Page 1 FOCUS - 1 of 3 DOCUMENTS Mondaq Business Briefing November 7, 2006 Canada: Why Bernie Ebbers is Serving a 25-Year Jail Sentence BYLINE: By Garfield Emerson LENGTH: 6613 words 1. Background On September 26, 2006, Bernard J. Ebbers ("Ebbers"), the former Chief Executive Officer of WorldCom, Inc. ("WorldCom"), reported to a federal prison in Oakdale, Louisiana, to begin serving his 25-year jail sentence from his conviction by a jury on nine counts of conspiracy, securities fraud
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Bonaccio and Dalal (2006) Jacobson, Dobbs-Marsh, Liberman, and Minson (2011) Liberman, Minson, Bryan, and Ross (2012) Jensen and Meckling (1976) Jensen (1986) Mayers (2001) 2 25/02/2014 04/03/2014 2 3 3 : , , 11/03/2014 18/03/2014 4 5 Eisenhardt and Martin (2000) Teece (2007) 4 25/03/2014 01/04/2014 6 7 March (1991) O’Reilly and Tushman (2004) Gupta, Smith, and Shalley (2006) Godes and Mayzlin (2009) Edelman (2010) Guinan, Parise, and Weinberg (2011) Libai and Nitzan
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Impact of Environmental Factors on Marketing Decisions of Costco Wholesale Corporation Environmental factors consist of all the factors and activities which have a considerable impact on the running of the business. Environmental factors have a powerful impact on the normal functioning of the any business, especially in the marketing decisions (Pagell & Halperin, 2000). These factors pose challenges and threats to the success of any business. In order to deal with such environmental factors
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Adjusted present value Wadia Haddaji February 20, 2008 • Topics: 1. Adjusted present value. • Readings: 1. Brealey, Myers and Allen, section 20.4. 1 The Adjusted-Present-Value Rule • Recall that we can write the value of a levered firm as the value of an otherwise identical all-equity firm and the value of its financing decisions: V = VU +NPV(financing decisions). • It is then obvious to define the APV of a project as the sum of its NPV to an all-equity firm and the PV of the associated financing
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Eastern Asian Enterprise Structures and tlie Comparative Analysis of Forms of Business Organization Richard D. Whitley Abstract Richard D. Whitley Manchester Business School, Manchester, U.K. The economic success of different forms of business organization in East Asian countries emphasizes the variety of viable enterprise structures and suggests the need for a comparative analysis of how they develop and operate in different societal contexts. Major differences between East Asian business
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which operates its business relatively similar to DSH's have been taken selected in this relative valuation. DSH is a major retailer of consumer electronics for offices, mobility and entertainment products. Out of nine comparable companies given, only Myer Holdings Limited (MYR) and Game Stop Corp. (GME) were identified not to be similar to DSH, GME primarily sells products related to electronic games and MYR retails a wide range of merchandise including apparels, cosmetics, electronics and furniture
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financial economics also generally accepts shareholder wealth maximization as the normative and ideal goal on which all business decisions should be based. A quick survey of several corporate finance textbooks reveals this approach (Brealey and Myers (2003), Brigham and Ehrhardt (2002), Moyer, McGuigan and Kretlow
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Capital Budgeting Net Present Value Theoretical Background The capital budgeting decision is basically based on a cost-to-benefit analysis (Chatfield & Dalbor, 2005). The cost of the project is the net investment and the benefits of the project are the net cash flows. Comparison of these constituents ultimately leads to project acceptance or rejection. As suggested by Bester (nd.), there are many advantages to using net present value as a capital budgeting evaluation technique. Some being
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1.INTRODUCTION Cursory observation would prove that child labour has increase in Nigeria since the late 1980s.To this end the increase may be related to the changing socio economic structure of the country. It is in this light that this paper seeks to relate the massive increase in the incident of child labour In Nigeria the mid 1980s.Globalisation should be seen as an encompassing process with implications for different sections of socio life (see Anugwom, 2001). Therefore, globalization significantly
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UV0402 Rev. Apr. 8, 2014 APPLYING THE CAPITAL ASSET PRICING MODEL This note discusses how some of the most financially sophisticated companies and financial advisers estimate the cost of equity capital. We particularly focus on areas where finance theory is silent or ambiguous, and practitioners are left to their own devices. Conclusions are based on interviews with two groups: (1) well-regarded firms ranked by peer companies as industry leaders and (2) a sample of 11 of the most active
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