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Finance and Financial Management Commons

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2001

Discipline
Institution
Keyword
Publication
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Articles 31 - 60 of 142

Full-Text Articles in Finance and Financial Management

Financing Long-Term Care: Insurance And Its Alternatives, Barbara Rowe Sep 2001

Financing Long-Term Care: Insurance And Its Alternatives, Barbara Rowe

All Current Publications

No abstract provided.


Shopping For Long-Term Care Insurance, Barbara Rowe Sep 2001

Shopping For Long-Term Care Insurance, Barbara Rowe

All Current Publications

No abstract provided.


2001-2002 Operating Budget: Southern University Law Center, Southern University System. Office Of Finance & Administration. Aug 2001

2001-2002 Operating Budget: Southern University Law Center, Southern University System. Office Of Finance & Administration.

All Southern University System Budgets

The 2001-2002 Fiscal Year Operating Budget for the Southern University Law Center Campus.


2001-2002 Operating Budget, Southern University System. Office Of Finance & Administration. Aug 2001

2001-2002 Operating Budget, Southern University System. Office Of Finance & Administration.

All Southern University System Budgets

The Southern University and A & M College Operating Budget for 2001-2002.


2001-2002 Operating Budget, Southern University System. Office Of Finance & Administration. Aug 2001

2001-2002 Operating Budget, Southern University System. Office Of Finance & Administration.

All Southern University System Budgets

The Southern University System Board and System Administration Operating Budget 2001-2002.


2001-2002 Operating Budget, Southern University System. Office Of Finance & Administration. Aug 2001

2001-2002 Operating Budget, Southern University System. Office Of Finance & Administration.

All Southern University System Budgets

The Southern University at Shreveport Operating Budget 2001-2002. Fiscal Year Ending June 30, 2002. Southern University System.


Raising Capital For Not-For-Profit Organizations: Tax-Exempt Bond Financing, Christopher T. Tucker Jul 2001

Raising Capital For Not-For-Profit Organizations: Tax-Exempt Bond Financing, Christopher T. Tucker

Seton Hall University Dissertations and Theses (ETDs)

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Ua9 Investing In The Spirit, Wku Development & Alumni Relations Jul 2001

Ua9 Investing In The Spirit, Wku Development & Alumni Relations

WKU Administration Documents

Development office newsletter regarding donors and donations to Western Kentucky University.


The Effectiveness Of Institutional Activism, Gary L. Caton, Jeremy Goh, Jeffrey Donaldson Jul 2001

The Effectiveness Of Institutional Activism, Gary L. Caton, Jeremy Goh, Jeffrey Donaldson

Research Collection Lee Kong Chian School Of Business

Researchers examined earnings-forecast revisions and stock returns after release of the Focus List of poorly performing companies by the Council of Institutional Investors. Using Tobin's q as a measure of a company's ability to improve performance, researchers found significant and positive abnormal forecast revisions and post-release stock returns for companies with q greater than one. Findings support the proposition that institutional activism is effective for underperforming companies - but only those companies with the ability to respond to the challenge to improve performance.


Is A Convertible Bond Call Really Bad News?, Louis H. Ederington, Jeremy C. Goh Jul 2001

Is A Convertible Bond Call Really Bad News?, Louis H. Ederington, Jeremy C. Goh

Research Collection Lee Kong Chian School Of Business

The article tests and rejects the hypothesis that managers call in-the-money convertibles when they view a decline in the value of the firm as likely. Inconsistent with this view, it finds that insiders generally buy equity before conversion-forcing calls. Also, analysts tend to raise their earnings forecasts following a call. There is no evidence that earnings analysts interpret a conversion-forcing call as bad news. Indeed there is evidence that, relative to firms in general, analysts are revising their earnings forecasts upward in the months surrounding conversion-forcing calls. The article concludes that an announcement of a conversion-forcing call of a firm's …


2000-2001 Operating Budget: Southern University At New Orleans, Southern University System. Office Of Finance & Administration. Jun 2001

2000-2001 Operating Budget: Southern University At New Orleans, Southern University System. Office Of Finance & Administration.

All Southern University System Budgets

No abstract provided.


2000-2001 Operating Budget, Subr Agricultural Extension And Research Programs. Office Of Finance & Administration. Jun 2001

2000-2001 Operating Budget, Subr Agricultural Extension And Research Programs. Office Of Finance & Administration.

All Southern University System Budgets

Southern University System. Office of Finance & Administration.


Design And Estimation Of Quadratic Term Structure Models, Markus Leippold, Liuren Wu Jun 2001

Design And Estimation Of Quadratic Term Structure Models, Markus Leippold, Liuren Wu

CRIF Working Paper series

We consider the design and estimation of quadratic term structure models. We start with a list of stylized facts on interest rates and interest rate derivatives, classified into three layers: (1) general statistical properties, (2) forecasting relations, and (3) conditional dynamics. We then investigate the implications of each layer of property on model design and strive to establish a mapping between evidence and model structures. We calibrate a two-factor model that approximates these three layers of properties well, and illustrate how the model can be applied to pricing interest rate derivatives.


Emerging Manufacturing Industry : A Financial Perspective, M S Narasimhan, L S Murty Jun 2001

Emerging Manufacturing Industry : A Financial Perspective, M S Narasimhan, L S Murty

IIMB Management Review

No abstract provided.


Real Exchange-Rate Behaviour Under Fixed And Floating Exchange Rate Regimes, James R. Lothian, Cornelia H. Mccarthy May 2001

Real Exchange-Rate Behaviour Under Fixed And Floating Exchange Rate Regimes, James R. Lothian, Cornelia H. Mccarthy

CRIF Working Paper series

In this paper we examine the stability of the real exchange rate and the macroeconomic effects of alternative exchange-rate regimes, including currency union, on real exchange-rate behaviour. We focus on the Irish punt in order to exploit its diversity of experience over different nominal exchange rate regimes. We make both temporal and cross-country comparisons of real-exchange-rate stability for the Irish punt with sterling, the US dollar and the German mark. We reach two conclusions on the basis of our results. The first is that for Ireland, as for most other countries, purchasing power parity provides a reasonably good description of …


Equity Returns And Inflation: The Puzzlingly Long Lags, James R. Lothian, Cornelia Mccarthy May 2001

Equity Returns And Inflation: The Puzzlingly Long Lags, James R. Lothian, Cornelia Mccarthy

CRIF Working Paper series

This paper examines data for stock prices and price levels of 14 developed countries during the post-WWII era and compares their behavior in that sample with behavior over the past two centuries in the UK and the US. Contrary to much of the literature of the past several decades, we find that nominal equity prices do, in fact, keep pace with movements in the overall price level. Our results suggest, however, that this is only the case over long periods. The puzzle therefore is not that equities fail the test as inflation hedges, as had been quite widely believed, but …


A Simulation Analysis Of The Relationship Between Retail Sales And Shopping Center Rents, Gregory H. Chun, Mark Eppli, James D. Shilling May 2001

A Simulation Analysis Of The Relationship Between Retail Sales And Shopping Center Rents, Gregory H. Chun, Mark Eppli, James D. Shilling

Finance Faculty Research and Publications

This article examines the variation in rents per square foot among regional shopping centers in the United States in response to variation in retail sales per square foot. The analysis breaks new ground by treating base and percentage rents as endogenous functions of retail sales. The analysis further distinguishes between de facto, if not de jure, fixed and percentage leases, and between new versus existing leases. Simulation results suggest that shopping center rents can easily increase in the short-run as retail sales decrease, or they can easily decrease as retail sales increase. In addition, the results suggest that shopping center …


The Crummer Suntrust Investment Portfolio 2001, Luna Anico, Molly Ater, Evan Melcher, Michael Welker Apr 2001

The Crummer Suntrust Investment Portfolio 2001, Luna Anico, Molly Ater, Evan Melcher, Michael Welker

Crummer Truist Portfolios

No abstract provided.


How To Reduce Arrears In Microfinance Institutions, Norell, Dan Norell Apr 2001

How To Reduce Arrears In Microfinance Institutions, Norell, Dan Norell

Journal of Microfinance / ESR Review

Reducing arrears is crucial if MFIs are to achieve selfsufficiency. MFI staff must understand the causes of arrears--whether from clients' testing the MFI's determination to collect, crises in clients' lives, loans that are too large, or loans given on the basis of favoritism. Analytical tools for assessing and preventing arrears include key measures for analyzing arrears (e.g., portfolio quality ratios and performance ratios by credit officer) and financial ratio tests for determining appropriate loan size. The key to reducing arrears is to follow up late loans quickly, form strong solidarity groups, update and enforce credit policies, focus credit officers' services …


Vol. 03 No. 1 Journal Of Microfinance, Journal Of Microfinance Apr 2001

Vol. 03 No. 1 Journal Of Microfinance, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.


Coordination Failure In The Rural Credit Markets, Mishra, Atul Mishra Apr 2001

Coordination Failure In The Rural Credit Markets, Mishra, Atul Mishra

Journal of Microfinance / ESR Review

This paper tries to explain the curious fact that while at the national level the rural sector saves more than what it invests in itself in India, at the micro level, credit constraint is reported to be the main binding constraint on the activities in the rural economy. The explanation lies in the phenomenon of coordination failure. The public sector rural banks mobilize huge amounts of savings, but because of low rates of interest and high default rates, they do not lend in equal measure. Indeed, in India the public sector rural banks mobilize as savings three times the amount …


India's Regional Rural Banks: The Institutional Dimension Of Reforms, Nitin Bhatt, Y. S. P. Thorat Apr 2001

India's Regional Rural Banks: The Institutional Dimension Of Reforms, Nitin Bhatt, Y. S. P. Thorat

Journal of Microfinance / ESR Review

Efforts to reform India's failing Regional Rural Banks (RRBs) have had limited impact, because reformers have paid little attention to the institutional dimensions of the problems facing the banks. Few efforts were made to redesign the perverse institutional arrangements that gave rise to incompatible incentive structures for key stakeholders, such as political leaders, policy makers, stockholders, bank staff, and clients. We recommend that the next leg of reforms focus on aligning the incentives of these stakeholders by giving greater importance to the RRBs' internal organizational contexts and larger policy environments.


Assessing The Need For Microenterprises In Mexico To Borrow Start-Up Capital, Heikki Heino, Jose A. Pagan Apr 2001

Assessing The Need For Microenterprises In Mexico To Borrow Start-Up Capital, Heikki Heino, Jose A. Pagan

Journal of Microfinance / ESR Review

Mexico's microenterprises employ about 20 percent of the working age population in the country, and the number of microenterprises has increased substantially over the last decade. Given the role these small business units play in employment and wealth creation, it is important to understand the profile of firms that resort to outside start-up capital to finance their operations. Using microdata from Mexico's National Survey of Microenterprises (Encuesta Nacional de Micronegocios, ENAMIN), we analyze the socioeconomic factors related to the need for outside start-up capital. The findings show that a relatively small number of socioeconomic factors such as the background of …


Front Matter, Journal Of Microfinance Apr 2001

Front Matter, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.


Performance Measures For Microenterprise In The United States, Karen Doyle, Jerry Black Apr 2001

Performance Measures For Microenterprise In The United States, Karen Doyle, Jerry Black

Journal of Microfinance / ESR Review

Microenterprise, while currently serving a small number of America's poor, is often the only option--other than receiving welfare--for a variety of individuals to improve their standard of living or quality of life. MicroTest, a project of the Aspen Institute, was created to improve the value of microenterprise services and the stability of microenterprise organizations over time by perfecting and promoting the use of measures to regularly assess performance. This article proposes a performance measurement framework for U.S. microenterprise development programs. The following key categories of outputs and outcomes can be used to assess the performance of microenterprise development providers: Reaching …


Book Review- Microfinance: Conversations With The Experts Edited By Charles Oberdorf, Matthew Wood Apr 2001

Book Review- Microfinance: Conversations With The Experts Edited By Charles Oberdorf, Matthew Wood

Journal of Microfinance / ESR Review

No abstract provided.


From The Editor, Journal Of Microfinance Apr 2001

From The Editor, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.


Microfinance Myopia: Lessons From The Mainstream, Kim Wilson Apr 2001

Microfinance Myopia: Lessons From The Mainstream, Kim Wilson

Journal of Microfinance / ESR Review

This essay attempts to remove the shades that blind the microfinance sector to the value of its customers and what its customers truly value. It proposes that the social agenda and financial health of microfinance institutions would be far more sound if we understood who our customers are, why they leave, what they really want, and the real business we are all in.


Client Information Sharing In Bolivia, Campion, Anita Campion Apr 2001

Client Information Sharing In Bolivia, Campion, Anita Campion

Journal of Microfinance / ESR Review

As the microfinance industry becomes more competitive, microfinance institutions (MFIs) increasingly seek access to credit bureaus and credit information agencies. The growing number of microfinance providers in the market results in borrowers having more access to loans, which can lead to client overindebtedness and default. By sharing client information with each other and by using credit bureau information on client history and indebtedness, MFIs facing competition can reduce their credit risk and avoid unnecessary losses. While the growing interest in credit bureaus for microfinance is global, to date, few countries have credit unions and even fewer include microfinance clients in …


Top 10 Audit Deficiencies, Mark S. Beasley, Joseph V. Carcello, Dana R. Hermanson Apr 2001

Top 10 Audit Deficiencies, Mark S. Beasley, Joseph V. Carcello, Dana R. Hermanson

Faculty Articles

The article focuses on financial statement fraud based on cases wherein the U.S. Securities and Exchange Commission sanctioned auditors for their association with fraudulent financial statements. All of the cases involved public companies, most of which engaged ill fraudulent financial reporting. Only a few engaged in misappropriation of assets or defalcation. The most common problem, alleged in 90% of the cases, was the auditor's failure to gather sufficient evidence. In some instances, this failure was pervasive throughout the engagement while in other instances the allegations were more specific. For example, many of the cases involved inadequate evidence in the areas …