Job autonomy and job satisfaction: new evidence

Anh Ngoc Nguyen, Jim Taylor and Steve Bradley

ABSTRAK: This paper investigates the impact of perceived job autonomy on job satisfaction. We use the fifth sweep of the National Educational Longitudinal Study (1988-2000), which contains personally reported job satisfaction data for a sample of individuals eight years after the end of compulsory education. After controlling for a wide range of personal and job-related variables, perceived job autonomy is found to be a highly significant determinant of five separate domains of job satisfaction (pay, fringe benefits, promotion prospects, job security and importance / challenge of work). 

sumber : http://ejournal.narotama.ac.id/index.php/detail/428/1011

Journal of Accounting and Public Policy (2002 forthcoming) Regulatory Competition for Low Cost-of-Capital Accounting Rules

Shyam Sunder

ABSTRAK: Paradoxical as it sounds in the current environment dominated by Enron news, the solution to the accounting problems lies in less, not more, regulation.
Under the present arrangements, privately-financed Financial Accounting Standards Board writes accounting rules, overseen by the Securities and Exchange Commission, and the Congress. All publicly held firms in U.S. must certify that they conform to this single set of rules.
This monopoly structure for setting U.S. accounting rules has several undesirable consequences.
First, when the FASB proposes new rules to deal with a perceived abuse in the industry, it is subjected to a great deal of pressure not only from segments of the industry but also from the members of the Congress and Administration. Accounting for restructuring of troubled bank loans, cost of exploration in the oil and gas industry, financial derivatives, employee stock options and mergers and acquisitions are among a long list of examples when FASB’ s attempts to reform accounting rules were frustrated by the industry with political support from Washington. 

sumber : http://ejournal.narotama.ac.id/index.php/detail/429/1011

THE EFFICACY OF LIQUIDATION AND BANKRUPTCY PREDICTION MODELS FOR ASSESSING GOING CONCERN

                                Nirosh Kuruppu, Fawzi Laswad and Peter Oyelere

ABSTRAK: Although previous research generally find bankruptcy prediction models to outperform auditors’ going concern opinion accuracy in identifying failing companies, recent research questions whether bankruptcy is the best proxy for assessing going concern since filing for bankruptcy is not synonymous with the invalidity of the going concern assumption. Furthermore, in contrast to debtor-oriented countries such as the US, liquidation is the most likely outcome of corporate insolvency in creditor-oriented countries such as the UK, Germany, Australia and New Zealand. This suggests that bankruptcy prediction models have limited use for assessing going concern in creditor-oriented countries. Previous research has not recognised this distinction between corporate bankruptcy and liquidation in developing statistical models as an audit tool for assessing going concern. This study examines the efficacy of a corporate liquidation model and a benchmark bankruptcy prediction model for assessing company liquidation. It finds that the liquidation model is more accurate in predicting company liquidations in comparison with the benchmark bankruptcy prediction model. Most importantly, Type 1 errors for the liquidation prediction model is significantly lower than for the bankruptcy prediction model, which indicates its greater efficacy as an analytical tool for assessing going concern. The results also suggest that bankruptcy prediction models may not be appropriate for assessing going concern in countries where the insolvency code is creditor-oriented. 

sumber : http://ejournal.narotama.ac.id/index.php/detail/430/1011