network marketing phenomenon in which mendacious mediators are eliminated, basically is a useful matter. but the companies so-called pyramidal schemes misuse this title. in this companies there isn’t any production, consumable goods and useful work and they just constitute the pyramids in which the money belongs to persons in lower level go into the pocket of company and few people who are in t...

This study explores the effect of internal control weakness on investment efficiency of companies listed in Tehran Stock Exchange. The statistical population included all companies listed in Tehran Stock Exchange during the time period 2012-2015. Purposive sampling was the sampling method. Given the theoretical principles and the research literature, two hypotheses were proposed which were test...

For making the most favorable financial decisions possible, it is essential to have an understanding of aspects and factors which can play a role in decision-making. In contrast previous research on subject, has only examined single factor investment decisions, our study takes more holistic approach by looking at several factors. The purpose this was discover elements that influence made organi...

This paper contributes to the large field of research on investment behavior. In contrast to most studies, which are based on US data, we examine investment activities of European companies with panel data from the 1990s. We analyze four different drivers of investment output, liquidity, cost of capital and expectations and derive hypotheses for investment behavior in general and expected diffe...

Nowadays, the efficiency of the productive and physical investment depends on the intangible investment that is associated him. This last takes a very important place in activities and form a distinctive advantage for the competitiveness of enterprises. But it is again very complex and difficult to be able to follow it respectable. The objective of our work is therefore to look for the method a...

This study examines the influence of investment bank’s reputation and political connection on the IPO qualification of Chinese firms. The results show that firms which are sponsored by prestigious investment banks are more likely to pass the regular screening process. Also, the investment bank’s political connections have no significant impact on the IPO qualification. Furthermore, we compared ...

Insurance companies invest their wealth in financial markets. The wealth evolution strongly depends on the success of their investment strategies, but also on liquidity shocks which occur during unfavourable years, when indemnities to be paid to the clients exceed collected premia. An investment strategy that does not take liquidity shocks into account, exposes insurance companies to the risk o...

Corporate Governance, Capital Market Discipline and the Returns on Investment* by Klaus Gugler, Dennis C. Mueller and B. Burcin Yurtoglu We analyze the impact of corporate governance institutions, ownership structures and external capital market constraints on company returns on investment by using a sample of more than 19,000 companies from 61 countries across the world. We show that (1) of th...

The Securities and Exchange Commission (‘‘Commission’’) and its staff (‘‘Commission staff’’ or ‘‘staff’’) are reviewing interpretive issues under the Investment Company Act of 1940 (‘‘Investment Company Act’’ or ‘‘Act’’) relating to the status under the Act of companies that are engaged in the business of acquiring mortgages and mortgage-related instruments and that rely on the exclusion from t...