African Journal of Business Management Vol. 5(15)‚ pp. 6527-6540‚ 4 August‚ 2011 Available online at http://www.academicjournals.org/AJBM DOI: 10.5897/AJBM11.1012 ISSN 1993-8233 ©2011 Academic Journals Full Length Research Paper Capital structure and financing decision - Evidence from the four Asian Tigers and Japan Kuang-Hua Hsu1* and Ching-Yu Hsu2 1 Department of Finance‚ Chaoyang University of Technology‚ Taiwan‚ Republic of China 168 Jifong E. Road.‚ Wufong District‚ Taichung City
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The Capital Structure of Chinese Companies 1. Introduction Capital structure is considered as a way to determine how a corporation financing its assets by issuing debt or equity. If the firm is entirely financed by the common equity‚ then it is so called an unlevered firmed‚ and its whole cash flow belong to its stockholders. If the firm financed both debt and equity‚ then it is so called a levered firm‚ and its cash flow will first goes to debt holders and then to stockholders. According to Brealey
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Characteristics of a perfectly competitive market structure The four main characteristics of a perfectly competitive market are as follows: A large number of small firms‚ identical products sold by all firms‚ no barriers on entry or exit and perfect knowledge of prices and technology. These characteristics mean that a perfectly competitive firm is unable to exert control over the market‚ as a large number of perfect substitutes exist for the output produced by any given firm. The demand curve
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The Armstrong Production Company is an industry-leading firm in the field of manufacturing synthetic building materials for homes and commercial structures‚ based near St. Louis. Armstrong was fortunate in its initial stages to quickly secure inexpensive funding in the form of developmental loans issued by the State of Illinois‚ and thus was able to break even within three years of its founding in the early 1970s. Able to pour resources into its research and development segment‚ riding on the increasing
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Business Structures Glenn Wilson Boerstler‚ II FIN/571 Corporate Finance August 18‚ 2014 Professor Susanne Elliot A business can be organized in one of several ways‚ and the form its owners choose will affect the company’s’ and owners’ legal liability and income tax treatment. Business structures are selected based on the type of business and the intentions of the owner or owners. According to the Small Business Administration‚ there are six types of business structures that are based on the needs
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business. Everything that happens in the company from the daily operation to the legal obligations are controlled by one individual. Sole Proprietorship Advantages: • Convenience - Usually the least costly to begin. Sole proprietorships are easy to start up. They entail acquiring the proper licenses and permits. Regulations very from industry‚ state‚ and county. There is no administrative configuration. • Control- Owners are permitted to organize the company in the way they prefer. All choices about
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A New Kind of Structure 1. Describe and evaluate what Pfizer is doing. What Jordan Cohen has created at Pfizer is a network organization. It’s a form of the boundaryless organization structure where company employees concentrate on the important aspects of the job‚ i.e. those elements that are related to the company’s core competencies‚ and other tasks are outsourced to another organization. 2. What structural implications—good and bad—does this approach have? (Think in terms of the six organizational
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Business Structures Ruth Whitehead FIN/571 February 23‚ 2015 Oscar Lewis Business Structures Three types of business structures exist; Partnership‚ Sole Proprietorship‚ and Corporation. Essential deliberations are dimensions of the commercial‚ the method in which revenue from the trade is a tax‚ the lawful obligation of the proprietors‚ and the capability to obtain monies to fund the business. Few businesses start-up as a large capacity organization. All business structures have advantages and
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3A The Structure of Cells Monday‚ September 30‚ 2013 • Cytology ○ Cyto = cell ○ Logos = study of • Background ○ 1665 Robert Hook’s Micrographia § Was studying cork cells ○ 1833 R. Brown § Discovered nucleus ○ 1838 M. Schleiden § Said that all plants consist of cells ○ 1839 T. Schwann § All animals consist of cells ○ 1855 Virchow § Cells come only from preexisting cells • The Cell Theory ○ Cells are the structural units of all living things
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position to find out its overall efficiency and capabilities that are helpful for creating more values for the organization. Here‚ Tesco PLC has superior competitive advantages in case of its internal strength and external opportunities. Here‚ the company has a lot of supporting factors though the recent competitors like Wall Mart and Carrefour are the biggest threats for the organization. Tesco is increasing its business in different Asian countries that has developed its opportunities for being
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