THE THEORY OF FINANCIAL INTERMEDIATION: AN ESSAY ON WHAT IT DOES (NOT) EXPLAIN by Bert Scholtens and Dick van Wensveen SUERF – The European Money and Finance Forum Vienna 2003 CIP The Theory of Financial Intermediation: An Essay On What It Does (Not) Explain by Bert Scholtens‚ and Dick van Wensveen Vienna: SUERF (SUERF Studies: 2003/1) ISBN 3-902109-15-7 Keywords: Financial Intermediation‚ Corporate Finance‚ Assymetric Information‚ Economic Development‚ Risk Management‚ Value Creation‚ Risk
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INTRODUCTION TO FINANCIAL STRATEGIES OF A COMPANY It is important for a business to have a clear financial strategy. This is true for both new companies and those with a long history. The strategy constitutes your company ’s guiding principles in all its financial decisions. Different scenarios demand varying strategies for the business. Of course the strategy must be re-evaluated whenever the business undergoes changes in its financial circumstances. Factors involved When you plan your
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Ethical Theories Sheri Wernert BUS 670: Legal Environment Professor Gentry December 19‚ 2010 Ethical Theories In every day life a person is bound to have ethical issues that must be decided. This is also true for the business world. With cases evolving each day of unethical companies such as Enron ethics is now being viewed as an important part of training for many companies. Which ethical theory to follow depends on the individual and there are many theories to be considered. How
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Microsoft’s Financial Reporting Strategy 1. What are the factors that likely explain the difference between Microsoft’s market value of equity and its reported book value of equity? One of the factors that explain the difference between Microsoft’s market value of equity and its reported book value of equity is the lack of effectiveness to record certain intangible assets such as stock of knowledge (i.e.‚ human capital) customer loyalty‚ and brand value. These former intangible assets mentioned
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1． Does the fact that David Myers’ superior‚ Scott Sullivan‚ asked him to make the false accounting entries in WorldCom’s Accounting records diminish Myers’ responsibility for his improper conduct? Defend your answer. I don’t think David Myers’ responsibility for improper conduct diminishes even he is asked by his superior‚ Scott Sullivan. Scott Sullivan has his own fraud because he agreed and goes along with false accounting entries that eventually become part of an 11 billion fraud. Scott will
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How Leadership Influences Organizational Effectiveness Leadership is definitely not a ‘one-size-fits-all’ sort ofword. It is one of those words that is ceaselessly debatedand typically elicits a spectrum of individual opinions‚ from describing personality attributes‚ ‘position’ characteristics‚or even behaviors. Whatever the arena – sports‚ politics‚ religion‚ business – a leader impacts and influences organizational effectiveness. The million-dollar question‚ then‚ is how does leadership impact
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ONE FINANCIAL MANAGEMENT : AN OVERVIEW |Question : What do you mean by financial management ? | Answer : Meaning of Financial Management : The primary task of a Chartered Accountant is to deal with funds‚ ’Management of Funds’ is an important aspect of financial management in a business undertaking or any other institution like hospital‚ art society‚ and so on. The term ’Financial Management’
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QUESTION 1 a. Outline the objective and the principles of a theory that prescribes fair value accounting. Fair value accounting is to measure selected assets at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The objective of fair value accounting is linked with the objective of ‘decision usefulness’ of general purpose financial reporting. That is‚ to provide relevant information that
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INTRODUCTION Myer is Australia’s largest department store chain. It was founded by Sidney Myer in 1900. Myer offers a broad range of merchandise from clothing to furniture and bedding to travel goods. This report will first …. 1.0 MESSAGE REVIEW 1.1 CURRENT MESSAGE STRATEGY The current tagline of the Myer department chain reads as ‘Myer is my store’. This has been their tagline since 2006 and‚ through television and other media advertising‚ is now a well-known Australian catchphrase together
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Elijah Health Center Finance Strategies Danielle Claitt HCS/405 April 13‚ 2013 Maria Aurora Makalintal-Torio University of Phoenix The Elijah Heart Center (EHC) is a health care organization that specializes in cardiac care. The facility has equipment suitable to perform a full spectrum of cardiovascular services. EHC provides outpatient services for non-invasive procedures as well as clinical care. However‚ Elijah Heart Center is suffering from a severe financial deficit that may destroy
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