En el Perú tenemos diversas maneras de analizar y controlar el otorgamiento del crédito, cada tipo de crédito presenta una regulación distinta. En el presente proyecto de investigación nos enfocaremos en buscar el mejor método que permita controlar la cartera vencida de una empresa comercial. En la actualidad existen diversos parámetros como en la que brinda la Superintendencia de Banca Seguros y AFP, cálculo de la Pérdida Esperada según la normativa de Basilea II y una tercera propuesta que es el cómo se decide en un comité autónomo de Créditos. Para los tres parámetros se analiza el proceso de Provisiones, las provisiones son recursos que usan las empresas como prevención para proteger sus activos, esta estrategia ayuda a la empresa en el control de su cartera crediticia y mitigar el riesgo crediticio para la toma de decisiones e implantar nuevas políticas de control y seguimiento de la misma. Por último, revisaremos el impacto en su Estado de Resultado a fin de analizar el mejor método que una empresa Comercial podría adoptar afectando en el menos posible su Utilidad Neta. Para esto analizaremos una empresa comercial que vende productos de consumo a nivel nacional y se usará una data de cinco años (2014-2018). / In Peru we have different ways of analyzing and controlling the granting of credit, each type of credit has a different regulation. In this research project we will focus on finding the best method to control the overdue portfolio of a commercial company. At present there are several parameters such as the one provided by the Superintendence of Insurance Banking and AFP, calculation of the Expected Loss according to Basel II regulations and a third proposal which is how to decide in an autonomous Credit Committee. For the three parameters, the Provisions process is analyzed, the provisions are resources that companies use as prevention to protect their assets, this strategy helps the company to control its credit portfolio and mitigate credit risk for decision making and implement new policies to control and monitor it. Finally, we will review the impact on its Income Statement in order to analyze the best method that a Commercial company could adopt affecting as little as possible its Net Profit. For this purpose, we will analyze a commercial company that sells consumer products nationwide and will use a five-year (2014-2018) data. / Tesis

The purpose of this thesis is to analyze the drivers and dynamics of credit losses in Australasian banking over an extended period of time in order to improve the means by which financial institutions manage their credit risks and regulatory bodies safeguard the stability and integrity of the financial system. The analysis is based on a specially constructed data base of credit loss and provisioning data retrieved from original financial reports published by Australian and New Zealand banks. The observation period covers 1980 to 2005, starting at the time when such information was published for the first time in bank financial statements. It moreover covers the time of major crises which occurred in both Australia and New Zealand in the late 1980s and early 1990s. The heterogeneity of reporting the data both amongst banks and through time requires the development of a reporting typology which allows data extraction with equivalent informational content. As a thorough study of credit risks requires long data series often not available from third party data providers, the method developed here will provide value to a range of researchers. Based on an evaluation of many alternative proxies which track a bank's credit loss experience (CLE), the thesis proposes a preferred model for impaired assets expense (as % of loans) as dependent variable, mainly because of its timely nature and good data availability. Explanatory variables include aggregate macro variables of which changes in unemployment and the return in the share markets are found to have the most significant influence on a bank's credit losses. Bank-specific control variables include a pre-provision earnings proxy whose significance points to the use of provisions for the purpose of income smoothing by Australasian banks. The model also controls for size and nature of lending as smaller, retail-oriented housing lenders, on average, exhibit lower loan losses. Clear results are found with regard to the effect of rapid expansion which appears to be followed by a surge of bad debt provisions 2 to 3 years later. Moreover, inefficient banks tend to suffer greater credit losses. An important part of the thesis looks at the characteristics of alternative CLE proxies such as stock of provisions, impaired assets and write-offs which have been used by earlier literature. Estimating the preferred model with such alternative CLE parameters confirms their peculiarities such as the memory character of stock of provisions and the delayed nature of write-offs. These measures correlate rather poorly amongst themselves which calls for caution in the comparative interpretation of earlier studies that use differing CLE proxies.

<p>The aim of this work is to analyse the current provisions on domestic regulation contained in the GATS, as well as to examine the negotiations on future disciplines currently being worked on by WTO members. In particular it aims to see what impact these rules will have on the licensing of telecoms services. In addition the study seeks to investigate whether, on a proper analysis and understanding of the legal texts on domestic regulation, the claims made by some civil society organisations and NGOs are valid.59<br /> &nbsp / </p>

To be able to understand future firm performance it is important to recognize and correctly evaluate what constitutes a signal. This study investigates if provisions contain signalling value regarding future firm performance. The study is conducted on firms listed on the Nasdaq OMX Stockholm from 2001 to 2010, constituting a sample of 2173 firm years. All the provision data has been manually collected from each of the firm’s annual reports. By using both univariate and multivariate analyses, the study provides new evidence regarding the association between provisions and firm performance. The findings indicate that firms who recognise restructuring provisions experience a performance improvement. The performance improvement is tied to the size of the restructuring provision i.e. the signal. Warranty and litigation provisions show no indications of having any relation to future firm performance. Thus, large restructuring provisions contain a signal of performance improvement, whereas warranty and litigation provisions do not. The thesis contributes to existing literature by providing new insight of how provisions functions as signals of firm performance

Social support has been recognized to impact positive health behaviours, including exercise participation. In the exercise domain, one conceptual framework that has been employed to examine social support is Weisss (1974) Model of Social Provisions. The main purpose of the present study was to utilize Weisss (1974) model to examine how the social provisions relate to university students energy expenditure while exercising with others. Specifically, this study was concerned with participants perceptions about the availability of social provisions, their preferences for the provisions in the exercise setting, and the congruence between social provision perceptions and preferences as they related to energy expenditure. Participants who had performed exercise with others in the past 4 weeks (N=201) completed the Modifiable Activity Questionnaire (MAQ; Kriska et al., 1990) to assess energy expenditure, as well as modified versions of the Social Provisions Scale (Cutrona & Russell, 1987) to assess social provision perceptions and preferences. Results from exploratory factor analyses revealed separate five-factor models for both the perceived provisions (i.e., attachment, reliable alliance, social integration, opportunity for nurturance, and reassurance of worth) and the preferred provisions (i.e., guidance, social integration, reliable alliance, reassurance of worth, and opportunity for nurturance). Discriminant function analyses were used to assess the unique contribution of these perceived and preferred provisions to participants energy expenditure. The results from the analyses indicated that none of the perceived provisions and none of the preferred provisions predicted high versus low expenditure, nor did the congruence relationship between the perceived and preferred variants of each provision predict high versus low energy expenditure. Potential explanations for the non-significant findings were highlighted with respect to study methodology. Directions for future research were also discussed.

Conventional wisdom holds that constitutions shape behavior, structures, and institutions. Looking at provisions in the constitutions of 19 Latin American countries, I show the level of judicial independence exercised by a country’s courts and judges is a function of constitutional provisions.

Social support has been recognized to impact positive health behaviours, including exercise participation. In the exercise domain, one conceptual framework that has been employed to examine social support is Weisss (1974) Model of Social Provisions. The main purpose of the present study was to utilize Weisss (1974) model to examine how the social provisions relate to university students energy expenditure while exercising with others. Specifically, this study was concerned with participants perceptions about the availability of social provisions, their preferences for the provisions in the exercise setting, and the congruence between social provision perceptions and preferences as they related to energy expenditure. Participants who had performed exercise with others in the past 4 weeks (N=201) completed the Modifiable Activity Questionnaire (MAQ; Kriska et al., 1990) to assess energy expenditure, as well as modified versions of the Social Provisions Scale (Cutrona & Russell, 1987) to assess social provision perceptions and preferences. Results from exploratory factor analyses revealed separate five-factor models for both the perceived provisions (i.e., attachment, reliable alliance, social integration, opportunity for nurturance, and reassurance of worth) and the preferred provisions (i.e., guidance, social integration, reliable alliance, reassurance of worth, and opportunity for nurturance). Discriminant function analyses were used to assess the unique contribution of these perceived and preferred provisions to participants energy expenditure. The results from the analyses indicated that none of the perceived provisions and none of the preferred provisions predicted high versus low expenditure, nor did the congruence relationship between the perceived and preferred variants of each provision predict high versus low energy expenditure. Potential explanations for the non-significant findings were highlighted with respect to study methodology. Directions for future research were also discussed.

<p>The aim of this work is to analyse the current provisions on domestic regulation contained in the GATS, as well as to examine the negotiations on future disciplines currently being worked on by WTO members. In particular it aims to see what impact these rules will have on the licensing of telecoms services. In addition the study seeks to investigate whether, on a proper analysis and understanding of the legal texts on domestic regulation, the claims made by some civil society organisations and NGOs are valid.59<br /> &nbsp / </p>

Relatively few research efforts have focused on splice length requirements for reinforced masonry, despite the significant impact of these requirements on the safety, economy, and constructability of masonry walls. The Canadian masonry provisions for splice lengths in CSA S304.1-04 are taken directly from the Canadian concrete design standard, CSA A23.3-04, and thus do not necessarily reflect factors unique to masonry construction. Provisions in American masonry standard TMS 402-13/ACI 530-13/ASCE 5-13 are based on test results of double pullout specimens, but may be overly conservative due to shortcomings of the specimen type chosen. The purpose of this study is to examine the splice lengths needed for flexural masonry elements reinforced with bar sizes typically used in Canadian masonry construction. In this study, 27 wall splice specimens and 12 double pullout specimens were constructed. The wall splice specimens were tested horizontally in four point loading, while the double pullout specimens were tested in direct tension. Results from the double pullout specimen testing suggest that the techniques used at the University of Saskatchewan (U of S) are reasonably similar to those of the National Concrete Masonry Association (NCMA), and are thus adequate to assess current provisions in the American and Canadian standards. A predictive equation for the tensile resistance of spliced reinforcement was developed from the results of the wall splice specimen testing. This predictive equation was then adjusted to incorporate an adequate margin of safety for calculating splice length requirements for design purposes, using a five percent quantile approach. The adjusted predictive equation was then extrapolated to determine the splice lengths corresponding to the nominal yield strength of the reinforcement. These splice lengths were compared to current code provisions. It was found that the current CSA S304.1-04 Class B provisions, used almost exclusively in construction, are conservative for No. 15, 20, and 25 bars. In contrast, the TMS 402-13 provisions were overly conservative for all three bar sizes. Changes to the bar size factors of the current provisions for both codes were recommended to bring better consistency to the requirements of the two codes, and thus ensure the safety, economy, and constructability of masonry walls.

O aumento da complexidade das operações, assim como do tamanho das organizações, face ao fortalecimento da economia e do mercado acionário, tem motivado uma considerável expansão na importância das informações geradas pela Contabilidade. Porém, muito se discute sobre o verdadeiro valor da informação contábil para seus diversos usuários. Essa discussão, em muitos casos, está baseada na fidedignidade das demonstrações financeiras em relação à realidade econômica das empresas. Uma das grandes críticas feitas a Contabilidade é a de ser conservadora em relação aos critérios utilizados na apuração do resultado econômico. Como conseqüência, suas informações não refletiriam a realidade econômica das empresas. Some-se a isso o fato de que, ao longo dos anos, a Contabilidade vem incorporando novos critérios que a estariam tornando ainda mais conservadora. Este problema é de suma importância, pois levanta a questão da comparabilidade das demonstrações contábeis ao longo dos anos. Este trabalho, usando uma amostra de 106 empresas de capital aberto negociadas na BM&FBOVESPA, a partir da utilização dos modelos de Acumulação de Accruals, proposto por Givoly e Hayn (2000), e de Oportunidade Assimétrica nos Lucros, proposto por Basu (1997), para mensuração do conservadorismo, conclui pela aceitação da hipótese de que há um aumento do Conservadorismo reportado nas demonstrações financeiras ao longo do período analisado, compreendido entre 1995 e 2010. / The increasing complexity of operations and the size of organizations, observing the economy and the stock markets strengthening, have motivated a considerable expansion of the relevance of information generated by Accounting. However, lots have been discussed about the true value of accounting information to its various stakeholders. This discussion, often based on the reliability of financial statements related to the real economic scenario of the companies. One of the major criticisms on Accounting is to be conservative in relation to standards used to determining the economic outcome. Consequently their information does not reflect the economic reality of business. Add to this the fact that Accounting has been incorporating new standards that would make it even more conservative over the years. This issue has extreme relevance as it brings up the question of comparability of financial statements over the years. This research used a sample of 106 publicly traded companies at BM&FBOVESPA to measure the conservatism, based on Accumulation Accruals models proposed by Givoly and Hayn (2000), and Opportunity Asymmetric Profit models proposed by Basu (1997), concluding by the acceptance of the hypothesis that there is an increased conservatism reported in financial statements over the analyzed period between 1995 and 2010.