Common Clues Of Financial Statement Manipulation

Teaching accounting in a finance class is always difficult, but article like this will be of interest to the students and a good way for all to get some practical applications of what to be aware of when examining financial statements.From Investopedia:Common Clues Of Financial Statement Manipulation: "One of the most prevalent approaches to corporate accounting is to omit the bad and exaggerate

Bush Backs Linking of Executive Pay and Performance - New York Times

Bush Backs Linking of Executive Pay and Performance - New York Times: "President Bush took aim Wednesday at lavish salaries and bonuses for corporate executives, standing on Wall Street to issue a sharp warning for corporate boards to 'step up to their responsibilities' and tie compensation packages to performance.... He said some workers are being left behind in the booming economy and the

New York and Tokyo Stock Exchanges Announce Alliance - New York Times

From the NY Times: New York and Tokyo Stock Exchanges Announce Alliance - New York Times: "The New York Stock Exchange and Tokyo Stock Exchange announced an alliance Wednesday that extends the NYSE's global reach and could lead to an eventual combination of the world's two largest financial markets....allows the two stock markets to cooperate on joint developments such as financial products,

A Small B-School Can Be a Big Plus

SBU scores well on this!! From BusinessWeekA Small B-School Can Be a Big Plus: ""So what, exactly, is the small school advantage? In a word: community. Students say it's easier to form close bonds with classmates at a small school like Tuck or UNC's Kenan-Flagler, where each graduating class is kept to under 300 people, compared with larger ones like Harvard and Wharton, where the graduating

Not academic and not even that good but it is interesting to read and the conclusion is pretty good: i.e. passive and automatic investing wins out in the end! From FoxNews Short version: Quantitative analysis, which limits impact of behavioral finance's impact, is catching on and indexing seems to be better way to go than stock picking (nothing new with that!)Two look-ins:"Behavioral Finance,

The Thinkers: He brings higher mathematics to bear on high finance

The Thinkers: He brings higher mathematics to bear on high finance: ""It's called stochastic calculus, a branch of mathematics that measures what happens in any system that is beset by random fluctuations.Dr. Shreve, the Orion Hoch Professor of Mathematics at Carnegie Mellon University, does research into both the convertible bond and YouTube problems."How could any pass up an article that has

Davos 2007 - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

A couple of follow ups on previous stories:Two recaps from Davos:1. Davos 2007 - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times: "The five-day event, meant to generate discussion of major global issues, featured dozens of panel sessions, nonstop networking among its high-powered attendees and, for those tired of such serious fare, a long list of private parties"2

Financial Engineering News - January/February 2007

Looking for a finance-ethics case for class? Or just trying to learn more about what happened at HP? Financial Engineering News has you covered!Financial Engineering News - January/February 2007:A few quick look-ins:"Even after Fiorina's victory on the merger and proxy challenges, the HP board continually heard complaints from employees and officers about Fiorina's autocratic style, her

Helping revive free trade

Yeah! Good news from Davos!!Helping revive free trade | The Courier-Mail: "MAJOR world powers have agreed to resume global free trade talks suspended six months ago amid deep divisions over farm subsidies between the US and the European Union.Australian Trade Minister Warren Truss said the breakthrough at a meeting on the sidelines of the World Economic Forum in Davos, Switzerland, meant there

Author interview | Economist.com

Author interview | Economist.com: "A discussion with Edward Carr, Business Affairs Editor of The Economist“Median pay for executives is around $7m per year. That's a lot of money, but not that much when you compare it with people in similar professions—lawyers, traders, hedge fund managers. They've actually outpaced executives. If you look at executive pay in the context of other high-flyers, it

Cool! Milton Friedman day!!

From Jeff:"I am writing to you because I thought you and your blog readers might appreciate hearing about this. “Milton Friedman Day” will be celebrated next Monday, January 29 and The Economist will pay tribute to the famous and highly influential economist by hosting an online discussion with prominent economists and officials such as Leo Melamed, Ben Stein and California Governor Arnold

Big Deal(s): What's Driving the M&A Frenzy? - Knowledge@Wharton

Knowledge at Wahrton does its usual great job this month. The highlight? A look at the takeover market. GREAT stuff:Big Deal(s): What's Driving the M&A Frenzy? - Knowledge@Wharton: "2006 set a record for mergers and acquisitions worldwide. Deals totaled $3.79 trillion, 38% higher than in 2005, and 55 of the transactions were valued at more than $10 billion each, according to data from Thomson

Media-Newswire.com - Press Release Distribution - PR Agency

Note to self: add Fama-efficient to vocabulary!Media-Newswire.com - Press Release Distribution - PR Agency: "Nobel prize winner Professor Robert Engle, New York University, will discuss Generating Return on Capital in a ‘Fama-Efficient’ World with Fabrizio Gallo and Robert Ferstenberg from Morgan Stanley in a public event at LSE on Tuesday 30 January. The equity investment management business has

Winston-Salem Journal | NOT A BAD BET: Vice Fund's returns indicate that people are always going to drink, smoke and gamble

Winston-Salem Journal | NOT A BAD BET: Vice Fund's returns indicate that people are always going to drink, smoke and gamble: "Vice can be nice when it comes to the investment returns of a mutual fund that counts on consumers to smoke, drink or gamble in good and bad economic times.But analysts caution that the Vice Fund has benefited from good economic timing since its inception in August 2002

The Chronicle, 1/19/2007: Sales Go Up $6 for Every $1 Companies Add to Giving Budgets, Report Says

So reputation DOES matter and being nice pays off! have to admit the numbers surprise me. I will have to read the actual study!The Chronicle, 1/19/2007: Sales Go Up $6 for Every $1 Companies Add to Giving Budgets, Report Says: "For every new dollar a retail company, bank, or popular-goods manufacturerallocates to its charitable-giving budget, it can expect sales to grow onaverage by $6,

Finance & Accounting Jobs - Search Finance Jobs & Careers at Monster.com

With the start of the new semester, many seniors will get more serious about their job search. Monster.com's finance channel is a good starting point! It has tips for resumes, interview questions, and of course openings. Finance & Accounting Jobs - Search Finance Jobs & Careers at Monster.com: "Find out which positions in finance and insurance are at the top of the pay food chain and have the

Welcome back!

After about two weeks with zero internet (working with BonaResponds and Randy's Rangers in Pass Christian Mississippi) classes started this week and I have internet again so I will soon be back to blogging. I have a couple of long overdue reviews to do first, but hopefully by the end of the week it will be business as usual.jim