Mergers and Acquisitions in Australia: Reasons and Timing
... cycles but limited or no pro-cyclical variation in other cycles, a phenomenon we refer to as selective cyclical sensitivity. Thirdly, this finding is confirmed by simple econometric analyses: there are limited signs of the significance of a cyclical measure over the full period, but when the 1972-19 ...
... cycles but limited or no pro-cyclical variation in other cycles, a phenomenon we refer to as selective cyclical sensitivity. Thirdly, this finding is confirmed by simple econometric analyses: there are limited signs of the significance of a cyclical measure over the full period, but when the 1972-19 ...
Quid pro quo? What factors influence IPO allocations to
... A benign interpretation sees underpricing as an equilibrium phenomenon. Given the asymmetry of information about the valuation of companies, investment banks reward investors who reveal useful pricing information by making preferential allocations of underpriced shares to them (Benveniste and Spindt ...
... A benign interpretation sees underpricing as an equilibrium phenomenon. Given the asymmetry of information about the valuation of companies, investment banks reward investors who reveal useful pricing information by making preferential allocations of underpriced shares to them (Benveniste and Spindt ...
The Capital Conundrum for Co-operatives
... very nature of a limited liability commercial company is that of a permanent entity with permanent capital, until and unless it is brought to dissolution. The open doors of a cooperative also implies that new shares will be issued to new members as a matter of course and usually at nominal value if ...
... very nature of a limited liability commercial company is that of a permanent entity with permanent capital, until and unless it is brought to dissolution. The open doors of a cooperative also implies that new shares will be issued to new members as a matter of course and usually at nominal value if ...
Form ADV - Palisade Capital Management
... When a material conflict of interest occurs, the Proxy Agent will be solely responsible for voting the affected Client proxy based on its Guidelines or specific Client restrictions, and Palisade will not be permitted to “override” the recommendation (as described above). When a non-material conflic ...
... When a material conflict of interest occurs, the Proxy Agent will be solely responsible for voting the affected Client proxy based on its Guidelines or specific Client restrictions, and Palisade will not be permitted to “override” the recommendation (as described above). When a non-material conflic ...
NATIONAL ASSEMBLY SOCIALIST REPUBLIC OF VIETNAM
... the investor that the investor has enjoyed previously. If any damage is caused to the legitimate interest of an investor, various support measures shall be taken or damages shall be paid in accordance with the law. 2. In case where newly promulgated policies, law provide for interests and incentives ...
... the investor that the investor has enjoyed previously. If any damage is caused to the legitimate interest of an investor, various support measures shall be taken or damages shall be paid in accordance with the law. 2. In case where newly promulgated policies, law provide for interests and incentives ...
What`s Holding Back the Private Sector in MENA?
... the European Investment Bank, and/or The World Bank shall not be liable for any content or error in this translation. Adaptations—If you create an adaptation of this work, please add the following disclaimer along with the attribution: This is an adaptation of an original work by the European Bank f ...
... the European Investment Bank, and/or The World Bank shall not be liable for any content or error in this translation. Adaptations—If you create an adaptation of this work, please add the following disclaimer along with the attribution: This is an adaptation of an original work by the European Bank f ...
Legal Investor Protection and Takeovers
... the takeover contest. To see this, assume that bidder 1 has no private wealth while bidder 2 has private wealth of 8. In this case, bidder 1 is able to pay 70 for the target but bidder 2 is able to pay 71: he can raise 63 from outside investors and use 8 of his own wealth. Consequently, bidder 2 can ...
... the takeover contest. To see this, assume that bidder 1 has no private wealth while bidder 2 has private wealth of 8. In this case, bidder 1 is able to pay 70 for the target but bidder 2 is able to pay 71: he can raise 63 from outside investors and use 8 of his own wealth. Consequently, bidder 2 can ...
QSC AG GB 2005_eng
... additional cash in the capital market in December 2005 through a capital increase. In both this transaction as well as the celox acquisition, we used the authorized capital that had been made available by you. In order to be able to quickly seize opportunities that present themselves to the benefit ...
... additional cash in the capital market in December 2005 through a capital increase. In both this transaction as well as the celox acquisition, we used the authorized capital that had been made available by you. In order to be able to quickly seize opportunities that present themselves to the benefit ...
music broadcast limited
... This being the first public issue of Equity Shares of our Company, there has been no formal market for the Equity Shares. The face value of the Equity Shares is ` 10 each. The Floor Price is [●] times the face value and the Cap Price is [●] times the face value. The Offer Price (determined and justi ...
... This being the first public issue of Equity Shares of our Company, there has been no formal market for the Equity Shares. The face value of the Equity Shares is ` 10 each. The Floor Price is [●] times the face value and the Cap Price is [●] times the face value. The Offer Price (determined and justi ...
HERCULES TECHNOLOGY GROWTH CAPITAL INC
... industries for which we may earn management or other fees for our services. We may also invest in the equity of these funds, along with other third parties, from which we would seek to earn a return and/or future incentive allocations. Some of these transactions could be material to our business. Co ...
... industries for which we may earn management or other fees for our services. We may also invest in the equity of these funds, along with other third parties, from which we would seek to earn a return and/or future incentive allocations. Some of these transactions could be material to our business. Co ...
Since upgrades are rare, bonds issuers have stronger incentives to
... issuer will default by failing to make principal and interest payments under the bond’s terms. 6 A credit rating is basically an opinion provided by a rating agency as to credit risk. The primary credit rating category is most commonly denoted with letter ratings. For example, S&P uses ten “broad” c ...
... issuer will default by failing to make principal and interest payments under the bond’s terms. 6 A credit rating is basically an opinion provided by a rating agency as to credit risk. The primary credit rating category is most commonly denoted with letter ratings. For example, S&P uses ten “broad” c ...
Index Methodology Template w_Cover
... local GAAP but reports in other GAAPs, such as IAS or US GAAP, then MSCI will follow the latter. For a large number of European countries and some other countries in the Asia-Pacific, MSCI started following IFRS accounting in the year 2006 (please refer to Appendix I for details on MSCI’s treatment ...
... local GAAP but reports in other GAAPs, such as IAS or US GAAP, then MSCI will follow the latter. For a large number of European countries and some other countries in the Asia-Pacific, MSCI started following IFRS accounting in the year 2006 (please refer to Appendix I for details on MSCI’s treatment ...
2014 Annual Report
... We reduced the maximum cash incentive pool funding for senior management from 250% of target to 200%. We made this change in 2012 for CEO compensation, so this change will align other executive officers with this structure in 2014. Management also revised certain employee benefit programs, which inc ...
... We reduced the maximum cash incentive pool funding for senior management from 250% of target to 200%. We made this change in 2012 for CEO compensation, so this change will align other executive officers with this structure in 2014. Management also revised certain employee benefit programs, which inc ...
Why Public-Private Partnerships Don`t Work
... had tried to conceal their true liabilities by moving them ‘off-balance-sheet’, so governments started using PPPs as “tricks…. whereby public accounts imitate the creative accounting of some companies in the past.” * The phrase ‘public private partnerships’ has been used with two other meanings. Fir ...
... had tried to conceal their true liabilities by moving them ‘off-balance-sheet’, so governments started using PPPs as “tricks…. whereby public accounts imitate the creative accounting of some companies in the past.” * The phrase ‘public private partnerships’ has been used with two other meanings. Fir ...
CRACKER BARREL OLD COUNTRY STORE, INC
... R: 239 G: 160 B: 47 R: 110 G: 65 B: 25 R: 113 G: 153 B: 161 R: 230 G: 130 B: 36 R: 158 G: 45 B: 51 R: 88 G: 100 B: 62 Analyst Coverage of Biglari’s Proposed $20 Per Share Special Dividend What Biglari Says … … About Analyst Coverage of Biglari’s Proposed $20 Per Share Special Dividend On slide 2 of ...
... R: 239 G: 160 B: 47 R: 110 G: 65 B: 25 R: 113 G: 153 B: 161 R: 230 G: 130 B: 36 R: 158 G: 45 B: 51 R: 88 G: 100 B: 62 Analyst Coverage of Biglari’s Proposed $20 Per Share Special Dividend What Biglari Says … … About Analyst Coverage of Biglari’s Proposed $20 Per Share Special Dividend On slide 2 of ...
Growth and strategies of large, lead firms - Remgro Ltd
... unique in the context of the South African economy in terms of the very high value of assets held in firms in which it has a controlling interest (corporate control, along with financial interest) across key industrial and consumer goods sectors. The value of Remgro’s highly diversified interests he ...
... unique in the context of the South African economy in terms of the very high value of assets held in firms in which it has a controlling interest (corporate control, along with financial interest) across key industrial and consumer goods sectors. The value of Remgro’s highly diversified interests he ...
Deutsche AM Flagship Fund Reporting
... When the custodian sets the price on the last trading day of the month there can be a difference of up to ten hours between the times at which the fund price and the benchmark are calculated. In the event of strong market movements during this period, this may result in the over- or understatement o ...
... When the custodian sets the price on the last trading day of the month there can be a difference of up to ten hours between the times at which the fund price and the benchmark are calculated. In the event of strong market movements during this period, this may result in the over- or understatement o ...
words - Nasdaq`s INTEL Solutions
... appreciation from our equity-related investments. We are an internally-managed, non-diversified closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Our primary business objectives are to increase our net income, net ...
... appreciation from our equity-related investments. We are an internally-managed, non-diversified closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Our primary business objectives are to increase our net income, net ...
Panasonic acquired 57.01% of the outstanding shares in Zetes
... B.V., 57.01% of the outstanding Zetes shares. This is inclusive of 23.70% of the Zetes shares held by Zephir Corporation SA as well as 0.81% of the Zetes shares that are currently held by Zetes as treasury stock. Zetes no longer has any outstanding stock options. Following the acquisition of its sta ...
... B.V., 57.01% of the outstanding Zetes shares. This is inclusive of 23.70% of the Zetes shares held by Zephir Corporation SA as well as 0.81% of the Zetes shares that are currently held by Zetes as treasury stock. Zetes no longer has any outstanding stock options. Following the acquisition of its sta ...
Director Penalties and Incentives to Restate: Evidence from Stock
... restatement. We gain insight into whether director penalties are levied in this manner by separately examining the penalties for the underlying misstatement and the restatement in two ways. First, we examine stock option data to identify firms that likely backdated but did not issue a restatement. P ...
... restatement. We gain insight into whether director penalties are levied in this manner by separately examining the penalties for the underlying misstatement and the restatement in two ways. First, we examine stock option data to identify firms that likely backdated but did not issue a restatement. P ...
2015 Annual Report - Deutsche Post DHL Group
... division are likely to continue rising steadily, a significant improvement is expected for Global Forwarding, Freight and Supply Chain, now that the expenses incurred in connection with the transformation process will no longer arise. The Corporate Center / Other result is projected to remain at aro ...
... division are likely to continue rising steadily, a significant improvement is expected for Global Forwarding, Freight and Supply Chain, now that the expenses incurred in connection with the transformation process will no longer arise. The Corporate Center / Other result is projected to remain at aro ...
Tying, investment, and the dynamic leverage theory
... completely dependent upon success in the other. An entrant can gain access to consumers and earn a positive profit only if the entrant in the other product is also successful. Tying, thus, makes the prospects of investment less certain, reducing the entrants’ incentive for investment and innovation. ...
... completely dependent upon success in the other. An entrant can gain access to consumers and earn a positive profit only if the entrant in the other product is also successful. Tying, thus, makes the prospects of investment less certain, reducing the entrants’ incentive for investment and innovation. ...
Main Street Capital CORP (Form: 10-K, Received: 02
... Our principal investment objective is to maximize our portfolio's total return by generating current income from our debt investments and capital appreciation from our equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a ...
... Our principal investment objective is to maximize our portfolio's total return by generating current income from our debt investments and capital appreciation from our equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a ...
2015 Preqin Sovereign Wealth Fund Review: Exclusive Extract
... Where other institutional investors hold more stringent liquidity requirements in comparison with the multi-generational mission of sovereign wealth funds, potential investments in highly illiquid asset classes and strategies are more feasible, the longer the investment horizon. Sovereign wealth fun ...
... Where other institutional investors hold more stringent liquidity requirements in comparison with the multi-generational mission of sovereign wealth funds, potential investments in highly illiquid asset classes and strategies are more feasible, the longer the investment horizon. Sovereign wealth fun ...
strategic asset allocation
... • In the context of determining a strategic asset allocation, the asset/liability management (ALM) approach involves explicitly modeling liabilities and adopting the optimal asset allocation in relationship to funding liabilities. • Investors other than those with significant future liabilities may ...
... • In the context of determining a strategic asset allocation, the asset/liability management (ALM) approach involves explicitly modeling liabilities and adopting the optimal asset allocation in relationship to funding liabilities. • Investors other than those with significant future liabilities may ...
Private equity in the 1980s
Private equity in the 1980s 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 development of the private equity and venture capital asset classes has occurred through a series of boom and bust cycles since the middle of the 20th century. The 1980s saw the first major boom and bust cycle in private equity. The cycle which is typically marked by the 1982 acquisition of Gibson Greetings and ending just over a decade later was characterized by a dramatic surge in leveraged buyout (LBO) activity financed by junk bonds. The period culminated in the massive buyout of RJR Nabisco before the near collapse of the leveraged buyout industry in the late 1980s and early 1990s marked by the collapse of Drexel Burnham Lambert and the high-yield debt market.