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Record W358629452

Economic Optimism Improved in Q2 among C-Suite CPAs

2009· article· en· W358629452 on OpenAlexaboutno aff
Megan M. Pinkston

Bibliographic record

VenueJournal of accountancy online/Journal of accountancy · 2009
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicEconomic Theory and Policy
Canadian institutionsnot available
Fundersnot available
KeywordsQuarter (Canadian coin)OptimismEconomicsFinanceBusinessPsychology
DOInot available

Abstract

fetched live from OpenAlex

Optimism about the U.S. economy's prospects improved sharply in the second quarter, but compensation freezes, layoffs and capital spending cuts were still on the horizon for about half of companies, according to a survey of CPA financial executives. Nearly one-fifth of respondents were optimistic or optimistic about the U.S. economy's outlook over the next 12 months, according to results from the Business & Industry Economic Outlook Survey Q2 2009, conducted by the AICPA and the University of North Carolina's Kenan-Flagler Business School. Barely 5% expressed similar optimism in the first quarter of 2009. It was the first time in almost two years that the proportion of respondents expressing optimism in the U.S. economy increased quarter to quarter. Recent government actions and the new administration, improving economic indicators and the availability of credit were cited as causes for optimism in open-ended comments by respondents. You have to keep in mind that we were probably at rock bottom in terms of CFOs' optimism a quarter ago, Tom Foard, CFO of Publishers Circulation Fulfillment Inc. in Towson, Md., told the JofA during the AICPA National CFO Conference in May. think you're seeing renewed optimism that we are going to come out of this and that the stimulus plan and the TARP program are going to work. [Regarding timing of recovery] I think we're looking at the middle of 2010. While more than half of respondents (53%) had a or outlook for the economy in the second quarter of 2009, overall pessimism was down from 83% in the first quarter. The percentage of respondents who were very pessimistic fell even more sharply--from nearly 21% in the first quarter to 7% in the second quarter. [Managers] have optimism for the economy as a whole, but I think they're cautiously optimistic. I would expect we'll see a quarter or two before firms begin to increase employment, increase spending, increase investment, said Mark Lang, professor of accounting at the University of North Carolina's Kenan-Flagler Business School. They will need to be a little bit more certain that this is actually a bottom before they actually proceed. The survey, conducted between April 22 and May 5, included responses from 995 CPAs. Fifty-nine percent were CFOs, 30% were controllers, and 4% were CEOs or COOs. Sixty-five percent of respondents work for privately owned entities, 14% for public companies, 12% for government, education and associations, and 6% for foreign-owned companies. …

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.003
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMeta-epidemiology (narrow)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.211
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0030.000
Meta-epidemiology (narrow)0.0010.001
Meta-epidemiology (broad)0.0020.001
Bibliometrics0.0020.000
Science and technology studies0.0000.000
Scholarly communication0.0000.004
Open science0.0020.000
Research integrity0.0000.002
Insufficient payload (model declined to judge)0.0010.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.015
GPT teacher head0.251
Teacher spread0.236 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2009
Admission routes1
Has abstractyes

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