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RITCHIE BROS AUCTIONEERS INC (Form: 8-K
RITCHIE BROS AUCTIONEERS INC (Form: 8-K

... statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect,” “plan,” “anticipate,” “project,” “target,” “potential,” “schedule,” “forecast,” “budget,” “estimate,” “intend” or “believe” and similar expressions or their negative ...
Fair Value Measurement and Application
Fair Value Measurement and Application

... To determine a fair value measurement, a government would consider the unit of account of the asset or liability. The unit of account refers to the level at which an asset or a liability is aggregated or disaggregated for measurement purposes as provided by the accounting standards. Fair value measu ...
Monte Carlo Simulation in Financial Valuation
Monte Carlo Simulation in Financial Valuation

Do Cash Flows of Growth Stocks Really Grow Faster?
Do Cash Flows of Growth Stocks Really Grow Faster?

US SECURITIES AND EXCHANGE COMMISSION FORM
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The Base Rate Book - research-and-analytics.csfb.com.
The Base Rate Book - research-and-analytics.csfb.com.

... The objective of a fundamental investor is to find a gap between the financial performance implied by an asset price and the results that will ultimately be revealed. A useful analogy is pari-mutuel betting in horse racing. The odds provide the probability that a horse will win (implied performance) ...
PLG Prospectus
PLG Prospectus

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... Solar Capital Management Pursuant to an administration agreement (the “Administration Agreement”), Solar Capital Management furnishes us with office facilities, equipment and clerical, bookkeeping and record keeping services at such facilities. Under the Administration Agreement, Solar Capital Manag ...
The sTrengTh To persisT. The TenaciTy To prevail.
The sTrengTh To persisT. The TenaciTy To prevail.

Northrop Grumman Corporation 2014 Annual Report
Northrop Grumman Corporation 2014 Annual Report

BLOUNT INTERNATIONAL INC (Form: 10-K
BLOUNT INTERNATIONAL INC (Form: 10-K

... We operate in two primary business segments: the Forestry, Lawn, and Garden (“FLAG”) segment and the Farm, Ranch, and Agriculture (“FRAG”) segment. The FLAG segment manufactures and markets cutting chain, guide bars, and drive sprockets for chain saw use, and lawnmower and other cutting blades for o ...
Prospectus of Zurich Investment Funds ICVC
Prospectus of Zurich Investment Funds ICVC

... of the Instrument of Incorporation is available on request from Zurich Investment Services (UK) Limited. This Prospectus has been issued for the purpose of section 21 of the Financial Services and Markets Act 2000 by Zurich Investment Services (UK) Limited. The distribution of this Prospectus in cer ...
Managerial Risk-Taking and CEO Excess Compensation
Managerial Risk-Taking and CEO Excess Compensation

... al. 2006; Murphy, 1999; Perry and Zenner, 2000). This growth has substantially increasedthe sensitivity of CEO wealth to stock price (delta) and the sensitivity of CEO wealth to stock volatility (vega).The positive effect of delta and vega is that a higher delta encourages CEOs to work for sharehold ...
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Regulatory Capital Requirements under FTK and

... according to models based on historical data. This means that the probability of a funding ratio below 100% should be 2.5% under the Financial Assessment Framework and 0.5% under Solvency II. The result of the investigation is that replacing the current legislation with Solvency II, leads to an incr ...
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FINANCIAL STATEMENTS AND NOTES TABLE OF CONTENTS

China National Materials Company Limited
China National Materials Company Limited

... economy will remain sluggish in recovery, mixed with divergences across the developed world and an overall slowdown in emerging economies. As China has steered its economy into a new normal characterized by a downshift from high growth to medium-high growth, the long-term positive outlook will be ov ...
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macquarie infrastructure company llc

... of Operations” in Part II, Item 7, and “Quantitative and Qualitative Disclosures about Market Risk” in Part II, Item 7A. In addition, our management may make forward-looking statements to analysts, investors, representatives of the media and others. These forward-looking statements are not historica ...
building today, for tomorrow - EZRA HOLDINGS LIMITED
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... to finance acquisitions and for refinancing purposes. Through these efforts, debt due in FY15/16 has been reduced to approximately S$57 million or about 3% of total debt, while the weighted average debt maturity was maintained at approximately 3.6 years. ...
Capital Flows to Central and Eastern Europe and the Former Soviet
Capital Flows to Central and Eastern Europe and the Former Soviet

... bonds and equity portfolios); and by origin (e.g., commercial, that is private, versus official creditors). One can also combine the three distinctions, for example, by splitting debt-type flows into public and private debt, with the latter further into long and short, and by origin, for example, co ...
Nordic High Yield Update
Nordic High Yield Update

Determinants of abnormal returns in mergers
Determinants of abnormal returns in mergers

... economic theories are inadequate in explaining certain outcomes. For example, as opposed by the classical theories, investors and managers are only rarely fully rational in decision making. This bounded rationality has an effect on economic decisions and their outcomes. This paper researches the abn ...
THREE ESSAYS ON INVESTMENTS AND CORPORATE
THREE ESSAYS ON INVESTMENTS AND CORPORATE

CUMULUS MEDIA INC (Form: 10-K, Received: 03/17
CUMULUS MEDIA INC (Form: 10-K, Received: 03/17

... full-service radio network company, offering news, sports, formats, prep, talk and music programming, jingles and imaging, and special events, as well as national advertising sales representation (the “WestwoodOne Acquisition”). In connection therewith, all of the issued and outstanding shares of ca ...
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Full Year Results 2015

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Profit Announcement

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Corporate finance

Corporate finance is the area of finance dealing with the sources of funding and the capital structure of corporations and the actions that managers take to increase the value of the firm to the shareholders, as well as the tools and analysis used to allocate financial resources. The primary goal of corporate finance is to maximize or increase shareholder value. Although it is in principle different from managerial finance which studies the financial management of all firms, rather than corporations alone, the main concepts in the study of corporate finance are applicable to the financial problems of all kinds of firms.Investment analysis (or capital budgeting) is concerned with the setting of criteria about which value-adding projects should receive investment funding, and whether to finance that investment with equity or debt capital. Working capital management is the management of the company's monetary funds that deal with the short-term operating balance of current assets and current liabilities; the focus here is on managing cash, inventories, and short-term borrowing and lending (such as the terms on credit extended to customers).The terms corporate finance and corporate financier are also associated with investment banking. The typical role of an investment bank is to evaluate the company's financial needs and raise the appropriate type of capital that best fits those needs. Thus, the terms ""corporate finance"" and ""corporate financier"" may be associated with transactions in which capital is raised in order to create, develop, grow or acquire businesses. Recent legal and regulatory developments in the U.S. will likely alter the makeup of the group of arrangers and financiers willing to arrange and provide financing for certain highly leveraged transactions.Financial management overlaps with the financial function of the Accounting profession. However, financial accounting is the reporting of historical financial information, while financial management is concerned with the allocation of capital resources to increase a firm's value to the shareholders.
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