The study measures farm credit risk by using farm records collected by Farm Business Farm Management (FBFM) during the period 1995-2004. The study addresses the following questions: 1) whether farm’s financial position is fully described by the structure model, 2) what are the determinants of...

This study investigates the association between cost rigidity and managerial ability. Cost rigidity refers to the percentage variation in costs relative to the percentage variation in sales, which can be captured by the relative proportion of fixed and variable costs. Traditional management...

The new accounting standard (FASB ASC 805) requires acquiring firms to estimate the fair value of net assets acquired and recognize the excess amount over purchase price as a bargain purchase gain, a component of current earnings. The flexibility in fair value measurement provides acquiring...

ASC 805 gives the management of an acquiring firm flexibility in valuation and the possibility of recognizing day one bargain purchase gains (BPG). BPG acquisitions occurred frequently in the financial services industry during the crisis of 2008 and some of these acquisitions were assisted by...

In this paper, we examine the effect of credit defaults swap (CDS) initiation on reference firms' cost management behavior. CDS contracts provide insurance protection for lenders, inducing a shift in bargaining power from borrowers to lenders and an excessive incidence of bankruptcy....

This study investigates whether and how customer concentration in supply chains affects suppliers' incentive to engage in real earnings management. Building on the recent debate over the collaboration hypothesis and the rent extraction hypothesis, we show that with concentrated major customers,...

In this paper, the influence of the speed changes on a low-head Francis turbine has been discussed, aiming at efficiency optimization. For forty two different operating scenarios with and without considering the speed variations, energy losses of the turbine are evaluated with the help of...

Rapid urbanization involves the expansion of constructed land, which changes the land use and landscape pattern in watersheds, degrades ecosystem services, and creates other adverse ecological impacts. Therefore, urban planning must consider ecological risk by focusing on stressors and the...

In this study, we follow the strategy typology proposed by Treacy and Wiersema (1995) and develop a textual measure of firms’ generic strategy along three dimensions: product leadership, customer intimacy, and operational excellence. Product-leadership firms emphasize innovation and confront...