A recent (in 1976) development of international financial theory is the application of mathematical programming models to the capital budgeting decisions of the multinational firm. This application is an extension of the capital budgeting theory developed by Weingartner for the uninational firm....

Factor and transformation analysis are used to find stable categories of financial ratios, and to test hypotheses concerning accrual ratios, cash flow ratios, and market-based ratios. Six stable factors are observed for Finnish data covering 1974-84. Contrary to expectations market-based ratios...

In Finland the accounting theory put forward by Professor Martti Saario (in 1958, 1959, and partly 1945) is dominant in accounting legislation, teaching and research. This paper reviews the theory, states the unstated economic assumptions on which the theory must be based, and compares the...

This paper presents a realistic simulation testbench for evaluating the various methods for estimating the long-term profitability of business firms in terms of the internal rate of return (IRR) of their capital investments. The simulation model extends the earlier, rigid approaches by...

This paper presents an intertemporal linear programming model for exploring optimal credit expansion strategies of a commercial bank in the framework of dynamic balance sheet management assuming that it is both technically feasible and economically relevant to establish a linear relationship...

Moderator's Note: Due to the limited circulation of the Finnish Journal of Business Economics, I decided to classify this paper as substantially "unpublished" for the purpose of applying the newsgroup charter. This is an experiment that may or may not be continued as the newsgroup matures. I...