assumptions‚ without any transparency‚ into a single number: the multiple. Many companies require over ten years of value-creating cash flows to justify their stock prices. Ideally‚ the explicit forecast period should capture at least one-third of corporate value with clear assumptions about projected financial performance. While the range of possible outcomes certainly widens with time‚ we have better analytical tools to deal with an ambiguous future than to place an uncertain multiple on a more certain
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International Finance SMM475 Maik Schmeling 2014 Maik Schmeling International Finance (MSc) 1 / 268 How to reach me Contact details: e-Mail: Office: Office hours: Maik.Schmeling.1@city.ac.uk 5055 Tuesday‚ 10.00 – 11.30 If you have questions regarding the content of the course you can always send me an e-mail (and expect a quick answer) or come to my office hours. Maik Schmeling International Finance (MSc) 2 / 268 Readings As a general rule‚ the slides contain
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This week we began learning more about our own personality type through the Myers-Briggs Type Indicator assessment. I am a ISFJ. According to Kummerow and Hirsh (1998)‚ this means I am an introvert who prefers to take in information using my five senses‚ base my decisions on personal and social values‚ and like a planned and organized approach to the outside world (pg. 1). The MBTI score gave me a lot of insight in myself‚ but the most significant thing I learned this week was reading the rest
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Analysis Essay As a guest editor I was asked to review and analyze Dee Dee Myers article “What class warfare really looks like”‚ and either recommend it or not for publishing in The Shorthorn. After considering all rhetorical appeal in Myers’ writing‚ I concluded that it should not be read at large by the UTA community. Therefore I must recommend that it should not be published in The Shorthorn‚ due to the fact that Myers states the gap between the super-rich and everyone else has steadily grown
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attempt to examine the Myers-Briggs type indicator by completing a version of the test online. It will discuss the results and then examine the four spectrums. The analysis will explain the strengths and weaknesses of that particular type. It will discuss the benefits employers and clinicians may have when utilizing the test. Finally‚ it will demonstrate what I learned about my personality through the exercise. According to Feist (2009)‚ “The Myers-Briggs Type Indicator
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Journal of Banking & Finance 22 (1998) 371±403 Corporate governance and board eectiveness Kose John a‚ Lemma W. Senbet a b 1 b‚* Stern School of Business‚ New York University‚ New York‚ NY 10012‚ USA Department of Finance‚ College of Business‚ University of Maryland‚ Tydings Hall‚ College Park‚ MD 20742‚ USA Abstract This paper surveys the empirical and theoretical literature on the mechanisms of corporate governance. We focus on the internal mechanisms of corporate governance (e.g.
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MEMO To : Dr Janie Liew-Tsonis From : NurulJannah Binti Ismail Date : 6 March 2013 Subject: Three reasons for choosing UMS ========================================================= Choosing the right university is crucial. The main reason being‚ the right university provides you with the opportunity to grow and gain knowledge. First main reason‚ I choose to enter Universiti Malaysia Sabah is because I want to gain more opportunity and experience here. As we know Sabah situated on the
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Monster‚ by Walter Dean Myers‚ is about a 16 year old Harlem boy named Steve Harmon. Steve gets tried for murder in a court of law because he supposedly was involved in the burglary/shooting of Mr. Nesbit‚ the convenience store clerk on December 22. Steve is wrongfully arrested‚ and spends time in jail awaiting his verdict‚ which he is found innocent for after a long trial. While in prison‚ Steve put his time to good use and wrote a play word for word based on his trial. This book falls under the
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SME finance is the funding of small and medium sized enterprises‚ and represents a major function of the general business finance market – in which capital for different types of firms are supplied‚ acquired‚ and costed or priced. Capital is supplied through the business finance market in the form of bank loans and overdrafts; leasing and hire-purchase arrangements; equity/corporate bond issues; venture capital or private equity; and asset-based finance such as factoring and invoice discounting.
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SOURCES OF FINANCE There are various sources available to meet short term needs of finance. The different sources are discussed below: 7.1 Trade Credit: It represents credit granted by suppliers of goods‚ etc.‚ as an incident of sale. The usual duration of such credit is 15 to 90 days. It generates automatically in the course of business and is common to almost all business operations. It can be in the form of an ’open account’ or ’bills payable’. Trade credit is preferred as a source of finance because
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