equity ownership structure “matter” and the way in which they matter differs between firms with many and firms with few positive net present value project (McConnel and Servaes, 1995). Leland and Pyle (1977) propose that managers will take debt equity ratio as a signal, by the fact that high leverage implies higher bankruptcy risk (and costs) for low quality firms. Since managers always have information advantage over the outsiders, the debt structure may be considered as a signal to the market. Ross’s
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FINANCE PORTFOLIO ANALYSIS FINAL WORK DESCRIPTIVE ANALYSIS AND APPLICATION OF THE PORTFOLIO THEORY Abstract The main objective of the work is to construct, through application of the Portfolio theory, an efficient frontier which represents a set of portfolios with optimum risk-return ratio for ten companies from Mexican IPC. The sample used in this work is composed of the most representative companies in this index. A descriptive analysis of the behavior of the stocks included
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Discriminant Function Analysis undertakes the same task as multiple linear regression by predicting an outcome. However, multiple linear regression is limited to cases where the dependent variable an interval variable. Discriminant analysis is a technique for analyzing data when the criterion or dependent variable is categorical and the predictor or independent variables are interval in nature. In many cases dependent variable consist of two or more groups or classification like male, female;
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outlines and defines the research methods involved in the study. The chapter considers the design of the study, sampling design, questionnaire design, reliability check and pilot testing, hypothesis to be tested and finally, data collection and data analysis tools and techniques are mentioned. Design of the Study The research study will utilize exploratory research at the beginning and further in order to test the Hypothesis, it will follow descriptive research design. A pilot study will be
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banks both Indian as well as foreign banks and increase competition among the commercial banks in India. Between the years 1991-97 there ware a greater inflow of 21 foreign banks and 9 private banks in the Indian banking. In 1998 the Cash Reserve Ratio (CRR) was raised to 9% (effective as March 2000) with government securities given a 2.5% risk weight to begin reflecting interest rate risk. On-site supervision of banks was introduced in 1995, and CAMELS system of annual supervision was introduced
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heated ambient air for the temperature range 80–120°C and air flow velocity range 0.25–0.65 m/s. The data of sample weight, dry- and wet-bulb temperatures and air velocity of the drying air were recorded continuously during each test. The drying data were then fitted to the different semi-theoretical models such as Lewis, Page, modified Page, two-term and Henderson and Pabis models, based on the ratios of the difference between the initial and final moisture contents and the equilibrium moisture content. The
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THE JOURNAL OF FINANCE • VOL. LV, NO. 6 • DEC. 2000 Hostility in Takeovers: In the Eyes of the Beholder? G. WILLIAM SCHWERT* ABSTRACT This paper examines whether hostile takeovers can be distinguished from friendly takeovers, empirically, based on accounting and stock performance data. Much has been made of this distinction in both the popular and the academic literature, where gains from hostile takeovers result from replacing incumbent managers and gains from friendly takeovers result from
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Better management skill was associated with fewer patient falls and fewer work-related injuries to staff. In addition, fewer occurrences of staff injuries were associated with better nurse-physician relationship and lower patient-to-nurse staffing ratios. Conclusions: Adverse events are frequent for inpatient psychiatric care in general hospitals, and organizational factors of care environments are associated with adverse event
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WAY ANOVA One-way analysis of variance (abbreviated one-way ANOVA) is a technique used to compare means of two or more samples (using the F distribution). This technique can be used only for numerical data. The ANOVA tests the null hypothesis that samples in two or more groups are drawn from populations with the same mean values. To do this, two estimates are made of the population variance. These estimates rely on various assumptions. The ANOVA produces an F-statistic, the ratio of the variance
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Dave’s Crash Course in Statistics using SPSS 1.0 Classifying the different types of data There are four types of variables: nominal, ordinal, interval and ratio. Distinguishing between these types of variables is important, as several statistical tools may only be used for certain types of data. Nominal variables: where values are assigned to categories in no particular order. This assignment of values is arbitrary and holds no particular meaning or order to them. For example, “sex”
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