Capital Structure Decisions: Which Factors Are Reliably Important? Murray Z. Frank and Vidhan K. Goyal∗ This paper examines the relative importance of many factors in the capital structure decisions of publicly traded American firms from 1950 to 2003. The most reliable factors for explaining market leverage are: median industry leverage (+ effect on leverage)‚ market-to-book assets ratio (−)‚ tangibility (+)‚ profits (−)‚ log of assets (+)‚ and expected inflation (+). In addition‚ we find
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THE WAR AT SEA WAS MORE IMPORTANT THAN THE WESTERN FRONT VIVYANNE SOO 10A Is the war at sea more important or was the war at the Western Front more important? To support or contradict this view‚ we need to considerate the importance of the following things: the U-boat threat to Britain‚ Britain’s supply line‚ the British Blockade and the connections between the war at sea and the Western Front. In this essay‚ I’m going to write down the points that are for and against this view. In conclusion‚
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Romeo and Juliet by William Shapespeare is considered by many to be a tragedy. In fact‚ there are many elements that contribute to this tragic end. But‚ what are the most important elements which contribute to this tragedy ? One of the most important element is fate. Right from the Prologue‚ before the action of the play‚ one is exposded to the idea of fate. The Prologue explains the plot and ending of the story in that the two lovers will die because they are "star-cross’d"‚ and it is their
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of ethical analysis because they are the viewpoints from which guidance can be obtained along the pathway to a decision. Each theory emphasizes different points such as predicting the outcome and following one’s duties to others in order to reach an ethically correct decision. There are three main kinds of ethical theory; deontology‚ utilitarianism and virtue ethics. Deontology meaning ’obligation’ or ’duty’ is an approach to ethics which says that the act of rightness or wrongness is not wholly
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1. Describe a time when you have organised an event. (This could be a large event‚ such as a party‚ or a small event‚ such as a gathering with friends.) What was the event‚ how did you organise it and what happened? Situation Last summer‚ my best friend’s birthday was approaching. I wanted to organise special birthday party for him in order to express daily’s appreciations. Target My target is organising a big party without telling him. I did not want him to have any doubts about my secrete
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[ 15 Marks] Questions 1: How would you describe McDonald ’s business strategy? What are the foundations of its competitive advantage? Answer: McDonald’s business strategy is a specialization strategy. The organization is built on a foundation that gives it a competitive advantage and a business strategy that is consistent‚ flexible‚ and specialized. McDonald’s niche market is people. According to the case study‚ people are the company’s most important asset and its success depends on the satisfaction
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5a. Describe a person you admire or who has influenced you a great deal “Music is a higher revelation than all wisdom and philosophy.” Ludwig Van Beethoven is one of the most famous and influential composers of all time. His works have been admired for over a century‚ and still affects many modern composers of our time‚ such as Scott Joplin‚ another infamous composer. In the beginning of his career‚ Beethoven was criticized for his unconventional work and his abnormal temper. However‚ he kept with
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Name- King Pluto How would you describe this character? From the story I can assume that King Pluto is a wealthy man that is looking for someone to take care of whatever he needs are. So every time a young lady passes by the seaside he comes from underground to take the young lady to his home to meet his wants and needs. How would you describe this character? The character’s attitude is very determined. Why? Because King Pluto wants a maid to meet his needs. My story takes place in approximately part
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Which was the most important in causing the Scientific Revolution? a) Renaissance b) Printing Explain your answers. Renaissance was important in causing the Scientific. This is so as the Renaissance artists made new discovery in nature. The intellectual who worked with the artisans during the Renaissance also created new technology and ideas. However‚ printing also played an important role in causing the scientific revolution as more books spread more knowledge around. The Renaissance artists
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During the long and arduous women’s rights campaign there were two main campaign parties‚ the Suffragists and the Suffragettes. These two parties and there overall aims were very well known throughout the British Empire and some of the tactics used were very brutal‚ but extremely effective. So to begin‚ the Suffragists were an extremely large group of women and some men who believed that the women of the British Empire should have the right to vote for who ran the country that they lived in. The
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