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"The costs of insufficient cash, referred to as "ripple effects," are discussed in detail. They arise because the firm is unable to invest in value-enhancing projects, must raise expensive external capital, or is forced to sell assets. Firms with the greatest potential to experience ripple effects include those with good investment opportunities, long-lasting products, unique assets, opaque operations, and high correlation with peers. Those firms should project future cash distributions, because it is cheaper and easier to remedy a predicted cash shortage before it occurs"--
As there is no current book that deals extensively or exclusively with survey research in corporate finance Survey Research in Corporate Finance is the only one of its kind. For even while there are numerous books on survey methodology, none focus on this methodology as specifically applied to corporate finance. In the book, Baker, Singleton, and Velt do nothing less than provide an overview of survey methodology useful to financial researchers, synthesize the major streams or clusters of survey research in corporate finance, and offer a valuable resource and guide for those interested in conducting survey research in finance. Thus this volume will be an essential reference for practitioners...
The Ben cao gang mu, compiled in the second half of the sixteenth century by a team led by the physician Li Shizhen (1518–1593) on the basis of previously published books and contemporary knowledge, is the largest encyclopedia of natural history in a long tradition of Chinese materia medica works. Its description of almost 1,900 pharmaceutically used natural and man-made substances marks the apex of the development of premodern Chinese pharmaceutical knowledge. The Ben cao gang mu dictionary offers access to this impressive work of 1,600,000 characters. This third book in a three-volume series offers detailed biographical data on all identifiable authors, patients, witnesses of therapies, transmitters of recipes, and further persons mentioned in the Ben cao gang mu and provides bibliographical data on all textual sources resorted to and quoted by Li Shizhen and his collaborators.
Some Historical Background This book deals with the cohomology of groups, particularly finite ones. Historically, the subject has been one of significant interaction between algebra and topology and has directly led to the creation of such important areas of mathematics as homo logical algebra and algebraic K-theory. It arose primarily in the 1920's and 1930's independently in number theory and topology. In topology the main focus was on the work ofH. Hopf, but B. Eckmann, S. Eilenberg, and S. MacLane (among others) made significant contributions. The main thrust of the early work here was to try to understand the meanings of the low dimensional homology groups of a space X. For example, if the universal cover of X was three connected, it was known that H2(X; A. ) depends only on the fundamental group of X. Group cohomology initially appeared to explain this dependence. In number theory, group cohomology arose as a natural device for describing the main theorems of class field theory and, in particular, for describing and analyzing the Brauer group of a field. It also arose naturally in the study of group extensions, N
Focusing on market microstructure, Harris (chief economist, U.S. Securities and Exchange Commission) introduces the practices and regulations governing stock trading markets. Writing to be understandable to the lay reader, he examines the structure of trading, puts forward an economic theory of trading, discusses speculative trading strategies, explores liquidity and volatility, and considers the evaluation of trader performance. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).
In an efficient market, all stocks should be valued at a price that is consistent with available information. But as financial expert Singal points out, there are circumstances under which certain stocks sell at a price higher or lower than the right price. Here he discusses ten such anomalous prices and shows how investors might--or might not--be able to exploit these situations for profit.
Working Capital Management provides a general framework that will help managers understand working capital using a comprehensive approach that links operating decisions to their financial implications and to the overall business strategy. It will also help managers to gain a better understanding of the key drivers to profitability and value creation.