Capital Structure 7 July 2013 Introduction The capital structure for a company can be very important for the success of the company. Many aspects of the business must be evaluated in order to determine the appropriate capital structure. Throughout this paper‚ three companies will be evaluated. The three companies being evaluated are eBay (NasdaqGS: EBAY)‚ The Clorox Company (NYSE: CLX)‚ and Alaska Air Group Inc. (NYSE: ALK). Company Overview eBay is a very popular company
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The Capital Structure of Chinese Companies 1. Introduction Capital structure is considered as a way to determine how a corporation financing its assets by issuing debt or equity. If the firm is entirely financed by the common equity‚ then it is so called an unlevered firmed‚ and its whole cash flow belong to its stockholders. If the firm financed both debt and equity‚ then it is so called a levered firm‚ and its cash flow will first goes to debt holders and then to stockholders. According to Brealey
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African Journal of Business Management Vol. 5(15)‚ pp. 6527-6540‚ 4 August‚ 2011 Available online at http://www.academicjournals.org/AJBM DOI: 10.5897/AJBM11.1012 ISSN 1993-8233 ©2011 Academic Journals Full Length Research Paper Capital structure and financing decision - Evidence from the four Asian Tigers and Japan Kuang-Hua Hsu1* and Ching-Yu Hsu2 1 Department of Finance‚ Chaoyang University of Technology‚ Taiwan‚ Republic of China 168 Jifong E. Road.‚ Wufong District‚ Taichung
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SEAR ROEBUCKS SWOT ANALYSIS Author Diane Hughes SEARS HISTORY Richard Sears was agent of the Minneapolis andSt. Louis railway station. He sold lumber and coal to local residents in his spare time. When he received a shipment of unwanted watches he purchased himself and began selling them at a good profit to other station agent up and down the line. In 1886 Sears began the R.W. Sears Watch Company. In 1887 he moved the business to Chicago and put an adin the local paper for a Watchman
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CIS 790 Xianxi Feng Kmart According to figure 1‚ Michael Porter provided a framework that models an industry as being influenced by five forces which are threat of new entrants‚ threat of substitute products or services‚ rivalry among existing competitors‚ bargaining power of suppliers and bargaining power of buyers. First of all‚ “new entrants to an industry bring new capacity and a desire to gain market share that puts pressure on prices‚ costs‚ and the rate of investment necessary to compete
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technologically advanced online mega retailers. Retail stores such as BestBuy‚ Sears‚ and Blockbuster are on the verge of going out of the business due to customers’ increasing online purchases from Amazon‚ Overstock‚ and Buy.com. Click stores are able to gain competitive advantage over brick and mortar stores by maintaining low inventory‚ fewer employees‚ and by providing a personalized shopping experience. At one point‚ Sears dominated the full line retail market by providing its customers various mid
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On January 22‚ 2002‚ Kmart filed for Chapter 11 bankruptcy protection. It was the largest retailer ever to do so and shocked many people. Kmart had made retail history when its founder‚ the Kresge “five and dime store” chain‚ invented the concept of the discount store. The first Kmart was established in Detroit in 1962‚ the same year Wal-Mart opened its first store in Rogers‚ Arkansas. By the end of 1963 Kmart had 63 stores converted from Kresge’s. In the following years‚ however‚ Wal-Mart expanded
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Capital Structure and Debt Structure* Joshua D. Rauh Kellogg School of Management and NBER Amir Sufi University of Chicago Booth School of Business and NBER February 2010 *We thank Doug Diamond‚ Anil Kashyap‚ Gordon Phillips‚ Michael Roberts‚ Toni Whited‚ Luigi Zingales‚ and seminar participants at Emory University‚ Georgetown University‚ Maastricht University‚ Rice University‚ Tilburg University‚ the University of California-Berkeley‚ the University of Chicago‚ the University of Colorado
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The electronic private automatic branch exchange (EPABX) is equipment that has made day-to-day working in the offices much simpler‚ especially in the area of communication. The EPABX may be defined as a switching system that makes available both internal and external stitching functions of any organisation. The selection of an EPBAX is a difficult task and requires deep knowledge of traffic pattern of the office. By using an EPABX both the internal and external needs of the organisation are
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- 1 Introduction 1.1 Introduction Capital structure concept holds a major place in a financial management. Capital structure refers the proportion of debt and equity capital .A perfect balance between debt and equity is required to ensure tradeoff between risk and return. Thus‚ optimal capital structure means the capital structure having reasonable of proportion of debt and equity. An optimal financial structure makes better use of society’s fund of capital resource ‚and thus it increase the total
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