The assumption that NPV equals the gain in shareholder wealth underlies the validity of the
NPV criterion in project selection. A necessary condition for this equivalence is the ability of …

By a variety of measures, mutual funds have grown dramatically as vehicles for investing in
portfolios of stock, and funds have become major players in equity markets. Just how …

The severe inflation of recent years has altered the relative attractiveness of various classes
of investment assets. It has also made it far more difficult for investors to realize a positive …

Textbooks are agreed that evaluation of a prospective investment project in terms of its net
present value provides a meaningful assessment of the project's ability to contribute to …

Is a low rate of expected inflation necessary in order to generate outstanding returns on
equity? Does it explain the strong stock market performance of the 1990s through mid-1997? …

… Alan R. Sumutka is an associate professor of accounting, Margaret O’ReillyAllen is an
assistant professor of accounting, Maury R. Randall is a pro fessor of finance, and James Morgan …

This study indicates that disposable income data understate the impact of high rates of inflation
upon households. The income statistics do not include the effects of higher price levels …

This paper examines whether there is any linkage between high levels of sovereign debt
and the size of the elderly population. It is primarily a descriptive study which utilizes simple …

This paper provides a critique of the US Health Care system compared to other OECD (Organization
for Economic Co-operation and Development) nations and extends the work of …

CPAs are in a unique position to broaden their practice and to provide clients with a valuable
and important service: investment and tax planning for money market instruments, bonds, …