Value Added Statement: A Part of Social Responsibility Reporting
Issue:
Volume 5, Issue 2, March 2017
Pages:
74-79
Received:
28 January 2017
Accepted:
2 March 2017
Published:
25 March 2017
Abstract: In this paper I have tried to show how and to what extent, the value added Statement can supplement additional financial information to satisfy all the stateholders of the enterprise. This study sets out to determine whether sufficient evidence on the usefulness of the statement, from the perspective of the users exists. The paper examines some of the theoretical issues regarding the publication of the value added statement as a voluntary disclosure in the process of accounting communication. The social and economic motivation to use value added reporting is linked to the general process of disclosing financial information in a certain business and cultural environment. In this framework, a question arises about the possible role of the value added statement as a way of accounting communi cation in the global economy.
Abstract: In this paper I have tried to show how and to what extent, the value added Statement can supplement additional financial information to satisfy all the stateholders of the enterprise. This study sets out to determine whether sufficient evidence on the usefulness of the statement, from the perspective of the users exists. The paper examines some of ...
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Measurement of Dynamic Portfolio VaR Based on Mixed Vine Copula Model
Zhao Ru-bo,
Tian Yi-xiang,
Tian Wei,
Chen Xiu-rong
Issue:
Volume 5, Issue 2, March 2017
Pages:
80-86
Received:
21 April 2017
Published:
21 April 2017
Abstract: The measurement of portfolio VaR has been a hot issue in the field of the academic and the industry. This paper applies three kinds of Vine Copula model to describe high-dimensional dependency structure between multiple assets, introduces mixed binary copula function to improve the accuracy of tail dependence structure. We use six important stock markets as stock portfolio to test this model. The empirical results show that introducing mixed Copula function can improve the measurement reliability of Vine Copula model, and the reliability of mixed R-Vine model is highest in three kinds of mixed Vine Copula models.
Abstract: The measurement of portfolio VaR has been a hot issue in the field of the academic and the industry. This paper applies three kinds of Vine Copula model to describe high-dimensional dependency structure between multiple assets, introduces mixed binary copula function to improve the accuracy of tail dependence structure. We use six important stock m...
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