debt to total capital approaching 70%‚ as opposed to a target ratio of 60%. While some investors welcome HCA’s more aggressive use of leverage‚ others are worried that HCA’s capital structure could decrease the company’s current A bond rating. As a result of increased debt‚ a decline in HCA’s first-quarter earnings per share could occur. The company faces the problem of deciding what should be done to its capital structure and whether reducing the ratio of debt to total capital to match the target
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corporate capital structure Advanced Corporate Finance 4.1 5 + 6 September 2013 Corporate finance: (1) managing the balance sheet Cash + Liquid assets Accounts receivable Inventory Short t Sh t term liabilities li biliti - short term debt - accounts payable Long term liabilities LT assets - fixed - non-fixed - financial Equity 1 8/30/2013 Corporate Finance at different levels + (2) managing the cash flow needs • Long term finance (LT investments‚ capital structure) investments
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whether pecking order or trade-off theory can give better determination on firms’ “optimal” capital structure in different scenarios. In trade-off theory‚ it helps to determine the debt proportion and maintain optimal balance in order to maximise company’s market value. However‚ pecking order theory promotes that companies tend to issue debts when company has internal financial deficit or deviation from target capital leverage. Hence‚ it shows mixed evidences such as Shyman-Sunder and Myers (1999) found
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Shakespeare’s Cultural Capital in Popular Cinema: Chinese Filmic Spinoffs of Hamlet Lingui Yang Year 2006 saw two made-in-China films based on Shakespeare’s Hamlet—Feng Xiaogang’s Madarin Yeyan (The Banquet) and Sherwood Hu’s Tibetan Ximalaya wangzi (The Prince of the Himalayas). For their Shakespearean components‚ the films join their counterparts elsewhere around the globe that interpret‚ appropriate‚ dissemble‚ and reconstruct Shakespeare’s canonical text. To be sure‚ they have in their own
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Theme‚ plot‚ the events and diegesis are imperative to the narrative. They form the structure of a narrative. If one element is off-kilter‚ the entire narrative becomes irrelevant to the audience and the suspense of disbelief is lost. In order to properly understand these elements‚ an in-depth analysis is required. In this essay‚ the narrative elements will be discussed in relation to the term project. Diegesis is defined as “the sphere or world in which these narrated events and other elements
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Google Company Anson Chan Instructor: Institution: Date: Google Company The prime purpose of this paper is to explain at length why the Google Company deserves being considered to be among the most successful and best companies in the world. It aims at explaining ways in which the company has created a roadmap for other Information Technology (IT) companies. The paper further seeks to explore what
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Asian Journal of Finance & Accounting ISSN 1946-052X 2012‚ Vol. 4‚ No. 1 Capital Structure and Firm Performance in the Financial Sector: Evidence from Australia Vedran Skopljak School of Economics and Finance‚ La Trobe University Kingsbury Drive‚ Bundoora‚ Vic 3086‚ Australia Tel: 61-3-9479-1111 E-mail: vedran.skopljak@latrobe.edu.au Robin H. Luo (Corresponding author) Department of Finance‚ Wuhan University Luojia Hill‚ Wuhan 430072‚ China Tel: 86-27-6875-2740 E-mail: robin.h.luo@gmail.com
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Google upholds the position as the dominant search engine in the world‚ with 65 percent of the total search market‚ according to Hitwise. To maintain Google’s competitive advantage‚ the company has developed an infrastructure that guarantees a fast and efficient search engine‚ as well as branching out their efforts in other directions beyond search. Let’s first examine the speed of an average Google search. Any random search takes between 0.06 to 0.12 seconds (Gigaom). Google’s competitive edge
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higher profits. 2. What are the various directions for innovation to take? Can a mature firm in a stagnant industry pursue innovation? How successful is this likely to be? The search for new opportunities can be desirable for any industry or firm. For Google innovative thinking is very
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early search engines in accuracy‚ just as Google did. Google’s original home page was almost as revolutionary as PageRank‚ simply because it was…simple. Not much more than a logo‚ a text field‚ a Search button‚ and and I’m Feeling Lucky one. It was a major part of why Google took off originally‚ and while nearly every major search engine ended up shamlessly copying it‚ I think it’s possible that nobody else would have been daring enough to try it. Once Google had been successful with Web search‚ it
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