International Journal of Economics, Finance and Management Sciences

Volume 1, Issue 1, February 2013

  • Presentation of Financial Statements

    Lidija Romic

    Issue: Volume 1, Issue 1, February 2013
    Pages: 1-8
    Received: Dec. 11, 2012
    Accepted:
    Published: Feb. 20, 2013
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    Abstract: The main purpose of this paper is to explain the requirements of international standard IAS1 Presentation of Financial Statements. The current version of this standard was issued in September 2007 and has effect for accounting periods beginning on or after January 2009. The objectice of IAS1 is to specify the overall structure and content of genera... Show More
  • Evaluating a Project Finance SPV: Combining Operating Leverage with Debt Service, Shadow Dividends and Discounted Cash Flows

    Roberto Moro Visconti

    Issue: Volume 1, Issue 1, February 2013
    Pages: 9-20
    Received: Dec. 10, 2012
    Accepted:
    Published: Feb. 20, 2013
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    Abstract: Project finance (PF) investments have consistently grown in the last years, especially if they concern infrastructural Public – Private Partnerships. PF is a long termed and capital intensive investment, guaranteed by expected cash flows, rather than the assets of the project sponsor. Private entities, normally created as ad hoc Special Purpose Veh... Show More
  • To Manipulate or Not to Manipulate – A Short Comment on the Game of Interest Rate Manipulation

    Andreas Haaker

    Issue: Volume 1, Issue 1, February 2013
    Pages: 21-24
    Received: Dec. 11, 2012
    Accepted:
    Published: Feb. 20, 2013
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    Abstract: In this paper, bankster reputation as a coordination mechanism (“focal arbitrator”) in the game of interest rate manipulation and the effects of punishment will be analyzed with the aid of game-theoretical instruments. In such a game with multiple equilibria, the “bad” to-manipulate equilibrium arises because of “bankster expectations”. Under this ... Show More
  • Development Power: The Potential Dynamics in Economic Process

    Feng Dai, Songtao Wu, Ling Liang

    Issue: Volume 1, Issue 1, February 2013
    Pages: 25-37
    Received: Feb. 06, 2013
    Accepted:
    Published: Feb. 20, 2013
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    Abstract: Stating from the intrinsic characteristics of macroeconomic development, this paper puts forward the concept of development power and its theoretical frame. The development power is the potential and invisible dynamics to promote economic growth. By means of the development power theory, we can explain some important problems in macro-economy. We d... Show More
  • Environmental Policy under Some Asymmetric Social-Economical Factors

    Chien-Chieh Huang, Huei-Chin Lin

    Issue: Volume 1, Issue 1, February 2013
    Pages: 38-42
    Received: Dec. 06, 2012
    Accepted:
    Published: Feb. 20, 2013
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    Abstract: We consider situations where some social-economical factors, such as environmental awareness and other factors promoting greener environment, not only affects market demand and output, but also affects firm’s green innovative tendencies. This paper shows that if these social-economical factors are strong enough to move the market demand toward envi... Show More
  • Use of Outsourcing in Practice of Slovak Companies

    Lucia Badáňová, Elena Thomasová

    Issue: Volume 1, Issue 1, February 2013
    Pages: 43-53
    Received: Dec. 18, 2012
    Accepted:
    Published: Feb. 20, 2013
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    Abstract: The article shows the view of outsourcing in Slovak conditions in years 2009-2010. Authors would like to present their results of the research made in Slovak companies follow the domestic and foreign point of view to outsourcing
  • Cost Control Development under Stochastic Performance Control

    Milad Eghtedari Naeini, Milad Eghtedari Naeini

    Issue: Volume 1, Issue 1, February 2013
    Pages: 54-60
    Received: Feb. 01, 2013
    Accepted:
    Published: Feb. 20, 2013
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    Abstract: In this research, a model to forecast project’s cost will be presented with due attention to performance time and cost of the project, based on Earned Value Management (EVM) and with regarding real circumstances caused by uncertainties, risk factors and using simulation methods. All the uncertainties will be related to cost of work packages as well... Show More