Journal of International Money and Finance 30 (2011) 678–691 Contents lists available at ScienceDirect Journal of International Money and Finance journal homepage: www.elsevier.com/locate/jimf The impact of the financial system’s structure on firms’ financial constraints Christopher F. Baum a‚ b‚ *‚ Dorothea Schäfer b‚ c‚ Oleksandr Talavera d a Department of Economics‚ Boston College‚ Chestnut Hill‚ MA 02467‚ USA DIW Berlin‚ Mohrenstraße 58‚ 10117 Berlin‚ Germany Jönköping International Business
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Corp‚ China Aerospace‚ China Shipping and Zhong Rong Group‚ Sources say these cornerstone investors have covered in total about 17.5 per cent of the overall US$2 billion IPO. Meanwhile‚ Galaxy Securities‚ the mainland’s seventh largest brokerage firm by assets‚ may raise as much as US$1.57 billion through a mixed of new and old shares. The old shares represents about US$50 to US$68 million worth shares. The shares are priced at a range between HK$4.99 and HK$6.77‚ translating into a price to book
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THE RELATIONSHIP BETWEEN EXECUTIVE COMPENSATION AND FIRM PERFORMANCE IN KENYAN BANKING INDUSTRY Dr. Josiah Aduda‚ jaduda@uonbi.ac.ke‚ Lecturer and chairman‚ department of Finance and Accounting‚ School of Business‚ University of Nairobi‚ Kenya and Leonard Musyoka‚ University of Nairobi Abstract Economic theory of executive pay has focused on the design of optimal compensation schemes to align the interests of hired managers and shareholders. Agency theory has identified several
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Andersen: Shredding the Reputation and Viability of a Once Venerable Accounting Firm |CASE SUMMARY | Four days before the high-flying‚ energy-trading giant‚ Enron‚ disclosed a $618 million loss for the third quarter of 2001‚ an attorney for Arthur Andersen‚ the accounting firm that audited Enron’s books‚ wrote a memo to Andersen employees directing them to
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Contemporary Issues in Business Topic 4: The importance or otherwise understanding cultural issues for business firms operating internationally. Contents Introduction 3 Why firms want to do business internationally? 3 1. Main problems of doing business internationally 4 1.1. What is culture? 5 1.2. Which factor had company look at when it arrives to another county? 5 1.2.1 The employees are doing business internationally 6 1.2.2. The company is developing its
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Evaluate each of the following approaches that a business firm could use to gather information about competition. For each approach‚ mark your feeling about its appropriateness using the following scale: 1. definitely not appropriate‚ 2. probably not appropriate‚ 3. undecided‚ 4. probably appropriate‚ and 5. definitely appropriate The business firm should try to get useful information about competitors by: __5___ Careful study of trade journals Studying the competitors is the correct way that
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*Faize Nabi ** Saif Azam ***Azmat Ali Khan Abstract The research paper aims to explore the associations between and among Unit’s profit-making‚ GreenEx Performance and CSR Index with the use of Spearman’s Rank Correlation Method. The data of the Units has been adopted from the Forbes’ India’s Top 100 Units. A CSR Index has been generated on the basis of ratio of Unit’s actual CSR spend and stipulated 2% of Avg. PAT (as per CSR Clause no. 135 in the proposed Companies Act 2013). For GreenEx performance
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A Review of the Literature on the Topic of Market Orientation and the Firm with reference to three articles. Word count: 2‚990 Introduction Because the focus on market orientation has steadily increased over the last decade‚ academicians and marketing managers have begun to debate the effectiveness of market orientation as a profit enhancing strategy. Researchers and marketing managers are attempting to measure the benefits and costs associated with the implementation of market orientation
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CVP Analysis | The CVP analysis helps in taking more than one decisions in a firm. How would you substantiate this statement for a unit under expansion phase | | Abstract Companies commonly face major uncertainties in their product markets‚ particularly in the manufacturing industry where competition is often fierce and consumer tastes change rapidly. Managers need to estimate future revenues‚ costs‚ and profits to help them plan and monitor operations and to decide the mix and volumes of goods
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management challenges is to design more flexible organizational structures. Organizations are replacing their old vertical hierarchical structures with new horizontal or matrix-based structures‚ linking traditional functions through inter-functional teams‚ and establishing strategic alliances with suppliers‚ customers and even competitors. The organization of the future has a structure that can be reconfigured so as to make the best use of teams that are flexible and whose make-up varies over time‚ in
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