The aim of this paper is to investigate the relationship between Equity Market Value (EMV) and measures of creation value of the performance evaluation (Shareholder Value Added (SVA) and Created Shareholder Value (CSV)) in Tehran Stock Exchange. Thus this paper examined the creation value in Iranian Companies by Alfred Rappaport model and to assess the relationship, liner regression tests w...

This paper presents a new structural framework for multidimensional default risk. We define the time of default as the first time the log-return of the stock price of a firm jumps below a (possibly nonconstant) default level. When stock prices are exponential Lévy, this framework is equivalent to a reduced form approach, where the intensity process is parametrized by a Lévy measure. The depende...

This paper describes an O(n log n) algorithm for 2nding the optimal location of a tree shaped facility of a speci2ed size in a tree network with n nodes, using the centdian criterion: a convex combination of the weighted average distance and the maximum weighted distance from the facility to the demand points (nodes of the tree). These optimization criteria introduced by Halpern, combine the we...

background: households’ financial protection against health payments and expenditures and equity in utilization of health care services are of the most important tasks of governments. this study aims to measuring equity in household’s health care payments according to fairness in financial contribution (ffc) and kakwani indices in tehran-iran, 2013. methods: this cross-sectional study was condu...

We report the results from a questionnaire-type experiment designed to elicit whether individuals decide in accordance with the equity axiom constituent for Rawls’s second principle. The experiment is sequential in nature. Hence it generates data with panel data properties. We use recently developed panel data methods for studying the role that state dependence and unobservable individual-speci...

This paper presents an empirical analysis of whether independent and dependent private equity investors affect the underpricing of firms which went public on the Nouveau Marché and on the Neuer Markt between 1997 and 2000. In the sample of the Neuer Markt, the involvement of private equity investors reduces the underpricing of the firms' shares only if private equity investors sell a part of th...

Economists have confined the concept of ‘sustainability’ to intertemporal distributional equity. We propose a broader definition, combining dynamic efficiency and intergenerational equity, and relate it to two concepts from neoclassical economics: potential Pareto-improvements and inter-personal compensation.  2003 Elsevier Science B.V. All rights reserved.