The Bird-In-The-Hand Theory The essence of the bird-in-the-hand theory of dividend policy (advanced by John Litner in 1962 and Myron Gordon in 1963) is that shareholders are risk-averse and prefer to receive dividend payments rather than future capital gains. Shareholders consider dividend payments to be more certain that future capital gains – thus a “bird in the hand is worth more than two in the bush”. Gorden contended that the payment of current dividends “resolves
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References: Characteristics of Ethical Dilemmas‚ (2012). Retrieved on October 14‚ 2012‚ from www.nln.org/ce/mcgovern/tslg015.htm Doherty‚ R.‚ Purtilo‚ R. (2011). Ethical dimensions in the health professions. (5th ed.) (57-58). St. Louis:Mosby. http://www11.georgetown.edu/research/nrcbl/pcbe/bookshelf/reader/chapter3
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Like most poker games‚ the aim of Caribbean Stud Poker is to land the highest hand. Caribbean Stud Poker is a basic 5-card poker game where you play against the dealer and no other players. The advantage here is that you don’t have to figure out everyone else’s strategy and simply focus on the dealer’s hand. But this doesn’t mean that this game doesn’t offer a thrilling and challenging experience. How to play Caribbean Stud Poker At the start of the game‚ the player places a bet. The cards are
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Prisoners Dilemma Introduction The topic of my thesis‚ I chose the issue of non-cooperative economic games‚ specifically the so-called "Prisoner’s Dilemma". Game theory falls in microeconomics and therefore mainly in the economic analysis. It gives us an analysis of the way in which two or more entities interact‚ choose strategies that simultaneously influence each actor. The greatest credit for the development of economic games have mathematician John von Neumann. Game theory can be used both
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falls for a "lady" and continually tries to impress her to win her favor She honors him with her "token of affection". The other knights and lords believe he is well-born‚ but his lie gets more and more complicated and difficult to maintain. His dilemma is that the King wants to send his army to fight against a lord in the country. He is chosen to go along and fight with the King’s knights‚ but it turns out that the lord he is fighting is actually the lord from his area‚ and his father and brothers
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1. What is a moral dilemma? A genuine dilemma is one type of moral problem‚ captured by the expression “You’re damned if you do‚ damned if you don’t.” That is‚ in a dilemma‚ there appears to be no right answer or solution (Dreisbach‚ 2008). Moral dilemmas‚ at the very least‚ involve conflicts between moral requirements (McConnell‚ 2010). 3. The four questions that must be asked to establish if a Dirty Harry Problem exists are: Did the agent know the situation and the choices that it offers
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When Somebody Else’s Right-versus-Wrong Decision puts you in a Right-versus-Right Dilemma Robin L Heath John Brown University To steal‚ one takes property that does not belong to them‚ without permission‚ particularly when the property is taken secretly or by force (steal‚ n.d.). By placing the items in her backpack‚ and removing the items from the facility without authorization‚ Toni’s actions undoubtedly fit the definition of stealing. This is obvious unethical behavior‚ and
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Begins to Take Corporate Social Responsibility Seriously: CSR and Social Harmony in the PRC©1 Edward F. Ahnert2 Abstract: This essay describes the evolution of Corporate Social Responsibility in the Peoples Republic of China. It links that evolution to the major shifts in Chinese economic policy and in particular to the call for a harmonious society since 2002. It describes how since 2008 the government of China has become the major promoter of CSR not only to achieve a harmonious society but also to
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Marrin Maher February 14‚ 2014 Ethical Dilemmas Regarding Same Sex Marriages Whether at home‚ at work‚ or at school‚ every day we are faced with making moral and ethical decisions. Depending on your occupation and or authority‚ some decisions could have a profound impact on society‚ individuals or groups. There are many controversial topics facing politicians and society as a whole and one hot topic is same-sex marriage. Throughout history‚ homosexuality has been considered taboo
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there is a way to evade the consequences. But screw your courage to the sticking-place‚ And we’ll not fail. —Lady Macbeth challenges Macbeth to commit to the plan to murder King Duncan. Is this a dagger which I see before me‚ The handle toward my hand? —On his way to murder King Duncan‚ Macbeth sees the vision of the bloody dagger leading the way. Had he not resembled My father as he slept‚ I had done’t. —Lady Macbeth‚ worried that Macbeth will fail to murder King Duncan‚ reveals a weakness
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