Determination of structure and correct calculation of a company’s capital value is an essential; theoretical and practical problem for corporate finance. The proportion between the company’s equity and borrowed capital determines the risk and profitability of the company and, consequently,...

The objective of fight against poverty was at the origin of the creation of the institutions of microfinance (IMF) which thus drained public financings and created strong waitings, as well for their customers as at the macro-economic level. Today, certain authors underline the limits of the...

According to Katz [6] some of the basic notions of probability existed in ancient civilizations. In The Talmud and in Roman calculations of annuities there is some evidence of this. However, no record of numerical probability calculations exists. Hald [5], Bernstein [1] and Katz [6] agree that...

“Okun’s Law” states a 3:1 proportion between percent growth in U. S. real GNP and percent decrease in the rate of unemployment. This paper argues that this ratio is actually a Pi:1 proportion, heretofore unrecognized because it is displayed through a form of mathematic / harmonic inverse....

In Albers & Albers (Spring, 2013) we demonstrated that the historic development of U.S. real GNP, 1869-present, may be structured in recurring 14-year periods. A steady-state rate of growth of 3.4969% is thereby calculated, generating an increase in real GNP proportional to the famous “Golden...

This book approaches the elementary statistical concepts. It presents also some statistical methods of collecting and analysis of data.

This study aims at estimating and comparing the determinants of expenditure behaviour of visitors in two types of museums. An ad-hoc survey was conducted between June and September 2011 among the visitors of the principal museums of the two provinces of Bolzano and Trento: the South Tyrol Museum...

A comparison of the 2007-08 crisis with that of 1929 showed its extreme gravity, but it also may have implied that the old harmful mistakes would not be repeated. After four years, the crisis has not been solved and it even threatens to worsen. Neo-conservative Republicans claim that this is...

In spite of the analysis of sophisticated developments and their effects in the agricultural sector, measuring composite index of agricultural development depending upon main statistical indicators in the determination of the level of agricultural sector developments is one of the important...

The problem that assets of a fund are not suffi cient to cover its liabilities is of extreme importance both for its members as well as for fund managers. We show that this problem can be solved via total claims distributions and give answers to the following questions: How much money will be...