“Idiosyncratic Risk, Systematic Risk, and Firm Welfare”
... lower liquidity adversely a¤ects the discount investors apply to the …rm’s expected cash ‡ow and by implication cost of capital. Increased idiosyncratic disclosure reduces the incentive to become aware of an investment because less idiosyncratic risk induces those investors who trade in the …rm’s s ...
... lower liquidity adversely a¤ects the discount investors apply to the …rm’s expected cash ‡ow and by implication cost of capital. Increased idiosyncratic disclosure reduces the incentive to become aware of an investment because less idiosyncratic risk induces those investors who trade in the …rm’s s ...
large cap growth review - North Carolina State Treasurer
... involvement and management quality. Among the quantitative factors are historic revenue and EPS growth, projected revenue and EPS growth, return on assets, return on equity, capital expenditures relative to net income, and the stock's historic P/E range during the past five years. DSM employs severa ...
... involvement and management quality. Among the quantitative factors are historic revenue and EPS growth, projected revenue and EPS growth, return on assets, return on equity, capital expenditures relative to net income, and the stock's historic P/E range during the past five years. DSM employs severa ...
Lally - The dividend growth model
... CEG also test whether a model that allows different expected market costs of equity over different future time periods is compatible with the AER’s estimated cost of equity capital over the next 10 years (8.98%) by rerunning the example shown above with the AER’s market cost of equity for the next 1 ...
... CEG also test whether a model that allows different expected market costs of equity over different future time periods is compatible with the AER’s estimated cost of equity capital over the next 10 years (8.98%) by rerunning the example shown above with the AER’s market cost of equity for the next 1 ...
0000355811-15-000045 - Gentex Investor Relations
... revenue recognition guidance under US GAAP. The core principle of the guidance is that an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or ...
... revenue recognition guidance under US GAAP. The core principle of the guidance is that an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or ...
Creation of financial assets
... frequency of expected payments uncertainty of cash flow or final price ...
... frequency of expected payments uncertainty of cash flow or final price ...
Measuring the Benefits of Option Strategies For Portfolio Management
... the remainder of the year in order to preserve the current year gains. This can be accomplished via index put options, which generate income only when the stocks in the portfolio fall in value. A more detailed analysis of this example is presented in section 4. In summary, reasonable assumptions ab ...
... the remainder of the year in order to preserve the current year gains. This can be accomplished via index put options, which generate income only when the stocks in the portfolio fall in value. A more detailed analysis of this example is presented in section 4. In summary, reasonable assumptions ab ...
The Discount Rate for Wrongful Death and Injury Cases
... I. INTRODUCTION It is generally accepted that the rate of return on conservative investments is to be used to discount future earnings to present value in cases involving injury or wrongful death. In determining the discount rate to use the period from 1953-1990 or some sub-period is usually used. T ...
... I. INTRODUCTION It is generally accepted that the rate of return on conservative investments is to be used to discount future earnings to present value in cases involving injury or wrongful death. In determining the discount rate to use the period from 1953-1990 or some sub-period is usually used. T ...
Corporate Payout Policy and Market Capitalization
... managers. So, Payments of dividends and subsequent raise of external finance encourage analysis of the firm by financial intermediaries such as investment banks, regulators of the stock exchange and investors. This monitoring minimizes agency costs and results in an increase in firm’s market value. ...
... managers. So, Payments of dividends and subsequent raise of external finance encourage analysis of the firm by financial intermediaries such as investment banks, regulators of the stock exchange and investors. This monitoring minimizes agency costs and results in an increase in firm’s market value. ...
The Macroeconomic Transition to High Household Debt Jeffrey R. Campbell Zvi Hercowitz
... but lack of competition in lending made these rare. Deregulation lowered the cost of these instruments for all financial intermediaries and households. Accordingly, household debt began to grow. The ratio of mortgage debt to the value of owner-occupied homes was 0.31 in 1982, 0.37 in 1990, and 0.42 ...
... but lack of competition in lending made these rare. Deregulation lowered the cost of these instruments for all financial intermediaries and households. Accordingly, household debt began to grow. The ratio of mortgage debt to the value of owner-occupied homes was 0.31 in 1982, 0.37 in 1990, and 0.42 ...
Chapter 18 -- Dividend Policy
... and retention of earnings policy. Define, compare, and justify cash dividends, stock dividends, stock splits, and reverse stock splits. Define “stock repurchase” and explain why (and how) a firm might repurchase stock. Summarize the standard cash dividend payment procedures and critical dates. Defin ...
... and retention of earnings policy. Define, compare, and justify cash dividends, stock dividends, stock splits, and reverse stock splits. Define “stock repurchase” and explain why (and how) a firm might repurchase stock. Summarize the standard cash dividend payment procedures and critical dates. Defin ...
Monetary policy and asset prices
... stores of value in our model. They also compete with currency as a medium of exchange. We show that money is essential (i.e. monetary equilibria Pareto dominate non-monetary equilibria) if and only if real assets are scarce, in the precise sense that their supply is not sufficient to satisfy the dem ...
... stores of value in our model. They also compete with currency as a medium of exchange. We show that money is essential (i.e. monetary equilibria Pareto dominate non-monetary equilibria) if and only if real assets are scarce, in the precise sense that their supply is not sufficient to satisfy the dem ...
