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There are two ways in which the risk of a capital project can be described. This article outlines these two approaches: Sensitivity Analysis and Probability Analysis, and emphasises the connection between the two methods. The output of a computer model of the sensitivity of the project to underlying factors is used as input for a probability analysis. The methods are illustrated with a case study, the MM Co Ltd.

The librarian and researcher have to be able to uncover specific articles in their areas of interest. This Bibliography is designed to help. Volume IV, like Volume III, contains features to help the reader to retrieve relevant literature from MCB University Press' considerable output. Each entry within has been indexed according to author(s) and the Fifth Edition of the SCIMP/SCAMP Thesaurus. The latter thus provides a full subject index to facilitate rapid retrieval. Each article or book is assigned its own unique number and this is used in both the subject and author index. This Volume indexes 29 journals indicating the depth, coverage and expansion of MCB's portfolio.

This article is based on responses to the 1982 general invitation from the Review Board for Government Contracts. The authors' main contention is that the pricing of government contracts has hitherto been deficient in at least two fundamental respects — the use of the historic cost accounting model as a computational framework for the costing and pricing of non‐competitive Government contracts and the use of ex post accounting rates of return for estimating target rates of return.

Given the range of tools and techniques available for appraising capital projects, financial managers are confronted with the problem of selecting appropriate techniques that adequately reflect their goals. This article explores the rationale underlying alternative measures of project profitability in order to discuss the relationship between various appraisal methods and the goals of management. Appraisal methods are introduced by way of numerical illustrations and diagrams which are summarised together with their underlying rationale into a single chart in order to facilitate easy reference.

Notes rapid growth in the number of depositary receipt (DR) listings on US exchanges and presents a study of those from East Asia. Explains how they allow US investors to trade in the equity or debt of non‐US companies through US institutions and reviews the relevant literature. Classifies 605 East Asian DRs at March 2000 by country, year of issue, sponsorship status, exchange, depositary bank and industry; and discusses reasons for the differences found. Tests the relationship between exchange rates and the issuance of DRs and presents the results, which show that firms may be more likely to issue DRs when their home currency is strong relative to the US dollar, i.e. when they can obtain the best listing price in US markets.

To identify likely trends in American society and the economy and discuss their implications for the inclusion of people with disabilities in the paid workforce.

An overview of recent and likely future trends relevant to the workforce participation of Americans with disabilities.

While some trends in policy, technology, and culture are likely to promote wider participation by individuals with disabilities in paid employment, other factors in the emerging economy, labor markets, and workplaces may constrain such participation.

Uncertainty over future changes does not allow accurate forecasting of labor market trends for people with disabilities.

Many previous analyses have focused on developments within single arenas such as communications or transportation technology that might enable people with disabilities to participate more easily in paid employment. Our essay suggests the relevance of multiple contextual factors in shaping labor markets for potential workers with disabilities, but also identifies some likely constraints in expanding employment opportunities for people with disabilities.

This paper reports the results of an empirical study of the determinants of capital structure of large Latin American companies. Variations with regard to the country, industry, and size of a company are examined for a sample of two hundred and thirty large companies located in twentytwo Latin American countries. This study is the first to examine the capital structures of this large set of Latin American companies. The results of this study indicate that while size does not seem to be significant, both country and industry are significant determinants of capital structure in Latin America not only in bivariate tests but also in multivariate statistical tests. Multinational and diversified companies, therefore, cannot assume uniformity of capital structure across countries and industries in Latin America and, they must take these differences into account in developing and setting capital structure, financing, evaluation, and management policies for their subsidiaries.

During the last decade or so there has been a huge outpouring of empirical studies of the efficient capital market hypothesis (ECMH). These studies are of potential use to the financial manager, not just as indicators of the extent to which capital markets are efficient, but more importantly as indicators as to the effects of certain financial policies and activity on a company's share price.