Partners and Affiliates • Contact Paper 4 - Working Capital Management and Firm Performance Working Capital Management and Firm Performance: An Analysis of Ghanaian Oil Marketing Firms Solomon Kwasi Kyei University of Ghana Business School solokyei@ymail.com Purpose: Businesses face ever increasing pressure on costs and growing financing requirements as a result of intensified competition in globalised markets. Many of them therefore consider ways of making themselves more efficient. In
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CHAPTER 18 VALUATION AND CAPITAL BUDGETING FOR THE LEVERED FIRM Answers to Concepts Review and Critical Thinking Questions 1. APV is equal to the NPV of the project (i.e. the value of the project for an unlevered firm) plus the NPV of financing side effects. 2. The WACC is based on a target debt level while the APV is based on the amount of debt. 3. FTE uses levered cash flow and other methods use unlevered cash flow. 4. The WACC method does not explicitly include the interest cash
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Chapter - I Introduction of the study 1.1 Introduction The management of any firm is interested in knowing the strengths and weakness of the firms. They would like to spot out the financial weakness of the firm to take suitable corrective actions. The future plans of the firms should be laid down in view of the firm should be laid down in view of the firm’s financial analysis is the starting point for making plans before using any sophisticated forecasting and planning procedures. The
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Library Briefing Library of the European Parliament 23/09/2013 Corporate tax avoidance by multinational firms In this briefing: The scale of Member States’ (MS) losses through the increasingly aggressive use of tax-avoidance schemes by multinational companies (MNCs) is difficult to estimate‚ but is considered serious. Press reports have highlighted the low tax paid by well-known‚ very successful companies. The tax reduction methods used by MNCs have been well known for decades. They include transfer
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“Primark Fires child Worker Firms” UK clothing firm Primark has fired three Indian suppliers because they used child labour to finish goods. The suppliers sub-contracted smaller firms‚ which were using child labour to carry out embroidery and sequin work. The BBC’s Panorama programme‚ which carried out a six-month investigation‚ alerted Primark to the problems. Consumers are increasingly demanding that companies produce goods in an ethical manner‚ turning the spotlight on worker wages and
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Initial Public Offering for a Global Firm Introduction Initial Public Offering is a rigorous process where a firm decides to go public in order to enable it raise capital for the company that will enable it to fund its operations such as expansion plans‚ generate profits as well as make its investors happy. For the IPO to go successfully there are a number of important factors and players that come into consideration. These include investment bankers‚ underwriters‚ pricing‚ demand and supply among
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Corruption exists in almost all firms‚ public or private‚ even though there are many risks involved since it is a “necessity” for being competitive according to business statistics. Numerous companies join the bandwagon to engage in corruption because it seems as if that’s the only way ‘things get done’ and firms will remain in business. The firms which do not engage in fraud will be at a disadvantage compared to the other companies which are corrupted. Last but not the least‚ the company officials
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dabznal心gement 1991 Vol. 17 No. 1 99-120 ‚ ‚ ‚ Firm Resources and Sustained Competitive Advantage JayBarney 海’xas A&M University Understanding sources of sustained competitive advantage has become a major area of research in strategic management‚ Building on the assumptions that strategic resources are heterogeneously distributed across firms and that these d，胡erences are stable over time‚ this article examines the link betweenfirm resources and sustained conψeti tive advantag，ι
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established firms have not been successful in capitalising on this blessing in disguise. This article analysed the internal behaviour of firms to suggest palatable insights as to why firms fall victim to architectural innovation‚ with reasons such as rigid communication channels and information filter system. However‚ I believe that this phenomenon can also be evaluated from a broader perspective‚ depending on the circumstances in the industry and the position of a firm. For leading firms‚ they will
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this model assumes that firms within an industry (or within a strategic group) may be heterogeneous with respect to the bundle of resources that they control. Second‚ it assumes that resource heterogeneity may persist over time because the resources used to implement firms’ strategies are not perfectly mobile across firms (i.e.‚ some of the resources cannot be traded in factor markets and are difficult to accumulate and imitate). Resource heterogeneity (or uniqueness) is c onsidered a necessary
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