Econometrics

Download Households as Corporate Firms: An Analysis of Household by Krislert Samphantharak PDF

By Krislert Samphantharak

This research proposes a conceptual framework for dimension worthwhile for an research of loved ones finance and financial improvement. The authors construct on and, the place acceptable, adjust company monetary money owed to create stability sheets, source of revenue statements, and statements of money flows for families in constructing nations, utilizing an built-in loved ones survey. The authors additionally illustrate the right way to observe the debts to an research of family finance that incorporates productiveness of family organisations, capital constitution, liquidity, financing, and portfolio administration. The conceptualization of this research has very important implications for size, questionnaire layout, the modeling of family judgements, and the research of panel information.

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Additional info for Households as Corporate Firms: An Analysis of Household Finance Using Integrated Household Surveys and Corporate Financial Accounting

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The initial survey and annual resurveys have now been extended to four additional provinces in the northern and the southern regions, as well as into towns and cities in all these provinces including the original four in the central and the northeast.  The Townsend Thai Monthly Survey In accordance with the initial project design, an intensive monthly survey was initiated in August l998 in a subset of villages from the original sampling frame. The selection controlled for the environment and deliberately sought variation in informal networks, local village institutions, and use of national-level institutions.

This is consistent to the fact that land market in rural area is not liquid so the ­current market price is not available. 2. Human Capital and Other Intangible Assets Balance sheets in standard corporate financial statements do not include some intangible assets such as patents, trademarks, and goodwill, as they are difficult to quantify and value. For households, intangible assets such as human capital are of potentially great importance. Human capital as an asset may generate a large share of household income.

If we make an additional arbitrary guess about initial balances, then we can enter cash in hand to the balance sheet in each month. Following a convention in corporate financial accounting, financial assets and liabilities appear on the balance sheet at their net present cash value. Non-monetary assets such as land, building, and equipment appear at acquisition cost. 8). The acquisition value of land may underestimate the current value of household’s total assets. g. digging a pond). We think that the approach we propose in this manuscript is less subject to measurement error as compared to estimating the present value of the land every month.

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