Presents a discussion of liquidity‐based financial crisis. An example is used to illustrate the application of a conceptual model in dealing with this kind of crisis. Concludes that systemic planning based on the ideas put forward can help managers better prepare for financial crisis.

Recounts how medieval English Jewry began when Jews were invited to immigrate by William I and ended with their expulsion by Edward I in 1290. The Jewish community was important and for most of its existence it was prosperous, owing to its particular social function – being the bankers,...

Describes how most studies of capital budgeting are based on financial theory. The development of very sophisticated analytical techniques has gained much popularity among managers as a result of their complexity, and low receptivity of the organizational context. Moreover, the process by which...

The use of discounted cashflow (DCF) techniques to evaluate major investment proposals is now commonplace. What is less generally known is that DCF analysis becomes unreliable when used to solve several common problems including the treatment of risk, real options, synergy and intangible assets....

Ethics – both within philosophy and in the new disciplines of “applied ethics” and “business ethics” – is a vogue subject these days and, as such, calls for a few cautionary words. The resurgence of ethics has engendered two main schools of criticism: one which sees it as a passing...