http://nova.newcastle.edu.au/vital/access/services/Feed ${session.getAttribute("locale")} 5 http://nova.newcastle.edu.au/vital/access/manager/Repository/uon:11504 We characterize the Stirling numbers of the second kind S(n, k) modulo prime powers in terms of binomial coefficients. Our results are surprisingly simple when k is a multiple of the modulus. 2012-09-13T23:55:07.467Z ]]> http://nova.newcastle.edu.au/vital/access/manager/Repository/uon:10905 Setting project financing parameters, such as the loan to valuation ratio, loan interest rate, repayment schedules, and fees, requires detailed modelling of the resulting credit risk in a non-recourse setting. Structured credit risk models, based on the early work of Merton, have been developed in continuous time which can assist with project financing structuring. These models require a level of mathematical sophistication that may not always be available to those undertaking project financing analysis. This note provides an overview of a discrete time binomial approach to structural credit risk modelling, which enables project financing analysts a more accessible tool to evaluate project loan structures. 2012-06-21T05:55:35.287Z ]]> http://nova.newcastle.edu.au/vital/access/manager/Repository/uon:6700 This paper tests one of DeAngelo and Masulis' hypotheses to predict whether a leverage change will affect the market value of the firm by analyzing the relationship between debt in the capital structure of a company and its valuation on a sample of Indian companies. The results show a mix of both negative and positive correlation between the leverage and valuation variable. However, even in the years with negative correlation, the coefficients are low and the inference is that leverage does have a valuation impact. This conclusion is reinforced by the fact that the firm level time series analysis shows that the majority of the companies in the study have positive correlation. 2010-09-12T22:40:03.294Z ]]> http://nova.newcastle.edu.au/vital/access/manager/Repository/uon:3643 In 1892, Oscar Wilde defined a cynic as 'A man who knows the price of everything and the value of nothing'. In these times, Wilde might have recast his definition, in accord with contemporary thought as being 'A person who knows the value of everything, but has forgotten the price of most things'. The interrelationship between price and value touches, as it always has, on many, if not all, areas of human activity from the apparently trivial to the apparently profound and primal. Hence, it would be strange had Australian family law as it relates to matters involving property and finance had escaped as, indeed, it has not! 2010-04-27T05:21:32.772Z ]]>