This paper aims to provide an advanced dynamic efficiency assessment methodology for city performance strategies in Japan, based on an extended and super-efficient Data Envelopment Analysis (DEA). The use of this novel efficiency-improving approach originates from earlier research based on the...

This paper aims to provide an advanced dynamic efficiency assessment methodology for city performance strategies in Japan, based on an extended and super-efficient Data Envelopment Analysis (DEA). The use of this novel efficiency-improving approach originates from earlier research based on the...

This research paper evaluates the impact of level three valuations in accordance with FAS 157 and its impact on investors, auditors’ work, and valuation. The objective of this research is to demonstrate that the fair value measurements should not be suspended. The standards provide for...

We use a case study of a pension plan wishing to hedge the longevity risk in its pension liabilities at a future date. The plan has the choice of using either a customised hedge or an index hedge, with the degree of hedge effectiveness being closely related to the correlation between the value...

The concept of fair value challenged the interest of both the accountant normalizers and that of professional accountants, being an omnipresent notion in all established articles to the subject by the IFRS. The actual concerns of organisms that emits accounting standards are focused over norms...

We present in this paper a method to extract fair prices from observable prices in an illiquid market. The dynamics of fair prices have a general form encompassing random walks. In fact, only a part of a movement in price is assumed to reflect fundamental changes, the rest is considered to be...