There are two widely accepted approaches used to estimate the market value of a firm's equity (Vs). The accounting approach assumes the estimated Vs is based on the discounted value of a firm's future net income stream (NI). A finance model assumes that the value of a firm's stock (Vs) is...

This study uses an n-chotomous multivariate probit model with cash-based funds flow components and financial ratios to predict industrial bond ratings. The n-chotomous probit model provides superior information for evaluating the bond classification process. The model determines the...

This note demonstrates that Freeland's (Freeland, J. R. 1976. A note on goal decomposition in a decentralized organization. Management Sci. 23 100--102.) modification of Ruefli's (Ruefli, T. W. 1971. A generalized goal decomposition model. Management Sci. 17 505--518.) Generalized Goal...