TAXATION OF INCOME TRUSTS IN CANADA: EFFECTS ON STRUCTURE‚ CONDUCT AND PERFORMANCE P. L. ARYA Abstract: Income trust as a business structure became increasingly popular in Canada since 2003. Income trust structure gave companies advantage of shifting their tax burden on to the investor. The investor‚ on the other hand‚ received steady and higher than the market rate of return on invested capital and also received capital gains in the form of ‘return of capital’. When large Canadian corporations
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Independence of outside audit firms has been an ongoing issue for a long time in the US corporate world. The fundamental problem arises for the lack of clarity about whom does the audit firm really works for‚ the shareholders or the client company. According to Anandarajan et all (2008)‚ this lack of clarity has resulted in auditor’s independence being impaired. In the US‚ the client hires‚ pays‚ and fires the auditor and therefore‚ the culture of the auditors serving at the pleasure of the client
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THE EFFECTS OF OWNERSHIP STRUCTURE AND BOARD EFFECTIVENESS ON FIRM PERFORMANCE: NEW EVIDENCE FROM KENYA Vincent O. Ongore‚ PhD Assistant Commissioner Kenya Revenue Authority P.O. Box 48240-00100‚ GPO Phone: + 254 (20) 310900 Mobile: +254 723854796 Nairobi. Email: Vincent.ongore@kra.go.ke Abstract Research on corporate governance is very thin on the role of owners on corporate performance‚ especially how risk-taking orientation of owners comes to bear on decision making processes of
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Capital structure decisions: To M&M and beyond Introduction Modigliani and Miller’s proposition one states that by introducing debt financing does not change the value of the firm or the value of the firm’s cash-‐flows but only the way that these cash-‐flows of the firm are split between its debt and
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ch. 16 question 15-1 CHAPTER 15 Capital Structure: Basic Concepts Multiple Choice Questions: I. DEFINITIONS HOMEMADE LEVERAGE a 1. The use of personal borrowing to change the overall amount of financial leverage to which an individual is exposed is called: a. homemade leverage. b. dividend recapture. c. the weighted average cost of capital. d. private debt placement. e. personal offset. Difficulty level: Easy MM PROPOSITION I b 2
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DEVELOPMENT AND SOCIETY Volume 35 Number 1‚ June 2006‚ pp. 107~123 A STUDY ON THE EFFECT OF INTERNET USE AND SOCIAL CAPITAL ON THE ACADEMIC PERFORMANCE* BAE YOUNG Soongsil University This study examined the condition of Internet use and social capital‚ as well as its effects on teenager’s academic performance. We analyzed survey data of 361 high school students. The study findings suggest that the Internet expands its reach to teenagers’ school life. First‚ students are more reliant on the Internet
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“THE SWAY OF ORGANIZATIONAL STRUCTURE ON PERFORMANCE IN THE GHANA CIVIL SERVICE” ABSTRACT This study examines organizational structures of the Civil Service‚ It impact on organization performance and to offer a possible alternative to the Ghana Civil Service existing organization structure. Hierarchy and its associations with status‚ feudalism‚ and power often leads to relentless rigidity. The structure and the array of job positions that took the foci away from
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DOES CORPORATE GOVERNANCE ENHANCE FIRM PERFORMANCE? BY: DR. RONALD IWU-EGWUONWU Introduction: Nations thrive on the performance of their economic units the major part of which are business firms that operate in their corporate jurisdictions. The quality of performance of these firms is of great interest to governments because by them a great amount of the degree of economic development seen in a country is achieved. Governments fund their annual budgets to a great extend by the amount of
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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 Titman McCombs School of Business
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An Appraisal of Dividend Policy and Capital Structure of Apex Tanneries Limited 1. Company Profile Apex tanneries has been setting standard in Bangladesh leather export industry since 1976.equiped with the state of the art Italian modern machinery and maintaining high quality strictness. Through the years its production has been progressively entailing a constant expansion of building and machinery .Annual production exceeds 23 million square meters and company sales turnover amount to
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