Part I – Perfect capital markets‚ capital structure and cost of capital (15 points) GP Corp. has common stock with a market value of $200 million and riskless debt with a value of $100 million. Investors expect a 15% return on the stock and a 6% return on the debt. Assume perfect capital markets without any taxes. a) Suppose GP issues $100 million of new stock to buy back the debt. What is the expected return of the stock after this transaction? (4 points) b) Suppose instead GP issues $50 million
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African situation‚ South Africa is known as a developing post-colonised country. Corporate governance is “a particularly salient issue in emerging markets attempting to compete for investors and capital with established markets where investors are less concerned about the quality of corporate governance practices” (Andreasson‚ 2002: 2).This statement rules out the possibility of a “comply or else” approach to corporate governance‚ and as a result “comply or explain” approach is the most suitable approach
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This package offers many concessions in service charges‚ interest rates on loans‚ etc. to employees of Corporates and Institutions which include Schools‚ Colleges‚ Universities‚ Government establishments/ organizations‚ Service organizations such as Hospitals‚ Hotels‚ Transport Corporations etc. The Package can be specially customized depending upon the business relationship that the Corporate / Institute has with the Bank. CRITERIA • Minimum 25 Employees • Minimum Gross Monthly income Rs
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TITLE : CORPORATE GOVERNANCE COMPANY NAME : AIR ASIA GROUP MEMBER AIRASIA BERHAD COMPANY PROFILE Established in 1993 and commence operations on 18 November 1996. Established with the dream of making flying possible for everyone Originally founded by a government-owned conglomerate‚ DRB-COM. Bought by former Time Warner executive‚ Tony Fernandes ’s company Tune Air Sdn Bhd on 02 Dec 2001 COMPANY PROFILE –Cont‘ Malaysian Low- cost airline Largest
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Corporate crimes are crimes committed by corporate officials that are in the interest of the corporation. They can be hard to detect and can include embezzlement‚ falsifying financial statements and bribery. Three main factors were made to assist in understanding the theory of corporate crime‚ such as the drive for profit. This is important because all companies want to pursue making money in any way possible‚ yet some choose illegal and deceitful actions as others do not. Using the structure of
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Utilising the video case study of Egg Finance’ (Slave Nation‚ Channel 4)‚ critically examine the extent to which corporate culture is used as an effective tool for the achievement of organizational goals. Corporate Culture is widely used in many organisations and has a variety of definitions. It has been defined by Koozes‚ Caldwell & Posner cited by Moorhead/Griffin‚ (1989:494) as: "a set of shared‚ enduring beliefs communicated through a variety of symbolic media‚ creating meaning in people’s
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Working Paper Series British Airways and Balmer’s AC3ID Test of Corporate Brand Management Professor John M T Balmer Dr Helen Stuart Working Paper No 04/26 July 2004 The working papers are produced by the Bradford University School of Management and are to be circulated for discussion purposes only. Their contents should be considered to be preliminary. The papers are expected to be published in due course‚ in a revised form and should not be quoted without the author’s permission. W O R
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J Bus Ethics (2012) 106:229–241 DOI 10.1007/s10551-011-0992-9 The Effects of Corporate Ethical Values and Personal Moral Philosophies on Ethical Intentions in Selling Situations: Evidence from Turkish‚ Thai‚ and American Businesspeople Janet Marta • Anusorn Singhapakdi • Dong-Jin Lee • Sebnem Burnaz • Y. Ilker Topcu M. G. Serap Atakan • Tugrul Ozkaracalar • Received: 19 December 2010 / Accepted: 3 August 2011 / Published online: 21 August 2011 Ó Springer Science+Business Media B.V. 2011
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Corporate Restructuring is the corporate management term for the act of reorganizing the legal‚ ownership‚ operational‚ or other structures of a company for the purpose of making it more profitable‚ or better organized for its present needs. Alternate reasons for restructuring include a change of ownership or ownership structure‚ demerger‚ or a response to a crisis such as positioning the company to be more competitive‚ survive a currently adverse economic climate‚ or poise the corporation to move
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Does the Corporate Governance Maximise Shareholders’ Wealth? | ITV PLC | | | | | Introduction/Key Objectives The main purpose of this report is to find out whether Corporate Governance (CG) does maximise shareholders’ wealth within a selected company. ITV PLC is the selected company for this report; their Annual Report (AR) 2011 will be used for statistical evidence. Also‚ existing theories will be applied to ITV PLC for qualitative evidence. Recommendations and advice will be given
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