Management-prepared financial statement projections are an important component of the income approach to business valuation, specifically the discounted cash flow valuation method. And, the discounted cash flow valuation method is frequently used and assigned material weighting in the business valuation performed for gift tax, estate tax, and generation-skipping tax purposes. This discussion co...

Entrepreneurship plays an eminent function in creating an avenue for employability for rural communities, providing self-employment for those who have started-up a business of their own and enhancing the economic status of the rural sector as well. Entrepreneurship has transformed many entrepreneurs into successful business persons and generated income for rural communities. Entrepreneurs in ru...

This paper contributes to our understanding of minority entrepreneurs in the US by showing that ethnicity alone should not be used to describe or categorize small business owners. We examine a sample of 508 entrepreneurs from three minority groups (African, Mexican, and Korean Americans) and a white group using cluster analysis to explore a categorization pattern that best describes the differe...

Job creation is a central part of the policy of almost all African countries. The problems are particularly acute in Nigeria where over the period of the early 2000s there was a substantial decline in the number of private wage jobs. While policy discussion focuses on the extent of unemployment the unemployment rate, as measured in labour force surveys, is low in Nigeria. This is a common findi...

The American Jobs Creation Act of 2004 rewrote the reforestation tax incentives available to private forest owners. Owners can now deduct outright reforestation costs up to $10,000 per year for each qualified timber property and amortize any additional amount over 8 tax years. To assess the economic effect of the new incentives on forest owners, the authors developed spreadsheets to calculate a...

Economic reform is difficult to carry out because it often undercuts the status and economic advantage of the rank-and-file officials to whom authorities must turn to implement market-based changes. Drawing on new longitudinal data collected between 1991 and 1994 in a representative rural county in Northern China, we demonstrate that local officials have not in fact lost out. To the contrary, t...

BACKGROUND Road traffic fatalities (RTF) are among the top ten causes of deaths in the world. The risk factors for RTF fatal victims have been extensively characterized, but studies of household burden of RTF have been very few in number. Accordingly, this article investigates post-crash impacts on RTF victims' family members, including the adverse impacts of lost income, occupational disruptio...

This paper analyzes how the indeterminacy of competitive equilibrium in one-sector growth models depends on the magnitude of the households’income e¤ect on the demand for leisure. The paper …rst establishes that the presence of income e¤ect is necessary for the existence of an indeterminate equilibrium. Because I am further interested in quantitatively characterizing regions of uniqueness and r...

We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The approach allows for changes in income risk over the life cycle and across the business cycle, allowing for mixtures of persistent and transitory components in the dynamic process for income. We focus on what can be learned from repeated cross-section data alone. Evidence from ...

When analysing the factors of income inequality, first as many factors as possible have to be included in order to obtain valid results. The present article systematises the factors of income inequality discussed in the pertinent literature into five groups and summarises the hypotheses about the signs of the influences of the discussed factors on income inequality. But additionally the influen...