pp. 621-632 Talmor‚ E (1984) “The determination of corporate optimal capital structure under value maximzation and information asymmetry”‚ Journal of Economics and Business‚ Vol. 36‚ 1‚ pp. 65-75 Theilen‚ B. (2003) “Simultabeous moral hazard and adverse selection with risk averse agents”‚ Economics Letters‚ Vol. 79‚ 2‚ pp. 283-289 Philosophov‚ L. V. & Philosophov‚ V. L. (1999) “Optimization of corporate capital structure: A probabilistic Bayesian approach”‚ International Review of Financial Analysis
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Signaling and risk allocation in merger agreements Antonio J. Macias* Thomas Moeller** Abstract Acquirers and targets allocate interim risk in merger agreements through Material Adverse Change (MAC) clauses and exclusions. While virtually all acquisitions have MAC clauses‚ there is broad cross-sectional variation in the number and type of MAC exclusions. Using comprehensive hand-collected data‚ we find that acquisitions with fewer firm-specific MAC exclusions‚ i.e.‚ stronger abandonment options
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COMPREHENSIVE DELIVERANCE MANUAL The manual is not intended to: 1. Turn your whole ministry into solely a deliverance ministry. We live in a day when many ministers claim that God has called them to preach only a specific part of the gospel. We have been called to preach the WHOLE COUNSEL of God [Acts 20:27]‚ be it Salvation or Sanctification or Baptism of the Holy Ghost‚ Prosperity‚ Faith‚ and Deliverance etc. etc. We must be balanced and be careful of not to overemphasize or
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compensation contracts which reflect compensation to the firm specific risks that managers are facing. This will make sure management to act in line with shareholders’ interest. Beside principal – agent problem‚ low debt equity ratio can also cause high adverse selection cost induced by asymmetric information. Asymmetric information problem: the separation of ownership and control of the firm will lead to asymmetric information problem. Management obviously has more information than shareholders and often
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and printed on products to guide users using it in a safe way‚ like in area with enough ventilation. Along the years of launching‚ Shell also commissioned the University of California on toxicological properties studies‚ which drilled down to adverse effect of vapor after inhaled by live beings. A safety ceiling of DBCP fumes in parts per million set a good standard for safe working environment for manufacturing labor. At this stage‚ under presence of preventive measure to users and workers
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The Adverse Childhood Experiences assessment has helped me start difficult conversations with my clients. This assessment tool is readily accessible online and it is also available in several languages including Spanish. Because some of my clients at Catholic Charities are Latino immigrants‚ I find that it is essential to provide assessments in my clients’ native language. In particular‚ when I work with clients who have a history of trauma. In addition‚ some of the Latino clients that I am currently
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The Principal Agent-Theory as a base for the organization of company innovation process There are many settings in which one economic actor (the principal) delegates authority and/or responsibilities to an agent to act on his behalf. The primary reason for doing so is that the agent has an advantage in terms of expertise or information. This informational advantage‚ or information asymmetry‚ poses a problem for the principal—how can the principal be sure that the agent has in fact acted in her
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AZITHROMYCINE Generic name: Azithromycin Trade (Brand) names: Zithromax • Canadian trade name: Apo-Azithromycin Available forms: • Injection: 500 mg • Powder for oral suspension: 100mg/5 ml‚ 200mg/5ml; 1‚000 mg/Packet • Tablets: 250 mg‚ 500 mg‚ 600 mg Drug classification: • Pharmacoterapeutic: Macrolide • Clinical: Antibiotic Action: Azithromycin prevents bacteria from growing by interfering with their protein synthesis. Azithromycin binds to the
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having provided people throughout the world with many benefits‚ it has caused negative impacts on their countries’ economies as well as serious concerns about their nationalities and identities‚ which globalization gradually erases. The primary adverse effect of globalization is that it destabilizes the foundation of the developing countries’ economies. After cross-border movements of money and goods had become much faster and easier‚ many cheap and well-made products have invaded the markets of
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My Most Valuable Possessions The world today is full of ways to keeps us busy‚ distracted‚ and stressed. We all have to find ways to manage these in our lives‚ often this happens because of special items in our lives that have a special importance to us. Maybe these items are very different from person to person. For me‚ my most valuable possessions are my family and friends‚ my health‚ and my self-confidence. Each one has a unique quality that helps me to manage the distractions and stresses
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