American Finance Association Why Do Companies Go Public? An Empirical Analysis Author(s): Marco Pagano, Fabio Panetta, Luigi Zingales Source: The Journal of Finance, Vol. 53, No. 1 (Feb., 1998), pp. 27-64 Published by: Blackwell Publishing for the American Finance Association Stable URL: http://www.jstor.org/stable/117434 . Accessed: 24/08/2011 01:33 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms
Words: 19654 - Pages: 79
1988 paper. They used the same sample used in research done by Fazzari, Hubbard, and Petersen (FHP, 1988). But they only took the firms from Class 1 in FHP research which is manufacturing firms and classified as low dividend firms with dividend payout ratio with value below 10%, where they believe to be firms with an abnormally high investment-cash flow sensitivity (Kaplan & Zingales, 1997). The reasons why Kaplan and Zingales chose Class 1 firms as their sample are because of the strong connection
Words: 1081 - Pages: 5
molecules of crystallization present in hydrated Magnesium Sulphate (MgSO4.xH2O) Apparatus: Mass balance, test tube, test tube holder, heat-proof mat and bunsen burner. Reagents: Hydrated sodium carbonate. Theory: Chemical decomposition, analysis or breakdown is the separation of a chemical compound into elements or simple compounds. A more specific type of decomposition is thermal decomposition or thermolysis, which is caused by heat. ABA+B, the reaction is endothermic, since heat is required
Words: 2572 - Pages: 11
9-2 Sampling risk is the possibility that the auditors will make an erroneous decision based on a sample result. To control sampling risk the auditors increase the size of their samples. Nonsampling risk is the risk of erroneous conclusions by the auditors based on any factor other then sampling. For example, the auditors may perform inappropriate tests, or they may not recognize errors in the sample items examined. Nonsampling risk may be controlled by adequate planning and supervision of engagements
Words: 9134 - Pages: 37
ACC/543 Sample Questions for Midterm and Final Examinations The sample exam below is a representation of the Midterm and Final Examinations your students will take in Weeks Three and Six of this course. As in the sample exam below, the Midterm and Final Examinations will include questions that assess the course objectives. Although the sample exam contains one question per objective, the Midterm and Final Examinations will contain three questions per course objective. Refer to the questions in
Words: 2448 - Pages: 10
2008 CFA Level 1 － Mock Exam 1 （AM）模考试题 Q1-5 Question 1 Accepting an incentive offered by a client to a portfolio manager, such as a free vacation or a cash bonus, to reward good performance in a future period is: A) a violation of the Standards. B) not a violation of the Standards as long as client confidentiality is maintained. C) a violation of the Standards unless the manager gets written consent from her employer. D) not a violation of the Standards as long as the manager
Words: 9440 - Pages: 38
An evaluation of the relationship between capitalisation and bank profitability BY SINDISO SIBANDA DEDICATIONS This project is a special dedication to my wife Esinathi Sibanda; daughters Faith and Cindy Sibanda my brother Leonard, my sister Nyembezi and my parents for their unwavering support in my studies. ACKNOWLEDGEMENTS First and foremost, I desire to convey my sincere gratitude to Mr. T Chigamba, my research project
Words: 14030 - Pages: 57
14. Data analysis and interpretation Concepts and techniques for managing, editing, analyzing and interpreting data from epidemiologic studies. Key concepts/expectations This chapter contains a great deal of material and goes beyond what you are expected to learn for this course (i.e., for examination questions). However, statistical issues pervade epidemiologic studies, and you may find some of the material that follows of use as you read the literature. So if you find that you are getting
Words: 11927 - Pages: 48
theoretical and practical knowledge. As the classroom discussion alone cannot make a student perfect in handling the real situation, it is an opportunity for the students to know the real life situation through this program. The report on “Performance Analysis of Grameen Bank (GB), BRAC and ASA as MFI.” is prepared by Md. Jasim Uddin under the supervision and guidance of Muhammad Mujibul Kabir, Professor, Department of Finance, University of Dhaka and shubashish Barua, researcher, InM to meet the requirement
Words: 23066 - Pages: 93
.........................16 5. Analysis of a company’s financial position/standing...............................................17 1. Analysis of financial statements...................................................................17 2. Preliminary balance sheet analysis...............................................................19 3. Preliminary analysis of profit and loss account............................................22 4. Ratio
Words: 11087 - Pages: 45
