The most important target of the financial management is to develop the values of the foundation and develop the wealth of shareholders （wealth of the owners）, which is the primary target of the qualified and succes...The most important target of the financial management is to develop the values of the foundation and develop the wealth of shareholders （wealth of the owners）, which is the primary target of the qualified and successful financial management. This target, developing the value of the foundation, depends on the total profit that could be achieved by the company and counting the profit per share, but undoubtedly, the financial management should consider the other targets such as social responsibility and exchange between risk and revenue and others. This research, with its both theoretical and practical aspects, aims at illuminating the value of some foundations in Saudi Arabia, which are already registered in the stock market, by comparing the value of each foundation using two models namely the model of Modigliani-Miller （M＆M） and the model of Gordon. In spite of the difficulties found in the usage of both models, especially Gordon＇s model, we will use both of them to explain the aspects of imperfection in each model. This research will depend on a sample of Sandi industrial companies by getting financial data of these companies over a past decade and the usage of these data, in other words, to measure the value of Saudi companies against the market.展开更多
This paper presents investigations of bankruptcy predicting models which can be useful for external users of a financial statement. Only the methods of financial analysis for insolvency prediction, useful on the basis...This paper presents investigations of bankruptcy predicting models which can be useful for external users of a financial statement. Only the methods of financial analysis for insolvency prediction, useful on the basis of financial statements, were investigated. The paper studied the influence of insolvency on the development of the Latvian Economy, including such relevant points： dynamics of number of insolvency cases in Latvia, data of the payment discipline of debts, tax liabilities of the insolvent companies, dynamics of unemployment support payments. Empirical investigations shows that only Altman＇s Z＇＂ and Fulmer＇s H models demonstrate accuracy above 80% in all analyzed business sectors and they are applicable for Latvian companies. The other models are useful to some particular business sector.展开更多
文摘The most important target of the financial management is to develop the values of the foundation and develop the wealth of shareholders （wealth of the owners）, which is the primary target of the qualified and successful financial management. This target, developing the value of the foundation, depends on the total profit that could be achieved by the company and counting the profit per share, but undoubtedly, the financial management should consider the other targets such as social responsibility and exchange between risk and revenue and others. This research, with its both theoretical and practical aspects, aims at illuminating the value of some foundations in Saudi Arabia, which are already registered in the stock market, by comparing the value of each foundation using two models namely the model of Modigliani-Miller （M＆M） and the model of Gordon. In spite of the difficulties found in the usage of both models, especially Gordon＇s model, we will use both of them to explain the aspects of imperfection in each model. This research will depend on a sample of Sandi industrial companies by getting financial data of these companies over a past decade and the usage of these data, in other words, to measure the value of Saudi companies against the market.
文摘This paper presents investigations of bankruptcy predicting models which can be useful for external users of a financial statement. Only the methods of financial analysis for insolvency prediction, useful on the basis of financial statements, were investigated. The paper studied the influence of insolvency on the development of the Latvian Economy, including such relevant points： dynamics of number of insolvency cases in Latvia, data of the payment discipline of debts, tax liabilities of the insolvent companies, dynamics of unemployment support payments. Empirical investigations shows that only Altman＇s Z＇＂ and Fulmer＇s H models demonstrate accuracy above 80% in all analyzed business sectors and they are applicable for Latvian companies. The other models are useful to some particular business sector.
