Miller and Modigiliani (1961) prove that dividend policy is irrelevant to share value in perfect and efficient capital markets. In this setup‚ no rational investor has a preference between dividends and capital gains. However‚ dividend payout policy is still discussed extensively until now. In this proposal‚ I use a sample of companies from 33 countries around the world to shed light on the relationship among legal origin‚ insider holdings‚ corporate governance‚ and dividend payout policy. This idea
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How Can Theater Companies Balance the Artistic Value and Commercial Value to Achieve Success? A Review of the Literature Abstract In recent years‚ more and more theater companies have occurred in the creative industries. Each company wants to be as successful as the Broadway Theater. This literature examines how can theater companies achieve higher performance in order to balance their commercial and artistic values. In general‚ theater companies will at least shorten the distance to success
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Physical Geography Exam 2 (ch 6‚7‚8‚9‚17) 1. The hydrologic cycle refers to the ________. A) flow of rivers B) groundwater flow to the surface C) unending circulation of Earth’s water supply D) latent heat of vaporization E) totality of forms of precipitation 2. Air containing all of the water vapor it can hold is ________. A) saturated B) adiabatic C) dew point D) convective E) unstable 3. The release of latent heat along from water molecules
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Ethan Sartin Professor Lavelle English 1102-06 1 February 2015 David R. Slavitt’s “Titanic” and Thomas Hardy’s “Convergence of the Twain” Section 1: Poetry Terms Both of these poems are written in free verse. That is‚ they have no established poetic forms to them. “Titanic” is written in three tercets‚ one quatrain‚ and ends with a single line stanza. “Convergence of the Twain” is more structured; it is written evenly into eleven tercets. Both poems seem to have a good mix of enjambment and end
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Introduction A joint venture‚ according to Adler and Graham (1989)‚along with mergers and acquisitions‚ licensing and distribution agreements‚ and sales of products and services – critical aspects of all such interorganizational relationships‚ are face-to-face negotiations. This would mean the interaction between people. In today’s society‚ as the world becomes much more globalized than we could ever think of‚ with the fast growth of the internet industry‚ we are connected with people from another
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Focus group research- reliability‚ validity‚ replicability‚ generalisability A focus group can be defined as a group interview- centered on a specific topic and facilitated and co-ordinated by a moderator or facilitator- which seeks to generate primarily qualitative data‚ by capitalizing on the interaction that occurs within the group setting. The idea behind the focus group method is that group processes can help people to explore and clarify their views in ways that be less easily accessible
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The use of human resource management in organisations has certainly evolved over the past decades. It has been described as a key source of competitive advantage for an organisation and there are many reasons and examples of this. However human resource management has had many role changes thus meaning new challenges for the human resource professionals. This essay will discuss these role changes and new challenges in regards to how they have been dealt with in order to achieve competitive advantage
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Surface Area with Polar Coordinates Arc Length and Surface Area Revisited Introduction Sequences More on Sequences Series - The Basics Series - Convergence/Divergence Series - Special Series Integral Test Comparison Test/Limit Comparison Test Alternating Series Test Absolute Convergence Ratio Test Root Test Strategy for Series Estimating the Value of a Series Power Series Power Series and Functions Taylor Series
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through rapid distribution of opinions and messages‚ the scope of these effects are subject to debate. This essay explains how Internet has been transformational in language convergence and the mechanisms that have ultimately effected these changes. Mechanisms of Language shift To affect language change by either a shift or convergence using human contact or cyberspace requires several mechanisms. Thomason highlights these mechanisms as “code-switching‚ code-alternation‚ passive familiarity‚ negotiation
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LITERATURE REVIEW ESSAY As competitions within the global market continue to intensify‚ change is arguably the only element that ensures organisation survival. Nadler and Tushman (1986) supported the view that organisations must accept change as the corporate way of life to remain competitive. Albeit the notion “change or else perish” sounded relatively simple‚ it can be difficult to execute to perfection given that change comes in many shapes and forms. Meyerson (2001) stipulated that there is
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