Merger drivers and the change of bidder shareholders' wealth. A growing number of merger studies concern the causality of firm performance and merger activity in the last decade, but with mixed results. Assuming semi-strong efficiency, this article argues that firms with good stock performance are Assuming semi-strong efficiency, this article argues that firms with good stock performance are more likely to acquire other firms.
With US-listed bidders, results from the event study method clearly support our hypothesis by showing a strong upward movement of cumulative abnormal returns across groups in the pre-merger period. Results also suggest that bidders of different As Bill Clinton left office as president, for example, he appointed As Bill Clinton left office as president, for example, he appointed several Page 5.
Developing long-term competitiveness through information technology assets. ABSTRACT Claims that information technology can be a source of competitive advantage, which populated business literature in the late s, have been largely discredited. Nonetheless, business executives continue to look for ways,to Nonetheless, business executives continue to look for ways,to apply iThis paper describes the characteristics of strong IT assets and offers strategies for developing,them. Developing Long-term Competitiveness through Information Technology Assets Consider the two quite different situations.
Claims that information technology can be a source of competitive advantage, which populated business literature in the late s, have been largely discredited. Nonetheless, business executives continue to look for ways,to apply iThis Related Topics. Investment Portfolio Management. Follow Following. Investment analysis and valuation. Bear Sterns. Strategy Business. Ancient civilizations. Private Equity. Corporate Banking. MBA finance. Ads help cover our server costs.
Remember me on this computer. Enter the email address you signed up with and we'll email you a reset link. Need an account? Click here to sign up. An investment banker is someone whose job is to make investments as successful and as profitable as possible. My dream job would be to become an Investment Banker, however although the benefits of the job are spectacular so are the drawbacks. Investment Banking is different from Commercial Banking, which is what most people think of when they hear the word bank, commercial banks serve as managers for deposit accounts for businesses and individuals, whereas investment banks speed up the purchase and sales of bonds, stocks and other investments.
Investment Banking EFGHremes Introduction to the topic: The topic we are approaching is Fund Management Companies; the job of those companies is to manage the funds or in simpler terms the money of the individuals or the corporations. They take the money and invest it through one of many different methods like buying shares in a promising company, for example. This is very simply what fund management companies do. What we did is that we chose a practical example for a fund management company.
The job of an investment analyst in a banking firm such as Goldman Sach and JPMorgan is to oversee whether or not an investment made by customers will bear fruits, but in order to do so, one must be skillful either in accounting or finance. A clear understanding in one of those majors is necessary because an investment banking analyst will be dealing with a bunch of financial research in stock and bond market and also in companies.
Thus, providing information for the customers to help their decision. Abstract Investment banking provides services to their client for investment in capital market through share; these services are based on research activity. In this, primarily the act of the purchasing and selling of shares includes. Investment banking organization performs role as an intermediate between investor and capital market.
Investment banking has now gained considerable position in Indian capital market on the basis. An investment bank performs two basic functions: raising capital for companies and providing advising services on financing and merger activities. In other words, it connects the firms that need capital with many investors who have capital to spend.
As an advisor, it counsels other companies on acquisitions, restructurings, spinoffs or such actions. On the other hand, information plays a huge role in investment banking. An efficient market relies hugely on information.
For example, the lack of information. Home Page Investment Banking. Free Investment Banking Essays and Papers. Satisfactory Essays.
The firm also had its share of high-profile misfires for example: Webvan, Etoys when the dot. Figure 5 — Current status of selected IPO Figure 5 — Current status of selected IPO firms launched during the dotcom bubble era Global enterprises in fields of governance. Using a sample of 2, seasoned equity offerings SEOs from to , we show that the marketing of securities is important to issuers.
The number of managing underwriters for an SEO is negatively related to the offer price The number of managing underwriters for an SEO is negatively related to the offer price discount, especially when the relative offer size is large and the stock return volatility is high.
Larger investor networks of comanaging underwriters also lower offer price discounts. But its impacts upon local communities, in this case in the Ol Karia area of Nakuru County, are often negative, and geothermal Many questions have been raised about the role of the state and international financial institutions IFIs. Accusations abound at grassroots level of nepotism, corruption and discrimination, and some indigenous residents accuse the majority Maasai of doubly marginalising them in the scramble for rights and benefits.
The recent global crisis has clearly proven that we do live in a global economy! A global economy that is interconnected to such extend, that movements in exchange rates, interest rates, stock prices and prices of goods are influenced in Exchange rate prediction using fuzzy system neural network approach. We forecasted the daily Bangladeshi and Canadian exchange rate series for the We forecasted the daily Bangladeshi and Canadian exchange rate series for the period of October to January Paying attention with recently developed econometric noises, we considered widely-used non-linear forecasting model namely the fuzzy extension of artificial neural network model and compared results with the Markov switching autoregressive model.
Our target is to investigate whether selected model can serve as a useful forecasting model to find volatile and non-linear behaviors of the considered exchange rate series. By most commonly used statistical measures: Root mean square error and correlation coefficient we found that fuzzy extension of the artificial neural network model is a superior predictor than the other selected predictor for the Bangladeshi series and the reverse observed for the Canadian series.
The findings will have implications for many kinds of businessmen and multinational organizations. We believe findings of this paper will be helpful to make a wide range of policies for multinational companies who are involved with various international business activities.
Capital market development and corporate governance in Poland: The way forward. Current Challenges In Financial Regulation. Current challenges in financial regulation. Abstract: This study explores the strategic interaction between large institutional investors and firms that issue put options written on their own stock.
The firms experience large positive abnormal annual returns after they sell put Investment Banking 25, Followers. Papers People. Changing perceptions of meritocracy in senior women's careers. Save to Library. CoinRabbit is a crypto lending platform that believes your cryptocurrency should work for you right now, without fear of losing it and without waiting for the rate to rise to a certain level.
Dilemmas of financial development in Kazakstan. After establishing a two-tier banking system with the National Bank of Kazakstan as the central monetary authority, banks were separated between deposit taking After establishing a two-tier banking system with the National Bank of Kazakstan as the central monetary authority, banks were separated between deposit taking institutions and investment banks.
The priorities of the monetary authority have been the introduction of the tenge as the new national currency, the design of the appropriate techniques of monetary control and the pursuit of price stabilization. The problems facing the reform of commercial banks relate to their specialization by sector of economic activity, high concentration, lack of expertise in risk assessment, the incidence of bad loans, the establishment of a clear legal, accounting and regulatory framework, and the development of fully functioning securities markets.
Universal-bank underwriting and conflicts of interest: Evidence from German initial public offerings. The Emerging Patent Marketplace. Facilitating the mobilisation, sharing, or exchange of patents is increasingly important to promote innovation in this globalised and well-networked world, where the circulation of ideas and technologies is essential to innovation. In the In the context of open innovation, patents are expected to play a role as a means for transferring ideas and technologies from one entity to another, in addition to.
Prestige Without Purpose? Reputation, Differentiation, and Pricing in U. Equity Underwriting. The role of financial relationships in the history of American corporate finance. The object of the research is national and regional approaches to ensuring cybersecurity in the member states of the Association of Southeast Asian Nations in the digitalized economy. The article describes features of the regulatory and The article describes features of the regulatory and institutional mechanisms of cybersecurity at the national and regional levels, and determines the role of the leading states of the region in shaping the digitalization vector of the economy.
The methodological basis of the study includes systemic-structural, formal-logical and hermeneutical methods of scientific knowledge using special legal methods of cognition comparative legal and historical legal. The national approaches of ASEAN member states in information security are determined by many factors, which af ects the level of security in a specific state.
However, state economies are interconnected and require harmonization of regulatory and institutional standards. At the regional level, initiatives so far cover the foreign policy aspect and consist of establishing sustainable relations, inter-agency cooperation and mutual assistance.
The unification of standards will help achieve several goals: the sustainability of the digital economic system of the region, the growth of the qualitative and quantitative level of training, the increase in the investment attractiveness of the financial sector, and simplification of the procedures for creating FinTech companies. Singapore is taking the initiative in the region, however, Malaysia and Thailand are actively participating in the integration processes, so it can be assumed that the active position of most ASEAN participants will help them quickly achieve the desired results.
Merger drivers and the change of bidder shareholders' wealth. A growing number of merger studies concern the causality of firm performance and merger activity in the last decade, but with mixed results.
This volume focuses on regional development banks RDB and provides a comprehensive, comparative and empirically informed analysis of their origins, evolution and contemporary role in the world economy. A volume on RDB is timely for four A volume on RDB is timely for four major reasons. First, since their establishment, the importance of RDB lending has increased significantly. In other words, RDB may be more A second reason for the timeliness of this volume is that RDB have experienced a renaissance over the past few years.
Global MDB and most RDB were established during a specific historical moment—at the end of the Second World War and over the following decade—and their governance and shareholder structures reflect this specific political-economic juncture. Jakob Vestergaard and Robert Wade , argue that there has been determined resistance from the US, Japan and a number of European governments to power sharing with rising economic powers within the World Bank and IMF.
This re-assertion of East and South has included the establishment of new national and regional evelopment banks. MDB Griffiths-Jones et al. A major line of analysis associated with this literature is the extent to which RDB have advantages associated with greater geographical, economic and cultural proximity with regard to their shareholders and the countries to which they provide loans, than global MDB.
RDB are thought to be better positioned to give voice to their members, especially to small or medium-sized countries, which may otherwise struggle to be heard in global MDB. This in turn leads to the expectation that RDB are better placed to respond to the needs and demands of their members. RDB are also considered to be more flexible, relying often on informal mechanisms of peer pressure, as opposed to harder conditionality. Furthermore, RDB are thought to present an arena whereby agreements through negotiation are easier than in global MDB, largely based on the assumption that members are both lenders and borrowers Griffith-Jones et al.
Given the increased importance of RDB it is important to study them on their own terms. Fourth, the time is ripe to examine RDB in the context of the aftermath of the international financial crisis and the Great Recession of the late s, as criticism of the role of both global MDB and RDB has intensified. This recent wave of criticism is not unprecedented.
Each major international economic and financial crisis that occurred since the Second World War triggered a reassessment of the very foundations and sustainability of global MDB and RDB. The first wave of criticism emerged in parallel to the debt crisis after the collapse of the Bretton Woods system in the s Babb Criticism intensified again in the aftermath of the Cold War in the s, with the collapse of most political regimes that had pursued a command economy, particularly the Union of Soviet Socialist Republics USSR , followed by their economic transition to a form of capitalism and an era of rapid globalisation.
Since the crisis—which mainly affected the richest countries, notably the United States US and in Europe—critics have asserted that development banks did not do enough Griffiths Jones et al. In India, banking jobs are one of the most stressful occupations. While working in stressful conditions, and bearing responsibility and accountability, bank officers lead a full life during their years on the job.
However, on attaining However, on attaining the age of superannuation, their life changes drastically. The present study analyses how the life of bank officers changes after retirement, and how they use their knowledge and experience of the financial world in making worthwhile contributions to the banking sector and the Indian economy. The study is conducted on retired public sector bank officers in India. The retired bank officers, from junior officer cadre to senior grades, from different public sector banks across the country were invited to respond to a structured questionnaire.
Convenience sampling was used for selection of the respondents and the response of around retired bank officers was received. On analysis of the data, it has been observed that though there are ample job opportunities after retirement, bank officers do not wish to be employed gainfully. It has been suggested that retired bank officers should contribute towards making the public financially literate. Related Topics. Investment Portfolio Management. Follow Following. Investment analysis and valuation.
Bear Sterns. Strategy Business. Ancient civilizations. However, there is some evidence of better risk oversight both from managers and the board. Around the corner: The transformative benefits of AI and big data. When Eastern Bank decided to battle a threat from new competitors, it hired a fintech executive to set up Eastern Labs and start innovating.
Karen Mills discusses her case study on what happened next. This paper contributes to our understanding of the role of large institutional investors in securities markets, providing evidence that the structure of the mutual fund industry increases the risks of costly "fire sales. Between and , the Top 4 banks sharply decreased their lending to small business.
This paper examines the lasting economic consequences of this contraction, finding that a credit supply shock from a subset of lenders can have surprisingly long-lived effects on real activity. Mobile money agents in the developing world face a key inventory management challenge: How much cash and e-float should be held to minimize both stockouts and excess working capital? The authors develop two inventory models and show substantial inventory cost reduction with a large dataset of East African mobile money transactions.
Startups welcome growth but are often strangled by it. In this podcast, Sunil Gupta discusses how entrepreneur Vijay Shekhar Sharma is meeting this challenge with his mobile payments company Paytm. Global banks commonly move funds across markets to respond to differential monetary policy changes.
This paper finds that cross-currency flows affect the cost of foreign exchange hedging, ultimately affecting credit supply in different currencies. The traditional view of how global banks respond to local shocks is weakened and, for major currencies, breaks down. How do commercial banks create value? This paper represents the first attempt to empirically identify the primary determinants of cross-sectional variation in bank value.
Among the findings: A bank's ability to produce deposits is by far the most important determinant in explaining cross-sectional variation in bank value. It is clear that risk-taking by financial institutions is one of the main causes of financial crises and severe recessions. Yet we know relatively little about what gives rise to such risk-taking in the first place. This paper presents evidence that a focus on short-term stock prices induces publicly-traded banks to increase risk relative to privately-held banks.
The findings provide support for the view that compensation schemes should require management to hold stock for longer periods to mitigate their incentives to pump up short-term earnings and the short-term stock price. This study at the intersection of macroeconomics and banking explores the optimal regulation of banks.
Studying and quantifying the effects of capital requirements in a model that features regulated commercial and unregulated shadow banks, the authors find that a higher capital requirement makes regulated banks safer, but does not affect the riskiness of shadow banks. The net benefit of such a policy would depend on the level of fragility of the unregulated banks.
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