Corporate misconduct is a huge and widespread problem in the economy. Many companies make mistakes that result in them having to pay penalties or compensation to other businesses. Some of these cases are so serious that they take a toll on a company’s financial condition. The purpose of this...

Generalizes existing models of credit markets under asymmetric information. The general model accommodates the adverse selection arguments of Stiglitz and Weiss and the favourable selection arguments of de Meza and Webb, and contains their models as special cases. Market equilibrium may exhibit...

This paper examines the impact of natural events and disasters in Australia on Australian stock market returns. The data set employed consists of daily price and accumulation (including dividends and changes in capitalisation) returns from 1 January 1980 to 30 June 2003 and the complete timing...

The objective of the present empirical study is to show, through a confirmatory factor analytic approach, that it is possible to obtain a complete, yet parsimonious, financial characterisation of a manufacturing SME through a limited number of essential indicators. An a priori classification...

The impact of conservative accounting in residual income valuation (RIV) and abnormal earnings growth (AEG) valuation modeling is investigated in this paper. Unconstrained and two types of constrained model specifications are evaluated regarding their ability to withstand biases in book values...

In recent years, users' information needs have changed, and forward-looking information has become of great importance, as it has been highlighted in many international and national reports. Nonetheless, Spanish regulations are not very specific in this respect, since although it is required to...

The ultimate outcome of a public or a private investment is determined by the financial, economic, managerial and political parameters associated with the project. A financial or economic net present value (NPV) calculated on a few sets of input variables tells one very little about the...

It has been few decades since the measures were taken to rehabilitate the forest after logging in peninsular Malaysia. Enrichment planting is one of the potential rehabilitation measures. The technical issues like line planting technique, spacing, species-site matching are crucially related to...

The present study presents a review of works that carried out financial analysis of integrated systems, with an emphasis on SAFs. The study was motivated by the realization that the potential of integrated systems, as an efficient alternative to large-scale cultivation systems, is an issue that...

The present study presents a review of works that carried out financial analysis of integrated systems, with an emphasis on SAFs. The study was motivated by the realization that the potential of integrated systems, as an efficient alternative to large-scale cultivation systems, is an issue that...