Connections and Information Acquisition in Capital Allocation Mariassunta Giannetti Xiaoyun Yu Stockholm School of Economics‚ Kelley School of Business CEPR and ECGI Indiana University mariassunta.giannetti@hhs.se xiyu@indiana.edu August 2010 This paper was previously circulated under the title “Favoritism or Markets in Capital Allocation?” We thank Franklin Allen‚ Utpal Bhattacharya‚ Philip Bond‚ Brian Bucks‚ Chun Chang‚ Todd Gormley‚ Denis Gromb‚ Dalida Kadyrzhanova
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CHAPTER 16 COST ALLOCATION: JOINT PRODUCTS AND BYPRODUCTS 16-1 Exhibit 16-1 presents many examples of joint products from four different general industries. These include: Industry Separable Products at the Splitoff Point Food Processing: • Lamb • Lamb cuts‚ tripe‚ hides‚ bones‚ fat • Turkey • Breasts‚ wings‚ thighs‚ poultry meal Extractive: • Petroleum • Crude oil‚ natural gas 16-2 A joint cost is a cost of a production process that yields multiple products simultaneously. A separable
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NO. 4 • AUGUST 2002 A Review of IPO Activity‚ Pricing‚ and Allocations JAY R. RITTER and IVO WELCH* ABSTRACT We review the theory and evidence on IPO activity: why firms go public‚ why they reward first-day investors with considerable underpricing‚ and how IPOs perform in the long run. Our perspective is threefold: First‚ we believe that many IPO phenomena are not stationary. Second‚ we believe research into share allocation issues is the most promising area of research in IPOs at the moment
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big parking lot can be very challenging and effortful. Even when an indication is provided that a small percentage of slots is still available in the enormous car parks‚ most drivers do not seem to be able to locate those slots. Car Parking Slot Allocation System is a system that automates the searching and guides drivers on which location is their chosen slot located in the parking area. The system is designed to prevent problems usually associated with parking cars in a certain parking lot. How
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1. What is the competitive environment facing EDC? In terms of the competitive environment facing EDC‚ Ann realizes that not only is the number of competitors increasing‚ but the nature of the demand for bicycles is changing as well. The U.S. mass market bicycle sales is expected to grow by only 2% a year‚ while the Asian market for those same bikes is nearly doubling on a yearly basis. This growth scenario is likely to lead to thinner margins and a lower ROI in the
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. Description: Modern operating systems‚ by permitting more than one data processing task to be performed concurrently‚ make possible more efficient use of system resources. If a program that is being executed to accomplish a task must be delayed‚ for example‚ until more data is read into the computer‚ performance of some other completely independent task can proceed. The central processing unit can execute another program or even execute the same program to accomplish a different task. In the
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MANAGERIAL ROLE: 1. INTERPERSONAL ROLES (i). Figurehead role- In this role a manager performs symbolic duties required by the status of his office. Making speeches‚ bestowing honors‚ welcoming official visitors‚ distributing gifts to retiring employees are examples of such ceremonial duties (ii). Leader- This role defines the manager’s relationship with his own subordinates. The manager sets an example :legitimizes the power of subordinates and brings their needs in accord with those of his
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Equality and Diversity Key readings *Noon‚ M. (2010) ‘Managing equality and diversity’‚ in Beardwell‚ J. and Claydon T. (2010) Human Resource Management: A Contemporary Approach. Ch. 6. *Dickens‚ L. (1999) ‘Beyond the business case: A three pronged approach to equality action’‚ Human Resource Management Journal‚ 9 (1): 9-19. Further reading Cassell‚ C. (2006) ‘Managing diversity’‚ in T. Redman and A. Wilkinson (Eds) Contemporary Human Resource Management. Second Edition. Dean‚ D. and Liff‚
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BTEC Higher National Diploma HND Business Unit # 01 Learner’s Name Learner’s ID Edexcel Registration No: Unit Title Business Environment Assignment Reference HND U1‚ LO 1‚ 2 Activity Presentation Activity Title Understand to draw up the constitution of a company and about shareholders‚ directors‚ charges and insolvency Date of Hand in Date of Submission Assessor Malik Abdul Naveed Internal Verifier for the Unit Mir Wajid Ali
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Most large successful companies lose the ability to enter small emerging markets because it brings additional risk to the corporation and might have stronger risk management policies. Other risks such as contractual risk‚ reputation risk‚ banking and currency risk‚ sustainability concerns are reasons why most companies fail to respond nimbly to changing market circumstances and challenges. Companies can address these issues by establishing proper risk management process‚ scenario development
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