Journal of Banking & Finance 27 (2003) 1297–1321 www.elsevier.com/locate/econbase Corporate governance, dividend payout policy, and the interrelation between dividends, R&D, and capital investment Klaus Gugler * Department of Economics, University of Vienna, WP No. 9803, Br€nnerstrasse 72, 1210 Vienna, Austria u Received 12 October 2000; accepted 5 November 2001 Abstract This paper investigates the relationship between dividends and the ownership and control structure of the firm. For a panel
Words: 13500 - Pages: 54
industry and we used Jones model to detect discretionary accruals in the subject companies. Specifically, we examined three oil and gas sample companies that have been required to restate their financial reports due to the oil reserve overestimation. After running the regression and comparing statistics with other oil and gas companies, we found that the sample companies do revise oil reserves to manipulate the DDA expenses, thus achieving their goals of earnings management. Some recommended auditing
Words: 3905 - Pages: 16
check the top two box data tap data analysis at right data analysis plus Statistical terms What is statistics? A way to get info from data. descriptive statistics: organize and summarize data inferential statistics: process of making a: prediction estimate decision About a population based on sample data Population: all items of interest Sample: a subset of a population Population: all items of interest Measures of reliability: built into statistical processes (p5) two kinds: confidence
Words: 627 - Pages: 3
Genomic Health, Inc. External Analysis Report Presented to: Dr. Karen Middleton Texas A&M University – Corpus Christi Submitted by: Jacinda Martinez Jennifer Kindred Shiwei Chen Yang Gao Ying Zhang October 16, 2013 TABLE OF CONTENTS LIST OF TABLES iii EXECUTIVE SUMMARY iv INTERNAL ENVIRONMENT 1 MISSION STATEMENT 1 FINANCIAL RATIO ANALYSIS 1 STOCK ANALYSIS 2 VRIO TEST 3 CORE COMPETENCIES 3 Research & Development 3 Patents 5
Words: 5057 - Pages: 21
Caffeine was isolated from tea by a sequence of solvent extractions of hot water and dichloromethane. The solid- liquid extraction, which involved hot water, removed the caffeine from the tea leaf and left behind cellulose and soluble organics. The lab actually began with the liquid- liquid extraction that involved dichloromethane and tea, and partitioned components in the layers based off their solubility in the two solvents. Since caffeine is moderately polar, it dissolves in hot water but more
Words: 254 - Pages: 2
different approaches to deduce the true level of household income for each of the seven Chinese income categories (lowest income, low income, lower middle income, middle income, upper middle income, high income, and highest income). We found that the ratio of our estimated income to official income increased from 1.12 for the lowest income group to 3.19 for the highest income group. Total household disposable income in 2008 is RMB 14.0 trillion according to the official data but RMB 23.2
Words: 11465 - Pages: 46
Consultants, LLC Subject: Statistical Analysis Results for Nevada Gaming, Incorporated Thank you for trusting Statistical Consultants, LLC to provide you with a summary for the data you provided in regards to your gaming empire. The purpose of this report is to explain the results of our research. I. Introduction Your factory in Jean, Nevada has 800 employees. Your personnel department selected 36 employees at random and provided their data to us. The sample size is an important feature of any empirical
Words: 1737 - Pages: 7
tortillas Quality prediction Texture analyzer a b s t r a c t A cost-effective, faster and efficient way of screening wheat samples suitable for tortilla production is needed. This research aimed to develop prediction models for tortilla quality (diameter, specific volume, color and texture parameters) using grain, flour and dough properties of 16 wheat flours. Another set of 18 samples was used to validate the models. The prediction models were developed using stepwise multiple regression. Dough rheological
Words: 6671 - Pages: 27
Question 1–18 19–32 33–44 45–78 79–84 85–120 Sample Examination Structure Topic Ethical and Professional Standards Quantitative Analysis Economic Analysis Financial Statement Analysis and Corporate Finance Portfolio Management Asset Valuation Total Percent 15 12 10 28 5 30 100 Minutes 27 21 18 51 9 54 180 QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS AND ARE ALLOCATED 27 MINUTES. 1. According to the CFA Institute Standards of Practice Handbook, insider trading is
Words: 8927 - Pages: 36
variable each time we were asked to guess the attribute of the other. These measures include lambda, which is appropriate for the analysis of two nominal variables; gamma, which is appropriate for the analysis of two ordinal variables; and Pearson's product-moment correlation, which is appropriate for the analysis of two interval or ratio variables. • Regression analysis represents the relationships between variables in the form of equations, which can be used to predict the values of a dependent
Words: 750 - Pages: 3
