Our most recent series of Bank of England banknotes, the first ones printed on polymer, was launched over a five-year period between 2016 and 2021. Within the context of previous evolutions in design and security features, this article explains how the new banknotes are cleaner, safer and...

Private equity has become an important source of finance in recent years for firms wanting to undertake a major restructuring or capital investment. Previously, its increased use was mainly associated with the 'back to basics' policy of many large companies and the consequent sale of non-core...

Purpose The purpose of this paper is to explore the work practices of Big 4 firms in Bangladesh with the aim of exploring the extent to which global professional service firms (GPSFs) can be thought of as being genuinely “global”. Design/methodology/approach Interviews were undertaken with...

The way corporations are accounted for is tremendously important for shaping the way investors and other stakeholders see and assess them. A new understanding of the purpose of financial accounting with adjoining accounting methods thus creates powerful incentives for corporate managers to...

From the early decades of the twentieth century, a dominant characteristic of the modern “capitalist” corporation, especially in the United States, was the separation of asset ownership in the form of publicly traded shares from allocative control over the corporation's resources by salaried...

A Bayesian approach is used to estimate the covariance matrix of Gaussian data. Ideas from Gaussian graphical models and model selection are used to construct a prior for the covariance matrix that is a mixture over all decomposable graphs. For this prior the probability of each graph size is...

A Bayesian analysis is presented of a time series which is the sum of a stationary component with a smooth spectral density and a deterministic component consisting of a linear combination of a trend and periodic terms. The periodic terms may have known or unknown frequencies. The advantage of...