WorldWideScience

Sample records for public financial disclosure

  1. 5 CFR 2634.308 - Reporting periods and contents of public financial disclosure reports.

    Science.gov (United States)

    2010-01-01

    ... financial disclosure reports. 2634.308 Section 2634.308 Administrative Personnel OFFICE OF GOVERNMENT ETHICS GOVERNMENT ETHICS EXECUTIVE BRANCH FINANCIAL DISCLOSURE, QUALIFIED TRUSTS, AND CERTIFICATES OF DIVESTITURE Contents of Public Reports § 2634.308 Reporting periods and contents of public financial disclosure...

  2. 5 CFR 2634.901 - Policies of confidential financial disclosure reporting.

    Science.gov (United States)

    2010-01-01

    ... GOVERNMENT ETHICS EXECUTIVE BRANCH FINANCIAL DISCLOSURE, QUALIFIED TRUSTS, AND CERTIFICATES OF DIVESTITURE Confidential Financial Disclosure Reports § 2634.901 Policies of confidential financial disclosure reporting... financial disclosure to complement the Act's system of public disclosure. The confidential reports...

  3. 41 CFR 304-3.17 - If I am required to file a confidential or public financial disclosure report, must I report...

    Science.gov (United States)

    2010-07-01

    ... a confidential or public financial disclosure report, must I report travel payments I receive from a....17 If I am required to file a confidential or public financial disclosure report, must I report... Ethics in Government Act of 1978). Note: The confidential financial disclosure report is OGE Form 450...

  4. Financial Disclosure Laws.

    Science.gov (United States)

    Merz, Carol

    1983-01-01

    A study of school board presidents and superintendents in Washington, Missouri, and New Jersey reveals that strict financial disclosure laws tend to reduce the number of professionals on boards; however, board members with professional occupations differ from other board members on a number of measures. (MLF)

  5. Disclosure and accountability in public financial statements as instruments for social control

    Directory of Open Access Journals (Sweden)

    Sônia Maria Augustinho

    2015-06-01

    Full Text Available One of the objectives of public accounting is to support the practice of social control. Therefore, the aim in this study is to discuss: How can average citizens’ understanding of the information in public financial statements be improved? Therefore, the objective is to discover the level of understanding of community leaders in the city of Curitiba about the information extracted from the Budgetary Balance Sheet. The research used documentary analysis and a field research, based on the application of a semistructured questionnaire and data treatment using uni/bivariate analysis techniques and validation by means of the statistical test χ2. Although most respondents do not seek information on the use of public money, the large majority affirms great or average interest in discovering the content of the statements. It is argued that the difficulty to seek information is actually due to the lack of understanding of the public accounting terminology. As a result, it is observed that the bottlenecks in accounting communication can be reduced if easily understandable language is used, mediated by complementary disclosure that presents not only the results, but also the analysis and interpretation of these results. Hence, this preliminary study is expected to contribute to the construction of a social control model and its use in society, with a view to enhancing and qualifying citizens’ participation in the management of the public good. Finally, public policies are needed, essentially involving education, aiming for the true social ownership of public accounting information.

  6. 45 CFR 1105.1 - Cross-reference to employee ethical conduct standards and financial disclosure and financial...

    Science.gov (United States)

    2010-10-01

    ... standards and financial disclosure and financial interests regulations. 1105.1 Section 1105.1 Public Welfare... financial disclosure and financial interests regulations. Employees of the National Endowment for the Arts... regulations at 5 CFR part 735; the executive branch financial disclosure regulations at 5 CFR part 2634,...

  7. Financial Disclosure Tracking System

    Data.gov (United States)

    US Agency for International Development — USAID's FDTS identifies personal service contractors and local employees who should file disclosure reports. It tracks late filers and identifies those who must take...

  8. Financial Disclosure : A Closer Look

    NARCIS (Netherlands)

    Ermans, C.J.C.

    1996-01-01

    The central concern of this paper is the company's financial disclosure process.We briefly discuss this phenomenon.Furthermore, the research in this area is surveyed and discussed.Most of the research so far has been quantitative.Some early studies are discussed including their validity and their sh

  9. 42 CFR 420.206 - Disclosure of persons having ownership, financial, or control interest.

    Science.gov (United States)

    2010-10-01

    ... this section shall be subject to public disclosure as specified in 20 CFR part 422. ... 42 Public Health 3 2010-10-01 2010-10-01 false Disclosure of persons having ownership, financial... of Ownership and Control Information § 420.206 Disclosure of persons having ownership, financial,...

  10. Proactive Public Disclosure

    DEFF Research Database (Denmark)

    Boll, Karen; Tell, Michael

    2015-01-01

    This article discusses proactive public disclosure of taxpayer information and how this may form a new strategy for securing tax compliance by tax administrators. It reports a case study from the Danish Customs and Tax Administration in which consumers of services–over a short period of time...... Governance. The article is innovative in that it combines a legal and organizational approach to analyse a new regulatory strategy within tax administration.......–were informed about businesses’ lack of value-added tax (VAT) registration. Our approach to the case is twofold: First, the article lays out a legal analysis of the disclosure practice, and second, the article presents an organizational analysis of why the practice was initiated. The analyses show that using...

  11. 5 CFR 5502.106 - Supplemental disclosure of prohibited financial interests applicable to employees of the Food and...

    Science.gov (United States)

    2010-01-01

    ... Administrative Personnel DEPARTMENT OF HEALTH AND HUMAN SERVICES SUPPLEMENTAL FINANCIAL DISCLOSURE REQUIREMENTS... been excluded from the requirement of filing a confidential financial disclosure report under the... excluded from the requirement of filing a public financial disclosure report under the procedures in 5...

  12. 45 CFR 680.10 - Definitions; cross-references to employee ethical conduct standards and financial disclosure...

    Science.gov (United States)

    2010-10-01

    ... conduct standards and financial disclosure regulations. 680.10 Section 680.10 Public Welfare Regulations...-references to employee ethical conduct standards and financial disclosure regulations. Members of the... the executive branch Standards, and the executive branch financial disclosure regulations at 5...

  13. 37 CFR 251.32 - Financial disclosure statement.

    Science.gov (United States)

    2010-07-01

    ... 37 Patents, Trademarks, and Copyrights 1 2010-07-01 2010-07-01 false Financial disclosure... PROCEDURE Standards of Conduct § 251.32 Financial disclosure statement. (a) Within 45 days of their... shall file with the Librarian an updated confidential financial disclosure form or, if there are...

  14. 28 CFR 17.42 - Positions requiring financial disclosure.

    Science.gov (United States)

    2010-07-01

    ... 28 Judicial Administration 1 2010-07-01 2010-07-01 false Positions requiring financial disclosure... financial disclosure. (a) The Assistant Attorney General for Administration, in consultation with the... Department Security Officer: (1) A financial disclosure form developed pursuant to section 1.3(c)...

  15. 39 CFR 10.4 - Financial disclosure reports.

    Science.gov (United States)

    2010-07-01

    ... 39 Postal Service 1 2010-07-01 2010-07-01 false Financial disclosure reports. 10.4 Section 10.4... CONDUCT FOR POSTAL SERVICE GOVERNORS (ARTICLE X) § 10.4 Financial disclosure reports. (a) Requirement of submission of reports. At the time of their nomination, Governors complete a financial disclosure...

  16. 43 CFR 20.203 - Exclusion from confidential financial disclosure requirement for certain special Government...

    Science.gov (United States)

    2010-10-01

    ... § 20.203 Exclusion from confidential financial disclosure requirement for certain special Government... reporting requirements of the OGE Form 450. Any confidential financial disclosure requirement must be... 43 Public Lands: Interior 1 2010-10-01 2010-10-01 false Exclusion from confidential...

  17. Financial disclosures of authors involved in spine research: an underestimated source of bias.

    NARCIS (Netherlands)

    Bartels, R.H.M.A.; Delye, H.; Boogaarts, J.

    2012-01-01

    BACKGROUND: Reporting financial disclosures has become standard practice in both journal publications and during oral forum at scientific meetings. Despite this, the effect of reporting a financial disclosure of any member of an authorgroup, on the tone of the conclusion of an article has gained lit

  18. Is Financial Disclosure in Your Future?

    Science.gov (United States)

    American School Board Journal, 1985

    1985-01-01

    The New York City Board of Education is enforcing a requirement that all community school board members file detailed financial disclosure statements. This requirement is being challenged by the president of the New York City School Boards Association, who claims that it invades privacy. (TE)

  19. Requirements of Clinical Journals for Authors' Disclosure of Financial and Non-Financial Conflicts of Interest: A Cross Sectional Study.

    Science.gov (United States)

    Shawwa, Khaled; Kallas, Romy; Koujanian, Serge; Agarwal, Arnav; Neumann, Ignacio; Alexander, Paul; Tikkinen, Kari A O; Guyatt, Gordon; Akl, Elie A

    2016-01-01

    It is unclear how medical journals address authors' financial and non-financial conflict of interest (COI). To assess the policies of clinical journals for disclosure of financial and non-financial COI. Cross sectional study that included both review of public documents as well as a simulation of a manuscript submission for the National Library of Medicine's "core clinical journals". The study did not involve human subjects. Investigators who abstracted the data, reviewed "instructions for authors" on the journal website and, in order to reflect the actual implementation of the COI disclosure policy, simulated the submission of a manuscript. Two individuals working in duplicate and independently to abstract information using a standardized data abstraction form, resolved disagreements by discussion or with the help of a third person. All but one of 117 core clinical journals had a COI policy. All journals required disclosure of financial COI pertaining to the authors and a minority (35%) asked for financial COI disclosure pertaining to the family members or authors' institution (29%). Over half required the disclosure of at least one form of non-financial COI (57%), out of which only two (3%) specifically referred to intellectual COI. Small minorities of journals (17% and 24% respectively) described a potential impact of disclosed COI and of non-disclosure of COI on the editorial process. While financial COI disclosure was well defined by the majority of the journals, many did not have clear policies on disclosure of non-financial COI, disclosure of financial COI of family members and institutions of the authors, and effect of disclosed COI or non-disclosure of COI on editorial policies.

  20. 43 CFR 20.101 - Cross-references to ethical conduct, financial disclosure and other applicable regulations.

    Science.gov (United States)

    2010-10-01

    ..., financial disclosure and other applicable regulations. 20.101 Section 20.101 Public Lands: Interior Office... Cross-references to ethical conduct, financial disclosure and other applicable regulations. In addition... responsibilities and conduct regulations at 5 CFR part 735; and the executive branch financial...

  1. 76 FR 30175 - Draft Guidance for Clinical Investigators, Industry, and FDA Staff: Financial Disclosure by...

    Science.gov (United States)

    2011-05-24

    ... Investigators, Industry, and FDA Staff: Financial Disclosure by Clinical Investigators; Availability AGENCY... FDA Staff: Financial Disclosure by Clinical Investigators.'' This draft guidance is intended to assist... governing financial disclosure by clinical investigators. This guidance provides FDA's responses to the...

  2. 76 FR 32367 - Draft Guidance for Clinical Investigators, Industry, and FDA Staff: Financial Disclosure by...

    Science.gov (United States)

    2011-06-06

    ... Staff: Financial Disclosure by Clinical Investigators; Correction AGENCY: Food and Drug Administration...: Financial Disclosure by Clinical Investigators.''The document was published with an incorrect docket...

  3. 28 CFR 0.78 - Implementation of financial disclosure requirements.

    Science.gov (United States)

    2010-07-01

    ... 28 Judicial Administration 1 2010-07-01 2010-07-01 false Implementation of financial disclosure requirements. 0.78 Section 0.78 Judicial Administration DEPARTMENT OF JUSTICE ORGANIZATION OF THE DEPARTMENT OF JUSTICE Justice Management Division § 0.78 Implementation of financial disclosure requirements....

  4. SOME DISCLOSURE ASPECTS REGARDING CONSOLIDATED FINANCIAL STATEMENTS

    Directory of Open Access Journals (Sweden)

    Cirstea Andreea

    2013-07-01

    Full Text Available The purpose of this article is to analyze the current state of consolidated reporting practice harmonization concerning the choice of presenting the income statement, the changes in equity, the methods used for presenting the cash flow statement, the extant methods for evaluating and reporting goodwill, the extant methods in which jointly controlled entities are accounted in the consolidated financial statements, or the choice for recognizing investments in subsidiaries, jointly controlled entities and associates in the separate statements of the parent company. In order to achieve our goal we selected the first 10 groups, in order of their capitalization value, that were listed on each of the following capital markets: London Stock Exchange, NYSE Euronext (Paris Stock Exchange and Deutsche Börse (Frankfurt Stock Exchange and we analyzed, in a qualitative and in a quantitative manner, for a period of six years starting with 2007, their consolidated financial statements with the design to establish exactly which of the aspects stated in the International Financial Reporting Standards were being used for the items presented above. In order to complete the empirical research part of the paper that addresses from a comparative perspective the evaluation of the degree of material harmony between the reporting practices of groups listed on the three stock exchanges above-mentioned, we used statistical and mathematical methods represented by the I Index first described by Van der Tas. Taking into account the fact that since 2005 all listed companies on the European stock exchanges were required to adopt the international accounting standards for their consolidated financial disclosures, the degree of material harmony was studied only in reference to those requirements that presented two methods or possibilities of disclosure.Our findings suggest that the groups analyzed present a high degree of material harmonization with respect to the reporting

  5. 36 CFR 811.1 - Cross-references to employees' ethical conduct standards, financial disclosure and financial...

    Science.gov (United States)

    2010-07-01

    ...' ethical conduct standards, financial disclosure and financial interests regulations and other conduct..., financial disclosure and financial interests regulations and other conduct rules. Employees of the Advisory..., financial disclosure and financial interests regulations at 5 CFR Parts 2634, 2635 and 2640, as well as...

  6. The concept of disclosure in the notes to financial statements

    OpenAIRE

    A.V. Ozeran

    2016-01-01

    The notes to Financial Statements are one of the most powerful sources of information for management decisions concerning a business entity. The tendency to overload informative notes causes rethinking of their role and content. The aim of the study is to discuss a number of ideas that set the requirements for disclosure in the notes to financial statements in order to prevent duplication of information in financial reporting as a whole and eliminate irrelevant disclosure to achieve clarity, ...

  7. 22 CFR 1100.1 - Cross-references to employee ethical conduct standards, financial disclosure and financial...

    Science.gov (United States)

    2010-04-01

    ... standards, financial disclosure and financial interests regulations and other conduct rules. 1100.1 Section... conduct standards, financial disclosure and financial interests regulations and other conduct rules... disclosure regulations contained in 5 CFR part 2634, and the executive branch financial interests...

  8. 45 CFR 706.1 - Cross-references to employee ethical conduct standards, financial disclosure and financial...

    Science.gov (United States)

    2010-10-01

    ... standards, financial disclosure and financial interests regulations and other conduct rules. 706.1 Section..., financial disclosure and financial interests regulations and other conduct rules. Employees of the United... branchwide standards, the executive branch financial disclosure regulations contained in 5 CFR part 2634,...

  9. Exploring Corporate Social Responsibility in Foreign Bank Branches from Romania: An Empirical Analysis of Public Disclosure of Financial Statements and Banking Audit Reports

    Directory of Open Access Journals (Sweden)

    Attila TAMAS-SZORA

    2015-09-01

    Full Text Available The purpose of this study is to investigate the Corporate Social Responsibility CSR/the Social Responsibility Disclosure SRD reporting practices referring to the published banking financial statements and the published auditors' reports. The study was conducted on the foreign bank branches from Romania and is based on their Romanian language web-sites, that constitute the data for the analysis. The results show that voluntary CSR/SRD concepts to disclose the financial statements and the auditors' reports on the Romanian web-sites were applied only by two from nine foreign bank branches. We plead for a social responsibility of the banks, even if they are foreign bank branches that conduct their activities according to the law from their origin countries. Disclosing the economic outputs via web-site could contribute to a high level of banks' transparency and makes part from the responsibility to society into the Corporate Social Responsibility CSR concept.

  10. Self -Disclosure through Sharing with the Public

    Science.gov (United States)

    Sirin, Ahmet

    2008-01-01

    Self-disclosure is a rather difficult skill for both the counselor and the counselee in the psychological counseling process. In this study, the self-disclosure skill, which is an important concept in psychological counseling, and sharing with the public, i.e. with other people, will be studied. The data for the study, which is of a qualitative…

  11. Improving public disclosure in banking

    OpenAIRE

    anonymous

    2000-01-01

    The use of market discipline as a complement to bank supervision and regulation has gained greater acceptance in the United States and abroad. It is also widely recognized that effective market discipline depends on market participants' having information about the risks and financial condition of banking organizations. Therefore, attention is being focused increasingly on ways to improve transparency in banking. Staff of the Federal Reserve System undertook a staff study, Improving Public Di...

  12. Internet Financial Reporting: Disclosure about Companies on Websites

    Directory of Open Access Journals (Sweden)

    Tehmina Khan

    2014-09-01

    Full Text Available The Internet has emerged as a medium of communication of financial reporting information by companies since the mid to late nineties. There are various aspects of Internet based financial reporting that are different from the traditional hard copy presentation. These factors include the actual mode of presentation and, the process of access to the information, that is accessing a company’s website rather then the hard copy version of the financial reports. Various bodies mentioned in this paper have made recommendations to improve financial reporting disclosure online. There is lack of uniformity regarding financial reporting disclosure between companies world wide. This is in relation to various aspects of financial reporting. The three aspects of financial reporting disclosure investigated in this paper include: Fundamental reporting elements, Corporate Social Responsibility reporting elements and Corporate Governance elements. Four samples of companies were selected for comparison regarding financial reporting disclosure. These include: diversified companies, hotels, companies listed on the London and the New York Stock exchanges. It was found that 31 percent of the sample companies did not have a website. The diversified companies had the highest percentage of financial reports on their websites, with the hotels having the least presence of financial reports on their websites. The companies listed on the London Stock exchange had more financial reports available on their websites as compared to the ones listed on the New York Stock Exchange. The item that was least disclosed was the Analysts' Coverage item. Twenty percent of the sample companies with financial reports did not have accompanying audit reports. This is a cause for concern because all companies are required to have audit reports with their annual financial reports under national and international regulatory requirements. Out of the financial statements, the least disclosed

  13. Issues in the Recognition versus Disclosure of Financial Information Debate

    Directory of Open Access Journals (Sweden)

    Novak Aleš

    2016-12-01

    Full Text Available Empirical evidence from the academic literature on capital market effects of financial information placement (i.e., recognition on the face of the primary financial statements versus disclosure in the notes to the financial statements is not straightforward. Therefore, the purpose of this paper is to contribute to the recognition versus required disclosure debate in a standard-setting context by exploring possible reasons for perceived differences between recognized and disclosed amounts. These differences, in our view, arise due to demonstrated auditors’ greater tolerance for misstatement in disclosed amounts, allowed noncompliance with disclosure requirements even in strong enforcement regimes, lesser care that preparers of financial statements devote to disclosures relative to recognized items as well as behavioural factors and differential processing costs related to the users of financial information. We believe that these arguments strengthen the case for the general preference for the recognition of financial information in the standard-setting context. The original scientific contribution of this paper is to systematically identify the reasons for the differences between recognized and disclosed amounts in financial statements. As such, this paper may provide a suitable basis for the justification of certain conceptual changes in the field of international accounting standards that are currently underway.

  14. Family Financial Hardship and Adolescent Girls' Adjustment: The Role of Maternal Disclosure of Financial Concerns.

    Science.gov (United States)

    Lehman, Stephanie Jacobs; Koerner, Susan Silverberg

    2002-01-01

    A study of 62 adolescent girls and their recently divorced mothers examined the relationship between maternal disclosure of financial concerns and difficulties in adolescent daughters' adjustment. Findings revealed a positive direct relationship between family financial hardship and girls' psychological distress, and that financial hardship was…

  15. Violation regulation of financial services authority (FSA, financial performance, and corporate social responsibility disclosure

    Directory of Open Access Journals (Sweden)

    Habib Muhammad Shahib

    2016-07-01

    Full Text Available So far, there has been a bureaucracy reform and implementation of new regulations for good governance capital markets. However, policy violations are still frequent. For example, cases of violation of financial regulations leading to fraudulent financial reporting occurred in several companies listed on the Indonesia Stock Exchange. This study aims to examine the empirical facts related to the legitimacy theory with-in the scope of violation of financial regulation, financial performance and social responsibility disclosure of non-financial companies in Indonesia Stock Exchange. The data were obtained from the Indonesia Stock Exchange. There were 24 non-financial violator-companies of financial regulation chosen as the sample. These data, in relation to the research hypotheses, were analyzed by using a path analysis test. The result showed there were no significant effect of the violations of financial regulations on financial performance and the level of corporate social responsibility disclosure. Therefore, this study confirms legitimacy theory in different forms.

  16. 76 FR 38547 - Technical Updating Amendments to Executive Branch Financial Disclosure and Standards of Ethical...

    Science.gov (United States)

    2011-07-01

    ... branch regulation on financial disclosure to reflect the retroactive statutory increase of the reporting... sections of its executive branchwide ethics regulations on financial disclosure and standards of ethical... executive branch financial disclosure regulation at 5 CFR part 2634 applicable as of January 1, 2011...

  17. 3 CFR 100.1 - Ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-01-01

    ... 3 The President 1 2010-01-01 2010-01-01 false Ethical conduct standards and financial disclosure... § 100.1 Ethical conduct standards and financial disclosure regulations. Employees of the Executive... part 2635, and the executive branch-wide financial disclosure regulations at 5 CFR part 2634....

  18. 29 CFR 100.101 - Cross-reference to financial disclosure requirements and other conduct rules.

    Science.gov (United States)

    2010-07-01

    ... 29 Labor 2 2010-07-01 2010-07-01 false Cross-reference to financial disclosure requirements and... to financial disclosure requirements and other conduct rules. Employees of the National Labor... financial disclosure regulations at 5 CFR part 2634....

  19. 5 CFR 5502.107 - Supplemental disclosure of financial interests in substantially affected organizations applicable...

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 3 2010-01-01 2010-01-01 false Supplemental disclosure of financial... SUPPLEMENTAL FINANCIAL DISCLOSURE REQUIREMENTS FOR EMPLOYEES OF THE DEPARTMENT OF HEALTH AND HUMAN SERVICES § 5502.107 Supplemental disclosure of financial interests in substantially affected...

  20. 50 CFR 600.235 - Financial disclosure.

    Science.gov (United States)

    2010-10-01

    ... entities is covered by 18 U.S.C. 208, the Federal conflict-of-interest statute. (b) Reporting. (1) The... disclosure. Link to an amendment published at 75 FR 59152, Sept. 27, 2010. (a) Definitions. For purposes of... ownership interests in, or employment with, any company, business, fishing vessel, or other entity...

  1. Financial Conflicts of Interest, Disclosure, and Academic Discipline.

    Science.gov (United States)

    Bruton, Samuel V; Sacco, Donald F; Didlake, Ralph

    2016-04-01

    Peer assessments of researchers' financial conflicts of interest (FCOIs) are crucial to effective FCOI management. We sought to determine how academics perceive FCOI disclosure and whether their perceptions vary depending on discipline and educational backgrounds. Participants (faculty and staff members from a multi-disciplinary academic medical center) responded to a questionnaire involving 10 hypothetical scenarios in which researchers either disclosed or failed to disclose a financial conflict (between-participants manipulation). Participants viewed disclosure as important and believed that researchers' objectivity would be affected by undisclosed FCOIs. In contrast to non-physicians, physicians showed greater recognition that the existence of an FCOI does not depend on its disclosure. This suggests that physicians are relatively well informed about FCOIs, which is likely attributable to more education about them.

  2. Disclosure-Derived Financial Statement Adjustments in Equity Valuation

    OpenAIRE

    George Batta; Ananda Ganguly; Joshua George Rosett

    2014-01-01

    In this paper, we assess the equity value relevance of disclosure-derived financial statement adjustments. In price levels and returns tests, we find that reported financial numbers have relatively superior explanatory power over adjusted numbers. Only when adjustments are included along with reported numbers in pricing regressions do adjustments retain significant explanatory power. Our results suggest that for summary valuation inputs like operating profitability, assets, and liabilities, a...

  3. Financial Determinants for Improving Public Sector Accountability: A Meta-Analytic Study

    Directory of Open Access Journals (Sweden)

    Laura Alcaide MUÑOZ

    2013-12-01

    Full Text Available The economic crisis has highlighted the need to pay close attention to the disclosure of financial information by public administration institutions; this is an element contributing to the control, accountability and responsibility and thus to achieving greater financial stability and sustainability. Although the disclosure of public financial information has traditionally been linked with financial variables, previous researches in this respect have been somewhat inconsistent in their findings, and conclusive evidence has yet to be provided regarding these factors and their influence on the level of disclosure. The present meta-analysis tries to reveal the existence of a statistically significant association between certain financial variables and the disclosure of public financial information, although the strength and sign of this association will depend on the context under analysis. The results obtained indicate that, depending on the context in which public managers are operating, they may have different attitudes toward the disclosure of public financial information; the medium employed for the dissemination and public indebtedness are also significant factors to this disclosure. Therefore, results reveal a variable degree of predisposition among public managers to adopt policies aimed at increasing the disclosure of public financial information.

  4. 14 CFR 298.70 - Public disclosure of data.

    Science.gov (United States)

    2010-01-01

    ... 14 Aeronautics and Space 4 2010-01-01 2010-01-01 false Public disclosure of data. 298.70 Section... Disclosure of Data § 298.70 Public disclosure of data. (a) Detailed domestic on-flight market data and... available for three years. Industry and carrier summary data may be made public before the end of six...

  5. 14 CFR 291.60 - Public disclosure of data.

    Science.gov (United States)

    2010-01-01

    ... 14 Aeronautics and Space 4 2010-01-01 2010-01-01 false Public disclosure of data. 291.60 Section... PROCEEDINGS) ECONOMIC REGULATIONS CARGO OPERATIONS IN INTERSTATE AIR TRANSPORTATION Public Disclosure of Data § 291.60 Public disclosure of data. (a) Detailed domestic on-flight market data and nonstop segment...

  6. The Problems in Chinese Government Financial Information Disclosure and Relevant Proposals

    Directory of Open Access Journals (Sweden)

    Zhe Wang

    2016-03-01

    Full Text Available Government financial information is an important part of government information, fully reporting the operational efficiency and the place where government puts tax onto. This paper analyses the problems in Chinese government financial information disclosure and the necessity of reform in detail. It also provides several proposals for the improvement of Chinese governmental financial report and financial information disclosure system.

  7. Portugal; Financial Sector Assessment Program: Technical Note: Investor Protection, Disclosure, and Financial Literacy

    OpenAIRE

    International Monetary Fund

    2007-01-01

    This technical note on Investor Protection, Disclosure, and Financial Literacy for Portugal explains investor protection and corporate governance. Comissão do Mercado de Valores Mobiliários (CMVM) is the regulator in charge on ensuring compliance with disclosure issues as well as the corporate governance framework. It has also participated in the creation of a specialized program in securities at the university level. Portugal has implemented an investor compensation scheme, which covers secu...

  8. ELECTRONIC DISCLOSURE AND FINANCIAL KNOWLEDGE MANAGEMENT

    Institute of Scientific and Technical Information of China (English)

    Jerome YEN; Percy YUEN; Belinna BAI

    2005-01-01

    In this paper, we reported the benefits of using eXtended Markup Language (XML) to support financial knowledge management and discussed number of issues associated with developing an XML-based financial knowledge management system. Current searching engines do not provide sufficient performance in terms of recall, precision, and extensibility for financial knowledge management, because the data represented in HTML format cannot support financial knowledge management effectively. On the other hand, XML provides a vendor-neutral approach to structure and organize contents as XML authors are allowed to create arbitrary tags to describe the format or structure of data. A prototype of XML-based ELectronic Financial Filing System (ELFFS-XML) is developed, and value-added services such as automatic tag generation and cross-linking related information from different data sources are provided to enable knowledge representation and knowledge generation. We compared the XML-based ELFFS with the original HTML-based ELFFS and SEDAR - an electronic filing system used in Canada, and we found that ELFFS-XML is able to provide much more functionalities to support knowledge management. We also compared our automatic tag generation result with the experts' and investors' choices, and recommended some directions for future development of similar electronic filing systems.

  9. Discussion on University Financial Information Disclosure%高校财务信息公开探论

    Institute of Scientific and Technical Information of China (English)

    傅赛萍

    2012-01-01

    This paper elaborates the necessity of college financial information disclosure and analyze the current university financial information disclosure problems. In the view of these problems, the thesis puts forward specific measures to strengthen the publicity of college financial information.%阐述高校财务信息公开的必要性,分析目前高等学校财务信息公开存在的一些问题,并针对问题,提出了加强高校财务信息公开化的几点具体措施。

  10. The concept of disclosure in the notes to financial statements

    Directory of Open Access Journals (Sweden)

    A.V. Ozeran

    2015-12-01

    Full Text Available The notes to Financial Statements are one of the most powerful sources of information for management decisions concerning a business entity. The tendency to overload informative notes causes rethinking of their role and content. The aim of the study is to discuss a number of ideas that set the requirements for disclosure in the notes to financial statements in order to prevent duplication of information in financial reporting as a whole and eliminate irrelevant disclosure to achieve clarity, consistency and effectiveness of the information contained in the notes. Based on the proposed clarified definition of «the notes to financial statements», we concluded that the notes should: a provide details and explanations of primary financial statements; b apply only to transactions and events existing at the reporting date; c focus on the needs of specific users and reflect reporting information specific to each entity. The development of the paper concepts will help strengthen the usefulness of company financial statements and increase their transparency.

  11. The main categories of disclosures concerning control over financial reporting: The practice of companies listed on the Warsaw Stock Exchange

    Directory of Open Access Journals (Sweden)

    Gad Jacek

    2015-10-01

    Full Text Available The aim of this paper is to answer the question whether, and, if so, to what extent, control over financial reporting is exercised in practice. An attempt was made to measure the control by analysing the disclosures regarding the control over financial reporting which were included in the annual reports and statements on corporate governance. The annual reports of the companies listed on the WSE were the subject of the research. The research problems presented in this article with regard to the disclosures about the control over financial reporting have only been discussed to a limited extent in the literature. It seems that the list of disclosures is an important part of this paper. It can serve as a reference point for the development of a disclosure index and, additionally, provide a basis for a verification of research questions that may be posed in the future. The results of the study indicate that there was no single form of disclosing the information on internal control and risk management systems in relation to financial reporting in the reporting practices of the public companies listed on the Warsaw Stock Exchange in 2011. The disclosures were different both in terms of the degree of detail and the content. The companies listed on the WSE presented the information on control over financial reporting within 13 major categories of disclosures identified in the study.

  12. Disclosure by politicians

    NARCIS (Netherlands)

    Djankov, S.; la Porta, R.; Lopez-de-Silanes, F.; Shleifer, A.

    2009-01-01

    We collect data on the rules and practices of financial and conflict disclosure by politicians in 175 countries. Although two thirds of the countries have some disclosure laws, less than a third make disclosures available to the public. Disclosure is more extensive in richer and more democratic coun

  13. Environmental Financial Information: differences in disclosure levels among Brazilian companies

    Directory of Open Access Journals (Sweden)

    Janaína da Silva Ferreira

    2016-03-01

    Full Text Available Issues related to the environment and sustainability have motivated interests of the academic community and organizations. The current model of society is permeated by excessive production and consumption, which is exacerbating man's relationship with nature. It is a fact that, to subsist, society needs the manufacturing of products and delivery of services, but it is also known that manufacturing products and providing services impact the environment. The impact also differs according to the activity that is developed. In Brazil, Law No. 10.165/2000 determines on the National Environmental Policy and ranks companies according to the environmental impact they cause. This research analyzed the voluntary disclosure of environmental financial information in Brazilian companies, classified into sectors with different environmental impacts. Therefore, we investigated the Standardized Financial Statements of the companies that make up the IBRX-50 index, in its portfolio from May to August 2014, in the years 2011, 2012 and 2013. The measure ranked the environmental financial information, distributing the data into seven categories and 30 subcategories. The most evidenced category relates to environmental investments, with 58% of the information disclosed. The highest amount presented was in the category of environmental liabilities and contingencies, with R$259.84 billion. The results show that there is a difference in the disclosure of environmental financial information compared to the amount of sentences disclosed without the number of subcategories evidenced. The nonparametric test and content analysis showed that, in the years analyzed, companies with high environmental impact disclose more environmental financial information.

  14. The influence of proprietary disclosure costs on the decision to go public

    NARCIS (Netherlands)

    Marra, T.A.

    2001-01-01

    This thesis studies the influence of proprietary disclosure costs related to informing product market competitors on management communication with investors. In doing so it focuses on the firm's decision to go public. A firm that goes public not only experiences a change in its financial and governa

  15. Financial Disclosure and International Capital Mobility in Latin America

    Directory of Open Access Journals (Sweden)

    Luis Gustavo do Lago Quinteiro

    2008-04-01

    Full Text Available The extant literature provides evidence on the impact of financial disclosure environments on international capital mobility. However, to our knowledge, there are no such studies including Latin-American countries. We aimed to fill this void by assessing the influence of accounting information on international capital mobility in a twenty-two-country sample, including the three largest Latin-American countries: Argentina, Brazil and Mexico. The countries included in the sample represent around 80% of the world’s GDP from 1995 to 2001. Our empirical results show with a 99% confidence level that the degree of disclosure of value-relevant accounting information has positively influenced international capital mobility. We also show, with a 95% confidence level, that countries where financial accounting is less aligned with tax accounting present higher international capital mobility. The three Latin-American countries studied present relatively low levels of disclosure among thesampled countries. However, whereas Argentina and Brazil show low levels of capital mobility, Mexico stands out with a high capital mobility, which we reckon could be accounted for by the country’s trade and investment connections with the US and by its participation in the NAFTA.

  16. 10 CFR 1010.102 - Cross-references to employee ethical conduct standards, financial disclosure regulations, and...

    Science.gov (United States)

    2010-01-01

    ..., financial disclosure regulations, and other conduct rules. 1010.102 Section 1010.102 Energy DEPARTMENT OF... standards, financial disclosure regulations, and other conduct rules. Employees of DOE are subject to the... financial disclosure regulations at 5 CFR part 2634, the executive branch-wide financial...

  17. A study of the Irish paradigm of disclosure of financial information to employees

    OpenAIRE

    Barker, Patricia

    1992-01-01

    This study examines the case for the disclosure of financial information to employees of enterprises in the Republic of Ireland. A case for the justification of such disclosure within the Decision Usefulness approach is established. Through literature review, analysis and empirical study, the Irish paradigm of disclosure to employees, insofar as it has developed to date, is described. Current disclosure practice in major Irish enterprises is established, and 'local' c...

  18. Disclosure of Financial Conflicts of Interests in Interventions to Improve Child Psychosocial Health: A Cross-Sectional Study.

    Science.gov (United States)

    Eisner, Manuel; Humphreys, David K; Wilson, Philip; Gardner, Frances

    2015-01-01

    Academic journals increasingly request a full disclosure of financial conflict of interest (CoI). The Committee for Publication Ethics provides editors with guidance about the course of action in the case of suspected non-disclosure. No prior study has examined the extent to which journal articles on psychosocial interventions disclose CoI, and how journal editors process requests to examine suspected undisclosed CoI. Four internationally disseminated psychosocial interventions were examined. 136 articles related to an intervention, co-authored by intervention developers and published in health sciences journals were retrieved as requiring a CoI statement. Two editors refused consent to be included in the study. COI disclosures and editor responses were coded for 134 articles. Overall, 92/134 (71%) of all articles were found to have absent, incomplete or partly misleading CoI disclosures. Disclosure rates for the four programs varied significantly between 11% and 73%. Journal editors were contacted about 92 published articles with no CoI disclosure or a disclosure that was considered problematic. In 65/92 (71%) of all cases the editors published an 'erratum' or 'corrigendum'. In 16 of these cases the journal had mishandled a submitted disclosure. The most frequent reason for non-publication of an erratum was that the journal had no disclosure policy at the time of the publication (16 cases). Consumers of research on psychosocial interventions published in peer-reviewed journals cannot currently assume that CoI disclosures are adequate and complete. More efforts are needed to achieve transparency.

  19. 40 CFR 18.11 - Standards of Conduct and Financial Disclosure.

    Science.gov (United States)

    2010-07-01

    ....11 Standards of Conduct and Financial Disclosure. All individuals appointed to an Environmental... 40 Protection of Environment 1 2010-07-01 2010-07-01 false Standards of Conduct and Financial Disclosure. 18.11 Section 18.11 Protection of Environment ENVIRONMENTAL PROTECTION AGENCY...

  20. Political environment in the effect of the regional government financial performance on disclosure of financial information on website

    Directory of Open Access Journals (Sweden)

    Yustina Hiola

    2016-07-01

    Full Text Available This study aims to analyze the effect of financial performance of local governments towards the disclosure compliance of financial information on the website, as well as the political environment as a moderating variable for the effect of the financial performance of local governments towards disclosure compliance of financial infor-mation on the website. The study was conducted at the local government in Sulawesi with the sample consisting of 53 governments. The data were analyzed by partial least square (PLS. The results showed that good financial performance of local governments can encourage disclosure compliance of financial information on the website. This study also found that the political environment cannot moderate the effect of the financial performance towards the disclosure compliance of financial information on the website. This is due to the people who are interested more in paper-based reporting. The implication of this study was to encourage related re-search as well as encouraging local governments to use website as a media for finan-cial information reporting. Gorontalo district government is local government, which has excellent financial performance with complete disclosure of financial information on the website.

  1. Satisfying the demand for financial information in public traded companies

    DEFF Research Database (Denmark)

    Holm, Claus

    A public traded company which wishes to comply with IAS standards and stock exchange requirements for full public disclosure of relevant information faces a major communication task. The Investor Relation policy of such a company has to satisfy a demand for financial information which seems...... and detailed information is, however, in stark contrast to reports on the demands by leading financial analysts. In the ongoing process of improving Investor Relation policies, the companies are often meet by financial analysts looking for condensed figures and tell-all financial ratios. This paper examines...... that Investor Relation policies are still made from a supply viewpoint, i.e., the perceived need for the company to provide specific information even when presenting the condensed information through key figures and financial ratios. There is no panacea in satisfying the demand for comparable financial figures....

  2. 12 CFR 1401.1 - Cross-references to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-01-01

    ... standards and financial disclosure regulations. 1401.1 Section 1401.1 Banks and Banking FARM CREDIT SYSTEM... conduct standards and financial disclosure regulations. Board members, officers, and other employees of... branch-wide financial disclosure regulations at 5 CFR part 2634....

  3. 22 CFR 1504.1 - Cross-references to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-04-01

    ... standards and financial disclosure regulations. 1504.1 Section 1504.1 Foreign Relations AFRICAN DEVELOPMENT... standards and financial disclosure regulations. Directors and other employees of the African Development... part 2635, and the executive branch financial disclosure regulations at 5 CFR part 2634....

  4. 12 CFR 336.1 - Cross-reference to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-01-01

    ... standards and financial disclosure regulations. 336.1 Section 336.1 Banks and Banking FEDERAL DEPOSIT... and Conduct § 336.1 Cross-reference to employee ethical conduct standards and financial disclosure... supplements the Executive Branch-wide financial disclosure regulations....

  5. 5 CFR 1300.1 - Cross-reference to employees ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-01-01

    ... conduct standards and financial disclosure regulations. 1300.1 Section 1300.1 Administrative Personnel... to employees ethical conduct standards and financial disclosure regulations. Employees of the Office... standards, and the executive branch-wide financial disclosure regulations at 5 CFR part 2634....

  6. 22 CFR 1001.1 - Cross-references to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-04-01

    ... standards and financial disclosure regulations. 1001.1 Section 1001.1 Foreign Relations INTER-AMERICAN... standards and financial disclosure regulations. Directors and other employees of the Inter-American... branch standards, and the executive branch financial disclosure regulations at 5 CFR part 2634....

  7. 36 CFR 400.1 - Cross-references to employees' ethical conduct standards, financial disclosure regulations and...

    Science.gov (United States)

    2010-07-01

    ...' ethical conduct standards, financial disclosure regulations and other conduct rules. 400.1 Section 400.1... CONDUCT § 400.1 Cross-references to employees' ethical conduct standards, financial disclosure regulations... executive branch-wide standards of ethical conduct and financial disclosure regulations at 5 CFR parts...

  8. 18 CFR 3c.1 - Cross-reference to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-04-01

    ... employee ethical conduct standards and financial disclosure regulations. 3c.1 Section 3c.1 Conservation of... STANDARDS OF CONDUCT § 3c.1 Cross-reference to employee ethical conduct standards and financial disclosure... branch-wide financial disclosure regulations at 5 CFR part 2634, the Standards of Ethical Conduct...

  9. 12 CFR 400.101 - Cross-reference to employee financial disclosure and ethical conduct standards regulations.

    Science.gov (United States)

    2010-01-01

    ... BANK OF THE UNITED STATES EMPLOYEE FINANCIAL DISCLOSURE AND ETHICAL CONDUCT STANDARDS REGULATIONS § 400.101 Cross-reference to employee financial disclosure and ethical conduct standards regulations...-wide financial disclosure regulations at 5 CFR part 2634; (b) The executive branch-wide Standards...

  10. 41 CFR 105-735.1 - Cross-references to employee ethical conduct standards, financial disclosure regulations, and...

    Science.gov (United States)

    2010-07-01

    ... employee ethical conduct standards, financial disclosure regulations, and other regulations. 105-735.1... CONDUCT § 105-735.1 Cross-references to employee ethical conduct standards, financial disclosure... conduct at 5 CFR part 735, and the executive branch financial disclosure regulations contained in 5...

  11. 5 CFR 1633.1 - Cross-reference to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-01-01

    ... conduct standards and financial disclosure regulations. 1633.1 Section 1633.1 Administrative Personnel... ethical conduct standards and financial disclosure regulations. Employees of the Federal Retirement Thrift..., and the executive branch-wide financial disclosure regulations at 5 CFR part 2634....

  12. 39 CFR 3000.735-101 - Cross-reference to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-07-01

    ... standards and financial disclosure regulations. 3000.735-101 Section 3000.735-101 Postal Service POSTAL... employee ethical conduct standards and financial disclosure regulations. Employees of the Postal Regulatory... branch-wide standards, and the executive branch-wide financial disclosure regulation at 5 CFR part 2634....

  13. 16 CFR 1030.101 - Cross-references to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-01-01

    ... standards and financial disclosure regulations. 1030.101 Section 1030.101 Commercial Practices CONSUMER... employee ethical conduct standards and financial disclosure regulations. Employees of the Consumer Product... 735; and the financial disclosure regulations at 5 CFR part 2634, which are applicable to...

  14. 15 CFR 0.735-2 - Cross-references to ethical conduct, financial disclosure, and other applicable regulations.

    Science.gov (United States)

    2010-01-01

    ..., financial disclosure, and other applicable regulations. 0.735-2 Section 0.735-2 Commerce and Foreign Trade... Cross-references to ethical conduct, financial disclosure, and other applicable regulations. Employees... at 5 CFR part 2635 and the executive branch-wide financial disclosure regulations at 5 CFR part 2634....

  15. 34 CFR 73.1 - Cross-reference to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-07-01

    ... and financial disclosure regulations. 73.1 Section 73.1 Education Office of the Secretary, Department... financial disclosure regulations. Employees of the Department of Education are subject to the executive... subject to the executive branch-wide financial disclosure regulations at 5 CFR part 2634....

  16. 49 CFR 1019.1 - Cross-reference to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-10-01

    ... standards and financial disclosure regulations. 1019.1 Section 1019.1 Transportation Other Regulations... Cross-reference to employee ethical conduct standards and financial disclosure regulations. Members and... standards, and the executive branch financial disclosure regulations at 5 CFR part 2634....

  17. 29 CFR 1600.101 - Cross-reference to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-07-01

    ... financial disclosure regulations. 1600.101 Section 1600.101 Labor Regulations Relating to Labor (Continued... to employee ethical conduct standards and financial disclosure regulations. Employees of the Equal...-wide standards, and the executive branch-wide financial disclosure regulations at 5 CFR part 2634....

  18. 17 CFR 229.304 - (Item 304) Changes in and disagreements with accountants on accounting and financial disclosure.

    Science.gov (United States)

    2010-04-01

    ... disagreements with accountants on accounting and financial disclosure. 229.304 Section 229.304 Commodity and... accounting and financial disclosure. (a)(1) If during the registrant's two most recent fiscal years or any... any matter of accounting principles or practices, financial statement disclosure, or auditing scope...

  19. 5 CFR 1900.100 - Cross-references to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-01-01

    ... conduct standards and financial disclosure regulations. 1900.100 Section 1900.100 Administrative Personnel... ethical conduct standards and financial disclosure regulations. Officers and employees of the Appalachian... Executive Branch at 5 CFR part 2635 and the executive branch-wide financial disclosure regulations at 5...

  20. 14 CFR 1207.101 - Cross-references to ethical conduct, financial disclosure, and other applicable regulations.

    Science.gov (United States)

    2010-01-01

    ..., financial disclosure, and other applicable regulations. 1207.101 Section 1207.101 Aeronautics and Space...-references to ethical conduct, financial disclosure, and other applicable regulations. Employees of the... and conduct at 5 CFR part 735, and the executive branch-wide financial disclosure regulation at 5...

  1. 49 CFR 99.735-1 - Cross-reference to ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-10-01

    ... financial disclosure regulations. 99.735-1 Section 99.735-1 Transportation Office of the Secretary of... standards and financial disclosure regulations. Employees of the Department of Transportation are subject to... executive branch-wide financial disclosure regulations at 5 CFR part 2634....

  2. Going-Public and the Influence of Disclosure Environment

    NARCIS (Netherlands)

    Marra, T.A.; Suijs, J.P.M.

    2000-01-01

    This paper analyzes how differences in disclosure environments affect the firms choice between private and public capital. Disclosure regulations prescribe to what extent the firm has to release confidential information that may lead to the firm incurring proprietary cost. We examine which firms go

  3. Personal Financial Disclosure: Is It Your Civic Duty or Indecent Exposure?

    Science.gov (United States)

    Ficklen, Ellen

    1985-01-01

    The pros and cons of financial disclosure laws of varying strictness and their effects on school board members are discussed. Recent trends are noted and a tabulation is provided of the statutory requirements concerning disclosure of personal finances and campaign contributions in all 50 states and the District of Columbia. (PGD)

  4. Confidential Financial Disclosure Form for Environmental Protection Agency Special Government Employees (EPA Form 3110-48)

    Science.gov (United States)

    EPA uses the Confidential Financial Disclosure Form to determine whether there is a conflict of interest or the appearance of a lack of impartiality with regard to the topic under review by the FIFRA Scientific Advisory Panel.

  5. An analysis of the financial reporting compliance of South African public agricultural companies

    OpenAIRE

    2015-01-01

    M.Com. (International Accounting) This minor dissertation assesses the extent to which South African public companies that are engaged in agricultural activities are complying with the recognition, measurement and disclosure requirements of IAS 41, Agriculture, as well as whether they are providing any additional voluntary disclosures about their biological assets. Sixteen large South African public companies with material holdings of biological assets in their statements of financial posi...

  6. The association between corporate social responsibility disclosure of cigarette company and company’s financial performance

    Directory of Open Access Journals (Sweden)

    Desy Ratna Yuwita Amelia

    2017-01-01

    Full Text Available This research examines the association between Corporate Social Responsibility (CSR disclosure and financial performances-Return on Assets (ROA, Return on Equity (ROE, and Stock Return-within the cigarette companies listed on Indonesian Stock Exchange. This research used 3 cigarettes companies; PT Gudang Garam Tbk., PT Hanjaya Mandala Sampoerna Tbk., and PT Bentoel Internasional Investama. Simple linear regression is used to examine the association between CSR disclosure and the cigarettes companies’ financial performance. The study reveals that the disclosure of CSR only has positive influences toward Return on Assets; yet, it does not correlate with the Return on Equity and Stock Return.

  7. ANALYSIS OF COMPANY SIZE, FINANCIAL LEVERAGE, AND PROFITABILITY AND ITS EFFECT TO CSR DISCLOSURE

    Directory of Open Access Journals (Sweden)

    Suskim Riantani

    2015-09-01

    Full Text Available This study aims to analyze and recognize the effect of financial performance measured through company size, financial leverage and profitability to Corporate Social Responsibility Disclosure (CSRD. The research was done in Tobacco Company listed in Indonesia Stock Exchange during period of 2007-2011. Descriptive analysis and verification method was used as the research method. The purposive sampling method was used to obtain the sample and there are three cigarette companies as the sample. Multiple linear regression and correlation analysis using t test and F test were applied as a technique of analysis. The test of the classical assumption such as the normality, multicollinearity, heteroscedasticity, and autocorrelation applied before the multiple linear regression. The result shows that the company size had positive and significant effect to the CSR disclosure, financial leverage does not show significant effect to the CSR disclosure, profitability does not have significant effect to the CSR disclosure during the investigation.

  8. 22 CFR 705.101 - Cross-reference to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-04-01

    ... standards and financial disclosure regulations. 705.101 Section 705.101 Foreign Relations OVERSEAS PRIVATE INVESTMENT CORPORATION ADMINISTRATIVE PROVISIONS EMPLOYEE ETHICAL CONDUCT STANDARDS AND FINANCIAL DISCLOSURE REGULATIONS § 705.101 Cross-reference to employee ethical conduct standards and financial...

  9. 29 CFR 2703.1 - Cross-reference to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-07-01

    ... financial disclosure regulations. 2703.1 Section 2703.1 Labor Regulations Relating to Labor (Continued...-reference to employee ethical conduct standards and financial disclosure regulations. Members and employees... supplement the executive branch-wide standards; and the executive branch-wide financial...

  10. 46 CFR 508.101 - Cross-referrence to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-10-01

    ... and financial disclosure regulations. 508.101 Section 508.101 Shipping FEDERAL MARITIME COMMISSION GENERAL AND ADMINISTRATIVE PROVISIONS EMPLOYEE ETHICAL CONDUCT STANDARDS AND FINANCIAL DISCLOSURE REGULATIONS § 508.101 Cross-referrence to employee ethical conduct standards and financial...

  11. Disclosure of Financial Statements: A Study on the Level of Accounting Disclosure of Brazilian Soccer Clubs in 2013

    Directory of Open Access Journals (Sweden)

    Alyson Gomes de Souza

    2017-02-01

    Full Text Available The present study sought to analyze adherence to CFC Resolution No. 1429/13 in elaboration and disclosure of Financial Statements by Brazilian clubs. Through a checklist inspired by Raschka, Wallner and Costa (2008, we analyzed this adherence in 2013. We observed that the specific criteria and procedures for the evaluation, accounting records and structuring of the Financial Statements of professional soccer entities 53.04% of the items recommended by CFC Resolution No. 1429/2013. The results pointed that there is a significant variation in the disclosure process between the clubs, which makes it difficult to understand accounting records and assess the shareholders’ equity of soccer clubs. This lack of standardization to the accounting practices in accordance with NBC ITG 2003 complicates any interpretation of accounting records and assessment of the heritage of soccer bodies, increasing the risk of a wrong decision making on the purchase, sale or training players. These decisions affect the club’s finances, and create barriers to investors, since they cannot identify the real situation of the club and calculate investments. Due to the economic importance, cultural and social development of soccer clubs, this study has greatly contributed to the development of a discussion on accounting level disclosure practiced in the club, as this new standard of conduct seeks to maximize the level of accounting disclosure as a requirement for behavioral change of both the leaders and the organizational, economical and financial development of sports entities.

  12. INTERNET FINANCIAL DISCLOSURE: EVIDENCE FROM SAUDI ARABIA AND OMAN

    OpenAIRE

    Basuony, Mohamed A. K.; Ehab K. A. Mohamed

    2014-01-01

    The purpose of this paper is to examine the nature and characteristics of voluntary internet disclosures by listed companies in Saudi Arabia and Oman. This paper uses archival data from listed companies on Tadawul Stock Exchange and Muscat Securities Market. Mann-Whitney test is used to examine the differences in disclosure characteristics between the two countries. The results reveal that a number of disclosure characteristics that differ significantly between the two countries. Also, this s...

  13. TIAA's Commercial Mortgage and Real Estate Investments: The Case for Financial Disclosure.

    Science.gov (United States)

    Garrigan, Richard T.; Jones, Thomas W.

    1992-01-01

    The Teachers Insurance and Annuities Association (TIAA) is criticized for inadequate financial disclosure of its mortgage and real estate investments, especially in the current market. A TIAA vice president responds that the company has not been remiss in reporting changes to its constituents and outlines its present financial status. (MSE)

  14. Financial disclosure and toxic products: encouraging wall street to anticipate product risk and exercise precaution.

    Science.gov (United States)

    Lewis, Sanford; Byrne, Margaret

    2009-01-01

    Amidst discussion by policymakers about how regulators' failure to ensure disclosure of risks contributed to the current financial crisis, we assess how emerging product toxicity risks are addressed in companies' financial reports. Will corporations blindside investors with "the next asbestos?" Existing disclosures are found lacking in the specificity needed to forewarn of liabilities and reputational damage from the use of potentially harmful materials-from nanotechnologies, to asthmagens, to perfluorinated compounds. Improved standards could protect investors while also enhancing corporate incentives to use safer materials. Reforms by the Securities and Exchange Commission and the Financial Accounting Standards Board are recommended.

  15. Post-financial Crisis 1997/1998: Disclosure of Corporate Governance among Banks in Malaysia

    OpenAIRE

    Omar, Siti Aisyah

    2008-01-01

    This research investigates the comprehensiveness of corporate governance disclosure in the annual reports among banks in Malaysia so as to identify the improvements on corporate governance disclosure after the financial crisis 1997/1998. A sample consisting of 17 foreign and domestic commercial banks operated in Malaysia has been selected based on the list obtained from Bank Negara Malaysia for the purpose of conducting this research. From the analysis of the annual reports, a finding shows t...

  16. Post-financial Crisis 1997/1998: Disclosure of Corporate Governance among Banks in Malaysia

    OpenAIRE

    Omar, Siti Aisyah

    2008-01-01

    This research investigates the comprehensiveness of corporate governance disclosure in the annual reports among banks in Malaysia so as to identify the improvements on corporate governance disclosure after the financial crisis 1997/1998. A sample consisting of 17 foreign and domestic commercial banks operated in Malaysia has been selected based on the list obtained from Bank Negara Malaysia for the purpose of conducting this research. From the analysis of the annual reports, a finding shows t...

  17. 21 CFR 516.52 - Availability for public disclosure of data and information in requests.

    Science.gov (United States)

    2010-04-01

    ... 21 Food and Drugs 6 2010-04-01 2010-04-01 false Availability for public disclosure of data and... Availability for public disclosure of data and information in requests. (a) FDA will not publicly disclose the... acknowledged, no data or information in the request are available for public disclosure prior to final...

  18. 21 CFR 312.130 - Availability for public disclosure of data and information in an IND.

    Science.gov (United States)

    2010-04-01

    ... 21 Food and Drugs 5 2010-04-01 2010-04-01 false Availability for public disclosure of data and... Miscellaneous § 312.130 Availability for public disclosure of data and information in an IND. (a) The existence... publicly disclosed or acknowledged. (b) The availability for public disclosure of all data and...

  19. The Financial Performance and Corporate Governance Disclosure: A Study in the Annual Reports of Listed Companies of Bangladesh

    Directory of Open Access Journals (Sweden)

    Md. Abdur Rouf

    2012-06-01

    Full Text Available This research aims to test empirically the relationship between the Financial Performances (Profitability and the level of Corporate Governance Disclosure (CGD by the listed non-financial companies in Bangladesh. Data are taken from annual reports of the listed companies in the 2007. This paper is based on a sample of 94 listed companies and Used OLS as a method of estimation. The extent of corporate governance disclosure level is measured using 40 items of information and financial performance (profitability is measured by return on assets (ROA. Using an unweighted approach for measuringcorporate governance disclosure, this approach is most appropriate when no importance is given to any specific user-groups. After establishing the disclosure index, a scoring sheet was developed to assess the extent of corporate governance disclosures. The resultshows that the level of Corporate Governance Disclosure (CGD is positively correlated with the Financial Performances (Profitability. The study provides empirical evidence to policy makers and regulators in South Asia.

  20. Toward accommodating physicians' conscientious objections: an argument for public disclosure.

    Science.gov (United States)

    Harter, Thomas D

    2015-03-01

    This paper aims to demonstrate how public disclosure can be used to balance physicians' conscientious objections with their professional obligations to patients--specifically respect for patient autonomy and informed consent. It is argued here that physicians should be permitted to exercise conscientious objections, but that they have a professional obligation to provide advance notification to patients about those objections. It is further argued here that public disclosure is an appropriate and ethically justifiable limit to the principle of advance notification. The argument for publicly disclosing physicians' conscientious objections is made in this paper by discussing three practical benefits of public disclosure in medicine, and then addressing how publicly disclosing physicians' conscientious objections is not an undue invasion of privacy. Three additional concerns with public disclosure of physicians' conscientious objections are briefly addressed--potential harassment of physicians, workplace discrimination, and mischaracterising physicians' professional aptitude--concluding that each of these concerns requires further deliberation in the realm of business ethics. Published by the BMJ Publishing Group Limited. For permission to use (where not already granted under a licence) please go to http://group.bmj.com/group/rights-licensing/permissions.

  1. 29 CFR 0.735-1 - Cross-references to employee ethical conduct standards, financial disclosure regulations and...

    Science.gov (United States)

    2010-07-01

    ..., financial disclosure regulations and other ethics regulations. 0.735-1 Section 0.735-1 Labor Office of the... financial disclosure regulations at 5 CFR part 2634, the conflicts of interest regulations at 5 CFR part... Department of Labor Employees § 0.735-1 Cross-references to employee ethical conduct standards,...

  2. 13 CFR 105.101 - Cross-reference to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-01-01

    ... ethical conduct standards and financial disclosure regulations. 105.101 Section 105.101 Business Credit... regulations at 5 CFR part 2634 entitled, Executive Branch Financial Disclosure, Qualified Trusts and... RESPONSIBILITIES Standards of Conduct § 105.101 Cross-reference to employee ethical conduct standards and...

  3. 24 CFR 0.1 - Cross-reference to employees ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-04-01

    ... ethical conduct standards and financial disclosure regulations. 0.1 Section 0.1 Housing and Urban... Cross-reference to employees ethical conduct standards and financial disclosure regulations. Employees... which supplements the executive branch-wide standards, and the executive branch-wide...

  4. 12 CFR 264.101 - Cross-reference to employees' ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-01-01

    ... standards and financial disclosure regulations. 264.101 Section 264.101 Banks and Banking FEDERAL RESERVE... § 264.101 Cross-reference to employees' ethical conduct standards and financial disclosure regulations..., which supplements the executive branch-wide standards, and the executive branch-wide...

  5. 38 CFR 0.735-10 - Cross-reference to employee ethical and other conduct standards and financial disclosure...

    Science.gov (United States)

    2010-07-01

    ... employee ethical and other conduct standards and financial disclosure regulations. 0.735-10 Section 0.735... Responsibilities and Conduct at 5 CFR part 735, and the executive branch-wide financial disclosure regulation at 5... Employees § 0.735-10 Cross-reference to employee ethical and other conduct standards and...

  6. 12 CFR 601.100 - Cross-references to employee ethical conduct standards and financial disclosure regulations.

    Science.gov (United States)

    2010-01-01

    ... standards and financial disclosure regulations. 601.100 Section 601.100 Banks and Banking FARM CREDIT... employee ethical conduct standards and financial disclosure regulations. Board members, officers, and other..., which supplements the Executive Branch-wide Standards, and the executive branch-wide...

  7. Characteristics of physicians receiving large payments from pharmaceutical companies and the accuracy of their disclosures in publications: an observational study

    Directory of Open Access Journals (Sweden)

    Norris Susan L

    2012-09-01

    Full Text Available Abstract Background Financial relationships between physicians and industry are extensive and public reporting of industry payments to physicians is now occurring. Our objectives were to describe physician recipients of large total payments from these seven companies, and to examine discrepancies between these payments and conflict of interest (COI disclosures in authors’ concurrent publications. Methods The investigative journalism organization, ProPublica, compiled the Dollars for Docs database of payments to individuals from publically available data from seven US pharmaceutical companies during the period 2009 to 2010. We examined the cohort of 373 physicians in this database who each received USD $100,000 or more in the reporting period 2009 to 2010. Results These physicians received a total of $52,600,624 during this period (mean payment per physician $141,020. The predominant specialties were internal medicine and psychiatry. 147 of these physicians authored a total of 134 publications in the first quarter of 2011 and 77% (103 of these publications provided a COI disclosure. 69% of the 103 publications did not contain disclosures of the payment listed in the Dollars for Docs database. Conclusions With increased public reporting of industry payments to physicians, it is apparent that large sums are being paid for services such as consulting and peer education. In over two-thirds of publications where COI disclosures were provided, the disclosures by physician authors did not include industry payments that were documented in the Dollars for Docs database.

  8. 28 CFR 45.1 - Cross-reference to ethical standards and financial disclosure regulations.

    Science.gov (United States)

    2010-07-01

    ... 28 Judicial Administration 2 2010-07-01 2010-07-01 false Cross-reference to ethical standards and financial disclosure regulations. 45.1 Section 45.1 Judicial Administration DEPARTMENT OF JUSTICE (CONTINUED.... Employees of the Department of Justice are subject to the executive branch-wide Standards of Ethical...

  9. CPC 29: An Analysis of the Requirements for Disclosure between Private and Public Firms of Agribusiness Sector

    Directory of Open Access Journals (Sweden)

    Ricardo Luiz Menezes da Silva

    2013-04-01

    Full Text Available Based on the theories of agency and stakeholder is expected that those responsible for preparing the financial statements are committed to the disclosure of relevant information to users. The purpose of this work is to make an analysis from the information provided by public and private companies of the agribusiness sector, focusing on disclosure requirements of the CPC 29. However, the differential of this work is the analysis separately of public and private companies. This is a descriptive and qualitative research, based on analysis of financial statements of 2010. For this, a check list based on CPC 29 was applied, allowing the comparison between public and private companies through of the Mann-Whitney test. The data analyzed allow concluding that most of the sample opted to use fair value as the measurement basis, but did not disclose the assumptions used in the method adopted. This situation undermines the comparative analysis of financial statements and decreases its relevance to users, besides allowing practices of earnings management. The disclosure of the types of biological assets and the reconciliation of the changes in the carrying amount of these were made for much of the sample companies. However, there was a low disclosure of risk and control restrictions for the composition of the historical cost of biological assets. These evidences show that companies, public or private, complied partially the requirements of CPC 29. Moreover, in the separate analysis, the statistical test shows no difference in terms of disclosure between the two groups. These results should be analyzed with caution considering the limitations of this research and the adaptation period for which companies face in the first adoption of CPC 29.

  10. The usefulness of the business model disclosure for investors’ judgements in financial entities. A European study

    Directory of Open Access Journals (Sweden)

    Alessandro Mechelli

    2017-01-01

    Full Text Available The business model concept is a common topic investigated in different fields of research. To participate to the debate around such concept in the accounting field, the objective of this paper is showing whether and how the voluntary disclosure of the non-mandatory IASB (2010 macro-components, that we consider the key elements of a business model of financial entities, increases the value relevance of accounting amounts. Analyzing a sample of 124 European financial entities over the period 2010–2013, the paper shows that the value relevance of accounting amounts of entities that provide a wide disclosure of their business model is higher than the one of entities that provide a limited disclosure of their business model. These findings not only shed lights about the importance of disclosing information relating to the business model to improve the usefulness of accounting amounts for investors’ strategies, but also have implication for regulators and standard setters that from results could learn the opportunity to make the disclosure of IASB (2010 compulsory for all the IAS/IFRS compliant entities.

  11. The Company’s Internal Characteristics and Mandatory Disclosure Size of Web-Based Financial Reporting

    Directory of Open Access Journals (Sweden)

    Weli Weli

    2017-03-01

    Full Text Available The new regulation on the Indonesian Capital Market (XK6-Bapepam-LK No. KEP-431/BL/ 2012, related to the disclosure of financial information on the company's website is the main motivation of this study, which is to analyze the extent to which issuers responded to the new regulation. The study was conducted on 50 companies included in the list of 50 companies with the highest score of corporate governance version IICD in 2013 - 2014 and 57 companies in the same industry as a control companies, with the total number of samples is 107 companies. The study was conducted by analyzing the factors (size, listing period, industry, the quality of corporate governance that affect the level of disclosure by the company on their website. The results showed that not all sample companies do a full disclosure and the average disclosure is only 77%. Further, the factor of disclosure size was also influenced by the company's internal characteristics such as company size, type of industry and good corporate governance.

  12. Risk Management Disclosure In Malaysian Islamic Financial Institutions: Pre- And Post-Financial Crisis

    National Research Council Canada - National Science Library

    Rosnadzirah Ismail; Rashidah Abdul Rahman; Normah Ahmad

    2013-01-01

      The East Asian financial crisis in 1997 and later the global financial crisis in 2007 and 2008 had a big impact on the corporate world as many companies and financial institutions collapsed during that period...

  13. Australia; Financial Sector Assessment Program: Technical Note: Investor Protection, Disclosure, and Financial Literacy

    OpenAIRE

    International Monetary Fund

    2006-01-01

    This study reviews selected issues on investor protection and corporate governance in Australia, and concludes that the corporate governance framework for Australian-listed companies is largely healthy and dynamic. Shareholder activism is an important element of corporate governance because it promotes compliance and implementation of disclosure and corporate governance obligations. The legislative and regulatory framework in Australia includes disclosure requirements that meet or exceed the ...

  14. Risk Management Disclosure In Malaysian Islamic Financial Institutions: Pre- And Post-Financial Crisis

    National Research Council Canada - National Science Library

    Rosnadzirah Ismail; Rashidah Abdul Rahman; Normah Ahmad

    2013-01-01

    .... Conventional financial institutions have widely practiced risk management within their organization, but it is still under-developed in Islamic financial institutions due to new emerging market...

  15. FINANCIAL REPORTING IN PUBLIC INSTITUTIONS AND NON-FINANCIAL ENTITIES. SIMILARITIES AND DIFFERENCES

    OpenAIRE

    Daniela Vitan

    2011-01-01

    The present paperwork contains issues regarding financial reporting at the public institutions and non – financial entities. The main aspects are regarding the obligation of all entities to present the financial statements, the content of financial statements in public institutions and non-financial entities. Also, is presented the similarities and the differences aspects between financial reporting of these two patrimonial entities.

  16. FINANCIAL REPORTING IN PUBLIC INSTITUTIONS AND NON-FINANCIAL ENTITIES. SIMILARITIES AND DIFFERENCES

    OpenAIRE

    Daniela Vitan

    2011-01-01

    The present paperwork contains issues regarding financial reporting at the public institutions and non – financial entities. The main aspects are regarding the obligation of all entities to present the financial statements, the content of financial statements in public institutions and non-financial entities. Also, is presented the similarities and the differences aspects between financial reporting of these two patrimonial entities.

  17. The Influence of Disclosure and Ethics Education on Perceptions of Financial Conflicts of Interest.

    Science.gov (United States)

    Sacco, Donald F; Bruton, Samuel V; Hajnal, Alen; Lustgraaf, Chris J N

    2015-08-01

    This study explored how disclosure of financial conflicts of interest (FCOI) influences naïve or "lay" individuals' perceptions of the ethicality of researcher conduct. On a between-subjects basis, participants read ten scenarios in which researchers disclosed or failed to disclose relevant financial conflicts of interest. Participants evaluated the extent to which each vignette represented a FCOI, its possible influence on researcher objectivity, and the ethics of the financial relationship. Participants were then asked if they had completed a college-level ethics course. Results indicated that FCOI disclosure significantly influenced participants' perceptions of the ethicality of the situation, but only marginally affected perceptions of researcher objectivity and had no significant influence on perceptions of the existence of FCOIs. Participants who had previously completed a college-level ethics course appeared more sensitive to the importance of FCOI disclosure than those who lacked such background. This result suggests that formal ethical training may help individuals become more critical consumers of scientific research.

  18. The limits of disclosure: what research subjects want to know about investigator financial interests.

    Science.gov (United States)

    Grady, Christine; Horstmann, Elizabeth; Sussman, Jeffrey S; Hull, Sara Chandros

    2006-01-01

    Research participants' views about investigator financial interests were explored. Reactions ranged from concern to acceptance, indifference, and even encouragement. Although most wanted such information, some said it did not matter, was private, or was burdensome, and other factors were more important to research decisions. Very few said it would affect their research decisions, and many assumed that institutions managed potential conflicts of interest. Although disclosure of investigator financial interest information to research participants is often recommended, its usefulness is limited, especially when participation is desired because of illness.

  19. The Financial Performance (Profitability and Corporate Governance Disclosure in the Annual Reports of Listed Companies of Bangladesh

    Directory of Open Access Journals (Sweden)

    Abdur Rouf

    2011-12-01

    Full Text Available This research aims to test empirically the relationship between the Financial Performances (Profitability and the level of Corporate Governance Disclosure (CGD by the listed non-financial companies in Bangladesh. Data are taken from annual reports of the listed companies in the 2007. This paper is based on a sample of 94 listed companies and Used OLS as a method of estimation. The extent of corporate governance disclosure level is measured using 40 items of information and financial performance (profitability is measured by return on assets (ROA. Using an unweighted approach for measuring corporate governance disclosure, this approach is most appropriate when no importance is given to any specific user-groups. After establishing the disclosure index, a scoring sheet was developed to assess the extent of corporate governance disclosures. The result shows that the Financial Performances (Profitability and Board Audit Committee are positively correlated with the level of Corporate Governance Disclosure (CGD. Percentage of Equity Owned by the Insiders is negatively associated with the Corporate Governance Disclosure. The study provides empirical evidence to policy makers and regulators in South Asia.

  20. Value Relevance vis-à-vis Disclosure on Business Combinations and Goodwill Recognized by Publicly Traded Brazilian Companies

    Directory of Open Access Journals (Sweden)

    Maíra Melo de Souza

    Full Text Available Abstract The objective of this study is to examine the value relevance of the level of disclosure on business combinations and goodwill recognized by publicly traded Brazilian companies. The research sample is composed of publicly traded Brazilian companies that carried out any type of business combination, as the acquiring entity, between 2010 and 2013, yielding a total sample of 202 observations. To measure the disclosure level of each, a metric was created based on CPC-15 R1 (2011 to examine certain disclosure items in order to render a greater level of detail. Data collection was carried out using the footnotes to the annual consolidated standardized financial statements (DFPs available from the São Paulo Stock Exchange (BM&FBOVESPA website. The results revealed that disclosure levels for business combinations are positively and significantly associated with the stock price of the companies analyzed. As to the recognition of goodwill during business combinations, despite the fact that it represents a significant share of the value of the transactions, no statistical significance explaining stock price behavior was found. It also bears mentioning that the average level of disclosure identified in the explanatory notes in the sample was very low, indicating that companies need to improve when it comes to transparency of information.

  1. A RESEARCH ON THE FINANCIAL DISCLOSURE CHOICES WITHIN LISTED COMPANIES

    OpenAIRE

    Calu, Daniela Artemisa; Dumitru, Madalina; Ileana Cosmina PITULICE; Avram, Viorel; Stefanescu, Aurelia; Andreea PONORÎCA

    2009-01-01

    Romanian listed companies must prepare and present their financial statements according to IAS/IFRS standards. These standards are characterized by a certain convergence trend demonstrated by the acceptance of a small number of choices for the same accounting issue. However, companies are able to choose among several accounting treatments. Our research aims to demonstrate that there are correlations between certain particularities of the group (e.g. industry type, reporting basis) an d the ac...

  2. 14 CFR 298.30 - Public disclosure of policy on consumer protection.

    Science.gov (United States)

    2010-01-01

    ... conspicuous public place at each desk, station and position in the United States that is in charge of a person... 14 Aeronautics and Space 4 2010-01-01 2010-01-01 false Public disclosure of policy on consumer... Limitations and Conditions on Exemptions and Operations § 298.30 Public disclosure of policy on...

  3. 30 CFR 280.70 - What data and information will be protected from public disclosure?

    Science.gov (United States)

    2010-07-01

    ... public disclosure? In making data and information available to the public, the RD will follow the... 30 Mineral Resources 2 2010-07-01 2010-07-01 false What data and information will be protected from public disclosure? 280.70 Section 280.70 Mineral Resources MINERALS MANAGEMENT SERVICE,...

  4. Disclosure of competing financial interests and role of sponsors in phase III cancer trials.

    Science.gov (United States)

    Tuech, Jean-Jacques; Moutel, Grégoire; Pessaux, Patrick; Thoma, Véronique; Schraub, Simon; Herve, Christian

    2005-10-01

    Financial relationships between industry, researchers and academic institutions are becoming increasingly complex, raising concern about sponsors' involvement in the conduct of biomedical research. A review of published randomised trials (RCTs) in cancer research was performed to assess adherence to the 1997 disclosure requirements and to document the nature of the disclosed interests. Source(s) of study support, author-sponsor relationships and the role of the study sponsor were assessed for all RCTs published between 1999 and 2003 in 12 international journals. A total of 655 cancer RCTs were identified. Of these, 516 (78.8%) disclosed the source of sponsorship. The nature of the relationship between the authors and the study sponsor was included in 219 of the 227 industry-sponsored studies. The most commonly cited relationships were (131 studies had multiple relations): grants (93.6%); employment (39.2%); consultant/honorarium (12.7%) and stock ownership and participation in a speaker's bureau (12, 5.5% each). Only 41 (18%) of the 227 industry-sponsored RCTs reported the role of the sponsor. Of these, 20 explicitly stated that the sponsor had no role in the study. Twenty-one papers described the sponsor's role, the degree of sponsor involvement was variable and usually described vaguely. Among these papers, four stated that researchers had full access to all data, one that the researchers had no limits on publication and one that 'the decision to submit the paper for publication was determined by the study sponsor'. In conclusion, no researcher should be expected to produce 'findings' without full access to the data, freedom from interference in analysis and interpretation and liberty to publish all results, however disappointing to the stakeholder they may be. In the meantime, researchers do well to arm themselves with the rules for research partnerships and editors to take on the role of watchdog.

  5.  Transparency and quality of financial disclosures. The case of Romanian listed companies*

    Directory of Open Access Journals (Sweden)

    Nadia Albu

    2014-09-01

    Full Text Available  This paper addresses the transparency and the quality of financial disclosures of listed entities in the case of an emerging economy (i.e. Romania, in order to shed some light on the particular local context of the country and its impact on accounting practices. We analyze the entire population of non-financial entities listed in the first tier of the Bucharest Stock Exchange for the 2012 financial year. We are limited in our research by the size of the sample, which depends, however, on the small size of the Romanian stock market. In order to compensate for the small size of the sample, we assess 50 items related to disclosure, synthesized in two scores, i.e. transparency and quality. Also, we identify some factors associated with disclosure by investigating the correlation with several firm-related factors. Our results reveal a medium level of transparency and quality of Romanian listed companies, with significant variations between firms and between the sub-scores. The most important factors correlated with disclosure are company size and the presence of institutional investors. The results confirm to some extent most of the basic assumptions of the agency theory and also prove the importance of a new variable for emerging econo-mies, specifically the presence of institutional investors *This work was cofinanced from the European Social Fund through Sectoral Operational Programme Human Resources Development 2007-2013, project number POSDRU/159/1.5/S./134197 a Performance and excellence in doctoral and postdoctoral research in Romanian economics science domaina.

  6. Inconsistencies Between Physician-Reported Disclosures at the AAOS Annual Meeting and Industry-Reported Financial Disclosures in the Open Payments Database.

    Science.gov (United States)

    Hannon, Charles P; Chalmers, Peter N; Carpiniello, Matthew F; Cvetanovich, Gregory L; Cole, Brian J; Bach, Bernard R

    2016-10-19

    The purpose of this study was to determine the rate and type of inconsistencies between disclosures self-reported by physicians at a major academic meeting in the United States and industry-reported disclosures in the Open Payments database for a concordant time period. Disclosures for every first and last author from the United States with a medical degree of a podium or poster presentation at the 2014 American Academy of Orthopaedic Surgeons (AAOS) Annual Meeting were collected and were compared with the disclosures reported in the Open Payments database to determine if any inconsistencies were present and, if so, within which category. In total, 1,925 total AAOS presenters were identified, and 1,113 met the inclusion criteria. Based on AAOS disclosures, 432 (39%) should have been listed within the Open Payments database. There were 125 presenters (11%) who reported an AAOS disclosure and thus should have been included in the Open Payments database, but were not included. An additional 259 presenters (23%) had ≥1 AAOS disclosures that were not reported or were improperly categorized in the Open Payments database. Inconsistencies were more common for authors who had significantly more poster presentations (p database (p financial relationships for presenters at the AAOS Annual Meeting and industry-reported relationships published in the Open Payments database. Copyright © 2016 by The Journal of Bone and Joint Surgery, Incorporated.

  7. Violation regulation of financial services authority (FSA), financial performance, and corporate social responsibility disclosure

    National Research Council Canada - National Science Library

    Shahib, Habib Muhammad; Irwandi, Soni Agus

    2016-01-01

    .... However, policy violations are still frequent. For example, cases of violation of financial regulations leading to fraudulent financial reporting occurred in several companies listed on the Indonesia Stock Exchange...

  8. The Effects of Public Disclosure of Industry Payments to Physicians on Patient Trust: A Randomized Experiment.

    Science.gov (United States)

    Hwong, Alison R; Sah, Sunita; Lehmann, Lisa Soleymani

    2017-07-17

    Financial ties between physicians and the pharmaceutical and medical device industry are common, but little is known about how patient trust is affected by these ties. The purpose of this study was to evaluate how viewing online public disclosure of industry payments affects patients' trust ratings for physicians, the medical profession, and the pharmaceutical and medical device industry. This was a randomized experimental evaluation. There were 278 English-speaking participants over age 18 who had seen a healthcare provider in the previous 12 months who took part in the study. Participants searched for physicians on an online disclosure database, viewed payments from industry to the physicians, and assigned trust ratings. Participants were randomized to view physicians who received no payment ($0), low payment ($250-300), or high payment (>$13,000) from industry, or to a control arm in which they did not view the disclosure website. They also were asked to search for and then rate trust in their own physician. Primary outcomes were trust in individual physician, medical profession, and industry. These scales measure trust as a composite of honesty, fidelity, competence, and global trust. Compared to physicians who received no payments, physicians who received payments over $13,000 received lower ratings for honesty [mean (SD): 3.36 (0.86) vs. 2.75 (0.95), p < 0.001] and fidelity [3.19 (0.65) vs. 2.89 (0.68), p = 0.01]. Among the 7.9% of participants who found their own physician on the website, ratings for honesty and fidelity decreased as the industry payment to the physician increased (honesty: Spearman's ρ = -0.52, p = 0.02; fidelity: Spearman's ρ = -0.55, p = 0.01). Viewing the disclosure website did not affect trust ratings for the medical profession or industry. Disclosure of industry payments to physicians affected perceptions of individual physician honesty and fidelity, but not perceptions of competence. Disclosure did not affect trust

  9. Accounting Standardization and Financial Reporting in Public Sector in Albania- Future Challenges

    Directory of Open Access Journals (Sweden)

    Ariana Konomi

    2014-10-01

    Full Text Available The need for improving and strengthening all the links of financial reporting chain not only in private sector but also in public sector, directly contributes to overcome the 2010-2012 global crisis and helps to transform the ongoing period into a global economic growth period. The governments should implement the necessary institutional measures for public sector growth, financial management transparency and accountability.An integral and fondamental element of these agreements is the usage of accruals (according accounting by approving and implementing International Public Sector Accounting Standards (IPSAS, which enable the full disclosure of all the assets, liabilities and conditional liabilities, as a basic issue for real assessment and financial management of public sector, extended monitoring of government debt and liabilities, for their real economic implications. The implementation of accounting standards in public sector of Albania, besides the unification of accounting and financial statements preparation, intends to influence right, qualitative and long term decision-making, at all government levels; to increase the effectiveness and efficiency of financial resources; formalize the economy and better fight the phenomena of corruption, fraud, money laundering or fundsabuse; improve the level of fiscal transparency to public and integrate or face the global economy.As the main challenge of this sector and also as a process that needs time, financial reporting, requires a continuous reformation of policies, institutions, structures and professionalsKey words: Accounting standartization, financial management/reporting, public sector.

  10. 10 CFR 9.17 - Agency records exempt from public disclosure.

    Science.gov (United States)

    2010-01-01

    ... 10 Energy 1 2010-01-01 2010-01-01 false Agency records exempt from public disclosure. 9.17 Section 9.17 Energy NUCLEAR REGULATORY COMMISSION PUBLIC RECORDS Freedom of Information Act Regulations § 9... investigations or prosecutions, if the disclosure could reasonably be expected to risk circumvention of the law...

  11. 30 CFR 282.5 - Disclosure of data and information to the public.

    Science.gov (United States)

    2010-07-01

    ... § 282.5 Disclosure of data and information to the public. (a) The Director shall make data, information... 30 Mineral Resources 2 2010-07-01 2010-07-01 false Disclosure of data and information to the public. 282.5 Section 282.5 Mineral Resources MINERALS MANAGEMENT SERVICE, DEPARTMENT OF THE...

  12. Public Financial Management in Indonesia: Review of Islamic Public Finance

    OpenAIRE

    Jaelani, Aan

    2017-01-01

    Public financial management by the government is very important in view of the level of welfare in Indonesia is still low, as there are still much poverty with the level of fulfillment of the needs of low, corruption that occurs in every area of government, income distribution is uneven, low economic growth, and various irregularities other budget. With a qualitative approach that emphasises the phenomenon of the social reality and the country's financial management practices in Indonesia, th...

  13. BUDGETARY CLASSIFICATIONS’ ROLE IN PUBLIC FINANCIAL MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Gyorgy Adina Cristina

    2010-07-01

    Full Text Available Budgetary classifications are a vital condition for a sound budgetary management. To be a good and useful classification, some rules should be respected. The international experience could offer us guiding lines which contribute to this purpose. In our paper we tried to present some basic elements of a budgetary classification, stressing on their utility in practice: financial management, reporting, on various criteria, and electronic processing. In last part is presented a functional example of such a classification which proved its utility in Romanian public financial sector.

  14. MANAGEMENT EARNINGS FORECAST DISCLOSURE: A STUDY ON THE RELATIONSHIP BETWEEN EBITDA FORECAST AND FINANCIAL PERFORMANCE

    Directory of Open Access Journals (Sweden)

    André Folster

    2015-12-01

    Full Text Available The creation of overly optimistic information can compromise the decision-making process on part of shareholders and other stakeholders. Considering that this type of information can create problems and additional costs stemming from erroneous choices made by users, the present work sought to identify financial indicators associated with the disclosure of Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA estimates in Management Earnings Forecasts (Guidance reporting. The sample examined was composed of 42 companies and analyses were carried out using logistic and multiple linear regression techniques. The results showed that larger (as per total assets and more-leveraged companies show a higher level of disclosure. Companies with higher return on equity (ROE and Current Liquidity ratios, as well as lower Net Margins, present less precise earnings forecast. The companies providing more timely forecasts are also the ones that show higher ROE and Current Liquidity ratios, as well as lower Net Margins. These results indicate that users must take caution when basing decisions on such information, given that the possibility exists that companies bearing these characteristics are more likely to better-timed albeit less-accurate disclosure.

  15. Social Performance vs. Financial Performance: CSR Disclosures as an indicator of social performance

    Directory of Open Access Journals (Sweden)

    İlker Yılmaz

    2013-04-01

    Full Text Available In recent decades, it is gaining more and more dominance in both academic and business life that the company exists for and has responsibilities toward a wider group of stakeholders and it must have some objectives other than profitability. To achieve sustainable development and growth, the companies must assume more duties, which is called the term “corporate social responsibility (CSR.” In the literature, it is questioned whether CSR activities benefit the company or not; whether there is any relationship exists between CSR activities and the company’s financial performance and the direction of the relationship. We aimed to explore that whether there is any effect corporate social performance (CSP on financial performance and position and vice versa. We performed content analysis through annual reports and derived a social score composed of the items included in disclosure guidelines and some criteria used in CSR ratings. We also used several financial position and financial performance indicators. In order to explore the relationship between CSP and financial indicators, we run panel data regressions. We found significant results for some of the indicators, where some of the indicators gave insignificant results. The reporting of CSR activities is in very low levels. The conscious toward CSR and sustainability must be promoted and the companies must assume more active roles. The reporting of those activities is also important.

  16. 5 CFR 2634.205 - Special waiver of public reporting requirements.

    Science.gov (United States)

    2010-01-01

    ... EXECUTIVE BRANCH FINANCIAL DISCLOSURE, QUALIFIED TRUSTS, AND CERTIFICATES OF DIVESTITURE Persons Required To File Public Financial Disclosure Reports § 2634.205 Special waiver of public reporting requirements. (a... interest; and (4) Public financial disclosure by the individual is not necessary under the...

  17. Financial statistics of major publicly owned electric utilities, 1991

    Energy Technology Data Exchange (ETDEWEB)

    1993-03-31

    The Financial Statistics of Major Publicly Owned Electric Utilities publication presents summary and detailed financial accounting data on the publicly owned electric utilities. The objective of the publication is to provide Federal and State governments, industry, and the general public with data that can be used for policymaking and decisionmaking purposes relating to publicly owned electric utility issues.

  18. Consequences of failure to manage public sector financial records ...

    African Journals Online (AJOL)

    ... and Southern Africa Regional Branch of the International Council on Archives ... The focus of this article is the management of public sector financial records. ... the records generated by the public financial management system provide the ...

  19. Financial statistics of major US publicly owned electric utilities 1993

    Energy Technology Data Exchange (ETDEWEB)

    1995-02-01

    The 1993 edition of the Financial Statistics of Major U.S. Publicly Owned Electric Utilities publication presents five years (1989 to 1993) of summary financial data and current year detailed financial data on the major publicly owned electric utilities. The objective of the publication is to provide Federal and State governments, industry, and the general public with current and historical data that can be used for policymaking and decision making purposes related to publicly owned electric utility issues. Generator and nongenerator summaries are presented in this publication. The primary source of publicly owned financial data is the Form EIA-412, the Annual Report of Public Electric Utilities, filed on a fiscal basis.

  20. Quantifying the variability of financial disclosure information reported by authors presenting research at multiple sports medicine conferences.

    Science.gov (United States)

    Jegede, Kolawole A; Ju, Brian; Miller, Christopher P; Whang, Peter; Grauer, Jonathan N

    2011-11-01

    In the study reported here, we compared self-reported industry relationships of authors who attended 3 major orthopedic sports medicine conferences during a single calendar year. Our goal was to calculate the variability between disclosure information over time. A significant percentage of authors who attended these meetings were inconsistent in submitting their disclosure information. In addition, most authors with irregularities had more than 1 discrepancy. We believe that the vast majority of the observed discrepancies did not result from intentional deception on the part of the authors but instead from ongoing confusion regarding which industry relationships should be acknowledged for particular meetings (some specialty societies require that all relationships be divulged, whereas others require only those affiliations directly applicable to research being presented). In the absence of a uniform disclosure policy that is widely adopted by many specialty societies, these findings suggest that the disclosure process will continue to be plagued by inconsistent reporting of financial conflicts of interest.

  1. Discrepancy between financial disclosures of authors of clinical practice guidelines and reports by industry.

    Science.gov (United States)

    Andreatos, Nikolaos; Zacharioudakis, Ioannis M; Zervou, Fainareti N; Muhammed, Maged; Mylonakis, Eleftherios

    2017-01-01

    There is a substantial effort to increase the accuracy of conflicts of interest (COI) reporting, and reduce the influence of COI between physicians and industry, especially as it relates to clinical practice guidelines.We used the newly implemented Open Payments dataset to evaluate the accuracy of COI disclosures of authors of clinical practice guidelines that were either newly published or revised within 2014 and were included in the National Guideline Clearinghouse (NGC) website (maintained by the U.S. Department of Health and Human Services). Authors were considered as having inaccurate COI disclosure if they had not reported all companies from which they had received funds >$5000 in the 12 months preceding the guideline's publication.We identified 223 guidelines that were either newly published (109/223; 48.9%) or revised (114/223; 51.1%) within 2014 and were included in the NGC website. Among the 1329 guideline authors with available Open Payments data, 523 received >$5000 from at least 1 healthcare-associated entity. However, only 56 out of the 523 authors (10.7%) were found to have accurate COI disclosure. The percentage of authors with accurate COI disclosure in revised guidelines was significantly lower than in newly published guidelines (6.8% vs 14.3%; P disclose "research payments" (37/49, 75.5%) compared to "general payments" (488/559, 87.3%, P = 0.02) as well as "other/associated research funding" (430/506, 85.0%, P = 0.08). No statistically significant association was detected between funding amount and disclosure accuracy.The majority of guideline authors lacked significant COIs, but among authors that received significant funds from at least 1 healthcare-associated entity the frequency of accurate disclosure was low. These findings indicate that the current process of disclosing COIs may be suboptimal and a proactive approach should be adopted in order to minimize COI reporting discrepancies. Furthermore, every effort should be undertaken

  2. The Effect of Financial Performance and Environmental Performance on Firm Value with Islamic Social Reporting (ISR Disclosure as Intervening Variable in Companies Listed at Jakarta Islamic Index (JII

    Directory of Open Access Journals (Sweden)

    Ratri Rahma Frida

    2017-01-01

    Full Text Available This study examined how far ISR disclosure as the intervening variable could mediate the effect of financial performance and environmental performance on the firm value. The subjects of this study were the companies listed in Jakarta Islamic Index (JII in 2012-2014. The samples of the study were sixty companies chosen by purposive sampling method, and the analytical technic used path analysis. The results of this study proved that: (1 financial performance had positive effect to the firm value, (2 environmental performance had no effect to the firm value, (3 financial performance had positive effect to the ISR disclosure, (4 environmental performance had positive effect to the ISR disclosure, (5 ISR disclosure had positive effect to the firm value, (6 ISR disclosure could mediate the effect of financial and environmental performances on the firm value.

  3. The Information Content of Note Disclosures and MD&A Information in the Financial Report – A Study of Market Reactions in Denmark

    DEFF Research Database (Denmark)

    Thinggaard, Frank; Sønderby Jeppesen, Carsten; Madsen, Kasper

    2015-01-01

    The preparation of disclosures in the financial report constitutes a significant cost to most companies, but do the disclosures have information content to investors? This paper examines stock market reactions to the release of note disclosures and MD&A (management discussion and analysis......) information. The study is based on data from the Danish capital market in 2006-2009 because here it is largely possible to isolate the release of such information from other information in the financial report. The primary results suggest that for some companies, note disclosures and information in the MD...

  4. Tax compliance and the public disclosure of tax information: An Australia/Norway comparison

    National Research Council Canada - National Science Library

    Ken Devos; Marcus Zackrisson

    2015-01-01

    .... This paper presents and analyses the strategies adopted by tax authorities globally and specifically in Australia and Norway, regarding the public disclosure of tax information and the likely compliance impact...

  5. DISCLOSURE OF DERIVATIVE FINANCIAL STATEMENTS OF THE BRAZILIAN COMPANIES IN THE HEALTH MARKET

    OpenAIRE

    Bianchi, Márcia; Lemmertz, Caroline; Raimundini, Simone Leticia; Vendruscolo, Maria Ivanice

    2014-01-01

    Derivative minimize the risks of companies operating with foreign currencies and future sales. The use of these financial instruments is increasing through many Brazilian companies that don´t evidence for the lack of effective regulation. The publicly traded companies must show in the notes the risks involved in the operations, the market value and the criteria and assumptions to determine this value of financial instruments and the policies of operation and control of operations. Therefore, ...

  6. The consequences of incomplete disclosure

    Energy Technology Data Exchange (ETDEWEB)

    Macfarlane, J.H. [Osler Hoskin and Harcourt, Calgary, AB (Canada)

    1998-12-01

    The disclosure requirements imposed on Canadian public companies are discussed. The basis of the capital market system in Canada is the integrity of full and true disclosure of all material facts in a prospectus and continuous disclosure of material changes and information, including financial results. Securities regulators have the right to report to the appropriate law enforcement agencies any company director who intentionally files misleading financial statements or press releases. The fundamental policy of Canadian stock exchanges is that all persons investing in securities listed on an exchange have equal access to information that may affect their investment decisions. Canadian stock exchanges have developed by-laws, rules and regulations relating to listed companies disclosure obligations, breach of which may lead to suspension of trading, delisting of the securities of the offending issuer, and substantial fines. Details of civil and criminal liability, current and proposed, for incomplete or inaccurate disclosure under Canadian securities legislation are explained. 59 refs.

  7. DISCLOSURES ON CONTROL OVER FINANCIAL REPORTING: THE REPORTING PRACTICE OF BANKS LISTED ON THE WARSAW STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Jacek Gad

    2015-08-01

    Full Text Available The purpose of this paper is to identify the effects of the implementation of selected regulations on corporate governance in the reporting practice of banks listed on the Warsaw Stock Exchange. The survey examined the disclosures concerning the main features of the internal control and risk management systems in relation to financial reporting in banks. Research studies on disclosures related to control over financial reporting have not yet been conducted. The paper uses a research method involving the analysis of annual reports disclosed by banks. The method of induction was used in the process of inference. The results of the study indicate that in the practice of reporting of banks listed on the Warsaw Stock Exchange in 2011, there was no uniform reporting form in terms of the presentation of information on internal control or risk management systems in relation to financial reporting. The disclosures were different both in terms of level of detail and content. In some banks disclosures were drawn at a high level of generality.

  8. ACCOUNTING PRACTICES FROM FINANCIAL INSTRUMENTS DISCLOSURE PERSPECTIVE – THE CASE OF ROMANIAN BANKING SYSTEM

    Directory of Open Access Journals (Sweden)

    Stefanescu Cristina Alexandrina

    2012-12-01

    Full Text Available International harmonization and convergence of accounting had gradually become one of the most challenging topic of worldwide research and a very hot debated issue in practitioners’ sphere, too. Several studies have addressed both formal and material accounting harmonization along time, a wide range of instruments have been developed and various statistical tools have been used in this respect. Basing on this background, we focused our attention on Romanian banking system which is now experiencing a great challenge by finally entirely adopting IFRS after the first step from 2005 when consolidated financial statements in accordance with IFRS were required and the second one from 2009 when informative individual financial statements under IFRS begun compulsory. Therefore, the objective of our paper is to empirically measure and compare the levels and progress of material accounting harmonization in Romanian banking sector focusing on financial instruments and their related disclosure requirements. First studies conducted in the measurement of harmonization practices (Nair and Frank, 1981; McKinnon and Janell, 1984; Doupnik and Taylor, 1985 started at the beginning of the 80’s, but were merely descriptive, focused on examining how IAS had been adopted in various countries around the world. In the earliest 90’s, there were developed the first instruments for measuring material harmonization, namely the concentration indices (H, C and I Index (Van der Tas, 1988; 1992 and various other forms of these (Archer et al., 1995, which were widely used in various research studies (Herrmann and Thomas, 1995; Aisbitt, 2001; Taplin, 2004. Basing on these measurement tools and cconsidering the main aim of our study – to measure material accounting harmonization in Romanian banking sector – we stated four hypotheses, thus trying to answer our questions: “Are the accounting practices related to financial instruments

  9. Problems in Universities' Financial Information Disclosure and Countermeasures%高校财务信息公开所面临的问题及对策

    Institute of Scientific and Technical Information of China (English)

    李云; 兰莹

    2012-01-01

    Financial information disclosure in universities is an important component in universities' information disclosure.In this article,the necessity and some problems in universities' financial information disclosure are analyzed.Taking the actual financial situation in universities into consideration,it puts forward some suggestions which aim to improve financial information disclosure.%高校财务公开是高等学校信息公开的重要组成部分,在信息公开中处于重要地位。分析了高校财务信息公开的必要性,存在的问题,以及提出结合各自高校实际,推进财务信息公开的建议。

  10. Direct and enhanced disclosure of researcher financial conflicts of interest: the role of trust.

    Science.gov (United States)

    Spece, Roy G

    2013-01-01

    In earlier writing, I recommended direct disclosure of major researcher financial conflicts of interest in per capita funding arrangements--the practice of providing researchers with a fixed sum for each subject recruited and enrolled in a study. This Article adds a recommendation for enhanced direct disclosure. The enhancement in the disclosure is a summary of why per capita and excess payments are being discussed and further includes whether the sponsors of the research and the researchers have claimed that there are no excess payments. The reason per capita payments are being discussed is because of the risk--with special caution when sponsors and researchers are not willing to claim that there are no excess payments--of introducing bias into researchers' decisions regarding study design, implementation, and interpretation, as well as concerning whom to enroll or keep in studies. Researchers' claims that there are no excess payments do not vitiate the risk of such payments. Nevertheless, a special admonition when sponsors and researchers do not claim the absence of excess payments would hopefully encourage them to eschew excess payments. My recommendations are required by the rights to bodily integrity and autonomy embedded in informed consent. Several arguments have been made against my recommendations, many of which relate to supposed effects on trust. My rights-based recommendations should not be rejected because of objections based on propositions that (1) are conceptually unclear because of a failure to unbundle different kinds and degrees of trust and (2) have not been empirically proven even where concepts are clarified. In some instances, the required strong empirical confirmation cannot be made because of practical or ethical restraints, including the fact that some of the necessary studies would require invasion of the right to informed consent. Finally, I suggest and partially apply an organizational method to generate empirical questions and guidance

  11. Attitudes of Research Participants and the General Public Regarding Disclosure of Alzheimer Disease Research Results

    Science.gov (United States)

    Gooblar, Jonathan; Roe, Catherine M.; Selsor, Natalie J.; Gabel, Matthew J.; Morris, John C.

    2015-01-01

    IMPORTANCE Results of Alzheimer disease (AD) research assessments typically are not disclosed to participants. Recent research has suggested interest in disclosure, but, to our knowledge, few studies have accounted for awareness of potential benefits and limitations of disclosure. OBJECTIVE To determine the attitudes of cognitively normal research participants and members of the general public regarding disclosure of AD research results. DESIGN, SETTING, AND PARTICIPANTS Participants in a longitudinal aging study (Alzheimer Disease Research Center [ADRC]) were given preintervention and postintervention surveys about disclosure attitudes. In a general public sample (The American Panel Survey), participants responded to a similar survey about disclosure attitudes. INTERVENTIONS Participants in the ADRC sample were randomly assigned to a group (n = 119) that read an education intervention about the usefulness of AD biomarkers or to a placebo group (n = 100) that read as its intervention general information about the ADRC. Participants in the general public sample read a brief vignette describing participation in a longitudinal AD study. MAIN OUTCOME AND MEASURE Interest in disclosure of AD research results. RESULTS Cognitively normal ADRC participants (n = 219) were 60.7% (n = 133) female, 83.6% (n = 183) of white race, and reported a mean of 15.91 years of education. Twenty-nine individuals refused participation. The American Panel Survey participants (n = 1418) indicated they did not have AD and were 50.5% (n = 716) female, 76.7% (n = 1087) of white race, and reported a mean of 13.85 years of education. Overall, 77.6% of eligible participants (1583 of 2041) completed the survey in July 2014. Interest in disclosure was high among the ADRC participants (55.1% [119 of 216] were “extremely interested”). Viewing the education intervention predicted lower interest in disclosure (odds ratio, 2.01; 95% CI, 1.15–3.53; P = .02). High subjective risk of AD, a family

  12. 21 CFR 316.52 - Availability for public disclosure of data and information in requests and applications.

    Science.gov (United States)

    2010-04-01

    ... 21 Food and Drugs 5 2010-04-01 2010-04-01 false Availability for public disclosure of data and... Information § 316.52 Availability for public disclosure of data and information in requests and applications... action on a request for designation, FDA will determine the public availability of data and...

  13. Corporate Governance Disclosure in Malaysia

    OpenAIRE

    ONG, Wei Jiin

    2006-01-01

    This research provides evidence on corporate governance disclosure in Malaysia based on a sample of 25 Malaysian public listed companies on the Kuala Lumpur Composite Index (KLCI) in the year 1998 and 2005 that are listed on the Bursa Malaysia. The purpose of this dissertation is to examine whether after the launch of the Malaysian Code on Corporate Governance (HLFC, 2000) following the 1997/98 financial crisis, corporate governance in Malaysia has improved in terms of disclosure information ...

  14. Study on the Application of the Accounting Regulations by the Economic Agents from Romania – Issues Concerning the Disclosure of Additional Information in the Explanatory Notes to the Financial Statements

    OpenAIRE

    Rotila Aristita; Enachi Mihaela

    2010-01-01

    Through our study we wanted to find out to what extent the economic agents comply with some of the requirements for the disclosure of information in the individual annual financial statements, formulated in the Accounting Regulations in Compliance with Fourth Directive of the EEC (approved by the Order of the Public Finances Minister no. 1752/2005 with subsequent amendments), to bring some clarification and to make proposals for improvement in the current accounting regulations, in order to h...

  15. Harnessing the heightened public awareness of celebrity HIV disclosures: "Magic" and "Cookie" Johnson and HIV testing.

    Science.gov (United States)

    Tesoriero, J M; Sorin, M D; Burrows, K A; LaChance-McCullough, M L

    1995-06-01

    This article investigates the impact NBA basketball star Earvin ("Magic") Johnson's HIV disclosure had on changes in demand for HIV counseling and testing services in New York State's 61 Anonymous HIV Counseling and Testing sites. Interrupted time-series analyses were conducted on weekly data from over 34,000 clients seeking anonymous HIV counseling and testing services from January 1991 to June 1992, to determine whether demand for these services changed as a result of the disclosure. Results indicated that immediately following the HIV disclosure, there was a substantial increase in service demand, which transcended all sex, race, age, and most HIV risk-related boundaries. Seven months later, demand had not returned to pre-disclosure levels. The strong impact on females, coupled with additional data analyses in obstetrical settings, suggests that previous research has been too narrow in focus, and that the effect of Johnson's HIV disclosure has been enhanced, in part, by the publicity surrounding his wife and baby. The importance of harnessing the heightened public awareness of celebrity HIV disclosures is discussed.

  16. 14 CFR Section 19-6 - Public disclosure of traffic data.

    Science.gov (United States)

    2010-01-01

    ... AIR CARRIERS Operating Statistics Classifications Section 19-6 Public disclosure of traffic data. (a.... point shall not be made publicly available for three years. Industry and carrier summary data may be... international summary statistics without carrier detail. Further, the Department may release nonstop segment...

  17. Supplemental standards of ethical conduct and financial disclosure requirements for employees of the Department of Health and Human Services. Interim final rule with request for comments.

    Science.gov (United States)

    2005-02-03

    The Department of Health and Human Services, with the concurrence of the Office of Government Ethics (OGE), is amending the HHS regulation that supplements the OGE Standards of Ethical Conduct. This interim final rule specifies additional procedural and substantive requirements that are necessary to address ethical issues at the National Institutes of Health (NIH) and updates nomenclature, definitions, and procedures applicable to other components of the Department. The rule: Revises the definition of a significantly regulated organization for the Food and Drug Administration (FDA); Updates the organization titles of designated separate agencies; Amends the gift exception for native artwork and craft items received from Indian tribes or Alaska Native organizations; Aligns the FDA prohibited holdings limit with the de minimis holdings exemption in OGE regulations; Revises prior approval procedures for outside activities; and, subject to certain exceptions: Prohibits NIH employees from engaging in certain outside activities with supported research institutions, health care providers or insurers, health-related trade or professional associations, and biotechnology, pharmaceutical, medical device, and other companies substantially affected by the programs, policies, or operations of the NIH; Bars NIH employees who file a public or confidential financial disclosure report from holding financial interests in substantially affected organizations; Subjects NIH non-filer employees to a monetary cap on holdings in such organizations; Specifies for NIH employees prior approval procedures for and limitations on the receipt of certain awards from outside sources; and Imposes a one-year disqualification period during which NIH employees are precluded from official actions involving an award donor. In addition, the Department is adding a new supplemental part to expand financial disclosure reporting requirements for certain outside activities and to ensure that prohibited

  18. THE USE OF VOLUNTARY DISCLOSURE IN DETERMINING THE QUALITY OF FINANCIAL STATEMENTS: EVIDENCE FROM THE NIGERIA LISTED COMPANIES

    Directory of Open Access Journals (Sweden)

    Oyerogba Ezekiel Oluwagbemiga

    2014-10-01

    Full Text Available The purpose of this study was to establish the use of voluntary disclosure in determining the quality of financial statements among the listed companies in Nigeria. Specifically the study investigated on the effects of voluntary disclosure on investor decision and performance of listed companies in Nigeria. This study adopted anexploratory design which is described as a method of collecting information by interviewing or administering a questionnaire to a sample of individuals. The instrument of data collection for this research was a questionnaire as the study used primary data. The study targeted all the 258 listed companies in Nigeria. The study population used in this research comprised of preparers (accountants, external auditors and users of accounting information (financial analysts, stockbrokers, bankers, regulators and educators. The sample of this study was 140 whereby twenty questionnaires were distributed in every category of the respondents.Descriptive statistics such as mode, median, mean, standard deviation, etc were used to perform data analysis. These measures were calculated using Statistical Package for the Social Sciences (SPSS 20 software. SPSS tool (Statistical Package for the Social Sciences was used to organize and analyze data. The study findings indicated that there was increased performance and investor decision making was easy to makedue to voluntary disclosure. The results indicate that voluntary disclosurewas satisfactory in explaining investor decision making and performance of listed companies. It was possible to conclude from the study findings that voluntary disclosure was statistically significant in explaining investor’s decision and performance of listed companies in Nigeria. It was also possible to conclude that there was high level of voluntary disclosure in Nigeria listed firms which led to high performance of the firms and made it easy for investors to make decision whether to invest in the companies or

  19. Financial statistics of major US publicly owned electric utilities 1994

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1995-12-15

    This publication presents 5 years (1990--94) of summary financial data and current year detailed financial data on the major publicly owned electric utilities. Generator and nongenerator summaries are presented. Composite tables present: Aggregates of income statement and balance sheet data, financial indicators, electric operation and maintenance expenses, electric utility plant, number of consumers, sales of electricity, and operating revenue, and electric energy account data.

  20. Financial institutions as an example of institutions of public trust

    OpenAIRE

    Agata Jakubowska

    2013-01-01

    Financial institutions are commonly known as institutions of public trust and they are fundamental for activities of other economic entities. The level of trust determines the competitive position of financial institutions. That is why care about the best standards is the most important task for these institutions. Financial institutions are called institutions of public trust and thus high professionalism and more responsibility is demanded from them. This article presents basic problems con...

  1. Practical and ethical considerations for using social media in community consultation and public disclosure activities.

    Science.gov (United States)

    Galbraith, Kyle L

    2014-10-01

    Social media are becoming increasingly integrated into both the clinical and the research dimensions of emergency medicine. They can provide methods for sharing crucial information to targeted individuals or groups in a rapid fashion. As a result, investigators conducting emergency research under the exception from prospective informed consent requirements are beginning to turn to social media platforms as they engage in required community consultation and public disclosure activities before their research begins. At present, there are limited data regarding how effectively social media have been used for performing those consultation and disclosure activities. This article offers investigators four specific areas to consider before using social media in consultation and outreach efforts. First, understand the forms of outreach social media platforms can provide. Second, recognize how those outreach methods relate to the specific goals of community consultation and public disclosure. Third, consider whether or not the intended audiences of community consultation and public disclosure will be available via social media. Finally, think about how social media outreach efforts will be measured and assessed before consultation and disclosure activities are under way.

  2. Comparative Study on Presentation of Statement of Financial Position in the Public Sector

    Directory of Open Access Journals (Sweden)

    Carmen Crețu

    2011-06-01

    Full Text Available Although it is more than a decade since the elaboration of the first public accountingstandards, countries are still reluctant to adopt them, preferring rather an adaptation of nationallegislation with the provisions IPSASs. Concerns about the necessity and usefulness of the applicationof International Public Sector Accounting Standards are due to economic influences, cultural, social,which made their mark on philosophy, doctrine and national accounting policies. Although financialstatements may appear similar from country to country, there are differences that can be caused by avariety of social, economic and legal factors, and that some countries when setting the nationalrequirements have considered the needs of different users of financial statements. These factors haveled to the use of different definitions of the structures of financial statements, such as assets,liabilities, equity, revenues and expenses. Scope and disclosures in the financial statements were alsoaffected. Therefore, this paper intends to emphasize similarities, but especially the differencesbetween the two frames of reference - national norms to international standards - regarding Statementof financial position on a public institution.

  3. The design of PoliDocs: a web information system for the disclosure of Dutch parliamentary publications

    NARCIS (Netherlands)

    Gielissen, T.; Marx, M.

    2009-01-01

    The development of PoliDocs.nl, a Web Information System for the disclosure of Dutch parliamentary publications, is an effort to improve the disclosure of parliamentary publications in The Netherlands. The data is distributed over three sources and is available through different Web Information Syst

  4. 38 CFR 1.486 - Disclosure of information related to infection with the human immunodeficiency virus to public...

    Science.gov (United States)

    2010-07-01

    ... related to infection with the human immunodeficiency virus to public health authorities. 1.486 Section 1... Disclosures Without Patient Consent § 1.486 Disclosure of information related to infection with the human immunodeficiency virus to public health authorities. (a) In the case of any record which is maintained...

  5. The design of PoliDocs: a web information system for the disclosure of Dutch parliamentary publications

    NARCIS (Netherlands)

    Gielissen, T.; Marx, M.

    2009-01-01

    The development of PoliDocs.nl, a Web Information System for the disclosure of Dutch parliamentary publications, is an effort to improve the disclosure of parliamentary publications in The Netherlands. The data is distributed over three sources and is available through different Web Information

  6. 21 CFR 314.430 - Availability for public disclosure of data and information in an application or abbreviated...

    Science.gov (United States)

    2010-04-01

    ... 21 Food and Drugs 5 2010-04-01 2010-04-01 false Availability for public disclosure of data and... APPROVAL TO MARKET A NEW DRUG Miscellaneous Provisions § 314.430 Availability for public disclosure of data... acknowledged, no data or information in the application or abbreviated application is available for...

  7. 12 CFR 1710.17 - Certification of disclosures by chief executive officer and chief financial officer.

    Science.gov (United States)

    2010-01-01

    ... ENTERPRISE OVERSIGHT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SAFETY AND SOUNDNESS CORPORATE GOVERNANCE Corporate Practices and Procedures § 1710.17 Certification of disclosures by chief executive officer...

  8. Transparency and the Duty of Full Disclosure in Public and Environmental Health

    Directory of Open Access Journals (Sweden)

    Ana FRUNZA

    2016-12-01

    Full Text Available For this paper, we will consider the necessity of full disclosure and the duty to inform the public of the results of public health related and environmental health studies. The focus of the paper is that the results of the research, which is related to public and environmental health can lead to risks for public health that can endanger human health, so no matter how small the statistical representativeness is, full transparency must be achieved. We chose to review and make an analysis on the public health issues related to the duty to inform the public of research results in a study of dry cleaning workers; the 10b.case as exposed by Steven S. Coughlin in his book “Case Studies in Public Health Ethics”, 2009. In supporting the theme of this paper, the necessity for full transparency of data, which could be of public health and environmental health interest – we will bring a series of pros and cons to full disclosure, followed by a construction of counter arguments and will offer possible solutions to the issue of full disclosure towards the public in the case of data or results of public health related research.

  9. Proactive Public Disclosure: A new regulatory strategy for creating tax compliance?

    Directory of Open Access Journals (Sweden)

    Boll Karen

    2015-12-01

    Full Text Available This article discusses proactive public disclosure of taxpayer information and how this may form a new strategy for securing tax compliance by tax administrators. It reports a case study from the Danish Customs and Tax Administration in which consumers of services-over a short period of time-were informed about businesses’ lack of value-added tax (VAT registration. Our approach to the case is twofold: First, the article lays out a legal analysis of the disclosure practice, and second, the article presents an organizational analysis of why the practice was initiated. The analyses show that using proactive public disclosure is compatible with the Duty of Confidentiality, but incompatible with Good Public Governance. Furthermore, the analyses show that there are a number of strong organizational rationales for using proactive public disclosure, despite its apparent incompatibility with Good Public Governance. The article is innovative in that it combines a legal and organizational approach to analyse a new regulatory strategy within tax administration.

  10. 14 CFR 250.11 - Public disclosure of deliberate overbooking and boarding procedures.

    Science.gov (United States)

    2010-01-01

    ..., DEPARTMENT OF TRANSPORTATION (AVIATION PROCEEDINGS) ECONOMIC REGULATIONS OVERSALES § 250.11 Public disclosure... of Flights Airline flights may be overbooked, and there is a slight chance that a seat will not be... will be denied a seat until airline personnel first ask for volunteers willing to give up their...

  11. The effect of environmental performance and preference disclosure on financial performance: Empirical evidence from unbalanced panel data of heavy-pollution industries in China

    Directory of Open Access Journals (Sweden)

    Kai Chang

    2015-01-01

    Full Text Available Purpose: Environmental performance and propensity disclosure is important for stakeholders to estimate firms’ incentives in environmental management practices. The purpose of this article is to explore the impacts of environmental performance and propensity disclosure on financial performance using unbalanced panel data of eight heavy-pollution industries in China. Design/methodology/approach: Environmental performance and propensity exhibits mutual causality relationship with Tobin’s Q value using unit root and co-integration test of panel data. Using panel data analysis, we take the impacts of environmental performance and propensity disclosure on financial performance from 2008 to 2012. Findings: Environmental performance has a significantly negative impact on Tobin’s Q value at the significance levels of 1%, while environmental propensity has a significantly positive effect on Tobin’s Q value at the significance levels of 5%. Firm size, financial leverage and return of assets have significantly positive impacts on financial performance at the significance levels of 1%. Meanwhile the effect of corporate environmental performance and propensity on financial performance has a significantly periodic difference from 2008 to 2012. Research limitations/implications: Those results are helpful for environmental regulators to evaluate the implementing effect of voluntary environmental policy and for firms’ managers to increase market expectation and improve financial performance. Originality/value: Environmental performance is estimated by 30 environmental indicators in eight heavy-pollution industries in China. Environmental performance and propensity disclosure has a U-typed relationship with financial performance.

  12. Financial conflicts of interest in plastic surgery: background, potential for bias, disclosure, and transparency.

    Science.gov (United States)

    Luce, Edward A

    2015-04-01

    Relationships between physicians and industry, whether it be pharmaceutical companies, medical device manufacturers, or purveyors of medical technology, contain both an element of potential for good and a potential for harm. Certainly, the potential for good is realized when the collaboration results in improved plastic surgery patient care due to product and technology development. If the collaboration contains a financial component, the potential for harm exists in the form of a financial conflict of interest on the part of the physician. Recently, considerable discussion has been directed toward the pervasiveness of financial conflict of interest in all three arenas of the profession of medicine: education, research, and clinical practice, although an overlap exists among all three with respect to the issue of conflict of interest. This article will focus on conflict of interest in plastic surgery education, both continuing medical education for practitioners and graduate medical education for plastic surgery residents, as well as conflict of interest in research, such as conflicts related to publications in our literature.

  13. Gender Differences in Physicians' Financial Ties to Industry: A Study of National Disclosure Data.

    Science.gov (United States)

    Rose, Susannah L; Sanghani, Ruchi M; Schmidt, Cory; Karafa, Matthew T; Kodish, Eric; Chisolm, Guy M

    2015-01-01

    Academic literature extensively documents gender disparities in the medical profession with regard to salary, promotion, and government funded research. However, gender differences in the value of financial ties to industry have not been adequately studied despite industry's increasing contribution to income and research funding to physicians in the U.S. We analyzed publicly reported financial relationships among 747,603 physicians and 432 pharmaceutical, device and biomaterials companies. Demographic and payment information were analyzed using hierarchical regression models to determine if statistically significant gender differences exist in physician-industry interactions regarding financial ties, controlling for key covariates. In 2011, 432 biomedical companies made an excess of $17,991,000 in payments to 220,908 physicians. Of these physicians, 75.1% were male. Female physicians, on average, received fewer total dollars (-$3,598.63, preputation was statistically significant, implying that the differences between women and men differed based on industry's preference for an institution, with larger differences at higher reputation institutions. Female physicians receive significantly lower compensation for similarly described activities than their male counterparts after controlling for key covariates. As regulations lead to increased transparency regarding these relationships, efforts to standardize compensation should be considered to promote equitable opportunities for all physicians.

  14. The Effects of Ownership Structure on Corporate Environmental Responsibility Disclosure among Public-Listed Companies in Malaysia

    Directory of Open Access Journals (Sweden)

    Mohd Rashdan Sallehuddin

    2014-12-01

    Full Text Available Currently, there is a growth in demands by stakeholders for companies to demonstrate greater transparency on environmental disclosure. The findings revealed from research conducted on corporate accounting indicated that the relationship of the environmental factors influences the disclosures practices. This paper examines the effect of ownership structure characteristics namely managerial ownership, ownership concentration, government ownership and foreign ownership on the extent of Corporate Environmental Responsibility (CER disclosure in the annual reports among public-listed companies (PLCs in Malaysia. For the purpose of this study, 254 company annual reports for the year 2010 were analyzed. The multiple regressions analysis is utilized in this study in order to achieve the research objectives. The conduct of testing is controlled by company size and industry profile. The findings show that ownership concentration and government ownership influenced the level of CER disclosure. Moreover, the company size as control variable has positive significant impact on the CER disclosure.Nevertheless, the managerial ownership and foreign ownership do not appear to have a significant impact on the extent of CER disclosure. The research shows that the level of CER disclosure is different across sectors and is relatively low. Finally, this study can clearly integrate the relationship between ownership structure mechanisms and CER disclosure and it can assist the relevant authorities in Malaysia to look further the policies on environmental disclosure among public-listed companies in Malaysia.

  15. 12 CFR 908.13 - Public disclosure of final orders.

    Science.gov (United States)

    2010-01-01

    ... decision and order of the Board of Directors would seriously threaten the financial health or security of a... make available to the public— (1) Any written agreement or other written statement for which a... interest; (2) Any order that is issued by the Board of Directors and that has become final in...

  16. STUDY ON DISCLOSURE LEVEL OF COMPANIES LISTED ON THE BUCHAREST STOCK EXCHANGE IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS: THE CASE OF INTANGIBLE ASSETS

    Directory of Open Access Journals (Sweden)

    CĂTĂLINA GORGAN

    2014-05-01

    Full Text Available In the context of economic globalization, the need for high quality financial information has become a desiderate. Accounting met such needs through a set of high quality standards, the International Financial Reporting Standards. Their global imposing, either through adoption or convergence, make its contribution to proper functioning of capital markets and even of the entire economy. The quality of financial reporting, however, is the result of how they are applied in each country or company. The objective of our study is to analyze the disclosure level of companies listed at Bucharest Stock Exchange (BSE in compliance with the presentation requirements of the international accounting standard IAS 38 “Intangible assets”. The empirical study revealed a significant level of non-compliance. In order to determine the degree of compliance with international accounting referential we built a disclosure index. Four hypothesis were tested in order to identify the factors that influence the disclosure level.

  17. Financial statistics of major US publicly owned electric utilities 1992

    Energy Technology Data Exchange (ETDEWEB)

    1994-01-01

    The 1992 edition of the Financial Statistics of Major US Publicly Owned Electric Utilities publication presents 4 years (1989 through 1992) of summary financial data and current year detailed financial data on the major publicly owned electric utilities. The objective of the publication is to provide Federal and State governments, industry, and the general public with current and historical data that can be used for policymaking and decisionmaking purposes related to publicly owned electric utility issues. Generator and nongenerator summaries are presented in this publication. Four years of summary financial data are provided. Summaries of generators for fiscal years ending June 30 and December 31, nongenerators for fiscal years ending June 30 and December 31, and summaries of all respondents are provided. The composite tables present aggregates of income statement and balance sheet data, as well as financial indicators. Composite tables also display electric operation and maintenance expenses, electric utility plant, number of consumers, sales of electricity, and operating revenue, and electric energy account data. The primary source of publicly owned financial data is the Form EIA-412, {open_quotes}Annual Report of Public Electric Utilities.{close_quotes} Public electric utilities file this survey on a fiscal year, rather than a calendar year basis, in conformance with their recordkeeping practices. In previous editions of this publication, data were aggregated by the two most commonly reported fiscal years, June 30 and December 31. This omitted approximately 20 percent of the respondents who operate on fiscal years ending in other months. Accordingly, the EIA undertook a review of the Form EIA-412 submissions to determine if alternative classifications of publicly owned electric utilities would permit the inclusion of all respondents.

  18. PUBLIC TREASURY IN THE CONTEXT OF GLOBALIZED FINANCIAL MARKETS

    Directory of Open Access Journals (Sweden)

    Dragoş Ilie

    2011-01-01

    Full Text Available In the development and functioning process of the economy, the financing of current andinvestment activities is a key factor, the mobilization of necessary funds being possible bythe existence of financial markets. In the financial markets, public treasury plays a key role.The economic crisis has left economies without cash and the banking system was unable tosecure, through the mechanism of credit, the necessary resources for the normal functioningof economy. In these circumstances the Public Treasury must take seriously intoconsideration, as an option for the future, the development of banking operations and toattract available state funds on the financial markets.

  19. Financial Strategies for the Romanian Local Public Administration

    Directory of Open Access Journals (Sweden)

    Attila GYÖRGY

    2011-02-01

    Full Text Available Public administration reform at all governmental levels constitutes an important component of the transformation process from a centralized system to democratic governance. This process involved important legislative and institutional changes in order to fulfill the principles of a market economy and the European Union standards based on transparency, predictability, accountability, adaptability and effectiveness. Therefore, in a continuing extension of the citizens’ needs, Romanian public administration reform, especially at local level, is concentrated on quality of public services based on citizens’ needs and increased performances in the context of a necessary decrease of budget expenditure, taking into consideration the actual financial constraint. In this context, it is useful to investigate the financial strategies of the local public administration based on the Romanian experiences that consisted in important public resources decline because of the financial crisis.

  20. Financial statistics major US publicly owned electric utilities 1996

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-03-01

    The 1996 edition of The Financial Statistics of Major US Publicly Owned Electric Utilities publication presents 5 years (1992 through 1996) of summary financial data and current year detailed financial data on the major publicly owned electric utilities. The objective of the publication is to provide Federal and State governments, industry, and the general public with current and historical data that can be used for policymaking and decision making purposes related to publicly owned electric utility issues. Generator and nongenerator summaries are presented in this publication. Five years of summary financial data are provided. Summaries of generators for fiscal years ending June 30 and December 31, nongenerators for fiscal years ending June 30 and December 31, and summaries of all respondents are provided. The composite tables present aggregates of income statement and balance sheet data, as well as financial indicators. Composite tables also display electric operation and maintenance expenses, electric utility plant, number of consumers, sales of electricity, and operating revenue, and electric energy account data. 2 figs., 32 tabs.

  1. 75 FR 10561 - Request for Public Comment: Community Development Financial Institutions Fund, Community...

    Science.gov (United States)

    2010-03-08

    ... Community Development Financial Institutions Fund Request for Public Comment: Community Development Financial Institutions Fund, Community Development Financial and Technical Assistance Awards, Native Initiatives, and Bank Enterprise Awards AGENCY: Community Development Financial Institutions Fund,...

  2. OWNERSHIP CONCENTRATION AND CORPORATE GOVERNANCE DISCLOSURE – THE CASE OF FINANCIAL INSTITUTIONS

    Directory of Open Access Journals (Sweden)

    Stefanescu Cristina Alexandrina

    2012-07-01

    Full Text Available Disclosure and the quality of corporate governance system are more often appreciated as closely related concepts - the higher the level of transparency, the better the quality corporate governance practices. As regards disclosure, if in a widely held company (ownership dispersion its role is to signal that the managers are acting in the best interests of the principals, in a highly concentrated company (ownership concentration, it comes to annihilate the conflicts of interest between “insiders” (controlling shareholders and managers and outside investors. Basing on this background, we focused on corporate governance disclosure, analyzing possible influences over it coming from corporate governance dimensions. Therefore, the objective of our paper is to identify possible associations between corporate governance features and the level of disclosure through annual reports in case of banking institutions listed at London Stock Exchange focusing on ownership concentration. Most empirical studies that have tested the correlation between ownership concentration and the level of disclosure reached to a negative relationship (Barako et al., 2006; Tsamenyi, et al., 2007; Haniffa and Cooke, 2002; Huafang and Jianguo, 2007; Patelli and Prencipe, 2007; Chau and Gray, 2002; Cooke, 1989. However, there are also studies that could not find any association (Arcay and Vazquez, 2005; Ghazali and Weetman, 2006; Holm and Scholer, 2010; Parsa, et al., 2007; Baek, et al., 2009; Makhija and Patton, 2004; Depoers, 2000. Basing both on assertions supported by the agency theory that companies with concentrated ownership do not have to rely on external disclosures to the same extent as companies with dispersed ownership, as well as on most prior empirical findings that provide evidence in this respect, we proposed the following hypothesis: “(H: There is a negative association between ownership concentration and the extent of disclosure”. The

  3. ANALYSIS OF PUBLIC COURT-ORDERED-DEBT DISCLOSURE: INFLUENCE OF LEGISLATION AND FUNDAMENTALS OF ACCOUNTING THEORY

    Directory of Open Access Journals (Sweden)

    Lucas Oliveira Gomes Ferreira

    2012-03-01

    Full Text Available The purpose of the present study is to analyze the accounting disclosure of judicial payments warrants (precatórios, issued when governmental entities are found liable for pecuniary awards in lawsuits according to accounting theory, and to verify if the current legislation interferes in the accounting treatment of these instruments. In this sense, we performed a documental and literature review about the legal framework and accounting procedures adopted, as well gathered data from the National Treasury Secretariat Data Collection System (SISTN in the period 2004-2009 and consulted a study carried out by the Supreme Court (STF in 2004. The study’s justification is based on the perception that over than a half of judicial payment warrants are not registered in the public accounts. Consequently, whereas these warrants (i vested rights of the plaintiffs and (ii debts of the public entity, the lack of accounting disclosure jeopardizes both the beneficiary, whose right is not reflected in the public accounts, thus casting doubt on the expectation to receive payment, and government managers and society, who do not have reliable information that allows effective management. The innovation of this paper consists of discussing identification of the appropriate moment of the generating event of the underlying debts and the proposal of disclosure considering the risk classification. In conclusion, the influence of the current legislation and the failure to observe accounting fundamentals are among the likely factors that have affected the proper accounting of judicial payment warrants within the Brazilian public administration.

  4. Public survey of financial incentives for kidney donation

    NARCIS (Netherlands)

    L.W. Kranenburg (Leonieke); A. Schram (Andre); W.C. Zuidema (Wilij); W. Weimar (Willem); M.T. Hilhorst (Medard); E. Hessing (Ellen); J. Passchier (Jan); J.J. van Busschbach (Jan)

    2008-01-01

    textabstractBackground. One of the most fiercely debated strategies to increase the number of kidneys for transplantation is the introduction of financial incentives. As the success of such strategy largely depends on public support, we performed a public survey on this topic. Methods. We developed

  5. The legacy of Bristol: public disclosure of individual surgeons' results

    OpenAIRE

    Keogh, Bruce; Spiegelhalter, David; Bailey, Alan; Roxburgh, James; Magee, Patrick; Hilton, Colin

    2004-01-01

    Measurement of outcomes from medical or surgical interventions is part of good practice, but publication of individual doctors' results remains controversial. The authors discuss this issue in the context of cardiothoracic surgery

  6. Problems of Financial Information Disclosure of University Education Foundation and Countermeasures%我国大学教育基金会财务信息披露的问题与对策

    Institute of Scientific and Technical Information of China (English)

    韦岚; 闵慕

    2016-01-01

    The long time steady and sustained development of non-profit organizations plays an irreplaceable role in politics ,economy ,soci-ety ,and so on .But with the occurrence of public welfare corruption scandals ,the voice of non-profit organizations to strengthen financial infor-mation disclosure is increasingly high .As a non-profit organization ,the university education foundation has some problems ,such as the difficulty of obtaining financial information ,the incomplete disclosure of the project ,and the time lag of the disclosure .Therefore ,to construct a financial information disclosure mechanism which can develop sustainably ,the financial information disclosure form should be enriched ,the system should be perfected and the quality of financial personnel should be improved so as to give full play to their roles in serving the university .%虽然,非营利组织长期以来的持续稳定发展,为政治、经济、社会等各个方面发挥了不可替代的作用;但是,随着一些公益腐败丑闻的发生,要求非营利组织加强财务信息披露的呼声愈发高涨。作为非营利组织的大学教育基金会存在财务信息披露途径单一、披露项目不全、披露时间滞后等问题。建构大学教育基金会可持续发展的财务信息披露机制,应丰富财务信息披露形式、完善其财务信息披露体制以及提高财务人员素质,从而充分发挥其在服务高校中的作用。

  7. A comparison of non-financial strategy disclosure in the annual ...

    African Journals Online (AJOL)

    kirstam

    reports of listed companies in South Africa and India. ..... ments; an audit of consolidated financial statements, as well as the company's financial ... remuneration committee, shareholders' committee, general body meetings, means of.

  8. Portuguese public debt and financial business before WWI

    Directory of Open Access Journals (Sweden)

    Maria Eugenia Mata

    2010-10-01

    Full Text Available Government, public finance, and public debt framed the historical background for exceptional financial business opportunities for Henry Burnay as a private banker and a network with Baring Brothers, Comptoir National d'Escompte, Banque de Paris et des Pays Bas, Neuflize et Cie., Crédit Lyonnais, Société Générale, Deutsche Bank, Bank fur Handel& Industrie, Dresdner Bank, M. Jacob H. S. Stern and the Deutsche Effecten & Wechsel Bank from Frankfurt. Nineteenth-century financial markets and public debt emerge as the main players in the game.Credibility and honesty are important values for earning confidence and trust in international financial business, while bilateral-monopoly market situations required a lot of bargaining for joint profit maximization.

  9. Variation of Community Consultation and Public Disclosure for a Pediatric Multi-centered “Exception from Informed Consent” Trial

    Science.gov (United States)

    Holsti, Maija; Zemek, Roger; Baren, Jill; Stanley, Rachel M.; Prashant, Mahajan; Vance, Cheryl; Brown, Kathleen M.; Gonzalez, Victor; King, Denise; Jacobsen, Kammy; Shreve, Kate; van de Bruinhorst, Katrina; Jones, Anne Marie; Chamberlain, James M.

    2014-01-01

    Background The U.S. federal regulation “Exception from Informed Consent (EFIC) for Emergency Research,” 21 Code of Federal Regulations 50.24, permits emergency research without informed consent under limited conditions. Additional safeguards to protect human subjects include requirements for community consultation and public disclosure prior to starting the research. Because the regulations are vague about these requirements, Institutional Review Boards (IRBs) determine the adequacy of these activities at a local level. Thus there is potential for broad interpretation and practice variation. Aim To describe the variation of community consultation and public disclosure activities approved by IRBs, and the effectiveness of this process for a multi-center, EFIC, pediatric status epilepticus clinical research trial. Methods: Community consultation and public disclosure activities were analyzed for each of 15 participating sites. Surveys were conducted with participants enrolled in the status epilepticus trial to assess the effectiveness of public disclosure dissemination prior to study enrollment. Results Every IRB, among the 15 participating sites, had a varied interpretation of EFIC regulations for community consultation and public disclosure activities. IRBs required various combinations of focus groups, interviews, surveys, and meetings for community consultation; news releases, mailings, and public service announcements for public disclosure. At least 4,335 patients received information about the study from these efforts. 158 chose to be included in the “Opt Out” list. Of the 304 participants who were enrolled under EFIC, 12 (5%) had heard about the study through community consultation or public disclosure activities. The activities reaching the highest number of participants were surveys and focus groups associated with existing meetings. Public disclosure activities were more efficient and cost-effective if they were part of an in-hospital resource for

  10. Medical error disclosure: a pressing agenda for Public Health researchers

    Directory of Open Access Journals (Sweden)

    Annegret F. Hannawa

    2012-10-01

    Full Text Available Medical errors are not a prevalent discussion topic in the current public health literature. However, their impact on patient lives across the world is alarming. In the United States alone, more than 1.3 million patients are harmed every year by medical treatments that are intended to help them. About three quarters of these adverse events are caused by preventable human error.....

  11. Equitable Financial Evaluation Method for Public-Private Partnership Projects

    Institute of Scientific and Technical Information of China (English)

    KE Yongjian; LIU Xinping; WANG Shouqing

    2008-01-01

    The feasibility study of a public-private partnership (PPP) project is regarded as one of the critical factors for successful implementation,but unfortunately the common financial evaluation methods currently used only represent the benefits of the private sector.There is,therefore,an urgent need to develop an equitable financial evaluation method for PPP projects.This paper presents a comprehensive literature review that examines international practices.An equitable financial evaluation method was then developed taking into account the inherent characteristics of PPP projects using six separate indicators and Monte Carlo simulations.The result for a bridge project in Romania shows that the method combines the viewpoints of all the relevant stakeholders to achieve an equitable financial evaluation of PPP projects.

  12. ANALYSIS OF DISCLOSURE OF THE FEDERATIVE RIGHTS IN THE FINANCIAL STATEMENTS OF BRAZILIAN FOOTBALL CLUBS

    Directory of Open Access Journals (Sweden)

    Ricardo dos Santos Custodio

    2012-09-01

    Full Text Available The purpose of this survey is to check whether the publishing of financial statements by the Brazilian football clubs adopt uniform accounting criteria for similar events that involve federative rights after publication of NBC 10.13. This survey has as contribution the development of a discussion on the comparability and the level of transparency in the dissemination of accounting information carried out by clubs, as well as how these actions can assist the decision making of possible investors and other stakeholders, such as fans, government, and other agents of society. Data analysis was undertaken by means of analysis of the accounting reporting documentation, published in the periods of 2006 and 2007, encompassing eleven clubs in the Brazilian Premier League 2007. The main results showed that there is adoption of very different accounting criteria among clubs. For example: expenditures with contracting, renewal of contracts of athletes who are recorded as fixed assets or accounted as expenditures during the period. It is highlighted that there are clubs that have not been complying to what is set forth in provisions of the NBC 10.13, therefore, they do no provide to their users with information recommended by the standard. It stands out, among implications, that there is a significant decrease in the comparability and transparency level between accounting reporting published by the Brazilian clubs.

  13. Public attitudes to financial incentive models for organs

    DEFF Research Database (Denmark)

    Hoeyer, Klaus; Schicktanz, Silke; Deleuran, Ida

    2013-01-01

    Waiting lists for organs have stimulated interest in the use of financial incentives for organ donation (FIs), but the literature does not contain an adequate overview of studies of public attitudes toward this mode of procurement. We conducted a literature review of international peer......-reviewed research published between 2002 and 2012 on how members of the public position themselves toward FIs. We identified and analyzed 23 studies using MEDLINE, PsycINFO, Sociological Abstracts and cross-reference search. The search included whole organs, donation, quantitative and empirical qualitative social...... scientific studies on, public attitudes (excluding professionals and medical students). The review reveals a broad divergence of public opinions on financial incentives. However, quantitative studies showed a low overall level of acceptance of payment for organs in living donation (LD); only a slightly...

  14. CORPORATE MOTIVES FOR PUBLIC SHARES OFFERING DURING THE FINANCIAL CRISIS

    Directory of Open Access Journals (Sweden)

    Mihaela Grubisic Seba

    2015-06-01

    Full Text Available Despite greater constraints for obtaining bank loans, public shares’ offerings ceased in the SEE region since the onset of the financial crisis in 2008. With scarce IPOs and SEOs as well as debt offerings, Croatian capital market stands as prime example of mandatory shares’ listing rule application. Surveys of CFOs on going-public vs staying-private decisions are rare even in developed countries and are mostly conducted during the hot IPO markets. In this paper the motives of shares’ issuance are compared between publicly- and privately-held companies during the financial crisis. Research results showed that companies would not issue shares to the public to raise funds for their investments and growth.

  15. The Selection of Information Disclosure Model for Bank Financial Products%银行理财产品信息披露模式选择

    Institute of Scientific and Technical Information of China (English)

    叶林

    2012-01-01

    信息披露是解决市场失灵的主要手段。市场现有自愿信息披露的边界与规制目标间存在差异,监管不足,诱发了市场一系列的问题。考察银行理财产品基本法律关系、分析产品运作模式、市场投资者与管理层的实际信息需求,银行理财产品目前应当建立以“强制披露为主,自愿披露为辅”的信息披露模式,强调运用强制信息披露制度,统一规范银行理财产品信息披露标准与内容。%Information disclosure system is the primary means to address market failure. There is a gap between the border of the exiting random disclosure model and the stipulated target for information disclosure system, the supervision of which is lacking, leading to a series of problems in market. According to the concrete legal relations of bank financial products, the business operation model of the products and the request of investors and supervisors for information, the paper argues that a model of mandatory disclosure with a supplement of voluntary disclosure should be established, stressing mandatory disclosure and unifying the criterion and content of information disclosure about bank financial products.

  16. 银行理财产品信息披露制度刍议%Modest Proposal For the Information Disclosure System of Bank Financial Products

    Institute of Scientific and Technical Information of China (English)

    叶林

    2011-01-01

    Nowadays, with the continuing development of bank financial products, a series of problems have arisen.The weaknesses of our information disclosure system have brought about serious problems,which is conditioned by the cultivation of China's financial market ,the financial regulatory system ,and the skills of legislation. The information disclosure system is the foundation for standardizing the economic order. For the purpose of protecting the interests of investors and standardizing the financial order, we should improve the information disclosure system of bank financial products.%近年来银行理财业务在迅猛发展的同时也产生了一系列问题,其中由于信息披露而引发的矛盾尤为突出。受金融市场发育程度、金融监管体制与立法技术的制约,立法与监管机构对银行理财产品在信息披露方面的规制尚存不足。信息披露是规范市场的基础,有利于保护投资者合法权益,维护金融秩序,完善我国银行理财产品信息披露制度。

  17. Homeschooling: An Overview and Financial Implications for Public Schools.

    Science.gov (United States)

    Ray, Brian D.; Weller, Nick

    2003-01-01

    Describes research on reasons parents choose to homeschool their children, the academic achievement of homeschooled students, their social, emotional, and psychological development, and their success in college and in life. Examines the financial impact of homeschooling on public school districts in Oregon. (Contains 17 references.) (PKP)

  18. Financial Reporting for Tennessee Public Colleges and Universities.

    Science.gov (United States)

    Tennessee Higher Education Commission, Nashville.

    This manual provides a framework for accounting practices, budgeting and reporting procedures for Tennessee public higher education institutions. Emphasis is placed on principles and procedures of accounting and financial reporting; the balance sheet; statement of changes in fund balances; statement of current funds revenues, expenditures, and…

  19. Satisfying the demand for financial information in public traded companies

    DEFF Research Database (Denmark)

    Holm, Claus

    to be an ever increasing factor. The financial reporting has to fulfill the requirements for official fillings to the stock exchange and the capital market as well as more voluntary Internet reporting to make annual, semi-annual and even quarterly reports publicly available. This demand for extensive...

  20. Public Libraries in an Age of Financial Complexity: Toward Enhancing Community Financial Literacy

    Science.gov (United States)

    Smith, Catherine Arnott; Eschenfelder, Kristin

    2013-01-01

    This report describes several linked empirical studies that examine the activities of public libraries in increasing the financial literacy of their service population. A qualitative field study examines librarians' perceptions of the challenges in offering information and services in this domain; a second set of interviews centers on the…

  1. Public Libraries in an Age of Financial Complexity: Toward Enhancing Community Financial Literacy

    Science.gov (United States)

    Smith, Catherine Arnott; Eschenfelder, Kristin

    2013-01-01

    This report describes several linked empirical studies that examine the activities of public libraries in increasing the financial literacy of their service population. A qualitative field study examines librarians' perceptions of the challenges in offering information and services in this domain; a second set of interviews centers on the…

  2. The effect of corporate social responsibility disclosures on financial performance in the banking industry: empirical study on Egyptian banking sector

    Directory of Open Access Journals (Sweden)

    Racha El Moslemany

    2017-03-01

    Full Text Available The aim of this paper to establish the relationship between corporate social responsibility disclosure and financial performance in the Egyptian banking sector. Only three banks were included in the study because Corporate Social Responsibility is a new concept that has not yet been fully established in the banking sector in Egypt. Secondary data were obtained from the annual financial reports of the banks for the period from 2008 to 2011. Corporate social responsibility score was obtained using content analysis of reports of the companies on various components of corporate social responsibility as reported in their annual financial reports. The present study identified four dimensions in the pilot study: Environment, Community, Customer, and Employee. Descriptive analysis was used to describe data collected such as Pearson correlation method. The authors used regression analysis to study the relationship between the dependent variables and the independent variables and the bank age and bank size were used as control variables in the analysis. The results indicated an insignificant relationship between the independent variables (corporate social responsibility toward environment, community, customer, and employee used in the model and the dependent variables Corporate Financial Performance as measured by (ROA, ROE, NPM, and EPS. The results of the study proved the absence of a significant relationship between the dependent and the independent variables as a whole. Yet, some relationships were found concerning individual measures. The major limitation of this paper is the sample size. In addition, failure of corporations to disclose CSR in the annual reports will have a material effect on these findings. The findings of this paper have practical implications on the management of Banks in Egypt to re-think and re-strategize their CSR policies that incorporate social and economic performance to improve their CFP.

  3. 75 FR 7599 - Notice of Public Hearing; Passenger Vessel Financial Responsibility

    Science.gov (United States)

    2010-02-22

    ... Notice of Public Hearing; Passenger Vessel Financial Responsibility AGENCY: Federal Maritime Commission... Passenger Vessel Financial Responsibility Program. DATES: The due date for submitting a request to... make presentations concerning the Commission's passenger vessel financial responsibility program. The...

  4. Financial Disclosure and Budgetary Practices of Religious Organization: A Study of Qaryah Mosques in Kuala Terengganu

    Directory of Open Access Journals (Sweden)

    Shahida Bt Shaharuddin

    2015-04-01

    Full Text Available This paper aims to examine the financial reporting and budgeting practices of qaryah mosques in Kuala Terengganu, a state in the east of Peninsular Malaysia. Data was collected using a mixed method (quantitative and qualitative approach. The questionnaire was disseminated to qaryah mosques in Kuala Terengganu and 39 responded. To address the limitations of a questionnaire survey, semi-structured interviews were then conducted with a few of the respondents. The results revealed that qaryah mosques in Kuala Terengganu do have a satisfactory system in place in terms of their financial reporting practices. However, budgetary control practices appear to be lacking. This indicates accounting, as is practiced by qaryah mosques in Kuala Terengganu appears to be limited to financial accounting. Hence, the financial management in qaryah mosques needs to be improved so that the risk of embezzlement can be reduced.

  5. Financial performance and information disclosure on human resources: an analysis of companies in the IBRX – 100

    Directory of Open Access Journals (Sweden)

    Gustavo Henrique Costa Souza

    2016-03-01

    Full Text Available The research question that guided this study was: What is the relationship between the process of disseminating information on human resources and the financial performance of the companies? The research was conducted with the companies in the IBrX-100. All reports that supported this study relate only to the year 2013. The process of disseminating information on human resources was analyzed using the method by Mamun (2009. The statistical technique of multiple regression was used to assist in the interpretation of data, based on a cross-sectional view. The variables chosen for this study were Profitability (REN; Turnover (VV and Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA. The companies analyzed presented a low disclosure rate of information on human resources. In view of the variables surveyed for this study, however, it can be concluded that there is a relationship between the process of disseminating information on human resources and the financial performance of companies when represented by Turnover and EBITDA - given that the profitability demonstrated no significant relationship in this analysis. Overall, the findings confirm other previous studies on the subject.

  6. 76 FR 39418 - Notice of Submission of Proposed Information Collection to OMB; Public Housing Financial...

    Science.gov (United States)

    2011-07-06

    ... submit financial information annually to HUD. The Uniform Financial Reporting Standards for HUD housing... Financial Management Template AGENCY: Office of the Chief Information Officer, HUD. ACTION: Notice... requires public housing agencies to submit financial information annually to HUD. The Uniform Financial...

  7. A Graph is Worth a Thousand Words: How Overconfidence and Graphical Disclosure of Numerical Information Influence Financial Analysts Accuracy on Decision Making.

    Science.gov (United States)

    Cardoso, Ricardo Lopes; Leite, Rodrigo Oliveira; de Aquino, André Carlos Busanelli

    2016-01-01

    Previous researches support that graphs are relevant decision aids to tasks related to the interpretation of numerical information. Moreover, literature shows that different types of graphical information can help or harm the accuracy on decision making of accountants and financial analysts. We conducted a 4×2 mixed-design experiment to examine the effects of numerical information disclosure on financial analysts' accuracy, and investigated the role of overconfidence in decision making. Results show that compared to text, column graph enhanced accuracy on decision making, followed by line graphs. No difference was found between table and textual disclosure. Overconfidence harmed accuracy, and both genders behaved overconfidently. Additionally, the type of disclosure (text, table, line graph and column graph) did not affect the overconfidence of individuals, providing evidence that overconfidence is a personal trait. This study makes three contributions. First, it provides evidence from a larger sample size (295) of financial analysts instead of a smaller sample size of students that graphs are relevant decision aids to tasks related to the interpretation of numerical information. Second, it uses the text as a baseline comparison to test how different ways of information disclosure (line and column graphs, and tables) can enhance understandability of information. Third, it brings an internal factor to this process: overconfidence, a personal trait that harms the decision-making process of individuals. At the end of this paper several research paths are highlighted to further study the effect of internal factors (personal traits) on financial analysts' accuracy on decision making regarding numerical information presented in a graphical form. In addition, we offer suggestions concerning some practical implications for professional accountants, auditors, financial analysts and standard setters.

  8. Ownership Structure, Corporate Governance and Financial Performance: A Study of Public Listed Companies in Malaysia

    OpenAIRE

    Wong, Jyh Juan

    2006-01-01

    This research study is aimed at the top 200 capitalized companies listed in Bursa Malaysia as of 31 December 2005. We analyzed these companies’ corporate governance disclosure and practices, financial performance and whether there are significant relationship between having good corporate governance and achieving better financial outcome. The uniqueness of this study from others is that we segregate the findings based on different ownership structures of these sample companies, for comparativ...

  9. Public health financial management needs: report of a national survey.

    Science.gov (United States)

    Costich, Julia F; Honoré, Peggy A; Scutchfield, F Douglas

    2009-01-01

    The work reported here builds on the identification of public health financial management practice competencies by a national expert panel. The next logical step was to provide a validity check for the competencies and identify priority areas for educational programming. We developed a survey for local public health finance officers based on the public health finance competencies and field tested it with a convenience sample of officials. We asked respondents to indicate the importance of each competency area and the need for training to improve performance; we also requested information regarding respondent education, jurisdiction size, and additional comments. Our local agency survey sample drew on the respondent list from the National Association of County and City Health Officials 2005 local health department survey, stratified by agency size and limited to jurisdiction populations of 25,000 to 1,000,000. Identifying appropriate respondents was a major challenge. The survey was fielded electronically, yielding 112 responses from 30 states. The areas identified as most important and needing most additional training were knowledge of budget activities, financial data interpretation and communication, and ability to assess and correct the organization's financial status. The majority of respondents had some postbaccalaureate education. Many provided additional comments and recommendations. Health department finance officers demonstrated a high level of general agreement regarding the importance of finance competencies in public health and the need for training. The findings point to a critical need for additional training opportunities that are accessible, cost-effective, and targeted to individual needs.

  10. Financial statistics of selected publicly owned electric utilities 1989. [Contains glossary

    Energy Technology Data Exchange (ETDEWEB)

    1991-02-06

    The Financial Statistics of Selected Publicly Owned Electric Utilities publication presents summary and detailed financial accounting data on the publicly owned electric utilities. The objective of the publication is to provide the Federal and State governments, industry, and the general public with data that can be used for policymaking and decision making purposes relating to publicly owned electric utility issues. 21 tabs.

  11. Have Recent Financial Reforms Improved Financial Accountability in the Australian Commonwealth Public Sector?

    Directory of Open Access Journals (Sweden)

    Graham Bowrey

    2007-09-01

    Full Text Available Since the early 1990s the Australian Commonwealth public sector has undergone significant financialreforms, due primarily to the current federal Liberal government’s drive to improve the financialaccountability of the Commonwealth Government. These reforms include the adoption of accrualaccounting and budgeting and the development and implementation of an outcomes and outputs framework.These reforms culminated in the first full federal budget to be developed on an accrual basis in 1999 – 2000.This paper will examine the implementation of these reforms and the associated processes to determinewhether or not the Commonwealth government is more financially transparent and better able to dischargeits financial accountability. It is argued the complexity of the processes associated with, and the reportingrequirements of these reforms may have actually decreased the level of accountability to the key party towhom accountability is due — the Australian public.

  12. DISCLOSURE PRACTICES CONCERNING CONSOLIDATED FINANCIAL STATEMENS OF ROMANIANS GROUPS OF ENTITES

    Directory of Open Access Journals (Sweden)

    TIRON TUDOR ADRIANA

    2010-07-01

    Full Text Available The main object of this paper is to examine accounting harmonization in a sample of companies with regard to the presentation of consolidated financial statements. The results of the study indicate that listed firms tend to comply with IFRS requirements

  13. Research on Financial Information Disclosure of Government - run Universities in China%我国公办高校财务信息公开研究

    Institute of Scientific and Technical Information of China (English)

    吕志学

    2014-01-01

    随着教育体制改革的不断深化,公办高校的招生规模不断扩大,办学资金逐年增加,资金来源渠道也呈多元化趋势发展。社会公众有权知道财政资金的去向,支出是否合理,故高校的财务信息面向社会公开将是一种必然趋势。但高校财务信息公开作为政府信息公开的重要组成部分才刚刚起步,公开的内容与人大和社会各界的要求还有一定的差距。本文从目前我国公办高校财务信息公开的现状及问题入手,提出推进高校财务信息公开的几点建议,以真实、完整、及时地反映高校财务的运行状况,接受社会公众的监督。%With the deepening of education reform, funds of government - run universities are increased every year, and its sources diversified. Financial information disclosure of colleges and universities, as an important part of gov-ernment information disclosure, is still in its initial stage, and the disclosed information cannot meet the demands of the society. Based on the current situation and existing problems of financial information disclosure of China” s gov-ernment - run universities, this paper puts forward some suggestions to promote college financial information disclo-sure, to reflect the financial health of universities truly, thoroughly and timely.

  14. 基于信息披露质量的财务预警研究%The Financial Warning with Introducing the Quality of Information Disclosure

    Institute of Scientific and Technical Information of China (English)

    陈收; 赖柏纯; 杨宽

    2015-01-01

    This study interprets from the perspective of corporation life cycle theory,and establishes a financial warning index system with the quality of information disclosure.Then,it creates the financial warning system by integrating the support vector machines(SVM)and decision tree(DT).It also investigates the differences in the accuracy of financial crisis forecast with or without the introduction of the quality of information disclosure and also studies the importance of the quality of information disclosure in the financial warning system.The empirical results show that the introduction of the quality of information disclosure leads to the improved accuracy in the financial crisis forecast and the impact shows evident difference in different stages of the life cycle.Therefore,rational guide in the corporate information disclosure is of great importance in minimizing the probability of the occurrence of financial crisis.%本文将信息披露质量引入财务预警指标体系中,采用支持向量机(SVM)财务预警模型,研究处于不同生命周期阶段的企业在引入信息披露质量前后财务危机预测准确性的差异,然后利用决策树(DT)模型分析信息披露质量在财务预警体系中的重要程度。实证结果表明,引入信息披露质量的 SVM财务预警模型,其准确率在成长期、成熟期和衰退期均有一定的提高,导入期则没有发生变化;对于处于不同生命周期阶段的企业,信息披露质量对财务预警的影响程度具有一定差异:成熟期企业影响程度最大,成长期和衰退期企业影响程度较大,而导入期企业影响效果不明显。因此,合理引导公司信息披露,对于降低上市公司发生财务危机的概率具有重要导向效应。

  15. The influence of publication of financial statements, risk of takeover and financial position of the auditee on public auditors' unethical behaviour

    NARCIS (Netherlands)

    van Dijk, M

    2000-01-01

    This study examines the effects of publication of financial statements, the risk of a takeover of the auditee and the auditee's financial position on auditors' willingness to allow material errors in financial statements in case of management pressure. The results show that all factors significantly

  16. The influence of publication of financial statements, risk of takeover and financial position of the auditee on public auditors' unethical behaviour

    NARCIS (Netherlands)

    van Dijk, M

    2000-01-01

    This study examines the effects of publication of financial statements, the risk of a takeover of the auditee and the auditee's financial position on auditors' willingness to allow material errors in financial statements in case of management pressure. The results show that all factors significantly

  17. Developments in public sector financial management in Estonia

    Directory of Open Access Journals (Sweden)

    Arno Almann

    2011-04-01

    Full Text Available Systems approach, contingency theory, modeling and interviewing are used to research whether the integration of the financial accounting and budget systems that are based on different accounting principles into a balanced overall system will increase the efficiency of financial management and will provide more ways of management in Estonian public organizations. The integration of the systems will create a semantically and organizationally interacting information system for a midterm period, which could be used at all managerial levels in all organizations in real time by developing the information technological infrastructure in Estonia. As feedback, control authorities impart information about the deviations between the objectives of the information and the attainments to the decision-makers, which will enable the decision-makers to make corrections and improve the quality of decisions.

  18. Undocumented & Unafraid: The DREAM Act 5 and the Public Disclosure of Undocumented Status as a Political Act

    Science.gov (United States)

    Galindo, Rene

    2012-01-01

    In 2010, the political advocacy of undocumented immigrant students in support of the DREAM Act took a new and decisive direction when the public disclosure of undocumented status as political act was adopted. This new political strategy included the first case of civil disobedience practiced by a group of undocumented immigrant students now known…

  19. Making sense of the disclosure of latent defects in financial statements and company acquisition contracts

    Directory of Open Access Journals (Sweden)

    Cornelius Killian

    2011-05-01

    Full Text Available This paper analyses the statement made by the South African Appeal Court Judge Holmes in the Phame v Paizes (1973 case and, using economic and unique South African legal principles, it examines the true legal nature of a contract to regulate company acquisitions.1 Two solutions are offered for financial managers in South Africa: (1 the contract to regulate company acquisitions is a forward contract and (2 the difficulty in identifying latent defects should not be grounds for reducing the price paid for a company or enterprise in the South African legal system.

  20. Voluntary disclosure of Value Chain in Financial Reports of Companies Brazilian Capital Open

    Directory of Open Access Journals (Sweden)

    Leandro da Costa Lopes

    2012-12-01

    Full Text Available Managing the value chain with the aim to achieve competitive advantage in relation to their competitors and in order to reduce costs has become increasingly important for business organizations. The aim of this paper is to analyse whether Brazilian organisations listed on Sao Paulo´s Stock Exchange (BOVESPA publish information relating to value chain management in their financial reports. In addition, this research aims to investigate the potential relationtionship between evidentiation of this information and two independent variables, gross margin and number of pages. Content Analysis was adopted in the management report and report notes of the year 2011. The analysis was based on the strategic cost management framework developed by Wrubel et al. (2010. The sample selected includes the ten largest non financial organizations, according to their total assets. Despite the fact that publishing the value chain management is not compulsory, it was observed that the businesses studied present on average 30 sentences regarding the topic in their reports. The category internal and external value chain activities represents 54.58% of the total sentences found. It has been found that there is a significant positive correlation between the amount of sentences disclosed and page number of reports, however, it was found that the same does not occur when attempted to correlate the gross margin. As a consequence, the hypothesis that gross margin could be a motivation for higher volume of information regarding value chain was not confirmed.

  1. Patient and consumer organisations at the European Medicines Agency : financial disclosure and transparency

    NARCIS (Netherlands)

    Perehudoff, Katrina; Teresa, Alves

    2010-01-01

    Background: The transparency criteria adopted by the European Medicines Agency require eligible patient and consumer organisations to disclose the names and contributions of their public and private revenue sources. Despite various transparency initiatives, the exact funding sources of, and amounts

  2. 上市公司财务报告网上披露的研究%Research on the Online Disclosure of Financial Report of Listed Companies

    Institute of Scientific and Technical Information of China (English)

    杨彦开

    2012-01-01

    随着互联网的普及,上市公司财务报告的网上披露已成为一种新的披露方式,财务报告的网上披露具有公开性、动态性、时效性、全面性、可靠性等特点。但在新的网络环境下,财务报告网上披露也还存在一定的缺陷,因此必须要加强对上市公司财务报告网上披露的研究,以推动其在我国进一步的发展。%With the popularity of the Internet technology,online disclosure of the financial reports of listed companies has become a new way to release information.Mobility,openness,effectiveness,comprehensiveness and reliability are some typical characteristics of the online disclosure system.But,in the new Internet environment,this system has its limitations.Therefore,research must be reinforced on online disclosure of the financial reports of listed companies so as to promote its further development in China.

  3. SEC actions compel new focus on disclosure.

    Science.gov (United States)

    Jeffery, Heidi H; Bannard, David Y

    2013-11-01

    Practical steps that healthcare organizations should take in creating disclosure programs that meet the Securities and Exchange Commission's guidelines for disclosure include: Establishing procedures for disclosure of financial and operational data; Conducting an internal audit of disclosure practices; Designating personnel responsible for disclosure and ensuring they receive appropriate training; Reassessing the organization's historic deal pattern; Making effective use of counsel; Establishing clearly defined policies for website disclosure.

  4. Disclosure of financial conflicts of interest: an evaluation of orthopaedic surgery patients' understanding.

    Science.gov (United States)

    Lieberman, Jay R; Pensak, Michael J; Kelleher, Michael S; Leger, Robin R; Polkowski, Gregory G

    2013-02-01

    Industry and orthopaedic surgeons often partner to develop new technology, which can lead to orthopaedic surgeons having financial conflicts of interest (FCOI). It is essential these FCOI be conveyed clearly to patients. It is unclear, however, whether and to what degree patients understand the ramifications of physician FCOI. We evaluated (1) patients' concerns regarding their surgeon having FCOI or the presence of institutional FCOI, (2) the effect of surgeon FCOI on patients' willingness to have surgery, and (3) patients' understanding of FCOI. We asked 101 patients (66% female) receiving total joint arthroplasty from the orthopaedic practices of two surgeons at an academic health center to complete a descriptive, correlational designed survey at their 6-week followup appointment. The data collected included patient demographics, knowledge of FCOI, and the influence of FCOI on patient attitudes toward surgery and their surgeon. A minority of patients (13%) reported discussing FCOI with prior physicians and only 55% agreed or strongly agreed a surgeon should disclose FCOI. Only 15% of patients believed such conflicts would make them less likely to have their surgeon operate on them. Level of education was weakly correlated (Spearman's rho = 0.29) with patient understanding of FCOI. Overall, patients had a poor understanding of FCOI. Both level of education and previous discussions of FCOI predicted better understanding. This study emphasizes communication of FCOI with patients needs to be enhanced.

  5. Corruption of pharmaceutical markets: addressing the misalignment of financial incentives and public health.

    Science.gov (United States)

    Gagnon, Marc-André

    2013-01-01

    This paper explains how the current architecture of the pharmaceutical markets has created a misalignment of financial incentives and public health that is a central cause of harmful practices. It explores three possible solutions to address that misalignment: taxes, increased financial penalties, and drug pricing based on value. Each proposal could help to partly realign financial incentives and public health. However, because of the limits of each proposal, there is no easy solution to fixing the problem of financial incentives.

  6. Standard-Setters Versus Big4 Opinion, Concerning Iasb Revision Project of the Conceptual Framework for Financial Reporting. the Case of Presentation and Disclosures Chapter

    Directory of Open Access Journals (Sweden)

    Burca Valentin

    2015-07-01

    Full Text Available On the last decades the accounting system haven‘t been able to follow the dynamics of the economic systems generated by the globalization process. In order to reduce the lag between the demand of financial information and the offer of financial information, IASB has started numerous initiatives aiming the increase on the quality of the financial information. Among the current list of current IASB major projects there is also the project of revising the actual conceptual framework for financial reporting. This study is designed to give some directions that will be considered on the exposure draft of this project, analyzing the comment letters submitted by the members of ASAF and the Big4 as well. The study reveals the increasing importance the preparers and users give to the disclosures included on the notes to the primary financial statements. Moreover, on this study we emphasize several challenges that IASB has to face on issuing the exposure draft for this important project. Some of the main challenges refer to the narrow scope of the financial statements, the criteria used on classification, aggregation and offsetting, or the use of the materiality concept

  7. Firm Traits and Web Based Disclosures in Top Nigerian Firms

    Directory of Open Access Journals (Sweden)

    Bello Ayuba

    2016-02-01

    Full Text Available The use of the internet as a medium of dissemination of information to stakeholders is increasingly gaining grounds. This study extends existing literature on web disclosures by investigating the characteristics that predict the extent of web-based disclosures. In this study, corporate websites of top Nigerian firms are used as sources of data, while a regression analysis is employed to examine the extent of prediction. Results indicate that the firm size and industry type are significant determinants of web disclosures. However, other firm traits such as ownership dispersion and financial performance do not significantly explain the extent of internet disclosures. The study recommends that a regulatory template for corporate web disclosures be put in place by government regardless of the size or industry classification of the firm. This is with a view to considerably reduce agency conflicts arising from information asymmetry in publicly listed firms in Nigeria.

  8. Switching Regime Beta Analysis of Global Financial Crisis: Evidence from International Public Real Estate Markets

    National Research Council Canada - National Science Library

    Kim Hiang Liow; Qing Ye

    2017-01-01

    .... Employing univariate and multivariate switching regime beta models, our results suggest that the public real estate markets examined responded significantly to the financial crisis with a significant...

  9. "985 Project"University Financial Information Disclosure Investigation and Analysis%"985工程"高校财务信息公开现状调查与分析

    Institute of Scientific and Technical Information of China (English)

    严宇

    2015-01-01

    In order to investigate the case of college financial disclosure information, financial information disclosure Pro-moting University forward, the paper 38"985 Project"universities for the survey, by visiting their portals, fees for university education, financial system, budget and final accounts plan, by the use of donated assets, material procurement and project bidding and other financial items were investigated to explain the current situation and problems of college financial infor-mation disclosure, and on how to better improve the college financial information disclosure recommendations.%为了考察高校财务信息公开的情况,推进高校财务信息公开向前迈进,本文以38所"985工程"高校为调查对象,通过访问其门户网站,对高校的教育收费、财务制度、预决算方案、受捐赠资产的使用、物资采购及工程招投标等财务项目进行了调查,阐述了高校财务信息公开的现状及问题,并就如何更好地完善高校财务信息公开提出建议.

  10. Corporate Boards and Ownership Structure as Antecedents of Corporate Governance Disclosure in Saudi Arabian Publicly Listed Corporations

    OpenAIRE

    Al-Bassam, Waleed M.; Ntim, Collins G.; Opong, Kwaku K.; Downs, Yvonne

    2016-01-01

    This study investigate whether and to what extent publicly listed corporations voluntarily comply with and disclose recommended good corporate governance (CG) practices, and distinctively examine whether the observed cross-sectional differences in such CG disclosures can be explained by ownership and board mechanisms with specific focus on Saudi Arabia. Our results suggest that corporations with larger boards, a big-four auditor, higher government ownership, a CG committee and higher institut...

  11. Mandatory Disclosure of Blockholders and Related Party Transactions : Stringent Versus Flexible Rules

    NARCIS (Netherlands)

    McCahery, J.A.; Vermeulen, E.P.M.

    2011-01-01

    Investor confidence in financial markets depends in large part on the existence of an accurate disclosure and reporting regime that provides transparency in the beneficial ownership and control structures of publicly listed companies. Today, a common post-financial crisis regulatory reform theme is

  12. Comparing the Financial Literacy of Public School, Christian School, and Homeschooled Students

    Science.gov (United States)

    Wright, Tricia

    2016-01-01

    The 2008 recession underscored public concern that financial illiteracy has costs that are not limited to the individual who makes poor financial decisions. Considering that college students with limited financial experience are making legally binding decisions, this study explored the personal finance literacy and behavior of Christian college…

  13. Impact of Public Internal Financial Control on Public Administration in Croatia

    Directory of Open Access Journals (Sweden)

    Vesna VAŠIČEK

    2010-04-01

    Full Text Available The PIFC /Public Internal Financial Control/ was developed by the European Commission. PIFC is set of principles internal financial controls system established for the purpose of controlling, auditing, supervise on the use of national budget and European Union budget and funds. Also, in order to support candidate countries in their internal control system reforms in the public sector. Therefore, it is expected for the candidate countries to establish and develop the system of internal financial controls according to the concept which was in that field developed by the European Union based on International Standards and the best practice of European countries. Since the year 2003 the Republic of Croatia undertakes intensive activities on the establishment and development of the internal financial control system according with the regulation of European Union. In keeping with the set concept, the Republic of Croatia undertook numerous activities during the past six years to create all the necessary assumptions for the establishment and development of the system, including: the adoption of the initial strategic documents; drafting of laws; the creation of organisational capacities and human resources; and the implementation of the system with budget users at central government and local levels. In this paper we will present phases of implementation PIFC in Croatian Public Sector. Through this phases we will show impact that PIFC has on development of New Public Management in Croatia and changes in organizational structure and human resource that are caused during this process. Also, we will give critical opinion of that process and problems which occur during implementation. In this paper we will present approach in implementation of PIFC in Slovenia and Bosnia and Herzegovina and compare this with implementation in Croatia.

  14. Current Situation and Countermeasures on Financial Information Disclosure of Colleges and Universities:a Case Study of Beijing, Shanxi and Jiangsu Provice%中国高校财务信息公开现状与对策分析--以北京市、陕西省和江苏省为例

    Institute of Scientific and Technical Information of China (English)

    孙颖颖

    2015-01-01

    对北京市、陕西省和江苏省的高校展开调查,考察其信息公开网络平台建设及教育收费、财务制度、经费来源、预决算、资金使用、物资采购和招投标等财务项目的公开情况,并将三个省市的财务公开情况加以对比,发现中国高校财务信息公开工作存在平台建设不规范、公开程度不透明、监管激励机制不到位等突出问题。为促进中国高校财务信息公开工作的规范化发展,应打造标准统一的财务信息公开网络平台、健全和完善高校财务信息公开制度、加强高校财务信息公开的监管和激励机制建设。%Based on an investigation of colleges and universities in Beijing, Shanxi and Jiangsu provinces, the paper analyzes network platform construction of information disclosure, education fees, financial system, source of funds, budget and final accounts, use of funds, materials purchasing and bidding of institutions.The paper compares the fi-nancial information disclosure of higher learning in Beijing and two provinces.It is found that there exist problems in financial information in the colleges and universities of these three places such as lack of standardization in the con-struction of network platform, defective regulatory incentive mechanism and untransparency of the public information. To promote standardized development of financial information disclosure, the paper suggests the network platforms of financial information disclosure be constructed with a unified standard, the financial information disclosure system be perfected and supervision and incentive mechanisms construction be strengthened.

  15. Validating a Measure of Friends' Responses to Self-Disclosure in Adolescent Obese and Public School Samples.

    Science.gov (United States)

    Adams, Ryan; Fredstrom, Bridget; Peets, Katlin; Hodges, Ernest V E; Bowker, Julie C; Holleb, Lauren; Gilman, Richard

    2016-04-20

    The goal of the current study was to validate a new measure of the friendship self-disclosure process that assesses the likelihood of disclosing a negative peer experience and expectations for friends' responses to disclosure (EFRD) of this experience. Participants for Study 1 were 572 adolescents (age M = 14.82; 53% female; 66% Caucasian) from a public school sample who completed the self-disclosure survey and a measures of depressive symptoms at one time point. Participants of Study 2 comprised 180 obese adolescents (age M = 12.78; 67% female; 58% African American) from an urban children's hospital. The obese sample completed the self-disclosure survey, as well as measures of friendship quality, peer victimization, and depressive symptoms at two time points, 6 months apart. For both studies, 3 dimensions of EFRD were examined: protection, blame, and negative responses. Each EFRD dimension was replicated across 2 samples, over time, and had good interitem reliability as well as convergent and discriminant validity. In Study 2, high rates of expected negativity (only for boys) and blame (for boys and girls) predicted increases in depressive symptoms. In addition, victimization led to increases in depression for obese adolescents who expected little in the way of protective responses from their friends. In contrast, changes in depression were not predictable from victimization for those who expected friends to use protective responses. EFRD are clearly important mechanisms in the self-disclosure process that may serve to protect against changes in adjustment in response to negative peer experiences, such as peer victimization.

  16. Public-private Partnership in the Context of Realisation of the State Financial Policy

    Directory of Open Access Journals (Sweden)

    Ostapenko Victoriia M.

    2014-02-01

    Full Text Available In the result of the study the article analyses modern tendencies of development of economy of Ukraine. It marks out problems connected with realisation of the state financial policy. It considers the essence of the state financial policy, its directions (such as budget-tax and monetary-credit, structural components and tasks. It emphasises the place of the public-private partnership as an instrument of realisation of the financial policy. It justifies tasks in the process of realisation of goals of the modern financial policy, which could be carried out with the help of the public-private partnership. The prospect of further studies in this direction is formation of practical recommendations on the use of the public-private partnership in the process of realisation of the state financial policy. Further improvement of the public-private partnership is connected with development of efficient mechanisms of its introduction and optimisation of its financial structure.

  17. 49 CFR 801.58 - Records for regulation of financial institutions.

    Science.gov (United States)

    2010-10-01

    ... 49 Transportation 7 2010-10-01 2010-10-01 false Records for regulation of financial institutions... for regulation of financial institutions. Pursuant to 5 U.S.C. 552(b)(8), records compiled for agencies regulating or supervising financial institutions are exempt from public disclosure....

  18. Board and auditor interlocks and voluntary disclosure in annual reports

    NARCIS (Netherlands)

    Braam, G.J.M.; Borghans, L.

    2014-01-01

    Purpose – The purpose of this study is to explore whether interlock ties between the board of directors and the external auditors facilitate the cross-firm diffusion of voluntary disclosures in annual reports. Design/methodology/approach – Using a sample of 149 non-financial companies publicly lis

  19. The relevance of Critical Accounting Theory (CAT) to effectiveness of public financial accountability in emerging economies

    OpenAIRE

    Oluwadare, E; Samy, M

    2015-01-01

    In the past, researchers of financial accountability have relied on Agency and Stewardship theories to explain the phenomena that may hinder the exchange of financial information in the accountability process. This article examines the relevance of CAT to effective public financial accountability.Public sector in developing countries has accountability mechanism that is based onagency model. Accountability mechanism following the assumptions of principal-agent theory will most likely focus on...

  20. Phases of Recognition and Management of Financial Crisis in Public Organizations.

    Science.gov (United States)

    Jones, L. R.

    Based in part on interviews conducted in 32 municipalities, this paper is intended to provide information to public managers, policy analysts, and others on methods for improving the management of retrenchment. A model summarizes how public organizations recognize and attempt to manage financial crises and prolonged financial stress. Some cutback…

  1. 75 FR 4560 - Notice of Public Hearing; Passenger Vessel Financial Responsibility

    Science.gov (United States)

    2010-01-28

    ... Notice of Public Hearing; Passenger Vessel Financial Responsibility AGENCY: Federal Maritime Commission... to receive public testimony concerning the Commission's Passenger Vessel Financial Responsibility... responsibility in the event of nonperformance of a contracted cruise from a U.S. port. Comments received from the...

  2. 77 FR 18826 - Agency Information Collection Activities; Proposed Collection; Comment Request; Financial...

    Science.gov (United States)

    2012-03-28

    ... Collection; Comment Request; Financial Disclosure by Clinical Investigators AGENCY: Food and Drug... notice solicits comments on information collection on financial disclosure by clinical investigators... of information technology. Financial Disclosure by Clinical Investigators (OMB Control Number...

  3. 78 FR 13070 - Guidance for Clinical Investigators, Industry, and Food and Drug Administration Staff: Financial...

    Science.gov (United States)

    2013-02-26

    ..., Industry, and Food and Drug Administration Staff: Financial Disclosure by Clinical Investigators..., Industry, and FDA Staff: Financial Disclosure by Clinical Investigators.'' This guidance is intended to... governing financial disclosure by clinical investigators. This guidance provides FDA's responses to the...

  4. Effect of a Publicly Accessible Disclosure System on Food Safety Inspection Scores in Retail and Food Service Establishments.

    Science.gov (United States)

    Choi, Jihee; Scharff, Robert L

    2017-07-01

    The increased frequency with which people are dining out coupled with an increase in the publicity of foodborne disease outbreaks has led the public to an increased awareness of food safety issues associated with food service establishments. To accommodate consumer needs, local health departments have increasingly publicized food establishments' health inspection scores. The objective of this study was to estimate the effect of the color-coded inspection score disclosure system in place since 2006 in Columbus, OH, by controlling for several confounding factors. This study incorporated cross-sectional time series data from food safety inspections performed from the Columbus Public Health Department. An ordinary least squares regression was used to assess the effect of the new inspection regime. The introduction of the new color-coded food safety inspection disclosure system increased inspection scores for all types of establishments and for most types of inspections, although significant differences were found in the degree of improvement. Overall, scores increased significantly by 1.14 points (of 100 possible). An exception to the positive results was found for inspections in response to foodborne disease complaints. Scores for these inspections declined significantly by 10.2 points. These results should be useful for both food safety researchers and public health decision makers.

  5. Effects of disclosure on business compliance: a framework for the analysis of disclosure regimes

    NARCIS (Netherlands)

    J.G. van Erp (Judith)

    2007-01-01

    textabstractDisclosure of inspection results not only contributes to consumer empowerment, but also affect company compliance. Disclosure stimulates compliance because fear of bad publicity serves as a deterrent for violations. However, excessively stigmatic disclosure can become counter-productive

  6. Effects of disclosure on business compliance: a framework for the analysis of disclosure regimes

    NARCIS (Netherlands)

    J.G. van Erp (Judith)

    2007-01-01

    textabstractDisclosure of inspection results not only contributes to consumer empowerment, but also affect company compliance. Disclosure stimulates compliance because fear of bad publicity serves as a deterrent for violations. However, excessively stigmatic disclosure can become counter-productive

  7. INDICATORS OF THE ECONOMIC AND FINANCIAL PERFORMANCE FOR THE PUBLIC UNIVERSITIES IN ROMANIA

    Directory of Open Access Journals (Sweden)

    Cristina-Petrina Trincu-Dragusin

    2016-12-01

    Full Text Available Quantifying the economic and financial performance in public universities represents a current, very interesting and quite a controversial matter of debate given that the accounting information realm is not sufficient explored through the financial analysis. The paper focuses on the ways of measuring the economic and financial performance in public universities in Romania, having as main purpose to provide a set of assessing indicators, by adapting the financial analysis paradigm existing for the private sector, to the public sector particularities. The specific objectives refer to the rentability, self-financing capacity, efficiency of the university expenditures and risk analysis, and the research approach is developed in the context in which either the national law or the international one do not regulate specific indicators for the economic and financial performance analysis within the public sector institutions

  8. 衍生金融工具会计信息披露质量影响因素研究%TheInfluence Factors on Derivative Financial Instruments Accounting Information Disclosure Quality

    Institute of Scientific and Technical Information of China (English)

    陈雪; 于兆河

    2014-01-01

    At present,the derivative financial instrument to accounting information disclosure quality is not optimistic. Because the development of derivative market in China is not mature,the relevant rules formulated should be improved. Firstly,the influencing factors on the quality of the derivative financial instrument to accounting information disclosure were researched .Secondly,the relationship between the influencing factors and disclosure quality was determined based on the analysis.Finally,the results made enterprises improve the quality of derivative financial instruments to accounting information disclosure and stakeholders support the proper use of derivative financial instruments accounting information.%目前,衍生金融工具会计信息的披露质量不容乐观,其原因是我国衍生金融工具市场发展不成熟,各项相关准则还有待完善。从可能影响衍生金融工具会计信息披露质量的因素入手,通过分析研究,确定了影响因素与披露质量的关系。研究结果可为企业提高衍生金融工具会计信息的披露质量以及利益相关者正确使用衍生金融工具会计信息提供支持。

  9. 论金融商品交易业者的说明义务%On Duty of Information Disclosure of Businesses of Financial Commodity Transaction

    Institute of Scientific and Technical Information of China (English)

    黄爱学

    2012-01-01

    The duty of information disclosure means that businesses of financial commodity transaction should fully disclose relevant information that should be understood by investors, including information about them- selves, risk of financial commodity and conflicts of interest when they provide investment service. The duty of information disclosure is the specific embodiment of integrity and fairness and it is a statutory obligation. It aims to regulate the operation of businesses of financial commodity transaction, compensate investors for the information asymmetry, and protect interests of investors. International Organization of Securities Commis- sions and the European Union and Japan and South Korea and other countries have stipulated clearly its con- tents and requirements. Moreover, Japan and South Korea have stipulated civil compensation liability for breach of obligations of information disclosure in the form of the statute.%说明义务是指金融商品交易业者在为投资者提供投资服务时应充分披露相关信息,主要包括金融商品业者的有关信息、金融商品的风险特性以及利益冲突等,并以投资者理解为目的。说明义务是诚信、公正价值的具体化,是法定义务。其目的在于规范金融商品交易业者的行为,弥补投资者信息上的不对称,保护投资者的利益。国际证监会组织以及欧盟和日韩等国立法对说明义务的内容和要求作了明确规定,而且日本和韩国以成文法的形式规定了违反说明义务的民事赔偿责任。

  10. Prudence in public institutions management: the strategic financial ...

    African Journals Online (AJOL)

    Essentially, strategic financial efficiency advocacy in portfolio analysis and ... constructive optimization of risks with a view to attracting returns in relation to ... In project analysis settings, total quality cash flow control and operational/strategic ...

  11. Financial statistics of major U.S. publicly owned electric utilities 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-12-01

    The 1997 edition of the ``Financial Statistics of Major U.S. Publicly Owned Electric Utilities`` publication presents 5 years (1993 through 1997) of summary financial data and current year detailed financial data on the major publicly owned electric utilities. The objective of the publication is to provide Federal and State governments, industry, and the general public with current and historical data that can be used for policymaking and decisionmaking purposes related to publicly owned electric utility issues. Generator (Tables 3 through 11) and nongenerator (Tables 12 through 20) summaries are presented in this publication. Five years of summary financial data are provided (Tables 5 through 11 and 14 through 20). Summaries of generators for fiscal years ending June 30 and December 31, nongenerators for fiscal years ending June 30 and December 31, and summaries of all respondents are provided in Appendix C. The composite tables present aggregates of income statement and balance sheet data, as well as financial indicators. Composite tables also display electric operation and maintenance expenses, electric utility plant, number of consumers, sales of electricity, operating revenue, and electric energy account data. The primary source of publicly owned financial data is the Form EIA-412, ``Annual Report of Public Electric Utilities.`` Public electric utilities file this survey on a fiscal year basis, in conformance with their recordkeeping practices. The EIA undertook a review of the Form EIA-412 submissions to determine if alternative classifications of publicly owned electric utilities would permit the inclusion of all respondents. The review indicated that financial indicators differ most according to whether or not a publicly owned electric utility generates electricity. Therefore, the main body of the report provides summary information in generator/nongenerator classifications. 2 figs., 101 tabs.

  12. Using social media for community consultation and public disclosure in exception from informed consent trials.

    Science.gov (United States)

    Stephens, Shannon W; Williams, Carolyn; Gray, Randal; Kerby, Jeffrey D; Wang, Henry E; Bosarge, Patrick L

    2016-06-01

    The US Food and Drug Administration and the Department of Health and Human Services outline regulations allowing an exception from informed consent (EFIC) for research conducted in an emergency setting. Acute care clinical trials using EFIC must include community consultation and public disclosure (CC/PD) activities. We describe our experience using social media to facilitate the CC/PD process in two trauma resuscitation clinical trials. We conducted local CC/PD activities for two multicenter trauma clinical trials, Pragmatic, Randomized Optimal Platelet and Plasma Ratios (PROPPR) and Prehospital Tranexamic Acid Use for Traumatic Brain Injury (ROC-TXA). As part of the CC/PD process, we developed research study advertisements using the social media Web site Facebook. The Facebook advertisements directed users to a regional study Web site that contained trial information. We targeted the advertisements to specific demographic users, in specific geographic areas. We analyzed the data using descriptive statistics. During the study periods, the PROPPR Facebook advertisement was displayed 5,001,520 times (12 displays per target population) with 374 individuals selecting the advertisement. The ROC-TXA Facebook advertisement was displayed 3,806,448 times (8 per target population) with 790 individuals selecting the advertisement. Respondents to both Facebook advertisements were mostly male (52.6%), with the highest proportion between the ages 15 years and 24 years (28.2%). Collectively, 26.9% of individuals that clicked on the Facebook advertisement spent more than 3 minutes on the study Web site (3-49 minutes). Commonly accessed Web pages were "contact us" (PROPPR, 5.5%; ROC-TXA, 7.7%), "study-specific FAQs" (PROPPR, 2.4%; ROC-TXA, 6.7%), and "opt out of research" (PROPPR, 2.5%; ROC-TXA, 3.8%). Of 51 total individuals viewing the opt out of research information (PROPPR, 19; ROC-TXA, 32), time spent on that specific page was modest (PROPPR, 62 seconds; ROC-TXA, 55 seconds

  13. Utilizing Social Media for Community Consultation and Public Disclosure in Exception from Informed Consent Trials

    Science.gov (United States)

    Stephens, Shannon W.; Williams, Carolyn; Gray, Randal; Kerby, Jeffrey D.; Wang, Henry E.; Bosarge, Patrick L.

    2016-01-01

    Background The U.S. Food and Drug Administration and Department of Health and Human Services outline regulations allowing an Exception From Informed Consent (EFIC) for research conducted in an emergency settings. Acute care clinical trials utilizing EFIC must include community consultation and public disclosure (CC/PD) activities. We describe our experience using social media to facilitate the CC/PD process in two trauma resuscitation clinical trials. Methods We conducted local CC/PD activities for two multicenter trauma clinical trials, Pragmatic, Randomized Optimal Platelet and Plasma Ratios (PROPPR) and Prehospital Tranexamic Acid Use for Traumatic Brain Injury (ROC TXA). As part of the CC/PD process, we developed research study advertisements using the social media website Facebook. The Facebook advertisements directed users to a regional study website that contained trial information. We targeted the advertisements to specific demographic users, in specific geographic areas. We analyzed the data using descriptive statistics. Results During the study periods, the PROPPR Facebook advertisement was displayed 5,001,520 times, (12 displays per target population) with 374 individuals selected the advertisement. The ROC-TXA Facebook advertisement was displayed 3,806,448 times (8 per target population) with 790 individuals selecting the advertisement. Respondents to both Facebook advertisements were mostly male (52.6%), with the highest proportion between the ages 15-24 (28.2%). Collectively, 26.9% of individuals that clicked on the Facebook advertisement, spent > 3 minutes on the study website [3min – 49 min]. Commonly accessed webpages were “Contact Us” (PROPPR 5.5%, TXA 7.7%), “Study-specific FAQs” (PROPPR 2.4%), ROC-TXA 6.7%) and “Opt-Out of Research” (PROPPR 2.5%, ROC-TXA 3.8%). Of 51 total individuals viewing the opt-out of research information (PROPPR 19, ROC-TXA 32), Time spent on that specific page was modest (PROPPR 62 seconds, ROC-TXA 55

  14. Challenges for the Romanian Public Pensions System in the Current Economic and Financial Crisis

    Directory of Open Access Journals (Sweden)

    Anca Sava

    2010-12-01

    Full Text Available This paper aims to address the challenges for the Romanian public pensions system in the current economic and financial crisis. Firstly, are presented the defining indicators of the Romanian public pension system, such as number of pensioners, the number of taxpayers, the dependency ratio pensioners/contributors, public pension expenditure as a percentage of GDP, etc. The article illustrates the challenges regarding the sustainability of the pension system to the aging population and the main predictions of specialized financial institutions on public pension expenditure for the next period. It also presents the current abuses of public pension system and the measures taken by the Romanianauthorities to reform it.

  15. THE FINANCIAL CRISIS AND ITS IMPLICATIONS ON THE PUBLIC DEFICIT OF THE EU COUNTRIES

    Directory of Open Access Journals (Sweden)

    Nichita Ramona-Anca

    2011-07-01

    Full Text Available In this paper, the authors make an analysis of the second wave of the actual World Financial Crisis. They present the consequences of the first wave of the World Financial Crisis, namely the Banking Crisis, on the EU countries public debts.

  16. 78 FR 69413 - Meeting of the Environmental Financial Advisory Board; Public Meeting

    Science.gov (United States)

    2013-11-19

    ... meeting is to hear from informed speakers on environmental finance issues, proposed legislation, and EPA... From the Federal Register Online via the Government Publishing Office ENVIRONMENTAL PROTECTION AGENCY Meeting of the Environmental Financial Advisory Board; Public Meeting AGENCY:...

  17. 77 FR 56840 - Meeting of the Environmental Financial Advisory Board-Public Notice

    Science.gov (United States)

    2012-09-14

    ... informed speakers on environmental finance issues, proposed legislation, and EPA priorities; to discuss... From the Federal Register Online via the Government Publishing Office ENVIRONMENTAL PROTECTION AGENCY Meeting of the Environmental Financial Advisory Board--Public Notice AGENCY:...

  18. Full disclosure of financial costs and options to patients: the roles of race, age, health insurance, and usual source for care.

    Science.gov (United States)

    O'Toole, Thomas P; Arbelaez, Jose J; Dixon, Bruce W

    2004-02-01

    The objective was to identify factors associated with financial discussions and financial disclosure of medical costs within a low-income urban community. The method used was a cross-sectional community-based survey in Allegheny County, Pennsylvania. The survey was conducted door-to-door and at area food pantries. Two hundred and twenty six adults were interviewed. Overall, 76.1% reported having a usual source for care and 73.0% had health insurance. Thirty nine and four tenths percent reported having been asked about their ability to pay for health services; this was more common among African Americans (OR 5.2; 95% CI 1.73-15.84), those with no health insurance (OR 4.3; 95% CI 1.01-17.89), and those less than 45 years old (OR:2.9; 95% CI 1.03-8.28). Only 10.6% reported being told how much a health visit would cost. Overall, 30.1% reported their provider made payment allowances for medical bills, with white respondents 2.5 times more likely and those persons identifying an ambulatory site for care 2.6 times more likely to report this. Overall, 30.5% reported being referred to a collection agency for unpaid medical bills; this was 2.4 times more common among those individuals identifying a non-ambulatory usual site for care. Significant race and socio-economic disparities exist in discussions about and access to financial resources to pay for medical care. Expanding the availability of financial assistance is critical to improving access to health care.

  19. The Islamic Republic of Iran : Report on Public Financial Management, Procurement, and Expenditure Systems in Iran

    OpenAIRE

    World Bank

    2005-01-01

    This review aims to describe, and to the extent possible, analyze public expenditure management systems in Iran, including those involved in budget formulation and execution, financial management, procurement, and oversight (but not the management of the civil service). As such, it contains elements of a Public Expenditure Review, a Country Financial Accountability Assessment, and a Country Procurement Assessment Report. The report stops short of recommending additional or different reforms o...

  20. Analyze on the Influence Factors of Public Company’s Environmental Information Disclosure%上市公司环境信息披露影响因素分析

    Institute of Scientific and Technical Information of China (English)

    黄茜

    2014-01-01

    选取我国619家重污染行业上市公司2008-2012年的数据,运用“内容分析法”对环境信息披露的影响因素进行实证分析。分析发现:(1)流通股比例越高,企业披露的环境会计信息越充分;(2)相比公司盈利能力和财务杠杆对上市公司环境信息披露的影响,公司规模对上市公司环境信息披露的影响更显著一些;(3)股权集中度与上市公司环境信息披露呈正相关关系。%Based on the data from 2008 to 2012, this paper selects 619 public companies which belong to the heavy pollution in-dustry in China, using “the content analysis”to make an empirical analysis about the influence factors of the environmental infor-mation disclosure. The research finds that (1) the higher the rate of circulating shares, the more adequate the equity concentration;(2) comparing to the influence of profitability and financial leverage, the company size’s effect on the environmental information disclosure of public company is more remarkable; (3) the ownership concentration and environmental information disclosure of public company are positively correlated.

  1. International Financial Institution Policies of Conditionality and Public Pedagogy

    Science.gov (United States)

    MacPhail, Scott; McGray, Robert

    2014-01-01

    Conditionalities are most broadly defined as the provisos that are to be met by a country when borrowing money from the International Financial Institutions (IFIs). Increasingly, they have proven to have far reaching consequences for countries entering into agreements with The World Bank, the International Monetary Fund, and the World Trade…

  2. International Financial Institution Policies of Conditionality and Public Pedagogy

    Science.gov (United States)

    MacPhail, Scott; McGray, Robert

    2014-01-01

    Conditionalities are most broadly defined as the provisos that are to be met by a country when borrowing money from the International Financial Institutions (IFIs). Increasingly, they have proven to have far reaching consequences for countries entering into agreements with The World Bank, the International Monetary Fund, and the World Trade…

  3. Financial statistics of major U.S. publicly owned electric utilities 1995

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-07-01

    The 1995 Edition of the Financial Statistics of Major U.S. Publicly Owned Electric Utilities publication presents 5 years (1991 through 1995) of summary financial data and current year detailed financial data on the major publicly owned electric utilities. The objective of the publication is to provide Federal and State governments, industry, and the general public with current and historical data that can be used for policymaking and decisionmaking purposes related to publicly owned electric utility issues. Generator (Tables 3 through 11) and nongenerator (Tables 12 through 20) summaries are presented in this publication. Five years of summary financial data are provided (Tables 5 through 11 and 14 through 20). Summaries of generators for fiscal years ending June 30 and December 31, nongenerators for fiscal years ending June 30 and December 31, and summaries of all respondents are provided in Appendix C. The composite tables present aggregates of income statement and balance sheet data, as well as financial indicators. Composite tables also display electric operation and maintenance expenses, electric utility plant, number of consumers, sales of electricity, and operating revenue, and electric energy account data. 9 figs., 87 tabs.

  4. Legal Regulation Of The Public Financial Control In Russian Empire Of The Nineteenth Century

    Directory of Open Access Journals (Sweden)

    Makka I. Dolakova

    2014-12-01

    Full Text Available In the present article the system of state financial control in the Russian Empire creation and development process is researched. Drawbacks in its organization effecting implementation of the financial control activities are shown. In the article it is emphasized that financial control is an important part of the state financial-economic policy. The overall goal for all branches of the state financial control is to ensure that the financial activities of the state, that are activities of formation, distribution and use of centralized and decentralized public funds of monetary resources. At the root of the financial control in the Russian Empire creation was Mikhail Speransky. During rule of the Emperor Nicholas I, activities on the State control (audit were more solid and detailed in the regulatory framework: rules on the account keeping have been established accounts and reports of ministries were established, senatorial audits were held regularly. Large-scale reforms in the mid nineteenth century, including changes in the financial sector, put the question of the state financial control modernization on the agenda. As a result of the state control (audit reform, it turned into the united audit body, with the power of documentary audit in all state institutions in the center and in regions. Specificity of the financial control was in the fact that some departments and agencies have been exempted from the control. These included the Ministry of the yard, spiritual authority, charities. Author concluded that the genuine financial control, which is the control of the representatives of population over the country's budget use in the Russian Empire was not created. It greatly affected the entire financial policy that reduced its effectiveness.

  5. Public Financial Expenditure——A Reflection of the Livelihood Improvement

    Institute of Scientific and Technical Information of China (English)

    Chun Yi

    2008-01-01

    @@ In recent years.China's public finance put social construction high on the agenda and attaches more importance on livelihood insurance and improvement.The 2003-2007 public financial expenditure reflects a fact that the government isputting more emphasis on livelihood andissues concerning the people.

  6. Public debt sustainability in Serbia before and during the global financial crisis

    Directory of Open Access Journals (Sweden)

    Andrić Vladimir

    2016-01-01

    Full Text Available We have analyzed the behaviour of primary fiscal balance and public debt in Serbia before and in the aftermath of the global financial crisis. The results of our analysis are: i public debt to GDP ratioexhibits (near unit root behaviour with an overall upward time trend; ii the response of primary fiscal balance to public debt has been insufficient to mean revert the upward trend in government debt; iii the efforts of the Serbian government to repay the debt principal after the fiscal rule breach have not been persistent, providing empirical support to the fiscal fatigue hypothesis; iv the government budget constraint has deteriorated since the beginning of the global financial crisis; v the response of primary fiscal balance to public debt from the onset of the global financial crisis has dropped more severely in comparison to other European economies.

  7. PARALLELS OF RADIATION- AND FINANCIAL-RISK MANAGEMENT ON PUBLIC ACCEPTANCE

    Energy Technology Data Exchange (ETDEWEB)

    Hogue, M.

    2010-01-04

    The financial collapse of 2007 provides an opportunity for a cross-discipline comparison of risk assessments. Flaws in financial risk assessments bear part of the blame for the financial collapse. There may be a potential for similar flaws to be made in radiological risk assessments. Risk assessments in finance and health physics are discussed in the context of a broader view of the risk management environment. Flawed risk assessments can adversely influence public acceptance of radiological technologies, so the importance of quality is magnified.

  8. Corporate Governance of Financial Institutions

    OpenAIRE

    Mehran, Hamid; Mollineaux, Lindsay

    2012-01-01

    We identify the tension created by the dual demands of financial institutions to be value-maximizing entities that also serve the public interest. We highlight the importance of information in addressing the public’s desire for banks to be safe yet innovative. Regulators can choose several approaches to increase market discipline and information production. First, they can mandate information production outside of markets through increased regulatory disclosure. Second, they can directly moti...

  9. Research on the Internal Control Information Disclosure of Financial Listing Corporation in China%我国金融类上市公司内部控制信息披露问题研究

    Institute of Scientific and Technical Information of China (English)

    李乾杰; 候玉溪

    2015-01-01

    Based on the analysis of the particularity of financial listing Corporation in China, the paper analyzes the depth and depth of financial listing Corporation's internal control information disclosure in 2012, 2014, and finds that the information disclosure of financial listing Corporation is not perfect, supervision and evaluation and correction ability is weak, and information disclosure is not timely.%本文在对我国金融类上市公司特殊性分析的基础上,通过对2012—2014年我国金融类上市公司内部控制信息披露的广度和深度现状分析,发现金融类上市公司存在内部控制信息披露内容不完善、监督评价与纠正能力弱、信息披露不及时的问题,最后从完善内部控制信息披露内容、构建内部控制信息披露有效监管机制、及时准确的披露内部控制信息三方面提出建议,以期降低金融类上市公司信息不对称程度,促进其长期可持续发展.

  10. A burn center paradigm to fulfill deferred consent public disclosure and community consultation requirements for emergency care research.

    Science.gov (United States)

    Blackford, Martha G; Falletta, Lynn; Andrews, David A; Reed, Michael D

    2012-09-01

    To fulfill Food and Drug Administration and Department of Health and Human Services emergency care research informed consent requirements, our burn center planned and executed a deferred consent strategy gaining Institutional Review Board (IRB) approval to proceed with the clinical study. These federal regulations dictate public disclosure and community consultation unique to acute care research. Our regional burn center developed and implemented a deferred consent public notification and community consultation paradigm appropriate for a burn study. Published accounts of deferred consent strategies focus on acute care resuscitation practices. We adapted those strategies to design and conduct a comprehensive public notification/community consultation plan to satisfy deferred consent requirements for burn center research. To implement a robust media campaign we engaged the hospital's public relations department, distributed media materials, recruited hospital staff for speaking engagements, enlisted community volunteers, and developed initiatives to inform "hard-to-reach" populations. The hospital's IRB determined we fulfilled our obligation to notify the defined community. Our communication strategy should provide a paradigm other burn centers may appropriate and adapt when planning and executing a deferred consent initiative. Copyright © 2012 Elsevier Ltd and ISBI. All rights reserved.

  11. Public Sector Financial Management Reform: A Case Study of Local Government Agencies in Indonesia

    Directory of Open Access Journals (Sweden)

    Monir Mir

    2013-12-01

    Full Text Available Indonesia has taken initiatives to reform its public sector financial management. One of the reform agendas was to introduce ‘cash to accrual’ accounting for improved financial reporting. It is expected that improved financial reporting will enhance financial accountabilities of the governmental agencies and will assist both internal and external decision makers whose decisions will be based on the financial reports. However, it has been observed that there is a significant increase in the number of qualified audit reports when these financial reports were audited. This also means that these financial reports are lacking in providing true and fair views on the financial activities of the governmental agencies, thereby not assisting in discharging their accountabilities. This study seeks to answer the question as to why the numbers of qualified audit reports have increased despite the existence of various governmental accounting reform agendas. Based on the in-depth case studies of three Indonesian local governments, it is found that the demand, the supply and the quality assurance of the accounting information outputs in these local governments are not in parity, and this lacking in parties actually has impacted in producing unqualified and usable accounting reports.

  12. 76 FR 71267 - Standardized and Enhanced Disclosure Requirements for Television Broadcast Licensee Public...

    Science.gov (United States)

    2011-11-17

    ... active dialogue with broadcast licensees regarding broadcast service. Among other things, the public... greater public access. The INC Report also recommended requiring that when broadcasters allow advertisers... Public Interest Obligations; Extension of the Filing Requirement for Children's Television...

  13. ROLE OF FINANCIAL INSTITUTIONS IN THE PUBLIC-PRIVATE PARTNERSHIPS DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Ion POTLOG

    2015-12-01

    Full Text Available Public-Private Partnership represents institutional and organizational alliance of the state and business, consisting of financial actors interaction, legal, social and policy oriented joint public and private resources from different sources into a single complex to solve strategic socio-economic problems of country. The aim of the research is to demonstrate the importance of financial institutions in publicprivate partnership projects implementation. Research methodology – in order to achieve the expected results, author applied recognized methods and techniques applied as economic investigations: comparative method, statistical method, logical analysis method. The research results, expressed by knowledge through mentioned field can be applied to improve the process of attracting local and international financial institutions to ensure success in public-private partnerships projects in Republic of Moldova.

  14. Determinants of voluntary carbon disclosure in the corporate real estate sector of Malaysia.

    Science.gov (United States)

    Kalu, Joseph Ufere; Buang, Alias; Aliagha, Godwin Uche

    2016-11-01

    Corporate real estate management holds the tent that risk which is not understood cannot be measured or managed. The effect of global warming on real estate investment and need for climate change mitigation through disclosures by companies of carbon emission information has becomes a sine-qua-non for the management of companies' carbon footprint and reducing its overall effect on global warming. This study applied the structural equation modeling technique to determine the determinants influencing Carbon Disclosure in Real Estate Companies in a developing economy. The analysis was based on 2013 annual reports of 126 property sector companies listed in Malaysia stock exchange market. The model was validated through convergent validity, discriminant validity, composite reliability and goodness of fit. The result reveals that social and financial market were critical determinant factors for carbon disclosure while the economic and institutional factors did not achieve significant effect on voluntary carbon disclosure. The result is consistent with legitimacy theory and agency theories. The implication of this finding is that increase in public education and awareness will enhance community demand for disclosure from companies and they will increase level of disclosure; also as financial institutions consider sustainability practice as a viable investment and term for credit financing, companies will be motivated to increase disclosure. Copyright © 2016 Elsevier Ltd. All rights reserved.

  15. Corporate Governance, Ownership and Financial Distress of Publicly Listed Companies in China

    Institute of Scientific and Technical Information of China (English)

    WangZhen; LiuLi; ChenChao

    2004-01-01

    This paper examines the effects of internal control mechanisms on the financial distress of publicly listed companies in China. Using t-test and Logistic regression analysis, we investigated the following aspects: ownership by top managers and the CEO, the number of directors, the percentage of inside directors, CEO duality, and ownership concentration. The empirical tests indicate a lower probability of financial distress when ownership by top managers and that by the CEO are higher. The evidence also shows that a combination of two parts, the CEO and the chairman of the board, may influence the internal control system of a publicly listed companies.

  16. Steering Capital: Optimizing Financial Support for Innovation in Public Education

    Science.gov (United States)

    Smith, Kim; Petersen, Julie

    2011-01-01

    This paper revisits the central question of how to improve the provision of capital for entrepreneurial change in public education, but emphasizes the innovation ecosystem that surrounds the capital markets. The authors consider capital as one of the most important levers individuals need to align in this innovation ecosystem, but as a force that…

  17. System construction of university financial information disclosure in the network environment%网络环境下高校财务信息披露系统构建

    Institute of Scientific and Technical Information of China (English)

    王雪萍

    2014-01-01

    随着高校建设的不断发展,高校的财务信息披露已成为高校急需解决的问题,改革和完善高校财务披露信息系统的是高校财务人员研究的重要问题。本文在已有的研究基础上,以网络环境为依托,借鉴成功的企业研究成果,对于网络环境下构建高校财务信息披露系统存在的问题和系统构建进行了分析,旨在促进高校网络环境下财务信息披露系统构建的构建和完善。%With the continuous development of the construction of colleges and universities,colleges and universities financial information disclosure has become the urgent need to solve the problem,the reform and improvement of the financial information disclosure system is an important problem in the studyof university financial personnel.In this paper,on the basis of the study,with the network environment, learn from the success of the research enterprise,the problem and the system construction of university financial informationdisclosure system under the environment of network construction is analyzed,in order to build and improve the system of financial information disclosure to promote university under the network environment.

  18. Financial Strategies and Policies to Enhance the Public Building Stock

    Directory of Open Access Journals (Sweden)

    Ferdinando Terranova

    2012-04-01

    Full Text Available The financialisation of the real economy has created parallel markets. Among these that of real estate occupies an important place for its impact on the living standards of the population, on the liveability of cities and on landscapes both urban and rural. The reduction of the public debt is considered the necessary condition to contain the attacks of speculative finance. The need to raise cash in addition to fiscal income turns to enhancing the economic use of public building stock, either under the form of lease or of transfer. The community finds itself deprived of assets accumulated over time with great sacrifice and used primarily for social purposes. Opposing the privatization of state property is possible, as is exploiting them for a social use of common assets.

  19. 32 CFR 700.1121 - Disclosure, publication and security of official information.

    Science.gov (United States)

    2010-07-01

    ... assistance to a foreign power; nor shall any person in the Department of the Navy make any public speech or... the United States. The regulations concerned with the release of information to the public through any... departmental regulation. (d) Any person in the Department of the Navy receiving a request from the public for...

  20. "Not Just for the Money?" How Financial Incentives Affect the Number of Publications at Danish Research Institutions

    DEFF Research Database (Denmark)

    Andersen, Lotte Bøgh; Pallesen, Thomas

    2008-01-01

    Do public employees work "for the money?" Do financial incentives determine their work effort? The literature gives conflicting answers, but Frey (1997) offers a possible explanation: If financial incentives are perceived as supportive, they can "crowd in" intrinsic motivation and increase the work...... effort. But if financial incentives are perceived as controlling, the intrinsic motivation is "crowded out," and the work effort decreases with increasing financial incentives to work. However, the empirical evidence concerning Frey's proposition is limited, and our article aims to fill part of this gap...... that the more supportive employees consider the incentives to be, the more financial incentives motivate researchers to increase publication....

  1. Building lease: a new financial opportunity for public infrastructures

    Directory of Open Access Journals (Sweden)

    Aldo Norsa

    2012-04-01

    Full Text Available The building lease is a new tool available to the government to finance public ‘cold’ infrastructures which allows to spread the investment over several years. Some major projects have recently been funded with this solution which can be used for both new works and for interventions on the existing buildings. The use of the building lease on existing assets (such as renovations or restorations, however, is still very rare, because of the need to «sale and lease back» the building concerned.

  2. Managing the financial challenges of public-private collaboration.

    Science.gov (United States)

    Kirk, R

    1995-01-01

    With the growing emphasis on Medicaid managed care waivers as a method for states to constrain healthcare cost overruns (see also State Policy Review on page 63), new and creative pricing techniques for carve-out and carve-in programs will be a key to their success. The author builds on his experience in developing a Medicaid behavioral healthcare carve-out in Massachusetts to illustrate some basic principles in the pricing and management of such public-private collaborations. These collaborative systems should be based on specific actuarial models, plans for enhanced access to services and the need to change incrementally in the context of the political process.

  3. 我国上市银行金融创新信息披露的市场反应研究%An Empirical Study on Capital Market Reaction during Disclosure of Commercial Banks’Financial Innovation

    Institute of Scientific and Technical Information of China (English)

    邱晓昂

    2013-01-01

      本文以1991年-2011年间16家上市商业银行披露的金融创新事件作为研究样本,采用事件研究法,分析了金融创新事件信息披露对上市银行股价的影响。从实证的结果来看,目前我国股票市场能够对金融创新信息的披露做出了显著的正反应。证券市场的反应时及时的甚至是超前的,并且在信息披露之前,正的异常收益已经出现,显然金融创新的信息已经被提前泄露了。%The innovation of this paper is that we choose 16 commercial Banks disclosure of financial innovation events as research samples, do research about the reaction of the financial innovation disclosure to reach a conclusion for relevant investors and government as reference. Through analyzing the daily and accumulative abnormal return ratio before and after release of financial innovation, we analyze the market effect of financial innovation.

  4. Implications of Project-Based Funding of Research on Budgeting and Financial Management in Public Universities

    Science.gov (United States)

    Raudla, Ringa; Karo, Erkki; Valdmaa, Kaija; Kattel, Rainer

    2015-01-01

    The main goal of the paper is to explore--both theoretically and empirically--the implications of project-based research funding for budgeting and financial management at public universities. The theoretical contribution of the paper is to provide a synthesized discussion of the possible impacts of project-based funding on university financial…

  5. Implications of Project-Based Funding of Research on Budgeting and Financial Management in Public Universities

    Science.gov (United States)

    Raudla, Ringa; Karo, Erkki; Valdmaa, Kaija; Kattel, Rainer

    2015-01-01

    The main goal of the paper is to explore--both theoretically and empirically--the implications of project-based research funding for budgeting and financial management at public universities. The theoretical contribution of the paper is to provide a synthesized discussion of the possible impacts of project-based funding on university financial…

  6. Qualitative and Quantitative Management Tools Used by Financial Officers in Public Research Universities

    Science.gov (United States)

    Trexler, Grant Lewis

    2012-01-01

    This dissertation set out to identify effective qualitative and quantitative management tools used by financial officers (CFOs) in carrying out their management functions of planning, decision making, organizing, staffing, communicating, motivating, leading and controlling at a public research university. In addition, impediments to the use of…

  7. Qualitative and Quantitative Management Tools Used by Financial Officers in Public Research Universities

    Science.gov (United States)

    Trexler, Grant Lewis

    2012-01-01

    This dissertation set out to identify effective qualitative and quantitative management tools used by financial officers (CFOs) in carrying out their management functions of planning, decision making, organizing, staffing, communicating, motivating, leading and controlling at a public research university. In addition, impediments to the use of…

  8. The Leadership Orientations of Public College and University Chief Financial Officers: A Frame Analysis

    Science.gov (United States)

    Hannah, Charles Russell

    2013-01-01

    The role of the chief financial officer (CFO) is critical to the effective leadership of U.S. four-year public colleges and universities. Self-awareness and the capacity to view situations simultaneously in multiple ways and from different perspectives are essential elements of CFO effectiveness and success in the higher education environment. The…

  9. The Impact of New Technologies in Public Financial Management and Performance: Agenda for Public Financial Management Reformance in the Context of Global Best Practices

    CERN Document Server

    David, Amos

    2008-01-01

    Information and Communication Technologies (ICT) has practically penetrated into all spheres of life. Therefore a closer look at the impact of ICT in public financial management and performance is highly justified. Public finance is defined as a field of economics concerned with paying for collective or governmental activities, and with the administration and design of those activities. Activities will be viewed as services or more precisely as public services. We believe that there is need to consider performance from the perspective of effective performance and the perceived performance. In fact the real or effective performance might not correspond to the perceived performance. A service can be considered from the perspective of the decision-maker, who in our case could be a government or a collectivity. ICT can be employed in the three phases that concern the decision-maker: design, implementation and evaluation. The beneficiaries of a service can employ ICT in any of the three phases - awareness, exploit...

  10. Level of Eletronic Disclosure of Public Accounting of Municipalities of Paraná in the Internet Environment

    Directory of Open Access Journals (Sweden)

    Luciane Maria Gonçalves Franco

    2014-04-01

    Full Text Available The objective is to identify the level of electronic transparency of financial statements in municipal districts, arranged in the internet environment. The research presents descriptive approach, ex-post facto, held in October of 2011. The study is based on legislation and literature of Accounting Science and Public Administration. Among respects, it was found that 81.25 % of municipalities with 50,000 or more inhabitants provide reports of the Fiscal Responsibility Law in their web pages and this figure drops to 29.43% in municipalities with fewer than 50,000 inhabitants. It is a significant number of municipalities that do not use electronics to publicize their acts , corresponding to 70.57 %, or 259 municipalities out of the total surveyed. It is emphasized that transparency of public accounts is of limitations in terms of availability of information, so he will need improvement and viability for the benefit of the results.

  11. Public Governance Quality and Tax Compliance Behavior in Nigeria: The Moderating Role of Financial Condition and Risk Preference

    Directory of Open Access Journals (Sweden)

    James O. Alabede

    2011-06-01

    public governance quality on tax compliance behavior of individual taxpayers as well as the moderating effect of financial condition and risk preference on tax compliance and its determinants. This study extended tax compliance model to incorporate public governance quality and moderating effects of financial condition and risk preference.

  12. 75 FR 34273 - Federal Acquisition Regulation; FAR Case 2008-003, Public Disclosure of Justification and...

    Science.gov (United States)

    2010-06-16

    ... (c) (i.e., other than competitive procedures) to require public availability of the justification and... members of the intelligence community regards the potential security threat from publication of even... the sensitive but unclassified nature of the intelligence business. If this new requirement cannot...

  13. The Government Finance Database: A Common Resource for Quantitative Research in Public Financial Analysis.

    Science.gov (United States)

    Pierson, Kawika; Hand, Michael L; Thompson, Fred

    2015-01-01

    Quantitative public financial management research focused on local governments is limited by the absence of a common database for empirical analysis. While the U.S. Census Bureau distributes government finance data that some scholars have utilized, the arduous process of collecting, interpreting, and organizing the data has led its adoption to be prohibitive and inconsistent. In this article we offer a single, coherent resource that contains all of the government financial data from 1967-2012, uses easy to understand natural-language variable names, and will be extended when new data is available.

  14. Cost Accounting as a Possible Solution for Financial Sustainability of Croatian Public Hospitals

    Directory of Open Access Journals (Sweden)

    Ivana Dražić Lutilsky

    2016-12-01

    Full Text Available The purpose of this paper is to present the current usage of cost accounting methodology in Croatian public hospitals through conducted empirical research and to provide opinions of accountants and financial officers regarding possible implementation of cost accounting methodology in public hospitals. In the paper, the authors analyze the accounting system in Croatian public hospitals, identifying the flaws of the current accounting system with regard to the recording and allocation of costs. National healthcare systems of different European countries provide a theoretical background for the usage of accrual accounting basis and cost accounting methodologies, showing better governance and financial sustainability of public hospitals which have introduced cost accounting methodology. The conducted empirical research shows that accountants and financial officers believe that the healthcare system in Croatia is ready for a change in the current accounting system based on the modified accrual basis through the implementation of accrual accounting basis and full costing approach to cost allocation. Full costing approach is also known as activity-based accounting method for cost allocation. The authors also recommend some initial steps for implementation of the new cost accounting system in Croatian public hospitals.

  15. Changes in the relationship between nursing home financial performance and quality of care under public reporting.

    Science.gov (United States)

    Park, Jeongyoung; Werner, Rachel M

    2011-07-01

    The relationship between financial performance and quality of care in nursing homes is not well defined and prior work has been mixed. The recent focus on improving the quality of nursing homes through market-based incentives such as public reporting may have changed this relationship, as public reporting provides nursing homes with increased incentives to engage in quality-based competition. If quality improvement activities require substantial production costs, nursing home profitability may become a more important predictor of quality under public reporting. This study explores the relationship between financial performance and quality of care and test whether this relationship changes under public reporting. Using a 10-year (fiscal years 1997-2006) panel data set of 9444 skilled nursing facilities in the US, this study employs a facility fixed-effects with and without instrumental variables approach to test the effect of finances on quality improvement and correct for potential endogeneity. The results show that better financial performance, as reflected by the 1-year lagged total profit margin, is modestly associated with higher quality but only after public reporting is initiated. These findings have important policy implications as federal and state governments use market-based incentives to increase demand for high-quality care and induce providers to compete based on quality.

  16. Financial Efficacy of Selected Public and Private Sector Banks in India

    Directory of Open Access Journals (Sweden)

    sakthivadivel Mylsamy

    2013-04-01

    Full Text Available The  banks in India have over 67,000 branches located across the country. All these are classified  into two major categories, non-scheduled banks and scheduled banks. Scheduled banks includes   commercial banks and the co-operative banks. The public sector banks are  accountable  for more than 78 percent of total banking industry in India. Even though private sector banks came later into the market, due to their customer servicing and easy banking features they are also competing equally with already existing public sector banks. so it is very essential to analyze how their financial performance is influenced by number of factors which will further suggest them where they need to concentrate more. in this article we have analyzed the correlation between return on total assets and other financial variables of selected private and public banks in India.

  17. DIFFICULTIES RELATED TO THE FINANCIAL POSITION REPORTING INTO THE PUBLIC SECTOR IN ROMANIA

    Directory of Open Access Journals (Sweden)

    Aurelia ŞTEFĂNESCU

    2014-11-01

    Full Text Available Within the context of a turbulent economic environment with impact on the vulnerability of the public sector entities, the stakeholders’ needs of information are focussed on the assessment of liquidities and their solvency, on the sustenability of service offerring, as well as on the capacity of the entities to answer a dynamic environment in terms of cost, quality and continuity. In this respect, the current study has as objective to identify the difficulties of reporting the financial position into the public sector in Romania. In order to reach the proposed objective, an interpretative research methodology was used. The results of this study has pointed out that the prevalence of divergences between the national view versus IPSAS in terms of reporting the financial position into the public sector limits the informational value and its relevance both for the management of the entities and their stakeholders.

  18. Quantifying a Financially Sustainable Strategy of Public Transport: Private Capital Investment Considering Passenger Value

    Directory of Open Access Journals (Sweden)

    Yunqiang Xue

    2017-02-01

    Full Text Available Releaving traffic congestion by developing public transport as an alternative mode of travel is a common practice all over the world. However, the increasing public transport subsidies have created a financial burden for governments. Encouragingly, private capital supplies an opportunity for public transport in sustainable finance. Previous research mainly focuses on qualitative analysis and money-for-value (MFV analysis. In this paper, a new investment model is proposed based on the concept ‘passenger value’, and a bi-level programming model (BLPM is constructed as a quantitative analysis tool. The upper target of BLPM is the total surplus (including the value of time (VOT of passengers of the public transport system and the upper constraint is the ticket price. The lower target of BLPM is passenger’s surplus, the lower constraints are service capability and the lowest return rate of the private sector. The public transport of Jinan City, China is taken as a case to quantify the impacts of private capital investment in public transport. Results show that the proposed investment model considering passenger value is superior to the traditional one, and effective private capital investment could increase the total societal benefit of the transportation system. The proposed investment strategy satisfies economic viability and is a financially sustainability strategy. Additionally, travelers should be encouraged to use public transport through improving the service quality and passenger returns. Only in this way can the success rate of the private sector investment in public transport be improved efficiently.

  19. Benefit Goal Oriented Information Public System of Public Financial Support for Scientific Research Project%效益目标导向的公共财政支持科研项目信息公开机制探析

    Institute of Scientific and Technical Information of China (English)

    商兰芳

    2013-01-01

      公共财政的公益性特征与资源配置职能决定了其支出不仅要满足社会公共需要与公众公共利益,而且应当符合社会净效益最大化的原则。因此建立在公共财政支持基础上的科研项目理应将效益作为其逻辑起点与目标追求。文章针对当前公共财政支持科研项目的现实起点,指出信息公开是联结两个起点的有效实践通道,并根据当前科研项目的现状,提出构建效益指向的科研项目信息公开机制的对策建议。%Characteristics of public welfare and public finance resource allocation function determines its spending not only to meet the social public needs and the public interest, and shall conform to the principles of net social benefit maximization. Therefore based on public financial support of scientific research project would benefit as the logical starting point and objective pursuit. This article in view of the current public financial support research projects the reality of the starting point, points out that the information is connecting two starting point the effective practice of the channel, and according to the current situation of scientific research project, and puts forward constructing benefit pointing in the direction of the scientific research project of information disclosure mechanism countermeasures.

  20. Product Disclosure Sheet of Islamic Bank in Malaysia: Home Financing

    Directory of Open Access Journals (Sweden)

    Muhammad Fakhirin, C. M.

    2016-12-01

    Full Text Available The diversity of financial products offered by the financial service providers along with the upwards trend of home financing in Malaysia has significant relationship with information disclosure about the products. Consistency in disclosing essential information is aimed at minimizing the mis-selling of financial products to avoid gharar (ambiguity. Therefore, the purpose of this study is to highlight the practice of disclosing information of the home financing products by five major commercial banks in Malaysia which are Maybank Islamic Berhad, CIMB Islamic Bank Berhad, Bank Islam Malaysia Berhad, Public Islamic Bank Berhad, and AmIslamic Bank Berhad. The study employs qualitative method whereby secondary data were gathered from selected Islamic Financial Institutions (IFIs websites. It reports the evaluation of the types of information which have been disclosed in the Product Disclosure Sheet of each product and the comparison between all five banks. Data gathered were analysed using frequencies via SPSS version 20. The findings show that four out of five banks have published the Product Disclosure Sheets (PDSs in their respective websites. The types of information disclosed by all banks slightly vary from each other. However, AmIslamic Bank Berhad appears to be a highly disclosed institution that relates to home financing facility, while Bank Islam Malaysia Berhad disclosed the least information in the PDSs. Besides, CIMB Islamic Bank Berhad is the only bank which did not make the PDSs available in their website.

  1. The sustainability of public debt in Romania in economic and financial crisis

    Directory of Open Access Journals (Sweden)

    Marian Dobranschi

    2010-12-01

    Full Text Available Public finances are key driver in the EU for economic recovery as the debth of the recession and credit constraints require fiscal policy action. This paper emphasis the needed review of public debt and its role in economic development as a particular challenge for emerging economies such as Romania. We explore the most important effects of public debt on economic growth like crowding-out effect, the realtionship between private and public financial transfers, the effect of public debt over GDP growth, inflation and on the sustainability of fiscal policy on the long run. Finnaly we estimate that the composition of public debt can suport debt stabilization and how debt management can stabilize the debt to GDP ratio in face to real returns and outputs growth and thus supports fiscal restraint in ensuring sustainability.

  2. Policymaking to preserve privacy in disclosure of public health data: a suggested framework.

    Science.gov (United States)

    Mizani, Mehrdad A; Baykal, Nazife

    2015-03-01

    Health organisations in Turkey gather a vast amount of valuable individual data that can be used for public health purposes. The organisations use rigid methods to remove some useful details from the data while publishing the rest of the data in a highly aggregated form, mostly because of privacy concerns and lack of standardised policies. This action leads to information loss and bias affecting public health research. Hence, organisations need dynamic policies and well-defined procedures rather than a specific algorithm to protect the privacy of individual data. To address this need, we developed a framework for the systematic application of anonymity methods while reducing and objectively reporting the information loss without leaking confidentiality. This framework acts as a roadmap for policymaking by providing high-level pseudo-policies with semitechnical guidelines in addition to some sample scenarios suitable for policymakers, public health programme managers and legislators.

  3. Working toward financial sustainability of integrated behavioral health services in a public health care system.

    Science.gov (United States)

    Monson, Samantha Pelican; Sheldon, J Christopher; Ivey, Laurie C; Kinman, Carissa R; Beacham, Abbie O

    2012-06-01

    The need, benefit, and desirability of behavioral health integration in primary care is generally accepted and has acquired widespread positive regard. However, in many health care settings the economics, business aspects, and financial sustainability of practice in integrated care settings remains an unsolved puzzle. Organizational administrators may be reluctant to expand behavioral health services without evidence that such programs offer clear financial benefits and financial sustainability. The tendency among mental health professionals is to consider positive clinical outcomes (e.g., reduced depression) as being globally valued indicators of program success. Although such outcomes may be highly valued by primary care providers and patients, administrative decision makers may require demonstration of more tangible financial outcomes. These differing views require program developers and evaluators to consider multiple outcome domains including clinical/psychological symptom reduction, potential cost benefit, and cost offset. The authors describe a process by which a pilot demonstration project is being implemented to demonstrate programmatic outcomes with a focus on the following: 1) clinician efficiency, 2) improved health outcomes, and 3) direct revenue generation associated with the inclusion of integrated primary care in a public health care system. The authors subsequently offer specific future directions and commentary regarding financial evaluation in each of these domains.

  4. 77 FR 8179 - Disclosure to Investors in System-wide and Consolidated Bank Debt Obligations of the Farm Credit...

    Science.gov (United States)

    2012-02-14

    ... investors in, the System. In 2006, we issued a final rulemaking on the governance of System institutions.\\3...: public and corporate finance, financial reporting and disclosure, or accounting procedures.'' The 2006... in fact and perception to investors in System-wide debt securities. We considered these views in...

  5. On Secrecy, Disclosure, the Public, and the Private in Anthropology: An introduction to Supplement 12

    NARCIS (Netherlands)

    Manderson, L.; Davis, M.; Colwell, C.; Ahlin, T.

    2015-01-01

    Anthropology and cognate disciplines have long addressed the complex and troubled relations of public and private life, supplying insight into such matters as identity, politics, and civic life. In the multiple, interconnected settings of an intricately globalized and mediatized twenty-first century

  6. Online Disclosure of University Social Responsibility: A Comparative Study of Public and Private US Universities

    Science.gov (United States)

    Garde Sánchez, Raquel; Rodríguez Bolívar, Manuel Pedro; López-Hernández, Antonio M.

    2013-01-01

    Public and private universities tasked with incorporating principles of social responsibility (SR) into their activities face the multiple challenges of addressing expectations of diverse stakeholders, establishing mechanisms for dialogue, and achieving greater information transparency. This article has two goals: first, to analyze whether SR has…

  7. 基于博弈的企业财务信息披露质量研究%Research on the Quality of the Disclosure of Enterprise's Financial Information based on Game

    Institute of Scientific and Technical Information of China (English)

    王胜洲; 柴美群

    2012-01-01

    财务信息披露质量是资本市场能否正常运营的基础和前提,而财务造假却屡禁不止,给企业正常运营和投资者的投资决策带来严重影响,造成企业与投资者的利益损失。出现这种状况的根本原因在于博弈双方在信息的种类、数量、质量等方面存在严重的信息不对称,管理当局完全有财务造假的动机,通过歪曲财务信息,以期达到更高的期望效用。为此,加强财务信息披露质量监管、完善经理人市场和实现物流、资金流、信息流的"三流"合一成为企业提供客观、真实、对称的财务信息的手段和措施,目的在于通过实现信息对称来提升财务信息披露质量。%The quality of the disclosure of financial information has always been the basis and prerequisite for the normal operation of capital market.The behavior of financial fraud interferes with normal business operations and investment decisions of investors seriously,and result in the interests loss of businesses and investors.The reasons for such a result lie in the two parties' serious asymmetry of information in variety,quantity and quality.Under this situation when the information is asymmetric,the management has the motivation to make false finance to obtain the maximum level of effectiveness expected,by distorting the financial information.To this end,strengthening the supervision of the quality of the disclosure of financial information,improving the market of managers and achieving logistics,capital flow,information flow together are means that enterprise provides objective,real,symmetric financial information.The measures achieve information symmetry,and is an attempt to improve the quality of the disclosure of financial information.

  8. 32 CFR 701.111 - Disclosure accounting.

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 5 2010-07-01 2010-07-01 false Disclosure accounting. 701.111 Section 701.111... THE NAVY DOCUMENTS AFFECTING THE PUBLIC DON Privacy Program § 701.111 Disclosure accounting. Disclosure accounting allows the individual to determine what agencies or persons have been...

  9. DISCLOSURE OF EVIDENCE IN CARTEL LITIGATIONS IN THE EU: IS BALANCE OF VICTIMS’ RIGHTS AND PUBLIC INTERESTS POSSIBLE?

    Directory of Open Access Journals (Sweden)

    N. Mosunova

    2015-01-01

    Full Text Available The research focus is an assessment of disclosure rules in the European Union and a perspective for implementation of the US discovery rules to improve European private enforcement. For these purposes the EU disclosure rules are compared with the US discovery rules; the influence of tension between disclosure of evidence and leniency programme on the effectiveness of protection of information is analyzed in order to propose areas for improvement and solutions to find a balance between some inconsistencies of the EU disclosure rules with interests of European plaintiffs in cartel litigations.The research method is not limited to a doctrinal approach to the EU and US legislation, but includes case law, and secondary sources. This paper does not deal with particular types of evidence and generic issues of disclosure unrelated to the cartel cases.The author contends that the American model of discovery in cartel cases cannot be transferred to the European context completely, even though disclosure of evidence in the EU is rather inefficient, and new rules are unlikely to protect consumers’ interests. In terms of consumers’ interests, protection facilitating follow-on actions looks more relevant on the EU level. Practically, the design of the US disclosure rules and priority of consumers’ rights effectively allow victims from the EU to sue in the US and obtain all necessary documents in the US proceeding. In this context convergence of the US and EU positions on disclosure of leniency materials could bring more certainty both to plaintiffs and defendants in cartel litigations.

  10. Perceptions of conflict of interest disclosures among peer reviewers.

    Directory of Open Access Journals (Sweden)

    Suzanne Lippert

    Full Text Available BACKGROUND: Disclosure of financial conflicts of interest (COI is intended to help reviewers assess the impact of potential bias on the validity of research results; however, there have been no empiric assessments of how reviewers understand and use disclosures in article evaluation. We investigate reviewers' perceptions of potential bias introduced by particular author disclosures, and whether reviewer characteristics are associated with a greater likelihood of perceiving bias. METHODOLOGY/PRINCIPAL FINDINGS: Of the 911 active reviewers from the Annals of Emergency Medicine, 410 were randomly selected and invited to complete our web-based, 3-part survey. We completed descriptive analysis of all survey responses and compared those responses across reviewer characteristics using 2 × 2 analyses and the Fisher exact test. We had a response rate of 54%. The majority of reviewers surveyed reported a high level of skepticism regarding financial relationships between authors and industry without a clear or consistent translation of that skepticism into the self-reported actions that characterize manuscript assessment. Only 13% of respondents believed physician consultants authoring articles based on company data are likely to have unlimited data access. 54% believed that bias most likely exists with any honorarium, regardless of monetary amount. Between 46% and 64%, depending on the type of financial relationship disclosed, reported that their recommendation for publication remains unchanged. Respondents reporting personal financial ties to industry were less likely to perceive bias in industry relationships and less likely to believe that bias exists with any monetary amount of honoraria. CONCLUSIONS: We recommend that the monetary amount of all financial relationships be reported with manuscript submissions, lead authors certify that they have unrestricted access to data, and reviewers disclose any financial ties to industry whether or not they are

  11. DRAWING UP THE FINANCIAL BUDGET IN THE CASE OF A PUBLIC TRANSPORTATION COMPANY

    OpenAIRE

    Sorin Adrian Achim; Monica Violeta Achim; Mirela-Oana Pintea; Alin - Ionel Ienciu

    2008-01-01

    The drawing up of the companies’ budget represents one of the mostimportant instruments through which is accomplished an efficieny management, theevaluation of companies’ performances and personnel motivatio. Public localtransportation companies usually use budgets as comparison benchmarks for theperformances they obtain in their current activity. These bidgets represent anessential part in the unfolding of each company’s activity. This paper presents thedrawing up of the financial budgets wi...

  12. Financial Leverage Behaviour and Firm Performance: Evidence from Publicly Quoted Companies in Nigeria

    Directory of Open Access Journals (Sweden)

    Godsday Okoro Edesiri

    2014-08-01

    Full Text Available This paper scrutinizes financial leverage behaviour and firm performance of publicly quoted companies in Nigeria. Data of Leverage, Profitability and Firm Size were sourced from the Nigerian Stock Exchange Fact-book and Annual Report and Accounts of 120 publicly quoted companies in Nigeria during the period 1990 through 2013. Findings suggest that profitability and firm size had a negative effect on financial leverage behaviour of publicly quoted companies in Nigeria. Thus, it was recommended that firms should carry out projects that would help enhance size and profitability in all aspect of the firm. Size in terms of assets would help increase the internal funding. This in turn will have a positive impact on the financial structure of firm as more of internally generated funds will be used instead of external borrowings. Firms should not assume that making of profit shows good application of leverage as this was not found to be true from the analysis. This implies that the result can be relied upon for policy direction.

  13. The efect of the financial crisis on Croatia’s primary budget deficit and public debt

    OpenAIRE

    2009-01-01

    The basic aim of this article is to consider the effect of the current financial crisis on the movements and sustainability of the public debt in the period up to 2013. It is shown that changes in the public debt come from the effect of the primary deficit created, stockflow adjustment, the real growth of the GDP and real interest rates. On the basis of results of the European Communities (2009) a statistical estimate is given of the trends in the primary deficit for EU-12, after which the mo...

  14. Financial and Legal Characteristics of Cross-Jurisdictional Shared Service Agreements Between Local Public Health Agencies.

    Science.gov (United States)

    Watts, Theresa; Zahner, Susan; Mrochek, Tracy

    2017-03-01

    Cross-jurisdictional sharing is a resource management strategy increasingly being used by local health departments to provide essential and mandated public health services. Cross-jurisdictional shared service agreements (CJSSAs) are the legal documents that govern cross-jurisdictional sharing arrangements. Information on the financial and legal characteristics of CJSSAs is limited. This study described the financial and legal elements of a set of formal, written CJSSAs in one state to offer guidance to practitioners on how to structure the financial and legal elements in CJSSAs. CJSSAs, which included a written statement about the financial commitment governed by the agreement (n = 63), were analyzed. Data collection occurred through 2 structured data extraction tools and structured telephone interviews conducted with local and tribal health department directors. Descriptive statistics of all variables and a single predictor linear regression were performed. The higher population partner to the CJSSA more often provided the public health service and received payment (n = 41; 65%). Financial statements were found to vary by CJSSA characteristic. CJSSAs were more likely to be legally complete when a legal counsel was involved in creating them (odds ratio = 2.74; 95% confidence interval, 2.19-3.29; P ≤ .001). Yet, only 2 (3%) of the CJSSAs described all the legal elements and were considered legally complete. Clearly identifying and including necessary fiscal and legal elements when creating and managing CJSSAs may strengthen agreements and reduce local health department legal and fiscal vulnerabilities. Local health department capacity for planning, coordination, budgeting, management, and evaluation is essential when creating CJSSA. Careful consideration of cost-sharing and consulting with legal counsel could strengthen the CJSSA.

  15. 25 CFR 141.48 - Translation of disclosure statements.

    Science.gov (United States)

    2010-04-01

    ... 25 Indians 1 2010-04-01 2010-04-01 false Translation of disclosure statements. 141.48 Section 141.48 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES BUSINESS... Translation of disclosure statements. Disclosure required by §§ 141.46 and 141.47 shall be made in...

  16. 31 CFR 103.54 - Disclosure.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Disclosure. 103.54 Section 103.54 Money and Finance: Treasury Regulations Relating to Money and Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS General Provisions § 103.54 Disclosure. All reports...

  17. 41 CFR 51-9.202 - Accounting of disclosures.

    Science.gov (United States)

    2010-07-01

    ... 41 Public Contracts and Property Management 1 2010-07-01 2010-07-01 true Accounting of disclosures... RULES 9.2-Disclosure of Records § 51-9.202 Accounting of disclosures. (a) Except for disclosures made pursuant to paragraphs (a) and (b) of § 51-9.201 of this part, an accurate accounting of each...

  18. 76 FR 54770 - Public Meeting: Notification by Capital One Financial Corporation, McLean, VA, To Acquire ING...

    Science.gov (United States)

    2011-09-02

    ... Public Meeting: Notification by Capital One Financial Corporation, McLean, VA, To Acquire ING Bank, FSB, Wilmington, DE, and Indirectly To Acquire Shares of Sharebuilder Advisors, LLC and ING Direct Investing, Inc... Financial Corporation, McLean, Virginia, to acquire ING Bank, FSB, Wilmington, Delaware, and indirectly...

  19. Beyond dose assessment: using risk with full disclosure of uncertainty in public and scientific communication.

    Science.gov (United States)

    Hoffman, F Owen; Kocher, David C; Apostoaei, A Iulian

    2011-11-01

    Evaluations of radiation exposures of workers and the public traditionally focus on assessments of radiation dose, especially annual dose, without explicitly evaluating the health risk associated with those exposures, principally the risk of radiation-induced cancer. When dose is the endpoint of an assessment, opportunities to communicate the significance of exposures are limited to comparisons with dose criteria in regulations, doses due to natural background or medical x-rays, and doses above which a statistically significant increase of disease has been observed in epidemiologic studies. Risk assessment generally addresses the chance (probability) that specific diseases might be induced by past, present, or future exposure. The risk of cancer per unit dose will vary depending on gender, age, exposure type (acute or chronic), and radiation type. It is not uncommon to find that two individuals with the same effective dose will have substantially different risks. Risk assessment has shown, for example, that: (a) medical exposures to computed tomography scans have become a leading source of future risk to the general population, and that the risk would be increased above recently published estimates if the incidence of skin cancer and the increased risk from exposure to x-rays compared with high-energy photons were taken into account; (b) indoor radon is a significant contributor to the baseline risk of lung cancer, particularly among people who have never smoked; and (c) members of the public who were exposed in childhood to I in fallout from atmospheric nuclear weapons tests and were diagnosed with thyroid cancer later in life would frequently meet criteria established for federal compensation of cancers experienced by energy workers and military participants at atmospheric weapons tests. Risk estimation also enables comparisons of impacts of exposures to radiation and chemical carcinogens and other hazards to life and health. Communication of risk with

  20. Financial Statements: Disclosures and Presentations.

    Science.gov (United States)

    1985-12-01

    properties, Company management concluded that the ultimate realizable value of its coal operations was substantially less than its recorded value...expenditures incurred on the Company’s IlUinois coal property and of unrecovered advance royalties recorded on certain Kentucky coal leases. The realizable value of

  1. Spending Disclosure - Fiscal Year 2012

    Data.gov (United States)

    Montgomery County of Maryland — The purpose of this Spending Disclosure Fiscal Year 12 dataset is to allow the public to search and view summary information on payments made to recipients (referred...

  2. 村级财务公开村民满意度及其影响因素分析%Analysis on Villagers' Satisfaction on Village-level Financial Disclosure and Its Influencing Factors

    Institute of Scientific and Technical Information of China (English)

    邓曦东; 卓登

    2016-01-01

    针对村级财务公开村民是否满意的问题,综合运用二元Logistic回归分析法,从村民的角度出发,通过实地问卷调查,抽取恩施州八县市中33个村,实证分析村民对村级财务公开的满意度及其影响因素。分析结果显示,村民整体满意度很低且男性村民满意度更低,同时村民对村财务信息的需求程度、村民的家境情况以及村委会工作的高度对村民满意度有显著的影响。因此,提升财务公开实效性、提升村民家境综合指数和增进村委工作高度将成为提升村民满意度的必要举措。%In view of the question of whether villagers are satisfied with the village-level financial disclosure, this paper uses the binary Logistic regression analysis method, from the point of view of the villagers, through field survey, extracts 33 villages in eight counties of Enshi, to analyze villagers' satisfaction degree on village-level financial disclosure and Its influencing factors. The results show that the villagers' satisfaction is low and the male villagers' satisfaction is lower. Meanwhile, the villagers' demand for village financial information, the villagers' family situation and the village committee's work have a significant impact on villagers' satisfaction. Therefore, to improve the effectiveness of financial disclosure, improve the villagers' family index and improve the work of the village committee will become a necessary measure to enhance the satisfaction of the villagers.

  3. Integrational Models and Forms of Inter-State Public-Private Partnership: Aspects of Financial Convergence

    Directory of Open Access Journals (Sweden)

    ALINA KULAI

    2015-10-01

    Full Text Available In the article we examined the main models and forms of public-private partnership, their role in the socio-economic development and deepening of financial convergence of countries-participants of the partnership. The attention was paid to decentralization of inter-state forms of public-private partnership as the basis of cross-border and transnational partnership. The scientific research, described in this publication, have found their practical application in the realization of the project within Euro-region “Bug”. This project has founded a joined Ukrainian – Polish institution of labor migration administration and also of granting necessary permissions for realization activities within Ukraine.

  4. Financial costs and personal consequences of research misconduct resulting in retracted publications.

    Science.gov (United States)

    Stern, Andrew M; Casadevall, Arturo; Steen, R Grant; Fang, Ferric C

    2014-08-14

    The number of retracted scientific articles has been increasing. Most retractions are associated with research misconduct, entailing financial costs to funding sources and damage to the careers of those committing misconduct. We sought to calculate the magnitude of these effects. Data relating to retracted manuscripts and authors found by the Office of Research Integrity (ORI) to have committed misconduct were reviewed from public databases. Attributable costs of retracted manuscripts, and publication output and funding of researchers found to have committed misconduct were determined. We found that papers retracted due to misconduct accounted for approximately $58 million in direct funding by the NIH between 1992 and 2012, less than 1% of the NIH budget over this period. Each of these articles accounted for a mean of $392,582 in direct costs (SD $423,256). Researchers experienced a median 91.8% decrease in publication output and large declines in funding after censure by the ORI. Copyright © 2014, Stern et al.

  5. FINANCIAL RISKS ASSOCIATED WITH THE GOVERNMENTAL PUBLIC DEBT’S PORTFOLIO

    Directory of Open Access Journals (Sweden)

    MARIANA MAN

    2010-01-01

    Full Text Available The management of public debt is a process strictly connected with and dependent on fiscal and budget policy as well as on monetary policy. Under such circumstances the analysis of governmental public debt’s portfolio is carried out by taking into consideration both the internal macroeconomic evolutions and estimations (economic growth, inflation, budget incomes and the level of budget deficit, monetary conditions and structural reforms –pensions’ reform, the efficiency of capital internal market, and the evolution of world-wide economy influencing Romania’s loan terms on international financial markets. An important component of the management of governmental public debt is the management of the risks connected to debt’s portfolio that involves activities of identification, evaluation, and insurance against various categories of risk.

  6. Lessons learned: Infrastructure development and financial management for large, publicly funded, international trials.

    Science.gov (United States)

    Larson, Gregg S; Carey, Cate; Grarup, Jesper; Hudson, Fleur; Sachi, Karen; Vjecha, Michael J; Gordin, Fred

    2016-04-01

    Randomized clinical trials are widely recognized as essential to address worldwide clinical and public health research questions. However, their size and duration can overwhelm available public and private resources. To remain competitive in international research settings, advocates and practitioners of clinical trials must implement practices that reduce their cost. We identify approaches and practices for large, publicly funded, international trials that reduce cost without compromising data integrity and recommend an approach to cost reporting that permits comparison of clinical trials. We describe the organizational and financial characteristics of The International Network for Strategic Initiatives in Global HIV Trials, an infectious disease research network that conducts multiple, large, long-term, international trials, and examine challenges associated with simple and streamlined governance and an infrastructure and financial management model that is based on performance, transparency, and accountability. It is possible to reduce costs of participants' follow-up and not compromise clinical trial quality or integrity. The International Network for Strategic Initiatives in Global HIV Trials network has successfully completed three large HIV trials using cost-efficient practices that have not adversely affected investigator enthusiasm, accrual rates, loss-to-follow-up, adherence to the protocol, and completion of data collection. This experience is relevant to the conduct of large, publicly funded trials in other disease areas, particularly trials dependent on international collaborations. New approaches, or creative adaption of traditional clinical trial infrastructure and financial management tools, can render large, international clinical trials more cost-efficient by emphasizing structural simplicity, minimal up-front costs, payments for performance, and uniform algorithms and fees-for-service, irrespective of location. However, challenges remain. They

  7. 22 CFR 1003.1 - General policies, conditions of disclosure, accounting of certain disclosures, and definitions.

    Science.gov (United States)

    2010-04-01

    ..., accounting of certain disclosures, and definitions. 1003.1 Section 1003.1 Foreign Relations INTER-AMERICAN... disclosure, accounting of certain disclosures, and definitions. (a) The Inter-American Foundation will... only where an important public policy need for such exemption has been determined pursuant to...

  8. Integrated Financial Management Information Systems: Guidelines for effective implementation by the public sector of South Africa

    Directory of Open Access Journals (Sweden)

    Christoffel J. Hendriks

    2012-02-01

    Full Text Available Background: Integrated Financial Management Information Systems (IFMIS can improve public sector management by providing real-time financial information to managers in order to enhance their decision-making capabilities. The South African Public Service is currently busy with the implementation of an IFMIS. However, the implementation of such a project has proved to be a very demanding undertaking and has not been met with resounding success.Objectives: The research was conducted in order to identify the challenges and risks that are involved in the implementation of the IFMIS in South Africa. After identification of the challenges and risks, solutions or guidelines were developed that may make the implementation more successful.Method: The methodology that was used is that of a literature study where theories were explored and used to solve a research problem. Based on the theoretical research, solutions and guidelines were developed to solve challenges and risks experienced.Results: The results indicated that there are a number of challenges involved with the implementation of an IFMIS. A set of best practice guidelines was developed that may make the implementation more successful.Conclusion: The sheer size and complexity of an IFMIS poses significant challenges and a number of risks to the implementation process. There are, however, critical success factors or best practices that can be used for the project to succeed. It is recommended that these best practices be used by the South African Public Service. 

  9. A NEW APROACH OF CONCEPTUAL FRAMEWORK FOR GENERAL PURPOSE FINANCIAL REPORTING BY PUBLIC SECTOR ENTITIES

    Directory of Open Access Journals (Sweden)

    Nistor Cristina

    2011-12-01

    Full Text Available The importance of accounting in the modern economy is obvious. That is more elevated bodies of the European Union and elsewhere dealing with the organization and functioning of accounting as a fundamental component of business (Nistor C., 2009. The mission of the International Federation of Accountants (IFAC is to serve the public interest, strengthen the worldwide accountancy profession and contribute to the development of strong international economies by initiating and encouraging the professional standards of high quality, the convergence process these international standards and to discuss issues of public interest which is extremely relevant international experience of (IFAC, 2011. Currently, the concepts related to financial reports in public sector are developed by IPSAS references. Many of today's IPSAS are based on international accounting standards (IAS / IFRS, to the extent that they are relevant to the requirements of the public sector. Therefore today's IPSAS are based on concepts and definitions of the IASB's conceptual framework, with changes where necessary for public sector specific approach. Thus this study present this brief draft statement under discussion by the leadership of IFAC in collaboration with other organizations and groups that develop financial reporting requirements of the public sector. Then, we highlight the importance and the degree of acceptance of the project which results from comments received. On the basis of combining qualitative with quantitative research seeks to demonstrate the necessity and usefulness of a common conceptual framework of the International Accounting Standards (in this case the Public Sector, starting from their emergence from presenting their bodies involved in the foundation, the content standards, experience of different countries. The results have direct implications on Romanian public accounting system, given that the reference of the international implementation and reporting is

  10. Financial Instruments. Nature and Extent of Risks

    OpenAIRE

    2011-01-01

    Disclosure is an effective mechanism to expose financial risk management practices to market discipline. Disclosure should be sufficiently comprehensive to meet the needs of users within the constraints of what can reasonably be required. Improved transparency through better disclosure may reduce the chances of a systemic financial crisis or the effects of contagion because creditors and other market participants will be better able to distinguish between the financial circumstances that face...

  11. Evaluation and financial risk management of urban renewal projects in partnership with public and private

    Directory of Open Access Journals (Sweden)

    Ehsan Hassani

    2011-10-01

    Full Text Available Financing plays an important role for renewal of old city building is find suitable financing plan. A proper financial management in one hand has a direct relationship with project main factors such as: time, cost and quality of the project, and on the other hand, achieving project goals requires a comprehensive insight of project, stockholders as well as other relative situation in regard with the project. Considering the complication of execution such projects and the number of shareholders, one of the best attitudes towards the project management is risk management. This research is a qualitative and practical, which reviews the effects of project management factors on financial return of urban renewal sachem. The required information gained through a survey and via questionnaire and interviews with specialists. This article first describes the public private financial partnership and then, based on the results gained from a case study done on one of the renewal schemes in Mashhad metropolitan areas. Next, it identifies and evaluates of positive and negative risks, which lead to threats and opportunities will be performed and will attempt to respond the existent risks. Finally, we provide a framework for the risk assessment of the housing units.

  12. DISCLOSURE VIA WEBSITE CORPORATIVO: UM EXAME DE INFORMAÇÕES FINANCEIRAS E DE GOVERNANÇA NO MERCADO BRASILEIRO

    Directory of Open Access Journals (Sweden)

    Jorge Arnaldo Maluf Filho

    2009-04-01

    Full Text Available The objective of this paper is to analyze the relationship between the voluntary disclosures of relevant information on the websites of a sample of 282 non-financial Bovespa-listed publicly-quoted companies. Based on the relevance of the corporate information (financial and governance assessed by the information intermediaries and that provide the basis for constituting weighted disclosure indices the results suggest that there is more disclosure: i the bigger the firm is and the bigger the return on company shares; ii in companies that have a special type of corporate governance; iii for those categories of corporate information that are more requested by the rating agencies and by stock brokers; iv in companies with larger debts.

  13. The Effect Of Intangible Asset Financial Performance And Financial Policies On The Firm Value

    Directory of Open Access Journals (Sweden)

    Rindu Rika Gamayuni

    2015-01-01

    Full Text Available Abstract The purpose of this study is to test empirically the relationship between intangible assets financial policies and financial performance to the firm value at going-public company in Indonesia. Path analysis was used to ascertain the relationship between intangible assets financial policies financial performance and firm value at going-public company in Indonesia in the year 2007 to 2009. This study also provides empirical evidence that Intangible assets financial policies financial performance have significant influence to the firm value simultaneously. Intangible assets has no significant influence to financial policies but has positive and significant influenced to financial performance ROA and firm value. Debt policies and financial performance ROA influenced firm value positive and significant. Financial statements limitation in measuring and disclosing intangible assets is the cause of significant difference between book value equity and market value equity. Measurement and disclosure of intangible assets intellectual capital precisely and aqurately is very important because intangible assets have a positive and significant effect to the firm value. Accounting standards should be concerned about this.

  14. Best in class: Public finances in Sweden during the financial crisis

    Directory of Open Access Journals (Sweden)

    Bergman Michael

    2011-01-01

    Full Text Available This paper studies why public finances in Sweden have remained very strong during the current financial crisis. Unlike almost all other European countries, Sweden has had budget surpluses and a government debt ratio around 40 percent of GDP during the recent crisis. We attribute this to two important factors. First, Sweden entered the crisis with strong public finances and second that unemployment did not rise as much as normally during recessions. The Swedish fiscal framework that was introduced after the banking crisis in the early 1990s with expenditure ceilings, a top-down budget process, balanced budget requirement for local governments has played an important role. We show that the behavior of budget deficits has changed significantly recently, from a deficit bias to a surplus bias. Aggregate demand remained strong during the crisis even though exports fell sharply. As unemployment in the manufacturing sector increased, it was to a large extent offset by increased employment in the service sector.

  15. The Determinants Of Government Financial Reports Online

    Directory of Open Access Journals (Sweden)

    María del Carmen CABA PEREZ

    2014-06-01

    Full Text Available The disclosure of financial documents can be extremely significant for improving information transparency as part of the management of financial resources to render public sector services. Therefore, this research focuses on the role played by new technologies in this respect, particularly in promoting the transparency of financial information documents and on the key determinants to make financial documents available on the World Wide Web. To achieve this aim, an empirical test is made of models we propose, to discover whether the national websites of OCDE countries are using the Internet to provide citizens with governmental budgetary transparency and whether this disclosure is influenced by socio-economic factors. The results of the study confirm that factors previously found to be important in paper-based reporting, such as education level, population, internet access or fiscal pressure seem to have no influence on the public financial information disclosed on the Internet. Only debt seems to be a relevant factor in the degree of information transparency achieved via the Internet for accountability documents.

  16. The Determinants Of Government Financial Reports Online

    Directory of Open Access Journals (Sweden)

    María del Carmen CABA PEREZ

    2014-11-01

    Full Text Available The disclosure of financial documents can be extremely significant for improving information transparency as part of the management of financial resources to render public sector services. Therefore, this research focuses on the role played by new technologies in this respect, particularly in promoting the transparency of financial information documents and on the key determinants to make financial documents available on the World Wide Web. To achieve this aim, an empirical test is made of models we propose, to discover whether the national websites of OCDE countries are using the Internet to provide citizens with governmental budgetary transparency and whether this disclosure is influenced by socio-economic factors. The results of the study confirm that factors previously found to be important in paper-based reporting, such as education level, population, internet access or fiscal pressure seem to have no influence on the public financial information disclosed on the Internet. Only debt seems to be a relevant factor in the degree of information transparency achieved via the Internet for accountability documents.

  17. 76 FR 38200 - Notice of Submission of Proposed Information Collection to OMB; Public Housing Financial...

    Science.gov (United States)

    2011-06-29

    ... Financial Management Template AGENCY: Office of the Chief Information Officer, HUD. ACTION: Notice. SUMMARY... housing agencies to submit financial information annually to HUD. The Uniform Financial Reporting Standards for HUD housing programs requires that this information be submitted electronically, using...

  18. 76 FR 36565 - Notice of Submission of Proposed Information Collection to OMB; Public Housing Financial...

    Science.gov (United States)

    2011-06-22

    ... Financial Management Template AGENCY: Office of the Chief Information Officer, HUD. ACTION: Notice. SUMMARY... housing agencies to submit financial information annually to HUD. The Uniform Financial Reporting Standards for HUD housing programs requires that this information be submitted electronically, using...

  19. 76 FR 45546 - Public Meeting on Recommendations for Improvement of Student Financial Aid Offer Forms...

    Science.gov (United States)

    2011-07-29

    ... Model Financial Aid Forms AGENCY: Office of Postsecondary Education, Department of Education. ACTION... higher education (including financial aid administrators, registrars, and business officers), and... information regarding the financial aid offered. (6) Any other information the Secretary of...

  20. 7 CFR 248.11 - Financial management system.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 4 2010-01-01 2010-01-01 false Financial management system. 248.11 Section 248.11... § 248.11 Financial management system. (a) Disclosure of expenditures. The State agency shall maintain a financial management system which provides accurate, current and complete disclosure of the financial status...

  1. 7 CFR 249.11 - Financial management system.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 4 2010-01-01 2010-01-01 false Financial management system. 249.11 Section 249.11... § 249.11 Financial management system. (a) Disclosure of expenditures. The State agency must maintain a financial management system that provides accurate, current and complete disclosure of the financial status...

  2. Public's Experience and Improvement in Government Information Disclosure%论政府信息公开中公众的体验及其改善路径

    Institute of Scientific and Technical Information of China (English)

    赵春雷

    2013-01-01

    To fulfill the purpose of government information disclosure depends on public's good experi-ence of the policy implementation. Public's experience of government information disclosure includes such three aspects as:access to the information;the authenticity of the information;and the benefit of the information. These are all determined by the government's behavior,attitude,systems,technolo-gies,and value orientation concerning publicizing its information. But some local governments' nega-tive attitude towards information disclosure,their outdated systems and technologies,and wrong value pursuits have caused the public to form a bad experience of the policy,and government's credibility has consequently been damaged seriously. Therefore,we should better the government's attitude,im-prove relevant systems and technologies,correct government's values,and take other measures to im-prove public's experience and to maintain and strengthen government's credibility.%  政府信息公开目的的实现有赖于公众对其具有良好的体验,公众体验包括信息获取体验、信息真实性体验和利益相关性体验三个方面,分别以政府的行为态度、制度技术和价值取向为保障条件。但当前我国一些政府部门在信息公开工作中态度消极、制度及技术落后、价值取向偏失却导致公众时常产生负面体验,严重削弱了政府公信力,因此在政府信息公开中,应通过改善政府态度、健全相关制度及采用相关技术、纠正政府的价值偏向等措施,来改善公众体验,维护和增强政府公信力。

  3. Accounting Information Disclosure and Dividend Policy from the Perspective of Financial Repression%金融抑制论视角下的会计信息披露与股利政策

    Institute of Scientific and Technical Information of China (English)

    郭露; 范德维; 戴志敏

    2013-01-01

    Accounting information disclosure system and the dividend distribution system as two important systems of securi-ties market, have a key role in promoting the development of the securities market. Compared with the developed countries, these two major systems in China did not play an effective role. Some problems exist, for example, listed companies conceal important adverse information and dividend distribution is formalized. This article regards financial repression theory as the guiding ideology, the relationship between accounting information disclosure and dividend distribution as the object of study, to demonstrate a positive correlation between them from the assumption of free financial markets and from a theoretical study;then the paper uses two indicators of accounting information disclosure index and the dividend payout ratio for empirical analy-sis of their relationship,and points out that in practice both are in isolation and there is no contact. Finally,with financial re-pression theory, the paper points out the reasons for the difference of theory and empirical analysis. There exists financial re-pression in China's securities market,as an exogenous variable,which affects the background environment of the dividend dis-tribution and the information disclosure, thereby, destroys the equilibrium relationship between two and the correlation also disappears.%会计信息披露制度和股利分配制度作为证券市场两大重要制度,对促进证券市场的发展具有关键的作用,与发达国家证券市场相比,我国该两大制度并没有发挥出有效的作用,上市公司隐瞒重大不利信息以及股利分配形式化等问题普遍存在。本文以金融抑制论作为指导思想,以会计信息披露和股利分配两者之间的关系作为研究对象,在自由金融市场假设前提下,从理论研究出发论证了两者之间存在显著的正相关性;接着又运用会计信息披露指数和股利支付

  4. An Outlook of Public Accounting Undergraduate Programs in Colombia Regarding Forensic Auditing and Financial Crime Prevention Contents

    OpenAIRE

    Baracaldo-Lozano, Natalia Andrea; Universidad de la Salle. Universidad Santiago de Chile. ontificia Universidad Javeriana; Daza-Giraldo, Luis Eduardo; Pontificia Universidad Javeriana

    2016-01-01

    Recent cases of economic and financial crimes, financial fraud, corruption, and corporate malpractice in the local and international corporate environment have created the need to have professionals trained to face the challenges related to their investigation and analysis, activities carried out by forensic auditing.This article highlights several key aspects to understand why is important to specifically include forensic auditing as a subject in curricula during the studies of public accoun...

  5. Analysis on the Legal System of Information Disclosure on Transaction of Financial Derivatives%金融衍生品交易信息披露法律制度探析

    Institute of Scientific and Technical Information of China (English)

    王同顺

    2012-01-01

    Financial derivatives have functions of hedging and avoiding risks, meanwhile, they also inevitably have defects of magnifying and spreading risks. There are some faults in legislation, law enforcement and jurisdiction on the information disclosure for the financial derivative transaction. Therefore, We should try our best to improve this system from the following two aspects. On one hand, we ought to learn from developed countries and regions; on the other hand, we should clarify the basic principles of the information disclosure system and take some measures to guarantee transaction safety.%金融衍生品具有规避风险和套期保值的功能,同时也不可避免地带有放大和扩散风险的缺陷。我国的金融衍生交易信息披露制度建设在立法、执法、司法等诸多方面存在不足,加强和完善我国金融衍生交易信息披露法律制度建设,一方面需要借鉴发达国家和地区的有益经验,另一方面则需要立足于我国的实际情况,明确信息披露制度建设的基本原则,落实信息披露制度建设的具体措施,从多个方面来完善我国的相关制度建设。

  6. Government Funding Privileges in European Financial Law : Making Public Debt Everybody's Favourite?

    NARCIS (Netherlands)

    van Riet, Ad

    2016-01-01

    Since the global financial crisis of 2008 European authorities have set out to strengthen financial governance in order to create a more stable and resilient financial system. As discussed in this paper, the new and updated EU legislation addressed at a wide array of financial markets and institutio

  7. Government Funding Privileges in European Financial Law : Making Public Debt Everybody's Favourite?

    NARCIS (Netherlands)

    van Riet, Ad

    2016-01-01

    Since the global financial crisis of 2008 European authorities have set out to strengthen financial governance in order to create a more stable and resilient financial system. As discussed in this paper, the new and updated EU legislation addressed at a wide array of financial markets and

  8. INTELLECTUAL CAPITAL REPORTING AND DISCLOSURE IN THE ANNUAL REPORTS OF ROMANIAN MANUFACTURING LISTED COMPANIES" THEORETICAL FRAMEWORK

    Directory of Open Access Journals (Sweden)

    Farcas Mariana

    2011-07-01

    Full Text Available One of the most researched topic regarding financial reporting and disclosure of today is the way intellectual capital or knowledge assets contributes to the improving of the quality of information disclosed and create or add value to business performance. Also, it is acknowledged that a company has access to a variety of tools for disclosing information on intellectual capital. In our study we have decided to investigate the concept, the measurement models and the intellectual capital disclosure practices using as the source of our documentation books, articles, working papers and online publications. So, in the first part of our research we have presented several points of view in respect to the concept of knowledge assets or intellectual capital and in the second part we have reviewed the literature on the topic highlightening several scholars opinion on reporting and disclosure issues.

  9. Income, financial barriers to health care and public health expenditure: A multilevel analysis of 28 countries.

    Science.gov (United States)

    Kim, Tae Jun; Vonneilich, Nico; Lüdecke, Daniel; von dem Knesebeck, Olaf

    2017-03-01

    International studies have repeatedly shown that people with lower income are more likely to experience difficulties to access medical services. Less is known on why these relations vary across countries. This study investigates whether the association between income and financial barriers to health care is influenced by national public health expenditures (PHE, in % of total health expenditure). Data from the International Social Survey Programme (2011) was used (28 countries, 23,669 respondents). Financial barriers were assessed by the individual experience of forgone care due to financial reasons. Monthly equivalent household income was included as the main predictor. Other individual-level control variables were age, gender, education, subjective health, insurance coverage and place of living. PHE was considered as a macro-level predictor, adjusted for total health expenditure. Statistically significant associations between income and forgone care were found in 21 of 28 examined countries. Multilevel analyses across countries revealed that people with lower income have a higher likelihood to forgo needed medical care (OR: 3.94, 95%-CI: 2.96-5.24). After adjustments for individual-level covariates, this association slightly decreased (OR: 2.94, 95%-CI: 2.16-3.99). PHE did not moderate the relation between income and forgone care. The linkage between health system financing and inequalities in access to health care seems to be more complex than initially assumed, pointing towards further research to explore how PHE affects the redistribution of health resources in different health care systems. Copyright © 2017 Elsevier Ltd. All rights reserved.

  10. [Evaluation of financial status of public hospitals considering the updated costs of their services].

    Science.gov (United States)

    Cid P, Camilo; Bastías S, Gabriel

    2014-02-01

    In 2011 the Chilean National Health Fund (FONASA) commissioned a study to assess the costs of the 120 most relevant hospital care services with an established fee, in a large sample of public hospitals. We herein report the cost evaluation results of such study, considering the financial condition of those hospitals in the year of the study. Based on the premise that the expenses derived from the provision of institutional and appraised hospital services should be identical to the billing of hospitals to FONASA, the prices are undervalued, since they cover only 56% of billing, generating a gap between expenses and invoicing. This gap shows an important limitation of tariffs, since their prices do not cover the real costs. However not all hospitals behave in the same way. While the provision of services of some hospitals is even higher than their billing, most hospitals do not completely justify their invoicing. These assumptions would imply that, generally speaking, hospital debts are justified by the costs incurred. However, hospitals have heterogeneous financial situations that need to be analyzed carefully. In particular, nothing can be said about their relative efficiency if cost estimations are not adjusted by the complexity of patients attended and comparison groups are not defined.

  11. A Review of Economic Factors Influencing Voluntary Carbon Disclosure in the Property Sector of Developing Economies

    Science.gov (United States)

    Kalu, J. U.; Aliagha, G. U.; Buang, A.

    2016-02-01

    Global warming has consequences on the environment and economy; this led to the establishment of United Nation Framework Convention on Climate Change (UNFCCC) and the Kyoto Protocol. These two agreements were to reduce greenhouse gases (GHG) emissions which are responsible for climate change and global warming. Developing countries under the protocol are not obligated to reduce or disclosure GHG emission, so their participation in the protocol is on voluntary mitigation bases. This study intends to examine economic factors that influence voluntary carbon disclosure in the property sub-sector of developing countries based on annual report of listed property companies in Malaysia. Signaling theory addresses the problem of information asymmetry in the society. Disclosure is an effective tool to overcome information imbalance among different market participants. The study hypothesizes that the economic factors that influence voluntary carbon information disclosure in developing countries are: [1] the company's size; this is because a large-sized company have more resources to cover the cost of reducing pollution. [2] The company's gearing status; where there is no sufficient information disclosure in a highly geared company will result to an increased agency cost. [3] Profitability; profits grants companies a pool of resources for mitigation activities and environmental reporting. Also, carbon disclosure acts as a means for achieving public confidence and legitimacy. [4] Liquidity: Companies that are highly liquid will disclosure more information to distinguish themselves from other companies that are less liquidity. This is correlated to environmental disclosure. [5] Financial slack affects companies’ ability to participate in green technology projects that enable a reduction in emission.

  12. 75 FR 475 - Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of...

    Science.gov (United States)

    2010-01-05

    ... Proposed Rule Change To Adopt FINRA Rule 2261 (Disclosure of Financial Condition) in the Consolidated FINRA... Financial Condition to Customers) and NASD Rule 2910 (Disclosure of Financial Condition to Other Members) as... 2270 and NASD Rule 2910, subject to certain amendments, into FINRA Rule 2261 (Disclosure of...

  13. The Study of Disclosure Satisfaction of the Non-financial Indicators Based on the Requirements of Consumers' Interests and Their Realization Ways%基于消费者利益要求及其实现方式的非财务指标披露满意度研究

    Institute of Scientific and Technical Information of China (English)

    刘利

    2011-01-01

    文章从消费者角度出发,对消费者所关注的反映其利益要求和实现方式信息的非财务指标披露的满意度进行了排序研究和分组研究。研究得出结论:消费者对不同类的反映其利益要求和实现方式信息的非财务指标披露的满意度存在显著差异;个体和企业因素产生了消费者同一类非财务指标披露的满意度差异。对满意度低的非财务指标的披露,企业应当改善其披露;对不同类别消费者披露满意度存在显著差异的非财务指标,企业应当特别需要改善披露。%This article carried out the sequencing and grouping research of the disclosure satisfaction of the non-financial indicators reflecting the information of consumers' interest requirements and realization ways concerned about by consumers.The studies have concluded that there are significant differences among consumers' satisfaction about the disclosure of the different types of non-financial indicators reflecting the information of their interest requirements and realization ways.The individual and enterprise factors yield the consumers' satisfaction differences of the same types of non-financial indicators'disclosure.As to the disclosure of the non-financial indicators of the low satisfaction,enterprises should improve their disclosure and should need,in particular,to improve the disclosure about the different types of the non-financial indicators which have significant differences among consumers' disclosure satisfaction.

  14. Econometric analysis on the impact of macroeconomic variables toward financial performance: A case of Malaysian public listed logistics companies

    Science.gov (United States)

    Zakariah, Sahidah; Pyeman, Jaafar; Ghazali, Rahmat; Rahman, Ibrahim A.; Rashid, Ahmad Husni Mohd; Shamsuddin, Sofian

    2014-12-01

    The primary concern of this study is to analyse the impact against macroeconomic variables upon the financial performance, particularly in the case of public listed logistics companies in Malaysia. This study incorporated five macroeconomic variables and four proxies of financial performance. The macroeconomic variables selected are gross domestic product (GDP), total trade (XM), foreign direct investment (FDI), inflation rate (INF), and interest rate (INT). This study is extended to the usage of ratio analysis to predict financial performance in relation to the changes upon macroeconomic variables. As such, this study selected four (4) ratios as proxies to financial performance, which is Operating Profit Margin (OPM), Net Profit Margin (NPM), Return on Asset (ROA), Return on Equity (ROE). The findings of this study may appear non-controversial to some, but it resulted in the following important consensus; (1) GDP is found to be highly impacting NPM and least of ROA, (2) XM has high positive impact on OPM and least on ROE, (3) FDI appear to have insignificant impact towards NPM, and (4) INF and INT show similar negative impact on financial performance, precisely highly negative on OPM and least on ROA. Such findings also conform to the local logistic industry settings, specifically in regards to public listed logistics companies in relation to its financial performance.

  15. Framework for financial ratio analysis of audited federal financial reports

    OpenAIRE

    Brady, Richard T.

    1999-01-01

    Federal agencies have traditionally prepared financial reports to monitor and report the obligation and expenditure of federal funding. With the passage of the Chief Financial Officers Act of 1990, Congress called for the production of financial statements that fully disclose a federal entity's financial position and results of operations. The disclosure of this type of information, it was believed, would enable decision-makers to understand the financial implications of budgetary, policy and...

  16. Qualitative and financial evaluation of public and private forest nurseries; Case study of southern Zagros forests, Iran

    Directory of Open Access Journals (Sweden)

    MARYAM FAZLOLLAHI MOHAMMADI

    2014-11-01

    Full Text Available Mohammadi MF, Vaezin SMH, Etemad V, Sepahvand A, Shirvani A, Azam S. 2014. Qualitative and financial evaluation of public and private forest nurseries; Case study of southern Zagros forests, Iran. Nusantara Bioscience 6: 152-158. This study has examined the efficiency of two nurseries, private and public divisions, based on qualitative and financial evaluation in the Southern Zagros forests of Iran. To achieve this purpose, we selected two species including pistachio (Pistacia atlantica and poplar (Popolus nigra in one year period. Results of qualitative evaluation showed that all produced seedlings by private nursery significantly had better features than the public one at the significant level of 0.05. Also, the results of financial evaluation showed that cost price of each poplar seedling at private nursery (0.734 $ was 19.6 times less than public one (14.4 $. The interest rate for pistachio seedling in private sector ranges from 1.9 to 2.2 $, while it ranges from 1.5 to 1.9 $ for poplar seedling. Such researches may help to improve management as well as financial and qualitative efficiency, especially in public nurseries. Future researches will be required to document other aspects of private management on nurseries in seedling products.

  17. Technological Innovation in Financial Aid Offices in Public Colleges and Universities.

    Science.gov (United States)

    Shelley, Rita F.

    1989-01-01

    Results of a national survey of financial aid officers provides information on current computer capabilities and the status of technological innovation in financial aid office administration. Obstacles to innovation and reasons to innovate were also investigated. (MSE)

  18. Compendium of publicly available reports on procurement and financial assistance awards

    Energy Technology Data Exchange (ETDEWEB)

    1978-07-01

    The public has shown a particular interest in the Department of Energy's procurement, contracting, and financial assistance programs. Procurement systems reports involve extensive information on over 6,000 active prime contracts, grants, loan guarantees and agreements of several types, plus over 30,000 small purchase transactions. This Compendium eliminates some confusion and will serve the needs of most of the people who wonder what kind of procurement systems reports are available from the Department of Energy. This Compendium has three major sections. The Published Reports section includes computer-generated reports, which will be published annually with a cumulative monthly update. The annual reports will be published as of September 30, the end of the Federal Fiscal Year. Alongside each report is a summary of the report showing the data elements included in the report. When available, these reports can be obtained from your nearest Energy Extension Service office. A list of the Department of Energy's ten Energy Extension Service offices is included in this publication. The Unpublished Reports section is comprised of available, computer-generated reports with a summary of each report and a listing of data elements included in the report. Unpublished reports are reformats or subsets of information available in the published reports and are generated on a limited basis for repetitive Departmental needs. The Special Reports section contains formats or subsets of information on energy or energy-related projects. (MCW)

  19. STRENGTHENING THE SUSTAINABILITY OF PUBLIC FINANCES BY MEANS OF FINANCIAL LAW FOCUSED ON THE CONTROL AND AUDIT EXERCISE

    Directory of Open Access Journals (Sweden)

    Ionel BOSTAN

    2016-02-01

    Full Text Available The activity to prevent embrittlement sustainability of public finances should manifest itself permanently, regardless of economic circumstances - national or European. This, more so as it was set by the Stability and Growth Pact (SGP, which introduces new rules on fiscal policy. Regulations and exercise adequate of financial control and public audit are intended to give certain guarantees on landing approach this topic (most on enhancing sustainability of public finances. Therefore, our approach aims to reveal some aspects of fiscal consolidation by means of financial law focused on exercise fiscal control and public audit. Our references aim the current regulatory of this important organization and functioning rule of law activities and results reported.

  20. Cooperative or Competitive? Private Regulators and Public Supervisors in the Post-Crisis European Financial Services Landscape

    NARCIS (Netherlands)

    Cherednychenko, Olha O.

    This article explores the interplay between private regulators and public supervisors within principles-based regulation and meta-regulation in the post-crisis European retail financial services landscape. It shows that the way in which the compliance with such regulatory frameworks is supervised

  1. Public Regulation, Contract Law, and the Protection of the Weaker Party : Some Lessons from the Field of Financial Services

    NARCIS (Netherlands)

    Cherednychenko, O.O.

    2014-01-01

    While contractual relationships between private parties in the financial services field were traditionally the exclusive domain of private law, in particular contract law, the early twenty-first century has witnessed the rise of contract-related public regulation in this area both at EU and Member

  2. Effect of Non Financial Incentives on Job Satisfaction of Teachers in Public Secondary Schools--Survey of Kisii Sub County

    Science.gov (United States)

    Sabina, Asiago Lenah; Okibo, Walter; Nyang'au, Andrew; Ondima, Cleophas

    2015-01-01

    Job satisfaction is a major challenge among employees in many organizations. The purpose of this research project is to assess the effect of non-financial incentives on job satisfaction of teachers in public secondary schools of Kisii Sub County in the Republic of Kenya. The specific objectives for the study include: to assess the effect of…

  3. Disclosure no serviço público: análise da aplicabilidade da lei de transparência em municípios mineiros = Disclosure in Public Service: an analysis of the applicability of the transparency law in Minas Gerais municipalities

    Directory of Open Access Journals (Sweden)

    Derley Júnior Miranda Silva

    2016-04-01

    population of over one hundred thousand (100,000, relating to their financial and budgetary execution, comply with the provisions of the Complementary Law nº 131/2009, called the Transparency Law. It was also checked the information disclosure of these municipalities. In all the thirty (30 municipalities investigated in Minas Gerais it was found the implementation of the Transparency Law. The totality of municipalities have web addresses, however this deployment does not show the disclosure and do not meet fully the mandatory legal requirements and recommended for the disclosure of budget execution. In some websites, the information is difficult to find, being necessary to open multiple links to access the desired information. It was also confirmed, in the portals consultation period, that some municipalities with significant population density as Uberlândia, Contagem, Juiz de Fora and Montes Claros are in the top list of municipalities that attended fewer legally defined criteria. Ribeirão das Neves is the municipality that most meets the legal requirements of transparency followed by the cities of Ipatinga and Teófilo Otoni. It was noted also that some electronic sites have constant maintenance periods, remaining unavailable or disabled for long periods harming citizens' access to information and making it difficult to track the information available in real time by public officials.

  4. Accountability for Public Expenditure under "Building Schools for the Future"

    Science.gov (United States)

    Shaoul, Jean; Stafford, Anne; Stapleton, Pamela

    2010-01-01

    This paper examines the disclosure and reporting of expenditure under the UK government's "Building Schools for the Future" programme. The study finds that there is little detailed and useful financial reporting, and the public's right to know under Freedom of Information Act 2000 is very limited. The lack of such information makes it…

  5. Accounting Considerations in Public Sector Risk Management Pools.

    Science.gov (United States)

    Commons, Harriet V.

    1987-01-01

    The Government Accounting Standards Board's Insurance Issues Project has issued an invitation to comment on two issues: (1) whether governmental risk pools should follow the same accounting principles as commercial insurance companies and (2) financial statement disclosures required of entities with public accountability (MLF)

  6. Accounting Considerations in Public Sector Risk Management Pools.

    Science.gov (United States)

    Commons, Harriet V.

    1987-01-01

    The Government Accounting Standards Board's Insurance Issues Project has issued an invitation to comment on two issues: (1) whether governmental risk pools should follow the same accounting principles as commercial insurance companies and (2) financial statement disclosures required of entities with public accountability (MLF)

  7. Mental illness stigma and disclosure in college students.

    Science.gov (United States)

    Corrigan, Patrick W; Kosyluk, Kristin A; Markowitz, Fred; Brown, Robyn Lewis; Conlon, Bridget; Rees, Jo; Rosenberg, Jessica; Ellefson, Sarah; Al-Khouja, Maya

    2016-06-01

    The aim of this study was to investigate the relationship between mental illness identity, shame, secrecy, public stigma, and disclosure amongst college students. Participants included 1393 college students from five postsecondary institutions. Structural equation modeling was used to examine two path models predicting disclosure and desire to join a program aiding with disclosure. Variables found to be significant in predicting disclosure included mental illness identity and public stigma. In turn, desire for disclosure predicted desire to join a program aiding in disclosure. Gender and race/ethnic differences were observed, with men and Whites more likely to want to disclose a mental illness or join a program aiding with disclosure compared with women and non-Whites, respectively. These findings suggest that some college students may find programs aiding in disclosure useful in assisting them to achieve their desire to be "out" with their mental illness.

  8. 48 CFR 27.305-4 - Protection of invention disclosures.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Protection of invention....305-4 Protection of invention disclosures. (a) The Government will, to the extent authorized by 35 U.S.C. 205, withhold from disclosure to the public any invention disclosures reported under the patent...

  9. 45 CFR 503.4 - Accounting of certain disclosures.

    Science.gov (United States)

    2010-10-01

    ... 45 Public Welfare 3 2010-10-01 2010-10-01 false Accounting of certain disclosures. 503.4 Section... SUNSHINE REGULATIONS Privacy Act Regulations § 503.4 Accounting of certain disclosures. (a) Except for disclosures under § 503.3(a) and (b) of this part, the Administrative Officer will keep an accurate...

  10. Evaluation and Optimization of the Financial Sustainability of Public Rental Housing Projects: A Case Study in Nanjing, China

    Directory of Open Access Journals (Sweden)

    Dezhi Li

    2016-04-01

    Full Text Available In recent years, Chinese governments have launched ambitious plans in developing public rental housing (PRH, which are almost impossible to accomplish without the involvement of the private sector. Yet, very few quantitative studies have been carried out to evaluate the financial sustainability of PRH projects in China, especially from the perspective of the private sector. This knowledge gap is bridged through the evaluation of the financial sustainability of a hypothetical privately owned PRH project in Nanjing, China as a case study, utilizing data of a state-owned PRH project and the classic discounted cash flow method. The results indicate that the studied project is financially infeasible, which means that private companies would not be willing to participate in the provision of public rental housing, if they merely focus on profits. Then, the most cost-effective optimization measure of the studied case is quantitatively selected from four possible optimization scenarios, leading to a financial balance. This paper presents the current financial status of Chinese PRH projects, thereby providing policy makers with useful references to effectively accelerate the private sector’s provision of PRH in China.

  11. Earnings announcement lag and non-mandatory disclosure impact on the cost of debt: Hong Kong empirical evidence

    Directory of Open Access Journals (Sweden)

    Achraf Guidara

    2015-02-01

    Full Text Available This paper examines the association between voluntary disclosure, earnings announcement lag and the cost of debt in Hong Kong. The research sample consists of 20 listed companies in the Hong Kong Stock exchange over the period spanning from 2008 to 2011. A disclosure checklist is used to measure the extent of voluntary disclosure in companies ‘annual reports. Earnings announcement lag is proxied by the difference between the end of fiscal year and the publication date of financial statements. Results of this study confirm that voluntary disclosure and earnings announcements lag reduce the cost of debt in Hong Kong. These findings suggest that voluntary disclosures play an essential role in reducing cost of debt in Hong Kong context, and managers tend to disclose in early manner to reduce the information asymmetry between their firm and creditors. These findings may have policy implications for managers since they demonstrate that the extent of voluntary and timely disclosures affect the cost of debt.

  12. Relationship between the Disclosure of Sustainability with the Corporate Governance: A Study in Companies Listed in Ibrx-100

    Directory of Open Access Journals (Sweden)

    Emanoel Truta do Bomfim

    2015-04-01

    Full Text Available The aim of this study was to investigate the relationship between the disclosure of sustainability with some features of corporate governance in publicly traded Brazilian firms. The characteristics of corporate governance studied were duality of CEO, level corporate governance, sustainability committee, independent directors, influences of the community, board interlocking and family management. The analysis was based in a sample of the 76 companies listed in IBRX-100 BM&FBovespa that were followed during the period 2009-2011. The technique of content analysis was used in corporate reports, financial statements and reports and social sustainability of the firms investigated in order to measure the level of disclosure of sustainability. The panel data model with fixed and random effects was used to assess the relationship between the disclosure of sustainability with the characteristics of the corporate governance of the companies investigated. The results show that the family administration, the age of the company, the influence of community, sustainability committee, the size and performance have positive effect on the disclosure of sustainability. However, participation in New Market (NM corporate governance of BM&FBovespa was negatively related to the level of sustainability disclosure, demonstrating that the insertion at this level differentiated corporate governance does not seem to influence the disclosure by enterprises investigated.

  13. Compliance with Segment Disclosure Initiatives

    DEFF Research Database (Denmark)

    Arya, Anil; Frimor, Hans; Mittendorf, Brian

    2013-01-01

    Regulatory oversight of capital markets has intensified in recent years, with a particular emphasis on expanding financial transparency. A notable instance is efforts by the Financial Accounting Standards Board that push firms to identify and report performance of individual business units...... (segments). This paper seeks to address short-run and long-run consequences of stringent enforcement of and uniform compliance with these segment disclosure standards. To do so, we develop a parsimonious model wherein a regulatory agency promulgates disclosure standards and either permits voluntary...... compliance or mandates strict compliance from firms. Under voluntary compliance, a firm is able to credibly withhold individual segment information from its competitors by disclosing data only at the aggregate firm level. Consistent with regulatory hopes, we show that mandatory compliance enhances welfare...

  14. From disclosure to transparency: the use of company payment data.

    Science.gov (United States)

    Chimonas, Susan; Frosch, Zachary; Rothman, David J

    2011-01-10

    It has become standard practice in medical journals to require authors to disclose their relationships with industry. However, these requirements vary among journals and often lack specificity. As a result, disclosures may not consistently reveal author-industry ties. We examined the 2007 physician payment information from 5 orthopedic device companies to evaluate the current journal disclosure system. We compared company payment information for recipients of $1 million or more with disclosures in the recipients' journal articles. Payment data were obtained from Biomet, DePuy, Smith & Nephew, Stryker, and Zimmer. Disclosures were obtained in the acknowledgments section, conflict of interest statements, and financial disclosures of recipients' published articles. We also assessed variations in disclosure by authorship position, payment-article relatedness, and journal disclosure policies. Of the 41 individuals who received $1 million or more in 2007, 32 had published articles relating to orthopedics between January 1, 2008, and January 15, 2009. Disclosures of company payments varied considerably. Prominent authorship position and article-payment relatedness were associated with greater disclosure, although nondisclosure rates remained high (46% among first-, sole-, and senior-authored articles and 50% among articles directly or indirectly related to payments). The accuracy of disclosures did not vary with the strength of journals' disclosure policies. Current journal disclosure practices do not yield complete or consistent information regarding authors' industry ties. Medical journals, along with other medical institutions, should consider new strategies to facilitate accurate and complete transparency.

  15. Financial Management In Public Secondary Schools In Kenya A Case Study Of Lurambi Sub-County Kakamega County

    Directory of Open Access Journals (Sweden)

    Rose Kahavizakiriza

    2015-08-01

    Full Text Available Abstract This study set out to identify knowledge skills and attitudes required by principals of public secondary schools in Lurambi Sub-county in Kakamega County Kenya for effective financial management. The rationale for focusing on the financial management of public secondary schools was based on evidence in contemporary literature showing that there existed problems in schools over the management of funds because parents complained of financial mismanagement. The main objective of this study was to find outfinancial management in public secondary schools in Kenya. The specific objectives were To find out whether principals of public secondary schools identify and mobilize financial resources for their institutions to find out whether principals draw up budgets for their schools according to priorities of the school needs to find out whether supervision monitoring and control of the budget is carried out by principals of public secondary schools. Therefore there was need to find out ways of ensuring efficient financial management in schools. The study was carried out in public secondary schools in Lurambi Sub-county of Kakamega County covering Lurambi and Municipality. The target population for this study consisted of seventeen 17 principals of public secondary schools seventeen 17 school bursars one hundred and thirty six 136 H.O.Ds and seventeen 17 B.O.G representatives giving a total of one hundred and eighty seven 187 people. Sample population was purposively selected from twelve 12 public secondary schools in Lurambi Sub-county through simple random within the clusters of principals school bursars H.O.Ds representatives of B.O.G. The study adopted a descriptive survey design which helped to establish and describe the knowledge skills and attitudes principals of public secondary schools require for effective performance. Reliability coefficient of the instruments was calculated using cronbachs reliability test. Data analysis revealed that

  16. CSR Inflections: An Overview of CSR Practices on Financial Performance by Public Listed Companies in Malaysia

    Directory of Open Access Journals (Sweden)

    Bt Abdul Wahab Norwazli

    2017-01-01

    Full Text Available Of late, there has been growing demand for companies to intensify its corporate social responsibility (CSR. It is no longer one of the responsibilities of the companies but has become the responsibility of companies to give back to the society in which it has been operating and making huge profit. Unfortunately there appears to be a wide gap between the level of CSR awareness between companies from developed countries and those from the developing companies. Companies from developed countries have higher CSR level of awareness and faced no difficulty in disclosing their CSR activities relatively to the companies in the developing countries (including Malaysia. Thus, the aim of this paper is to examine the level of CSR disclosure of consumer products and trading and services industries from Malaysia. In addition, the study also would like to ascertain if the level of CSR disclosure influences the performance of the company in terms of its return on asset (ROA and firm value (Tobin’s Q. The study starts with the development of CSR disclosure index and using the index to determine if company’s performance is related to its contribution to the society. Panel data is used to achieve the second objective. Findings of the study provide positive, negative and insignificant results between CSR activities on the company performance.

  17. 76 FR 78465 - Home Mortgage Disclosure (Regulation C)

    Science.gov (United States)

    2011-12-19

    ... Federal Regulations, which is published #0;under 50 titles pursuant to 44 U.S.C. 1510. #0; #0;The Code of... Part 1003 RIN 3170-AA06 Home Mortgage Disclosure (Regulation C) AGENCY: Bureau of Consumer Financial... establishing a new Regulation C (Home Mortgage Disclosure). This interim final rule does not impose any...

  18. 29 CFR 4010.9 - Financial information.

    Science.gov (United States)

    2010-07-01

    ... 29 Labor 9 2010-07-01 2010-07-01 false Financial information. 4010.9 Section 4010.9 Labor... DISCLOSURE REQUIREMENTS ANNUAL FINANCIAL AND ACTUARIAL INFORMATION REPORTING § 4010.9 Financial information... with the instructions on PBGC's Web site, http://www.pbgc.gov, the following financial information...

  19. Family Ownership, Firm’s Financial Characteristics and Capital Structure: Evidence from Public Listed Companies in Malaysia

    Directory of Open Access Journals (Sweden)

    Punitharaja NADARAJA

    2011-06-01

    Full Text Available Capital structure is identified as one of focal facet in corporate finance branch of learning. It provides comprehension on how firms choose to finance their operations and expansion. The objective of this study is to explore the determinants of capital structure of Malaysian public listed companies. The period of 2001-2006 was selected in this study, which reflected the post Asian financial crisis period. Firm’s financial characteristics consist of size, growth, profitability, liquidity and ability to service debt. Family ownership which was identified as a unique feature in the Malaysian corporate sector was used to measure the effect of corporate governance in capital structure decision. Using panel data approach, this study infers that the role of ownership structure in the form of family ownership though is not significantly related to capital structure, its inclusion in the empirical equation changes the significance of other variables. Except for growth, all other financial characteristics have significant relationships with capital structure.

  20. Symbolic Actions and Institutional Implementations:Taking the Cases of Citizens Request for Financial Information Disclosure as Example%象征性行动与制度实施--以公民申请财政信息公开事件为例

    Institute of Scientific and Technical Information of China (English)

    韩志明

    2013-01-01

      自《政府信息公开条例》实施以来,以政府财政信息为指向的公民申请信息公开行动引起了新闻媒体和社会公众的广泛关注,产生了巨大的社会反响。这些以公民名义提起的象征性行动主要目的是检验《条例》及其规则的效力,向政府及其官员施加信息公开的压力。象征性行动表明了实现信息公开的实质性目标的障碍,体现了公民的行动策略及多元目标诉求,也具有权利表达、厘定政府责任并重构公民与政府之间关系的多重意义。在申请信息公开的过程中,公民成为《条例》的实施者,具有推动信息公开的良好激励,而且公民申请实践也推动了制度的变迁。%Since The Government Information Disclosure Regulations took effect,people's application for the access to the government financial information has attracted wide attention and aroused lots of public responses. These actions,which are done in the name of individuals and carry symbolic value rather than having direct and immediate consequences,are mainly a test of the effect of the above mentioned regulations,putting pressure on the government and its officials to enhance the openness of its information. The symbolic nature of these actions indicates that there are great barriers to publici-zing government information;embodies the strategies and multiple appeals of the applicants;and also has multiple meanings of expressing civil rights,pinpointing the government accountability and regula-ting the relations between government and citizens. In the process of applying for the disclosure of gov-ernment information,citizens have enough incentive to push for the openness of government informa-tion,and the application practice of citizens also promotes institutional change.

  1. Analysis of Environmental Information Disclosure and Public Participation Policy%环境信息公开与公众参与政策探析

    Institute of Scientific and Technical Information of China (English)

    宋国君; 张翕

    2011-01-01

    As China continues to enhance public environmental awareness, information disclosure has become an effective means of environmental policy. Environmental management, especially environmental impact assessment, need for public participation on the premise%随着我国公众环境意识不断提高,信息公开逐渐成为有效的环境政策手段。环境管理,特别是环境影响评价需要公众参与,而公众参与的前提是政府和企业环境信息的公开。信息公开、社团压力、公众参与和舆论监督都是政策行之有效的保证。作为环境政策框架,现有部分法律、行政法规、部门规章一定程度上规范了信息公开并鼓励公众参与,但政策管理体系中仍然存在信息公开政策手段操作性不足、公共参与和监督机制缺失等问题,应借鉴台湾地区经验完善环境信息公开与公众参与机制。

  2. Financial Statement Opinion Audit Guide for Texas Public Community Colleges, 1999.

    Science.gov (United States)

    Texas State Auditor's Office, Austin.

    This document, prepared by the Texas State Auditor's Office, offers detailed guidelines for conducting a financial audit of community colleges in Texas. Its purpose is to assist governing boards and college management in ensuring that their colleges are receiving high-quality opinion audits on annual financial statements. The guide includes the…

  3. The long arm of finance: Exploring the unlikely financialization of governments and public institutions

    NARCIS (Netherlands)

    Hendrikse, R.P.

    2015-01-01

    It is often claimed that the power of finance is pervasive and omnipresent, yet the delicate ways in which financialization exerts its will across space remain relatively little explored. In fact, such claims obscure the fact that financial development constitutes a profoundly uneven process - both

  4. Accrual financial reporting in the Public Sector: Is it a reality?

    Directory of Open Access Journals (Sweden)

    Isabel Brusca Alijarde

    2014-09-01

    Full Text Available Although modernization of governmental accounting has led to the implementation of accrual financial reporting, budgets in most continental European countries, including Spain, continue to be based on cash or modified cash methods. Consequently, cash-based and accrualbased financial information coexist. This may create problems for the full implementation of accrual financial statements. This paper analyzes the differences in practice between the results disclosed in financial and budgetary statements under both bases of accounting in order to identify to what extent accrual accounting has been implemented and to verify whether budgetary and accrualbased financial figures are significantly different. The research findings show that there is a high correlation between the current budgetary result and the economic result and, therefore, that in practice the accrual principle has not been implemented effectively.

  5. FINANCIAL REPORTS USERS PERSPECTIVE ON THE ACCOUNTING INFORMATION NECESSARY FOR VALUING ENTERPRISES

    Directory of Open Access Journals (Sweden)

    MARIUS CRISTIAN MILOŞ

    2012-05-01

    Full Text Available One of the main debates and topics for business development, entrepreneurship and economic globalization focuses on the quality of financial information and the possibility of improving accounting proceses and accounting disclosure. The primary users of financial statements need information about the resources of the entity and how efficiently and effectively the entity’s management is using resources. There are many stakeholders with an interest in an entity’s financial reports, including (but not limited to existing and potential investors, employees, lenders, suppliers, customers, regulators and other Government agencies and the public.

  6. Trends in non-financial reporting

    Directory of Open Access Journals (Sweden)

    Adina Popa

    2008-01-01

    Full Text Available In the recent years more studies focus on the corporate disclosure, the determinants and consequences of disclosure. The mandatory disclosure of financial information was frequently integrated with non-financial information, often voluntary disclosed. The voluntary dimension of corporate disclosure involves the manifestation of free choice of the firm and its managers. In our paper we focus on the principal reporting demands that are not covered by traditional financial statements, voluntary disclosure, and how Romanian companies interested in the issue have been incorporating information about these aspects in their reporting. We also highlight the usefulness and the importance level which managers and stakeholders are giving to appreciate the non-financial performance of the Romanian listed companies they are manage or they are interested in.

  7. Disrupted Disclosure

    DEFF Research Database (Denmark)

    Krause Hansen, Hans; Uldam, Julie

    While projects of governance by transparency have become widespread over the past decades, theyare usually investigated and theorized in isolation from the wider field of visibility and surveillancein which they are embedded. Building on theories of governance, visibility and surveillance...... appearances become challenged through disruptive disclosures in mediaenvironments characterized by multiple levels of visibility, with companies both observing andbeing observed by civil society groups that criticize them; (c) why and how the mobilization aroundtransparency and ensuing practices...... of surveillance produce new forms of governing, potentiallywidening the space of manoeuvring for corporations....

  8. The impact of an integrated financial system implementation on accounting profiles in a public administration: an ethnographic approach

    OpenAIRE

    Equey Balzli, Catherine; Morard, Bernard

    2012-01-01

    Purpose – This paper’s aim is to study the impact of an Integrated Financial System implementation on Accountant profiles in a Swiss public administration. We observe the following variables: Accountants’ skills, Accountants’ functions, and Accountants’ educational backgrounds. Each variable was studied before and after the implementation. Design/methodology/approach – Our study is an empirical research based on a case study using interviews. We designed a questionnaire that we discussed with...

  9. Evaluating the Impact of Public Programs of Financial Aid to SMEs during times of crisis: The Spanish Experience

    OpenAIRE

    2012-01-01

    The aim of this paper is to study the differential effects of the public programs that provide financial aid to small and medium enterprises during times of crisis in Spain. We use different methods to control for potential selection bias. Our results show that the effects of these programs are stronger during times of crisis: during normal periods, these programs impact assets, sales, efficiency, and productivity growth, whereas during recessions, their effects extend to employment growth.

  10. Access to Financial Services: A Review of the Issues and Public Policy Objectives

    National Research Council Canada - National Science Library

    Stijn Claessens

    2006-01-01

    .... It provides data on the use of basic financial services by households and firms across a sample of countries, assesses the desirability of universal access, and provides an overview of the macro...

  11. Developing municipal taxation and improving local public performance: From regulation to a financial strategy for the municipality

    Directory of Open Access Journals (Sweden)

    Ali DEBBI

    2014-06-01

    Full Text Available Local taxation remains a research topic over which debate is still running. This research theme, that represents a focal point in economics, legal science and management science, requires further exploration. Indeed, most research has focused on the technical aspect of the local taxation: its base, design, value, assessment and collection process. Another strand of research is more interested in the legal aspects of local taxation and its contribution in the State tax. However, we believe that this subject remains largely unexplored in the managerial approach. This line of research could highlight the appropriate local public management variables. In this paper, we discuss the relationship between local taxation and one basic concept of local public management which is: local public performance. We first explain how we can evaluate the tax activity and the financial health of municipality and the main indicators used to measure it. Next, we define local public performance. And finally, we show the relationship between local taxation and local public performance. We show also that the regulatory concerns of the Algerian mayor are moving towards the adoption of a financial strategy for the municipality.

  12. The Regressive Research of Bias Least Square Method of Public Financial Capability of China%我国财政能力的偏最小二乘回归研究

    Institute of Scientific and Technical Information of China (English)

    周子康; 崔斌

    2003-01-01

    Based on the adjustment of public financial revenue and expenditure of China according to the international comparable scope, the authors project and research the condition of public financial revenue and expenditure in China by using bias least square method. After the analysis, the authors think that the real public financial capability of China is not as weak as people estimate in advance.

  13. Sustainability and Risk Disclosure: An Exploratory Study on Sustainability Reports

    Directory of Open Access Journals (Sweden)

    Elisa Truant

    2017-04-01

    Full Text Available Recent policy changes in sustainability reporting, such as the ones related to the new European Directive on non-financial disclosure (2014/95/EU, the standards issued by the American Sustainability Accounting Standard Board (SASB, the G4 guidelines issued by the Global Sustainability Standard Board (GSSB, and the framework of the International Integrated Reporting Council (IIRC stress the importance of extending the disclosure of ethical, social, and environmental risks within financial and social-environmental reporting. Institutional pressure has notably increased among organizations, in setting up risk management tools to understand sustainability risks within managerial and reporting practices. Given such institutional pressure, the corporate reaction in providing additional sustainability risk disclosure calls for attention and scrutiny. Therefore, this study aims at addressing such issues from an exploratory perspective. We based our analysis on a sample of large Italian organizations that issued sustainability disclosure in accordance with the Global Reporting Initiative (GRI, G4 guidelines, and we tested the relationship between their level of risk disclosure and other relevant variables. Consistently with the literature, we found that “experienced” sustainable reporters provide a significant volume of disclosure, and that disclosure quality on risk is positively influenced by their international presence and reporting experience. However, when accounting for specific risk-related areas of disclosure, only a few of them seem to adopt a managerial perspective linking strategy, risk metrics, and disclosure.

  14. Financial Factors and Institutional Characteristics That Relate to the Long-Term Debt of U.S. Four-Year Public Colleges and Universities

    Science.gov (United States)

    Keith, Dana Sims

    2013-01-01

    Debt for public colleges and universities has been increasing while financial resources, which provide the support to repay debt, have been declining. As debt increases in proportion to assets, the risk profile of a college or university increases. This study examined the relationships between financial variables and institutional characteristics…

  15. Can Lighting Influence Self-Disclosure?

    Science.gov (United States)

    Mehta, Veli; Mukherjee, Sumitava; Manjaly, Jaison A.

    2017-01-01

    With the advent of social networks where people disclose a lot of their information and opinions publicly, this research attempted to re-look at the effect of environmental lighting on willingness and actual disclosure of personal information. Previous literatures mostly addressed counseling setups and the findings were mixed. In order to clarify the effect of lighting on self-disclosure, two experiments were conducted with reported willingness to disclose (Experiment 1) as well as actual disclosure (Experiment 2) on a range of topics like social issues, body, money, work, and personality. While quite a handful of studies have reported differences in disclosure from very subtle environmental lighting manipulations, in both experiments we could not find any effect of ambient room lighting conditions on self-disclosure. These results call for caution both in over-interpreting subtle environmental effects and in increased generalization of perceptual metaphors to actual behavior. PMID:28280474

  16. Can Lighting Influence Self-Disclosure?

    Science.gov (United States)

    Mehta, Veli; Mukherjee, Sumitava; Manjaly, Jaison A

    2017-01-01

    With the advent of social networks where people disclose a lot of their information and opinions publicly, this research attempted to re-look at the effect of environmental lighting on willingness and actual disclosure of personal information. Previous literatures mostly addressed counseling setups and the findings were mixed. In order to clarify the effect of lighting on self-disclosure, two experiments were conducted with reported willingness to disclose (Experiment 1) as well as actual disclosure (Experiment 2) on a range of topics like social issues, body, money, work, and personality. While quite a handful of studies have reported differences in disclosure from very subtle environmental lighting manipulations, in both experiments we could not find any effect of ambient room lighting conditions on self-disclosure. These results call for caution both in over-interpreting subtle environmental effects and in increased generalization of perceptual metaphors to actual behavior.

  17. Development of Disclosure and Transparency as Legal Methods for the Supervision of Public Companies in the Republic of Slovenia

    Directory of Open Access Journals (Sweden)

    Danila Djokic

    2012-01-01

    Full Text Available As a rule, public companies in the Republic of Slovenia use a twotiersystem of corporate governance. The supervisory boards ofsuch companies should execute the supervisory function by informingand disclosing to the shareholders the data regarding envisagedpolicies of corporate governance. The principle of disclosureand transparency in general, and in the field of remuneration,is used in the Republic of Slovenia as a systemic legalmethod and tool, which enables better decision making processes,supervision and control of public companies in the country.

  18. Management accounting use and financial performance in public health-care organisations: evidence from the Italian National Health Service.

    Science.gov (United States)

    Macinati, Manuela S; Anessi-Pessina, E

    2014-07-01

    Reforms of the public health-care sector have emphasised the role of management accounting (MA). However, there is little systematic evidence on its use and benefits. To fill this gap, we propose a contingency-based model which addresses three related issues, that is, whether: (i) MA use is influenced by contextual variables and MA design; (ii) top-management satisfaction with MA mediates the relationship between MA design and MA use; and (iii) financial performance is influenced by MA use. A questionnaire was mailed out to all Italian public health-care organisations. Structural equation modelling was performed to validate the research hypotheses. The response rate was 49%. Our findings suggest that: (i) cost-containment strategies encourage more sophisticated MA designs; (ii) MA use is directly and indirectly influenced by contingency, organisational, and behavioural variables; (iii) a weakly significant positive relationship exists between MA use and financial performance. These findings are relevant from the viewpoint of both top managers and policymakers. The former must make sure that MA is not only technically advanced, but also properly understood and appreciated by users. The latter need to be aware that MA may improve performance in ways and along dimensions that may not fully translate into better financial results.

  19. 金融类上市公司内部控制信息披露现状研究%The Research on the Status Quo of the Information Disclosure of the Internal Control of Listed Companies of the Financial Industry

    Institute of Scientific and Technical Information of China (English)

    吴勋; 南恒玮

    2015-01-01

    金融行业由于其特殊的行业性质,具有较高风险性,这就决定了必须要有健全的内部控制与之相匹配。完善内部控制评价体系对于金融业加强行业风险管理、提高管理效率、完善内部审计程序等有着积极作用。考虑到金融行业的监管特殊性和信息披露可获取性,本文选取我国金融行业43家上市公司作为研究对象,通过对其2013年内部控制信息披露情况进行现状分析,寻求内部控制信息披露中存在缺陷并提出改进对策。%Due to its special nature, the financial industry has a higher risk, which decides that a sound internal control must be needed to match the risk. Perfecting the internal control evaluation system plays a positive role in financial industry’s strengthen in-dustrial risk management, improving the management efficiency and perfecting the internal audit procedures. Considering the particu-larity in the financial industry supervision and accessibility to the information disclosure, the paper selects 43 listed companies of the fi-nancial industry in China as the research object, analyzes the status quo of the information disclosure of the internal control in 2013, seeks the existing defects in the information disclosure of the internal control and puts forward improving countermeasures.

  20. Collateral visibility : A socio-legal study of police body camera adoption, privacy, and public disclosure in Washington State

    NARCIS (Netherlands)

    Newell, Bryce

    2017-01-01

    Law enforcement use of body-worn cameras has recently become a subject of significant public and scholarly debate. This article presents findings from a socio-legal examination of the legal and social implications of body-worn camera adoption by two police departments in Washington State. In particu

  1. BUDGET RETRENCHMENT IN THE PUBLIC SECTOR - CHALLENGES AGAINST THE BACKGROUND OF THE FINANCIAL CRISIS

    Directory of Open Access Journals (Sweden)

    Terci Nicolae

    2009-05-01

    Full Text Available Romania’s entry to the “select” club of the E.U. generate new challenges that overlap against the background of a financial and economic crisis with dramatic repercussions that differ from one country to another. At the end of the year, Romania concluded

  2. Critical Approaches to Financial Delegation in Public Education in Post-Communist Romania

    Science.gov (United States)

    Popescu, Ana-Cristina

    2011-01-01

    The article focuses on tracking financial delegation (introduced nationally in January 2010) as part of the broader process of education restructuring and decentralisation in post-communist Romania. The aim is to critically pinpoint some of the challenges specific to the Romanian context, such as the multitude of policies and legislation (due to…

  3. Financial frictions and substitution between internal and external funds in publicly traded Brazilian companies

    Directory of Open Access Journals (Sweden)

    Márcio Telles Portal

    2012-04-01

    Full Text Available The present study aimed to document the effects of financial constraints on the negative relationship between cash flow and external funds, a phenomenon associated with the Pecking Order Theory. This theory suggests that companies subject to more expensive external funds (financially constrained firms should demonstrate a stronger negative relationship with cash flow than companies subject to minor financial frictions (financially unconstrained firms. The results indicate that the external funds of constrained firms consistently present less negative sensitivity to cash flow compared with those of unconstrained companies. Additionally, the internal funds of constrained companies demonstrate a positive sensitivity to cash flow, whereas those of unconstrained companies do not show any such significant behavior. These results are in accordance with the findings of Almeida and Campello (2010, who suggest the following: first, because of the endogenous nature of investment decisions in constrained companies, the complementary relationship between internal and external funds prevails over the substitutive effects suggested by the Pecking Order Theory; and second, the negative relationship between cash flow and external funds cannot be interpreted as evidence of costly external funds and therefore does not corroborate the Pecking Order Theory.

  4. THE IMPACT OF THE GLOBAL FINANCIAL CRISIS ON THE PUBLIC AND PRIVATE FINANCES IN ROMANIA

    Directory of Open Access Journals (Sweden)

    SANDA GHEORGHE GABRIEL

    2014-08-01

    Full Text Available If the exit from the crisis is linked to the productivity, the technological boom, the orientation should take place by sectors with high growth potential. The idea is that the power of the Government to rely on increasing economic value and implementing effective measures to redress and not on fiscal destructive policies that can block even more the economic development. In order to exit from the economic and financial crisis it is necessary to identify the risks and vulnerabilities of the financial system as a whole. However, the emergence of malfunctions such as inaccurate assessment of risks and the inefficiency with which capitals are allocated can affect the equilibrium of the financial structure. Some solutions to overcome the negative effects of the global crisis to which has been submitted to Romania are represented by the design and implementation of strong macroeconomic frameworks, reviewing and improving the capacity of institutional, organizational level, to ensure a sustainable and environmentally sound growth of the economy in the long run, for the benefit of the society in general. The real cause of the economic crisis, whether it is called: recession, crisis, economic depression or another name, the content and the effect of the crisis are the same, however, can be solved if the policy makers choose to stabilize the financial conditions and to find solutions stimulus, achieving strong macroeconomic frameworks, improving the institutional capacity to ensure a sustainable and favorable growth of the economy, the society in general.

  5. The Revolution in Banking and the Financial Services Industry. Series on Public Issues No. 11.

    Science.gov (United States)

    Fraser, Donald R.

    It is the premise of this booklet, one of a series intended to apply economic principles to major social and political issues of the day, that a revolution in the banking and financial services industry is altering not only the fundamental nature of the services offered but the character of the organizations themselves. The purpose of the essay is…

  6. Health advocacy organizations and the pharmaceutical industry: an analysis of disclosure practices.

    Science.gov (United States)

    Rothman, Sheila M; Raveis, Victoria H; Friedman, Anne; Rothman, David J

    2011-04-01

    Health advocacy organizations (HAOs) are influential stakeholders in health policy. Although their advocacy tends to closely correspond with the pharmaceutical industry's marketing aims, the financial relationships between HAOs and the pharmaceutical industry have rarely been analyzed. We used Eli Lilly and Company's grant registry to examine its grant-giving policies. We also examined HAO Web sites to determine their grant-disclosure patterns. Only 25% of HAOs that received Lilly grants acknowledged Lilly's contributions on their Web sites, and only 10% acknowledged Lilly as a grant event sponsor. No HAO disclosed the exact amount of a Lilly grant. As highly trusted organizations, HAOs should disclose all corporate grants, including the purpose and the amount. Absent this disclosure, legislators, regulators, and the public cannot evaluate possible conflicts of interest or biases in HAO advocacy.

  7. Impact of Publicly Financed Health Insurance Schemes on Healthcare Utilization and Financial Risk Protection in India: A Systematic Review.

    Science.gov (United States)

    Prinja, Shankar; Chauhan, Akashdeep Singh; Karan, Anup; Kaur, Gunjeet; Kumar, Rajesh

    2017-01-01

    Several publicly financed health insurance schemes have been launched in India with the aim of providing universalizing health coverage (UHC). In this paper, we report the impact of publicly financed health insurance schemes on health service utilization, out-of-pocket (OOP) expenditure, financial risk protection and health status. Empirical research studies focussing on the impact or evaluation of publicly financed health insurance schemes in India were searched on PubMed, Google scholar, Ovid, Scopus, Embase and relevant websites. The studies were selected based on two stage screening PRISMA guidelines in which two researchers independently assessed the suitability and quality of the studies. The studies included in the review were divided into two groups i.e., with and without a comparison group. To assess the impact on utilization, OOP expenditure and health indicators, only the studies with a comparison group were reviewed. Out of 1265 articles screened after initial search, 43 studies were found eligible and reviewed in full text, finally yielding 14 studies which had a comparator group in their evaluation design. All the studies (n-7) focussing on utilization showed a positive effect in terms of increase in the consumption of health services with introduction of health insurance. About 70% studies (n-5) studies with a strong design and assessing financial risk protection showed no impact in reduction of OOP expenditures, while remaining 30% of evaluations (n-2), which particularly evaluated state sponsored health insurance schemes, reported a decline in OOP expenditure among the enrolled households. One study which evaluated impact on health outcome showed reduction in mortality among enrolled as compared to non-enrolled households, from conditions covered by the insurance scheme. While utilization of healthcare did improve among those enrolled in the scheme, there is no clear evidence yet to suggest that these have resulted in reduced OOP expenditures or

  8. Impact of Publicly Financed Health Insurance Schemes on Healthcare Utilization and Financial Risk Protection in India: A Systematic Review

    Science.gov (United States)

    Chauhan, Akashdeep Singh; Karan, Anup; Kaur, Gunjeet; Kumar, Rajesh

    2017-01-01

    Several publicly financed health insurance schemes have been launched in India with the aim of providing universalizing health coverage (UHC). In this paper, we report the impact of publicly financed health insurance schemes on health service utilization, out-of-pocket (OOP) expenditure, financial risk protection and health status. Empirical research studies focussing on the impact or evaluation of publicly financed health insurance schemes in India were searched on PubMed, Google scholar, Ovid, Scopus, Embase and relevant websites. The studies were selected based on two stage screening PRISMA guidelines in which two researchers independently assessed the suitability and quality of the studies. The studies included in the review were divided into two groups i.e., with and without a comparison group. To assess the impact on utilization, OOP expenditure and health indicators, only the studies with a comparison group were reviewed. Out of 1265 articles screened after initial search, 43 studies were found eligible and reviewed in full text, finally yielding 14 studies which had a comparator group in their evaluation design. All the studies (n-7) focussing on utilization showed a positive effect in terms of increase in the consumption of health services with introduction of health insurance. About 70% studies (n-5) studies with a strong design and assessing financial risk protection showed no impact in reduction of OOP expenditures, while remaining 30% of evaluations (n-2), which particularly evaluated state sponsored health insurance schemes, reported a decline in OOP expenditure among the enrolled households. One study which evaluated impact on health outcome showed reduction in mortality among enrolled as compared to non-enrolled households, from conditions covered by the insurance scheme. While utilization of healthcare did improve among those enrolled in the scheme, there is no clear evidence yet to suggest that these have resulted in reduced OOP expenditures or

  9. Conflict of interest reporting by authors involved in promotion of off-label drug use: an analysis of journal disclosures.

    Directory of Open Access Journals (Sweden)

    Aaron S Kesselheim

    Full Text Available Litigation documents reveal that pharmaceutical companies have paid physicians to promote off-label uses of their products through a number of different avenues. It is unknown whether physicians and scientists who have such conflicts of interest adequately disclose such relationships in the scientific publications they author.We collected whistleblower complaints alleging illegal off-label marketing from the US Department of Justice and other publicly available sources (date range: 1996-2010. We identified physicians and scientists described in the complaints as having financial relationships with defendant manufacturers, then searched Medline for articles they authored in the subsequent three years. We assessed disclosures made in articles related to the off-label use in question, determined the frequency of adequate disclosure statements, and analyzed characteristics of the authors (specialty, author position and articles (type, connection to off-label use, journal impact factor, citation count/year. We identified 39 conflicted individuals in whistleblower complaints. They published 404 articles related to the drugs at issue in the whistleblower complaints, only 62 (15% of which contained an adequate disclosure statement. Most articles had no disclosure (43% or did not mention the pharmaceutical company (40%. Adequate disclosure rates varied significantly by article type, with commentaries less likely to have adequate disclosure compared to articles reporting original studies or trials (adjusted odds ratio [OR] = 0.10, 95%CI = 0.02-0.67, p = 0.02. Over half of the authors (22/39, 56% made no adequate disclosures in their articles. However, four of six authors with ≥ 25 articles disclosed in about one-third of articles (range: 10/36-8/25 [28%-32%].One in seven authors identified in whistleblower complaints as involved in off-label marketing activities adequately disclosed their conflict of interest in subsequent journal publications. This is

  10. Conflict of interest reporting by authors involved in promotion of off-label drug use: an analysis of journal disclosures.

    Science.gov (United States)

    Kesselheim, Aaron S; Wang, Bo; Studdert, David M; Avorn, Jerry

    2012-01-01

    Litigation documents reveal that pharmaceutical companies have paid physicians to promote off-label uses of their products through a number of different avenues. It is unknown whether physicians and scientists who have such conflicts of interest adequately disclose such relationships in the scientific publications they author. We collected whistleblower complaints alleging illegal off-label marketing from the US Department of Justice and other publicly available sources (date range: 1996-2010). We identified physicians and scientists described in the complaints as having financial relationships with defendant manufacturers, then searched Medline for articles they authored in the subsequent three years. We assessed disclosures made in articles related to the off-label use in question, determined the frequency of adequate disclosure statements, and analyzed characteristics of the authors (specialty, author position) and articles (type, connection to off-label use, journal impact factor, citation count/year). We identified 39 conflicted individuals in whistleblower complaints. They published 404 articles related to the drugs at issue in the whistleblower complaints, only 62 (15%) of which contained an adequate disclosure statement. Most articles had no disclosure (43%) or did not mention the pharmaceutical company (40%). Adequate disclosure rates varied significantly by article type, with commentaries less likely to have adequate disclosure compared to articles reporting original studies or trials (adjusted odds ratio [OR] = 0.10, 95%CI = 0.02-0.67, p = 0.02). Over half of the authors (22/39, 56%) made no adequate disclosures in their articles. However, four of six authors with ≥ 25 articles disclosed in about one-third of articles (range: 10/36-8/25 [28%-32%]). One in seven authors identified in whistleblower complaints as involved in off-label marketing activities adequately disclosed their conflict of interest in subsequent journal publications. This is a much

  11. Non-Financial Reporting in Italian SMEs: An Exploratory Study on Strategic and Cultural Motivations

    OpenAIRE

    Donato Calace

    2014-01-01

    In the last years, a broadening process of companies¡¯ responsibilities has taken place. Institutions, customers, authorities and the general public opinion expect companies to behave in an ethical way, including social and environmental elements beside economic ones in their decision-making processes and goal setting. In this context, non-financial reporting has become a critical activity to manage the dialogue with stakeholders. Indeed, corporate social disclosure (CSD) represents the most ...

  12. Carbon Emission Disclosure and the Cost of Capital: An Analysis of Malaysian Capital Market

    National Research Council Canada - National Science Library

    Noor Raida Binti Abd Rahman; Nor Hasimah Binti Johari; Nor Edi Azhar Binti Mohamad

    2017-01-01

    ...) on the firm’s weighted-average cost of capital. A carbon disclosure index is used to evaluate the quality of carbon emission disclosure in 2013 and 2014 annual reports of 247 Malaysian public listed companies...

  13. eSelf Disclosure

    Data.gov (United States)

    U.S. Environmental Protection Agency — The initial module incorporated into the application was the eDisclosure module to track regulatory audit disclosure reports that come through EPA's Central Data...

  14. Donation after cardiocirculatory death: a call for a moratorium pending full public disclosure and fully informed consent

    Science.gov (United States)

    2011-01-01

    Many believe that the ethical problems of donation after cardiocirculatory death (DCD) have been "worked out" and that it is unclear why DCD should be resisted. In this paper we will argue that DCD donors may not yet be dead, and therefore that organ donation during DCD may violate the dead donor rule. We first present a description of the process of DCD and the standard ethical rationale for the practice. We then present our concerns with DCD, including the following: irreversibility of absent circulation has not occurred and the many attempts to claim it has have all failed; conflicts of interest at all steps in the DCD process, including the decision to withdraw life support before DCD, are simply unavoidable; potentially harmful premortem interventions to preserve organ utility are not justifiable, even with the help of the principle of double effect; claims that DCD conforms with the intent of the law and current accepted medical standards are misleading and inaccurate; and consensus statements by respected medical groups do not change these arguments due to their low quality including being plagued by conflict of interest. Moreover, some arguments in favor of DCD, while likely true, are "straw-man arguments," such as the great benefit of organ donation. The truth is that honesty and trustworthiness require that we face these problems instead of avoiding them. We believe that DCD is not ethically allowable because it abandons the dead donor rule, has unavoidable conflicts of interests, and implements premortem interventions which can hasten death. These important points have not been, but need to be fully disclosed to the public and incorporated into fully informed consent. These are tall orders, and require open public debate. Until this debate occurs, we call for a moratorium on the practice of DCD. PMID:22206616

  15. Donation after cardiocirculatory death: a call for a moratorium pending full public disclosure and fully informed consent

    Directory of Open Access Journals (Sweden)

    Joffe Ari R

    2011-12-01

    Full Text Available Abstract Many believe that the ethical problems of donation after cardiocirculatory death (DCD have been "worked out" and that it is unclear why DCD should be resisted. In this paper we will argue that DCD donors may not yet be dead, and therefore that organ donation during DCD may violate the dead donor rule. We first present a description of the process of DCD and the standard ethical rationale for the practice. We then present our concerns with DCD, including the following: irreversibility of absent circulation has not occurred and the many attempts to claim it has have all failed; conflicts of interest at all steps in the DCD process, including the decision to withdraw life support before DCD, are simply unavoidable; potentially harmful premortem interventions to preserve organ utility are not justifiable, even with the help of the principle of double effect; claims that DCD conforms with the intent of the law and current accepted medical standards are misleading and inaccurate; and consensus statements by respected medical groups do not change these arguments due to their low quality including being plagued by conflict of interest. Moreover, some arguments in favor of DCD, while likely true, are "straw-man arguments," such as the great benefit of organ donation. The truth is that honesty and trustworthiness require that we face these problems instead of avoiding them. We believe that DCD is not ethically allowable because it abandons the dead donor rule, has unavoidable conflicts of interests, and implements premortem interventions which can hasten death. These important points have not been, but need to be fully disclosed to the public and incorporated into fully informed consent. These are tall orders, and require open public debate. Until this debate occurs, we call for a moratorium on the practice of DCD.

  16. 76 FR 76628 - Disclosure of Certain Credit Card Complaint Data

    Science.gov (United States)

    2011-12-08

    ... Protection Act of 2010. The proposed Policy Statement sets forth the CFPB's proposed initial disclosure of... pursuant to several provisions of the Consumer Financial Protection Act of 2010 (the ``Consumer Financial Protection Act'' or the ``Act''), including sections 1013(b)(3), 1025, 1034(a), and 1034(b), 12 U.S.C. 5493(b...

  17. Investigating the factors affecting the disclosure of intellectual capital in companies listed on the Tehran stock exchange

    Directory of Open Access Journals (Sweden)

    A. Gilani

    2017-03-01

    hypothesis testning indicated lack of significant relationship between size of auditig firm and intellectual capital disclosure. Therefore, we can claim that size of auditing firm has no significnat effect on the intellectual capital disclosure. This is while based on the theoretical framework and previous research, it is expected that recruiting large auditing firm increase disclosure of firm due to their reputation and insurance role and effective monitoring on the behavior of manager. But results of this research did not confirm this relationship. One reason that can justify this inconsistency is using different measures for measuring size of auditing firm in different research. In addition, public nature of auditing organization is a barrier in studying the size of auditing firm size and auditing quality. Based on the findings this study, to investors and capital market participants recommended During making investment decisions with financial variables, variables such as size, profitability, financial Vahrm also attended And they consider themselves as factors affecting the Company's intellectual capital disclosure in their decision-making models. In addition, to stock exchange organization is suggested, as a supervisory institution, With the creation instructions, provided the items necessary to apply some incentive policy to disclose more information about the Company's intellectual capital. The researchers believe that each of the cases mentioned below can be considered in future research to suggest a topic for research: 1.A similar study, but through differentiation in the exchange industry, in order to control the impact of the industry. 2.The effect of ownership structure on firm disclosure of intellectual capital. 3.The effect of audit quality on disclosure of firm intellectual capital. 4.The effect of intellectual capital disclosures on liquidity stocks.

  18. Intellectual capital disclosure and dividend policy

    DEFF Research Database (Denmark)

    Nielsen, Christian; Farooq, Omar

    2015-01-01

    not only have high payout ratios, but also have a greater likelihood of increasing and paying dividends. Our findings are consistent with our hypothesis that lower information asymmetries of firms with high intellectual capital disclosure lead to more favourable dividend policies. In opposition...... financial reports, while data on dividend policies was retrieved from Worldscope. This paper defines dividend policies by three variables: (1) Dividend payout ratio, (2) Decision to pay dividend, and (3) Increase in dividend payout. The results show that firms with higher intellectual capital disclosures...

  19. IMPLICATIONS OF THE ASSOCIATION AGREEMENT WITH THE EUROPEAN UNION ON THE FINANCIAL PUBLIC MANAGEMENT IN THE REPUBLIC OF MOLDOVA

    Directory of Open Access Journals (Sweden)

    Lilia ROTARU

    2015-09-01

    Full Text Available European integration is not just a goal of the foreign policy of the Republic of Moldova, but also a natural aspiration of an European nation to join the European family and the signing of the Association Agreement between Moldova and the European Union is an important step in achieving this goal. The Republic of Moldova has developed and continues to promote rigorous reforms in the area of public finance management. In this article we have analyzed the main reforms and achievements in the field of public finance management in the Republic of Moldova, their importance by reference to good European practices, but also the need to continue them in the context of signing the Association Agreement. The authors argue that until now, the public finance management reform had been focused mainly on the planning and execution phases of National Public Budget, nonetheless the main problems lay in poor budgetary reporting and control. Corruption and fraud are the main risk areas for all the promoted reforms. The conclusion of this paper is that the most urgent actions that should be undertaken consist in improving public procurement procedures, enhancing the internal control, financial inspection and external audit. Only in such a way trustful relation with EU could be created and this is particularly important as it could permit to absorb more European funds to invest in the economic and social development in our country.

  20. 5 CFR 2634.603 - Custody of and access to public reports.

    Science.gov (United States)

    2010-01-01

    ... financial disclosure reports filed by persons within that agency. The agency personnel director, who does... statement with her agency. The financial institution cannot be given access to the disclosure form for... EXECUTIVE BRANCH FINANCIAL DISCLOSURE, QUALIFIED TRUSTS, AND CERTIFICATES OF DIVESTITURE Procedure §...

  1. Financial crisis and austerity measures in Greece: their impact on health promotion policies and public health care.

    Science.gov (United States)

    Ifanti, Amalia A; Argyriou, Andreas A; Kalofonou, Foteini H; Kalofonos, Haralabos P

    2013-11-01

    This review study explores the available data relating to the impact of financial crisis and subsequently applied austerity measures on the health care, social services and health promotion policies in Greece. It is evident that Greece is affected more than any other European country by the financial crisis. Unemployment, job insecurity, income reduction, poverty and increase of mental disorders are among the most serious consequences of crisis in the socioeconomic life. The health system is particularly affected by the severe austerity measures. The drastic curtailing of government spending has significantly affected the structure and functioning of public hospitals that cope with understaffing, deficits, drug shortage and basic medical supplies. Moreover, health promotion policies are constrained, inhibiting thus the relevant initiatives toward disease prevention and health promotion education practices. Overall, the current economic situation in Greece and its impact on real life and health care is quite concerning. Policy makers should not disregard the implications that austerity and fiscal policies have on the health sector. Greater attention is needed in order to ensure that individuals would continue getting public health care and having access to preventive and social support services. To face the economic hardship, policy makers are expected to implement human-centered approaches, safeguarding the human dignity and the moral values. Copyright © 2013 Elsevier Ireland Ltd. All rights reserved.

  2. The Imperfect Match of Public Accountability of State-Owned Enterprises and Private-Sector-Type Financial Reporting: The Case of Italy

    Directory of Open Access Journals (Sweden)

    Francesco Capalbo

    2013-12-01

    Full Text Available State-owned enterprises (SOEs are legally private entities used in many jurisdictions to satisfy public needs, mostly through extensive consumption of public funds. While the nature of purposes pursued and of resources employed affects their accountability in a public sense, their financial reporting requirements are set on the basis of their legal form and this may end up generating a misalignment between accountability and reporting. Such a misalignment significantly impairs the effectiveness of financial reporting and limits the relevant public authorities’ ability to control. The case of Italian SOEs is a fine example. These were created as incorporated entities fully or partially owned by local governments willing to dislocate the production of public services, especially utilities. Such companies have benefitted, thanks to the chosen legal form, from a private style financial reporting model that has significantly eased the controls normally existing on public administrations, and which has favoured massive misuse of public funds and largely illegal management conducts. This paper advocates for significant amendments to the financial reporting model they inherit from the legal form, in order to realign their private-style accounting obligations with their public-style accountability.

  3. An empirical analysis of the external finance premium of public non-financial corporations in Brazil

    Directory of Open Access Journals (Sweden)

    Fernando N. de Oliveira

    2012-09-01

    Full Text Available Our objective in this paper is to analyze empirically the relationship between the external finance premium of non-financial corporations in Brazil with their default probability and with their demand for inventories. As for the former relation, we find that corporations that have greater external finance premium have greater probability of default. As for the latter, we find that the external finance premium is positive and statistically significantly correlated. The results confirm previous results of the literature that indicate that the balance sheet channel of monetary policy is relevant in Brazil.

  4. The Structure and Financial Dimensions of Public Administration in EU Countries

    Directory of Open Access Journals (Sweden)

    Martina HALÁSKOVÁ

    2015-06-01

    Full Text Available Various traditional trends and roles of pub-lic administration can be traced across the Eu-ropean Union member states. These countries, however, are obliged to abide by common ad-ministrative and legal principles of the European administrative area. This paper focuses on the structure and differentiation of public adminis-tration in EU (28 countries, levels of local gov-ernment and internal division of administrative structures, using the ESA methodology and a comparison of expenditures made by public ad-ministration in 2003, 2009 and 2013. The f scal aspect of public administration is evaluated also through f scal decentralization (revenues, expen-ditures. Cluster analysis is used for the com-parison of selected areas of public expenditures according to the levels of public administration, showing that EU (28 countries can be divided into three clusters.The most signif cant differences in public ex-penditures according to levels of public adminis-tration were observed in EU countries in the f rst and third cluster, where f scal decentralization of expenditures constitutes the most notable differ-ence. The smallest differences in all clusters are perceived in total general government expendi-tures as % of GDP.

  5. Public sector controllership—reinventing the financial specialist as a countervailing power

    NARCIS (Netherlands)

    ter Bogt, Henk; van Helden, G. Jan; van der Kolk, Berend

    2016-01-01

    Different types of ‘controllers’ can be distinguished in the public sector. The authors’ research indicates that public sector controllers acknowledge the distinctive characteristics of ‘hybrid’ controllers, but question some of the possible advantages of ‘pure’ controllers. This result could signal

  6. 公立高校校长遴选信息公开法律问题研究%Research on information disclosure of presidential selection in public university

    Institute of Scientific and Technical Information of China (English)

    姚金菊

    2014-01-01

    我国教育部推行的直属高校校长公开选拔借鉴了国外的经验,虽然国外大学校长遴选公开也存在着诸多争议。我国公立高校校长的公开选拔与美国相比,在依据、公开范围和方式以及救济等方面都有差异,甚至并未纳入有关信息公开的法律规范调整范围。未来我国高校校长选任办法的完善应当注重公开,以公开为突破口和制度保障,权衡知情权与隐私权、个体利益、公众利益与高校利益。%Presidential selection of public university directly under Ministry of Education of P.R.C. was experimented while there are many legal issues in presidential selection in U.S. There are many differences between two countries in provisions, scope, manner and remedies for information disclosure. Even in P.R.C. Presidential selection of public university has not been adjusted by information disclosure act. Presidential selection in P.R.C. should strengthen information disclosure as the key to advance education reform, and make a good balance between right to know and privacy, individual interests, public good interests and university interests.

  7. Participation of Public Benefit Organizations in Income Tax – Financial and Legal Issues

    Directory of Open Access Journals (Sweden)

    Robert Musiałkiewicz

    2014-03-01

    Full Text Available The purpose of the article is a legal analysis of the participation of public benefit organizations in personal income tax. The author defines public benefit organizations, indicating the conditions that they need to meet in order to be able to participate in the personal income tax. Broad considerations relate to the analysis of the legal structure of the 1% tax deduction, its scope and the procedures for transfer of funds from the State budget to eligible entities. The article also presents the scale of the issues against the background of the practical functioning of the public finances. The article summarizes the reflection on the rationality and the essence of the transfer of public funds to public benefit organizations.

  8. The Ariadne's thread in co-payment, primary health care usage and financial crisis: findings from Cyprus public health care sector.

    Science.gov (United States)

    Petrou, P

    2015-11-01

    Cyprus entered a prolonged financial recession in 2011 and by early 2013 it applied for an international bail-out agreement. This presupposed massive reforms in public governance. Health sector was considerably reformed and one of the measures was the introduction of co-payment for outpatient visits to public health care sector. The scope of this study is to assess the impact of financial crisis and co-payment to public outpatient visits in Nicosia urban and greater Nicosia region. An Interrupted time-series analysis. All outpatient visits to public health care family doctor/general practitioners in Nicosia urban and greater Nicosia region from January 2011 until May of 2014 were registered and analysed. Financial crisis did not alter outpatient visits. Introduction of co-payment led to a statistically significant decrease from the second month after its introduction (p = 0.048) (R(2) = 0.329, Q = 23.75, p = 0.137). This decrease was consistent until the end of the observational period and it did not level off. Financial crisis did not affect outpatient visits while co-payment can be considered as a potent cost containment measure during financial recession, by normalising utilisation of healthcare resources. Copyright © 2015 The Royal Society for Public Health. Published by Elsevier Ltd. All rights reserved.

  9. 20 CFR 632.32 - Financial management systems.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 3 2010-04-01 2010-04-01 false Financial management systems. 632.32 Section... Financial management systems. (a) Each Native American grantee, subgrantee and contractor shall maintain a financial management system which will provide accurate, current and complete disclosure of the financial...

  10. 公立医院财务管理及财务风险预警研究%Research on Public Hospital Financial Management and Financial Risk Early Warning

    Institute of Scientific and Technical Information of China (English)

    李晓娟; 钟华; 丁毅

    2016-01-01

    Financial management runs through the whole operation and management in hospital. It is an important part of modern hospital management and the core content of hospital management. Through the research on the present situation of public hospital financial management activities in China, this paper points out the problems existing in the current public hospital financial management, and puts forward the measures to improve and perfect the public hospital financial management. Finally, the hospital financial risk early warning system is built from the hospital economic benefit ability, operation ability, debt paying ability and developing ability, providing reference for public hospitals to strengthen financial management.%财务管理工作贯穿于医院整个经营管理,是现代医院管理活动的重要组成部分,是医院管理工作的核心内容。文章通过对我国公立医院财务管理活动现状的研究,指出了目前公立医院在财务管理过程中存在的问题,并提出改进和完善公立医院财务管理活动的举措。最后从医院经济效益能力、营运能力、偿债能力、发展能力4个指标上构建了医院财务风险预警系统,为公立医院加强财务管理具有现实借鉴意义。

  11. CREATIVE DISCLOSURE: AN EXPERIMENTAL STUDY

    Directory of Open Access Journals (Sweden)

    Cuzdriorean Dan Dacian

    2012-07-01

    Full Text Available This empirical study extends the study conducted by Vladu, Grosanu and Cuzdriorean (2012 and reached similar conclusions. This particular research was conducted with the scope of assessing the impact of: positive bias, persuasive language, creative visual manipulation and performance comparisons over the unsophisticated users of accounting opinion. We have chosen this particular category since retail investors have been identified as relying on the information provided in corporate annual reports for decision making (Wills, 2008. Based on their relative inexperience and limited knowledge of these investors it is plausible that they can be mislead easily comparing to more sophisticated users of accounting information, as financial analysts. The main argument for conducting such a research is the fact that little research was conducted so far and the effects of creative disclosure on investment decision cannot be assessed so far. Based on this, we conducted a laboratory experiment where participants where provided with an informational set of financial data and required to make an investment decision. Our results document that the users perceptions is strongly affected by creative disclosure, contradictory with previous results documented in the literature, that their opinion cannot be influenced since they relay mostly on numerical information and less on the narrative segments of the financial statements. Even if our sample compressed few participants, we consider the results conclusive. A further research can extend the sample and test if our research hypothesis can be validated. Another possible spring of research can deal with the assessing of the opinion of the users of accounting information that are not considered unsophisticated, as financial analysts.

  12. Product Disclosure Sheet of Islamic Bank in Malaysia: Home Financing

    OpenAIRE

    Muhammad Fakhirin, C. M.; Muhammad Nasri. M. H.; Nor Hayati, A.; Muhammad Ahmar, A.

    2016-01-01

    The diversity of financial products offered by the financial service providers along with the upwards trend of home financing in Malaysia has significant relationship with information disclosure about the products. Consistency in disclosing essential information is aimed at minimizing the mis-selling of financial products to avoid gharar (ambiguity). Therefore, the purpose of this study is to highlight the practice of disclosing information of the home financing products by five major commerc...

  13. Participation of Public Benefit Organizations in Income Tax – Financial and Legal Issues

    OpenAIRE

    Robert Musiałkiewicz

    2014-01-01

    The purpose of the article is a legal analysis of the participation of public benefit organizations in personal income tax. The author defines public benefit organizations, indicating the conditions that they need to meet in order to be able to participate in the personal income tax. Broad considerations relate to the analysis of the legal structure of the 1% tax deduction, its scope and the procedures for transfer of funds from the State budget to eligible entities. The article also presents...

  14. Applicability of the World Commission on Dams' recommendations for public financial institutions: a case for Japanese yen loan assistance

    Science.gov (United States)

    Fujikura, Ryo; Nakayama, Mikiyasu; Mori, Katsuhiko

    2003-10-01

    The World Commission on Dams (WCD) published Dams and Development as its only and final report in November 2000. Identifying core values and strategic priorities, the report proposed internationally acceptable criteria and standards. Despite the fact that the WCD itself did not intend that the report be used as a blueprint, many non-governmental organizations strongly support the report and the criteria and guidelines recommended in the report, and demand that they be adopted in their current form by funding organizations. The WCD criteria and guidelines were found to have several methodological problems, and it appears impossible to apply the recommended criteria and guidelines as they stand. This study examines the applicability of the WCD criteria and guidelines for public financing institutes involved in overseas development assistance and proposes necessary measures to increase their applicability in order to realize core values and strategic priorities. The character of and relationships among key decision points, strategic priorities, criteria, and guidelines should be clarified. Then, this study examines the applicability of the WCD recommendations for Japanese public financial institutions, as Japan has nearly become the sole bilateral donor providing financial assistance (loans) for large dam construction projects. The public financial institution can only be mandated to check the legal status of the decisions made regarding Stages 1 and 2 which are the first two of the five successive stages from the planning to the operation of the dam project. Needs assessment and alternative selection are expected to be conducted at Stage 1 and 2 respectively. The Japan Bank for International Cooperation (JBIC), which deals with the Japanese concessional yen loan, and the Japan International Cooperation Agency (JICA), which is in charge of technical assistance, are featured in this study. As for the Japanese concessional yen loan assistance, there are other inherent

  15. Bridging the financial gap through providing contract services: a model for publicly funded clinical biobanks.

    Science.gov (United States)

    Kozlakidis, Zisis; Mant, Christine; Cason, John

    2012-08-01

    Biobanks offer translational researchers a novel method of obtaining clinical research materials, patient data, and relevant ethical and legal permissions. However, such tissue collections are expensive to establish and maintain. Current opinion is that such initiatives can only survive with core funding from Government or major funding bodies. Given the present climate of financial austerity, funding agencies may be tempted to invest in fast-return research projects rather than in maintaining tissue collections, whose benefits will only become apparent in much longer timescales. Thus, securing additional funding for biobanks could provide a valuable boost enabling an extension of core services. Here we suggest that using biobank expertise to offer contract services to clinicians and industry may be an alternative approach to obtaining such extra funding.

  16. Financial crisis. How it affects the public health and health systems

    Directory of Open Access Journals (Sweden)

    Pavlos Sarafis

    2012-04-01

    Full Text Available Aim: The economic situation affects health indicators like life expectancy, morbidity, mortality and access to health services. Methodology: Α research in bibliography was done in Pubmed, Scopus, Sciverse with key words: health, health systems, economic crisis, unemployment, poverty. Results: Unemployment is also associated with increased daily alcohol consumption, suicides increase, domestic violence, and it reduces road deaths at 1.4%. In particular, poverty leads to disease as people are forced to live in degraded environment, fed poorly and work in dangerous and unhealthy environments. Conclusions: In particular, the economic crisis is leading to job insecurity, unemployment and poverty that eventually lead to the exclusion of more people something that is responsible for various mental disorders. Health systems on the other hand in crisis are facing financial problems because of reduced government spending on health due to economic scarcity and because of disruption of foreign economic aid from richer countries, which cover a large part of health funding.

  17. The Financial-Economic Aspect of the Media and the Public Service in the Globalization Era (Budget and Ownership Framework

    Directory of Open Access Journals (Sweden)

    Rutovic Zeljko

    2017-01-01

    Full Text Available This study deals with influence of globalization on the economic aspect of the media. Financing the media and the issue of ownership over them represents the fundamental framework on which basis the media work and direct their editorial policy. Principle position implies that owners of the media use power of media to promote their economic, political, cultural and other stances. A particular issue, especially in European countries in transition, represents the financing of public service, as a socially beneficial good. Many commercial media, on the basis of their financial and political power, are trying to diminish or discredit the power and role of the public service. Former socialist countries, now countries in transition, seek from their national budgets to maintain this kind of informing, that is, the public interest, education and promoting cultural values. The era of globalization brought, as one of its negative traits, the domination of profit over culture, education, and even over the right to have quality informing. So the mass media have become a sort of hostage of confrontation of different political and economic interests, which reflects on the quality of media content that strive towards sensationalism, advertocracy, tabloidization. Based on the case study of Montenegro, as a country in transition, the development of mass media is shown, including their financing, ownership structure, and profit.

  18. SIMILARITIES AND DISSIMILARITIES BETWEEN THE ROMANIAN PUBLIC ACCOUNTING SYSTEM AND IPSAS 1 – PRESENTATION OF FINANCIAL STATEMENTS

    Directory of Open Access Journals (Sweden)

    Andrei-Răzvan CRIȘAN

    2014-06-01

    Full Text Available Nowadays, the accounting harmonization in the public sector has become a key problem in the accounting world. The need for harmonization is generated by the globalization process, both in the private and public sector. This is the reason why the awareness of international bodies for public sector accounting harmonization is significantly raising. The aim of the paper is to compare the information disclosed by the Romanian legal framework to information disclosed by IPSAS 1 – Presentation of Financial Statements, in order to determine the extent to which Romanian laws took the provisions of this standard that is considered by researchers a significant point of modern accounting. The authors try to establish the extent to which the central Romanian regulations have taken the main provisions from IPSAS 1. The purpose is to discover the similarity degree between these two regulations. This study is useful for the authorities empowered to publish regulations because it helps to determine the most important omissions from IPSAS 1 and find the best solutions for improving the future legislation, in order to be as close as possible to IPSAS.

  19. Measuring the Quality of Service in the Financial Area of a Public University: Development and Validation of the Instrument

    Directory of Open Access Journals (Sweden)

    Víctor Manuel Alcantar Enríquez

    2014-12-01

    Full Text Available This research, consisting of a descriptive study with a non-experimental design, involved an analysis to determine the validity and reliability of an instrument composed of seventeen items aimed at assessing the quality of service in the financial area of a public university by means of four variables: tangibility, reliability, responsiveness and empathy. The methodological strategy included the design of the measuring instrument; verification of the validity of content and construct; and analysis of internal consistency by means of Cronbach’s alpha. The instrument was applied to 152 users of the service, attaining a reliability coefficient of 0.943. The results show that with respect to specific concepts, the questions were clear; nevertheless we found it necessary to relocate items and rename variables, which resulted in a valid and reliable instrument for measuring the quality of service in the context under study.

  20. 36 CFR 1121.11 - Accounting of disclosures.

    Science.gov (United States)

    2010-07-01

    .... 1121.11 Section 1121.11 Parks, Forests, and Public Property ARCHITECTURAL AND TRANSPORTATION BARRIERS... an accurate accounting of— (1) The date, nature and purpose of each disclosure of a record to any... life of the record, whichever is longer, after the disclosure for which the accounting is made; (c) The...

  1. 76 FR 18635 - Disclosure of Records or Information

    Science.gov (United States)

    2011-04-05

    ... correction of records. 304.26 Requests for an accounting of record disclosures. 304.27 Fees. 304.28 Notice of.... A publication contract would present a solid basis for such an expectation; the agency may also... informative value of the information to be disclosed: Whether the disclosure is ``likely to contribute'' to...

  2. Carbon disclosure, emission levels, and the cost of debt

    NARCIS (Netherlands)

    Kleimeier, S.; Viehs, P.M.

    2016-01-01

    In this paper, we investigate the effect of voluntary carbon emissions disclosure on the cost of debt of publicly listed firms. Using a unique and comprehensive database on carbon emissions from CDP (formerly ‘The Carbon Disclosure Project’), we study whether firms which choose to voluntarily

  3. 12 CFR 1102.307 - Disclosure of exempt records.

    Science.gov (United States)

    2010-01-01

    ... circumstances shall any person, entity or agency disclose or make public in any manner the exempt records or... shall disclose or permit the disclosure of any exempt records, or information contained therein, to any... Counsel. (b) Disclosure authorized. Exempt records or information of the ASC may be disclosed only in...

  4. The Relationship Between Corporate Social Responsibility Disclosure and Corporate Financial Performance under Media Exposure and its Implications:An Empirical Study Based on the CSR Report of Chinese Listed Firms%媒体关注下的CSR信息披露与企业财务绩效关系研究及启示——基于我国A股上市公司CSR报告的实证研究

    Institute of Scientific and Technical Information of China (English)

    陶文杰; 金占明

    2013-01-01

    企业社会责任(CSR)及信息披露已成为当前社会各界共同关注的热点问题.本文利用独立机构发布的我国A股上市公司CSR报告的评级数据,验证了当前时代背景下我国企业社会责任信息披露与企业财务绩效的关系,以及作为信息传递媒介和“公众日程设置者”的媒体的关注对于二者关系的影响作用.研究发现,高水平披露社会责任信息的企业的绩效明显高于低水平企业,但是这种作用关系是在媒体关注度这一变量的完全中介作用之下实现的.这一新发现不仅丰富和拓展了企业社会责任及信息披露的理论研究框架,对于基于战略性CSR思维制定相关战略的企业管理者也深具启发意义.%Nowadays,corporate social responsibility(CSR)and relative infromation disclosure have been hot spots of the public.Using the data on the ranking of Chinese listed firm's CSR reports,which is obtained from an independent institution,the relationship between corporate social responsibility disclosure(CSRD) and corporate financial performance(CFP),and the role played by media exposure,which acts as information distribution medium and the director of "public agenda setting" in the relationship between CSRD and CFP are examined.The results show that the more CSR information is disclosed,the better the CFP will be.However,such relationship is totally mediated by media exposure.This new finding not only enriches and expands the theory framework of CSR and CSRD,but also significantly enlightens business managers who make plan based on principles of strategic CSR during the process of relative strategy development.

  5. DO LISTED COMPANIES IN PSE MEET IFRS DISCLOSURE REQUIREMENTS

    Directory of Open Access Journals (Sweden)

    TEREZA MIKOVÁ

    2013-12-01

    Full Text Available Strong international integration and globalization affects the contemporary world´s economy which has influence in development of movement of capital, financial markets and decision making of each business entity. Because of increased force to comparability between companies, the idea of one single-setting globally accepted financial reporting standards was started in 1973 in London by International Accounting Standards Committee (IASC as a standards setter of International Accounting Standards (IAS. In the year 2000 the International Organization of Securities Commission (IOSCO recommended to use IFRS for all their members. The paper states about Prague Stock Exchange (PSE as a member of IOSCO, its index PX and companies which create the index PX. The index base is composed of 14 companies which reported their financial statements in accordance with International Financial Reporting Standards (IFRS, earlier IAS. The aim of the paper is to briefly introduce Prague Stock Exchange and index PX and to evaluate the chosen disclosure requirements of companies which create the index. The disclosure requirements, which are assessed are chosen from IAS 1: Presentation of Financial Statements and IFRS 8: Segments reporting. Research of disclosure requirements has been done by gathering the financial statements from years: 2011 and 2012 and assessment of chosen question is based on disclosure requirements of IAS 1 and IFRS 8. Those standards were chosen because of the wide range of companies. The next part of research is to assess the development between the compared years.

  6. Sources of financial pressure and up coding behavior in French public hospitals.

    Science.gov (United States)

    Georgescu, Irène; Hartmann, Frank G H

    2013-05-01

    Drawing upon role theory and the literature concerning unintended consequences of financial pressure, this study investigates the effects of health care decision pressure from the hospital's administration and from the professional peer group on physician's inclination to engage in up coding. We explore two kinds of up coding, information-related and action-related, and develop hypothesis that connect these kinds of data manipulation to the sources of pressure via the intermediate effect of role conflict. Qualitative data from initial interviews with physicians and subsequent questionnaire evidence from 578 physicians in 14 French hospitals suggest that the source of pressure is a relevant predictor of physicians' inclination to engage in data-manipulation. We further find that this effect is partly explained by the extent to which these pressures create role conflict. Given the concern about up coding in treatment-based reimbursement systems worldwide, our analysis adds to understanding how the design of the hospital's management control system may enhance this undesired type of behavior.

  7. The Ideology of New Public Management, Associational Representation and the Global Financial Crisis

    Directory of Open Access Journals (Sweden)

    Carlo Ruzza

    2014-11-01

    Full Text Available This paper argues that the 2008 financial crisis accelerated a set of long-term dynamics which in turn have undermined two dominant models of state-society relations. On the one hand, the paper examines how the concept of social citizenship is based on a vision of state-society relations, which in recent years has been oriented by a philosophy of marketization of the state and of the relation between citizens and the state. On the other hand, it discusses an emerging emphasis on the role of organised civil society as a different and competing approach to state-society relations. Discussion will centre on how the interactions between these two ideologies and the related practices have impacted on conceptions of the modern state. Among the factors that affect this interaction are the impact of migration, the erosion of welfare states, and the redefined character of social vulnerability which now affect new groups of individuals. The paper considers all these changes as background phenomena which impact on relations between state and society in several ways, but particularly in terms of the meaning of social citizenship

  8. 金融舆情理论国内外研究综述%Review of research on financial public opinion theory in domestic and abroad

    Institute of Scientific and Technical Information of China (English)

    张世晓

    2014-01-01

    Through the "Chinese HowNet" database search found that,as of April 25,2014,the title of "public opinion" contains all kinds of literature 5352 articles,the journal literature 3728 articles;however,including "financial public opinion" of all kinds of literature only 5 pieces.The related theoretical basis of financial public opinion research is not limited to public opinion or financial public opinion field, current research and Research on topics related to finance public opinion can be divided into three categories:the first category is the theoretical research of public opinion and public opinion evolution;the second category is the relevant theoretical research of financial public opinion;the third category is the social public opinion and its influence on the investment market.%通过“中国知网”数据库检索发现,截至2014年4月25日,篇名中包含“舆情”的各类文献有5352篇,其中期刊文献有3728篇;但是,包含“金融舆情”的各类文献仅有5篇。金融舆情研究的相关理论基础不仅限于舆情或金融舆情领域,与金融舆情研究主题相关的现有研究可以分为三类:第一类是舆情与舆情演化理论研究;第二类是金融舆情相关理论研究;第三类是社会舆论及其对投资市场的影响。

  9. Governança corporativa e a reação do mercado de capitais à divulgação das informações contábeis Corporate governance and capital markets' reaction to financial statement disclosure

    Directory of Open Access Journals (Sweden)

    Paulo Renato Soares Terra

    2006-12-01

    Full Text Available Este artigo investiga, através de um estudo de eventos, se a divulgação das informações contidas nas demonstrações financeiras, anuais e trimestrais, das empresas de capital aberto com ações negociadas na Bolsa de Valores de São Paulo (Bovespa afeta igualmente as empresas em geral e aquelas com sinalizadores diferenciados de boas práticas de governança corporativa. Foram analisadas 3.682 observações coletadas durante o período 1995-2002, representando as empresas com maior liquidez na Bovespa. Oito subamostras foram extraídas da amostra total, com a finalidade de verificar a reação dos investidores em relação à divulgação das demonstrações financeiras desses diferentes segmentos de empresas. Os resultados empíricos revelam que os investidores reagem de forma diferenciada a alguns sinalizadores de boas práticas de governança corporativa das empresas. Foi possível perceber retornos anormais significativos apenas em duas subamostras (empresas pontuais na divulgação das suas demonstrações financeiras e empresas privadas em relação aos seus pares (empresas que atrasaram a divulgação das suas demonstrações financeiras e empresas estatais.This study investigates whether disclosure of companies' financial statements influences the market pricing of their stocks by employing an event study in the Brazilian stock market. Also, it examines whether market reaction to the information contained in the financial statements is different for firms which signal good corporate governance practices in comparison with firms in general. The study comprises 3,682 observations of 255 firms over an 8-year period (1995-2002, representing the most liquid stocks listed in the Sao Paulo Stock Exchange (Bovespa. Eight subsamples are segmented from the "Total" sample, with the purpose of investigating investors' reaction to different types of firms. Empirical results indicate that investors react differently to firms that show some signs

  10. Are Vulnerability Disclosure Deadlines Justified?

    Energy Technology Data Exchange (ETDEWEB)

    Miles McQueen; Jason L. Wright; Lawrence Wellman

    2011-09-01

    Vulnerability research organizations Rapid7, Google Security team, and Zero Day Initiative recently imposed grace periods for public disclosure of vulnerabilities. The grace periods ranged from 45 to 182 days, after which disclosure might occur with or without an effective mitigation from the affected software vendor. At this time there is indirect evidence that the shorter grace periods of 45 and 60 days may not be practical. However, there is strong evidence that the recently announced Zero Day Initiative grace period of 182 days yields benefit in speeding up the patch creation process, and may be practical for many software products. Unfortunately, there is also evidence that the 182 day grace period results in more vulnerability announcements without an available patch.

  11. [The structure of financial planning of public health in Ukraine during the transitional period].

    Science.gov (United States)

    Koretskiy, V L

    1995-01-01

    Based on the newly developed concept of multilevel functional system of primary health care which is to replace the current multicomponent system, the author discusses the computer-aided realization of the system for estimation and analysis of the integral model of outpatient and inpatient medical care of the population of the Ukraine. This system is intended to solve the problems associated with intensification of the resources of the public health system of the Republic (district).

  12. Public Debt Tipping Point Studies Ingnore How Exchange Rate Changes May Create A Financial Meltdowns

    OpenAIRE

    Pope, Robin; Selten, Reinhard

    2012-01-01

    In studies concluding that public debt may hamper GDP, the debt tipping effects are estimated as if there were a single world currency. This means that such studies ignore the likely biggest cause of changes in growth rates, namely damage from exchange rate liquidity shocks because we do not live in the fairyland of a single world currency. The conclusions of these studies are accordingly invalid. They deflect attention from a prime danger, namely an exchange-rate-precipitated global meltdown...

  13. Internationalization and environmental disclosure: the role of home and host institutions

    NARCIS (Netherlands)

    Kolk, A.; Fortanier, F.

    2013-01-01

    Purpose - The domestic institutional context has emerged as a key determinant of firms' environmental disclosure, but studies have hardly addressed the extent to which exposure to foreign institutional contexts plays a role in the occurrence and contents of non-financial disclosure, which are crucia

  14. 7 CFR Appendix B to Part 3018 - Disclosure Form To Report Lobbying

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 15 2010-01-01 2010-01-01 false Disclosure Form To Report Lobbying B Appendix B to... FINANCIAL OFFICER, DEPARTMENT OF AGRICULTURE NEW RESTRICTIONS ON LOBBYING Pt. 3018, App. B Appendix B to Part 3018—Disclosure Form To Report Lobbying EC13SE91.000 EC13SE91.001 EC13SE91.002...

  15. Internationalization and environmental disclosure: the role of home and host institutions

    NARCIS (Netherlands)

    Kolk, A.; Fortanier, F.

    2013-01-01

    Purpose - The domestic institutional context has emerged as a key determinant of firms' environmental disclosure, but studies have hardly addressed the extent to which exposure to foreign institutional contexts plays a role in the occurrence and contents of non-financial disclosure, which are

  16. Integration of healthcare and financial information: Evaluation in a public hospital using a comprehensive approach.

    Science.gov (United States)

    Escobar-Pérez, Bernabé; Escobar-Rodríguez, Tomás; Bartual-Sopena, Lourdes

    2016-12-01

    Public healthcare organisations are moving towards the use of new technologies to automate and improve their internal processes in order to increase the effectiveness and efficiency of their use of resources. The aim of this research is to tackle the systematic evaluation of an experience of integrating information in a healthcare organisation, paying attention to the implications that this entails. The results show that the integration of the information in the hospital results in higher levels of quality. This study contributes a vision of interrelated work, in which tasks are shared and aims are jointly established.

  17. Provision of financial services, violation of public law conduct of business rules, and private law norm settinga Dutch, German, and European perspective

    NARCIS (Netherlands)

    Wallinga, Marnix

    2014-01-01

    Legal uncertainty exists with regards to the relationship between a violation of public law conduct of business rules and private law norm setting. In the area of financial services this uncertainty has led to the question whether private law duties of care can deviate from the norms pursuant to fin

  18. How Need-Based Financial Aid Reduces College Attrition among Low-Income Public University Students: The Role of Time Use

    Science.gov (United States)

    Goldrick-Rab, Sara; Harris, Douglas N.; Benson, James

    2011-01-01

    The authors examine whether a need-based financial grant distribution "at random" to 1,500 Wisconsin Pell Grant recipients attending 13 public universities had an impact on how they allocated their time devoted to (a) working, (b) studying, (c) sleeping, and (d) socializing. To test whether time use mediates the relationship between aid…

  19. Listed Corporations and Disclosure: Australia and New Zealand - A Contrasting Yet Convegering Dynamic

    National Research Council Canada - National Science Library

    Kalmen Datt; Adrian Sawyer

    2011-01-01

    ... that have a major presence on both sides of the Tasman. In this paper we examine how listed companies have made disclosures in their financial statements in relation to material tax disputes with the respective revenue authorities...

  20. Public Opinion Regarding Financial Incentives to Engage in Advance Care Planning and Complete Advance Directives.

    Science.gov (United States)

    Auriemma, Catherine L; Chen, Lucy; Olorunnisola, Michael; Delman, Aaron; Nguyen, Christina A; Cooney, Elizabeth; Gabler, Nicole B; Halpern, Scott D

    2017-09-01

    The Centers for Medicare & Medicaid Services (CMS) recently instituted physician reimbursements for advance care planning (ACP) discussions with patients. To measure public support for similar programs. Cross-sectional online and in-person surveys. English-speaking adults recruited at public parks in Philadelphia, Pennsylvania, from July to August 2013 and online through survey sampling international Web-based recruitment platform in July 2015. Participants indicated support for 6 programs designed to increase advance directive (AD) completion or ACP discussion using 5-point Likert scales. Participants also indicated how much money (US$0-US$1000) was appropriate to incentivize such behaviors, compared to smoking cessation or colonoscopy screening. We recruited 883 participants: 503 online and 380 in-person. The status quo of no systematic approach to motivate AD completion was supported by 67.0% of participants (63.9%-70.1%). The most popular programs were paying patients to complete ADs (58.0%; 54.5%-61.2%) and requiring patients to complete ADs or declination forms for health insurance (54.1%; 50.8%-57.4%). Participants more commonly supported paying patients to complete ADs than paying physicians whose patients complete ADs (22.6%; 19.8%-25.4%) or paying physicians who document ACP discussions (19.1%; 16.5%-21.7%; both P < .001). Participants supported smaller payments for AD completion and ACP than for obtaining screening colonoscopies or stopping smoking. Americans view payments for AD completion or ACP more skeptically than for other health behaviors and prefer that such payments go to patients rather than physicians. The current CMS policy of reimbursing physicians for ACP conversations with patients was the least preferred of the programs evaluated.

  1. Corporate social responsibility and corporate governance in Indonesian public listed companies

    Directory of Open Access Journals (Sweden)

    Ika Siti Rochmah

    2017-01-01

    Full Text Available This study aims to investigate whether theree has been a change in the level of corporate social responsibility (CSR disclosure and to examine whether corporate governance attributes influence CSR disclosure in corporate annual report of Indonesian public listed companies(PLCs. The annual reports of 115 PLC for two years (2011 and 2012 were analysed using content analysis. Multiple regression analysis was utilized to determine factors influencing CSR disclosure in annual reports. Consistent with expectations, the paired sample t-test showed that there was an increase (significant at the 1 percent level in the extent of CSR disclosure. The multiple regression analysis revealed that audit committee effectiveness and company’s size were positively associated with the extent of CSR disclosure (significant at 5 per cent level. The findings appear to suggest that The Indonesian Capital Market and Financial Institutions Supervisory Agency (Bapepam LK effforts in promoting CSR through the release of Regulation No X.K.6 in 2012 have had some positive impact on CSR disclosure in annual report. The results also suggest that the involvement of audit committee through its effectiveness in overseeing company’s financial reporting could lead to better concern in corporate social activities and hence disclosure in annual reports. This study however, has limitation that should be considered in interpreting the results. The regression model documented an R2 of 21.4 percent, which indicates that almost 80 percent of factors influencing CSR disclosure in Indonesian PLC have not been captured by the model. These other factors may perhaps be indentified in the next research.

  2. eSelf Disclosure

    Science.gov (United States)

    The initial module incorporated into the application was the eDisclosure module to track regulatory audit disclosure reports that come through EPA's Central Data Exchange to Region 6 for review, and if approved, route Notice of Determinations back to the disclosing entity via email. This module was developed in 2007 and approved for use on the local area network in September 2008.

  3. Tax Incentives Culture: An Analysis of Corporate Disclosures in Southern Brazil

    Directory of Open Access Journals (Sweden)

    Luciano Gomes dos Reis

    2016-12-01

    Full Text Available The disclosure of tax incentives Culture is essential for external users to make full analysis of the benefits generated by them. In this sense, the aim of this study was to verify the consistency and form of disclosure of the information disclosed by the Corporation Publicly Traded in southern Brazil, from the perspective of reducing the tax burden and the amount allocated to the Culture. The sample consisted of 27 Corporate Capital Open in southern Brazil and analyzed its financial statements, accompanying notes and supplementary reports through pre-established keywords, characterizing the research as descriptive, with a qualitative approach. The results showed the importance of the Notes, the Management Report and additional reports as Social and Sustainability Report. These reports had relevant information and helpful research. However, many of them did not have clear information about the tax incentives for culture. Some companies released the tax incentive culture along with other incentives, such as the Workers Food Program - PAT, which did not allow detailed analysis of the data. We found cases of disagreement between the Ministry of Culture and information disclosed statements. In some cases, were observed lack of information about the tax incentives in the statements and supplementary reports. It was concluded that the disclosure is lower than necessary, because only four out of a total of twenty seven companies analyzed, reported consistent, complete and appropriate on tax incentives for culture.

  4. Mandatory and voluntary disclosures of Serbian listed companies: Achieved level and some recommendation for improving their relevance

    OpenAIRE

    Denčić-Mihajlov, Ksenija; Spasić, Dejan

    2016-01-01

    Purpose - This paper investigates mandatory and voluntary disclosure practices of non-financial listed companies on the Belgrade Stock Exchange. The results help in determining the level of transparency of Serbian s listed companies and in formulating recommendations for improving the quality and relevance of disclosed information. Design/methodology/approach - We focus on modeling both mandatory and voluntary disclosure indices for financial and non-financial information in order to evaluate...

  5. Balancing Responsibilities – Financial Literacy

    Directory of Open Access Journals (Sweden)

    Gail Pearson

    2017-03-01

    Full Text Available In Australia there is an obligation to promote the informed participation of financial consumers while in South Africa there is an obligation to educate consumers. The Australian obligation is concerned with the financial system as a whole while the South African obligation has generally been focused on general financial education as a tool to promote financial inclusion. There is no obligation for consumers to attain a minimum standard of literacy in credit or finance generally. Financial literacy is one among a number of strategies directed towards inducing changes in consumer behaviour. It sits between the old regulatory model which relies on disclosure of information for effective and rational decision-making and a newer regulatory model which takes into account individuals' perceptions and behavioural biases and may seek to accommodate for these by imposing obligations on financial services providers beyond the mere disclosure of information. Financial literacy is generally the ability to understand how money works, how a person can earn money or make it more. It specifically refers to the set of skills and knowledge that allows people to make informed and effective decisions with all of their financial resources. This article discusses Australian and South African legal obligations and social responsibilities aimed at promoting the financial literacy of consumers.

  6. MARKET RISK INFORMATION DISCLOSURE: A CASE OF COMPANIES WITHIN PSI 20

    OpenAIRE

    Alves, Maria Teresa Venâncio Dores; Graça, Mónica Lopes

    2013-01-01

    It is compulsory for listed companies to fulfil a set of requirements about market risk information disclosure. That happens, among other reasons, because of the impositions of Comissão de Mercado de Valores Mobiliários and the accounting rules, particularly the International Financial Standard (IFRS) 7 “Financial Instruments: Disclosures”. The objective of the present study is to verify the market risk information disclosure practices of the companies that integrate the Portuguese Stock Inde...

  7. Financial analysis of diabetic patients hospitalizations submitted to lower limb amputation in a public hospital

    Directory of Open Access Journals (Sweden)

    Renata Santos Silva

    2015-03-01

    Full Text Available This study is a documental descriptive analysis which aimed to verify the cost established in 2006, in relation to the hospitalization of 21 diabetic patients submitted to the lower limb amputation in a public hospital and the value transferred by the Unified Health System (SUS regarding this procedure. Among the studied patients, 57.14% were female and 42.86% male, aged 40 to 90 years. The time of diagnosis varied from 5 to 25 years. The average of hospitalization was 14 days per patient. The cost to the hospital was R$ 99,455.74, average cost per patient was R$ 4,735.98. The total amount transferred by SUS to the hospital was R$ 27,740.15, a cost 3.6 times lower than the hospital costs. The SUS transferring is in accordance with the predetermined values for its table of procedure. Prevention is the only alternative to reduce the rate of amputation and improve survival of diabetes patients. It is necessary an early diagnosis and better control of diabetes mellitus with appropriate government and institutional policies.

  8. 45 CFR Appendix B to Part 604 - Disclosure Form To Report Lobbying

    Science.gov (United States)

    2010-10-01

    ... 45 Public Welfare 3 2010-10-01 2010-10-01 false Disclosure Form To Report Lobbying B Appendix B to Part 604 Public Welfare Regulations Relating to Public Welfare (Continued) NATIONAL SCIENCE FOUNDATION NEW RESTRICTIONS ON LOBBYING Pt. 604, App. B Appendix B to Part 604—Disclosure Form To Report...

  9. 42 CFR 57.208 - Health professions student loan promissory note and disclosure requirements.

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Health professions student loan promissory note and disclosure requirements. 57.208 Section 57.208 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND... promissory note and disclosure requirements. (a) Promissory note form. Each health professions student loan...

  10. 45 CFR 1705.5 - Disclosure of requested information to individuals.

    Science.gov (United States)

    2010-10-01

    ... 45 Public Welfare 4 2010-10-01 2010-10-01 false Disclosure of requested information to individuals. 1705.5 Section 1705.5 Public Welfare Regulations Relating to Public Welfare (Continued) NATIONAL COMMISSION ON LIBRARIES AND INFORMATION SCIENCE PRIVACY REGULATIONS § 1705.5 Disclosure of...

  11. A Comparison of the Financial Management Curriculum at the Naval Postgraduate School and Other Graduate Public Financial Management Curricula in the United States

    Science.gov (United States)

    1992-06-01

    NASPAA, 1990]. A review of the directory indicated that 91 schools offer MPA programs with a Public Finance /Budget concentration. Those schools are...including debt management. 2) Public economics including cost/benefit analysis and pricing. 3) Governmental accounting. 4) Public finance . 5) Budgeting. 6...process & analysis, micro/macro economics, cost/benefit analysis, project planning and management, procurement, and public finance would round out the

  12. Combining the benefits of decision science and financial analysis in public health management: a county-specific budgeting and planning model.

    Science.gov (United States)

    Fos, Peter J; Miller, Danny L; Amy, Brian W; Zuniga, Miguel A

    2004-01-01

    State public health agencies are charged with providing and overseeing the management of basic public health services on a population-wide basis. These activities have a re-emphasized focus as a result of the events of September 11, 2001, the subsequent anthrax events, and the continuing importance placed on bioterrorism preparedness, West Nile virus, and emerging infectious diseases (eg, monkeypox, SARS). This has added to the tension that exists in budgeting and planning, given the diverse constituencies that are served in each state. State health agencies must be prepared to allocate finite resources in a more formal manner to be able to provide basic public health services on a routine basis, as well as during outbreaks. This article describes the use of an analytical approach to assist financial analysis that is used for budgeting and planning in a state health agency. The combined benefits of decision science and financial analysis are needed to adequately and appropriately plan and budget to meet the diverse needs of the populations within a state. Health and financial indicators are incorporated into a decision model, based on multicriteria decision theory, that has been employed to acquire information about counties and public health programs areas within a county, that reflect the impact of planning and budgeting efforts. This information can be used to allocate resources, to distribute funds for health care services, and to guide public health finance policy formulation and implementation.

  13. Market Motivations for Voluntary Carbon Disclosure in Real Estate Industry

    Science.gov (United States)

    Ufere, Kalu Joseph; Alias, Buang; Godwin Uche, Aliagha

    2016-07-01

    Climate change mitigation in developing economies is a balancing act, between economic development and environmental sustainability. The need for market friendly determinants for low carbon economy, without compromising economic development is of essence. The aim of the study is to determine market friendly factors, which motivates voluntary carbon information disclosure, in the real estate industry. The study modeled economic factor with three variables and financial market factor with three variables against voluntary carbon information disclosure in the real estate industry. Structural equation modeling was used for the modeling and content analysis was used to collect data on the level of voluntary carbon information disclosure, from 2013 annual reports of 126 real estate sector companies listed in the Kuala Lumpur Stock Exchange (KLSE). The model achieved a good fit, and was acceptable prediction. The results show that financial market factor has a significant predictive influence on voluntary carbon disclosure. The application of the result is that financial market factor is has a significantly positive influence on companies’ willingness to make voluntary carbon disclosure in the real estate industry. The result may be limited to the real estate industry that is highly leveraged on syndicated fund.

  14. 从公共治理理论的视角探讨公立医院财务治理%Research on public hospital financial governance based on the public governance theory

    Institute of Scientific and Technical Information of China (English)

    夏冕

    2013-01-01

    将公共治理理论引入公立医院财务治理研究领域,分析了公共治理理论与公立医院治理框架下财务治理研究的内在逻辑关系:包括公立医院财务治理的现实背景及其对于公共治理理论的需求性;公共治理理论在公立医院财务治理领域的适用性及其启示.公共治理理论对于公立医院财务治理的启示在于:政府治理职能的重新定位与治理主体的多元化,治理结构的协同性和治理权力共享性以及治理行为的责任性与治理绩效评价.%This article introduced the public governance theory into the study of financial governance of public hospitals and analyzed the internal logical relations between public governance theory and financial governance study under the framework of public hospital management.These include the present background of financial governance of public hospital and its demand for public governance,public governance theory's applicability and its inspiration in the field of financial governance of public hospitals.The inspirations of public governance theory are as follows:repositioning of government governance responsibility and diversification of governance subjects,synergy of governance structure and shared competency of governance power,as well as the accountability of governance behavior and performance evaluation of governance.

  15. Disclosure of price-sensitive information

    DEFF Research Database (Denmark)

    Schaumburg-Müller, Peer; Werlauff, Erik

    2013-01-01

    “on its own responsibility” in order not to damage the company’s legitimate interests – cf. on this Article 6(2) of Directive 2003/6/EC, which provides that “An issuer may, on his own responsibility, delay the public disclosure of inside information … so as not to prejudice his legitimate interests...

  16. 17 CFR 210.10-01 - Interim financial statements.

    Science.gov (United States)

    2010-04-01

    ... information presented not misleading. Registrants may presume that users of the interim financial information... the following exceptions: (1) Interim financial statements required by this rule need only be provided... not be shown separately. (5) The interim financial information shall include disclosures either on...

  17. 7 CFR 246.13 - Financial management system.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 4 2010-01-01 2010-01-01 false Financial management system. 246.13 Section 246.13... State Agency Provisions § 246.13 Financial management system. (a) Disclosure of expenditures. The State agency shall maintain a financial management system which provides accurate, current and complete...

  18. 17 CFR 229.302 - (Item 302) Supplementary financial information.

    Science.gov (United States)

    2010-04-01

    ... paragraphs 9-34 of Statement of Financial Accounting Standards (“SFAS”) No. 69, “Disclosures about Oil and... financial information. 229.302 Section 229.302 Commodity and Securities Exchanges SECURITIES AND EXCHANGE... 1934 AND ENERGY POLICY AND CONSERVATION ACT OF 1975-REGULATION S-K Financial Information §...

  19. VAR—ANALYSIS OF GLOBAL FINANCIAL ECONOMIC CRISIS IMPACT ON PUBLIC BUDGET AND UNEMPLOYMENT: EVIDENCE FROM THE ECONOMY OF THE KYRGYZ REPUBLIC

    Directory of Open Access Journals (Sweden)

    Nargiza Bakytovna Alymkulova

    2016-12-01

    Full Text Available The Global financial crisis hit the economy of the Kyrgyz Republic by the third wave of its transmission in the early of 2009. The article examines the impact of the Global financial economic crisis on the public budget and unemployment of the Kyrgyz Republic. We analyzed the transmission of the crisis on the public budget firstly and its effect on unemployment level by using the vector autoregression approach (VAR and quarterly data for 2005–2013 within the framework of IS-LM model for small open economies with floating exchange rate. There is an inverse relationship between the public budget and remittances inflow, liquidity level, volume of deposits, and exchange rate. As a result of the study, the fall in remittances inflows, liquidity level of the banking system, depreciation of the national currency lead to an increase in public revenue. Therefore, the increase in public spending during the crisis period, with the aim of unemployment reduction, may be considered as a crucial policy. The study result allows to policy-makers to exactly know what channels of transmission mechanism transfer the Global crisis on the public budget and its effect on unemployment level of the republic in order to undertake anticrisis macroeconomic policy. The final result of the study indicates that the increase of unemployment level by 1 % requires the increase of public spending by 0.63 %.

  20. Financialization and financial profit

    Directory of Open Access Journals (Sweden)

    Arturo Guillén

    2014-09-01

    Full Text Available This article starts from the critical review of the concept of financial capital. I consider it is necessary not to confuse this category with of financialization, which has acquired a certificate of naturalization from the rise of neoliberalism. Although financial monopoly-financial capital is the hegemonic segment of the bourgeoisie in the major capitalist countries, their dominance does not imply, a fortiori, financialization of economic activity, since it depends of the conditions of the process reproduction of capital. The emergence of joint stock companies modified the formation of the average rate of profit. The "promoter profit" becomes one of the main forms of income of monopoly-financial capital. It is postulated that financial profit is a kind of "extraordinary surplus-value" which is appropriated by monopoly-financial capital by means of the monopolistic control it exerts on the issue and circulation of fictitious capital.

  1. Assessing the National Bioengineered Food Disclosure Standard of 2016: Can Americans Access Electronic Disclosure Information?

    Directory of Open Access Journals (Sweden)

    Craig F. Berning

    2017-05-01

    Full Text Available The debate as to whether to require mandatory labeling of genetically modified organism (GMO foods was partially settled on 29 July 2016, when President Obama signed the National Bioengineered Food Disclosure Standard into public law. In contrast to precipitating legislation passed by the State of Vermont that required disclosure of GMO ingredients on food shelves or food packages, the superseding National Standard allows firms to disclose bioengineered ingredients to consumers via symbols, electronic or digital links, or phone numbers, and further requires a study assessing the ability of consumers to access disclosure information by these means. This communication analyzes survey responses from 525 adults to investigate whether U.S. consumers are able to obtain information as per the disclosure methods allowed in the Federal legislation. The survey probes deeper to investigate consumer perceptions of genetically modified organisms and whether consumers would use the tools available to access disclosure about bioengineered ingredients. Findings from the survey show that 93.8% of respondents have the ability to access information via the disclosure methods permitted. Those in the lowest income group, and from the oldest age group are least likely to have such access. This provides the United State Department of Agriculture with information relevant to how they can implement the law and highlights particular demographic segments that may require additional attention to ensure the disclosed information is universally accessible.

  2. 78 FR 42521 - Notice of Issuance of Statement of Federal Financial Accounting Standards 45 and Scheduled Public...

    Science.gov (United States)

    2013-07-16

    ... ADVISORY BOARD Notice of Issuance of Statement of Federal Financial Accounting Standards 45 and Scheduled... Accounting Standards Advisory Board (FASAB) has issued Statement of Federal Financial Accounting Standard 45... Loughan, Assistant Director, no later than one week prior to the hearing. Ms. Loughan can be reached...

  3. Financial Autonomy as a Necessary Condition for the Functioning of Public Institutions of Higher Education in Ukraine

    Directory of Open Access Journals (Sweden)

    Vynogradnya Vita

    2016-11-01

    Full Text Available The article analyzes the main directions of development of financial autonomy of universities. The alternative sources of funding universities in terms of the lack of funding are determined. It has been found out that the proper organization of financial structure and expansion of the areas of fundraising by universities contributes to their competitiveness.

  4. 20 CFR 726.113 - Disclosure of confidential information.

    Science.gov (United States)

    2010-04-01

    ... information. Any financial information or records, or other information relating to the business of an... 20 Employees' Benefits 3 2010-04-01 2010-04-01 false Disclosure of confidential information. 726.113 Section 726.113 Employees' Benefits EMPLOYMENT STANDARDS ADMINISTRATION, DEPARTMENT OF LABOR...

  5. Societal determinants of corporate social disclosures : an international comparative study

    NARCIS (Netherlands)

    Orij, René Pieter

    2012-01-01

    The purpose of this study is to investigate whether corporate social disclosure levels are determined by society. A social accounting methodology is applied, consisting of a hypothetico-deductive approach. Social accounting research is a critical or interpretative branch of financial accounting rese

  6. Societal determinants of corporate social disclosures : an international comparative study

    NARCIS (Netherlands)

    Orij, René Pieter

    2012-01-01

    The purpose of this study is to investigate whether corporate social disclosure levels are determined by society. A social accounting methodology is applied, consisting of a hypothetico-deductive approach. Social accounting research is a critical or interpretative branch of financial accounting

  7. 75 FR 59865 - Short-Term Borrowings Disclosure

    Science.gov (United States)

    2010-09-28

    ... registrant to provide, in a separately captioned subsection of Management's Discussion and Analysis of... the terminology contained in the proposed short-term borrowings disclosure requirement. In a companion... liquidity and capital resources in Management's Discussion and Analysis of Financial Condition and...

  8. Practical Application of the Financial Management Capacity Model in Public Hospitals%财务管理能力模型在公立医院中的实践运用

    Institute of Scientific and Technical Information of China (English)

    夏伟巍

    2015-01-01

    To evaluate the financial management capacity of public hospitals by using the financial management capability model, as well as identifying problems and strengthening financial risk control, in order to improve the level of financial management in public hospitals.%运用财务管理能力模型评价公立医院的财务管理能力,找出存在的问题,加强财务风险控制,从而提升公立医院的财务管理水平。

  9. Fraudulent financial reporting in public companies in Indonesia: An analysis of fraud triangle and responsibilities of auditors

    Directory of Open Access Journals (Sweden)

    Sri Astuti

    2015-08-01

    Full Text Available This study investigates the determinants of fraudulent financial reporting in Indonesia and the responsibility of auditor for fraudulent financial reporting. This study posits that fraud triangle affects the fraudulent financial reporting, and auditors do not give unqualified opinion for fraud firms. The sample consists of 380 firms listed on Indonesia Stock Exchange. The 39 of 380 firms have received punishment from BAPEPAM during 2007-2010 periods. This study uses logistic regression to test the first hypothesis and correlation to test the second hypothesis. The finding suggests that: 1 fraud triangle (opportunity, pressure, and rationalization does not affect the fraudulent financial reporting; 2 auditor opinion has a positive correlation towards fraudulent financial reporting.

  10. AUDIT DISCLOSURE OF MATERIAL INFORMATION ON OPERATING SEGMENTS THE ACTIVITIES OF THE ORGANIZATIONS OF TOURIST SPHERE

    Directory of Open Access Journals (Sweden)

    Екатерина Николаевна Скорикова

    2013-04-01

    Full Text Available In modern conditions market economy for take decisions of use services tourist organizations, users not enough relevant information of financial result activities.The article considered audit disclosure relevant information on operating segments activities, for example tourist organizations.In result research considered operating segments on current and discontinued activities, and their impact on disclosure relevant information of financial result.Proposed option disclosure relevant information on operating segments activities in explanatory Note to the annual financial statements.Received results prove, that information on operating segments activities essential in all aspects.Results research has as theoretical so and practical significance, and can used at further development theoretical and practical questions on disclosure relevant information of activities organizations of tourist sphere.DOI: http://dx.doi.org/10.12731/2218-7405-2013-1-2

  11. AUDIT DISCLOSURE OF MATERIAL INFORMATION ON OPERATING SEGMENTS THE ACTIVITIES OF THE ORGANIZATIONS OF TOURIST SPHERE

    Directory of Open Access Journals (Sweden)

    Skorikova Ekaterina Nikolaevna

    2013-01-01

    Full Text Available In modern conditions market economy for take decisions of use services tourist organizations, users not enough relevant information of financial result activities. The article considered audit disclosure relevant information on operating segments activities, for example tourist organizations. In result research considered operating segments on current and discontinued activities, and their impact on disclosure relevant information of financial result. Proposed option disclosure relevant information on operating segments activities in explanatory Note to the annual financial statements. Received results prove, that information on operating segments activities essential in all aspects. Results research has as theoretical so and practical significance, and can used at further development theoretical and practical questions on disclosure relevant information of activities organizations of tourist sphere.

  12. Good business? The struggles for regulating ESG disclosure

    Directory of Open Access Journals (Sweden)

    David Monciardini

    2012-06-01

    Full Text Available During the last decade, the regulation of corporate social and environmental disclosure and reporting has gradually but steadily emerged. What explains its emergence at different levels of regulation and through varying modes of governance? Which political and socio-economic actors are involved? Who has benefitted from its emergence? The onset of the current economic and sustainability crisis has shown the need for a more ‘regulated capitalism’ and called for a re-assessment of dominant ideas about ‘CSR’ and ‘corporate governance’. Better transparency and disclosure have often been indicated as a solution to this impasse. The paper focuses on the emergence of Environmental, Social and Governance (ESG disclosure regulation in Europe during the last decade. It is organized in four main sections. After introducing the argument within the literature on the regulation of corporate accountability, the second section offers an historical overview of the recursive emergence of environmental and social disclosure regulation. Thereafter, the paper briefly reviews the current debate over the regulation of ESG disclosure. In particular, it outlines the interests of the main constituencies involved at the EU-level: large corporations, institutional investors, trade unions, NGOs, professional accountants and financial analysts, public authorities. The last part develops an argument suggesting the current emergence of ESG disclosure regulation constitutes an institutional investors’ strategy to strengthen, on the one hand, their control over managers and, on the other hand, the legitimacy of their claims over companies resources. Durante la última década la regulación de la transparencia social y ambiental ha surgido a un ritmo constante y gradual. ¿Cómo se explica su aparición en los diferentes niveles de regulación y a través de diversos sistemas de gobernanza? ¿Qué actores políticos y socio-económicos están implicados? ¿Quién se

  13. Shaping Effect of Charitable Organizations’ Information Disclosure on Their Public Credibility:Analyzing the Recent Evolution of Charitable Organizations’ Public Credibility in China%论慈善组织信息公开的公信力塑造功能--基于近年中国慈善组织公信力嬗变视角的分析

    Institute of Scientific and Technical Information of China (English)

    赵春雷

    2015-01-01

    公信力是慈善组织生存和发展之本,但中国慈善组织在之前特定环境中建立的初始公信力,却在近年市民社会发育、信息社会深化和政府公信力转型的影响下,遇到严峻挑战,导致一些慈善组织面临公信力危机。慈善组织信息公开具有正面信息传播、虚假信息证伪、公众权益实现、信任关系固化等功能,这有助于重构慈善组织与社会公众之间的信任关系。因此,应该从信息源的改善、信息公开内容的保证、信息公开服务的优质提供、信息公开过程的优化等方面做好信息公开工作,以重塑中国慈善组织的公信力。%The public credibility is essential to the survival and development of any charitable organi-zation. But the original credibility which Chinese charitable organizations gained in the specific histori-cal and social environments are facing severe challenges in the current context of the quick develop-ment of civil society, information disclosure and the transformation in government’s public credibility. Some charitable organizations in China are now confronted with credibility crisis. Since the information disclosure can serve such functions as to spread positive information, deny false information, fulfill the rights and interests of the public and consolidate the trust between various stakeholders, it is urgent to improve the source of information, guarantee the reliability of the information disclosed, provide a quality service of information disclosure and optimize the process of information disclosure. Only by so doing can Chinese charitable organizations regain their public credibility.

  14. Consolidating Financial Statements.

    Science.gov (United States)

    Wood, Marcia R.

    This publication is designed to be a desktop reference and assist financial officers in both public and independent institutions of higher education in the preparation of consolidated financial statements. Chapter 1 covers generally accepted accounting principles and other accounting literature, and summarizes reporting rules of the Financial…

  15. Empirical Research on Factors Influencing Level of Environmental Protection Information Disclosure in Annual Reports by Listed Companies

    Institute of Scientific and Technical Information of China (English)

    Zhu Jinfeng; Xue Huifeng

    2009-01-01

    Taking 248 A-share manufacturing listed companies in 2006 Shanghai Stock Exchange as example,using "index method" to measure level of environmental protection information disclosure,this paper examines the factors influencing level of environmental protection information disclosure.The findings show that the disclosure level has improved,but the overall level is still low and unable to satisfy information users;there is positive correlation between corporate size,industry type,accounting firm's type and corporate environmental disclosure index.The companies of large scale and heavy pollution and those audited by international "Big 4" and domestic "Big 10" accounting firms have a high level of environmental disclosure,while the profitability and financial leverage has no impact on the disclosure level.Finally some suggestions are put forward to establish environmental information disclosure system in China.

  16. Three controversies over item disclosure in medical licensure examinations

    Directory of Open Access Journals (Sweden)

    Yoon Soo Park

    2015-09-01

    Full Text Available In response to views on public's right to know, there is growing attention to item disclosure – release of items, answer keys, and performance data to the public – in medical licensure examinations and their potential impact on the test's ability to measure competence and select qualified candidates. Recent debates on this issue have sparked legislative action internationally, including South Korea, with prior discussions among North American countries dating over three decades. The purpose of this study is to identify and analyze three issues associated with item disclosure in medical licensure examinations – 1 fairness and validity, 2 impact on passing levels, and 3 utility of item disclosure – by synthesizing existing literature in relation to standards in testing. Historically, the controversy over item disclosure has centered on fairness and validity. Proponents of item disclosure stress test takers’ right to know, while opponents argue from a validity perspective. Item disclosure may bias item characteristics, such as difficulty and discrimination, and has consequences on setting passing levels. To date, there has been limited research on the utility of item disclosure for large scale testing. These issues requires ongoing and careful consideration.

  17. An implementation assessment of China's Environmental Information Disclosure Decree

    Institute of Scientific and Technical Information of China (English)

    Lei Zhang; Arthur P.J Mol; Guizhen He; Yonglong Lu

    2010-01-01

    China's 2007 Open Government Information Regulations is widely considered as a milestone in the country's information policy history and is praised as a "sunshine program".The Environmental Information Disclosure Decree was the first to operationalize these general regulations into a sectoral information disclosure system on environment.This study assessed the implementation of the environmental information disclosure system about six months after the Decree took effect on May 1,2008.Through reviewing the websites of all 31 provincial Environmental Protection Bureaus and the Ministry of Environmental Protection,conducting an experiment with actual information disclosure request,and through interviews with all provincial Environmental Protection Bureaus,this article concluded that the implementation of the environmental information disclosure system still falls short.Future improvements should focus on further publicity of the regulations and decree to enhance public participation,the establishment of an independent evaluation and supervision system for information disclosure,the exchange of experiences and best practices among provincial Environmental Protection Bureaus,and on strengthening the legal status of environmental information disclosure.

  18. Análise das práticas de evidenciação de informações obrigatórias, não-obrigatórias e avançadas nas demonstrações contábeis das sociedades anônimas no Brasil: um estudo comparativo dos exercícios de 2002 e 2005 Analysis of mandatory, non-mandatory and advanced information disclosure practices in financial statements of companies in Brazil: a comparative study between 2002 and 2005

    Directory of Open Access Journals (Sweden)

    Vera Maria Rodrigues Ponte

    2007-12-01

    Full Text Available Em todo o mundo se discute sobre a transparência e a qualidade na divulgação das informações contábeis. No sentido de contribuir para esse debate, o presente estudo procura responder à seguinte questão de pesquisa: Quais as mudanças percebidas na evidenciação de informações obrigatórias, não-obrigatórias e avançadas praticada pelas sociedades anônimas no Brasil? Trata-se de uma pesquisa exploratória-descritiva, cujas amostras são de natureza não-probabilística acidental. Foram analisadas as demonstrações contábeis de 95 empresas, referentes ao exercício de 2002, e 119 alusivas ao exercício de 2005. No tocante aos itens recomendados pelos pareceres nos 15/87, 17/89 e 19/90 da CVM, a pesquisa revela a não-ocorrência de melhoria das práticas de disclosure das companhias estudadas. Com relação às informações contábeis de natureza avançada e não-obrigatória propugnadas pelas práticas de governança corporativa, verifica-se um avanço na sua evidenciação pelas empresas analisadas, que dispensam atenção especial à divulgação de suas práticas de responsabilidade social e do Balanço Social, das Demonstrações do Fluxo de Caixa (DFC e do Valor Adicionado (DVA.All over the world, there have been discussions on transparency and quality in the disclosure of accounting information. Aiming at contributing towards this debate, this study seeks to answer the following research question: What are the perceived changes in the disclosure of mandatory, non-mandatory and advanced accounting reporting experienced by companies in Brazil? Financial statements from 95 companies were assessed, referring to corporate annual reports of 2002 and from 119 companies referring to corporate annual reports of 2005. Concerning items recommended in rules numbers 15/87, 17/89 and 19/90 by the Brazilian Securities and Exchange Commission, this research reveals that there was no improvement in the disclosure practices of the companies

  19. Medicare program: changes to the hospital inpatient prospective payment systems and fiscal year 2009 rates; payments for graduate medical education in certain emergency situations; changes to disclosure of physician ownership in hospitals and physician self-referral rules; updates to the long-term care prospective payment system; updates to certain IPPS-excluded hospitals; and collection of information regarding financial relationships between hospitals. Final rules.

    Science.gov (United States)

    2008-08-19

    We are revising the Medicare hospital inpatient prospective payment systems (IPPS) for operating and capital related costs to implement changes arising from our continuing experience with these systems, and to implement certain provisions made by the Deficit Reduction Act of 2005, the Medicare Improvements and Extension Act, Division B, Title I of the Tax Relief and Health Care Act of 2006, the TMA, Abstinence Education, and QI Programs Extension Act of 2007, and the Medicare Improvements for Patients and Providers Act of 2008. In addition, in the Addendum to this final rule, we describe the changes to the amounts and factors used to determine the rates for Medicare hospital inpatient services for operating costs and capital-related costs. These changes are generally applicable to discharges occurring on or after October 1, 2008. We also are setting forth the update to the rate-of-increase limits for certain hospitals and hospital units excluded from the IPPS that are paid on a reasonable cost basis subject to these limits. The updated rate-of-increase limits are effective for cost reporting periods beginning on or after October 1, 2008. In addition to the changes for hospitals paid under the IPPS, this document contains revisions to the patient classifications and relative weights used under the long-term care hospital prospective payment system (LTCH PPS). This document also contains policy changes relating to the requirements for furnishing hospital emergency services under the Emergency Medical Treatment and Labor Act of 1986 (EMTALA). In this document, we are responding to public comments and finalizing the policies contained in two interim final rules relating to payments for Medicare graduate medical education to affiliated teaching hospitals in certain emergency situations. We are revising the regulatory requirements relating to disclosure to patients of physician ownership or investment interests in hospitals and responding to public comments on a

  20. 43 CFR Appendix B to Part 18 - Disclosure Form To Report Lobbying

    Science.gov (United States)

    2010-10-01

    ... 43 Public Lands: Interior 1 2010-10-01 2010-10-01 false Disclosure Form To Report Lobbying B Appendix B to Part 18 Public Lands: Interior Office of the Secretary of the Interior NEW RESTRICTIONS ON LOBBYING Pt. 18, App. B Appendix B to Part 18—Disclosure Form To Report Lobbying EC01JA91.000...