Papers
Finance and Accounting
Does Capital Structure Matter
The capital structure of a modern corporation is, at its rudimentary level, determined by the organisational need for long-term funds and its satisfaction through two specific long-term capital sources, i.e. shareholder-provided equity and long-term debt from diverse external agencies (Damodaran, 2004). These sources, with specific regard to joint stock companies, retain their identity but assume different shapes.
An Introduction to Keynesian Economics
John Keynes (1883-1946) and his followers developed a school of economic tho0ught that led to a paradigm shift in economics, replacing the study of the economic behaviour of companies and individuals, i.e. microeconomics, with the investigation of the behaviour of the economy in totality, namely macroeconomics.
Standard Costing and Variance Analysis
The widespread acceptance of standard costing for a sustained period of time provides a categorical endorsement of its suitability for the standardised mass production based manufacturing activity that was characteristic of western businesses for much of the 20th century.
Causes and Effects of the 2008 Recession
Increasing defaults led to the bankruptcy of many mortgage lenders. The banks and financial institutions that had purchased the mortgage debt from such mortgage companies were also affected badly and had to write-off large scale losses. Such losses were not restricted to the banks in the United States but occurred across banks and financial institutions in the UK and other countries in Europe. A number of banks faced severe credit problems and needed to borrow money from other banks. During this period it became very difficult for banks to gauge the financial health of other companies in the sector. Bank and institutional failures kept occurring sporadically, sometimes occurring after intervals of a few months; each such gap belying people into believing that the worst was over.
Regulation Analysis: Examination and Analysis of Regulation in Business
Statutory regulation is becoming more necessary because self-regulation is associated with the creation of environments that are favourable for the suppression of competition and for the construction of cartels. Self-regulation often proves to be inadequate because of the lack of jurisdiction of exchanges over individuals and organisations, who are not their members, as also by their lack of criminal authority
What is the difference between Orthodox and Heterodox Economics?
This paper delves into the similarities and differences on the role of money in the heterodox and orthodox economic frameworks. Traditionally literature on economics, both at the introductory and advanced levels relate the orthodox monetary theory with the quantitative theory of money. The heterodox monetary theory, an alternative to the neo-classical monetary approach, has a wholly different perspective on the nature of money. It posits that money supply is essentially endogenous in nature and is determined within the economic system by the requirement for credit across the economy.