Availability of financial capital and location decisions are variables that influence regional manufacturing output. This study maintains that a region's manufacturing growth depends upon the region's firm-type dominance. That is, the type of firms that dominate the region's manufacturing output...

This study presents a very realistic objective of the firm, which is consistent with organizational behavior. It is being proposed that: The firm sets as its objective the control of the optimum amount of financial capital at the minimum cost to the firm. As evidenced by the large portfolios of...

Historically, informed of economic agents via price stability has been a rationale for the money supply rule derived from the Quantity Theory of Money. Since monetarists maintain that changes in the price level are attributable to the level of the money supply, the general price level index is...

Historically, generalization about economic fluctuations in an economic system over extended periods of time has proved to be difficult. Yet, it has been even more difficult to generalize across economic systems. In a historical setting, there are many theories offered to explain the creation of...

There is general acceptance that information contained in security prices are relevant to different segments of the financial community. Given the most appropriate methodology, each segment attempts to extract the information relevant to its decision. This paper posits that the net present value...

While economies in transition are not devoid of monetary policy, changes desired in the functioning of these economies may necessitate innovations to administer monetary policy consistent with newly established goals. Although some goals may essentially be the same (e.g., full employment or...

In its Conceptual Framework (CF), the Financial Accounting Standards Board (FASB) has not identified the observable phenomena and was not able to identify a single measurement property in financial accounting. While identifying aspects of the observable phenomena in financial accounting, the...

Over time, a changing environment has produced changes in the types of accounting information and in the dissemination of such information (financial reporting). Certain changes in the environment do impel changes in accounting. This paper examines various theoretical issues in accounting in a...

Some current research conclude that the numbers in financial statement are not relevant for three basic reasons. The numbers: (1) are not isomorphic with capital market values, (2) do not have a future orientation, and (3) are un-interpretable since they are based upon five different measurement...

Monetarists maintain that changes in the price level are attributable to the level of the money supply. Hence, price stability has been the rationale for the money supply rule derived from the Quantity Theory of Money. Consequently, to curb inflation, the general price level index is the lever...