11,563 research outputs found
Brooke Shields Addresses FIT Graduates
2015 Commencement Speaker: Brooke Shields, Actor, Author, and Entrepreneur
Shields, A D, VX29281
This record was harvested from a previous catalogue system and will be withdrawn in 2025. Information in this record may be superseded or incomplete. Visit this record in UMA's new catalogue at: https://archives.library.unimelb.edu.au/nodes/view/416666Surname: SHIELDS. Given Name(s) or Initials: A D. Military Service Number or Last Known Location: VX29281. Missing, Wounded and Prisoner of War Enquiry Card Index Number: 3881.238819
Item: [2016.0049.48927] "Shields, A D, VX29281
Robert D. Shields
Black and white portrait photograph of Robert D. Shields, Academic Adviser, 1965-1968.https://thekeep.eiu.edu/archives_faculty_sz/1060/thumbnail.jp
Levered and unlevered Beta
We prove that in a world without leverage cost the relationship between the levered beta ( L) and the unlevered beta ( u) is the No-costs-of-leverage formula: L = u + ( u - d) D (1 - T) / E. We also analyze 6 alternative valuation theories proposed in the literature to estimate the relationship between the levered beta and the unlevered beta (Harris and Pringle (1985), Modigliani and Miller (1963), Damodaran (1994), Myers (1974), Miles and Ezzell (1980), and practitioners) and prove that all provide inconsistent results.unleveredbeta; levered beta; asset beta; value of tax shields; required return to equity; leverage cost;
Sheilds-Shields, D J, 4719826
This record was harvested from a previous catalogue system and will be withdrawn in 2025. Information in this record may be superseded or incomplete. Visit this record in UMA's new catalogue at: https://archives.library.unimelb.edu.au/nodes/view/416472Surname: SHEILDS-SHIELDS. Given Name(s) or Initials: D J. Military Service Number or Last Known Location: 4719826. Missing, Wounded and Prisoner of War Enquiry Card Index Number: SEA-3742.238625
Item: [2016.0049.48733] "Sheilds-Shields, D J, 4719826
Comments on "A reconsideration of tax shield valuation" by Enrique R. Arzac and Lawrence R. Glosten
While Arzac and Glosten (2005) affirm that "the value of tax shields depends upon the nature of the equity stochastic process, which, in turn, depends upon the free cash flow process," I prove that the value of tax shields depends only upon the nature of the stochastic process of the net increase of debt. Arzac and Glosten (2005) formulate the constant leverage ratio assumption as Dt = L•Et. The assumption of Fernández (2004) is E{Dt}= L•E{Et}, where E{•} is the expected value operator, D the value of debt, E the equity value, and L a constant. The Arzac and Glosten (2005) assumption requires continuous debt rebalancing, while mine does not. Under both financial policies, the expected leverage ratio is constant, but the Arzac and Glosten (2005) assumption is too extreme.Value of tax shields; required return to equity; cost of capital; net increase of debt;
Novak Hunt and Shields
Robert Novak and Mark Shields interview with Trent Lott. Topics discussed: Homeland Security Act of 2002; weapons of mass destruction; U.S. foreign relations with Iraq; the economy; and unemployment
Shields-Darcy pipingmodel. Verschilanalyse met Sellmeijer en D-GeoFlow.
Hydraulic Structures and Flood Ris
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