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Mission Statement
TechRepublic's ITPapers is the Web's largest library of free technical IT white papers, webcasts, and case studies. Covering IT categories including Data Management, IT Management, Networking, Communications, Enterprise Applications, Storage, Security and much more, TechRepublic's White Paper Directory is the best source for technical white papers and IT information.
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White Papers
Investment And Financing Constraints In China: Does Working Capital Management Make A Difference?
Dec 2010
The authors use a panel of over 120,000 Chinese firms of different ownership types over the period 2000-2007 to analyze the linkages between investment in fixed and working capital and financing...
Provided by University of Glasgow
-
White Papers
Bond Supply And Excess Bond Returns
Apr 2008
The authors examine empirically how the maturity structure of government debt affects bond yields and excess returns. The analysis is based on a theoretical model of preferred habitat in which...
Provided by Harvard Business School
-
White Papers
Price Dispersion In OTC Markets: A New Measure Of Liquidity
May 2008
In this paper, the authors model price dispersion effects in Over-The-Counter (OTC) markets to show that in the presence of inventory risk for dealers and search costs for investors, traded prices...
Provided by New York University
-
Podcasts
Forecasting Cloud Computing: Opportunities For Banking
Jan 2011
Cloud computing can cut costs; increase efficiency and help banks achieve competitive differentiation. In this podcast, Accenture's author outlines opportunities for banks that use cloud...
Provided by Accenture
-
White Papers
From Profit Mystery To Profit Mastery: Hidden Costs = Profits Lost
Oct 2010
It would be unusual to see a profit and loss statement with an expense category called "Hidden costs," but any company that carries inventory or accounts receivable should know that these costs...
Provided by Vistage International
-
White Papers
Public Budget Composition, Fiscal(De)Centralization, And Welfare
Jul 2007
The authors present a dynamic two-region model with overlapping generations. There are two types of productive public expenditure, education and infrastructure funding, and governments decide...
Provided by University of Konstanz
-
White Papers
On The Difficulty Of Measuring Forecasting Skill In Financial Markets
Aug 2010
The use of correlation between forecasts and actual returns is commonplace in the literature, often used as a measurement of investors' skill. A prominent application of this is the concept of the...
Provided by University of Cambridge
-
White Papers
Consumption, Social Capital, And The "Industrious Revolution" In Early Modern Germany
Oct 2009
This paper uses evidence from German-speaking central Europe to address open questions about the Consumer and Industrious Revolutions. Did they happen outside the early-developing, North Atlantic...
Provided by University of Cambridge
-
White Papers
Variable Selection And Inference For Multi-Period Forecasting Problems
Jan 2009
This paper conducts a broad-based comparison of iterated and direct multi step forecasting approaches applied to both univariate and multivariate models. Theoretical results and Monte Carlo...
Provided by University of Cambridge
-
White Papers
Budget Allocation For Permanent And Contingent Capacity Under Stochastic Demand
Apr 2010
The authors develop a model of budget allocation for permanent and contingent workforce under stochastic demand. The level of permanent capacity is determined at the beginning of the horizon and...
Provided by Technische Universiteit Eindhoven
-
White Papers
The Empowered CFO: The Emerging Role Of The Finance Office In Large Corporations
Mar 2008
There is a trend towards centralized, higher-profile finance functions with authority to monitor performance and liaise with business units at all levels. Finance departments are increasingly...
Provided by Economist Intelligence Unit
-
White Papers
Why Do Budgets Received By State Prosecutors Vary Across Districts In The United States?
Oct 2007
This paper examines the determinants of the budgets that the severely resource constrained state prosecutors of the United States receive from mostly the local governments. In doing so, this paper...
Provided by Indiana University
-
White Papers
Management Magnified: Sustainability And Corporate Growth
Nov 2009
As the link between sustainability and corporate growth is typically indirect and intangible, skeptics often dismiss initiatives in this area as window dressing. But in the survey conducted for...
Provided by Economist Intelligence Unit
-
White Papers
Late Budgets
Apr 2010
The budget forms the legal basis of government spending. If a budget is not in place at the beginning of the fiscal year, planning as well as current spending are jeopardized and government...
Provided by University of Copenhagen
-
White Papers
The Cross-Section Of Hurdle Rates For Capital Budgeting: An Empirical Analysis Of Survey Data
Feb 2011
Whereas Poterba and Summers (1995) find that firms use hurdle rates that are unrelated to their CAPM betas, Graham and Harvey (2001) find that 74% of their survey firms use the CAPM for capital...
Provided by National Bureau of Economic Research
-
White Papers
Fundamentalists Vs. Chartists: Learning And Predictor Choice Dynamics
Sep 2008
In a simple, forward looking univariate model of price determination the authors investigate the evolution of endogenous predictor choice dynamics in presence of two types of agents:...
Provided by University of Manchester
-
White Papers
Improving The Forecasting Of Dynamic Conditional Correlation: A Volatility Dependent Approach
Nov 2009
Forecasting volatility in a multivariate framework has received many contributions in the recent literature, but problems in estimation are still frequently encountered when dealing with a large...
Provided by Centre For North South Economic Research
-
White Papers
Soft Budgets And Renegotiations In Public-Private Partnerships
Aug 2009
Public-Private Partnerships (PPPs) are increasingly used to provide infrastructure services. Even though PPPs have the potential to increase efficiency and improve resource allocation, contract...
Provided by Yale University
-
White Papers
What Do We Know About Comparing Aggregate And Disaggregate Forecasts?
Mar 2009
This paper compares the performance of "Aggregate" and "Disaggregate" predictors in forecasting contemporaneously aggregated vector ARMA processes. An aggregate predictor is built by forecasting...
Provided by Universite Catholique de Louvain
-
White Papers
Budget Allocation And The Revealed Social Rate Of Time Preference For Health
Oct 2009
Appropriate decisions based on cost-effectiveness evaluations of health care technologies depend upon the cost-effectiveness threshold and its rate of growth as well as some social rate of time...
Provided by University of York
-
White Papers
Setting Targets For Government Budgets In The Pursuit Of Intergenerational Equit
Apr 2009
The Stability and Growth Pact (SGP) adopted in 1997 originally set budget balance as the Medium-Term Objective (MTO) for all EU Member States, to create a safety margin under the 3% of GDP deficit...
Provided by European Communities
-
White Papers
The Distribution Of Consumption-expenditure Budget Shares. Evidence From Italian Households
Sep 2008
This paper explores the statistical properties of Household consumption-expenditure Budget Shares Distributions (HBSDs) - defined as the share of household total expenditure spent for purchasing a...
Provided by Scuola Superiore Sant'Anna
-
White Papers
Capital Budgeting Vs. Market Timing: An Evaluation Using Demographics
Jul 2009
An ongoing debate sets capital budgeting against market timing. The primary difficulty in evaluating these theories is finding distinct exogenous proxies for investment opportunities and...
Provided by National Bureau of Economic Research
-
White Papers
Adaptive Forecasting Of Exchange Rates With Panel Data
Oct 2010
This paper investigates the statistical and economic implications of adaptive forecasting of exchange rates with panel data and alternative predictors. The candidate exchange rate predictors are...
Provided by University of Technology Sydney
-
White Papers
Booms, Busts, and Gambling: Can Gaming Revenues Reduce Budget Volatility?
May 2010
Over the past 20 years, state and provincial governments in North America have expanded legal gambling opportunities to consumers. One of the primary policy goals of this expansion of gambling...
Provided by College of the Holy Cross
-
White Papers
Budget Constrained Expenditure Multipliers
Feb 2010
The authors show that standard expenditure multipliers capture economy-wide effects of new government projects only when financing constraints are not binding. In actual policy making, however,...
Provided by Universitat Autonoma de Barcelona
-
White Papers
Real-time Nowcasting Of GDP: Factor Model Versus Professional Forecasters
Feb 2011
This paper performs a fully real-time nowcasting (forecasting) exercise of US real Gross Domestic Product (GDP) growth using Giannone, Reichlin and Small (2008) factor model framework which...
Provided by Munich Personal Repec Archive
-
White Papers
Elections And The Strategic Use Of Budget Deficits
Jul 2009
The authors present a model in which a conservative incumbent with preferences for low public spending can strategically run a budget deficit to prevent the left-wing opposition candidate from...
Provided by University of Melbourne
-
White Papers
Guidelines For The Preparation Of Budgets In Not-For-Profit Organizations
Sep 2010
In the absence of clear and acceptable measures for outcomes, the budget is probably the most important managerial tool for nonprofits. Nevertheless many nonprofits operate without a budget at...
Provided by Munich Personal Repec Archive
-
White Papers
The Accrual Anomaly: Exploring The Optimal Investment Hypothesis
May 2008
Interpreting accruals as working capital investment, the authors hypothesize that firms rationally adjust their investment to respond to discount rate changes. Consistent with the optimal...
Provided by National Bureau of Economic Research
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White Papers
A Best Evidence Synthesis On The Link Between Budgetary Participation And Managerial Performance
Feb 2010
By using the best evidence synthesis (Slavin, 1995), the authors want to find out an accurate synthesis on the Budgetary Participation -BP- and Managerial Performance-PM- link. The use of criteria...
Provided by Munich Personal Repec Archive
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White Papers
Efficient Committed Budget For Implementing Target Audit Probability For Many Inspectees
Jan 2011
Strategic models of auditor-inspectee interaction have neglected implementation details in multiple-inspectee settings. With multiple inspectees, the target audit probability derived from the...
Provided by Munich Personal Repec Archive
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White Papers
VAR Forecasting Using Bayesian Variable Selection
Mar 2010
This paper develops methods for automatic selection of variables in forecasting Bayesian Vector AutoRegressions (VARs) using the Gibbs sampler. In particular, the author provides computationally...
Provided by Munich Personal Repec Archive
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White Papers
The Role Of Regime Shifts In The Term Structure Of Interest Rates: Further Evidence From An Emerging Market
Nov 2009
In this paper, the authors investigate the interrelations among Turkish interest rates with different maturities by using a regime switching Vector Error Correction (VECM) Model. They find a long...
Provided by Munich Personal Repec Archive
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White Papers
Signal Extraction And Forecasting Of The UK Tourism Income Time Series. A Singular Spectrum Analysis Approach
Nov 2009
The authors present and apply the Singular Spectrum Analysis (SSA), a relatively new, non-parametric and data-driven method used for signal extraction (trends, seasonal and business cycle...
Provided by Munich Personal Repec Archive
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White Papers
Economic Forecasts With Bayesian Autoregressive Distributed Lag Model: Choosing Optimal Prior In Economic Downturn
Sep 2009
Bayesian inference requires an analyst to set priors. Setting the right prior is crucial for precise forecasts. This paper analyzes how optimal prior changes when an economy is hit by a recession....
Provided by Munich Personal Repec Archive
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White Papers
The Exact Insensitivity Of Market Budget Shares And The «Balancing Effect»
Jun 2007
The authors reformulate Grandmont's and its successors' notion of behavioral heterogeneity such as to get the exact insensitivity of the aggregate budget share function with respect to changes in...
Provided by Centre pour la Communication Scientifique Directe
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White Papers
Empirical Evidencies For The Budget Deficits Co-Integration In The Old European Union Members: Are There Any Interlinkages In Fiscal Policies?
Jan 2009
In the last years, the fiscal harmonization among the European Union members has become a pillar of economic integration and of fiscal and financial stability in the European area. The...
Provided by Munich Personal Repec Archive
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White Papers
Forecasting In Vector Autoregressions With Many Predictors
Mar 2010
This paper addresses the issue of improving the forecasting performance of Vector AutoRegressions (VARs) when the set of available predictors is inconveniently large to handle with methods and...
Provided by Munich Personal Repec Archive
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White Papers
The Methodological Steps In Management Accounting And Cost Calculation - A Comparative Analysis Between The Traditional Methods Used In Romania And The Activity-based Costing (abc) Method
Nov 2010
In this paper, the author discusses the methodological steps taken in the Romanian management accounting, according to the specifics of the ABC method. The author also makes a comparative analysis...
Provided by Munich Personal Repec Archive
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White Papers
Small Business Budget Understanding The Financial Structure Of A Venture
Oct 2008
Now is the perfect time to learn to budget for your small/home business. This paper gives a way to start a basic budgeting plan. Examine all income, financial statements, and review them...
Provided by Suite101
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White Papers
Small Business Budgeting - Financial Planning
Nov 2009
Business budgeting is important for maximizing profits and giving the company financial direction. The first step to creating a budget is the creation of the sales forecast. The forecast is an...
Provided by Suite101
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White Papers
Budgeting And Forecasting Financial Planning
Nov 2009
Many business professionals believe that creating a budget and forecast are a waste of time. The general consensus of these adversaries is that the future is impossible to predict, so why even...
Provided by Suite101
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White Papers
Financial Budgeting In Four Simple Steps: Free Budgeting Help
Apr 2009
As an entrepreneur, budgeting is an essential skill - no matter what kind of business being run, or how involved in day to day operations an entrepreneur is. Why? Because in order to know how much...
Provided by Suite101
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White Papers
How To Find Small Business Budgeting Software
Sep 2009
Business budgeting is a basic but essential process that allows businesses to attain many goals and keep track of expenses. How can business budgeting software help and is it really necessary for...
Provided by Suite101
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White Papers
The Purpose Of A Business Budget: Basic Budgeting And Planning Goals For Businesses
Jan 2008
Business budgeting is a basic and essential process that allows businesses to attain many goals in one course of action. There are several goals that many businesses seek to achieve (or should be...
Provided by Suite101
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White Papers
Business Finance: Basic Guide To Capital Budgeting
Jan 2010
There may be only a few projects that your company can undertake when they first start up. This is why budgeting your money in the most efficient way is so important. If you choose unprofitable or...
Provided by Gaebler Ventures
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White Papers
Budgeting For Small Businesses: Budgeting Mistakes
Jan 2010
Budgeting mistakes can be deadly. Wouldn't it be horrible if you did everything right to set your business on the path to success, but a few budgeting mistakes ultimately lead to your downfall?...
Provided by Gaebler Ventures
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White Papers
Creating A Budget For A Business
Jan 2010
This paper covers the fundamentals of business budgeting. If you are not creating a business budget, you may be impeding on your chances of owning a successful business. Business budgeting is an...
Provided by Gaebler Ventures
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White Papers
Budgeting To Increase Business Profit
Jan 2010
The answer is that simple. Businesses exist because they want to make profit. But it takes more for a business to just exist to actually make profit, let alone manage it. And usually, income and...
Provided by 1888articles.com
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White Papers
Calculating Costs: Budget Planning For Your Home Based Business
Jan 2010
One of the most important aspects of a work at home business plan is budget planning. In order to determine how much money you need to start and run your home business, you'll need to consider all...
Provided by Internet Brands
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White Papers
A Simple Budgeting System For Your New Home Business
Jan 2010
A simple budgeting system for your new home business will help you project and track of your cash flow. A basic budget for your business must list both income and expenses. When you start your...
Provided by Internet Brands
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White Papers
Improve Your Capital Budgeting Techniques
Jan 2010
Capital budgeting is not just a quantitative modeling exercise, however. The goal is creating a clear and simple picture of the benefits, costs, and risks associated with a possible business...
Provided by Microsoft
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White Papers
Budgeting and Forecasting - Best Practices
Feb 2008
One of the most serious challenges faced by financial professionals is that of providing accurate and reliable budgets and forecasts. Budgets in particular are key operational tools that provide...
Provided by Microsoft
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White Papers
How To Plan Your IT Budget
Jan 2010
Small business owners are accustomed to drawing up an annual budget for overhead and other operating expenses, but when it comes to IT planning the procedure is not always as straightforward....
Provided by Dun & Bradstreet
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White Papers
Preparing And Maintaining An Annual Budget
Jan 2010
Successful business owners don't simply prepare a budget and then put it on a shelf in their office; they use it frequently to manage their business and adjust it as necessary when conditions...
Provided by Dun & Bradstreet
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White Papers
Top Business Budgeting Mistakes
Jan 2010
Small businesses often skate by without a budget, or with one that's oversimplified or inaccurate. Next thing you know, the company is in a cash crisis or out of business. To create a solid budget...
Provided by Dun & Bradstreet
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White Papers
Financial Planning In A Volatile Economy
Nov 2009
You can't run a business without a plan. That means developing a realistic budget and a thorough understanding of current and future cash flow. But, how can you plan when it's tough to predict...
Provided by American Express
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White Papers
What Is Capital Budgeting, What Does That Have To Do With Your Business Investing?
Jan 2010
Capital budgeting is a process that is used to determine whether or not certain projects are worthwhile investments. Another term for capital budgeting is called an "Investment appraisal." Just as...
Provided by BusinessKnowledgeSource.com
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White Papers
Tips For Managing Budgets
Jan 2010
Managing a budget when you don't own a business is difficult. Owning a company and trying to manage a budget is also difficult but extremely important in the success of your business. Managing...
Provided by BusinessKnowledgeSource.com
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White Papers
What Is Capital Budgeting, And What Does It Have To Do With Your Business Investment?
Jan 2010
When a business is considering an investment or project, one of the first things it should do is capital budgeting. Capital budgeting uses a number of methods and formulas to determine whether or...
Provided by BusinessKnowledgeSource.com
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White Papers
How To Prepare A Master Budget
Jan 2010
If you are in business you probably know all too well that preparing a master budget can be a daunting yet extremely important task. The master budget is a comprehensive planning document that...
Provided by BusinessKnowledgeSource.com
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White Papers
Best Processes For Optimizing Budgeting And Forecasting Processes
Jan 2010
Optimizing budgeting and forecasting processes should be a concern for every company looking for success. There are many different tools available today to help businesses at all levels make...
Provided by BusinessKnowledgeSource.com
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White Papers
Tips For A More Accurate Projected Budget
Jan 2010
One of the most important things you will need to do for your business is make an accurate projected budget. This will give you, in writing, a description of how much money you expect to spend on...
Provided by BusinessKnowledgeSource.com
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White Papers
How To Budget Correctly
Jan 2010
Knowing how to budget properly is the absolutely central principle for any business owner, manager, or individual. Budgeting properly within your business is absolutely a key to the successful...
Provided by BusinessKnowledgeSource.com
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White Papers
How To Test Your Budgeting Figures
Jan 2010
In order to create a successful budget for you business you have to come up with a proper reporting system that can compare and test your actual budget plan. Creating an operating and working...
Provided by BusinessKnowledgeSource.com
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White Papers
A Look At Top-Down Budgeting
Jan 2010
There are two major approaches to coming up with a budget for a business or for an individual project: top-down budgeting and bottom-up budgeting. While bottom-up budgeting is the more traditional...
Provided by BusinessKnowledgeSource.com
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White Papers
A Comparison Of Top-Down To Bottom-Up Budgeting
Jan 2010
There are two major approaches to coming up with budgets for any home, small business, or larger company: the traditional method of budgeting is known as bottom-up budgeting, though many...
Provided by BusinessKnowledgeSource.com
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White Papers
Successful Business Budgeting Tactics
Jan 2010
Business budgeting is one of the most important aspects of a successful business. No matter what size your business is, you need to have successful business budgeting tactics in order to stay in...
Provided by BusinessKnowledgeSource.com
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White Papers
How To Manage Your Budget
Jan 2010
Budget management really requires two things: good planning and good discipline. Sometime it also requires having a plan B. There is a lot to learn when managing your budget and the bigger the...
Provided by BusinessKnowledgeSource.com
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White Papers
How To Use Budgets As A Positive Business Tool To Enhance Performance
Jan 2010
One of the most effective management tools is your budget. This tool can be used each and every month to check the progress of your company towards its goals. The budget is one area that is...
Provided by BusinessKnowledgeSource.com
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White Papers
Your Home Business Budget
Dec 2009
If you are considering starting your own home business, one of the first things you must think about is budgeting and planning to find the money you need. You can start the planning process from...
Provided by Article Alley
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White Papers
Music Industry Business Plan: Live And Recorded Music
Jan 2010
Whether you are a band, artist manager, record label, or music store, if you can learn how to take the best advantage of both live and recorded revenue streams, you may be able to beat competitors...
Provided by Growthink
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White Papers
Budgeting For Small Businesses
Jan 2010
Wondering how to prepare a budget for your small business? Budgeting is critical in business no matter what size your business is. This paper gets you started with small business budgeting....
Provided by Gaebler Ventures
-
White Papers
Six Steps To A Better Business Budget
Jan 2010
Budgeting is an easy but essential process that business owners use to forecast (and then match) current and future revenue to expenses. The goal is to make sure that enough money is available to...
Provided by Investopedia
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White Papers
What's Your Budget?
Jan 2010
Regardless of which budget style you choose, you make very important choices as you plan your profit and loss. This is where you plan your expenses. You are estimating expenditures across the...
Provided by Palo Alto Software
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White Papers
Successful Budgeting Involves People
Jan 2010
Successful budgeting goes beyond numbers. It depends on people management. Managing the budget numbers can be simple, but managing a budget takes people, not spreadsheets. While budget numbers are...
Provided by Palo Alto Software
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White Papers
How Businesses With A Flat organizational Structure Create And Utilize Their Budgets
Jul 2007
Companies with a flat corporate structure typically use their budget as a guide to the overall operations of the Company. The budget within a flat corporate structure serves the purpose of...
Provided by Associated Content
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White Papers
How To Prepare A Successful Budget
Aug 2007
Budgeting is a short-term financial statement that shows a company's future plans. A successful budget is created when all managers are involved with the budgeting process by carefully planning...
Provided by Associated Content
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White Papers
Business Budget Process
Jan 2008
A business must first comprehend what a budget is before it can create a budget. A budget allows business owners the ability to monitor their finances and ensure the company possesses the funds...
Provided by Associated Content
-
White Papers
Bond Supply And Excess Bond Returns
Apr 2008
The authors examine empirically how the maturity structure of government debt affects bond yields and excess returns. The analysis is based on a theoretical model of preferred habitat in which...
Provided by Harvard Business School
-
White Papers
Price Dispersion In OTC Markets: A New Measure Of Liquidity
May 2008
In this paper, the authors model price dispersion effects in Over-The-Counter (OTC) markets to show that in the presence of inventory risk for dealers and search costs for investors, traded prices...
Provided by New York University
-
Podcasts
Forecasting Cloud Computing: Opportunities For Banking
Jan 2011
Cloud computing can cut costs; increase efficiency and help banks achieve competitive differentiation. In this podcast, Accenture's author outlines opportunities for banks that use cloud...
Provided by Accenture
-
White Papers
From Profit Mystery To Profit Mastery: Hidden Costs = Profits Lost
Oct 2010
It would be unusual to see a profit and loss statement with an expense category called "Hidden costs," but any company that carries inventory or accounts receivable should know that these costs...
Provided by Vistage International
-
White Papers
Public Budget Composition, Fiscal(De)Centralization, And Welfare
Jul 2007
The authors present a dynamic two-region model with overlapping generations. There are two types of productive public expenditure, education and infrastructure funding, and governments decide...
Provided by University of Konstanz
-
White Papers
On The Difficulty Of Measuring Forecasting Skill In Financial Markets
Aug 2010
The use of correlation between forecasts and actual returns is commonplace in the literature, often used as a measurement of investors' skill. A prominent application of this is the concept of the...
Provided by University of Cambridge
-
White Papers
Consumption, Social Capital, And The "Industrious Revolution" In Early Modern Germany
Oct 2009
This paper uses evidence from German-speaking central Europe to address open questions about the Consumer and Industrious Revolutions. Did they happen outside the early-developing, North Atlantic...
Provided by University of Cambridge
-
White Papers
Variable Selection And Inference For Multi-Period Forecasting Problems
Jan 2009
This paper conducts a broad-based comparison of iterated and direct multi step forecasting approaches applied to both univariate and multivariate models. Theoretical results and Monte Carlo...
Provided by University of Cambridge
-
White Papers
Budget Allocation For Permanent And Contingent Capacity Under Stochastic Demand
Apr 2010
The authors develop a model of budget allocation for permanent and contingent workforce under stochastic demand. The level of permanent capacity is determined at the beginning of the horizon and...
Provided by Technische Universiteit Eindhoven
-
White Papers
The Empowered CFO: The Emerging Role Of The Finance Office In Large Corporations
Mar 2008
There is a trend towards centralized, higher-profile finance functions with authority to monitor performance and liaise with business units at all levels. Finance departments are increasingly...
Provided by Economist Intelligence Unit
-
White Papers
Why Do Budgets Received By State Prosecutors Vary Across Districts In The United States?
Oct 2007
This paper examines the determinants of the budgets that the severely resource constrained state prosecutors of the United States receive from mostly the local governments. In doing so, this paper...
Provided by Indiana University
-
White Papers
Management Magnified: Sustainability And Corporate Growth
Nov 2009
As the link between sustainability and corporate growth is typically indirect and intangible, skeptics often dismiss initiatives in this area as window dressing. But in the survey conducted for...
Provided by Economist Intelligence Unit
-
White Papers
Late Budgets
Apr 2010
The budget forms the legal basis of government spending. If a budget is not in place at the beginning of the fiscal year, planning as well as current spending are jeopardized and government...
Provided by University of Copenhagen
-
White Papers
The Cross-Section Of Hurdle Rates For Capital Budgeting: An Empirical Analysis Of Survey Data
Feb 2011
Whereas Poterba and Summers (1995) find that firms use hurdle rates that are unrelated to their CAPM betas, Graham and Harvey (2001) find that 74% of their survey firms use the CAPM for capital...
Provided by National Bureau of Economic Research
-
White Papers
Fundamentalists Vs. Chartists: Learning And Predictor Choice Dynamics
Sep 2008
In a simple, forward looking univariate model of price determination the authors investigate the evolution of endogenous predictor choice dynamics in presence of two types of agents:...
Provided by University of Manchester
-
White Papers
Improving The Forecasting Of Dynamic Conditional Correlation: A Volatility Dependent Approach
Nov 2009
Forecasting volatility in a multivariate framework has received many contributions in the recent literature, but problems in estimation are still frequently encountered when dealing with a large...
Provided by Centre For North South Economic Research
-
White Papers
Soft Budgets And Renegotiations In Public-Private Partnerships
Aug 2009
Public-Private Partnerships (PPPs) are increasingly used to provide infrastructure services. Even though PPPs have the potential to increase efficiency and improve resource allocation, contract...
Provided by Yale University
-
White Papers
What Do We Know About Comparing Aggregate And Disaggregate Forecasts?
Mar 2009
This paper compares the performance of "Aggregate" and "Disaggregate" predictors in forecasting contemporaneously aggregated vector ARMA processes. An aggregate predictor is built by forecasting...
Provided by Universite Catholique de Louvain
-
White Papers
Budget Allocation And The Revealed Social Rate Of Time Preference For Health
Oct 2009
Appropriate decisions based on cost-effectiveness evaluations of health care technologies depend upon the cost-effectiveness threshold and its rate of growth as well as some social rate of time...
Provided by University of York
-
White Papers
Setting Targets For Government Budgets In The Pursuit Of Intergenerational Equit
Apr 2009
The Stability and Growth Pact (SGP) adopted in 1997 originally set budget balance as the Medium-Term Objective (MTO) for all EU Member States, to create a safety margin under the 3% of GDP deficit...
Provided by European Communities
-
White Papers
The Distribution Of Consumption-expenditure Budget Shares. Evidence From Italian Households
Sep 2008
This paper explores the statistical properties of Household consumption-expenditure Budget Shares Distributions (HBSDs) - defined as the share of household total expenditure spent for purchasing a...
Provided by Scuola Superiore Sant'Anna
-
White Papers
Capital Budgeting Vs. Market Timing: An Evaluation Using Demographics
Jul 2009
An ongoing debate sets capital budgeting against market timing. The primary difficulty in evaluating these theories is finding distinct exogenous proxies for investment opportunities and...
Provided by National Bureau of Economic Research
-
White Papers
Adaptive Forecasting Of Exchange Rates With Panel Data
Oct 2010
This paper investigates the statistical and economic implications of adaptive forecasting of exchange rates with panel data and alternative predictors. The candidate exchange rate predictors are...
Provided by University of Technology Sydney
-
White Papers
Booms, Busts, and Gambling: Can Gaming Revenues Reduce Budget Volatility?
May 2010
Over the past 20 years, state and provincial governments in North America have expanded legal gambling opportunities to consumers. One of the primary policy goals of this expansion of gambling...
Provided by College of the Holy Cross
-
White Papers
Budget Constrained Expenditure Multipliers
Feb 2010
The authors show that standard expenditure multipliers capture economy-wide effects of new government projects only when financing constraints are not binding. In actual policy making, however,...
Provided by Universitat Autonoma de Barcelona
-
White Papers
Real-time Nowcasting Of GDP: Factor Model Versus Professional Forecasters
Feb 2011
This paper performs a fully real-time nowcasting (forecasting) exercise of US real Gross Domestic Product (GDP) growth using Giannone, Reichlin and Small (2008) factor model framework which...
Provided by Munich Personal Repec Archive
-
White Papers
Elections And The Strategic Use Of Budget Deficits
Jul 2009
The authors present a model in which a conservative incumbent with preferences for low public spending can strategically run a budget deficit to prevent the left-wing opposition candidate from...
Provided by University of Melbourne
-
White Papers
Guidelines For The Preparation Of Budgets In Not-For-Profit Organizations
Sep 2010
In the absence of clear and acceptable measures for outcomes, the budget is probably the most important managerial tool for nonprofits. Nevertheless many nonprofits operate without a budget at...
Provided by Munich Personal Repec Archive
-
White Papers
The Accrual Anomaly: Exploring The Optimal Investment Hypothesis
May 2008
Interpreting accruals as working capital investment, the authors hypothesize that firms rationally adjust their investment to respond to discount rate changes. Consistent with the optimal...
Provided by National Bureau of Economic Research
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A Best Evidence Synthesis On The Link Between Budgetary Participation And Managerial Performance
Feb 2010
By using the best evidence synthesis (Slavin, 1995), the authors want to find out an accurate synthesis on the Budgetary Participation -BP- and Managerial Performance-PM- link. The use of criteria...
Provided by Munich Personal Repec Archive
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Efficient Committed Budget For Implementing Target Audit Probability For Many Inspectees
Jan 2011
Strategic models of auditor-inspectee interaction have neglected implementation details in multiple-inspectee settings. With multiple inspectees, the target audit probability derived from the...
Provided by Munich Personal Repec Archive
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VAR Forecasting Using Bayesian Variable Selection
Mar 2010
This paper develops methods for automatic selection of variables in forecasting Bayesian Vector AutoRegressions (VARs) using the Gibbs sampler. In particular, the author provides computationally...
Provided by Munich Personal Repec Archive
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The Role Of Regime Shifts In The Term Structure Of Interest Rates: Further Evidence From An Emerging Market
Nov 2009
In this paper, the authors investigate the interrelations among Turkish interest rates with different maturities by using a regime switching Vector Error Correction (VECM) Model. They find a long...
Provided by Munich Personal Repec Archive
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Signal Extraction And Forecasting Of The UK Tourism Income Time Series. A Singular Spectrum Analysis Approach
Nov 2009
The authors present and apply the Singular Spectrum Analysis (SSA), a relatively new, non-parametric and data-driven method used for signal extraction (trends, seasonal and business cycle...
Provided by Munich Personal Repec Archive
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Economic Forecasts With Bayesian Autoregressive Distributed Lag Model: Choosing Optimal Prior In Economic Downturn
Sep 2009
Bayesian inference requires an analyst to set priors. Setting the right prior is crucial for precise forecasts. This paper analyzes how optimal prior changes when an economy is hit by a recession....
Provided by Munich Personal Repec Archive
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The Exact Insensitivity Of Market Budget Shares And The «Balancing Effect»
Jun 2007
The authors reformulate Grandmont's and its successors' notion of behavioral heterogeneity such as to get the exact insensitivity of the aggregate budget share function with respect to changes in...
Provided by Centre pour la Communication Scientifique Directe
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Empirical Evidencies For The Budget Deficits Co-Integration In The Old European Union Members: Are There Any Interlinkages In Fiscal Policies?
Jan 2009
In the last years, the fiscal harmonization among the European Union members has become a pillar of economic integration and of fiscal and financial stability in the European area. The...
Provided by Munich Personal Repec Archive
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Forecasting In Vector Autoregressions With Many Predictors
Mar 2010
This paper addresses the issue of improving the forecasting performance of Vector AutoRegressions (VARs) when the set of available predictors is inconveniently large to handle with methods and...
Provided by Munich Personal Repec Archive
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The Methodological Steps In Management Accounting And Cost Calculation - A Comparative Analysis Between The Traditional Methods Used In Romania And The Activity-based Costing (abc) Method
Nov 2010
In this paper, the author discusses the methodological steps taken in the Romanian management accounting, according to the specifics of the ABC method. The author also makes a comparative analysis...
Provided by Munich Personal Repec Archive
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Decomposing Federal Funds Rate Forecast Uncertainty Using Real-time Data
Feb 2009
This paper uses real-time data for the U.S. to estimate out-of-sample forecast uncertainty about the Federal Funds Rate. By combining a Taylor rule with an unobserved components model of economic...
Provided by Munich Personal Repec Archive
