Archive: décembre, 2011

FT 2

GLOBAL MBA RANKINGS 2011 – FT.COM BUSINESS SCHOOLS RANKINGS -

TOP TEN MBA RANKINGS 2011 LONDON BUSINESS SCHOOL. WHARTON. HARVARD. INSEAD. STANDFORD UNIVERSITY GSB. HONG KONG UST BUSINESS SCHOOL. COLUMBIA BUSINESS SCHOOL. IE BUSINESS SCHOOL. IESE BUSINESS SCHOOL MIT SLOAN SCHOOL OF MANAGEMENT MORE ON FT.COM : London Business School University of Pennsylvania: Wharton Harvard Business School Insead Stanford University GSB Hong Kong UST Business [...]

M&As

VALUE CREATION THROUGH MERGING : ANALYSIS AND IMPLICATIONS…

A VARIETY OF MOTIVES COULD DRIVE A FIRM TOWARD A MERGER, BUT THE OVERRIDING GOAL SHOULD BE MAXIMIZATION OF THE  SHAREHOLDERS’ WEALTH (SHARE PRICE). OTHER SPECIFIC MERGER MOTIVES INCLUDE GROWTH OR DIVERSIFICATION, SYNERGY, FUND RAISING, INCREASED MANAGERIAL SKILL OR TECHNOLOGY, TAX CONSIDERATIONS, INCREASED OWNERSHIP LIQUIDITY, AND DEFENSE AGAINST TAKEOVER. THE ASSERTION THAT MERGER ACTIVITY CREATES [...]

PORTFOLIOS

PORTFOLIO PERFORMANCE : DO INVESTORS MAKE ADEQUATE RISK-RETURN ASSESSMENTS ?

MOST INVESTORS HAVE A GENERAL IDEA OF RISK BUT USUALLY FIND THE CONCEPT DIFFICULT TO EXPLAIN IN CONCRETE TERMS… WE LIVE IN AN EXTREMELY COMPLEX BUSINESS ENVIRONMENT. NOT ONLY DO MANY DOMESTIC FACTORS INFLUENCE AND INVESTMENT’S RETURN, BUT WE ALSO MUST CONSIDER INTERNATIONAL FACTORS AS WELL. THIS DIFFERENCE RESULTS FROM DIVERSIFICATION OF ASSETS AND THE [...]

1

WHAT QUANTITATIVE FINANCIAL ECONOMICS HAVE TO OFFER…

ECONOMETRIC MODELS AND ECONOMIC FORECASTS ARE BOTH THE SCIENCE AND ART OF BUILDING AND USING MODELS. THE SCIENCE OF MODEL BUILDING CONSISTS OF A SET OF TOOLS, MOST OF THEM QUANTITATIVE, WHICH ARE USED TO CONSTRUCT AND THEN TEST MATHEMATICAL REPRESENTATIONS OF PORTIONS OF THE REAL WORLD. THE DEVELOPMENT AND USE OF THESE TOOLS ARE [...]

STOP WORK GET RICH

EASY !… : JUST LEARN HOW TO DEAL WITH 3 BASIC TYPES OF INVESTMENT TRANSACTIONS !…(BUT REMEMBER THAT ONLY A FOOL TESTS THE DEPTH OF THE WATER WITH BOTH FEET !…)

AN INVESTOR CAN MAKE A NUMBER OF BASIC TYPES OF SECURITY TRANSACTIONS. EACH TYPE IS AVAILABLE TO THOSE WHO MEET CERTAIN REQUIREMENTS ESTABLISHED BY VARIOUS GOVERNMENT AGENCIES AS WELL AS BY BROKERAGE FIRMS. « GOING LONG » AN INVESTMENT MEANS BUYING IT IN THE EXPECTATION OF A FUTURE PRICE RISE. « GOING SHORT » IS THE OPPOSITE : SELLING [...]

WALL STREET

THE LBO PHENOMENON : SHAREHOLDER VALUE THROUGH FINANCIAL STRATEGY.

SHAREHOLDER VALUE-BASED MANAGEMENT IS  STILL INCREASINGLY SPOKEN OF, BUT LITTLE UNDERSTOOD. THIS POST PROVIDES SOME GROUNDING. LBOs ARE BASED ON FINANCIAL LEVERAGE. AS THE NAME IMPLIES, A LEVERAGED BUYOUT IS AN ACQUISITION USING DEBT AS THE MAJOR FUNDING SOURCE. UNLIKE CONVENTIONAL ACQUISITIONS, WHERE DEBT IS OFTEN USED BUT IN MODERATE AMOUNTS, THE LBO USES IT [...]

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