The field of environmental accounting has made great strides in the past two decades, moving from a rather arcane endeavor to one tested in dozens of countries and well established ...
When an income stream flows into an investment, the investment grows be- cause of the continuous flows of money and the interest compounded on the money invested. Thus, two functions are ...
From a commercial standpoint, Economic Value Added (EVA™) is the most successful performance metric used by companies and their consultants. Although much of its popularity is a result of able ...
This paper primarily focuses on the impact of financial leverage on investment decisions of firms and it is an attempt to explore the impact of financial leverage on investment levels using ...
Why do soft budget constraints exist and persist? In this paper we argue that the prevalence of soft budget constraints can be best explained by the political desirability of softness. We ...
Why do soft budget constraints exist and persist? The central ar$ gument in the literature is that soft budget constraints arise because politicians cannot recognize bad projects ex ante, ...
We present new data on effective corporate income tax rates in 85 countries in 2004. The data come from a survey, conducted jointly with PricewaterhouseCoopers, of all taxes imposed on ...
The conceptual problems and practical effects of taxation on farmers are a familiar theme in discussions of Australian agricultural policy. This paper takes a different direction from ...
This study examines the impact of financial leverage on the firms’ investment decisions using information on Canadian publicly traded companies. It shows that leverage is negatively ...
In his epoch-making General Theory (1936), John Maynard Keynes noted that concerning investment decisions, “most, probably, of our decisions to do some- thing positive, the full ...