Jensen‚ M.C.‚ 1986b‚ “The Takeover Controversy: Analysis and Evidence‚” Midland Corporate Finance Journal 4 Jensen‚ M.C.‚ 1988‚ “Takeovers: Their Causes and Consequences‚” Journal of Economic Perspectives 2‚ 21-48. Jensen‚ M.C.‚ 1989‚ “Active Investors‚ LBOs‚ and the Privatization of Bankruptcy‚” Journal of Applied Corporate Finance 2‚ 35-44 Jensen‚ M.C.‚ 1993‚ “The Modern Industrial Revolution‚ Exit and the Failure of Internal Control Systems‚” Journal of Finance 6‚ 831-880 Jensen‚ M.C.‚ 2001‚ “Corporate
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Table of Contents Title Page Copyright Page Dedication Preface Chapter 1. - Strategy as a Case to Be Cracked Horsemen of the Corporate Apocalypse Toward a Greater Taylorism History of an Idea in Three Stages The Fiercening of Capitalism The Intellectualization of Business Chapter 2. - Bruce Henderson Defines the Subject Early Wonderings The Mysteries of Market Segmentation How to Retail Business Ideas The Foundation Story NON-ACTIVATED VERSION www.avs4you.com The Primordial Ooze
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Why Has IPO Underpricing Changed Over Time? Tim Loughran and Jay Ritter* lu the l9SOs. the average first-day rcliirn on inilial public offerings (IPOs) was 7%‚ The average firsl-day return doubled to almost I5 ’ ’ ’i during 1990-1998. before jumping to 65% during Ihe internet bubble years of 1999-2000 and then reverting la / i % during 2001-2003. We attribute much of the higher underpricing during the bubble period to a changing issuer objective function. We argue that in the later periods there
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MGMT 485W: Business Strategy and Policy Spring 2013 DR. Jing ZHANG CLASS: Tuesday and Thursday: 11:00am-12:15pm @ Constant Hall 1065 CONTACT: j3zhang@odu.edu ; OFFICE HOURS: Tuesday and Thursday 1:45pm-2:45pm @ Constant Hall 2038 COURSE DESCRIPTION: The Business Strategy and Policy course relies on conceptual and analytical skills to examine the challenges of firms. We apply and integrate analytical techniques from accounting‚ finance‚ management‚ marketing‚ economics‚ and
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9-207-107 REV: OCTOBER 1‚ 2007 BENJAMIN C. ESTY ALDO SESIA‚ JR. An Overview of Project Finance and Infrastructure Finance—2006 Update This note provides an introduction to the fields of project finance and infrastructure finance as well as a statistical overview of project-financed investments over the last five years. Examples of project-financed investments include the $4 billion Chad-Cameroon pipeline‚ $6 billion Iridium global satellite telecommunications system‚ €900 million A2
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Business Electives Fall 2013 BUSI 188 Foundations of Leadership: Discovering Your Strengths (1.5 cr.) Restricted to first-year students in the Assured Admit Program This course introduces the concepts of strengths-based leadership development to help uncover strengths and maximize potential for overall success. Students will learn how to connect these strengths to all areas of life‚ including‚ but not limited to‚ their academic journey as well as their future career path. BUSI 409 Advanced
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M&A & Restructuring Strategies. Merger: Two Firms agree to integrate operations on relatively equal basis(usually 1 dominates another in mkt share/size/asset value) Hostile takeover: (delivers higher shareholder value than friendly acquires)(Preannouncement returns of hostile takeover anticipated with increase in bidder & target’s share price). Diversification creates value by using excess resource. Restructuring used to correct with ineffective mergers/acquisitions. M&A used as means of growth to
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called “Event risk”. This is when the credit rating of a firm’s existing bonds drop‚ its required rate of return increase and then its price of bonds decline. This is the effect due to the high-risk “junk” bonds issued to finance leveraged buyouts (LBOs) and debt-financed corporate takeovers. Seeing this is trend‚ Laura was tasked to see if this could affect the required returns on TECO’s outstanding bonds. To do this‚ she will have to answer the following questions: 1. To begin‚ assume that it
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MSc FINANCE A rigorous programme for financial leaders Introduction from the Programme Director Professor Nigel Meade Programme Director and Professor of Quantitative Finance 2 mscfinance@imperial.ac.uk the academic and quantitative rigour of the core courses‚ has established a truly inspirational learning environment that equips graduates with the technical and financial tools they need to be respected by employers in today’s financial sector. The flagship programme
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Declaration: I declare that this project is the result of my own individual efforts and that it conforms to university‚ departmental and course regulations regarding cheating and plagiarism. No material contained within this study has been used in any other submission‚ by the author‚ for an academic award….. Pulkit Sharma March 25‚ 2010 [H-16062] Acknowledgement: I would like to thank my module leader M.R
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