Traditional inventory models focus on operational decisions. In this research, we propose a general framework for incorporating financial states of an organization in multi-period inventory models with lost sales. This approach differs from the traditional ones in that operational decisions are correlated with and constrained by financial flows of the firm. We study the borrowing and and lendin...

The integration of activity-based costing (ABC) and environmental cost accounting (ECA) systems provides companies with more accurate information to make both well-rounded and effective decisions. The purpose of this study is to propose an effective approach to integrate both ABC and ECA systems. A case study analysing process is used to compare the traditional accounting system and the ABC sys...

In this research, we use a qualitative approach to study the efficiency and effectiveness of a new animation which is designed to represent critical financial ratios. We find that subjects perceive color and trend easily through animation. Animation also provides a holistic view of firms’ operating activities, so subjects make more sense of the ratio data than traditional static representation:...

This paper examines how a country’s organization of its financial activities its financial structure affects how corporations invest and raise funds. We provide an analysis of how financial structure affects economic growth for a given degree of financial and economic development. Differences in the organization of financial activities are shown to affect the creation of new businesses as well ...

We examine micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm’s innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm-specific financial constraints. We find that fin...

Traditional financial planning procedures began from taking into account the planner’s initial financial situation, his/her financial goals, and expectations for the future, etc. and then calculating the future cash flows for different time periods under variant scenarios. If the planning result cannot meet the planner’s expectation, then the planner has to adjust the tunable parameters continu...

Financial Economics researches have become active since 1950’s and many prominent theories regarding asset pricing and corporate finance have been proposed (Markowitz, 1952; Modigliani, Miller, 1958; Sharpe, 1964; Shleifer, 2000). The assumption of the efficiency of financial markets plays an important role in the literature in traditional financial theory and many research have been conducted ...