Craft tourism is a new and very popular form of tourism under which the participants travel to seminars and craft schools often in the remote rural areas. In North America the interests in the craft tourism is presently very high. The paper discerns two types of the craft tourists: (1) people...

The vast majority of grey marketing cases are not discovered until the matter is brought before courts of law or arbitrage tribunal. Because of this, it is hard to build the dynamics of an average case and draw conclusions on the phenomenon in general. This paper observes a real life grey...

Using archival data, this paper presents the results of analyzing a sample of twelve primarily oil and gas, western Canadian energy firms and their use of financial derivatives to manage commodity price risk. The firms range in size from small to large based on total assets. All twelve companies...

This paper deals with project finance restructuring in the view of future or present financial distress. We treat the occurrences of negative cash flow and negative NPV as signs of potential project distress. The solutions offered for negative cash flow are (1) restructuring debt thereby making...

This paper presents a statistical analysis confirming the former empirical findings that positive differences between the growth rates of P-Score and Z-score appears in financial statement data of companies involved in major financial fraud. The paper examines firms that engaged in fraud in the...

This paper identifies several approaches to detection of manipulation in financial statements and creates a combined practical approach, which uses each of the existing algorithms in the complement manner to the others. It also introduces new P-Score formula, which in conjunction with Altman...

Standard earnings management detection is performed using two routes: real earnings management (connected with inventory and expenses manipulations) and accrual earnings management (connected with revenue and accounts receivables manipulations). Neither of the two detection algorithms attempts...