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Debt‐equity swaps represent a new market‐based mechanism, by which debtor countries and creditor banks can defuse the acute problems associated with the international debt crisis. This paper describes, analyzes and evaluates debt‐equity swaps from the standpoint of the debtor country. It also discusses some of the possible advantages and disadvantages for LDCs that might contemplate the use of such swaps. The paper demonstrates how a successful debt‐equity swap program could play an important role in alleviating the IDCs' debt problem as well as contributing to their future economic growth.

The purpose of this paper is to examine the key influential factors that affect the entrepreneurial intentions of Kuwaiti nationals.

This study was carried out by a survey method, using a questionnaire that targeted all Kuwaiti nationals over 18 who had the possibility of becoming entrepreneurs. The respondents’ perceptions of six antecedents that could influence entrepreneurial intentions were analyzed and assessed using correlation and regression statistics.

The findings of this study clearly show that social networking, risk tolerance, the need for achievement as well as self-efficacy play a significant role in the entrepreneurial intentions of Kuwaiti nationals. The study also found that the need for achievement was the most important factor that affects whether or not these young Kuwaitis would wish to have their own business. It was also ascertained that both opportunity recognition and the accessibility of resources do not have any significant influence over their entrepreneurial intentions.

Although this study used a framework that was consistent with previous research studies, it did not include certain factors, which might also impact entrepreneurial intentions. Moreover, the quantitative approach used in this study may tend to obscure the relationship between variables, which could inevitably lead to biased results. However, the results obtained from this study may provide further insight into the subject area and prove beneficial to policymakers, researchers, and educators.

Empirical studies that investigate the factors that influence the entrepreneurial intentions among the people of the Middle East and GCC countries are considerably scarce. This study thus serves to augment the currently limited literature on the entrepreneurial intentions among people in developing Middle East countries, particularly that of Kuwaitis.

Energy represents an important component of production costs and therefore, an increase in energy prices directly impacts economic productivity, unemployment, inflation, and balance of payments equilibrium – often engendering currency devaluations. Until recently, the growth in demand for conventional fuels, mainly oil and gas, has widened imbalances between demand for and supply of energy. The effects of the surge in oil prices ripple across the entire global economy resulting in a redistribution of international liquidity. The latter creates global imbalances characterized by increasing balance of payment deficits and deteriorating the terms of trade, reducing the flow of non‐energy goods and services and increasing uncertainty of future global transactions. The aim of this paper is to shed some light on the impact of higher fuel prices on global liquidity management.

The objective of the study is to investigate the factors that differentiate long-term shareholder value (LTSV) creating firms from LTSV destroying firms.

Through the review of literature, the hypothesis for the study is developed. To test the hypothesis, the study collects data from S&P BSE 500 companies listed in Bombay Stock Exchange (BSE). Based on the average overall return to shareholders for the period from year 1991 to 2019, the study identifies top 25 LTSV creating and LTSV destroying firms. The top 50 firms form the basis of this study. The study uses descriptive statistics and independent sample t-test to test the hypothesis of the study.

Among the variables investigated such as capital management policy and effective capital management practices, business and financial strategy, intellectual capital strategy, relational capital strategy and human capital strategy, the study found effective capital management and governance as a long-term source of value for shareholders.

The study highlights the importance of inclusion of value-relevant information in the annual report of the company. The study also supports the proposition that discretionary disclosure of intangible assets is relevant for the market to enable market participants to reasonably comprehend the fair value of the firm.

Adoption of a reporting framework that ensures the availability of all value-relevant information including off-balance-sheet resources is in the interest of the investors and policymakers alike.

This is a first such study exploring the value-relevant information and the source of long-term value for listed firms.