While Indices, Index tracking funds and ETFs have grown in popularity during then last ten years, there are many structural problems inherent in Index calculation methodologies and the legal/economic structure of ETFs. These problems raise actionable issues of “Suitability” and “fraud”...

While Indices, Index tracking funds and ETFs have grown in popularity during then last ten years, there are many structural problems inherent in Index calculation methodologies and the legal/economic structure of ETFs. These problems raise actionable issues of “Suitability” and “fraud”...

This article analyzes several problems and psychological issues pertaining to the enforcement and efficiency of the US Goodwill and Intangibles accounting regulations (SFAS #141RR, Business Combinations, and SFAS #142, Accounting for Goodwill and Intangible Assets). These regulations are likely...

Investment returns are a core element of decisions in various “end-uses”. Investment returns are often calculated in different ways and over different horizons, and regardless of the method of computation, they often contain substantial Biases which distort results in the “end-uses”....

This article introduces and analyzes critical economic and public policy issues pertaining to antitrust, which are either not raised or not analyzed fully in current academic and practitioner literature. More specifically, the article introduces new models for detecting antitrust violations in...

Non-performing Loans (NPLs) have international ramifications because many banks operate in several countries and NPL-resolution related laws enacted in their home countries affect their foreign operations. While the management of Non-performing Loans (NPLs) remains a major problem around the...

Since 1990, there has been substantial debate in both the popular press and academic materials about earnings management by multinational companies and the capital markets (ie. microstructure; raising capital) effects of their rampant uses of Dividend-Equivalent Rights (“DERs”) and...

The nature and dynamics of Boards of Directors and the legal structure of corporations can have substantial effects on Enterprise Risk, International capital flows and trade; and Climate Finance. This article: i) critiques and compares the US, Nigerian, British/Commonwealth, Japanese, Brazilian,...

Having excessive numbers of shares outstanding is either common or prevalent among listed companies in emerging markets and especially in Central/Eastern European, African and Asian stock markets (i.e. where such companies usually have between two-times and twelve-times the average numbers of...

Investment Decision Analysis using NPV has become the primary method of investment evaluation. However, NPV, Modified-IRR (MIRR) and related approaches are deeply flawed and are very sensitive to the time horizon, the signs of the periodic cash flows, and discount rates that exceed 100% or are...