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Intangible Assets
Intangible Assets

...  How this affects investor decisions  How this affects creditor decisions. ...
FL High Yield Distribution AL
FL High Yield Distribution AL

Annual Equity-Based Insurance Guarantees Conference
Annual Equity-Based Insurance Guarantees Conference

Bid-Ask Spreads for Trading Chinese Stocks Listed on Domestic
Bid-Ask Spreads for Trading Chinese Stocks Listed on Domestic

... We exclude stocks that are designated “PT”(Particular Transfer) or new issues or shares suspended for a long time within the sample period. PT applies to stocks with three consecutive years of negative profit. These stocks are traded only once a week, on Friday after the market closes. The closing p ...
The thirty-minute guide to Private Equity
The thirty-minute guide to Private Equity

... UNI Global Union continues to advocate respect for labour rights with the alternative financial asset classes in a period of significant change for financial markets. Private equity and hedge fund assets are feeling the pressure of their creatively crafted debt arrangements. The fact remains however ...
chapter 3 - Erasmus University Thesis Repository
chapter 3 - Erasmus University Thesis Repository

... Seldeslachts (2006), merger activity is intense during economic booms and subdued during recessions while the more efficient acquirers earn higher merger profits during “merger waves” than outside of waves. There is a difference in the definition of an Acquisition and a Merger 1, but throughout our ...
HigH Performance green Building - International Living Future Institute
HigH Performance green Building - International Living Future Institute

... this increased attention, these buildings account for only a small percentage of the markets across the United States and Canada. While there has been a great deal of discussion about the value that these buildings provide, there is a significant disconnect between the building/design community and ...
Expected Returns, Yield Spreads, and Asset Pricing Tests
Expected Returns, Yield Spreads, and Asset Pricing Tests

Chapter Highlights
Chapter Highlights

... lower of cost or market method for the valuation of inventories, with market value based on net realizable value. All major industrialized countries require the lower-of-cost-ormarket method in the valuation of inventories. Firms in most countries use FIFO and weighted-average cost flow assumptions. ...
Chapter 13 - Breakeven Analysis
Chapter 13 - Breakeven Analysis

... Payback estimates time to recover investment. Return can be i = 0% or i > 0% Use payback as supplemental to PW or other analyses, because np neglects cash flows after payback, and if i = 0%, it neglects time value of money Payback is useful to sense the economic risk in a project ...
Financial Ratios
Financial Ratios

... allow us to get a better view of the firm’s financial health than just looking at the raw financial statements Ratios are used by both internal and external analysts • Internal uses planning  evaluation of management ...
Trading Fees and Slow-Moving Capital - Search Faculty
Trading Fees and Slow-Moving Capital - Search Faculty

... the fee. Liquidity begets liquidity. Conceptually and qualitatively speaking, the endogenous stochastic process of the liquidity of securities is as important to investment and valuation as is the exogenous stochastic process of their future cash ‡ows. That is, when purchasing a security an investor ...
(Textbook) Behavior in Organizations, 8ed (A. B. Shani)
(Textbook) Behavior in Organizations, 8ed (A. B. Shani)

... • The yield on called financial assets can be calculated by equating the security’s price (P) with the present value of all its future cash flows (I): n = the number of periods until maturity k = the time period in which the security is called, k < n C = call price i = the interest rate the call pri ...
CHAPTER 24: PORTFOLIO PERFORMANCE EVALUATION
CHAPTER 24: PORTFOLIO PERFORMANCE EVALUATION

... inferior to the index. Another way to think about this conclusion is to note that, even for a portfolio with a positive alpha, if its diversifiable risk is sufficiently large, thereby reducing the correlation with the market index, this can result in a lower Sharpe ratio. ...
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Consolidated Financial Statements and Notes

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Stochastic dominance and behavior towards risk: The market for
Stochastic dominance and behavior towards risk: The market for

NBER WORKING PAPER SERIES TAXES, LEVERAGE AND THE NATIONAL RETURN ON OUTBOUND
NBER WORKING PAPER SERIES TAXES, LEVERAGE AND THE NATIONAL RETURN ON OUTBOUND

... obtained by using foreign debt. The present paper presents a framework for calculating these two effects and uses the framework to estimate the effect on U.S. national income of a marginal ...
十四 Asset Valuation: Debt Investments: Basic Concepts
十四 Asset Valuation: Debt Investments: Basic Concepts

... interest rates as well as the path they follow over time. Therefore, modeling (forecasting) the future course of interest rates becomes an essential input into the bond valuation process. However, modeling such an uncertain process is fraught with pitfalls, such as, errors in assumptions and the sel ...
Fundamentals of Investing Securities Markets and Transactions
Fundamentals of Investing Securities Markets and Transactions

3354:1-20-07 Investment policy
3354:1-20-07 Investment policy

Product Innovations, Advertising and Stock Returns
Product Innovations, Advertising and Stock Returns

FINANCIAL RATIOS – REVEAL HOW A BUSINESS IS DOING?
FINANCIAL RATIOS – REVEAL HOW A BUSINESS IS DOING?

... Return on Equity measures the rate of return on the ownership investments. It measure company’s efficiency at generating profits from each monetary unit or net assets, being one of the most financial ratio, showing how well a company uses investments to generate earnings growth. It is an important r ...
Guggenheim BulletShares® ETFs An In
Guggenheim BulletShares® ETFs An In

... often have to sell bonds in order to meet redemptions, particularly in a declining market. And as bonds in a mutual fund portfolio approach maturity—falling below the fund’s target threshold— those bonds have to be sold and new bonds purchased. These pressures may increase turnover in a mutual fund ...
Short- Sale Constraints and Dispersion of Opinion: Evidence from
Short- Sale Constraints and Dispersion of Opinion: Evidence from

... binding. Another proxy is the cost of borrowing (Jones and Lamont, 2002), i.e. the rebate rate, which represents the interest rate that the short seller needs to pay to borrow the stock. The higher this rate the more short sale constrained the equity (Boehme et al., 2006). An alternative measure of ...
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Business valuation

Business valuation is a process and a set of procedures used to estimate the economic value of an owner’s interest in a business. Valuation is used by financial market participants to determine the price they are willing to pay or receive to effect a sale of a business. In addition to estimating the selling price of a business, the same valuation tools are often used by business appraisers to resolve disputes related to estate and gift taxation, divorce litigation, allocate business purchase price among business assets, establish a formula for estimating the value of partners' ownership interest for buy-sell agreements, and many other business and legal purposes such as in shareholders deadlock, divorce litigation and estate contest. In some cases, the court would appoint a forensic accountant as the joint expert doing the business valuation.
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