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drought is transient phenomenon , slow , repetitive and integral part of the climate of each region. drought begins with a substantial reduction in precipitation over the long-term average rainfall and over time, reduced soil moisture and surface and ground water resources will continue to decrease. this phenomenon is the most important in bakhtegan basin because of its importance in strategic ...
The Time Value of Money is a important concept in Financial Management. The Time Value of Money includes the concepts of future value and discounted value or present value. In the present article, the basic notions and illustrate with their application in the field of investment which is presented in the mathematical terms in form of theorems and we also presented the applications of some well ...
abstract a fundamental study of “historio-graphic metafiction” and “literary genres”, as introduced in “new historical philosophy”, and tracing them in the works of julian barnes having studied the two novels, the porcupine and arthur & george, by julian barnes, the researcher has applied linda hutcheon’s historio-graphic metafictional theories to them. the thesis is divided into five cha...
abstract: in the paper of black and scholes (1973) a closed form solution for the price of a european option is derived . as extension to the black and scholes model with constant volatility, option pricing model with time varying volatility have been suggested within the frame work of generalized autoregressive conditional heteroskedasticity (garch) . these processes can explain a number of em...
For many individuals, their financial security during retirement depends on the financial decisions they make in their defined contribution (DC) plans today. Yet despite the importance of these investment decisions, growing research shows that individuals tend to make choices based on the “path of least resistance” (Choi, Laibson, Madrian and Metrick, 2002). The downside of this behavior is tha...
Introduction: Globalization, new pattern of global economy growth, weakness of welfare state along with cultural and thinking processes such as criticism regarding political economic system challenge prevailing economic development pattern, eradication of poverty and social welfare. This challenge resulted in proposing of rural social approach with emphasize on community based development p...
Proponents of compensation plans based on economic profits argue that these plans control for deficiencies in stock-based or earnings-based bonus plans and thereby better align managers’ and shareholders’ interests. We examine whether compensation plans based on economic profits do in fact produce better investment decisions. We use a sample of 51 firms adopting economic profit plans between 19...
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