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In 1897 the Editor of the Advocate of India invited me to contribute to its columns a narrative of the rise, growth and collapse...
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ABSTRACT This paper presents a simple, intuitive theory of business risk. The results are used to explain empirical observations of Beaver on the power of various financial ratios to predict failure of firms, and to hypothesize improved predictive ratios for use in selecting attractive risk situations and in determining appropriate risk premiums. LINK http://bikibook.com/books/a-simple-theory-of-financial-ratios-as-predictors-of-failure/...
ABSTRACT This paper measures the effects on stock prices of corporate Investments In 5% or more of another company’s equity securities. Such investments Initiate a process that may end with a takeover, targeted repurchase, takeover by a third party, or sale of the shares. The total valuation effect of the investment for acquiring and...
ESSAY ON BANKING BANKS are by far the most important of all our commercial establishments. They are the fountains of our currency, the depositories of our capital, and at once the wheels and pillars of our trade. Business to any great extent could not be carried on without them. All who have cash transactions...
INTRODUCTION Some steps were taken during last session of Parliament, to effect a reform in our banking system, by promoting the establishment of Joint Stock Banks. These were, however, suspended by the dissolution of Parliament, and the agitating events which have since occurred, to be again revived at the proper opportunity. This opportunity appears...
INTRODUCTION AND SUMMARY The purpose of this paper is to present a portfolio management model which would be applicable to the portfolio management problem faced by institutional investors. The model developed extends previous efforts of the author toward removing a number of limitations of existing models which restrict their usefulness to institutional investors. The...
INTRODUCTORY OBSERVATIONS. Several members of the Joint-Stock Bank Association having thought that many of the articles of the Economist on Banking and Currency might be usefully re-published, the late Editor has been requested to make a selection of them for that purpose. The Economist was set on foot by Mr. Joplin, with the support...
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This would be a dreary world if its problems were all solved. The unsolved problems of each generation offer opportunities to the oncoming generation. We Americans have conquered many difficulties, but there are still many problems demanding solution at our hands. In numerous fields we lead the world ; in some we are far...
WHETHER the monetary disturbances have reached their climax and matters will now steadily mend, or whether we are destined to witness a fresh outbreak from some unexpected quarter, is a question on which the most expert financier would hardly care to venture too dogmatic an opinion. Outside the financial world, the business community in...
PREFACE The purpose of this study is two-fold : to develop the principles of bank credit considered in the abstract and to set forth the main factors underlying the loans made, the credit extended, by banks to borrowers. Part One is devoted mainly to an explanation of the way in which cash in banks...
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