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NCEA Level 2 Accounting (91177) 2012
NCEA Level 2 Accounting (91177) 2012

... the mark-up percentage The profit for year percentage has fallen by 1% because even though the gross profit percentage increased by 4% / mark-up percentage increased by 20%, it was offset by the growth in the administrative expense percentage / total expense percentage OR The profit for year percent ...
united states securities and exchange commission
united states securities and exchange commission

... repurchases; and discussions regarding the potential impact of economic conditions on our portfolio. These statements are based on beliefs and assumptions of Piedmont’s management, which in turn are based on currently available information. Important assumptions relating to the forward-looking state ...
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... We find that the equity return data prior to 1871 is not particularly reliable. To the best of our knowledge, the stock return data used by all researchers for the period 1802–1871 is due to Schwert (1990), who gives an excellent account of the construction and composition of early stock market inde ...
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Financial Markets

... The course has been developed to include the following innovative content:  Key concepts of financial markets, which are explained from an applied perspective, including with examples and problems from current financial markets practices from EU integration and development perspective;  Analytical ...
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Does Financial Distress Risk Drive the Momentum Anomaly?
Does Financial Distress Risk Drive the Momentum Anomaly?

... years prior to bankruptcy, and particularly during the last year. This suggests that the market is anticipating, but not fully incorporating (i.e., under reacting to), the deteriorating financial health of a firm. Distressed firms, therefore, experience lower past realized returns. Hong et al. (2000 ...
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... kE, as estimated, for example, by the capital asset pricing model. If ROE WACC, where WACC is the weighted average cost of capital), then the firm is economically profitable at any given time over the period of ratio analysis. The firm creates values for its owners. ...
Asian Journal of Business Management 5(1): 60-76, 2013
Asian Journal of Business Management 5(1): 60-76, 2013

... may be referred to as book value. Net worth is stated as at a particular year in time. Net worth is an important determinant of the value of a company, considering it is composed primarily of all the money that has been invested since its inception, as well as the retained earnings for the duration ...
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NBER WORKING PAPER SERIES DO FIRMS IN COUNTRIES WITH POOR PROTECTION
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... across countries. In contrast to other measures of investor protection, the anti-director rights index is negatively correlated with economic development in our sample so that the tradeoff theory predicts that cash holdings are negatively correlated with the anti-director rights index when one does ...
Trading Is Hazardous to Your Wealth: The Common Stock
Trading Is Hazardous to Your Wealth: The Common Stock

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united states securities and exchange commission - corporate
united states securities and exchange commission - corporate

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Asset Pricing with Idiosyncratic Risk and Overlapping Generations
Asset Pricing with Idiosyncratic Risk and Overlapping Generations

mid cap: the goldilocks asset class
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... Mid cap stocks’ positioning in the center of the business cycle bulls-eye shows in their long-term revenue and earnings growth. In Figure 5, you can see that over the past 19 years (the longest time period for which common data is available), mid cap companies have experienced higher earnings and re ...
External Financing and Customer Capital: A Financial Theory
External Financing and Customer Capital: A Financial Theory

... price stickiness is more precautionary in its financial decisions. In particular, it tends to delay the payment of dividends or equity repurchases and issue less equity, resulting in more cash holdings on its balance sheet. Stickier prices increase the marginal value of cash, as the option of raisin ...
united states securities and exchange commission
united states securities and exchange commission

... the cyclical nature of the retail business requires us to carry a significant amount of inventory, especially prior to peak selling seasons. As a result, we typically purchase merchandise from our suppliers well in advance of the applicable selling season, and sometimes before fashion trends are ide ...
expected returns
expected returns

... is clear that these are currently already below their longer-term averages. It goes without saying that these economies have a much bigger impact on the underlying trend of worldwide inflation than laggards like, for example, France or Spain. This is especially the case in the financial markets, wit ...
report of the sub-group on private corporate sector saving
report of the sub-group on private corporate sector saving

... trade and finance channel. Lower demand across various sectors pushed GDP growth to a low of 6.8 per cent in 2008-09. However, the economy bounced back remarkably and clocked 8.0 and 8.5 per cent growth in the next two years. With GDP growth projected at 8 per cent or thereabout in 2011-12, the ave ...
Active Management Performance Cycles
Active Management Performance Cycles

... US equity managers have endured a particularly challenging period over the past six years. Relative to their respective benchmarks, more than 50% of active managers have underperformed during this period. As illustrated in Figure 2, since 2009, active US equity managers have, in aggregate, underperf ...
Do firms in countries with poor protection of investor rights hold more
Do firms in countries with poor protection of investor rights hold more

... across countries. In contrast to other measures of investor protection, the anti-director rights index is negatively correlated with economic development in our sample so that the tradeoff theory predicts that cash holdings are negatively correlated with the anti-director rights index when one does ...
Neonode, Inc (Form: 10-Q, Received: 08/09/2016 08:48:47)
Neonode, Inc (Form: 10-Q, Received: 08/09/2016 08:48:47)

... are seeking sources of capital such as credit line facilities from financial institutions, equity investments or debt arrangements. No assurances can be given that we will be successful in obtaining such additional financing on reasonable terms, or at all. If adequate funds are not available on acce ...
Review of Asset Values, Costs and Cost Allocation of Western
Review of Asset Values, Costs and Cost Allocation of Western

... prices for services that will permit the business providing those services to recover the cost incurred in constructing assets, to earn a commercial rate of return on the unrecovered cost of assets, and to recover the costs of operating and maintaining the assets. That is, regulated prices for water ...
Debt Levels and Share Price - a Sensitivity Analysis on Vestas
Debt Levels and Share Price - a Sensitivity Analysis on Vestas

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Stock valuation

In financial markets, stock valuation is the method of calculating theoretical values of companies and their stocks. The main use of these methods is to predict future market prices, or more generally, potential market prices, and thus to profit from price movement – stocks that are judged undervalued (with respect to their theoretical value) are bought, while stocks that are judged overvalued are sold, in the expectation that undervalued stocks will, on the whole, rise in value, while overvalued stocks will, on the whole, fall.In the view of fundamental analysis, stock valuation based on fundamentals aims to give an estimate of the intrinsic value of a stock, based on predictions of the future cash flows and profitability of the business. Fundamental analysis may be replaced or augmented by market criteria – what the market will pay for the stock, without any necessary notion of intrinsic value. These can be combined as ""predictions of future cash flows/profits (fundamental)"", together with ""what will the market pay for these profits?"" These can be seen as ""supply and demand"" sides – what underlies the supply (of stock), and what drives the (market) demand for stock?In the view of others, such as John Maynard Keynes, stock valuation is not a prediction but a convention, which serves to facilitate investment and ensure that stocks are liquid, despite being underpinned by an illiquid business and its illiquid investments, such as factories.
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