...Research Study Capital-Market Effects of Corporate Disclosures and Disclosure Regulation Christian Leuz Peter Wysocki June 26, 2006 Commissioned by the Task Force to Modernize Securities Legislation in Canada Christian Leuz Christian Leuz is currently the Professor of Accounting at the University of Chicago, Graduate School of Business. He is also the David G. Booth Faculty Fellow. Prior to this position, Professor Leuz was the Harold Stott Term Assistant Professor in Accounting at the Wharton School of the University of Pennsylvania and Fellow at Wharton’s Financial Institution Center. His research interests include transparency and corporate governance, financial disclosure and securities regulation, and the links between the institutions of market economies. Professor Leuz earned his doctoral degree and “Habilitation” at the Goethe University Frankfurt in Germany. His most recent publications have appeared in the Journal of Financial Economics, the Journal of Accounting and Economics and the Journal of Accounting Research. He is an Associate Editor of the Journal of Accounting and Economics and serves currently on the Editorial Board of The Accounting Review, the Journal of Accounting Research, the Journal of Business, Finance and Accounting, and the International Journal of Accounting. He has received several grants and honors, of which the Geewax Terker Prize is the latest. Peter Wysocki Professor Peter Wysocki is an associate professor of management at...
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...Accounting is considered as the major helping hand to form a successive management which needs to report and analyse the business transactions. Accounting is a pathway of measuring success through the designing projects as measuring the outcomes of the projects in line with the target goal of the organisations (Elliot, Barry & Elliot, Jamie, 2004). Organisations maintain their financial reports with the help of accounting theories and policies. The international financial reporting standards also help to keep the accounting practice effectively, efficiently, and correctly. The efficient management will be built if the organisation follows the international reporting standards accurately. As a mandatory course unit of myself I need to prove my understanding about the financial systems and auditing through this report. I will gradually demonstrate my understanding on the purpose, use, importance of accounting records, accounting systems, computerised accounting system, manual accounting systems, business risk, audit risk, internal and external control systems, importance of auditing, and planning audit assignment as well as preparing audit report in the body part of my report. Task One Purpose and Use of Different Accounting Records Accounting records represents the management of all source of information in different records books. These records are ledger, journals, bank statements, adjusting journals, statement verification, invoice, brochure, and etc. The purpose and...
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...early twenty-fist century. Indeed, in 1991, there were about 16 million subscribers of wireless devices in the world, in 2013 they are close to 7 billion (in a planet of 7.7 billion human beings). Counting on the family and village uses of mobile phones, and taking into consideration the limited use of these devices among children under five years of age, we can say that humankind is now almost entirely connected, albeit with great levels of inequality in the bandwidth as well as in the efficiency and price of the service. At the heart of these communication networks the Internet ensures the production, distribution, and use of digitized information in all formats. According to the study published by Martin Hilbert in Science (Hilbert and López 2011), 95 percent of all information existing in the planet is...
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...NOTE: All matters associated with this course are subject to change at the instructor's discretion. Any and all changes will be communicated to students in writing. Course Description RHET 1302 will prepare you for college-level writing while helping you develop your critical thinking skills. Rhetoric is the study and practice of how people communicate messages, not only in writing and speech, but also through visual and digital mediums. In this class, you will develop skills to analyze the way rhetoric, in its various forms, addresses audiences. By paying attention to the strategies that good writers and speakers use to persuade their particular audiences, you will learn to reason better and to persuade others in your own writing, both through rhetorical appeals and through analysis of audience, purpose, and exigency that is at the heart of the study of rhetoric. For RHET 1302, you will read and reread texts and write multi-draft essays. Practically speaking, you will learn skills that you can use in your future course work regardless of your major. Student Learning Objectives • Students will be able to write in different ways for different audiences. • Students will be able to write effectively using appropriate organization, mechanics, and style. • Students will be able to construct effective written arguments. • Students will be able to gather, incorporate, and interpret source material in their writing. Required Texts Rosenwasser, David and...
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...1.0 Significant of Study This study is significant on discussing about how freight transport would bring to critical environmental issue to the society. 2.0 Problem Statement Freight transport has been identified that are causing three major problems, which are stated as below, (1) Increases of the road freight transport increase environmental issues along, (2) Some controversy relationship issue between transport growth and economic development, environmental and political factors, (3) Emission rise of Nitrogen Oxides (NOx), Hydrocarbons (HC), Carbon Monoxide (CO), and Carbon Dioxide (CO²) worsen the greenhouse effect. 2.1 Road freight transport and environmental issues. The freight transport in Europe by road, rail and waterway together has grown by about 60 per cent since 1970; especially road transport has more than doubled, while rail and waterway still remained static. In this case, there is involving an increasing number of road freight traffic that could cause towards the increasing of environmental problem. For a case in point, when heavy goods vehicles are being used to transfer goods from a point of origin to another destination, it could be leaking out pollutant material and energy emission that would be harmful to humans as well as flora and fauna. 2.2 Controversy relationship issue The relationships between transport growth and economic development are significantly different from those linking the economy to the energy sector generally. The energy...
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...Running Heading: Discrimination or Inequality: The Ideal Women Body Shape Kelly Rowland Research Paper: SOC – 412 - 341 Tarleton State University- Central Texas Professor: Dietert, Michelle Summer, 2008 Discrimination or Inequality: The Ideal Women Body Shape When I think of how the American culture views the woman body shape as the epitome of feminity, I get a little worried. In our society and in many other cultures, women are judged according to their physical appearance. Whether it is Africa, Asia, or the United States, women psychic can make life easier or harder for them. Many women become obsessed, depressed, and compulsive about their body shape. Body dissatisfaction can lead to eating disorders and low self-esteem Research on eating disorders have been concentrated on the effects of the wafer thin western Europe and North America body types (Forbes, Doroszewicz, Card, and Adams-Curtis, 2004, pg 333). Being wafer then started between the 1940’s and 1950’s. Very slim fashion models paraded across the run ways wearing the latest fashions on display to the world. As we all know, fashion models are seen as some of the most beautiful women in the world. Thus the ideal woman body shape surfaced. Rodin, Silberstein & Striegel- Moore are just a few of the researchers who have concluded that women who achieve extreme slender body types is unhealthy and unobtainable for long period of time ((Forbes, Doroszewicz...
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...Academic Performance and Self-efficacy of Science High School Students 1 Academic performance and Self-efficacy of Filipino Science High School Students on Mathematics and English subjects Angelo R. Dullas Central Luzon State University Electronic copy available at: http://ssrn.com/abstract=2152791 Academic Performance and Self-efficacy of Science High School Students Abstract 2 Primarily, the study was conducted to determine the relationship between self-efficacy and academic performances on Math and English subject of science high school students. The objectives are (a) to find what level of self-efficacy do High school students have and (b) to explore if there is gender difference among high school students in terms of their self-efficacy and academic performance. The data are gathered using survey type questionnaire which is composed of two domains, English efficacy and Math efficacy to find if there is significant relationship between academic performance and their self-efficacy. Data was analyzed using mean and test of difference (t-test). Result showed that students‟s performance on Math subject posed a high significant relationship with their self-efficacy beliefs with statistical interpretation as positive substantial relationship (p=.615**, a=.000). On the other hand, students registered a significant relationship and a moderate relationship (p=.401*; a=.015) on their self-efficacy and academic performance on English subject. The researcher also found...
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...Greg Meholick Research Paper The Leadership Lessons of Jesus Christ When we talk about Jesus as a leader, we may imply two different forms: Jesus as the only Son of God, God of the universe, or the risen Christ as being one with God; or Jesus as the 1st century flesh and blood human being, the historical figure. Since the purpose of studying leadership is to improve one's own leadership skills, it makes sense to analyze Jesus' applicable traits, actions, and accomplishments as a good leader—in his historical role—so his leadership skills can be feasibly related to ourselves as human beings. I will attempt to analyze, using modern leadership criteria, how Jesus of Nazareth, the Jew and carpenter's son, was an effective spiritual leader of his time. Let us first examine the leadership attitude Jesus showed in his ministry. According to the address Thomas Cronin delivered at the Western Academy of Management in 1982, part of what makes leaders appealing is their confidence and faith: Leaders have those indispensable qualities of contagious self-confidence, unwarranted optimism, and incurable idealism that allow them to attract and mobilize others to undertake tasks these people never dreamed they could undertake. (To Lead or Not to Lead, Unit One 36) Jesus had infectious self-confidence that attracted all types of people to his cause. A teacher of the law said to Jesus, “Teacher, I will follow your wherever you go” (Matt. 8:19). He was also an...
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...SEDL – Advancing Research, Improving Education The Impact of School, Family, and Community Connections on Student Achievement Annual Synthesis 2002 A New Wave of Evidence Anne T. Henderson Karen L. Mapp SEDL – Advancing Research, Improving Education The Impact of School, Family, and Community Connections on Student Achievement Annual Synthesis 2002 A New Wave of Evidence Anne T. Henderson Karen L. Mapp Contributors Amy Averett Joan Buttram Deborah Donnelly Marilyn Fowler Catherine Jordan Margaret Myers Evangelina Orozco Lacy Wood National Center for Family and Community Connections with Schools SEDL 4700 Mueller Blvd. Austin, Texas 78723 Voice: 512-476-6861 or 800-476-6861 Fax: 512-476-2286 Web site: www.sedl.org E-mail: info@sedl.org Copyright © 2002 by Southwest Educational Development Laboratory (SEDL). All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any information storage and retrieval system, without permission in writing from SEDL or by submitting a copyright request form accessible at http://www.sedl.org/about/copyright_request.html on the SEDL Web site. This publication was produced in whole or in part with funds from the Institute of Education Sciences, U.S. Department of Education, under contract number ED-01-CO-0009. The content herein does not necessarily reflect the views of the U.S. Department...
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...Technische Universität Berlin Fakultät VIII: Wirtschaft und Management Institut für Technologie und Management Fachgebiet Strategische Unternehmensführung Prof. Dr. Michael Mirow Seminar Paper on Strategies to Achieve Market Leadership: The Example of Amazon (Summer term 2005) presented by: Sören Preibusch, 215995 Matthias Fleckenstein, 215274 Kottbusser Damm 24 Magistratsweg 21 10967 Berlin 13593 Berlin Berlin, May 17, 2005 Table of Contents I Table of Contents Table of Contents ............................................................................................ I Table of Abbreviations.................................................................................... II Table of Figures............................................................................................. III Table of Tables..............................................................................................IV 1 Introduction.................................................................................................. 1 2 Market Leadership as a Strategic Goal in Electronic Commerce ................ 1 2.1 Value Chains and Actors in EC............................................................. 1 2.2 Principles for Success in Electronic Commerce.................................... 3 2.3 Porter’s Branch Structure Analysis applied to EC Markets ................... 4 2.4 Context Factors and Value Creation Potentials in EC Markets ...
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...attracted a great deal of attention from financial economists. Indeed, the increase in academic papers on the subject of CEO compensation during the 1990s seems to have outpaced even the remarkable increase in CEO pay itself during this period (Murphy, 1999). Much research has focused on how executive compensation schemes can help alleviate the agency problem in publicly traded companies. To understand adequately the landscape of executive compensation, however, one must recognize that the design of compensation arrangements is also partly a product of this same agency problem. Alternative Approaches to Executive Compensation Our focus in this paper is on publicly traded companies without a controlling shareholder. When ownership and management are separated in this way, managers might have substantial power. This recognition goes back, of course, to Berle and Means (1932, p. 139) who observed that top corporate executives, “while in office, have almost complete discretion in management.” Since Jensen and Meckling (1976), the problem of managerial power and discretion has been analyzed in modern finance as an “agency problem.” Managers may use their discretion to benefit themselves personally in a variety y Lucian Arye Bebchuk is the William J. Friedman Professor of Law, Economics and Finance, Harvard Law School, and Research Associate, National Bureau of Economic Research, both in Cambridge, Massachusetts. Jesse M. Fried is a Professor of Law at Boalt Hall School...
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...CHAPTER I INTRODUCTION Background of the Study Manila Central University is known to be one of the top performing schools in related to health sciences programs. This school is home of the topnotchers in different fields of medical science. In that note, the growing population of new students, Filipino and even foreign students is observable. Entering into a new university is a big challenge for every freshmen student because they need to adapt to the new setting. For many young people, the transition to college is relatively smooth and they learn to handle their new lives well. But for some, however, the need to manage new schedules, new friendships, new responsibilities and intense study can be overwhelming. Adjustment with university life is considered one of the main indicators of success in university life as it is an indicator for the student’s ability to face the problems resulting from fulfilling his academic, social and emotional needs. Through achieving adjustment with university life the students will be able to form a kind of good relationships with others in the university leading him to enhance his academic achievement. Moreover, adjustment with university life can be a strong indicator of the academic level of the students from one hand and the level of social relations development and achieving personal goals from the other hand. We can note that many educational scholars studied this aspect in order to explore the status of the academic, social and psychological...
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...The White Horse Press 170 KATIE MCSHANE For at least the last 30 years now, there has been a running debate among environmental ethicists about whether anthropocentrism can serve as an adequate foundation for environmental ethics. The most recent discussions of this issue have concerned Bryan Nortonʼs ʻconvergence hypothesisʼ – the view that if we have a suitably sophisticated anthropocentrism, then in practice, anthropocentrism and nonanthropocentrism will converge.1 That is to say, they will both recommend the same environmentally responsible behaviours and policies. If this is so, then one might think the dispute between them is merely academic – a matter for ʻintramural philosophical debateʼ, but nothing more.2 In this paper, I...
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...DECENTRALIZATION, GOVERNANCE AND PUBLIC SERVICES THE IMPACT OF INSTITUTIONAL ARRANGEMENTS A REVIEW OF THE LITERATURE Omar Azfar, Satu Kähkönen, Anthony Lanyi, Patrick Meagher, and Diana Rutherford IRIS Center, University of Maryland, College Park September 1999 Table of Contents 1 2 INTRODUCTION............................................................................................1 IMPACT OF DECENTRALIZATION ON PUBLIC SERVICES: THEORY AND EVIDENCE ............................................................................................2 2.1 Theory.............................................................................................................................................. 2 2.1.a Allocative Efficiency............................................................................................................... 2 2.1.b Accountability ......................................................................................................................... 3 2.1.c Cost Recovery ......................................................................................................................... 3 2.2 Evidence........................................................................................................................................... 3 3 FACTORS INFLUENCING THE PERFORMANCE OF DECENTRALIZED SERVICE PROVISION...................................................................................5 3.1 The Political Framework..........
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...* What Is a Blood Disorder? Bottom of Form Blood disorders are physical conditions that prevent the normal function of blood in the body. A disorder may involve factors that interfere with the production of the individual components found in the blood, such as hemoglobin or blood proteins. The nature of a blood disorder may also include situations where the blood does not coagulate properly, or the blood cells themselves are malformed or infected. There is a wide range of blood diseases known today. Anemia is one of the more common examples of a blood disorder. Sometimes referred to as tired blood, a person who is anemic is likely to have a lack of proteins and other elements in the blood. As a result, the blood cannot carry the needed nutrients to various parts of the body and the individual is likely to feel fatigued more often. Over time, anemia can also have a negative impact on the emotions, as the blood is unable to supply proper nutrition to the brain for the production of chemicals that help to maintain an even mood. Sickle cell anemia is one of the more serious types of anemic blood disorder. In addition to fatigue, a person suffering with this disorder is also likely to experience a great deal of pain. The pain may be localized in one part of the body or migrate to different areas throughout the course of the day. Ad Hemophilia is another relatively common blood disorder. Hemophiliacs suffer with a condition in which the blood lacks the normal ability to coagulate...
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