JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS Vol. 46‚ No. 4‚ Aug. 2011‚ pp. 967–999 COPYRIGHT 2011‚ MICHAEL G. FOSTER SCHOOL OF BUSINESS‚ UNIVERSITY OF WASHINGTON‚ SEATTLE‚ WA 98195 doi:10.1017/S0022109011000275 The Effects of Derivatives on Firm Risk and Value Sohnke M. Bartram‚ Gregory W. Brown‚ and Jennifer Conrad ∗ ¨ Abstract Using a large sample of nonfinancial firms from 47 countries‚ we examine the effect of derivative use on firm risk and value. We control for endogeneity
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Westpoint Financial Westpoint Financial Group is a comprehensive financial services firm. They are the Indiana office for a company called Mass Mutual. Westpoint Financial offers clients financial services‚ life insurance‚ and retirement services. The position that Westpoint Financial is offering is Financial Advisor. Responsibilities include: Developing and maintaining long-term relationships with clients‚ active listening‚ gathering facts‚ analyzing total needs and making responsible financial
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Financial management is a complex matter‚ particularly as your income and assets grow. While some folks swear by their financial advisors‚ others claim that they are an unnecessary expense. For those who lack the time or ability for proper management‚ these professionals are worth the financial advisor costs. What Are Financial Advisors? In order to understand the fee structures of a financial advisor‚ you first need to know what services are offered by these firms. While an investment manager
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after few years of education and training about financial management and the reality behind it when working in the finance industry. Also‚ it talks about Financial Markets‚ discussing what these are‚ how it works‚ those different types of investment vehicles that may fit to our interests as a future investors‚ and giving us idea what strategy can we apply in order to maximize returns while minimizing risks. It also discusses points how important financial markets are in our economy as a whole. And the
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Gearing According to Atrill and McLaney (2008)‚ gearing can work on both directions‚ which means a higher gearing can bring more profit while a company with higher gearing is considered more risky because it has to pay the debts no matter how well/bad the company operates. The gearing of Greggs was 14.9% in 2010 and decreased 1.9% to 13.0% in 2011. Compared with Whitbread whose gearing was49.4%in 2010 and 50.4% in 2011‚ Greggs shows generally a better stability. Profitability ROCE shows how
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WWE‚ a publicly traded company (NYSE: WWE)‚ is an integrated media organization and recognized leader in global entertainment. The company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family friendly entertainment on its television programming‚ pay-per-view‚ digital media and publishing platforms. WWE programming is broadcast in more than 145 countries and 30 languages and reaches more than 600 million
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Financial Analysis: [pic] Submitted To: Dr. Masud Rahman Submitted By: Nogmaye Habiba ID # 073293060 Mehrin Afroze Chowdhury ID # 072 475 060 M. Rubbyat Akram ID # 063085060 Submission Date: 12th April‚ 2009 [pic] April 12‚ 2009 To‚ Dr. Masud Rahman Professor‚ MBA Program North South University Dear Sir‚
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Wal-Mart Financial Paper According to Fortune 500 (2008)‚ Wal-Mart CEO‚ Lee Scott dramatically cut prices on 15‚000 items because of the brutal fourth-quarter retail forecasts. He cut the prices a staggering 20 percent to lure in shoppers for the holidays. By doing so‚ Wal-Mart pressured other retailers in the industry to pinch already tight margins. Fortunately for Wal-Mart‚ the method worked. Wal-Mart grossed $100 billion‚ breaking its fourth-quarter sales record. Wal-Mart also beat a large
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Chapter 5: Essentials of Financial Statement Analysis Evaluating accounting “quality” How do we define financial reporting quality? Qualitative characteristics of accounting Information: Understandability Decision usefulness Reliability Relevance Consistency Comparability 1 Attributes of High Quality Financial Reporting Financial reporting (earnings) quality has been considered positively associated with the following: High persistence of earnings and cash flows
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INTRODUCTION The Coca-Cola Company is the world largest beverage company. Along with Coca-Cola‚ recognized as the world’s most valuable brand‚ the company markets four of the world’s top 5 non-alcoholic sparkling brands‚ including Diet Coke‚ Fanta‚ and Sprite. Consumers in more than 200 countries are enjoying the company’s beverages at a rate exceeding 1.4 billion servings each day. The Coca-Cola Company engages in the manufacture‚ distribution‚ and marketing of nonalcoholic beverage concentrates
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