Moving from private to public ownership: Selling out to
... management, then this scenario might be especially true when they have made significant investments in the firm. 3.2. Growth and the need for capital We expect the growth characteristics of the private firm to influence the choice of transition method for private-firm owners. A firm may range from b ...
... management, then this scenario might be especially true when they have made significant investments in the firm. 3.2. Growth and the need for capital We expect the growth characteristics of the private firm to influence the choice of transition method for private-firm owners. A firm may range from b ...
determinants of universal bank lending rate in ghana
... between surplus and deficit economic units. In the process of carrying out this primary task, banks have found themselves performing a number of functions which include; the mobilization of savings and money transfer services. In performing these roles, universal banks must consider the principles w ...
... between surplus and deficit economic units. In the process of carrying out this primary task, banks have found themselves performing a number of functions which include; the mobilization of savings and money transfer services. In performing these roles, universal banks must consider the principles w ...
Market-Wide Impact of the Disposition Effect: Evidence from IPO
... equal to the corresponding percentage value of shares traded. This is due to the cross-sectional differences in stock price levels. Rather than being a value-weighted average of individual firm turnover ratios, the market volume measure is a number of shares weighted average of individual firm turno ...
... equal to the corresponding percentage value of shares traded. This is due to the cross-sectional differences in stock price levels. Rather than being a value-weighted average of individual firm turnover ratios, the market volume measure is a number of shares weighted average of individual firm turno ...
Policy Dialogue on Corporate Governance in China
... tier, by voting in the shareholders assembly or sitting on their boards. In the Chinese Company Law, this kind of institutions are called “state authorized investment institutions” Despite its strong influence in reform practices, this model has never been formally accepted by the central government ...
... tier, by voting in the shareholders assembly or sitting on their boards. In the Chinese Company Law, this kind of institutions are called “state authorized investment institutions” Despite its strong influence in reform practices, this model has never been formally accepted by the central government ...
Do Mergers and Acquisitions Create Shareholder Wealth In The
... Some argue that mergers and acquisitions (M&A) create synergies that benefit both the acquiring company and the consumers (e.g., Weston, Mitchell and Mulherin, 2004). Others argue that M&A activities create agency problems, resulting in less than optimal returns (e.g., Jensen, 1986). Because the net ...
... Some argue that mergers and acquisitions (M&A) create synergies that benefit both the acquiring company and the consumers (e.g., Weston, Mitchell and Mulherin, 2004). Others argue that M&A activities create agency problems, resulting in less than optimal returns (e.g., Jensen, 1986). Because the net ...
Trading Dynamics between Informed and Noise Traders
... Financial economists who want to carry out an empirical test on the hypothesis generally resort to econometric analysis so that the significance of the variables of interest can be identified or some kind of causality between variables can be hoped to tease out. Though the testing model is straightf ...
... Financial economists who want to carry out an empirical test on the hypothesis generally resort to econometric analysis so that the significance of the variables of interest can be identified or some kind of causality between variables can be hoped to tease out. Though the testing model is straightf ...
Investment in an Indonesian Life Insurance Company, PT Panin Life
... Panin Life. Subject to obtaining all relevant regulatory approvals, Panin Life will become an affiliate of the Company. This relationship will bring added value for business growth providing excellence to customers and business partners. Panin Life mainly operates in Indonesia, a promising life insu ...
... Panin Life. Subject to obtaining all relevant regulatory approvals, Panin Life will become an affiliate of the Company. This relationship will bring added value for business growth providing excellence to customers and business partners. Panin Life mainly operates in Indonesia, a promising life insu ...
1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON
... believes that its market focus helps sustain earnings during economic downturns and allows it to focus on growth. Employee Ownership and Incentives The Company believes that employee stock ownership will be a significant factor in achieving its goal of consistent, profitable growth. The Eastman Empl ...
... believes that its market focus helps sustain earnings during economic downturns and allows it to focus on growth. Employee Ownership and Incentives The Company believes that employee stock ownership will be a significant factor in achieving its goal of consistent, profitable growth. The Eastman Empl ...
lease term
... right to purchase the leased asset at a price significantly lower than the expected fair value of the property and the exercise of the option appears reasonably assured. The lease term is normally considered to be the noncancelable term of the lease plus any periods covered by bargain renewal option ...
... right to purchase the leased asset at a price significantly lower than the expected fair value of the property and the exercise of the option appears reasonably assured. The lease term is normally considered to be the noncancelable term of the lease plus any periods covered by bargain renewal option ...
The Week at a Glance
... The budget maintained a focus on strategic infrastructure projects, including a record investment of more than $1 billion this year. Education/training was another noted priority. The capital tax on financial institutions is going up, but all told the budget delivered annualized tax relief of nearly ...
... The budget maintained a focus on strategic infrastructure projects, including a record investment of more than $1 billion this year. Education/training was another noted priority. The capital tax on financial institutions is going up, but all told the budget delivered annualized tax relief of nearly ...
What Else Can Central Banks Do? - Centre for Economic Policy
... the idea of a cashless economy, which would solve the lower bound problem by eliminating a riskless asset with zero nominal returns. This is not currently politically or practically realistic, but the authors would like to see it discussed as a future solution. With most options having already been ...
... the idea of a cashless economy, which would solve the lower bound problem by eliminating a riskless asset with zero nominal returns. This is not currently politically or practically realistic, but the authors would like to see it discussed as a future solution. With most options having already been ...
NBER WORKING PAPER SERIES BORROWING CONSTRAINTS AND CONSUMPTION BEHAVIOR IN JAPAN Midori Wakabayashi
... meeting of June 2005 for their helpful comments and discussions. This paper was prepared under the supervision of Wataru Suzuki, Associate Professor, Tokyo Gakugei University. We are grateful to the Central Council for Financial Services Information for making these data available to us, and we are ...
... meeting of June 2005 for their helpful comments and discussions. This paper was prepared under the supervision of Wataru Suzuki, Associate Professor, Tokyo Gakugei University. We are grateful to the Central Council for Financial Services Information for making these data available to us, and we are ...
Capital Structure and Employment Flexibility
... 2008; Frank and Goyal, 2009), this …nding is also important in illustrating the use of real corporate policies as integral determinants of …nancing decisions of …rms. My paper contributes to several more strands of literature. First of all, it relates to the research on the interactions between cor ...
... 2008; Frank and Goyal, 2009), this …nding is also important in illustrating the use of real corporate policies as integral determinants of …nancing decisions of …rms. My paper contributes to several more strands of literature. First of all, it relates to the research on the interactions between cor ...
RPM by the Numbers
... advantage of new product introductions and market share gains achieved at the depth of Europe’s recession, along with expense cuts made during the downturn. Our performance in Europe was demonstratively better than the continent’s underlying economic conditions, which is a real testament to our Eur ...
... advantage of new product introductions and market share gains achieved at the depth of Europe’s recession, along with expense cuts made during the downturn. Our performance in Europe was demonstratively better than the continent’s underlying economic conditions, which is a real testament to our Eur ...
Did the recent financial crisis affect credibility of credit rating agencies?
... in creditworthiness could logically increase the interest countries/corporates have to pay on its bond issues, which makes receiving a high rating important to governments/managers. US president Barack Obama for example said the following on national television on the 29th of July 2011 ‘If we don't ...
... in creditworthiness could logically increase the interest countries/corporates have to pay on its bond issues, which makes receiving a high rating important to governments/managers. US president Barack Obama for example said the following on national television on the 29th of July 2011 ‘If we don't ...
Liquidity Provision, Information, and Inventory - cfr
... actualize this competitive advantage. Further, financial institutional traders use order revisions to mitigate the incremental execution costs on earnings announcements days, when information uncertainty and the value of private information are high. Bloomfield et al. (2005) show that, in an experi ...
... actualize this competitive advantage. Further, financial institutional traders use order revisions to mitigate the incremental execution costs on earnings announcements days, when information uncertainty and the value of private information are high. Bloomfield et al. (2005) show that, in an experi ...
intermediary payment guarantee
... in house UCP600 formatted SLC supporting the commission payment(s) as per the obligations defined under this IPG. 6. The Beneficiary shall remain privy to the whole transaction until failure or success is confirmed, on the initial deal supporting this IPG. As for revolving monthly shipments, once t ...
... in house UCP600 formatted SLC supporting the commission payment(s) as per the obligations defined under this IPG. 6. The Beneficiary shall remain privy to the whole transaction until failure or success is confirmed, on the initial deal supporting this IPG. As for revolving monthly shipments, once t ...
Fair Value Measurement and Application
... approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets, liabilities, or a group of assets and liabilities. The cost approach reflects the amount that would be required currently to replace the service capacit ...
... approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets, liabilities, or a group of assets and liabilities. The cost approach reflects the amount that would be required currently to replace the service capacit ...
CEE Banking
... Within the NMC-8 this bank restructuring and subsequent privatisation process took up to 2001 for the Czech Republic, Slovakia and Lithuania. As a result the vast majority of banks operating in the NMC8 are now private and mostly foreign-owned. There is one large majority state-owned bank left in Po ...
... Within the NMC-8 this bank restructuring and subsequent privatisation process took up to 2001 for the Czech Republic, Slovakia and Lithuania. As a result the vast majority of banks operating in the NMC8 are now private and mostly foreign-owned. There is one large majority state-owned bank left in Po ...
SME Access to External Finance BIS ECONOMICS PAPER NO. 16 JANUARY 2012
... Although most businesses can obtain the finance they need (74% of those SME employers seeking finance over the previous 12 months managed to obtain some finance), it is now harder to obtain than in 2007/08 when 90% of those seeking finance obtained it. This is equivalent to 21% of SME employers that ...
... Although most businesses can obtain the finance they need (74% of those SME employers seeking finance over the previous 12 months managed to obtain some finance), it is now harder to obtain than in 2007/08 when 90% of those seeking finance obtained it. This is equivalent to 21% of SME employers that ...
Financialization
Financialization is a term sometimes used in discussions of the financial capitalism that has developed over the decades between 1980 and 2010, in which financial leverage tended to override capital (equity), and financial markets tended to dominate over the traditional industrial economy and agricultural economics.Financialization describes an economic system or process that attempts to reduce all value that is exchanged (whether tangible or intangible, future or present promises, etc.) into a financial instrument. The intent of financialization is to be able to reduce any work product or service to an exchangeable financial instrument, like currency, and thus make it easier for people to trade these financial instruments.Workers, through a financial instrument such as a mortgage, may trade their promise of future work or wages for a home. The financialization of risk sharing is what makes possible all insurance. The financialization of a government's promises (e.g., US government bonds) is what makes possible all government deficit spending. Financialization also makes economic rents possible.