Academy of Accounting and Financial Studies Journal back issues from January 2007:
LETTER FROM THE EDITORS
Jan 01, 2007; ... The Academy of Accounting and Financial Studies Journal is owned and published by the DreamCatchers Group, LLC. The Editorial Board and the Editors are appointed by the Allied Academies, Inc., a non profit association of scholars whose purpose is to encourage and support the advancement and ...
GASB 34 IMPLEMENTATION: PERSPECTIVES OF GOVERNMENT ACCOUNTING AND FINANCE OFFICIALS
Jan 01, 2007; ... ABSTRACT Governmental Accounting Standards Board Statement No. 34 (GASB 34) mandates significant changes in the external financial reporting practices of state and local governments. Analysis of data from accounting and finance officials of state and local governments indicates that they ...
TAXES, TERRORISM, & TOURISM: TOWARDS A GLOBAL MODEL OF SITUATIONAL CHOICE
Jan 01, 2007; ... ABSTRACT This research studies the effects of taxes and significant terrorism events on tourism markets in the United States and Europe. Data from Las Vegas, Nevada and Mallorca, Spain are used for comparative purposes. Key events in this research are 9/11, the Madrid train bombings, and ...
THE QUALITY AND RELIABILITY OF FORM 990 DATA: ARE USERS BEING MISLED
Jan 01, 2007; ... ABSTRACT IRS Form 990 is the primary instrument for public accountability by tax-exempt organizations and its data are used not only by the IRS, but also by donors, grant-makers, watchdog agencies, the media, sector advocates, State Attorneys General, and local taxing authorities. Many ...
VOLUNTEER SATISFACTION: AN ANALYSIS OF CONTRIBUTING FACTORS AMONG HOSPICE WORKERS
Jan 01, 2007; ... ABSTRACT A crucial component of the hospice care team is the service of unpaid volunteers. Satisfaction has been shown to be an important variable in the continuing participation of volunteers in service to non-profit organizations. A survey of over 500 hospice volunteer workers in the ...
ESCAPE FROM THE IRON CAGE: LONGITUDINAL STUDY OF THE RELATIONSHIP BETWEEN GOVERNMENT REGULATORY FORCES AND FIRM COMPLIANCE STRATEGY IN THE NATURAL ENVIRONMENT
Jan 01, 2007; ... ABSTRACT This paper investigated how government influenced firms and firms influenced government. The context was the natural environment. The paper found that as government regulatory forced increase, firms chose to acquiesce or compromise. Further, as the government relaxed regulatory ...
COLLEGE STUDENTS AIDING THE WELFARE-TO-WORK PROGRAM
Jan 01, 2007; ... ABSTRACT This paper explores the considerable success of the welfare-towork program initiated in the Clinton administration and the effectiveness of a complementary student led program at Arkansas State University designed to help 91 people get off welfare and become productive ...
CORPORATE GOVERNANCE IN RELIGIOUS ORGANIZATIONS: A STUDY OF CURRENT PRACTICES IN THE LOCAL CHURCH
Jan 01, 2007; ... ABSTRACT This paper addresses corporate governance practices in religious organizations by examining fiscal oversight and financial management practices in the local church. Fiscal oversight includes the existence of an independent board of directors with a financial expert and ...
CPA FIRMS OFFERING OF FORENSIC SERVICES SURPRISINGLY CONSISTENT OVER TIME: ARE CPA'S MISSING OUT ON A FORENSIC ACCOUNTING GOLD RUSH?
Jan 01, 2007; ... ABSTRACT This paper presents data generally indicating that, over the seven-year period 1998 through 2004, Certified Public Accountant (CPA) firms' offering of forensic accounting services didn't change very much at all. While a few fluctuations (up and down) of the percentages of firms ...
CALL FOR GREATER ACCOUNTABILITY WITHIN THE U.S. NONPROFIT SECTOR
Jan 01, 2007; ... ABSTRACT The U.S. Senate Finance Committee has announced plans to analyze the activities of nonprofit organizations. This analysis is in response to documented incidents of unethical behavior and fiscal mismanagement. As a result, the nonprofit sector has been inundated with calls for ...
THE IMPACT DETECTION RISK HAS ON TAX COMPLIANCE: AN ALTERNATIVE VIEW
Jan 01, 2007; ... ABSTRACT Utilizing the uniqueness of the State of Ohio's tax reporting requirements, this paper uses survey data and a within subjects methodology to examine the impact detection risk, both actual and perceived, has on taxpayer compliance. This research design provides the opportunity to ...
STOCK MARKET REACTIONS TO FIRST-TIME EMPLOYEE STOCK OWNERSHIP PLAN ADOPTIONS
Jan 01, 2007; ... ABSTRACT This study analyzes the stockholders' wealth effects of firms that are associated with the establishment of first-time ESOPs. Changes in motivation, tax liabilities, and the probability of a takeover may explain these wealth effects. Previous studies that address the effects to ...
LETTER FROM THE EDITORS
Jan 01, 2007; ... Welcome to the Academy of Accounting and Financial Studies Journal, an official journal of the Allied Academies, Inc., a non profit association of scholars whose purpose is to encourage and support the advancement and exchange of knowledge, understanding and teaching throughout the world. The ...
THE RETURNS TO HOMEOWNERSHIP: AN MSA LEVEL ANALYSIS
Jan 01, 2007; ... ABSTRACT This paper examines the returns to homeowners across 208 Metropolitan Statistical Areas (MSAs) over the period 1989 to 1999. We find a significant difference in returns to homeowners across MSAs, with the highest returns in the North Central United States and the lowest returns ...
WAS THE ACCOUNTING PROFESSION REALLY THAT BAD?
Jan 01, 2007; ... ABSTRACT To gain insight into the extent of malpractice in the State of California prior to the Passage of Sarbanes-Oxley, we examined the nature and magnitude of complains filed with the California Board of Accountancy (CBA) against both licensed and unlicensed accountants during the ...
COMPANY CHARACTERISTICS AND THE USE OF SFAS NO. 143 TO EFFECT EARNINGS MANAGEMENT
Jan 01, 2007; ... ABSTRACT Because of the great subjectivity required in determining the fair value of an asset retirement obligation (ARO) and its subsequent accretion expense under SFAS No. 143, a new opportunity exists for managing earnings. Prior research provides evidence that earnings management is ...
PREDICTING DOWNGRADES OF A.M. BEST'S RATINGS FOR PROPERTY AND CASUALTY INSURANCE COMPANIES
Jan 01, 2007; ... ABSTRACT With intense competition among property and casualty insurance companies and tougher standards for ratings by A.M. Best Company, property and casualty insurers are very concerned with maintaining the current ratings since downgrades will affect insurer's ability to retain and ...
ESOP FIRM PERFORMANCE PRE- AND POST- MARKET PEAK: EMPIRICAL EVIDENCE
Jan 01, 2007; ... INTRODUCTION Ownership in a company is generally regarded as a key motivational tool to reduce agency problems. It should develop within employees and managers, through ownership, the desire to maximize shareholder value rather than to pursue self-serving objectives, such as building ...
PRICING AND OPERATING EFFICIENCY OF VENTURE-BACKED AND NONVENTURE-BACKED INTERNET IPOS
Jan 01, 2007; ... ABSTRACT Initial Public Offerings (IPOs) were the most popular form to raise new capital in the united States during the last decade (1990-2000). Thousands of companies went public for the first time, particularly in the technology-heavy Nasdaq stock market. Along with the regular IPOs ...
ACHIEVING COMPETITIVE ADVANTAGE IN DEPARTMENTS OF ACCOUNTING: MANAGEMENT PRINCIPLES AND THE BALANCED SCORECARD
Jan 01, 2007; ... ABSTRACT This paper presents and discusses a series of principles for managing departments of accounting. We categorize these principles as guiding, resource management, and performance measurement, and combine them with the balanced scorecard to provide a framework for planning, ...
CAPITAL GAINS, DIVIDENDS, AND TAXES: MARKET REACTIONS TO TAX CHANGES
Jan 01, 2007; ... ABSTRACT The purpose of this study is to examine the effect of a capital gains tax reduction on the stock price of firms that have not historically paid a dividend. If markets are semi-strong-form efficient, one would expect that the market price would have already adjusted prior to the ...
ENGAGEMENT RISK: A PRELIMINARY ANALYSIS OF AUDIT FIRMS' CLIENT ACCEPTANCE DECISIONS
Jan 01, 2007; ... ABSTRACT The audit function creates several important relationships among the various parties. One of the most significant and potentially problematic relationships is between the audit firm and the audit client. The decision by the audit firm to accept or retain a client is crucial ...
LETTER FROM THE EDITORS
Jan 01, 2007; ... Welcome to the Academy of Accounting and Financial Studies Journal, an official journal of the Allied Academies, Inc., a non profit association of scholars whose purpose is to encourage and support the advancement and exchange of knowledge, understanding and teaching throughout the world. The ...
LOCALITY RANKING SYSTEMS: METHODOLOGICAL CONSIDERATIONS AND EVIDENCE FROM STATE RANKINGS
Jan 01, 2007; ... ABSTRACT Several articles have ranked states and other localities based on their desirability as a location for doing business. The importance of properly conducting these studies can not be overstated. An inappropriate "bad" ranking can have a significant negative economic impact on an ...
A SURVEY OF INVENTORY HOLDING COST ASSESSMENT AND SAFETY STOCK ALLOCATION
Jan 01, 2007; ... ABSTRACT Inventory holding cost (IHC) and safety stock inventory (SSI) are critical to the effective management of inventory, and their quantification has impact at the highest levels of many manufacturing and service industries. This study demonstrates the necessity of accurately ...
CORPORATE SCANDALS, THE SARBANES-OXLEY ACT OF 2002 AND EQUITY PRICES
Jan 01, 2007; ... ABSTRACT Recently, a series of corporate scandals has hit the U.S. financial markets. The improper accounting practices of such large and well known companies as Enron, WorldCom, Xerox, Merck, and Bristol Myers has shaken investors ' confidence in the financial markets thereby shaking ...
GEOGRAPHIC FOCUSED MUTUAL FUNDS: AN EMPIRICAL ANALYSIS OF THE PORTFOLIO PROPERTIES OF A HAWAII FUND
Jan 01, 2007; ... ABSTRACT The economies of various states and geographic areas behave differently than the U.S. economy as a whole. Because of these differences, this paper explores the potential for offering geographically focused mutual funds. Geographically focused mutual funds would allow investors ...
CORPORATE GOVERNANCE IN RELIGIOUS ORGANIZATIONS: A STUDY OF CURRENT PRACTICES IN THE LOCAL CHURCH
Jan 01, 2007; ... ABSTRACT This paper addresses corporate governance practices in religious organizations by examining fiscal oversight and financial management practices in the local church. Fiscal oversight includes the existence of an independent board of directors with a financial expert and ...
Letter from the editors.
Jan 01, 2007; ... Welcome to the Academy of Accounting and Financial Studies Journal, an official journal of the Allied Academies, Inc., a non profit association of scholars whose purpose is to encourage and support the advancement and exchange of knowledge, understanding and teaching throughout the world ....
Engagement risk: a preliminary analysis of audit firms' client acceptance decisions.
Jan 01, 2007; ... ABSTRACT The audit function creates several important relationships among the various parties. One of the most significant and potentially problematic relationships is between the audit firm and the audit client. The decision by the audit firm to accept or retain a client is ...
Capital gains, dividends, and taxes: market reactions to tax changes.
Jan 01, 2007; ... ABSTRACT The purpose of this study is to examine the effect of a capital gains tax reduction on the stock price of firms that have not historically paid a dividend. If markets are semi-strong-form efficient, one would expect that the market price would have already adjusted ...
Pricing and operating efficiency of venture-backed and nonventure-backed internet IPOS.(Initial Public Offerings)
Jan 01, 2007; ... ABSTRACT Initial Public Offerings (IPOs) were the most popular form to raise new capital in the united States during the last decade (1990-2000). Thousands of companies went public for the first time, particularly in the technology-heavy Nasdaq stock market. Along with the ...
ESOP firm performance pre- and post-market peak: empirical evidence.(Employee Stock Ownership Association)(Employee Stock Ownership Programs )
Jan 01, 2007; ... INTRODUCTION Ownership in a company is generally regarded as a key motivational tool to reduce agency problems. It should develop within employees and managers, through ownership, the desire to maximize shareholder value rather than to pursue self-serving objectives, such as ...
Locality ranking systems: methodological considerations and evidence from state rankings.
Jan 01, 2007; ... ABSTRACT Several articles have ranked states and other localities based on their desirability as a location for doing business. The importance of properly conducting these studies can not be overstated. An inappropriate "bad" ranking can have a significant negative economic ...
Achieving competitive advantage in departments of accounting: management principles and the balanced scorecard.
Jan 01, 2007; ... ABSTRACT This paper presents and discusses a series of principles for managing departments of accounting. We categorize these principles as guiding, resource management, and performance measurement, and combine them with the balanced scorecard to provide a framework for ...
Corporate scandals, the Sarbanes-Oxley Act of 2002 and equity prices.
Jan 01, 2007; ... ABSTRACT Recently, a series of corporate scandals has hit the U.S. financial markets. The improper accounting practices of such large and well known companies as Enron, WorldCom, Xerox, Merck, and Bristol Myers has shaken investors' confidence in the financial markets thereby ...
Geographic focused mutual funds: an empirical analysis of the portfolio properties of a Hawaii fund.
Jan 01, 2007; ... ABSTRACT The economies of various states and geographic areas behave differently than the U.S. economy as a whole. Because of these differences, this paper explores the potential for offering geographically focused mutual funds. Geographically focused mutual funds would allow ...
A survey of inventory holding cost assessment and safety stock allocation.
Jan 01, 2007; ... ABSTRACT Inventory holding cost (IHC) and safety stock inventory (SSI) are critical to the effective management of inventory, and their quantification has impact at the highest levels of many manufacturing and service industries. This study demonstrates the necessity of ...
Corporate governance in religious organizations: a study of current practices in the local church.
Jan 01, 2007; ... ABSTRACT This paper addresses corporate governance practices in religious organizations by examining fiscal oversight and financial management practices in the local church. Fiscal oversight includes the existence of an independent board of directors with a financial expert and ...