Timing, Investment Opportunities, Managerial Discretion, and the Security Issue Decision

CFA Digest ◽  
1997 ◽  
Vol 27 (3) ◽  
pp. 82-83
Keyword(s):  
Managerial Discretion ◽  
Security Issue ◽  
Investment Opportunities

Financial Liberalization and Managerial Discretion in the Security Issue Decision: Evidence from an Emerging Economy

2001 ◽  
Vol 04 (02) ◽  
pp. 221-234 ◽  
Author(s):  
Saumitra N. Bhaduri
Keyword(s):  
Financial Liberalization ◽  
Manufacturing Firms ◽  
Managerial Discretion ◽  
The Other ◽  
Policy Recommendation ◽  
Security Issue ◽  
Corporate Sector ◽  
External Finance ◽  
Investment Opportunities ◽  
Do So

This paper investigates the Managerial Discretion Hypothesis in the context of the Indian corporate sector. The hypothesis postulates that if the interests of the managers and the other stakeholders of the firm are not perfectly aligned, then the managers tend to issue equity which might be contrary to the latter's interest. We have examined a sample of 216 manufacturing firms, which have opted for external finance during the year 1994–1995. Our findings reveal that for many firms, particularly those with poor investment opportunities, managers issue equity even when they are not expected to do so. This paper, as a policy recommendation, highlights the importance of creating appropriate institutions prior to pursuing financial liberalization in developing countries like India.

Security issues in Mobile Computing

2018 ◽  
Vol 8 (4) ◽  
pp. 13
Author(s):  
Kartik Khurana ◽  
Harpreet Kaur ◽  
Ritu Chauhan ◽  
Shalu Chauhan ◽  
Shaveta Bhatia ◽  
...  
Keyword(s):  
Mobile Computing ◽  
Mobile Devices ◽  
Mobile Communication ◽  
Internet Access ◽  
Mobile Security ◽  
Security Issue ◽  
Security Issues

Now a day’s mobile communication has become a serious business tool for the users. Mobile devices are mainly used for the applications like banking, e-commerce, internet access, entertainment, etc. for communication. This has become common for the user to exchange and transfer the data. However people are still facing problems to use mobile devices because of its security issue. This paper deals with various security issues in mobile computing. It also covers all the basic points which are useful in mobile security issues such as categorisation of security issues, methods or tactics for success in security issues in mobile computing, security frameworks.

The Franchise Factor Valuation Approach: Capturing the Firm’s Investment Opportunities

1995 ◽  
Vol 1995 (4) ◽  
pp. 5-11
Author(s):  
Stanley Kogelman ◽  
Martin L. Leibowitz
Keyword(s):  
Investment Opportunities

GLOBAL FINANCIAL CRISIS: THE BUBBLE EFFECT IN INDONESIA

2018 ◽  
pp. 27-33
Author(s):  
Mohammad Benny Alexandri ◽  
Raeny Dwisanti
Keyword(s):  
Financial Crisis ◽  
Stock Price ◽  
Price Index ◽  
Global Financial Crisis ◽  
Price Ratio ◽  
Sharp Decline ◽  
Book Value ◽  
The Us ◽  
Investment Opportunities ◽  
Us Financial Crisis

US and Indonesia stock markets are entering record heights without being offset by economic growthand profitability growth of their traded companies. There are several indicators for the stock marketbubble: (1) Price Ratio (Ear Ratio); (2) Price Ratio / Book (PB Ratio), the latter comparing thenominal price of one share at a market with the book value (the value of company's assets). Thecurrent PB ratio of the composite stock price index being 3.3 means that for each shares the assetvalue of which is 1 IDR, the stock would be worth 3.3 IDR. This is one of the most expensive price in the world today. Based on the above, for Indonesian stock market sharp decline is just a matter of time and waiting. This decline will be much sharper if triggered by the US financial crisis. We can also also see a bubble emerging from increasingly irrational investment attitudes. Currently, in addition to high prices for stocks and bonds, investors have started looking at investment opportunities in digital currencies. This research tries to know the potential of financial crisis and itseffect for the financial market in Indonesia. 

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