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Articles 1 - 5 of 5
Full-Text Articles in Finance and Financial Management
Variational Inequalities For Marketable Pollution Permits With Technological Investment Opportunities: The Case Of Oligopolistic Markets, Anna Nagurney, Kathy Dhanda
Variational Inequalities For Marketable Pollution Permits With Technological Investment Opportunities: The Case Of Oligopolistic Markets, Anna Nagurney, Kathy Dhanda
Kathy K Dhanda
In this paper, we develop a variational inequality framework for the modeling, qualitative analysis, and computation of equilibrium patterns in multiproduct, multipollutant oligopolistic markets with marketable pollution permits along with opportunities for investment in production technology and/or emission-abatement technology. The model deals explicitly with spatial differentiation and also guarantees that the imposed environmental standards are met through the initial allocation of licenses. An algorithm is proposed, with convergence results, to compute the profitmaximized quantities of oligopolistic firms' products and the quantities of emissions, along with the equilibrium allocation of licenses and their prices, as well as the optimal investments in …
As Easy As Abc - An Introduction To Activity Based Costing, Mark E. Pickering
As Easy As Abc - An Introduction To Activity Based Costing, Mark E. Pickering
Mark E Pickering
This article is an introduction to the concepts and mechanics of Activity Based Costing and how it can be used to provide different views of the costs and profitability of organisations to support management decisions.
Risk-Based Capital, Portfolio Risk, And Bank Capital: A Simultaneous Equations Approach, Kevin T. Jacques, Peter Nigro
Risk-Based Capital, Portfolio Risk, And Bank Capital: A Simultaneous Equations Approach, Kevin T. Jacques, Peter Nigro
Kevin T Jacques
This paper examines the impact the risk-based capital standards had on bank capital and portfolio risk during the first year the risk-based standards were in effect.
To Call Of Not To Call Convertible Debt, Louis H. Ederington, Gary L. Caton, Cynthia J. Campbell
To Call Of Not To Call Convertible Debt, Louis H. Ederington, Gary L. Caton, Cynthia J. Campbell
Cynthia J. Campbell
This paper tests various theories of the decision on when to call in-the-money convertible bonds by following newly issued convertible bonds over the first ten years of their life and relating the decision to call or not call at each point to the determining characteristics implied by each theory. Our results support the yield advantage and after-tax cash flow hypotheses, as well as a variant of the safety premium hypothesis. We find no evidence to support the signaling hypothesis, and no evidence that the desire to extinguish the bondholder's option is an important element in the call decision.
Private Security Placements And Resales To The Public Under Sec Rule 144, Cynthia J. Campbell
Private Security Placements And Resales To The Public Under Sec Rule 144, Cynthia J. Campbell
Cynthia J. Campbell
This article summarizes the reasons for the popularity of using the private placement market to raise capital, and describes the composition of the private placement market in terms of the types of securities issued and the dollar amounts raised. The typical security issued is debt for an average and median amount of $51 and $24, respectively. Common equity issues are also small, with average and median amounts of $53 and $17, respectively. A description covers the types of securities actually resold into the public financial markets. Predominantly only common equity is resold to the public and the majority of that …