Accounting, Banking & FinanceConcept of FactoringMay 27, 201514 CommentsFactoring is a method by which a businessman can obtain cash for invoices he sends to his customers in respect…
Accounting, Banking & FinanceCommercial PapersMay 27, 20156 CommentsAn emerging source of financing working capital requirements of corporate enterprises is Commercial Paper (CP). Commercial paper is a short-term…
Accounting, Banking & FinancePotentiality of Commercial Paper..May 27, 20157 CommentsPotentiality of Commercial Paper as a Source of Corporate Finance Commercial paper is a very useful instrument for meeting working capital…
Accounting, Banking & FinanceNO ARBITRAGE PROFIT CONDITIONMay 18, 201513 CommentsCapital market equilibrium requires that market prices be set so that supply equals demand for each individual security. In the…
Accounting, Banking & FinanceThe Theory of Efficient MarketsMay 18, 201516 CommentsThe concept of an efficient market is very important in the area of finance. An efficient market is one in…
Accounting, Banking & FinanceReturns Distributions and Financial ContractsMay 18, 20159 CommentsIn a single-period model it is certainly permissible to specify exogenously the joint probability distribution of the end-of-period values of…
Accounting, Banking & FinanceMarket Efficiency with Nonspeculative AssetsMay 18, 201511 CommentsThe important concept of market efficiency was introduced. The theorem that was proved was a “no trade” theorem. If investors…
Accounting, Banking & FinanceCommon Stock ValuationApril 13, 20158 CommentsThe valuation of common stock is somewhat different from the valuation of bonds and preferred stock. Common stock valuation is…
Accounting, Banking & FinancePrivate equity fundsApril 13, 20154 CommentsThe rise of private equity funds and their ownership of a large portion of the world’s private sector businesses is…
Accounting, Banking & FinanceDerivative marketsApril 13, 20156 CommentsOver the last 30 years, fluctuations in interest rates , currencies and the prices of raw materials have become so…