- CHAPTER About the Author xi
- Corporate Financial Policy and R&D Management
- CHAPTER
- An Introduction to Financial Statements
- The Balance Sheet
- Assets
- Liabilities and Capital
- Current Liabilities
- Long-Term Debt
- Capital Section of the Balance Sheet
- Book Value of Common Stock
- Consolidated Balance Sheets
- and Sources and Uses of Funds The Operating Statements: The Income Statement
- Sources and Uses of Funds
- The Balance Sheet
- An Introduction to Financial Statements
- CHAPTER
- Ratio Analysis
- Ratio Analysis and the Firm’s Perceived Financial Health
- Current Analysis Ratios
- Leverage Ratio
- Sales Efficiency Ratio
- Profitability Ratios
- Financial Ratios and the Perceived Financial Health of Firms
- Time Series of Ratios in the United States, 1970–2003
- Limitations of Ratio Analysis
- Ratio Analysis and the Firm’s Perceived Financial Health
- Ratio Analysis
- CHAPTER
- Debt, Equity, Financial Structure, and the Investment Decision
- Definition of Leverage—Profits and Financial Risk
- The Pure Theory of the Optimal Financial Structure
- Modigliani and Miller—Constant Capital Costs
- The Optimal Capital Structure and the M&M Hypothesis
- Empirical Factors Influencing Financial Structures
- Cost of Capital
- Real Options and the Investment Decision
- Abandonment Value
- Option to Delay a Project
- an Option Implications of Viewing the Right to Delay a Project as
- Definition of Leverage—Profits and Financial Risk
- Debt, Equity, Financial Structure, and the Investment Decision
- CHAPTER
- An Introduction to Statistical Analysis and Simultaneous Equations
- The Linear Regression Model
- Multiple Regression
- Least Squares Estimates of the Regression Coefficients
- Multiple Coefficient of Determination
- Estimation of Simultaneous Equations Systems
- (Regression) Models Estimation of Parameters in Multiple Equation
- Two-Stage Least Squares (2SLS)
- Three-Stage Least Squares (3SLS)
- The Three-Stage Least Squares Estimator
- An Introduction to Statistical Analysis and Simultaneous Equations
- CHAPTER
- Interdependencies among Corporate Financial Policies
- The Model
- The Data
- Estimated Simultaneous Equations Results
- Interdependencies among Corporate Financial Policies
- CHAPTER
- Compustat R&D Data Comparing Census/National Science Foundation R&D Data with
- Innovation, R&D, and Stockholder Wealth
- Financial Decision Estimation Results
- Comparison of R&D Expenditure Data
- Comparison of Regression Results
- Relation of Current Results to Prior Research
- Extensions of the Simultaneous Equations Approach
- Summary and Conclusions
- Suggestions for Future Research
- Compustat R&D Data Comparing Census/National Science Foundation R&D Data with
- CHAPTER
- The Use of Financial Information in the Risk and Return of Equity
- Introduction to Modern Portfolio Theory
- Determinants of Stock Selection Models
- Further Estimations of a Composite Equity Valuation Model
- Appendix 8.A: Multifactor Risk Models
- BARRA Model Mathematics
- Risk Prediction with Multiple-Factor Models
- Appendix 8.B: US-E3 Descriptor Definitions
- Volatility
- Momentum
- Size
- Size Nonlinearity
- Trading Activity
- Growth
- Earnings Yield
- Value
- Earnings Variability
- Leverage
- Currency Sensitivity
- Dividend Yield
- Non-Estimation Universe Indicator
- The Use of Financial Information in the Risk and Return of Equity
- CHAPTER
- Term Enhances Stockholder Wealth The Optimization of Efficient Portfolios: How the R&D Quadratic
- Efficient Portfolio Optimization Results
- Term Enhances Stockholder Wealth The Optimization of Efficient Portfolios: How the R&D Quadratic
- CHAPTER
- The (Not So Special) Case of Social Investing
- Stock Selection in Unscreened and Screened Universes
- Stock Selection and the Domini Social Index Securities
- Recent Socially Responsible Research
- Summary and Conclusions
- The (Not So Special) Case of Social Investing
- CHAPTER
- R&D Management and Corporate Financial Policy: Conclusions
- Exercises
- Notes
- References
- About the CD-ROM
- Index
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