We address explicitly the issue of risk in the theory of the firm. To that end, we present a model in which the shareholders’ portfolio selection of assets and the decisions of the firm are jointly determined through the market process. The model allows to study the role of markets and prices on the type of risky activities undertaken by a firm and the allocation of random profit among sharehol...

.01 This section addresses the auditor's responsibility to design and implement responses to the risks of material misstatement identified and assessed by the auditor in accordance with section 315,Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, and to evaluate the audit evidence obtained in an audit of financial statements. Section 700, Forming an...

this paper explores the effectiveness of financial literacy programs. it further seeks to establish the relationship between financial literacy and certain demographic characteristics. this study adopted a correlational research design as the framework to examine the relationship between variables without determining cause and effect. data were randomly collected from 235 petty traders in kumas...

This papers studies the impact of a financial transactions tax on the trading volume and asset price volatility in a model with heterogeneous beliefs. To model heterogeneous beliefs we follow Kurz (1994, 1997) and restrict the class of beliefs to the subset of rational beliefs. We study a tax on bond and asset purchases. The simulated model shows that the introduction of a transaction tax resul...

Despite the popularity of financial compensation as a means for addressing trust violations, the question whether (more) money can indeed buy trust back remains largely unexplored. In the present research, we focus on the role of violation type and compensation size. The results of a scenario study and a laboratory experiment show that financial compensation can effectively promote the restorat...

For explanation of terms used and discussion of significant model dependence of following limits, see the " Extra Dimensions Review. " Limits are expressed in conventions of of Giudice, Rattazzi, and Wells as explained in the Review. Footnotes describe originally quoted limit. n indicates the number of extra dimensions. Limits not encoded here are summarized in the " Extra Dimensions Review. " ...

background: irritable bowel syndrome (ibs) is one of the most common functional gastrointestinal disorders. a signi_cant number of ibs patients have extra-intestinal symptoms (eis), but the etiology of co-morbidity of ibs with these symptoms is unclear. the aim of this study was to evaluate the relationship of eis with psychological symptoms in ibs patients. â  materials and methods: this multi...

medulloblastoma is quite uncommon in the adult population and even rarer in extra-axial site in cerebello- pontine (cp) angle. in this report, a 23-year-old male patient with a two month history of deafness, nausea, vomiting and ataxia is presented. clinical and radiological findings demonstrated a heterogeneously enhanced extra-axial lesion in the right cp angle. total excision was performed a...