NBER WORKING PAPER SERIES THE CAPITAL STRUCTURE DECISIONS OF NEW FIRMS Alicia M. Robb David T. Robinson Working Paper 16272 http://www.nber.org/papers/w16272 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 August 2010 The authors are grateful to the Kauffman Foundation for generous financial support. Malcolm Baker‚ Thomas Hellmann‚ Antoinette Schoar‚ Ivo Welch‚ and seminar participants at the Kauffman/Cleveland Federal Reserve Bank Entrepreneurial Finance
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knowledge of an atom’s appearance and structure have evolved from years and years of development and contribution from many different scientists. Scientist Ernest Rutherford had been the best contributor to the understanding of the atomic structure. Why Rutherford was chosen is because his work had information on protons‚ neutrons‚ and electrons‚ the main components that make up the atom‚ showed what the atom looks like when the three are put together‚ and had also been the discoverer of the nucleus which
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accessibility to televisions on the internet increases‚ many device makers are entering into the market for over-the-top video streaming devices that are able to beam internet video to the current big TV screens being used today (Mathieson 2010). Even after struggling to use various marketing strategies in order to attain large market share‚ Chromecast seems to be used less and less in home entertainment. The reason for this is probably the emergence of competing organizations that are making some of Google’s
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The overall reason as to why India was imperialised was because of the British raj‚ and then later by the British government. Their goal was to “remake India on a British model through administrative and social reform‚ economic development‚ and the introduction of new technology” (India Under British Rule). By utilizing the subcontinents’ materials‚ territory‚ and people‚ the British regime were able to exploit local traditions and rulers and instituted a colonial government that conferred benefits
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different types of market entry strategies that may be implemented by a foreign firm in an emerging country. Amongst the most popular are: 1. Portfolio Investment; 2. Export 3. Franchising 4. Licensing 5. Shared Equity/ Joint Venture The initial market entry strategy implemented by Hyundai Korea was a joint-venture. However‚ after liquidation (1999)‚ the new entry strategy for re-establishment was franchising. The aim of this paper is to show how Hyundai can reposition its operational strategy utilising
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1939 the St.Louis was refused entrance to Havana after a 14 day long journey. It had left its port two weeks earlier in Hamburg on the 13 of May. It was carrying 937 passengers(Holocaust memorial). Most of the passengers were Jewish German citizens but there was also some Europeans‚ Spanish and Cubans aboard the ship(Historica Canada). Most of these were refugees searching for a new home where they would be safe from Hitler. Once the ship was refused entrance to Havana Its captain was forced to ask Canadian
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Is Wal-Mart Good for America? I feel Wal-Mart is not only good for America‚ it is great. Wal-Mart is the place to shop for all your needs over a wide variety of items. Besides the huge variety‚ Wal-Mart offers their products at everyday low prices. Wal-Mart is a haven for families who struggle to make ends meet‚ by giving them affordable deals they cannot find anywhere else. So then why does Wal-Mart receive such bad criticism? Because of after decades of doings things a certain way‚ Wal-Mart
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slavery Have you ever wonder why there was slavery? Slavery started when the first group of african american came to america in 1619 in virginia jamestown. slavery started when it was a practice in the 17th and 18th colonies centries. african american helped build the economic foundations. In 1793 an invention called the cotton gin it central importance of slavery in the south. In the mid-19th there was a movement in slavery and it tear the nation apart and started american civil war from
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Zachary was upset when he discovered that his favorite animal‚ a Siberian Tiger‚ went extinct in the wild. He was alerted by his local zoo that they would be releasing the Siberian Tigers they bred and studied back into the wild. Zachary was filled with joy‚ but was surprised he never knew about the zoo’s program before. Zoos have an important role in animals lives. Zoos are a platform for research. This is shown in “Zoos Are Not Prisons. They Improve the Lives of Animals.” when it’s reported
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Why was the Tsar overthrown in February 1917? Was it the work of revolutionaries like Lenin and Trotsky? Certainly not - they were mostly either in prison or in exile. Lenin had said in 1916 that he feared he would not live to see a revolution in Russia! Was it the War? The war certainly had a serious impact on all aspects of Russian society. Defeats undermined the army‚ and economic problems alienated much of the population. Lack of food and fuel in the cruel winter of 1916-1917 certainly
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