Shenzhen Stock Exchange

Description Agency Theory Agency theory is a form of corporate governance where the role of the board of directors is to act as an independent intermediary between two entities. The board of directors is basically the governing body that facilitates the interaction between the principles and the agents. The principles or shareholders, are the entities which bring the resources to the firm from investments. The agents on the other hand are the people who utilize the resources of the principles…

Pre-acquisition Situation: An analysis of the Pharmaceutical Industry & Companies Involved The period prior to the acquisition saw the pharmaceutical Industry consisting of six largest pharmaceutical companies - Pfizer, Merck, Eli Lilly, Schering-Plough, Bristol-Myers Squibb, and Abbott Laboratories accounting for a combined sales exceeding $137 billion. Changing forces within the Industry: The year 2007 saw the industry entering into a new era because of the current model becoming obsolete.…

INTRODUCTION A dividend decision policy of a firm is a crucial area of financial management. The importance of a dividend policy is to determine the amount of earnings or profit made by the company to be distributed to shareholders and the amount to be retained in the firm. The amount retained is called retained earnings this are the most significant internal sources of financing the growth of the firm. On the shareholder side dividends are considered desirable because they may increase the…

One of the biggest disagreement between the two companies was the equity value of Lombardi. According to Lombardi, their company was valued at $8M, Hagilent Technologies’ equity expert rated Lombardi as a sole entity around $1M - $1.7M. Even though Hagilent Technologies equity expert explained that valuing a band name was difficult, Hagilent Technologies was disappointed to learn that the value was lower than the price offer and lower than their expectations (Gouveia & Lee, 2016). This issue…

Adam Smith, The Wealth of Nations, and the “Invisible Hand”: A Metaphor For Ambiguity-Uncertainty Aversion by Decision Makers Michael Emmett Brady Lecturer School of Business and Public Policy Department of Operations Management California State University , Dominguez Hills Carson ,California USA Abstract: Smith’s use of the “Invisible Hand”,as pointed out by Gavin Kennedy, is a metaphor provided for the great percentage of readers of the Wealth of Nations whom Smith realized would not be…

Commercial Law and Big Money? That’s undeniably possible. The single dilemma that most of the law students face is to decide on which area to practice. While some of them might be sure of their field of interest, most of them surely aren’t. What makes one good in any area is the level and willingness to understand the individual sectors. Commercial Law is a big thing in the world as it involves a ton of government legalities, proceedings, and cases to handle. Every firm does need a team of wise…

1. Introduction Gazprom is a Russian energy company that is operating worldwide and is a natural gas provider for Russia and for more than 30 other countries. Gazprom was founded in 1989 by restructuring the USSR Gas Industry Ministry (Gazprom, n.d./2015). In the following years, Gazprom became a global company for gas supplies. The company’s share in the global gas reserves is about 17 per cent and the share in the Russian gas reserves makes up 72 per cent (Gazprom, n.d./2015). The company has…

The company I chose for my workplace is FedEx. I chose FedEx because it’s a big company where I would like to work. After seeing the video about FedEx, FedEx is a company where I wouldn’t mind being my ideal workplace. If there are nice people. The environment and the constant active work is what I like to see in the workplace and work I defiantly word like to do especially if office administration doesn’t work out for me. The woman in the video looked happy to be working with the FedEx company…

6. SWOT Analysis 6.1 Strengths of Mr Price a) Mr Price is a cash based operator and is currently operating on 83% cash sales out of their total sales of 2016. This is strength for Mr Price as there is less impact by the cyclical nature of retail, there is much less exposure to bad debt, Mr Price now also does not need to be dependent on credit driven sales - especially during poor economic times and by having a good cash flow this will support and fund the future growth of Mr Price. If you…

victory cannot be attributed to his high levels of campaign spending. Perhaps spending such a large amount of money on his campaign did impact the election outcome, but his campaign spending was enabled and influenced by his incumbency. In other words, since Walker’s spending was caused by his incumbency status, the incumbency advantage was what ultimately influenced the outcome of the 2012 recall election. Since incumbents have better access to financial resources, many good quality…