Journal of Financial Economics 61 (2001) 000-000 The theory and practice of corporate finance: Evidence from the field John R. Grahama, Campbell R. Harveya,b,* aFuqua School of Business, Duke University, Durham, NC 27708, USA bNational Bureau of Economic Research, Cambridge, MA 02912, USA (Received 2 August 1999; final version received 10 December 1999) Abstract We survey 392 CFOs about the cost of capital
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specified two panel regression models. Two measures of shareholders’ wealth: Return on Equity (ROE) and Earnings per Share (EPS) were taken as the dependent variables respectively. The principal explanatory variable for each of the models was Debt Ratio (DR). The results of the study conform to our a-priori expectation that there is a significant negative relationship between shareholders’ wealth and debt-equity mix of quoted companies in Nigeria. This is not unexpected considering the inactive debt
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after microwave treatment. The effect of important parameters such as leaching time, liquid/solid ratio and the ammonia concentration was investigated and the process conditions were optimized using surface response methodology (RSM) based on central composite design (CCD). The optimum condition for leaching of zinc from spent catalyst was identified to be a leaching time of 2.50 h, a liquid/solid ratio of 6 and ammonia concentration 5.37 mol/L. A maximum of 97% of zinc was recovered under the optimum
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liquidity ratios and debt ratios, the share of retained earnings to capital and liquidity ratios and the relationship between the structure of current assets and leverage. Results: A survey has been conducted on a sample of 1058 Croatian firms. There are statistically significant correlations between liquidity ratios and leverage ratios. Also, there are statistically significant correlations between leverage ratios and the structure of current assets. The relationship between liquidity ratios and
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firms, using primarily secondary data. Structural differences in working capital and the financing pattern of the sample firms are analysed and the results showed significant structural changes over the study period. The research finding revealed disproportionate increase in current asset investment in relation to sales resulting in sharp decline in working capital turnover. The analysis also revealed an increasing trend in the short-term component of working capital financing; in particular trade
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MATERIALS AND METHODS Landfill Leachate Sampling and Analysis Landfill leachate was collected from Jhiri dumpsite, Ranchi, Jharkhand, India at regular intervals for the study. Presently, the corporation dumps waste generated by the city’s household at an 11 acre area in Jhiri village (23˚24’ N and 85˚15’ E). The landfill is in operation for last 15 years and it is an open one with no liners and no provision for leachate collection and storage. Leachate gets collected at the bottom of landfill in
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relationship between capital structure and profitability of ten listed Srilankan banks over the past 8 year period from 2002 to 2009.The data has been analyzed by using descriptive statistics and correlation analysis to find out the association between the variables. Results of the analysis show that there is a negative association between capital structure and profitability except the association between debt to equity and return on equity. Further the results suggest that 89% of total assets
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AMS ACCOUNTING LLP Project Report on Audit of Matty Kitchens vikas 8/1/2014 Table of Contents Analytical Review 3 • Comparison 3 Changes in Income statement 3 Changes in Balancesheet 5 • Ratio Analysis 7 Liquidity position 7 Profitability 8 Leverage 8 Asset Management 8 Audit Risk assessment and Audit Approach 9 • Going concern risk 9 • Revenue 10 • Expenses 11 • Inventory 11 • Account Receivables – valuation and existence 13 • Goodwill 13 • Account
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International Research Journal of Finance and Economics ISSN 1450-2887 Issue 47 (2010) © EuroJournals Publishing, Inc. 2010 http://www.eurojournals.com/finance.htm Working Capital Management and Corporate Performance of Manufacturing Sector in Pakistan Abdul Raheman PhD Scholar, Department of Management Sciences, COMSATS Islamabad & Asst. Professor, University Institute of Management Sciences PMAS-Arid Agri. University Rawalpindi E-mail: abdulrehman@uaar.edu.pk Talat Afza Professor
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Oshkosh, WI, USA Received 30 June 2001; accepted 20 April 2002 Abstract Using a unique dataset, this study examines the relationship between foreign-denominated debt (FDD), foreign currency exposure and foreign currency derivative (FCD) use, for a sample of US multinational corporations. We find a positive relationship between the exposure to foreign currency risk and the level of FDD, indicating that this debt may be used as a hedge. Moreover, FDD is negatively related to the use of FCD. We interpret
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