Introduction In many recent studies‚ it has a growing concern whether pecking order or trade-off theory can give better determination on firms’ “optimal” capital structure in different scenarios. In trade-off theory‚ it helps to determine the debt proportion and maintain optimal balance in order to maximise company’s market value. However‚ pecking order theory promotes that companies tend to issue debts when company has internal financial deficit or deviation from target capital leverage. Hence
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Experiment No. 1 ON – OFF CONTROL INTERPRETATION OF RESULTS In today’s modern world‚ automation is one of the things that bring about ease and comfort in our lifestyle – from the temperature of our room to the flushing of the toilet. Automation of these things is run by control systems. A control system is a device or set of devices to manage‚ command‚ direct or regulate the behavior of other devices or systems. Many industrial control systems have approximately first order dynamics and
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简介 Face/Off is a 1997 action film directed by John Woo‚ starring John Travolta and Nicolas Cage. The two both play an FBI agent and a terrorist‚ sworn enemies who assume the physical appearance of one another. 内容 The film exemplifies gun fu and heroic bloodshed action sequences‚ and has Travolta and Cage each playing two personalities. It was the first Hollywood film in which Woo was given complete creative control and was acclaimed by both audiences and critics. Eventually grossing $245 million
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The short story by Ailing “Sealed Off” has various levels and interpretations of the title. The first being the war background and what happened throughout the city. Shanghai grew quiet every time an air raid attack happened when the Japanese frequently bombed them during the Second Sino-Japanese War. When these air raid attacks happened the city would seal off temporarily. The tramcars would halt and seal off as well‚ and whoever was in the tramcars would be stuck inside until the raids were over
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The Society for Financial Studies Testing Trade-Off and Pecking Order Predictions about Dividends and Debt Author(s): Eugene F. Fama and Kenneth R. French Reviewed work(s): Source: The Review of Financial Studies‚ Vol. 15‚ No. 1 (Spring‚ 2002)‚ pp. 1-33 Published by: Oxford University Press. Sponsor: The Society for Financial Studies. Stable URL: http://www.jstor.org/stable/2696797 . Accessed: 16/02/2012 01:28 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of
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For many U.S. government decision makers at the time of the crisis most have agreed that Cuba was just a locale for a U.S.- Soviet confrontation. Ex U.S. Ambassador to Cuba (1959-60) Philip W. Bonsal declares that the Missile Crisis cannot truly be classified under Cuban American relation since “the issue was entirely one between the United States and the Soviet Union.”25 He states that although the confrontation could have eliminated Castro‚ “the exercise had little to do with himOn the
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recovering from the global economic crisis. A crisis that “layoff” employees of the different company. Mostly affected is the United States of America. Lay-Off means - When a company eliminates jobs regardless of how good the employees’ performance. This is usually because the company is facing financial difficulties. (1)This case study starts off with Morris Meyers who is the CFO and Lisa Warren who is the head of legal. They both realize that if Astrigo is to remain competitive‚ 10% of its workforce
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Biology 1110 February 23‚ 2010 Research Assignment Where Have All the Bees Gone? Morgan E. Peck Discover Magazine 2009 Summary Each year since 2006‚ bees have gradually been disappearing from their hives or dying off. Bees have died off before in the past. This is called colony collapse disorder or CCD. In the past CCD was cause by mites or infections‚ but now this is caused because of the commercial agricultural farmers. Bees play a key part in pollination. When the crops
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Kevin Chisaki LA 280 OL1 – Feature Story Final Draft July 30‚ 2013 Off the Grid Clocks never seem to move faster when I stare at them. Everyday this summer has felt like clockwork. I wake up‚ go to work for eight hours‚ go back home‚ do homework‚ go to sleep and the cycle restarts. Today‚ however‚ is different. July 24th‚ 2013 is the day my old high school friends and I decided to hang out together and catch up on things. Every summer we decide on one day to go out and do something together
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Throughout history different regions have been able to trade with other areas across the continents. Many factors helped facilitate this trade. Among these factors were the laws of supply and demand‚ the presence of middlemen‚ and common religions. Under the influence of these factors‚ silk‚ jade‚ dye‚ horses‚ and many other goods were traded throughout Asia‚ Africa‚ and Europe. Not only did these factors increase trade‚ but it also helped spread ideas and culture across the world. This cultural
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