Economic analysis and evidence indicate the market for corporate control is benefiting shareholders, society, and the corporate form of organization. The value of transactions in this market ran at a record rate of about $180 billion per year in 1985 and 1986--47 percent above the 1984 record of $122 billion. The number of transactions with purchase prices exceeding one billion dollars was 27 o...

The Nias Regency Personnel and Human Resources Development Agency is one of the Regional Apparatus Organizations within Government which generally supports achievement Vision Mission particularly in regional financial management. This study aims to explain application Cash Management System or non-cash transactions process monitoring transactions. research classified as a qualitative using SWOT...

The dominance of cash-based transactions and relentless growth of a shadow economy triggered a fiscal intervention by the Indian government wherein 86% of the total cash in circulation was pulled out in a sudden announcement on November 8, 2016. This disruptive initiative resulted into prolonged cash shortages, financial inconvenience, and crisis situation to cross-section of population of the ...

In this paper, we derive principles of optimal cyclical monetary policy in an economy without capital, with a cash-in-advance restriction on household transactions, and monopolistic firms that set prices one period in advance. The only distortionary policy instruments are the nominal interest rate and the money supply. In this environment it is feasible to undo both the cash-in-advance and pric...

We introduce a novel conditional e-cash protocol allowing future anonymous cashing of bank-issued e-money only upon the satisfaction of an agreedupon public condition. Payers are able to remunerate payees for services that depend on future, yet to be determined outcomes of events. Moreover, payees are able to further transfer payments to third parties. Once payment complete, any double-spending...

Pricing should speed up the substitution of low cost electronic payments for expensive paper-based transactions and cash. But by how much? Norway has explicitly priced individual payment transactions and rapidly shifted to electronic payments while the Netherlands has experienced the same shift without direct pricing. Controlling for differences between countries, we estimate the incremental ef...

Parties conducting electronic businesses and transactions have usually never seen each other face-to-face, nor exchanged currency or hard copies of documents hand-to-hand. The society at large prefers transactions that involve physical contact of people, cash and cheques to that which is done over a telecommunication network such as the Internet. However, security, trust and convenience are amo...

In this paper a novel payment system for Peer-to-Peer (P2P) commerce transactions is presented. It implements electronic cash-based transactions, between buyers and merchants. In this system, financial institutions become partners in the e-commerce transaction, conducted by their customers over the Internet. The innovation of the proposed system is the reduction of the involvement of the financ...

Different versions of peer-to-peer electronic cash exist as data represented by separate blockchains. Payments between such systems cannot be sent directly from one party to another without going through a financial institution. Bitcoin provided part of the solution but its utility is limited to intra-blockchain transactions. The benefits are lost if a trusted third party is required to execute...

In this study we analyze the risks and perils arising from LBO transactions, in order to consider the impact of private equity in this category of transactions. From this perspective, focusing attention on 2,450 deals occurred during the period 2002-2011, our study adds to previous literature that has investigated the post-LBO operating performance and the factors that can determine the success...