The final rule applies only to domestic and foreign issuers that have a security listed on a national securities exchange or in an automated inter-dealer quotation system of a national securities association. The rule applies not just to issuers with listed voting equity securities, but also to any issuer with...
This paper examines how personal taxes affect the pricing of stocks that are simultaneously listed and traded on multiple exchanges around the globe. Specifically, the paper studies how an unexpected reduction in U.S. capital gains taxes at the announcement of the 1997 budget accord changes the pricing of foreign firms'...
High growth, liquid Chilean firms have greater relative weights in U.S. equity portfolios, but the most important determinant of a firm's portfolio weight is whether it is listed on a U.S. exchange. Cross listing does not, however, appear to have permanent benefits: Weights in U.S. portfolios of firms that cross...
It is true that getting web site listed in the search engines particularly in a top 10 spot is tricky business. Every day one get question after question from subscribers who are totally confused about how they can get their web site to "appear" in the search engines. Thus, this...
This paper uses simultaneous equation modeling to examine the inter-relationships between R&D, exporting and growth of newly listed firms in the UK, Germany, Italy and France. Using panel data for 1110 IPOs during the period 1985-2004, it shows that R&D and export intensities are positively associated with growth in sales....
Publicly traded financial firms within the European Union will be required to adhere to International Accounting Standards IAS in their financial reporting beginning in 2005, which can entail a higher degree of financial disclosure than was previously mandated under national accounting standards. GAAP is considered to be both among the...
Previous research has shown that the returns on individual properties and listed property securities are skewed. This claim is investigated in the context of listed UK property companies. In particular, the shape of the conditional distribution of total monthly returns is examined for a group of 20 companies listed continuously...
Sarbanes-Oxley in Retrospect: Fear and LoathingFear of Sarbanes_OxleyThere are other problems to be listed in the US apart from Sarbanes-Oxley. For example, that the US wants to extend its regulation when the company is from the US, although all the activity is outside the US. We will see in the...
The Securities and Exchange Commission SEC proposed a new rule, directing the national securities exchanges and national securities regulatory associations SROs to prohibit the initial or continued listing of securities of any issuer that is not in compliance with the audit committee requirements established by the Act and the proposed...
This tool will help you to quickly convert a wage stated in one periodic term (hourly, weekly, etc.) into its equivalent stated in all other common periodic terms. This can be helpful when comparing your present wage to a wage being offered by a prospective employer where each wage is...
In recent years, hundreds of U.S. corporations have engaged in programs to repurchase tens of billions of dollars worth of shares of their own stocks. A number of corporations have used options strategies in conjunction with stock buyback programs. This document explores ways to improve corporate finance by using listed...
Using a data set of the firms listed on the Neuer Markt in Germany, this paper demonstrates that venture backed firms differ from firms with other financial resources, especially debt. Thus, the results of the study presented in this paper provides evidence for the hypothesis that small and innovative firms...
The Sarbanes-Oxley Act of 2002 directs the Securities and Exchange Commission SEC to adopt rules prohibiting national security exchanges to list any security not in compliance with the Act’s listed company audit committee requirements. The paper discusses the audit committee standards to be followed for listing securities herein. It also...
On April 9, 2003, the Securities and Exchange Commission issued a final rule, as directed by Section 301 of the Sarbanes-Oxley Act of 2002, directing the national securities exchanges and national securities associations to prohibit the initial or continued listing of securities of any listed company that is not in...
As one begin marketing and promoting their online business they are going to run into some unbelievable advertising opportunities. Generally speaking if the ad offering sounds too good to be true - It is. There are companies that will tell one they will get them listed in the top 10...
It sounds too good to be true: own a small portion of a company's total stock, but get most of the voting power. That's the truth behind dual-class shares. They allow shareholders of non-traded stock to control terms of the company in excess of the financial stake. While many investors...
This paper presents a summary of a number of investment strategies that utilize exchange-listed options and an overview of the regulatory environment confronting managers of U.S. corporate pension fund portfolios. According to a recent survey, 128 pension fund money managers reported use of options as part of their overall management...
The author received two postcards in the mail. One was cluttered with so much small text the author had difficulty trying to read it. He gave up and trashed it. The second postcard had a total of 48 words on it including a website address listed on the bottom of...
Evaluating publicly listed companies using a human capital lens is becoming increasingly important to the work of fund managers, securities analysts and the financial services industry at large. This paper applies the lens of Human Capital Analysis using publicly available data to an Australian Stock Exchange listed company in order...
Transplant centers may "Game" the severity of listed patients to increase their patients' likelihood of receiving transplantable organs. The lawsuits allege gaming at some centers, and listing policies were modified in 1999 to clarify listing criteria. This paper tests for gaming and its relationship to heart transplant center competition. It...
