This issue contains 13 papers dealing with the issue of financial analysis, planning and forecasting. They can be classified into two major groups: (a) risk analysis and (b) financial evaluation models. The risk analysis group includes five papers as follows: time-varying accounting betas and risk estimation for thinly traded stocks - Finnish evidence; additional evidence on managerial ownership and risk-taking behaviour in banking industry; a DSS approach to managing the risks of online trading; estimating exchange rate exposure of US MNC's operating in South America; and analyzing the risks inherent in the Proctor and Gamble-Bankers Trust levered swap contract. The financial evaluation models group consists of seven papers as follows: contextual accrual and cash flow based valuation models - impact of multinationality and corporate reputation; predicting changes in cash flow; valuing repurchasing corporations with the discounted dividend model - theory and application; the role of taxes in the composition of the firm's retirement plans; the valuation of the multinationality of US multinational firms; cross-classification models - comparative empirical findings; and an extension of break-even analysis for financial planning. In addition to these two groups there is a paper using survey approach to banking operations entitled "Organizational Features, Operating Procedures, and Overdue Loans: empirical findings from a Commercial Bank's opinion survey in Taiwan". In summary, this issue should be useful for readers who are interested in risk analysis and alternative financial evaluation models.