Although theoretically necessary, social capital is not considered within the process of asset allocation for private investors. Both the lack of appropriate practical valuation concepts and the effort of providing and processing the required information as input for a valuation were obstacles to include social capital in this process. However, first theoretical financial models for the evaluat...

GASB 34 Compliance Using GIS and Asset Management Systems Track: State and Local Government Author(s): Brian Long, Brent Wilson GASB 34 requires state and local governments to establish a mechanism that reports infrastructure value, depreciation, and management practices. This paper illustrates the use of GIS in this accounting process. GIS processes include asset inventory and valuation models...

capital asset pricing model (capm) has been among the common models to estimate expected returns rate. since the linearity assumption is considered in the standard version of the capital asset pricing model, estimating beta in nonlinear setting will be inconsistent and bias-oriented. therefore, this study tries to evaluate predictive power of nonlinear capital asset pricing model as well as sta...

Information security risk management is a fundamental process conducted for the purpose of securing information assets in an organization. It usually involves asset identification and valuation, threat analysis, risk analysis and implementation of countermeasures. A correct asset valuation is a basis for accurate risk analysis, but there is a lack of works describing the valuation process with ...

xiv Introduction 1 0.1 Changes in the Regulatory Environment . . . . . . . . . . . . . . . . 1 0.2 Thesis Outline . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 1 GUARANTEES UNDER UNITISED WITH-PROFITS POLICIES 9 1.1 Operation of UWP Polices . . . . . . . . . . . . . . . . . . . . . . . . 9 1.2 Reserving Approaches . . . . . . . . . . . . . . . . . . . . . . . . . . 11 1.2.1 Li...

All companies deal with valuation from time to time. Capital budgeting, company and asset valuation, or value based management rely on valuation. Two approaches are the foundation of valuation, discounted cash flow valuation and relative valuation. The first one is a bottom-up approach where the present value of an asset’s future cash flows is calculated, the second determines the value of an a...

A main issue in valuation modeling is the correct choice of the stochastic process that better describes the asset price performance. Particularly, in investment projects that show a high level of managerial flexibility in conditions of uncertainty – for which it would be proposed the real option valuation models – the assumption of a specific process can have an impact not only on the project ...