For many years accounting was based on historical data while finance was based on expected future data. This difference creates a gap between accounting and finance regarding issues like the values of assets held by companies and liabilities, including equity, issued by them. IFRS in general and...

We hypothesize that supply and demand shifts occurred in the US venture capital (VC) industry during 1980 to 2002 and present the results of an empirical study about the temporal characteristics of the industry during that period. Our main conclusion is that the VC industry has gone under...

The comparative advantage of a country is determined by its factor intensity. In many cases factors of production can be accumulated over time and thus effect a change in the comparative advantage of a given country. The changes in the accumulation of factors can be a policy decision, or it can...