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In this paper, I study the inclusion of cost savings and synergy add-backs (cost-synergy add-backs hereafter) in loan contracts. Such add-backs allow borrowers to add unrealized cost savings and synergy gains into contractual earnings calculations and thus reflect timely gain recognition in debt...
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threat of short selling increases long-term (i.e., R&D) investment. An instrumental variable approach and the use of several … promotes long-term investment: improved price efficiency, enhanced disciplining impact, and a more positive feedback effect … it enhances the firm's future growth, performance, and innovation output through encouraging long-term investment …
Persistent link: https://www.econbiz.de/10013028270
threat of short selling increases long-term (i.e., R&D) investment. An instrumental variable approach and the use of several … promotes long-term investment: improved price efficiency, enhanced disciplining impact, and a more positive feedback effect … it enhances the firm's future growth, performance, and innovation output through encouraging long-term investment …
Persistent link: https://www.econbiz.de/10013029057
Pension Plans 2014 discusses the popular cash balance plan, floor offset plan and cross tested plan from an actuarial viewpoint. Many retirement plan could be upgraded to take into account benefits from a pension plan if they were understood. Contributions to these plans are made on a "benefits"...
Persistent link: https://www.econbiz.de/10013049636
A data set of key macro-sustainability indicators, constructed after several fact-finding missions, and World Bank methodologies on estimating wealth accounting are used to study Mauritania's wealth, which is estimated to be between USD50 and USD60 billion. The country's produced wealth...
Persistent link: https://www.econbiz.de/10011396168
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This paper explores the hypothesis that the rise in intangible capital is a fundamental driver of the secular trend in US corporate cash holdings over the last decades. Using a new measure, we show that intangible capital is the most important firm-level determinant of corporate cash holdings....
Persistent link: https://www.econbiz.de/10012938237