APPLE INC (Form: 424B2, Received: 11/04/2014 06:07:42)
... or solicitation is not authorized or to any person to whom it is unlawful to make that offer or solicitation. See “Underwriting—Sales Outside the United States” in this prospectus supplement. Notice to Prospective Investors in the European Economic Area This prospectus supplement and the accompanyin ...
... or solicitation is not authorized or to any person to whom it is unlawful to make that offer or solicitation. See “Underwriting—Sales Outside the United States” in this prospectus supplement. Notice to Prospective Investors in the European Economic Area This prospectus supplement and the accompanyin ...
SWD(2014) 61 final - European Commission
... At a time when the European Union (EU) is facing the biggest economic crisis in its history leading to record numbers of bankruptcies in most Member States, improving the efficiency of insolvency laws in the EU has become an important factor in supporting the economic recovery. In recent years, an a ...
... At a time when the European Union (EU) is facing the biggest economic crisis in its history leading to record numbers of bankruptcies in most Member States, improving the efficiency of insolvency laws in the EU has become an important factor in supporting the economic recovery. In recent years, an a ...
Accruals, Financial Distress, and Debt Covenants Troy D. Janes
... accruals predict declining performance, stock prices behave as if the market does not understand this information. A study of analyst forecast errors shows that forecast errors are larger for firms with high accruals (Bradshaw, Richardson, and Sloan, 2001), and a study of analyst forecast revisions ...
... accruals predict declining performance, stock prices behave as if the market does not understand this information. A study of analyst forecast errors shows that forecast errors are larger for firms with high accruals (Bradshaw, Richardson, and Sloan, 2001), and a study of analyst forecast revisions ...
The Collateral Consequences of Payday Loan Debt
... Each year, over twelve million Americans use payday loans often in an attempt to solve a financial crisis.1 Payday loans and their companion car title loans often charge exorbitant rates in exchange for cash. A typical payday loan has an annualized interest rate of 391%.2 A significant body of resea ...
... Each year, over twelve million Americans use payday loans often in an attempt to solve a financial crisis.1 Payday loans and their companion car title loans often charge exorbitant rates in exchange for cash. A typical payday loan has an annualized interest rate of 391%.2 A significant body of resea ...
DBRS Recovery Ratings for Non-Investment Grade
... (1) Enterprise valuation (EV) using a multiple of EBITDA approach In this method, enterprise value would be equal to a forecast baseline annual EBITDA times an appropriate (stressed) multiple of EBITDA. DBRS typically applies this approach to issuers expected to be reorganized or sold as ongoing bus ...
... (1) Enterprise valuation (EV) using a multiple of EBITDA approach In this method, enterprise value would be equal to a forecast baseline annual EBITDA times an appropriate (stressed) multiple of EBITDA. DBRS typically applies this approach to issuers expected to be reorganized or sold as ongoing bus ...
Hot debt market - Adverse selection costs as a debt issue driver
... debt issue volume, or the hot debt market. Following the pecking order theory of capital structure, I hypothesize that high information asymmetry between investors and managers hinders companies from issuing equity and, instead, prompts firms to time their debt issues to that point of time. I also e ...
... debt issue volume, or the hot debt market. Following the pecking order theory of capital structure, I hypothesize that high information asymmetry between investors and managers hinders companies from issuing equity and, instead, prompts firms to time their debt issues to that point of time. I also e ...
Capital Structure of SMEs: Does Firm Size Matter?
... analysed for the first time, it was noticed that large proportions of SMEs in the Baltic countries do not have long-term debt. Therefore, differently than most of the prior research, it is not assumed that the influences on a company’s decision to obtain debt financing are the same as those that aff ...
... analysed for the first time, it was noticed that large proportions of SMEs in the Baltic countries do not have long-term debt. Therefore, differently than most of the prior research, it is not assumed that the influences on a company’s decision to obtain debt financing are the same as those that aff ...
THE NATIONAL DEBT AND ECONOMIC POLICY IN THE MEDIUM
... Tire research based on data from before Ireland’s entry into the EMS is not very relevant to the current situation. As a result a less formal approach is adopted in this paper. Bascd on the limited range of evidence currently available, Chapter 2 gives a brief discussion of how the monetary sector o ...
... Tire research based on data from before Ireland’s entry into the EMS is not very relevant to the current situation. As a result a less formal approach is adopted in this paper. Bascd on the limited range of evidence currently available, Chapter 2 gives a brief discussion of how the monetary sector o ...
The Employment Cost of Sovereign Default
... the occurrence of default after growth periods. Third, I consider how different labor market policies and bank regulations change the government’s ability to credibly borrow and repay debt. The forward-looking vacancy-posting behavior of firms is crucial for the model to be able to match the empiric ...
... the occurrence of default after growth periods. Third, I consider how different labor market policies and bank regulations change the government’s ability to credibly borrow and repay debt. The forward-looking vacancy-posting behavior of firms is crucial for the model to be able to match the empiric ...
Responding to Shocks and Maintaining Stability in the West
... other monetary unions, faces a number of challenges in dealing with macroeconomic shocks.1 A symmetric shock—that is, a shock affecting similarly all members of a monetary union—can in principle be addressed by the common monetary policy or by a coordinated fiscal policy response. Monetary policy, h ...
... other monetary unions, faces a number of challenges in dealing with macroeconomic shocks.1 A symmetric shock—that is, a shock affecting similarly all members of a monetary union—can in principle be addressed by the common monetary policy or by a coordinated fiscal policy response. Monetary policy, h ...
Commercial Law Developments 2010
... American Bank of the North v. Jelinski, 2010 WL 1753245 (Minn. Ct. App. 2010) Understanding between financier who purchased equipment and debtor who used it that once the debtor paid the purchase price, the equipment would belong to the debtor made the transaction a security interest, not a lease. ...
... American Bank of the North v. Jelinski, 2010 WL 1753245 (Minn. Ct. App. 2010) Understanding between financier who purchased equipment and debtor who used it that once the debtor paid the purchase price, the equipment would belong to the debtor made the transaction a security interest, not a lease. ...
Doctoral Dissertation Template
... in the most recent recession suggest that agency problems of debt are still a major concern and cast doubt on managers’ risk management practices (Bebchuk and Spamann 2009; Bhattacharaya and Cohn 2010; Federal Reserve 2009). 6 In the wake of the financial crisis, proposals have been put forward to r ...
... in the most recent recession suggest that agency problems of debt are still a major concern and cast doubt on managers’ risk management practices (Bebchuk and Spamann 2009; Bhattacharaya and Cohn 2010; Federal Reserve 2009). 6 In the wake of the financial crisis, proposals have been put forward to r ...
ACCT 2301 PP Ch 7
... C1: Describe accounts receivable and how they occur and are recorded. C2: Describe a notes receivable, the computation of its maturity date, and the recording of its existence. C3: Explain how receivables can be converted to cash before maturity. ...
... C1: Describe accounts receivable and how they occur and are recorded. C2: Describe a notes receivable, the computation of its maturity date, and the recording of its existence. C3: Explain how receivables can be converted to cash before maturity. ...
The Interplay Between Student Loans and Credit Cards: Implications for Default ∗
... U.S. and their impact on default incentives of young U.S. households. As we argue in this paper, the interaction between different bankruptcy arrangements induces significant trade-offs in default incentives in the two markets. Understanding these trade-offs is particularly important in the light o ...
... U.S. and their impact on default incentives of young U.S. households. As we argue in this paper, the interaction between different bankruptcy arrangements induces significant trade-offs in default incentives in the two markets. Understanding these trade-offs is particularly important in the light o ...
Equity Auctions and the New Value Corollary to the
... that deficiency claim (which would not be paid in full) in a class separate from the class of unsecured trade claims. Bank of America voted its unsecured deficiency claim to reject the plan. The bankruptcy court confirmed the debtor’s plan under Code section 1129(b)(2)(B)(ii), holding, among other t ...
... that deficiency claim (which would not be paid in full) in a class separate from the class of unsecured trade claims. Bank of America voted its unsecured deficiency claim to reject the plan. The bankruptcy court confirmed the debtor’s plan under Code section 1129(b)(2)(B)(ii), holding, among other t ...
ASTRAZENECA PLC (Form: F-3ASR, Received: 11/22/2016 11:52:39)
... can also be no assurance regarding the ability of holders of our debt securities to sell their debt securities or the price at which such holders may be able to sell their debt securities. If a trading market were to develop, the debt securities could trade at prices that may be higher or lower than ...
... can also be no assurance regarding the ability of holders of our debt securities to sell their debt securities or the price at which such holders may be able to sell their debt securities. If a trading market were to develop, the debt securities could trade at prices that may be higher or lower than ...
Assessment of the VP settlement system
... because its participants have not wanted VP to be open on those days so far. At present, settlement in euro accounts for a minor share of total settlement, and the assessment is that there are no significant risks associated with the VP system not being open on the days in question. However, in view ...
... because its participants have not wanted VP to be open on those days so far. At present, settlement in euro accounts for a minor share of total settlement, and the assessment is that there are no significant risks associated with the VP system not being open on the days in question. However, in view ...
Full Report
... microeconomic underpinnings of the long-term macroeconomic and business trends that affect company strategy and policy making. For nearly two decades, MGI has utilized this distinctive “micro-to-macro” approach in research covering more than 20 countries and 30 industry sectors. MGI’s current resear ...
... microeconomic underpinnings of the long-term macroeconomic and business trends that affect company strategy and policy making. For nearly two decades, MGI has utilized this distinctive “micro-to-macro” approach in research covering more than 20 countries and 30 industry sectors. MGI’s current resear ...
Independent Accountant`s Report on Applying Agreed Upon
... We have performed the procedures enumerated below, which were agreed to by Mr. and Mrs. Pérez as required by the Puerto Rico Treasury Department, solely to assist you with respect to the information requested by Administrative Determination No. 16-14 and presented in the accompanying Schedules 1 thr ...
... We have performed the procedures enumerated below, which were agreed to by Mr. and Mrs. Pérez as required by the Puerto Rico Treasury Department, solely to assist you with respect to the information requested by Administrative Determination No. 16-14 and presented in the accompanying Schedules 1 thr ...
Part I – Introduction - LSA
... 12. Have the creditors and the debtors adopted consistent filing positions? Debtor may say debt for tax purposes; if creditor takes a different position – tax authorities will be suspicious. 13. Is the debtor “bankable” in the conventional sense? i.e. would the bank give them money? 14. Are any outs ...
... 12. Have the creditors and the debtors adopted consistent filing positions? Debtor may say debt for tax purposes; if creditor takes a different position – tax authorities will be suspicious. 13. Is the debtor “bankable” in the conventional sense? i.e. would the bank give them money? 14. Are any outs ...
SRC review guide for general-purpose governments
... Explanation: Government-wide and fund financial statements must be presented using an all-inclusive format. That is, all changes to equity normally should be reported as part of the results of operations for the current period rather than treated as a direct adjustment to equity. There are three exc ...
... Explanation: Government-wide and fund financial statements must be presented using an all-inclusive format. That is, all changes to equity normally should be reported as part of the results of operations for the current period rather than treated as a direct adjustment to equity. There are three exc ...
Download Dissertation
... After fitting the models and calculating scores for each firm-year, I rank the scores and compare them with actual occurrences of bankruptcies to measure forecasting accuracy at different cut-off points for binomial outcomes. When I fit the hazard rate model with creditor coordination effects, I fin ...
... After fitting the models and calculating scores for each firm-year, I rank the scores and compare them with actual occurrences of bankruptcies to measure forecasting accuracy at different cut-off points for binomial outcomes. When I fit the hazard rate model with creditor coordination effects, I fin ...