...of Wollongong Research Online Faculty of Business - Accounting & Finance Working Papers 2006 Faculty of Business The Critique of Accounting Theory M. Gaffikin University of Wollongong, gaffikin@uow.edu.au Publication Details This working paper was originally published as Gaffikin, M, The Critique of Accounting Theory, Accounting & Finance Working Paper 06/25, School of Accounting & Finance, University of Wollongong, 2006. Research Online is the open access institutional repository for the University of Wollongong. For further information contact the UOW Library: research-pubs@uow.edu.au 06/25 University of Wollongong School of Accounting & Finance The Critique of Accounting Theory Working Papers Series Michael Gaffikin School of Accounting & Finance University of Wollongong Wollongong NSW 2522 Australia Tel +61 (2) 4221 3718 Fax +61 (2) 4221 4297 eMail george@uow.edu.au www.uow.edu.au/commerce/accy/ The Critique of Accounting Theory Michael Gaffikin* School of Accounting and Finance, University of Wollongong, NSW 2522 In previous papers (Gaffikin 2005a, 2005b, 2005c, 2006) the discussion has examined accounting as a science, with attempts to employ a scientific methodology; as a purely technical expression of economic theory, heavily dominated by research in finance; and as part of “law”, albeit law (regulation) heavily influenced by dominant economic and political ideology. That discussion revealed that all these perspectives have suffered...
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...The Silver Lining of Materialism: The Impact of Luxury Consumption on Subjective Well-Being 3 Data used for analysis 5 Econometric Model 6 Critical Reflection 8 Reference List 11 A Study: Income and happiness across Europe: Do reference values matter? Summary The authors in this study - Guglielmo Maria Caporale, Yannis Georgellis, Nicholas Tsitsianis and Ya Ping Yin - assess the relationship between income and subjective well-being; by tracing back to works of Adam Smith, Karl Marx, Veblen and Duesenberry, the authors revive significant attention to the neoclassical economic theory that portrays well-being and absolute income to be highly correlated. The data was retrieved from the European Social Survey (ESS) to examine a potential relationship between income and happiness (self-reported satisfaction), the authors execute their study across 19 European Countries. With utilisation of Easterlin (1974) as their seminal paper, the research draws attention to the Easterlin Paradox (Easterlin, 1995) that suggests there is no relationship between economic expansion in industrialised countries and its average level of happiness. The authors look to assess topical contradictory findings that conclude absolute income is correlated with levels of happiness (e.g.: Frijters et al., 2004). The research purpose of this paper was to re-examine this controversial link for a number of European countries, specific consideration was given to whether relative income was a...
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... "Financial crisis, activist states and (missed) opportunities", critical perspectives on international business, Vol. 5 No’s 1/2, pp. 78-84. • Define the business research and its purpose This paper seeks to draw out the main themes of the debate on the current financial crisis as published in the special issue of critical perspectives on international business Vol. 5 No’s 1/2 (2009) and place them in the context of subsequent events. It also considers what conclusions can be drawn both for future policy and for the conduct of future academic research. The paper overviews existing literature and summarizes the main findings, focusing particularly on some topics deemed important and interesting for directing future research. The paper finds that while the neoclassical approach to finance has evidently failed there is currently little consensus on how to replace it. This opens up the possibility of debate, new avenues for research and ultimately radical change. The paper argues that more interactions between academic and finance practitioners are needed. Research in finance should be interdisciplinary or embed the insights from other disciplines and it should put behavioral finance under main stream attention. The teaching of management and finance should also be more informed by issues of ethics, politics, social corporate responsibility, distribution of wealth and power and it should stimulate more critical and creative thinking. The authors argue that capitalism works well...
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...European Journal of Economics, Finance and Administrative Sciences ISSN 1450-2887 Issue 17 (2009) © EuroJournals, Inc. 2009 http://www.eurojournals.com A Synthesis of the Critical Factors Affecting Performance of the Nigerian Banking System Godwin Chigozie Okpara Department of Banking and Finance, Abia State University, Uturu E-mail godgozie@yahoo.com Abstract This paper is set out to determine the factors impacting most on the performance of the banking system in Nigeria. To do this, factor analysis technique was used on the factors identified by the collaborative study of the CBN/NDIC. The result revealed that factors such as undue interference from board members, political crises, undercapitalization and fraudulent practices are the most critical factors inhibiting the efficient performance of the Nigerian financial institutions. The author therefore contends that the just concluded N25billion recapitalization exercise of the central bank was a necessary but not a sufficient measure in the right direction. The sufficient measure must be one that controls all the identified critical factors at the same time. 1.0. Introduction Banks in most economies are the principal depositories of the public's financial savings, the nerve centre of the payment system, the vessel endowed with the ability of money creation and allocation of financial resources and conduit through which monetary and credit policies are implemented. The success of monetary policy, to a large extent, depends...
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...Downloaded from mtq.sagepub.com at Glasgow University Library on July 5, 2011 Volume 8(4): 339–366 Copyright © 2008 SAGE www.sagepublications.com DOI: 10.1177/1470593108096540 articles Marketing the hegemony of development: of pulp fictions and green deserts1 Steffen Böhm University of Essex, UK Vinícius Brei Pontifícia Universidade Católica do Rio Grande do Sul (PUCRS), Brazil Abstract. In this paper we analyze the role of marketing in the construction of what can be called the hegemony of development. Through an investigation of the marketing practices of the pulp and paper industry in South America and the resistances that are articulated by a range of civil society actors against the expansion of this industry, we problematize marketing as a political and contested discourse and practice. By using Laclau and Mouffe’s (1985, 2001) theoretical framework, which is centered on the concept of ‘hegemony’, we highlight the crucial role marketing plays in the social and cultural legitimation of the highly controversial development of the pulp and paper industry – regarded as one of the most polluting industries in the world – in South America. We build on...
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...Organizing Your Writing Sekou Konate Walden University Abstract Scholars discussed the issues of leadership, ethics, power and decision making. A review of the literature related to those topics to clearly make management moving and adapted to the context of organizational change by stating the theme to link the topic as a block. Title of the Paper in Full Goes Here Many authors described the change in their scholar works. This literature discussed the ethical, leadership, power and decision making regarding the organizational change. The purpose of my essay will be to demonstrate my ability to organize these different point of view in literature, synthesize different categories and then formulate the common themes among these articles The proposed solution for these different authors converged to make a pertinent social change regarding the leadership, the ethics, power, and the decision making in organizations. Those four topics related to management will be developed in different viewpoints in the same order as enumerated above. Leadership The author described the reflective change in individuals leading a societal project. Smith laid out a framework for leader undergoing an organization change. The author described the executive and management behavior regarding the implementation of principals to become a leader. According to Smith (2001), one of the main causes of successful organization’s failure is the lack of reflection. The author went on to suggest...
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...one position. You may also support your argument with evidence drawn from your own experience.’ This paper critically examines the varied approaches to teaching English for Academic Purposes (EAP). In particular, it examines Critical Pedagogy, Pragmatic Pedagogy and Critical-Pragmatic Pedagogy in the context of teaching academic writing to university students. This is an important issue as there is widespread debate as to what constitutes effective EAP instruction within the academic sphere. The conflicting perspectives are that a critical approach to pedagogy, with its challenge of current ‘implicit and explicit standards’ (Cherryholmes: 1988) is most effective. Other academics argue the case of a vulgar pragmatic approach that relies on structure and ‘the notions of theory and practice’ (Williams: 1983). There is also support for a hybrid approach to EAP learning, known as critical pragmatism. This method encourages the characteristic critical pedagogical challenge of the status quo, while still requiring ideas to be translated and conveyed by means of structured ‘discourse practices’ (Cherryholmes: 1988). Finally, upon examining the aforementioned approaches to EAP by review of scholarly literature, I intend to argue affirmatively that vulgar-pragmatic based pedagogy is the best and most effective method of teaching EAP to university students. The concept of critical pedagogical learning relies on the principle that ‘the classroom needs to be continually interrogated for...
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...University Institute for New Technologies Prepared as a working paper for the African Development Forum '99 24-28 October 1999, United Nations Conference Centre United Nations Economic Commission for Africa Addis Ababa, Ethiopia 1 Copyright © 1999 Derrick L. Cogburn (dcogburn@umich.edu) and Catherine Nyaki Adeya (nyaki@intech.unu.edu). This paper reflects the opinions of the authors and not necessarily those of the institutions represented. Comments on the paper are welcome, and an updated version can be found at: www.si.umich.edu/~dcogburn/info_econ.htm. and www.intech.unu Derrick L. Cogburn and Catherine Nyaki Adeya ii ACKNOWLEDGEMENTS The authors would like to thank the officers and staff at the United Nations Economic Commission for Africa for their untiring patience and assistance on the st preparation of this paper. Special thanks to the team organising the 1 African Development Forum. Dr. Cogburn would like to thank his colleagues at the Global Information Infrastructure Commission for their assistance and support on the paper. Also, at the University of Michigan, he thanks his friends and colleagues at the School of Information, the Alliance for Community Technology, and the Centre for AfroAmerican and African Studies. Dr. Cogburn would also like to thank the W.K. Kellogg Foundation for their financial support during the 1998 calendar year, during which a number of the ideas contained in this paper were generated. Dr. Adeya would like to thank her colleagues...
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...Review Essay Global Political Economy The World Economy and the Logic of Economic (Under-) Development Table of content 1 Table of Content Introduction Summary Critical Discussion Conclusion Reference 3 3 4 5 6 Based on the following three articles: · Immanuel Wallerstein, „The Rise and Future Demise of the World Capitalist System“, Comparative Studies in Society and History 16 (1974), pp. 387-415. · Jagdish Bhagwati, „Free Trade: Old and New Challenges‟ The Economic Journal, 104(423) (1994), pp. 231-46. · Alice Amsden, „The State and Taiwan‘s Economic Development,‟ in George Crane & Abla Amawi (eds.) The Theoretical Evolution of International Political Economy (Oxford: Oxford University Press, 1997), pp. 193-207. 2 1. Introduction This paper is a critical discussion of the central aspect: „The World Economy and the Logic of Economic (Under-) Development“ in the Global Political Economy. The foundation of this paper is based on three pieces: Wallerstein (1974), Bhagwati (1994) and Amsden (1997) which all provide different views about the world economy in terms of political and theoretical approaches. The introduction will be followed by a short summary concerning the protectionism that is evident throughout and the resulting ethical issues. The critical discussion will compare and evaluate the assumptions and concepts of each article which will then be concluded with the addition of my point of view. 2. Summary Immanuel Wallerstein‘s: „The Rise and...
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...In our classroom sessions together, we will be taking an in-depth look at four contemporary issues in the global economy that Canadian business people need to understand when formulating and executing their business plans. They are: a) Understanding non-market strategy and how it impacts business decision-making (particularly in democracies) b) Exploring the concept of country competitiveness: what it is, where it comes from, and how is it measured c) Thinking through issues related to political risk (defined here as doing business in foreign markets whose “institutional rule sets” are opaque and whose enforcement patterns of those rule sets are inconsistent) d) Understanding the dynamics of the current global oil market and what its likely future will be. Your assignment in this course is meant to reflect these key topics. Each team in AMBA 873 will produce a paper that answers one of the following four questions. It is your choice what question your team does. Question #1: In choosing this question, your team’s task is to choose one (1) company and to provide a critical assessment of the non-market threats that company faces and the strategies it can employ to manage those threats. Your paper should do the following: a) Identify the company and provide a concise outline of its industry, major business lines, geographic concentration, and any other economic facts about it you deem relevant b) Identify the key non-market challenges that particular company...
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...new market. Provide justification for your recommended strategy. Note: The purpose of this assignment is to practice your ability to write a business report, think that you are paid to do that report for a real company that will consider acting upon your analysis & recommendations. Structure Note: you should cover the following categories; however within each category you can choose what analysis tools you want to use out of our suggestions (you do not no need to use all the tools) Cover Page, with all students names and numbers (typed, no hand writing) Main Title: assign a meaningful title for your report Table of Content: including the main title for your assignment and page numbers 1. Executive summary: must contain all critical information presented in the report in a concise manner. 2. Company background: Outline the company’s background and describe the product or service. 3. Target Country PEST – relate the analysis to your product or service Political/Legal – Type and stability of government (Maplecroft’s Political Risk ranking), attitude towards FDI and profit repatriation, tariffs and import restrictions for your product (WTO tariff database), ease of setting up a company (WB’s Ease of Doing Business index ranking), market regulations (e.g. food hygiene laws), corporate tax rate, rule of law ranking (World Justice...
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...ECON 2301 Critical Thinking Skills Assignment Your Critical Thinking Skills Assignment will require you to submit a typed essay describing your proposal to improve an existing public policy. Below is the public policy: John Maynard Keynes and F. A. Hayek offer two very different views for macroeconomic policy. Overall question to consider: Contrast the views of each of these men. What are the likely outcomes of the policies of each? What would you recommend as an economic policy of the U. S. government and why? Organization and delivery: Write in a manner that is appropriate for an academic paper in the subject of economics, and follow a widely-accepted format for citing sources properly. Below are two helpful guides: APA format: https://owl.english.purdue.edu/owl/resource/560/01/ MLA format: https://owl.english.purdue.edu/owl/resource/747/01/ Scoring elements of Northeast Lakeview’s Critical Thinking Skills Rubric are listed in italics before the elements that comprise them below. Your score will be determined by how well you satisfy these elements. The Critical Thinking Skills Rubric is attached to give you clear descriptions of what quality of submission will earn ratings of poor, fair, good and excellent. Explanation of issues: Issue/problem to be considered critically is stated clearly and described comprehensively, delivering all relevant information necessary for full understanding. Evidence: Information is taken from expert source(s) with enough interpretation/evaluation...
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...Nayak D.N (2004) in his paper “Canadian Foreign Direct Investment in India: Some Observations”, analyse the patterns and trends of Canadian FDI in India. He finds out that India does not figure very much in the investment plans of Canadian firms. The reasons for the same is the indifferent attitude of Canadians towards India and lack of information of investment opportunities in India are the important contributing factor for such an unhealthy trends in economic relation between India and Canada. He suggested some measures such as publishing of regular documents like newsletter that would highlight opportunities in India and a detailed focus on India’s area of strength so that Canadian firms could come forward and discuss their areas of expertise would got long way in enhancing Canadian FDI in India. Balasubramanyam V.N Sapsford David (2007) in their article “Does India need a lot more FDI” compares the levels of FDI inflows in India and China, and found that FDI in India is one tenth of that of china. The paper also finds that India may not require increased FDI because of the structure and composition of India’s manufacturing, service sectors and her endowments of human capital. The requirements of managerial and organizational skills of these industries are much lower than that of labour intensive industries such as those in China. Also, India has a large pool of well – Trained engineers and scientists capable of adapting and restructuring imported know – how to suit...
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...BSB113 Economics Summer 2015 Assessment 2: Research summary Submission date THURSDAY 14 TH JANUARY 3.00PM THROUGH SAFE ASSIGN VIA THE BSB113 BLACKBOARD WEBSITE (SEE BB ASSESSMENT 2 FOLDER FOR DETAIL) Please note that you are only required to submit an e-copy of your work through SafeAssign via the BSB113 Blackboard website. NOT ASSIGNMENT MINDER This document contains important information about your assessment. You will need to read it carefully to understand what is required. In addition to reading this document you are strongly advised to read the “Frequently asked Questions about Assessment 2” document (refer to the Assessment 2 folder on Blackboard). Background You are currently volunteering for Cancer Council Australia providing part time administration support for them at a local office. During a well-earned tea break a discussion ensues about the effectiveness of government policies aimed at reducing tobacco smoking. The discussion touches on ways of reducing smoking including a tax on cigarettes, a ban on advertising, plain paper covering for cigarette packs and shocking TV adverts depicting images of smokers with cancer associated with smoking cigarettes. You remember that your lecturer in BSB113 had spoken about cigarette taxes. You say that your lecturer had mentioned that the evidence is that taxes are fairly successful at reducing smoking and that in Australia overall rates of smoking have been declining for a number of years. Someone...
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... Enron asserted that the Dabhol power plant is the largest gas-fired power plant in the world producing 2, 184 megawatts of electricity. The plant ceased operations in June 2001 that had arisen from a payment[pic] and contract dispute between the owners of the plant and the state of Maharashtra government. The paper will analyze the critical success factors (CSFs) as applied to the various facts found in the case study in “Politic, Institutions and Project Finance: The Dabhol Power Project”. The paper will also attempt to determine the benefits of the project, organizational readiness, and risk culture of the company with facts stated in the case study. By analyzing the CSFs and other components project risk recommendations will be given after a thorough analysis of the criteria. Critical Success Factors (CSFs) of Dabhol Power Project The term critical success factors are used to define the elements or components that are mandatory for an organization or project to achieve its mission. They can also be considered as the critical factors or the needed activity to make sure that the company or organization meets with success. According[pic] to Freud (1988), critical success factors are...
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