country and culture in one way or another since the beginning of the last century. The company was originally named the Edison General Electric Company‚ and when it merged with the Thomson-Houston Company in 1892 it was renamed the General Electric. What essentially began in a barn in 1900 with the first lab at GE has grown the company to a point where it is the stock to watch for 2008. Under Charles Steinmetz‚ GE’s chief engineer‚ it began years of innovation that still continues. Today‚ GE Global
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acknowledged. This project was partly funded by a European Community MED-CAMPUS program research grant. (Multinational Finance Journal‚ 2001‚ vol. 5‚ no.2‚ pp. 87–112) ©Multinational Finance Society‚ a nonprofit corporation. All rights reserved. 1 Shareholder Wealth Effects of Dividend Policy Changes in an Emerging Stock Market: The Case of Cyprus* Nickolaos Travlos ALBA‚ Greece‚ and Cardiff Business School‚ U.K. Lenos Trigeorgis University of Cyprus‚ Cyprus‚ and University of Chicago‚ U.S.A. Nikos
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maximize shareholders wealth means to maximize purchasing power. Throughout the years‚ we have learned that markets are most efficient when the company is able to maximize at the current share price. Every company’s main goal should be to strive to maximize its value to every single one of their shareholders. Common stock represents the value of the market price‚ and it also gives the shareholder an idea of the different investment‚ financing‚ and dividend decisions made by that particular firm. When
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SHAREHOLDER WEALTH MAXIMISATION: SUMMARY ‘Business Finance’ assumes that the objective of a company is to maximise shareholder wealth. This means that companies should attempt to maximise the value of the shareholders’ investment in the company. This is achieved by maximising ‘Total Shareholder Returns’: dividends and share price appreciation. The most powerful basis for understanding and measuring shareholder wealth is the ‘economic valuation model’‚ under which the value of the shareholders’
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Miles and Snow have produced a typology of business-level strategies. As opposed to corporate-level strategy‚ i.e.‚decisions related to what businesses should the firm be in‚ business-level strategy is related to how the organization competes in a given business (Hambrick‚ 1983). Miles and Snow proposed that firms in general develop relatively stable patterns of strategic behaviour in order to accomplish a good alignment with the perceived environmental conditions. Their typology involves four strategic
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from Anti Essays‚ your source for free research papers‚ essays‚ and term paper examples. 1. The goal of the firm should be the maximization of profit. (True/False) TRUE It should be FALSE. The goal of the firm should be maximization of shareholder wealth. 2. For the risk-averse financial manager‚ the more risky a given course of action‚ the higher the expected return must be. (True/False) TRUE 3. The corporation is the best form of organization in terms
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Finance & Accounting‚ 29(7) & (8)‚ Sept./Oct. 2002‚ 0306-686X Dividend Imputation and Shareholder Wealth: The Case of New Zealand Andrew Prevost‚ Ramesh P. Rao and John D. Wagster* 1. INTRODUCTION Effective from April 1‚ 1988‚ New Zealand changed its existing two-tier `classical ’ dividend taxation regime to full dividend imputation. Corporate income is now only taxed once rather than at both the corporate and shareholder level. Concurrently‚ the New Zealand tax code was revised‚ reducing the top personal
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Applications of Yosso’s Community Cultural Wealth Model Yosso’s Community Cultural Wealth model is made up of a multitude of resources held by various groups of color and minorities; it acts as a form of ’resilience’ against many types of systematic oppression. It was created with the thought in mind that‚ capital doesn’t only mean financial income‚ other types of capital exist that can hold value as well. With that in mind it is important to distinguish the difference between the two. Income is
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NBER WORKING PAPER SERIES DO SHAREHOLDERS OF ACQUIRING FIRMS GAIN FROM ACQUISITIONS? Sara B. Moeller Frederik P. Schlingemann René M. Stulz Working Paper 9523 http://www.nber.org/papers/w9523 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 February 2003 We are grateful to Harry DeAngelo and Ralph Walkling for useful comments. The views expressed herein are those of the author and not necessarily those of the National Bureau of Economic Research. ©2003 by Sara
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Managers are hired to act on behalf of the shareholders of a firm. However‚ this is not always the case as both parties have different objectives. The difference in interests between shareholders and managers ‘derives from the separation of ownership and control in a corporation’ (Berk and DeMarzo‚ 2011: 921). Whereas shareholders are interested in maximising their own wealth‚ managers may have more personal interests which differ to that of the shareholders. Downs and Monsen (no date‚ cited in Chin
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