7 Emerging economies with rapidly growing population and energy demand, own some of the most 8 expensive power plants in the world. We hypothesized that corruption has a relationship with the 9 capital cost of power plants in developing countries such as Bangladesh. For this study, we analyzed 10 the capital cost of 61 operational and planned power plants in Bangladesh. Initial comparison study...

Tobin reasoned that firms should accumulate more capital when Q > 1 and should draw down their capital stock when Q < 1. That is, net investment in physical capital should depend on where Q is in relation to one. How would one measure Q in the data? Typically this is done by using the value of the stock market in the numerator and data on corporate net worth in the denominator – here net worth ...

Assuming a no arbitrage environment, this article analyses the role of the government in the context of company valuation when …rms follow di¤erent …nancial policies. For the two analyzed …nancial policies, the tax authority’s required returns and the value of tax payments are derived. Based on these results, we study the risk sharing e¤ects between equity owners and the government. It is shown...

The present study is an attempt to find the relationship between capital structure and value of firm and to find the significance of differences in capital structures of different companies – inter and intra industry. Two hypothesis were framed and tested. bivariate correlation technique was used to find the nature of relationship between (i) capital structure and cost of capital, (ii) cost of ...

For many assets and liabilities there exist deep and liquid markets so that the market value are readily observed. However, for non-hedgeable risks, the market value of liabilities must be estimated. The Draft Solvency II Directive suggests in article 75 that the valuation of technical provisions (for non hedgeable risks) shall be the sum of a best estimate and a market value margin measuring t...

The purpose of this paper is to analyze the effects of transportation and mobility costs on the mobility of workers and the overall population between old and new capital cities. First of all, mobility costs clearly have a negative effect on utility; higher commuting costs could lead to the spatial dispersion of workers. In addition, if the monthly commuting cost exceeds 1290 USD between Seoul ...

This paper tests whether the 2003 dividend tax cut—one of the largest reforms ever to a US capital tax rate—stimulated corporate investment and increased labor earnings, using a quasi-experimental design and US corporate tax returns from years 1996–2008. I estimate that the tax cut caused zero change in corporate investment and employee compensation. Economically, the statistical precision chal...

Society’s memory used to be stored on paper, which survives benign neglect well. It is now stored on digital media, which are less tolerant. A Blue Ribbon panel [2] has identified the economic sustainability of digital archives as a major problem. Economic threats are likely to be highly correlated among different archives, limiting the effectiveness of replicating data across archives. The lif...

This paper presents a systematic methodology for implementing an integrated Activity-Based Costing and Economic Value Added system in small manufacturing companies. In this case study, the actual implementation of this system in a small manufacturing company is presented in a step-by-step manner. This methodology begins by analyzing the company’s income and balance sheet statements. Supporting ...