Long-Term post-merger announcement performance. A case study of Australian listed real estate

Chris Ratcliffe; Bill Dimovski; Monica Keneley

doi:10.1111/acfi.12184

Reframing Finance

10.11126/stanford/9781503601789.001.0001 ◽

2017 ◽

Cited By ~ 11

Author(s):

Ashby Monk ◽

Rajiv Sharma ◽

Duncan L. Sinclair

Keyword(s):

Real Estate ◽

Private Equity ◽

Green Energy ◽

Service Firms ◽

Sovereign Wealth Funds ◽

Traditional System ◽

Financial Capitalism

The role of financial intermediaries has come under close scrutiny in recent times as many of the practices of these service firms have been exposed for their opaque, rent-seeking and dishonest behavior. This book questions the traditional system of Financial Capitalism by examining how beneficiary organizations such as pension funds, sovereign wealth funds, endowments and foundations can reduce the inefficiencies of intermediaries in the savings-investment channel. This book argues that the large pools of long-term capital held in beneficiary organizations has not been mobilized efficiently enough into the capital-intensive long-term projects such as infrastructure, green energy, agriculture, private equity and real estate development. In particular, the book examines a new ‘collaborative’ form of investing that a large number of beneficiary organizations have started to embark on in order to address the problem of mainstream financial intermediation and achieve their long-term investment objectives. The book conceptualizes the ‘collaborative’ model of investment, drawing upon economic sociology, and emphasizes the importance for investors to build their social capital. By providing case study exemplars of collaborative vehicles such as co-investment platforms, joint ventures, and platform companies that invest in infrastructure, agriculture, private equity and real estate, the book provides useful insights for how long-term investment management might be shaped in the future.

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New Vehicles to Drive the Collaborative Model

Reframing Finance ◽

10.11126/stanford/9781503601789.003.0004 ◽

2017 ◽

Author(s):

Ashby Monk ◽

Rajiv Sharma ◽

Duncan L. Sinclair

Keyword(s):

Real Estate ◽

Institutional Investors ◽

Joint Ventures ◽

Theoretical Explanation ◽

Collaborative Model ◽

Actual Case ◽

The World ◽

Set Up

Chapter 4 presents actual case study examples of the vehicles that have been set up and represent the collaborative model. Whereas earlier chapters provided the theoretical explanation and validation for the collaborative model, Chapter 4 provides detailed explanations of eight investor-led co-investment platforms, joint ventures, and platform companies. The vehicles illustrated represent innovative ways for institutional investors to pool capital together to invest around the world into long-term assets such as infrastructure, agriculture, and real estate. The case studies are designed to outline how they came about and what the challenges were in their setup. The chapter is supplemented with a database that identifies over a hundred collaborative investment vehicles that have been set up mostly in the last few years. This chapter will help provide key lessons on strategy, governance, and structural issues as more of these vehicles are setup in the future.

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Snowy Ridge Ski Resort: Fair Value Measurement and the Impairment of Long-Term Assets

Issues in Accounting Education ◽

10.2308/iace.2010.25.1.59 ◽

2010 ◽

Vol 25 (1) ◽

pp. 59-70 ◽

Cited By ~ 1

Author(s):

Richard A. Gore ◽

Paul J. Herz

Keyword(s):

Real Estate ◽

Input Data ◽

Fair Value ◽

Measurement Standard ◽

Ski Resort ◽

Subsequent Test ◽

Fair Value Measurement ◽

Value Measurement

ABSTRACT: The Snowy Ridge Ski Resort case study illustrates the use the new Fair Value Measurement Standard (SFAS No. 157) with various assets in connection with the acquisition of a ski resort and subsequent test for impairment. The case study introduces students to the two primary approaches for measuring fair value (Market and Income). These approaches are then used to compute fair value for a variety of assets. In addition, students become familiar with the Fair Value Hierarchy and classify fair value measures in accordance with the hierarchy. The assets to which the fair value measures are generated include: marketable securities; property, plant, and equipment; real estate under development; and goodwill. The fair values and other input data are then used to test for impairment of the operating assets and goodwill. Thus, the case study illustrates the interplay between fair value measurement and impairment testing in a simple setting to give the student a foundation for understanding how fair value measurement is used in GAAP for operating assets.

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Caregivers' Perceptions of Speech-Language Pathologist Talk About Child Language and Literacy Disorders

American Journal of Speech-Language Pathology ◽

10.1044/2020_ajslp-20-00049 ◽

2020 ◽

Vol 29 (4) ◽

pp. 2049-2067

Author(s):

Karmen L. Porter ◽

Janna B. Oetting ◽

Loretta Pecchioni

Keyword(s):

Language And Literacy ◽

Collective Case Study ◽

Study Approach ◽

School Aged Children ◽

Speech Language Pathologist ◽

Therapy Goals ◽

Semistructured Interviews ◽

Types Of Information

Purpose This study examined caregiver perceptions of their child's language and literacy disorder as influenced by communications with their speech-language pathologist. Method The participants were 12 caregivers of 10 school-aged children with language and literacy disorders. Employing qualitative methods, a collective case study approach was utilized in which the caregiver(s) of each child represented one case. The data came from semistructured interviews, codes emerged directly from the caregivers' responses during the interviews, and multiple coding passes using ATLAS.ti software were made until themes were evident. These themes were then further validated by conducting clinical file reviews and follow-up interviews with the caregivers. Results Caregivers' comments focused on the types of information received or not received, as well as the clarity of the information. This included information regarding their child's diagnosis, the long-term consequences of their child's disorder, and the connection between language and reading. Although caregivers were adept at describing their child's difficulties and therapy goals/objectives, their comments indicated that they struggled to understand their child's disorder in a way that was meaningful to them and their child. Conclusions The findings showed the value caregivers place on receiving clear and timely diagnostic information, as well as the complexity associated with caregivers' understanding of language and literacy disorders. The findings are discussed in terms of changes that could be made in clinical practice to better support children with language and literacy disorders and their families.

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