Financial Leverage: Financial leverage is a leverage created with the help of debt component in the capital structure of a company. Higher the debt‚ higher would be the financial leverage because with higher debt comes the higher amount of interest that needs to be paid. Leverage can be both good and bad for a business depending on the situation. If a firm is able to generate a higher return on investment (ROI) than the interest rate it is paying‚ leverage will have its positive effect shareholder’s
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Molyneux‚ P. (2009)‚ “Market Value‚ Book Value and Earnings: is Bank Efficiency a Missing Link?”‚ Managerial Finance‚ Vol. 35 No 2‚ pp. 156-179. Ali Samadi Kan‚(2008)‚Modern Operational Risk Management. Ang‚ J. and Clark‚ J. (1997)‚ “The Market Valuation of Bank shares with Implications for the Value Additively Principle”‚ Financial Markets‚ Institutions and Investments‚ Vol. 6‚ New York University Salmonn Center‚ pp. 1-22. Basel Committee on Bank Supervision (2001) „Operational Risk” www.bis.org Bejenaru
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AN EVALUATION OF THE FINANCIAL AND BUSINESS PERFORMANCE OF CAL BANK (GHANA) LIMITED BETWEEN DECEMBER 31‚ 2005 AND DECEMBER 31‚ 2007. 1. INTRODUCTION 1.1 The topic chosen The topic is Evaluation of the financial and business performance of CAL Bank Limited between December 31‚ 2005 and December 31 2007. Financial and business performance evaluation involves a critical analysis of a company’s business activities and its financial results. Such analysis helps stakeholders to understand how
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IMPACT OF INFORMATION TECHNOLOGY ON NIGERIAN BANKING SECTOR (A CASE STUDY OF ZENITH BANK NIG. PLC) MURTALA MOHD WAY KANO BRANCH BY ANWAR HASSAN SPS/08/SMS/02856 IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF THE AWARD OF POST GRADUATE DIPLOMA IN BAYERO UNIVERSITY KANO. July‚ 2010 CERTIFICATION PAGE This is to certify that_________________________________ Name:- Anwar Hassan Exam No:- SPS/08/SMS/02856 SUPERVISOR :- DR. MOHD LIMAN SIGNATURE:- __________________________ DEDICATION
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Overview of Corporate Governance Corporate Governance is more than just corporate management. In broader sense‚ it includes a fair‚ efficient and transparent administration to meet certain well defined objectives. It is a system of structuring‚ operating and controlling a company with a view to achieve long term strategic goals to satisfy shareholders‚ creditors‚ employees‚ customers and suppliers and complying with the legal and regulatory requirements‚ apart from meeting environmental and local
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BASEL III AND ABOLITION OF UNIVERSAL BANKING MODEL – IMPLICATION FOR NIGERIAN BANKS Introduction: In the aftermath of the economic recession which pulled down many global banks and exposed multiple weaknesses in regulation and banking structures‚ the Basel Committee on Banking Supervision agreed to new rules on the minimum level (capital ratio) and composite structure of Banks capital on the 12th of September‚ 2010. Broadly speaking‚ the new rules which are widely referred to as Basel III (and are
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CHAPTER ONE INTRODUCTION 1. BACKGROUND OF THE STUDY Business development in the 19th Century gave birth to the concept of Limited Liability Company‚ hereby ownership is separate from management. This concept was initially vague‚ but was quickly made explicit and popular by the celebrated case of Solomon Vs. Solomon and Col. Ltd. Uzochukwu (2004)‚ said that in an attempt to bridge the information gap between the shareholders on one hand and the
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CORPORATE GOVRERNANCE AND FINANCIAL PERFORMANCE CASE STUDY: ROOFINGS GROUP 1.0 INTRODUCTION Corporate governance is concerned with ways in which all parties interested in the well-being of the firm (the stakeholders) attempt to ensure that managers and other insiders take measures or adopt mechanisms that safeguard the interests of the stakeholders. Such measures are necessitated by the separation of ownership from management‚ an increasingly vital feature of the modern firm. A typical firm
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Retail Banking & Evaluation of Financial Performance of Axis Bank (Summer Internship Report) From 30th June To 10th August Submitted to: Submitted by:Training Supervisor: Ashish Jain Shridhonkar Mr. Nishpap PGDM (07-09) ~2~ Sales Manager (07-II711) Axis Bank Limited‚ Gwalior ACKNOWLEDGEMENT Summer training is one of the most vital and active part of the curriculum of management students. Its basic idea behind this is to strengthen the student’s concept through practical training and
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Journal of Applied Corporate Finance W I N T E R 1 9 9 6 V O L U M E 8. 4 On Financial Architecture: Leverage‚ Maturity‚ and Priority by Michael J. Barclay and Clifford W. Smith‚ Jr.‚ University of Rochester ON FINANCIAL ARCHITECTURE: LEVERAGE‚ MATURITY‚ AND PRIORITY by Michael J. Barclay and Clifford W. Smith‚ Jr.‚ University of Rochester n an article published in this journal a year ago‚ we reported the findings of our study of corporate financing and payout policies covering some
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