Intertemporal surplus management

Excess Arms in South Sudan: Security Forces and Surplus Management

Introduction South Sudan is saturated with weapon s following the long civil war that resulted in its independence in 2011. The weapons that were once in the hands of the rebel forces now officially belong to the newly developed state defence and security forces. In comparable situations elsewhere, a by-product of restructuring such forces is a surplus of small arms, light weapons, and ammuniti...

Surplus Free Cash Flow and Earnings Management: The Moderating Role of Auditor Size

This Study seeks to scrutinize whether surplus free cash flow is correlated with earnings management, if auditor size moderates this relationship. To do so, modified Jones discretionary accrual model (1995) and audit firm size are used as audit quality indicator to measure earnings management. The research hypotheses are built upon a sample of 103 companies listed on the Tehran Stock Exchange d...

Intertemporal Choice

Intertemporal Aggration

Inter-temporal aggregation results in a summarization of information and a natural delay in the release of information. We study a principal-agent model and show that inter-temporal aggregation can be an optimal feature of a performance evaluation system. We also contrast the value of additional information when existing information is inter-temporally aggregated with its value when existing in...

Intertemporal Macroeconomics

This chapter reviews models of intertemporal choice consumption demand and labour supply. We discuss optimal decisions by individuals at the microeconomic level and the implications for the aggregate economy. The chapter describes the equilibrium in a market-clearing neoclassical model and analyses effects of productivity and government sector shocks on optimal decisions by consumers and worker...