ANALYST COVERAGE AND THE COST OF RAISING EQUITY CAPITAL EVIDENCE FROM UNDERPRICING OF SEASONED EQUIT...

... the reduction of cost of equity Nevertheless, I find evidence that the relation between income smoothing and cost of equity also depends heavily on specific measures of cost of equity, particularly... study of Francis, LaFond, Olsson and Schipper (2004) and examine the effect of income smoothing[r]

Global capitalism, vintage early 21st century, favors more the movement of goods
and capital across national borders than the movement of people. This was not always
this way. The first wave of globalization of the second half of the 19th century and early
20th century came along with massive intern[r]

What are the outcomes for the poor of Vietnam’s public safety net? Although
centrally mandated, social welfare programs are locally implemented according to local
norms and local poverty standards, and are often heavily reliant on local financing. This
paper examines the coverage, incidence and hori[r]

Abstract
The transmission of monetary policy is the center of economic studies, this field was
renewed in light of the 2008 global financial crisis with arguments about the
effectiveness and the determinants of transmission channels especially in emerging
markets such as Vietnam which may have[r]

The Certification Tool: A Quality Assurance Mechanism and a Potential
Way to Improve Learning
Over the last decade, many developing countries have embarked on large educational
reforms aimed at rapidly expanding the supply of education, achieving equity
in the provision of education, and significant[r]

How does access to finance impact consumption volatility? Theory and evidence from
advanced economies suggests that greater household access to finance smooths consumption.
Evidence from emerging markets, where consumption is usually more volatile
than income, indicates that financial reform further[r]

... permission of the copyright owner Further reproduction prohibited without permission Information Content and Policy Implications of Stock Splits: New Evidence from the Saudi Arabian Capital Market. .. consisting of the minister of finance and national economy, the minister of commerce and indus[r]

In universal banking, large banks operate extensive producing new goods in new ways on an unprecedented
networks of branches, provide many different services, scale. Firms needed quick access to heavy financing from
hold several claims on firms (including equity and debt), sources whose information[r]

No thoughtful observer can fail to be struck by the size and potential
welfare significance of the legal reforms and other institutional
changes that are required to transform a control economy into a
market economy. The stakes are particularly high when it is an economy
in which the bulk of the pop[r]

(BQ) Part 2 book Business finance Theory and practice has contents The secondary capital market (the stock exchange) and its efficiency; cost of capital estimations and the discount rate, the dividend decision, management of working capital, international aspects of business finance,...and other co[r]

capital and stakeholder structure of company. In order to finance companies’activities, they can choose either internal sources or external sources of funding.While the former mainly refer to profit or retained earnings, the latter mention theconcept of