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The article comments on the Circular 4/2019 of the Bank of Spain for financial credit establishments, enacted on January 1, 2020, which constitutes the accounting regime of financial credit institutions. Before undertaking any business valuation or analyzing any investment that may arise within an organization, it is important to know each of the factors involved in it and that can enhance or decrease the business value. It encompasses a series of concepts that together make up the most important milestones in the construction of business value.

Copyright of Técnica Contable y Financiera is the property of Wolters Kluwer Espana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Técnica Contable y Financiera is the property of Wolters Kluwer Espana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This research aims to analyzing the effect of earning management and level of voluntary disclosure on cost of equity capital in a financial report. Since earning management and level of voluntary disclosure are the main problems in management policy, a manager will put them into consideration when making a policy. The population is manufacturing companies listed in Indonesia Stock Exchange (ISE) and in LQ-45 Index in the year of 2009-2010. The samples (22 companies) were selcted by purposive sampling method. The secondary data used in this research and obtained from IDX and used of multiple linear regressions to test the hypothesis development. The results showed that independent variable name earning management influenced cost of equity capital significantly negative and was in line with the first hypothesis. The second hypothesis was rejected because level of disclosure was proven having no significant influenced on cost of equity. Control variable showed that stock beta influenced cost of equity significantly positive whereas the company size was proven having no significant influenced. [ABSTRACT FROM AUTHOR]

Risk is often expressed as cost of capital in the context of investment valuations. The estimation of an appropriate discount rate to evaluate investment cash flows in order to determine its viability is the most important in the capital budgeting process, whether it is a multinational or small size company. From a strategic point of view, determining the appropriate cost of equity capital is critical in reducing the uncertainty that multinationals (MNCs) and domestic companies face when investing in different countries. Differences in risk and a lack of understanding of how emerging African stock market returns are influenced by the developed markets, as well as lack of reliable long-standing historical market data, are factors that international investors and corporate managers have to cope with. Most companies estimate their cost of equity capital using the Capital Asset Pricing Model (CAPM). However, the use of CAPM to estimate cost of equity capital in emerging African capital markets has numerous challenges, which are discussed in the literature below. This study is designed to empirically investigate whether the CAPM is a sufficient asset pricing model to estimate cost of equity capital in Kenya. A time series methodology was followed and the result showed that although the CAPM's beta significantly explains equity returns, there are other risk factors not captured by CAPM. This means corporate managers and investors must beware. [ABSTRACT FROM AUTHOR]

Abstract: The search of neutrinoless double beta decay is very challenging because of the expected half-life of the process and the backgrounds from the natural radioactivity. Many projects exist to try to reach a sensitivity of ∼50 meV on the effective neutrino mass corresponding to a mass of isotopes of ∼100 kg. In this article some of the futur projects are presented. [Copyright &y& Elsevier]

The article presents a primer on discount rates, the third in a four-part series addressing the complex issues bankruptcy professionals encounter when dealing with fraudulent conveyance claims and other issues related to analyzing solvency. It explains why discount rates are often controversial and discusses opportunity cost. The article also explores the build-up method, capital asset pricing model (CAPM) and the Fama-French three-factor model of discount rate derivation.

In this study, we examine the Capital Asset Pricing Model (CAPM) structure in Dhaka Stock Exchange (DSE) market for non financial companies. The study also aims at exploring whether the CAPM is applicable in DSE. For this study we have been used monthly stock returns from 60 non-financial companies for the period of January 2005 to December 2009. In order to examine the risk-return trade off in a sample of individual stocks, we apply the usual two stages regression. From the CAPM empirical analysis for individual stocks, it is observed that intercept term is significantly different from zero and slope is not equal to the excess return on the market portfolio. But, the CAPM's prediction for the intercept is that it should equal zero and the slope should equal the excess returns on the market portfolio. So, the results of the study refute the above hypothesis and offer evidence against the CAPM. Thus, it can be concluded that CAPM is not a suitable indicator of asset prices in Bangladesh over the chosen sample period. The securities market line shows linearity which means that the CAPM linear relationship is enough to express the returns generating process. Moreover, the investors are rewarded for market risk but not for unique risk because unique risk shows insignificancy during the period. [ABSTRACT FROM AUTHOR]

This paper considers the double gamma distribution on the real line λc with Laplace transform (1-t2)-c and the distributions of the products of independent random variables X,Y1,…,Yp,U1,…,Uq, where X is double gamma, the Y''s are gamma and the U''s are beta. These distributions are typical of what are called lambda distributions. Although they are obtained by multiplicative convolution, these lambda distributions are shown to be distributions occurring with additive convolution. This phenomena appears in a non-trivial way, specially when the Bailey''s reduction formulas for hypergeometric functions are used. [Copyright &y& Elsevier]

Scientists warn the variant may be more transmissible and could have the potential to evade vaccines, but it is still being investigated and makes up just a small share of South Africa's coronavirus cases. [ABSTRACT FROM AUTHOR]

Abstract: If has a binomial distribution , , with , the theorem of Simmons asserts that ; if has a Poisson distribution , we have a similar result but, furthermore, Teicher proved that both sequences and are increasing. The aim of this note is to give a simple proof of these results and to extend them to geometric and negative binomial distributions. [Copyright &y& Elsevier]

NEW YORK--If Richard Levine has his way, everyone could revert to seven-digit local calling simplicity, even amid the expanding complexity of wired and wireless telecommunications. Levine, a research alumnus of [...]

TH GROUP Bhd's wholly-owned subsidiary, Tung Hup (Contracting) Sdn Bhd has signed a memorandum of understanding (MOU) with Beta-Omega Technologies (Malaysia) Sdn Bhd to carry out timber extraction in East [...]

Houston-based Pinnacle Natural Gas announced that it has been awarded a contract to build, own and operate an 33-mile, 18-inch diameter natural gas pipeline with a design capacity of 140 [...]

Presents a study describing the autonomic modulation of the U wave during sympathomimetic stimulation and vagal inhibition in normal individuals. Relationship between the increase in heart rate and the decrease in QU interval; Decrease in QU by atropine stimulation; Influence of the stimulations on the timing and amplitude of U waves.

iOS 9 includes a smarter Siri, Apple News and much more [ABSTRACT FROM PUBLISHER]

It was causing people to lose Wi-Fi access [ABSTRACT FROM PUBLISHER]

The anticipated 10th version of OS X is finally deploying to one million users who signed up for Apple's public beta. [ABSTRACT FROM PUBLISHER]

The article offers information on the gaining popularity of core-satellite investments in highly concentrated equity portfolios of 15 to 20 stocks each and also discusses the need of enhanced returns by the financial institutions.