Business is integral to society. Both business and society depend on each other for the fulfillment of their respective needs. The moral dimension of business calls for certain responsibilities towards the society. Liberal economists believe that the responsibility of business is economic in...

The performance measure, Economic Value Added (EVA) is being increasingly adopted by more and more firms and is beginning to appear in the mainstream finance textbooks. Despite such acceptance, not much empirical work has been done on the relationship between EVA and Market Value Added (MVA)....

Based on governmental accounting experiences and on the rising criticism considering accrual accounting, this paper proposes that accrual accounting in governments will only succeed in the coming years in businesslike governments. Referring to International Public Standard Accounting Standards...