Essays On Organizational Ambidexterity Financial Reporting Quality And Investment Efficiency
DOWNLOAD
Download Essays On Organizational Ambidexterity Financial Reporting Quality And Investment Efficiency PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Essays On Organizational Ambidexterity Financial Reporting Quality And Investment Efficiency book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Essays On Organizational Ambidexterity Financial Reporting Quality And Investment Efficiency
DOWNLOAD
Author : Emmanuel Mwaungulu
language : en
Publisher:
Release Date : 2021
Essays On Organizational Ambidexterity Financial Reporting Quality And Investment Efficiency written by Emmanuel Mwaungulu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with Financial statements categories.
Organizational ambidexterity is a corporate strategy where a firm simultaneously seeks to pursue exploration and exploitation (March, 1991). Despite being described as one of the most interesting subjects in strategy research (O’Reilly & Tushman, 2013), accounting and finance scholars have not yet extensively explored this topic. In accounting, studies on organizational strategy have looked at the effects of exploitation and exploration on financial reporting quality (Bentley, Omer, & Sharp, 2013; Hsieh, Ma, and Novoselov, 2019), audit quality (Bentley et al., 2013; Bentley-Goode, Newton, & Thompson, 2017), and tax accounting (Higgins, Omer, & Phillips, 2015). But none of the studies have analyzed the impact of ambidexterity on accounting outcomes. Similarly, on the finance end, studies have looked at how ambidexterity affects firm performance (Fu & Morris, 2014; Han & Celly, 2008; Hill & Birkinshaw, 2014; Lubatkin, Simsek, Ling, & Veiga, 2006; Stubner, Blarr, Brands, & Wulf, 2012; Uotila, Maula, Keil, & Zahra, 2009) but there has not been any work that explains how ambidexterity relates to better financial performance. Contributing to the aforementioned literature and filling the highlighted gaps, this dissertation seeks to answer two research questions. First, does organizational ambidexterity affect financial reporting quality? Second, does organizational ambidexterity affect investment efficiency? The dissertation consists of two papers, each answering one of the research questions. The first paper addresses the relationship between ambidexterity and financial reporting quality. The paper hypothesizes that ambidextrous firms reduce agency problems, have better performance, and are less risky, and thus will engage in less accounting manipulation and have higher financial reporting quality. The study used machine learning to measure ambidexterity (Bonsall, Mammadov, & Vakilzadeh, 2021; K. Li et al., 2020) and the discretionary accrual method to measure financial reporting quality (Kothari, Leone, & Wasley 2005). The study found a positive and significant relationship between ambidexterity and high financial reporting quality. The paper introduces March’s (1991) organizational strategy typology into accounting research and extends current accounting and strategy research by showing ambidexterity impacts accounting outcomes. The second paper addresses the relationship between ambidexterity and investment efficiency. Specifically, the paper highlights how ambidexterity relates to better performance by analyzing investment efficiency between ambidextrous and non-ambidextrous firms. The second study also used machine learning to measure ambidexterity (Bonsall et al., 2021; K. Li et al., 2020). Following Benlemlih and Bitar (2018), Biddle, Hilary, and Verdi (2009), and S. Chen, Sun, Tang, and Wu, (2011), the study measured investment efficiency using the deviation from the expected investment levels approach. The study found that ambidextrous firms show the least amount of deviation from ideal investment levels and thus have better investment efficiency. The findings contribute to the literature by showing how ambidexterity leads to better performance. In additional analyses, the study found that ambidexterity specifically leads to better investment efficiency by reducing overinvestment. The findings have implications for practice as they provide guidance on what managers and consultants should consider when deciding firm strategy.
Financial Reporting Quality And Investment Efficiency
DOWNLOAD
Author : Rodrigo S. Verdi
language : en
Publisher:
Release Date : 2006
Financial Reporting Quality And Investment Efficiency written by Rodrigo S. Verdi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
This paper studies the relation between financial reporting quality and investment efficiency on a sample of 38,062 firm-year observations between 1980 and 2003. Financial reporting quality has been posited to improve investment efficiency, but to date there has been little empirical evidence to support this claim. Consistent with this claim, I find that proxies for financial reporting quality are negatively associated with both firm underinvestment and overinvestment. The relation between financial reporting quality and underinvestment (overinvestment) is mainly driven by the innate (innate and discretionary) component of reporting quality. Further, financial reporting quality is more strongly associated with overinvestment for firms with large cash balances and dispersed ownership, which suggests that financial reporting quality mitigates information asymmetries arising from agency conflicts. However, I find mixed evidence for the hypothesis that financial reporting quality is more strongly associated with underinvestment for firms facing financing constraints. Finally, the relation between financial reporting quality and investment efficiency is stronger for firms with low quality information environments. Overall, this paper has implications for research examining the determinants of investment efficiency and the economic consequences of enhanced financial reporting.
Essays On The Determinants And Effects Of Financial Reporting Quality
DOWNLOAD
Author : Ting Luo
language : en
Publisher:
Release Date : 2007
Essays On The Determinants And Effects Of Financial Reporting Quality written by Ting Luo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
How Does Financial Reporting Quality Relate To Investment Efficiency
DOWNLOAD
Author : Gary C. Biddle
language : en
Publisher:
Release Date : 2015
How Does Financial Reporting Quality Relate To Investment Efficiency written by Gary C. Biddle and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
Prior evidence that higher quality financial reporting improves capital investment efficiency leaves unaddressed whether it reduces over- or under-investment. This study provides evidence of both in documenting a conditional negative (positive) association between financial reporting quality and investment for firms operating in settings more prone to over-investment (under-investment). Firms with higher financial reporting quality also are found to deviate less from predicted investment levels and show less sensitivity to macroeconomic conditions. These results suggest that one mechanism linking reporting quality and investment efficiency is a reduction of frictions such as moral hazard and adverse selection that hamper efficient investment.
Essays On Institutional Economics And The Quality Of Financial Reporting
DOWNLOAD
Author : John A. Hepp
language : en
Publisher:
Release Date : 2004
Essays On Institutional Economics And The Quality Of Financial Reporting written by John A. Hepp and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Determining The Impact Of Multiple Consecutive Years Of Financial Reporting Quality Issues On Investment Efficiency
DOWNLOAD
Author : Amanda L. Wilford
language : en
Publisher:
Release Date : 2012
Determining The Impact Of Multiple Consecutive Years Of Financial Reporting Quality Issues On Investment Efficiency written by Amanda L. Wilford and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Enhancing Business Stability Through Collaboration
DOWNLOAD
Author : Ari Kuncoro
language : en
Publisher: CRC Press
Release Date : 2017-10-16
Enhancing Business Stability Through Collaboration written by Ari Kuncoro and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-16 with Business & Economics categories.
Business practices in emerging markets are constantly challenged by the dynamic environments that involve stakeholders. This increases the interconnectedness and collaboration as well as spillover effect among business agents, that may increase or hold back economic stability. This phenomenon is captured in this proceedings volume, a collection of selected papers of the 10th ICBMR 2016 Conference, held October 25—27, 2016 in Lombok, Indonesia. This ICBMR’s theme was Enhancing Business Stability through Collaboration, and the contributions discuss theories, conceptual frameworks and empirical evidence of current issues in the areas of Business, Management, Finance, Accounting, Economics, Islamic Economics, and competitiveness. All topics include aspects of multidisciplinarity and complexity of safety in research and education.
Local Economic And Employment Development Leed Culture And Local Development
DOWNLOAD
Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2005-04-21
Local Economic And Employment Development Leed Culture And Local Development written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-04-21 with categories.
This publication highlights the impact of culture on local economies and the methodological issues related to its identification.
Lead And Disrupt
DOWNLOAD
Author : Charles A. O’Reilly III
language : en
Publisher: Stanford University Press
Release Date : 2016-03-30
Lead And Disrupt written by Charles A. O’Reilly III and has been published by Stanford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-30 with Business & Economics categories.
In the past few years, a number of well-known firms have failed; think of Blockbuster, Kodak, or RadioShack. When we read about their demise, it often seems inevitable—a natural part of "creative destruction." But closer examination reveals a disturbing truth: Companies large and small are shuttering more quickly than ever. What does it take to buck this trend? The simple answer is: ambidexterity. Firms must remain competitive in their core markets, while also winning in new domains. Innovation guru Clayton M. Christensen has been pessimistic about whether established companies can prevail in the face of disruption, but Charles A. O'Reilly III and Michael L. Tushman know they can! The authors explain how shrewd organizations have used an ambidextrous approach to solve their own innovator's dilemma. They contrast these luminaries with companies which—often trapped by their own successes—have been unable to adapt and grow. Drawing on a vast research program and over a decade of helping companies to innovate, the authors present a set of practices to guide firms as they adopt ambidexterity. Top-down and bottom-up leaders are key to this process—a fact too often overlooked in the heated debate about innovation. But not in this case. Readers will come away with a new understanding of how to improve their existing businesses through efficiency, control, and incremental change, while also seizing new markets where flexibility, autonomy, and experimentation rule the day.
The Appreciative Inquiry Handbook
DOWNLOAD
Author : David L. Cooperrider
language : en
Publisher: Berrett-Koehler Publishers
Release Date : 2008-01-10
The Appreciative Inquiry Handbook written by David L. Cooperrider and has been published by Berrett-Koehler Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-01-10 with Business & Economics categories.
In this thoroughly revised and updated edition of one of the most popular change methods in the world, Cooperrider et al. track the recent changes in the field and explain how AI can contribute to sustainability and the triple bottom line. One of today's most popular change methods, Appreciative Inquiry (AI) has been used to undertake transformational initiatives in dozens of organizations, ranging from McDonalds to the U.S. Navy to Save the Children. The assumption of AI is simple. Every organization has things that work right-things that give it life when it is vital, effective, and successful. AI begins by identifying this positive core and connecting organizational visions, plans, and structures to it in ways that heighten energy and inspire action for change. This book presents all of the concepts, examples, and aids necessary to engage groups of all sizes in Appreciative Inquiry. The authors provide background information on what AI is and how it works and offer sample project plans, designs, agendas, course outlines, interview guidelines, participant worksheets, a list of resources, and more. This second edition has been extensively revised, updated, and expanded, including new case studies, new tools and supplemental articles, an expanded bibliography and resource list, and an entirely new chapter on case applications. And throughout, the authors focus on how AI can support an organizational focus on sustainability and the triple bottom line of people, prosperity, and planet.