The Experts below are selected from a list of 312 Experts worldwide ranked by ideXlab platform
Fernando Zanella - One of the best experts on this subject based on the ideXlab platform.
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theory versus practice perspectives of middle eastern Financial Managers
European Business Review, 2010Co-Authors: Abdelaziz Chazi, Paulo Renato Soares Terra, Fernando ZanellaAbstract:Purpose – The purpose of this paper is to survey Financial Managers in the Arab Gulf region about a broad set of Financial decisions and contrast their answers with both prescriptions of Financial theory and practices of their North American and European peers.Design/methodology/approach – The paper uses Graham and Harvey's questionnaire on the cost of capital, capital budgeting and capital structure that is also employed by Brounen et al. in Europe, containing two additional questions on corporate governance. Moreover, the survey included an additional question about Islamic Financial instruments.Findings – Despite each firm's unique characteristics and institutions, chief Financial officers (CFOs) in the Middle East are acting in a manner similar to their North American and European counterparts.Originality/value – All CFOs surveyed are located in countries that abide by a combination of Islamic, civil (French, Romano‐Germanic), and common (Anglo‐Saxon) laws. To the best of the authors' knowledge, this ...
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theory versus practice perspectives of middle eastern Financial Managers
Social Science Research Network, 2007Co-Authors: Abdelaziz Chazi, Paulo Renato Soares Terra, Fernando ZanellaAbstract:This paper reproduces a survey - previously applied in two different Continents, North America and Europe - to inquire about cost of capital, capital budgeting, capital structure, and corporate governance. The survey utilized in this article is Graham & Harvey's survey ( 2001) and its extended form employed by Brounen, Jong, and Koedijk (2004), which added two questions on corporate governance. We applied Brounen, de Jong and Koedijk extended form and we added one question on Islamic Financial instruments. All firms analyzed are located in countries that abide by a mix of Islamic Law and secular Laws, mainly the French law and Common law. The sample firms were from Bahrain, Kuwait, Oman, and United Arab Emirates. Despite unique firms' characteristics and institutions, CFOs are acting roughly similar to their counter-parts in the U.S. and Europe.
Abdelaziz Chazi - One of the best experts on this subject based on the ideXlab platform.
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theory versus practice perspectives of middle eastern Financial Managers
European Business Review, 2010Co-Authors: Abdelaziz Chazi, Paulo Renato Soares Terra, Fernando ZanellaAbstract:Purpose – The purpose of this paper is to survey Financial Managers in the Arab Gulf region about a broad set of Financial decisions and contrast their answers with both prescriptions of Financial theory and practices of their North American and European peers.Design/methodology/approach – The paper uses Graham and Harvey's questionnaire on the cost of capital, capital budgeting and capital structure that is also employed by Brounen et al. in Europe, containing two additional questions on corporate governance. Moreover, the survey included an additional question about Islamic Financial instruments.Findings – Despite each firm's unique characteristics and institutions, chief Financial officers (CFOs) in the Middle East are acting in a manner similar to their North American and European counterparts.Originality/value – All CFOs surveyed are located in countries that abide by a combination of Islamic, civil (French, Romano‐Germanic), and common (Anglo‐Saxon) laws. To the best of the authors' knowledge, this ...
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theory versus practice perspectives of middle eastern Financial Managers
Social Science Research Network, 2007Co-Authors: Abdelaziz Chazi, Paulo Renato Soares Terra, Fernando ZanellaAbstract:This paper reproduces a survey - previously applied in two different Continents, North America and Europe - to inquire about cost of capital, capital budgeting, capital structure, and corporate governance. The survey utilized in this article is Graham & Harvey's survey ( 2001) and its extended form employed by Brounen, Jong, and Koedijk (2004), which added two questions on corporate governance. We applied Brounen, de Jong and Koedijk extended form and we added one question on Islamic Financial instruments. All firms analyzed are located in countries that abide by a mix of Islamic Law and secular Laws, mainly the French law and Common law. The sample firms were from Bahrain, Kuwait, Oman, and United Arab Emirates. Despite unique firms' characteristics and institutions, CFOs are acting roughly similar to their counter-parts in the U.S. and Europe.
Paulo Renato Soares Terra - One of the best experts on this subject based on the ideXlab platform.
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theory versus practice perspectives of middle eastern Financial Managers
European Business Review, 2010Co-Authors: Abdelaziz Chazi, Paulo Renato Soares Terra, Fernando ZanellaAbstract:Purpose – The purpose of this paper is to survey Financial Managers in the Arab Gulf region about a broad set of Financial decisions and contrast their answers with both prescriptions of Financial theory and practices of their North American and European peers.Design/methodology/approach – The paper uses Graham and Harvey's questionnaire on the cost of capital, capital budgeting and capital structure that is also employed by Brounen et al. in Europe, containing two additional questions on corporate governance. Moreover, the survey included an additional question about Islamic Financial instruments.Findings – Despite each firm's unique characteristics and institutions, chief Financial officers (CFOs) in the Middle East are acting in a manner similar to their North American and European counterparts.Originality/value – All CFOs surveyed are located in countries that abide by a combination of Islamic, civil (French, Romano‐Germanic), and common (Anglo‐Saxon) laws. To the best of the authors' knowledge, this ...
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theory versus practice perspectives of middle eastern Financial Managers
Social Science Research Network, 2007Co-Authors: Abdelaziz Chazi, Paulo Renato Soares Terra, Fernando ZanellaAbstract:This paper reproduces a survey - previously applied in two different Continents, North America and Europe - to inquire about cost of capital, capital budgeting, capital structure, and corporate governance. The survey utilized in this article is Graham & Harvey's survey ( 2001) and its extended form employed by Brounen, Jong, and Koedijk (2004), which added two questions on corporate governance. We applied Brounen, de Jong and Koedijk extended form and we added one question on Islamic Financial instruments. All firms analyzed are located in countries that abide by a mix of Islamic Law and secular Laws, mainly the French law and Common law. The sample firms were from Bahrain, Kuwait, Oman, and United Arab Emirates. Despite unique firms' characteristics and institutions, CFOs are acting roughly similar to their counter-parts in the U.S. and Europe.
Huntong Tan - One of the best experts on this subject based on the ideXlab platform.
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joint effects of principles based versus rules based standards and auditor type in constraining Financial Managers aggressive reporting
The Accounting Review, 2010Co-Authors: Karim Jamal, Huntong TanAbstract:ABSTRACT: Managers sometimes implement accounting standards (such as the lease standard) opportunistically to move debt off balance sheet. Regulators and standard-setters are considering the adopti...
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joint effects of principles based versus rules based standards and auditor type in constraining Financial Managers aggressive reporting
2010Co-Authors: Karim Jamal, Huntong TanAbstract:Managers sometimes implement accounting standards (such as the lease standard) opportunistically to move debt off balance-sheet. Regulators and standard setters are considering the adoption of principles-based accounting standards to reduce such opportunism. We report the results of an experiment in which experienced Financial Managers, with incentives to structure a transaction off balance sheet, take a reporting position on how a lease is to be reported. We manipulate the type of accounting standards (principles-based, rules-based) and the type of auditor (principles-oriented, rules-oriented, or client-oriented). Results show that for a rules-based standard, auditor-type does not influence participants’ propensity to report the transaction off balance-sheet. However, for a principles-based standard, auditor-type matters in that this propensity is lowest when the auditor is principles-oriented as opposed to rules- or client-oriented. Our results suggest that a move towards more principles-based standards is likely to result in improved Financial reporting quality only when there is a corresponding shift in auditors’ mindsets towards beings more principles-oriented.
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effect of principles based versus rules based standards and auditor type on Financial Managers reporting judgments
Social Science Research Network, 2009Co-Authors: Karim Jamal, Huntong TanAbstract:Managers sometimes implement accounting standards (such as the lease standard) opportunistically to move debt off balance-sheet. Regulators and standard setters are considering the adoption of principles-based accounting standards to reduce such opportunism. However, there are lingering concerns about whether principles-based standards can be properly implemented and enforced. We report results of an experiment where highly experienced Financial Managers, with incentives to structure a transaction off balance sheet, take a reporting position on how a lease is to be disclosed. We manipulate the type of GAAP (principles-based, rules-based) and the type of auditor (client-oriented, principles-oriented, or rules-oriented). Our results show that a move towards more principles-based standards is likely to result in improved Financial reporting quality only when there is a corresponding shift in auditors’ mindsets towards beings more principles-oriented.
Karim Jamal - One of the best experts on this subject based on the ideXlab platform.
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joint effects of principles based versus rules based standards and auditor type in constraining Financial Managers aggressive reporting
The Accounting Review, 2010Co-Authors: Karim Jamal, Huntong TanAbstract:ABSTRACT: Managers sometimes implement accounting standards (such as the lease standard) opportunistically to move debt off balance sheet. Regulators and standard-setters are considering the adopti...
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joint effects of principles based versus rules based standards and auditor type in constraining Financial Managers aggressive reporting
2010Co-Authors: Karim Jamal, Huntong TanAbstract:Managers sometimes implement accounting standards (such as the lease standard) opportunistically to move debt off balance-sheet. Regulators and standard setters are considering the adoption of principles-based accounting standards to reduce such opportunism. We report the results of an experiment in which experienced Financial Managers, with incentives to structure a transaction off balance sheet, take a reporting position on how a lease is to be reported. We manipulate the type of accounting standards (principles-based, rules-based) and the type of auditor (principles-oriented, rules-oriented, or client-oriented). Results show that for a rules-based standard, auditor-type does not influence participants’ propensity to report the transaction off balance-sheet. However, for a principles-based standard, auditor-type matters in that this propensity is lowest when the auditor is principles-oriented as opposed to rules- or client-oriented. Our results suggest that a move towards more principles-based standards is likely to result in improved Financial reporting quality only when there is a corresponding shift in auditors’ mindsets towards beings more principles-oriented.
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effect of principles based versus rules based standards and auditor type on Financial Managers reporting judgments
Social Science Research Network, 2009Co-Authors: Karim Jamal, Huntong TanAbstract:Managers sometimes implement accounting standards (such as the lease standard) opportunistically to move debt off balance-sheet. Regulators and standard setters are considering the adoption of principles-based accounting standards to reduce such opportunism. However, there are lingering concerns about whether principles-based standards can be properly implemented and enforced. We report results of an experiment where highly experienced Financial Managers, with incentives to structure a transaction off balance sheet, take a reporting position on how a lease is to be disclosed. We manipulate the type of GAAP (principles-based, rules-based) and the type of auditor (client-oriented, principles-oriented, or rules-oriented). Our results show that a move towards more principles-based standards is likely to result in improved Financial reporting quality only when there is a corresponding shift in auditors’ mindsets towards beings more principles-oriented.