Browsing Kaw Valley Bank Working Paper Series by Title
Now showing items 28-47 of 232
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Calculated Intangible Value and Brand Recognition
(Washburn University. School of Business, 2005-10-1)How can a company value its various intangible assets? By definition, intangible is "a good, service, or effect that has no monetary value." One example of an intangible asset is employee knowledge. For instance, an ... -
Capital City Corporation: A Case Study in Financial Analysis and Forecasting for Shareholder Value Creation
(Washburn University. School of Business, 2006-01-1)A firm's senior management team must reach a consensus regarding key strategic decisions available to the company. A comprehensive financial analysis of the firm's past performance and future prospects is necessary to ... -
Capital Structure Decision-Making with Growth: An Instructional Class Exercise
(Washburn University. School of Business, 2010-10-1)This paper offers an instructional class exercise of the capital structure decision-making process. The exercise applies four gain to leverage (GL) equations including a recent GL equation that ties together the plowback-payout ... -
A Capital Structure Model
(Washburn University. School of Business, 2006-08-1)This paper develops a capital structure model (CSM) that offers perpetuity gain to leverage (GL) equations for debt-to-equity and equity-for debt exchanges. The perpetuity CSM equations presented in this paper have two ... -
A Capital Structure Model (CSM) with Tax Rate Changes
(Washburn University. School of Business, 2014-08-1)Perpetuity gain to leverage (GL) research originates in Modigliani and Miller (1963) and was extended by Miller (1977) to incorporate personal taxes. This research analyzes GL when issuing debt to retire unlevered equity. ... -
A Capital Structure Model (CSM) with Wealth Transfers
(Washburn University. School of Business, 2012-09-1)Perpetuity gain to leverage (GL) research originating in Modigliani and Miller (1963) and Miller (1977) analyzes the change in value from issuing debt to retire unleveraged equity. Hull (2007, 2010) extends this research ... -
Capital Structure Model (CSM): Correction, Constraints, and Applications
(Washburn University. School of Business, 2017-12-1)We extend the Capital Structure Model (CSM) research by performing the following tasks. First, we offer a correction on the corporate tax rate adjustment found in the break-through concept of the levered equity growth rate ... -
A Capital Structure Model with Growth
(Washburn University. School of Business, 2010-02-1)This paper broadens perpetuity gain to level (GL) research by analyzing the role of growth within the capital structure model (CSM) formalized by Hull (2007). We contrast the cost of using internal equity versus external ... -
Carving Nature at Its Joints: Philosophical Perspectives on Accounting Entities
(Washburn University. School of Business, 2016-11-1)The complex task of carving nature at its joints is central to financial accounting practice. Yet basic philosophical problems and assumptions inherent in categorizing and representing selected aspects of reality are set ... -
Causality of Women's Labor Force Participation and Education
(Washburn University. School of Business, 2003-12-1)Labor force studies have confirmed that women who have more education are more likely to participate in the labor force. However, whether women work because they have more education, or women pursue education because they ... -
Changing Perspectives on Corporate Payout Policy: From Cash Dividends to Share Repurchase
(Washburn University. School of Business, 2005-10-1)Considerable evidence exists that investors' high regard for regular dividend payments is well-founded. Dividends are tangible cash flow streams that give stocks their intrinsic value, in addition to lowering risk and ... -
Closing the Federal Deficit Gap: You Make the Call! (Making the Case for Expenditure Cuts and/or Tax Increases)
(Washburn University. School of Business, 2012-02-1)This case allows students to analyze and provide workable solutions for closing the United States Federal deficit for the fiscal year ended June 30, 2011. Estimated at $1.3 trillion, the 2011 deficit pushed the overall US ... -
Cloud Computing: Governance and Audit Research Questions
(Washburn University. School of Business, 2015-06-1)Cloud computing services are finding rapid adoption as firms seek cost reduction, technical expertise, flexibility, and adaptable mechanisms to attain sustained advantages in the fast-moving business environments. The ... -
Coaching Decisions Influence Over Potential Overtime Games in the NFL
(Washburn University. School of Business, 2005-12-1)In the National Football League, it is important for a coach to use all information available when deciding, during the game, whether to attempt to win a game during regulation or to play for overtime. An incorrect decision ... -
Community College: A Cost Effective Path to a Bachelor's or a Short Sighted Educational Investment
(Washburn University. School of Business, 2017-03-1)Rising four-year university tuition and graduate indebtedness in the United States has made two-year community colleges a potentially cost effective path to a bachelor's degree by allowing students to transfer community ... -
The Computer-Based CPA Exam: Ten Years in the Rear View Mirror
(Washburn University. School of Business, 2014-12-1)As we approach the 100th anniversary of the administration of the Uniform CPA exam and pass the 10 year mark following the introduction of a computerized examination format, it seems appropriate to briefly visit the exam's ... -
Constraints Women Face in Golf and Long-Term Growth Strategies
(Washburn University. School of Business, 2003-11-1)Even though the game of golf is experiencing unprecedented popularlity, especially in terms of viewership, participatory golf has run into some difficulty. The industry is currently undergoing a "churning effect," whereby ... -
Corporate Governance Business Ethics and Individual Responsibility
(Washburn University. School of Business, 2008-02-1)Ethical behavior in business is not an accident. it requires vigilance, constant emphasis, and leadership, particularly in the case of shareholder owned, publicly traded companies. This paper systematically provides a ... -
Corporate Inversion: A Symbol of a Changing Paradigm of Corporate Behavior? Balancing Global Competitiveness, Fiduciary Duty, and Ethical Behavior
(Washburn University. School of Business, 2003-11-1)Global competitiveness is affecting U.S. companies in a variety of ways. one is tax policy. U.S. federal tax policy in a global environment causes many U.S.-based companies to operate at a disadvantage to some foreign ... -
Could US Stocks be Fairly-Valued Under the "New Normal" Paradigm?
(Washburn University. School of Business, 2012-12-1)Investors have expressed concern over US stocks' persistent high valuations relative to fundamentals, and the accompanying forecasts of below-average stock returns. This issue is important, as both consumer and business ...