In economies with a growing service sector, the importance of intangible assets like brands, customer relationships, and organizational capabilities is rapidly increasing, as is the importance of information and knowledge for the production of goods and services. New concepts in such areas as...

The uniqueness of financial market is its ability to differentiate credit risks. Different from banking which credit channeling has only two decisions: yes or no, capital market gives both sides: issuers and investors can bargain the decision based on credit risk differential. Credit risk...