... that thecostofcapitalofthe firm depends on four factors: the risk free rate, the aggregate risk tolerance ofthe market, the expected cash flow ofthe firm, andthe covariance ofthe firm’s ... number of investors) and J (the number of firms in the economy), there is a non-zero effect on price and on thecostofcapitalof reducing the assessment of firm-variance. The firm-specific ... ours, the nature ofthe cross-sectional impact on the covariance, and therefore thecostof capital, differs in their paper because ofthe different information structure assumed. When the information...
... contacts to the pantetheine moiety of CoA at the outer edge of the tunnel. Water molecules are also present in the pantetheine binding tunnel, both in the unliganded and liganded states [2,11]. There ... on the SH groups ofthe substrate andthe catalytic Cys89,which is conserved throughout the thiolase superfam-ily. The results obtained indicate that the sulfur atoms of both the enzyme andthe ... occupancy ofthe com-pound in the structure, further detailed analysis of the exact binding mode has not been performed, but the mode of binding ofthe acetyl moiety is clearly differ-ent from the...
... atotal volume of 50 lL containing 55 pg of competitor. Atthis concentration, the band intensity ofthe amplifiedproduct fromthe competitor was same as that of the product fromthe endogenous ... alsoobserved another band of 82 kDa when the MREa-proteinband fromthe EMSA was excised fromthe native gel and resolved by SDS/PAGE (unpublished data). We purified the MREa-binding proteins using the avidin–biotin ... Hepaticcirrhosis and neuronal degeneration are the most debilita-ting symptoms of WD and are caused by the impairment of biliary copper excretion andthe accumulation of toxicconcentration of copper. The...
... absence of penis. Besides the study mother, the presence of eggs was also recorded for the otherfemales ofthe stacks. In addition, the curvilinear shelllength andthe location in the stack of each ... al . 1998). Given the genotypes of offspring, their knownmothers andthe candidate fathers, the paternity wasassigned to the most likely father, i.e. the individual with the highest log-likelihood ... to the mother at the time of the collection within the main stack. Forexample, positions (−1) and (−2) refer tofemales situated in between the studiedmother andthe male closest to the mother.3014...
... anticipation of government spending matter? Jörn Tenhofen Evidencefrom an expectation augmented VAR Guntram B. Wolff 15 2007 On -the- job search andthe cyclical dynamics Michael Krause ofthe ... range of data in the Bundesbank. They include micro data on firms and banks not available in the public. Visitors should prepare a research project during their stay at the Bundesbank. Candidates ... Ph D and be engaged in the field of either macroeconomics and monetary economics, financial markets or international economics. Proposed research projects should be from these fields. The visiting...
... remainingmaturity (in years) ofthe loan and that ofthe bond, measured as of an event date.DLN(AMOUNT): Stands for the difference between the natural log of one plus the amount of the loan issue (in $ ... in the loan or the bond subsequent to the loan default date, and is proxied by the price of the loan or the bond on the loan default date. DIFF SCALED FREQUENCY OF PRICE CHANGESrefers to the ... the loan and that ofthe bond, as on a event date. DLN(AMOUNT)stands for the difference in natural log of one plus the amount ofthe loan issue (in $ millions) and that of the bond issue. To...
... different from zero) between: (a) daily returns of loans and bonds, and (b) dailyprices of loans and bonds ofthe same company around default dates. The price and return data for loansis fromthe ... Altman is fromthe Stern School of Business, New York University. Amar Gande is from the Owen Graduate School of Management, Vanderbilt University. Anthony Saunders is fromthe Stern School of Business, ... implications for the informational efficiency ofthe loan market versus1Several empirical studies also provide evidence on the uniqueness of bank loans. These studies examine the issue of whether bank...
... hypothesis, stated in alternative form, examines this role of severity in determining the change in costofequity capital: H3: The increase in costofequitycapital will be greater when the ... Influence of Severity on the Change in CostofEquityCapital 48 10. Influence of Severity on the Change in CostofEquityCapital Individual Measures…………………………………… …… 49 11. Impact of SEC ... according to Hribar and Jenkins the market increases thecostofequitycapital for a firm that issues a restatement and therefore has already increased thecostofequitycapital for a firm that issues...
... items and their cost included in the utility cost section ofthe operating costs. The steam cost was based on thecapital and operating costs of a gas-fired boiler, which includes natural gas cost. 5) ... in thecapitalcostofthe facility. This makes thecapital costs lower than the $1.25-$1.50 noted earlier. The total capital investment has been developed fromthe equipment costs through the use ... forrecycling and is returned to the process, so there is no water discharge fromthe process. The solids from distillation, the concentrated syrup fromthe evaporator, and biogas from anaerobic...
... expressed the concern of its members regarding the increasing costof doingbusiness in the Durban Unicity area. Thecostof water is one ofthe major components of the total infrastructural cost, ... ofcost recovery must be situated in the broader context of the political transition after 1994, andthe linkages between South Africa andthe process of globalisation. Therefore apart fromthe ... boundaries, or the national mobility of goods,services, capital or labour. The Minister, with the concurrence ofthe Minister of Finance, may by notice in the Gazette, set a limit on the amount of the...
... Brumberg, and Milton Friedman. Across these, and other authors, the consumption of a product (as opposed to the amount produced) is foreseen to vary depending on a number of local factors and the ... national level. The extent to which these assumptions are violated in the future will surely affect the accuracy ofthe forecasts presented here. The second type of assumption is of greater importance, ... and Net Costof Private Health Insurance 39 www.icongroupedition.com Ó2002 Icon Group Ltd. 2.48 THE GAMBIA Program administration and net costof private health insurance (US $ mln): The...
... FGCB The cost per dollar of additional revenue is the ratio ofthecost to households to the extra tax revenue. Chapter 10: The Social Discount Rate, Cost of Public Funds, andthe Value of ... leisure demanded. Estimates ofthe marginal costof public funds: In Australia and other OECD countries most estimates ofthe marginal costof public funds are in the 1.2 - 1.3 range. In other ... out thecost to the economy of displacing $50 worth of private consumption and $50 worth of private investment:• the loss of $50 worth of private consumption costs $50• the $50 worth of private...