منابع مشابه
Capital Allocation in Financial Firms
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A strategic optimization model provides the ideal setting for allocating the scarce capital of a financial intermediary such as an insurance company. The goal of management is to maximize shareholder value. Capital allocation serves three primary purposes: to compare managerial performance across business units, to provide a risk indicator for regulators and other stakeholders, and to develop a...
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This paper establishes a link between firms' capital investment decisions, the quality of the information they provide to a competitive market for their shares, and their cost of capital. We show that, if firms select projects to maximize share price, higher information quality reduces the cost of capital. The intuition is that better information improves the coordination between firms and inve...
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Optimal working capital management can positively effect on the Firm performance, but this relationship can be affected by major characteristics of the firm, making an important subject for research. This research investigates the moderating role of firm characteristics on the relation between working capital management and financial performance of the firms listed in TSE during 2008 – 2017 per...
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Acknowledgements When I began studying economics, I did not believe that I would ever be able to write a dissertation in this discipline. Too many mathematical formulas seemed to ask too much from my brain that intrinsically likes pictures and verbal stories. It needed several persons who continuously encouraged me to reach the point where I stand now. The first who believed in me was Oliver Fa...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2001
ISSN: 1556-5068
DOI: 10.2139/ssrn.267282