(RAAF) declared that the debris was a flying saucer. However‚ they later announced that the debris was nothing more than the remains of a weather balloon‚ which raised many questions from people all over the nation. Believers of the flying saucer theory believe that the debris belonged to aliens who had crash landed on earth‚ and that the government tried to cover it up. Skeptics however‚ believe that it was exactly what the government
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or bad for our minds is flawed because technology is not an external influence‚ but rather an extension of our own brains. A thing cannot be good or bad for itself: it just is. This is the premise of Expanded Mind Theory. So what exactly is Expanded Mind Theory? It is the theory that there is a neural bridge between the two parts of our brain: the tissue part and the electronic part. Our electronic brains are connected wirelessly to our tissue brains via a screen of light sent from
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advantage of the financial leverage and play an important role in corporation governance. Given the importance of capital structure‚ this essay will firstly discuss the ways that capital structure affects corporation value‚ then it will introduce the influencing factors of capital structure and how to effectively manage it. Due to the conflicts among the debtors‚ managers and shareholders etc‚ this essay will also illustrate the agency problems that are existed in the companies and evaluate the role of effective
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OF CORPORATE GOVERNANCE Asst. Prof. Loganathan Krishnan Abstract Auditors examine company’s accounts and report to the company on the accounts. Fundamentally‚ the concern is how auditors carry out these duties effectively. Legislations namely Companies Act 1965‚ Securities Industry Act 1983 which has been consolidated as Capital Market and Services Act 2007 have made major inroads to ensure that auditors carry out their duties and obligations effectively. Additionally‚ the Code of Corporate Governance
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Agency theory Kenya has 62 micro-finance NGO’s. They have demonstrated that micro-business lending in Kenya is feasible‚ and that small borrowers do pay. They have pioneered new product types and innovations and some are moving toward sustainability. The microfinance NGO’s have played an important part in moving government toward recognition of the small borrower and have been instrumental in advancing the cause of the proposed Micro-Finance Bill. Small borrowers and the informal sector form a
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Believers of “Divine Command Theory” are known to submit themselves to Divine Command and even thinking otherwise is to go against the Divine Command. The argument that homosexual behaviour is against God or God’s Law‚ i.e. the way of nature itself‚ is undermined if there is even one instance of homosexuality in nature. Sadly‚ for many believers of “Divine Command Theory” and “Natural law” followers‚ there are many instances. Black swans‚ Japanese macque‚ even Bonobos‚ a primate species closely related
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influential people have weighed in on the debate which contrasts the pros and cons of teaching intelligent design in a science class compared to solely teaching evolution. Many have recently swayed to a pro intelligent design mindset due to scientists having no empirical evidence to explain Charles Darwin’s theory of Natural Selection‚ which is said to be the process in which our world’s structure of evolution follows. Darwin’s theory implies that species exist due to the natural change in which they
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AGENCY THEORY AND FIRM PERFORMANCE By Alex Ganas Department of M.B.A At the university of I.S.T / L.S.B.U There has been considerable discussion of managerial agency and firm performance problems that arise from the separation of ownership and control. Economists have long been concerned with the incentive problems that arise when decision making in a firm is the province of managers who are not the firm ’s security holders. The adoption of the agency logic increased during
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Explain the similarities and differences between AT and TCE on corporate governance and criticize AT using TCE’s perspective Both AT and TCE share considerably the same assumption‚ they believe that market mechanism will not work all the time because of bounded rationality‚ opportunism‚ and moral hazard. The two theories also believe that there is no perfect contract and both rely endogenously on the board of director as a control instrument. Even though AT and TCE both share these similarities
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that would bring greater international peace only if a state becomes increasingly economically interdependent and rely heavily on international organizations (The Fact of Democratic Peace). There are two main ideas that make up the democratic peace theory. The
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