Capital Structure Decisions: Which Factors are Reliably Important? Murray Z. Frank1 and Vidhan K. Goyal2 First draft: March 14‚ 2003. Current draft: December 20‚ 2003. ABSTRACT This paper examines the relative importance of 38 factors in the leverage decisions of publicly traded U.S. firms from 1950 to 2000. The most reliable factors are median industry leverage (+ effect on leverage)‚ market-to-book ratio (-)‚ collateral (+)‚ bankruptcy risk as measured by Altman’s Z-Score (-)‚ dividend-paying
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Corporate culture is the collective behaviour of people using common corporate vision‚ goals‚ shared values‚ beliefs‚ habits‚ working language‚ systems‚ and symbols. It is interwoven with processes‚ technologies‚ learning and significant events. In addition‚ different individuals bring to the workplace their own uniqueness‚ knowledge‚ and ethnic culture. So corporate culture encompasses moral‚ social‚ and behavioral norms of your organization based on the values‚ beliefs‚ attitudes‚ and priorities
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Alex Brown Dr. Sobatka POP 1 Section 3 31 August 2013 What Makes Me‚ Me A little over twenty years ago‚ my grandparents decided to move out to a little town called Huntsburg. They bought twenty-eight acres of field that had a farm house on the far end off of a dirt street called Stillwell Road and thus the “Martin Complex” was born. They have four boys‚ my dad and his three brothers‚ who all currently have houses on the property. My house consists of my parents‚ Bill and Lisa‚ my sisters‚ Katie
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Monkey Do” and “You Are What You Eat” came from? Although they may sound funny‚ there is truth in both of these statements. When children watch TV‚ do they pay attention to how each gender is being illustrated? Growing up‚ children watched Batman and Scooby-Doo. Children imitated what they saw on TV. Little boys tied bath towels around their necks trying to save helpless girls‚ and little girls played with dresses and makeup like Daphne. These shows start the grooming process to what is acceptable
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What is the centroid method? Would this be an appropriate method for your organization to rely on? The Centroid method is a technique for locating single facilities that considers the existing facilities‚ the distances between them‚ and the volumes of goods to be shipped. My organization does not ship goods to other facilities‚ but we use the centroid method to determine the distance between other city agencies that will enable us to provide our services. City agencies need to be able to pick
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subfields of anthropology seem quite diverse in their specific subjects and methods. Why‚ then‚ are they all considered parts of the single discipline of anthropology? What ties them together? Anthropology is divided up into four sub-fields of study (Park‚ 2014). The four sub-fields are biological anthropology‚ cultural anthropology‚ linguistic anthropology‚ and archaeology (Park‚ 2014). Together‚ all four sub-fields make up the discipline of anthropology. Each sub-field studies humans and their evolution
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What is the Winkler Method? The Winkler Method is a technique used to measure dissolved oxygen in freshwater systems. Dissolved oxygen is used as an indicator of the health of a water body‚ where higher dissolved oxygen concentrations are correlated with high productivity and little pollution. This test is performed on-site‚ as delays between sample collection and testing may result in an alteration in oxygen content. How does the Winkler Method Work? The Winkler Method uses titration to determine
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Invention of the Car - Technology - 1920 In the 1920’s‚ the Henry Ford automobile became popular with the average family. It changed the lives of Americans and everyone that wanted a better form of transportation. The most appealing part of this automobile was the affordability for the average family. In the next few years‚ most families had a car or were getting ready to buy one. Ford cars became more and more popular. They were creating a group of cars made for mass production and selling. The
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Some form of organizational culture and structure exist in every organization. Successful organizations are often credited with having an appropriate organizational culture and/or structure in place that allows them to reach success. Many companies can believe that they have the needed structure in place to assure success; yet they fail where others succeed. Some work very well‚ and some just do not work at all. For any organizational culture and structure to function properly‚ it seems as though
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29 September 2013 What are the Unique Traits of Athenian Democracy? There are several traits that make Athenian democracy unique not only in the ancient world but also in the modern world as well. For the first time in recorded history‚ citizens had a say in what laws were to govern them . Democracy was an unknown and alien concept in the ancient world‚ and Athenians knew that their political process was different in and they were intensely proud of it. “Our form of government does not enter
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