situation in which the banker and lawyer wages a bet based on the idea of the death penalty and life imprisonment. The banker puts on the line two million dollars compared to the lawyer’s life worth of fifteen years. For the next fifteen years the lawyer was placed in the banker’s backyard without the knowledge of the outside world. It was clear that any attempt on the lawyer’s part to break the conditions will result in the lawyer’s loss of the bet. Fifteen years later‚ the banker is near bankruptcy
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Agency theory Agency theory identifies the agency relationship where one party‚ the principal‚ delegates work to another party‚ the agent. In the context of a corporation‚ the owners are the principal and the directors are the agent. This model of corporate governance and subsequent research focused on resolving conflicts of interest between corporate management and shareholders (Jensen and Meckling‚ 1976) and has largely adopted an agency theory approach. Key assumption is that the principals and
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Roth -Engendering inequality: Processes of Sex-Segregation on (within occupations) Wall Street 1. What method did Roth use in her study? Qualitative 76 MBA grads randomly selected using random numbers table 2. P. 205 Do men and women with the same job preferences and human capital receive comparable earning? No‚ there was $200‚000 difference in earnings between men and women in the same positions p. 209 p. 205: women have different earning even when their job preferences and investments
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Marketing Strategy for Investment Bankers I. Overview This paper sets out to explain how the concepts underlying marketing strategy‚ which is may be seen as applicable only to industries that provide tangible goods‚ such as iPads or pharmaceutical drugs‚ are nevertheless relevant to a service-based industry like investment banking. First‚ I will define marketing strategy and briefly describe its various elements. Next‚ I will define investment banking and give a brief description of the various
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each of the 5 C’s of credit or banking to help you understand what your banker needs to understand about your business in order to approve your loan. By the end of this article‚ you will have insight as to where your banker is coming from‚ and therefore better prepare you to handle their questions and concerns. Capacity/Cash Flow Importance¶ Cash Flow is the first "C" of the 5 C ’s of Credit (5 C ’s of Banking). Your banker needs to be certain that your business generates enough cash flow to repay
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A merchant bank This free essay was written by a student and not by our expert writers. If you need custom essays on your exact essay questions‚ then have a look at our essay writing service. What is Merchant Bank? A Merchant bank is a bank or a financial institution which is more focusing on providing financial services and advice to corporations and wealthy individuals‚ so we can say that a Merchant bank is that which providing Private equity activities of banking. There are two types of banks
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Income Tax Is not one Tax but an Aggregation Of Taxes Tax is a fee charge by the Govt. on any product income or activity. Taxes in India are of two types‚ Direct Tax and Indirect Tax. Direct Tax‚ like income tax‚ wealth tax‚ etc. are those whose burden falls directly on the taxpayer. The burden of indirect taxes‚ like service tax‚ VAT‚ etc. can be passed on to a third party. Income Tax is all income other than agricultural income levied and collected by the central government and shared
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NEGOTIABLE INSTRUMENTS ACT‚1881 Definition of a Negotiable Instrument. The law relating to negotiable instruments is contained in the Negotiable Instruments Act‚ 1881. It is an Act to define and amend the law relating to promissory notes‚ bills of exchange and cheques. The Act does not affect the custom or local usage relating to an instrument in oriental language i.e.‚ a Hundi. The term "negotiable instrument" means a document transferable from one person to another. However the Act
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CHRISTIAN SERVICE UNIVERSITY COLLEGE BACHELOR OF BUSINESS ADMINISTRATION RESEARCH TITLE: Challenges facing mobile bankers of microfinance institutions in Ghana A case study of Eden microfinance institution in the Kumasi metropolis GROUP MEMBERS INDEX NUMBER SUPERVISOR MISS ABIGAIL ASAMOAH CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY * In Ghana it is estimated that only 6 percent of the entire population have access to formal financial services‚ with the
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Term paper on ESOP Submitted by Hitesh.K.R (1pi11mba59) Finance Cohart 1 What is an ESOP? ESOP stands for Employee Stock Ownership Plan and is an employee benefit plan which makes the employees owners of stock in that company. An ESOP is required by law to invest primarily in the stock of the sponsoring employer. An ESOP is a qualified defined contribution plan and is similar to profit sharing plans. The employer can use it as a conduit for borrowing money from a bank or other
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