The global military and government is projected to grow to USD 13.9 billion by 2020, at a CAGR of 8,4% from 2016 to 2020, where medium-lift type helicopters are dominant in terms of systems delivered and in terms of value. After 2020, the value of helicopters in these sectors…
CORVALLIS, Ore. — The use of residual forest biomass for rural development faces significant economic hurdles that make it unlikely to be a source of jobs in the near future, according to an analysis by economists at Oregon State University.
In a model of the forest industry, researchers in the…
AUBURN, AL – Lotus, an aquatic perennial vegetable native to many subtropical and temperate zones, is cultivated extensively throughout Asia. Lotus rhizomes, stems, flowers, seeds, and young leaves are in great demand, and are considered a dietary vegetable staple in many Asian cultures because of their high content of…
The number of companies using ‘creative accounting techniques’ can be expected to increase in Republican-governed states and decrease in Democrat-governed states when Donald Trump becomes US President tomorrow, according to new research from the University of Bath.
Widely seen in recent accounting scandals, companies under pressure from analysts and investors can resort to manipulating financial reports to hide financial performance, or at best present an overly positive impression of the company’s profitability, through practices known as ‘earnings management’.
The study, published in the Journal of Accounting and Public Policy, found that companies are more likely to use earnings management techniques when they are headquartered in states with a higher political alignment with the federal government.
For Obama’s Presidency, Democrat states, such as California, were more politically aligned with the federal administration than Republican Red states, such as Texas. The opposite is set to be true with Trump’s Presidency.
The results point to the Trump Presidency leading to an increase in earnings management for companies located in Republican-governed states; and a decrease in earnings management for companies based in Democrat-governed states.
Analysis of companies that actively pursue corporate political strategies by either lobbying or…