Anki Deck Changes

Commit: ae66c0f0 - advanced finance

Author: tprazak <t.prazak@gmail.com>

Date: 2026-02-20T22:42:27+01:00

Changes: 11 note(s) changed (10 added, 1 modified, 0 deleted)

Note 1: ETH::2. Semester::Advanced Finance

Deck: ETH::2. Semester::Advanced Finance
Note Type: Horvath Cloze
GUID: Co|jGBm>(z
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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
An entrenching investment is an investment which favors the skills of the current managers even if the investment has a lower or negative NPV.

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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
An entrenching investment is an investment which favors the skills of the current managers even if the investment has a lower or negative NPV.
Field-by-field Comparison
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Text An entrenching investment is an investment which {{c1:: favors the skills of the current managers}} even if the investment has a lower or negative NPV.
Tags: ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?

Note 2: ETH::2. Semester::Advanced Finance

Deck: ETH::2. Semester::Advanced Finance
Note Type: Horvath Cloze
GUID: EKv&?P)`(`
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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Agency costs are reductions in a firm's value that arise from agency problems 

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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Agency costs are reductions in a firm's value that arise from agency problems 
Field-by-field Comparison
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Text Agency costs are {{c1::reductions in a firm's value that arise from agency problems}}&nbsp;
Tags: ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?

Note 3: ETH::2. Semester::Advanced Finance

Deck: ETH::2. Semester::Advanced Finance
Note Type: Horvath Cloze
GUID: KI_dDLj#+L
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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Agency problems are problems that arise from conflicting interests of agents (managers) and principals (shareholders).

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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Agency problems are problems that arise from conflicting interests of agents (managers) and principals (shareholders).
The agent might act in this way for various reasons such as his personal compensation or prestige for example.
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Text Agency problems are problems that arise from {{c1::conflicting interests of agents (managers) and principals (shareholders)}}.
Extra The agent might act in this way for various reasons such as his personal compensation or prestige for example.
Tags: ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?

Note 4: ETH::2. Semester::Advanced Finance

Deck: ETH::2. Semester::Advanced Finance
Note Type: Horvath Cloze
GUID: N)B$=S1q&p
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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Agency costs fall into two categories: 
  1. Value lost because managers don't take value-maximizing decisions
  2. Costs of monitoring managers, setting rules and procedures to mitigate agency problems, and intervening when agency problems are sufficiently severe

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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Agency costs fall into two categories: 
  1. Value lost because managers don't take value-maximizing decisions
  2. Costs of monitoring managers, setting rules and procedures to mitigate agency problems, and intervening when agency problems are sufficiently severe
Field-by-field Comparison
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Text Agency costs fall into two categories:&nbsp;<br><ol><li>{{c1:: Value lost because managers don't take value-maximizing decisions}}</li><li>{{c2:: Costs of monitoring managers, setting rules and procedures to mitigate agency problems, and intervening when agency problems are sufficiently severe}}</li></ol>
Tags: ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?

Note 5: ETH::2. Semester::Advanced Finance

Deck: ETH::2. Semester::Advanced Finance
Note Type: Horvath Cloze
GUID: OKj^jidPIi
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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Errors of commission are mistakes which can be characterized as making a bad decision.

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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Errors of commission are mistakes which can be characterized as making a bad decision.
Field-by-field Comparison
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Text Errors of {{c1:: commission}} are mistakes which can be characterized as making a bad decision.
Tags: ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?

Note 6: ETH::2. Semester::Advanced Finance

Deck: ETH::2. Semester::Advanced Finance
Note Type: Horvath Cloze
GUID: e|~]-hge*L
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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Agency problems include a manager:
  1. not putting in sufficient effort
  2. wasting money on personal benefits
  3. overinvesting in search of power or prestige
  4. taking too many or too few risks
  5. focusing on short-term results at the expense of long-term results

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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Agency problems include a manager:
  1. not putting in sufficient effort
  2. wasting money on personal benefits
  3. overinvesting in search of power or prestige
  4. taking too many or too few risks
  5. focusing on short-term results at the expense of long-term results
Field-by-field Comparison
Field Before After
Text Agency problems include a manager:<br><ol><li>{{c1:: not putting in sufficient effort}}</li><li>{{c2:: wasting money on personal benefits}}</li><li>{{c3:: overinvesting in search of power or prestige}}</li><li>{{c4:: taking too many or too few risks}}</li><li>{{c5:: focusing on short-term results at the expense of long-term results}}</li></ol>
Tags: ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?

Note 7: ETH::2. Semester::Advanced Finance

Deck: ETH::2. Semester::Advanced Finance
Note Type: Horvath Cloze
GUID: jCa{z0lPT/
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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Managers should ignore  specific risk while evaluating investments as shareholders can diversify this risk away.

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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Managers should ignore  specific risk while evaluating investments as shareholders can diversify this risk away.
Field-by-field Comparison
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Text Managers should ignore&nbsp;{{c1:: specific risk}} while evaluating investments as shareholders can&nbsp;{{c2::diversify this risk away}}.
Tags: ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?

Note 8: ETH::2. Semester::Advanced Finance

Deck: ETH::2. Semester::Advanced Finance
Note Type: Horvath Cloze
GUID: jUK}sO~Ses
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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
NPV stands for Net Present Value and is a method of evaluating the profitability of an investment by calculating the present value of future expected cashflows minus the initial cost of the investment.

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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
NPV stands for Net Present Value and is a method of evaluating the profitability of an investment by calculating the present value of future expected cashflows minus the initial cost of the investment.
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Text NPV stands for {{c1:: Net Present Value}} and is a {{c2:: method of evaluating the profitability of an investment}} by {{c3:: calculating the present value of future expected cashflows minus the initial cost of the investment}}.
Tags: ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?

Note 9: ETH::2. Semester::Advanced Finance

Deck: ETH::2. Semester::Advanced Finance
Note Type: Horvath Cloze
GUID: kr$X2j=OQ2
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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Managers are typically averse to specific risk because  their own livelyhood is closely tied to the firm's performance

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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Managers are typically averse to specific risk because  their own livelyhood is closely tied to the firm's performance
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Text Managers are typically averse to specific risk because&nbsp;{{c1:: their own livelyhood is closely tied to the firm's performance}}
Tags: ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?

Note 10: ETH::2. Semester::Advanced Finance

Deck: ETH::2. Semester::Advanced Finance
Note Type: Horvath Cloze
GUID: rRZQ}T1r<0
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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Errors of ommission are mistakes which can be characterized as failing to take good decisions.

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ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?
Errors of ommission are mistakes which can be characterized as failing to take good decisions.
Field-by-field Comparison
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Text Errors of {{c1:: ommission}} are mistakes which can be characterized as failing to take good decisions.
Tags: ETH::2._Semester::Advanced_Finance::19::1._What_Agency_Problems_Should_You_Watch_Out_For?

Note 11: ETH::2. Semester::PProg

Deck: ETH::2. Semester::PProg
Note Type: Horvath Cloze
GUID: kaCb;PSfJ_
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ETH::2._Semester::PProg::Terminology
A safety property is a property of a system: "nothing bad ever happens". Can be violated in finite time. Exceptions, absence of deadlocks, and mutual exclusion are typical safety properties.

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ETH::2._Semester::PProg::Terminology
A safety property is a property of a system: "nothing bad ever happens". Can be violated in finite time. Exceptions, absence of deadlocks, and mutual exclusion are typical safety properties.

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ETH::2._Semester::PProg::Terminology
A safety property is a property of a system: "nothing bad ever happens". Can be violated in finite time. Exceptions, absence of deadlocks, and mutual exclusion are typical safety properties.

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ETH::2._Semester::PProg::Terminology
A safety property is a property of a system: "nothing bad ever happens". Can be violated in finite time. Exceptions, absence of deadlocks, and mutual exclusion are typical safety properties.
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Text A {{c1::safety property}} is a property of a system: {{c2::"nothing bad ever happens"}}. Can be violated in {{c3::finite time}}. {{c4::Exceptions, absence of deadlocks, and mutual exclusion}} are typical safety properties. A {{c1::safety property}} is a property of a system: {{c2::"nothing bad ever happens"}}. Can be violated in {{c3::finite time}}. {{c4::Exceptions, absence of deadlocks, and mutual exclusion}} are typical {{c1::safety properties}}.
Tags: ETH::2._Semester::PProg::Terminology
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