The purchase of real estate can usually be regarded as a joint venture between an equity investor
and a lending institution. Very few occasions arise where properties are bought for all cash. In
most real estate transactions a lender provides a part of the financing, and the property is held as
security for the debt. There are two instruments involved when a real estate transaction involves
both debt and equity - the note and the mortgage.
The topics discussed in this chapter are equity markets and stock valuation. After completing this unit, you should be able to: Understand how share prices depend on future dividends and dividend growth, be able to compute share prices using the dividend growth model, understand how share markets work, understand how share prices are quoted.
Chapter 5 - Corporations issuing equity in the share market. In this chapter, you will learn: Examine issues relevant to the choice between debt and equity funding, outline ASX floatation and listing rules, describe the equity-funding alternatives available to newly listed and established corporations, distinguish between equity and quasi-equity securities.
In this chapter, we will examine the P/E and other ratios that scale a firm’s market valuation to a measure of firm value. These ratios will be used to determine the relative valuation of a common share. They are widely used in practice because in a single number, they provide the firm’s market valuation relative to some firm fundamental.
Chapter 16 - Intercorporate equity investments. After studying this chapter you will be able to understand: How and why an investor’s percentage ownership share determines the accounting treatment for equity investments? How fair value accounting is applied to securities held in trading and available-for-sale portfolios and how impairments are recorded? How to apply the equity method and the fair value option?
Chapter 1 - The equity method of accounting for investments. After studying this chapter, you should be able to: Describe in general the various methods of accounting for an investment in equity shares of another company, identify the sole criterion for applying the equity method of accounting and guidance in assessing whether the criterion is met, prepare basic equity method journal entries for an investor and describe the financial reporting for equity method investments,...
Chapter 10 - Sources of long-term finance: Equity. This chapter include objectives: Outline the characteristics of ordinary shares, explain the advantages and disadvantages of equity as a source of finance, outline the main characteristics of preference shares, outline the main sources of private equity in the Australian market,…
(BQ) Part 2 book "What works on wall street" has contents: Retura on equity; five year earniags per share percentage changes; two multifactor value liodels for ad stocks; relative price strength - widders codtinue to wid; searchidg for a cornerstode growth strategy; rankiog the strategies,...and other contents.
The chapter focuses on the expansion of corporate capital through the issuance of shares and the contraction caused by the retirement of shares or the purchase of treasury shares and concludes with a discussion of cash dividends, property dividends, onus issues of shares, and share splits.
In this chapter we look at some common forms of compensation in which the amount of the compensation employees receive is tied to the market price of company share. We will see that these share-based compensation plans – share awards, share options, and share appreciation rights – create shareholders’ equity. The nature of this compensation will impact the way we calculate earnings per share, the topic of the second part of this chapter.
The chapter focuses on the expansion of corporate capital through the issuance of shares and the contraction caused by the retirement of shares or the purchase of treasury shares and concludes with a discussion of cash dividends, property dividends, stock dividends, and stock splits.
In this chapter we look at some common forms of compensation in which the amount of the compensation employees receive is tied to the market price of company stock. We will see that these share-based compensation plans-stock awards, stock options, and stock appreciation rights-create shareholders’ equity. The nature of this compensation will impact the way we calculate earnings per share, the topic of the second part of this chapter.
Chapter 12 - Shareholders’ equity. This chapter presents the following content: Forms of business organizations, corporations, authority structure, terms related with capital of corporations, components of shareholders’ equity, share capital, share capital increases, convertible bonds, treasury stocks,...
The value of the share
depends on how well its property rights are enforced. The enforcement of property rights
is usually undertaken by both individual owners and the state. In economies where the
state does not effectively enforce property rights, the enforcement by individual owners
plays a relatively more important role. The structure of share ownership affects the
degree to which corporate contracts are enforced, because it affects the owners’ abilities
and incentives to enforce the property rights delineated by the contracts.
Increasing Quality and Equity in Education: The Case of Chile The
actual and counterfactual distributions of school averages are nearly identical. If the
counterfactual reflects a substantial increase in sorting on school effectiveness, it must be
that effectiveness is responsible for a very small share of the across-school variation in SAT
The distribution of this Prospectus and the offering of the Shares may be restricted in certain jurisdictions. It is the responsibility of any
persons in possession of this Prospectus and any persons wishing to apply for Shares to inform themselves of, and to observe, all
applicable laws and regulations of any relevant jurisdictions. Prospective applicants for Shares should inform themselves as to legal
requirements so applying and any applicable exchange control regulations and taxes in the countries of their respective citizenship,
residence or domicile.
Although the characteristics of emerging markets are relatively diverse, Thailand can
represent the rest of the emerging countries, those in Asia in particular. This is because the
Thai stock market exhibits several behaviours which are consistent with the average for
emerging markets. For example, while the ten-year annualized growth of emerging markets
ranged from -0.03% (Taiwan) to 20.45% (India), the Thai stock market grew by 12.36% per
year and this figure is comparable to the growth of the MSCI Emerging Markets index
11.69% (MSCI, 2010).
w Spin off -- debut independent company
created by detaching part of a parent
company's assets and operations.
w Carve-outs-- similar to spin offs, except that
shares in the new company are not given to
existing shareholders but sold in a public
w Privatization -- the sale of a governmentowned
company to private investors.
The difference between investee earnings and investee dividends is the amount of earnings
accruing to the investor that the investee retained, or the unremitted earnings of the investee.
Thus, the equity-based investment account is equal to the original investment plus the
investor’s proportionate share of the investee’s cumulative retained earnings since the invest-
ment was made. In this sense, the equity method represents an extension of accrual account-
ing to investments in common shares. However, the balance sheet doesn’t reflect the cost of
the investment anymore.