Finance journal homepage: www.elsevier.com/locate/jbf The impact of bond rating changes on corporate bond prices: New evidence from the over-the-counter market Anthony D. May * Price College of Business‚ University of Oklahoma‚ 307 West Brooks‚ Norman‚ OK 73019‚ USA a r t i c l e i n f o a b s t r a c t I study the information content of bond ratings changes using daily corporate bond data from TRACE. Abnormal bond returns over a two-day event window that includes the downgrade (upgrade)
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The Middle East‚ Byzantium‚ and East Asia There were many similarities and differences between Byzantium and the Middle East and East Asia. Both regions were based on religions that were founded by prophets‚ but Byzantium and the Middle East had religions that were monotheistic‚ and East Asia did not. They also differed in the fact that the Middle East and Byzantium focused on academic development‚ and East Asia focused on military development‚ but were similar because both developed new ways to
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UNIVERSITY OF CAPE COAST FACTORS AFFECTING JOB SATISFACTION AND TEACHER MORALE IN SENIOR HIGH SCHOOLS IN THE DANGBE WEST DISTRICT OF THE GREATER ACCRA REGION VICTORIA YEBOAH 2011 UNIVERSITY OF CAPE COAST FACTORS AFFECTING JOB SATISFACTION AND TEACHER MORALE IN SENIOR HIGH SCHOOLS IN THE DANGBE WEST DISTRICT OF THE GREATER ACCRA REGION BY VICTORIA YEBOAH Dissertation Submitted to the Institute for Educational Planning and Administration of the Faculty of Education
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Overview The expansion of a company takes not only takes leadership‚ but dedication and passion. QSR magazine’s article Over the Hill: 40 Years of SBUX highlights how a small company from Seattle expanded to the international company it is today. The writing discusses the journey of Starbucks’ early ages and the company’s current Chairman and CEO‚ Howard Schultz. The company was founded in 1971 by Gerald Baldwin‚ Gordon Bowker‚ and Zev Siegl with an initial investment of only $9000‚ with Schultz
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Debt versus Equity Financing Paper ACC/400 Debt versus Equity Financing Equity along with debt financing‚ are types of financing. The financial strength should be every organization’s main concern when looking for capital. The more capital the organization has invested in its business the easier it is to obtain financing. An organization should increase stockholder capital for additional capital‚ if it has a high portion of debt to equity‚ so that it
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Running head: Long-Term Financing Long-Term Financing University of Phoenix Online Introduction to Finance and Accounting MMPBL-503 James R. Sullivan November 3‚ 2008 Long-Term Financing An established company is considering expanding its operations‚ and to achieve their business objectives‚ the company will require additional long-term capital financing. Long-term financing involves debt or equity instruments with greater than one-year maturities‚ and the cost of this long-term capital
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FINS 5535 Computer Assignment For this assignment‚ you may work in groups of up to four. The due date for the assignment is Friday‚ 1 June‚ 2012 by 6:00pm. You may hand in the assignment at the Banking and Finance assignment boxes on the ground floor of the Australian School of Business building. To find the assignment boxes‚ go to the west elevator (further from the bookstore‚ closer to the Roundhouse)‚ and go straight out the back through the glass doors (left of the elevator). On the left-hand
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The Theory and Practice of Insurance Sovereign Catastrophe Risk Financing Limitations of Traditional Insurance and the Potential of Alternative Risk Transfer Solutions Supervised by: Prof. Christopher L. Culp Authors: Martin Reinhard ID- No: 05-723-648 martinreinhard@gmx.ch Aicha Khuder ID- No: 11-106-937 aicha_khuder@yahoo.de Susanna Kullenberg ID- No: 11-111-499 susanna.kullenberg@gmail.com Bern‚ February 27th 2012 Table of Content Abstract ...................................
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Strategy o An aggressive financing strategy implies a firm will finance part of its permanent assets and all its current assets using short-term funds. This is in contrast to matching or conservative financing. Matching uses long-term funds to finance permanent current assets and short-term funds to finance temporary‚ current assets. A conservative financing strategy puts all the permanent and some of the temporary assets in long-term‚ stable funds. Benefits o An aggressive financing policy gives a company
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client is open and understood. There are many different methods that can be used by the interpreter to ensure they do an outstanding job in relaying both messages to each party in need of an interpreter. One way to ensure this is expansion. There are several expansion techniques used by an interpreter to convey the meaning of the hearing person such as; contrasting‚ faceting‚ reiteration‚ explaining by example‚ using 3-D space‚ scaffolding and describe‚ then do. Contrasting technique is used
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