The Impact of two agency problems on the cost of capital Tung-Hsiao Yang* Current Version: September 10‚ 2008 * Assistant Professor of Finance‚ National Chung Hsing University‚ Department of Finance‚ No. 250‚ Kuo Kuang Rd.‚ Taichung 40227‚ Taiwan‚ tyang1@nchu.edu.tw. The author thanks National Science Council for financial support in this project‚ NSC96-2416-H-005-026. The Impact of two agency problems on the cost of capital Abstract We test the relation between the cost of capital
Premium Rate of return Cash flow Principal-agent problem
Problem People Face Daily People face problems in everyday life.Not all people and families have the same problem. In todays’s society‚ families have struggled to meet their financial needs.One of the most important is money problems.For instance some families live check by check every week. For example both parents need to work now days not unless the husband or wife is president or CEO of some sort in the company.Than perhaps there can be a stay home mom or dad but unfortunately
Premium Economics Unemployment Money
one of the most burning problems of nowadays. Now millions of chimneys‚ cars‚ buses‚ trucks all over the world exhaust fumes and harmful substances into the atmosphere. These poisoned substances pollute everything: air‚ land‚ water‚ birds and animals people. So‚ it is usually hard to breathe in the large cities where there are lots plants. Everything there is covered with soot and dirt. All these affect harmfully. Environmental pollution is one of the most acute problems of modern society. The Earth
Free Pollution Environmentalism
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
Premium Management Corporate governance Economics
Describe The Problems Associated With Conducting A Census Most countries are faced with many difficulties when attempting to conduct a census. There are physical factors such as the size and difficulties in getting to certain parts due to the terrain‚ wars and the climate. The social issues are the wealth of the country; many could simply not afford it. Language Barriers‚ the communication between a multi lingual society would be minimum and attempting to print a census in many different languages
Premium Demography Mountain Population
Chapter 3 Problems 1. Dental Delights has two divisions. Division A has a profit of $200‚000 on sales of $4‚000‚000. Division B is only able to make $30‚000 on sales of $480‚000. Based on the profit margins (returns on sales)‚ which division is superior? 3-1. Solution: Dental Delights Division A Division B [pic] Division B is superior 3. Bass Chemical‚ Inc.‚ is considering expanding into a new product line. Assets to support this expansion
Premium Generally Accepted Accounting Principles Balance sheet Financial ratios
How Do You Think the Problem of Priestless Parishes Should Be Addressed? Throughout Britain‚ Catholics living in rural areas have been hit hard by the vocations crisis. Inevitably the small fragile communities have been the first to lose their priests‚ but if current trends continue the big-city parishes may soon be facing similar problems. The bishops of England and Wales keep telling us this is the "age of the laity‚" but without priests to minister to us‚ the future looks bleak. In 2014‚ 49153
Premium Catholic Church Pope John Paul II Second Vatican Council
most decisive factors that can influence company’s success in a foreign market. Export modes 1In establishing export channels Carlsberg has to decide which functions will be the responsibility of external agents and which will be handled by the firm itself. While export channels may take many different forms‚ for the purpose of simplicity three major types may be identified: Indirect export: In this channel Carlsberg does not take direct care of exporting activities but instead they need to work
Premium Franchising Joint venture Contract
a)For what reason is the Problem of Evil a problem for religious believers? (9) Probably the most powerful reason against the existence of The Classical God of Theism (hereafter referred to as God) is evil and suffering in the world. The problem of evil is an ‘a posterori’ argument‚ established from experience based on empirical senses. It is also synthetic as evil and suffering can be seen around us daily. There are a number of possible reasons for the problem of evil and why it causes a problem
Premium God Philosophy of religion Problem of evil
assignment Subject option: 3 – concepts of structure and agency Total number pages: 12 Total number signs: 25.560 Student Julie Vulpius Gregersen CPR: 280887-1958 Table of contents Introduction………………………………………………..... ………………………………………2 Concepts of marginalization sociology………………………………………………………………2 Outline of the debate…………………………………………………………………………………4 Two attempts for a better conception………………………………………………………………...6 Relating structure and agency to the marginalization typology……………………………………...8 How is
Premium Sociology