Environmental Dynamism‚ Capital Structure and Performance: A Theoretical Integration and an Empirical Test Author(s): Roy L. Simerly and Mingfang Li Source: Strategic Management Journal‚ Vol. 21‚ No. 1 (Jan.‚ 2000)‚ pp. 31-49 Published by: John Wiley & Sons Stable URL: http://www.jstor.org/stable/3094118 Accessed: 07/12/2009 10:37 Your use of the JSTOR archive indicates your acceptance of JSTOR ’s Terms and Conditions of Use‚ available at http://www.jstor.org/page/info/about/policies/terms.jsp.
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An Appraisal of Dividend Policy and Capital Structure of Apex Tanneries Limited 1. Company Profile Apex tanneries has been setting standard in Bangladesh leather export industry since 1976.equiped with the state of the art Italian modern machinery and maintaining high quality strictness. Through the years its production has been progressively entailing a constant expansion of building and machinery .Annual production exceeds 23 million square meters and company sales turnover amount to
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FIN-03-06 A Dynamic Model of Optimal Capital Structure Sheridan Titman McCombs School of Business The University of Texas at Austin e-mail: titman@mail.utexas.edu Sergey Tsyplakov Moore School of Business The University of South Carolina‚ Columbia‚ SC This paper also can be downloaded without charge from the Social Science Research Network Electronic Paper Collection: http://ssrn.com/abstract/332042 A Dynamic Model of Optimal Capital Structure∗ Sheridan Titman McCombs School of Business
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CHAPTER 16 FINANCIAL LEVERAGE AND CAPITAL STRUCTURE POLICY Answers to Concepts Review and Critical Thinking Questions 1. Business risk is the equity risk arising from the nature of the firm’s operating activity‚ and is directly related to the systematic risk of the firm’s assets. Financial risk is the equity risk that is due entirely to the firm’s chosen capital structure. As financial leverage‚ or the use of debt financing‚ increases‚ so does financial risk and‚ hence‚ the overall
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Capital structure decisions: To M&M and beyond Introduction Modigliani and Miller’s proposition one states that by introducing debt financing does not change the value of the firm or the value of the firm’s cash-‐flows but only the way that these cash-‐flows of the firm are split between its debt and
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Impact of Capital Structure on Firm Value Financial Management Assignment 10/12/2010 Completed and Submitted by‚ Aishwarya R. (06) Anjana Pradeep (12) Arijit Ghosh (18) Gayathri M.A. (34) Jyothi D. (44) Lavanya P. (51) CONTENTS INTRODUCTION.......................................................3 COMPANIES CHOSEN..............................................3 LARSEN AND TOUBRO............................................3 Overview……………………………………………………………
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CHAPTER 13 CAPITAL STRUCTURE AND LEVERAGE (Difficulty: E = Easy‚ M = Medium‚ and T = Tough) Multiple Choice: Conceptual Easy: Business risk Answer: c Diff: E [i]. A decrease in the debt ratio will generally have no effect on . a. Financial risk. b. Total risk. c. Business risk. d. Market risk. e. None of the above is correct. (It will affect each type of risk above.) Business risk Answer: d Diff: E [ii]. Business risk
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Kmart- Performance Management Tactics More than one hundred years ago‚ Sebastian Spering Kresge opened a modest five-and-dime store in downtown Detroit and changed the entire landscape of retailing. The store that Kresge built has evolved into an empire of more than 1‚500 stores and an Internet presence that reaches millions of customers. Overall‚ Kmart’s workforce is highly diverse. Kmart’s total associate population‚ including store managers‚ reflects the communities it serves. Almost 32 percent
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NBER WORKING PAPER SERIES THE CAPITAL STRUCTURE DECISIONS OF NEW FIRMS Alicia M. Robb David T. Robinson Working Paper 16272 http://www.nber.org/papers/w16272 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 August 2010 The authors are grateful to the Kauffman Foundation for generous financial support. Malcolm Baker‚ Thomas Hellmann‚ Antoinette Schoar‚ Ivo Welch‚ and seminar participants at the Kauffman/Cleveland Federal Reserve Bank Entrepreneurial Finance
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INTRODUCTION 1.0 CHAPTER OVERVIEW Capital plays an important role in business. Every business enterprise‚ whether big‚ medium or small‚ manufacturing‚ services or industrial‚ needs capital to carry on its operations smoothly and to achieve its targets organization’s objective. Capital Structure means how an organization or company manage their capital or obtain financial resources to manage their business well. Business adopts different types of capital structures in order to meet the internal needs
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