Revolving Capital in Stock Cooperative Corporations

Revolving Cooperative Equity - a Generation of Misunderstanding

About mid-semester each fall, I introduce to my undergraduate students the general topic of “cooperative finance.” By this time, the students have already been exposed to cooperative principles and have a basic-level grasp of operational practices. As I begin my lecture on revolving cooperative equity, one can tell by the perplexed expressions on the students’ faces that my message is not being...

Estimating provincial Capital Stock in Iran Economy

  Investment and capital stock variables are considered as critical data requirements in economic policy making. In this context, having access to the statistics and performance of these variables is regarded as one of the requirements in economic planning. It will be more important especially at levels beyond the national level such as provincial level at which the data are not produced by na...

Accounting for Capital Stock

When the shares are issued, that can be explained as an issuance of shares at their fair value or a stock split or the combination of both. Stock dividends can be considered as a combination of capitalization of retained earnings and stock split (stock split theory). But, it can also be explained by using fictitious transaction such as payment of cash dividend and subsequent issuance of shares ...

CyCliCal Capital StoCk

It is common to assume in business cycle analysis that the capital stock is homogenous and constant in aggregate value. We explore the alternative concept that capital is heterogeneous, and whether it exhibits cyclical changes. A multiperiod model of investment implies that acquisition of specific components of capital responds to changes in relative interest rates, and we further show that the...

Capital Structure as a Control Mechanism in Corporations