MULTINATIONAL COST OF CAPITAL AND CAPITAL STRUCTURE LEARNING OBJECTIVES The specific objectives of this chapter are to: l explain how corporate and country characteristics influence an MNC’s cost of capital, explain why there are differences in the costs of capital among countries, and explain how corporate and country characteristics are considered by an MNC when it establishes its capital structure. l l An MNC finances its operations by using a mixture of fixed interest borrowing and equity
Words: 19422 - Pages: 78
SOUTHWEST AIRLINES CO. 2013 ANNUAL REPORT TO SHAREHOLDERS To our Shareholders: Our goals for 2013 were ambitious. We wanted to stay on track with our five Strategic Initiatives described below. We wanted to maintain our strong Brand, unique Culture, and award-winning Customer Service. We wanted to sustain our strong ontime performance and baggage handling. Finally, we wanted to improve our cost performance, achieve our profit requirement, and return value to our Shareholders. Just like in 2011
Words: 66668 - Pages: 267
Why is becoming an entrepreneur a growing trend in today’s job market? Robert L. Patton Jr. EBM587 Strategic Business Marketing April 8, 2012 Introduction Why is becoming an entrepreneur a growing trend in today’s job market? Answering the aforementioned question is the purpose of this paper, and the premise of the research thus conducted. In order to answer and address this issue, it is first necessary to examine different aspects of entrepreneurship, as well as, current market
Words: 5674 - Pages: 23
The American Civil War is said to be “the last ancient war and the first modern war.” One of the last wars with mass cavalry units and the first war which railroads placed a major part. This was a difficult time for the North and South, not only were they fighting a Civil War, they were adjusting to new inventions. They have gone from horse-drawn carriages to railroads, medical practices that had barely changed in a hundred years; were now treating wounds caused by new inventions. This would
Words: 3685 - Pages: 15
Commercial Paper Thomas K. Hahn C ommercial paper is a short-term unsecured promissory note issued by corporations and foreign governments. For many large, creditworthy issuers, commercial paper is a low-cost alternative to bank loans. Issuers are able to efficiently raise large amounts of funds quickly and without expensive Securities and Exchange Commission (SEC) registration by selling paper, either directly or through independent dealers, to a large and varied pool of institutional
Words: 9131 - Pages: 37
The media’s watching Vault! Here’s a sampling of our coverage. “For those hoping to climb the ladder of success, [Vault’s] insights are priceless.” – Money magazine “The best place on the Web to prepare for a job search.” – Fortune “[Vault guides] make for excellent starting points for job hunters and should be purchased by academic libraries for their career sections [and] university career centers.” – Library Journal “The granddaddy of worker sites.” – U.S. News & World Report “A killer app.”
Words: 71250 - Pages: 285
our primer, we have reorganized the chapters to highlight the different investment options within CMBS. New material since our last edition includes sections on the various types of AAA CMBS classes, total rate of return swaps, floating rate large loan transactions, and an updated version of the commercial mortgage default study. We hope you find this book useful and welcome comments so that we can improve future editions. FIFTH EDITION 2005 Transforming Real Estate Finance A CMBS Primer
Words: 93545 - Pages: 375
CHAPTER ONE INTRODUCTION 1.1 Background of the Study Many people in developing countries neither have their own bank accounts nor are they able to take out loans, transfer money or insure their families against risks such as illness, accident or death. In most cases, access to these financial services that are so central to sustainable development are either denied or made very difficult. Consequently, people frequently have no choice but to resort to local moneylenders who charge usurious rates
Words: 20209 - Pages: 81
most often has to do with the degree of autonomy. A sales agency, sometimes referred to simply as an “agency,” usually is not an autonomous operation but acts on behalf of the home office. The agency may display and demonstrate sample merchandise, take orders, and arrange for delivery. The orders typically are filled by the home office because a sales agency usually does not stock inventory. Merchandise selection, advertising, granting of credit, collection on accounts, and other aspects of operating
Words: 14556 - Pages: 59
True b. False 1035. The work-related expenses of an independent contractor will be subject to the 2%-of-AGI floor. a. True *b. False 1036. After she finishes working at her main job, Ann returns home, has dinner, then drives to her second job. Ann may deduct the mileage between her home and second job. a. True *b. False 1037. After the automatic mileage rate has been set by the IRS for a year, it cannot later be changed by the IRS. a. True *b. False 1038. In choosing between
Words: 9947 - Pages: 40
