Personal finance: turning money into wealth
In: The Pearson series in finance
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In: The Pearson series in finance
In: Decision sciences, Band 9, Heft 1, S. 93-106
ISSN: 1540-5915
ABSTRACTThe bank liquidity‐management model presented herein is formulated as a chance‐constrained goal programming model thus allowing uncertainty to be incorporated into a lexicographic solution of the problem. This model plans both for the reserve‐short and reserve‐excess bank, describing appropriate investment or disinvestment action during the computation period. The testing of the model was performed on two banks, one a small rural bank with assets of about $25 million, and the other a large metropolitan bank with assets well in excess of $1 billion, with the actual bank results and the prescribed strategy of the model being compared over a one‐year period. Additionally, sensitivity analysis was performed on the model, providing valuable information concerning the risk‐return relationships associated with each management goal. It is hoped that this model will provide bankers with both an effective diagnostic and operational tool in the development of liquidity‐management planning decisions.
In: The journal of financial research: the journal of the Southern Finance Association and the Southwestern Finance Association, Band 22, Heft 4
ISSN: 1475-6803
In: The journal of financial research: the journal of the Southern Finance Association and the Southwestern Finance Association, Band 16, Heft 4
ISSN: 1475-6803
In: Journal of economics and business, Band 34, Heft 1, S. 39-50
ISSN: 0148-6195
In: Computers, Environment and Urban Systems, Band 6, Heft 4, S. 171-181
In: Decision sciences, Band 10, Heft 4, S. 577-592
ISSN: 1540-5915
ABSTRACTThe media selection decision allocates advertising dollars among competing media so as to optimize promotional and corporate objectives. Linear programming attempts to model this process have been complicated by multiple and often conflicting management goals, the need for integer solutions, and nonlinearities. This study offers a technique that is sufficiently robust to simultaneously handle these problems. An alternative media selection framework is presented and the results of an illustrative application of integer goal programming are discussed. The proposed model improves on linear programming by success fully providing for optimal, integer solutions in settings that more realistically reflect the complexity of the media decision environment.
In: Urban systems, Band 4, Heft 1, S. 17-26
ISSN: 0147-8001
In: The Person series in finance
In: The journal of financial research: the journal of the Southern Finance Association and the Southwestern Finance Association, Band 7, Heft 2, S. 131-142
ISSN: 1475-6803
AbstractThis study provides further empirical evidence on the informational content of dividends hypothesis. To reduce the misclassification of unfavorable and favorable dividend announcements, which can result when small dividend changes are included, the analysis is restricted to cases where a substantial shift in dividend policy has occurred. Specifically, the authors examine the aggregate market response to announcements of (1) omitted dividends, (2) dividend decreases of at least 25 percent, (3) dividend increases of at least 25 percent, and (4) initial dividend payments. The results indicate that announcements of dividend omissions and large decreases have a pronounced downward impact on stock prices even though the market has anticipated the forthcoming news to a large degree. Similarly, the market reaction to initial dividend declarations is found to be substantial and much greater than previously found for favorable dividend classifications in general.
The scope and environment of financial management -- An introduction to the foundations of financial management -- The financial markets and interest rates -- Understanding financial statements and cash flows -- Evaluating a firm's financial performance -- The valuation of financial assets -- The time value of money -- The meaning and measurement of risk and return -- The valuation and characteristics of bonds -- The valuation and characteristics of stock -- The cost of capital -- Investment in long-term assets -- Capital-budgeting techniques and practice -- Cash flows and other topics in capital budgeting -- Capital structure and dividend policy -- Determining the financing mix -- Dividend policy and internal financing -- Working-capital management and international business finance -- Short-term financial planning -- Working-capital management -- International business finance -- Glossary -- Indexes
In: Computers, Environment and Urban Systems, Band 11, Heft 4, S. 135-146