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Essays on Capital Structure Stability - cerge-ei
Essays on Capital Structure Stability - cerge-ei

... Zender (2008) notice that the capital structure of firms remains almost unchanged during their lives meaning that leverage ratios are significantly stable over time. The authors also stress that the stability of leverage ratios is mainly generated by an unobserved firm-specific effect that is respon ...
Buyout Activity: The Impact of Aggregate Discount Rates
Buyout Activity: The Impact of Aggregate Discount Rates

Adding New Dimensions
Adding New Dimensions

strattec security corporation - corporate
strattec security corporation - corporate

... In August 2014, the FASB issued an update to the accounting guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new guidance requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern w ...
PDF
PDF

... issues is extremely thin and not in agreement. In particular, we still do not know what is more important in explaining the “Lucas Paradox”: fundamentals or market failures? Some researchers provide indirect historical evidence that schooling, natural resources, and demographic factors are the reaso ...
NBER WORKING PAPER SERIES AN EMPIRICAL INVESTIGATION
NBER WORKING PAPER SERIES AN EMPIRICAL INVESTIGATION

... issues is extremely thin and not in agreement. In particular, we still do not know what is more important in explaining the “Lucas Paradox”: fundamentals or market failures? Some researchers provide indirect historical evidence that schooling, natural resources, and demographic factors are the reaso ...
Capital Gains Taxation and Cross-border M&As
Capital Gains Taxation and Cross-border M&As

... gains taxation potentially depresses share prices, and raises the cost of equity finance to firms. The measurement of the impact of capital gains taxation on the cost of capital, however, has proven difficult. This reflects that the capital gains tax is a rather complex tax. Capital gains taxes are ...
Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d)
Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d)

... Our portfolio of commercial office buildings is primarily leased to large, credit-worthy, government and corporate tenants, and the majority of our revenue is derived from our office properties in the ten largest U.S. office markets based on rentable square footage, with the most significant concent ...
Gold, copper and silver production in Azerbaijan
Gold, copper and silver production in Azerbaijan

... report the return of Anglo Asian to profitability. I commented in my statement last year that 2015 was an important year in turning around your Company. The profit recorded for 2016 shows that this optimism was justified and we will continue to put in place the foundations for sustainable profitabil ...
Form 10-K - Kimco Investor Relations
Form 10-K - Kimco Investor Relations

... certain U.S. properties. If the Company accepts sales prices for any of these assets that are less than their net carrying values, the Company would be required to take impairment charges and such amounts could be material. In order to execute the Company’s strategy, the Company intends to continue ...
Kingfisher Annual Report and Accounts 2006/07
Kingfisher Annual Report and Accounts 2006/07

BELK INC - Investis
BELK INC - Investis

... (Do not check if smaller reporting company) ...
How Do Mergers Create Value? A Comparison of Taxes, Market
How Do Mergers Create Value? A Comparison of Taxes, Market

... benchmarked to industry performance) to infer efficiency improvements after mergers.2 As pointed out in the literature (e.g., Harford, 2005), the fact that mergers are clustered in industries experiencing severe economic, technological, and/or regulatory shocks makes it difficult to draw inferences fr ...
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C.
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C.

... (collectively, "CEMEX") that are based on the beliefs of its management as well as assumptions made by and information currently available to CEMEX. Such statements reflect the current views of CEMEX with respect to future events and are subject to certain risks, uncertainties and assumptions. Many ...
Demystifying Responsible Investment Performance
Demystifying Responsible Investment Performance

... with the UK Social Investment Forum, we featured examples of some of the most advanced and creative responsible investment strategies and practices being employed by leading public pension funds worldwide.4 Yet challenges remain. Turning to performance, it is insightful to start by looking at the ev ...
Common Agency and the Public Corporation
Common Agency and the Public Corporation

ASX Announcement - Alumina Limited
ASX Announcement - Alumina Limited

Q3 - Fiera Capital
Q3 - Fiera Capital

Report - Millennium Hotels and Resorts
Report - Millennium Hotels and Resorts

Financial intermediary capital
Financial intermediary capital

... run firms. These lenders are assumed to have a large endowment of funds in all dates and states, and have a large amount of collateral and hence are not subject to enforcement ...
Conservatism in Accounting
Conservatism in Accounting

Form 10-K - corporate
Form 10-K - corporate

... Upchurch Scientific businesses and has facilities in Rohnert Park, California (Innovadyne, Rheodyne and Systec products); Bristol, Connecticut (Eastern Plastics products); Glattbrugg, Switzerland and Wertheim-Mondfeld, Germany (Ismatec products), Middleboro, Massachusetts (Isolation Technologies and ...
State enterprises exposed to privatisation
State enterprises exposed to privatisation

... blocks for any analysis undertaken by investment professionals. The information in this presentation is subject to updating, revision, further verification and amendment without notice. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this investment p ...
Macy's Inc. - Mark E. Moore
Macy's Inc. - Mark E. Moore

... We found that Macy’s liquidity, when compared to their competitors, is disappointing. Macy’s liquidity ratios such as: current ratio, quick asset ratio, and working capital turnover were either below the industrial average or in decline. However, after computing Macy’s profitability ratios, we disco ...
Form 8-K GENERAL ELECTRIC CAPITAL SERVICES INC/CT
Form 8-K GENERAL ELECTRIC CAPITAL SERVICES INC/CT

... The information included in this Form 8-K affects only disclosures related to segment results, and does not in any way restate or revise the financial position, results of operations or cash flows in any reported Statement of Financial Position, Statement of Earnings or Statement of Cash Flows of Ge ...
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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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