The effect of realized future growth opportunities on insider trading

2021 ◽  
pp. 110154
Author(s):  
Gaofeng Zou ◽  
Shuchang Du ◽  
Yulong Yang ◽  
Zuo Huang
Keyword(s):  
Insider Trading ◽  
Growth Opportunities ◽  
Future Growth

Brexit will bring Gibraltar closer to the EU

2021 ◽  
Keyword(s):  
State Aid ◽  
Unfair Competition ◽  
Growth Opportunities ◽  
Content Type ◽  
Illegal Migrants ◽  
Future Growth ◽  
The Eu

Significance The bilateral deal avoids a hard border by including Gibraltar in the Schengen free travel system. This also obliges Gibraltar to align more closely with EU rules in areas such as finance, labour and the environment. Impacts The removal of the land border between Spain and Gibraltar could make Spain more exposed to illegal migrants. UK state aid to Gibraltar that is perceived as fueling unfair competition could become an issue of tension between Brussels and London. Amid UK-EU tension, Gibraltar’s e-gaming services (25% of GDP) will look to Asia for future growth opportunities.

A Panel Data Analysis for Exploring the New Determinants of Growth in Small and Medium Sized Enterprises in India

2017 ◽  
Vol 8 (1) ◽  
pp. 1-23
Author(s):  
Manoj Kumar
Keyword(s):  
Firm Growth ◽  
Small And Medium Enterprises ◽  
Panel Data Analysis ◽  
Growth Opportunities ◽  
Tax Rate ◽  
Determining Factors ◽  
Main Determinants ◽  
And Performance ◽  
Medium Enterprises ◽  
Future Growth

The purpose of this paper is to explore the main determinants of growth in small and medium sized enterprises (SMEs) in India. The empirical research has suggested that firm growth is determined not only by the traditional characteristics of size and age but also by other firm-specific factors such as indebtedness, internal financing, future growth opportunities, process and product innovation, and organisational changes. No empirical evidence has been provided so far on which of these determining factors are associated with SMEs growth and performance in India. Using a panel dataset of 560 fast growing small and medium enterprises from India the author finds evidence that firm size and age can explain to a large extend the growth in SMEs in India. Firm specific characteristics such as short-term liquidity, future growth opportunities, internally generated funds, and factor productivity are found to be important factors in determining a firm's growth and performance. Economy-wide factors such as inflation and corporate income tax rate (but not gross domestic product) seem to have a significant effect on SMEs growth in India.

Insider trading, growth opportunities and the market reaction to new financing announcements*

2003 ◽  
Vol 9 (4) ◽  
pp. 301-322 ◽  
Author(s):  
Bruce M. Burton ◽  
A. Alasdair Lonie ◽  
David M. Power
Keyword(s):  
Insider Trading ◽  
Market Reaction ◽  
Growth Opportunities

scholarly journals Determinants of dividend policy in GCC firms: an application of partial least square method

2016 ◽  
Vol 13 (3) ◽  
pp. 455-466 ◽  
Author(s):  
B Rajesh Kumar ◽  
K S Sujit
Keyword(s):  
High Growth ◽  
Least Square Method ◽  
Cash Flows ◽  
Payout Policy ◽  
Partial Least Square ◽  
Least Square ◽  
Growth Opportunities ◽  
Dividend Payout ◽  
Partial Least Square Method ◽  
Future Growth

This study focuses on providing empirical evidence on explanation of alternate dividend theories and determinants of payout policies by examining the GCC market. The study explores the financial determinants of the dividend payout policies by examining 646 dividend intensive firms of the GCC. The results suggest that large firms in GCC tends to have larger retained cash flows and tend to have higher dividend intensity. It can be implied that GCC based firms adopt a balanced and cautious approach regarding future growth opportunities as well as the dividend payout policy. Higher the liquidity and profitability signals higher dividend intensity. GCC firms which are liquid and profitable tend to pay more dividends. GCC firms with higher market valuation tend to pay more dividends. Firms with high growth rates of earnings and assets tend to pay less dividends. Firms with high leverage are riskier and risky firms tend to pay less dividends.

Ownership Biases and FDI in China: Evidence from Two Provinces

2007 ◽  
Vol 9 (1) ◽  
pp. 1-45 ◽  
Author(s):  
Yasheng Huang
Keyword(s):  
Economic Development ◽  
Empirical Test ◽  
Private Firm ◽  
The Other ◽  
Foreign Firms ◽  
Private Firms ◽  
Growth Opportunities ◽  
Firm Level ◽  
Relative Property ◽  
Future Growth

Jiangsu and Zhejiang are of two of China's most prosperous and dynamic provinces. This paper first presents a factual account of two empirical phenomena: 1) FDI has played a more substantial role in the economic development of Jiangsu than in Zhejiang, and 2) ownership biases against domestic private firms in Jiangsu were more substantial than in Zhejiang. The paper hypothesizes that there is a connection between these two empirical phenomena. Specifically, ownership biases against domestic private firms increase preferences for FDI because FDI provides a measure of relative property rights security. Thus a biased domestic private firm has an incentive to move its assets and/or future growth opportunities to the foreign sector. The paper uses two private-sector surveys—one conducted in 1993 and the other in 2002—to provide an empirical test of this hypothesis. Our analysis shows, controlling for a variety of firm-level attributes and industry and regional characteristics, those private firms which perceive ownership biases to be more severe are more likely to form joint ventures with foreign firms.

scholarly journals New Wella Salon: Exploring Growth Opportunities (A)

2016 ◽  
Vol 3 (2) ◽  
pp. 112
Author(s):  
Nabeel Nisar ◽  
Muhammad Muzamil Sattar ◽  
Ubedullah Memon ◽  
Ali Raza
Keyword(s):  
Growth Options ◽  
Growth Opportunities ◽  
Viable Option ◽  
The Future ◽  
Mind Set ◽  
Loyal Customers ◽  
Future Growth

This case discusses about the dilemma faced by a famous barber Mr. Fayaz, who has been refused by his loyal customers to get their services from him at the age of 55 years. The incident has taken him to think seriously about his future as a barber and the future of his sons, who share the same profession with him. Over the years, his son Meer has changed the image of the salon from a traditional salon into a trendier and sophisticated salon keeping in mind the changing mind set of consumer and services provided by leading salons of Pakistan. At a brainstorming session, Mr. Fayaz & Meer are trying to address three difficult questions: Was it just an incident and could it be ignorable? What future growth options are available to sustain our position? Would closing the business and investing in some other business be a viable option?

scholarly journals To them that hath: economic complexity and local industrial strategy in the UK

2021 ◽  
Author(s):  
Penny Mealy ◽  
Diane Coyle
Keyword(s):  
Economic Performance ◽  
Low Complexity ◽  
Growth Opportunities ◽  
Left Behind ◽  
Economic Complexity ◽  
Great Heterogeneity ◽  
Common Policies ◽  
The Uk ◽  
Employment Data ◽  
Future Growth

AbstractDivergent economic performance in many countries has led to renewed interest in place-based policies, such as the UK’s local industrial strategies at the level of Combined Authorities or Local Economic Partnerships. However, an analysis of employment data using methods from the economic complexity literature demonstrates great heterogeneity in industrial strengths and future growth opportunities within those jurisdictions, raising challenges in designing common policies suited to all sub-geographies. Moreover, the ‘related’ industries into which low-complexity, low-wage local authorities could potentially diversify are also low-wage. Incremental policies building on existing local capacities are therefore likely to amplify divergence between prospering and left-behind areas.

The intertwined relationship of shadow banking and commercial banks’ deposit growth: evidence from India

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shiba Prasad Mohanty ◽  
Santosh Gopalkrishnan ◽  
Ashish Mahendra
Keyword(s):  
Commercial Banks ◽  
Financial Institution ◽  
Future Research ◽  
Shadow Banking ◽  
Single Variable ◽  
Growth Opportunities ◽  
Directional Growth ◽  
Content Type ◽  
The Future ◽  
Future Growth

Purpose While traditionally it was believed that shadow banking undercuts business from traditional commercial banks, the time has now arrived to examine the various innovative practices used by various shadow banks and non-banking finance companies (NBFCs) to explore various collaboration and competition possibilities. The parallel existence of the traditional and shadow banking systems creates a market environment where both the entities are inter-dependent for growth and development with their edge of advantages and snags. This study aims to investigate the development and growth of deposits in NBFCs and scheduled commercial banks (SCBs) and, through the adoption of innovative practices, highlights possible growth opportunities for both ahead. Design/methodology/approach This study uses yearly bank deposit data from 1998 to 2019. This study incorporates univariate autoregressive integrated moving average modeling to predict the future deposit growth of SCBs and NBFCs in India. Findings This study concludes that both the entities, i.e. NBFCs and SCBs, will experience deposit growth; however, the proportionate growth of deposits in SCBs will be higher than NBFCs. Research limitations/implications This study concludes that the NBFCs will exhibit higher growth in the future. Thus, a strengthened regulatory framework will boost the growth of the NBFCs, providing a safe environment to the investor. Further, as this study primarily considers only deposit-taking NBFCs and commercial banks and a single variable – “deposit” to predict its future growth, it offers a scope for future research to consider and include other kinds of NBFCs like non-deposit taking NBFCs, housing finance companies, micro-finance Institutions and infrastructure finance companies. Originality/value A competently regulated financial system of an emerging economy confers tremendous growth opportunities to the financial institutions functioning in the system. Deposits are a significant parameter for the performance of the financial institution; thus, by keeping it as the underlying premise, this study forecasts the future growth in deposits for both the commercial banks and NBFCs. This forecasted growth in deposits for both entities, if analyzed and acted upon appropriately, can, apart from other opportunities for investment, be used to point at directional growth of the economy and the gross domestic product, considering that credit growth is a barometer for economic growth. The scope of this study is limited to NBFCs and SCBs of India and considers only a single variable, i.e. deposit for data analysis and growth forecasting.

scholarly journals EastPack: financing future growth opportunities

2020 ◽  
Vol 23 (4) ◽  
pp. 633-641
Author(s):  
Elena Garnevska ◽  
Farai Sixpence ◽  
Whetu Rolleston
Keyword(s):  
New Zealand ◽  
Capacity Expansion ◽  
Growth Opportunities ◽  
Post Harvest ◽  
Growth Prospects ◽  
Future Growth

EastPack was a New Zealand cooperative providing post-harvest services for its kiwifruit and avocado growers. EastPack was New Zealand’s largest kiwifruit postharvest company with a packing capacity of more than 40 million trays 1 of kiwifruit. It was forecasted that New Zealand kiwifruit volumes would increase by about 50% by 2025. While this was great news for the growers and Zespri – the marketer, it presented a challenge to post-harvest operators like EastPack since they would need to increase their capacity in order to cope with this growth. EastPack needed to develop strategies to manage the strong kiwifruit growth prospects, fund capacity expansion and ensure its growers remained at the heart of their growth.

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