The ultimate goal of any financial manager (as well as the firm) is the maximization of shareholders’ wealth. A good financial manager therefore should carefully consider and weigh the risk of undertaking a certain project against the profits associated with undertaking such a project. Capital Budgeting techniques enable the manager to make such decisions. The first question that comes to mind is‚ when making a capital investment decision‚ should we focus on cash flows or accounting profits
Premium Net present value Cash flow
International Research Journal of Finance and Economics ISSN 1450-2887 Issue 20 (2008) © EuroJournals Publishing‚ Inc. 2008 http://www.eurojournals.com/finance.htm The Impact of Dividend Policy on Shareholders’ Wealth R. Azhagaiah Faculty Member‚ Department of Commerce Kanchi Mamunivar Centre for Post Graduate Studies (Autonomous) (Govt. of Puducherry) Affiliated to Pondicherry Central University Puducherry – 605 008‚ South India E-mail: drrazhagaia@ yahoo.co.in Tel: ++91-0413 – 2255017; Fax:
Premium Regression analysis
and Sonny are partners in‚ rather than creditors to‚ Busy Bee as represented by Rose and Mary to Friendly Bank and if they are determined to be partners‚ whether they would be liable for Busy Bee’s debts to Friendly Bank because of the agency relationship between partners in a partnership. Rules In determining whether there is a partnership‚ the essential elements of a partnership must first be satisfied‚ that is: a business is being carried on; the business is carried on ‘in common’; and
Premium Partnership Debt Corporation
The Federal Emergency Management Agency‚ or FEMA‚ was created to solve a dire need in America. Disasters‚ unfortunately‚ happen all the time‚ and we as a country need to be prepared to handle them and have a system in place to provide relief after the fact. Throughout the 1960s and 70s‚ a series of disasters struck the nation and those in charge realized that America was poorly suited to help. In 1964‚ the second most powerful earthquake ever recorded hit Alaska‚ killing 139 (Taylor). The Midwest
Premium Emergency management United States Department of Homeland Security Emergency service
journal is available at www.emeraldinsight.com/1755-4179.htm Shareholder and stakeholder theory: after the financial crisis Terence Tse ESCP Europe‚ London‚ UK Abstract Purpose – The recent financial crisis has restarted the debate of the value of both shareholder and stakeholder theories. This paper aims to continue this discussion. Design/methodology/approach – The paper reviews existing literature and examines the benefits and problems associated with these frameworks through the lens of the recent
Premium Stakeholder theory Stakeholder
AGENCY THEORY AND ACCOUNTING CHOICE: ISSUES AND HALLENGES BY OMEJI IKECHUKWU MAT NO MGS0803060 DEPARTMENT OF ACCOUNTING FACULTY OF MANAGEMENT SCIENCES UNIVERSITY OF BENIN‚ BENIN-CITY‚ EDO STATE‚ NIGERIA. OCTOBER‚ 2012. AGENCY THEORY AND ACCOUNTING CHOICE: ISSUES AND HALLENGES BY OMEJI IKECHUKWU MAT NO MGS0803060 DEPARTMENT OF ACCOUNTING FACULTY OF MANAGEMENT
Premium Principal-agent problem
ABSTRACT This assignment asserts that problem identification and problem solving processes can be integrated into work processes by imbedding tests that evaluate system-performance. These tests are imbedded in individual work activities‚ in the connections that link those who provide a product‚ service‚ or information with those who receive it‚ and in the overall construction of pathways over which products‚ services‚ and information take their final form. These immediate tests are possible
Premium Toyota Production System Lean manufacturing Manufacturing
1.0 Introduction At its simplest‚ ethics is a system of moral principles. They affect how people make decisions and lead their lives. Ethics is concerned with what is good for individuals and society and is also described as moral philosophy. The term is derived from the Greek word ethos which can mean custom‚ habit‚ character or disposition. Ethics covers the following dilemmas: how to live a good life our rights and responsibilities the language of right and wrong moral decisions - what is good
Premium Ethics
than to maximize their own profit. This view is called “Shareholder Theory”. Friedman argued that a company should have no social responsibility to the public or society because it’s only concern is to increase profits for itself and for its shareholders. He states that‚ when companies concern themselves with the community rather than focusing on profits‚ it leads to totalitarianism. In this traditional view of the firm‚ the shareholders or stockholders are the owners of the company‚ and the firm
Premium Corporate social responsibility Business ethics Ethics
Shareholder Value Added Definition Shareholder Value Added is a measurement to see if it is worth the expense for an investor to buy stock in a company where Shareholder Value Added integrates financial statement of the business into one significant evaluation. It is also represent the economic profits generated by a business and beyond the minimum return required by all providers of investment. While‚ value is added when the overall net income cash flow of the business exceeds the economic cost
Premium Strategic management