Juniper Publishers Annals of Social Sciences and Management studies

Annals of Social Sciences & Management Studies-Juniper Publishers   Opinion In his opening lecture Nassau Senior, renowned British economist and first professor of political economy at the University of Oxford, said: “The pursuit of wealth is, to the mass of mankind, the great source of moral improvement” [1]. Whether we like it or not, Senior’s view is still present in the current thinking. For instance, on February 1994 an editorialist of The Economist wrote: “Capitalism is a kind of freedom. Give people some rights (such as the property right and the right to sell their own workforce) and leave them on their own, and you get capitalism. Capitalism is a good thing especially because freedom is a good thing” [2]. Such statements lead us to ask ourselves: Is it true that the mere free market generates moral improvement? To answer this question, it is necessary to understand how the market works. Basically, the market is a system in which buyers and sellers come together in orde...

  Annals of Social Sciences & Management Studies-Juniper Publishers Abstract To address the question as to whether accounting for goodwill in International Financial Reporting Standards is appropriate, we investigate whether the acquired goodwill of a company is generating future residual earnings. In this paper, we investigate whether the acquired goodwill is generating future results in two components: net and additional income (i.e. other comprehensive income). To do this, we decompose the goodwill as Johnson & Petrone [1]. and formalize, based on the residual income valuation model [2], a link between acquired goodwill, comprehensive residual income generated by these acquisitions and the premium paid. Results based on regressions conducted on French companies constituting the SBF 120 show a significant association between acquired goodwill and subsequent residual income of acquiring firms, and on the two components of income (net income and other comprehe...

Juniper Publishers- Open Access Journal of Social Sciences & Management studies The Influence of Organization Social Capital on Strategic Performance in Role of Technological Uncertainly in Pharmaceutical Manufacturing Industries Iran Authored by  Mohammad Hajimolaali Introduction In a knowledge-based economy, intangible assets of organizations are increasingly becoming a decisive factor in competitiveness. Such assets, such as skills and knowledge of employees, are viewed as the essence of competitive advantage [1]. Social capital is the set of norms in the social systems that promote the level of cooperation of the members of that society [2]. This capital points to the links and connections among the members of the network as a valuable resource, which creates norms and mutual trust, which serves the purposes of the members [3]. The experts consider social capital as aspects of social organization such as norms, social networks and mutual t...