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Valuing the process of corporate restructuring

Boone, Audra L.; Mulherin, John Harold - 2001

We study the process of corporate restructuring for a sample of 298 firms during the 1989-98 period that announce that they are considering restructuring alternatives. We find that restructuring is a lengthy process, with the majority of the restructuring period occurring prior to any definitive...

Persistent link: https://www.econbiz.de/10011569361

City Union Bank : residual income approach to valuation

Sriram, M. - In: Vision : the journal of business perspective 24 (2020) 3, pp. 371-375

Persistent link: https://www.econbiz.de/10012287455

Firm, Equity Asset, and Fixed Income Securities Valuation : Practical Examples and Case Studies for Accounting and Financial Analyst Students

Moyo, Vusani - 2024

Chapter 1: Introduction -- Chapter 2: The Basics Of Time Value Of Money -- Chapter 3: Valuation Of Cash Flows …, Annuities And Perpetuities -- Chapter 4: Sources And Cost Of Long-Term Capital -- Chapter 5: Valuation Of Fixed Income … Securities -- Chapter 6: Valuation Of Equities -- Chapter 7: Firm And Equity Valuation Using Free Cash Flow Models -- Chapter 8 …

Persistent link: https://www.econbiz.de/10015047882

Calibrating Innovation Proxies with an Accurate Tobin’s Q and Appraised Innovation Value

Potepa, James; Welch, Kyle - 2018

Researchers have used patent counts, citation weighted patent counts, as well as research and development spending to measure innovation with, at times, conflicting results. We benchmark the validity of these innovation proxies using a novel data set of appraised tangible and intangible assets....

Persistent link: https://www.econbiz.de/10014120625

Detecting Earnings Management in Bank Merger Targets Using the Modified Jones Model

Meisel, Scott I. - 2012

The purpose of this study is to examine whether merged banks are engaged in earnings management just prior to the merger. I use the Modified Jones model for the empirical tests. Other studies have used the Modified Jones model on multi-industry manufacturing samples. Two other studies (Key 1997;...

Persistent link: https://www.econbiz.de/10013099140

Quality of Internal Audit Functions : The Development of Quantitative Measurement Scales

kasim, Mohd Ariff - 2012

The primary objective of this study is to construct a valid and reliable instrument to quantitatively measure the quality of internal audit function via level of conformance by internal auditors towards the International Professional Practice Framework (IPPF). Two separate pilot tests were...

Persistent link: https://www.econbiz.de/10013107443

Credit Ratings and CEO Risk-taking Incentives

Kuang, Yu Flora - 2017

This study examines the sophistication of rating agencies in incorporating managerial risk-taking incentives into their credit risk evaluation. We measure risk-taking incentives using two proxies: the sensitivity of managerial wealth to stock return volatility (vega) and the sensitivity of...

Persistent link: https://www.econbiz.de/10012975010

The Corporate Compliance Function - Effects on Equity and Credit Risk

Bannier, Christina E. - 2020

Does corporate compliance help to reduce firm risk? We explore this question by examining the reported compliance activities of 150 publicly listed German firms over the years 2014 to 2018. We build a summary score that accounts for 24 clearly identifiable compliance elements and find that...

Persistent link: https://www.econbiz.de/10012849363

Passive Ownership and Earnings Manipulation

Baig, Ahmed - 2020

We examine the relation between passive ownership and financial reporting quality measured by Beneish's (1999) earnings' manipulation score (M-score). We find that passive ownership is negatively related to M-score and to the likelihood of being designated as a “manipulator” firm. However,...

Persistent link: https://www.econbiz.de/10012853107

Applying Utilitarian Ethics and Rights Theory to the Regulation of Insider Trading in Transition Economies

McGee, Robert W. - 2014

The press has given the public the impression that insider trading is evil, unethical and illegal, when in fact such is not always the case. In some cases, insider trading is beneficial to the economy and to shareholders. Whether insider trading is harmful, unethical or illegal depends on many...

Persistent link: https://www.econbiz.de/10014146895