Annual Report & Form 20-F
... This is the annual report for the year ended 31 March 2008. It complies with UK regulations and is the annual report on Form 20-F for the US Securities and Exchange Commission to meet US regulations. In this annual report, references to ‘‘BT’’, ‘‘BT plc’’, ‘‘the group’’, ‘‘the company’’, ‘‘we’’ or ‘ ...
... This is the annual report for the year ended 31 March 2008. It complies with UK regulations and is the annual report on Form 20-F for the US Securities and Exchange Commission to meet US regulations. In this annual report, references to ‘‘BT’’, ‘‘BT plc’’, ‘‘the group’’, ‘‘the company’’, ‘‘we’’ or ‘ ...
- Microsoft
... Certain statements in this report, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the ...
... Certain statements in this report, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the ...
Credit Ratings and The Cross
... overall risk. While credit risk measures the risk that creditors may not get repaid, it should be related to a firm’s overall risk. Barring the agency problems between bondholders and shareholders the risk faced by both should relate to the underlying cash flow risk of the firm. This is what we check n ...
... overall risk. While credit risk measures the risk that creditors may not get repaid, it should be related to a firm’s overall risk. Barring the agency problems between bondholders and shareholders the risk faced by both should relate to the underlying cash flow risk of the firm. This is what we check n ...
Disclosure Booklet - Oregon College Savings Plan
... share of the Plan Manager Fee and the Board Administrative Fee as these fees reduce the Investment Portfolio’s return. (2) Each Investment Portfolio (with the exception of the Principal Plus Interest Portfolio) pays the Plan Manager a fee at an annual rate of 0.17% of the average daily net assets of ...
... share of the Plan Manager Fee and the Board Administrative Fee as these fees reduce the Investment Portfolio’s return. (2) Each Investment Portfolio (with the exception of the Principal Plus Interest Portfolio) pays the Plan Manager a fee at an annual rate of 0.17% of the average daily net assets of ...
Not All Benchmarks Are Created Equal
... For professional investors only. Not suitable for private customers. The information herein was obtained from various sources. We do not guarantee every aspect of its accuracy. The information is for your private information and is for discussion purposes only. A variety of market factors and assump ...
... For professional investors only. Not suitable for private customers. The information herein was obtained from various sources. We do not guarantee every aspect of its accuracy. The information is for your private information and is for discussion purposes only. A variety of market factors and assump ...
New Formulas - Arc Price Elasticity of Demand
... Like it or not, the IT employment landscape changed. Business Week recently featured an article that stated that high tech will ship overseas to cheaper workers and "high touch" will stay here. What this means is that if your job can be quantified into repeatable steps, it is a target for outsourcin ...
... Like it or not, the IT employment landscape changed. Business Week recently featured an article that stated that high tech will ship overseas to cheaper workers and "high touch" will stay here. What this means is that if your job can be quantified into repeatable steps, it is a target for outsourcin ...
Asset Write-down - Rutgers University
... asset purchase in the past, but the rapid changes in production environment left them no choice but to write down old assets. The early forced retirement of capital assets, however, expect to signal bad news to the market. The basis for this presumption rests on the empirical findings by earlier pa ...
... asset purchase in the past, but the rapid changes in production environment left them no choice but to write down old assets. The early forced retirement of capital assets, however, expect to signal bad news to the market. The basis for this presumption rests on the empirical findings by earlier pa ...
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 ...
Risk management for wealth and asset management
... of regulations, with new stresses becoming apparent across areas as diverse as investment risk, anti-money laundering (AML), “big data” projects and the use of social networking. As far as the wealth management and private banking sectors were concerned, the industry was still finding client acquisi ...
... of regulations, with new stresses becoming apparent across areas as diverse as investment risk, anti-money laundering (AML), “big data” projects and the use of social networking. As far as the wealth management and private banking sectors were concerned, the industry was still finding client acquisi ...
The Use of Debt Covenants in Public Debt: The Role of
... debt. Accounting based debt covenants, and other control mechanisms will be used if they can reduce this total. The accounting methods that are best able to reduce this total are not necessarily the ones the accounting literature has labeled as high quality accounting. 2.3 Accounting Quality and Deb ...
... debt. Accounting based debt covenants, and other control mechanisms will be used if they can reduce this total. The accounting methods that are best able to reduce this total are not necessarily the ones the accounting literature has labeled as high quality accounting. 2.3 Accounting Quality and Deb ...
Master Thesis: Quality of Risk Reporting
... The financial crisis has impacted the economy in every way. This study focused on the impact of the financial crisis and the quality of risk disclosure over the past three years (2006, 2007 & 2008). The results yielded a significant influence of the financial crisis on the quality of risk disclosure ...
... The financial crisis has impacted the economy in every way. This study focused on the impact of the financial crisis and the quality of risk disclosure over the past three years (2006, 2007 & 2008). The results yielded a significant influence of the financial crisis on the quality of risk disclosure ...
Debt Refinancing and Equity Returns
... with leverage within each refinancing tertile. Furthermore, the difference in returns of highand low-leverage firms increases as the refinancing intensity increases (i.e. debt maturities become shorter). These findings are consistent with the notion that shareholders demand a premium for holding hi ...
... with leverage within each refinancing tertile. Furthermore, the difference in returns of highand low-leverage firms increases as the refinancing intensity increases (i.e. debt maturities become shorter). These findings are consistent with the notion that shareholders demand a premium for holding hi ...
united states securities and exchange commission - corporate
... billion. The Company is continuing to pursue a growth and acquisition strategy that involves industry, geographic and customer diversification to foster sustainable revenue, earnings and cash flow growth. The Company has developed key growth platforms within the Industrial and Security segments thro ...
... billion. The Company is continuing to pursue a growth and acquisition strategy that involves industry, geographic and customer diversification to foster sustainable revenue, earnings and cash flow growth. The Company has developed key growth platforms within the Industrial and Security segments thro ...
An Economic Perspective on Dividends
... For charts that illustrate S&P 500® and MSCI EAFE stocks grouped by dividend policy, the investment strategy or predict future investment performance. Other methods may stock’s dividend policy is determined on a rolling 12-month basis. For example, a stock is produce different results and the result ...
... For charts that illustrate S&P 500® and MSCI EAFE stocks grouped by dividend policy, the investment strategy or predict future investment performance. Other methods may stock’s dividend policy is determined on a rolling 12-month basis. For example, a stock is produce different results and the result ...
1/20/04 All rights reserved IS EQUITY
... $170 million per company per year and does not include other forms of equity compensation, such as restricted stock, deferred stock, or stock appreciation rights. Employees who receive stock options and other forms of equity compensation benefit in two ways if share prices rise. First, and most obvi ...
... $170 million per company per year and does not include other forms of equity compensation, such as restricted stock, deferred stock, or stock appreciation rights. Employees who receive stock options and other forms of equity compensation benefit in two ways if share prices rise. First, and most obvi ...
DBRS Recovery Ratings for Non-Investment Grade
... While a non-investment-grade issuer may not default for several years (if ever), a recovery rating necessarily assumes an eventual default. DBRS considers the types of likely issues that may cause the deterioration in the business and financial risk factors that might ultimately cause its default. T ...
... While a non-investment-grade issuer may not default for several years (if ever), a recovery rating necessarily assumes an eventual default. DBRS considers the types of likely issues that may cause the deterioration in the business and financial risk factors that might ultimately cause its default. T ...
NBER WORKING PAPER SERIES THE DECLINING EQUITY PREMIUM: Martin Lettau
... data provide any basis for the hypothesis (Siegel (1999); Jagannathan, McGrattan, and Scherbina (2000); Fama and French (2002); Campbell and Shiller (2003)). Other hypotheses include behavioral stories of “irrational exuberance” (Shiller (2000)), higher intangible investment in the 1990s (Hall (2000 ...
... data provide any basis for the hypothesis (Siegel (1999); Jagannathan, McGrattan, and Scherbina (2000); Fama and French (2002); Campbell and Shiller (2003)). Other hypotheses include behavioral stories of “irrational exuberance” (Shiller (2000)), higher intangible investment in the 1990s (Hall (2000 ...
Customer Equity Evaluation: A Study With Reference to Jammu and
... unprecedented importance of the customers, various studies on customer equity are carried out to relate the key focus of marketing efforts ( i.e. customer ) to the key measures of firm’s financial success ( i.e. market value). This type of research is gaining significant attention among the academic ...
... unprecedented importance of the customers, various studies on customer equity are carried out to relate the key focus of marketing efforts ( i.e. customer ) to the key measures of firm’s financial success ( i.e. market value). This type of research is gaining significant attention among the academic ...