Finance and Financial Management Commons^™

On The Information Content Of Calls Of Convertible Securities, Anthony K. Byrd, William T. Moore

Faculty Publications

Negative stock price reactions to conversion-forcing calls of convertible bonds and preferred stocks are reexamined, and most of the sample firms are shown to exhibit full price recovery by the end of the conversion period. In addition, analysts' earnings forecasts, both short-term and long-term, are found to be revised upward following call announcements for convertible bonds and preferred stocks. The combined findings cast doubt on the established belief that such capital structure decisions signal negative information about firm value.

Perceptions Of Financial Counselling In Western Australia, Natalie Dall

Theses: Doctorates and Masters

The development of financial counselling in Australia during the past decade has been complex and fragmented. Financial counselling and rural counselling services within Western Australia are funded from a range of government, non-government and church based groups. This has contributed to problems in the identification of basic definitions of the need for services, the role of the financial counsellor and service models or functions. The failure to define the role of the financial counsellor and the needs to be addressed by financial counselling services, "appears to be the most important historic weakness in the field." (Wyse et al., 1990, p.2). …

Quantifying Time Value Errors, George A. Mangiero, Susan M. Mangiero

WCBT Faculty Publications

Focuses on the quantification of the magnitude of error when the mathematical function for present value is ignored and interpolation is used to determine the discount factor in the time valuation of cash flows. Length of discounting period; Linear interpolation between table present value factors for periodic interest rate and same interest rate plus one per cent; Sensitivity of maximum error timing to interest rate.

Financial Statements With Environmental Concerns: An Exploratory Study Of The Impact On The Auditor's Role And Responsibilities, Lori Burton

Mahurin Honors College Capstone Experience/Thesis Projects

No abstract provided.

The Evolution Of Shopping Center Research: A Review And Analysis, Mark Eppli, John D. Benjamin

Finance Faculty Research and Publications

Retail research has evolved over the past sixty years. Christaller's early work on central place theory, with its simplistic combination of range and threshold has been advanced to include complex consumer shopping patterns and retailer behavior in agglomerated retail centers. Hotelling's seminal research on competition in a spatial duopoly has been realized in the form of comparison shopping in regional shopping centers. The research that has followed Christaller and Hoteling has been as wide as it has been deep, including literature in geography, economics, finance, marketing, and real estate.

In combination, the many extensions of central place theory and retail …

Liquidity Costs And Stock Price Response To Convertible Security Calls, Michael A. Mazzeo, William T. Moore

Faculty Publications

Firms' announcements to call in-the-money convertible securities for redemption essentially force their conversion into common stock, and such announcements are generally met with significant reductions in the calling firms' equity values. An explanation based on liquidity costs is advanced and tested. The explanation implies that investors who choose to sell their shares early in the conversion period bear liquidity costs by selling at reduced prices. Consistent with the explanation, the average share price decline is short-lived, lasting most of the conversion period. Thus, a component of the call announcement effect appears to be due to liquidity costs.

The Operation Of Military Family Housing As A Business Enterprise. A Case Study At Langley Air Force Base, Virginia, Michael T. Ray

Theses and Dissertations

The focus of this research was to determine the feasibility of operating Military Family Housing (MFH) as a business enterprise, based on rental income. A case study of the Langley AFB Military Family Housing operation during FY 90 was used to determine if housing allowances forfeited by residents of base housing would provide sufficient rental income for the annual operations, maintenance and capital improvement of the MFH assets. It further compared the descriptive data from Langley AFB, Virginia, to USAF averages to determine if the findings at Langley were generalizable across the Air Force. The case study showed that Basic …

New York University School Of Law's Low Income Loan Assistance Program-Lilap, Michael Beriss, Annette Hurst, Charles Wittenberg

Journal of Legal Education

No abstract provided.

June 1989, Inland Empire Business Journal

Inland Empire Business Journal

Health of the Inland Empire Financial Institutions the Inland Empire Business Journal contacted the FDIC to obtain information on Inland Empire banks on the "problem bank list" in the aftermath of the Savings and Loan Crisis.............................1

Gambling Could Raise $500,000 in New Taxes for Cathedral City Mayor George G. Hardie's proposal for a resort hotel and gaming Card Club complex. (includes interview with Mayor Hardie).......................1

Developers Offer Sewer Fund Monies a consortium of eastern Riverside County developers approached the Eastern Municipal Water District (EMWD) with a proposal to pre-pay building permit fees to accelerate sewer plant expansion to support development.......................1 …

A Note On Equivalence In Ranking Investments, Steven H. Bullard

Faculty Publications

Present net worth, benefit/cost, and internal rate of return are considered for ranking investments. In some cases, rankings can be contradictory, and the investment criterion can influence inter-project allocations. There are situations, however, when ranking equivalence is assured. In this article, conditions for equivalence in ranking investments are presented using simple graphics and algebra. The conditions are restrictive, and can be effective in demonstrating the need for discretion in selecting an economic criterion for evaluating investments.

Finance For Farmers, P P. Eckersley

Journal of the Department of Agriculture, Western Australia, Series 4

Financing has always been an important part of farming. With more and more sources of farm finance, it has become more complicated.

This article outlines present sources of farm finance and suggests how a proposal for a loan should be presented.

Interdependence Of Market Risk Measures, Philip L. Cooley, Rodney L. Roenfeldt, Naval K. Modani

Faculty Publications

No abstract provided.

Case Study Of The Financing Of The Operations Of A Government Agency Under The Industrial Fund, Cecil Franklin Jones

Master's Theses

Savings aggregating millions of dollars annually have been made possible.by fundamental improvements of a Government-wide nature and the modernization and streamlining of accounting methods and systems of individual departments and agencies. The impetus for instituting these changes in fiscal procedures was provided in the recommendations of the Hoover Commission as submitted to Congress February 15, 1949.

The pilot installation, or "guinea. pig", was the Military Sea Transportation Service, a military agency within the Navy Department to which the author had been assigned as Assistant to the Comptroller after recall to active duty in November 1950. This material is presented in …