liquidity and firm performance. The study shows that firms with liquid stocks have better performance as measured by the firm market-to-book ratio. This result is robust to the inclusion of industry or firm fixed effects, a control for idiosyncratic risk, a control for endogenous liquidity using two-stage least squares, and the use of alternative measures of liquidity. To identify the causal effect of liquidity on firm performance, we study an exogenous shock to liquidity—the decimalization of stock
Words: 17458 - Pages: 70
COMMERCIAL INVESTMENT PROPERTY: VA L U AT I O N METHODS An Information Paper ACKNOWLEDGEMNTS: The Publisher would like to express its thanks to Estates Gazette, the South Bank University and Jones Lang Wooten for permission to reproduce definitions taken from The Glossary of Property Terms (Estated Gazette, 1989). Please note: References to the masculine include, where appropriate, the feminine. Published by RICS Business Services Limited, a wholly owned subsidiary of The Royal
Words: 13960 - Pages: 56
organizational system, including users, policies, functions, objectives,... ü Problems with the present system (inconsistencies, inadequacies in functionality, performance,..., ü Objectives and other requirements for the new system (what needs to change?) ü Constraints, including nonfunctional requirements on the system (preliminary pass) ü Possible alternatives (the current system is always one of those) ü Advantages and disadvantages of the alternatives Things to conclude: Feasibility of the project and the
Words: 3859 - Pages: 16
B10048 Business Management (2010-12) XLRI School of Business and Human Resources Organizational Behavior Grouping 1. Introduction A group can be broadly defined as a collection of two or more individuals, who have come together for a common purpose. Generally, the common purpose is apparent as is the case with trade unions- which are formed with the purpose of upholding the interests of the labor force, or
Words: 2765 - Pages: 12
by the industrialization policies adopted in these countries. Protection, regulatory constraint, investment incentives, credit control, and the promotion of industry in the public sector have all discriminated against the small. The common idea that the cost of capital is very high for small enterprises is overly simple (Little, 1987). From A research of World Bank suggests the existence of financial constraint because formal banks do not lend to the smallest firms in most countries. It has also
Words: 5496 - Pages: 22
Reforms, Revenue Potential, structural and administrative deficiencies, and alleviating measures Discussions on personal and corporate income tax systems have been covered in this study, but not discussed in detail in in this presentation due to time constraint. Finally the presentation assess the scope for further reforms that the authorities may consider in order to gain more buoyancy in revenue generation POLICY RESEARCH INSTITUTE OF BANGLADESH 01 Introduction: Salient Features of
Words: 7346 - Pages: 30
Primary and Secondary. B. Level; e.g. Strategic, Tactical and Operational. C. Time; e.g. Historical, Present and Future. D. Frequency; e.g. Daily, Monthly and Continuous (Real-time) E. Form; e.g. Written, Visual and Oral. DATA AND INFORMATION DEFINED 1. DATA : a. Raw facts b. Unprocessed facts c. Unorganised facts Definition: Data; Are recorded bits and pieces of facts related to a given transaction Working Definition; Data; Are bits and pieces of facts about a given business
Words: 8093 - Pages: 33
Journal of Electronic Commerce Research, VOL. 5, NO.4, 2004 USING E-CASH IN THE NEW ECONOMY: AN ECONOMIC ANALYSIS OF MICROPAYMENT SYSTEMS Michelle Baddeley Gonville & Caius College and Faculty of Economics and Politics, Cambridge, UK mb150@cam.ac.uk ABSTRACT The growth of electronic commerce is dependent upon the emergence of effective electronic payment systems. Whilst payments for large purchases can be made relatively easily using credit/debit cards, small-scale electronic commerce
Words: 11078 - Pages: 45
I. INTRODUCTION This IDoc describes use of the Unified Modeling Language (UML) to model and document Accounting Information Systems (AIS). The objective of modeling AIS is multifaceted and can be to: visualize, understand, summarize, detail, analyze, design, develop, implement, operate, secure, control, or audit the AIS. UML is a powerful modeling language and technique for all of these modeling tasks and is more robust and semantically superior to the commonly used Structured Analysis (SA) modeling
Words: 9812 - Pages: 40
Supply Chain Challenges for Food Processing Industry. By – Bhupinder Singh. Dated 5th Dec. 2009. Vista Foods – Mumbai An Group Company Vista Foods – Mumbai – India an OSI Group company. OSI Group is strategically organized into three defined Zones – The Americas Zone. The Europe Zone. The Asia /Pacific Zone. Over all OSI Group is in 26 Countries. Serving McDonald’s Worldwide and other international retails label pack. “Be ready to accept a new idea. Innovation is the lifeblood of growth
Words: 2092 - Pages: 9
