Ups and Downs: Valuing Cyclical and Commodity Companies Aswath Damodaran Stern School of Business, New York University September 2009 Ups and Downs: Valuing Cyclical and Commodity Companies Abstract Cyclical and commodity companies share a common feature, insofar as their value is often more dependent on the movement of a macro variable (the commodity price or the growth in the underlying economy) than it is on firm specific characteristics. Thus, the value of an oil company is inextricably linked
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Global Marketing 7e Warren J Keegan & Mark C Green Chapter 02 The Global Economic Environment Presentation adapted by Alfred Lowey-Ball For (International) Marketing management course Fall semester 2014 UBI-BA2 Brussels Chapter 02 Outline (The Global Economic Environment) 2-0 2-1 2-2 2-3 2-4 2-5 2-6 Introduction The world economy—an overview Economic Growth stars Classification of countries by income Market opportunities in DCs World population trends Dealing with currency risks 2
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L E BRÉSIL : POURQUOI SON ÉCON O MI E S’ ESSOUFFLET-ELLE ? Fayada Alice, Bonuso Thomas, Bouvier Adeline Exposé d’économie LEA 1 Le Brésil : Pourquoi son économie s’essouffle-t-e$e ? 1 TABLE DES MATIÈRES Introduction 4 I. Emergence du Brésil 6 1. Emergence économique 6 Secteur primaire 6 Secteur secondaire 8 Secteur tertiaire 8 2. Emergence sociale Développement d’une classe moyenne 10 10 Consommation à crédit 11 3. Emergence politique
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Foreign 99 Chapter III Direct investment by China in Latin America and the Caribbean A. Introduction Since 2008, China has become one of the world’s largest sources of direct investment. These flows first reached significant levels in Latin America in 2010, when it is estimated they surpassed US$ 15 billion. Chinese companies have in fact burst on the scene in the region so recently that several of the biggest projects were still being finalized in early 2011, or had only just been put
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Doing Business in Brazil Transfer Paper: International Management Project: Investing in Real Estate Florent Carayon 1 1 – What is the Business Environment in Brazil? a) Over all idea about the country: The word "Brazil" comes from Brazil wood, a tree that once grew plentifully along the Brazilian coast. * Brazil, officially the Federative Republic of Brazil, is the largest country in both South America and the Latin American region. It is the world's fifth largest country, both
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Integrantes: Christian Cabezón Laisa Lam R. Rodrigo Olivares Carolina Olmos Raúl Pinto Martín Ramírez Integrantes: Christian Cabezón Laisa Lam R. Rodrigo Olivares Carolina Olmos Raúl Pinto Martín Ramírez Estado de Avance ¿Cuál es el estado de desarrollo de su Emprendimiento? Prototipo Desarrollado (MVP) | | Descripción del Proyecto Nombre del Proyecto | GoMarket | A. MERCADO 1. ¿Cuál es la oportunidad de negocio? | Actualmente, el parque automotriz
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The growth that is occurring in the North Fluminense (Brazil) due to large oil discoveries in the Campos basin, has the city of Macaé as the epicenter. The change of legislation, which opened the market for petroleum carriers worldwide, and PETROBRAS search for trading partners in order to accelerate fundraising and minimize the risk of their ventures come to intensify further the regional economy. This has caused growth far above the national average in Macaé, from both the population (which
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Strategic Management External and Internal Assessments 1 External Strategic Assessment “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” – Charles Darwin “Nothing focuses the mind better than the constant sight of a competitor who wants to wipe you off the map.” – Wayne Calloway, Former CEO, PepsiCo 2 1 External Audit – Sources of Information •Internet •Libraries •Suppliers •Distributors •Salespersons
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INTRODUCTION ONGC Videsh Limited (OVL) is a wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), a Central Public Sector Enterprise/Undertaking (CPSE/CPSU) of the Government of India, under the administrative control of the Ministry of Petroleum & Natural Gas (2MoP&NG). OVL is engaged in exploration and production of oil and gas outside India. OVL was incorporated as Hydrocarbons India Private Limited, on March 5, 1965 with registered office in New Delhi to perform
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Business Analysis III - Anadarko Petroleum Corporation Leonard VanBerkel MGT/521 October 15, 2012 Kirk Davis Business Analysis III - Anadarko Petroleum Corporation Anadarko Petroleum Corporation (Anadarko); head office in The Woodlands, Texas, employees 4,800 people and is a Fortune 500 company with recorded revenues of $13.967 billion for fiscal year ending 2011. This represented an increase of 28% over 2010. Anadarko posted record sales volume in 2011. Contrasted against Anadarko is Exxon,
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