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Effect Type Strategy, Investment Opportunity Set In
Effect Type Strategy, Investment Opportunity Set In

... 2.1 Agency theory Agency theory is the basis of the theory underlying the company's current business practices. Agency theory is a theory that arise because of a conflict of interest between principal and agent. Principal shareholder while the agent as a manager. Principal agent contracted to perfor ...
securities and exchange commission - corporate
securities and exchange commission - corporate

... release, the first quarter results are disappointing. The business did get stronger over the quarter, and some of the causes of the disappointment are items that can cut negatively in 1 quarter and then surprise you by reversing themselves in another. Nevertheless, in total, the results in this quar ...
Deconstructing Equity: Public Ownership, Agency Costs, and
Deconstructing Equity: Public Ownership, Agency Costs, and

... 16, at 364-68 (reaffirming and expanding upon prediction made in 1995). ...
The Relationship between Organization Strategy, Fixed
The Relationship between Organization Strategy, Fixed

... pointed out intentional error was caused by the earnings management of managers whereas unintentional error was caused by management lapses and environmental uncertainty. Not to mention whether such errors are caused by the intentions of managers, the measurement errors for accruals will affect accr ...
Table A1: Resolution of Finance Distress, Sample
Table A1: Resolution of Finance Distress, Sample

... Future directions for this research include exploring different variables (accounting, economic or financial market), further variations on econometric models, extension of the data-set and joint prediction of with other quantities of interest (e.g., loss severity or time-to-resolution) ...
- Vision 2040 - National Development Plan of the Bahamas
- Vision 2040 - National Development Plan of the Bahamas

... solid waste management • Public infrastructure that does not support a modern economy or inclusive national development (energy, transportation, access for persons with disabilities) • Lack of long-term infrastructure planning • Complicated land tenure and registration processes • Lack of integratio ...
icma euro commercial paper committee
icma euro commercial paper committee

... to be covered with High Quality Liquid Assets; and hence it does not result in any incremental liquidity being available to support the business. The use of CP as a funding instrument for EU banks and securities companies will therefore become purely as a cash management tool i.e. if there is a spec ...
Articles - Romanian Economic and Business Review
Articles - Romanian Economic and Business Review

... Does all this amount to no more than a verbal dispute? This objection might be couched in these terms: Coase is choosing to characterize what occurs within market based firms as “non market,” and I am insisting that what takes place within a company is every bit as much “market”4 as are interactions ...
IFRS 2
IFRS 2

... understanding of users who do not have English as capitalisation, bonus issue or share split. Therefore, the mother tongue. number of ordinary shares outstanding is increased without an increase in resources. Before the event, this number is adjusted for its proportionate change as if the event had ...
CCLC Mission Endowment Fund
CCLC Mission Endowment Fund

... Foundation will always request the exact language of each legacy gift. Executors may be family members or friends who have not had the experience necessary to understand the nuances of gift language. A bequest that says “10% of my residual estate to CCLC to be held and the income used in whatever ma ...
पीडीएफ फाइल जो नई विंडों में खुलती है।
पीडीएफ फाइल जो नई विंडों में खुलती है।

... Leverage ratio is otherwise known as capital structure ratio. The term capital structure refers to the relationship between various long term forms of financing such as debentures (long term), preference share capital and equity share capital including reserves and surpluses. Financing the firm’s as ...
The countercyclical capital buffer in Spain: an
The countercyclical capital buffer in Spain: an

... we explore the performance of indicators of real estate property prices, external imbalances and private sector debt sustainability – including various transformations of the indicators when needed. In line with previous literature, we find that a broad but manageable set of indicators may help to i ...
The Relationship between Manufacturing Production and Goods
The Relationship between Manufacturing Production and Goods

... recession and recovery differ sharply from their more uniform movements during the business cycle of the early 1990s, they conform in important respects to their movements in the cycles of the mid-1970s and early 1980s. Having rejected the possibility of indicator error, we argue that the divergence ...
Independent Examination of Accounts
Independent Examination of Accounts

... Report. The duty of the independent examiner is to give what is called ‘negative assurance’. After looking at the evidence the Examiner Reports whether or not certain matters `have come to my attention`. These include lack of accounting records and the failure of Annual Accounts to comply with the C ...
The Tenth Development Plan (2014-2018)
The Tenth Development Plan (2014-2018)

... 3. ECONOMIC AND SOCIAL DEVELOPMENTS IN TURKEY DURING THE PREPLAN PERIOD......................................................................................................... 19 ...
criminal asset recovery in the eu - Europol
criminal asset recovery in the eu - Europol

... law enforcement agencies in charge. However, the criteria adopted for the estimations may vary from country to country. Market value or registered value of land and real estate seems to be the most used criteria across EU Member States. Just a few AROs answered that estimates are decided on a case b ...
Long-term Capital Market Return Assumptions
Long-term Capital Market Return Assumptions

... in China, will weaken the rate at which the demand for commodities grows and suppress prices in the near term. While still in the early innings of the demand/supply adjustment process, prices will ultimately have to rise to provide sufficient incentive for supply to keep up with long-term demand. De ...
Quantitative Easing and the Liquidity Channel of Monetary Policy
Quantitative Easing and the Liquidity Channel of Monetary Policy

... increase real interest rates, reduce capital accumulation, and contract the economy.3 This result is especially relevant to the current policy discussion because it resembles the original conception of a “liquidity trap” as a region where the relative demand of bonds and money is flat (Robertson, 1 ...
chapter 26 valuing real estate
chapter 26 valuing real estate

... large that investors in it may not be able to diversify sufficiently. In addition, they note that real estate investments require localized knowledge and that those who develop this knowledge choose to invest primarily or only in real estate. Consequently, they note that the use of the Capital Asset ...
Short-term Expectations in Listed Firms: The Effects of Different
Short-term Expectations in Listed Firms: The Effects of Different

... institutional investors as the main category of shareholders causing short-term behavior.7 However, the group of institutional investors is a heterogeneous shareholder class, including both transient and more long-term owners.8 Many institutional investors such as mutual fund managers face short-ter ...
A Responsible Market for Housing Finance
A Responsible Market for Housing Finance

... • Consumer protection: Ensure that the system supports the long-term best interest of all borrowers and consumers and protects against predatory practices These principles form the framework for this proposal. We also focus on three specific goals: • Preserving the availability of 30-year fixed-ra ...
American Economic Policy in the 1980s: A Personal View
American Economic Policy in the 1980s: A Personal View

... of the Council of Economic Advisers (CEA) from 1982 through 1984. In this chapter, I comment on those aspects of policy with which I was most closely involved during those years: monetary and exchange rate policy; tax policy; and budget issues. Of course, my interest in these subjects preceded my da ...
External link to publication
External link to publication

... Every society clings to a myth by which it lives. Ours is the myth of economic growth. For the last five decades the pursuit of growth has been the single most important policy goal across the world. The global economy is almost five times the size it was half a century ago. If it continues to grow ...
Three essays on risk management and financial stability
Three essays on risk management and financial stability

... presents a financial scoring model estimated on Czech corporate accounting data. Seven financial indicators capable of explaining business failure at a 1-year prediction horizon are identified. Using the model estimated in this way, an aggregate indicator of the creditworthiness of the Czech corpora ...
Long Term Risk - NCSU Statistics
Long Term Risk - NCSU Statistics

... in principal make the the equity requirement arbitrarily small by taking N to be sufficiently large. There are indeed a large number of BBB (and similar) issuers. However, defaults were assumed earlier to be independent random events, and concentrations of issuers in similar sectors and markets mean ...
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Public finance

Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.The purview of public finance is considered to be threefold: governmental effects on (1) efficient allocation of resources, (2) distribution of income, and (3) macroeconomic stabilization.
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