Abstract: Purpose: This paper aims to extend and contribute to prior research on the association between company characteristics and choice of capital budgeting methods (CBMs). Design/methodology/approach: A multivariate regression analysis on questionnaire data from 2005 and 2008 is used to study which factors determine the choice of CBMs in Swedish listed companies. Findings: Our results supported hypotheses that Swedish listed companies have become more sophisticated over the years (or at least less unsophisticated) which indicates a closing of the theory-practice gap; that companies with greater leverage used payback more often; and that companies with stricter debt targets and less management ownership employed accounting rate of return more frequent. Moreover, larger companies used CBMs more often. Originality/value: The paper contributes to prior research within this field by being the first Swedish study to examine the association between use of CBMs and as many as twelve independent variables, including changes over time, by using multivariate regression analysis. The results are compared to a US and a continental European study.

Abstract: Issuing local government bonds will become a main financing manner and channel of municipal infrastructure in China while its major problem is volumes and credit risk control. Based on the KMV model, the credit risk model for municipal bonds is constructed in this paper and further study the patterns its probability distribution to improve prediction accuracy. After determining the forecast standards, we compute the safe issue volume of those provinces and municipalities who had issued municipal bonds. The end is a brief analysis of the reason to its bad marketing.

Abstract: Evaluation of banking system stability is enough hard task and it has very limited approaches and methods for solving of this problem. At the same time, this task is staying in the first place in the most banking systems, because it is important for further decision making and forecasting for the next development of these systems. This method also allowed to get the stability evaluation for banking systems (on example of the Ukraine banking system) based on more easy approach and will use it in the future each time when we need to get current volume of this estimation. This volume will help to us to receive a dynamic distribution, based on which we will be able to create a forecast and will decide right making for our object of researching (based on example banks).

Abstract: The main purpose of this study was to investigate the inter-relationship among economic growth, savings and inflation and to estimate the threshold level of inflation for the economy of Pakistan. Annually time series data from 1973 to 2010 were used. Simultaneous equation model was used in the study. Three equations were used. 2SLS technique was applied for findings the results. OLS model was used for investigating the suitable rate of inflation for the economic growth. Inflation, economic growth and savings were endogenous variables while unemployment, foreign direct investment, depreciation rate, real interest rate, total debt servicing, indirect taxes, dependency ratio and total investment were exogenous variables. The results of 2SLS showed that inflation and real interest rate negatively and significantly affect the economic growth, whereas depreciation rate positively affect the economic growth. Economic growth, unemployment and real interest rate were negatively affecting the inflation rate, while indirect taxes had positive impact on inflation. The results also showed that economic growth, dependency ratio (% of working age population) and foreign direct investment were beneficial for enhancing the savings of a country, while depreciation rate is harmful for savings. It was also observed that there is no significant relationship between inflation and savings. The findings of OLS indicated that 9% rate of inflation was to leralable for the economic growth of Pakistan.

Abstract: The inflow of foreign remittances is continuously increased in Pakistan and it has been estimated that about 13186.58 $ million received in the last fiscal year [23]. The main purpose of this study was to check the impact of remittances on household welfare as well as poverty of the household in Tehsil 18 Hazari, District jhang, Punjab, Pakistan. Household expenditures were used as a proxy variable to measure the welfare of household. Primary data were collected from the 9 union councils of Tehsil 18 Hazari. The size of sample was around 280, out of which 140 migrated households while 140 were non migrated. The results derived by application of OLS and logit model, revealed that education of household head, total number of animals, monthly income and foreign remittances were beneficial for improving the welfare of household while size of the house, marital status and dependency ratio negatively affected household welfare.