Securitization has become prevalent in many countries, and has substantial impact on government monetary policy and fiscal policy which have not yet been adequately analyzed in the existing literature. This article develops optimal conditions for efficient securitization, identifies constraints...

There has been substantial activity and discussion in the public and private sectors about corporate accountability and disclosure. Many corporate transactions and disclosure statements are processed by lawyers, accountants, bankers and the SEC, and yet these documents and transactions remain...

There has been substantial activity and discussion in the public and private sectors about corporate accountability and disclosure. Many corporate transactions and disclosure statements are processed by lawyers, accountants, bankers and the SEC, and yet these documents and transactions remain...

In the US, Europe and Asia, illegal downloading of content and music has resulted in substantial losses in the entertainment and education industries. The issue involves various policy, technological and economic problems that have not yet been resolved. This article analyses online filesharing...

There has been substantial activity and discussion in the public and private sectors about corporate account ability and the quality of corporate disclosure. These issues have had substantial impact on many US companies, Japanese banks and European companies, particularly those that grew through...

This paper analyzes economic, legal, behavioral and public policy issues pertaining to the accounting for employee stock options. The paper explains: a) why employee stock options (ESOs) are superior to other forms of incentive compensation; b) why ESOs in their present form, are inefficient;...

Purpose: The purposes of this article are: (a) to evaluate and critique models of bankruptcy/recovery risk; and (b) to identify relevant elements of bankruptcy prediction and recovery prediction models.Design/Methodology/Approach: The author critiques existing academic work on bankruptcy risk,...