Tourism And Its Influence Upon Macro-environment In Romania

Scorţe, Carmen Mihaela

doi:10.29302/oeconomica.2011.13.1.16

Cited by 2 publications

(5 citation statements)

References 2 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…For the French, this criterion seems significantly less important. Scorte et al . (2009) noted that accounting information facilitates decision-making and helps to see the future more clearly.…”

Section: Resultsmentioning

confidence: 99%

“…According to the literature, in common with property valuation standards (Baum et al, 2011), accounting standards also affect the dynamics of property prices. Scorte et al (2009) suggest that accounting information allows and facilitates the making of decisions and clarifies any uncertainty about the future of operations. Those studies allowed us to look at the adaptation issue from the perspective of regulatory changes.…”

Section: Economic Characteristicsmentioning

confidence: 99%

“…For the French, this criterion seems significantly less important. Scorte et al (2009) noted that accounting information facilitates decision-making and helps to see the future more clearly. Additionally, both Swedish and French commercial property professionals tend to be more cautious about changes that impact social and emotional criteria.…”

Section: Pm 422mentioning

confidence: 99%

See 2 more Smart Citations

Is there an optimum way for the commercial property market to adjust to the changing circumstances?

Banytė,

Mulhearn

2023

View full text Add to dashboard Cite

PurposeThis article seeks to offer an answer. It explores the criteria on which commercial property market participants can develop strategies in hugely challenging circumstances. For this purpose, a survey-based approach was developed with work conducted with property-market professional in the United Kingdom (UK), France, Germany and Sweden to produce a criteria-based tool supporting adaption to changing market circumstances.Design/methodology/approachThe data have been analyzed using statistical analysis. The data's statistical analysis included Cronbach's alpha's application to evaluate the respondents' replies' reliability. A entral tendency test was used to identify the means of relevance of the criteria. The Mann–Whitney U test was used to determine potential material differences between the UK and other countries with Bonferroni corrections applied to minimize type-I errors.FindingsThirty characteristics have been identified that impact the dynamics of the commercial property market. Their relevance to the commercial property market was determined using a survey. The literature analysis showed that the researchers paid more attention to quantitative criteria and their comparison. The survey showed that the relevance of criteria to the commercial property market dynamics is unequal. However, the survey results showed that it is most important to pay attention to emotional criteria to adapt to uncertainty changing conditions. The problem of the environment has been on the agenda for the last four decades. Therefore, the fact that the results of the study showed that the environmental criteria are the least significant is unexpected.Research limitations/implicationsThe study involved economically developed countries of Europe. Extending the study's geographical scope would be valuable in revealing whether the same differences exist in other geographical areas (such as Australia or the USA).Practical implicationsThe practical implication of the analysis may be to facilitate the decision-making process of either selecting a country for commercial property investment or selecting the most sensitive and relevant criteria for the decision-making.Originality/valueCriteria for commercial property market performance which promote successful property investment have been developed. Moreover, the criteria affecting the commercial property market have been weighted by their relevance to the market and their sequence of relevance has been established. And finally, the developed criteria have been placed into five groups that could serve as a foundation for a macro-level assessment of commercial property market dynamics.

show abstract

Section: Resultsmentioning

confidence: 99%

Section: Economic Characteristicsmentioning

confidence: 99%

See 1 more Smart Citation

Is there an optimum way for the commercial property market to adjust to the changing circumstances?

Banytė,

Mulhearn

2023

View full text Add to dashboard Cite

show abstract

“…Barth and Landsman (2010), meanwhile, discussed how financial statements could have helped in the identification of the beginning of the financial crisis in the USA in 2008, especially how accounting through the concept of fair value could have improved the informational value of financial reports. Scorte et al (2009) discussed the importance of financial statements during economic crises highlighting the relevance of accounting regulation to increase informational evidence. Hermann et al (2008) studied the impact of the Asian crisis in 1997 on the conservative approach of corporate financial statements.…”

Section: Literature Review and Development Of The Hypotheses 21 Accou...mentioning

confidence: 99%

“…Likewise, previous that which have sought to evaluate the effects of economic crises on accounting information have analyzed financial crises that have indirectly affected real economy firms (e.g. Achim et al ., 2010; Barth and Landsman, 2010; Buga et al ., 2010; Davis-Friday and Gordon, 2005; Herrmann et al ., 2008; Johl et al ., 2007; Masood et al ., 2010; Scorte et al ., 2009), but have not analyzed an event like the COVID-19 pandemic, which has directly affected companies through restrictions imposed on them to combat the spread of the pandemic.…”

Section: Introductionmentioning

confidence: 99%

Earnings management during the COVID-19 crisis: evidence from the Brazilian and American capital markets

Flores

Sampaio²,

Beiruth

et al. 2023

JAEE

View full text Add to dashboard Cite

PurposeThe main purpose of this study is to evaluate whether the COVID-19 pandemic has stimulated earnings management among publicly traded companies in Brazil and the USA.Design/methodology/approachThe authors analyzed the above-mentioned effects based on 22,244 observations of Brazilian companies and 139,856 observations of American companies from 1998 to 2020. The proxy used to detect earnings management based on discretionary accruals (DAC) was obtained by using the Modified Jones Model (MJM) (Dechow et al., 1995), with adjustments suggested by Kothari et al. (2005). In accordance with previous studies (e.g. Brown et al., 2015; Enomoto et al., 2015; Galdi et al., 2020; Huang and Sun, 2017; Roychowdhury, 2006), the authors also employed a second proxy to detect earnings management through real activities associated with unusual losses for fixed assets (property, plant and equipment (PPE)).FindingsThe study’s findings indicate that the discretionary accruals of Brazilian companies varied in a more accentuated manner during the COVID-19 pandemic, making it possible to deduce that a recent history of economic depression may entail greater incentives for earnings management in an emerging economy. In addition, the authors verified that the effects of the current crisis on earnings management proxies denote a signal that is distinct from previous economic crises, which may be interpreted as an attempt to postpone the effects of the pandemic on financial statements, especially those of the Brazilian capital markets.Originality/valueUnlike previous crises, this pandemic has led to direct restrictions on a wide variety of economic segments rather than indirect contagion due to anomalies in the financial markets, making it a phenomenon with the characteristics of a quasi-natural experiment for studies related to the quality of accounting information. Considering that both Brazil and the USA provide an opportune economic contrast, given their discrepancies in terms of economic growth over the past two decades, the researchers believe that there is an unusual opportunity to understand how earnings management can be an incentive for managers in environments where crises arose from natural causes.

show abstract

Tourism And Its Influence Upon Macro-environment In Romania

Cited by 2 publications

References 2 publications

Is there an optimum way for the commercial property market to adjust to the changing circumstances?

Is there an optimum way for the commercial property market to adjust to the changing circumstances?

Earnings management during the COVID-19 crisis: evidence from the Brazilian and American capital markets

Contact Info

Product

Resources

About