Articles in "Accounting"

Rule Brandtannia

Author(s): Vincent Mitchell

Although the Queen never features in any of the world's most valuable brands lists, she is undoubtedly a superbrand. So without the advertising budget of Coke or the creativity of Apple, what makes the Queen such a valuable brand?

Like most brands, the two most important drivers are brand awareness and brand image.

The Everyday Entrepreneur

Author(s): Julie Logan

Self-employment is the key to a better quality of life. For most women in this study their main motivation for starting a business was to increase their flexibility and improve their work life balance.

This study, commissioned by Avon Cosmetics, explores self-employment and entrepreneurship in women in the UK.

Accruals, disclosure and the pricing of future earnings in the European market

Author(s): Ivana Raonic et al.

The present study examines the role of disclosure in assisting market participants to form expectations of future earnings from the accrual (i.e., the non cash) content of reported earnings. Prior research has shown that, in general, disclosure is able to enhance future earnings information in current stock returns.

In this paper, it is shown that the role of disclosure in revealing relevant information on the prospects of the firm depends on the nature of the accruals appearing in the financial statements.

Do accounting requirements constrict supply chain finance?

Author(s): ManMohan Sodhi

Although supply chain finance appears to offer a win-win-win proposition for buyers, suppliers and banks, buyers have been reluctant to adopt these solutions. It has been suggested that accounting requirements on supply chain finance render its adoption unattractive for buyers through reclassification of accounts payable to debt, thus increasing the debt held by the buyer on their balance sheet.

To investigate whether this is indeed the case, preliminary research was carried out through interviews with four financial organisations.

A savings plan with targeted contributions

Author(s): Iqbal Owadally et al.

With the cost of living on the rise and job certainty in doubt, many people are putting aside funds to meet a certain demand in the future. This could be for a child's education, a new property or a pension.

Two decisions must be made: how much the monthly contributions will be and where the money will be invested. This paper considers the first of those decisions. Would you prefer to save a fixed amount of money each month or alter your contributions according to income and circumstance?

UK state pension reform in a public choice framework

Author(s): Philip Booth

Social security systems for old age have been explicitly studied in a public choice framework for over 30 years. They illustrate extremely well the problems of allocating economic resources through a system of voting.

This paper examines the incentives facing voters to expand state pension provision and the possibilities of reducing state pension provision by increasing state pension age. As such it is of great relevance for the study of policy in ageing societies where implicit pension liabilities are increasing and will prove difficult to reduce.

Bad incentives or weak controls?

Author(s): Gilad Livne

The recent loss of £1.5 billion at UBS as a result of allegedly unauthorised trading raises the question as to the possible causes of this failure. Is this attributable to wrong pay incentives, failure of supervision and internal control, or is it a result of corporate culture?

Dr Gilad Livne, Senior Lecturer in Accounting and Finance, explains further based on his latest research.

Why do foreign banks stay in London?

Author(s): Andrew Clare

In recent light of the Independent Banking Commission's new report on reforming the banking sector, there is a new worry that some of the world's largest investment banks will leave London for countries that offer better incentives and benefits. However, a Cass research team has found that financial institutions may find there are different benefits to continuing operations in London.

What is the role of the corporate leader in the innovation process post-financial crisis?

Author(s): Robert Davies et al.

A joint project between Cass and the Chartered Insurance Institute (CII).

Optimal hedging with higher moments

Author(s): Chris Brooks et al.

A utility-based framework for the determination of optimal hedge ratios that can allow for the impact of higher moments on hedging decisions.

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