This article compares capital budgeting techniques employed in listed and unlisted companies in Brazil. We surveyed the Chief Financial Officers (CFOs) of 398 listed companies and 300 large unlisted companies, and based on 91 respondents, the results suggest that the CFOs of listed companies tend to use less simplistic methods more often, for example: NPV and CAPM, and that CFOs of unlisted com...

In an identity-based proxy re-encryption scheme, a semi-trusted proxy can convert a ciphertext under Alice’s public identity into a ciphertext for Bob. The proxy does not know the secret key of Alice or Bob, and also does not know the plaintext during the conversion. In identity-based proxy re-encryption, the collusion of the proxy and a delegatee may result in the decryption of ciphertext for ...

Stochastic budgeting is used to simulate the business and financial risk and the performance over a six-year planning horizon on a Norwegian dairy farm. A major difficulty with stochastic whole-farm budgeting lies in identifying and measuring dependency relationships between stochastic variables. Some methods to account for these stochastic dependencies are illustrated. The financial feasibilit...

The study determined the effect of Program based budgeting on financial performance by County Government Bungoma. used a target population 202 workers and sample size 134 respondents who were in field finance. Questionnaires to collect data. therefore rejected null hypothesis concluded that Based Budgeting had statistically significant influence Keywords: Budgeting, Budget Reforms, Financial Pe...

Commercial Web-based Personal-Health Record (PHR) systems can help patients to share their personal health records (PHRs) anytime from anywhere. PHRs are very sensitive data and an inappropriate disclosure may cause serious problems to an individual. Therefore commercial Web-based PHR systems have to ensure that the patient health data is secured using state-of-the-art mechanisms. In current co...

Proxy re-encryption is a cryptographic primitive developed to delegate the decryption right from one party (the delegator) to another (the delegatee). So far, research efforts have only been devoted to the intra-domain setting, where the delegator and the delegatee are registered in the same domain. In this paper, we investigate the proxy re-encryption in the inter-domain setting, where the del...

Operational planning is considered an important tool for translating government policies and strategic objectives into day-to-day management activities. However, developing countries suffer from persistent misalignment between policy, planning and budgeting. The Medium Term Expenditure Framework (MTEF) was introduced to address this misalignment. Kenya adopted the MTEF in the early 2000s, and i...

Beyond Budgeting has been proposed as an influential idea that will reinvigorate management accounting contribution in business operation and performance. It is claimed that the traditional system has lost relevance with the modern business environment and is no longer satisfying the needs of managers. Budgets have been ingrained in the culture of business since their inception in the 1920s and...

This study examines the effect of performance-based budgeting on financial management selected Ministries, Departments, and Agencies (MDAs) in Nigeria. The focuses three key components budgeting: performance metrics, outcome-based budgeting, contracting. Financial is assessed based budgetary control, internal controls, cash debt management. utilised a survey research design focused MDAs with of...

This paper describes and evaluates the budgeting and planning processes in public hospitals in Kenya. We used a qualitative case study approach to examine these processes in two hospitals in Kenya. We collected data by in-depth interviews of national level policy makers, hospital managers, and frontline practitioners in the case study hospitals (n = 72), a review of documents, and non-participa...