Through a comparative analysis of the development of auditing practices in governments across the globe, Auditing Practices in Local Governments: An International Comparisonprovides a contemporary ...overview of public sector auditing practices at both local and state level.
Dieser Band enthält die Beiträge, die auf der Tagung des Finanzwissenschaftlichen Ausschusses des Vereins für Socialpolitik im Jahre 2000 in Konstanz zum Thema "Probleme der kommunalen Finanzen" ...vorgelegt worden sind. Im Zentrum der Arbeit von Wolfgang Scherf "Perspektiven der kommunalen Besteuerung" steht der Vorschlag, die Gewerbesteuer zugunsten einer Wertschöpfungsteuer, die auf die Umsatzsteuer - alternativ auf die Einkommensteuer - anrechenbar ist, abzulösen. Gisela Färber befaßt sich mit "Theorie und Praxis kommunaler Gebührenkalkulation". Im praxisbezogenen Schwerpunkt wird zunächst der bundesdeutsche rechtliche Rahmen dargelegt, sodann die Gebührenpolitik ganz überwiegend am Beispiel der Gemeinde Speyer aufgezeigt. Hans Georg Schmitz untersucht das traditionelle gemeindliche Rechnungswesen und diskutiert im Anschluß daran Reformvorschläge. Karl-Dieter Grüske und Michael Maier befassen sich mit dem "Neuen Steuerungsmodell (NSM)". Nach einer Mängelanalyse der traditionellen Kommmunalverwaltung und nach einer Analyse von Ansätzen für eine theoretische Fundierung einer Verwaltungsreform werden Grundidee, Hauptelemente und Effizienzpotentiale des NSM auf der kommunalen Ebene dargestellt und gewürdigt.
Employing representative data from the U.S. Survey of Consumer Payment Choice, we find no evidence that cryptocurrency investors are motivated by distrust in fiat currencies or regulated finance. ...Compared with the general population, investors show no differences in their level of security concerns with either cash or commercial banking services. We find that cryptocurrency investors tend to be educated, young and digital natives. In recent years, a gap in ownership of cryptocurrencies across genders has emerged. We examine how investor characteristics vary across cryptocurrencies and show that owners of cryptocurrencies increasingly tend to hold their investment for longer periods.
This Cypriot EPPO/OLAF volume deals with the link between national law and EU law (EPPO and OLAF Regulations) and enables professionals from the justice sector to understand the national law in ...comparative perspective and to plan further investigations. It refers to fraud cases, the link between OLAF and AFCOS, and the activities of the new EPPO regional offices.The Cypriot Act for the Implementation of the EPPO and the rules for defence lawyers in EPPO cases involving tax, subsidy, and customs fraud are also discussed. Attorney Dr Marilena Katsogiannou's introductory chapter to the Compendium on Cyprus provides a thorough summary of both Union and Cypriot laws in relation to EU fraud offences. While this volume is written in English, its footnotes reproduce the original national legislation in the local language.
We propose a Bayesian two-part latent variable model (TPLVM) to investigate the impacts of financial literacy on both sides of the household balance sheet, namely, household debt (secured debt and ...unsecured debt) and assets (housing assets and non-housing financial assets) by using a national sample from the China Household Finance Survey (CHFS). TPLVM is an advanced joint modeling approach that integrates a factor analysis model and a two-part model to reveal the relationship between the latent variable, financial literacy, and multiple semi-continuous responses. The factor analysis model characterizes the latent financial literacy index on the basis of multiple manifest variables derived from a series of questions on various aspects of financial knowledge. The two-part model simultaneously evaluates the different influential patterns of latent and observable explanatory variables on the binary and continuous parts of multiple semi-continuous responses. Both the simulation study and the real sample analysis show that the developed one-stage methodology significantly outperforms the conventional methods. In the analysis of the CHFS data set, comprehensive results on the relationship between financial literacy and household finances are obtained, highlighting the flexibility of our framework. The empirical results reveal that the financial literacy of Chinese households is alarmingly low, and financial literacy indeed influences household finances in different aspects simultaneously. Thus, it is of importance to consider effective ways to enhance the financial sophistication of household heads to guide them in their household financial behavior and decision making.
•A joint modeling framework that integrates a factor analysis model and a two-part model is proposed.•The approach outperforms the conventional alternatives and provides results with meaningful interpretations.•Relationship between financial literacy and household finances is obtained using CHFS data set.•We investigate the effects of financial literacy on both sides of the household balance sheet.•The results show that it is of importance to seek ways to boost the financial literacy of households.
Intervention is needed to improve women-led companies’ access to finance. In a recent study, EIB’s InnovFin Advisory assessed the availability of finance for women-owned and managed companies in ...Europe as compared to the United States. While women-led companies account for only a small portion of financing deals and investment flows, their share is growing. Nevertheless, structural inequalities and persistent biases continue to distort the funding environment. The study puts forth a number of innovative finance and policy recommendations. Restarting the EU economy after the coronavirus pandemic provides a unique opportunity to tackle gender barriers to finance.
Financing firms in India Allen, Franklin; Chakrabarti, Rajesh; De, Sankar ...
Journal of financial intermediation,
07/2012, Letnik:
21, Številka:
3
Journal Article
Recenzirano
Odprti dostop
With extensive cross-country datasets and India firm samples, as well as our own surveys of small and medium firms, we examine the legal and business environments, financing channels, and growth ...patterns of different types of firms in India. Despite the English common-law origin and a British-style judicial system, Indian firms face weak investor protection in practice and poor institutions characterized by corruption and inefficiency. Alternative finance, including financing from all nonbank, nonmarket sources, and generally backed by nonlegal mechanisms, constitutes the most important form of external finance. Bank loans provide the second most important external financing source. Firms with access to bank or market finance are not associated with higher growth rates. Our results indicate that bank and market finance is not superior to alternative finance in fast-growing economies such as India.
Startup-valuation is a critical area of research within entrepreneurial finance, but research on this topic is less consistent and thorough than overall valuation research. Peer-reviewed studies ...express a range of divergent views and approaches, and the focus varies widely. To bring clarity to this fragmented field, we conduct a systematic literature review, examining 87 peer-reviewed studies published between 1985 and 2020. We analyze these publications in detail and identify 36 startupvaluation drivers and cluster them into five macro-themes: Entrepreneur Characteristics; Firm Characteristics; Investor Characteristics; Market Conditions; and Deal Conditions. We then describe the valuation-impact of these drivers on startups. The range of drivers identified in the literature gives rise to construction of an integrative meta-model based on the macro-themes, placed into appropriate chronological position in the valuation process Our study also identifies key research-gaps and highlights promising directions for exploring the startup-valuation field.
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