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Accounting Challenges for Semi-Autonomous Revenue Agencies (SARAs) in Developing Countries
Terkper, Seth E. - 2008
fiscal and financial accounting obligations. SARAs are legal entities, such as a service or a department, which are required … to prepare accrual records that may diverge from a treasury''s cash accounting records. Their records reflect revenues … generated; budget funds for generating the revenues; and material programs administered for other agencies. The accounting …
Persistent link: https://www.econbiz.de/10014401680
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Intangible capital, relative asset shortages and bubbles
Giglio, Stefano; Severo, Tiago - 2011
Persistent link: https://www.econbiz.de/10009419625
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The tax-adjusted Q model with intangible assets : theory and evidence from temporary investment tax incentives
Chen, Sophia; Dauchy, Estelle P. - 2014
-collected comprehensive database of intangible assets. The presence of intangibles changes the accounting and economic measures of q. We show …
Persistent link: https://www.econbiz.de/10012666979
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Small and vulnerable : small firm productivity in the great productivity slowdown
Chen, Sophia; Lee, Do - 2020
We provide broad-based evidence of a firm size premium of total factor productivity (TFP) growth in Europe after the Global Financial Crisis. The TFP growth of smaller firms was more adversely affected and diverged from their larger counterparts after the crisis. The impact was progressively...
Persistent link: https://www.econbiz.de/10012487176
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Monetary policy and intangible investment
Döttling, Robin; Ratnovski, Lev - 2020
We contrast how monetary policy affects intangible relative to tangible investment. We document that the stock prices of firms with more intangible assets react less to monetary policy shocks, as identified from Fed Funds futures movements around FOMC announcements. Consistent with the stock...
Persistent link: https://www.econbiz.de/10012300640
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Macroeconomic policy, product market competition, and growth : the intangible investment channel
Ahn, JaeBin; Duval, Romain; Sever, Can - 2020
While there is growing evidence of persistent or even permanent output losses from financial crises, the causes remain unclear. One candidate is intangible capital - a rising driver of economic growth that, being non-pledgeable as collateral, is vulnerable to financial frictions. By sheltering...
Persistent link: https://www.econbiz.de/10012170156
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Bank lending in the knowledge economy
Dell'Ariccia, Giovanni; Kadyrzhanova, Dalida; Minoiu, … - 2017
We study bank portfolio allocations during the transition of the real sector to a knowledge economy in which firms use less tangible capital and invest more in intangible assets. We show that, as firms shift toward intangible assets that have lower collateral values, banks reallocate their...
Persistent link: https://www.econbiz.de/10011781337
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Financial frictions and the great productivity slowdown
Duval, Romain; Hong, Gee Hee; Timmer, Yannick - 2017
highly persistent and quantitatively large-possibly accounting on average for about a third of the post-crisis slowdown in …
Persistent link: https://www.econbiz.de/10011704627
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The financing of ideas and the great deviation
Garcia-Macia, Daniel - 2017
Why did the Great Recession lead to such a slow recovery? I build a model where heterogeneous firms invest in physical and intangible capital, and can default on their debt. In case of default, intangible assets are harder to seize by creditors. Hence, intangible capital faces higher financing...
Persistent link: https://www.econbiz.de/10011705354
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Financial constraints, intangible assets, and firm dynamics : theory and evidence
Chen, Sophia - 2014
new measures of firm-level physical and intangible assets using accounting information on U.S. public firms. I find that …
Persistent link: https://www.econbiz.de/10014275782