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The accelerated pace of change in the global economy and capital markets along with the complexity of transactions and financial reporting that involve applying fair value measurements (FVM) is a major third-party user concern. The 2008 financial crisis highlighted risks that investors are exposed to when making FVM-related capital allocations. Accounting estimates often involve subjective assumptions and measurement uncertainty, increasing potential management bias (Choudhary, 2011; Ramanna & Watts, 2012). FVMs are of critical importance to the reliability of the financial statements. Therefore, the purpose of this chapter is to inform educators of the possible need to evaluate their curriculum as to coverage of FVM topics. The support for this evaluation is based on our attempt to: (1) evaluate the extent of reported FVM-related deficiencies with reference to regulatory bodies’ findings of significant deficiencies in FVM; (2) examine the use of FVM specialists; (3) determine if colleges and universities are keeping pace with FVM demands; (4) list the Uniform CPA Examination Blueprint FVM testing areas; and (5) provide curricular FVM topic recommendations.

The purpose of this chapter is to serve as a basic guide to introduce the reader to different types of valuation techniques utilized when valuing new technologies. The goal is to familiarize the reader with the differing techniques along with some of the issues in utilizing them. The chapter begins with the foundation of corporate finance – the time value of money – and moves through brief discussions on discounted cash flow, decision tree analysis, Monte-Carlo analysis, and real option analysis. The chapter ends with a discussion emphasizing the need to place valuation into a larger context of firm control rights and ownership.

Conventional models for the business valuation of technology are usually financially oriented and only measure economic value. Several of these financially oriented approaches have been reviewed by Leloux and Groen (2007). Current monetary (financial) valuation methods for technology include cost-based methods, income-based methods and market-based methods (Martin, 1999; Goldheim, Slowinski, Joseph, Edward, & John, 2005).

This article considers the contribution of social science in the teaching of finance based on personal teaching experience in the fields of both market finance and corporate finance. We show how adopting a social science lens can help to change teaching practice in the field. First, due to the social science research epistemology, we apply an inductive method based on observations of real facts, e.g., a financial scandal, a crisis, evaluation of a product, the bank credit granting process. Second, we portray objectified finance as it actually works. Third, we focus on deconstruction to offer a fresh take on the world of finance with the help of critical analysis. Depending on the finance course and the target audience, this can be done through the lens of techniques, financial organisation or an analysis of institutions. The paper offers new ideas to rejuvenate finance education. More specifically, by teaching finance through the lens of social science, we can abandon the monolithic and dogmatic framework of finance theory and instead propose a pluralism of theoretical frameworks and a continuum of complementary interpretations. In addition to developing students' open-mindedness in the field of finance, the inductive approach starting from by how finance actually works enriches the material provided by ‘seminal’ finance books that are mostly confined to mainstream theory. Social science is a developing and rich area of research, but, to our knowledge, its implications for finance teaching have yet to be analysed.

This chapter tries to find that how to reduce transaction cost in corporate governance by subjecting it institutionally to ethics and values of interactive and consensual decision making with transparency gained from participation between managers and shareholders/stakeholders and the community at large. This is an epistemological problem in Islamic approach to corporate governance. This chapter brings these out in technical language and methodology. An analytical epistemological and comparative study between mainstream and Islamic conceptions in corporate governance is used to develop the idea mentioned above. The analytical model used is of an ethico-economic general equilibrium type with learning variables. This chapter conveys an original idea that has not been taken up elsewhere. It reflects the systems approach to the study of behavior in corporate setting within the epistemology of systemic unity of knowledge.

Intellectual capital is the set of all intangible assets, that is, invisible, non-monetary assets held by a library, which can be identified as separate assets. Intellectual capital has become the buzzword of a knowledge-based economy and is the ultimate source of competitive advantage. In this work, we review the literature to analyse the effect of intellectual capital utilisation in the overall library management, to identify and classify intellectual capital and to provide some guidelines for researchers and practitioners. A literature review for the intellectual capital in libraries is conducted, and a qualitative analysis is undertaken, which interrelates library management to intellectual capital is taking place. The review leads to identification and classification of intellectual capital as well as to a number of quite innovative and interesting issues for the interrelation of intellectual capital to the management of libraries. The issues studied include intellectual capital economic valuation methods, the effect of the locality (spatial factor) to intellectual capital utilisation and the analysis of co-opetition (cooperation and competition) for intellectual capital utilisation. This is one of only a few studies about the management of intellectual capital in libraries and information services (LIS)—an innovative and challenging area of research in library management.

We empirically examine the institutional dynamics attending the process whereby legitimate organizational symbols become illegitimate. We conducted two studies, one historical and one comparative, of those firms that appended “dot-com” to their names during the period of “Internet euphoria,” 1998–1999. The first study analyzes the legitimacy over time for one case, that of Egghead software, the first organization to affix “dot-com” to its name. The second study compares the legitimacy of firms named “dot-com” in the wake of the “dot-com” crash, using both public perceptions and financial valuations. Results from the two studies indicate that good organization names can go bad rather quickly and illustrate how swift and definitive the process of deinstitutionalization can be.