This paper deals with decentralized capital budgeting problems when decision objectives are not necessarily identical with those of corporate headquarters. This paper extends previous analysis of this problem to the case where (i) the cash flows resulting from managerial actions are uncertain,...

Organizations have a choice of information and planning procedures to use for a coordinated plan. In this paper, we investigate the efficacy of price and/or budget planning approaches, where the first proposal can be determined from a combination of historical plans, external prices, rules of...

Purpose – The purpose of this paper is to consider the activities of tax havens in the global financial markets and explore their role in providing a supply‐side stimulant for corrupt practices. It aims to argue that the corruption debate needs to shift to a second phase in which the role of...

The aim of this paper is to assess how policy goals in relation to the promotion of green growth, energy security, pollution control and greenhouse gas (GHG) emissions reductions have been aligned in policies that have been implemented in selected countries during the last decades as a basis for...

In this article the value of communications structures is considered in an agency model with differential information. The optimal compensation to the agent is characterized, and it is shown that this characterization is related to the accountant's use of the budget as a motivation device....

TAX REVENUES ARE THE LIFEBLOOD OF DEMOCRATIC GOVERNMENT AND THE SOCIAL CONTRACT, BUT THE MAJORITY OF MULTINATIONAL BUSINESSES HAVE BEEN STRUCTURED SO AS TO ENABLE TAX AVOIDANCE IN EVERY JURISDICTION IN WHICH THEY OPERATE. JOHN CHRISTENSEN AND RICHARD MURPHY OF THE TAX JUSTICE NETWORK ARGUE THAT...

In this paper the results of an analysis of the price behaviour in the period immediately after initial public offerings are reported. The specific purpose of this study was to test whether the market can set suitable prices for new stocks instantaneously after the settling, or whether...