Franchise Value and Firm Profitability: The Case of the Property
... them to charge a higher premium (i.e., a greater loading) and benefit from a policy distributional cost advantage (e.g., reduced expense). While franchise value provides insurer advantage there is also a downside to firm investment in these intangible assets: when an insurer becomes insolvent intang ...
... them to charge a higher premium (i.e., a greater loading) and benefit from a policy distributional cost advantage (e.g., reduced expense). While franchise value provides insurer advantage there is also a downside to firm investment in these intangible assets: when an insurer becomes insolvent intang ...
Facilitator`s Guide
... 2. Identify medication cost as an important barrier to adherence. 3. Recognize the importance of simplifying medication regimens to improve patient outcomes (stop nonessential medications and de-escalate therapy when indicated and when possible). 4. Describe medication prior authorization process an ...
... 2. Identify medication cost as an important barrier to adherence. 3. Recognize the importance of simplifying medication regimens to improve patient outcomes (stop nonessential medications and de-escalate therapy when indicated and when possible). 4. Describe medication prior authorization process an ...
Customer relationships and the heterogeneity of firm performance
... firm performance, we examine the content and logic of relationship performance by defining how value is created in customer relationships. Firms use their resources and capabilities in order to create value. Drawing on Barney (1991), Daum (2002), Edvinsson and Malone (1997), Eisenhardt and Martin (2 ...
... firm performance, we examine the content and logic of relationship performance by defining how value is created in customer relationships. Firms use their resources and capabilities in order to create value. Drawing on Barney (1991), Daum (2002), Edvinsson and Malone (1997), Eisenhardt and Martin (2 ...
Download attachment
... Directors of boards often sit on more than one board. Directors are also known to have several commitments and often conflicting requirements. They have time constraints and thus need to carefully manage their efforts for maximum results. The principal function that tests the effectiveness of a boar ...
... Directors of boards often sit on more than one board. Directors are also known to have several commitments and often conflicting requirements. They have time constraints and thus need to carefully manage their efforts for maximum results. The principal function that tests the effectiveness of a boar ...
Ch 8 - Finance
... big) then first reduce short-term debt to zero. If assets are still too small, then instead of sticking the excess cash in short-term investments, pay out the excess as a dividend. So, instead of accumulating marketable securities when it has excess cash, the firm will pay dividends. DES Chapter 8 ...
... big) then first reduce short-term debt to zero. If assets are still too small, then instead of sticking the excess cash in short-term investments, pay out the excess as a dividend. So, instead of accumulating marketable securities when it has excess cash, the firm will pay dividends. DES Chapter 8 ...
Measuring Investment Distortions When Risk-Averse
... Further, in related work, Ju, Parrino, Poteshman, and Weisbach (2005) show that the optimal capital structures predicted by our model are similar to both capital structures observed in practice and to the 22.62% market debt to total capital ratio assumed for the hypothetical firm in our analysis. We ...
... Further, in related work, Ju, Parrino, Poteshman, and Weisbach (2005) show that the optimal capital structures predicted by our model are similar to both capital structures observed in practice and to the 22.62% market debt to total capital ratio assumed for the hypothetical firm in our analysis. We ...
Optimal Debt and Equity Values in the Presence of Chapter 7 and
... if the firm can avoid liquidation and emerge from bankruptcy. We model this goal by allowing for debt forgiveness once in Chapter 11. Our modeling approach allows us to draw a clear distinction between the notions of bankruptcy and liquidation. Absent the reorganization option, Black and Cox (1976) ...
... if the firm can avoid liquidation and emerge from bankruptcy. We model this goal by allowing for debt forgiveness once in Chapter 11. Our modeling approach allows us to draw a clear distinction between the notions of bankruptcy and liquidation. Absent the reorganization option, Black and Cox (1976) ...
Some comments on the historical role of fetishism in economic
... (Nathan 1996; Conti and Principe 1989) which have been recently reconsidered, in some of its respects usefully applied to economy and social sciences, for example, by Kurasawa (2004), Cluley and Dunne (2012) and Kiarina Kordela (2013). For instance, following the abstract of her remarkable work, Kia ...
... (Nathan 1996; Conti and Principe 1989) which have been recently reconsidered, in some of its respects usefully applied to economy and social sciences, for example, by Kurasawa (2004), Cluley and Dunne (2012) and Kiarina Kordela (2013). For instance, following the abstract of her remarkable work, Kia ...
Institutional Investors as Blockholders
... blockholder in the US, as already noted, is the II. The synthesis of the blockholder mode of ownership with market mechanisms, such as takeovers, allows for the transformation of what Coffee described as the tradeoffs between the monitoring of corporate managers and the promotion of efficient and li ...
... blockholder in the US, as already noted, is the II. The synthesis of the blockholder mode of ownership with market mechanisms, such as takeovers, allows for the transformation of what Coffee described as the tradeoffs between the monitoring of corporate managers and the promotion of efficient and li ...
Attention: President The Stock Exchange of Thailand Attachment
... Remark: 1) The Board of Directors and / or Executive Committee and / or the CEO and / or Board of Directors or Executive Committee assigned. To consider offering of new shares in one or several occasions and will be offered to any person or group of people every time before a group of people togeth ...
... Remark: 1) The Board of Directors and / or Executive Committee and / or the CEO and / or Board of Directors or Executive Committee assigned. To consider offering of new shares in one or several occasions and will be offered to any person or group of people every time before a group of people togeth ...
Does Corporate Governance Affect Firm Value? Evidence from Korea
... mandatory legal rules affect firm value. These exogenously imposed rules also allow us to control for endogeneity with a twostage least squares (2SLS) and a three stage least squares (3SLS) simultaneous equations ...
... mandatory legal rules affect firm value. These exogenously imposed rules also allow us to control for endogeneity with a twostage least squares (2SLS) and a three stage least squares (3SLS) simultaneous equations ...
Aluvion Professional Corporation - Notice This sample Term Sheet
... purposes only and does not constitute advertising, a solicitation, or legal advice. Neither the transmission of this sample Term Sheet nor the transmission of any information contained in this website is intended to create, and receipt hereof or thereof does not constitute formation of, a lawyer-cli ...
... purposes only and does not constitute advertising, a solicitation, or legal advice. Neither the transmission of this sample Term Sheet nor the transmission of any information contained in this website is intended to create, and receipt hereof or thereof does not constitute formation of, a lawyer-cli ...
Fair Value Accounting: Information or Confusion for Financial Markets?
... prominence of FVA in financial reporting, a case in point being FASB’s recent proposal which would require banks to value their loan portfolios at FV (FASB 2010). While some of these changes are welcome by the investment community, their usefulness is still unclear. For example a recent survey of pr ...
... prominence of FVA in financial reporting, a case in point being FASB’s recent proposal which would require banks to value their loan portfolios at FV (FASB 2010). While some of these changes are welcome by the investment community, their usefulness is still unclear. For example a recent survey of pr ...
Freeze-Out Transactions in Germany and the U.S.
... marks the end of the exchange-traded life of a corporation—it is a “going private” transaction. A freeze-out is therefore the counterpart to an initial public offering. Whereas the latter leads to the public listing of a corporation and thus a multiplication of shareholders, the freeze-out transacti ...
... marks the end of the exchange-traded life of a corporation—it is a “going private” transaction. A freeze-out is therefore the counterpart to an initial public offering. Whereas the latter leads to the public listing of a corporation and thus a multiplication of shareholders, the freeze-out transacti ...
main market-related risks
... for many years, aimed to take the necessary measures to reduce the environmental impact of the activities it controls and directly influences, such as, for its renovation and/or building projects, site checks, and for the operational portfolio compliance with the environmental permits. Furthermore, ...
... for many years, aimed to take the necessary measures to reduce the environmental impact of the activities it controls and directly influences, such as, for its renovation and/or building projects, site checks, and for the operational portfolio compliance with the environmental permits. Furthermore, ...
The University of Chicago, The Booth School of
... decade.1 Opponents of proxy access argue that it would shift a dangerous amount of power to certain kinds of shareholders (for example, union pension funds) who could pursue objectives counter to shareholder value maximization (see, for example, Bainbridge 2003). They also argue that high-quality di ...
... decade.1 Opponents of proxy access argue that it would shift a dangerous amount of power to certain kinds of shareholders (for example, union pension funds) who could pursue objectives counter to shareholder value maximization (see, for example, Bainbridge 2003). They also argue that high-quality di ...
Price busters - London Business School
... up to that fact usually change course in one of two ways. Some become more defensive and try to differentiate their products—a strategy that works only if they can meet a stringent set of conditions. Others take the offensive by launching low-cost businesses of their own. This so-called dual strateg ...
... up to that fact usually change course in one of two ways. Some become more defensive and try to differentiate their products—a strategy that works only if they can meet a stringent set of conditions. Others take the offensive by launching low-cost businesses of their own. This so-called dual strateg ...
Exam: 20 MC, 1 essay question. Economic backdrop:
... 3. Covalt v. High (p.69) – The parties were officers and shareholders of CSI at the time they formed a partnership for the purpose of purchasing real estate and leasing office space to CSI. They were aware at the outset of the potential for conflict bet. their duties as corp. officers to further the ...
... 3. Covalt v. High (p.69) – The parties were officers and shareholders of CSI at the time they formed a partnership for the purpose of purchasing real estate and leasing office space to CSI. They were aware at the outset of the potential for conflict bet. their duties as corp. officers to further the ...
Competitive Markets, Corporate Firms, and New Governance
... in order to “fill the vacuum of global governance” (Scherer and Palazzo, 2008; p. 425). As Scherer and Palazzo (2008; p. 414) argue, the “global framework of rules is fragile and incomplete. Therefore, business firms have an additional political responsibility to contribute to the development and pr ...
... in order to “fill the vacuum of global governance” (Scherer and Palazzo, 2008; p. 425). As Scherer and Palazzo (2008; p. 414) argue, the “global framework of rules is fragile and incomplete. Therefore, business firms have an additional political responsibility to contribute to the development and pr ...
Lecture 15
... sources of capital, except for internally generated funds, is that the company incurs issuing costs or flotation costs when new securities are issued. These include any fees paid to the investment dealer and/or any discounts provided to investors to entice them to purchase the securities. As a r ...
... sources of capital, except for internally generated funds, is that the company incurs issuing costs or flotation costs when new securities are issued. These include any fees paid to the investment dealer and/or any discounts provided to investors to entice them to purchase the securities. As a r ...
Value versus Growth - Krannert School of Management
... varies systematically with book-to-market. Moving from growth to value, the coefficients increase in magnitude virtually monotonically from −5.68 (standard error = 1.54) to −11.67 (standard error = 3.28). This evidence means that in the high-volatility state, value firms are more affected by interes ...
... varies systematically with book-to-market. Moving from growth to value, the coefficients increase in magnitude virtually monotonically from −5.68 (standard error = 1.54) to −11.67 (standard error = 3.28). This evidence means that in the high-volatility state, value firms are more affected by interes ...
MBA 661 Debate 4
... harm in the US economy, especially with the stock market in a very fragile state. By reporting this incorrect negative information, the stock market would devalue these corporations, which may hurt stockholders across the entire market. Finally this may also cause corporations to stop issuing stock ...
... harm in the US economy, especially with the stock market in a very fragile state. By reporting this incorrect negative information, the stock market would devalue these corporations, which may hurt stockholders across the entire market. Finally this may also cause corporations to stop issuing stock ...
Share Valuation and Evaluation of the Effect of the Use of Defense
... These days, technological developments, power shifts in the supply chain, changing consumer behavior and globalization require intensified investments by the cooperatives’ members in order to compete with non-cooperative firms (Van Bekkum & Bijman, 2006). Van Bekkum and Bijman (2006) identify two so ...
... These days, technological developments, power shifts in the supply chain, changing consumer behavior and globalization require intensified investments by the cooperatives’ members in order to compete with non-cooperative firms (Van Bekkum & Bijman, 2006). Van Bekkum and Bijman (2006) identify two so ...
Administration of Member General Meetings - CS Isaac Nduru
... those of the company's shareholders. Since ESOP shares are part of employees' remuneration for their services, to the company, ESOPs can be used to keep plan participants focused on company performance and share price appreciation/growth in value. ...
... those of the company's shareholders. Since ESOP shares are part of employees' remuneration for their services, to the company, ESOPs can be used to keep plan participants focused on company performance and share price appreciation/growth in value. ...
Pricing: A Value
... Pricing should be driven primarily by the value of the product to the customer. There are a number of ways in which this value can be estimated. This value analysis should be complemented by an analysis of just how important price is in the customer’s decision-making process. This price sensitivity ...
... Pricing should be driven primarily by the value of the product to the customer. There are a number of ways in which this value can be estimated. This value analysis should be complemented by an analysis of just how important price is in the customer’s decision-making process. This price sensitivity ...