The Timing of Asset Sales
... This study examines the possibility of earnings management using actual asset sale transactions. This method of earnings management requires decisions about the actual occurrence and timing of real transactions in order to achieve a certain desirable level of reported earnings, rather than the use o ...
... This study examines the possibility of earnings management using actual asset sale transactions. This method of earnings management requires decisions about the actual occurrence and timing of real transactions in order to achieve a certain desirable level of reported earnings, rather than the use o ...
TVN plc – the meaning behind the IPO
... Boasting about successful placement of the issue may be a bit off the point here. One would rather suspect that the bonds were bought by parties linked to ITI, such as the BRE Bank. The bond issue had an effect of hiding the parties financing TVN and ITI. In case of credits and loans hiding would ha ...
... Boasting about successful placement of the issue may be a bit off the point here. One would rather suspect that the bonds were bought by parties linked to ITI, such as the BRE Bank. The bond issue had an effect of hiding the parties financing TVN and ITI. In case of credits and loans hiding would ha ...
Presentación de PowerPoint
... Company, its evolution, its results and its dividends represents a simple forecast whose formulation does not represent a guarantee with respect to the future performance of the Company or the achievement of its targets or estimated results. The recipients of this information must be aware that the ...
... Company, its evolution, its results and its dividends represents a simple forecast whose formulation does not represent a guarantee with respect to the future performance of the Company or the achievement of its targets or estimated results. The recipients of this information must be aware that the ...
Threat of entry and debt maturity: evidence from airlines
... threat of entry is reflected into the stock price, firms may be less likely to issue equity to reduce leverage, suggesting that the leverage ratio is not going to change (Baker and Wurgler (2002)). Finally, issuing equity when a firm faces rollover failure may actually result in a transfer of value ...
... threat of entry is reflected into the stock price, firms may be less likely to issue equity to reduce leverage, suggesting that the leverage ratio is not going to change (Baker and Wurgler (2002)). Finally, issuing equity when a firm faces rollover failure may actually result in a transfer of value ...
Temperature, Aggregate Risk, and Expected Returns
... data on global capital markets we find that the risk-exposure of these returns to temperature shocks, i.e., their temperature beta, is a highly significant variable in accounting for crosssectional differences in expected returns. Second, using a panel of countries we show that GDP growth is negative ...
... data on global capital markets we find that the risk-exposure of these returns to temperature shocks, i.e., their temperature beta, is a highly significant variable in accounting for crosssectional differences in expected returns. Second, using a panel of countries we show that GDP growth is negative ...
Research into the International Capital
... While the Majors, continually change the evidentiary basis upon which their capital harmonisation figures rely (moving from ABA to PwC to APRA), the fact remains that there is simply insufficient publicly available information combined with a preponderance of unsupported assumptions for the publishe ...
... While the Majors, continually change the evidentiary basis upon which their capital harmonisation figures rely (moving from ABA to PwC to APRA), the fact remains that there is simply insufficient publicly available information combined with a preponderance of unsupported assumptions for the publishe ...
LEASES
... • The basic concept of lease accounting is that some leases are merely rentals, whereas others are disguised purchases. For instance, if you rent office space for a year, the space is worth nearly as much at the end of the year as when you started; you are simply using it for a short period of time. ...
... • The basic concept of lease accounting is that some leases are merely rentals, whereas others are disguised purchases. For instance, if you rent office space for a year, the space is worth nearly as much at the end of the year as when you started; you are simply using it for a short period of time. ...
Annual Report - The Standard Finance
... boost the entrepreneurial spirit and will translate into more target-oriented decision making in order to achieve company objectives. Beyond commercial activities, as you can read from our corporate responsibility section, Esprit will not forget to give back to the community. I am proud to report th ...
... boost the entrepreneurial spirit and will translate into more target-oriented decision making in order to achieve company objectives. Beyond commercial activities, as you can read from our corporate responsibility section, Esprit will not forget to give back to the community. I am proud to report th ...
Government Money Fund (formerly T. Rowe Price Prime Reserve
... issuer credit downgrades, illiquid markets, and historically low yields on the securities they can hold. There have been a very small number of money funds in other fund complexes that have “broken the buck,” which means that those funds’ investors did not receive $1.00 per share for their investmen ...
... issuer credit downgrades, illiquid markets, and historically low yields on the securities they can hold. There have been a very small number of money funds in other fund complexes that have “broken the buck,” which means that those funds’ investors did not receive $1.00 per share for their investmen ...
Cash Reserves Fund
... In addition to investing in money market securities issued by corporations and financial institutions, the fund may also invest in U.S. Treasury securities and other U.S. government securities, and repurchase agreements thereon; municipal money market securities issued by state and local governments ...
... In addition to investing in money market securities issued by corporations and financial institutions, the fund may also invest in U.S. Treasury securities and other U.S. government securities, and repurchase agreements thereon; municipal money market securities issued by state and local governments ...
Backus - NYU Stern School of Business
... During the 1990s, terrorism increased from groups such as the Sendero Luminoso (Shining Path) and Movimiento Revolucionario Tupac Amaru (MRTA) guerrilla groups.14 Terrorist activities range from isolated attacks in prisons to bombing attacks in the capital, Lima. Fujimori classifies terrorism as cr ...
... During the 1990s, terrorism increased from groups such as the Sendero Luminoso (Shining Path) and Movimiento Revolucionario Tupac Amaru (MRTA) guerrilla groups.14 Terrorist activities range from isolated attacks in prisons to bombing attacks in the capital, Lima. Fujimori classifies terrorism as cr ...
Liquidity Provision, Information, and Inventory - cfr
... negative relation between the number of times an order in an institutional trader's portfolio is revised and the portfolio's execution cost — measured by a modified 13 version of the Perold (1988) implementation shortfall method. Results also show that institutional traders reduce the adverse select ...
... negative relation between the number of times an order in an institutional trader's portfolio is revised and the portfolio's execution cost — measured by a modified 13 version of the Perold (1988) implementation shortfall method. Results also show that institutional traders reduce the adverse select ...
CHAPTER 10
... but coming up with cash flow forecasts upon which to base a decision was further complicated by the fact that there was good deal of uncertainty about how individuals would spend their entertainment dollars in the future. The entertainment market had changed quite a bit since Disneyland first opened ...
... but coming up with cash flow forecasts upon which to base a decision was further complicated by the fact that there was good deal of uncertainty about how individuals would spend their entertainment dollars in the future. The entertainment market had changed quite a bit since Disneyland first opened ...
Overvalued Equity and Financing Decisions
... For a manager to cater to investor overvaluation of growth opportunities, the firm plausibly must seem to have such opportunities. Furthermore, scale economies in new projects will only matter for firms that have potentially attractive new projects. So, both arguments imply a greater sensitivity of ...
... For a manager to cater to investor overvaluation of growth opportunities, the firm plausibly must seem to have such opportunities. Furthermore, scale economies in new projects will only matter for firms that have potentially attractive new projects. So, both arguments imply a greater sensitivity of ...
WASHINGTON TRUST BANCORP INC (Form: 10-Q
... Washington Trust Bancorp, Inc. (the “Bancorp”) is a publicly-owned registered bank holding company and financial holding company. The Bancorp owns all of the outstanding common stock of The Washington Trust Company, of Westerly (the “Bank”), a Rhode Island chartered commercial bank founded in 1800. ...
... Washington Trust Bancorp, Inc. (the “Bancorp”) is a publicly-owned registered bank holding company and financial holding company. The Bancorp owns all of the outstanding common stock of The Washington Trust Company, of Westerly (the “Bank”), a Rhode Island chartered commercial bank founded in 1800. ...
Switching Bubbles: From Outside to Inside
... entrepreneurs. Investors save to consume when they are old. Entrepreneurs can borrow to produce output but they face a collateral constraint. I show that the size of an Inside Bubble is larger. I also show that when the economy switches from an Outside to an Inside Bubble, investment and debt are lo ...
... entrepreneurs. Investors save to consume when they are old. Entrepreneurs can borrow to produce output but they face a collateral constraint. I show that the size of an Inside Bubble is larger. I also show that when the economy switches from an Outside to an Inside Bubble, investment and debt are lo ...
makerere university firm characteristics, foreign exchange risk
... the related exposure management that a rises so as to benefit from exports. ...
... the related exposure management that a rises so as to benefit from exports. ...