... observes x andthe fraction of speculators who decide to attack the band, α, and then decides whether or not to defend the band If he does, theexchangerate stays at the boundary ofthe band andthe ... exchange- rate bands The paper focuses onthe trade-offs that determine the optimal band width by analyzing the strategic interaction between the ex ante choice of exchange- rateregimeandthe ... class of regimes than usually considered To focus onthe main novelty ofthe paper, which is the strategic interaction between the ex ante choice of exchange- rateregimeandthe probability of ex...
... observes x andthe fraction of speculators who decide to attack the band, α, and then decides whether or not to defend the band If he does, theexchangerate stays at the boundary ofthe band andthe ... exchange- rate bands The paper focuses onthe trade-offs that determine the optimal band width by analyzing the strategic interaction between the ex ante choice of exchange- rateregimeandthe ... class of regimes than usually considered To focus onthe main novelty ofthe paper, which is the strategic interaction between the ex ante choice of exchange- rateregimeandthe probability of ex...
... The cost of capital, corporation finance and theory of investment” in the American Economic Review The M&M theory oncapital structure claims that in an efficient market and in the absence of ... assets Thecapital structure decision is one ofthe most important decisions made by financial management Thecapital structure decision is at the center of many other decisions in the area of corporate ... pecking-order theory 2.2.1 THE TRADE-OFF THEORY The trade-off theory explains firms’ choice of leverage by a trade-off between the benefits and costs of debt A trade-off of costs and benefits of borrowing,...
... includes the definitions of Banking, Board, Women in the boardroom and firm performance, andthe descriptions ofthe theories used to explain the relationships between the two constructs Woman onthe ... ABSTRACT TABLEOF CONTENTS LIST OF TABLES LIST OF FIGURE LIST OF ACRONYMS 10 Chapter INTRODUCTION 11 1.1 Background ofthe Study 11 1.2 Objective ofthe Study 12 1.3 Important ofthe Study 12 THEORETICAL ... the company's president and therefore also be one ofthe inside directors onthe board (if not the chairman) * Chief Operations Officer (COO) – Responsible for the corporation's operations, the...
... section Chapter - Conclusion: This chapter summaries the research findings and give conclusions onthe research topic Implications of research results as well as their limitations and further ... about the relationship between firm value andcapital structure Later on, findings of previous studies are presented and summarized After checking onthe current condition ofthe local market, the ... research model onthe relationship between capital structure and firm performance with the purpose to validate conclusions of previous authors in the context of Vietnam market Traditional capital structure...
... reflect thedegreeof confidence that management hold in the economy, or the cash held on many balance sheets While more than two-thirds (67%) of respondents express confidence about the future economic ... profitability and competitiveness The state ofthe UK economy Taking the decision to commit to investing capital is largely driven by the level of confidence that business leaders have in the overall economy, ... Harrison, acknowledges the impact ofthe recession on spending plans, reinforcing a focus on constraining costs and removing debt from the balance sheet “If we go back 18 months to two years and there...
... dividends on equity, however, does not The thought of another way, the actual rateof interest companies pay onthe bonds that they issue is less than the nominal rateof interest because ofthe tax ... have 35 and 27 companies respectively The Production of construction materials contains exploration and creation of materials for the basic construction industry For example, they can be the extraction ... performance (proxied by the return on investment) and leverage ofthe firms over a period of ten years The results provided strong evidence in support ofthe traditional theory ofcapital structure...
... Part 1: The Introduction consists ofthe rationale, the objectives, the questions, the scope, the method, the significance andthe design ofthe study Part2: The “Development” consists of three ... 83 viii PART ONE INTRODUCTION Chapter one discusses the rationale, the research questions, the objectives, the scope, the significance, the methods andthe design ofthe study I Rationale English ... evaluation The ultimately step of an action research is analysis and evaluation Evaluation includes “determining whether the theoretical effects ofthe action were realized, and whether these effects...
... about the relationship of size and return on asset (ROA) There are different views onthe effect of size onthe return on asset, which is the indicator ofthe profitability of REITs Morri and Beretta ... debt ratio and there is an effect of total debt ratio on profitability of REITs, there could be also an effect of long-term debt ratio onthe profitability of REITs Onthe other hand, if REITs ... literature of not focusing on analysing the effect ofcapital structure onthe profitability of REITs Most ofthe studies investigating that profitability as the determinant ofthecapital structure...
... estimate the random parameters ofthe communication channel in a direct fashion Nonetheless, they can be considered as SISO detectors, since they generate soft estimates (i.e., the APPs) ofthe transmitted ... the fact that the complexity of optimal multiuser detection grows exponentially with the number of users [41] One ofthe interesting applications ofthe EM technique has been the derivation of ... H(k+1) needed for the initialization ofthe ST-OFDM BEM in the (k + 1)th iteration ofthe receiver At the beginning ofthe first iteration, however, no a priori information onthe channel symbols...
... expectation of a strengthening ofthe rand) or by raising interest rates Under either of these options, it would probably be both difficult and undesirable for the SARB to maintain the higher rates of ... have the benefit of establishing a clear timetable for NOFP cuts and help allay concerns that the process of NOFP reduction might be open-ended Moreover, if the profile of purchases were Jonsson ... occasions, the SARB may need to attract capital into the country by offering improved rates of return This could be done either by forcing a step exchangerate depreciation (and thereby generating the...
... 1.4 Scope ofthe study First of all, this study is only conducted in Hanoi, the country’s capital Due to its role and contributions into the national economy, Hanoi is considered as one of major ... introduction including the rationale ofthe study, indentification ofthe problem, objectives, scope and limitations ofthe study Chapter presents a literature review which contains the background and ... actual evaluations ofthe stores’ performance, the research tries to uncover the shoppers’ expectations of this kind of store In addition, the demographic profile ofthe store’ users and non-users...
... Understand the cost ofcapitalandthe specific sources ofcapital associated with the cost ofcapital • Determine the cost of debt and preference share capital • Calculate cost of ordinary share capital, ... Where: wi = Proportion of long term debt in thecapital structure wp = Proportion of preference share capital in thecapital structure ws = Proportion of ordinary share equity in thecapital structure ... dollar of total new financing Is an increasing function ofthe level of total new financing The ‘break point’ is the level of total new financing at which the cost of one ofthe financing components...
... 57 users, and whole sample Table 4: Service user information for White and BME service users 61 Table 5: Timetable of clinical work 98 Table 6: Mean response rates in each phase ofthe design ... impact a chronic illness can have onthe lives of children, young people and their families, together with dietary self-management as the cornerstone of treatment in CD, the aims of this literature ... understanding the importance ofthe diet, and to ‘fit in’ (Olsson, Hornell, Ivarsson, & Sydner, 2008) Increasingly, there is a focus on health related quality of life for children (HRQOL) in which there...
... precision, ωj; 2) the number of new observations, Q; or 3) the precision of these observations, γj Since the assessed variance ofthe firm’s cash flow is one ofthe components ofthe covariance ofthe ... value of N (the number of investors) and J (the number of firms in the economy), there is a non-zero effect on price andonthe cost ofcapitalof reducing the assessment of firmvariance The firm-specific ... shows that the cost ofcapitalofthe firm dependson four factors: the risk free rate, the aggregate risk tolerance ofthe market, the expected cash flow ofthe firm, andthe covariance ofthe firm’s...
... at ETSU saw the smoke, dumped them out ofthe garbage cans I used for firing onto the 20° F concrete and hosed them off, while they were red hot, with freezing water They survived The velvety ... Joanne McMahon (1997) An Illustrated Map ofthe Sheela-Na-Gigs of Britain and Ireland: Bandia Publishing Rowland, Benjamin (1953) The Art and Architecture of India: Buddhist, Hindu, Jain Harmondsworth, ... technique andthe work of Rosette Gault; ceramic workshops in Appalachia; mythology and feminism as inspiration; the effect of nature and environment on art; and Georges Jeanclos Includes images and...
... for a big profit once they retire And if they retire during a bear market like the current one, there's no guarantee they'll get nearly the money they hoped for years ago And once they sell, at ... investors One of those types of companies is regulated by the government, and allowed to raise prices every year by MORE than therateof inflation And if you're not in the US, you may be in one ofthe ... defaulting on its government bonds So are Spain, Ireland, Italy and Portugal There's a lot of pressure on Germany to back up the excess spending of rest ofthe continent, but German taxpayers have their...
... escalation of prescription drug use has placed a significant impact onthe global consumption of all opioids, the United States (US.) consuming 80% ofthe global supply and 99% ofthe global supply of ... prescriptions written for all of these have risen over the last years (CDC, 2010) In addition, Americans are consuming 80% ofthe global supply of all opioids and 99% ofthe global supply of hydrocodone ... for a national prescription monitoring program (NASPER) and a lack of adequate professional and public education The lack of funding was the biggest contributing factor to implementing the NASPER...
... with the exception of Fabbri (2002), employ the stock of debt to examine the impact ofthedegreeof judicial enforcement on loan size Most of these studies find the impact ofthedegreeof judicial ... Surprisingly, the estimation results of this paper are opposite in sign to the theoretical predictions ofthe traditional view, and we provide one possible interpretation at the end of Section III.B We then ... analysis ofthe impact of better judicial enforcement onthe probability of being rationed (Section III.A), on loan size (Section III.B), andonthe probability of bankruptcy (section III.B) A The Probability...