scholarly journals MEZZANINE FINANCING INSTRUMENTS IN COMPARISON TO THE CLASSIC FINANCING SOURCES

2018 ◽  
Vol 16 (0) ◽  
pp. 133-146
Author(s):  
Libena Tetrevova ◽  
Jan Svedik
Keyword(s):  
Debt Financing ◽  
Corporate Financing ◽  
Overall Evaluation ◽  
Pros And Cons ◽  
Binary Scale

The paper deals with innovated financing in the form of mezzanine financing instruments (sources). The authors aimed to identify, characterize, and assess mezzanine financing instruments in comparison to the classic corporate financing sources. Mezzanine financing represents an innovated form of financing interconnecting the features of equity and debt. The paper specifies the sources and characterizes and assesses pros and cons of each of them. Subsequently, it presents an overall evaluation of mezzanine financing instruments in comparison to the selected equity and debt financing sources. This evaluation was performed on the basis of 14 set criteria using a binary scale.

scholarly journals Do Ownership Ties Increase the Optimistic Bias of Analysts’ Earnings Estimates? Evidence from Corporate Financing in the Korean Market

2020 ◽  
Vol 12 (11) ◽  
pp. 4657
Author(s):  
Chune Young Chung ◽  
Euisup Lee ◽  
Chang-Gyun Park
Keyword(s):  
Earnings Management ◽  
Debt Financing ◽  
Optimistic Bias ◽  
Business Relationship ◽  
Equity Financing ◽  
Corporate Financing ◽  
Need Support ◽  
Korean Market

Previous studies argue that analysts provide optimistic estimates for corporations with which their brokerage houses have a business relationship. In this study, we investigate whether brokers with ownership ties issue optimistic estimates when their affiliates need support, as when raising debt or issuing equity. We find that Chaebol-owned brokerage houses provide optimistic earnings estimates for their affiliates relative to those provided by other brokers, especially before debt financing. However, we do not observe this relationship in the case of equity financing. These results imply that analysts with ties to corporations expect earnings management to occur around seasoned equity financing and, thus, consider the risks to their reputations. Finally, our results show that brokerage houses with ownership ties are not significantly more accurate than other brokerage houses are.

RadNet, Inc.: Financing an Acquisition

2017 ◽  
pp. 1-22
Author(s):  
Susan Chaplinsky ◽  
Alex Droznik
Keyword(s):  
Mergers And Acquisitions ◽  
The United States ◽  
Debt Financing ◽  
High Yield ◽  
Financial Advisors ◽  
Bank Debt ◽  
Corporate Financing ◽  
Large Size ◽  
Financial Strength ◽  
A Company

This case examines issues surrounding the choice of financing arrangements for the acquisition of Radiologix in July 2006. The case follows Mark Stolper, the CFO of RadNet, as he considers how to raise the $363 million in funds necessary to finance the acquisition. When completed, the combined firms will be the largest private diagnostic-imaging provider in the United States. When Stolper joined RadNet in 2003, he confronted a company with “too much debt, and the wrong kind of debt.” His goal is to finance the acquisition in a way that further enhances the financial strength and operating flexibility of the company. Given the large size of funding required, the firm is unlikely to be able to fund the entire transaction with first-lien or bank debt. His financial advisors differ in their recommendations for how to raise the remaining funds—one suggests using second-lien debt, and the other, high-yield debt.The purpose of the case is to familiarize students with frequently encountered types of debt financing that are used to finance mergers and acquisitions and other corporate transactions. The case provides information on the distinctions among first-lien, second-lien, and high-yield debt in relation to their price, availability, flexibility of covenants, repayment ease, and composition of likely investors. The case is designed for use in courses that cover corporate financing, M&As, and debt financing.

scholarly journals DAMPAK PEMBIAYAAN INVESTASI DENGAN UTANG DAN JAMINAN DARI MODAL SENDIRI (Case Study PT Agung Podomoro Land Tbk)

2021 ◽  
Vol 9 (2) ◽  
pp. 14-22
Author(s):  
Akhmad, Abdul Kadir, Zulfikar Jakaputera Djalamang, Hasan
Keyword(s):  
Decision Making ◽  
Debt Financing ◽  
Large Percentage ◽  
Residential Facilities ◽  
Business Growth ◽  
Corporate Financing ◽  
Financing Structure ◽  
Important Study

This study aims to recommend decision making related to the use of debt in corporate financing. This study took data from PT Agung Podomoro Land Tbk. In addition to developing, the company also plays a role in providing modern residential facilities. This study focuses on the financing structure between debt and equity. The results of the study become an important study to see the company's performance through the LTDER ratio with the use of 2017-2019 data. The results of the study found that there was a large percentage of debt financing carried out by companies from 2017 to 2019. This condition indicates that debt financing makes a greater contribution than own capital to funding and business growth.    Keywords: Financing, Long-Term Debt, Equity

scholarly journals The gift of homeschooling: Adult homeschool graduates and their parents conceptualize homeschooling in North Carolina

2021 ◽  
Vol 12 (1) ◽  
pp. 119-140
Author(s):  
Marta McCabe ◽  
Andrea Beláňová ◽  
Kateřina Machovcová
Keyword(s):  
North Carolina ◽  
Data Analysis ◽  
Exploratory Study ◽  
Qualitative Interviews ◽  
Common Theme ◽  
Parents And Children ◽  
The Gift ◽  
Overall Evaluation ◽  
Pros And Cons ◽  
The Common

Abstract Although still a marginalized practice, homeschooling is on the rise internationally and across socio-economic groups. Moreover, the current Covid-19 pandemic has shifted additional attention to homeschooling. However, much of the available research is primarily concerned with the current day-to-day practice of homeschooling and little attention is paid to adult homeschool graduates. This exploratory study, based on qualitative interviews with mothers and adult children from 12 families, examines young adults’ overall evaluation of their past homeschooling experience and aims to understand how parents and children view the pros and cons of homeschooling in hindsight. The data analysis revealed that homeschoolers approach education more broadly than focusing strictly on the academic side and it identified the common theme of “gifting,” which challenges the prevailing conceptualization that homeschooling is a “sacrifice.” Respondents viewed their homeschooling experience as a mutually beneficial process of giving and receiving rather than a unidirectional act of “sacrifice.”

Design and Analysis of Elastic-Plastic Collision Post for Railway Vehicles

2020 ◽  
Author(s):  
Hongtao Liu ◽  
Jianran Wang ◽  
Xiaofang Liu ◽  
Kefei Wang ◽  
Qi Luo ◽  
...  
Keyword(s):  
Element Analysis ◽  
Railway Vehicles ◽  
Front End ◽  
Operator Console ◽  
The Us ◽  
Overall Evaluation ◽  
Pros And Cons ◽  
Energy Absorbing ◽  
Two Stages ◽  
Absorbing Elements

Abstract Collision posts have been required at the front end of railway vehicles to provide protection against intrusion under collision in the US market since 1940s, though it is still not a standard required structure in the Europe and Asia markets. In this paper, typical front-end frame with and without collision posts of railway vehicles are compared to illustrate the pros and cons of collision posts in railway vehicles. Then two different front-end frames with collision posts are introduced in detail to discuss how to take the advantages of collision posts and avoid the drawbacks in different applications. In the first design, the collision posts are placed in front of the energy absorbing elements. When collision happens, the collision posts will deform first before the energy absorbing elements act. As a result, the collision posts and many carbody and cab structures, such as the front-end frame, underframe, cab interior and operator console may under repair even the collision speed is low. However, more space can be utilized for the cab and passenger compartment since the collision posts can be located at the very front of the vehicle. In the second design, there are two stages of energy absorbing elements and the collision posts are placed in the middle. The first stage of energy absorbing elements can absorb low-speed collision energy without damaging other structures and can be replaced easily. To make up for the extra space taken by the first stage energy absorbing elements, the shape and dimension of the collision posts have to be optimized. For both designs, finite element analysis has been used to analyze and optimize the design. Then full-scale test specimens are manufactured and tested to further validate the design and analysis. Based on the design, analysis and test results, an overall evaluation of collision post’s role in passenger protection and vehicle design has been generated.

scholarly journals Does Debt Financing Affect the Sustainability of Transparent Accounting Information?

2021 ◽  
Vol 13 (7) ◽  
pp. 4052
Author(s):  
Hyun-Uk Jung ◽  
Tae-Hyoung Mun ◽  
Taewoo Roh
Keyword(s):  
Public Debt ◽  
Accounting Information ◽  
Negative Relationship ◽  
Debt Financing ◽  
Financial Industry ◽  
Private Debt ◽  
Corporate Financing ◽  
Private And Public ◽  
The Republic

With the classification of debt financing into private debt (borrowing) and public debt (bond), this study aims to figure out the relationship between corporate debt financing and transparent accounting information sustainability. Debt financing of a firm was measured as a ratio of private debt to sum of private and public debt while sustainability of transparent accounting information was measured as a matching level. The sample is selected from corporations listed on the stock market in the Republic of Korea, except for the financial industry, from 2011 to 2018. As a result, the ratio of private debt of a firm was found to have a negative relationship with the matching level. It indicates that the ratio of high-private debt of a firm reduces the matching level. These results were found to be consistent even using various methodologies (e.g., Prais–Winsten, and Newey–West). This study confirmed the negative sustainability of transparent accounting information when the ratio of borrowings in corporate financing is high. Our implications that different financing methods can have different effects on the sustainability of corporate transparent accounting information.

Every Contraceptive Option Has Pros and Cons

2007 ◽  
Vol 41 (12) ◽  
pp. 29
Author(s):  
KERRI WACHTER
Keyword(s):  
Pros And Cons

Probiotics for C. difficile and Diarrhea Have Pros and Cons

2010 ◽  
Vol 3 (5) ◽  
pp. 7
Author(s):  
DAMIAN McNAMARA
Keyword(s):  
Pros And Cons

Noninvasive Assessment of Coronary Artery Disease – Anatomical versus Functional Imaging and the Marginal Role of Exercise Electrocardiograms

Praxis ◽  
2020 ◽  
Vol 109 (14) ◽  
pp. 1141-1149
Author(s):  
Martina Boscolo Berto ◽  
Dominik C. Benz ◽  
Christoph Gräni
Keyword(s):  
Coronary Artery Disease ◽  
Coronary Artery ◽  
Functional Imaging ◽  
Clinical Aspects ◽  
Industrialized Countries ◽  
Coronary Syndromes ◽  
Pros And Cons ◽  
Noninvasive Assessment ◽  
Artery Disease ◽  
European Society Of Cardiology

Abstract. Coronary artery disease (CAD) is the leading cause of morbidity and mortality in the industrialized countries. Assessment of symptomatic patients with suspected obstructive CAD is a common reason for a clinical visit. Noninvasive anatomical and functional imaging are established tools to rule-in and rule-out CAD, to assess the severity of disease and to determine the potential risk of future cardiovascular events. In this review, we discuss the updated Guidelines from the European Society of Cardiology on Chronic Coronary Syndromes and explore the different imaging modalities used in current clinical practice for the noninvasive assessment of CAD. The pros and cons of each method, especially comparing anatomical and functional testing, are presented. Furthermore we we address the practical clinical aspects in the selection of the optimal noninvasive tests according to clinical need.

How to be ConTENT With Rorschach CONtent

2016 ◽  
Vol 37 (2) ◽  
pp. 147-165
Author(s):  
Charles A. Peterson
Keyword(s):  
Content Analysis ◽  
Pros And Cons ◽  
Abstract Content

Abstract. Content analysis is a late and contentious addition to the Rorschach canon. The determinants have ruled. Hermann Rorschach was at best, ambivalent about content analysis, focusing on the perceptual aspects of the process. Rorschachers have been not been conTENT about CONtent. The literature on the pros and cons and the how-to of content analysis is reviewed chronologically, concluding with eight issues and objections that have left Rorschach practitioners malcontent with content. Hoping to help practitioners improve the analysis of Rorschach content, ten suggestions, often with examples, are offered, these “hints” affecting both conceptualization and practice. A case fragment is appended to the review to host the above suggestions and to illustrate the (likely) less frequent “active evocation” of content to further the analysis.

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