Download or read book Assessment of Corporate Sector Value and Vulnerability written by Dale F. Gray and published by World Bank Publications. This book was released on 1999-01-01 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Once equity has fallen below a certain threshold for a significant period of time, it triggers a suspension of debt payments and distorts incentives for equity holds and managers. But what is a significant period of time? You or I could pay a $10 million annual mortgage payment for a day or two but not two or three months. Similarly, owners and managers can withstand short periods of illiquidity or negative equity but not longer ones. At some point in time, the inability to meet obligations and perception of continued difficulties creates a system-wide breakdown in debt payments." The relationship between the corporate sector and a country's macroeconomy is receiving increased attention from policymakers and investors, especially those affected by the Asian crisis. Recent crises have pointed out the importance of improving our understanding of the links between the corporate sector, the financial sector, and the macroeconomy in a world of volatile capital flows. Assessing the vulnerability of the corporate sector and its links to financial and exchange rate crisis is important for both improved surveillance and in the design of policies in crisis countries. However, the analytical and operational tools available to policymakers and investors to analyze this problem have been limited. This Technical Paper was prepared as part of an initiative to develop new frameworks which can integrate state-of-the art corporate finance principles, macroeconomic, and financial sector analysis. An innovative yet practical framework is provided which has numerous applications for assessing corporate sector vulnerability, design of corporate restructuring strategies, as well as financial sector and macroeconomic policies. It will be of interest to bankers, economic policymakers, corporate finance specialists, and macroeconomists.
Download or read book Assessing China s Corporate Sector Vulnerabilities written by MissMali Chivakul and published by International Monetary Fund. This book was released on 2015-03-30 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper documents and assesses the risk stemming from rising corporate indebtedness in China using a firm-level dataset of listed firms. It finds that while leverage on average is not high, there is a fat tail of highly leveraged firms accounting for a significant share of total corporate debt, mainly concentrated in the real estate and construction sector and state-owned enterprises in general. The real estate and construction firms tend to face lower borrowing costs and could withstand a modest increase of interest rate shocks despite their high leverage. The corporate sector is however vulnerable to a significant slowdown in the real estate and construction sector. Our sensitivity analysis suggests that the share of debt that would be in financial distress would rise to about a quarter of total listed firm debt in the event of a 20 percent decline in real estate and construction profits.
Download or read book Corporate Sector Vulnerabilities in Ireland written by Nir Klein and published by International Monetary Fund. This book was released on 2016-11-15 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper uses both macro- and micro-level data to assess how has the financial health of the Irish non-financial corporate (NFC) sector changed in the post financial crisis period. The analysis suggests that vulnerabilities have generally declined in recent years, but the NFC sector and especially smaller domestic firms remain vulnerable. A sensitivity analysis indicates that a non-extreme shock, which comprises a decline in profitability and an increase in interest rates, is likely to push many firms into a vulnerable state and that the share of firms with interest cover ratio of lower than one would triple to nearly fifty percent, largely reflecting the deterioration in the financial health of small firms. In such a scenario, the share of risky debt would increase to the level observed during the financial crisis, resulting in a significant increase in new corporate defaults.
Download or read book Business Information Needs of the Indian Corporate Sector written by Hanumappa Anil Kumar and published by Allied Publishers. This book was released on 2010-04-10 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Indian businesses face many challenges in today's competitive environment consisting of global players, highly demanding customers and shortage of skilled manpower. It is a complex environment that they operate in with 'information' becoming a critical component of their strategy and operations. Right information to the right person at the right time for right business actions is the greatest challenge that businesses face. Need for information exists at all levels, right from in-the-market executives to the middle management and top management in the organization. The type of information required would determine the sources of information, the media preferred, the technology used to access this information, the providers of information to be approached, the purpose of information searching and quality of information required. In this context, understanding the information need and its various aspects from the managers working in the industry was the purpose of this study. This research not only facilitates provision of right information to the right person at the right time but also helps in designing information systems and building the information culture of an organization. It is in this context that the book is written with an objective to explore the information needs of the Indian corporate sector. The study focuses on the middle or higher level of managers working in Indian corporate sector that includes public limited, private limited, family businesses, small businesses and government businesses. The study looks at the type of information required, sources used, media preferred, information providers used, purpose of information search and quality of information that is relevant and important. The research also studies the variations in results between managers in manufacturing sector and services sector to enhance the understanding of business information needs in the Indian context.
Download or read book Large Scale Post Crisis Corporate Sector Restructuring written by Mr.Mark R. Stone and published by International Monetary Fund. This book was released on 2000-07-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper summarizes the objectives, tasks, and modalities of large-scale, post-crisis corporate restructuring based on nine recent episodes with a view to organizing the policy choices and drawing some general conclusions. These episodes suggest that government-led restructuring efforts should integrate corporate and bank restructuring in a holistic and transparent strategy based on clearly defined objective and including sunset provisions.
Download or read book Involving the Private Sector in the Resolution of Financial Crises Corporate Workouts written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2001-01-24 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL
Download or read book Inflation Accounting Practices in India s Corporate Sector written by Mohd Rizwan Ahmad and published by Atlantic Publishers & Dist. This book was released on 2003 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Treatise On Inflation Accounting Provides A Detailed Treatment Of Concepts And Techniques Of Inflation Accounting. It Gives A Clear Understanding Of Accounting Data And Their Limitations During Inflation. In This Context, An Attempt Is Made To Underline The Importance Of Inflation Accounting With Particular Reference To A Case Study Of Selected Units.
Download or read book Corporate Investment and Financial Practices in Service Sector in India written by Linga Reddy and published by Archers & Elevators Publishing House. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Machine Learning Applications for Accounting Disclosure and Fraud Detection written by Papadakis, Stylianos and published by IGI Global. This book was released on 2020-10-02 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: The prediction of the valuation of the “quality” of firm accounting disclosure is an emerging economic problem that has not been adequately analyzed in the relevant economic literature. While there are a plethora of machine learning methods and algorithms that have been implemented in recent years in the field of economics that aim at creating predictive models for detecting business failure, only a small amount of literature is provided towards the prediction of the “actual” financial performance of the business activity. Machine Learning Applications for Accounting Disclosure and Fraud Detection is a crucial reference work that uses machine learning techniques in accounting disclosure and identifies methodological aspects revealing the deployment of fraudulent behavior and fraud detection in the corporate environment. The book applies machine learning models to identify “quality” characteristics in corporate accounting disclosure, proposing specific tools for detecting core business fraud characteristics. Covering topics that include data mining; fraud governance, detection, and prevention; and internal auditing, this book is essential for accountants, auditors, managers, fraud detection experts, forensic accountants, financial accountants, IT specialists, corporate finance experts, business analysts, academicians, researchers, and students.
Download or read book Corporate Governance in Central Europe and Russia written by Maria Aluchna and published by Springer Nature. This book was released on 2020-03-04 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines corporate governance through a holistic lens that integrates financial, social and environmental goals, e.g. increasing transparency and disclosure. In addition, it investigates the theoretical assumptions guiding the current corporate governance practices adopted by companies in Central Europe and Russia. The book presents a dynamic study on the evolution of corporate governance systems, which were practically non-existent just 30 years ago. In turn, it addresses criticism leveled at corporate governance, its impact on the outbreak of the financial crisis, and recommendations for changes after the crisis. The book employs a regional focus, exploring a group of countries that have often been neglected in corporate governance research. Carefully selected data and a variety of case studies prepared by leading authors from the region provide evidence to support the analysis.
Download or read book Corporate Venture Capital written by and published by Routledge. This book was released on with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Survey of Current Business written by and published by . This book was released on 1993 with total page 906 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Cambridge Handbook of Class Actions written by Brian T. Fitzpatrick and published by Cambridge Law Handbooks. This book was released on 2021-02-18 with total page 577 pages. Available in PDF, EPUB and Kindle. Book excerpt: International authors describe class action procedure in this concise, comparative, and empirical perspective on aggregate litigation.
Download or read book Global Financial Flows in the Pre and Post global Crisis Periods written by Yoichi Matsubayashi and published by Springer Nature. This book was released on 2022-09-03 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers many aspects of excessive expansion of cross-border capital flows underlying the global financial crises that occurred in succession in the form of the subprime mortgage crisis, the collapse of Lehman Brothers, and the European debt crisis. Obtaining a broader picture of financial flows at the global level from various perspectives is essential to comprehensively understand the fundamental causes for a series of global-scale financial crises and to formulate effective policy responses in the future. The topics addressed here include a basic concept and overview of global liquidity in a broad sense, domestic and international credit activities of financial institutions in both advanced and emerging countries, and global demand for US dollars. Offshore bond issuance in BRICs countries, including its implications for the Chinese shadow banking sector, uncovered interest rate parity puzzle, and related policies such as capital controls are covered as well. This book is highly recommended to readers who seek an in-depth and up-to-date integrated overview of the dynamics of today’s globalized financial markets.
Download or read book Coercion and Social Welfare in Public Finance written by Jorge Martinez-Vazquez and published by Cambridge University Press. This book was released on 2014-05-22 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although coercion is a fundamental and unavoidable part of our social lives, economists have not offered an integrated analysis of its role in the public economy. The essays in this book focus on coercion arising from the operation of the fiscal system, a major part of the public sector. Collective choices on fiscal matters emerge from and have all the essential characteristics of social interaction, including the necessity to force unwanted actions on some citizens. This was recognized in an older tradition in public finance which can still serve as a starting point for modern work. The contributors to the volume recognize this tradition, but add to it by using contemporary frameworks to study a set of related issues concerning fiscal coercion and economic welfare. These issues range from the compatibility of an open access society with the original Wicksellian vision to the productivity of coercion in experimental games.
Download or read book Disaster Management and Private Sectors written by Takako Izumi and published by Springer. This book was released on 2015-02-13 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book draws upon case studies and practices of different types of DRR involvement by the private sector from all over the world. The book comprises two parts, Part I: Overview and Regional Cases; and Part II: Country Cases. The regional cases include those from Africa, Asia, Europe, and Central America, and the country cases include ones from India, Japan, the United States, Vietnam, Thailand, Bangladesh, Malaysia, and Nepal. DRR at the international level is discussed from the perspective of the United Nations International Strategy for Disaster Reduction (UNISDR). The perspective of the Asia–Pacific Economic Cooperation (APEC) is presented in the discussion of DRR at the societal level. The private sector is becoming more active in disaster management and plays an important role in distributing relief items and sending search and rescue teams in the response phase. However, once the response stage is over, private sector involvement tends to fade. While a number of disaster risk reduction (DRR) initiatives by the private sector are documented, they remain limited. The private sector can contribute enormously to DRR by developing business continuity plans, innovating technology for early warning systems, and providing and sharing technical knowledge, skills, and resources in the field of disaster preparedness. To strengthen DRR capacity, it is crucial to involve the private sector as major actors in DRR. The primary target groups for this book are students and researchers in the fields of disaster management and DRR studies. Another target group comprises practitioners and policy makers, who will be able to apply the collective knowledge from this work to policy and decision making. The book provides an overview of the current research trends and furnishes basic knowledge on this important topic.
Download or read book Water Accounting written by Jayne M. Godfrey and published by Edward Elgar Publishing. This book was released on 2012 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: This groundbreaking book examines the role that water accounting can play in resolving economic, environmental and social issues. One of the most pressing global issues of the 21st century is the scarcity of water to ensure economic, environmental and social sustainability. In addressing the issue through policy and management, access to high quality information is critically important. But water scarcity has many implications, and it is possible that different reporting approaches, generally called water accounting systems, can be appropriate to addressing them. In this key book, international experts respond to the question: what role can water accounting play in resolving economic, social and environmental issues at individual, organizational, industry, national and international levels? They explore how various forms of water accounting are utilized and the issues that they address. Academics and postgraduate students interested in water scarcity and accounting will find this book invaluable. Policymakers in all areas relating to water as well as environmentalists, water industry managers and water lawyers will find plenty of important insights in this essential resource.
