Corporate investment efficiency

The purpose of paper "Does corporate culture affect investment efficiency? Evidence from an emerging market" is to test whether corporate culture can ameliorate the level of firm investment efficiency by eliminate over and under-investment activities of managers in an emerging market.

19p nhanchienthien 25-07-2023 5 5   Download

Ebook Financial theory and corporate policy - Part 1 includes contents: Chapter 1 Introduction: Capital markets, consumption, and investment; Chapter 2 Investment decisions: The certainty case; Chapter 3 More advanced capital budgeting topics; Chapter 4 The theory of choice: Utility theory given uncertainty; Chapter 5 State-preference theory; Chapter 6 Objects of Choice: Mean-variance uncertainty; Chapter 7 Market equilibrium: CAPM and APT; Chapter 8 Pricing contingent claims: Option pricing theory and evidence; Chapter 9 Futures contracts and markets; Chapter 10 Efficient capital markets: ...

370p haojiubujain01 06-06-2023 5 2   Download

Ebook Copeland's financial theory and corporate policy: Part 1 presents the following content: Introduction: capital markets, consumption, and investment; investment decisions: the certainty case; more advanced capital budgeting topics; the theory of choice: utility theory given uncertainty; state-preference theory; objects of choice: mean-variance uncertainty; market equilibrium: CAPM and APT; pricing contingent claims: option pricing theory and evidence; futures contracts and markets; efficient capital markets: theory. Please refer to the documentation for more details.

370p runthenight03 07-12-2022 11 6   Download

With a full sample of 1,281 observations collected from 193 firms listed in Ho Chi Minh Stock Exchange during the period from 2009 to 2017, the author find that the proportion of independent directors is negatively related to firm investment but its interactive term with Tobin’s Q is positively related to corporate investment. These findings imply that independent directors can help firms reduce overinvestment and improve investment efficiency. Moreover, the research findings indicate that these effects of independent directors are stronger for financially constrained firms.

12p caygaocaolon5 19-05-2020 18 0   Download

The goal in this chapter is to provide a perspective on capital market history. After studying this chapter, you should understand: How to calculate the return on an investment, the historical returns on various important types of investments, the historical risks on various important types of investments, the implications of market efficiency.

31p thuongdanguyetan03 18-04-2020 24 2   Download

This chapter is about how firms manage cash. The basic objective in cash management is to keep the investment in cash as low as possible while still keeping the firm operating efficiently and effectively. This goal usually reduces to the dictum “Collect early and pay late”. Accordingly, this chapter forcus discuss ways of accelerating collections and managing disbursements.

36p thuongdanguyetan03 18-04-2020 18 1   Download

From the stakeholder theory, the research evaluates the efficiency and impact of corporate social responsibility (CSR) implementation for various stakeholders including government, labor, customer, community on corporate reputation. A 2-stage Data Enveloped Analysis (DEA) model was employed using a quantitative method of questionnaire survey among a sample of 208 foreign direct investment (FDI) enterprises in Hanoi.

10p tozontozon 25-04-2020 33 3   Download

In this research I have used bonds data from the Israeli financial market, in order to establish to what extent the Israeli credit market is efficiently rated by both existing rating agencies ("Maalot" and "Midrug"). Results show that the bond market does refer to ratings as a measurement of risk, however, further investigating have proven that it was not the entire risk involved in the investment process.

11p 035522894 13-04-2020 25 3   Download

This paper theoretically and empirically investigates the micro-mechanism and economic consequences of legal protections of investor rights and financial development regulating firm inefficient investment based on a broad cross-sectional sample of 8548 firm-year observations of companies listed on Shanghai and Shenzhen stock exchanges in China over the period 2003 to 2011.

34p cothumenhmong4 24-03-2020 26 1   Download

Chapter 18, business formation, growth, and valuation. The basic objective in cash management is to keep the investment in cash as low as possible while still keeping the firm operating efficiently and effectively. This goal usually reduces to the dictum “Collect early and pay late”. Accordingly, this chapter forcus discuss ways of accelerating collections and managing disbursements.

62p shiwo_ding6 25-05-2019 15 1   Download

(bq) part 1 book "corporate finance - principles and practice" has contents: the finance function, capital markets, market efficiency and ratio analysis, short-term finance and the management of working capital, long-term finance - equity finance, long-term finance - debt finance, hybrid finance and leasing, an overview of investment appraisal methods.

259p bautroibinhyen23 02-04-2017 38 4   Download

(bq) part 2 book "corporate finance - principles and practice" has contents: investment appraisal - applications and risk, portfolio theory and the capital asset pricing model, the cost of capital and capital structure, dividend policy, mergers and takeovers, risk management.

266p bautroibinhyen23 02-04-2017 43 4   Download

(bq) part 1 book "corporate finance - principles and practice" has contents: the finance function, capital markets, market efficiency and ratio analysis, short-term finance and the management of working capital, long-term finance - equity finance, long-term finance - debt finance, hybrid finance and leasing, an overview of investment appraisal methods.

213p bautroibinhyen22 22-03-2017 46 5   Download

Financial development is important for fostering economic growth and stability. This is a feature of the development process that has been extensively documented in the literatures (see Levine). 1 One of key components in this process is capital market development. For example, deepening the long-term local bond market facilitates the reduction of currency and maturity mismatches on corporations’ balance sheets. This also creates alternatives to bank financing that can support efficiency and stability.

27p hongphuocidol 04-04-2013 61 8   Download

Once an obscure subfield of finance, Market Microstructure has emerged as a major stream of finance. In its narrowest sense, microstructure might be defined as the study of the level and the source of transactions costs associated with trading. It examines the organizational structure of exchanges and how the specific market structure enhances the efficiency, transparency and information dissemination of security trading.

269p haiduong_1 03-04-2013 57 21   Download

This book can be used to study for the CFA Level 1 exam, as well as any finance-related courses. It covers Corporate Finance, Portfolio Management, Stock Market Organization, Market Indices and Efficiency, Equity Analysis and Valuation, and Equity Investments. This information is also helpful in preparing for the FINRA Series 7 examination.

342p tieuluanktluong 16-03-2013 100 44   Download

We have seen how in conducting efficiency benefit-cost analysis we often use market prices, either directly or indirectly, to value or cost project outputs or inputs. We use market prices directly when they are generated by perfectly competitive markets - markets that are not distorted by monopoly, monopsony, taxes or regulations.

26p muaxuan102 21-02-2013 66 9   Download

Measures the economic efficiency of the project: if net benefit is positive, the project is a more efficient allocation of resources than the alternative (the world “without” the project).

24p muaxuan102 21-02-2013 74 8   Download

Recently, much academic and regulatory interest has been concentrated on the problem of high-yield, junk bond default. Arguably, corporate bonds have defaulted for many reasons, including factors specific to the individual issuing firm, variables corresponding to the industry in which it operates, and macroeconomic forces affecting the business cycle. Individual factors include the firm's leverage, industry type, agency problem, riskiness of the investment decisions, managerial integrity, efficiency and investment savvy together with institutional operating costs.

9p taisaocothedung 12-01-2013 59 3   Download

sustainability engages a wide variety of key stakeholders. First and foremost, our clients expect us to invest responsibly on their behalf, and our portfolio managers are increasingly updating clients or fund investors on our sustainable practices and accomplishments. to aid in our effort to maintain efficient and well-occupied buildings, we work with our contract property managers to communicate the goals and measures we set on a global level, as well as for each property, so that tenants are also encouraged to support and undertake sustainable activities.

57p quaivattim 01-12-2012 54 4   Download