The objective of the study is to examine the relationship between environmental accounting audit decision and firm＇s profitability in Nigeria. Specifically, the authors hypothesize that profitability is a determinant...The objective of the study is to examine the relationship between environmental accounting audit decision and firm＇s profitability in Nigeria. Specifically, the authors hypothesize that profitability is a determinant of company＇s decision to disclose quantitative environmental information for external audits. The population of this research is made up of both quoted and non-quoted companies. The sample size for this study was selected using the simple random sampling technique. The selected companies included companies from the following sectors： agriculture, automobile and tyre, breweries, building materials, chemical and paints, conglomerates companies, food/beverages and tobacco, construction, healthcare, industrial/domestic products, packaging, printing and publishing, textiles, petroleum marketing companies, banking, insurance, and others. A sample of 160 companies with audited final accounts for 2009 financial year was eventually selected. The binary logit regression technique was utilized as the data analysis method. The finding reveals that profitability is a positive and significant determinant in evaluating the probability that a firm includes environmental information for external audits. The study concludes that finn-specific factors may provide incentives for corporate environmentalism in Nigeria.展开更多
Numerous firms adopted executive stock options plan for their executives. This study examines empirically the hypothesis that stock options help to improve the firml＇s operating performance. The empirical tests revea...Numerous firms adopted executive stock options plan for their executives. This study examines empirically the hypothesis that stock options help to improve the firml＇s operating performance. The empirical tests reveal a positive relation between the stock options and performance; also indicate that there is a positive relation between quantity of manager＇s stock options and firm＇s size.展开更多
Climate change mitigation is a major challenge of human society.Currently,to this end,many countries including China are committed to achieving carbon neutrality within a few decades.China is a major sugarcane and sug...Climate change mitigation is a major challenge of human society.Currently,to this end,many countries including China are committed to achieving carbon neutrality within a few decades.China is a major sugarcane and sugar beet producing country and has one of the largest carbon footprint for sugarcane and sugar beet production globally.A comprehensive study was conducted on sugarcane and sugar beet crops grown in China for greenhouse gas(GHG)emissions mitigation potential,economic crop production from a sustainable sugar production perspective.Long-term trend analysis showed that yield and GHG emissions of sugarcane and sugar beet crops increased but the ratio of income to cost declined.Structural equation model analysis revealed nitrogen fertilizer and labor as the major drivers of GHG emissions for both sugarcane and sugar beet.For sugarcane and sugar beet,the path coefficient of N fertilizer were‒0.964 and‒0.835 and that of labor were 0.771 and 0.589,respectively.By transitioning the current cropping system to an improved model with optimized labor,N input and machinery use,the GHG emissions and total annual cost of sugarcane and sugar beet production can be reduced by 32%and 24%,respectively,by 2030,compared to a business-as-usual scenario.This is the first integrated and comparative study of environmental and economic sustainability of sugarcane and sugar beet production in China.These findings will enable all stakeholders of Chinese sugarcane and sugar beet industries to transform them into environmentally and economically sustainable sugar production.展开更多
The Chinese economy has shown more signs of robust health, with its major industrial firms posting a 13.9-percent growth in profits in March, compared to the previous year. The figure marked a drastic rebound from the...The Chinese economy has shown more signs of robust health, with its major industrial firms posting a 13.9-percent growth in profits in March, compared to the previous year. The figure marked a drastic rebound from the 14-percent decline in the January-February period, according to data released on April 27 by the National Bureau of Statistics(NBS).展开更多
Using the firm-level panel datasets and hand-collected data on county level minimum wage,this paper estimates the effect of minimum wage on firm profitability.As firms may take time to adjust in response to changes in...Using the firm-level panel datasets and hand-collected data on county level minimum wage,this paper estimates the effect of minimum wage on firm profitability.As firms may take time to adjust in response to changes in minimum wage,this paper estimates a dynamic panel model with lagged minimum wage.To capture the heterogeneous effect of minimum wage on profitability,this paper further estimates quantile regression dynamic panel model.The estimation results suggest that the effect on firm profitability of minimum wage in the current year is negative across the whole conditional distribution of profitability and it exhibits an inverted-U shape across conditional quantiles.The effect on profitability of lagged minimum wage is positive at the 5th,10th,15th quantiles,negative at the 90th and 95th quantiles,and not significant at other quantiles.Turning to the overall effect on profitability of minimum wage,we find that minimum wage exerts significantly negative effect on profitability at the 5th quantile and quantiles higher than 40th and the absolute value of the effect of minimum wage increases with these quantiles.For other quantiles,the overall effect of minimum wage on profitability is negligible.展开更多
文摘The objective of the study is to examine the relationship between environmental accounting audit decision and firm＇s profitability in Nigeria. Specifically, the authors hypothesize that profitability is a determinant of company＇s decision to disclose quantitative environmental information for external audits. The population of this research is made up of both quoted and non-quoted companies. The sample size for this study was selected using the simple random sampling technique. The selected companies included companies from the following sectors： agriculture, automobile and tyre, breweries, building materials, chemical and paints, conglomerates companies, food/beverages and tobacco, construction, healthcare, industrial/domestic products, packaging, printing and publishing, textiles, petroleum marketing companies, banking, insurance, and others. A sample of 160 companies with audited final accounts for 2009 financial year was eventually selected. The binary logit regression technique was utilized as the data analysis method. The finding reveals that profitability is a positive and significant determinant in evaluating the probability that a firm includes environmental information for external audits. The study concludes that finn-specific factors may provide incentives for corporate environmentalism in Nigeria.
文摘Numerous firms adopted executive stock options plan for their executives. This study examines empirically the hypothesis that stock options help to improve the firml＇s operating performance. The empirical tests reveal a positive relation between the stock options and performance; also indicate that there is a positive relation between quantity of manager＇s stock options and firm＇s size.
基金supported by the earmarked fund for CARS(CARS-17-0210)Major Research Program Fund(AB22035028 and AA22117002)by the Department of Science and Technology,Guangxi Provincial Government,Guangxi.
文摘Climate change mitigation is a major challenge of human society.Currently,to this end,many countries including China are committed to achieving carbon neutrality within a few decades.China is a major sugarcane and sugar beet producing country and has one of the largest carbon footprint for sugarcane and sugar beet production globally.A comprehensive study was conducted on sugarcane and sugar beet crops grown in China for greenhouse gas(GHG)emissions mitigation potential,economic crop production from a sustainable sugar production perspective.Long-term trend analysis showed that yield and GHG emissions of sugarcane and sugar beet crops increased but the ratio of income to cost declined.Structural equation model analysis revealed nitrogen fertilizer and labor as the major drivers of GHG emissions for both sugarcane and sugar beet.For sugarcane and sugar beet,the path coefficient of N fertilizer were‒0.964 and‒0.835 and that of labor were 0.771 and 0.589,respectively.By transitioning the current cropping system to an improved model with optimized labor,N input and machinery use,the GHG emissions and total annual cost of sugarcane and sugar beet production can be reduced by 32%and 24%,respectively,by 2030,compared to a business-as-usual scenario.This is the first integrated and comparative study of environmental and economic sustainability of sugarcane and sugar beet production in China.These findings will enable all stakeholders of Chinese sugarcane and sugar beet industries to transform them into environmentally and economically sustainable sugar production.
文摘The Chinese economy has shown more signs of robust health, with its major industrial firms posting a 13.9-percent growth in profits in March, compared to the previous year. The figure marked a drastic rebound from the 14-percent decline in the January-February period, according to data released on April 27 by the National Bureau of Statistics(NBS).
基金The author wishes to thank International Development Research Centre(IDRC)and National Science Foundation of China(NSFC)(Project Nos.71003105 and 70873011),which sponsor this research.
文摘Using the firm-level panel datasets and hand-collected data on county level minimum wage,this paper estimates the effect of minimum wage on firm profitability.As firms may take time to adjust in response to changes in minimum wage,this paper estimates a dynamic panel model with lagged minimum wage.To capture the heterogeneous effect of minimum wage on profitability,this paper further estimates quantile regression dynamic panel model.The estimation results suggest that the effect on firm profitability of minimum wage in the current year is negative across the whole conditional distribution of profitability and it exhibits an inverted-U shape across conditional quantiles.The effect on profitability of lagged minimum wage is positive at the 5th,10th,15th quantiles,negative at the 90th and 95th quantiles,and not significant at other quantiles.Turning to the overall effect on profitability of minimum wage,we find that minimum wage exerts significantly negative effect on profitability at the 5th quantile and quantiles higher than 40th and the absolute value of the effect of minimum wage increases with these quantiles.For other quantiles,the overall effect of minimum wage on profitability is negligible.
