• Ethics
    Chapter 1, Introducing Business Ethichs What is business ethics? Business Ethics (BE) has been called an oxymoron. By an oxymoron, we mean the bringing together of two apparently contradictory concepts. The statement also suggests that there are not, or cannot be, ethics in business. However, there...
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  • Young Manager Entry
    [Research Paper for Young Managers category] BRAND IMAGE OF A COMPANY AND ITS IMPACT ON MARKET CAPITALIZATION - An Analysis of how the qualitative relates and impacts the quantitative Author Details: ...
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  • Financial Bubbles
    discusses the two most important theoretical models on corporate governance and how they influenced the economic and financial crisis that began in 2008. The core corporate governance such as badly governed remuneration systems and short-term shareholder interest are the most important issues that the...
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  • Determine the Capital Structure of Energy Sector of Pakistan from 2004 to 2009
    System……………………………………………… 45 4.7 Depended variables …………………………………………………… 45 4.8 Independent Variables ……………………………………………….. 46 4.9 The regression Model ……………………………………………….. 47 4.10 Reliability ………………………………………………………………. 48 4.11 Limitations ……………………………………………………………… 48 CHAPTER...
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  • Intermidiate Macro
    no sacrifices there are no costs. The opportunity costs are measured by sacrifices made in the decision. This can be very well understood by the following examples. The opportunity costs of funds employed in one's own business is the interest that could be earned on those funds had they been employed...
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  • Business Finance Tutorial 1
    ABMF3174 BUSINESS FINANCIAL TUTORIAL 1 1. If you bought a share of stock, what would you expect to receive, when would you expect to receive it, and would you be certain that your expectations would be met? A: When you purchase a stock, you expect to receive dividends plus capital gains. Not all...
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  • Corporate Governance
    corporate governance is that the shareholders elect the board of directors who in turn select top management. The K. John, L.W. Senbet / Journal of Banking & Finance 22 (1998) 371±403 373 common practice, however, is for the board to be elected by the shareholders from the slate approved by the...
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  • In Search for a New Foundation
    underlying theory of the firm. I also argue that although the existing theories have delivered very important and useful insights, they seem to be quite ineffective in helping us cope with the new type of firms that is emerging. I outline the characteristics that a new theory of the firm should satisfy and...
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  • New Evidence and Perspective of Merger
    example, a profusion of event studies has demonstrated that mergers seem to create shareholder value, with most of the gains accruing to the target company. This paper will provide further evidence on these questions, updating our database of facts for the 1990s. But on the issue of why mergers occur, research...
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  • Intermediate Financial Management Ch 1 Solutions
    QUESTIONS 1-1 The primary goal is assumed to be shareholder wealth maximization, which translates to stock price maximization. That, in turn, means maximizing the PV of future free cash flows. Maximizing shareholder wealth requires that the firm produce things that customers want, and at the...
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  • Agency theory
    between the shareholder primacy inherent in agency theory and risktaking as well as the critique of the model of man in agency theory, two intertwined research questions are investigated, Did the agency theoretical prescriptions of corporate governance and directors’ financial literacy impact the risk...
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  • Managerial Economics
    to answer are: What determines whether an aspiring business firm should enter a particular industry or simply start producing a new product or service? Should a firm continue to be in business in an industry in which it is currently engaged or cut its losses and exit the industry? Why do some professions...
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  • Mba Thesis
    School of Management Bleking Institute of Technology INVESTIGATING SHAREHOLDERS’ ECONOMIC CREATION IN THE BANKING INDUSTRY: - VALUE The case of the HSBC and Barclays plc, UK MBA Thesis by: Isaac Tettey ID: 760831-P499 Isaac Takyi Baffoe ID: 770627-P173 Supervisor: Professor Ian Robson ...
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  • Shareholder Value
    The purpose of the corporation: Shareholder-value maximization? Finance Working Paper N°. 95/2005 Revised version: February 2006 Petra Joerg Institut für Finanzmanagement, Universität Bern Claudio Loderer Institut für Finanzmanagement, Universität Bern Lukas Roth The Pennsylvania State...
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  • Mb 045
    Note: Each question carries 10 marks. Answer all the questions. Q.1 What are the 4 finance decisions taken by a finance manager. Q.2 What are the factors that affect the financial plan of a company? Q.3 Show the relationship between required rate of return and coupon rate on the value of...
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  • Rencent
    Abstract I develop a corporate governance framework, provide a broad overview of recent corporate governance research, and place each of the Special Issue papers within the context of this framework. The papers in the issue contribute to our understanding of a wide range of governance topics including: the...
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  • Principles of Managerial Finances 13th
    Gitman/Zutter Principles of Managerial Finance— Brief Edition* Goldsmith Consumer Economics: Issues and Behaviors Haugen The Inefficient Stock Market: What Pays Off and Why Haugen The New Finance: Overreaction, Complexity, and Uniqueness Holden Excel Modeling and Estimation in Corporate Finance Holden Excel Modeling...
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  • Ethical Identity
    6249608 CORPORATE ETHICAL IDENTITY AS DETERMINANT OF FIRM PERFORMANCE: A TEST OF THE MEDIATING ROLE OF STAKEHOLDER SATISFACTION Pascual Berrone *1, Jordi Surroca2 and Josep A. Tribó3 Abstract In this article, we empirically assess the impact of the Corporate Ethical Identity (CEI) on the firm’s...
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  • Hedging
    Does Hedging Increase Firm Value? Evidence from the Gold Mining Industry YANBO JIN* and PHILIPPE JORION** This version: July 2007 * Corresponding author, Department of Finance, Real Estate and Insurance, California State University, Northridge ** Paul Merage School of Business, University of...
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  • Corprate Governace
    is that all investors have certain reasonable expectations about what corporate managers should and should not do with their power over the corporations. These I will call investors’ legitimate investment-backed expectations. Shareholders’ expectations are derived from a variety of sources. They come mostly...
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