The trustee must act in the best interest of the trust and the beneficiary at all times—it’s a fiduciary duty. The beneficiary receives your distributed assets according to the rules of the trust, as administered by the trustee. Trust funds can hold lots of kinds of property, from cash ...
According to the agency theory, independent directors serve as a protective device against entrenched managers to ensure they act according to the best interest of the stakeholders of the firm, including creditors and lenders. Additionally, lenders’ trust in independent directors as an efficient ...
Recent research interest has focused on the impact of the room sharing business model on housing markets. However, existing empirical evidence is limited and exclusively focuses on few large cities in the U.S. This study examines the effects of Airbnb on housing rental and sales prices using a...
2019), and the number of financial misconducts has increased in recent years (Karpoff,2021). Given its profound consequences, research investigating the driving forces behind financial advisor misconduct is of significant interest.
it’s time tofind a local agentwho knows your market well and can help guide you to a successful — and lucrative — sale. Set up interviews with several candidates to get a sense of their marketing and sales strategy, and ask plenty of questions to find someone you trust and feel comfor...
One common type oftax-exempt incomeis interest earned on municipal bonds, which are bonds issued by states and cities to raise funds for general operations or a specific project. When a taxpayer makes interest income on municipal bonds issued in their state of residence, the profit is exempt ...
financial education in China is mainly driven by financial institutions such as securities firms and geared toward individual investors in stocks or mutual funds (Xiao, 2021). Financial institutions have certain advantages in conducting investor education. First, in the process of providing clients with...
InPollock, the Supreme Court ruled that this description applied to income from the plaintiff's 10 shares of the Farmers' Loan & Trust Co., and by extension to all interest,dividends, and rents derived from the property. The Court did not rule that income from labor was a direct tax, so...
The only alternative funding source is the Internally Generated Funds (IGF), which comes from penalties, fees, property rates and royalties. However, the Assembly usually invests the IGF in priority sectors such as health, education and road maintenance at the expense of flood management. Equipment...
Debt is sometimes thought to bring down the “agency costs of free cash flow:” if the firm must meet a constant interest burden, managers will be more constrained because less funds will be available to spend on pet projects (Jensen, 1986: 324; Stulz, 1990: 3–4). Private firms ...