The Transition in Private / Public Ownership:
... such management effectiveness persists and is manifested in the quality of the new M&A transactions. The results also imply that investors and the market do not fully understand how acquirers have differed in their capacity for value creation before M&As. To the best of my knowledge, this paper is t ...
... such management effectiveness persists and is manifested in the quality of the new M&A transactions. The results also imply that investors and the market do not fully understand how acquirers have differed in their capacity for value creation before M&As. To the best of my knowledge, this paper is t ...
Double-Entry Accounting
... A T account consists of three main parts: 1. The top of the T is used for identifying the name of the account. 2. The left side of a T account is called the debit side. Each journal entry made on the left side of a T account is always called a debit entry. 3. The right side of a T account is called ...
... A T account consists of three main parts: 1. The top of the T is used for identifying the name of the account. 2. The left side of a T account is called the debit side. Each journal entry made on the left side of a T account is always called a debit entry. 3. The right side of a T account is called ...
working capital cycle and performance of listed information
... and OLS methodology revealed positive effect of inventory conversion period (ICP), debtors’ collection period (DCP); and a negative effect of cash conversion period (CCP), creditor’s payment period (CPP), on return on assets. Owolabi, and Obida, (2012) measures the relationship between liquidity man ...
... and OLS methodology revealed positive effect of inventory conversion period (ICP), debtors’ collection period (DCP); and a negative effect of cash conversion period (CCP), creditor’s payment period (CPP), on return on assets. Owolabi, and Obida, (2012) measures the relationship between liquidity man ...
FINANCIAL STATEMENTS DECEMBER 31, 2015 toge
... Management considers the likelihood of changes by taxing authorities in its filed income tax returns and recognizes a liability for or discloses potential significant changes that management believes are more likely than not to occur, including changes to Predisan's status as a not-for-profit entity ...
... Management considers the likelihood of changes by taxing authorities in its filed income tax returns and recognizes a liability for or discloses potential significant changes that management believes are more likely than not to occur, including changes to Predisan's status as a not-for-profit entity ...
1 Do CEOs in Mergers Trade Power for Premium? Evidence From
... several criteria to distinguish between acquirer and target firms. First, acquirer shareholders in MOEs capture more of the gains measured by event returns, while target shareholders capture less, in comparison to a matched sample. Interestingly, shared governance is more common in transactions invo ...
... several criteria to distinguish between acquirer and target firms. First, acquirer shareholders in MOEs capture more of the gains measured by event returns, while target shareholders capture less, in comparison to a matched sample. Interestingly, shared governance is more common in transactions invo ...
Financing Provisions in Acquisition Agreements
... risk completely to the seller as described above are rare in the current public market. Indeed, a number of recent public merger agreements have included language specifically disclaiming any financing condition. A compromise approach that has become common in order to allocate the risk of a failure ...
... risk completely to the seller as described above are rare in the current public market. Indeed, a number of recent public merger agreements have included language specifically disclaiming any financing condition. A compromise approach that has become common in order to allocate the risk of a failure ...
Energy and MLP Turmoil – Follow-Up
... Historically, MLPs do not have a high correlation with crude oil prices. Yet the massive downturn in commodity prices has changed that, pushing correlations toward one (1.0) as fears have cascaded over. The higher quality MLPs have only marginal direct exposure to commodities. Worries that demand wi ...
... Historically, MLPs do not have a high correlation with crude oil prices. Yet the massive downturn in commodity prices has changed that, pushing correlations toward one (1.0) as fears have cascaded over. The higher quality MLPs have only marginal direct exposure to commodities. Worries that demand wi ...
Pollution as News - Kellogg School of Management
... financial impact of a company’s performance on that aspect. Furthermore, the significance of this effect can most accurately be assessed when there is no contemporaneous correlation of stock price changes. Event studies undertaken thus far to assess the interaction between environmental and financia ...
... financial impact of a company’s performance on that aspect. Furthermore, the significance of this effect can most accurately be assessed when there is no contemporaneous correlation of stock price changes. Event studies undertaken thus far to assess the interaction between environmental and financia ...
Pricing Decisions EMBA 5412 Fall 2010
... the difference between the consumer’s willingness to pay and the actual price paid, which is equal to the ‘‘consumer surplus,’’ the excess value retained by the consumer. the maximum amount a customer would pay to obtain a given product, that is, the price that would leave the customer indifferent b ...
... the difference between the consumer’s willingness to pay and the actual price paid, which is equal to the ‘‘consumer surplus,’’ the excess value retained by the consumer. the maximum amount a customer would pay to obtain a given product, that is, the price that would leave the customer indifferent b ...
does dispersed public ownership impair efficiency?
... serious – administrative autonomy or politician control – by examining how number of local government owners affects company performance. Empirical studies on public ownership Ownership dispersion has been studied extensively in the corporate governance literature. Becht et al. (2003, p. 63) have id ...
... serious – administrative autonomy or politician control – by examining how number of local government owners affects company performance. Empirical studies on public ownership Ownership dispersion has been studied extensively in the corporate governance literature. Becht et al. (2003, p. 63) have id ...
Exam: 20 MC, 1 essay question. Economic backdrop:
... are common and that they could be suckers for continuing to make other-regarded decisions when the terms are uneconomic. Also, they argue that allowing fiduciary duties to be treated as standard form contract provisions that parties could dispense with as they wish could discourage investors by forc ...
... are common and that they could be suckers for continuing to make other-regarded decisions when the terms are uneconomic. Also, they argue that allowing fiduciary duties to be treated as standard form contract provisions that parties could dispense with as they wish could discourage investors by forc ...
Narrative analysis of annual reports – A study of
... been found to conceal negative organizational outcomes from stockholders willfully, by either lower disclosures or through obfuscating their texts (Abrahamson & Park, 1994). Clapham & Schwenk (1991) found that such self-serving attributions may not be entirely willful actions by managers, and they m ...
... been found to conceal negative organizational outcomes from stockholders willfully, by either lower disclosures or through obfuscating their texts (Abrahamson & Park, 1994). Clapham & Schwenk (1991) found that such self-serving attributions may not be entirely willful actions by managers, and they m ...
Impairment of Assets
... Information on the specific reasons for impairment losses is useful to investors. This is certainly the case if acquisitions have recently been effected. For investors, it is useful to know which assumptions by the management, that played a part in the decision to effect the acquisition, did not tur ...
... Information on the specific reasons for impairment losses is useful to investors. This is certainly the case if acquisitions have recently been effected. For investors, it is useful to know which assumptions by the management, that played a part in the decision to effect the acquisition, did not tur ...
NBER WORKING PAPER SERIES MINIMUM ASSET REQUIREMENTS Steven Shavell
... High asset firms will have an incentive to reveal their assets in order to obtain a better price (high asset firms can pay more if liable for causing harm, and also have an incentive to produce less risky goods, so customers will pay a higher price to such firms). That high asset firms want to revea ...
... High asset firms will have an incentive to reveal their assets in order to obtain a better price (high asset firms can pay more if liable for causing harm, and also have an incentive to produce less risky goods, so customers will pay a higher price to such firms). That high asset firms want to revea ...
Document
... ◦ Therefore, the higher the level of current assets at hand in relation to current liabilities, the less likely it is that the firm will be unable to meet its short-term concerns. ◦ It is often argued in the older textbooks that a current ratio of around two is desirable for a company. In this way t ...
... ◦ Therefore, the higher the level of current assets at hand in relation to current liabilities, the less likely it is that the firm will be unable to meet its short-term concerns. ◦ It is often argued in the older textbooks that a current ratio of around two is desirable for a company. In this way t ...
Uses of Marginal Costing
... A firm manufactures articles at a marginal cost of $12 each, which it sells for $20. it has been approached by a charity organization which intends to buy 2,000 articles if a mutually acceptable reduced price could be negotiated. Fixed costs are expected to increase by $6,000 if the extra 2,000 arti ...
... A firm manufactures articles at a marginal cost of $12 each, which it sells for $20. it has been approached by a charity organization which intends to buy 2,000 articles if a mutually acceptable reduced price could be negotiated. Fixed costs are expected to increase by $6,000 if the extra 2,000 arti ...
Corporate Governance Reform (3) — Private Placement —
... Private placements can, on one hand, hurt shareholder interests, but can also open up business opportunities or facilitate corporate alliances––purposes that existing shareholders would probably consent to. Purchasers in private placements invest vast sums, so they are probably confident of gaining ...
... Private placements can, on one hand, hurt shareholder interests, but can also open up business opportunities or facilitate corporate alliances––purposes that existing shareholders would probably consent to. Purchasers in private placements invest vast sums, so they are probably confident of gaining ...
Official PDF , 19 pages
... and United Kingdom, widely held firms are prone to other people’s money agency problems while firms with dominant insider shareholders are prone to entrenchment agency problems. The firms in pyramids are vulnerable to both at the same time. Furthermore, pyramid member firms are vulnerable to a third ...
... and United Kingdom, widely held firms are prone to other people’s money agency problems while firms with dominant insider shareholders are prone to entrenchment agency problems. The firms in pyramids are vulnerable to both at the same time. Furthermore, pyramid member firms are vulnerable to a third ...
overweight europe consider sectors european small
... For Investors in Luxembourg: The Companies have been notified to the Commission de Surveillance du Secteur Financier in Luxembourg in order to market their shares for sale to the public in Luxembourg and the Companies are notified Undertakings in Collective Investment for Transferable Securities (UC ...
... For Investors in Luxembourg: The Companies have been notified to the Commission de Surveillance du Secteur Financier in Luxembourg in order to market their shares for sale to the public in Luxembourg and the Companies are notified Undertakings in Collective Investment for Transferable Securities (UC ...
THE ACCOUNTING TREATMENT OF THE BIOLOGICAL PROCESS
... selects the attributes that correspond to the attributes on the market as a basis for setting prices. As a universal value of biological assets capital requires economic approach to justification of investments in agricultural processes. Producer makes decisions on the selection of capital investmen ...
... selects the attributes that correspond to the attributes on the market as a basis for setting prices. As a universal value of biological assets capital requires economic approach to justification of investments in agricultural processes. Producer makes decisions on the selection of capital investmen ...
Exemptions to Private Companies
... offer for rights issue shall not be less than 15 days and not more than 30 days from the date of offer within which the offer, if not accepted, shall be deemed to have been declined. • It has been modified to provide that in case 90% of the members of a private company have given their consent in wr ...
... offer for rights issue shall not be less than 15 days and not more than 30 days from the date of offer within which the offer, if not accepted, shall be deemed to have been declined. • It has been modified to provide that in case 90% of the members of a private company have given their consent in wr ...
Phantom Stock Plan - Schiff Benefits Group
... between the date the employee is credited with the phantom shares and the date the benefit is paid. Instead of merely paying a benefit equal to the appreciation in value of the “phantom” stock between the date the “phantom” shares are granted and the payment date, it is possible to structure the ben ...
... between the date the employee is credited with the phantom shares and the date the benefit is paid. Instead of merely paying a benefit equal to the appreciation in value of the “phantom” stock between the date the “phantom” shares are granted and the payment date, it is possible to structure the ben ...
Market for Brands
... of a brand and the transfer or associated rights, including as part of company merger and acquisition (M&A). The acquisition of brands and the transfer of associated rights constitute a more permanent transfer of IP rights from one business to another. This regularly takes place as part of company M ...
... of a brand and the transfer or associated rights, including as part of company merger and acquisition (M&A). The acquisition of brands and the transfer of associated rights constitute a more permanent transfer of IP rights from one business to another. This regularly takes place as part of company M ...
Fixed Assets, Depreciation, Disposals
... and McDonald’s. Most franchise agreements have limited lives. ...
... and McDonald’s. Most franchise agreements have limited lives. ...
Best Execution Policy
... Blackwell Global Investments (UK) Limited (‘the Firm’) are a Straight Through Processing (STP) broker, allowing direct market access with no dealing desk intervention. Multiple assets are offered including over 32 currency pairs, precious metals and contracts for differences. As a global broker, the ...
... Blackwell Global Investments (UK) Limited (‘the Firm’) are a Straight Through Processing (STP) broker, allowing direct market access with no dealing desk intervention. Multiple assets are offered including over 32 currency pairs, precious metals and contracts for differences. As a global broker, the ...