Capital Model Research Articles

Are earnings management practices normalised within accounting education? A study of students’ perceptions in Colombia

ABSTRACT From an ethical perspective, the exploration of earnings management remains insufficiently examined within the Latin American accounting landscape. To address this gap, this study explores the perceptions of accounting students at Colombian universities regarding earnings management practices that potentially deceive stakeholders. A questionnaire containing scenarios depicting earnings management was distributed to 261 accounting students across various cities. Through multivariate techniques and a logit model, the study finds that students from higher socioeconomic backgrounds and those with work experience are more inclined to perceive such practices as acceptable. Furthermore, students attending public universities perceive greater acceptance of earnings management among their peers and professors compared to those attending private universities. These findings suggest that accounting education appears to reinforce an ‘economic ethic’ that prioritises the interests of the capitalist model over ethical considerations. The study highlights the need to strengthen ethical education within accounting curricula, fostering moral reasoning development beyond merely adhering to professional ethical codes.

A Cross-Sectional Study Investigating the Role of Meaning and Purpose in Life Among Older Individuals (≥50-Years Old) in Recovery from Alcohol Use Disorder/Problem Drinking

ABSTRACT Meaning and purpose in life (MPL) is an important domain of the recovery capital model. Yet, this important recovery support mechanism has received scant attention, particularly in relation to older individuals recovering from alcohol use disorder (AUD)/problem drinking. Framed within Viktor Frankl’s theory of meaning, the study used two measures, the Purpose in Life Test and the Meaning in Life Questionnaire, to collect the data of 381 older individuals (≥50-years old) in recovery. The data was analyzed against four independent variables: onset age of problem drinking (early- and late-onset), gender, continuous years in recovery and recovery pathways. The study found a significant relationship between MPL and continuous years in recovery, suggesting that as the length of time in recovery increases, so too, do levels of MPL.

Multi-Scale Evaluation and Simulation of Livelihood Efficiency in Post-Poverty Mountainous Areas

Promoting the coordination of livelihoods at the county and farmers’ scales is essential for achieving balanced regional development and rural revitalization in post-poverty mountainous areas. Existing studies predominantly focus on farmers’ or regional livelihood capital and livelihood efficiency at a single scale, lacking research on cross-scale coordination between farmers’ and county livelihoods. Consequently, these studies fail to reveal the interactions and synergistic enhancement pathways between the two scales. This study, using the Qinba mountains in southern Shaanxi as a case, employs system dynamics to construct a coupled system dynamics model of farmers’ livelihood efficiency and county livelihood efficiency. From the perspective of livelihood capital, five regulatory modes, comprising a total of 17 scenarios, were designed and simulated. The results indicate the following data: (1) The coupling coordination degree between farmers’ livelihood efficiency and county livelihood efficiency in the Qinba mountains is 0.623, indicating a moderate level of coordination overall. However, the coupling coordination relationship requires further optimization and adjustment. Specifically, Foping exhibits a severe imbalance, while the coupling coordination degree of Shiquan, Zhashui, Baihe, Pingli, and Lan’gao is in a state of basic coordination. Additionally, 19 other counties, including Lueyang, Ningqiang, Yang, and others, exhibit moderate coordination. (2) Enhancing social or financial capital through various means typically promotes the coordinated development of farmers’ and county livelihood efficiency. On average, social capital and financial capital regulation models can increase the coupling coordination degree by 0.08 and 0.17, respectively. Additionally, strategies such as increasing fixed asset investment and regulating other capital types, including reducing arable land, also effectively improve the coupling coordination degree of farmers’ and county livelihood efficiency. This study provides a decision-making basis for improving the coordination of farmers’ and county livelihoods in post-poverty mountainous areas, thereby promoting economic development and intensive resource utilization. It assists in formulating more precise policy measures and offers a reference for sustainable development and rural revitalization in similar regions.

The Role of Managerial Competencies in Higher Education: Navigating Current Transformational Trends

Objective: This study investigates the managerial competencies required in the field of higher education in response to contemporary transformational trends. The main goal is to explore how these competencies are shaped by the ongoing digital transformation, strategic management approaches, and the shift towards entrepreneurial university models. Theoretical Framework: The research draws on key concepts related to digital leadership, human capital development, and Agile management. Theories of educational management and models of intellectual capital are employed to frame the investigation and provide a comprehensive understanding of the changing dynamics in higher education. Method: A qualitative and mixed-methods approach was utilized, incorporating data from reports, surveys, and contemporary studies on digital competencies, hybrid learning, and leadership in educational institutions. The study includes both theoretical analysis and empirical data collection through case studies and expert assessments. Results and Discussion: The findings reveal that digitalization and the transition to blended learning environments are driving the need for new managerial skills. These skills include digital leadership, strategic decision-making, and the ability to balance traditional and online educational models. The discussion highlights the importance of flexible management approaches, such as Agile, in addressing these emerging challenges. Research Implications: The study provides practical and theoretical insights into how higher education institutions can adapt their leadership strategies to meet the demands of digitalization. These findings have implications for educational policy, institutional governance, and the development of leadership training programs. Originality/Value: This research contributes to the growing body of literature on higher education management by offering a fresh perspective on the evolving competencies required in today’s digital age. The value lies in its focus on the intersection of digital transformation and managerial competencies, offering practical solutions for enhancing leadership in higher education.

A robust financing theory of ICOs under demand uncertainty of products of token platforms

PurposeThe market products produced by Initial Coin Offerings (ICO) platforms are often relatively new and have no previous transaction records and therefore are hard to estimate for its demand. The purpose is to study the impacts of the degree of ambiguity aversion of entrepreneurs to demand uncertainty on the ICO financing ratio, the optimal expected output, the optimal efforts and the token price.Design/methodology/approachIn an optimal ICO design, we introduce demand uncertainty of the product and establish a robust optimization method to solve the ICO optimal design. We compare ICO financing and the general venture capital (VC) financing model. We analyze the impact of demand uncertainty on the optimal ICO financing ratio.FindingsFindings include that the ICO financing ratio is positively related to the degree of ambiguity aversion, the token price is negatively related to the degree of ambiguity aversion and the “ambiguity premium” exists in the ICO market, the optimal effort levels are negatively related with the ICO financing ratio, but positively related with token price, and in the environment of high production cost, VC financing is not as good as ICO financing.Originality/valueWe develop a robust ICO financing model by assuming that the entrepreneur is ambiguity aversive to the demand uncertainty. Analyze the impact of the degree of ambiguity aversion on the ICO financing ratio in theory and find that the entrepreneur can raise funds with the higher ICO token ratio when she has a larger degree of ambiguity aversion to the demand uncertainty. Extend the impact analysis of the degree of ambiguity aversion on the expected token price and find a negative relationship between the expected token price and the degree of ambiguity aversion of the entrepreneur to the demand uncertainty.

A Proposed Model to Measure the Impairment Value of Fixed Assets with the Need for Tax Recognition

International accounting standards require, in particular the impairment of (36) asset value standard No (31), re- evaluation of assets to display the value of fair value as the replacement value at the end of the period or fiscal year of the disclosure of assets, real value, the represent philosophy of accounting to relevant of different models to call the fair values, especially in case of using methodology - based pricing capital asset model. The researcher presented a model for measuring the impairment of the book value of assets form, which contributes to the measurement of accuracy of the fixed measurement of accounting income and taxable income help guide the preparation of financial statements in the presentation of fixed assets as fast as they converge with the fact that revenue and economic benefits of the asset in the financial period is ending. Because the accounting incases always different on taxable income for the application of the income tax act, although the act, to impose tax in net profit, which present the income statement prepared in accordance with the Egyptian accounting standards, but on grounds of maintaining the public revenues of ministerial decisions were issued contrary to that application and became the standard (31) can’t be applied when determining the tax base. Which led to a loss in its submission for income tax, which is a clear challenge, there is no application of some financial standards, which is what the researcher tried to show. He presented it to determine the tax impact of not applying the standard.

‘Economic constitutionalism in a turbulent world’: a critical review

Abstract The article analyses the book Economic Constitutionalism in a Turbulent World edited by Skordas, Halmai and Mardikian, criticising the assumptions of societal constitutionalism and ordoliberalism on which it is based. The book concurs with the view that the current crisis of global legal institutions cannot be tackled going back to Nation States. Such an assumption seems to be inspired by societal constitutionalism à la Teubner. In contrast to traditional constitutionalism, which hinges on the dichotomy between constituent and constituted power, societal constitutionalism assigns a central role to independent institutions, whose main function is to avoid any hegemony of one social sub-system over another, in particular of politics over economics. The limit of societal constitutionalism lays in its assumption that the economic sub-system has its own rationality that the political–constitutional system can only irritate, taking for granted that the paradigm of that economic rationality is the one established after 1989, thus implicitly adhering to the neo-ordoliberal vision and legitimising its absolute immanentism. Coming to the materiality of the issues underlying the book, most of the contributions conceive globalisation as an engine for the increase of global prosperity. This confidence rests in the Ricardian theory of comparative advantage. However, the latter is valid only under condition of restrictions on the movement of capital. Another assumption made by several contributions is the theory of the varieties of capitalism, according to which individual models of capitalism tend to stabilise around certain production regimes whose key actors are large firms and business associations. According to an alternative, neo-Kaleckian paradigm, there is no natural convergence of the actors of the economic system towards a mutually beneficial institutional set-up, and it is quite unlikely that, without the external intervention of politics, the system can return to equilibrium.

Regional pathologies of late-stage neoliberalization: The case of Japan in East Asia

The ‘polycrisis’ of global capitalism has regional and national particularities that are worthy of exploration. In the case of East Asia, we see rising military, political and economic tensions which mirror global trends, but take a specific concrete regional form. We offer an explanation for these tensions in East Asia that highlight their roots in developments within the national models of capitalism that make up the region, in this case from the perspective of Japan. Drawing on a regulation theory framework, we show how Japan’s faltering national regime of accumulation has been through a constant process of neoliberalization since the early 1990s. This has prompted a number of institutional shifts, one of which includes increasing integration within the East Asian region. This, however, has produced a number of new problems, which we might consider to be general pathologies of late-stage neoliberalization and that are typically experienced at the regional level. In particular, we identify four interconnected and mutually reinforcing pathologies: heightened national economic and political rivalries; heightened market competition; increased vulnerability to disruption to region-wide commodity chains; and declining popular support that is being met by political attempts to adopt nationalist legitimation strategies. Such an account allows us to understand the obstacles and tensions preventing moves towards a smoother process of accumulation in the case of Japan in East Asia, and more generally throughout the contemporary global political economy, as well as offering a more complete account of the complexity and contradictions associated with the growing assertiveness of the Japanese state.

Capitalism, Education and Social Mobility: Critical Approach Based on Scientific Literature

Education is a key factor for human development and social progress. However, in the context of capitalism, education is also influenced by economic inequalities and power structures. Scientific information selected through a critical review has identified the main theories and findings regarding education conceived within the capitalist model and inherent social mobility. The results demonstrate that in more egalitarian states, wage increases associated with education vary only slightly based on socioeconomic status. However, significant class disparities exist in states with moderate to high levels of inequality. While some argue that education can be a tool for upward mobility, others emphasize how capitalism and pre-existing inequalities can limit such mobility. Understanding this relationship is crucial for addressing issues of equity and social justice in capitalist societies.

Barriers of access to primary healthcare services by National Health Insurance Fund capitated members in Uasin Gishu county, Kenya

PurposeThe study identifies provision of primary healthcare services using the capitated health model as a prerequisite for promoting positive healthcare outcomes for a country’s population. However, capitated members have continued to face challenges in accessing primary healthcare services despite enrolment in the National Health Insurance Fund (NHIF). This study sought to determine if variables such as patient knowledge of the NHIF benefit package, NHIF Premium Payment processes, selecting NHIF capitated health facilities, and NHIF Communication to citizens’ influences access to primary healthcare services.MethodA cross-sectional analytical research design was adopted. Data was collected from patients who were using NHIF cards, who were drawn from health facilities. Data was collected using a structured questionnaire where some of the questions were rated using the Likert scale to enable the generation of descriptive statistics. Data was analysed using descriptive and inferential statistics. Logistic regression was conducted to determine the relationship between the independent and the dependent variables.ResultsThe study found that four independent variables (Patient knowledge of NHIF Benefit Package, NHIF Premium Payment processes, Selecting NHIF capitated Health Facility, and NHIF Communication to citizens) were significant predictors of access to capitated healthcare services with significance values of .001, .001, .001 and .001 respectively at 95% significance level.ConclusionsThe study found that familiarity with the NHIF benefit package significantly influenced NHIF capitated members' access to primary healthcare services in Uasin Gishu County. While most members were aware of their healthcare entitlements, there's a need for increased awareness regarding access to surgical services and dependents' inclusion. Facility selection also played a crucial role, influenced by factors like freedom of choice, NHIF facility selection rules, facility appearance, and proximity to members' homes. NHIF communication positively impacted access, with effective communication channels aiding service accessibility. Premium payment processes also significantly linked with service access, influenced by factors such as payment procedures, premium awareness, payment schedules, registration waiting periods, and penalties for defaults. Overall, patient knowledge, NHIF communication, premium payment processes, and facility selection all contributed positively to NHIF capitated members' access to primary healthcare services in Uasin Gishu County.

Effects of autism spectrum disorder on parents labour market: Productivity loss and policy evaluation in Kazakhstan.

Kazakhstan has witnessed a significant increase in the number of Autism Spectrum Disorder cases due to the implementation of mechanisms for early detection. However, despite these efforts, accessing quality services and effective interventions for individuals with Autism Spectrum Disorder remains challenging. While the government has implemented various policies to address the impact of Autism Spectrum Disorder on the labour market, especially for those with disabilities, the effectiveness of these policies needs to be evaluated. Therefore, this article aims to estimate the loss of productivity by calculating the cost of non-working for parents of children with Autism Spectrum Disorder. To achieve this goal, we combine data from official sources with data from our own survey to estimate the loss of productivity using human capital models. In addition, we conduct policy simulations to assess the impact of the existing policy implemented in Kazakhstan that recognises the time of caring for children with Autism Spectrum Disorder and disability as working in the paid labour market. Our results reveal that the productivity loss is substantial, with mothers of children with Autism Spectrum Disorder being particularly affected. Furthermore, based on the outcomes of the policy simulations, it becomes evident that policies solely targeting parents of children with Autism Spectrum Disorder and disability are insufficient to address the labour market gaps and the consequent loss of productivity. To effectively mitigate the impact of Autism Spectrum Disorder in the labour market, a more comprehensive approach is needed. This approach should encompass a broader range of interventions and support mechanisms, including those for individuals without disabilities and parents of children with Autism Spectrum Disorder.

Analisa Dampak Penerapan Akuntansi Sewa Pembiayaan terhadap Laporan Posisi Keuangan, Laporan Laba Rugi, dan Rasio Solvabilitas: Studi Pada Perusahaan Terbuka di Indonesia

IFRS 16 is the latest lease accounting standard to be implemented by PSAK 73 in Indonesia. PSAK 73 regulates the recognition, measurement, presentation, and disclosure of leases for lessees by classifying leases as finance leases. This results in the assets and liabilities from lease transactions being recognized in the financial statements, with optional exceptions for short-term leases and leases with low-value underlying assets. This study aims to evaluate the impact of implementing PSAK 73 on the assessment of company financial performance through financial ratios. The sample consists of nine companies from each of three industrial sectors: manufacturing, mining, and services, which are listed on the Indonesia Stock Exchange in 2020. The method used in this study is the constructive lease capitalization model developed by Imhoff, Lipe, and Wright (1991). The results show that the impact of lease capitalization is most significant in the service industry, followed by the mining and manufacturing industries, with average changes in Debt to Asset Ratio (DAR) and Debt to Equity Ratio (DER), as well as decreases in Return on Asset (ROA) and Return on Equity (ROE).

Efficacy of continuous employee learning and development in the South African public service between 2014 to 2023 era

Modern technologies have intensified innovations and necessitated changes in public service processes and operations. Continuous employee learning development (CELD) is one means of the molecule-atom that keep employees motivated and sustain competitiveness. The study explored the efficacy of CELD in relation to modern technology in the South African (SA) public service departments between 2014 to 2023 era. Departments are faced with challenge of equipping their employees with adequate professional and technical skills for both the present and the future in order to deliver specific government priorities. Data for the study were gathered utilizing a qualitative semi-structured e-questionnaire. The study sample consisted of 677 human capital development practitioners from national and provincial government departments in SA. The inefficacy CELD and the inadequacy of technological infrastructure and service delivery can be attributed to the failure by executive management and senior managers to invest in CELD to prepare employees for digital world. It is recommended that departments should use Ruggles’s knowledge management, Kirkpatrick’s training, and Becker and Schultz’s human capital models as sound measurement tools in order to gain a true return on investment. The study adds pragmatic insight into the value of CELD in the new technological environment in public service departments.

The Experiences of Women Leaders in the Higher Education Sport Sector: Examining the Gendered Organization Through Bourdieu’s Model of Field, Capital and Habitus

This article is the first to examine experiences of women with leadership roles in the U.K. Higher Education sport sector. We carried out detailed interviews with women leaders. We utilized Bourdieu’s model of habitus, capital, and field; Acker’s concept of “gendered organizations;” and Shilling’s concept of physical capital. Our findings show Higher Education operates more inclusively than the wider sport sector, which has the potential to advance gender equality. However, gendered practices remain with women working harder to accumulate and convert capital. Motherhood negatively impacts conversion of capital and respondents without children felt this benefitted their career. Finally, we discuss the impact of menopause on the careers of women and suggest this can impact self-perception.

Disentangling between- and within-patients effects of emotion regulation on outcome in naturalistic psychotherapy.

The aim of this study was to disaggregate the between-patient and within-patient effects of emotion regulation (ER) on treatment outcome and explore relevant trait-like moderators of the within-patient effects. Three hundred thirty-nine patients with heterogenous clinical conditions were admitted to psychotherapy at a clinical center. During the intake evaluation, patients completed the Inventory of Interpersonal Problems, the Outcome Questionnaire 30, and the State Difficulties of Emotion Regulation Scale. Subsequently, patients responded to the Outcome Questionnaire 30 and State Difficulties of Emotion Regulation Scale every session for the initial five sessions, followed by assessments every two sessions until the 15th session and then every four sessions until the end of treatment. Multilevel models revealed significant between- and within-patient effects of ER on clinical distress. That is, patients with lower average levels of ER difficulties showed greater benefit from treatment, and lower ER difficulties over the course of treatment were associated with lower clinical distress. Furthermore, interactive models demonstrated that lower average levels of ER throughout treatment and fewer interpersonal problems at the beginning of treatment were associated with better treatment outcome. These findings provide evidence supporting the role of ER as a mechanism of change. The interaction between trait-like components and state-like fluctuations of ER suggests a capitalization model for the role of ER in psychotherapy. (PsycInfo Database Record (c) 2024 APA, all rights reserved).

The hidden costs of free services: how donations support the corporate platformization of education

ABSTRACT The adoption of ‘free’ large-scale proprietary platforms, such as Microsoft 365 for Education and Google Workspace for Education by public education has raised significant concerns, including student privacy, technological lock-in, as well as a privatization of educational governance. Because of their ‘non-onerous’ nature, there is limited open documentation to understand the scope and substance of these agreements. This study explores the associations between public education with large software corporations associated with surveillance capitalism in Brazil. The data, requested via formal requests for information sent to all states, demonstrate that the majority of states have adopted these platforms, with a sharp rise during the COVID-19 pandemic. An in-depth legal analysis of the contracts shows that the apparently ‘non-onerous’ nature of these contracts can be used to obscure the business models of surveillance capitalism, which are based on data extraction and processing. Implications for educational governance and school actors are discussed.

Circuits of capital, the socio-ecological fix and power relations in a rural area. The genealogy of socio-ecological transformations of the upper Saône valley (France)

Although the circuits of capital model emphasizes the part played by the overaccumulation of capital at the core of capitalistic development, scientific research has seldom used this framework for analysing rural dynamics. After proposing a theoretical approach involving circuits of capital, rural areas and the socio-ecological fix, we draw on different historical sources, semi-directive interviews and press articles to understand how circuits of capital largely altered the socio-ecosystem of France’s upper Saône valley until the mid-nineteenth century before being directed instead towards other more urban areas. The marginalizing of this rural space by the third circuit of capital tended to reduce the socio-ecological transformations expected of capitalistic development in the twentieth century. Political actors at all levels then played a decisive role in the circulation of capital and the shaping of the river and its floodplain. Inclusion in the fourth circuit of capital is an objective for some political actors today who are developing strategies for branding and marketing the local area. If it develops successfully, this fourth circuit of capital will make a sizeable impact on the urbanization of this rural area, setting it on a new trajectory in terms of transformations of the river. It seems that each generation of circuit of capital involves greater socio-ecological impacts than the previous one, forming a palimpsest of capitalistic development.

The things they are a-changin': reinventing daily objects during the chilean 2019 revolt

In October 2019, fuelled by a collective discontent with the lifestyles and inequalities generated by the capitalist model, social protests took place in the Chilean streets. People staged massive demonstrations in every city demanding profound changes to the system. Known as the ‘Estallido Social’ (Social Explosion), the demonstrations paralysed an important part of the country and, after a few weeks of revolt, managed to initiate a new Constitution-making process. These events triggered a process in which the country was re-imagined, subjectivities were rewritten and objects and the environment were heavily transformed. This study places its focus on a set of industrially produced objects, whose original functions were subverted in the streets to enable new uses and meanings aligned with the Social Explosion. Kitchen items such as pots and ladles were used to make a lot of noise; road signs and pieces of urban furniture were re-located to block the streets; and gas cylinders and oil drums were reshaped for protection against police forces. While specialized literature generally seeks to recognize the new social forms and models that emerge from the crisis, this essay aims to reflect on the ways in which the relationship with the everyday environment is transformed in the midst of a social crisis, and how operations of resignification and reinterpretation may also be necessary to bring about more profound changes. As such, this study aims to characterize these operations of mutation (of bending, crumpling, scratching, wetting, moving, cutting, twisting, hitting, breaking, cracking, tricking, whipping, throwing, crushing, dragging, drilling and burning), and from there to move towards elucidating the practical and symbolic repercussions that this new material reality has had on the social body and daily life.

Empirical evidence of Goodwin’s growth cycle in the Indian organised manufacturing sector

PurposeThe aim of the paper is to investigate Goodwin’s growth cycle in the Indian organised manufacturing industries.Design/methodology/approachThe methodology is based on bi-variate differential equation, econometrics model like log-linear regression and Autoregressive Distributed Lag model. An empirical investigation is conducted on data from the Annual Survey of Industries from 1980 to 2018 time period.FindingsThe results indicate that though the original Goodwin model estimates deviated from data estimates, its modified (neo-Goodwin) model are found to be equivalent to the data estimates. Moreover, in contrast to the original model, the capital accumulation rate (investment to profit ratio) is not assumed to be unitary in the modified Goodwin model. Furthermore, the labour market-led and cost effect conditions of the Goodwin cycle are empirically verified by investigating the interdependency between employment rate and wage share. Lastly, the short- and long-run Goodwin cycles are observed to be moving in anti-clockwise direction in the employment rate and wage share bi-dimensional plane, thus confirming the existence of profit-led distribution where wage share continuously reducing with high employment.Research limitations/implicationsThis study opens the discussion on application of capitalistic model in the emerging economy and also suggests to incorporate some theoretical models like Kaldorian, Keynesian, Kaleckian or Schumpetrian into the Goodwin cycle.Originality/valueThis is the first paper which empirically examines the capitalistic nature of Indian organised manufacturing industries through the lens of Goodwin growth cycle and then extend it to the Neo-Goodwin model by relaxing one of the unrealistic assumption regarding unitary investment to profit ratio.

Exploring Cultural Capital in the College and Financial Aid Decision Process for the GEAR UP Federal Grant Program

This qualitative study investigates the relationship between cultural capital and financial aid in college decision-making through use of an updated model based on Perna’s (2006) cultural capital model, focusing on decision-making influences within the habitus layer. Researchers conducted focus groups and interviews, yielding (N=15) GEAR UP scholarship recipient participants. Findings from this study evidence the importance of personal and social networks, individual intuition, and trust in college decision-making, with these components often cited more frequently than traditionally cited factors beyond the habitus layer. This study serves as a model for investigating student decision-making, highlighting the importance of uplifting student voice, and as an initial investigation into the ways in which college-going students’ decision-making practices are changing.