...Table of Contents I. Article Summary 3 1.1. Article Title: 3 1.2. Authors: 3 1.3. Publication: 3 1.4. Reviewer: 3 1.5. Purpose of the Article 3 II. Analysis and Synthesis 4 2.1. Most important conclusion 4 2.2. Special issue about the study subject 6 2.3. Relating issues raised in the article with the business environment and financial system in Ethiopia 7 2.4. Points we Agree or Disagree with 7 2.5. One part of the article that helped to understand finance 8 III. Hypothesis Comparison. 8 IV. How the information in the article affect the business manager in us 9 4.1. Becoming a better financial manager 9 4.2. Becoming a better professional 9 4.3. Practicing suggestions in the article 9 4.4. Issues listed by the authors 10 References 13 I. Article Summary 1.1. Article Title: The theory and practice of corporate finance: Evidence from the field 1.2. Authors: John R. Graham and Campbell R. Harvey 1.3. Publication: the article is published in the Journal of Financial Economics, Volume 60, Issue 2, Pages 187-243, dated 31/05/2001. The publisher is North-Holland. 1.4. Reviewer: Group 8 members 1. 1.5. Purpose of the Article The article reports the result of a comprehensive survey on the practice of corporate finance conducted in 1999 G.C by the above mentioned two authors in the USA. Unlike previous similar studies in theory and practice of corporate finance, the article address a broader scope in the field of corporate finance including capital budgeting...
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...ARTICLE REVIEW FOR UNIT ONE 1 Article Review for Unit One Ommanda N. Babineaux Finance and Value Creation MBA6016 106 North Washington Street Lafayette, La. 70501 Telephone: 337 261-0263 Email: OBABINEAUX@capellauniversity.edu Instructor: Michael Blagg ARTICLE REVIEW FOR UNIT ONE 1 In this article, the author is letting the reader know that as a company grows globally the responsibilities and roles increase. The leaders of growing organizations have more planning and decision-making to do. These organizations that are global put an effect on those with financial opportunities in three principal areas: financing, risk management, and capital budget. CFO’s of organizations can reduce the overall financing caused by mixing the internal and external debt of affiliates in several countries. There’s an example of how money can be borrowed from one subsidiary with increased tax rates and loaned to subsidiaries with decreased tax rates. The author’s argument here is that global organizations have a tendency to use parent debt as a substitute for external debt and...
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...Introduction When it comes to business success, managers are an essential part. They play many different parts. According to an article by K. Cieslinska entitled “The Basic Roles of Manager in Business Organization”, as sited from R.W. Griffin (2000), a manager is the person responsible for realization of management process and makes plans, decisions, organizes, supervises and controls human, finances and information resources (Cieslinska 2007). Another view of what a manager is taken from A. Pocztowski, also cited in Cieslinska’s article suggest that managers are charged with “the art of reaching goals by proper using the finance, material and human resources” (Cieslinska 2007). Sometimes they act as a “go-between” for employees and the upper management, they make sure that tasks are complete, and they also have obligations in the functional areas of the organization. This paper will discuss the role of managers within the functional areas of a business. Functional Areas of a Business and the Managers Role In a large company or organization, there will be several different departments, each having its own specific task or job to perform. These tasks or jobs are called the “function” of that particular department. According to the Business Dictionary, functional area is defined as “grouping of individuals on the basis of the function each performs in the organization, such as accounting, marketing, and manufacturing; or grouping of activities or processes...
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...the Code, enacted in April 1953, took effect on July 1, 1954. In March 1958 the Code was enacted in Kentucky, effective July 1, 1960. Proposals to enact the Code will undoubtedly come before legislatures in other states in the course of the next few years, and it seems likely that several other states will join the procession at their 1959 sessions (Braucher, 1958). The Uniform Commercial Code (UCC or the Code), first published in 1952, is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America. The Uniform Commercial Code, or UCC, is a very large collection of legal rules regarding many important business, or “commercial,” activities. The UCC originally was created by two national nongovernmental legal organizations: the National Conference of Commissioners on Uniform State Laws (NCCUSL) and the American Law Institute (ALI) (Steingold, 2013). As the word “Uniform” in its title suggests, a primary purpose of the UCC is to make business activities more predictable and efficient by making business laws highly consistent across all American states. The Code is intended to simplify, clarify and modernize commercial law, permit the continued expansion of commercial practices, and to make uniform the law among the various jurisdictions...
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...Wang According to my research to current economic journals in market, I recommend ‘American Economic Review’ as the magazine our company should order for employers to read. We are a public company; our employers should not only focus on their own work, but also have some knowledge of economic or finance to assist CEO to make right decisions for company, and enhance their comprehensive working ability. I have chosen three journals to compare; they are ‘American Economic Review’, ‘Journal of Finance’ and ‘Wall Street Journal’. As for the cost, they are similar, and ‘American Economic Review’ is published quarterly , ‘Journal of Finance’ is double monthly, and ‘Wall Street Journal’ is daily. They are all the most popular journals in Economic industry today, while, they are total different style. ‘Journal of Finance’ is published by American Finance Association, it is the most important journals in Finance field, and the sentences in the magazine are cited the most frequently, that could reflect its crucial part in this industry, and it almost cover all of subjects and topics of finance area, including investing, currency, banking, insurance, securities, activities in finance units and ect. ‘Wall Street Journal’ is actually a newspaper; it is a leading newspaper which not only infects Wall Street of USA, economics of USA, but also the world’s economic. Every day, nearly 2,000,000 people read this newspaper, and its critics even could limit some bad trend. Company may...
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...financial terms like balance sheet, shareholder’s equity, EBITDA, EBITDAM, financial ethics, financial benchmarking I am very familiar with. I must admit that understanding financial ratio analysis I found somehow difficult, this is why I decided to concentrate on this topic. Summary of Articles The first article that I read is called “Financial Ratios, Discriminant Analysis and the Predictions of Corporate Bankruptcy” by Edward I. Altman, published 1968 in the Journal of Finance. The article says that academicians are seeking to eliminate ratio analysis as an analytical technique in assessing the performance of a business. According to the article theorists are attacking the relevance of ratio analysis. The article explores the possibility of whether the gap between traditional ratio analysis and more rigorous statistical techniques can be bridged. According to the article the traditional ratio analysis is no longer an important analytical technique in the academic environment because of the unsophisticated manner in which it has been presented. The research combined financial ratios with discriminate analysis, applying this to the problem of corporate bankruptcy prediction. The article concludes that if the ratios are analyzed within a multivariate framework they take on greater statistical significance than ratio comparisons...
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...from a public traded company to a private company. I found this article on Yahoo Finance and Chris Nichols wrote it on January 18th. As I prepared for interviews in the states the weeks prior to coming to Copenhagen each and everyday I needed to know what was going on in the stock market for potential questions on rising and falling companies. I grew very interested in the markets, which is why this particular article intrigued my eye. The article goes into depth about what Dell faces in becoming a privately held company. The process creates a situation where Dell would have to buy back all of its stock from stockholders at a price higher than fair market price. Businesses usually do this to gain more day-to-day control of their company and make decisions solely based on the company and not to please the stockholders. When a company makes this decision usually the hardest part is to fairly price the stock so those who own share in the company make money for the risk they took. The article goes into depth on the methods of how businesses go about this process. One way to evaluate the stock would be to compare Dell to comparable companies in the same industry. This usually provides a solid benchmark to what the stock price should be but isn’t always 100% accurate. Dell pulls in revenues of 60 billion dollars a year so when pricing its stock a more detailed analysis needs to be taken into account. The article mainly focuses on the method of discounted cash flow. DCF isn’t...
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...Concepts for a charter to operate in school and in other places here in the Philippines under the official policies of our company’s bylaws. Bylaws Article I: Name and Purpose Section 1: The name of this organization shall be the Musa Generis Concept Section 2: The purpose of this organization is to prove that the banana plant can be considered as the "Herb of Life" by producing products out of it. Section 3: The Vision and Mission statements of the organization are as follows: VISION: A company renowned for satisfying people through its products in conformity of proving that banana herb can be useful till its last part. MISSION: Attaining broader insight about banana and how it can be developed through ingenious activities with the help of research and workforce of people standing as one to achieve one goal. Article II: Membership. Section 1: All third year students enrolled under the Business Administration program at St. Dominic College of Asia are considered members of the organization and shall be entitled to all the rights and privileges thereof. Section 2: Those who will incur a maximum of three absences or six times tardiness will cause the membership to be revoked. Section 3: All members of this organization have the right to express their opinions in any matter regarding the organization. Article III: Stockholder Section 1: A Stockholder has the right to demand on the company in regards to their investments because they are also the owners of the...
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...Finance in the healthcare industry can be a very tricky subject. The primary role of finance in the health services is to plan for, obtain, and make use of resources to increase the productivity and value of the business (Nowicki 2007). Finance is a very important part of the health care industry. It keeps everything on track and in order so that things operate successfully. Without the right person(s) helping to operate the place of business the company can be in a great deal of trouble. When I think of finance I think of cash. In today’s economy cash flow is at its all time low. More people are trying to cut cost and much as they can. This means less doctor visits and sometime not going to the doctor at all. Which means that if your health care business is use to seeing a certain amount of patients and that number suddenly stops that can put some jobs at jeopardy. The role of finance has increased in the healthcare industry. Like I stated previously cash flow is at an all time low. With the high demands of hospitals, long term care, nursing homes, special practices and assisted living, the need for healthcare and funding is growing daily. There is a different age group that is being more catered to due to the aging population around. Funding is necessary for all levels of healthcare organizations, and there are some governmental hospitals/facilities, non-profit, and privately funded that need to be aware of the fast paced changes that are being made financially in the world...
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...Individual Assignment Ethics Article Analysis FIN 320 Week 1 DQ 1 FIN 320 Week 1 DQ 2 FIN 320 Week 2 Assignments from the Readings FIN 320 Week 2 Team Assignment Financial Performance Case Study FIN 320 Week 2 DQ 1 FIN 320 Week 2 DQ 2 FIN 320 Week 3 Assignments from the Readings FIN 320 Week 3 Individual Assignment Working Capital Management Paper FIN 320 Week 3 DQ 1 FIN 320 Week 3 DQ 2 FIN 320 Week 4 Team Assignment Working Capital Case Study FIN 320 Week 4 Individual Assignments from the Readings FIN 320 Week 4 Individual Assignment Utilizing the TVM Simulation Summary FIN 320 Week 4 Team Assignment Cost of Capital Memo FIN 320 Week 4 DQ 1 FIN 320 Week 4 DQ 2 FIN 320 Week 5 Individual Assignment International Risk Paper FIN 320 Week 5 Individual Assignment Financial Intermediaries Paper FIN 320 Week 5 Team Assignment Capital Investment Decisions Case Study and Presentation FIN 320 Week 5 DQ 1 FIN 320 Week 5 DQ 2 ________________________________________________ FIN 320 Week 1 Individual Assignment Ethics Article Analysis (UOP Course) For more course tutorials visit www.tutorialrank.com Locate an article regarding ethics considerations in financial management. Write a 350- to 700-word article analysis in which you address the following items: • Discuss how ethics affects the financial decision-making process. • Explain the ethics considerations involved in financial decision-making outlined in the article. • Identify the...
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...type of text represented in Article 1 is soft news news as soft news stories include features and lend a human perspective to hard news and Article 2 is hard News as hard news stories are of current and immediate nature and are usually found in the more important pages of a newspaper they carry important news especially of a political, economic or crime-related nature. Article 1 would be read by sport lovers especially soccer fanatics because the article focuses on soccer politics where two Netherlands players refused a Dutch penalty. The second Article would be read by people who own cars and businesses owners because it is talking about fuel and it concerns everyone who owns a car as well as many business people are always travelling and many of the...
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...May 27, 2013 Dictionary Investing Markets Personal Finance Active Trading Forex Professionals Tutorials Bag Holder An informal investment term used to describe an investor who holds a position in a stock which decreases in value until it is worthless. Typically, the bag holder will hold the position for an extended period of time in which most of the investment is lost. Investopedia Says: ymbolically, the investor is left holding a bag full of worthless material, representing worthless stock. The bag holder... Learn More Share: A Look At Exit Strategies Traders need to understand what exits are available to them and know how to create an exit strategy that will help minimize... Share: Tips For When To Buy, Sell Or Hold In this article, we'll point to key information that will help you make good decisions under pressure... Share: Top 4 Most Scandalous Insider Trading Debacles In this article, we will look at some landmark incidents of insider trading... Share: The Art Of Selling A Losing Position Let's take a look at why selling is important and then talk about a selling strategy that works for any type of investor.... Share: To Sell Or Not To Sell In this article, we will take a look at the main points you should consider...
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...Faculty of Banking and Finance / FTU fandzung@ftu.edu.vn This module is supported by Weblearn – students are advised to access the site on a regular basis, at least once a week FS3032 Capital Markets |Teaching Location |A1101 | |Teaching Semester |1 | |Module Level |H | |Home Academic Department |LMBS | |Module Leader |Dr Phan Tran Trung Dzung | |Module Web Site |FS3032C | |Teaching Mode |Day | |Module Title |Capital Markets | |Timeslot | | |Credit Rating For Module |15 | Module Summary CODE: FS3032C TITLE: Capital Markets: Investment & Portfolio Management BRIEF DESCRIPTION: The world of finance has changed tremendously in the last few decades. Domestic financial markets are integrating more and more and businesses are becoming global. As the core component of the world of finance, capital markets have experienced...
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...Pricing) Team Member: Haotian Lin; Nan Bai; Wenyi Gu; Yibo Zang Summary Standard finance (modern portfolio theory), compared with Behavioral finance, is no longer modern: dating back to the late 1950s modern portfolio theory was developed (Statman 2008) Behavioral finance offers alternative explanation for investors and markets. Behavioral finance, which has been a controversial subject and is becoming more widely accepted, is finance from a broader social science perspective including psychology and sociology (Shiller 2003). Behavioral finance helps identify the financial market’s inefficient reaction to public information, which cannot be explained by traditional financial models with assumptions such as expected utility maximization, rational investors, and efficient markets (Ritter 2003; Statman 2008). Statman (2008) compares “normal” investors and rational investors by pointing out the difference that normal investors are reluctant to realize losses since normal investors are affected by cognitive biases and emotions. Statman also compares Behavioral Portfolio Theory and Markowitz mean-variance theory. Another comparison made by Statman is between Behavioral Asset Pricing Model (BAPM) and capital asset pricing model (CAPM), stating that the asset pricing model of standard finance is moving away from CAPM toward Fama and French three-factor model, a model similar to the BAPM. Bloomfield’s article discusses anomalies that market price deviation from action of rational traders...
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...GCC P. 28 GIF Magazine Special Report: Takaful in 2010 and Beyond P. 23 gif Interview Interview with Dr. Alberto Brugnoni: “Islamic Finance is not the exception, but the rule of normal financial behaviour” . Dr. Alberto Brugnoni is an international consultant in Islamic finance and ethics and is Founder and Director General of AASAIF, an organisation that participates in some of the most important international initiatives in Islamic finance. Dr. Brugnoni acted as Chair for the recent International Takaful Summit 2010 in London and moderated the session entitled “Enabling and Expanding the Scope of Takaful”. Here, Dr. Brugnoni speaks with Global Islamic Finance Magazine about why the Summit was such a big success, his work with Islamic microfinance, and the state of the Islamic finance industry in Europe. How did you find the International Takaful Summit? It was a great success for two reasons. 1) It was very well attended, with more than 450 delegates signing in. 2) We had institutional support. Nick Anstee, the Lord Mayor of London attended the opening session and spoke, as well as sitting in on several sessions. We also had dinner in the House of Lords at the invitation of Lord Mohamed Sheikh, which added credibility to the event. It was nice weather, nice atmosphere: It was 38 Global Islamic Finance September 2010 not just a formal event but also provided the opportunity for networking. To be honest with you, sometimes conferences can be hot air...
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