Our work in the Czech Republic and in FYR Macedonia demonstrates the importance of including contingent liabilities when assessing the magnitude of the true fiscal adjustment, and when analyzing fiscal sustainability. To the extent that explicit expenditures are shifted off-budget or replaced by the issuance of guarantees, the achieved improvement in fiscal balances is overstated. For the Czech...

The simplest net working capital can be defined as the difference between value of current assets and short-term liabilities together with other accruals. It is equivalent to part financed equity, provisions for liabilities, long-term remaining Therefore, it that finances only are not liabilities. This amount fixed capital. Summing up, company’s assets.

We focus on syntactic aspects of differential awareness that give rise to contractual disputes. Boundedly rational parties use a common language, but do not share a common understanding of the world, leading to ambiguity in both syntactic and semantic forms. In contractual relationships, ambiguity leads to disagreement and disputes. We show that the agents may prefer simpler less ambiguous cont...

Multivariate comorbidity research indicates mood and anxiety (internalizing) disorders share one or more common liabilities, but categorical, dimensional, and hybrid accounts of these liabilities have not been directly compared. We modeled seven internalizing disorders in a nationally representative sample of 43,093 individuals via confirmatory factor, latent class, exploratory factor mixture, ...

As healthcare organizations rely more heavily on IT, there is a growing need to understand innovative IT use in these organizations. First, this research introduces the concept of ehealth absorptive capacity which consists of e-health entrepreneurial alertness, assimilation and exploitation, based on Cohen and Levinthal (1990)’s absorptive capacity theory. We then address the theoretical neglec...

Abst rac t We develop a new governance perspective on port–hinterland linkages and related port impacts. Many stakeholders in a port’s hinterland now demand tangible economic benefits from port activities, as a precondition for supporting port expansion and infrastructural investments. We use a governance lens to assess this farsighted contracting challenge. We find that most contemporary econo...

This paper investigates the detail and dynamics of how contractual and relational governance mechanisms are deployed in managing complex, long-term public–private supply arrangements. Using empirical data from two UK Private Finance Initiative (PFI) cases, the paper analyses the interplay of governance mechanisms along a timeline of project phases. Conceptual and practical findings confirm that...

MSCI Barra Product Insights © 2007 MSCI Barra. All rights reserved. 1 of 10 Please refer to the disclaimer at the end of this document. This case study provides an introduction to modeling assets and liabilities for asset owners within BarraOne. We show how to use BarraOne to analyze both assets and liabilities in a shared framework for understanding risk and return. Our example uses zero coupo...

In the field of law, decisions in previous cases often play a significant role in the presentation and outcome of new cases. Lawyers are constantly recalling old cases to aid them in preparing their own briefs. How do lawyers remember cases? What are the features they use to organize and retrieve past decisions? How do lawyers learn which features are important? To address these Questions we ar...