‘dominant’, including charging an ‘excessive price’, engaging in an ‘exclusionary act’, or price discrimination (Sections 8 and 9). ‘Dominance’ is defined as having at least a 45 percent market share, or less than 45 percent if the firm has market power (Section 7). A range of horizontal and vertical restrictive practices are also prohibited (Sections 4 and 5). For the implementation of the Act the links between structure and behaviour are therefore extremely
Words: 1160 - Pages: 5
capital under a seasoned equity offering of shares to raise money. McClure (2005) defines a right issue as an invitation to existing shareholders to purchase additional new shares in the company. With the issued rights, existing shareholders have the privilege to buy a specified number of new shares from the firm at a specified price within a specified time. A shareholder is an individual or institution (including a corporation) that owns one or more shares of stock in a public or private corporation
Words: 8218 - Pages: 33
Suggested Solution: Minimizing costs can also be one of the goals of corporations. Other firms may choose to maximize market share, hoping that these will eventually increase the total profits in the future. Ultimately, the choices financial managers make should maximize shareholder wealth, which is achieved by maximizing the stock price. While the managers should do their best in maximizing the shareholders’ wealth, they should ensure that their behavior is ethical. Ultimately
Words: 654 - Pages: 3
AN ANALYSIS OF THE EFFECTS OF INTEREST RATE AND EXCHANGE RATE CHANGES ON STOCK MARKET RETURNS: EMPIRICAL EVIDENCE OF GHANA STOCK EXCHANGE A thesis submitted to the Institute of Distance Learning, Kwame Nkrumah University of Science and Technology in partial fulfillment of the requirement for the degree of COMMONWEALTH EXECUTIVE MASTERS OF BUSINESS ADMINISTRATION Institute of Distance Learning, KNUST JUNE, 2011 DECLARATION I hereby declare that this submission is my own work toward
Words: 13267 - Pages: 54
terms of market capitalization and shareholder funds. The bank was established in 1985 through a merger of Emirates commercial bank, the federal commercial bank and the Khaleej commercial bank. The Abu Dhabi government owns sixty-five percent of the shares of the company through its investment arm, the Abu Dhabi Investment Authority (Bllomberg, 2011). The Abu Dhabi commercial bank is a public shareholding company under limited liability. The bank is listed in the Abu Dhabi stock exchange as a
Words: 2657 - Pages: 11
Investigating the Market-Structure - Performance Relationship in the Commercial Banking Sector: Evidence from Jamaica Sherene A. Bailey1 Financial Stability Department Bank of Jamaica January 2007 Abstract This paper employs a two-stage estimation procedure to evaluate the impact of bank concentration on performance. In the first stage of the estimation process, a stochastic cost frontier is estimated for the dominant commercial banks in Jamaica over the period 1989 – 2005, using both translog
Words: 7322 - Pages: 30
corporate executive for optimizing long –run performance. Over the past two decades, there has been a stream of research which has focused on the characteristics of corporate executive and firm performance. This paper examines five academic and practitioner-theory focused research articles by (Baker et al, 2006; Babchuk et al, 2003; Hartzell et al, 2003; Murphy et al, 2003; and Kathleen et al, 1989) on the subject of corporate performance and compensation. The purpose of this essay
Words: 1942 - Pages: 8
long-term relationships based upon loyalty and trust. 4. Understand that superior value requires superior knowledge, skills, systems and marketing assets. CREATING CUSTOMER VALUE Meeting Customer Needs There will be one or two critical interfaces between buyer and seller that drive consumer’s perception of value. • Consumer will select offer that is of best value. • Consumer will choose product that meets their needs. • Trust is established with relationships, and keeps
Words: 1559 - Pages: 7
| |A relationship between various accounting figures, which are connected with each other, expressed in mathematical terms, is called | |accounting ratios. | |According to Kennedy and Macmillan, "The relationship of one item to another expressed in simple mathematical form is known as ratio." |
Words: 3169 - Pages: 13
FINANCIA MANAGEMENT NOTES TOPIC 1 SCOPE OF FINANCE FUNCTIONS The functions of Financial Manager can broadly be divided into two: The Routine functions and the Managerial Functions. Managerial Finance Functions Require skilful planning, control and execution of financial activities. There are four important managerial finance functions. These are: a) Investment of Long-term asset-mix decisions These decisions (also referred to as capital budgeting decisions) relates to the allocation
Words: 5977 - Pages: 24
