Abstract U.S. firms have reduced their investment in scientific research ("R") compared to product development ("D"), raising questions about the returns to each type of investment, and about the reasons for this shift. We use Census data that disaggregates "R" from "D" to study how US firms...

The purpose of writing this book is to help the research associates and students of the accounting profession to understand the accounting concepts in a simple way. Moreover, the modern accounting topics have been covered which will equip the students with the accounting knowledge. The other...

A striking and unexpected feature of the financial crisis has been the sharp appreciation of the US dollar against virtually all currencies globally. The paper finds that negative US-specific macroeconomic shocks during the crisis have triggered a significant strengthening of the US dollar,...