Section E of theFinancial Managementstudy guidecontains several references to the Capital Asset Pricing Model (CAPM). This article is the final one in a series of three, and looks at the theory, advantages, and disadvantages of the CAPM. The first article in the ser...
aTheory provides conflicting predictions about the impact of financial development on the distribution of income and the incomes of the poor. Some models imply that financial development enhances growth and reduces inequality. Financial imperfections, such as information and transactions costs, may be esp...
4.3. The costs of financial distress The third reason is perhaps the most compelling of the four. Firms may also be concerned about volatility of earnings because low realizations lead to bankruptcy. When bankruptcy is costly the firm will try to avoid it and so will behave as if it had a...
Firms are concerned about financial flexibility and credit ratings when issuing debt, and earnings per share dilution and recent stock price appreciation when issuing equity. We find some support for the pecking-order and trade-off capital structure hypotheses but little evidence that executives are ...
Öberseder M, Schlegelmilch BB, Gruber V (2011) “Why don’t consumers care about CSR?”: a qualitative study exploring the role of CSR in consumption decisions. J Bus Ethics 104:449–460 OECD (1999) OECD principles of corporate governance. OECD, Paris ...
Concerns about preserving autonomy are the greatest in the literature, along with issues surrounding beneficence, justice, independence, and privacy (Ienca et al. 2018). 2.3.2 Team composition, design mindset, and practices The decisions that underpin IoT development have primarily been driven by ...
D0 = the time 0 dividend (ie the dividend that has either just been paid or which is about to be paid) re = the rate of return of equity (ie the cost of equity) g = the future annual dividend growth rate. Note the following carefully: P0 is the ex div market value. The formula...
General medical practitioners' knowledge and beliefs about osteoporosis and its investigation and management Summary This qualitative study explored beliefs and attitudes regarding osteoporosis and its management. General medical practitioners (GPs) were ambivalen... R Otmar,SD Reventlow,GC Nicholson,... ...
The analysis of the standard EOQ problem from a financial perspective is proposed. The case of mixed financing (equity and debt) is considered and the results are compared with those stemming from the Average cost approach. It is shown that no prediction about the result can be made. We ...
On the other hand, Keynes, who was writing while the world was mired in a long-standing period of deep economic depression, was not as optimistic about the natural equilibrium of the market. He believed that the government was in a better position than market forces when it came to creating...