discussion of the classic ownermanager conflict, adds minority versus majority shareholders conflict where more concentrated ownership structures takes place (La Porta, López-de-Silanes, & Shleifer, 1999; Villalonga & Amit, 2009; Young, Peng, Ahlstrom, Bruton, & Jiang, 2008). This new agency problem, socalled, principal-principal, is particularly salient in emerging markets, where weak governance rights and underdeveloped institutions may account for high levels of ownership concentration (Dharwadkar,
Words: 14854 - Pages: 60
48 Foreign-Market Entry Strategies in the European Union Kyle Stiegert, Archie Amir Ardalan, and Thomas Marsh This study utilized intra-firm, socio-cultural, geographical-proximity, and political-stability variables to explain bimodal foreign direct investment (FDI) patterns by agri-food and beverage multinational companies into and within the European Union. A logit framework incorporated a unique-count database of firm-level investment patterns from 1987–1998. The results showed the 1992 structural
Words: 7034 - Pages: 29
ENTERING A NEW MARKET IN B2B ENVIROMENT: Understanding the B2B Dynamics Seminar Report ii ABSTRACT With the rise of globalization and saturated local markets, many companies started chasing international opportunities that would help them expand to new countries and increase their brand recognition around the globe. One of the challenges that companies face while entering a new market is defining the right price and pricing of their offering to be competitive and successful in the market. In B2B
Words: 5613 - Pages: 23
International Business Review 7 (1998) 135–150 A generalized double diamond approach to the global competitiveness of Korea and Singapore H. Chang Moona,*, Alan M. Rugmanb, Alain Verbekec a Graduate Institute for International & Area Studies, Seoul National University, Seoul 151–742, South Korea b Templeton College, University of Oxford, Oxford OX1 5NY, UK c Solvay Business School, University of Brussels (V.U.B.), Brussels, Belgium Abstract Globalization is very important for small economies
Words: 5854 - Pages: 24
NONLINEAR PRICING STRATEGIES AND MARKET CONCENTRATION IN THE AIRLINE INDUSTRY A Dissertation by MANUEL A. HERNANDEZ GARCIA Submitted to the Office of Graduate Studies of Texas A&M University in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY August 2009 Major Subject: Economics UMI Number: 3384249 All rights reserved INFORMATION TO ALL USERS The quality of this reproduction is dependent upon the quality of the copy submitted. In the unlikely event that
Words: 15948 - Pages: 64
customer data of sufficient quality is not available, it may be necessary to rely on management estimates or industry data. Probability of retention is important because it will have a huge impact on customer value and goodwill impairment. The following table will illustrate how different retention rates can affect goodwill impairment. For the next step, we will ask management for historical customer attrition data or other support to confirm the accuracy of the 75% retention rate assumed. Retention
Words: 954 - Pages: 4
case later in the course. 2. In answering the questions below, pay careful attention to the distinction between Marriott’s current capital structure and its target capital structure. Please answer the following questions in your write-up: 1. What is the WACC for the Marriott Corporation? Use the data in the case to estimate the risk free rate and market risk premium. 2. What would be the result if Marriott used the same single corporate hurdle rate to evaluate investment opportunities in
Words: 264 - Pages: 2
n ce (H on ou r s) 2010 CHAPTER ONE INTRODUCTION 1.1 Introduction Stock market is a place for listed companies to raise capital .Companies can use the capital for continuing operating activities and expand business. However, the investors are explained to get a positive return from dividend and capital gain in the stock market. Based on the history, the economic condition will influence stock market. For instances, Malaysia faced deflation during the Asian crisis in years 1997. It caused
Words: 12578 - Pages: 51
needs to be explained that the basic objective of Hedge Funds is to provide risk adjusted return. Hedge Funds are not specifically designed to outperform rising markets; rather they protect their investments more in a volatile and falling market. Investors perception needs to be changed. 2. Fees The prevailing 2 and 20 fee structure is under attack from investors. Hedge funds typically charge a 2 percent annual management fee on assets plus 20 percent of any gain; whereas leading Index Funds
Words: 952 - Pages: 4
Cultural and Critical Approaches: An Application on the Table of Contents Cover Page……………………………………………………………1 List of Tables and Graphs…………………………………………...2 Executive Summary………………………………………………….3 1. Introduction………………………………………………………..4 2.1 Purpose & Scope……………………………………………4 2.2 Method………………………………………………………..4 2.3 Limitations……………………………………………………4 2.4 Assumptions…………………………………………………5 2.5 Background…………………………………………………..5 2. Findings……………………………………………………………7
Words: 2960 - Pages: 12
