Pride and Prestige: Why Some Firms Pay Their CEOs Less
... Our notion is that CEOs care intrinsically about the ranking membership of their firms and that media rankings establish a desirable status symbol. We show that CEOs of publicly listed firms are indeed willing to exchange monetary compensation for non-monetary benefits from social status: CEOs of fi ...
... Our notion is that CEOs care intrinsically about the ranking membership of their firms and that media rankings establish a desirable status symbol. We show that CEOs of publicly listed firms are indeed willing to exchange monetary compensation for non-monetary benefits from social status: CEOs of fi ...
FAQs by Issuers
... Though the basic elements of the analysis that go into credit rating and IPO grading are the same - business prospects, financial prospects, management quality and corporate governance - the orientation of the analysis and, therefore, outcomes, are very different as the assessment is undertaken for ...
... Though the basic elements of the analysis that go into credit rating and IPO grading are the same - business prospects, financial prospects, management quality and corporate governance - the orientation of the analysis and, therefore, outcomes, are very different as the assessment is undertaken for ...
electronic reporting specification * qtfn and abn pc spreadsheet
... On 1 July 2015, Division 393 of Schedule 1 of the Taxation Administration Act 1953 (TAA 1953) replaced regulation 55 of the Income Tax Regulations 1936. Under Division 393 of the TAA 1953, an entity defined as an investment body under section 202D of Part VA of the Income Tax Assessment Act 1936 (IT ...
... On 1 July 2015, Division 393 of Schedule 1 of the Taxation Administration Act 1953 (TAA 1953) replaced regulation 55 of the Income Tax Regulations 1936. Under Division 393 of the TAA 1953, an entity defined as an investment body under section 202D of Part VA of the Income Tax Assessment Act 1936 (IT ...
FREE Sample Here
... http://testbankonline.eu/Test-bank-for-Analysis-of-Investments-and-Management-of-Portfolios,-IE-10 th-Edition-by-Frank-K.-Reilly 38. Assume that you invest $1250 at the end of each of the next 15 years in a mutual fund. You currently have $10,000 in the mutual fund. The annual rate of interest that ...
... http://testbankonline.eu/Test-bank-for-Analysis-of-Investments-and-Management-of-Portfolios,-IE-10 th-Edition-by-Frank-K.-Reilly 38. Assume that you invest $1250 at the end of each of the next 15 years in a mutual fund. You currently have $10,000 in the mutual fund. The annual rate of interest that ...
Discussion Document 92 (v 8) Assessment of Group Solvency
... The IAIS’s issues paper on group-wide solvency assessment and supervision issued March 2009, specifically details solvency assessment and included the following: Capital adequacy Principle 1: Capital adequacy should be assessed on a group-wide basis. In the assessment of capital adequacy on a group- ...
... The IAIS’s issues paper on group-wide solvency assessment and supervision issued March 2009, specifically details solvency assessment and included the following: Capital adequacy Principle 1: Capital adequacy should be assessed on a group-wide basis. In the assessment of capital adequacy on a group- ...
Negotiating an Equity Capital Infusion from Outside Investors
... about the investment because of the limited exit options (e.g., ways to withdraw from the investment and make money), lack of historical performance data of the MFI, and the relatively small investment size compared to the amount of due diligence and transaction costs required. Still, the fund is ve ...
... about the investment because of the limited exit options (e.g., ways to withdraw from the investment and make money), lack of historical performance data of the MFI, and the relatively small investment size compared to the amount of due diligence and transaction costs required. Still, the fund is ve ...
Capital structure and volatility of risk
... Shyam-Sunder and Myers (1999) propose a test of the original pecking order based on how firms finance their need for external capital. The starting point is the following accounting identity of cash flows: ...
... Shyam-Sunder and Myers (1999) propose a test of the original pecking order based on how firms finance their need for external capital. The starting point is the following accounting identity of cash flows: ...
The concept of investment efficiency and its application to
... future outcomes, or deciding to follow a peer group allocation that was deemed suitable for the achievement of the objectives. 2.5.3 Quantitative methods include asset modelling (AM) and asset liability modelling (ALM). Both AM and ALM are risk assessment techniques that involve making projections o ...
... future outcomes, or deciding to follow a peer group allocation that was deemed suitable for the achievement of the objectives. 2.5.3 Quantitative methods include asset modelling (AM) and asset liability modelling (ALM). Both AM and ALM are risk assessment techniques that involve making projections o ...
The Leverage Effect on Stock Returns-EFMA
... They observe that the leverage component is negatively associated with stock returns. They argue that this negative relation between leverage and stock returns indicates how leverage should be priced and taken into account whilst evaluating risk in the asset pricing models. The results of this study ...
... They observe that the leverage component is negatively associated with stock returns. They argue that this negative relation between leverage and stock returns indicates how leverage should be priced and taken into account whilst evaluating risk in the asset pricing models. The results of this study ...
research paper series Research Paper 2007/33
... the degree of financial constraints that they face, and on their probabilities of survival, and of entering export markets. Our model assumes that each firm has to borrow a certain fixed amount to operate in the market, and that it faces a normally distributed income shock, which determines its inco ...
... the degree of financial constraints that they face, and on their probabilities of survival, and of entering export markets. Our model assumes that each firm has to borrow a certain fixed amount to operate in the market, and that it faces a normally distributed income shock, which determines its inco ...
The Development of a European Capital Market
... No systematic analysis of national capital markets has therefore been undertaken. An analysis of this kind would at best have been of only limited value since papers ...
... No systematic analysis of national capital markets has therefore been undertaken. An analysis of this kind would at best have been of only limited value since papers ...
The Essays of Warren Buffett: Lessons for
... Berkshire retains and reinvests earnings when doing so delivers at least proportional increases in per share market value over time. It uses debt sparingly and sells equity only when it receives as much in value as it gives. Buffett penetrates accounting conventions, especially those that obscure re ...
... Berkshire retains and reinvests earnings when doing so delivers at least proportional increases in per share market value over time. It uses debt sparingly and sells equity only when it receives as much in value as it gives. Buffett penetrates accounting conventions, especially those that obscure re ...
A note on portfolio selection, diversification and
... comparison procedure is employed.7 This study employs single factor analysis of variance (ANOVA) and then utilises Tukey’s honestly significant difference (HSD) criterion (Tukey (1953)). The latter is a post hoc procedure designed specifically for performing pair-wise comparisons of the means based ...
... comparison procedure is employed.7 This study employs single factor analysis of variance (ANOVA) and then utilises Tukey’s honestly significant difference (HSD) criterion (Tukey (1953)). The latter is a post hoc procedure designed specifically for performing pair-wise comparisons of the means based ...
... capital can be sorted by entry modes: establishment of a new company, privatisation and M&A2 of a private company. There can also be follow-up investments in these three types. Different types of FDI in different industries can be found. If greenfield FDI is missing in manufacturing, it may need pro ...
Do Firms Choose Their Stock Liquidity? A Study of Innovative Firms
... capital, especially because their assets are typically intangibile and cannot be collateralized easily (Odders-White and Ready, 2006); and finally, given the long-term nature of their investments, they prefer to raise capital such that there are fewer “interruptions” and more discretion. But given t ...
... capital, especially because their assets are typically intangibile and cannot be collateralized easily (Odders-White and Ready, 2006); and finally, given the long-term nature of their investments, they prefer to raise capital such that there are fewer “interruptions” and more discretion. But given t ...
Free Cash Flow, Growth Opportunities, And Dividends: Does Cross
... as the resources not paid out as dividends (i.e., retained by the company) can be used to fund profitable projects which take advantage of the available growth opportunities. If lower dividend payments are not in place when growth opportunities are stronger, underinvestment in worthwhile projects ma ...
... as the resources not paid out as dividends (i.e., retained by the company) can be used to fund profitable projects which take advantage of the available growth opportunities. If lower dividend payments are not in place when growth opportunities are stronger, underinvestment in worthwhile projects ma ...
Word - corporate
... managed, non-diversified management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Furthermore, as the Company is an investment company, it continues to apply the guidance in FASB Ac ...
... managed, non-diversified management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Furthermore, as the Company is an investment company, it continues to apply the guidance in FASB Ac ...
foresIght SolAr EiS
... conditions of this Information Memorandum. The attention of prospective investors is drawn to the fact that amounts invested in the Fund will be committed to investments which may be of a long term and illiquid nature. Neither the Fund nor the companies in which it invests will be quoted on any reco ...
... conditions of this Information Memorandum. The attention of prospective investors is drawn to the fact that amounts invested in the Fund will be committed to investments which may be of a long term and illiquid nature. Neither the Fund nor the companies in which it invests will be quoted on any reco ...
Dividend Policy, Strategy and Analysis
... The cost of this erratic behavior was staggering. After two years of steel profits at the beginning of the 1980s equal to $9 per share, National Intergroup proceeded to lose $42.45 per share over the next seven years. Dividends would have been— they should have been—the issue on which a more rationa ...
... The cost of this erratic behavior was staggering. After two years of steel profits at the beginning of the 1980s equal to $9 per share, National Intergroup proceeded to lose $42.45 per share over the next seven years. Dividends would have been— they should have been—the issue on which a more rationa ...
Speaking of the Short-term: Disclosure Horizon and Capital Market
... used by past studies. Specifically, we control for the tone and complexity of the language in conference calls and also the propensity to discuss the future. We find that our results are unchanged. Moreover, we show that our results are robust when we control in the performance analysis for private ...
... used by past studies. Specifically, we control for the tone and complexity of the language in conference calls and also the propensity to discuss the future. We find that our results are unchanged. Moreover, we show that our results are robust when we control in the performance analysis for private ...
capital budgeting
... 5. Financing costs are ignored: This may seem unrealistic, but it is not. Most of the time, analysts want to know the after-tax operating cash flows that result from a capital investment. Then these after-tax cash flows and the investment outlays are discounted at the required rate of return to find ...
... 5. Financing costs are ignored: This may seem unrealistic, but it is not. Most of the time, analysts want to know the after-tax operating cash flows that result from a capital investment. Then these after-tax cash flows and the investment outlays are discounted at the required rate of return to find ...
Early history of private equity
The early history of private equity relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.The origins of the modern private equity industry trace back to 1946 with the formation of the first venture capital firms. The thirty-five-year period from 1946 through the end of the 1970s was characterized by relatively small volumes of private equity investment, rudimentary firm organizations and limited awareness of and familiarity with the private equity industry.