March 2011

The modern portfolio theory as an investment decision tool

This research paper is academic exposition into the modern portfolio theory (MPT) written with a primary objective of showing how it aids an investor to classify, estimate, and control both the kind and the amount of expected risk and return in an attempt to maximize portfolio expected return for a given amount of portfolio risk, or equivalently minimize risk for a given level of expected return. A methodology section...

Author(s): Iyiola Omisore, Munirat Yusuf and Nwufo Christopher

March 2011

The evidence of management motivation to revalue property plant and equipment in Tunisia

This article deals with the relationship between emotions and accounting method. Specifically, it examines the links between cognitive biases and use of assets revaluation. Indeed, in order to improve the explanatory power of the positive theory of accounting, we integrated the behavioural dimension in the analysis of accounting choices: our goal is to show the role of these biases on the choice of revaluation...

Author(s): Mohamed Ali Azouzi and Anis Jarboui