Global Depository Receipts (GDRs) have become a popular method for emerging markets companies (from India, Brazil, etc.) to access capital markets in more developed countries. However, there have been problems such as illiquidity of GDRs; embedded currency risk; inadequate or inaccurate...

Asset Management Corporation Of Nigeria (AMCON) was created in 2010 by statute enacted by the Nigerian Federal Assembly (with the approval of The Nigerian President) even though there was evidence that similar “Asset Management Corporations” (AMCs) in other countries had only a 33% change of...

Investment Decision Analysis using NPV has become the primary method of investment evaluation. However, NPV, Modified-IRR (MIRR) and related approaches are deeply flawed and are very sensitive to the time horizon, the signs of the periodic cash flows, and discount rates that exceed 100% or are...

“Restoring American Financial Stability Act” of 2010 (“RAFSA” or the Dodd-Frank Act”) was the first set of statutes in any country, that attempted to simultaneously address the Global Financial Crisis, the national securities law framework, the structure of the executive branch of the...

During 1990-2015, the global auditing/accounting industry experienced significant structural changes that have implications for Financial Stability, systemic risk and the proper functioning of capital markets. Some of the results included the collapses of stock prices and bond prices of firms...

Although the number of “legal” online filesharing networks has increased, Digital Piracy has become more pervasisve and affects several industries such as new/information, entertainment, education, sports, etc. The main objectives of this article are a) to develop pricing schemes (for...

This article: i) explains some drivers of both business value and real estate value of commercial retail real estate portfolios; ii) illustrates some principal-agent problems that arise from investment and control of operating companies by hedge funds and private equity funds

Multiple Listing Systems (MLS), Real Estate Website (REW) Laws, and Rent-Control and Rent-Stabilization statutes (RCRS) are un-constitutional and could have affected the transmission of monetary policy and fiscal policies, and the rapid changes in housing prices and housing demand which occurred...