Research Paper Series No. FIN-03-06 A Dynamic Model of Optimal Capital Structure Sheridan Titman McCombs School of Business The University of Texas at Austin e-mail: titman@mail.utexas.edu Sergey Tsyplakov Moore School of Business The University of South Carolina‚ Columbia‚ SC This paper also can be downloaded without charge from the Social Science Research Network Electronic Paper Collection: http://ssrn.com/abstract/332042 A Dynamic Model of Optimal Capital Structure∗ Sheridan
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The proposed model consists of two building blocks. One is a multi-level approach‚ viewing culture as a multi-level construct that consists of various levels nested within each other from the most macro-level of a global culture‚ through national cultures‚ organizational cultures‚ group cultures‚ and cultural values that are represented in the self at the individual level‚ as portrayed. The second is based on Schein’s (1992) model viewing culture as a multi-layer construct consisting of the most
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having the most fun.” ~ Duke Kahanamoku The term culture refers to "the meanings that people learn from and share with each other" (MacPherson‚ Curtis & Loy 1989 p249). Surfing culture originated in Hawaii and was a spiritual way of life for thousands including Hawaiian Royalty. Surfing was a way of life for these seafaring people and formed an integral part of their society (MacPherson‚ Curtis & Loy 1989 p249). The surf culture includes the people‚ language‚ fashion‚ and lifestyle surrounding
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Indian Leadership Culture Indian culture is a curious conglomeration of beliefs‚ some which are religious‚ and some which are demographic in nature. The challenge is to strike a balance between the seemingly conflicting demands of the various groups of people. The composition of the Indian Armed Forces in general and the Indian Navy in particular‚ reflects India’s diversity. Any ship or establishment‚ irrespective of size would invariably have personnel hailing from diverse religious‚ linguistic
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Introduction The corporate community has blazed a trail of leadership in the business world. The pervasive influence of the corporate principles has resulted in the emergence of a corporate culture. This culture defines the businesses contained within it. Even though each business unit expresses its own personality on the economic environment‚ the corporate culture always describes the general financial climate. Nevertheless‚ the businesses within a given industry have a say as to how the industry
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of Leadership Models and their Influence on Educational Leadership Pamela Le University of Phoenix An Analysis of Leadership Models Although there is no conclusive‚ comprehensive definition of leadership‚ there has been advances in researching leadership theories that have been uncovered and carried out over the last 200 years. In the late 1800s‚ the trait theory permeated the leadership theory. The World War era saw the beginning of the contingency/situation leadership theories
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Cultures: Theoretical Models Walden University Cross-Cultural psychology examines human activities in various cultural settings‚ by engaging several approaches. Some of these approaches were self evident from the course video dealing with the Thailand women cultural wear of brass neck shackles. Evolutionary Perspective The culture of wearing brass neck shackles by the Thailand women is described by the relative evolutionary factors affecting human behavior. Charles Darwin’s theory of evolution
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Abstract This paper seeks to analyze contemporary leadership models and practices from the perspective of innovation in a global environment. Assess the behaviors that drive innovation and how leaders can use those behaviors to create innovative organizations and assess what leaders of innovation do to shape organizational culture and processes. Introduction Innovation is defined as the lifeblood of our global economy and a strategic priority for virtually
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and provides an upward focus for growth‚ draws someone underneath in upward development of their growth‚ while also providing mentoring friend peers that come alongside. The Constellation Model provides immense protection‚ sheltering‚ and shielding from the harmful ways of this world. In the Constellation Model of mentoring all four types of mentors (upward‚ downward‚ internal‚ and external) are needed throughout a lifetime no matter the stage of life or development a person is
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LEADERSHIP MODELS University of Phoenix Information Systems Strategy and Leadership LDR 712 Student February 27‚ 2006 Abstract According to Horner (1997)‚ "In some cases‚ leadership has been described as a process‚ but most theories and research on leadership look at a person to gain understanding." According to Wren (2004)‚ "People found advantages to forming and working together in groups." (p. 6). Classical Leadership started approximately the early 1800 ’s around the time of the
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