increasingly aware of how their organizations can be buffeted by risks beyond their control. In many cases‚ fluctuations in economic and financial variables such as exchange rates‚ interest rates‚ and commodity prices have had destahilizing effects on corporate strategies and performance. Consider the following examples: D In the first half of 1986‚ world oil prices plummeted hy 50%; overall‚ energy prices fell hy 24%. While this was a boon to the economy as a whole‚ it was disastrous for oil producers
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dividend that is usually much larger than a regular dividend. An alternative way to pay cash to investors is through a share repurchase‚ in which a firm uses cash to buy shares of its own outstanding stock. These shares are generally held in the corporate treasury and can be resold in the future. An open market repurchase‚ in which a firm buys its own shares in the open market‚ is the most common way that firms repurchase shares. ©2011 Pearson Education 198
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Corporate Financial Management Literature Review on Capital Structure Date: 7\12\2012 Name: Tudor Gheorghiu Student Id: 12254888 Introduction 3 Theories on Capital Structure 3 Modigliani and Miller theory on capital structure 3 Other theories relating to the firm`s capital structure 4 Trade-off theory 4 Pecking order theory 5 Agency theory 6 Choosing between theories 7 Empirical evidence 7 Developed countries: 7 Emerging markets: 9 Capital structure of privatised firms
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the relevant corporate governance attributes? Agrawal‚ A.‚ Jaffe‚ J. F. and Mandelker‚ G. N. (1992) The post-merger performance of acquiring firms: a re-examination of an anomaly‚ Journal of Finance‚ 47‚ 1605–21. Barber‚ B. and Lyon‚ J. (1997). Detecting long-run abnormal stock returns: the empirical power and specification of test statistics‚ Journal of Financial Barber‚ B.‚ Lyon‚ J. and Tsai‚ C. (1999) Improved method for tests of long-run abnormal stock returns‚ Journal of Finance‚ 54‚ 165–202
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MBA- SEMESTER-II ASSIGNMENT – MB0045 Name : Registration No : Learning Center : Learning Center Code : Course : MBA Subject : FINANCIAL MANAGEMENT Semester : Second Module No : MB0045 Date of Submission : 30.01.2013 Marks Awarded : Directorate of Distance Education Signature of Sikkim Manipal University Signature of Evaluator II-Floor‚ Syndicate House Center Cordinator
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INTERNSHIP REPOET ON IDLC INVESTMENTS LIMITED Topic: “Activities of Investment Bank in the case of IDLC Investments Limited” Supervised by: Mr. Probal Dutta Assistant Professor BRAC Business School BRAC University Submitted by: Md. Abu Taher ID: 07304020 BRAC Business School BRAC University Date of Submission: 28th September‚ 2011 28th September‚ 2011 Mr. Probal Dutta Assistant Professor BRAC Business School BRAC University Subject: Submission of the report on “Activities of Investment
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Stock Valuation FIN/571 Corporate Finance October 25‚ 2014 Stock Valuation The purpose of this review is to discuss the “Concept Review Video: Stock Valuation” from the WileyPLUS learning tool for Week 4 of this learning team assignment. Stock valuations allow the projection or prediction of market values for stocks or investments. The determination of these valuations is through the utilization of various methods. Net Present Value One approach that investors use to place value on the
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Guillermo Furniture Store University of Phoenix FIN 571/December 10‚ 2012 Marcel Santiz In week one‚ the author conducted an analysis on the Guillermo Furniture Store location‚ company finance‚ and the production of work. For this current week‚ the author will analysis some alternative for Guillermo Furniture Store working capital policy by implementing multiple valuation techniques with an emphasis on reducing business risks and comparing the average cost of capitol. In
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L1 - Modigliani & Miller (1958) ‘The Cost of Capital‚ Corporation Finance and the Theory of Investment’ This article mainly discusses the cost of capital‚ the required return necessary to make a capital budgeting project worthwhile. Cost of capital includes the cost of debt and the cost of equity. Theorist conclude that the cost of capital to the owners of a firm is simply the rate of interest on bonds. In a world without uncertainty the rational approach would be (1) to maximize profits and (2)
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DOES M&A ACTIVITY ADD VALUE? A LITERATURE REVIEW AND CASE STUDY Abstract In this paper we explore the motivations for corporate acquisitions and critically evaluate whether acquisitions add to shareholder wealth – both from an acquirer and target perspective. We find that the time period over which shareholder wealth is measured‚ the payment form and the nature of the bid all have an effect on the findings. A case study of the ABN AMRO acquisition by RBS is examined to validate the findings from
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