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We present empirical evidence on acquirer firms that have violated or are about to violate a loan covenant within four quarters of undergoing an acquisition. We find that firms that violate a covenant within the four quarters before the acquisition announcement have the highest announcement...
Persistent link: https://www.econbiz.de/10009438622
This paper studies the effects of capacity utilization on accounting profit margins and stock returns. Since accounting profit margins represent the average profit per unit and not the economists' concept of unit contribution margin, the marginal/variable profit per unit, a firm with idle...
Persistent link: https://www.econbiz.de/10009441203
En este artículo examinamos el efecto de la restricción supervisora al reparto de dividendos durante la pandemia de COVID-19 —que supuso una perturbación exógena a las distribuciones del sector bancario de la zona euro— sobre la búsqueda de rentas en los fondos de inversión. Utilizando...
Persistent link: https://www.econbiz.de/10014413129
frame the compliance problem for a utility as a decision to trade or not. Trading of allowances should be the consequence …
Persistent link: https://www.econbiz.de/10009435386
compliance, and technical and economic uncertainties--this audience and our predecessors have addressed them, individually and …
Persistent link: https://www.econbiz.de/10009435408
project will slash the costs of regulatory compliance by automating routine regulatory reporting and permit notice review and …
Persistent link: https://www.econbiz.de/10009435420
This paper deals with the market for SO{sub 2} emission allowances over time and electric utility compliance choices …{sub 2} allowance prices, compliance choices, capacity expansion, system dispatch, fuel use, and emissions. The revised model … (ARGUS2) incorporates unit-level performance data and can incorporate unit-specific compliance decisions when these are known …
Persistent link: https://www.econbiz.de/10009435433
of contaminants are performed to optimize project waste disposition, regulatory compliance, and disposal cell management. …
Persistent link: https://www.econbiz.de/10009435454
The Clean Air Act Amendments of 1990 (hereafter CAAA) have created a market-based mechanism that is designed to employ a profit-oriented incentive to enable electric utilities to reduce SO{sub 2} emissions at the least cost. One of the most important challenges facing state regulatory utility...
Persistent link: https://www.econbiz.de/10009435498
little expansion of administrative capacity in this area. Thus, market compliance with both mandatory standard and labeling … establishment of a regularized monitoring system for tracking compliance with the mandatory standard and energy information label … system to track compliance with the standard, CLASP, with support from Japan's Ministry of Economy, Trade and Industry (METI …
Persistent link: https://www.econbiz.de/10009435536