In October 1732, the cashier and the banker of the Charitable Corporation absconded to France, having embezzled "more than half a million of money".' This fraudulent diversion of funds intended to provide employment and relief for the poor caused uproar, but it was not an isolated incident. Three other statutory bodies-the South Sea Company, the York Buildings Company, and the Derwentwater Trus...

Purpose: The aim of this paper is to address a company valuation procedure by explaining the steps that must be followed from an economic-fi nancial perspective.Design methodology: We employ study case methodology fulfi ll all stages. Specifi cally, we analyze Peruvian cement “Cementos Pacasmayo”. A 10-year discounted cash fl ow (DCF) presented and brought present value using discount rate (WAC...

Simultaneously to the society’s perpetual development, economic activity acquires a more and complex character. Besides quality factor, doubled by price time factor becomes important. Thus, retail which also includes, besides rich assortments good prices, related services, like transport or mounting ones, soughtafter. A role model retailer in Do-It-Yourself field, with constant increase last de...

0957-4174/$ see front matter 2011 Elsevier Ltd. A doi:10.1016/j.eswa.2011.07.024 ⇑ Corresponding author. Tel.: +90 384 2281110; fax E-mail addresses: [email protected], nyalcin For manufacturing industries, financial performance evaluation is very important in a highly competitive environment. Therefore, an accurate and appropriate performance evaluation is critical. As financial performa...

Restructuring  is relevant for companies that have free capital and need to expand for development purposes, as well as for companies that have relatively large problems with financial results and the relevant indicators indicate the necessary changes. Motives of the restructuring may be different, the authors put forward the following reasons: operation operational synergy, financial synergy, ...

Conspicuous consumption and its accompanying debt played a critical role in crippling global financial markets in 2008. Although a confluence of factors contribute to hyper-consumerism, the authors explore the potential role of two psychological forces—the desire to combat self-threats through compensatory consumption and the relatively pain-free experience of consuming on credit—that may have ...

‘‘If a tree falls in the forest and no one is around to hear it, does it make a sound?’’ and, paraphrasing the proverbial philosophy question, if a company has a strong CSR commitment but nobody recognizes it, does it produce any benefits? Business returns from corporate social responsibility (CSR) practices, such as customers loyalty and company reputation, depend heavily on how stakeholders p...