Purpose – Changes in financial reporting information were an important part of the British transition from feudalism to capitalism, with statements showing cash surpluses or deficits being gradually superseded by income statements and balance sheets. The existing literature does not...

Purpose – The purpose of the paper is to analyze how the choice of entity‐level investment criteria (net present value, or accounting rate of return) and negotiation terms (redistribution mechanisms for costs and assets) affect each entity's willingness to participate in supply chain...

Three trends are shaping our personal and business lives: information is coming at us at an accelerating rate; jobs are changing faster and faster; and society, work and even leisure pursuits are becoming more complex. The accelerating pace of information means that the individual needs to know...

Purpose – Finance theory proposes that consumers require information about the risk‐return trade‐off credibility information to relieve principal‐agent conflict concerns, and transaction cost information – for investment decisions. This paper aims to investigate whether or not such...

Purpose – The purpose of this paper is to provide a simple formula for determining a borrower's APR for mortgage loans after including the effects of mortgage interest tax deductions. Design/methodology/approach – This formula is derived by adjusting the APR provided by the lender for the...

Purpose – The purpose of this paper is to investigate the total number of mortgage default occurrence possibilities and monetary damage amounts to the sampled properties due to the excessive flooding caused by natural disasters. Mortgage default loss assessments due to natural catastrophic...

Purpose – This study sets out to investigate the pattern of benefits from education along the earnings distribution and compares this pattern between general and vocational/technical education in Singapore, with a particular focus on male‐female differences. Design/methodology/approach –...

Purpose – The main objective of this paper is to analyse the link between human capital depreciation and the educational level of Spanish salaried workers. Design/methodology/approach – Wage equations are estimated by sector and occupation, following the empirical framework proposed by...

This paper addresses a theoretical weakness inherent in the typical application of the net present value approach to investment appraisal. This weakness concerns the assumption that the estimated cash flows occur at the end of each period rather than the more realistic assumption of occurring on...

The purpose of this research is to determine whether the trading of equity index futures contracts on the South African Futures Exchange (SAFEX) results in an increase in the volatility of the underlying spot indices. Since equity index futures contracts were first listed in the USA in 1975,...