|
on Accounting and Auditing |
|
Issue of 2021‒04‒12
five papers chosen by |
| By: | Eduardo Levy Yeyati (Universidad Di Tella); Federico Sturzenegger (Universidad de San Andres and Harvard Kennedy School) |
| Abstract: | This paper proposes a new methodology to assess fiscal sustainability. Our approach relies on computing both government´s assets and liabilities as opposed to focuting only on explicity liabilities. Assets are primarily the present discounted value of taxes, while liablities are primarily the present discounted value of expenditures in addition to explicit liabilities. By looking at the government´s balance sheet we can compute the net worth of government, as well as evaluate it´s response to growth, commodity prices or real exchange rate shocks. We show that the implications for fiscal sustainability may be different from those obtained by focusing only on explicit liabilities as in the traditional approaches. |
| Date: | 2021–03 |
| URL: | http://d.repec.org/n?u=RePEc:sad:wpaper:150&r=all |
| By: | Claudia Custodio; Diogo Mendes; Daniel Metzger |
| Abstract: | This paper studies the impact of a course in finance for executives of medium and large enterprises through a randomized controlled trial (RCT) in Mozambique. Survey data and accounting data provide consistent evidence that managers change firm financial policies in response to finance education. The largest treatment effect is on short-term financial policies related to working capital. Reductions in accounts receivable and inventories generate an increase in cash flows used to finance long-term investments. Those changes also improve the performance of the treated firms. Overall, our results suggest that relatively small and low-cost interventions, such as a standard executive education program in finance, can help firms to mitigate financial constraints and potentially affect economic development. |
| JEL: | D4 G30 J24 L25 M41 O1 |
| Date: | 2021 |
| URL: | http://d.repec.org/n?u=RePEc:unl:novafr:wp2105&r=all |
| By: | Wijaya, Felicya Christina |
| Abstract: | The implementation of GCG has been proven to increase the disclosure of company information, the effectiveness of the company's audit system, corporate value, as well as risk control. |
| Date: | 2021–03–21 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:vh7jw&r=all |
| By: | Amat Adarov (The Vienna Institute for International Economic Studies, wiiw); Ruslan Grinberg; Julia Grübler (The Vienna Institute for International Economic Studies, wiiw); Robert Stehrer (The Vienna Institute for International Economic Studies, wiiw) |
| Abstract: | Chart of the month The second wave of COVID-19 cases in CESEE is stronger than the first by Julia Grübler Opinion Corner A new economic model after the COVID-19 pandemic and Russia by Ruslan Grinberg The COVID-19 pandemic is likely to accelerate the search for a new economic model, which will become more socially oriented. However, Russia is not participating in this search. It is torn between the two extreme schools of economic thought market liberals and proponents of a return to Soviet-style planning, with very little in between. Foreign direct investment and global value chains empirical relationship and policy implications by Amat Adarov and Robert Stehrer Global value chain integration is strongly related to foreign direct investment flows, which might be hampered by regulatory restrictions. These, however, might be justified from a national or EU-wide security and resilience perspective. ICT capital and intangibles as drivers of value-added growth by Amat Adarov and Robert Stehrer ICT capital and intangible capital have been significant drivers of economic growth in the last two decades, though they have lost some steam since the global financial crisis. For EU-CEE, however, there is still a potential to exploit these drivers of growth. Monthly and quarterly statistics for Central, East and Southeast Europe |
| Keywords: | COVID-19, new economic model, role of the government, foreign direct investment, global value chains, barriers to FDI, ICT capital, intangible capital, growth accounting |
| Date: | 2020–10 |
| URL: | http://d.repec.org/n?u=RePEc:wii:mpaper:mr:2020-10&r=all |
| By: | Sumner, Scott (Mercury Publication) |
| Abstract: | Abstract not available. |
| Date: | 2020–02–18 |
| URL: | http://d.repec.org/n?u=RePEc:ajw:wpaper:07761&r=all |