Rights of Shareholders. Introduction: A shareholder is an individual or company that legally owns one or more shares of stock in that company. Shareholders are the owners of companies. A small business may have just one shareholder‚ the founder‚ while a public company may have thousands of individual and institutional shareholders‚ such as mutual fund companies‚ pension funds and hedge funds. Shareholders play an important role in the financing‚ operations‚ governance and
Premium Stock market Stock Shareholder
THE JOURNAL OF FINANCE • VOL. LXI‚ NO. 4 • AUGUST 2006 Corporate Financial Policy and the Value of Cash MICHAEL FAULKENDER and RONG WANG∗ ABSTRACT We examine the cross-sectional variation in the marginal value of corporate cash holdings that arises from differences in corporate financial policy. We begin by providing semi-quantitative predictions for the value of an extra dollar of cash depending upon the likely use of that dollar‚ and derive a set of intuitive hypotheses to test empirically
Premium Stock market Stock Investment
| SHAREHOLDERS WEALTH MAXIMIZATION | 10/11/2010 About GSK - Our company Established in the year 1924 in India GlaxoSmithKline Pharmaceuticals Ltd. (GSK Rx India) is one of the oldest pharmaceuticals company and employs over 3500 people. Globally‚ we are a USD 45 billion‚ leading‚ research-based healthcare and pharmaceutical company. In India‚ we are one of the market leaders with a turnover of Rs. 1860 crore and a share of 5.2 per cent*. At GSK‚ our mission is to improve the quality of
Premium Stock Stock market Corporate finance
Effective Communication in Business Meetings The great management guru Peter Drucker once said‚ “Business communication is all about understanding what has not been said.” Especially today business communication is one of important factors to be successful in the changeling business environment because during opened working environment one can meet lots of others for discussing but how to make an effective communication in business meetings? There are some of factors to impact deeply on result
Premium Management Communication Regulatory Focus Theory
BASED ASSIGNMENT - O M3.33 – EFFECTIVE MEETINGS FOR MANAGERS THE PURPOSE OF AN AGENDA An agenda is usually prepared by the chair person or secretary and / or is derived from minutes from a previous meeting. The agenda is there to highlight the purpose of the meeting and to ensure the roles and responsibilities of the attendees is clearly communicated‚ to enable control and effectiveness of the proceedings. An agenda should include the structure of the proposed meeting which will enable attendees
Premium Management Meeting Regulatory Focus Theory
Effective Communication in a Business Meeting It probably started with the juice of some wild berries‚ a stick‚ a cave wall and an artistic Cro-Magnon hunter presenting his ideas to his tribe for the next day ’s hunt. 2.5 million years later‚ we still conduct meetings to bring everyone up to date‚ gather feedback‚ or invite suggestions. The business communities have embraced the teamwork mentality of coordinating projects and the sharing of ideas. Business meetings can range between two people
Premium Meeting Management Communication
WORK-BASED ASSIGNMENT - M3.33 Effective meetings for managers An agenda ( I have included a copy of a company agenda for reference) is prepared by the secretary prior to a meeting and details items to be discussed within the meeting. The purpose of the agenda is to ensure the chairperson has a clear purpose of what is to be achieved from the meeting‚ allow all attendees to prepare for the meeting. This gives all attendees a clear format to work from and ensures that companies time and resources
Premium Management Distribution Meeting
Chapter 158 Distributions to Shareholders: Dividends and Repurchases ANSWERS TO END-OF-CHAPTER QUESTIONS 158-1 a. The optimal distribution policy is one that strikes a balance between dividend yield and capital gains so that the firm’s stock price is maximized. b. The dividend irrelevance theory holds that dividend policy has no effect on either the price of a firm’s stock or its cost of capital. The principal proponents of this view are Merton Miller and Franco Modigliani (MM). They
Premium Dividend Stock market Corporate finance
widely used concepts in finance is that shareholders require a risk premium over bond yields to bear the additional risks of equity investments. While models such as the two-parameter capital asset pricing model (CAPM) or arbitrage pricing theory offer explicit methods for varying risk premia across securities‚ the models are invariably linked to some underlying market (or factor-specific) risk premium. Unfortunately‚ the theortical models provide limited practical advice on establishing empirical estimates
Premium Investment Interest Financial markets
Kuala Lumpur‚ 3rd – 4th September 2007. Commodity Murabahah Programme (CMP): An Innovative Approach to Liquidity Management By: Dr. Asyraf Wajdi Dusuki * Department of Economics Kulliyyah of Economics and Management Sciences International Islamic University Malaysia P.O. Box‚ 50728 Kuala Lumpur Malaysia Tel: +00 603 6196 4664 Fax: +00 603 6196 4850 Email: asyraf.w@iiu.edu.my Abstract Liquidity is an important characteristic of banks. By their very nature‚ banks transform the term of their liabilities
Premium Sharia Bank Islamic banking