the end distribution is fair. The Capabilities Approach is also concerned with process but in the sense of opportunity; it calls for whatever level of intervention will ensure the greatest breadth (and, under Sen’s version, equality) of opportunities for all. Finally, each theory assumes some ...
Residual equity theory assumescommon shareholdersto be the real owners of a business. It follows that accountants and corporate managers must also adopt the perspective of shareholders. Under this theory,preferred stockis a liability for common shareholders rather than part of the firm's equity. Afte...
Financial theory assumes that higher risk is compensated on average by higher returns. However, the outperformance of low-volatility stocks during the last 50 years has been among the most puzzling anomalies in equity markets. At the same time, low-risk investing has recently gained a remarkable ...
The theory assumes that managers m... BM Lambrecht,SC Myers - 《Journal of Financial Economics》 被引量: 269发表: 2008年 Stock options and capital structure pecking order theoryconvexity and riskWe show that value-maximizing CEOs compensated with stock options prefer debt to equity. Our pecking...
Another approach looks at the price-to-earnings (P/E) ratio and its reciprocal, theearnings yieldwhich is earnings per share divided by stock price. The idea is that the market's expected long-run real return is equal to the current earnings yield. This theory says that the expected return...
Essay Sample: The study carried by J, Stacy Adams called the ‘Equity theory’ also gave his viewpoint and research related to the process motivation theories concerning
We present a theory of capital investment and debt and equity financing in a real-options model of a public corporation. The theory assumes that managers m... BM Lambrecht,SC Myers - 《Journal of Financial Economics》 被引量: 269发表: 2008年 Redefining Financial Constraints: A Text-Based Ana...
In Readings in the theory of growth (pp. 131–149). Palgrave Macmillan. Cambridge Associates, LLC. (2016a). U.S. Venture capital index and selected benchmark statistics. Boston, MA. Cambridge Associates, LLC. (2016b). Buyout and growth equity index and selected benchmark statistics. ...
Economically, the theory is that you want to determine how much income the company is earning from each dollar of equity invested in the firm, and by using only the beginning and ending equity, the investor misses anything that may have happened in the middle of the fiscal year.A quick ...
PH distributions originate from queueing theory and the work of A.K. Erlang, A. Jensen and M.F. Neuts. However, in recent decades, they have found numerous applications to different areas. The main reason for this is that many calculations that are explicit for exponential distributions are ...