WHY DO FIRMS GO PUBLIC? Forthcoming in the Oxford Handbook of Entrepreneurial Finance James C. Brau‚ PhD‚ CFA Professor of Finance Editor‚ Journal of Entrepreneurial Finance July 1‚ 2010 Department of Finance Marriott School Brigham Young University 640 Tanner Building Provo‚ Utah 84602 Phone: 801.318.7919 Fax: 801.422.0741 Electronic copy available at: http://ssrn.com/abstract=1649008 WHY DO FIRMS GO PUBLIC? Six months after he founded Netscape‚ Clark agitated for the company
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Why Do Some Firms Become Global? 1. Introduction More and more companies all over the world have joined the army of firms that are running globally. Reasons of companies becoming increasingly international can vary‚while the ultimate goal of going global turns out to be growth and expansion of the company. No matter whether a firm employs staff from international labour market or looks for exploration of new markets overseas‚ corresponding strategies can contribute a great deal to diversification
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Why Do Suicide Bombers Exist? Suicide bombing is believed to be one of the ultimate acts of terrorism. It is horrific in its results‚ and the act of bombing itself does not choose who it kills. It kills all‚ adults‚ man and woman‚ children‚ and the saddest thing is that it kills the innocent. The propagation of suicide bombing nowadays has been increasing‚ especially in the Arab world where it seems that peace will not reign there for years or so. That area of the world has been a battleground
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Some people say that Utopias can’t exist‚ but I believe that they can. Therefore‚ I disagree with the people that say that Utopias can’t exist because the Amish accomplished it. The Amish have a working good Utopia that many people live in. One of the main reasons Utopian societies exist is to make people happy in their lives. Many people move into Utopian Societies to have freedom. “The Amish faith forbids violence and active and military service.” (The Amish Lifestyle; paragraph #2) The Amish
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Four-Firm Concentration Ratio Definition of the Four- Firm Concentration Ratio This is one of the most common concentration ratios. The four-firm concentration ratio is commonly used to indicate the degree to which an industry is oligopolistic and the extent of market control held by the four largest firms in the industry. How would you describe an industry with 20 firms and the CR is 20% and its implications?
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racial superiority stem from colonisation and socially constructed ideas that help to garner power for a certain demographic. Though the means of controlling people of colour might have changed‚ there are many ways in which this oppression still exists. The below essay will discuss the many ways in which racial identity is explored‚ oppressed and investigated in a South African context. Throughout the world‚ the one demographic that never experiences any racial threat is that of white people.
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scientifically illiterate people from the ranks of teachers.” (deGrasse Tyson) Science is based on observations of the natural world‚ not on the supernatural occurrences that Intelligent Design followers believe. Evolution has been studied and proven by many different sciences including geology‚ paleontology‚ genetics‚ and biology. Scientists in these fields have studied and proven the existence of evolution and its effects on living organisms. Intelligent Design
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regardless of how much "proof" exists about that one particular subject. Everything that we believe in takes some degree of faith in order to believe it. Whether it be Christianity‚ Atheism‚ Satanism‚ Wicca‚ Judaism etc. Yes‚ there are plausible arguments for everything but to come to absolute certainty about any one thing is virtually impossible. In other words nothing in this world is provable. Absolutely positively without a doubt concrete rock solid evidence does not exist‚ there fore any one aspect
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My utopia does not exist in a perfect world; the reason for this is that I believe there is no such thing as a perfect world. There are balanced worlds‚ and worlds that exist in harmony‚ but never a perfect world. So in my utopia‚ my world‚ things are different from today’s world but it is nowhere near perfect. My utopia takes place on an isle not far from the Bahaman Islands. The citizens are jubilant and content with their beautiful paradise. The tropical island houses less than 100 people who
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replaced by firm-specific advantages‚ which lead to FDI. When transportation costs are added to production costs‚ it becomes unprofitable to ship some products over a large distance. This is particularly true of products that have a low value-to-weight ratio and can be produced in almost any location (e.g.‚ cement‚ soft drinks‚ etc.). For such products‚ relative to either FDI or licensing‚ the attractiveness of exporting decreases. For example the differential rate of return hypothesis suggests FDI is
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