Corporate Finance Commons^™

Managing The Relative Volumes Of Participating And Nonparticipating Business In A Mutual Life Company, Robert G. Chadburn

Journal of Actuarial Practice (1993–2006)

Management decisions of a mutual life company involving the amounts and relative proportions of participating (with profits) and nonparticipating (without profits) business and the level of expenses are examined in relation to their effect on participating policyholders' returns. A particular expense ratio is defined that plays a key role in a framework for making such decisions. The sensitivity of participating policy returns to changes in each factor are analyzed. Companies with expense ratios (as defined) of less than 2 are shown to prefer a different strategy from companies with higher ratios. There is an incomplete tendency for the ratio to …

Life Insurance Applications Of Recursive Formulas, Timothy L. Giles

Journal of Actuarial Practice (1993–2006)

This paper discusses several practical applications of recursive formulas:

a) Traditional whole life-As an introduction, the well-known relationship between successive terminal reserves is reviewed. Recursive formulas are developed to calculate the reserves and the premiums;

b) Universal life-Recursive formulas are used both for the calculation of target premiums and reserves. Consideration is given to the TEFRA corridor;

c) Paid-up rider-A participating single premium rider that provides a level death benefit can be devised using an inherent one year term benefit. Recursive functions are used to determine the premium that precisely matures the rider.

Because the APL programming language is particularly …

Enforcing The Fundamental Premises Of Partnership Taxation, Rebecca S. Rudnick

Articles by Maurer Faculty

No abstract provided.

Journal Of Actuarial Practice, Volume 1, No.1, 1993, Colin Ramsay , Editor

Journal of Actuarial Practice (1993–2006)

ARTICLES

Global Social Security: How the Rules are Changing in Certain Countries • Robert J. Myers

On Becoming a Cost Effective Company • Robert D. Shapiro and Barton H. Clennon

The Process of Pension Forecasting • Michael Sze

Cost-Based Pricing of Individual Automobile Risk Transfer: Car-Mile Exposure Unit Analysis • Patrick Butler

Discussion • Ruy A. Cardoso & Richard G. WolI & Patrick Butler's Reply

A New Approach to Modeling Excess Mortality • Peter D. England and Steven Haberman

The Small Plan Audit Program: The Opinions of the Court • Arnold F. Shapiro

BOOK REVIEWS

A. Hoque Sharif reviews "Options …

The Role Of Banks In Promoting The Growth Of Corporate Financing In Nigeria., K. M. Obitayo

Bullion

Capital formation whether financed from internal or external sources, requires the mobilization of economic surpluses. For investment to increase, there must be a growing surplus over and above current consumption that can be channelled into productive uses. The different ways of accumulating capital entail different institutional arrangements. The objective of this paper is to discuss the role of banks in promoting the growth of corporate financing in Nigeria. The rest of the paper is structured into three major parts. Part 1 outlines the evolution of the Nigerian banking system. Part II examines the role of banks in fostering the growth …

Lobbying Activity In The Standards Setting Process: Fasb Statement On Financial Accounting Standards No. 106, "Employers' Accounting For Postretirement Benefits Other Than Pensions", Christine Schalow

Graduate Theses and Dissertations

The purpose of this study is to explain and classify the behavior of corporate managers in the accounting standards setting process as it related to Statement of Financial Accounting Standards No. 106. Evidence from this study provides readers a better understanding of participation of corporate managers in the accounting standards setting process. To accomplish the objective, this study surveyed corporate representatives who responded to the Financial Accounting Standards Board's, February 1989, exposure draft, "Employers' Accounting for Postretirement Benefits Other Than Pensions," (OPEB). A sample of corporations whose representatives did not respond to the OPEB exposure draft, although the corporations did …

No. 120 1992 November

International Journal for Business Education

SIEC Historical Documents

Department Of Fisheries Annual Report 1991/92, Department Of Fisheries, Western Australia

Department of Fisheries Annual Reports

In accordance with Section 62 of the Financial Administration and Audit Act 1985, I submit for your information and presentation to Parliament the Annual Report of the Fisheries Department for the financial year.

The Annual Report has been prepared in accordance with the provisions of the Financial Administration and Audit Act 1985.

Section 57 of the Fisheries Act 1905 requires me to report to you as to the state of the fisheries of the State and for such report to be laid before both Houses of Parliament.

The Pricing Decision: Balancing The Cost-Based And Market-Based Approaches In Different Industries, Shawn M. Kain, Kenneth Yale Rosenzweig

Accounting Faculty Publications

The objectives of this paper are to discuss cost estimating and pricing issues in four different industries, to analyze methods and strategies that are used in the costing and pricing of products in those industries, and to make general comparisons about costing and pricing techniques.

Accurate projection of costs is essential to the survival of any firm because cost estimates often determine whether a project will be authorized to begin or continue, the amount of resources that will be allocated to a particular product or product line, the prices of products, and the firm's and product line's profitability. Many management …

No. 119 1992 April

International Journal for Business Education

SIEC Historical Documents

Auditing Practices In Singapore, See Liang Foo

Research Collection School Of Accountancy

The accounting profession in Singapore plays an important part in the country's economy because it ensures foreign investors' confidence that their investments are audited by competent, independent, and credible auditors. The emergence of joint stock companies in Singapore was made possible by the Indian Joint Stock Companies Act of 1857. The Act requires every company to maintain proper accounting and other records which will explain sufficiently the transactions and financial position of the company and to enable true and fair profit and loss account and balance-sheet and any documents required to be attached thereto to be prepared from time to …

Measurement And Pricing Of Corporate Risk, R Vaidyanathan

IIMB Management Review

No abstract provided.

No. 118 1991 November

International Journal for Business Education

SIEC Historical Documents

Department Of Fisheries Annual Report 1990/91, Department Of Fisheries, Western Australia

Department of Fisheries Annual Reports

No abstract provided.

Japan's Manchukuo Economic Development Or Militaristic Seizure, Nathan Douglas Alder

Undergraduate Honors Capstone Projects

Was the founding of the State of Manchukuo an act of independence brought about by the people of Manchuria or a planned take-over by the Japanese military and government? Was Manchukuo a favored trading nation of Japan or just another province in an expanding Japanese empire? Answers to these questions are the motivation for this paper, and aim at the heart of Manchukuo's history.

No. 117 1991 April

International Journal for Business Education

SIEC Historical Documents

Reforming The Financial System, Prasanna Chandra

IIMB Management Review

No abstract provided.

Department Of Fisheries Annual Report 1990, Department Of Fisheries, Western Australia

Department of Fisheries Annual Reports

In accordance with Section 62 of the Financial Administration and Audit Act 1985, I submit for your information and presentation to Parliament the Annual Report of the Fisheries Department for the financial year ending 30 June 1990.

The Annual Report has been prepared in accordance with the provisions of the Financial Administration and Audit Act 1985.

Section 57 of the Fisheries Act 1905 requires me to report to you as to the state of the fisheries of the State and for such report to be laid before both Houses of Parliament.

No. 116 1990 November

International Journal for Business Education

SIEC Historical Documents

Education, Certification, And The Earnings Of Industrial Accountants, Kenneth Yale Rosenzweig, Lawrence Hadley

Accounting Faculty Publications

Utilizing a model of the relationship between skill accumulation and earnings known as human capital theory, we analyzed the incremental earnings associated with various educational and professional credential for a sample of members of the National Association of Accountants (NAA). Data were collected by means of a questionnaire survey of NAA members and were analyzed utilizing a multiple regression technique. Earnings is regressed on various education and certification variables. Employment characteristics and personal characteristics of the respondents are included as control variables.

Our analysis documents positive earnings increments for the bachelor’s and MBA degrees and the CPA certificate. For the …

No. 115 1990 April

International Journal for Business Education

SIEC Historical Documents

Taxonomic Mental Models In Competitor Definition, Joseph F. Porac, Howard Thomas

Research Collection Lee Kong Chian School Of Business

In this article, a cognitive approach to the problem of competitor definition is outlined, which begins with a discussion of the information-processing demands implied by current models of competitive strategy. How decision makers simplify the competitive environment by using a mental model of competitive groups is then discussed. Finally, the implications of a cognitive approach for the classifying organizations and organizational adaptation are commented on.

The Determination Of Audit Fees: Analysis In The Singapore Context, Lay Chin Low, Pearl Hock Neo Tan, Hian Chye Koh

Research Collection School Of Accountancy

Presents information on a study which addressed the issue of audit fees determination in the audit services market in Singapore. Research design and methodology; Contributions and limitations of audit models; Conclusions.

Takeovers, Prasanna Chandra

IIMB Management Review

A takeover generally involves the acquisition of a certain block of equity capital of a company which enables the acquirer to exercise control over the affairs of the company. In theory, the acquirer must buy more than 50 percent of the paid-up equity of the acquired company to enjoy complete control. In practice, however, effective control can be exercised with a smaller holding, usually between 10 and 40 percent, because the remaining shareholders, scattered and ill-organized, are not likely to challenge the control of the acquirer. Takeover mania appears to be sweeping the Indian corporate world. This has perhaps been …

Dividend Policy And Tax Structure, Kian Guan Lim

Research Collection Lee Kong Chian School Of Business

We show that a certain class of progressive tax structure induces an optimal dividend policy which is autogressive in nature. The theoritical model is consistent with empirically observed dividend policies.

No. 114 1989 November

International Journal for Business Education

SIEC Historical Documents

Department Of Fisheries Annual Report 1988/89, Department Of Fisheries, Western Australia

Department of Fisheries Annual Reports

In accordance with Section 62 of the Financial Administration and Audit Act 1985, I submit for your information and presentation to Parliament the Annual Report of the Fisheries Department for the financial year ending 30 June 1989.

The Annual Report has been prepared in accordance with the provisions of the Financial Administration and Audit Act 1985.

Section 57 of the Fisheries Act 1905 requires me to report to you as to the state of the fisheries of the State and for such report to be laid before both Houses of Parliament

No. 113 1989 April

International Journal for Business Education

SIEC Historical Documents

Who Should Pay The Corporate Tax In A Flat Tax World?, Rebecca S. Rudnick

Articles by Maurer Faculty

This article reviews the corporate tax system within the context of the historical bias and current effects of the current system of taxation of corporations and shareholders. Drawing on public finance theory, financial markets microstructure research, and perspectives on corporate governance, Professor Rudnick proposes a profits tax on the liquid equity of firms. She finds this to be a normative rationale for a double tax system under optimal tax principles due to the inelasticity of demand for and supply of liquidity and the economic rent it produces. The value of liquidity in different capital markets is the crucial determinate. Under …

No. 112 1988 November

International Journal for Business Education

SIEC Historical Documents