capital structure and dividend policy
... The table shows that when DOL = 2.33, a 10 percent decrease (increase) in sales will cause a 23.3 percent decrease (increase) in NOI; when DFL = 1.80, a 23.3 percent decrease (increase) in EBIT will cause a 42.0 percent decrease (increase) in EPS (net income divided by the number of shares of commo ...
... The table shows that when DOL = 2.33, a 10 percent decrease (increase) in sales will cause a 23.3 percent decrease (increase) in NOI; when DFL = 1.80, a 23.3 percent decrease (increase) in EBIT will cause a 42.0 percent decrease (increase) in EPS (net income divided by the number of shares of commo ...
The rise in US household debt: assessing its
... US households’ debt relative to their income has increased to new highs in recent years, posing questions about the likely economic effects of this growth in indebtedness. This paper assesses possible causes of this rising indebtedness and considers how sustainable such borrowing behaviour might be. ...
... US households’ debt relative to their income has increased to new highs in recent years, posing questions about the likely economic effects of this growth in indebtedness. This paper assesses possible causes of this rising indebtedness and considers how sustainable such borrowing behaviour might be. ...
Corporate Leverage and Currency Crises - S-WoPEc
... failed, it can be harmful ex-ante, because it leads to excessive investment in risky projects even if more valuable safe projects are available. However, currency depreciation is also ex-ante optimal if risky projects have a higher expected return than safe projects and if …rms are forced to rely on ...
... failed, it can be harmful ex-ante, because it leads to excessive investment in risky projects even if more valuable safe projects are available. However, currency depreciation is also ex-ante optimal if risky projects have a higher expected return than safe projects and if …rms are forced to rely on ...
Growth in the Shadow of Expropriation ∗ Mark Aguiar and Manuel Amador
... fruitful comments and suggestions. Amador acknowledges NSF support. ...
... fruitful comments and suggestions. Amador acknowledges NSF support. ...
UnitedHealth Group Second Quarter 2016 Form 10-Q
... UnitedHealth Group Incorporated (Exact name of registrant as specified in its charter) ...
... UnitedHealth Group Incorporated (Exact name of registrant as specified in its charter) ...
Accounting for Receivables
... Valuing receivables involves reporting them at their ________________________. Net realizable value is the net amount expected to be received in _______. __________ losses are considered a __________ and ____________ risk of doing business on a credit basis. Credit losses may be recognized under the ...
... Valuing receivables involves reporting them at their ________________________. Net realizable value is the net amount expected to be received in _______. __________ losses are considered a __________ and ____________ risk of doing business on a credit basis. Credit losses may be recognized under the ...
Debt, Recovery Rates and the Greek Dilemma - Eureka
... obligations radically changed, and, therefore, credit-spreads rose steeply. In addition, a temporary relative decline in productive efficiency, moved the economy from growth and stability to contraction and instability. In our model, we capture these effects by supporting two steady state equilibria ...
... obligations radically changed, and, therefore, credit-spreads rose steeply. In addition, a temporary relative decline in productive efficiency, moved the economy from growth and stability to contraction and instability. In our model, we capture these effects by supporting two steady state equilibria ...
Effect of Leverage on Performance of Non
... reallocation of financial resources from dormant to active agents hence the Nairobi Securities Exchange becomes a point of attention for studies. Abor (2005) argues that the optimal capital structure maximizes profitability and shareholders' wealth. However, the effect of financial leverage on profi ...
... reallocation of financial resources from dormant to active agents hence the Nairobi Securities Exchange becomes a point of attention for studies. Abor (2005) argues that the optimal capital structure maximizes profitability and shareholders' wealth. However, the effect of financial leverage on profi ...
A New Structure for US Federal Debt
... go down if you try to buy or sell a large amount) would decline. Fixed-‐value debt will become especially liquid. Current short-‐term Treasury notes, bills and floaters suffer small price fluctuations, t ...
... go down if you try to buy or sell a large amount) would decline. Fixed-‐value debt will become especially liquid. Current short-‐term Treasury notes, bills and floaters suffer small price fluctuations, t ...
Can a "Credit Crunch" Be Efficient?
... Reserve Bank of Boston, has stated to Congress that "there may have been a shift in regulatory sentiment about some New England institutions that, while understandable or even appropriate on a case-by-case basis, may have been perverse for the economy as a whole." President Bush and several official ...
... Reserve Bank of Boston, has stated to Congress that "there may have been a shift in regulatory sentiment about some New England institutions that, while understandable or even appropriate on a case-by-case basis, may have been perverse for the economy as a whole." President Bush and several official ...
general bearing corporation
... Derivative Instruments and Hedging Activities", as amended, and interpreted, which requires that all derivative instruments be recorded on the balance sheet at their fair value. In order to manage it's exposure to changes in interest rates, the Company has entered into an interest rate swap agreemen ...
... Derivative Instruments and Hedging Activities", as amended, and interpreted, which requires that all derivative instruments be recorded on the balance sheet at their fair value. In order to manage it's exposure to changes in interest rates, the Company has entered into an interest rate swap agreemen ...
Optimal Federal Public Debt Composition
... medium-term financing strategies. In the Brazilian case, the benchmark is expressed by a set of relevant debt indicators, including composition of the outstanding debt by type of index, average maturity and maturity structure, particularly the percentage of the debt maturing in the coming 12 months. ...
... medium-term financing strategies. In the Brazilian case, the benchmark is expressed by a set of relevant debt indicators, including composition of the outstanding debt by type of index, average maturity and maturity structure, particularly the percentage of the debt maturing in the coming 12 months. ...
Short-Term Capital Flows
... the government’s; in Indonesia, Korea, and Thailand in 1997, the debt was primarily owed by private banks and …rms. But in each case the combination of large short-term liabilities and relatively scarce internationally liquid assets resulted in extreme vulnerability to a con…dence crisis and a rever ...
... the government’s; in Indonesia, Korea, and Thailand in 1997, the debt was primarily owed by private banks and …rms. But in each case the combination of large short-term liabilities and relatively scarce internationally liquid assets resulted in extreme vulnerability to a con…dence crisis and a rever ...
2010 FOURTH QUARTER AND FULL YEAR EARNINGS REVIEW AND 2011 OUTLOOK
... had the first back-to-back market share increase since 1993 and the largest sales percentage increase of any full-line automaker • Ford of Canada reported an 11% sales increase in the Fourth Quarter, finishing 2010 as the best-selling automaker for the first time in more than 50 years • Ford Brazil ...
... had the first back-to-back market share increase since 1993 and the largest sales percentage increase of any full-line automaker • Ford of Canada reported an 11% sales increase in the Fourth Quarter, finishing 2010 as the best-selling automaker for the first time in more than 50 years • Ford Brazil ...
Medium Term Debt Strategy
... The GoT is mindful of the risks due to the significant level of external debt that it currently holds, especially from the People’s Republic of China (PRC). Added to this is GoT’s ability to maintain external debt at a sustainable level with any further financing required from abroad over the medium ...
... The GoT is mindful of the risks due to the significant level of external debt that it currently holds, especially from the People’s Republic of China (PRC). Added to this is GoT’s ability to maintain external debt at a sustainable level with any further financing required from abroad over the medium ...
Minimum Revenue Provision (MRP) Strategy for 2016/2017
... borrowing prudential indicators, but within this framework prudential indicators are required to assess the affordability of the capital investment plans. These provide an indication of the impact of the capital investment plans on the Council’s overall finances. 3.6.7 Ratio of Financing Costs To Ne ...
... borrowing prudential indicators, but within this framework prudential indicators are required to assess the affordability of the capital investment plans. These provide an indication of the impact of the capital investment plans on the Council’s overall finances. 3.6.7 Ratio of Financing Costs To Ne ...
3040.03.04 fin statements
... Investment in new net working capital When sales grow, your requirements for current assets increase ...
... Investment in new net working capital When sales grow, your requirements for current assets increase ...
First Report on the Public Credit
The First Report on the Public Credit was one of three major reports on fiscal and economic policy submitted by American Founding Father and first United States Treasury Secretary Alexander Hamilton on the request of Congress. The report analyzed the financial standing of the United States of America and made recommendations to reorganize the national debt and to establish the public credit. Commissioned by the House of Representatives on September 21, 1789, the Report was presented on January 9, 1790, at the second session of the First US Congress. The 40,000 word document called for full federal payment at face value to holders of government securities (“Redemption”) and the national government to assume funding of all state debt (“Assumption”) The political stalemate in Congress that ensued led to the Compromise of 1790, locating the permanent US capitol on the Potomac River (""Residency”).The Federalist's success in winning approval for Hamilton’s reforms led to the emergence of an opposition party – the Democratic-Republicans and set the stage for political struggles that would persist for decades in American politics.