Cross-Autocorrelation between Small and Large Cap Portfolios in the German and Turkish Stock Markets

In a modem dynamic economy, because of technological, legal and regulatory uncertainties surrounding such environmental liabilities, long-term accrued liabilities are often difficult to determine and calculate combined with the fact that management of corporations embedded to 'natural capitalism' need to focus on intangible assets like intellectual knowledge capital. As ill-suited conventional accounting methodologies have failed to answer these crucial issues in a difficult and political risk-oriented economic climate, the challenges faced by corporations to tackle such problems and issues like delivering share-price performance (especially future value) with, for instance more than US$ seven trillion worth of the US stock market based on future value, the need for a better and new approach to financial statement analysis is more critical than ever.