Zugl.: Regensburg, Universiẗat, Diss., 2008. / Literaturverz. S. 303 - 324.

abstract: This study examined the enactment of a high school district's college-going mission. Treating mission enactment as a case of policy implementation, this study used the lens of complexity theory to understand how system actors and contexts influenced variation and adaptation. Data collection methods included observations, interviews, focus groups, and surveys of various system actors including district staff, principals, counselors, teachers, and students. This study used a mixed methods analytic inductive technique and Social Network Analysis to describe the mission's implementation. Findings reflect that the mission was a vaguely defined value statement; school staff reacted to the mission with limited buy-in and confusion about what it really meant in practice. The mission lacked clear boundaries of what constituted related programs or policies. Consequently, in this site-based district, schools unevenly implemented related programs and policies. School staff wanted more guidance from district staff and clear expectations for mission-related actions. To help meet this need, the district was moving to a more centralized, hierarchical approach. Though they were providing information about the mission, district staff were not providing specific, responsive support to organize school staff's efforts around implementation. District staff were trying to find an approach that both supported schools towards a common vision and provided flexibility for school-level adaptations. Yet, the district had not yet fully formed its position as a facilitator of implementation. Further, as the district lacked a cohesive measurement system, the effectiveness of this initiative was unknown. This study sought to present policy implementation as varied phenomenon, influenced by system actors and conditions. Findings suggest that while policy cannot determine actions, district staff could help create conditions that would support implementation. / Dissertation/Thesis / Ph.D. Educational Leadership and Policy Studies 2011

Denna studie har undersökt förvaltningsberättelsers och revisionsberättelsers innehåll för större svenska bolag gällande information om fortsatt drift innan konkurs. Den teoretiska utgångspunkten har varit att utröna om revisionsbyråns storlek har betydelse för revisorns och bolagens rapportering av fortsatt drift, vilket framkommit i tidigare forskning. För att kunna studera praxis inom rapportering av fortsatt drift, har en population av 146 större svenska bolag som har gått i konkurs mellan 2006 och 2015 använts. Årsredovisningen från året innan konkursen har varit studieobjektet. Den teoretiska metoden utgår från ett abduktivt synsätt där teori har studerats parallellt med insamlandet av sekundärdata från årsredovisningar. Studiens teoretiska antagande utgår från tidigare studier om revisionskvalitet och rapportering av fortsatt drift, mestadels via revisionsberättelsen. Forskningen om förvaltningsberättelsens betydelse härvidlag har, enligt författarens kännedom, undersökts i mindre omfattning vilket förstärker studiens kunskapsbidrag. Studiens empiriska resultat visar att en övervägande del av de bolag där revisorn rapporterade problem med fortsatt drift hade lämnat en upplysning av särskild betydelse. Få fall av avvikande mening eller uppgift med reservation rapporterades, och i sammanlagt 28,8 % rapporterades tvivel på fortsatt drift i revisionsberättelsen. I de fall som tvivel om fortsatt drift rapporterades användes upplysning av särskild betydelse i 88,6 %. Studien kunde inte bekräfta att revisorer som tillhör en större revisionsbyrå rapporterar med bättre kvalitet, något som motsäger tidigare forskning.Det finns dock tendenser som indikerar att förvaltningsberättelsen är ett viktigt dokument att studera för att finna tecken på ett bolags förmåga till fortsatt drift.

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The thesis investigates the link between internal and external funds in financing new investment when asymmetric information is important. In both chapter, the entrepreneur has private information about the value of a project and, if the quality of the project is high, she tries to signal this to outside investors. The first chapter explores the tradeoff between using internal funds and raising external funds by issuing shares or bonds to finance a project. The entrepreneur can delay the project to accumulate internal funds over time from existing operations. This allows an entrepreneur with a high quality project to reduce her reliance on expensive underpriced bond or share issues. However, accumulating funds is also costly because of discounting and the risk that the project disappears. The more valuable the good project, the less the entrepreneur will delay the project, risking its loss, and so the more she relies on external financing. When external financing is sought, the entrepreneur decides to issue bonds or shares. The greater the value of the good project, the more underpriced shares are relative to bonds. Thus an entrepreneur with a highly valuable good project chooses equity and one with a less valuable project chooses debt. Combining the two results shows that for a highly valuable good project, debt is used, and for a less valuable project, internal funds are used. External equity gets squeezed out. Aggregate data for the U.S. confirm that corporate bond issues are a more important source of funds than new share issued. Furthermore, most small firms rely on internal funds and debt, rather than external equity to finance their projects. The second chapter provides a new theory for the underpricing of initial public offerings (IPOs). As in the first chapter, underpricing is used as a signal of quality. However, the entrepreneur is risk averse and only underprices when she cannot sell enough primary (new) shares to raise sufficient proceeds from the IPO to cover the cost of the project without diluting her position below that needed to signal a high project value. Underpricing allows the entrepreneur to maintain a high stake in the firm and still make a credible signal of quality. This allows more primary shares to be sold resulting in a net increase in proceeds. The model predicts that underpricing should be greatest among firms that don't sell secondary shares (shares held by insiders) at the IPO and that there should be a positive relationship between the firm's capital requirement and the initial return among this group of firms only. A switching regression framework is used. The probit model is first estimated where the probability of no secondary shares is explained by proxies for a firm's capital requirements. The initial return is then regressed on the same proxies, conditioning on whether the firm sells secondary shares or not and accounting for possible correlation between errors in the selection and regression equations. Strong support is found for the positive relationship between initial return and capital requirements for only firms without secondary share sales, as predicted. / Arts, Faculty of / Vancouver School of Economics / Graduate

La thèse « La force du religieux et du politique chez Madonna. Une approche de son expression à partir de ses trois documentaires : Madonna : Truth or Dare, 1991, I’m Going to Tell You a Secret, 2005, I Am Because We Are, 2008 » s'intéresse à la façon dont la culture populaire contemporaine utilise des concepts et des outils originaires des domaines du religieux et du politique pour s'exprimer et exercer son influence dans la société. La longévité de la carrière de la chanteuse Madonna fait de son corpus de travail un lieu privilégié pour saisir et analyser l'emploi de tels concepts depuis les années 1990, et offre ainsi l'occasion de mieux comprendre les formes du contemporain et les enjeux de la culture populaire. / This dissertation deals with the ways in which the contemporary popular culture uses concepts and tools coming from religion and politics in order to exert some influence on our society. The length of American singer Madonna’s career makes her decades-long artistic expression a privileged locus where such concepts can be grasped and analysed, starting in the 1990’s. This provides the opportunity to better understand the means of expression in our contemporary world, together with what is at stake in popular culture.

In August, 2014, the Financial Accounting Standards Board issued an update concerning the disclosure of uncertainties about an entity’s ability to continue as a going concern. The standard requires an entities management to evaluate whether there is substantial doubt about the entity’s ability to continue as a going concern and to provide related footnote disclosures in certain circumstances. One consequence of this regulation is the need for guidance for audit testing of management’s assessments in each phase of the audit. This research evaluates the usefulness of bankruptcy prediction models as analytical tools in the planning stage of an audit for going concern assertions and questions the use of precision as the only measure of a model’s effectiveness. I use simulation to manipulate the fundamental accounting data within five bankruptcy prediction models, explore failure rates in an environment with materiality concerns, and consider the total change in market value due to simulated errors. Given the inherent limitations of the information environment and/or current prediction models, my results indicate auditors’ current failure rates are not an indication of audit failure. The results suggest that bright-line testing using bankruptcy prediction models are sensitive to materiality and that the cost trade-off between Type I and Type II errors is an important indicator of model choice.

Prior literature suggests two competing theories regarding the role of venture capitalists (VCs) in their portfolio companies. The VC monitoring hypothesis argues that VCs effectively resolve the managerial agency problem through close monitoring and restraining managers' earnings management behavior. The VC moral hazard hypothesis argues that VCs aggravate the private benefits agency problem by exerting influence over managers to artificially inflate exit stock price through earnings management. Using a sample of IPO firms between 1987 and 2002, after controlling for the magnitude of accruals manipulation (AM), I compare the magnitude of real activities manipulation (RM) between venture-backed and non-venture-backed companies. I find that relative to non-venture-backed companies, venture-backed companies show significantly less RM in the first post-IPO fiscal year. The results are robust after controlling for the VC selection endogeneity. The finding supports the VC monitoring hypothesis that VCs restrain managers' RM behavior. Furthermore, I document that venture-backed companies exhibit a significant difference from non-venture-backed companies only in the first post-IPO fiscal year. The difference between the two groups in either the IPO year or the second post-IPO fiscal year is not significant, or at best, is weak. This finding is consistent with the argument that VCs tighten their control during the lockup expiration period when insiders such as managers or founders have strong incentives to inflate earnings. By the end of the second post-IPO fiscal year when VCs exit the portfolio companies, their impact on portfolio companies' RM decreases dramatically which makes the difference between the two groups less significant. In addition, using a sample of venture-backed IPOs from 1987 to 2002, I find that companies backed by high-reputation VCs show significantly less RM than those backed by low-reputation VCs in the first post-IPO fiscal year. The results are robust to alternative VC reputation proxies. This finding is consistent with the argument that high-reputation VCs have more incentives to preserve reputation and better ability to monitor managers than low-reputation VCs.

This thesis focusses on contemporary China. It examines the role the dominant ideology plays in determining the kinds of texts and narratives that are translated for export as part of government-sponsored translation projects. The literary magazine Pathlight, launched as an instrument of Chinese cultural diplomacy, is at the centre of this research project. At the turn of the 21st century, the Chinese government stepped up its funding of cultural diplomacy activities in efforts to disseminate Chinese traditional culture and Chinese discourse internationally. This move was fuelled by mounting criticism and negative reporting from the Western mainstream media on China, and China’s declining image worldwide. As part of this, the Chinese government initiated a number of projects to enhance the country’s image and discursive power through cross-cultural exchanges and cultural diplomacy, and thus forge its own narrative on China in the international community (K. Zhao, 2016). Drawing upon notions of patronage and ideology from Lefevere’s rewriting theory and anchoring on previous research on similar translation projects, this study applies qualitative content analysis methods to pinpoint the recurring themes and narratives in the English translations exported in Pathlight from 2011 to 2019. It searches for links between these recurring themes and narratives and current Chinese mainstream ideology as expressed by “the Chinese dream.” The findings of this dissertation reveal that, although the dominant ideology in China does put certain limitations on what kinds of stories and narratives are selected for translation and export in government-sponsored translation projects, compared to years prior to the economic reforms of the 1980s, the variety of stories and narratives translated and exported has greatly increased. Arguably, this could be explained by the changes in the country’s dominant ideology over the past 30 years, and by how the Chinese government is turning to “softer” methods of control.

The going concern warning and its consequences for auditors and companies have been studied from many different angles. However, the results are conflicting. A going concern warning is issued by an auditor when there is substantial doubt on the company’s ability to continue as a going concern. Studies have shown that most companies survive despite a going concern warning. There are also signs of short-term consequences for the companies. How the consequences unfold in the long run for companies that have received a going concern warning is not well studied. The purpose of this study is to investigate how companies are affected in the long run by the consequences that can arise due to a going concern warning. For this study, a quantitative method has been used. Legitimacy theory, Interest theory and Institutional theory, have the common factor that they all explain how organizations survive in the long run. The theories, together with scientific articles and other relevant literature, have been used to develop the hypotheses. Companies with a going concern warning have been compared with companies that have not received a going concern warning. Empirical data have been collected for 2010-2015 and by using multiple linear regressions the hypotheses of the study have been tested. The result of the study showed that a going concern warning did not adversely affect the company on a long-term basis. On the contrary, the study indicates that companies with a going concern warning improve compared to equivalent companies which did not receive a going concern warning.