Ownership structure and firm value in Brazil Estructura de propiedad
... private benefits of control. Besides the possibility of expropriation mentioned above as the entrenchment effect, Dick and Zingales (2002) and Burkart and Lee (2007) also quote as private benefits of control: (i) psychological value and prestige that some investors attribute to being in control; (ii ...
... private benefits of control. Besides the possibility of expropriation mentioned above as the entrenchment effect, Dick and Zingales (2002) and Burkart and Lee (2007) also quote as private benefits of control: (i) psychological value and prestige that some investors attribute to being in control; (ii ...
local money
... private economy actors encounter (either due to a global or a national economic recession or crises) a fragility or a deterioration in mutual confidence. For this reason, they are much less inclined to extend credit to one another (e.g. extending credit on the part of commercial banks and accepting ...
... private economy actors encounter (either due to a global or a national economic recession or crises) a fragility or a deterioration in mutual confidence. For this reason, they are much less inclined to extend credit to one another (e.g. extending credit on the part of commercial banks and accepting ...
Adverse Selection and Risk Aversion in Capital Markets
... entrepreneur’s inability to diversify risks, which leads to inadequate investment in high-risk projects. The risk-sharing possibilities in our model are exogenously restricted by the types of financial contracts allowed in the economy, namely debt and equity. This restricted contract space is someti ...
... entrepreneur’s inability to diversify risks, which leads to inadequate investment in high-risk projects. The risk-sharing possibilities in our model are exogenously restricted by the types of financial contracts allowed in the economy, namely debt and equity. This restricted contract space is someti ...
Accounts and Notes Receivable
... extending credit. References and credit scores should be checked and credit worthiness needs to be established before credit is granted. Once a receivable becomes past due, companies need to put forth great efforts to collect it. The older a receivable gets, the less likely the chance of collection. ...
... extending credit. References and credit scores should be checked and credit worthiness needs to be established before credit is granted. Once a receivable becomes past due, companies need to put forth great efforts to collect it. The older a receivable gets, the less likely the chance of collection. ...
Market Consistent Embedded Value Report 2015
... European Insurance CFO Forum Market Consistent Embedded Value Principles © (“MCEV Principles”), which were launched in June 2008 and amended in October 2009. The projection of assets and liabilities applying market consistent economic assumptions ensures a consistent valuation among them. In additio ...
... European Insurance CFO Forum Market Consistent Embedded Value Principles © (“MCEV Principles”), which were launched in June 2008 and amended in October 2009. The projection of assets and liabilities applying market consistent economic assumptions ensures a consistent valuation among them. In additio ...
What is Indexed Universal Life?
... • In September 2011, LATF suggested AG 38 was being misapplied with regards to reserving • Suggested a bifurcated approach – changes applied prospectively • Effective 1/1/13, all companies must use the revised approach for ...
... • In September 2011, LATF suggested AG 38 was being misapplied with regards to reserving • Suggested a bifurcated approach – changes applied prospectively • Effective 1/1/13, all companies must use the revised approach for ...