Transactions Costs and Capital Structure Choice: Evidence from
... principal or exchanging debt for equity; income from debt forgiveness is taxed; managers have much better information than outsiders about the firm's business prospects; and financially distressed firms may be forced to sell assets at fire-sale prices (or be unable to find buyers at any price, e.g., ...
... principal or exchanging debt for equity; income from debt forgiveness is taxed; managers have much better information than outsiders about the firm's business prospects; and financially distressed firms may be forced to sell assets at fire-sale prices (or be unable to find buyers at any price, e.g., ...
2009 Annual Report - Berkshire Hathaway Inc.
... Our metrics for evaluating our managerial performance are displayed on the facing page. From the start, Charlie and I have believed in having a rational and unbending standard for measuring what we have – or have not – accomplished. That keeps us from the temptation of seeing where the arrow of perf ...
... Our metrics for evaluating our managerial performance are displayed on the facing page. From the start, Charlie and I have believed in having a rational and unbending standard for measuring what we have – or have not – accomplished. That keeps us from the temptation of seeing where the arrow of perf ...
fourth quarter results 2015
... statements use the words “believe,” “expect,” “anticipate,” “may,” “should,” “intend,” “estimate” and other similar terms, which do not relate to historical matters. Such forward-looking statements involve known and unknown risks and uncertainties and other factors that may cause the actual results ...
... statements use the words “believe,” “expect,” “anticipate,” “may,” “should,” “intend,” “estimate” and other similar terms, which do not relate to historical matters. Such forward-looking statements involve known and unknown risks and uncertainties and other factors that may cause the actual results ...
DETERMINANTS OF FOREIGN DIRECT INVESTMENT IN CÔTE D
... globalization, developing countries generally and African countries in particular have shown less competiveness in their ability to attract Foreign Direct Investment (hereinafter referred to as FDI). Whilst there is some literature on FDI determinants for developing countries, there is a far greater ...
... globalization, developing countries generally and African countries in particular have shown less competiveness in their ability to attract Foreign Direct Investment (hereinafter referred to as FDI). Whilst there is some literature on FDI determinants for developing countries, there is a far greater ...
STUDY ON MERGERS: A RATIONALE FOR CONGLOMERATE MERGERS by NICOLAS S. MAJLUF Engineering, Universidad Catolica de Chile
... for the Degree of Doctor of Philosophy ABSTRACT Mergers are not a new phenomenon, but rather an on-going process in the business environment. They correspond to the combination of two (or more) firms into a unique business concern. This study is grounded on the notion that looking at mergers from a ...
... for the Degree of Doctor of Philosophy ABSTRACT Mergers are not a new phenomenon, but rather an on-going process in the business environment. They correspond to the combination of two (or more) firms into a unique business concern. This study is grounded on the notion that looking at mergers from a ...
Q1 2017 Investor Presentation
... 4 Regulatory capital ratios as of March 31, 2017 are preliminary. Common equity tier 1 (CET1) capital, risk-weighted assets (RWA) and CET1 ratio as shown on a fully phased-in basis are non-GAAP financial measures. For important presentation information, see slide 27. For a reconciliation of CET1 tra ...
... 4 Regulatory capital ratios as of March 31, 2017 are preliminary. Common equity tier 1 (CET1) capital, risk-weighted assets (RWA) and CET1 ratio as shown on a fully phased-in basis are non-GAAP financial measures. For important presentation information, see slide 27. For a reconciliation of CET1 tra ...
Financial-Accounting-6th-Edition-Libby-Test-Bank
... 63. Which of the following is true? A. Assets increase on their right side because they are on the right side of the accounting equation. B. Liabilities increase on their right side because they are on the right side of the accounting equation. C. Stockholders' equity accounts increase on their left ...
... 63. Which of the following is true? A. Assets increase on their right side because they are on the right side of the accounting equation. B. Liabilities increase on their right side because they are on the right side of the accounting equation. C. Stockholders' equity accounts increase on their left ...
Profit Announcement
... growth. With the Financial System Inquiry now concluded, all political, regulatory and industry participants need to be forward-looking and build on this prevailing strength of our economy.” “At CBA, we will also maintain a long-term focus. We are confident that our long-term strategy remains the ri ...
... growth. With the Financial System Inquiry now concluded, all political, regulatory and industry participants need to be forward-looking and build on this prevailing strength of our economy.” “At CBA, we will also maintain a long-term focus. We are confident that our long-term strategy remains the ri ...
News from CFA Sacramento
... Multi-Factor Models Get a New Look Ease of use and better computation power make multi-factor models more compelling The ease with which portfolio managers can now access and use multifactor models in their investment decisions warrants a closer look, said Lee O'Dwyer from Bloomberg at the CFA Socie ...
... Multi-Factor Models Get a New Look Ease of use and better computation power make multi-factor models more compelling The ease with which portfolio managers can now access and use multifactor models in their investment decisions warrants a closer look, said Lee O'Dwyer from Bloomberg at the CFA Socie ...
The brokerage option in DC plans
... For more information about Vanguard funds, visit institutional.vanguard.com or call 800-523-1036 to obtain a prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing. Van ...
... For more information about Vanguard funds, visit institutional.vanguard.com or call 800-523-1036 to obtain a prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing. Van ...
Study on German Start-up Eco-System
... When looking at the overall household income, evidence shows that self-employment usually pays off. However, it must be taken into account that, due to extensive working hours, the hourly earnings rate is often relatively low. Nonetheless, comparing it to a regular employment, the average household ...
... When looking at the overall household income, evidence shows that self-employment usually pays off. However, it must be taken into account that, due to extensive working hours, the hourly earnings rate is often relatively low. Nonetheless, comparing it to a regular employment, the average household ...
BDC`s 2016 Annual Report
... and CEO in August 2015. I am proud to be part of an organization that has such a clear and important purpose: to help Canadian businesses become stronger and more profitable, so they can compete here and around the world. Standing behind more entrepreneurs It is great to see that BDC’s unique combin ...
... and CEO in August 2015. I am proud to be part of an organization that has such a clear and important purpose: to help Canadian businesses become stronger and more profitable, so they can compete here and around the world. Standing behind more entrepreneurs It is great to see that BDC’s unique combin ...
report on corporate governance and on the ownership structure
... - the directors are elected on the basis of lists, each of which contains as many candidates, each indicated by a progressive number, as the number of directors to be elected, and each list must have at least two candidates qualified as independent as contemplated by law, one of which must be first ...
... - the directors are elected on the basis of lists, each of which contains as many candidates, each indicated by a progressive number, as the number of directors to be elected, and each list must have at least two candidates qualified as independent as contemplated by law, one of which must be first ...
banco de crédito social cooperativo, sa, and its subsidiaries
... Report on consolidated annual accounts We have audited the accompanying consolidated annual accounts of Banco de Crédito Social Cooperativo, S.A. and its subsidiaries (Grupo Cooperativo Cajamar), which comprise the consolidated statement of financial position as at December 31, 2016, and the consoli ...
... Report on consolidated annual accounts We have audited the accompanying consolidated annual accounts of Banco de Crédito Social Cooperativo, S.A. and its subsidiaries (Grupo Cooperativo Cajamar), which comprise the consolidated statement of financial position as at December 31, 2016, and the consoli ...
Mitigating Systemic Risk - A Role for Securities Regulators
... response in relation to its mandate and domestic regulatory structure as well as the relative size and characteristics of its securities market. Individual regulators will consequently need to evaluate the scale of their response and the extent to which they can leverage, rather than duplicate, the ...
... response in relation to its mandate and domestic regulatory structure as well as the relative size and characteristics of its securities market. Individual regulators will consequently need to evaluate the scale of their response and the extent to which they can leverage, rather than duplicate, the ...
Real Estate Advisory Services
... Middle European countries, are now considering international expansion. Such questions arise as: * Where to go? -- Geographically and to reach new client segments. * How to go? -- The nature and sequence of the internationalization process: Export one's services or set up a foreign office? Do it alo ...
... Middle European countries, are now considering international expansion. Such questions arise as: * Where to go? -- Geographically and to reach new client segments. * How to go? -- The nature and sequence of the internationalization process: Export one's services or set up a foreign office? Do it alo ...
CITIGROUP`S 2007 ANNUAL REPORT ON FORM 10-K
... is a global diversified financial services holding company whose businesses provide a broad range of financial services to consumer and corporate customers. Citigroup has more than 200 million customer accounts and does business in more than 100 countries. Citigroup was incorporated in 1988 under th ...
... is a global diversified financial services holding company whose businesses provide a broad range of financial services to consumer and corporate customers. Citigroup has more than 200 million customer accounts and does business in more than 100 countries. Citigroup was incorporated in 1988 under th ...
words - Nasdaq`s INTEL Solutions
... National Market was $11.33. Our warrants are quoted on the OTC Bulletin Board under the symbol “HTGCW.” There can be no assurance that an active public market for the warrants will develop, or if such a market develops, it will be maintained. We do not intend to apply, and are not obligated to apply ...
... National Market was $11.33. Our warrants are quoted on the OTC Bulletin Board under the symbol “HTGCW.” There can be no assurance that an active public market for the warrants will develop, or if such a market develops, it will be maintained. We do not intend to apply, and are not obligated to apply ...
The Time-Varying Liquidity Risk of Value and Growth Stocks
... This paper provides new evidence for a risk-based explanation of the value premium. We focus on the time-varying liquidity risk of value and growth stocks, in addition to their market risk. This choice is motivated by the observation that investors tend to switch from riskier assets to safer ones in ...
... This paper provides new evidence for a risk-based explanation of the value premium. We focus on the time-varying liquidity risk of value and growth stocks, in addition to their market risk. This choice is motivated by the observation that investors tend to switch from riskier assets to safer ones in ...
emerald capital designated activity company series prospectus
... This Series Prospectus, under which the Series No. 2017-02 Fixed Rate The Kingdom of Saudi Arabia Credit Linked Notes due 2026 (the “Notes”) are issued, incorporates by reference, and should be read in conjunction with the Base Prospectus dated 19 August 2016 (the “Base Prospectus”) relating to the ...
... This Series Prospectus, under which the Series No. 2017-02 Fixed Rate The Kingdom of Saudi Arabia Credit Linked Notes due 2026 (the “Notes”) are issued, incorporates by reference, and should be read in conjunction with the Base Prospectus dated 19 August 2016 (the “Base Prospectus”) relating to the ...
Debunking myths about ETF liquidity
... JPGE invests in a broad basket of developed market equities and, as such, the stocks it holds tend to be highly liquid. As is typical with many new ETFs, however, JPGE did not trade much at first and trades that did occur were generally modest in size. Nevertheless, two large trades (highlighted) of ...
... JPGE invests in a broad basket of developed market equities and, as such, the stocks it holds tend to be highly liquid. As is typical with many new ETFs, however, JPGE did not trade much at first and trades that did occur were generally modest in size. Nevertheless, two large trades (highlighted) of ...
the role of international accounting standards in transitional
... compensate them for the costs of the analysis and the uncertainties they feel about the results of using an unfamiliar or deficient accounting system. In many other cases, investment may just not be considered because the costs and uncertainties are too great. So the use of different accounting rule ...
... compensate them for the costs of the analysis and the uncertainties they feel about the results of using an unfamiliar or deficient accounting system. In many other cases, investment may just not be considered because the costs and uncertainties are too great. So the use of different accounting rule ...
CHAPTER 5: RISK AND RETURN
... exposed to Firm-Specific Risk: chance that problems with the individual company will reduce investment value ...
... exposed to Firm-Specific Risk: chance that problems with the individual company will reduce investment value ...