The paper assesses the relevance of the EU Macroeconomic Imbalances Procedure scoreboard for the EU candidate countries. The calculation of the 14 indicators for a nine years period proves the recent economic crisis helped resolve some of the imbalances in the EU candidate countries but on the back of the slowing down the economic growth and convergence. The paper argues that MIP scoreboard…
Jerzy Neyman analyzed an imaginary, non existent, Urn ball problem that he thought was taken from J M Keynes’s A Treatise on Probability in his Lectures and Conferences on Mathematical Statistics and Probability (1952). Neyman apparently never read the book for himself. He apparently relied on some, other, unknown source to provide him with the problem that he thought came from J M…
WhatSurdo is a didactical material for stimulating writing and reading by simulating cell phone interaction in a dynamic way. It involves a 2D-representation of an instant messaging application, WhatsApp, simulating the reality of those who use it to communicate. Due to this stimulation that allows the students active participation in a practical (typing/writing adding figures/making draws) and theoretical (Language grammar) learning perspectives, it…
Organizations that are facing dysfunctional culture are often plagued with a leadership dynamic that is out of tune with the organizations values and are creating cultural artifacts in direct opposition to the goals of the organization. Much like the example set by the change at this institution; positive and successful organizational culture changes require a strong leadership team who is both passionate and committed to the values they represent and the people for which the organizational culture will most likely effect, the employees. A servant-leader mentality, coupled with a specific cultural change and socialization plan, will aid universities looking to create a stronger culture in effectively moving their organization in the right direction with the least amount of resistance possible.
Understanding the complexity among food security, climate change and agriculture is a challenging topic. Projected growth rate of world population suggests a chaotic scenario in terms of food and water scarcity. This study reviews the major contributions by the scientific community in regards to effects on agriculture and food security as a result of climate change. The main conclusions are that the implementation of effective policies and mitigation measures for the effects of climate change are required to guide actions for a sustainable agriculture. The need for an intensive agriculture along with adaptation measures for human nourishment is necessary.
After coming to power in 2014 Prime Minister Narendra Modi’s government announced the ambitious programme of building 100 smart cities in India. The idea behind is to rejuvenate the ailing urban system, improve urban infrastructure, quality of life and achieve sustainable and inclusive development besides other things. Tremendous demographic pressure, inadequate infrastructure and resources to cater to the population which runs in billions, unplanned growth of the peri-urban sprawls characterize India’s urban environment. Socio-economic imperatives are the key factors behind the rapid urbanization in India. Livelihood, security and prosperity are some prime movers. Ironically, cities, which on the one hand are considered the growth engines of economy, also attract poverty (socio-economically marginalized population) in large proportion. Consequently posh urban sprawls in Indian cities exist amidst impoverished habitats called slums where the poor inhabitants are condemned to live in sub-human condition. Reconciling growing affluence and abject poverty in cities is a difficult task too. In the backdrop of India’s urban challenges this paper seeks to examine some critical issues associated with the development of smart cities to understand: Will smart cities serve India’s aspiration or fulfill its urban needs? Can it address the contemporary and future needs of India’s urbanization? How will it ensure the participation of the urban stakeholders? How will it ensure social inclusion and finally, whether India needs smart cities or smart urban solutions for sustainable development?
Hostility could drive strategic behavior. And corporate finance could provide an arena. Competitors, shareholders, credit raters or even governments could initiate the measure. Except for hostile takeovers, this hostile strategic behavior is seldom addressed within strategy frameworks. And is seldom related to a defensive profile or a repulsive strategic move. The following article is an attempt at identifying the premises and framework of this hostile strategic behavior within corporate finance. The article gives a definition to corporate finance related strategic hostile behavior, explores the motivations, lists the players, analyses the strategies and explores possible defenses. An integrative conceptual and operational model follows. The article is based on contemporary work on strategy as well as corporate finance. The conclusion, and the ensuing model, could have a far reaching applied value at both strategy formulation and corporate finance levels.
According to EU Regulation 1606/2002, since January 2005 all listed EU firms are required to prepare their consolidated financial statements (and, in the Italian context, also their separate financial statements) in accordance with IFRS; therefore, they are required to use the IAS 36, IAS 38 and IFRS 3 to recognise the goodwill as well as to evaluate whether it has to be impaired. In fact, according to the above-mentioned accounting standards, goodwill is not amortised but is subject to an annual impairment test; more specifically, IAS 36 prescribes that goodwill must be written down if its carrying value exceeds the recoverable amount (expressed by the higher of fair value less costs to sell and the value in use).
Even though IASB decided to prohibit amortization in order to express the “true” value of goodwill in the balance sheet, contrasting earnings management behaviour, scholars argue that both the first recognition of goodwill value as well as its impairments provide managers with a substantial accounting discretion (Bloom 2009). In fact, this discretion can relate firstly to the identification of goodwill within the whole price of an acquisition (thus goodwill is considered as a residual value) and, secondly, to the determination of its recoverable amount as well as its allocation within cash generating units (Wong & Wong 2001). More specifically, the decision of writing down goodwill, the time of this decision and the magnitude of the impairment loss provide managers with a good opportunity to manipulate earnings. The magnitude of this discretion is expected to be larger in periods of financial crisis, where a more frequent impairment of goodwill should occur.
This theoretical essay aims at raising possibilities for the improvement of the performance of universities. It is a qualitative, exploratory and hypothetical-deductive study, based on a review-of-literature technique. The results point to the development of “Cloud University” as a tool for improving the performance of universities.
An appeal to some version of corporate responsibility has become a strategic issue for business. There are many interpretations of this idea, but it is unlikely that companies can ignore the debate about this issue. Many companies and most global corporations make public claims about their corporate responsibilities in addition to claims about financial outcomes and success. These claims range from informal contributions to public debate, to responses to issues of public concern, to formal reporting on the basis of sets of objectives and targets.