Download or read book The Theory of Capital Structure How Theory Meets Practice in the German Market written by Benjamin Friedrich and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Theory of Capital Structure How theory meets practice in the German market written by Benjamin Friedrich and published by ibidem-Verlag / ibidem Press. This book was released on 2012-02-03 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: The theory of capital structure is one of the most exciting and complex topics in corporate finance. After many years of debate it is still extremely difficult to provide a conclusive answer to the question which capital structure maximises the value of a company and what factors determine the optimal mix of debt and equity capital.This book provides a comprehensive introduction to capital structure theory and investigates its practical relevance in the German market. The main objectives are to explore the link between capital structure theory and corporate practice and to test determinants of capital structure choice empirically.The book has been written for students, researchers, and academics, but also for practitioners seeking empirical evidence of capital structure theory and an empirical model that can be used to estimate the optimal level of debt for an individual company in relation to an existing industry optimum.
Download or read book Evaluation of the Forecasting Capability of Selected Valuation Models for a Long Term Equity Investment written by Susanne Hakuba and published by ibidem-Verlag / ibidem Press. This book was released on 2012-02-13 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1990s, the global stock market experienced the birth of the new technology sector and an extraordinary increase in values. However, the surge of stock values came to an end in 2000 when stock markets dropped significantly. Especially the technology sector suffered greatly, and a high amount of wealth was erased by sharply falling markets. Could it have been possible to predict stock prices in such a market environment and, therefore, enable the equity investor to invest in undervalued stocks, if there were any? The key question for an investor in this context is whether an investment is fairly priced at the time of investment. This is of importance if one believes that stock prices can be overvalued or undervalued at times but adjust to their true values in the long-term. To form an opinion on whether an investment is fairly priced or not, i.e. overvalued or undervalued, an investor needs a valuation model. Such a model provides a theoretically correct value which can be used as a benchmark for the decision. In her study, Sussane Hakuba examines the forecasting capability of two selected valuation models for long-term equity investments over a nine-quarter time horizon (from the 4th quarter of 1999 to the 4th quarter of 2000): a) the two-stage free cash flow to equity (FCFE) model andb) the dividend discount model (DDM) as applied by JPMorgan Fleming. Susanne Hakuba looks at the application of the two equity valuation models analyzed including theory on the models, their inputs, and assumptions made. In addition, she provides discussion of the stock valuations performed and comes to conclusions and recommendations for future valuations applying the models examined.
Download or read book The Theory and Practice of Exchange Control in Germany written by NA Child and published by Springer Science & Business Media. This book was released on 2013-03-13 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Classical economist of the 19th century, with his faith in the ultimate efficiency and equity of free, impersonal markets, would certainly be amazed and dismayed by the developments in foreign exchange markets during the last thirty-five years. With the exception of the United States no important trading nation in the world of today maintains a freely convertible currency. On the contrary, each nation maintains a more or less comprehensive system of controls over the receipts and payments which can be effected in international markets. Recent efforts to reduce the extent and rigor of exchange regu lation, notably in Western Europe, have yielded modest results; it seems unlikely, however, that foreign exchange transactions will ever again be completely free of controL Foreign exchange control, with a greater or lesser degree of bilateralism, is a product born largely of necessity. Two world wars and a major world-wide depression so distorted the pattern of world trade and investment that free markets were simply unable to achieve their "normal" automatic adjustment. Ex change control, on the other hand, has demonstrated its efficiency as a means of maintaining a semblance of order in disorganized international markets. Unfortunately, however, exchange con trol also has great possibilities for further distortion of the pat tern of world trade, for discrimination, and for economic ex ploitation - for economic effects generally considered undesirable.
Download or read book Post LBO development written by Richard K. Lenz and published by Springer Science & Business Media. This book was released on 2010-03-01 with total page 549 pages. Available in PDF, EPUB and Kindle. Book excerpt: Richard K. Lenz analyses how LBOs evolve after the financial investors have exited. Based on three case studies of former LBOs in Germany, he shows that performance decline is often related to the weakening of the former performance-enhancing series of governance instruments.
Download or read book Cost of Capital in Managerial Finance written by Dennis Schlegel and published by Springer. This book was released on 2015-02-24 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines cost-of-capital models and their application in the context of managerial finance. This includes the use of hurdle rates in capital allocation decisions, as well as target returns in performance management. Besides a review of classical finance models such as the Capital Asset Pricing Model (CAPM), other contemporary models and techniques to determine the cost-of-capital of business units and private companies are discussed. Based on a mixed methods approach, current cost-of-capital practices and their determinants are empirically analyzed among German companies.
Download or read book The Economics of Health and Health Care written by Sherman Folland and published by Taylor & Francis. This book was released on 2024-01-31 with total page 921 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of Health and Health Care is the market-leading health economics textbook, providing comprehensive coverage of all the key topics, and balancing economic theory, empirical evidence, and public policy. The ninth edition offers updated material throughout, including two new chapters: Disparities in Health and Health Care (Chapter 7) examines issues of race, ethnicity, income, gender, and geography with respect to health care access, health inputs, and health outcomes; Pandemic Economics (Chapter 9) introduces a new and simplified economic treatment of epidemics and pandemics within the context of COVID-19. We also include applications from the growing literature on digital medicine. The book further highlights the impacts of the Affordable Care Act (ACA) and updates its path-breaking comparative analyses across countries to focus on the differences in access and costs. The book continues to provide a clear, step-by-step understanding of health economics, making economic principles accessible to students, supported by boxed examples, figures and tables. Each chapter contains concise summaries, discussion questions, and quantitative exercises to promote student learning. There is also a glossary of key terms and an extensive reference list. Instructors are supported by a range of digital supplements. It is the perfect textbook for students and practitioners taking undergraduate and postgraduate courses in health economics, health policy, and public health.
Download or read book Islamic Capital Markets A Comparative Approach Second Edition written by Obiyathulla Ismath Bacha and published by World Scientific. This book was released on 2019-02-27 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic Capital Markets: A Comparative Approach (2nd Edition) looks at the similarities and differences between Islamic capital markets and conventional capital markets. The book explains each topic from both the conventional and the Islamic perspective, offering a full understanding of Islamic capital markets, processes, and instruments. In addition to a full explanation of Islamic products, the book also ensures a holistic understanding of the dual markets within which Islamic capital markets operate.Ideal for both students and current practitioners, the second edition of the highly successful Islamic Capital Markets: A Comparative Approach fills a large gap in the current literature on the subject, featuring case studies from Malaysia, Indonesia, Europe, and the Middle East. One of the few comprehensive, dedicated guides to the subject available, the book offers comprehensive and in-depth insights on the topic of Islamic finance for students and professionals alike.
Download or read book Administration Management written by and published by . This book was released on 1986 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Brudney and Chirelstein s Cases and Materials on Corporate Finance written by Victor Brudney and published by . This book was released on 1993 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Governance 1e written by Steen Thomsen and published by McGraw Hill. This book was released on 2012-04-16 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: This exciting new text provides a complete introduction to Corporate Governance. It deals with the control and direction of companies by boards, owners and company law, and also looks at the mechanisms of governance and the different governance systems around the world. Part 1: is a non-technical overview of the relevant theories, governance mechanisms and the country models.Part 2: looks at some of the most important governance mechanisms in detail.Part 3: studies individual international corporate governance systems.Part 4: wraps up with a discussion on governance practices.
Download or read book Technological Innovation and Economic Performance written by Benn Steil and published by Princeton University Press. This book was released on 2021-07-13 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: Information technology accounts for over one-third of recent U.S. GDP growth and nearly two-thirds of corporate capital investment. ''The New Economy'' appears omnipresent, but little is actually known about its workings. This seminal volume brings together the research and critical thinking of many of the world's top macro and micro economists to provide a unique, multifaceted perspective. Through the use of detailed, up-to-date country and industry studies, this book provides the most authoritative and detailed analysis ever assembled into the causes of technological innovation and its relationship to economic performance. The country studies cover the United States, Japan, Germany, France, the United Kingdom, and the Nordic states. Nine industry studies examine the Internet, computers and semiconductors, banking, securities trading, venture capital, energy, agricultural biotechnology, pharmaceutical biotechnology, and automobiles. Commissioned and brought together for the research project by the world-renowned Council on Foreign Relations, the authors have produced one of the most important compendia in applied economics to be published in recent times. The contributors are Charles Calomiris, Ian Domowitz, Robert Evenson, Charles Fine, Robert Gordon, Richard Langlois, Josh Lerner, Markku Malkamäki, Patrick Messerlin, Joel Mokyr, David Mowery, Richard R. Nelson, Stephen Nickell, Gary Pisano, Adam Posen, Daniel Raff, Horst Siebert, Timothy Simcoe, Benn Steil, Michael Stolpe, John Van Reenen, David Victor, and Matti Virén.
Download or read book Papers and Proceedings of the Annual Meeting written by American Economic Association and published by . This book was released on 1969 with total page 664 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Collective Myths and Decivilizing Processes written by Stefan Kramer and published by LIT Verlag Münster. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Collective myths shape and frame contemporary communication processes as well as the collective subconscious. International contributors from the humanities and social sciences focus on interdependencies between collective myths and decivilizing processes in China and the United States, global economics, and recent technological advances. They highlight long-term de-/civilizing processes also for the globally important survival units India and Turkey, and the violently contested border areas of Afghanistan and Pakistan.
Download or read book Aanwinsten van de Centrale Bibliotheek Queteletfonds written by Bibliothèque centrale (Fonds Quetelet) and published by . This book was released on 2004 with total page 814 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The New Corporate Finance written by Donald H. Chew and published by McGraw-Hill Companies. This book was released on 1993 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book consists of 57 articles written by financial economists examining the implications of market efficiency for the following aspects of corporate management: evaluating capital investment opportunities; setting capital structure and dividend policies; raising capital and choosing among the spectrum of financial vehicles; managing corporate risks; corporate restructuring designed to increase stockholder value; and reorganization of financially troubled companies.
Download or read book The Market World and Chronicle written by and published by . This book was released on 1912 with total page 868 pages. Available in PDF, EPUB and Kindle. Book excerpt:
