ISSN 0021−3624/2012 $9.50 + 0.00 DOI 10.2753/JEI0021-3624460210 Global Imbalances and Financial Crisis: Financial Globalization as a Common Cause Yan Liang Abstract: Global imbalances and global financial instability are tightly connected and can be traced to a common cause‚ that is‚ financial globalization within the current monetary and financial system. The paper argues that financial globalization contributes to global imbalances by impeding real exchange adjustments‚ inducing export-led
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Equity Valuation Lecture Map Definitions of Value Book value‚ Liquidation value‚ Intrinsic value‚ Market value Dividend discount models Constant-growth Multi-stage growth Value Metrics and Determinants of Value Current earnings and growth P/E Lesmond 1 Book Value of Equity The firm’s equity value‚ or stock value‚ is stated right on the firm’s books This is NOT the market value of equity Book value per share of Equity is the value of common equity on the books‚ divided
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New Jersey: Simon & Schuster Company. Frank‚ A. (2010). Climatic Change. Climate Change‚ Intergenerational Equity and International Law: An Introductory Note‚ 327-35. Friend‚ J. P. (1973). Chemistry of the Lower Atmosphere. New York: Plenum Press. Graedel‚ T. E. (1978). Chemical Compounds in the Atmosphere. New York‚ NY: ACADEMIC PRESS‚ INC. Hansen‚ J. E. (1989). The Challenge of Global Warming. Washington: Island Press. Heicklen ‚ J. (1976). Atmospheric Chemistry. New York : Academic Press. Hudson
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Internal and External Equity Comparisons Organizations that has the drive to flourish in a market that is very competitive must have a compensation plan that is well designed and inspires its employees‚ has benefit programs‚ guarantees equity‚ and handles compensation costs. These plans should mirror the culture of its employees. Organizations have numerous of options when designing a compensation plan comes into play‚ and must consider how the options they have chosen will be suitable for their
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Best Practice BY DANIEL J. ISENBERG The Global Entrepreneur A new breed of entrepreneur is thinking across borders – from day one. FOR A CENTURY AND MORE‚ companies have ventured abroad only after establishing themselves at home. Moreover‚ when they have looked overseas‚ they haven’t ventured too far afield‚ initially. Consumer healthcare company Johnson & Johnson set up its first foreign subsidiary in Montreal in 1919 – 33 years after its founding in 1886. Sony‚ established in 1946‚ took 11
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Brand equity is considered a key indicator of the state of health of a brand‚ and its monitoring is believed to be an essential step in effective brand management (Aaker‚ 1991‚ 1992). Both researchers (e.g. Shocker et al.‚ 1994) and practitioners (e.g. Biel‚ 1992) have argued for the importance of understanding the concept of brand equity. Country of origin is another important variable influencing consumer perceptions of brands (Hulland‚ 1999) and brand images (Ahmed et al.‚ 2002). In the present
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E15-1 (Recording the Issuances of Ordinary Shares) during its first year of operations‚ Sitwell Corporation had the following transactions pertaining to its ordinary shares. Instructions 1. (a) Prepare the journal entries for these transactions‚ assuming that the ordinary shares have a par value of €3 per share. 2. (b) Briefly discuss how the entries in part (a) will change if the shares are nopar with a stated value of €2 per share. E15-2 (Recording the Issuance of Ordinary and Preference Shares)
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“Global Warming – Global Warming For Mankind” Global warming is the continuing rise in the average temperature of Earth’s atmosphere and oceans. Global warming is caused by increased concentrations of greenhouse gases in the atmosphere‚ resulting from human activities such as deforestation and burning of fossil fuels. The effects of global warming are that increasing global temperatures are causing a broad range of changes. Sea levels are rising due to thermal expansion of the ocean‚ in addition
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Company Background Global Crossing Limited (GC) is an example of what may occur when there are failures to properly audit financial statements and internal controls. This scandal happened around the same time as the Enron scandal. In early 2002‚ the GC bankruptcy was the fourth largest in the U.S. history. In 2005‚ it settled with the SEC‚ having been determined that it did not comply with numerous accounting laws. ABOUT THE COMPANY GC‚ founded in 1997 by Gary Winnick‚ was a telecommunications
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YEARS MAKING MA RK S ET CTION BE TT FUN ER GLOBAL RESEARCH & ANALYTICS Volume 3 | November 2012 GLOBAL ECONOMY CRISIL Insights IMF lowers global growth projections The CRISIL Insights Global Economy series will represent our outlook on the financial scenario across the world and provide a perspective into how it will shape up in the near future. Growth prospects in both advanced and emerging economies continue to remain fraught with downside risks. A worsening
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