A review of capital structure theories 1.0 Introduction One of the most contentious financial issues that have provoked intense academic research during the last decades is the theory of capital structure. Capital structure can be defined as a ’Mix of different securities issued by a firm’ (Brealey and Myers‚ 2003). Simply speaking‚ capital structure mainly contains two elements‚ debt and equity. In 1958‚ through combining tax and debt factors in a simple model to price the value of a company‚
Premium Finance Investment
Capital Structure In finance‚ the term “capital structure” refers to the way a firm finances its assets. Generally speaking‚ there are two main forms of capital structure: debt financing and equity financing (Cumming 52; Myers‚ 83). Each type has its own advantages and disadvantages‚ and an essential task for the successful manager of a firm is to find an optimal capital structure in terms of risk and reward for stockholders. When making decisions that affect capital structure‚ managers must be
Premium Debt Finance Corporate finance
* JSA Title: | Steel Structure Erection | Date: | 3 February 2010 | * Project Name: | JIHAR DEVELOPMENT PROJECT (Stage 3 ) | Project No: | JI-191 | Work Location: | JIHAR GTP | Permit/s Required: (circle below) | Additional PPE Requirements:(list on pre-start) | * Special Tools or Equipment Required(e.g. gas detection‚ fall protection‚ ventilation fans‚ lighting‚ high pressure water blasting‚ scaffolding etc) | | Confined
Premium Occupational safety and health
INTRODUCTION Many organizations today have responded to the competitive business environment by implementing e-business as part of their business strategies. With the growth of the internet‚ it is inevitable for banks to move towards providing online banking for their customers. Although the current branch based retail banking remains the most common method for conducting banking transactions‚ internet technologies has changed the way personal financial services are designed and delivered to customers
Premium Bank Online banking Authentication
This paperwork MGT 415 Week 2 Discussion Questions on the topic "Communication Breakdown and Valuing Diversity" comprises an answer on the following problem: "Communication Breakdown. In separate paragraphs complete the following: a) Recount past situations where you experienced a substantial breakdown in communication within a group. b) Identify the communication barrier(s) at work. (For example‚ problems with communication can popup at every stage of the communication process‚ which consists of
Premium Communication Culture Writing
THE IMPLICATIONS OF CAPITAL STRUCTURE THEORY AND REGULATION FOR SOUTH AFRICAN BANKING INSTITUTIONS By WESLEY NAIDU Submitted in partial fulfillment of the requirements for the degree MAGISTER COMMERCII in FINANCIAL MANAGEMENT SCIENCES In the FACULTY OF ECONOMIC AND MANAGEMENT SCIENCES At the UNIVERSITY OF PRETORIA SUPERVISOR: Prof. JOHANNES HvH DE WET November 2011 -i- ABSTRACT The topic of capital structure has been one that has plagued the academic world for a number of years
Premium Finance Capital structure Corporate finance
How to prepare a good research proposal When applying for a research grant or a study scholarship‚ you are expected to hand in a "detailed and precise description of study or research proposal as well as information on any previous study or research projects of particular relevance to a decision of award." The purpose of the proposal is to ensure that the candidates have done sufficient preliminary reading/research in the area of their interest that they have thought about the issues involved
Premium Scientific method
Creating a Competitive Salary Structure INTRODUCTION Each employee in an organization is paid a salary. Salaries vary greatly‚ with executives earning as much as (or greater than) 100 times an entry-level employee’s salary. This variation is not by chance. It is rationally established through a salary structure – a hierarchy of salaries. Organizations develop this structure based upon internal factors (such as current rates‚ job relationships‚ and custom) and external factors (such as labor
Premium Employment Wage Salary
At-risk Youth At-risk youth face more serious and critical risks than any other previous generation. According to the NRPA definition: “at-risk youth are youth who are‚ or have the potential to be‚ influenced negatively by family‚ environment or peers and social factors that deter positive mental and social growth.” Also could be those who are in lack of financial resources or do not have the ability to affect a positive change within their environment‚ family or economic status. As well
Free Family High school Self-esteem
MP A R Munich Personal RePEc Archive Risk management in Islamic banks Helmy‚ Mohamed ESLSCA Business School 20. April 2012 Online at http://mpra.ub.uni-muenchen.de/38706/ MPRA Paper No. 38706‚ posted 09. May 2012 / 10:37 ESLSCA Business School Risk Management in Islamic Banks By Mohamed Helmy Ahmed Master of International Business Administration Finance Supervisor Dr.Khalil Abo Ras Academic Year : 2012 0 Table of content Acknowledgement Abstract Chapter
Premium Islamic banking Risk Operational risk