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10 Cards in this Set
- Front
- Back
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Sarbanes Oxley Act |
A law passed by congress that requires the CEO and CFO to certify that their firms financial statements are accurate |
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Corporation |
A legal entity created by a state, seperate and distinct from its owners and mangers, having unlimited life, easy tranferability or ownership and limited liablity |
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S-Corporations |
A special designation that allows small buissnesses that meet qualifications to be taxed as if they were a propritorship or a partnership rather than a corporation |
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Intrinsic Value |
An estimate of stocks "true" value based on accurate risk and return data. The intrinsic value can be estimated but not measured precisely |
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Market Price |
The stock value based on precived but possibly incorrect information as seen by the marginal investor |
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Equalibrum |
THe stituation in which the actual market oprice equals the intrinsic value, so investors are indifferent between buying and selling stock |
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Corporate Raider |
Individuals who target corporations for takeover because they are undervalued |
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Hostile takeover |
The acuisition of a company over the opposition of its managment |
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shareholder wealth maximization |
the primary goal for managers of publically owned companies implies that decisions should be made to maximize the long run value of the firms common stock |
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Buisness ethics |
Companys attitude and conduct towards its emplyees, customers, community, and stockholders |
