracy and literacy to earnings, for three reasons: first, no clear pattern emerges from existing findings relating to the contributions of different types of ability, and numeracy and literacy appear to be a natural basic starting point; second, measures to improve numeracy and literacy are often given priority in policies intended to help those with lowest educational attainment; and third, with the growth of the knowledge-based economy,...

  17. Studi Pengaruh Good Corporate Governance Terhadap Praktik Earnings Management pada Perusahaan Terdaftar di PT Bursa Efek Indonesia

    Directory of Open Access Journals (Sweden)

    Werner R. Murhadi

    2009-01-01

    Full Text Available This research is done for the purpose of finding out the effect of Good Governance practice can reduce earnings management practice done by company. This research uses companies registered in manufacture sector in Indonesia Stock Exchange observation period 2005-2007 as samples. Last sample used in this research is 384 years of observation. This research uses OLS method. The result shows that only 2 variables have significant effect to Earning Management practice which is CEO Duality and controlling shareholder existence. Other independent variables such as independent commissioner and audit committee and also shareholder coalition outside the controlling shareholder don’t have any effect to earning management practice in the company. Control variable like coverage analyst and debt don’t have any effect either, to earning management practice existence.

  18. The study of relationship between free cash flows and earnings management in companies listed in Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Mehdi Darvish Narenjbon

    2016-09-01

    Full Text Available The study aimed to the study of relationship between free cash flows and earnings management in companies listed in Tehran Stock Exchange. Free cash flows as an independent variable and earnings management, as a dependent variable. The statistical population consists of companies listed in Tehran Stock Exchange during the years 2010 till 2012, which based on the systematic removal method, 67 companies were sampled. In this study, to measure earnings management, Jones’ the modified model was used and to determine free cash flow, Len and Pelson’s model. In the present study, it was conducted to investigate first descriptive statistic of the research variables and then test variance heterogeneity and test F-Limaer; and finally carry with regression test to confirm or reject any of the research hypotheses. There is a significant relationship between free cash flows and earnings management.

  19. The feminization of foreign currency earnings: women's labor in Sri Lanka.

    Science.gov (United States)

    Samarasinghe, V

    1998-01-01

    This paper considers women's participation in foreign currency earning activities in Sri Lanka. The author first analyzes the structure of women's participation patterns in the major foreign currency earning activities in the country, including consideration of their wage levels and the impact of ethnicity, age, educational levels, and skills upon the different components of those activities in which women participate. She then probes the applicability for Sri Lanka of Guy Standing's argument that structural adjustment policies (SAP) have triggered a change in labor force practices leading to a feminization through flexible labor. Many studies have shown that cutbacks in subsidies mandated by SAPs and initiated in the 1980s among developing countries have adversely affected poor women. Women have adjusted to the new situation in a variety of ways, ranging from cutting their household budgets for basic needs to seeking income-generating work in the informal sector and participating in labor-intensive manufacturing activities. In closing, the author assesses the degree to which the new demands made upon women resulting from the effect of SAPs upon their households have stimulated women's increasing participation in foreign currency earning activities.

  20. Amount of earnings during prize contingency management treatment is associated with posttreatment abstinence outcomes.

    Science.gov (United States)

    Petry, Nancy M; Roll, John M

    2011-12-01

    Contingency management (CM) treatments that provide patients with the opportunity to earn chances of winning prizes of varying magnitudes are becoming increasingly popular. In the CM literature, magnitude of reinforcement is linked with effect sizes, such that CM treatments that provide larger magnitude reinforcement are more efficacious than those that provide lower magnitude reinforcement. With prize CM, even when magnitudes of overall expected prize earnings are constant, some patients win more prizes than others. Thus, patients who win larger overall amounts of prizes during treatment may have better outcomes than those who win fewer prizes. This study evaluated the impact of overall amounts of prizes won on long-term abstinence outcomes. The dollar amount of prizes won during prize CM treatments was determined from 78 cocaine-abusing methadone-maintenance patients who were randomized to prize CM treatments in three clinical trials. Abstinence three months following the end of the CM intervention was the primary dependent variable. The dollar amount of prizes won during CM treatment was a significant predictor of submission of cocaine-negative urine samples and self-reports of cocaine abstinence at the follow-up evaluation, even after controlling for other variables associated with long-term abstinence, such as pretreatment urinalysis results and longest duration of abstinence achieved during treatment. These results suggest that magnitudes of earnings during prize CM may impact outcomes and call for further experimentation of parameters related to the efficacy of prize CM.