APPLIED CORPORATE FINANCE A MO RG A N S TA N L E Y P U B L I C AT I O N In This Issue: Capital Structure‚ Payout Policy‚ and the IPO Process The Capital Structure Puzzle: The Evidence Revisited 8 Michael Barclay and Clifford Smith‚ University of Rochester Do Managers Have Capital Structure Targets? Evidence from Corporate Spinoffs 18 Vikas Mehrotra‚ University of Alberta‚ and Wayne Mikkelson How To Choose a Capital Structure: Navigating the Debt-Equity Decision 26 and
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agents to X (Smith‚ 2007‚ p. 232). In arguing in support of externalism‚ my main focus will be on Smith’s first internalist claim which he names ‘the practicality requirement on moral judgment.’ I take this approach because Smith insists that externalists who deny his second internalist claim‚ ‘rationalism‚’ are still able to accept his practicality requirement claim; however‚ the reverse does not hold because rationalism entails the practicality requirement (Smith‚ 2007‚ p.
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John Locke‚ an Englishman who lived from 1632 to 1704‚ promoted some of the most influential ideas of the Enlightenment. He pioneered the idea that humans are naturally good‚ and are corrupted by society or government to becoming deviant. Locke described this idea in hisAn Essay Concerning Human Understanding as the tabula rasa‚ a Latin phrase meaning blank slate. The idea was not original to him‚ however. In fact‚ Locke directly took the idea from a Muslim philosopher from the 1100s‚ Ibn Tufail
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INTRODUCTION Karl Marx‚ also a philosopher was popularly known for his theories that best explained society‚ its social structure‚ as well as the social relationships. Karl Marx placed so much emphasis on the economic structure and how it influenced the rest of the social structure from a materialistic point of view. Human societies progress through a dialectic of class struggle‚ this means that the three aspects that make up the dialectic come into play‚ which are the thesis‚ antithesis and the
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The Term "Genetically Modified (GM) foods" refers to crops produced for human or animal consumption using the recombinant DNA techniques. The world population is growing in a fast pace such that it is expected to double in the next 50 years. Supplying food to this growing population is a major challenge. GM foods can be considered as the major solution for the food security. These foods are produced by the modification of crop plants in the laboratory to enhance desired traits‚ mainly biotic and
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what is already there. Will Smith is an actor but have you always wondered why he wanted to be an actor. Willard Christopher Smith‚ Jr was not always an actor but merely a rapper. Yes its true he was not always an actor he was a rapper for some of his life. If you want to Find out read my Biography. Throughout life people will make you mad‚ disrespect you and treat you bad. Let God deal with the things they do‚ cause hate in your heart will consume you too. Will Smith was born on September 25‚ 1968
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Montgomery bus protest of 1955 was a major historical event in the long history of Black Civil Rights in America. Black civil rights issues date back to the 16th century when the first Dutch settlers began transporting slaves to the south of America. The causes of the Montgomery bus boycott include slavery‚ violence towards blacks‚ Jim Crow Laws as well as the stories of people like Emmett Till and Rosa Parks. Consequences of this historical event are both short term and long term including the changing
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Freud and Marx Marx and Freud both discussed the issues surrounding civilization‚ communism and freedom. The philosophers at times agree‚ and at other times disagree regarding the reasons for civilization‚ but for the most part‚ their ideas regarding liberty complement each other. Freud believes that man is innately aggressive‚ whereas Marx believes that men are naturally good. This difference in beliefs is the basis for their differing points of view about civilization. Both philosophers believe
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Food shortage‚ world hunger‚ and starvation are three reasons as to why scientists have decided to modify foods. GM foods are a new genetically modified way to "improve" crop production‚ but these new improvements are not as helpful as scientists planned them to be. GM foods should play no role in the global food supply because GM foods have no beneficial role within humans lives. GM foods were supposed to be made to benefit humans lives‚ and help to make more plants to give to the people. Instead
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Short Paper 2 “How would Aristotle respond to Utilitarianism?” How would Aristotle respond to Utilitarianism? The Definition of “Utilitarianism” is an ethical theory holding that the proper course of action is the one that maximizes the overall "good" of the greatest number of individuals. It is thus a form of consequentialism‚ meaning that the moral worth of an action is determined by its resulting outcome. The most influential contributors to this theory are considered to be Jeremy Bentham
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