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-felt wish by teachers- even though they use textbooks with international focus- to teach Finance courses at tertiary … institutions with increasingly more and more local content in accounting, banking and finance subjects. The professionals, who make … markets as a ready source of peer-reviewed materials on Finance. …
Persistent link: https://www.econbiz.de/10009441701
Regression analysis has shown that recovery rates are determined by a variety of conditions at the time of default. These conditions can be broken into five major categories: (1) a security's seniority within the capital structure of the defaulting firm, (2) the type of default event, (3)...
Persistent link: https://www.econbiz.de/10009474969
This study investigates the importance of reduced capital misallocation in explaining the gains in corporate spinoffs. The capital misallocation hypothesis asserts that the internal capital market of a diversified firm fails to meet the needs of the relatively low growth divisions for less...
Persistent link: https://www.econbiz.de/10009475068
Past literature attempts to resolve the issue of the motivation behind managers' choice of a given capital structure. Despite several decades of intensive research, there is still no consensus about which theory dominates capital structure decisions. The present study empirically investigates...
Persistent link: https://www.econbiz.de/10009475080
skills, knowledge, and capital. Multinational corporations (MNCs) are more likely to invest in countries with lower political …
Persistent link: https://www.econbiz.de/10009438695
venture capital market, at least in the United States. This contrasts with other contexts in corporate finance, where … preferred stock is thought to be a financing vehicle long in decline. The only mature firms that finance with preferred, which … matter. Tax rules favoring debt finance provide the primary explanation for preferred's decline. But many corporate law …
Persistent link: https://www.econbiz.de/10009466425
The website, Plastic Jungle, is taking advantage of the rapidly growing gift card phenomena by creating a secondary market that enables consumers to buy, sell, and exchange gift cards online at a discount. This paper examines the relationship between this secondary gift card market and the...
Persistent link: https://www.econbiz.de/10009468730
and Exchange Commission (SEC) proposed that corporations establish a special board committee, made up of "nonofficer …
Persistent link: https://www.econbiz.de/10009475003
The purpose of this study was to determine whether publicly disclosed violations by U.S corporations, resulting in … or not the shareholders' reactions to corporations' violations were related to a decline in organizations' stock … prices, declined more after a corporation was prosecuted or reached a settlement for violations, as compared to corporations …
Persistent link: https://www.econbiz.de/10009475035
Prior to Statement of Financial Accounting Standards No.121 (SFAS No.121): Accounting for the Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of, managers had substantial discretion concerning the amount and timing of reporting writedowns of long-lived assets. Moreover, the...
Persistent link: https://www.econbiz.de/10009475042