AGENCY COST OF DEBT
A problem emerging from the conflict of interest whenever there is separation of management from the owners (stockholders) on a company that is already publicly owned. The corporate governance mechanisms, issuance of debt and board of directors as example, are exercised in an attempt to decrease the conflict of interest. But the introduction of debt in the situation stirs the potential for an another conflict of interest because an another party with a different, which is the lenders (bondholders), is added to the equation.
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MSCI BRIC Index
An index which measures the equity market performance of the emerging market indexes of Brazil, China, India, and Russia. One of MSCI's Regiona ...
Stock Market Crash
Rapid and precipitous decline in stock prices or economic conditions, which can be the result of collapse of long-term speculative bubble, economic ...
Overhead Ratio
A comparison of operating expenses and total income that is not directly related to the production of a good or service. A firm's operating exp ...
European Financial Stablisation Mechanism - EFSM
Permanent fund created to provide financial assistance to EU member states in times of financial difficulties. In essence, it generates money throu ...
Alston D. Correll
CEO and chairman of Georgia Pacific, an ATlanta based paper and building material manufacturers. He joined the company in 1988 and become the COO a ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:01 | Rightmove House Prices | Mar | |
| 04:00 | Fixed Asset Investment | Feb | |
| 04:00 | Industrial production | Feb | |
| 04:00 | Retail Sales | Feb | |
| 04:00 | Unemployment Rate | Feb | |
| 04:00 | NBS Press Conference | ||
| 13:00 | Bundesbank Monthly Report | ||
| 14:15 | Housing Starts | Feb | |
| 14:30 | Retail Sales | Feb |
