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Environmental Accounting : Where We Are Now, Where We Are Heading

by: shinta, 4 pages

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 ...

35 Present and Future Value of a Continuous Income Stream

by: shinta, 3 pages

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 ...

Understanding Economic Value Added

by: bizmana, 27 pages

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 ...

Does Financial Leverage Influence Investment Decisions? The Case Of Mauritian Firms

by: shinta, 12 pages

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 ...

A political economy theory of the soft budget constraint

by: shinta, 13 pages

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 ...

A Political Economy Theory of the Soft Budget Constraint (Preliminary $ comments appreciated)

by: shinta, 29 pages

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, ...

The effect of corporate taxes on investment and entrepreneurship

by: shinta, 65 pages

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 ...

ECONOMIC EFFECTS OF INCOME-TAX LAW ON INVESTMENT IN AUSTRALIAN AGRICULTURE: WITH PARTICULAR REFERENCE TO MANAGED INVESTMENT SCHEMES AND DIVISION 35 OF THE INCOME TAX ACT

by: shinta, 26 pages

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 ...

The impact of leverage on firm investment: Canadian evidence

by: shinta, 15 pages

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 ...

Animal Spirits or Complex Adaptive Dynamics?

by: shinta, 11 pages

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 ...

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