This open access book focuses on the ‘downstream’ element of PFM, that is how public organisations utilise public resources. It argues that improvements in PFM/IC will only flow from a recognition that what really matters is the quality of management. Management reform is an essential precondition to the successful implementation of many new techniques. Only when a managerial capacity exis…
Discussing a wide range of topics of contemporary relevance from the domain of finance and economics, this book presents a collection of twenty-four research papers, which were selected on the basis of their topicality, the novelty of their methods, and the importance of their subject matter. All papers pursue an empirical approach to address key research issues, and are categorized into thr…
In 2022, the Bank’s lending signatures amounted to €65.1 billion. This report includes the 2022 financial statements and audit reports both for the EIB and the EIB Group.
Simplicity in taxation has considerable potential advantages. However, attempts to simplify tax systems are only likely to be successful and enduring if they take account of the reasons why taxation is complex. There are strong pressures on tax systems to accommodate a range of important factors, as well as complex and changing national and international environments within which modern tax sys…
This open textbook is a living document of knowledge and skills needed by finance students and professionals to design, govern, and invest financial resources from savings set aside during the working years, either by law (e.g., Canada Pension Plan), by mutual agreement (e.g. occupational pension plan), or privately (e.g. Registered Retirement Savings Plan, Tax-Free Savings Plan). Saving for re…
This book draws readers’ attention to the financial aspects of daily life at a corporation by combining a robust mathematical setting and the explanation and derivation of the most popular models of the firm. Intended for third-year undergraduate students of business finance, quantitative finance, and financial mathematics, as well as first-year postgraduate students, it is based on the twin …
Accounng involves a process of collecng, recording, and reporng a business’s economic acvies to users. It is oen called the language of business because it uses a unique vocabulary to communicate informaon to decision makers. To understand accounng, we first look at the basic forms of business organizaons. The concepts and principles that provide the foundaon for financial accounng are the…
This book is intended for an undergraduate or MBA level Financial Accounting course. It covers the standard topics in a standard sequence, utilizing the Socratic method of asking and answering questions.
This book is a comparative study of international practices in bankruptcy law, providing perspectives from a variety of specialisms including practitioners, lawyers, bankers, accountants and judges from the United Arab Emirates, the UK and Singapore.
This book analyses the connections between the banking industry in Europe and the companies it finances. Ferretti specifically studies how these bonds have evolved over time and questions whether now is the time for a change in the relationship’s dynamics. Chapters discuss the role of bank lending in firms’ financing during the recent financial crisis, as well as issues in credit risk manag…