Download or read book Buyback of Shares in India written by Tanupa Chakraborty and published by . This book was released on 2008 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: The buyback of shares by companies is a relatively new concept in India. There are several reasons as to why a company might buyback its own shares: (a) it gives the company flexibility to make adjustments in the capital structure, (b) the company can boost operating profits and earning per share, (c) it deters an impending takeover bid, (d) the company can correct perceived undervaluation of its shares, and (e) it can arrest downward trend in shares prices. In view of these benefits, the introduction of buyback in the corporate sector of India has found favor with the regulatory authorities and received favorable response from the Indian companies. This book examines a number of relevant issues concerning buyback of shares by companies in India, including a comprehensive review of the theory underlying buyback operations, legislative provisions governing share buyback, accounting and reporting aspects of buyback, and buyback provisions and practices prevailing in other parts of the world.

Download or read book A History of Corporate Governance around the World written by Randall K. Morck and published by University of Chicago Press. This book was released on 2007-11-01 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A History of Corporate Governance around the World shows, neither conception is wrong. In this volume, some of the brightest minds in the field of economics present new empirical research that suggests that each side of the debate has something to offer the other. Free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families. A History of Corporate Governance around the World provides historical studies of the patterns of corporate governance in several countries-including the large industrial economies of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; larger developing economies like China and India; and alternative models like those of the Netherlands and Sweden.

Download or read book CORPORATE FINANCE written by AHUJA, NARENDER L. and published by PHI Learning Pvt. Ltd.. This book was released on 2015-10-01 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of fast changing economic landscape—characterized by global financial crisis, volatile equity and bond markets, rising dominance of emerging markets and increasing investor activism—the role of financial managers in an organization has assumed significant importance. This text aims at educating the students the fundamentals of Corporate Finance and explains how various theories can be applied for efficient decision making for the financial managers. The book is conceptualized on practical approach and explores various topics in an easy and step-by-step approach, backed by numerous examples, self-test exercises and India-centric cases. The complex financial concepts related to capital structure, risk and return analysis, valuation of financial securities, market efficiency and portfolio management have been explained in a reader-friendly manner to provide a unique learning experience. The book is intended for the postgraduate students of Management, and practising financial managers. Key features • The chapters are backed by strong practical experience of in-depth financial analysis of Companies. • Supplemented with real-life examples and scenarios in a concise and comprehensive presentation. • India-centric cases to create an interactive classroom environment. • Topics for further research have been included on each major topic as ‘Researchable Issues’. • Each chapter contains side-boxes to highlight the important points for quick revision. • Each chapter is incorporated with Review Questions, Practice Exercises and Self-Test Questions to add analytical approach to the subject. • Revision set and PPT slides provided as web support. • Solutions Manual for instructors, available on request.

Download or read book Corporate Payout Policy written by Harry DeAngelo and published by Now Publishers Inc. This book was released on 2009 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate Payout Policy synthesizes the academic research on payout policy and explains "how much, when, and how". That is (i) the overall value of payouts over the life of the enterprise, (ii) the time profile of a firm's payouts across periods, and (iii) the form of those payouts. The authors conclude that today's theory does a good job of explaining the general features of corporate payout policies, but some important gaps remain. So while our emphasis is to clarify "what we know" about payout policy, the authors also identify a number of interesting unresolved questions for future research. Corporate Payout Policy discusses potential influences on corporate payout policy including managerial use of payouts to signal future earnings to outside investors, individuals' behavioral biases that lead to sentiment-based demands for distributions, the desire of large block stockholders to maintain corporate control, and personal tax incentives to defer payouts. The authors highlight four important "carry-away" points: the literature's focus on whether repurchases will (or should) drive out dividends is misplaced because it implicitly assumes that a single payout vehicle is optimal; extant empirical evidence is strongly incompatible with the notion that the primary purpose of dividends is to signal managers' views of future earnings to outside investors; over-confidence on the part of managers is potentially a first-order determinant of payout policy because it induces them to over-retain resources to invest in dubious projects and so behavioral biases may, in fact, turn out to be more important than agency costs in explaining why investors pressure firms to accelerate payouts; the influence of controlling stockholders on payout policy --- particularly in non-U.S. firms, where controlling stockholders are common --- is a promising area for future research. Corporate Payout Policy is required reading for both researchers and practitioners interested in understanding this central topic in corporate finance and governance.

Download or read book The Indian Financial System Markets Institutions And Services 2 E written by Pathak and published by Pearson Education India. This book was released on 2007-09 with total page 756 pages. Available in PDF, EPUB and Kindle. Book excerpt: In fifteen years of reforms, the Indian financial system has metamorphosed into a substantive, competitive, market-oriented, modern and cost-effective twenty-first century system. This new edition, though fully revised and updated, preserves the strengths of the first edition while meeting the academic needs and aspiration of today's students and academicians. It has fuller treatment of the topics and, consequently, the size of the chapters has been enlarged to facilitate better understanding. Each chapter includes chapter objectives, boxes that discuss important concepts explored in detail, supp Paperbackortive up-to-date data, key terms, review exercises and chapter summary.

Download or read book Accounting for Management written by Dr. M. Rajeswari and published by AG Publishing House. This book was released on with total page 880 pages. Available in PDF, EPUB and Kindle. Book excerpt: The field of accounting has been more popular in recent years, both on its own and as a supporting field for other professions and fields of study including engineering, law, and medicine. A growing number of people are realising that money matters when starting a business. Almost every endeavour will have monetary effects that need to be assessed and regulated, and this demands for the participation of someone who is well-versed in the right approaches. But it's important to keep in mind that accounting's neutrality means that the numbers generated by it need to be understood and their significance balanced against other factors before any judgments can be taken. The consumers of accounting information must have a firm grasp of the reasoning behind the data as well as an appreciation for its potential and inherent limits. While this book focuses on providing managers and students with actionable advice for resolving real-world management accounting issues, the authors have made every effort to write in a clear and comprehensible manner, using relevant research wherever possible. In addition to covering approaches for spotting qualitative problems, this book makes an effort to zero in on analytical and critical concerns that are relevant to decision-makers across industries and at all levels of government and business. This book offers an introduction to accounting aspects that covers the fundamentals, both in terms of methodology and theory, and provides examples of how these principles are put into practise. It is designed for individuals at both the undergraduate and graduate levels who aren't already accounting specialists but who want to become one.

Download or read book Economic Developments In India Monthly Update Volume 26 Analysis Reports Policy Documents written by Editors : Raj Kapila & Uma Kapila and published by Academic Foundation. This book was released on 2000 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Banking Finance written by and published by Academic Foundation. This book was released on with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book STRATEGIC FINANCIAL MANAGEMENT SECOND EDITION written by SOFAT, RAJNI and published by PHI Learning Pvt. Ltd.. This book was released on 2015-10-28 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Second Edition of the book encompasses two new chapters—Strategic Cost Management and Business Ethics—A Strategic Financial Management Instrument. The book, being an augmented version of the previous edition, equips the young managers with the fundamentals and basics of strategic management and financial management in a cogent manner. The text now provides a better orientation to the students on the topics like corporate restructuring, divestitures, acquisitions, and mergers in the global context with the help of examples and caselets. The book has been revised keeping in view the requirements of postgraduate students of management and the students pursuing professional courses such as CA, MFC and CS. In addition, professionals working in the corporate sector may also find the book beneficial to integrate the financial management functions into business strategy and financial operations. Distinctive features • Model question papers have been appended at the end of the book. • Better justification of topics by merging the contents wherever required. • Theory supported with caselets inspired from global as well as Indian context.

Download or read book Information India 1997 98 And 1998 99 Global View written by S. P. Agrawal and published by Concept Publishing Company. This book was released on 2002 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Announcement effects of share repurchases in India Abnormal returns or information asymmetry written by Jonas Wirth and published by GRIN Verlag. This book was released on 2023-06-05 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2022 in the subject Economics - Finance, grade: 1.0, University of Passau, language: English, abstract: In this paper, market-based and firm-specific determinants are introduced to measure their association with abnormal returns around the announcement of a share buyback conducted through tender and open market offers in India. To test the valuation effect of market-based variables: uncertainty, which is determined by implied market volatility and economic policy uncertainty. Liquidity risk, which is investigated through two illiquidity proxies and the impact of the monetary environment, represented by the three-month Mumbai Interbank Offer Rate (MIBOR) and the gold price are included. In addition, the main firm-specific hypotheses are tested to identify potential key drivers. The valuation effects examined cover the period from April 1, 2011, to March 31, 2021, during which a total of 359 share repurchases were made, 231 through tender offer and the remaining 128 through the open market. Beside separating the two buyback methods, I examine different categories in addition to the full sample to determine whether market participants' reaction to share repurchase announcements leads to abnormal returns. The rest of the paper is organized as follows. Next section provides an overview about the regulatory framework of share buyback in India. Section 3 states a brief overview about the share repurchase literature with reference to uncertainty and liquidity in global context and firm-specific literature in Indian context. Then the hypotheses are stated. Sections 5 and 6 present the methodology and data, and section 7 presents the empirical results. Section 8 provides concluding remarks.

Download or read book Handbook of Indian Securities written by Gautam H Parikh and published by Bloomsbury Publishing. This book was released on 2016-07-11 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gautam H. Parikh combines law, economics and finance in a rich, fact-driven analysis of Indian securities. Written with clarity, and an integrated and holistic approach, this book is essential reading for business professionals in finance, investments and emerging markets. It also provides an insight into how Indian securities are unique, especially in the context of India's legal framework. Handbook of Indian Securities is a highly readable, useful and practical guide for portfolio managers, investment researchers, corporate CFOs, treasury managers, security analysts, chartered accountants, management consultants and investment bankers. It is also ideal for MBA and CFA students as well as students of financial and securities law.

Download or read book FINANCE FOR EXECUTIVES written by Nuno Fernandes and published by NPVPublishing. This book was released on 2014-04-30 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book Finance for Executives: A Practical Guide for Managers meets the needs of global executives, both finance as well as non-financial managers. It is a practical and fundamental finance reference book for any manager, as it makes a perfect balance of financial management theory and practice. It focuses on corporate finance concepts from value creation to derivatives, including cost of capital (and WACC), valuation, financing policies, project evaluation, and many other essential finance definitions. Finance for Executives makes finance simple and intuitive, through the use of real world data (brief company case studies and empirical examples of concepts), Excel financial modelling tools, and practical short chapters. Target Audience This finance book is appropriate for business executives, from all backgrounds, seeking to Focus on the links between financial management and the strategy of their company, be it a private or publicly traded company Discover how to create value for their company and boost its financial performance Understand the key topics of corporate finance for non-financial managers Create a cost of capital culture within a company Refresh and broaden their understanding of the latest financial concepts and tools Learn about financial management for decision makers - including financing and dividend policies, company valuation, mergers and acquisitions (M&As), project evaluation, cost of capital (WACC) estimation, or risk management and derivatives Finance for Executives is suited as a finance textbook for corporate finance programs, executive education courses, as well as in MBA, master's, and executive MBA programs. Indeed, the book is based on many years of executive education and consulting with world-class corporations from all continents of the world. What Is This Book About? Finance should be fun, and practical as well. With this book at hand, you will have access to a set of tools that will help you develop your intuition for solving key financial problems, improve your business decisions, and formulate strategies. This finance for managers' reference book is based on Simplicity - The core concepts in corporate finance are simple, and will become intuitively clear after using this book Conciseness - The chapters are short and self-contained to appeal to busy executives who are keen on value-added activities Practical focus - The key concepts of financial management are explained (and linked to Excel modelling tools), while you learn to identify the problems and pitfalls of different managerial choices Application of theory to practice - It highlights key academic research results that are relevant for practitioners Real-world focus - The book includes empirical data on several companies and industries around the world. Working with real-world problems and real-world data is more fruitful than theoretical discussions on formulas Excel Templates An Excel spreadsheet containing all the financial models used in the different chapters is available for download from the book's website. Practitioners will find the file easy to customize to their own requirements. It is useful in a variety of situations: value creation and its decomposition into managerial drivers or key performance indicators (KPIs), cost of capital (WACC) estimation, project evaluation, mergers and acquisitions, company valuation, derivatives valuation, etc. Editorial Reviews An excellent teach-yourself finance primer for non-financial executives, and, I dare say, even for most finance executives. Ravi Kant, Vice Chairman, Tata Motors, India The finance reference book for the desk of ANY manager. Michel Demaré, Chairman of the Board, Syngenta, Switzerland The perfect balance of practice and theory. Geert Bekaert, Professor of Finance, Columbia Business School, USA A key tool to improve your business decisions. Thilo Mannhardt, CEO of Ultrapar, Brazil Finance for Executives is easy to follow, and makes a boring subject actually quite exciting. Severin Schwan, CEO, Roche Group, Switzerland A must-have for your list of favorites. José Manuel Campa, Professor of Finance, IESE Business School, Spain

Download or read book AUDITING written by Dr. Zubair Ahmad and published by Thakur Publication Private Limited. This book was released on 2024-05-01 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purchase e-Book of AUDITING in English Language of B.Com 6th Semester for all U.P. State Universities Common Minimum Syllabus as per NEP. Published By Thakur Publication.

Download or read book The Republic of India written by Alan Gledhill and published by . This book was released on 2013 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book FEMA Ready Reckoner with Commentary 2 Volumes written by R.Sridhar, and published by Bloomsbury Publishing. This book was released on 2021-05-30 with total page 3158 pages. Available in PDF, EPUB and Kindle. Book excerpt: About the Book The book seeks to provide readers with a practical insight into provisions of FEMA and associated laws in the form of commentary. General focus of exchange control laws has gradually shifted over time to compliance, reporting and documentation. Given that FEMA provides for significant penalty and prosecution; there is little room for non-compliance. This book is an attempt to provide professionals and compliance officers with essential knowledge and tools to understand and undertake the necessary compliances. The book provides the latest position without compromising on changes in the law that have taken place over time. This book is an attempt to equip professionals, be it CS, CA, CMA or corporate lawyers, who are desirous of undertaking compliances or practicing on exchange control laws with the requisite knowledge and expertise. It seeks to be a practical guide to interpretation and compliances under exchange control laws. The book promises to be the go-to resource for exchange control laws for current and would be professionals and compliance officers. Key features Extensive coverage of FEMA and its allied rules and regulations with Commentary. Explanation of complex concepts in a lucid manner using illustrations and examples so as to provide clarity and better understanding of the law. Diagrammatic and tabular representation of various concepts for simple and quick understanding. Covering pertinent answers to issues not explicitly defined by law but clarified through practice or interpretation of the regulators. Comprehensive coverage of: (i) FEMA & Allied Acts: – Foreign Exchange Management Act, 1999 – Foreign Contribution (Regulation) Act, 1976 – Foreign Exchange Regulation Act, 1973 – Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 – Foreign Trade (Development and Regulation) Act, 1992 – Prevention of Money Laundering Act, 2002 – Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (ii) Rules and Regulations issued under FEMA Act, 1999 (iii) Forms (iv) FAQs issued by Reserve Bank of India (v) Press Notes (vi). Notifications issued under FEMA (vii). AP DIR Circulars (viii). Consolidated FDI Policy Circular of 2020 effective from October 15, 2020 (ix). Master Directions

Download or read book Fundamentals of Financial Management written by Patel Bhavesh and published by Vikas Publishing House. This book was released on with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: The subject of financial management is gaining importance in the context of today's business environment. This book attempts to provide a clear understanding of the fundamentals of the subject, including the concepts, theories, models, tools and techniques, and their applications. Its focus on logical discussion, where it is needed for contextual understanding of the topic, makes the book different from others. Fundamentals of Financial Management is a useful resource for undergraduate students of management and commerce, as well as for practising managers. Key Features • Logical progression of text, from fundamentals and concepts to theories, techniques, and their applications. • Discussion of various tools and their applications in decision making in the context of the situation. • Explanation of various functions of Excel spreadsheet for different applications. • Pedagogical elements to help in better learning—objective questions, worked out examples, as well as unsolved problems.