SUMMARY Moral Hazard in Equity Contracts: The Principal-Agent Problem The separation of ownership and control involves moral hazard‚ in that the managers (the agents) may act in their own interest rather than in the interest of the stockholder-owners (the principals) because the managers have less incentive to maximize profits than the stockholder-owners do. Tools to Help Solve the Principal-Agent Problem Production of Information: Monitoring Stockholders engage in a particular type of information
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financial crisis banks were conviced that they we’re ｫ too big to fail ｻ Before the 2009 crisis‚ banks were conviced they were too important to fail in the sens that their importance in the market was such that the states could not afford to drop them. Indeed governements can’t let any bank fail because of systemic risk and the need to maintain the confidence in the market and between banks. So the banks favored the short-term profitability without thinking of the long term consequences of
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Geology of Northern Alaska Moore‚ T.E.‚ Wallace‚ W.K.‚ Bird‚ K.J.‚ Karl‚ S.M.‚ Mull‚ C.G.‚ and Dillon‚ J.T. (1994). Geology of northern Alaska‚ in Plafker‚ G.‚ and Berg‚ H.C.‚ eds.‚ The Geology of Alaska: Boulder‚ Colorado‚ Geological Society of America‚ The Geology of North America‚ G-1. Moore et al describes the overall geologic environment of northern Alaska. The authors explain that this region of Alaska is particularly unique in that it lies entirely north of the Arctic Circle and it
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Environmental Hazards Environmental hazards consist of cultural‚ biological‚ physical‚ and chemical hazards (Wright‚ Boorse‚ 2014). With a wide array of other hazards in each category there is plenty to choose from and makes one wonder why we continue to survive among so many potential hazards. I will be focusing on one type of hazard from each category to show what threats there are and a way to combat the threat. One example of a cultural hazard is smoking which accounts for over 400‚000 deaths
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Construction hazards • Working at height: XXX describes that working at height includes any workplace has the potential of personal fall of a distance that is sufficient to cause personal injury whether this workplace is at ground level or below it. However‚ most of the resources including XX_____XX mention any work activity which is 2 m and above from the floor surface as working at height. Falling is the major cause of accidental fatalities as it causes about 50% of the total fatalities in
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UPWARP zone A broad anticline with gently sloping limbs formed as a result of differential uplift. Zone of upwarp Mari-Khandkot high Jacobabad Khairpur high -Thatta- Hyderabad high -Tharparkar high DOWNWARP A segment of the earth’s crust that is broadly bent downward. Zones of downwarp and platform slope -Northern Punjab monocline -Southern Punjab monocline -Cholistan shelf -Panno Aqil graben -Nawabshah slop -Lower Indus trough -Nabisar slope The Jacobabad –Khairpur
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HAZARDS EXAMPLE PHOTO Lava flows burn and bury crops. Mount Merapi‚ Indonesia - More than 350 people were killed. An estimated 75‚000 residents had been evacuated from the area between October to November 2010. Ash falls ruin crops and machinery‚ disrupt transport‚ pollute the air and cause breathing difficulties. Mount Etna‚ Italy - Grapes needed to be washed individually before consumption to avoid ingesting fine ash. This effectively ruined the grape crop economically‚ even though the
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MAN-MADE HAZARDS A hazard is a forceful natural or man-made event with the potential to adversely affect human life and property‚ or the environment. Natural hazards are a normal consequence of the internal and external forces that are constantly transforming the earth (e.g.‚ earthquakes‚ hurricanes‚ tornadoes‚ volcanoes‚ etc.). Man-made hazards arise from deliberate human actions (e.g.‚ war‚ terrorism‚ humanitarian emergencies‚ etc.) that are usually predictable and preventable. They may also arise
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Five Paragraph Essay Sample--The Hazards of Moviegoing By John Langan Introductory paragraph(Thesis) I am a movie fanatic. When friends want to know what picture won the Oscar in 1980 or who played the police chief in Jaws‚ they ask me. My friends‚ though‚ have stopped asking me if I want to go out to the movies. The problems in getting to the theater‚ the theater itself‚ and the behavior of some patrons are all reasons why I often wait for a movie to show up on TV. First supporting
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The Hazards of Moviegoing By John Langan From College Writing Skills with Readings [pic] |Introductory |I am a movie fanatic. When friends want to know what picture won the Oscar in 1980 or who played the | |paragraph |police chief in Jaws‚ they ask me. My friends‚ though‚ have stopped asking me if I want to go out to the| |(Thesis) |movies. The problems in getting to the theater‚ the theater itself‚ and the behavior of some patrons are| | |all
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