17/07/2013 Finance Semester 2‚ 2013 Seminar 1 Introduction to finance & ethics in finance Ross et al. chapter 1. These powerpoint slides have been adapted from Frank Finn Professor of Finance Tom Smith’s (UQ) teaching material of “Three key finance ideas of valuation” and Dr. Scott McCarthy’s teaching material. 1 What is Finance? • Every business is a process of acquiring and disposing assets: real assets and financial assets. • Finance is a science of valuation and management
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Discussion Introduction We are currently surveying All Nippon Airways Co. (ANA). According to the article‚ in 2012‚ All Nippon Airways is planning to raise $2.6 billion (£1.6 billion) by selling new shares. Their focus is to buy new planes and to bolster its finances as it faces a resurgent rival in Japan Airlines. This is a type of expansion plans for them. Through this offering of new shares‚ All Nippon Airways is able to promote investment in strategic aircraft which have high economic efficiency
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British airways‚ as a stakeholder it plays an important role in the development of the firm whereas it is also crucial to assess the stakeholder for maintaining the long-term relationships. There are three main connection features‚ which drives the value of the stakeholders. This essay will map British Airways stakeholders as well as the ethical concerns it has dealt with from its different stakeholders Background of British Airways The group of British airways comprises of British airways plc and
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The table given below represents the marginal valuation of a beekeeper (collecting honey) and an orchard farmer (producing mangoes). The beekeeper’s opportunity cost reflects the loss in honey collection resulting from the usage of the same orchard again and again. Table 1 Days used Total honey value ($) Marginal honey value ($) Beekeeper’s opportunity cost ($) Total value of mangoes ($) Marginal value of mangoes ($) 1 18 18 2 10 10 2 23 6 2 17 7 3 27 5 2 23 6 4 30 3 2 28 5 5 32 2 2 32 4
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Liggins III‚ the CEO at the time of the merger talks and Scott Royster‚ the CFO of Radio One‚ continued to expand their radio station throughout the Eastern US‚ even going further north‚ like Detroit‚ MI. In May 1999‚ Liggins led the company to its IPO and by the end of their fiscal year Radio One‚ Inc. recorded a $81.7 million in net revenue‚ defined as revenue from local and national advertising less agency commissions. This was equivalent to an average growth rate of 51% over three years. In 1992
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References: Books / Articles British Airways‚ (2012)‚ Our strategy and objectives‚ annual report and accounts 2011/2012 British Airways‚ (2011)‚ Our strategy and objectives‚ annual report and accounts 2010/2011 British Airways‚ (2010)‚ Our strategy and objectives‚ annual report and accounts 2009/2010 British Airways‚ (2009)‚ Our strategy and objectives‚ annual report and accounts 2008/2009 British Airways‚ (2008)‚ Corporate Responsibility‚ annual report and accounts 2007/2008
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Valuation of Common Stock Ashok Banerjee Common (Equity) Stocks • Because common stock never matures‚ today’s value is the present value of an infinite stream of cash flows (i.e.‚ dividend). • But dividends are not fixed. • Not knowing the amount of the dividends—or even if there will be future dividends— makes it difficult to determine the value of common stock. • So what are we to do? Valuation Models • Dividend Valuation Model (DVM): – Constant dividend: Let D be the constant DPS: The required
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Journal of Finance‚ 49 (1994)‚ 57–79. Chemmanur‚ T. J.‚ and Y. Jiao. “Seasoned Equity Issues with ‘Soft’ Information: Theory and Empirical Evidence.” Working Paper‚ Boston College (2005). Chemmanur‚ T. J.‚ and I. Paeglis. “Management Quality‚ Certification‚ and Initial Public Offerings.” Journal of Financial Economics‚ 76 (2005)‚ 331–368. Chevalier‚ J.‚ and G. Ellison. “Are Some Mutual Fund Managers Better Than Others? Cross-Sectional Patterns in Behavior and Performance.” Journal of Finance‚ 54 (1999)
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278765231140 IE University Entrepreneurship and Innovation Andrea Castillo C Julia LeuchtgensAdriana Lima Case Study: Ryanair 1) What’s your assessment of Ryanair’s launch strategy? In 1986‚ the Ryan siblings are getting ready to start competing against British Airways and Aer Lingus on the Dublin-London route. This route was one of the most traveled air routes inEurope‚ which meant that Ryanair was taking a big risk by deciding to enter this market. At the moment the airline passenger market
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September 24 2013 Patryk Nikoniuk Introduction This report provides information about Scotia Airways‚ small‚ private airline based in Glasgow. It pays attention mostly to the management side of the company highlighting major strengths and weaknesses while offering some explanation for observed changes. This report will contain also recommendations for control strategy‚ outline of company’s stakeholders and explanation of Open System Theory. Illustrate the relationship
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