For the last 40 years, academics advocated the use of the traditional Discounted CashFlow (DCF) techniques but these suggestions were ignored by practitioners for a longtime. The Net Present Value (NPV), Internal Rate of Return (IRR) and Present ValuePayback Period (PVPP) are now some of the...

The impact of HIV/AIDS on small and medium enterprises (SMEs) is little known in South Africa. SMEs are arguably the largest employer, nationally, particularly in the Western Cape. Unfortunately, SMEs fall within the profile of businesses that have neither measured the prevalence and impact of...

Research Problem: Research commences at the point where within our department we begin to reflect on penetrating a new market. At first this reflection can be a very unstructured thought, a conjecture, a question, or hypothesis. In our case, it was about entering the Brazilian telematics or more...

An overview of modern and historical interest rate model theory is given with thespecific aim of derivative pricing. A variety of stochastic interest rate models arediscussed within a South African market context. The various models arecompared with respect to characteristics such as mean...

The term business model is relatively recent. Though it appeared for the first time in the 1950s it rose to prominence and reached the mainstream only in the 1990s. Today the term is commonly used, but there is still no single dominant definition.Many different conceptualizations of business...

The potential buyer of a business evaluates the attractiveness of the transaction byconsidering the financial status of the business being sold. In determining thefinancial status of a business it is more important to determine the nature of the assetsand liabilities recorded on the balance...

This chapter provides an overview of the key issues in public economics arising from the process of territorial decentralization that has taken place in Spain since the restoration of democracy and ratification of the Constitution of 1978, which resulted in the emergence of the “ Autonomic...

This paper examines the Annual Progress Report on the Federal Democratic Republic of Ethiopia’s Poverty Reduction Strategy. The broad thrust of the government’s strategy remains creating rural growth, accelerating private sector growth in the modern economy to create employment and...

Die Familie stellt einen zentralen Einflussfaktor auf die Anpassung von Entsandten im Ausland dar. In Anlehnung an die Familiensystemtheorie von Minuchin (1974) wird angenommen, dass starke Verbindungen zwischen Entsandten, deren Partnern und deren Kindern bestehen, die wiederum Einfluss auf...