Template-Type: ReDIF-Article 1.0 Author-Name: Marco Romano Author-X-Name-First: Marco Author-X-Name-Last: Romano Author-Name: Melita Nicotra Author-X-Name-First: Melita Author-X-Name-Last: Nicotra Author-Name: Papa Armando Author-X-Name-First: Papa Author-X-Name-Last: Armando Author-Name: Emilia Castello Author-X-Name-First: Emilia Author-X-Name-Last: Castello Title: Financial management of publicly funded research activities: an explorative study Abstract: This research deals with the analysis of financial management, with a specific focus on cash flows, within in-house publicly controlled companies operating in high-technology sectors and characterised by the relevant participation in research projects financed by the European Structural Funds. To this end, three research questions are formulated relating to the liquidity cycle of such organisations. They focus respectively on the risk and return trade-off, on the variability of their cash flows and on the relation between the liquidity and the yields of the financial tools owned. A public-private consortium was the subject of analysis to answer the research questions. Specifically, the Miller-Orr model is applied to the consortium's cash flows to provide managerial recommendations for the future and a course of action. Journal: Int. J. of Managerial and Financial Accounting Pages: 1-15 Issue: 1 Volume: 10 Year: 2018 Keywords: financial management; in-house publicly controlled companies; publicly funded research. File-URL: http://www.inderscience.com/link.php?id=91071 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:1:p:1-15 Template-Type: ReDIF-Article 1.0 Author-Name: Robert C. Rickards Author-X-Name-First: Robert C. Author-X-Name-Last: Rickards Author-Name: Rolf Ritsert Author-X-Name-First: Rolf Author-X-Name-Last: Ritsert Title: Organisational influences on management accounting toolkits in Chinese enterprises: an exploratory study Abstract: The purpose of this paper is to investigate Chinese management accounting practice regarding the question whether enterprises use a common set of management accounting instruments. In addition, the study explores the influence of selected organisational variables on the adoption of specific management accounting practices (MAPs). It utilises a Mandarin-language online survey of key actors and evaluates selected information from personal interviews with CFOs in Mainland China. The research finds no evidence of a common mix of management accounting tools in the sample of Chinese enterprises under investigation. However, the study does demonstrate that organisational variables have a significant impact on specific management accounting tools. Journal: Int. J. of Managerial and Financial Accounting Pages: 16-31 Issue: 1 Volume: 10 Year: 2018 Keywords: management accounting; China; state-owned enterprises; privately-owned enterprises; organisational factors; joint ventures; controlling; small- and medium-sized enterprises; SMEs; management accounting practices; MAPs. File-URL: http://www.inderscience.com/link.php?id=91072 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:1:p:16-31 Template-Type: ReDIF-Article 1.0 Author-Name: Mohammad Aladwan Author-X-Name-First: Mohammad Author-X-Name-Last: Aladwan Title: Undertaking of environmental accounting responsibility to achieve sustainable development: evidence from Jordanian chemical and mining companies Abstract: This study is aimed to discuss and review the concept of environmental accounting and its contribution to sustainable development. The community started to place more pressure on government and companies to sustain their national resources and their environment. Therefore, almost all Companies started to work alongside with governments to solve the side effects of environmental problems through adopting the necessary accounting standard and necessary legislations that guide company actions to meet its social requirements. This study used a sample of Jordanian chemical and mining companies the most dominant type to investigate the study issue. A structured questionnaire distributed to the staff of these companies to examine their opinions about the availability of environmental accounting in companies systems. The general findings of the study revealed that Jordanian companies committed to environment accounting concept and methods in addition to their commitment for social responsibility as a part of sustainable development. Journal: Int. J. of Managerial and Financial Accounting Pages: 48-64 Issue: 1 Volume: 10 Year: 2018 Keywords: environmental accounting; social responsibility; sustainable development; Jordan; industrial companies. File-URL: http://www.inderscience.com/link.php?id=91073 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:1:p:48-64 Template-Type: ReDIF-Article 1.0 Author-Name: Hatem Mansali Author-X-Name-First: Hatem Author-X-Name-Last: Mansali Author-Name: Wissem Daadaa Author-X-Name-First: Wissem Author-X-Name-Last: Daadaa Title: Equities issues and long-term firm's performances in Tunisian stock market Abstract: This paper investigates the long-run performance of seasoned equity offering (SEO) firms in Tunisia. We use event time and calendar time approach to measure the long-run performance of SEO firms. The results suggest that SEO firms underperform in the long-run, and this underperformance is robust according to alternative measures. In the cross-section, we show that the runup, market runup and the proceeds from SEO are significant determinants of the underperformance of SEO firms. These results are in accordance with both behavioural theories and real options theory. To distinguish between these two theories, we analyse the average systematic risk dynamics around SEO. The results suggest that there is an increase in risk before the offering, and a significant decrease of risk after the offering. The behaviour of risk around SEO appears consistent with real options predictions. Journal: Int. J. of Managerial and Financial Accounting Pages: 32-47 Issue: 1 Volume: 10 Year: 2018 Keywords: SEO; seasoned equity offering; real options; long-run performance; timing. File-URL: http://www.inderscience.com/link.php?id=91074 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:1:p:32-47 Template-Type: ReDIF-Article 1.0 Author-Name: Mario Ossorio Author-X-Name-First: Mario Author-X-Name-Last: Ossorio Title: Does R%D investment affect export intensity? The moderating effect of ownership Abstract: The present work aims to highlight the relationship between R%D investment and firms' internationalisation degree and to investigate whether family ownership and state ownership exert a moderating role on the abovementioned relationship. Based on a sample of 106 Italian listed firms during the period 2010-2013, this study finds that R%D investment has a positive impact on the ratio of sales in foreign countries to total sales. Furthermore, family ownership positively influences the relationship between R%D investment and firms' internationalisation degree because of patient capital and family owners' altruism. Conversely, the findings show that state ownership negatively affects the relationship under examination because state-owned enterprises (SOEs) operate in domestic protected markets and are characterised by severe agency conflicts and low competitiveness. Journal: Int. J. of Managerial and Financial Accounting Pages: 65-83 Issue: 1 Volume: 10 Year: 2018 Keywords: R%D investment; internationalisation; export intensity; family ownership; state ownership. File-URL: http://www.inderscience.com/link.php?id=91075 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:1:p:65-83 Template-Type: ReDIF-Article 1.0 Author-Name: Bahaaeddin Alareeni Author-X-Name-First: Bahaaeddin Author-X-Name-Last: Alareeni Title: The impact of firm-specific characteristics on earnings management: evidence from GCC countries Abstract: This study aims to decide whether listed companies in GCC countries practice earnings management (EM). Further, effect of a set of firm-specific characteristics on EM practices is examined. The study sample consists of 332 listed companies during the period 2010-2015. The study estimates the discretionary accruals (DAs) using the modified Jones (1995) model as a proxy for EM to reveal EM activities. Multiple regression analysis is used to test the study hypotheses and achieve the study aims. The results reveal that companies are engaged in EM practices except for Oman and they are practicing downward EM activities (income-decreasing). The results show that the company size and leverage have an insignificant impact on EM practices in GCC countries. Company's losses affect EM for GCC countries except for Bahrain. This further evidence confirms that most GCC countries are engaged in EM and practice EM through income-decreasing discretionary accruals. Journal: Int. J. of Managerial and Financial Accounting Pages: 85-104 Issue: 2 Volume: 10 Year: 2018 Keywords: firm-specific characteristics; earnings management; the modified Jones (1995) model; firm size; leverage; losses. File-URL: http://www.inderscience.com/link.php?id=91659 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:2:p:85-104 Template-Type: ReDIF-Article 1.0 Author-Name: Md. Mamunur Rashid Author-X-Name-First: Md. Mamunur Author-X-Name-Last: Rashid Title: What causes abrupt and massive change in the top management of a successful entity in an emerging economy Abstract: The paper examines the leading causes of abrupt and massive changes in the top management in a successful entity in an emerging economy - Islami Bank Bangladesh Limited. The paper is based on an extensive case study method. The study uses both primary and secondary sources of data. Primary data include direct conversation with various stakeholders of the bank using unstructured questionnaire. The data were collected before and after the changes in the top management. The study found the leading causes of reshuffle in top management including chairman, vice-chairman and chief executive officer are: pressure from government, involvement of a political party with the bank management - Bangladesh Jamaat-e-Islami an opposition to the present government, lack of transparency of corporate social responsibility expenditures, and pressure of foreign investors. However, no negative impacts were seen within the first month of the changes on stock prices of the bank in the country's two stock markets. Journal: Int. J. of Managerial and Financial Accounting Pages: 105-127 Issue: 2 Volume: 10 Year: 2018 Keywords: corporate governance; Islami Bank; Bangladesh; massive change; board of directors; politics; turnover; top management; government; private bank. File-URL: http://www.inderscience.com/link.php?id=91660 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:2:p:105-127 Template-Type: ReDIF-Article 1.0 Author-Name: Ridzwana Mohd-Said Author-X-Name-First: Ridzwana Author-X-Name-Last: Mohd-Said Author-Name: Lim Teck Shen Author-X-Name-First: Lim Teck Author-X-Name-Last: Shen Author-Name: Hairul Suhaimi Nahar Author-X-Name-First: Hairul Suhaimi Author-X-Name-Last: Nahar Author-Name: Rosmila Senik Author-X-Name-First: Rosmila Author-X-Name-Last: Senik Title: Board compositions and social reporting: evidence from Malaysia Abstract: Corporate social responsibility (CSR) and corporate governance (CG) are principal elements of a firm's business strategy in ensuring corporate success and sustainability. The interface of CG and CSR is a subject of growing research agenda academically given the availability of diverse structures and variables in governance knowledge repertoire. In this research, we examine the effect of board characteristics (board size, size of independent non-executive directors and composition of female directors) on CSR practises in the Malaysian context. The results indicate that female directors are unique governance determinant of enhanced CSR disclosure, systematically adding credence to the gender-based argument of having more female board representation. This study adds to the mosaic of knowledge regarding the influence of selected CG attributes on CSR reporting. Applying the hierarchical multiple regression analysis to data sourced from selected Malaysian listed firms, the results are arguably informative for various strategic policy recommendations. Journal: Int. J. of Managerial and Financial Accounting Pages: 128-143 Issue: 2 Volume: 10 Year: 2018 Keywords: board compositions; corporate social responsibility disclosure; Malaysia. File-URL: http://www.inderscience.com/link.php?id=91661 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:2:p:128-143 Template-Type: ReDIF-Article 1.0 Author-Name: Erlane K. Ghani Author-X-Name-First: Erlane K. Author-X-Name-Last: Ghani Author-Name: Jauharoh Jamal Author-X-Name-First: Jauharoh Author-X-Name-Last: Jamal Author-Name: Evita Puspitasari Author-X-Name-First: Evita Author-X-Name-Last: Puspitasari Author-Name: Ardi Gunardi Author-X-Name-First: Ardi Author-X-Name-Last: Gunardi Title: Factors influencing integrated reporting practices among Malaysian public listed real property companies: a sustainable development effort Abstract: This study examines the integrated reporting practices among the public listed real property companies in Malaysia. Specifically, this study examines the level of integrated reporting disclosure and subsequently, the effect of firm structure, firm performance and market structure in influencing integrated reporting disclosure among the Malaysian public listed real property companies. Using content analysis, this study shows that although the level of integrated reporting disclosure among the real property companies has increased over time, their level of integrated reporting practices is still low. This study also shows that only company size and audit firm size significantly influence the level of integrated reporting practices among the real property companies in Malaysia. Leverage, returns on asset, returns on equity and liquidity show no significant association with the level of integrated reporting disclosure. These findings would be of interest to the policy makers and regulators on strategising ways in improving integrated reporting practices. Journal: Int. J. of Managerial and Financial Accounting Pages: 144-162 Issue: 2 Volume: 10 Year: 2018 Keywords: sustainable development; accountability; integrated reporting; property companies; Malaysia. File-URL: http://www.inderscience.com/link.php?id=91662 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:2:p:144-162 Template-Type: ReDIF-Article 1.0 Author-Name: Gabriella Marcarelli Author-X-Name-First: Gabriella Author-X-Name-Last: Marcarelli Title: An integrated network model for performance management: a focus on healthcare organisations Abstract: Multricriteria methods provide the decision maker with a tool to analyse complex problems involving several conflicting factors and stakeholders. This paper highlights the advantages of a multicriteria approach, paying a specific attention to the analytic network process (ANP), for performance management. The ANP may support the manager of an organisation to evaluate performances by taking into account all the perspectives typical of the balanced scorecard (BSC) approach and providing a mathematical model to manage performance. The use of ANP and BSC in an integrated network model (INM), beyond the determination of the weights to assign to perspectives, objectives and metrics, allows to evaluate the cause-effect relationships between these elements, derive performance indices for the elements of the network, analyse the effect of a decision and prioritise the areas requiring improvement. In particular, this paper focuses on the application of the INM to a public healthcare organisation. Journal: Int. J. of Managerial and Financial Accounting Pages: 163-180 Issue: 2 Volume: 10 Year: 2018 Keywords: performance management; analytic network process; ANP; balanced scorecard; BSC; multicriteria decision making; healthcare organisation. File-URL: http://www.inderscience.com/link.php?id=91663 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:2:p:163-180 Template-Type: ReDIF-Article 1.0 Author-Name: Roberto Maglio Author-X-Name-First: Roberto Author-X-Name-Last: Maglio Author-Name: Maria Rosaria Petraglia Author-X-Name-First: Maria Rosaria Author-X-Name-Last: Petraglia Author-Name: Francesco Agliata Author-X-Name-First: Francesco Author-X-Name-Last: Agliata Title: IFRS and IPO underpricing: evidence from Italy Abstract: This study examines the impact of the IFRS adoption on IPO underpricing; the latter is, as known, the positive spread between the first day of trading closing price and the offer price of a newly issued share. The underpricing phenomenon is usually associated with the information asymmetry among the actors involved in the process of listing. Some scholars suppose that IPO firms' usage of the IFRS, rather than the domestic GAAP, affects IPO underpricing through two mechanisms: 1) the quality; 2) the comparability of the financial reports. Our study is the first research that studies the impact of the IAS/IFRS on the IPOs underpricing in the Italian stock market. We find that the IFRS adoption is not associated with a decrease in IPO underpricing and that the trend of the financial market is the only factor associated with this phenomenon. Referring to the Italian stock market, our results suggest that the IFRS adoption does not reduce information asymmetries among investors, probably due to the lax of enforcement which seems to characterise the Italian environment. Journal: Int. J. of Managerial and Financial Accounting Pages: 181-201 Issue: 3 Volume: 10 Year: 2018 Keywords: initial public offering; IPO; international financial reporting standards; underpricing; performance; financial market; Italy. File-URL: http://www.inderscience.com/link.php?id=93458 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:3:p:181-201 Template-Type: ReDIF-Article 1.0 Author-Name: Lik-Jing Ung Author-X-Name-First: Lik-Jing Author-X-Name-Last: Ung Author-Name: Rayenda Khresna Brahmana Author-X-Name-First: Rayenda Khresna Author-X-Name-Last: Brahmana Author-Name: Chin-Hong Puah Author-X-Name-First: Chin-Hong Author-X-Name-Last: Puah Title: Does corporate retrenchment gain value? A study from Malaysia Abstract: This paper aims to investigate the performance of retrenchment strategy by gauging the ownership structure and identity for a sample of 596 Malaysian listed firms over 2008-2013. The results show positive relationship between the excess values of retrenchment cost. Further, the findings show that there is a negatively significant relationship between ownership structures and excess value, where foreign and government underperformed in imposing retrenchment strategy. However, our research further indicates that ownership concentration does not play a significant role on the association between excess value and retrenchment cost. This portrays the effectiveness of retrenchment strategy in value creation, and the role of corporate governance in that relationship. Secondly, it provides valuable insight to regulators and policymakers by demonstrating that retrenchment strategy might have a beneficial to create value. In summary, this research implies that retrenchment strategy might bring value to certain types of firms and certain levels of ownership. Journal: Int. J. of Managerial and Financial Accounting Pages: 202-222 Issue: 3 Volume: 10 Year: 2018 Keywords: retrenchment; excess value; ownership expropriation; corporate strategy. File-URL: http://www.inderscience.com/link.php?id=93489 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:3:p:202-222 Template-Type: ReDIF-Article 1.0 Author-Name: Monia Ben Ltaifa Author-X-Name-First: Monia Ben Author-X-Name-Last: Ltaifa Title: Do book to market and size explain stock returns of banks? An empirical investigation from MENA economies Abstract: The aim of this study is to examine empirically the determinants of stock returns of banks in the MENA countries. Methodologically, we use the capital asset pricing model (CAPM) and the three-factor model of Fama and French (1993) for a sample of 30 banks during the period from 31 March 2004 to 18 March 2014. From the empirical findings, we can show that the firms with big size and with high book to market (BH) produce higher average stock returns than big firms during all periods of study (before the crisis, during the financial crisis of 2007 and after the financial crisis). In addition, we find that the size, the book to market and the market risk premium have very strong importance to explain the volatility of the expected returns. The results show, also, that the market risk (Mkt) has a positive impact on market profitability of banks except for the SM and BH portfolios in the case of the CAPM and Fama and French models. The risk associated with the size (SMB) has a positive impact on small banks and a negative impact on banks with big sizes. Finally, the risk related to the market value (HML) has a positive impact on small and large banks. Journal: Int. J. of Managerial and Financial Accounting Pages: 223-249 Issue: 3 Volume: 10 Year: 2018 Keywords: conventional banks; capital asset pricing model; CAPM; Fama and French (1993); stock returns. File-URL: http://www.inderscience.com/link.php?id=93491 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:3:p:223-249 Template-Type: ReDIF-Article 1.0 Author-Name: Emad Awadallah Author-X-Name-First: Emad Author-X-Name-Last: Awadallah Title: Auditor-client negotiations: applying the dual concerns model in an emerging economy Abstract: Professional auditors and their clients often encounter situations in which they disagree on the treatment of certain accounting transactions. However, because each conflict often involves unique circumstances, the resolution may also be influenced by several factors that affect the relative negotiating power of the two parties involved. Based on a sample of 152 professional auditors in Qatar, this paper conducted an experimental study to address the chosen negotiation strategy the auditor adopts in audit disputes with client management. Based on the dual concerns model, the negotiation strategies examined are: 1) competing; 2) accommodating; 3) collaborating; 4) compromising; 5) avoiding. The results showed that there is no single, rigid approach of dealing with audit conflicts. Nonetheless, from the results, it may be implied that they will use some strategies more readily than others, and therefore tend to rely upon those strategies more heavily. Journal: Int. J. of Managerial and Financial Accounting Pages: 250-272 Issue: 3 Volume: 10 Year: 2018 Keywords: audit disputes; auditor-client interactions; negotiations strategies; dual concerns model; non-audit services; NAS; audit tenure; AT; audit firm size; corporate governance; experimental study; Qatar. File-URL: http://www.inderscience.com/link.php?id=93497 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:3:p:250-272 Template-Type: ReDIF-Article 1.0 Author-Name: Alaa Abu Mallouh Author-X-Name-First: Alaa Abu Author-X-Name-Last: Mallouh Author-Name: Asem Tahtamouni Author-X-Name-First: Asem Author-X-Name-Last: Tahtamouni Title: The impact of social responsibility disclosure on the liquidity of the Jordanian industrial corporations Abstract: This paper aims to identify the impact of the disclosure of corporate social responsibility on liquidity of the Jordanian industrial corporations. This will be done by investigating the impact of the disclosure of corporate social responsibility activities on liquidity during the period (2013-2015). The paper developed an index of corporate social responsibility disclosure and examined the annual financial reports of some selected companies listed in Amman Stock Exchange. In order to evaluate the impact of the disclosure of corporate social responsibility activities on liquidity in Jordanian corporations during the period (2013-2015), a multiple linear regression analysis was conducted to identify the relationship between the study's variables. The paper found that the level of disclosure of corporate social responsibility items among the sampled companies is below than the required level. It was concluded that there is no statistically significant impact for disclosing any of the corporate social responsibility activities on liquidity represented in the current and quick ratios. Moreover, there is no relationship between the disclosure of corporate social responsibility and liquidity in the sampled companies. Journal: Int. J. of Managerial and Financial Accounting Pages: 273-300 Issue: 3 Volume: 10 Year: 2018 Keywords: corporate social responsibility; disclosure; liquidity; Jordanian industrial corporations; Amman Stock Exchange. File-URL: http://www.inderscience.com/link.php?id=93504 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:3:p:273-300 Template-Type: ReDIF-Article 1.0 Author-Name: Laurent Lazar Author-X-Name-First: Laurent Author-X-Name-Last: Lazar Author-Name: Patrick Velte Author-X-Name-First: Patrick Author-X-Name-Last: Velte Title: Determinants of mandatory goodwill disclosure: the case of impairment testing in Germany Abstract: Goodwill accounting standards, according to International Financial Reporting Standard 3 (IFRS 3) and International Accounting Standard 36 (IAS 36), oblige firms to describe the circumstances that form the basis of the annual impairment testing. We observe that managers' interpretation and application of the IFRS is associated with the information content disclosed in financial statements. The use of boilerplate instead of firm-specific information decreases the information quality. This study investigates the disclosure quality of goodwill impairment testing according to IFRS of German listed companies between 2010 and 2015. Our results provide evidence that firm performance and goodwill impairment losses are positively linked to the quality of goodwill impairment disclosure. Furthermore, the results show that the magnitude of reported goodwill is negatively associated with the disclosure quality. Our findings are robust to additional tests and make several contributions to further research, regulation, and practice. Journal: Int. J. of Managerial and Financial Accounting Pages: 301-330 Issue: 4 Volume: 10 Year: 2018 Keywords: impairment only approach; IOA; International Accounting Standard 36; IAS 36; disclosure quality; goodwill; Germany. File-URL: http://www.inderscience.com/link.php?id=95941 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:4:p:301-330 Template-Type: ReDIF-Article 1.0 Author-Name: Øyvind Helgesen Author-X-Name-First: Øyvind Author-X-Name-Last: Helgesen Author-Name: Helge Mykkeltveit Sandanger Author-X-Name-First: Helge Mykkeltveit Author-X-Name-Last: Sandanger Author-Name: Joakim Sandbekk Author-X-Name-First: Joakim Author-X-Name-Last: Sandbekk Title: Do customer profitability analyses pay? A survey of large Norwegian companies Abstract: The purpose of this paper is to study the relationships between the extents of use of customer profitability analyses (CPA) and business performance. In addition to CPA as an overall construct, five methods are included: 1) CPA of individual customers; 2) customer segments; 3) assessments of customer lifetime value; 4) valuations of customers; 5) customers as investments. A total of 437 large Norwegian companies were invited to answer a questionnaire, of which 171 participated giving a response rate of 39%. CPA (overall construct) is positively linked to business performance. CPA of individual customers is the only method that significantly drives business performance. Thus, conducting detailed customer profitability analyses to establish reliable customer profitability accounts appears to be worth the effort. The respondents perceive the three forward-looking methods, i.e., (3), (4) and (5) as variations of one approach. Analogous studies are highly recommended. Cost estimation methods could also be addressed. Journal: Int. J. of Managerial and Financial Accounting Pages: 352-377 Issue: 4 Volume: 10 Year: 2018 Keywords: business performance; customer accounting; CA; customer accounting profitability; CAP; customers as investments; customer profitability analyses; CPA; customer segments; customer lifetime value; Norway; valuation of customers. File-URL: http://www.inderscience.com/link.php?id=95970 File-Format: text/html File-Restriction: Open Access Handle: RePEc:ids:injmfa:v:10:y:2018:i:4:p:352-377 Template-Type: ReDIF-Article 1.0 Author-Name: Md. Abdur Rouf Author-X-Name-First: Md. Abdur Author-X-Name-Last: Rouf Author-Name: Mohammad Sharif Hossain Author-X-Name-First: Mohammad Sharif Author-X-Name-Last: Hossain Title: Ownership distribution and value of the banks in Bangladesh Abstract: The purpose of this paper is to investigate empirically the relationship between ownership distribution and value of the banks in the banking sectors of Bangladesh, with a special attention to the identity of the ownership distribution (foreign ownership, institutional ownership, director ownership and public ownership). The empirical study is conducted using a sample of 30 banks from the period 2012-2016. Regression analyses are conducted to test the impact of the relationship between the ownership distribution and value of the banks. The results show that director ownership and public ownership both are positive relationship with return on assets (ROA) and return on equity (ROE) but there is no significant relationship with foreign ownership and institutional ownership. The findings provided useful information to policy makers, investors and bank managers. The value of the banks can be improved by identifying practices associated with ownership structure. Journal: Int. J. of Managerial and Financial Accounting Pages: 378-390 Issue: 4 Volume: 10 Year: 2018 Keywords: return on assets; ROA; return on equity; ROE; foreign ownership; institutional ownership; director ownership; public ownership; Bangladesh. File-URL: http://www.inderscience.com/link.php?id=95971 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:4:p:378-390 Template-Type: ReDIF-Article 1.0 Author-Name: S.M. Khaled Hossain Author-X-Name-First: S.M. Khaled Author-X-Name-Last: Hossain Author-Name: Md. Rahat Khan Author-X-Name-First: Md. Rahat Author-X-Name-Last: Khan Author-Name: Md. Mazharul Haque Author-X-Name-First: Md. Mazharul Author-X-Name-Last: Haque Title: Corporate voluntary disclosure practices and its association with corporate attributes: an empirical investigation of listed and non-listed commercial banks in Bangladesh Abstract: The study evaluates the level of the voluntary disclosure practices of 27 listed and non-listed banks in Bangladesh; whether there is any significant association between bank's specific attributes (i.e., size, profitability, age, and ownership structure) and the level of voluntary disclosure in the annual reports over the period of the study. To measure the level of voluntary information disclosure in the annual reports of each individual bank for each year, the study considered a two-step process: 1) construction of the voluntary disclosure index; 2) scoring the voluntary information disclosure items. For analysing the study, some statistical methods (descriptive statistics, OLS regression model, correlation analysis) have been considered. The result reveals that, a diverse set of factors influence the level of voluntary disclosure in the annual reports of the banks. The study has the implication for current professional practice and is in important addition to existing literature in the arena of voluntary disclosure and the strategy of disclosure. The study also finds that, the bank's size and profitability have the positive relationship with the level of voluntary disclosure. On the other hand, bank's age and ownership structure have the negative relationship with the level of voluntary disclosure in the annual reports. Journal: Int. J. of Managerial and Financial Accounting Pages: 331-351 Issue: 4 Volume: 10 Year: 2018 Keywords: voluntary disclosure; commercial banks; corporate attributes; OLS regression; Bangladesh. File-URL: http://www.inderscience.com/link.php?id=95972 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:4:p:331-351 Template-Type: ReDIF-Article 1.0 Author-Name: Ashutosh Kolte Author-X-Name-First: Ashutosh Author-X-Name-Last: Kolte Author-Name: Arturo Capasso Author-X-Name-First: Arturo Author-X-Name-Last: Capasso Author-Name: Matteo Rossi Author-X-Name-First: Matteo Author-X-Name-Last: Rossi Title: Critical analysis of failure of Kingfisher Airlines Abstract: Kingfisher Airlines Ltd. was started by one of the famous businessperson in India with ambitions to become an industry leader. In this paper, we have studied the fall of Kingfisher Airlines and have attempted to study financial health of UB Holdings. Many public and private sector Indian banks kept on giving loans to Kingfisher Airlines, UB Holdings Ltd. and other companies considering the reputation of its CMD as a famous businessman and politician. Private banks recovered all loans, whereas 14 public sector banks could not recover loans from him. Here, we have tried to understand the business of Kingfisher Airlines, reasons for failure and we have studied if it was possible for banks to assess creditworthiness of companies like Kingfisher Airlines, UB Holdings Ltd. We have studied if it was possible to predict bankruptcy in advance. We have also studied role of banks in extending loans and recovery attempts. Journal: Int. J. of Managerial and Financial Accounting Pages: 391-409 Issue: 4 Volume: 10 Year: 2018 Keywords: Altman's Z score; predicting bankruptcy; Piotroski F score; India; airlines; aviation companies. File-URL: http://www.inderscience.com/link.php?id=95976 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:injmfa:v:10:y:2018:i:4:p:391-409