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This Pivot book focuses on both the essentials of asset management and current industry trends, specifically the development from an active management approach to a focus on ESG investments. The first part of the book outlines the dynamics that have traditionally characterised the asset management industry, including the distinction between active and passive portfolio management, the emergence of Exchange Traded Funds (EFTs) which have dominated portfolio allocation over the last 25 years, and the growth of the factor investing approach. It then explores how ESG principles have evolved into a primary focus for investors over the last few years, and how the growing importance placed on the establishment of homogeneous ESG criteria across companies now involves investors and asset managers as well as regulators. The final section of the book considers climate finance as a new challenge for asset management, which insists on portfolio choices that aim to mitigate the effects of climate change. This book offers new perspectives on the academic debate around differing investment philosophies as well as offering an empirical analysis of ESG benchmarks used across the industry. It will be of interest to academics and practitioners in finance and banking broadly, including those working in climate finance, investment behaviour, and corporate governance.

This book provides a clear and concise explanation of withholding tax and how to leverage best practice to generate improved investment performance. It gives practical guidance to financial service firms and investors to help them understand the issues involved, trends and practicalities of maximizing returns on investment.Most of the $200 billion of withholding tax lost by investors annually is due to lack of awareness and not asking the right questions of their brokers and custodian banks. Financial institutions are also increasingly being held to a higher standard by investors for provision of withholding tax services because of the impact it can have on portfolio performance. This book seeks to raise awareness of the issues and provide more detail about how the system works and what challenges and changes readers should expect in the future.

The proper management of cash is an essential part of business operations. Corporate Cash Management provides an essential framework for the development and operation of a cash management system. It does so by showing how to forecast cash flows, which can then be used as the basis for a campaign to enhance the inflow of cash to the organization. The book also notes the systems used to collect, concentrate, invest, and disburse cash, as well as the supporting controls and measurements needed to monitor these systems. It also covers the related topics of fundraising and risk management. In short, Corporate Cash Management is a useful tool for developing a comprehensive system of cash management

This book provides a comprehensive overview of the implications of tax avoidance for a firm¿s capital structure, highlighting the key role played by free cash flow and agency conflicts. First, the book provides an outline of the theories and empirical evidence concerning the role of taxes in the Theory of Capital Structure. It reviews the studies investigating the relationship between agency conflicts and capital structure. The book explores the role of free cash flow and agency conflicts in the relationship between tax avoidance and capital structure. In the final section, the results of an empirical investigation conducted on a sample of U.S. public firms are also presented. The empirical research examines whether and how tax avoidance is associated with debt covenant violation across the stages of the corporate life cycle. Specifically, the research uses the concept of the corporate life cycle stage to analyse whether and how the association between tax avoidance and debt covenant violation varies in different agency settings. Consistent with the hypotheses drawn on the Agency Theory, the findings of the empirical research suggest life cycle stages moderate the association between tax avoidance and debt covenant violation. Overall, this book sheds light on the potential implications of tax avoidance activities for a firm¿s capital structure. The book will be of interest to both experienced and early-stage scholars interested in the topic. Moreover, the book will also be of interest to policymakers, investors, analysts, lenders, and other market participants.

Becoming a startup founder or investor may seem glamorous, but the field is surrounded by misconceptions. As a high-risk industry, venture capital often suffers from too much hype and too few results-and in order to succeed, understanding the principles of both investing and startup building is essential.Fortunately, angel investor, founder of VC firm AltalR Capital and author Igor Ryabenkiy offers a path forward in Adventures in Venture Capital, a comprehensive guide to help investors and founders alike avoid common pitfalls and achieve explosive growth in the startup world.Drawing on Ryabenkiy's years of experience both growing and exiting successful tech businesses, Adventures in Venture Capital uses real examples to help readers navigate the startup world, and to ensure that their investments result in desired returns rather than dashed expectations. With hard-won wisdom for both angel investors about to get their wings and startup CEOs heading into financing rounds, Adventures in Venture Capital answers common questions facing those in today's VC landscape, including: -How to identify future unicorns as early as possible-Which founders to support (and which to keep at arm's length)-What strategies work best to balance growth and productivity-How CEOs and founders can pitch to get investors interested-Why having competitors in a new market is actually a good thingAnd much more.With sharp humor and incisive analysis, Ryabenkiy shares just how he's been able to become a successful investor across industries, language barriers and continents. For anyone hoping to set sail into the startup world, Adventures in Venture Capital is both a compass and a life raft.

A thorough knowledge of finance is needed in order to successfully operate a business of any size. Corporate Finance concentrates on the finance essentials needed to run a business, including fund raising, internal cash management, and the deployment of funds to dividends, capital expenditures, investments, and acquisitions. It addresses such core issues as how to develop an appropriate capital structure and determine the best types of available funding. The book also covers risk management for foreign exchange and interest rates. In short, Corporate Finance provides the finance professional with a complete toolkit of solutions.

Seit einigen Jahren beschäftigt die Automatisierung beliebiger Prozesse und Prozessschritte mit der RPA-Technologie die Finanzwirtschaft. Mittlerweile aus dem Alltag vieler sachbearbeitenden Bereiche nicht mehr wegzudenken. Wie funktioniert die Technologie, wer trägt die Verantwortung und was sind die Risiken eines Einsatzes in der eigenen Bank? Das Buch beantwortet diese und viele verwandte Fragen zu RPA, die sich insbesondere interne und externe Prüfer, aber auch Entscheider stellen. Neben einer Einführung in die Technologie und der Einordnung in einen weitgefassten, strategischen Kontext, wird insbesondere die Thematik der richtigen "Prüfung und Beurteilung" der Technologie diskutiert.

You Deserve To Thrive Amidst An Uncertain World!In Dental Wealth Nation you will learn: The truth about investment consulting - Page 23How to improve your cash flow and leverage tax mitigation strategies - Page 31How to protect your wealth from unjust means - Page 68How charitable gifting will actually make you money, and feel good too - Page 85The Relationship Management Formula - Page 105The Importance of Stress Testing - Page 147

Looking to take your business accounting to the next level? Look no further than QuickBooks!This comprehensive guide is perfect for beginners looking to harness the power of QuickBooks to streamline their financial management and get a better handle on their finances.Whether you're looking to create sales receipts, invoices, receive payments, write checks, or pay bills, this guide has you covered with easy-to-follow step-by-step instructions. You'll also learn how to use advanced features like receipt capture, smartphone mileage tracking, and cash flow dashboards to maximize your efficiency and stay on top of your finances.Beyond the basics, this guide covers everything you need to know about using QuickBooks for product-based and service-based businesses, setting up custom bookkeeping needs, and navigating advanced features like the reports center and batch processing.Don't wait any longer to take control of your finances and set your business up for success.Get Your Copy Today!

This book brings together works written by academics from all over the world on all aspects of business history: accounting history, management history, economic history, audit history, tax history, financial history, and professional history. Writing, transferring and archiving historical knowledge allows future generations to take lessons from the past and make more informed decisions regardless of whether it is in politics, society, or business. "Historization" can also be seen as the first step of institutionalization for private and governmental companies, institutions, professionals, and states. Institutionally managed historical activities, decisions, and results are accepted as a very important reference about the company for decision-makers and stakeholders. Additionally, "historization" is used in the development and promotion of professions. Historization of professions such as certified public accountants, external auditors,internal auditors, economists, tax experts, certified fraud examiners, and managers nationally and internationally has the potential to educate and motivate new entrants to such roles. As such, this book is a valuable read for business historians, professionals in the field, academics, and students of business.

Only 7% of businesses in Australia, and a comparable number in the UK and USA,break through $2M turnover. Find out how your business can join this club.Many books have been published to help startups and entrepreneurs grow their businesses to seven figures, but it takes a whole new approach to grow to $2M and beyond. In The 7% Club, Jenny Stilwell explores what happens inside a business that falters as it approaches $2M. What stands in the way of the next stage of growth?Backed by extensive research, Jenny's strategies, such as the Shift Business Growth Framework¿, help to simplify complexity and reduce overwhelm. She addresses structure, leadership, strategy and scale - the main areas that challenge growth-oriented businesses - and provides fascinating case studies of businesses that have made the leap.The 7% Club is a practical, thought-provoking and inspiring guide for leaders and business owners who are ready to take the next step in their growth, build a better business and enjoy a better life as a result.

The book describes the historical evolution and development of accounting theories and principles. Value and valuation have been reviewed extensively. The author provides a detailed comparison between historic and fair value accounting. A comprehensive review of the literature and researchers' opinions about measurement, fair value, and historical cost value will enable the readers to understand the concepts in detail. Additionally, the book includes case studies evaluating the accounting practices in Turkey and Romania to illustrate how these concepts are implemented in practice. The reader will obtain a good understanding of the local nationalized accounting systems, and up to what extent countries have adapted to IFRS. The books discusses the usage of IT tools in accounting and analyses the impact of information technology such as big data, artificial intelligence, and data analytics in the field of accounting.

How might one determine if a financial institution is taking risk in a balanced and productive manner? A powerful tool to address this question is economic capital, which is a model-based measure of the amount of equity that an entity must hold to satisfactorily offset its risk-generating activities. This book, with a particular focus on the credit-risk dimension, pragmatically explores real-world economic-capital methodologies and applications. It begins with the thorny practical issues surrounding the construction of an (industrial-strength) credit-risk economic-capital model, defensibly determining its parameters, and ensuring its efficient implementation. It then broadens its gaze to examine various critical applications and extensions of economic capital; these include loan pricing, the computation of loan impairments, and stress testing. Along the way, typically working from first principles, various possible modelling choices and related concepts are examined. The end result is a useful reference for students and practitioners wishing to learn more about a centrally important financial-management device.

Dieses Buch fokussiert die mannigfaltigen Herausforderungen, mit denen die Bank- und Finanzwirtschaft aktuell konfrontiert ist. Digitalisierung, Sustainable Development Goals/Nachhaltigkeit (Green Finance), Globalisierung, Pandemie-Folgen, demografischer Wandel, Ukraine-Krieg und Konsequenzen für die Weltwirtschaft betreffen nicht nur Banken und Sparkassen, den Finanzbereich und das Rechnungswesen von Unternehmen sowie die Wirtschaftsprüfung, sondern sind auch in vielfältiger Natur miteinander verknüpft. Entsprechend sind Akteure im Finanzbereich gefordert, sich auf diese Herausforderungen einzustellen und zukunftsbezogene Lösungsansätze zu entwickeln. Namhafte Expertinnen und Experten aus Wissenschaft und Praxis geben Antworten auf die drängenden Fragen in der Finanzwirtschaft.

Dieses Lehr- und Lernbuch führt als Grundlagenwerk in die komplexe Bilanzierungsproblematik des Handels- und Steuerrechts ein. Es werden grundsätzliche Fragen der Bilanzrhetorik diskutiert, die im betrieblichen Rechnungswesen eingebettet sind. Darauf aufbauend werden die handels- und steuerrechtlichen Besonderheiten behandelt. Schwierige Vorschriften werden für ein vereinfachtes Verständnis von Sachverhalten anhand zahlreicher Abbildungen visuell erläutert.Die 7. Auflage berücksichtigt aktuelle bilanz- und steuerrechtliche Änderungen und wurde vollständig überarbeitet.Zusätzlich Fragen per App: Laden Sie die Springer-Nature-Flashcards-App kostenlos herunter und nutzen Sie exklusives Zusatzmaterial, um Ihr Wissen zu prüfen.

Bei der dynamischen Investitionsrechnung ist die Notwendigkeit gegeben, Cashflows, die in der Zukunft liegen, abzuzinsen. Da in vielen Fällen Ausfallrisiken zu beachten sind, sollten diese auch bei der Bewertung einfließen. Die persönlichen Erfahrungen des Autors in der Thematik führten letztendlich zu den Tabellen der risikoadjustierten Barwertfaktoren. Es ist einer der einfachsten Wege der risikoadjustierten Barwertberechnung. Die Cashflows werden lediglich mit dem entsprechenden Barwertfaktor (abhängig von Ausfallwahrscheinlichkeit, Zins und Zeit) multipliziert und schon hat man den Barwert berechnet. Eine sehr gute Hilfe in Studium und Praxis, für die Berechnung und Kontrolle der risikoadjustierten Barwerte.

This book aims at providing an empirical understanding of the main drivers affecting investors¿ preferences in financing new ventures through equity crowdfunding (ECF) and determining fundraising campaign success. ECF is increasing in prominence as a route for new ventures in obtaining external financial resources. To raise capital, entrepreneurs are required to convey quality signals of their proposals with real-time information and knowledge sharing. This book advances knowledge in entrepreneurial finance by investigating the factors that affect individuals¿ decisions to participate in ECF. The authors adopt a data mining approach to extract publicly available information from a multitude of crowdfunding platforms across different countries, producing a unique dataset. The book uses an innovative hybrid analysis to generate knowledge patterns creating data-driven models on one hand, and on the other test research hypotheses adoptingstatistical models to investigate empirical evidence in line, or in contrast, with the extant literature. The book also integrates organizational theories to examine the extent to which ECF platform managers follow a strategy of isomorphism in their choice of information disclosure. The final part of the book discusses how signals are interpreted by investors, how these affect financing preferences, and ultimately the successful completion of a fundraising campaign. The book will be of interest to academics and practitioners in entrepreneurial finance, FinTech, and investment behaviour.

Sie arbeiten für eine Non-Profit-Organisation (NPO) und möchten Ihre finanzielle Situation verbessern? Dann ist dieses Buch genau das Richtige für Sie! ¿Finanzmanagement in Non-Profit-Organisationen¿ bietet Ihnen umfassende Einblicke in die Herausforderungen der Finanzierung und zeigt auf, wie Sie Ihre Organisation auf eine solide finanzielle Grundlage stellen können.Die Finanzierung von NPO folgt etwas anderen Regeln als bei klassischen Unternehmen und in den letzten Jahren ist diese Aufgabe zunehmend komplexer geworden, da sich die Ausgangsvoraussetzungen und insbesondere die gesetzlichen und regulatorischen Rahmenbedingungen stetig verändern.Dieses Buch bietet Ihnen einen wissenschaftlich fundierten und praxisorientierten Gesamtüberblick zu allen Bereichen der Finanzierung von Non-Profit-Organisationen. Von der Budgetierung über Fundraising bis zum Controlling ¿ dieses Buch ist Ihr unverzichtbarer Leitfaden für ein erfolgreiches Finanzmanagement in Ihrer NPO. Es werden Ihnen sowohl die Zusammenhänge zwischen einzelnen Teilbereichen der Finanzierung als auch ein Grundverständnis für die besonderen Aufgabenstellungen im NPO-Kontext vermittelt. Ausgewählte Praxisbeispiele und zahlreiche Best-Practice-Tipps erleichtern Ihnen die Umsetzung bei der alltäglichen Arbeit. Dies ermöglicht Ihnen, die Finanzen Ihrer Organisation so zu planen und zu gestalten, dass sich ihr gemeinnütziger Zweck effizient und wirksam umsetzen lässt.Ein ¿Best Practice in 10 Schritten¿ am Ende des Buches rundet den Gesamtüberblick ab und erlaubt bei spezifischen Teilfragen auch eiligen oder vorinformierten Lesern einen Schnelleinstieg ins Thema!

¿This book presents both theory of financial data analytics, as well as comprehensive insights into the application of financial data analytics techniques in real financial world situations. It offers solutions on how to logically analyze the enormous amount of structured and unstructured data generated every moment in the finance sector. This data can be used by companies, organizations, and investors to create strategies, as the finance sector rapidly moves towards data-driven optimization.This book provides an efficient resource, addressing all applications of data analytics in the finance sector. International experts from around the globe cover the most important subjects in finance, including data processing, knowledge management, machine learning models, data modeling, visualization, optimization for financial problems, financial econometrics, financial time series analysis, project management, and decision making. The authors provide empirical evidence as examples of specific topics. By combining both applications and theory, the book offers a holistic approach. Therefore, it is a must-read for researchers and scholars of financial economics and finance, as well as practitioners interested in a better understanding of financial data analytics.

This text covers R program coding for the implementation of two essential data analytics for practical construction problems. The first part of this book explains time series basics, models, and forecasting approaches in the context of the construction industry, accompanied by practical examples in construction. The second part describes the concept of investment valuation for construction projects and provides both deterministic and probabilistic techniques to conduct investment valuation on construction projects. R code scripts are provided in this book for solving practical problems in the construction industry. This book is also equipped with an R Package entitled ¿cdar¿ to provide the necessary functions for performing investment valuation. The book maximizes students¿ understanding of the necessary theoretical background of data analytics, and explains the implementation of data analytics techniques to solve the actual problems in the construction industry.

This book introduces a measure of firms¿ competition culture based on a textual analysis and natural language processing (NPL) of firms¿ 10-K filings. Using this measure, the book explores the relationship between competition culture and various phenomena in corporate finance, specifically, institutional ownership structure, stock return performance, idiosyncratic stock price crash risk, meeting/beating analysts¿ earnings expectations, and earnings management activity, for a large sample of US-based financial and non-financial firms. In particular, the book provides evidence that transient institutional ownership intensifies firms¿ competition culture, while dedicated institutional ownership lessens it. In addition, the book¿s findings suggest that firms with greater levels of competition culture achieve higher levels of short-term stock return performance, experience greater incidence of idiosyncratic stock price crashes, and are more prone to meet/beat analysts forecast and engagein accruals-based earnings manipulation.Finally, the book examines the role played by competition culture in financial firms (i.e., banks). Specifically, the book explores the effect of competition culture on bank lending and shows that banks with greater levels of competition culture are generally more prone to engage in procyclical lending activity. The findings of the book have significant policy implications and will be of interests to regulators, accounting standard-setters, managers and those charged with firm governance, career academics and researchers, graduates, and those generally interested in the role played by corporate culture in the related fields of finance, economics, and accounting.

Explore the startup landscape of East European countries and review the differences in the concepts of limited liability companies and company equity in approaching the market. This quick reference guide is structured around the primary author, Ivan Voras, with additional chapters written by guest collaborators. Chapters are concise and focus on ways to overcome the various obstacles start-ups may face. You'll benefit from regionally relevant advice on finding problems worth solving as a startup, how to hire people, how to raise investment rounds, and how to find and communicate with investors. Eastern Europe has become a region of fast growth after years of mismanagement and stagnation, and it has become the origin of promising startups. The last couple of years have also seen the rise in the number of local VCs who are attempting to address this market, as well as local incubators and accelerators. But there¿s a problem: the vast majority of educational material available in books and online are written from the perspective of the US market and economy, and are not directly applicable in the complicated nuances of Eastern Europe. The European VC-Funded Startup Guide does not pull punches to highlight the difficulties involved in starting up from this region, but also provides workarounds and advice on how you can overcome them. What You'll LearnCreate and manage an early stage startup in East European countriesRun a young company, hire initial people, and raise investmentsUnderstand venture capitalist funds, which ones to avoid, and what to do with the early investment once you get itWho This Book is ForNovice startup founders in East European countries or more experienced professionals, such as investors and lawyers, interested in the startups in this part of the world.