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We investigate the relationship between the dark triad personality traits (Machiavellianism, narcissism, and psychopathy) of managers and the practice of reporting manipulation using a primary survey of 837 professionals working in accounting and finance departments. We find that (a) managers who exhibit dark personality traits are associated with a higher prevalence of fraudulent accounting practices in their accounting and finance departments and (b) traditional risk management mechanisms are only partially effective in mitigating this effect. Internal audits are effective in curtailing the negative behavior of managers with dark triad traits only if these internal audits are outsourced and performed by independent external personnel but not if they are conducted by internal personnel. This suggests that managers with dark triad traits are able to manipulate other employees quite effectively. Consequently, having external personnel perform the auditing task provides a safeguard against such unethical practices and manipulation. This finding has strong practical implications, as it provides support for outsourcing internal audits rather than keeping them in-house. [ABSTRACT FROM AUTHOR]

Digital transformation has been a growing focus in the banking industry for several years, with the introduction of digital technologies of the Fourth Industrial Revolution. The recent COVID-19 outbreak had a significant impact on banking, one being that its aftershock might lead to an acceleration of digitalisation efforts in core bank management departments. The reason is that the COVID-19 pandemic is dangerously unique. It differs from the 2008 financial crisis in that it is an exogenous risk that is not the result of the unravelling of previous financial imbalances. It is truly an uncertain event, with a wide range of outcomes that depends on unpredictable noneconomic factors. Therefore, the challenges facing banks and the course of action required are divergent from the situation post-2008. The purpose of the paper is to identify a few of the effects COVID-19 had on banks, but particularly focus on its impact on the responsibilities of internal management departments such as treasury, risk and finance. The reason is that the crisis highlighted some of the pressure points that exist in traditional approaches and technology solutions. The paper postulates that the pandemic might be the catalyst that speeds up the pre-COVID trend of adopting digital technology in treasury, risk and finance and thereby drive establishment of smart analytical centres. The advantage of smart analytical centres is bank management departments that will be better prepared, not just to handle future crises through intelligent and rapid decisionmaking, but also better equipped to enhance day-to-day operations in business-as-usual times. An implication emphasised in this paper is that to establish smart analytical centres, it is vital to study the applicability and benefits of digital technologies, as well as recognise the importance of putting a well-defined digital transformation plan in place. [ABSTRACT FROM AUTHOR]

Based on a sample of 126 recently promoted faculty, different standards for full professor are observed between top 20 finance departments and lower ranked departments. Full professors affiliated with a top 20 department place an average of 1 out of 3 articles in either Journal of Finance, Review of Financial Studies, or Journal of Financial Economics compared to 1 out of 6 articles for professors at lower-ranked schools. Total citations and cites per year are also significantly different between top- and lower-ranked departments, but total articles and articles per year are not significantly different between these two groupings. [ABSTRACT FROM AUTHOR]

The empirical analysis examines the salary and publication records of 311 finance professors at public research universities to calculate the worth of a top finance journal article. Within rank, salary regressions provide measures of the direct returns of a journal publication, while probit models consider the indirect returns that result from promotion. Ultimately, the analysis uses a reduced form salary equation to measure both the direct and indirect effects of publishing a journal article. Depending on professorial rank, the present value of the first top finance journal article is between $19,493 and $33,754, with the additional result of large returns to subsequent publications. [ABSTRACT FROM AUTHOR]

The article presents research rankings which shows leading institutional contributors to the finance literature during the decade of 1975-1986. Comparisons with earlier studies indicate that there has been a major restructuring of leading centers of finance research and that the gap between the top ten programs and the next twenty to thirty programs has been shrinking over time. This broadening of the research base across academic and research institutions signifies the maturation that has taken place in higher education. Many universities have taken steps to improve their research performance, and this change in orientation is evident in the research rankings.

This article focuses on university finance department representation on the editorial boards of professional journals that specialize in the department's major area of academic concern. Faculty publication is widely viewed as a measure of academic quality. In addition, publications are important in determining both the place of academic employment and the rate of advancement in the careers of individual faculty. The membership of the editorial boards of domestic quarterly journals that specialize in one or more areas of finance were analyzed. The university with the largest representation on editorial boards was the University of Rochester, with 36. It was following by the University of Chicago.

The article focuses on the role of citation in establishing a study's significance in the field. Articles, which were published in the "Journal of Finance" and the "Journal of Financial and Quantitative Analysis" during 1967 through 1972, are analyzed for the number of times they were cited by other articles. Aspects of significant or quality financial research include the differences in the impact of various finance articles, in highly cited and rarely cited studies, and in the extent of ranking in terms of citations and the number of articles or pages published. The affiliation of authors with finance departments at prestigious institutions and the Social Science Citation Index are mentioned.

Thirty-six months does not seem like a very long time, but in 'technology-years', a lot can change. Unfortunately for many, their order-to-cash tools today (out of necessity) are still spreadsheets and Pivot-Tables...something the folks in this finance department were really excited about moving to! [ABSTRACT FROM AUTHOR]

Copyright of Canadian Journal of Program Evaluation is the property of University of Toronto Press and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Global Journal of Economics & Business is the property of Refaad for Studies, Research & Development and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Ekonomika is the property of Society of Economists 'Ekonomika' and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper examines the tax revenue forecasting performance of the Department of Finance over the period 1997-2014. While the general forecasting framework used reflects standard international practice, forecasting errors are relatively large by international standards. In almost all cases, we find no evidence of bias in the forecasts when considering the major tax heads over various forecast horizons. A decomposition of the forecast errors reveals substantial contributions from sources other than errors in forecasting the macroeconomic environment or in estimating the previous year's revenue outturn. This suggests that a formal review of specific procedures and assumptions by the Department could yield further improvements in forecasting performance. An innovative exercise examining the routine use of judgement by the Department to adjust the outcome of forecasting equations indicates that this practice often improved the quality of the forecasts. [ABSTRACT FROM AUTHOR]

Copyright of Tarsadalomkutatas is the property of Akademiai Kiado and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Accounting and Finance ( A& F ) has experienced a surge in published research in the last decade. The analysis here reveals a marked increase in the number of published articles in A&F since 2003, a distinct trend for published papers to have a larger number of authors, a significant and stable contribution by the top 5 Australian accounting/finance departments, as well as a notable increase in contribution from non- US foreign universities, particularly those located in the UK, Canada, Hong Kong, Singapore and Spain. An analysis of citations indicates the increasing impact of A&F in recent years. [ABSTRACT FROM AUTHOR]

Inventory is most important assets that most business possesses, because the turnover of inventory implicates one of the primary sources of gaining revenue and subsequent earning for the company's shareholders. Primarily inventory management about specifying the size and placement of stocked goods. The Indian Electronics is one of the fastest growing sectors of the Indian Industry. Determination of optimal inventory procedure for the procurement of the stocks of commodities to meet future demands. So present study is made to know the inventory in Keltron Electro Ceramics Limited, Kuttipuram - Kerala. Ratio analysis, correlation and ABC analysis are used to analysis the data. It is concluded that better co-ordination among purchases, stores, production, marketing and finance departments will help in achieving efficiency in inventory management. [ABSTRACT FROM AUTHOR]

How do successful companies organize and innovate to achieve results-especially in a challenging market? This article shows how the traditional corporate finance function can become a forward-looking, value-creating driver of earnings and success. © 2013 Wiley Periodicals, Inc. [ABSTRACT FROM AUTHOR]

The role of the audit committee and internal audit in corporate governance has grown in recent years. In this context, the audit literature and practice have underlined the increasingly important role of support and interaction between audit committee and internal audit with the aim to improve the corporate governance quality. The purpose of this paper is to examine the relationship between the audit committee and the internal audit as well as the impact of audit committee characteristics on this relationship in the Tunisian context. Data was collected by means of a questionnaire addressed to the chief internal auditors of 50 Tunisian firms. The regression results suggest that expertise and frequency of meetings of audit committee have a positive impact on audit committee interaction with internal audit, while the size of the audit committee affects negatively this interaction. However, audit committee independence has no effect on audit committee relation with internal audit. [ABSTRACT FROM AUTHOR]

This article assesses the experience of the Netherlands with performance budgeting since full programme and performance budgeting was introduced in 1999-2002. The lessons learned so far resulted in 2012 in a reform called "Accountable Budgeting" involving a major overhaul of the performance budgeting structure in order to enable more detailed parliamentary oversight as well as to enhance internal control by the Ministry of Finance and line ministries. The article examines international experience with PBB reform and its use in the context of the Netherlands national government, focusing on the lessons learned concerning the use of performance information in the budgetary process. The "Accountable Budgeting" reform is explained, and the concluding section assesses which PBB assumptions were challenged, abandoned or retained in these reforms and discusses possible future developments in budget presentation. [ABSTRACT FROM AUTHOR]

Corporate Social Responsibility (CSR) has become a popular research stream in business administrations' theory, as the increasing number of publications and specialised journals indicate. There can be identified numerous attempts in literature to define CSR. In a first step, the paper reviews selected attempts, in order to clarify the basic understanding of CSR. Furthermore, theoretical concepts of CSR will be discussed. Subsequently, empirical studies, analysing the state of implementation of CSR, will be presented. The paper aims to systematically categorise the different research approaches, in order to provide a general overview. Recent studies in Germany indicate that finance departments are almost not involved in CSR implementation. This nourishes doubts of a company wide implementation of CSR. [ABSTRACT FROM AUTHOR]

Sustainability is not a passing fad, although the finance function as a whole often remains skeptical of sustainability efforts and reporting. This article argues that Finance should become an involved participant-and even a leader-in sustainability efforts. It shows how the finance function can add value to these efforts and why this help is crucial. It then introduces a maturity model against which the finance function can assess its status in supporting and leading sustainability initiatives. © 2012 Wiley Periodicals, Inc. [ABSTRACT FROM AUTHOR]

The article offers industry news briefs from Great Britain and the U.S. as of December 2013. Document Security Systems Inc. has announced successful closing of its merger with the intellectual property firm Lexington Technology Group Inc. (LTG). A survey by Easy Software UK has revealed that 52 percent of British finance departments will invest in Electronic Document Management. Millennium Research Group Inc. (MRG) has said that electronic medical records (EMRs) in the U.S. increased in 2012.

I survey 457 published papers in top finance journals across two decades to assess whether these papers misuse tests of significance. More than 80% of published studies are diligent about distinguishing between statistical and economic significance and quantifying and interpreting the economic magnitudes of the statistical relationships they measure. Yet, only 10% of these acknowledge limits to the power of their tests and even fewer do anything about them. Recent demographic trends in publishing, such as larger co-author teams and increased participation by non-North American scholars, women, and those outside the top finance departments are not associated with these outcomes. [ABSTRACT FROM AUTHOR]

The article reflects on the evolving role of treasury departments from a tactical focus on transaction processing and analysis to significant strategic role. He mentions that optimising working capital, managing enterprise risk and ensuring sufficient access to cash and liquidity are among the responsibilities of treasurers. He cites the most significant challenges facing treasury including slow economic recovery, concerns relative to liquidity and risk, and low interest rates.

Abstract: This paper considers a special case for logistics activities in Turkey: a joint selection of customs broker agency and international road transportation firm. For this purpose a decision-making team has been constituted, including members of logistics and finance departments and an academic. They determined related quantitative and qualitative criteria for the selection process. To cover the vagueness of related qualitative data, a fuzzy analytic network process (FANP) based model was formulated and applied to the decision-making process. The FANP model encompasses and substantially resolves the ambiguity and imprecision of the pairwise comparison process. By using the proposed FANP structure, the joint selection problem could be solved in a much easier way by also considering the inter-dependencies related to criteria. [Copyright &y& Elsevier]

Asia's emergence as a key player in the global economy is witnessing intense competition within the region to become Asia's next great international financial centre (IFC). Hong Kong, Singapore and Shanghai, among others, are vying for primacy, attempting to attract dense clusters of financial services firms and reap the lucrative rewards associated with this. This paper explores this emerging competition. It does so from the perspective of attempting to map the parameters necessary to become an IFC, particularly the institutional, political and spatial contexts that facilitate the concentration of international financial services. Why and how financial clustering occurs and the factors that determine the location of financial centres is an important public policy concern, both for established centres eager to maintain their competitive position as well as emerging economies keen to identify the policy levers necessary to support financial sector growth. To that end, the paper explores the experiences and strategies of three of Asia's current contenders: Hong Kong, Shanghai and Singapore. It analyses the policy architecture, financial sector strategies, institutional mechanisms and spatial geographies undergirding financial sector growth, and the constraints, obstacles and challenges each face in developing and or consolidating their IFC. [ABSTRACT FROM AUTHOR]

Significant changes in external market conditions have resulted in operations placing greater demands on the finance function. Traditional finance departments are increasingly expected to deliver more value and be more proactive in supporting the organization's overall business strategies. Unfortunately, many finance departments are not yet ready to meet such challenges. This article proposes a transformation process to reorganize present day finance functions to become a ‘finance of the future’. The proposed process applies tools such as best practices, outsourcing and technology to achieve a ‘desired future outcome’. [ABSTRACT FROM AUTHOR]

Target costing, successfully implemented by firms in Japan since 1960's, have recently taken attention of the firms in USA and other developed western countries. The term costing causes the system to be thought of being under responsibility of accounting and finance departments. However, target costing can be best implemented and successful by full participation of all the units and departments within value-chain of an organization. Moreover, as it has been mentioned by all the researchers and experts in the field, target costing is not only a cost reduction and control technique, but a comprehensive strategic management system. In this study, target costing process that is not well known in our country yet, will be explained and factors to be considered for successful implementation of target costing will be discussed. [ABSTRACT FROM AUTHOR]

In recent years, CFOs have been asked to improve efficiency and competitive cost structures within the Finance department, while simultaneously meeting the growing demands of the company's operations. This occurs, of course, while CFOs have also had to face additional external scrutiny and compliance requirements. Together, these developments place themes like “finance excellence” or “finance transformation” at the top of the CFO's agenda. In many cases, the result is a comprehensive reorientation of the entire Finance organization with significant performance improvements in both Finance and the entire company. © 2008 Wiley Periodicals, Inc. [ABSTRACT FROM AUTHOR]

Focuses on issues about the changes needed in the utility industry in U.S. Emphasis on the nature of the utility business in the provision of service, lifestyle and support to the community; Differences between the energy industry's embedded culture and the newer, more competitive one; Significance of bridging the difference between finance and production on the achievement of productivity and cost-effectiveness of an organization.

Abstract We examine membership on editorial boards of sixteen leading finance journals in 1985, 1990, 1995, and 2000. Membership on a board of a high-quality journal is highly selective. Editors and members of editorial boards of quality journals are trusted by their peers who submit their research for publication consideration. Thus, the number of faculty represented on editorial boards of quality journals should provide a quality indication of the finance department. We use membership representation to provide a ranking of finance departments adjusted for department size and journal quality. [ABSTRACT FROM AUTHOR]

Looks at how the collaboration of human resource and finance can enable robust measurement of intangible assets and improve financial decisions by increased understanding of human capital issues. Excerpt from a report by Mercer and CFO Research Services; Human capital management from the perspective of the chief financial officer.

Examines the role of the Treasury in promoting efficient cash management in South Africa. Impact of cash management on the macroeconomy; Determinants on the decision about the optimal amount of cash balance holding; Policy implications for the improvement of cash management and operations of Treasury bill markets.

Finance journal quality is a critical issue for faculty annual elevations, for the tenure and promotion process, and for the administration of faculty workload plans. Unlike other studies that use objective measures (such as citation frequencies) to rate journals, this study focuses on the opinions of chairpersons about the relative quality of 55 finance, insurance, and real estate journals. A sample of 218 finance department chair-persons at AACSB accredited business schools were surveyed, and 125 responses were received (57.34% response rate). Besides overall aggregate scores, responses are segregated and tested for differences across several dimensions. The results offer interesting and current insight on general perceptions of journal quality. [ABSTRACT FROM AUTHOR]