The book primarily is about financial management and, as its title implies, real options are an integral, subsidiary theme. Real options are opportunities available to management permitting them to adapt the enterprise to changing needs. Understanding the value of real options is essential to corporate financial management. Examples in several chapters demonstrate why failure to assess the va…
Anyone who has read a newspaper or watched the evening news in recent years is well aware that fraudulent financial reporting by big businesses has reached alarming levels. Equally startling is the frequency of fraudulent financial reporting by small businesses—as many bankers and government agencies will confirm—and even by non–business entities such as not-for- profit organizations.
Architects and other designers inhabit a curious borderland between the virtual and the physical. They have always been concerned with conjuring up things that don’t exist but might, imagining them in detail, and eventually finding ways to translate these visions into physical reality. Over the last half-century, computer-generated virtual worlds have played an increasingly crucial role i…
R is a language and environment for data analysis and graphics. It may be considered an implementation of S, an award-winning language initially developed at Bell Laboratories since the late 1970s. The R project was initiated by Robert Gentleman and Ross Ihaka at the University of Auckland, New Zealand, in the early 1990s, and has been developed by an international team since mid-1997. Histori…
When comparing the penetration of e-procurement in large and medium Companies were found significant discrepancies. So have great Company e.Procurement almost invariably a successful, while only each fifth midsize businesses eProcurement uses. Nevertheless, in medium-sized Company savings potential available, the use of e-procurement by the can be realized. It follows a recognizable need f…
Managing Human Resources in Europe provides an analysis of the most important themes in European human resource management (HRM) written by leading authorities based all over Europe. Unrivalled by any other text it provides a thematic approach with distinctive country examples in each chapter and is characterized by a critical approach with special attention given to dilemmas, controversies, pa…
The term digital refers to digits or numbers; however, in the computer science lexicon, this term refers to the representation of the information in 0s and 1s, which can be read, written and stored using machines. The prefix “e” refers to electronic, meaning the use of electricity in powering machines such as computers. Digital accounting, or e-ac- counting, as a corresponding analog, refer…
National and global macro econometric modelling has had a long and venerable history in the UK, with important implications for macroeconomic policy in general and monetary policy in particular. It is an activity that involves sustained research input of several investigators with a variety of skills. The present work is not an exception and its completion has required the enthusiasm and commit…
Stochastic Methods in Economics and Finance introduces the reader to certain mathematical techniques by presenting both their theoretical elements and their applications. Topics such as martingale methods, stochastic processes, optimal stopping, the modeling of uncertainty using a Wiener process, Ito's lemma as a tool of stochastic calculus, basic facts about stochastic differential equations…
Growth performance in developing economies has recently been quite impressive. In parallel, fiscal health has improved. These factors are driving public and private spending capacity in these economies. This chapter attempts at estimating and projecting (1) public procurement outlays devoted to machinery and equipment in these economies; and (2) importations arising from these outlays. Res…
The Air Force is in the process of significantly changing the way it purchases goods and services, with the goals of reducing costs and increasing performance to better support its missions. During spring 2002, SAF/AQC developed a Procurement Transformation Strategy that outlines a roadmap for changing the Air Force’s procurement policies, processes, personnel, and related technologies t…
The most imperative challenge facing a number of managers in recent years has been to regain lost market share and secure new competitive advantages. The impetus for this trend continues to be the ubiquitous tendency toward globalization and the ensuing intensification of international competition. Customer orientation, lean management and re-engineering are the buzzwords that characterize …
In this paper I advocate and illustrate a new approach to the study of accounting measurement and disclosure that is strikingly different from the usual studies of disclosure in pure exchange economies. This new approach studies the “real effects” of accounting disclosure, arguing that how accountants measure and report firms’ economic transactions, earnings and cash flows to capital ma…
This book provides a detailed treatment of micro econometric analysis, the analysis of individual-level data on the economic behavior of individuals or firms. This type of analysis usually entails applying regression methods to cross-section and panel data. The book aims at providing the practitioner with a comprehensive coverage of statistical methods and their application in modern applied m…
The essays in this book have been collected and are presented here in the belief that ethical issues in accounting merit much more profound exploration and analysis than they have received so far in the United Kingdom.