This study examines the relationships between a self-regulated computer based learning assessment... more This study examines the relationships between a self-regulated computer based learning assessment system and various assessment components and learning activities in an Accounting course. The assessment components used for the analysis are mid-term test, case study, class participation, self-regulated Computer Based Interactive Learning Support (CBILS) modules and the final examination. Results show that the students differed in their style and ability to use self-regulation, as indicated by their patterns of use. As the semester progressed, students became more adept at managing their time and use of the CBILS modules to achieve the required mastery level. Those students who showed the most improvement in self-regulation also attained higher scores in the final examination results overall. Statistics including correlation, t-Test and ANOVA were used to show the significance of the relationships and differences between various assessment components and learning activities
... Page 7. 7 Othman and Zeghal, 2006; Rashid et al, 2010). ... control or takeovers and internal... more ... Page 7. 7 Othman and Zeghal, 2006; Rashid et al, 2010). ... control or takeovers and internal control mechanisms, such as the presence of large shareholders (Demsetz and Lehn, 1985), monitoring by board (Zahra and Pearce II, 1989) and contracting (Godfrey et al, 2006). ...
Reply to "Response: Board composition and firm performance: Evidence from Bangladesh- a scep... more Reply to "Response: Board composition and firm performance: Evidence from Bangladesh- a sceptical view"
Reply to "Response: Board composition and firm performance: Evidence from Bangladesh- a scep... more Reply to "Response: Board composition and firm performance: Evidence from Bangladesh- a sceptical view"
The international journal of accounting and business society, 1991
The Black Scholes model has not been tested in Australia for about 10 years implying tests previo... more The Black Scholes model has not been tested in Australia for about 10 years implying tests previously carried out used data from a developing options market. This study carries out cross sectional tests of the model using the most recent data available. The conclusion, unlike earlier studies, is that the Black Scholes model cannot be rejected, and thus that the market is efficiently pricing options in an unbiased manner (in a Black Scholes sense), or alternatively, that model is capable of effectively pricing options. A unique time series analysis of mispricing is also carried out in order to determine whether this can be attributed to a ‘market learning effect’ over time. There is some evidence of such an effect. The tests differ from those of previous studies in a number of ways. One of the major limitations of past studies is overcome as the tests do not depend on historical measures of volatility. Special care is taken to exclude possible misleading observations occurring from ...
Purpose: This study explores the dual ideological influences that the socialist political regime ... more Purpose: This study explores the dual ideological influences that the socialist political regime and the globalised market economy have on the visual images in accounting annual reports in the Chinese context. It also investigates how the visual discourse, in turn, constitutes and sustains competing ideological messages. Design/Methodology/approach: Based on the 2010 annual report of China Mobile Limited, A critical discourse analysis is conducted at three levels. At the public discourse level, three areas of interest are drawn in interpreting the connotations of the visual discourse, including (1) Davison's (2010) rhetorical codes (physical, dress, spatial, and interpersonal); (2) two Chinese cultural beliefs (Confucianism and Taoism); and, (3) the socio-political cognition of colour. At the social practice level, the political and financial structure of China Mobile is examined. Finally, the discourse practice analysis investigates the discursive process in which the annual re...
This paper explores a general validity of the prevalent Accounting Equation in determining the re... more This paper explores a general validity of the prevalent Accounting Equation in determining the real wealth and accountability discharge through contemporary financial reporting. In so doing, an augmented accounting framework is developed in order to indicate the gaps that may arise in the accounting equation; which is inherent in the system if compared among different layers – sign to alleged to referent (Buarillard 1983, 1994; MacIntosh 2000, Ijiri 1986, and Mattessich 2003). We argue that this augmented framework will help in enhancing our understanding, at least at the level of pedagogy and for corporate governance and discharging social responsibility, about the missing elements and the nature of financial reporting including the determination of fair values and therefore, reduce the blaming games of maintaining objectivity and neutrality about information provision for an augmented reality of wealth (economic or otherwise) for an entity.
Purpose: This study examines the influence of corporate social disclosure on firm performance wit... more Purpose: This study examines the influence of corporate social disclosure on firm performance within the context of Bangladesh. Design/methodology/approach: This study develops hypotheses with the light of legitimacy and signalling theory using top 200 firms listed on the Dhaka Stock Exchange, Bangladesh. Corporate social disclosure (CSD) data are based on the period from 2011 to 2013, and the firm performance (FP) is based on the respective following year 2012 to 2014. A corporate social disclosure index (CSDI) including three categories (long-term, shortterm and general disclosure) is constructed to measure the extent of social disclosures in annual reports. Firm performance is measured based on three indicators including Return on Asset (ROA), Market Capitalization, and Tobin Q. Ordinary Least Square (OLS) and Two Stage Least Square (2SLS) are used in analysing the data. Findings: It is found that there is a significant relationship between corporate social disclosure and the fol...
This study examines the influence of corporate board composition in the form of representation of... more This study examines the influence of corporate board composition in the form of representation of outside independent directors on firm economic performance in Bangladesh. Two hypotheses are developed to examine the relationship among composition of board memberships including independent directors and firm performance. An observation of 274 Bangladeshi firm-years is used in the study. A linear regression analysis is used to test the hypotheses. Results reveal that the outside (independent) directors cannot add potential value to the firm’s economic performance in Bangladesh. The idea of the introduction of independent directors may have benefits for greater transparency, but the non-consideration of the underlying institutional and cultural differences in an emerging economy such as Bangladesh may not result in economic value addition to the firm. The findings provide an insight to the regulators in their quest for harmonization of international corporate governance practices.
This study examines the relationship between corporate social responsibility (CSR) disclosure and... more This study examines the relationship between corporate social responsibility (CSR) disclosure and financial performance in Thailand during the period 2009-2011. Four measures of financial performance were used based on data extracted from the annual reports of 232 firms listed on the Stock Exchange of Thailand. A CSR disclosure index was constructed to measure the extent and dimensions of CSR disclosure. Overall, the results from the empirical analysis provide some evidence of positive relationship between financial performance and CSR disclosure. This study adds further evidence to the literature on the relationship between the CSR and financial performance in an emerging country. In particular, it is found that there is a strong positive relationship between CSR and financial performance in Thai listed firms. As well, CSR disclosure is not related to market based performance when tested using pooled OLS but it is found to be significant when instrumental variables estimation is ca...
This paper is built on a central question: whether the usage of the terms 'methodology' a... more This paper is built on a central question: whether the usage of the terms 'methodology' and 'methods' in social science research is synonymous or not. Following this concern the rest of the paper is premised on a Habennasian critical theory approach. To evaluate how such a critical approach can be utilised in management accounting research, an attempt is made to pin-point some of the methodological positions of Habennas. This evaluation from the viewpoint of an "individual external researcher" or a "research student" perspective, suggests an alternative theoretical understanding in making sense of carrying out research in the arena of contextual management accounting. I am grateful to professors M J R Gaffikin, Richard Laughlin and Tony Lowe as well as to Dr. Ron Witton, Alex Frino, Warwick Funnell and other members of the University of Wollongong Accounting Seminar for their helpful comments on earlier drafts of this paper. Despite their helpful ...
This paper has several aims. First, it is a propaedeutic paper concerned with thinking and unders... more This paper has several aims. First, it is a propaedeutic paper concerned with thinking and understanding the critical accounting literature. Secondly, it examines some inner contradictions in philosophical assumptions, the problematic 'knowledge claim' and diversities of perspectives that have been advanced in the critical accounting literature. Thirdly, a prescriptive understanding of the nature of organisational 'culture' and its transition processes in order to focus on the necessity of perspective choices is advanced. Fourthly, it is argued that the concepts of 'organisational change' and 'change in a (pedagogic) discipline' are not parallel. This view ultimately leads us to argue, from a 'research student perspective', that it is not possible to start a major research study in a vacuum: it is necessary to examine the history of existing thought and theories of a discipline in order to focus on a research interest and as well as determine ...
In recent times the debate on ‘corporate social disclosures’ (CSD) has become increasingly promin... more In recent times the debate on ‘corporate social disclosures’ (CSD) has become increasingly prominent in the social accounting and corporate governance literature. A host of studies has been conducted on CSD practices in developed countries. However, such studies are relatively rare in respect of developing countries. This study investigates whether ownership concentration and the imposition of regulation on corporate governance practices (including a change of board composition) influence voluntary CSD practices in developing countries. The results show that the imposition of regulation on corporate governance practices can significantly influence CSD practices in a developing country such as Bangladesh.
This study examines the relationships between a self-regulated computer based learning assessment... more This study examines the relationships between a self-regulated computer based learning assessment system and various assessment components and learning activities in an Accounting course. The assessment components used for the analysis are mid-term test, case study, class participation, self-regulated Computer Based Interactive Learning Support (CBILS) modules and the final examination. Results show that the students differed in their style and ability to use self-regulation, as indicated by their patterns of use. As the semester progressed, students became more adept at managing their time and use of the CBILS modules to achieve the required mastery level. Those students who showed the most improvement in self-regulation also attained higher scores in the final examination results overall. Statistics including correlation, t-Test and ANOVA were used to show the significance of the relationships and differences between various assessment components and learning activities
... Page 7. 7 Othman and Zeghal, 2006; Rashid et al, 2010). ... control or takeovers and internal... more ... Page 7. 7 Othman and Zeghal, 2006; Rashid et al, 2010). ... control or takeovers and internal control mechanisms, such as the presence of large shareholders (Demsetz and Lehn, 1985), monitoring by board (Zahra and Pearce II, 1989) and contracting (Godfrey et al, 2006). ...
Reply to "Response: Board composition and firm performance: Evidence from Bangladesh- a scep... more Reply to "Response: Board composition and firm performance: Evidence from Bangladesh- a sceptical view"
Reply to "Response: Board composition and firm performance: Evidence from Bangladesh- a scep... more Reply to "Response: Board composition and firm performance: Evidence from Bangladesh- a sceptical view"
The international journal of accounting and business society, 1991
The Black Scholes model has not been tested in Australia for about 10 years implying tests previo... more The Black Scholes model has not been tested in Australia for about 10 years implying tests previously carried out used data from a developing options market. This study carries out cross sectional tests of the model using the most recent data available. The conclusion, unlike earlier studies, is that the Black Scholes model cannot be rejected, and thus that the market is efficiently pricing options in an unbiased manner (in a Black Scholes sense), or alternatively, that model is capable of effectively pricing options. A unique time series analysis of mispricing is also carried out in order to determine whether this can be attributed to a ‘market learning effect’ over time. There is some evidence of such an effect. The tests differ from those of previous studies in a number of ways. One of the major limitations of past studies is overcome as the tests do not depend on historical measures of volatility. Special care is taken to exclude possible misleading observations occurring from ...
Purpose: This study explores the dual ideological influences that the socialist political regime ... more Purpose: This study explores the dual ideological influences that the socialist political regime and the globalised market economy have on the visual images in accounting annual reports in the Chinese context. It also investigates how the visual discourse, in turn, constitutes and sustains competing ideological messages. Design/Methodology/approach: Based on the 2010 annual report of China Mobile Limited, A critical discourse analysis is conducted at three levels. At the public discourse level, three areas of interest are drawn in interpreting the connotations of the visual discourse, including (1) Davison's (2010) rhetorical codes (physical, dress, spatial, and interpersonal); (2) two Chinese cultural beliefs (Confucianism and Taoism); and, (3) the socio-political cognition of colour. At the social practice level, the political and financial structure of China Mobile is examined. Finally, the discourse practice analysis investigates the discursive process in which the annual re...
This paper explores a general validity of the prevalent Accounting Equation in determining the re... more This paper explores a general validity of the prevalent Accounting Equation in determining the real wealth and accountability discharge through contemporary financial reporting. In so doing, an augmented accounting framework is developed in order to indicate the gaps that may arise in the accounting equation; which is inherent in the system if compared among different layers – sign to alleged to referent (Buarillard 1983, 1994; MacIntosh 2000, Ijiri 1986, and Mattessich 2003). We argue that this augmented framework will help in enhancing our understanding, at least at the level of pedagogy and for corporate governance and discharging social responsibility, about the missing elements and the nature of financial reporting including the determination of fair values and therefore, reduce the blaming games of maintaining objectivity and neutrality about information provision for an augmented reality of wealth (economic or otherwise) for an entity.
Purpose: This study examines the influence of corporate social disclosure on firm performance wit... more Purpose: This study examines the influence of corporate social disclosure on firm performance within the context of Bangladesh. Design/methodology/approach: This study develops hypotheses with the light of legitimacy and signalling theory using top 200 firms listed on the Dhaka Stock Exchange, Bangladesh. Corporate social disclosure (CSD) data are based on the period from 2011 to 2013, and the firm performance (FP) is based on the respective following year 2012 to 2014. A corporate social disclosure index (CSDI) including three categories (long-term, shortterm and general disclosure) is constructed to measure the extent of social disclosures in annual reports. Firm performance is measured based on three indicators including Return on Asset (ROA), Market Capitalization, and Tobin Q. Ordinary Least Square (OLS) and Two Stage Least Square (2SLS) are used in analysing the data. Findings: It is found that there is a significant relationship between corporate social disclosure and the fol...
This study examines the influence of corporate board composition in the form of representation of... more This study examines the influence of corporate board composition in the form of representation of outside independent directors on firm economic performance in Bangladesh. Two hypotheses are developed to examine the relationship among composition of board memberships including independent directors and firm performance. An observation of 274 Bangladeshi firm-years is used in the study. A linear regression analysis is used to test the hypotheses. Results reveal that the outside (independent) directors cannot add potential value to the firm’s economic performance in Bangladesh. The idea of the introduction of independent directors may have benefits for greater transparency, but the non-consideration of the underlying institutional and cultural differences in an emerging economy such as Bangladesh may not result in economic value addition to the firm. The findings provide an insight to the regulators in their quest for harmonization of international corporate governance practices.
This study examines the relationship between corporate social responsibility (CSR) disclosure and... more This study examines the relationship between corporate social responsibility (CSR) disclosure and financial performance in Thailand during the period 2009-2011. Four measures of financial performance were used based on data extracted from the annual reports of 232 firms listed on the Stock Exchange of Thailand. A CSR disclosure index was constructed to measure the extent and dimensions of CSR disclosure. Overall, the results from the empirical analysis provide some evidence of positive relationship between financial performance and CSR disclosure. This study adds further evidence to the literature on the relationship between the CSR and financial performance in an emerging country. In particular, it is found that there is a strong positive relationship between CSR and financial performance in Thai listed firms. As well, CSR disclosure is not related to market based performance when tested using pooled OLS but it is found to be significant when instrumental variables estimation is ca...
This paper is built on a central question: whether the usage of the terms 'methodology' a... more This paper is built on a central question: whether the usage of the terms 'methodology' and 'methods' in social science research is synonymous or not. Following this concern the rest of the paper is premised on a Habennasian critical theory approach. To evaluate how such a critical approach can be utilised in management accounting research, an attempt is made to pin-point some of the methodological positions of Habennas. This evaluation from the viewpoint of an "individual external researcher" or a "research student" perspective, suggests an alternative theoretical understanding in making sense of carrying out research in the arena of contextual management accounting. I am grateful to professors M J R Gaffikin, Richard Laughlin and Tony Lowe as well as to Dr. Ron Witton, Alex Frino, Warwick Funnell and other members of the University of Wollongong Accounting Seminar for their helpful comments on earlier drafts of this paper. Despite their helpful ...
This paper has several aims. First, it is a propaedeutic paper concerned with thinking and unders... more This paper has several aims. First, it is a propaedeutic paper concerned with thinking and understanding the critical accounting literature. Secondly, it examines some inner contradictions in philosophical assumptions, the problematic 'knowledge claim' and diversities of perspectives that have been advanced in the critical accounting literature. Thirdly, a prescriptive understanding of the nature of organisational 'culture' and its transition processes in order to focus on the necessity of perspective choices is advanced. Fourthly, it is argued that the concepts of 'organisational change' and 'change in a (pedagogic) discipline' are not parallel. This view ultimately leads us to argue, from a 'research student perspective', that it is not possible to start a major research study in a vacuum: it is necessary to examine the history of existing thought and theories of a discipline in order to focus on a research interest and as well as determine ...
In recent times the debate on ‘corporate social disclosures’ (CSD) has become increasingly promin... more In recent times the debate on ‘corporate social disclosures’ (CSD) has become increasingly prominent in the social accounting and corporate governance literature. A host of studies has been conducted on CSD practices in developed countries. However, such studies are relatively rare in respect of developing countries. This study investigates whether ownership concentration and the imposition of regulation on corporate governance practices (including a change of board composition) influence voluntary CSD practices in developing countries. The results show that the imposition of regulation on corporate governance practices can significantly influence CSD practices in a developing country such as Bangladesh.
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