Managerial Finance
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Các bài báo tiêu biểu
THE FINANCING OF MERGERS AND ACQUISITIONS — A REVIEW OF RECENT DEVELOPMENTS
Tập 16 Số 4 - Trang 3-28
Over recent years an increasing amount of funds has been committed to mergers
and acquisitions in the UK. Expenditure rose nearly tenfold from £2.3bn in 1983
to £22.1bn in 1988. This surge in spending has continued despite fears over
economic trends, both domestic and international, and shocks in financial
markets, notably the global col lapse in share values of October 1987. This
monograph is ess...
Dividend behaviour of Indian companies under monetary policy restrictions
Tập 33 Số 1 - Trang 14-25
– The dividend payout behaviour of firms is a well‐studied subject in finance.
In recent times, the influence of macro economic factors and understanding their
implications far corporate financial decisions has assumed significant
importance. The objective of this paper is to study the dividend payout
behaviour of firms in India under monetary policy restrictions. Monetary policy
restrictions are ...
Pricing of mortgage‐backed securities with option‐adjusted spread
Tập 24 Số 9/10 - Trang 94-109
Notes the increasing importance of option‐adjusted spread analysis for pricing
in the mortgage‐backed securities market and develops a partial differentiation
equation method (PDE) for calculation, as an alternative to the Monte Carlo
method. Discusses the mathematical theory involved and illustrates its use with
a numerical example. Claims PDE is more accurate and cheaper than the Monte
Carlo met...
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.)
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...
#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...
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...
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...
The impact of international and industrial diversification strategies on the cash flow sensitivity of cash
Tập 38 Số 10 - Trang 977-992
– The purpose of this paper is to examine the impact of the two diversification
strategies on firms' propensity to save cash out of cash flow., – The author
examines the quarterly data of Compustat's active and research firms from the
first quarter of 1999 to the last quarter of 2005, with a sample size of more
than 79,000 firm quarters. A two‐step GMM Instrumental Variable regression of
change in...