The Wm. Wrigley Jr. Company: capital structure‚ valuation‚ and cost of capital Teaching Note Synopsis In June 2002‚ a managing director of an active-investor hedge fund was considering the possible gains from increasing the debt capitalization of the Wm. Wrigley Jr. Company. Wrigley had been conservatively financed and at the date of the case‚ carried no debt. The tasks for the student are to: Estimate the potential change in value from relevering Wrigley using adjusted present value analysis
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Banks and Bank Systems‚ Volume 6‚ Issue 3‚ 2011 Wael Mostafa (Egypt)‚ Tarek Eldomiaty (Egypt)‚ Hussein Abdou (UK) The effect of bank capital structure and financial indicators on CI’s financial strength ratings: the case of the Middle East Abstract This paper aims to integrate the theory of bank financial performance with the practice of bank ratings. The paper studies the effect of bank capital structure and financial indicators in Middle Eastern commercial banks associated with high and
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Capital Structure‚ Profitability and Market Structure: Evidence from Textile Industries in Bangladesh. Introduction In corporate finance‚ the academic contribution of Modigliani and Miller (1958‚ 1963) about capital structure irrelevance and the tax shield advantage paved the way for the development of alternative theories and a series of empirical research initiatives on capital structure. The alternative theories include the trade-off theory‚ the pecking order/asymmetric information theory
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and Economics Available online at www.managementjournal.info RESEARCH ARTICLE An Empirical Analysis of Capital Structure on Firms’ Performance in Nigeria Taiwo Adewale Muritala* Department of Economics and Financial Studies‚ Fountain University Osogbo‚ Osun State‚ Nigeria. *Correspondence E-mail: muritaiwo@yahoo.com Abstract This paper examines the optimum level of capital structure through which a firm can increase its financial performance using annual data of ten firms spanning a five-year
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Capital Structure Decisions: Which Factors Are Reliably Important? Murray Z. Frank and Vidhan K. Goyal∗ This paper examines the relative importance of many factors in the capital structure decisions of publicly traded American firms from 1950 to 2003. The most reliable factors for explaining market leverage are: median industry leverage (+ effect on leverage)‚ market-to-book assets ratio (−)‚ tangibility (+)‚ profits (−)‚ log of assets (+)‚ and expected inflation (+). In addition‚ we find
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Nationalisation of Banks Despite the provisions‚ control and regulations of Reserve Bank of India‚ banks in India except the State Bank of India or SBI‚ continued to be owned and operated by private persons. By the 1960s‚ the Indian banking industry had become an important tool to facilitate the development of the Indian economy. At the same time‚ it had emerged as a large employer‚ and a debate had ensued about the nationalization of the banking industry. Indira Gandhi‚ then Prime Minister of India
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of Different ULIP Plans in HDFC´ Supervisor NAME: MS. Ruchi Bhatia Designation: Sr. Lecturer Submitted by Name: Guruprasad Swain Enrolment No:-08061148755 Specialization: Finance Session 2008-2010 Directorate of Distance Education GJUS & T‚ Hisar 2 CERTIFICATE This is to certify that Mr. Guruprasad Swain‚ Enrolment No. 08061148755 have proceeded under by supervision his/her Research Project Report on ³A COMPARATIVE STUDY OF DIFFERENT ULIP PLANS OF HDFC´ in the specialization area
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a) Repurchase of stock=RM15x100000shares=RM1500000 Equity after repurchase of stock=repurchase of stock-amount borrowed |Scenario |Amount borrowed(RM) |Equity after repurchase of stock(RM) | |1 |0 |1500000-0=1500000 | |2 |187500 |1500000-187500=1312500 | |3
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The Impact of the Concept of “Tank (Wewa)-Stupa (Dagaba)‚ Village (Gama) - Temple (Pansala)” (TSVT) to an Integrated Tourism Promotion System: A study in Anuradhapura District‚ Sri Lanka Dayangana K T L U S a‚ Gamlath G R M b a Lecturer‚ Department of Tourism and Hospitality Management‚ Faculty of Management Studies‚ Rajarata University of Sri Lanka. udaya8199@gmail.com b Project Accountant‚ National Post Consumer Plastic Waste Management Project‚ Central Environmental Authority‚ Sri Lanka.
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Research on: effects of capital structure and cost of capital in China’s multinational business management General Outline 1.The goals of the multinational enterprises’ capital structure 2. The affect on cost of equity capital in the multinational business management. (CAPM MODEL‚ BETA ([pic]). 3. The affect on cost of debt capital in the multinational business management. (It differ from cost of equity capital‚ cost of debt capital will be impacted by the pros and cons of multinational
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