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ISBN: 0471467855 2008 PDF 704 pages 24.06 MB
Most managerial accounting texts emphasize the mechanics of managerial accounting. While important, mechanics will not be enough. To solve business problems, students need to understand how managerial accounting can improve decision-making, so when and when a particular tool or way is appropriate.
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Are you hunting for a fresh, innovative procedure for accounting that may engage your students and truly bring this issue to life? Then meet Sam Smart. In chapter one we meet Sam because he is establishing his own business and searching at the financial information needed when beginning trade. We then follow him over the textbook as being the business grows to your multinational manufacturing and retailing company. We learn with Sam the way to assess the success of his business, finance way of life, make pricing decisions, put money into product launches and new distribution channels, and control an expanding business PDF. Developed specifically with non-specialist students under consideration, and tested and reviewed by business students, this is actually the perfect textbook on your introductory accounting module. Covering each of the core topics situated on a typical introductory accounting module, this fully integrated research study will give students the confidence they should be successfully approach their course and exams
Accounting Principles: A Business Perspective, Financial Accounting
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University of Liverpool, The Management School, United Kingdom
University of Piraeus, Department of Economics, Greece
University of Manchester, Manchester Business School, United Kingdom
Received 12 March 2013, Revised 31 July 2014, Accepted 19 August 2014, Available online 15 October 2014
The effect of managerial ownership on dividends is explored using a brand new approach.
The dividend ownership relation is non-linear with multiple turning points.
It is increasing at high amounts of ownership suitable for entrenchment.
The relation isn't increasing at high ownership levels for high leverage firms.
Dividends, ownership and debt are substitute mechanisms to relieve agency costs.
This paper examines the relation between dividend policy, managerial ownership and debt-financing for the large sample of firms for auction on NYSE, AMEX and NASDAQ. In addition to standard parametric estimation methods, we make use of a semi-parametric approach, which assists capture more efficiently non-linearities within the data. In line with the alignment effect of managerial ownership, our results support an adverse relationship between managerial ownership and dividends when managerial ownership is a relatively lower levels. However, this negative relationship gets to be a positive one at very high degrees of managerial ownership. We also see that the nature on the relationship between managerial ownership and dividends might be more complex of computer has been previously thought, and it likewise differs significantly across firms with different quantities of debt/financial constraints. The results are like view that agency theory provides useful insights but cannot fully explain how firms determin
Semi-parametric approach ;
Corresponding author. Tel.: 44 0 151 7953807.
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