Managerial Finance
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Các bài báo tiêu biểu
Determinants of Electric Utility Betas
Tập 12 Số 4 - Trang 1-3
Determinants of Electric Utility Betas. One important aspect of utility regulation is the estimation of cost of equity capital of the firm. Several techniques have been used to estimate the cost of equity, including the discounted cash flow model and the capital asset pricing model (CAPM). CAPM has its foundations in modern portfolio theory and its application has generated a lot of controversy — ...... hiện toàn bộ
Problems of Liquidity
Tập 1 Số 3 - Trang 218-221
Adequate cash resources are the life‐blood of any business undertaking and since 1972 managements have been concerned as much, and in all too many cases more, with the maintenance of liquidity as with profitability, although these two basic factors in the conduct of a business cannot be divorced.
Ethical Issues in Marketing Financial Services
Tập 5 Số 3 - Trang 257-270
“A man becomes a professional, a cynic once observed, by doubling his prices, calling them fees and referring to his customers as clients. He might have added that the real professional gent doesn't advertise his services either” (OPINION from Accountancy Age, 13 August 1976.)
Multinationality of US corporations: the auditing implications
Tập 24 Số 5 - Trang 29-41
Explains the auditing problems encountered by multinational companies under the US Foreign Corrupt Practices Act and the Regulation of Technology Transfers and the complications of resource allocation in countries with different cultures to the USA. Highlights currency fluctuations, human resources and environmental audit. Lists some of the differences between US and foreign auditor independence a...... hiện toàn bộ
On the Forecasting Content of the Implied Forward Rate
Tập 16 Số 6 - Trang 40-46
Today's maturity pattern of interest rates contains an implicit market forecast of future short‐term rates. However, it is well known that these implied rates generally fail to explain actual movements in short‐term rates. From two empirical propositions about movements of yield curves it follows that half of the time short‐term rates will move in the opposite direction from that forecasted implic...... hiện toàn bộ
Hooking‐up: a unique feature of China Public Accounting Firms
Tập 26 Số 5 - Trang 21-30
Explains why, following China‘s implementation of a market economy, public accounting firms were required to affiliate (hook‐up) with existing government or educational institutions until 1993 when partnerships and limited liability firms were also allowed. Describes the rules relating to independent accounting firms and changes which should foster their development but reports that, in fact, most...... hiện toàn bộ
LẬP KẾ HOẠCH VỐN CHO DOANH NGHIỆP QUỐC TẾ: MỘT KHUÔN KHỔ PHÂN TÍCH Dịch bởi AI
Tập 16 Số 2 - Trang 1-6
Bài báo này tập trung vào ba chủ đề có liên quan. Đầu tiên, các quy tắc quyết định tiêu chuẩn cho quyết định lập ngân sách vốn quốc tế được phác thảo. Thứ hai, những điểm mạnh và hạn chế của lý thuyết tài chính trong việc định hướng kế hoạch lập ngân sách vốn trong các tập đoàn đa quốc gia (MNC) được thảo luận. Thứ ba, các quan điểm chiến lược được giới thiệu để bổ sung cho phân tích tài chính tro...... hiện toàn bộ
#lập ngân sách vốn #doanh nghiệp quốc tế #lý thuyết tài chính #tập đoàn đa quốc gia #phân tích tài chính
Auditing the Board: A New Approach to the Measurement of Company Performance
Tập 5 Số 2 - Trang 127-147
The role of the internal auditor is evolving rapidly. More and more his ambit is encompassing the whole range of a company's operations. His activities no longer primarily consist of checking for compliance with laid down procedures but are becoming more management orientated and focused on the appraisal of efficiency and effectiveness of operational systems in general. These developments are ackn...... hiện toàn bộ
Over‐optimism when pricing IPOs
Tập 33 Số 6 - Trang 352-367
– The purpose of this paper is to contribute to the literature on the valuation of initial public offerings (IPOs). In particular, it tests the presence of over‐optimism when pricing IPOs on the Italian Nuovo Mercato., – The paper investigates whether the analysts make systematic errors when forecasting the performance of the firm undergoing the IPO by comparing analysts’ ex‐ante expectations to a...... hiện toàn bộ