CASH HOLDINGS‚ WORKING CAPITAL AND FIRM VALUE: EVIDENCE FROM FRANCE Ruta AUTUKAITE* – Eric MOLAY** Abstract: Although companies deal with day-to-day short term financial decisions‚ in corporate finance the emphasis is being put on long term financial issues when talking about company’s value. In this paper a sample of French listed companies was chosen to assess the importance of short term financial decisions to company’s value by testing the following hypotheses: an extra euro invested in cash
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Geely Automobile Holdings Ltd. (0175) - Financial and Strategic SWOT Analysis Review Summary Geely Automobile Holdings Ltd. (Geely Automobiles) is a China based automobiles manufacturer‚ which is engaged into the research and development‚ production‚ sales and servicing of auto products. The company produces automobiles under five brand groups: Geely‚ Maple‚ Gleagle‚ Emgrand‚ and Englon. It also manufactures and develops engine platforms that include engine capacities from 1 litre to 1.8 litre
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USCC Economic Issue Brief No. 2 | March 21‚ 2014 China’s Foreign Exchange Reserves and Holdings of U.S. Securities Nargiza Salidjanova‚ Policy Analyst Persistent intervention in the exchange rate markets to keep the RMB undervalued has allowed China to accumulate the world’s largest reserves of foreign exchange‚ most of which is in U.S. dollars. By yearend 2013‚ China had over $3.82 trillion in foreign exchange reserves‚ nearly double the figure five years earlier. A significant proportion of these
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wants to stay that way. Even if it means wagering everything he has built so far. Is Kishore Biyani a retailer or a fund manager? That question might well be asked of him in the not too distant future. Over the last few months‚ Future Capital Holdings (FCH)‚ led by CEO Sameer Sain‚ has stitched together a fully integrated financial services business model. FCH has already become the fastest growing start-up in the alternative asset management business in India with almost $830 million in assets
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The analysis of financial position and performance of Nick Scali Limited and Fantastic Holdings Limited during fiscal year 2010 and 2009 are summarized as the following: Horizontal Analysis The horizontal analysis comparative income statements show a percentage change from doing operation of two companies are Nick Scali and Fantastic Holdings Limited. Gross profits of two companies are increased from year 2009 to 2010 by 34.28% and 5.90% respectively. It can be said that both company had increased
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To compare the financial performance of Café De Coral Limited and Fairwood Holdings Limited By Cheng Ho Lam Ip Ka Yung Kong Chin To Leung Chi Hung Ng Ho Pong Ngai Yiu Lun Presented to Department of Business Administration Hong Kong Institute of Vocational Education (Kwun Tong) For Higher Diploma in Accountancy (21901F/4B) 2013/2014 Abstract Café de Coral Holdings Limited (Café de Coral) and Fairwood Holdings Limited (Fairwood) are two large catering quick service chains in Hong Kong
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There are different ways that MPs hold the government to account; there are debates‚ select committees and questions‚ however there are many reasons in which these methods can be seen as ineffective. Accountability is forcing the government and it’s ministers to justify their policies‚ for opposition parties’ accountability may imply alternatives to the proposals of the government. When debating MPs are able to express their views to influence policy in the debates on current events and actions
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Will it be difficult for Marvel or other companies in the MacAndrews and Forbes holding company to issue debt in the future? To determine Whether or not it will be difficult for Marvel or other companies in the MacAndrews and Forbes holding company to issued debt in the future‚ we should analyze two perspectives‚ one is historical and the other one is the future perspective. Historically‚ Marvel Holdings issued zero-coupon senior secured notes which were all secured by Marvel’s equity rather
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In this paper‚ we will consider two non-financial firms from different industries; they are Unilever Group and Rolls-Royce Holdings plc. In order to see the capital structure debt and equity ratios were calculated. According to calculations Unilever’s debt ratio is 32.49% and equity ratio is 67.51%. Rolls-Royce numbers are 16.81% and 83.19 % respectively. In both cases we see that firms prefer to use their own capital. We cannot tell with certainty why this structure was chosen‚ but we can look
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THE IMPACT OF PRIVATIZATION AND COMMERCIALIZATION ON NIGERIA’S POWER SECTOR [A CASE STUDY ON POWER HOLDING COMPANY OF NIGERIA (PHCN)] 1.1 BACKGROUND TO THE STUDY Privatization is the implementation of a decision to sell companies owned by the State to private individuals/ companies. Benefits of privatization are making the public sector commercial enterprise survive in competitive markets through better efficiency‚ higher productivity‚ improved product quality and customer service‚ and reduction
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