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New economy companies often use convertible and redeemable preferred shares with equity and debt characteristics as financing tools to reduce risk during their early stages of growth. According to relevant accounting standards, such preferred shares should be classified as financial liabilities and measured at fair value, with changes in fair value...
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Context 1
... 60% of Chinese companies have a life span of fewer than five Table 1 Unrecognized value of listed companies in the world's major capital markets. Item 2007 2008 2009 2010 2011 2012 2013 ...Context 2
... average life span of scientific R&D services companies is only 5.14 years ( Liu et al., 2018). According to DT Finance (2020), startup companies in the 10 most popular industries had an average life span of below four years over the past five years (see Table 2 for details). They had short life spans because they had weak business models. ...Citations
... The title is a paraphrase of the title of Kierkegaard's book on irony (On the Concept of Irony with Continual Reference to Socrates). In the same way as Kierkegaard takes Socrates as the starting point for his considerations, I base my analysis of the contemporary redefinition of good on "continual reference" to the New Economy (Xie & Zhang, 2021). I am looking at selected aspects of the economic practice of Euro-Atlantic societies in an attempt to find the contextual sources for the redefinition of the concept of good as a world-view background for collaborative consumption society. ...
The rationale for choosing the object of research is the recognition of the socio-cultural validity of new ways of management (New Economy), interpreted as a response to the exhaustion of traditional ways in which societies function, i.e. those based on ideas of growth and ownership. The aim of the article is to analyse selected examples of redefinition of the concept of good in the context of new social narratives and the grounding of certain beliefs related to the idea of degrowth and sharing economy. The article is theoretical and references to contemporary research on cultural philosophy and social analyses of economic practice. A socio-regulatory concept of culture was adopted as a research perspective, and humanistic interpretation was used as an explanatory procedure. Qualitative data was analysed using atlas.ti, concept driven coding was used, and content analysis was limited to concept analysis and the creation of conceptual maps. The research results are supposed to show: 1. the impact of modern forms of economic practices using the Internet and IT technology on the redefinition of good, 2. how this redefinition builds the axiological background of society of collaborative consumption.
... The new economy industry accounted for 16.1% of China's GDP in 2018. It became the new engine for China's development (Xie & Zhang, 2021). In light of the rapid emergence of newly-formed NECs and the transformation of traditional companies into NECs, it is important for investors to understand what these companies are and how their market values are determined. ...
... Table 2 summarizes the differences between NECs and traditional companies. According to Xie and Zhang (2021), NECs have the following four main characteristics: ...
... So that will result in a decrease in profits at the company. The operating performance of new economy companies may turn profitable and lead to rapid growth in revenues and profits [3]. ...
The purpose of this research is to determine the calculation of the depreciation cost allocation for fixed assets and its effect on operating income when using other alternative methods such as the double-declining balance depreciation method. Fixed assets will experience a decrease in economic value due to usage, damage, and obsolescence due to economic factors and technical factors. The method of depreciation of fixed assets that are used must be following the applicable accounting financial accounting standards, including the straight-line depreciation method and the double-declining balance depreciation method. Sources of data used in this study are secondary data types. Secondary data obtained in this study are from the official website of the IDX (Indonesia Stock Exchange) in the form of financial reports and fixed asset data for 2014-2018. The type of data of this research is quantitative, while the data processing method is the straight-line method and the multiple declining balance method. The results of the analysis in this study can be concluded that the method of depreciation of fixed assets used by the company is the straight-line depreciation method because operating income which is influenced by the straight-line depreciation method has a higher result compared to the double-decreasing balance depreciation method.
This study analyzes whether financial statements should recognize more internally generated intangible assets with particular reference to China. This issue is significant because of the increasing importance of the ‘new economy’ and R&D investment, including in China. We present the current accounting requirements for intangible assets and illustrate that the failure to recognize internally generated intangible assets leads to a high ratio of unrecognized value to market capitalization, known as the asset light phenomenon among firms. We discuss and compare international and Chinese views supporting and opposing the recognition of more internally generated intangible assets. We identify and analyze the major issues in general, and in China particularly, that standard setters and their stakeholders have to consider if more internally generated intangible assets are recognized. We focus on areas of recognition, initial and subsequent measurement, and user reaction. We find that the most critical issues are the separability and measurability of internally generated intangible assets. Based on the issues identified, we discuss initiatives on non‐financial disclosure in relation to unrecognized intangible assets and firms’ value creation. The study elucidates the consequences of current accounting standards on internally generated intangible assets and, by identifying the critical issues, contributes to the debate on whether it is best to adopt recognition of internally generated intangible assets or a disclosure‐only approach.
