STILLWATER MINING COMPANY - Investor Relations Solutions
... On February 25, 2016, the FASB issued ASU 2016-02, Leases, (Topic 840), which requires an entity that leases assets, with terms of more than 12 months, to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. ASU 2016-02 is effective for fi ...
... On February 25, 2016, the FASB issued ASU 2016-02, Leases, (Topic 840), which requires an entity that leases assets, with terms of more than 12 months, to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. ASU 2016-02 is effective for fi ...
Frame - Frips
... mechanic can often diagnose a problem by the sound of an engine, and a physician who has seen many cases of congestive heart failure develops a good feel for how much diuretic to administer. Interestingly, Charlie Munger once stated: "Warren often talks about these discounted cash flows, but I've ne ...
... mechanic can often diagnose a problem by the sound of an engine, and a physician who has seen many cases of congestive heart failure develops a good feel for how much diuretic to administer. Interestingly, Charlie Munger once stated: "Warren often talks about these discounted cash flows, but I've ne ...
2012 FINANCIAL REPORT TO SHAREHOLDERS
... number of ordinary shares on issue during the period. The weighted average number of shares on issue has been calculated in accordance with Accounting Standard AASB 133 Earnings per Share 14 The current year figure represents the dividend value given the shares on issue as at reporting date. This f ...
... number of ordinary shares on issue during the period. The weighted average number of shares on issue has been calculated in accordance with Accounting Standard AASB 133 Earnings per Share 14 The current year figure represents the dividend value given the shares on issue as at reporting date. This f ...
PowerPoint - McGraw Hill Higher Education
... What is Net Income? Net income is not an asset it’s an increase in owners’ equity from profits of the business. ...
... What is Net Income? Net income is not an asset it’s an increase in owners’ equity from profits of the business. ...
printmgr file - Goldman Sachs
... in fixed income, equity, currency and commodity products, primarily with institutional clients such as corporations, financial institutions, investment funds and governments. The firm also makes markets in and clears client transactions on major stock, options and futures exchanges worldwide and pro ...
... in fixed income, equity, currency and commodity products, primarily with institutional clients such as corporations, financial institutions, investment funds and governments. The firm also makes markets in and clears client transactions on major stock, options and futures exchanges worldwide and pro ...
Español - Investor Relations Solutions
... viviendas cada vez más bajos, el desempleo en aumento y los mercados crediticios cada vez más escasos. Sin embargo, a medida que se desarrolló el año, comenzaron a aparecer algunas señales alentadoras en las economías a gran escala, las que sugerían que quizás lo peor ya había quedado atrás. Las med ...
... viviendas cada vez más bajos, el desempleo en aumento y los mercados crediticios cada vez más escasos. Sin embargo, a medida que se desarrolló el año, comenzaron a aparecer algunas señales alentadoras en las economías a gran escala, las que sugerían que quizás lo peor ya había quedado atrás. Las med ...
Capital Structure and Employment Flexibility
... strategies that concern production process and organizational structure of a …rm, and …nancial strategy guarding the choice over debt and equity. How do operations a¤ect …nancing decisions? What are the mechanisms and consequences of this interdependence? My paper uses a unique natural experiment to ...
... strategies that concern production process and organizational structure of a …rm, and …nancial strategy guarding the choice over debt and equity. How do operations a¤ect …nancing decisions? What are the mechanisms and consequences of this interdependence? My paper uses a unique natural experiment to ...
How to Discount Cashflows with Time
... Brennan (1997) also considers the problem of discounting cashf lows with time-varying expected returns and proposes a term structure of discount rates. Our model significantly generalizes Brennan’s formulation. In his setup, the beta of the security is constant and only the risk premium changes. Fur ...
... Brennan (1997) also considers the problem of discounting cashf lows with time-varying expected returns and proposes a term structure of discount rates. Our model significantly generalizes Brennan’s formulation. In his setup, the beta of the security is constant and only the risk premium changes. Fur ...
Who are the Value and Growth Investors?
... exhibits substantial heterogeneity across households. When we sort investors by the value tilt of their risky asset portfolios, the difference in expected return is about 10% per year between the top and bottom deciles. We document that the value tilt of household portfolios is strongly related to ...
... exhibits substantial heterogeneity across households. When we sort investors by the value tilt of their risky asset portfolios, the difference in expected return is about 10% per year between the top and bottom deciles. We document that the value tilt of household portfolios is strongly related to ...
Corporate Governance And Earnings
... Chi-keung Man, University of Aberdeen, UK / Hang Seng Management College, Hong Kong Brossa Wong, Hang Seng Management College, Hong Kong ...
... Chi-keung Man, University of Aberdeen, UK / Hang Seng Management College, Hong Kong Brossa Wong, Hang Seng Management College, Hong Kong ...
REV Group, Inc.
... On April 22, 2016, the Company acquired certain real estate assets and 100% of the common shares of Kovatch Mobile Equipment Corp. (“KME” and the “KME Acquisition”). KME produces a broad portfolio of customized specialty fire apparatus vehicles, and markets them to fire-rescue, military, aviation, a ...
... On April 22, 2016, the Company acquired certain real estate assets and 100% of the common shares of Kovatch Mobile Equipment Corp. (“KME” and the “KME Acquisition”). KME produces a broad portfolio of customized specialty fire apparatus vehicles, and markets them to fire-rescue, military, aviation, a ...
Debt Refinancing and Equity Returns
... where DB and π Q denote the benefits of debt and the probability of default, respectively, which both increase with P . Understanding a firm’s debt maturity profile is important because the optimal choice of debt maturities is also subject to a tradeoff. Previous research provides various arguments ...
... where DB and π Q denote the benefits of debt and the probability of default, respectively, which both increase with P . Understanding a firm’s debt maturity profile is important because the optimal choice of debt maturities is also subject to a tradeoff. Previous research provides various arguments ...
2016 Annual Report - St Barbara Limited
... (1) Cash Operating Costs are mine operating costs including government royalties, and after by‐product credits. This is a non‐IFRS financial measure which has not been subject to review or audit by the Group’s external auditors. It is presented to provide meaningful informati ...
... (1) Cash Operating Costs are mine operating costs including government royalties, and after by‐product credits. This is a non‐IFRS financial measure which has not been subject to review or audit by the Group’s external auditors. It is presented to provide meaningful informati ...
Wolverine Form 10-K 2014
... apparel and accessories) and year-round lifestyle brand for men and women. Sperry Top-Sider® also offers sportspecific and athlete-tested performance footwear solutions for sailors, boaters, anglers and multi-water sports enthusiasts. The Advance Water Technologies™ product collection featuring ASV™ ...
... apparel and accessories) and year-round lifestyle brand for men and women. Sperry Top-Sider® also offers sportspecific and athlete-tested performance footwear solutions for sailors, boaters, anglers and multi-water sports enthusiasts. The Advance Water Technologies™ product collection featuring ASV™ ...
Accounting for financial instruments with characteristics of debt and
... financial asset or liability, it is classified as an equity instrument. That is, only financial instruments that evidence a residual interest in the assets of an entity after deducting all of the entity’s liabilities are classified as equity (IASB 2008: para 16). In this regard, the principle is sim ...
... financial asset or liability, it is classified as an equity instrument. That is, only financial instruments that evidence a residual interest in the assets of an entity after deducting all of the entity’s liabilities are classified as equity (IASB 2008: para 16). In this regard, the principle is sim ...
Cash-flow Risk, Discount Risk, and the Value Premium
... dynamics over time. We show that discount risk effects interact with the cross-sectional dispersion in cash-flow risk to induce time series variation in the relative risk of value versus growth stocks over the business cycle as measured by shocks to aggregate consumption. In particular, consistently ...
... dynamics over time. We show that discount risk effects interact with the cross-sectional dispersion in cash-flow risk to induce time series variation in the relative risk of value versus growth stocks over the business cycle as measured by shocks to aggregate consumption. In particular, consistently ...
discussion paper no 657
... to the financial crisis”, (p. 79). In this paper we evaluate this claim by examining the payperformance relationship of executives in all UK companies, and in financial services companies in particular.1 We argue that if an emphasis on short-term profits in the banking sector meant that remuneration ...
... to the financial crisis”, (p. 79). In this paper we evaluate this claim by examining the payperformance relationship of executives in all UK companies, and in financial services companies in particular.1 We argue that if an emphasis on short-term profits in the banking sector meant that remuneration ...
Capital Flows to Developing Countries: The Allocation Puzzle
... puzzle, and section 5 speculates on possible explanations. ...
... puzzle, and section 5 speculates on possible explanations. ...
DIVIDEND POLICY MODELS Cezary Mech * RESEARCH PAPER
... into portfolios, when in fact the use of individual stock returns would have yielded much more accurate results. Consequently, the opposite hypothesis, namely that the dividend yield does matter, could not be rejected either. The irrelevance theory has been questioned in many dimensions –in fact, th ...
... into portfolios, when in fact the use of individual stock returns would have yielded much more accurate results. Consequently, the opposite hypothesis, namely that the dividend yield does matter, could not be rejected either. The irrelevance theory has been questioned in many dimensions –in fact, th ...
American Superconductor Corporation
... actions to consolidate certain business operations to reduce facility costs. As of June 30, 2016 , the Company had a global workforce of 379 persons. The Company plans to closely monitor its expenses and, if required, expects to further reduce operating costs and capital spending to enhance liquidit ...
... actions to consolidate certain business operations to reduce facility costs. As of June 30, 2016 , the Company had a global workforce of 379 persons. The Company plans to closely monitor its expenses and, if required, expects to further reduce operating costs and capital spending to enhance liquidit ...