the firm. Economica‚ 4: 386 – 405. Child‚ J. (1994). Management in China during the age of reform. London: Cambridge University Press. Conner‚ K. R.‚ & Prahalad‚ C. K. (1996). A resource-based theory of the firm: Knowledge versus opportunism. Organization Science‚ 7(5): 477–501. Davies‚ H.‚ Leung‚ T.‚ Luk‚ S.‚ & Wong‚ Y. (1995). The benefits of guanxi. Industrial Marketing Management‚ 24: 207–214. Davis‚ G. F.‚ Dickmann‚ K. A.‚ & Tinsley‚ C. H. (1994). The decline and fall of the conglomerate firm in
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will discuss the small firm effect as an anomaly which counter-argues the efficient market hypothesis in relate to the capital assets pricing model. Furthermore‚ the supporting evidence and influence of this anomaly will be included in the essay. Moreover‚ the reason of existence and profitability will be discussed. At last‚ a conclusion about whether or not to use this anomaly earn profit will be provided. Explanation of small firm effect and its methodologies Small firm effect refers to a situation
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DIVERSIFICATION AND FIRM PERFORMANCE: AN EMPIRICAL EVALUATION Anil M. Pandya and Narendar V. Rao Abstract Diversification is a strategic option that many managers use to improve their firms’ performance. This interdisciplinary research attempts to verify whether firm level diversification has any impact on performance. The study finds that on average‚ diversified firms show better performance compared to undiversified firms on both risk and return dimensions. It also tests the robustness of these
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Managerial theories of the firm Managerial theories of the firm place emphasis on various incentive mechanisms in explaining the behaviour of managers and the implications of this conduct for their companies and the wider economy. According to traditional theories‚ the firm is controlled by its owners and thus wishes to maximise short run profits. The more contemporary managerial theories of the firm examine the possibility that the firm is controlled not by its owners‚ but by its managers‚ and
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themed thriller starring Tom Cruise and Gene Hackman‚ The Firm was one of the movies revolving around Partnership and the related laws. Mitch McDeere‚ played by Tom Cruise‚ is a newly employed associate at Bendini‚ Lambert & Locke and a graduating law student from Harvard. Although gladly absorbed by the company through tempting salary packages‚ McDeere finds out the firm’s illegal activities causing him to be in action. Generally‚ The Firm is not only a partnership concern. It includes related laws
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A brokerage firm‚ or simply brokerage‚ is a financial institution that facilitates the buying and selling of financial securities between a buyer and a seller. Brokerage firms serve a clientele of investors who trade public stocks and other securities‚ usually through the firm’s agent stockbrokers.[1] A traditional‚ or "fuAn investment brokerage firm is a commercial enterprise‚ which functions like an helps its clients in multiple aspects. An investment brokerage firm acts as an intermediary between
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for the best supplier/partner/customer‚ the cost of establishing a supposedly "tamper-proof" contract‚ and the costs of monitoring and enforcing the implementation of the contract. Transaction cost theorists asserts that the total cost incurred by a firm can be grouped largely into two components—transaction costs and production costs. Transaction costs‚ often known as coordination costs‚ are well defined as the costs of "all the information processing necessary to coordinate the work of people and
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Throughout my career‚ I have established a reputation as a substantive contributor to the companies with which I have been affiliated. I had the opportunities to perform effectively in leadership roles‚ independent basis‚ and as part of a team. In short‚ I am confident that my decision to become a Paralegal has enabled me to make worthy and longstanding contributions to the company‚ staff‚ and above all‚ the beneficiaries. As a result‚ this is why I like my job. It’s been my passion for promoting
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the late 1990’s‚ Gucci portrayed the characteristics of a firm with a differentiated business-level strategy. Gucci provides value to their customers with high quality luxury goods which consist of unique product features in relation to their rival competitors. One example of Gucci’s distinct quality is the prestigious image of their brand name using the famous “GG” logo on their items. Gucci is a successful firm in the luxury goods industry with many resources and capabilities
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a conventional start‚ perhaps it would be worth our while to look at what "capital structure" actually means. In broad terms‚ it is essentially the firms ’ mix of debt and equity but it would be wrong to assume that this is all there is to it. These two terms belie the complexity that lies beneath‚ from the viewpoint of the decisions that any firm must take - that is to say‚ what kind of debt and which type of equity. Capital structuring would then‚ deal with how a concern splits its cash flows
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