The Experts below are selected from a list of 273 Experts worldwide ranked by ideXlab platform
Ioannis Tsalavoutas - One of the best experts on this subject based on the ideXlab platform.
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Compliance with goodwill related mandatory disclosure requirements and the cost of equity capital
Accounting and Business Research, 2017Co-Authors: Francesco Mazzi, Paul Andre, Dionysia Dionysiou, Ioannis TsalavoutasAbstract:Theory suggests that increased Levels of corporate disclosure lead to a decrease in cost of equity via the reduction of estimation risk. We examine Compliance Levels with International Financial Reporting Standard 3 Business Combinations and International Accounting Standard 36 Impairments of Assets mandated goodwill-related disclosure and their association with firms’ implied cost of equity capital (ICC). Using a sample of European firms for the period 2008–2011, we find a median Compliance Level of about 83% and significant differences in Compliance Levels across firms and time. Non-Compliance relates mostly to proprietary information and information that reveals managers’ judgement and expectations. Overall, we find a statistically significant negative relationship between the ICC and Compliance with mandated goodwill-related disclosure. Further, we split the sample between firms meeting (or not) market expectations about the recognition of a goodwill impairment loss in a given year to study whether va...
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Compliance with goodwill related mandatory disclosure requirements and the cost of equity capital
Accounting and Business Research, 2017Co-Authors: Francesco Mazzi, Paul Andre, Dionysia Dionysiou, Ioannis TsalavoutasAbstract:Theory suggests that increased Levels of corporate disclosure lead to a decrease in cost of equity via the reduction of estimation risk. We examine Compliance Levels with International Financial Reporting Standard 3 Business Combinations and International Accounting Standard 36 Impairments of Assets mandated goodwill-related disclosure and their association with firms’ implied cost of equity capital (ICC). Using a sample of European firms for the period 2008–2011, we find a median Compliance Level of about 83% and significant differences in Compliance Levels across firms and time. Non-Compliance relates mostly to proprietary information and information that reveals managers’ judgement and expectations. Overall, we find a statistically significant negative relationship between the ICC and Compliance with mandated goodwill-related disclosure. Further, we split the sample between firms meeting (or not) market expectations about the recognition of a goodwill impairment loss in a given year to study whether variation in Compliance Levels mainly plays a confirmatory or a mediatory role. We find the latter: higher Compliance Levels matter only for the sub-sample of firms that do not meet market expectations regarding goodwill impairment. Finally, our results hold only in countries where enforcement is strong.
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Compliance with goodwill related mandatory disclosure requirements and the cost of equity capital
Social Science Research Network, 2017Co-Authors: Francesco Mazzi, Paul Andre, Dionysia Dionysiou, Ioannis TsalavoutasAbstract:Theory suggests that increased Levels of corporate disclosure lead to a decrease in cost of equity via the reduction of estimation risk. We examine Compliance Levels with IFRS 3 and IAS 36 mandated goodwill related disclosure and their association with firms’ implied cost of equity capital (ICC). Using a sample of European firms for the period 2008 to 2011, we find a median Compliance Level of about 83% and significant differences in Compliance Levels across firms and time. Non-Compliance relates mostly to proprietary information and information that reveals managers’ judgment and expectations. Overall, we find a statistically significant negative relationship between the ICC and Compliance with mandated goodwill related disclosure. Further, we split the sample between firms meeting (or not) market expectations about the recognition of a goodwill impairment loss in a given year to study whether variation in Compliance Levels mainly plays a confirmatory or a mediatory role. We find the latter: higher Compliance Levels matter only for the sub-sample of firms that do not meet market expectations regarding goodwill impairment. Finally, our results hold only in countries where enforcement is strong.
Francesco Mazzi - One of the best experts on this subject based on the ideXlab platform.
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Compliance with goodwill related mandatory disclosure requirements and the cost of equity capital
Accounting and Business Research, 2017Co-Authors: Francesco Mazzi, Paul Andre, Dionysia Dionysiou, Ioannis TsalavoutasAbstract:Theory suggests that increased Levels of corporate disclosure lead to a decrease in cost of equity via the reduction of estimation risk. We examine Compliance Levels with International Financial Reporting Standard 3 Business Combinations and International Accounting Standard 36 Impairments of Assets mandated goodwill-related disclosure and their association with firms’ implied cost of equity capital (ICC). Using a sample of European firms for the period 2008–2011, we find a median Compliance Level of about 83% and significant differences in Compliance Levels across firms and time. Non-Compliance relates mostly to proprietary information and information that reveals managers’ judgement and expectations. Overall, we find a statistically significant negative relationship between the ICC and Compliance with mandated goodwill-related disclosure. Further, we split the sample between firms meeting (or not) market expectations about the recognition of a goodwill impairment loss in a given year to study whether va...
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Compliance with goodwill related mandatory disclosure requirements and the cost of equity capital
Accounting and Business Research, 2017Co-Authors: Francesco Mazzi, Paul Andre, Dionysia Dionysiou, Ioannis TsalavoutasAbstract:Theory suggests that increased Levels of corporate disclosure lead to a decrease in cost of equity via the reduction of estimation risk. We examine Compliance Levels with International Financial Reporting Standard 3 Business Combinations and International Accounting Standard 36 Impairments of Assets mandated goodwill-related disclosure and their association with firms’ implied cost of equity capital (ICC). Using a sample of European firms for the period 2008–2011, we find a median Compliance Level of about 83% and significant differences in Compliance Levels across firms and time. Non-Compliance relates mostly to proprietary information and information that reveals managers’ judgement and expectations. Overall, we find a statistically significant negative relationship between the ICC and Compliance with mandated goodwill-related disclosure. Further, we split the sample between firms meeting (or not) market expectations about the recognition of a goodwill impairment loss in a given year to study whether variation in Compliance Levels mainly plays a confirmatory or a mediatory role. We find the latter: higher Compliance Levels matter only for the sub-sample of firms that do not meet market expectations regarding goodwill impairment. Finally, our results hold only in countries where enforcement is strong.
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Compliance with goodwill related mandatory disclosure requirements and the cost of equity capital
Social Science Research Network, 2017Co-Authors: Francesco Mazzi, Paul Andre, Dionysia Dionysiou, Ioannis TsalavoutasAbstract:Theory suggests that increased Levels of corporate disclosure lead to a decrease in cost of equity via the reduction of estimation risk. We examine Compliance Levels with IFRS 3 and IAS 36 mandated goodwill related disclosure and their association with firms’ implied cost of equity capital (ICC). Using a sample of European firms for the period 2008 to 2011, we find a median Compliance Level of about 83% and significant differences in Compliance Levels across firms and time. Non-Compliance relates mostly to proprietary information and information that reveals managers’ judgment and expectations. Overall, we find a statistically significant negative relationship between the ICC and Compliance with mandated goodwill related disclosure. Further, we split the sample between firms meeting (or not) market expectations about the recognition of a goodwill impairment loss in a given year to study whether variation in Compliance Levels mainly plays a confirmatory or a mediatory role. We find the latter: higher Compliance Levels matter only for the sub-sample of firms that do not meet market expectations regarding goodwill impairment. Finally, our results hold only in countries where enforcement is strong.
Paul Andre - One of the best experts on this subject based on the ideXlab platform.
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Compliance with goodwill related mandatory disclosure requirements and the cost of equity capital
Accounting and Business Research, 2017Co-Authors: Francesco Mazzi, Paul Andre, Dionysia Dionysiou, Ioannis TsalavoutasAbstract:Theory suggests that increased Levels of corporate disclosure lead to a decrease in cost of equity via the reduction of estimation risk. We examine Compliance Levels with International Financial Reporting Standard 3 Business Combinations and International Accounting Standard 36 Impairments of Assets mandated goodwill-related disclosure and their association with firms’ implied cost of equity capital (ICC). Using a sample of European firms for the period 2008–2011, we find a median Compliance Level of about 83% and significant differences in Compliance Levels across firms and time. Non-Compliance relates mostly to proprietary information and information that reveals managers’ judgement and expectations. Overall, we find a statistically significant negative relationship between the ICC and Compliance with mandated goodwill-related disclosure. Further, we split the sample between firms meeting (or not) market expectations about the recognition of a goodwill impairment loss in a given year to study whether va...
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Compliance with goodwill related mandatory disclosure requirements and the cost of equity capital
Accounting and Business Research, 2017Co-Authors: Francesco Mazzi, Paul Andre, Dionysia Dionysiou, Ioannis TsalavoutasAbstract:Theory suggests that increased Levels of corporate disclosure lead to a decrease in cost of equity via the reduction of estimation risk. We examine Compliance Levels with International Financial Reporting Standard 3 Business Combinations and International Accounting Standard 36 Impairments of Assets mandated goodwill-related disclosure and their association with firms’ implied cost of equity capital (ICC). Using a sample of European firms for the period 2008–2011, we find a median Compliance Level of about 83% and significant differences in Compliance Levels across firms and time. Non-Compliance relates mostly to proprietary information and information that reveals managers’ judgement and expectations. Overall, we find a statistically significant negative relationship between the ICC and Compliance with mandated goodwill-related disclosure. Further, we split the sample between firms meeting (or not) market expectations about the recognition of a goodwill impairment loss in a given year to study whether variation in Compliance Levels mainly plays a confirmatory or a mediatory role. We find the latter: higher Compliance Levels matter only for the sub-sample of firms that do not meet market expectations regarding goodwill impairment. Finally, our results hold only in countries where enforcement is strong.
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Compliance with goodwill related mandatory disclosure requirements and the cost of equity capital
Social Science Research Network, 2017Co-Authors: Francesco Mazzi, Paul Andre, Dionysia Dionysiou, Ioannis TsalavoutasAbstract:Theory suggests that increased Levels of corporate disclosure lead to a decrease in cost of equity via the reduction of estimation risk. We examine Compliance Levels with IFRS 3 and IAS 36 mandated goodwill related disclosure and their association with firms’ implied cost of equity capital (ICC). Using a sample of European firms for the period 2008 to 2011, we find a median Compliance Level of about 83% and significant differences in Compliance Levels across firms and time. Non-Compliance relates mostly to proprietary information and information that reveals managers’ judgment and expectations. Overall, we find a statistically significant negative relationship between the ICC and Compliance with mandated goodwill related disclosure. Further, we split the sample between firms meeting (or not) market expectations about the recognition of a goodwill impairment loss in a given year to study whether variation in Compliance Levels mainly plays a confirmatory or a mediatory role. We find the latter: higher Compliance Levels matter only for the sub-sample of firms that do not meet market expectations regarding goodwill impairment. Finally, our results hold only in countries where enforcement is strong.
Dionysia Dionysiou - One of the best experts on this subject based on the ideXlab platform.
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Compliance with goodwill related mandatory disclosure requirements and the cost of equity capital
Accounting and Business Research, 2017Co-Authors: Francesco Mazzi, Paul Andre, Dionysia Dionysiou, Ioannis TsalavoutasAbstract:Theory suggests that increased Levels of corporate disclosure lead to a decrease in cost of equity via the reduction of estimation risk. We examine Compliance Levels with International Financial Reporting Standard 3 Business Combinations and International Accounting Standard 36 Impairments of Assets mandated goodwill-related disclosure and their association with firms’ implied cost of equity capital (ICC). Using a sample of European firms for the period 2008–2011, we find a median Compliance Level of about 83% and significant differences in Compliance Levels across firms and time. Non-Compliance relates mostly to proprietary information and information that reveals managers’ judgement and expectations. Overall, we find a statistically significant negative relationship between the ICC and Compliance with mandated goodwill-related disclosure. Further, we split the sample between firms meeting (or not) market expectations about the recognition of a goodwill impairment loss in a given year to study whether va...
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Compliance with goodwill related mandatory disclosure requirements and the cost of equity capital
Accounting and Business Research, 2017Co-Authors: Francesco Mazzi, Paul Andre, Dionysia Dionysiou, Ioannis TsalavoutasAbstract:Theory suggests that increased Levels of corporate disclosure lead to a decrease in cost of equity via the reduction of estimation risk. We examine Compliance Levels with International Financial Reporting Standard 3 Business Combinations and International Accounting Standard 36 Impairments of Assets mandated goodwill-related disclosure and their association with firms’ implied cost of equity capital (ICC). Using a sample of European firms for the period 2008–2011, we find a median Compliance Level of about 83% and significant differences in Compliance Levels across firms and time. Non-Compliance relates mostly to proprietary information and information that reveals managers’ judgement and expectations. Overall, we find a statistically significant negative relationship between the ICC and Compliance with mandated goodwill-related disclosure. Further, we split the sample between firms meeting (or not) market expectations about the recognition of a goodwill impairment loss in a given year to study whether variation in Compliance Levels mainly plays a confirmatory or a mediatory role. We find the latter: higher Compliance Levels matter only for the sub-sample of firms that do not meet market expectations regarding goodwill impairment. Finally, our results hold only in countries where enforcement is strong.
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Compliance with goodwill related mandatory disclosure requirements and the cost of equity capital
Social Science Research Network, 2017Co-Authors: Francesco Mazzi, Paul Andre, Dionysia Dionysiou, Ioannis TsalavoutasAbstract:Theory suggests that increased Levels of corporate disclosure lead to a decrease in cost of equity via the reduction of estimation risk. We examine Compliance Levels with IFRS 3 and IAS 36 mandated goodwill related disclosure and their association with firms’ implied cost of equity capital (ICC). Using a sample of European firms for the period 2008 to 2011, we find a median Compliance Level of about 83% and significant differences in Compliance Levels across firms and time. Non-Compliance relates mostly to proprietary information and information that reveals managers’ judgment and expectations. Overall, we find a statistically significant negative relationship between the ICC and Compliance with mandated goodwill related disclosure. Further, we split the sample between firms meeting (or not) market expectations about the recognition of a goodwill impairment loss in a given year to study whether variation in Compliance Levels mainly plays a confirmatory or a mediatory role. We find the latter: higher Compliance Levels matter only for the sub-sample of firms that do not meet market expectations regarding goodwill impairment. Finally, our results hold only in countries where enforcement is strong.
Jonas Rubenson - One of the best experts on this subject based on the ideXlab platform.
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the interaction of Compliance and activation on the force length operating range and force generating capacity of skeletal muscle
bioRxiv, 2019Co-Authors: K L Easton, Cromie M Lear, Scott L Delp, H Sanghvi, R L Marsh, Jonas RubensonAbstract:Abstract Muscle and locomotor performance is influenced, in large part, by where muscles operate on their force-length curve. Here we explore how activation and tendon Compliance interact to influence the operating lengths and force-generating capacity. To study this, we built a musculoskeletal model of the lower limb of the guinea fowl. To quantify the activation-Compliance effects with this model, we simulated the force-length operating range during fixed-end fixed-posture contractions for 39 actuators under thousands of combinations of activation and posture and using three different muscle models: Muscles with non-compliant tendons, muscles with compliant tendons but no activation dependent shift in optimal fiber length (activation-dependent shifts in L0), and muscles with both compliant tendons and activation-dependent shifts in L0. We found that, at the extreme, activation dependent effects altered muscle fiber lengths up to 40% and increased or decreased force capacity up to 50% and 80%, respectively, during fixed-end contractions. Typically, activation-Compliance effects reduce force generation and are dominated by the effects of tendon Compliance at high activations. At low activation, however, activation-dependent shifts in L0 are equally important and can result in relative force changes for low Compliance muscles of up to 60%. Because of the non-linear nature of these interactions, predicting their effects at the individual muscle or joint Level are not straightforward. There are regions of the force-length curve in which muscles are most sensitive to Compliance and there are troughs of influence where these factors have little effect on length and force capacity. These regions are hard to predict, though, because the magnitude and location of these areas of high and low sensitivity shift with Compliance Level. Here we provide a map for when these effects will meaningfully influence force capacity and an example of their contributions to force production during a static task, namely standing.
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the interaction of Compliance and activation on the force length operating range and force generating capacity of skeletal muscle a computational study using a guinea fowl musculoskeletal model
Integrative organismal biology (Oxford England), 2019Co-Authors: S M Cox, K L Easton, Cromie M Lear, R Marsh, Scott L Delp, Jonas RubensonAbstract:A muscle's performance is influenced by where it operates on its force-length (F-L) curve. Here we explore how activation and tendon Compliance interact to influence muscle operating lengths and force-generating capacity. To study this, we built a musculoskeletal model of the lower limb of the guinea fowl and simulated the F-L operating range during fixed-end fixed-posture contractions for 39 actuators under thousands of combinations of activation and posture using three different muscle models: Muscles with non-compliant tendons, muscles with compliant tendons but no activation-dependent shift in optimal fiber length (L0), and muscles with both compliant tendons and activation-dependent shifts in L0. We found that activation-dependent effects altered muscle fiber lengths up to 40% and increased or decreased force capacity by up to 50% during fixed-end contractions. Typically, activation-Compliance effects reduce muscle force and are dominated by the effects of tendon Compliance at high activations. At low activation, however, activation-dependent shifts in L0 are equally important and can result in relative force changes for low Compliance muscles of up to 60%. There are regions of the F-L curve in which muscles are most sensitive to Compliance and there are troughs of influence where these factors have little effect. These regions are hard to predict, though, because the magnitude and location of these areas of high and low sensitivity shift with Compliance Level. In this study we provide a map for when these effects will meaningfully influence force capacity and an example of their contributions to force production during a static task, namely standing.