Cryptocurrencies are examined through the asset flow equations and experimental asset markets. Since tangible value of a typical cryptocurrency is non-existent, the theory suggests that price will gravitate toward liquidity value, i.e., the total amount of cash available for purchase of the asset divided by the number of units. Thus it is unlikely that cryptocurrencies in their current form wil...

Due to the fact that assets are recorded at their historical value and they may include unrealized gains (losses), managers may manipulate earnings through the sale of these assets and provide financial information which is not accurate and reliable. The aim of this study is to investigate the relationship between income from asset sales, earnings change and leverage of companies listed on Tehr...

We consider a market where a risky asset with a well defined fundamental value is traded. We have in our mind a future, whose fundamental value is its terminal value. In the market there are three groups of agents: feedback traders, fundamental traders and noise traders. Feedback traders base their strategy on the past evolution of the asset price. We consider only positive feedback traders who...

The purpose of this study was to examine the expected returns of Carhart model compared to the capital asset pricing model and the implicit capital cost model based on cash and capital returns of growth and value stocks. The statistical population consisted of the companies listed in Tehran Stock Exchange and the time domain is between 2007 and 2016. By choosing Cochran sampling, 126 companies ...

Enterprise IT asset disposition is one important contributing dimension to green IT initiatives adopted by organizations. IT asset disposition services aim to maximize the value of the IT asset investment of enterprises over its entire lifecycle while guaranteeing data security and protecting against environmental liability. The purpose of this paper is to introduce the practice of IT asset dis...

The article presents a comprehensive asset management method. Here presented method aims to bridge the economic approach with technical road infrastructure life cycle, namely its resilience and performance. value calculation methods are based both on socio-economic viewpoints community benefits of an asset, as well aspect condition residual calculations infrastructure. In contrast common method...

In this article, the author addresses the question of how a firm’s acquisition efforts influence the composition of the customer portfolio. The first part of the research is a conceptual model that illustrates how customer uncertainty provides an explanation for why promotionally acquired customers have lower repurchase rates and smaller lifetime values. The second part of the research involves...

one of the main functionalities of capital market is to improve liquidityin the market which provides security for the investors. mutual funds aremodern financial institutions which are designed with the aim of collectingfunds from investors and devote them to buy a variety of securities inorder to mitigate investment risks, exploit the economies of scale andfinally create a reasonable return f...