Franklin High Yield Fund
... Equity Group, Franklin Templeton Fixed Income Group and Templeton Global Macro are units of the firm Franklin; Templeton Emerging Markets Group and Templeton Global Equity Group are both units of the firm Templeton. For professional investor use only. Not for distribution to retail investors. ...
... Equity Group, Franklin Templeton Fixed Income Group and Templeton Global Macro are units of the firm Franklin; Templeton Emerging Markets Group and Templeton Global Equity Group are both units of the firm Templeton. For professional investor use only. Not for distribution to retail investors. ...
CRA Investment Fund Audited Financial Statements
... Loans receivable and allowance for loan losses Loans receivable are stated at the amount of unpaid principal, less loan loss reserves. The Companies evaluate each loan individually for impairment. A loan is impaired when it is probable that the Companies will be unable to collect all contractual pri ...
... Loans receivable and allowance for loan losses Loans receivable are stated at the amount of unpaid principal, less loan loss reserves. The Companies evaluate each loan individually for impairment. A loan is impaired when it is probable that the Companies will be unable to collect all contractual pri ...
PNC Capital Advisors, LLC
... Unless they have executed an investment advisory agreement with PNC Capital Advisors, shareholders in Funds advised by PNC Capital Advisors will not be advisory clients of PNC Capital Advisors (with respect to their investment in such Fund(s)), and PNC Capital Advisors will not provide investment a ...
... Unless they have executed an investment advisory agreement with PNC Capital Advisors, shareholders in Funds advised by PNC Capital Advisors will not be advisory clients of PNC Capital Advisors (with respect to their investment in such Fund(s)), and PNC Capital Advisors will not provide investment a ...
3.2 Country-Level Factors and Earnings Quality of Cross
... 2.2 Country-Level Factors and the Earnings Quality of Cross-Listed Firm Agency theory suggests that shareholders require protection because management may not always act in the interests of shareholders (Fama, 1980; Fama and Jensen, 1983; Jensen and Meckling, 1976). In the context of U.S. cross-lis ...
... 2.2 Country-Level Factors and the Earnings Quality of Cross-Listed Firm Agency theory suggests that shareholders require protection because management may not always act in the interests of shareholders (Fama, 1980; Fama and Jensen, 1983; Jensen and Meckling, 1976). In the context of U.S. cross-lis ...
Enron Corporation
... Corporation and its accounting firm Arthur Andersen, that was revealed in late 2001. • After a series of revelations involving irregular accounting procedures conducted throughout the 1990s, Enron was on the verge of bankruptcy by November of 2001. A white knight rescue attempt by a similar, smaller ...
... Corporation and its accounting firm Arthur Andersen, that was revealed in late 2001. • After a series of revelations involving irregular accounting procedures conducted throughout the 1990s, Enron was on the verge of bankruptcy by November of 2001. A white knight rescue attempt by a similar, smaller ...
Headstrong Group Inc HDST
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
The relationship between government bond yields and the market
... Specifically, we have been asked to: a. Review movements in CGS yields since December 2013 and consider the factors that have contributed to the pattern of CGS yields since this time and whether these factors are also likely to have impacted upon the required return on equity over this period, consi ...
... Specifically, we have been asked to: a. Review movements in CGS yields since December 2013 and consider the factors that have contributed to the pattern of CGS yields since this time and whether these factors are also likely to have impacted upon the required return on equity over this period, consi ...
Horace Mann Educators Corp HMN
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
Dril-Quip Inc DRQ
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
Aisan Industry Co Ltd 7283
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
dorma+kaba Holding AG 0QMS
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
Helen Of Troy Ltd HELE
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
Distribuidora Internacional De Alimentacion SA DIA
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
National Bank of Pakistan NBP
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
Managers` Discussion of Competition in the 10
... acquisitions undertaken. The positive associations between perceived competition and future R&D expenditures and acquisitions persist even after controlling for current period R&D and acquisition activities, respectively. Given our findings that firms alter their financing policies and investments ...
... acquisitions undertaken. The positive associations between perceived competition and future R&D expenditures and acquisitions persist even after controlling for current period R&D and acquisition activities, respectively. Given our findings that firms alter their financing policies and investments ...
Frame - Frips
... mechanic can often diagnose a problem by the sound of an engine, and a physician who has seen many cases of congestive heart failure develops a good feel for how much diuretic to administer. Interestingly, Charlie Munger once stated: "Warren often talks about these discounted cash flows, but I've ne ...
... mechanic can often diagnose a problem by the sound of an engine, and a physician who has seen many cases of congestive heart failure develops a good feel for how much diuretic to administer. Interestingly, Charlie Munger once stated: "Warren often talks about these discounted cash flows, but I've ne ...
Whither Delaware? Limited Commitment and the Financial Value of
... Delaware versus any of the Managerial States. Using pooled panel Tobin’s Q regressions with firm fixed effects, reincorporation into Delaware is associated with a decrease in Tobin’s Q of 26% (t-statistic of 4.85), while reincorporation into a Managerial State is associated with an increase in Tobin ...
... Delaware versus any of the Managerial States. Using pooled panel Tobin’s Q regressions with firm fixed effects, reincorporation into Delaware is associated with a decrease in Tobin’s Q of 26% (t-statistic of 4.85), while reincorporation into a Managerial State is associated with an increase in Tobin ...
The Leverage Effect on Stock Returns-EFMA
... both high and low concentration industries. Our findings show that corporate level taxes increase the effect of leverage. Many studies in financial literature analyse the decisions on capital structure and leverage. Capital structure decisions are critical as a shift in the firm’s attitude to levera ...
... both high and low concentration industries. Our findings show that corporate level taxes increase the effect of leverage. Many studies in financial literature analyse the decisions on capital structure and leverage. Capital structure decisions are critical as a shift in the firm’s attitude to levera ...
Une nouvelle approche des relations entre la gouvernance d
... Corporate governance (CG), corporate financial performance (CFP), and corporate social responsibility (CSR) have been important research issues for decades, and have been the subject of several studies in the literature. CSR has been presented as a set of self-regulating practices led by companies a ...
... Corporate governance (CG), corporate financial performance (CFP), and corporate social responsibility (CSR) have been important research issues for decades, and have been the subject of several studies in the literature. CSR has been presented as a set of self-regulating practices led by companies a ...
Factors Affecting Dividend Payout
... Dividend policy has been analyzed for many decades, but no universally accepted explanation for companies’ observed dividend behavior has been established. Brealey and Myers (2005) described dividend policy as one of the top ten most difficult unsolved problems in financial economics. This descripti ...
... Dividend policy has been analyzed for many decades, but no universally accepted explanation for companies’ observed dividend behavior has been established. Brealey and Myers (2005) described dividend policy as one of the top ten most difficult unsolved problems in financial economics. This descripti ...
Debt Valuation, Renegotiation, and Optimal Dividend Policy
... gross of all payout, σ 2 is the instantaneous variance of the return on the firm and Bt is a standard Brownian motion. The cash payout at any time is βV and β ≤ µ, where β is the firm’s cash payout ratio.3 The main implication of this assumption is that the investment policy is fixed. This assumption p ...
... gross of all payout, σ 2 is the instantaneous variance of the return on the firm and Bt is a standard Brownian motion. The cash payout at any time is βV and β ≤ µ, where β is the firm’s cash payout ratio.3 The main implication of this assumption is that the investment policy is fixed. This assumption p ...
The Role of Size and Book-to-Market Ratio as Proxies for
... studies, a number of papers have argued that, in line with rational asset pricing, size and BE/ME proxy for additional non-diversifiable risk factors, such as that of relative financial distress. Consistent with the “fundamental risk” explanation, FF(1993) developed a popular three-factor asset pric ...
... studies, a number of papers have argued that, in line with rational asset pricing, size and BE/ME proxy for additional non-diversifiable risk factors, such as that of relative financial distress. Consistent with the “fundamental risk” explanation, FF(1993) developed a popular three-factor asset pric ...
Q2 - First Capital Realty
... significant competition when they do. As a result, the urban property acquisitions completed by the Company typically do not provide material accretion to the Company’s results in the immediate term. However, the Company will continue to selectively acquire high quality, well-located properties that ...
... significant competition when they do. As a result, the urban property acquisitions completed by the Company typically do not provide material accretion to the Company’s results in the immediate term. However, the Company will continue to selectively acquire high quality, well-located properties that ...
printmgr file - Morgan Stanley
... Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shor ...
... Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shor ...
Pason Systems Inc PSI
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
... coverage. In some cases, the Quantitative Ratings may differ from the analyst ratings because a company’s analyst-driven ratings can significantly differ from other companies in its peer group. i. Quantitative Fair Value Estimate: Intended to represent Morningstar’s estimate of the per share dollar ...
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.