Download or read book Equity Pledging written by Rajni Kant Rajhans and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The case discusses the dilemma faced by retail equity investors who have invested in companies in which promoters had pledged their equity against personal borrowing. Equity pledging by promoters was a global phenomenon with greater numbers and more frequent pledging in developing and underdeveloped financial markets than in developed financial markets. Between 2009 and 2019, equity pledging increased significantly in Indian firms. Many promoters defaulted in margin calls and lenders were forced to sell their shares. Due to this forced sell by lenders, retail and marginal equity investors suffered huge losses. However, fear of a price crash was still prevalent for other firms in which promoters had pledged their equity holdings. Students will be asked to evaluate the risks of retail investors invested in firms with promoter pledged shares and market-wide implications of increased share pledging activity.

Download or read book Insider Share Pledging and Firm Investors written by Michael Puleo and published by . This book was released on 2016 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate insiders frequently borrow from lending institutions and pledge personal equity shares as collateral for the loan. Using manually collected pledge data for January 2007-December 2011, I examine how this phenomena affects firm investors and analyze agency conflicts between pledging managers and (a) outside shareholders, and (b) bondholders. Pledging potentially influences investor risk through changing managerial incentives and/or contingency risk from ill-timed margin calls. Findings suggest influential insiders extract private benefits of control at the expense of outside shareholders through pledging. Difference-in-differences regressions utilizing an exogenous shock to lending supply indicate pledging corresponds with a 9.9% relative increase in stock volatility - controlling for changes in fundamentals - and support a causal interpretation of the relation between pledging and equity risk. Despite apparently harming equity investors however, further analysis suggests pledging benefits bondholders, and corresponds with an economically and statistically significant reduction in yield spreads on corporate bonds. Robustness tests evidence reductions in risky financing when insiders pledge, corroborating the negative relation between pledging and cost of debt and consistent with mitigated agency conflicts between managers and bondholders.

Download or read book The pledging of personal property and corporation written by Albert Sidney Bolles and published by . This book was released on 1905 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Equity In written by Anshuman Khanna and published by Notion Press. This book was released on 2016-11-18 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Have you ever been fascinated by the Indian equity markets and wanted to learn more about them? Have you wanted to invest in Indian stocks but didn’t know how to proceed?Have you been investing in the Indian markets but have felt the need for a systematic approach to investing?Have you read works of foreign authors on value investing but could not adapt those to Indian markets?Have you been bombarded with a plethora of tips, ideas and sure-shot investment picks and struggled to find a winning formula?If your answer to any of these questions is a yes, then this book is for you! What makes this book unique?  Written in a simple, conversational style Step-by-step simplified approach for picking investment-worthy stocks Adapted to Indian scenario  Makes use of case studies of actual Indian companies to illustrate application of the approach Showcases the financials and valuation of Indian companies using the latest financial data Discusses performance of the stock prices with charts and tables Uses examples from actual corporate events in the recent history to elucidate the given points Correlates actual price movement of stocks with corporate and regulatory events  Covers aspects regarding portfolio allocation, timing the markets and trading strategies  India-centric, thus, an ideal read for not only Indian investors and readers, but also foreign readers looking to participate in the Indian economic growth at this opportune time.

Download or read book Pledge and Hedge Allegiance to the Company written by David F. Larcker and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Companies include equity in a compensation package to align the interests of management with those of shareholders. It is not uncommon for an executive who has been employed at a company for many years to accumulate a substantial dollar ownership position in the company. With a concentration of wealth in a single financial asset, the executive may want to limit his or her exposure by hedging a portion of the position through financial instruments or pledging shares as collateral for a loan. While there are many reasons why a board may want to allow an executive to hedge or pledge an equity ownership position, there are also many reasons why this may be a cause for concern. We examine these issues in detail. Can boards explain why they do or do not allow executive hedging? If an executive has hedged the equity position, why does the board continue to grant new equity and not cash? Topics, Issues and Controversies in Corporate Governance and Leadership: The Closer Look series is a collection of short case studies through which we explore topics, issues, and controversies in corporate governance. In each study, we take a targeted look at a specific issue that is relevant to the current debate on governance and explain why it is so important. Larcker and Tayan are co-authors of the book Corporate Governance Matters, and A Real Look at Real World Corporate Governance.

Download or read book Elements of the Law of Bailments and Carriers Including Pledge and Pawn and Innkeepers written by Philip Taylor Van Zile and published by . This book was released on 1908 with total page 952 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Treatise on the Law of Usury Pawns Or Pledges and Maritime Loans written by Ransom Hebbard Tyler and published by . This book was released on 1873 with total page 848 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Selection of Leading Cases in Equity written by J.J. Clark Hare and published by BoD – Books on Demand. This book was released on 2023-03-03 with total page 718 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reprint of the original, first published in 1859. The publishing house Anatiposi publishes historical books as reprints. Due to their age, these books may have missing pages or inferior quality. Our aim is to preserve these books and make them available to the public so that they do not get lost.

Download or read book A Selection of Leading Cases in Equity written by Frederick Thomas White and published by . This book was released on 1851 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Advances in Pacific Basin Business Economics and Finance written by Cheng-Few Lee and published by Emerald Group Publishing. This book was released on 2020-09-09 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in Pacific Basin Business, Economics, and Finance is an annual publication designed to focus on interdisciplinary research in finance, economics, accounting and management among Pacific Rim countries.

Download or read book A Selection of Leading Cases in Equity with Notes written by Frederick Thomas White and published by BoD – Books on Demand. This book was released on 2024-03-13 with total page 1162 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reprint of the original, first published in 1877.

Download or read book Portfolio Preferences of Foreign Institutional Investors written by Reena Aggarwal and published by World Bank Publications. This book was released on 2003 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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 Fraud in America s Insured Depository Institutions written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1991 with total page 718 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book STOCK MANTHAN written by CA NITIN SHARMA and published by Notion Press. This book was released on 2020-10-05 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: You sit in a car with a defect in its function such that when you turn the steering wheel to the right, the car moves left and vice versa. How will you feel? Obviously, cumbersome and tensed. It’s time to come out of that car or get the defect fixed. People travel through the stock market in this manner and ultimately suffer loss. There are hundreds or thousands of advisors, books, seminars and tips, and the fact is that still 80-90% of investors ultimately lose money in the market. Where is the fault? The fault is in an investor’s approach, his actions, beliefs and mindset. Get out of this jargon and introduce yourself to the world of relaxed value investing. How? This book is all about that. Stock Manthan is the process to draw out a list of stocks, out of 5000+ listed companies, which may give superlative or multi-bagger returns in the near future, with quite a high probability. It is a process to turn the riskiest field of wealth creation into one which feels riskless. Only believe in two facts—All information can be made easily available which is required to analyze and find stocks which have a high probability of providing multi-bagger returns in the future, and the other one is you can do this analysis by doing some smart work on your own. That’s value investing.

Download or read book Proceedings of the 2022 2nd International Conference on Public Management and Intelligent Society PMIS 2022 written by Adeel Luqman and published by Springer Nature. This book was released on 2023-05-19 with total page 924 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access book. The 2nd International Conference on Public Management and Intelligent Society (PMIS 2022) was held on March 18-20, 2022 in Xishuangbanna, China. The aim of the conference is to bring together innovative academics and industrial experts in the field of Public Management and Intelligent Society to a common forum. The primary goal of the conference is to promote research and developmental activities in Public Management and Intelligent Society and another goal is to promote scientific information interchange between researchers, developers, students, and practitioners working all around the world.

Download or read book Report of Cases Argued and Determined in the Supreme Court of Alabama written by Alabama. Supreme Court and published by . This book was released on 1897 with total page 858 pages. Available in PDF, EPUB and Kindle. Book excerpt: