NBER WORKING PAPER SERIES DO SHAREHOLDERS OF ACQUIRING FIRMS GAIN FROM ACQUISITIONS? Sara B. Moeller Frederik P. Schlingemann René M. Stulz Working Paper 9523 http://www.nber.org/papers/w9523 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 February 2003 We are grateful to Harry DeAngelo and Ralph Walkling for useful comments. The views expressed herein are those of the author and not necessarily those of the National Bureau of Economic Research. ©2003 by Sara
Premium Cash flow Investment Stock market
certain uses such as a purchase of a building that are not reported on the income statement. The statement of cash flows utilizes the information from the income statement and balance sheet to determine how much cash the firm has generated and how that cash has been allocated during a set period. 2. Shareholder wealth maximization is better objective than maximizing earnings for one‚ the total profits are not as important as earnings per share. A firm can always raise total profits by issuing stick
Premium Stock Stock market Cash flow
Report on The System of Education in India Nordic Recognition Information Centres 1 October 2006 THE SYSTEM OF EDUCATION IN INDIA Introduction ......................................................................................................... 3 Background to the Study Tour ............................................................................................... 3 Report Structure .........................................................................................
Premium Higher education Secondary education Primary education
1 The Stock Market in India: Its Growth and Prospects. by Subid Chakraborty St. Xavier’s College‚ Kolkata (Autonomous) Email: subid_06@yahoo.co.in Rachit Agarwal St. Xavier’s College‚ Kolkata (Autonomous) Email: rachit_agarwal4u@yahoo.co.in Hemangi Desai St. Xavier’s College‚ Kolkata (Autonomous) Email: hemangi221@gmail.com Nilesh Agarwal St. Xavier’s College‚ Kolkata (Autonomous) Email: nilesh_airan@hotmail.com Acknowledgement: We are grateful to the faculty of the Department of Economics‚ St
Premium Stock market Stock exchange Stock
Treasury stock is when a corporation ’s issued stock has been bought back from the stockholders. Since a corporation cannot be its own shareholder‚ when the corporation purchases shares‚ those shares are NOT considered assets of the corporation. If we assume the corporation plans to re-issue the share‚ then those shares are held in the treasury and reported as a deduction in stockholders ’ equity. This is reflected in the balance sheet. Those with shares of treasury stock not only give up the
Premium Stock market Generally Accepted Accounting Principles Asset
Higher Education In the time I have spent in higher education‚ I have noticed that educators generally encounter three categories of students. The first category‚ about 10 percent of the student population will always succeed because they have the attitude that failure is not an option. The second group‚ another 10 percent of the population‚ will inevitably fail‚ lacking the personal motivation and drive necessary to reach educational goals. Approximately 80 percent of students make up category
Premium Higher education Academic degree
The Philippine Stock Exchange‚ Inc. ("PSE" or the "Exchange") is a private organization that provides and ensures a fair‚ efficient‚ transparent and orderly market for the buying and selling of securities. PSE traces its roots from the country’s two former bourses: the Manila Stock Exchange ("MSE") and the Makati Stock Exchange ("MkSE"). Founded in March 1927‚ the MSE was the first stock exchange in the Philippines and one of the oldest in Asia. Originally housed in downtown Manila‚ the MSE moved
Premium Finance Stock market Investment
Risk and Return Analysis Paper FIN 402 Risk and Return Analysis Paper Creating the right balance of securities in a diversified portfolio is crucial to maximizing return and minimize risk. This can be done through analysis of current and past activity of each product. Through a risk assessment‚ return analysis‚ researching the beta of each security‚ and reviewing the average risk and return‚ we can determine the weights of our securities and devise the strongest portfolio to limit risk and
Premium Investment Risk Macroeconomics
in Africa suffering. Micro loans are supposed to help women in Africa and help with get the things they need. To take care of the family‚ by the things they need support themselves and others. Microloans help women in Africa that are suffering do all these things to survive. Woman getting this money to help support their family is helping them live‚ since the money they make is barely supporting themselves. But the real question is‚ could microloans be hurting these women. This is because micro
Premium Poverty Africa Economics
newly launched Dow Jones Industrial Average. Trading under the ticker symbol GE‚ General Electric is the only company from the original twelve stocks traded on the DJIA that is still listed on the index today. Currently‚ Jeffery Immelt serves as CEO for the Fortune #6 large cap conglomerate. Focusing on finance and technology‚ GE provides a vast array of products and services ranging from aircraft engines to consumer financing. Additionally‚ the company holds a 49% stake in NBC Universal (CNBC). As
Premium Dow Jones Industrial Average Thomas Edison General Electric