funding decision is one of the financial strategic decisions of a corporation. there are also two other finan-cial strategic decisions that a corporation faces, the investment and the dividend decision. this paper de-scribes briefly the investment and the dividend decision, although its main focus is on funding decision. in de-scribing the funding decision the researchers will first explain the...

T he NSFR r egul ati on r educ es bank s ' l i qui di ty r i sks by enc our agi ng the us e of depos i t f undi ng. D epos i t money i s c r eat ed by l endi ng, but the r equi r ement r es tr i c ts pos s i bi l i ti es to gr ant l oans. T h i s c ontr adi c ti on may be des ta bi l i s i ng i f ther e i s a s ubs tanti al f or ei gn debt.

In the broad literature of corporate risk management classic models of optimal hedging assume a one-period hedging decision, and therefore no financing need arises to maintain the hedge position. The multi-period models are usually based on the assumption of no liquidity constraints, and accordingly the eventual financing need can always be met from the market. As a consequence of the recent cr...

Funding decision is one of the financial strategic decisions of a corporation. There are also two other finan-cial strategic decisions that a corporation faces, the investment and the dividend decision. This paper de-scribes briefly the investment and the dividend decision, although its main focus is on funding decision. In de-scribing the funding decision the researchers will first explain the...

despite fiscal stress, public confidence in the national health service (nhs) remains strong; privatisation has not hollowed out the service. but if long term challenges are to be overcome, pragmatism not rhetoric should be the guide.

the article takes its cue from models of quantitative research applied to complementary/alternative medicine (cam) and pinpoints some innovative features in the case at issue (portugal). it goes on to outline new research scenarios moving beyond the either biomedical or cam framework.

We examine capital structure changes to investigate the impact of SFAS No. 13 on lessees. While this accounting standard essentially rearranged capital lease disclosures (from footnotes to the balance sheet), mandated capitalization substantially altered key accounting ratios. Our results document a systematic substitution from capital leases to operating leases and nonlease sources of financin...

Whereas much is known about how we categorize and reason based on absolute quantity, data exploring ratios of quantities, as in proportions and fractions, are comparatively sparse. Until recently, it remained elusive whether these two representations of number are connected, how proportions are implemented by neurons and how language shapes this code. New data derived with complementary methods...