THE JOURNAL OF FINANCE • VOL. LXI‚ NO. 4 • AUGUST 2006 Corporate Financial Policy and the Value of Cash MICHAEL FAULKENDER and RONG WANG∗ ABSTRACT We examine the cross-sectional variation in the marginal value of corporate cash holdings that arises from differences in corporate financial policy. We begin by providing semi-quantitative predictions for the value of an extra dollar of cash depending upon the likely use of that dollar‚ and derive a set of intuitive hypotheses to test empirically
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FINA 6201 - Financial Theory and Policy Note: This is the text-only version of this week’s lecture. All media (i.e. videos‚ flash presentations‚ and PowerPoints) and learning activities (i.e. assigned readings‚ assignments‚ and discussions) are accessible only through the online course. Syllabus FINA 6201 - Financial Theory and Policy Course Description Log in to the course to view introduction video Course Overview—Course Description The primary objective of this course is to build
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Summary China’s aggressive policy toward the South China Sea (SCS) threatens Asian-Pacific regional stability while flaunting international law and order. Our goal should be to prevent the emergence of an overly powerful and combative China‚ promote and enforce stabilizing international law‚ and secure vital SCS trade routes for U.S. and allied interests. Prospective policy options include; (1) the facilitation of multilateral negotiations between a unified Asian organization and China‚ (2) forcing
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Psychoanalysis of aggressive behavior Each one of us use the word aggressive or aggression quite often‚ but do we really know its meaning or how harmful it could be for the person who is aggressive and also to them with whom he is dealing with. Aggression could be defined as a behavior which is meant to harm other people. It can either be verbal or even physical. Either shown by a person or by various groups‚ aggression could be the most harmful force in social relationships and also
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‘Nationalism is inherently expansionist and aggressive.’ Discuss (45marks) The term nationalism is derived from Nasci‚ which means ’to be born’. Nationalism is often regarded as a 19th century phenomenon‚ it is a collective emotion felt by groups of people who consider themselves to have common circumstances of birth. Its Origins lies in the desire of some 18th and 19th century peoples to create a solid and enduring basis for the formation of a political community. There are two contrasting
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The conservative party has a right-wing ideology that advocates the traditional and established way of doing things‚ whether it is an economic‚ foreign‚ or social policy. The main goal of this promise is to ensure national security‚ eliminate terrorism‚ and cover a major conservative scandal that has arisen during the electoral campaign. The Canadian Conservative Party results from the union of the Progressive Conservatives and Reform / Canadian Alliance. Conservatives have a specific set of beliefs
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Sports and Aggressive Behavior Sport and aggressive behavior‚ Do sports create aggressive behavior‚ or simply attract people who are already aggressive? Aggression and sport have gone together as long as sports have been around‚ be it the players themselves‚ to the parents‚ coaches‚ or spectators‚ they just seem to be an inseparable part of each other. The term violence is defined as physical assault based on total disregard for the well being of self and others‚ or the intent to injure another
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Betta splendens‚ or Siamese Fighting fish‚ are commonly known for their beautiful and aggressive displays of behavior. Typically‚ bettas will only display an aggressive behavior when the feel threatened. In those cases‚ bettas will flick their tail‚ erect fins and gill covers‚ and darken skin or dart toward an opponent. Domestic bettas are known to be more aggressive and therefore are kept separate from other bettas. In the experiment to follow‚ male aggression toward different colors of males was
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Cultural conservatives have a great deal of faith in the "War on Drugs"; Richard Nixon‚ Ronald Reagan‚ and George Bush‚ all used the expression often and were zealous generals in this "war." Carrying on this tradition in his campaign speeches‚ presidential candidate Bob Dole vowed to re-ignite the drug war‚ which had lapsed‚ he claimed‚ under Bill Clinton—whom he designated politically and culturally far to his left. More specifically‚ cultural conservatives have a great deal of faith in a principle
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enforcement. Gau and Brunson (2010) indicates that aggressive policing is used by police to control social disorder. However‚ this has created an uprooting with the relationship built between the police and their community. The other four articles discussed within the paper supports Gau’s statement by giving the reader statistical evidence of the damaging effects that have occurred over the years. This paper focuses on the most common form of aggressive policing that causes discrepancies within this
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