Economics' Approach to Financial Planning
- An events-study approach to detecting income-smoothing activities: Some evidence from... Karmon, David J.; Lubwama, Christopher W.K // Journal of International Accounting, Auditing & Taxation;1997, Vol. 6 Issue 1, p75
Expands the income-soothing literature by using an events-study methodology to detect smoothing activities. Information on the literature review and contribution of this study; Details on the methodology used for the event period testing; What the results of this study show.
- Optimal Smoothing Rules for University Financial Planning. Massy, William F.; Grinold, Richard C.; Hopkins, David S. P.; Gerson, Alejandro // Operations Research;Nov/Dec81, Vol. 29 Issue 6, p1121
The determination of each year's endowment payout, total spending, and transfers to or from reserves Is set up as an optimal smoothing rule problem. Stochastic laws of motion are formulated for total spending, operating income, changes in the balances for endowment and operating reserves, and...
- The changing income pyramid. Linden, Fabian // Across the Board;Jan1995, Vol. 32 Issue 1, p57
Presents an interpretation of a chart on the distribution of households by income bracket in 1990. Increase in the number of prosperous consumers.
- Classificatory Smoothing of Income with Extraordinary Items. Barnea, Amir; Ronen, Joshua; Sadan, Simcha // Accounting Review;Jan1976, Vol. 51 Issue 1, p110
The paper presents tests of whether extraordinary revenues and expenses are used to smooth ordinary or operating income over time. While the subject of income smoothing was discussed and tested previously, the role of extraordinary items never was tested for specifically and separately. This...
- Financial integration and consumption risk sharing and smoothing. Suzuki, Yui // International Review of Economics & Finance;Jan2014, Vol. 29, p585
Abstract: While paying careful attention to the stochastic properties of income process, this paper tests the joint rational expectation and permanent income hypothesis (RE/PIH) to clarify how and to what degree financial integration delinks national income and consumption. It is shown that both...
- EFFICIENT CAPITAL MARKETS AND THE INFORMATION CONTENT OF ACCOUNTING NUMBERS. Emery, John T. // Journal of Financial & Quantitative Analysis;Mar1974, Vol. 9 Issue 2, p139
The article reports on the relationship between efficient capital markets and the information content of accounting numbers. The efficient capital market theory states that when capital markets are efficient the security prices listed are a full reflection of all available information. However,...
- Estimating Income Variances by Probability Sampling: A Case Study. Shah, Akbar Ali; Aleem, M. // Pakistan Journal of Commerce & Social Sciences;Jul2010, Vol. 4 Issue 2, p194
The main focus of the study is to estimate variability in income distribution of households by conducting a survey. The variances in income distribution have been calculated by probability sampling techniques. The variances are compared and relative gains are also obtained. It is concluded that...
- Make a fresh fiscal start. Styles, Dermott // World of Irish Nursing & Midwifery;Jan2006, Vol. 14 Issue 1, p51
The article provides tips on financial planning. It is suggested to make a personal financial budget plan for the coming year. The options for meeting financial commitments are mentions such as increasing the income and reducing the spending. Ways to review debts are discussed. Debts are...
- EXPONENTIAL SMOOTHING: AN OVERVIEW AND APPRAISAL. Tersine, Richard J.; Green, Forrest B. // Industrial Management;Jul79, Vol. 21 Issue 4, p7
Explores the aspects of exponential smoothing (ES), a forecasting technique used in industries. Limitations; Advantages; Trend and seasonal effects in ES models; Adaptive forecasting techniques to improve the performance of ES; Evaluation of ES models.