The aim of this instrumental study is to analyze the degree of equivalence between the construct of sensation seeking as measured by Sensation Seeking Scale form V, SSS-V and Arnett Inventory of Sensation Seeking, AISS. A structural equation model is employed in order to analyze the equivalence. The study includes 322 participants aged between 18 and 77. First, the equivalence between the SSS-V...

This paper presents a framework for addressing normative accounting issues for reporting to shareholders. The framework is an alternative to the emerging Conceptual Framework of the International Accounting Standards Board and the Financial Accounting Standards Board. The framework can be broadly characterized as a utilitarian approach to accounting standard setting. It has two main features. F...

Chlamydia has a significant impact on public health provision in the developed world. Using pair approximation equations we investigate the efficacy of control programmes for chlamydia on short time scales that are relevant to policy makers. We use output from the model to estimate critical measures, namely, prevalence, incidence, and positivity in those screened and their partners. We combine ...

While much attention has been focused on the optimal ratio of a firm’s debt to equity, the “optimal” or best balance between bond financing and (longer-term) bank financing has scarcely been addressed. This essay examines the principal differences between an economy with a well-developed corporate bond market free from government interference and an economy in which bank financing plays a centr...

The question of whether private investors can discriminate between the risk taken by banks is empirically investigated by testing the risk sensitivity of European banks’ subordinated notes and debentures (SND) spreads. A unique dataset of spreads, ratings, accounting and market measures of bank risk is used for a sample of SND issued during the 1991-2000:Q1 period. Moody’s Bank Financial Streng...

Measures devised to quantify production upstreamness and downstreamness in value chains have been introduced and used increasingly in recent years. While the constructs embodied in these measures are meaningful, this paper identifies an overlooked implementation problem. Specifically, the algorithms have been applied either as though the underlying data represent flows, or under the assumption ...

In Germany, financial pressure and a lack of efficiency have caused the need for several reform processes in the local governments of German municipalities. These local governments are facing a growing contradiction between decreasing levels of financial support and increasing responsibilities. In order to address this tension, municipalities are starting to change their accounting systems by i...

The integration of activity-based costing (ABC) and environmental cost accounting (ECA) systems provides companies with more accurate information to make both well-rounded and effective decisions. The purpose of this study is to propose an effective approach to integrate both ABC and ECA systems. A case study analysing process is used to compare the traditional accounting system and the ABC sys...

A probabilistic topic model is a modern statistical tool for document collection analysis that allows extracting a number of topics in the collection and describes each document as a discrete probability distribution over topics. Classical approaches to statistical topic modeling can be quite effective in various tasks, but the generated topics may be too similar to each other or poorly interpr...

The literature presents a clear divide between the so called market and accounting based approaches to bankruptcy prediction. With this in mind, this paper employs the discrete time hazard model framework of Shumway (2001) to test the information content of both market and accounting based models using Australian data. We …nd that market based models signi…cantly outperformed accounting based m...