in management accounting information systems, managers use accounting information systems to be able to predict or have the data structured by the use of decision support systems and business intelligence. so, the use of management accounting information systems is necessary in management decision-making process based on decision support and business intelligence. this paper reviews the liter...

One of the present phenomena that virtually explain weaknesses in financial systems of different countries is financial repression. Financial repression encompasses the different interferences of governments in financial markets through determining the ceiling interest on bank deposits, high rates of legal reserves, and the government’s interference in distribution of bank credits,which prevent...

Long-term Financial Planning Abstract: In this paper we develop a modeling framework that incorporates behavioral aspects for an individual planner’s consumption, saving and investment decisions for long-term financial planning. The observed behavioral aspects in preferences, such as, hyperbolic time preference, loss aversion, asymmetric perception of uncertainty, dynamically-shifting reference...

effects of dividend policy on corporate financial growth, is a major concern of most entities. whether dividends have an influence on the value of the firm, is an important question in dividend policy. this study aimed at investigating the effects of dividend policy on financial growth of media firms. the study was conducted in nairobi at the nation media group headquarters. respondents were se...

PURPOSE OF THIS STUDY Basic pension fund in China began investing in the capital market recently. This master’s thesis describes pension investments’ impact on the development of China’s capital market. Based on existing literature, it is shown that if the pension investment has a positive effect on the capital market, capital market development will enhance overall economic development, and it...

We examine investment behavior when firms face costs in the access to external funds. We find that despite the existence of liquidity constraints, standard investment regressions predict that cash flow is an important determinant of investment only if one ignores q. Conversely, we also obtain significant cash flow effects even in the absence of financial frictions. These findings provide suppor...

For many, derivatives are often associated with infamous financial events and scandals resulting from highly leveraged and speculative use of derivative financial instruments. The most common use of these instruments is, however, in the often quiet area of risk management rather than the charged atmosphere of high stakes betting. At the most basic level, a derivative is simply a financial instr...