• janm
    requirements of economic rationality.  Decision makers do not fully oversee all possible alternative choices, they do not have full information about each and every alternative and they do not have completely defined preference scheme that helps them produce a clear ordering of alternatives from most ...
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  • Economics
    fundamental questions. When are the characteristics of a market so attractive that entry becomes appealing? When is exit preferable to continued operation? Why do some professions pay well, whereas others offer meager pay? Successful managers make good decisions, and one of their most useful tools is the methodology...
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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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  • 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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  • 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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  • 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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  • Raising Funds and Cost of Capital
    Raising Funds and Cost of Capital 1. What are the three primary roles of financial markets? Explain. Financial markets serve three major functions. • Channel funds. Financial markets help channel funds from suppliers to demanders. Within an economy, some have a surplus of funds while others have...
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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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  • 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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  • 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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  • 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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  • 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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  • 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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  • 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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  • 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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  • mike
    surveying various postulations on offer; second, empirically, by investigating the conception and interpretation of this relationship in the context of a sample of firms operating in Lebanon. Accordingly, the paper seeks to highlight the increasing cross-connects or interfaces between CG and CSR, capitalizing...
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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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  • Behavior Finance Psychology, Decision-Making, and Markets
    NTRODUCTION PART I xxiv xxvi CONVENTIONAL FINANCE, PROSPECT THEORY, AND MARKET EFFICIENCY CHAPTER 1 Foundations of Finance I: Expected Utility Theory CHAPTER 2 Foundations of Finance II: Asset Pricing, Market Efficiency, and Agency Relationships 19 CHAPTER 3 Prospect...
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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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