capital and the financing of companies

... implications The crucial divergences between them are rooted in a differ-ent understanding of the evolution of banking since the early 1980s and in par-ticular of the crucial role that the process of securitization ... mission In the rest of the paper, Section 2 offers a selected review of the literature topinpoint how dealing with borrower-lender asymmetry of information is the truebasis of the theory of banking ... On the contrary, we stress that thepresence of complete information is the keystone of the theory of finance (Section3) Next, in Section 4, we document how the theory of finance prevailed overthe

Ngày tải lên: 29/03/2018, 14:00

... overview of the research question and guidance for the rest of the chapters The second chapter reviews the relevant literature For instance, the importance of people and their knowledge and skills ... Summary of the Literature Review vị Trang 10 The Research Question Theoretical Development Human Capital Theory General and Firm Specific Human Capital Make or Buy Resource-Based Theory The Model and ... human capital theory and resource- based theory, the model will be presented and its components defined Next, the hypotheses are specified based on the theories introduced earlier Chapter 4 then

Ngày tải lên: 30/03/2014, 01:20

... Terrorist Financing? C The Link Between Money Laundering and Terrorist Financing D The Magnitude of the Problem E The Processes F Where Do Money Laundering and Terrorist Financing Occur? G Methods and ... FATF, the FATF-style regional bodies, the Bank and IMF in making assessments of either their own members or of other countries Trang 19frame-Money Laundering and Terrorist Financing: Definitions and ... [drug trafficking] offense or offenses or from an act of participation in such offense or offenses, for the purpose of concealing or disguising the illicit origin of the property or of assisting any

Ngày tải lên: 30/08/2016, 15:24

... with the capitalist system itself The true soul of the capitalist system is not in physical properties of capital goods and the waiting associated with them in physical processes The soul of capitalism ... another: There is a long interval between the beginning of its career as a capital-good and the beginning of its service as an article of consumption But watch capital, the entire capital of the ... supplement the theory of pricing with the subjec-tive theory of value Interest theory in The Positive Theory of Capital is just another manifesta-tion of Böhm-Bawerk’s pursuit of his grand goal His

Ngày tải lên: 03/01/2020, 10:39

... eliminated the incentives ofland-owning elites of engaging in political violence The consolidation of the stateremoved the incentives of a powerful landowner gathering a peasant army and mak-ing ... prejudices of these urban spaces and theirinhabitants Barrios are the urban spaces bearing the brunt of the significant socioeconomicproblem that is urban violence The perception of urban violence and ... fromthe lenses of political economy—the combined use of “state-of-the-art economicsand political science” (Elsenhans1996, 15)—and not the discipline of Marxist dog-matism (Moore1989, 584–586) The

Ngày tải lên: 03/01/2020, 14:42

... There are differentstrands of thought in the works of these authors, but I focus on those regarding power, trade,defense, and dependency, and how they were put in the service of maximizing the power ofthe English state and minimizing the power of Ireland and Scotland The arguments made bythe pamphleteers regarding the threat and yet dependent state of Ireland is made more subtly ... The same person shall in no event be capable to be King or Queen of both Kingdoms ofScotland and England unless a free communication of trade, the freedom of Navigationand the liberty of the Plantations be fully agreed and established by the Parliament andKingdom of England in favour of the subjects and Kingdom of Scotland (in Scott 1994, ... However, the less-immediate and more immaterial gainsScotland made from the movement of its political capital and the development of its humancapital paved the way for the intellectual advances of the eighteenth century

Ngày tải lên: 06/01/2020, 10:14

... delivered by the KMS System quality is the performance of a KMS in terms of the consistency of the user interface, ease of use, response rates in interactive systems, and the accuracy of the codified ... model, social capital theory and resource-based view of IT in a theoretical model to identify the preconditions of the KMS success 2 Literature Review and Research Model The literatures of IS success, ... carry in their hearts as well as in their heads It has the force to connect and commit individuals one to another and to the new future they are bound to create The shared vision must reflect the

Ngày tải lên: 10/01/2020, 06:16

... proportion of their working capital and investments with internal funds These firms finance a higher portion of their working capital and investments with bank loans The level of financing constraints ... whether the level of financing constraints the firms face affects the firm level determinants of the composition of financing sources is a suggestion for future research Finding out the effect of ... of the share of different financing sources in the financing of working capital and fixed asset investments by SMEs in an emerging market context, namely Turkey The cross-sectional data set of

Ngày tải lên: 01/02/2020, 22:05

... expand the amount of data For the second part, the chosenmethod to gather the data is an interview The purpose of qualitative interview-ing is to derive interpretations and to understand the ... emphasizesthe utilization of big data information in companies who have customer orient- espe-ed approaches in their products and services These types of companies oftenhave vast amounts of data; they ... accounting profession and other business profession-als in Finnish context 1.2 Aim of the study, research questions and limitations The state of big data has not been studied widely in Finland The Ministry

Ngày tải lên: 26/04/2020, 21:48

... problems: shortage of cash in the part of assets of the balance sheet and the existence of abundant commitments in the part of liabilities of the balance sheet In other words, at the time of distress, ... interpreted as unprofitability of companies In this state, companies encounter failure In fact, in this state, companies’ rate of return is lower than the rate of cost of capital Another state of financial ... efficiency Therefore, with regard to the mentioned issues, the main problem of the present study is the investigation of the relationship of financial distress and investment efficiency of companies

Ngày tải lên: 29/05/2020, 10:08

... number of TT enterprises on the HOSE than the HNX, these companies have many outstanding strong points, such as: the number of stocks, the average price of a stock and the value of market capitalization ... Regarding the profitability of TT JSCs listed on the HOSE, this research uses three popular ratios: ROS, ROA, ROE and draws the following findings First of all, the order of profitability of the ... billion VND), standing at the bottom On the other hand, in this period, DGW is fifth on the capital scale and expresses its graduation in circulating turnover of total assets among the other six (both

Ngày tải lên: 04/02/2021, 01:11

... number of TT enterprises on the HOSE than the HNX, these companies have many outstanding strong points, such as: the number of stocks, the average price of a stock and the value of market capitalization ... Regarding the profitability of TT JSCs listed on the HOSE, this research uses three popular ratios: ROS, ROA, ROE and draws the following findings First of all, the order of profitability of the ... billion VND), standing at the bottom On the other hand, in this period, DGW is fifth on the capital scale and expresses its graduation in circulating turnover of total assets among the other six (both

Ngày tải lên: 17/03/2021, 20:34

... in the education variables, only the direct effects of the years of schooling of the head of the household, the years of schooling of the money manager and the average schooling of the heads of ... Sixty-eight percent of the banks in the Northeast and 81% of the banks in the Central region make loans, while only 35% of the banks in the Northeast and 53% of the banks in the Central region offer savings ... savings and lending services In the Northeast, only 17% of the banks offer savings and lending In the Central region, 40% of the banks offer both savings and lending services In the Northeast, the...

Ngày tải lên: 06/03/2014, 10:20

... 186 and 165 companies were listed Bankrupt companies and IPOs over the period 1989±94 were included until the year of bankruptcy and from the year of ¯oatation About 40% of the Belgian listed companies ... reports and from the database of Central Depository of Balance Sheets at the National Bank of Belgium 3.1.4 Data on the board of directors and the management committee The database of the National ... high fraction of non-executives on the board and the separation of the functions of CEO and (non-executive) chairman increases the turnover of executive directors of underperforming companies Weisbach...

Ngày tải lên: 02/01/2015, 17:34

... even if the presentationsare less than fully Polished .The papers carry the names of the authors and sbould be used and citeciaccordingly Thefindings, interpretations, and conclusionsare the authors' ... GerardCaprio,Jr and DimitriVittas The authorwishesto thank the participantsat that seminarandthe editorsfor theircomments Table of Contents Measuringthe AllocativeEfficiencyof the FinancialSystem ... ITounlderstandhow unit bankinigprevented the development of universal banking and raised the costs of investineit banking, it is useful to review the operation of the German universal banking system and...

Ngày tải lên: 22/04/2016, 07:54

... shows that the cost of capital of the firm depends on four factors: the risk free rate, the aggregate risk tolerance of the market, the expected cash flow of the firm, and the covariance of the firm’s ... increases the variance and covariances, which increases the cost of capital The equilibrium is then the net of these two effects In our example, the overall effect decreases the cost of capital. 22 ... proportionately Therefore, there was no affect on the beta coefficient of returns, which is the ratio of the covariance of the firm’s return to the market divided by the variance of the market return,...

Ngày tải lên: 06/03/2014, 21:20

... Vietnamese companies, a case study of Techcombank The objective of the research is to access the understanding of Techcombank’s managers and accountants about the influence of corporate culture on the ...  Another finding of the survey is the opinions of asked accountants and managers about the practice of four initiative methods of the application of managerial accounting in Techcombank The consequences ... increasing trust of its staff, customers and the society Because of this reason, the research focuses on understanding the value of the corporate culture, in particular, understanding the relationship...

Ngày tải lên: 13/03/2014, 14:20

... individual people and company on CSR concept, the CSR implementation of companies in Ha Noi and its impacts to the development of the companies And in order to collect data for the research, questionnaire ... http://www.triplepundit.com/wp-content/uploads/2011/02 /THE- FRACTAL-FRONTIER.pdf) Three Ps theory mentions the relationship of Planet, People, and Profit in business strategy of company This theory is considered as the detail of TBL theory, ... the company and customers And by supplying products and services required by customers, company also commits to the efficient development of company, and carries out the promise of maximize the...

Ngày tải lên: 13/03/2014, 14:20

... flowing to the for-profit schools outpacing the overall revenue growth of those schools, the military revenue growth of the companies is also outpacing the spending growth in the VA and DoD education programs Between 2009 and 2010, the total ... help veterans and servicemembers support themselves and their families, and help to create a more robust U.S economy With the passage of the Post-9/11 GI Bill, the Congress and the country committed ... review of the documents provided to the HELP Committee reveals that these two programs are the primary source of the very rapid increases in the sums of money flowing directly to for-profit schools...

Ngày tải lên: 28/03/2014, 21:20

... comparable companies and the market around the date of each acquisition In fact, when the team calculated the impact of these declines on the total value of EG, they realized that the decline ... ideology and legal frameworks, the United States and the United Kingdom have given the most weight to the idea that shareholders are the owners of the corporation, the board of directors is their ... In the case of an LBO, this occurs through substituting equity with debt, forcing much of the free cash flow out of the enterprise and back into the capital markets in the form of interest and...

Ngày tải lên: 08/05/2014, 10:11