Multiple Objectives in Accounting and Finance

Article Abstract:

Finance literature has frequently assumed that profit maximization is the single objective of companies. However, this is doubtful. A survey is issued to test the assumption and to identify what other investment objectives companies might have. Most companies listed multiple objectives. Although profit was the most common response (seventy-one percent), growth and risk aversion were also mentioned. These objectives are prioritized. Empirical evidence was collected in the United States and in the United Kingdom. Multiple investment objectives might better be served with multiple reporting functions also.

Evaluation, Profit, Profits

---

An agency-theoretic perspective on participation clauses in loan contracts

Article Abstract:

Equity participationclauses are often included in debt contracts in the financing of real estate ventures. The inclusion of such clauses in contracts is explained by the need to reduce interest charges on debts incurred by real estate development projects. Previous studies on participation clauses highlight the fact that they do not affect the profitability of real estate firms. However, recent evidence points out that participation clauses often lead to increased profits for real estate firms.

Research, Contracts, Equity (Law)

---

Replacement Investment: Optimal Economic Life Under Uncertainty

Article Abstract:

The article addresses the quantitative and qualitative impact of uncertainty on new investment timing, and identifies the criteria necessary for terminating existing plants using a regenerative optimal stopping framework.

Strategy & planning, Management dynamics, Plant Closing Procedures, Planning, Economic aspects, Company business management, Plant shutdowns, Company business planning

Similar abstracts:

• Abstracts: Conditional skewness in asset pricing tests. A multinational perspective on capital structure choice and internal capital markets
• Abstracts: Related Qualities of Useful Accounting Information. An empirical examination of forecast disclosure by bidding companies
• Abstracts: Effects of cricket ball colour and illuminance levels on catching behaviour in professional cricketers. Determining the protective function of sports footwear
• Abstracts: Comparison of the effects of backpack loading and of walking speed on foot-floor contact patterns. Evaluation of book backpack load during walking
• Abstracts: Sequential and Two-Stage Procedures for Selecting the Better Exponential Population Covering the Case of Unknown and Unequal Scale Parameters

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.