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Mission Statement
TechRepublic's ITPapers is the Web's largest library of free technical IT white papers, webcasts, and case studies. Covering IT categories including Data Management, IT Management, Networking, Communications, Enterprise Applications, Storage, Security and much more, TechRepublic's White Paper Directory is the best source for technical white papers and IT information.
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White Papers
How To Overcome Roadblocks To A Successful M&A
Aug 2009
Current economic conditions have landed a lot of companies on the block, many of which have never experienced this type of downturn before. Pragmatic CEOs are looking at survival scenarios, either...
Provided by Bank of America
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Case Studies
Finance Transformation In Financial Services
Jun 2008
A large insurance company wanted its finance function to provide strategic analysis and valuable business insights. However, it realized that its finance associates were spending around 75% of...
Provided by Deloitte LLP
-
Case Studies
Finance Transformation In Pharmaceuticals: When The Party's Over
Jun 2008
The 1990s saw the whole pharmaceutical industry register exceptional growth and record profits and hence not much attention paid to the inefficient way the industry functioned. It is the recent...
Provided by Deloitte LLP
-
Case Studies
Finance Transformation In Pharmaceuticals - From The F Troop To The 82nd Airborne
Jun 2008
The finance function of one of the leading pharmaceutical company was generating significant business value through its understanding of company issues, its analytical capabilities, and its...
Provided by Deloitte LLP
-
Case Studies
Finance In Focus
May 2010
When two large banks merged, the challenge for the resulting Finance function was to make sense of two very different ways of doing business in quick time so as to get its functioning in sync....
Provided by Deloitte LLP
-
White Papers
Avoiding Pitfalls Of Working Capital True-Ups
Feb 2010
While optimism about M&A activity is increasing, deals remain highly sensitive to pricing. Because working capital true-ups may result in a significant purchase price adjustment, private equity...
Provided by Bank of America
-
Webcasts
How To Value Of Goodwill In Modern Economies
Apr 2009
The presenter of the webcast talks about the valuation of intagible assets in quoted companies.
Provided by Howcast
-
White Papers
The CFO's Role In Achieving Operational Excellence
Apr 2009
Over the past several years, CFO Research Services has documented the expansion of the role of the CFO from a traditional oversight function to that of performance manager. This current paper...
Provided by CFO Publishing
-
White Papers
The Impact Of New M&A Accounting Standards In An Improving Marketplace
Jun 2010
The new M&A accounting standards increase the potential for dilution and volatility to be reported in post-acquisition results. Sophisticated dealmakers who plan to be active in an M&A rebound...
Provided by Bank of America
-
White Papers
Bank Of America Business Capital: Perspectives On U.S. Economic Performance
May 2010
For the past 12 years, Bank of America Merrill Lynch has conducted a survey of financial executives at U.S. manufacturing companies to understand better how CFOs view the economy and get their...
Provided by Bank of America
-
White Papers
CFOs Assume Leadership Roles To Drive Greater Value From Operational Excellence Programs
Apr 2010
To generate greater value from operational excellence programs, CFOs need to take a more active role. They can serve as trusted business advisors to CEOs, thereby helping to set a firm foundation...
Provided by Accenture
-
White Papers
High Performance Business In China: Pioneering The Future Amidst Financial Crisis
Nov 2008
China presents a fascinating landscape for studying business performance. The author continues to believe that companies seeking to compete on the global stage must have a growth strategy for...
Provided by Accenture
-
Case Studies
Vikram Akula's SKS Microfinance Pvt. Ltd.: The Making Of A Successful Microfinance Institution
Feb 2010
"Vikram Akula (Akula), the founder of one of the world's fastest growing microfinance institution (MFI), SKSMicrofinance Private Limited (SKS), was recognized by the Time magazine in its list of...
Provided by IBS Case Development Centre
-
White Papers
Protect Your Finances While On Vacation: Control Costs And Enjoy Peace Of Mind When Traveling
Jan 2010
Does your vacation-planning checklist include controlling costs and protecting your money while you travel? If not, it should. Before you head off on holidays, here are a few suggestions to keep...
Provided by Bank of America
-
Case Studies
Bajaj Auto: Evaluating The Working Capital Requirements
Feb 2010
Over the past two decades, the Indian automobile industry has grown leaps and bounds, at a Compound Annual Growth Rate (CAGR) of 9%. It is the second-largest two-wheeler and fourth-largest...
Provided by IBS Case Development Centre
-
Case Studies
US Financial Crisis: Is It theMoment For Bretton Woods II?
Feb 2010
To discuss the US financial crisis (2008) that has engulfed the whole world and therefore requires synchronized coordinated global action, the US President George Bush invited the leaders of the...
Provided by IBS Case Development Centre
-
White Papers
Corporations And Ethics: Lessons From The Front Lines Of The Financial Meltdown
Mar 2010
The global financial meltdown has placed business behavior under the microscope, resulting in no shortage of guilty parties charged with responsibility for the fiasco. But which groups deserve...
Provided by University of Pennsylvania (Wharton)
-
White Papers
Predicting Short-Term Eurodollar Futures
Nov 2008
The authors of this paper propose and illustrate a structural model for the forward curve produced by Eurodollar futures contracts. The model provides a three-part functional decomposition of the...
Provided by University of Pennsylvania (Wharton)
-
White Papers
Fast Snd Accurate Detection Of Document Skew And Orientation
Jun 2007
This paper presents a document skew and orientation detection technique. The proposed technique estimates document skew and orientation based on the observation that text images normally hold a...
Provided by National University of Singapore School of Business
-
White Papers
Stocks Of Bad Companies Often Outperform Those Of Good Ones
Feb 2008
According to a study by Deniz Anginer, a doctoral student in finance at Michigan's Ross School of Business, stocks of admired companies have lower returns, on average, than stocks of despised...
Provided by University of Michigan (Ross)
-
White Papers
Inspiring Innovation In The Silicon Valley Housing Market
Jan 2008
Deep in the gloom of today's declining housing market, few investors see any reason for optimism. But an ACT team focused on affordable housing in the Bay area found a silver lining amidst the...
Provided by Stanford University
-
White Papers
The Inexplicable Vitality Of Pension Funds
Feb 2008
Despite promises of returns on pension plans, the fact is that with these investments, the loss column is outweighing the profits. Yet, judging by the rate of investment in these plans, the lack...
Provided by IESE School Of Business
-
White Papers
Should Managers Provide Forecasts Of Earnings?
Sep 2009
Despite the risk of manipulation, management forecasts of earnings in investor communications are beneficial, says a University of Michigan researcher. In a new study commissioned by the...
Provided by University of Michigan (Ross)
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White Papers
A New Benchmark For High-Performance Investment
Jan 2008
Equity indices play an important role in passive and active portfolio management. In the vast majority of cases, the assets in these benchmarks are weighted by market capitalization. There have...
Provided by IESE School Of Business
-
White Papers
Faulty Judgment In Valuation
Jan 2008
Financial experts tend to agree that book value is not a good determinant of share value, especially in the case of well-established companies whose future direction seems assured. However,...
Provided by IESE School Of Business
-
White Papers
Black Swans, A Wild Goose Chase
Jan 2009
From the Black Monday of October 19, 1987, to the September 11 attacks: When the seemingly impossible comes to pass, has a massive impact and seems to be predictable in retrospect, then we have...
Provided by IESE School Of Business
-
White Papers
Hedge Fund Manager's Alma Mater Matters
Aug 2007
Hedge fund investors seeking superior performance are well-advised to select younger, well-educated fund managers who are highly devoted to their jobs, says a University of Michigan business...
Provided by University of Michigan (Ross)
-
White Papers
India's New Stock Market Story And Its' Next Trillion Dollar Opportunity'
Apr 2009
If there's one thing Raamdeo Agrawal has learned over 22 years as an investor, it's that the stock markets "always come up with a story every four or five years." Soya processing and leasing...
Provided by University of Pennsylvania (Wharton)
-
White Papers
Directors And Professors Treat Market Risk Differently
Jan 2008
In "Market Risk Premium Used: Survey 2008," IESE Prof. Pablo Fernández put three simple questions to 424 business executives and professors, mostly Spaniards. What market risk premium does your...
Provided by IESE School Of Business
-
White Papers
Shareholder Vs. Stakeholder: Two Approaches To Corporate Governance
Jan 2008
In countries with an Anglo-Saxon legal tradition, such as the United States, United Kingdom, Canada and Australia, corporate governance typically focuses on the firm's outside investors, mainly...
Provided by IESE School Of Business
-
White Papers
Control Motivations And Capital Structure Decisions
Sep 2009
This paper investigates the use of leverage as one channel through which control-motivated blockholders can defend their corporate control. Such blockholders face a trade-off between raising...
Provided by Indiana University
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White Papers
Corporate Financial And Investment Policies When Future Financing Is Not Frictionless
Sep 2008
The paper studies a model in which future financing constraints lead firms to have a preference for investments with shorter payback periods, investments with less risk, and investments that...
Provided by Ohio State University (Fisher)
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White Papers
Momentum And Long-Run Risks
Nov 2007
The paper models the cross section of equity securities inside a long-run risks economy of Bansal and Yaron (2004). Consistent with the implications of the model, it shows a new empirical stylized...
Provided by University of Pennsylvania (Wharton)
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White Papers
Diving Into Dark Pools
Jun 2010
This paper examines unique data on dark pool activity for a large cross-section of US stocks in 2009. Dark pool activity is concentrated in large firms, stocks with high share volume, high price,...
Provided by Ohio State University (Fisher)
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White Papers
Demographics And Industry Returns
Dec 2007
How do investors respond to predictable shifts in profitability? The paper considers how demographic shifts affect profits and returns across industries. Cohort size fluctuations produce...
Provided by Emory University (Goizueta)
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White Papers
Investment Needed In Nonprofit Policy Work
Aug 2008
Nonprofits can do a lot more to help shape the public policies that affect their work and constituents. Working to fix flawed policies at the root of social problems is a key role nonprofits...
Provided by Stanford University
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White Papers
Pecking Over Finance
Dec 2009
One of the biggest decisions for any chief financial officer is finding the optimal capital structure for the firm. Is the company best served by issuing stocks? Or is it best to raise capital via...
Provided by University of Michigan (Ross)
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White Papers
Stock Market: Small Firms Pack A Big Punch
Jan 2008
Size apparently matters when it comes to creating value for shareholders. This is one of the conclusions to be drawn from "IBEX 35: 1992-2007. Rentabilidad y creación de valor" ("IBEX 35,...
Provided by IESE School Of Business
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White Papers
The First Step Of The Capital Flow From Institutions To Entrepreneurs
May 2009
The authors of this paper contribute to the knowledge about the capital flow from institutional investors, via Venture Capital (VC) funds as intermediaries, to their final destination,...
Provided by IESE School Of Business
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White Papers
Investor Relations, Firm Visibility, And Investor Following
Jun 2010
The authors of this paper examine the key actions and outcomes of Investor Relations (IR) programs. Through interviews with IR professionals, we learn that attracting institutional investors in a...
Provided by University of Pennsylvania (Wharton)
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White Papers
How Does FDI In East Asia Affect Performance At Home?: Evidence From Electrical Machinery Manufacturing Firms
Sep 2008
This paper pinpoints the impact of Japanese electronic machinery FDIs on productivity at home. The analysis is based on the activity level of firms and not on their ready-made level. For example,...
Provided by Research Institute of Economy, Trade and Industry (RIETI)
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White Papers
The Discipline-Enhancing Role Of Fiscal Institutions: Theory And Empirical Evidence
Jul 2007
This paper discusses the role of fiscal institutions, including budget rules and non-partisan agencies, in enhancing fiscal discipline. A dynamic model of fiscal policy shows that optimal...
Provided by International Monetary Fund
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White Papers
GCC Monetary Union And The Degree Of Macroeconomic Policy Coordination
Oct 2007
Coordinating macroeconomic policies is a pre-requisite to a successful launch of the common currency in the GCC countries. Relying on the Behavioral Equilibrium Exchange Rate approach as a...
Provided by International Monetary Fund
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White Papers
Efficiency And Performance Of Bulgarian Private Pensions
Dec 2008
This paper assesses the performance and efficiency of the second and third pillars of the Bulgarian pension system. The Bulgarian mandatory and voluntary defined contribution pensions follow a...
Provided by International Monetary Fund
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White Papers
New Shocks, Exchange Rates And Equity Prices
Dec 2008
This paper studies exchange rate and equity price dynamics, in general equilibrium, in the presence of news shocks about future productivity and monetary policy. The author identifies a condition...
Provided by International Monetary Fund
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White Papers
When Security Analysts Talk, Who Really Listens? : Large And Small Investors Find Different Results
Aug 2010
When it comes to investing, it seems like a good idea to follow experts' recommendations. Real-world results generally support that intuition. However not all recommendations are equally...
Provided by Northwestern University (Kellogg)
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White Papers
A Bayesian-Estimated Model Of Inflation Targeting In South Africa
Jan 2008
This paper is a theoretical study of the impact of institutional quality on currency crises from a public finance point of view. Recent empirical studies leave little doubt that weak institutions,...
Provided by International Monetary Fund
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White Papers
A Small Structural Monetary Policy Model For Small Open Economies With Debt Accumulation
Jan 2008
A standard DSGE small open economy model cannot generate the cyclical regularities of middle-income countries. It predicts excessive consumption smoothing, and procyclical, instead of...
Provided by International Monetary Fund
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White Papers
Trade In The WAEMU: Developments And Reform Opportunities
Jan 2008
This paper documents the extent of financial linkages between Canada and the United States and explores the impact of changes in U.S. financial conditions on financial conditions and real economic...
Provided by International Monetary Fund
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White Papers
Business Cycles In Small Developed Economies
Feb 2008
The authors extend the literature on budget deficits and interest rates in three ways: they examine both advanced and emerging economies and for the first time a large emerging market panel;...
Provided by International Monetary Fund
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White Papers
Measuring The Informal Economy In Latin America And The Caribbean
Mar 2008
This paper proposes a framework for public debt sustainability analysis (DSA) that is complementary to that generally used by IFIs. The DSA in this paper has three components: (i) an integrated...
Provided by International Monetary Fund
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White Papers
Estimating Equilibrium Exchange Rates For Armenia And Georgia
Mar 2008
Trade theories covering Preferential Trade Agreements (PTAs) are as diverse as the literature in search of their empirical support. To account for the model uncertainty that surrounds the validity...
Provided by International Monetary Fund
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White Papers
Financial Integration And Risk-Adjusted Growth Opportunities
Mar 2008
Under what conditions are budget institutions likely to be strengthened? The authors find that fiscal deficits do not help in focusing policymakers on undertaking reforms. To the contrary, the...
Provided by International Monetary Fund
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White Papers
Much Ado About Nothing? Estimating The Impact Of A U.S. Slowdown On Thai Growth
Apr 2008
The paper relies on a firm-level data on transition economies to examine the relationship between informality and bank credit. The authors find evidence that informality is robustly and...
Provided by International Monetary Fund
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White Papers
Inflation Smoothing And The Modest Effect Of VAT In Germany
May 2008
What determines the currency to which countries peg or "anchor" their exchange rate? Data for over 100 countries between 1980 and 1998 reveal that trade network externalities are a key...
Provided by International Monetary Fund
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White Papers
Zero Corporate Income Tax In Moldova: Tax Competition And Its Implications For Eastern Europe
Jun 2008
A key challenge in government budgeting is to define an appropriate balance between current and capital expenditures. Budgeting for government capital investment also remains not wellintegrated...
Provided by International Monetary Fund
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White Papers
Foreign Aid And Real Exchange Rate Adjustments In A Financially Constrained Dependent Economy
Jun 2008
This paper uses vector autoregressions and impulse-response functions to construct a U.S. financial conditions index (FCI). Credit availability - proxied by survey results on lending standards -...
Provided by International Monetary Fund
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White Papers
Stress Testing At The IMF
Jun 2008
The Austrian government is about to introduce a new fiscal management framework. The first step is to introduce a medium-term budgetary framework, including an expenditure rule. The paper focuses...
Provided by International Monetary Fund
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White Papers
New Keynesian Exchange Rate Pass-Through
Jul 2008
The recent development literature stresses that countries that receive large revenues from natural resource endowments typically raise less revenue from domestic taxation, and that this creates...
Provided by International Monetary Fund
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White Papers
Current And Proposed Non-Oil Tax System In Azerbaijan
Jul 2008
High oil prices have once again led to large external surpluses of oil exporting countries, similar to the 1970s and 1980s. This paper analyzes the extent to which (i) oil exporters use bank...
Provided by International Monetary Fund
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White Papers
Distress In European Banks: An Analysis Based On A New Dataset
Jan 2009
The global financial crisis has highlighted the importance of early identification of weak banks: when problems are identified late, solutions are much more costly. Until recently, Europe has seen...
Provided by International Monetary Fund
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White Papers
Why Do Central Banks Go Weak?
Jan 2009
Determinants of central banks' profitability are studied using a statistical analysis of their balance sheets, country characteristics, and the macroeconomic and institutional environments in...
Provided by International Monetary Fund
-
White Papers
Bank Efficiency In Sub-Saharan African Middle Income Countries
Jan 2009
This paper uses bank level data to study the efficiency of banks in Sub-Saharan African middle-income countries and provide possible explanations for the difference in the efficiency levels of...
Provided by International Monetary Fund
-
White Papers
The Cost Of Aggressive Sovereign Debt Policies: How Much Is The Private Sector Affected?
Feb 2009
This paper proposes a new empirical measure of cooperative versus conflictual crisis resolution following sovereign default and debt distress. The index of government coerciveness is presented as...
Provided by International Monetary Fund
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White Papers
Current Account Determinants For Oil-Exporting Countries
Feb 2009
The paper aims at characterizing the main determinants of the medium-term current account balance for oil-exporting countries using dynamic panel estimation techniques. Previous studies included a...
Provided by International Monetary Fund
-
White Papers
Accounting For Output Drops In Latin America
Apr 2009
This paper evaluates what type of models can account for the recent episodes of output drops in Latin America. The author develops an open economy version of the business cycle accounting...
Provided by International Monetary Fund
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White Papers
Ponzi Schemes In The Caribbean
Apr 2009
In several Caribbean states, unregulated investment schemes grew quickly in recent years by claiming unusually high monthly returns and through a system of referrals by existing members. These are...
Provided by International Monetary Fund
-
White Papers
The Federal Reserve System Balance Sheet-What Happened And Why It Matters
May 2009
The recent expansion of the balance sheet of the consolidated Federal Reserve Banks (FRB) is analyzed in an historical context. The analysis reveals that the nature of Fed involvement in U.S....
Provided by International Monetary Fund
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White Papers
Bank Competition, Risk And Asset Allocations
Jul 2009
This paper studies a banking model in which banks invest in a riskless asset and compete in both deposit and risky loan markets. The model predicts that as competition increases, both loans and...
Provided by International Monetary Fund
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White Papers
How The Financial Crisis Affects Pensions And Insurance And Why The Impacts Matter
Jul 2009
This paper discusses the key sources of vulnerabilities for pension plans and insurance companies in light of the global financial crisis of 2008. It also discusses how these institutional...
Provided by International Monetary Fund
-
White Papers
Why Are Canadian Banks More Resilient?
Jul 2009
This paper explores factors behind Canadian banks' relative resilience in the credit turmoil. The author identifies two main causes: a higher share of depository funding (vs. wholesale funding) in...
Provided by International Monetary Fund
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White Papers
The Quality Of Public Investment
Jul 2009
This paper develops a growth model with specialized goods where inefficient and corrupt bureaucracies interact with the provision of public investment services in affecting the productivity of...
Provided by International Monetary Fund
-
White Papers
Spillovers Of The U.S. Subprime Financial Turmoil To Mainland China And Hong Kong SAR: Evidence From Stock Markets
Aug 2009
This paper focuses on evidence from stock markets as it investigates the spillovers from the United States to mainland China and Hong Kong SAR during the subprime crisis. Using both univariate and...
Provided by International Monetary Fund
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White Papers
Valuation Of Unlisted Direct Investment Equity
Nov 2009
This paper analyzes the seven valuation methods for unlisted direct investment equity included in the recently adopted IMF Balance of Payments and International Investment Position Manual, Sixth...
Provided by International Monetary Fund
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White Papers
Top-Down Budgeting - An Instrument To Strengthen Budget Management
Nov 2009
This paper examines the rationale for a top-down approach to budget preparation and approval, and discusses some factors that have to be considered when reorienting the budget process along these...
Provided by International Monetary Fund
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White Papers
Governance And Fund Management In The Chinese Pension System
Nov 2009
Governance of pension fund management is important as it impacts investment performance and critically determines the success of policies aimed at pre-funding pension liabilities. Internationally...
Provided by International Monetary Fund
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White Papers
Credit Derivatives: Systemic Risks And Policy Options?
Nov 2009
Credit derivative markets are largely unregulated, but calls are increasingly being made for changes to this "Hands off" stance, amidst concerns that they helped to fuel the current financial...
Provided by International Monetary Fund
-
White Papers
Post-Crisis Bank Behavior: Lessons From Mercosur
Jan 2010
Did the occurrence of systemic banking crises in the 1990s and 2000s significantly alter the behavior of banks in the Mercosur? The objective of this paper is to answer this question by analyzing...
Provided by International Monetary Fund
-
White Papers
Inherited Or Earned? Performance Of Foreign Banks In Central And Eastern Europe
Jan 2010
Using a combination of propensity score matching and difference-in-difference techniques the author investigates the impact of foreign bank ownership on the performance and market power of...
Provided by International Monetary Fund
-
White Papers
Correlations In Emerging Market Bonds: The Role Of Local And Global Factors
Jan 2010
This paper examines the co-movement in emerging market bond returns and disentangles the influence of external and domestic factors. The conceptual framework, set in the context of asset...
Provided by International Monetary Fund
-
Case Studies
Finance Transformation In Financial Services
Jun 2008
A large insurance company wanted its finance function to provide strategic analysis and valuable business insights. However, it realized that its finance associates were spending around 75% of...
Provided by Deloitte LLP
-
Case Studies
Finance Transformation In Pharmaceuticals: When The Party's Over
Jun 2008
The 1990s saw the whole pharmaceutical industry register exceptional growth and record profits and hence not much attention paid to the inefficient way the industry functioned. It is the recent...
Provided by Deloitte LLP
-
Case Studies
Finance Transformation In Pharmaceuticals - From The F Troop To The 82nd Airborne
Jun 2008
The finance function of one of the leading pharmaceutical company was generating significant business value through its understanding of company issues, its analytical capabilities, and its...
Provided by Deloitte LLP
-
Case Studies
Finance In Focus
May 2010
When two large banks merged, the challenge for the resulting Finance function was to make sense of two very different ways of doing business in quick time so as to get its functioning in sync....
Provided by Deloitte LLP
-
White Papers
Avoiding Pitfalls Of Working Capital True-Ups
Feb 2010
While optimism about M&A activity is increasing, deals remain highly sensitive to pricing. Because working capital true-ups may result in a significant purchase price adjustment, private equity...
Provided by Bank of America
-
Webcasts
How To Value Of Goodwill In Modern Economies
Apr 2009
The presenter of the webcast talks about the valuation of intagible assets in quoted companies.
Provided by Howcast
-
White Papers
The CFO's Role In Achieving Operational Excellence
Apr 2009
Over the past several years, CFO Research Services has documented the expansion of the role of the CFO from a traditional oversight function to that of performance manager. This current paper...
Provided by CFO Publishing
-
White Papers
The Impact Of New M&A Accounting Standards In An Improving Marketplace
Jun 2010
The new M&A accounting standards increase the potential for dilution and volatility to be reported in post-acquisition results. Sophisticated dealmakers who plan to be active in an M&A rebound...
Provided by Bank of America
-
White Papers
Bank Of America Business Capital: Perspectives On U.S. Economic Performance
May 2010
For the past 12 years, Bank of America Merrill Lynch has conducted a survey of financial executives at U.S. manufacturing companies to understand better how CFOs view the economy and get their...
Provided by Bank of America
-
White Papers
CFOs Assume Leadership Roles To Drive Greater Value From Operational Excellence Programs
Apr 2010
To generate greater value from operational excellence programs, CFOs need to take a more active role. They can serve as trusted business advisors to CEOs, thereby helping to set a firm foundation...
Provided by Accenture
-
White Papers
High Performance Business In China: Pioneering The Future Amidst Financial Crisis
Nov 2008
China presents a fascinating landscape for studying business performance. The author continues to believe that companies seeking to compete on the global stage must have a growth strategy for...
Provided by Accenture
-
Case Studies
Vikram Akula's SKS Microfinance Pvt. Ltd.: The Making Of A Successful Microfinance Institution
Feb 2010
"Vikram Akula (Akula), the founder of one of the world's fastest growing microfinance institution (MFI), SKSMicrofinance Private Limited (SKS), was recognized by the Time magazine in its list of...
Provided by IBS Case Development Centre
-
White Papers
Protect Your Finances While On Vacation: Control Costs And Enjoy Peace Of Mind When Traveling
Jan 2010
Does your vacation-planning checklist include controlling costs and protecting your money while you travel? If not, it should. Before you head off on holidays, here are a few suggestions to keep...
Provided by Bank of America
-
Case Studies
Bajaj Auto: Evaluating The Working Capital Requirements
Feb 2010
Over the past two decades, the Indian automobile industry has grown leaps and bounds, at a Compound Annual Growth Rate (CAGR) of 9%. It is the second-largest two-wheeler and fourth-largest...
Provided by IBS Case Development Centre
-
Case Studies
US Financial Crisis: Is It theMoment For Bretton Woods II?
Feb 2010
To discuss the US financial crisis (2008) that has engulfed the whole world and therefore requires synchronized coordinated global action, the US President George Bush invited the leaders of the...
Provided by IBS Case Development Centre
-
White Papers
Corporations And Ethics: Lessons From The Front Lines Of The Financial Meltdown
Mar 2010
The global financial meltdown has placed business behavior under the microscope, resulting in no shortage of guilty parties charged with responsibility for the fiasco. But which groups deserve...
Provided by University of Pennsylvania (Wharton)
-
White Papers
Predicting Short-Term Eurodollar Futures
Nov 2008
The authors of this paper propose and illustrate a structural model for the forward curve produced by Eurodollar futures contracts. The model provides a three-part functional decomposition of the...
Provided by University of Pennsylvania (Wharton)
-
White Papers
Fast Snd Accurate Detection Of Document Skew And Orientation
Jun 2007
This paper presents a document skew and orientation detection technique. The proposed technique estimates document skew and orientation based on the observation that text images normally hold a...
Provided by National University of Singapore School of Business
-
White Papers
Stocks Of Bad Companies Often Outperform Those Of Good Ones
Feb 2008
According to a study by Deniz Anginer, a doctoral student in finance at Michigan's Ross School of Business, stocks of admired companies have lower returns, on average, than stocks of despised...
Provided by University of Michigan (Ross)
-
White Papers
Inspiring Innovation In The Silicon Valley Housing Market
Jan 2008
Deep in the gloom of today's declining housing market, few investors see any reason for optimism. But an ACT team focused on affordable housing in the Bay area found a silver lining amidst the...
Provided by Stanford University
-
White Papers
The Inexplicable Vitality Of Pension Funds
Feb 2008
Despite promises of returns on pension plans, the fact is that with these investments, the loss column is outweighing the profits. Yet, judging by the rate of investment in these plans, the lack...
Provided by IESE School Of Business
-
White Papers
Should Managers Provide Forecasts Of Earnings?
Sep 2009
Despite the risk of manipulation, management forecasts of earnings in investor communications are beneficial, says a University of Michigan researcher. In a new study commissioned by the...
Provided by University of Michigan (Ross)
-
White Papers
A New Benchmark For High-Performance Investment
Jan 2008
Equity indices play an important role in passive and active portfolio management. In the vast majority of cases, the assets in these benchmarks are weighted by market capitalization. There have...
Provided by IESE School Of Business
-
White Papers
Faulty Judgment In Valuation
Jan 2008
Financial experts tend to agree that book value is not a good determinant of share value, especially in the case of well-established companies whose future direction seems assured. However,...
Provided by IESE School Of Business
-
White Papers
Black Swans, A Wild Goose Chase
Jan 2009
From the Black Monday of October 19, 1987, to the September 11 attacks: When the seemingly impossible comes to pass, has a massive impact and seems to be predictable in retrospect, then we have...
Provided by IESE School Of Business
-
White Papers
Hedge Fund Manager's Alma Mater Matters
Aug 2007
Hedge fund investors seeking superior performance are well-advised to select younger, well-educated fund managers who are highly devoted to their jobs, says a University of Michigan business...
Provided by University of Michigan (Ross)
-
White Papers
India's New Stock Market Story And Its' Next Trillion Dollar Opportunity'
Apr 2009
If there's one thing Raamdeo Agrawal has learned over 22 years as an investor, it's that the stock markets "always come up with a story every four or five years." Soya processing and leasing...
Provided by University of Pennsylvania (Wharton)
-
White Papers
Directors And Professors Treat Market Risk Differently
Jan 2008
In "Market Risk Premium Used: Survey 2008," IESE Prof. Pablo Fernández put three simple questions to 424 business executives and professors, mostly Spaniards. What market risk premium does your...
Provided by IESE School Of Business
-
White Papers
Shareholder Vs. Stakeholder: Two Approaches To Corporate Governance
Jan 2008
In countries with an Anglo-Saxon legal tradition, such as the United States, United Kingdom, Canada and Australia, corporate governance typically focuses on the firm's outside investors, mainly...
Provided by IESE School Of Business
-
White Papers
Control Motivations And Capital Structure Decisions
Sep 2009
This paper investigates the use of leverage as one channel through which control-motivated blockholders can defend their corporate control. Such blockholders face a trade-off between raising...
Provided by Indiana University
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White Papers
Corporate Financial And Investment Policies When Future Financing Is Not Frictionless
Sep 2008
The paper studies a model in which future financing constraints lead firms to have a preference for investments with shorter payback periods, investments with less risk, and investments that...
Provided by Ohio State University (Fisher)
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White Papers
Momentum And Long-Run Risks
Nov 2007
The paper models the cross section of equity securities inside a long-run risks economy of Bansal and Yaron (2004). Consistent with the implications of the model, it shows a new empirical stylized...
Provided by University of Pennsylvania (Wharton)
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White Papers
Diving Into Dark Pools
Jun 2010
This paper examines unique data on dark pool activity for a large cross-section of US stocks in 2009. Dark pool activity is concentrated in large firms, stocks with high share volume, high price,...
Provided by Ohio State University (Fisher)
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White Papers
Demographics And Industry Returns
Dec 2007
How do investors respond to predictable shifts in profitability? The paper considers how demographic shifts affect profits and returns across industries. Cohort size fluctuations produce...
Provided by Emory University (Goizueta)
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White Papers
Investment Needed In Nonprofit Policy Work
Aug 2008
Nonprofits can do a lot more to help shape the public policies that affect their work and constituents. Working to fix flawed policies at the root of social problems is a key role nonprofits...
Provided by Stanford University
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White Papers
Pecking Over Finance
Dec 2009
One of the biggest decisions for any chief financial officer is finding the optimal capital structure for the firm. Is the company best served by issuing stocks? Or is it best to raise capital via...
Provided by University of Michigan (Ross)
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White Papers
Stock Market: Small Firms Pack A Big Punch
Jan 2008
Size apparently matters when it comes to creating value for shareholders. This is one of the conclusions to be drawn from "IBEX 35: 1992-2007. Rentabilidad y creación de valor" ("IBEX 35,...
Provided by IESE School Of Business
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White Papers
The First Step Of The Capital Flow From Institutions To Entrepreneurs
May 2009
The authors of this paper contribute to the knowledge about the capital flow from institutional investors, via Venture Capital (VC) funds as intermediaries, to their final destination,...
Provided by IESE School Of Business
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White Papers
Investor Relations, Firm Visibility, And Investor Following
Jun 2010
The authors of this paper examine the key actions and outcomes of Investor Relations (IR) programs. Through interviews with IR professionals, we learn that attracting institutional investors in a...
Provided by University of Pennsylvania (Wharton)
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White Papers
Persistence Of Outstanding Performance And Shareholder Value Among Diversified Firms
Jul 2008
The research domain that attempts to study the relationship between diversification and performance has not yet reached definitive and interpretable findings, and recent studies challenge the...
Provided by IESE School Of Business
