Manipulations with the financial statements have become a common element of the corporate financial life. As such, Enron's failure in 2001 represents the biggest business bankruptcy ever while also spotlighting the inefficiency of detecting financial fraud in the early stages. Particularly, the...

The credit crisis erupted in August 2007, with the failure of two Bear Stearns hedge funds, was a warning sign of what would follow. However, most firms did not take advantage of those signals to correct their weaknesses, and remained impassive to the new economic reality. Indeed, Lehman...

While financial institutions exploit globalization in the banking system, a natural byproduct of this expansion, the increased risk, affects the internal and external environment of banks and enhances banking probability of failure. This happens because of the fact that every operational...

Pricing different types of derivative contracts to minimize risk is a significant step for business sustainability. Whaley (2006) refers that for the European Puts and Calls, known as vanilla options, there is a closed form solution that delivers the 'fair' price of the option with respect to...

It is said that nothing in this world is certain except for death and taxes. For those with clever accountants, however, the latter can be kept to a minimum. Particularly, companies seek to minimize their tax liability through "tax planning", adopting deductions, rebates, exemptions and other...

Financial distress is a hot topic these days in finance and the project's health is very important for investors as well as management. Investors posit money in those projects which are financially healthy as the risk of default is minimized for them, while management must be able to identify...

The decision of optimum location in the construction of a logistics (warehouse & distribution) center (or similar facilities) is frequently encountered in the business environment. On a purely logistical level (assuming minimal internal political considerations), this decision must take into...

This paper brings together the fields of accounting education and accounting profession in Greece during the global financial crisis. The purpose of this study is to understand the role of accounting education in the efforts made to consider certain changes in the accounting curriculum with the...

The recent financial crisis in Greece and other Western economies combined with the conduct of serious malpractices in the finance sector, brought into light long time unresolved systemic issues. These facts undoubtedly contributed to massive unemployment, high poverty rate, crime and other...

The decision of an optimum project portfolio selection in the area of project management, is frequently encountered in the business environment. On a purely organizational level (assuming minimal internal political considerations), this decision must take into account the uncertainties in the...