be answered in regards to international relations first. Are states obsolete? For almost four hundred years‚ the territorial state has been the primary player in world politics. To achieve state sovereignty has been the main goal of most nationalistic separatist movements. In some points of view‚ the territorial state is in very good health. It is still needed to provide military security‚ give people identity‚ raise taxes‚ and provide for the needy. Although‚ as global trends put pressure on nations
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INTRODUCTION The turmoil in the international financial markets of advanced economies‚ that started around mid-2007‚ has exacerbated substantially since August 2008. The financial market crisis has led to the collapse of major financial institutions and is now beginning to impact the real economy in the advanced economies. As this crisis is unfolding‚ credit markets appear to be drying up in the developed world India‚ like most other emerging market economies‚ has so far‚ not been seriously affected
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EXAMINATION PAPER OF INTERNATIONAL FINANCIAL MANAGEMENT Section A: Objective type Part One: 1). Foreign exchange market in India is relatively very Answer: b). Small 2). Balance of payment is a systematic record of all ___________ during a given period of time. Answer: c). Economic Transactions 3). Merchandise trade balance‚ services balance & balance on unilateral transfer are the part of _________ account. Answer: a). Current Account 4). Interest rate swaps can be explained
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UDC: 658.14 Keywords: determinants of capital structure – extent of leverage – listed companies in the Czech Republic Determinants of Capital Structure Empirical Evidence from the Czech Republic Patrik BAUER* The modern theory of capital structure was established by Modigliani and Miller (1958). Thirty-seven years later‚ Rajan and Zingales (1995‚ p. 1421) stated: “Theory has clearly made some progress on the subject. We now understand the most important departures from the Modigliani and
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CHAPTER 1 INTRODUCTION 1.1 Introduction HSBC Holdings plc is a British multinational banking and financial services company headquartered in London‚ United Kingdom. It is the world’s second largest bank. It was founded in London in 1991 by the Hongkong and Shanghai Banking Corporation to act as a new group holding company. The origins of the bank lie in Hong Kong and Shanghai‚ where branches were first opened in 1865. The HSBC name is derived from the initials of the Hongkong and Shanghai Banking
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1.0 INTRODUCTION The global financial crisis‚ brewing for a while‚ really started to show its effects in the middle of 2007 and into 2008. Around the world stock markets have fallen‚ large financial institutions have collapsed or been bought out‚ and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems. On the one hand many people are concerned that those responsible for the financial problems are the ones being bailed
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Group Case Study “Microsoft’s Financial Reporting Strategy” Microsoft’s Financial Reporting Strategy ABSTRACT 2 This case study examines the factors explaining the difference between Microsoft’s market value of equity to book value of equity and overall financial reporting strategies employed at the firm. We analyzed financial information dating from 1985 to 1999 and 2011 annual report provided by Microsoft. We found factors explaining market value of equity are perceived risk and future cash
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Answers Fundamentals Level – Skills Module‚ Paper F7 (INT) Financial Reporting (International) 1 (a) December 2008 Answers Pedantic Consolidated income statement for the year ended 30 September 2008 $’000 98‚000 (72‚000) ––––––– 26‚000 (3‚000) (7‚600) (500) ––––––– 14‚900 (5‚400) ––––––– 9‚500 ––––––– Revenue (85‚000 + (42‚000 x 6/12) – 8‚000 intra-group sales) Cost of sales (w (i)) Gross profit Distribution costs (2‚000 + (2‚000 x 6/12)) Administrative expenses
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Listing of Securities Chapter Objectives To understand the concept of listing of securities To know the criteria for listing shares To learn the listing procedure To understand the concept of delisting Concept of Listing of Securities It means the admission of shares of a public limited company on the stock exchange for the purpose of trading. A company intending to have its shares listed on the stock exchange has to write an application to one or more recognised stock
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Microsoft’s Financial Reporting Strategy Q1. What are the factors that likely explain the equity and its reported book value of equity? Question 1 2 3 4 5 6 1999 Market Capitalisation: USD 460 Billion Book Value: USD 28 Billion MVE more than 16 times of BVE! Factor 1 Question 1 2 3 4 5 6 Intangible Assets • BVE does not reflect certain intangible assets’ value such as brand‚ customer loyalty‚ and human capital – Likely to provide tremendous earnings growth
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