The Firm

The current issue and full text archive of this journal is available at www.emeraldinsight.com/1832-5912.htm JAOC 4,2 A rationale for stakeholder-based management in developing nations 136 George Joseph College of Management, University of Massachusetts Lowell, Lowell, Massachusetts, USA Abstract Purpose – The paper aims to provide a rationale for stakeholder-based management in developing countries. To implement the objectives, the paper contrasts the implications of agency

Financing the Firm Marco Giorgino Financing the Firm Agenda I. II. Introduction Capital Structure: Traditional View III. Capital Structure: Modigliani - Miller IV. Changing the Capital Structure V. The Dividend Decision Section I Introduction The Objective of Corporate Finance Preliminary Definitions Using WACC as the Discount Rate • i. WACC can be used: if the new project gives rise cash flows that have the same degree of business risk as the existing…

Crescimento; The Firm Growth: a Variability in Growth Rate of Firms Analysis Autor: Brito, Luiz Artur Ledur Resumo: This research investigated the observed variability in growth rate of firms, associating this variability to groups of factors, such as: industry; time period; country and individual firm. The proposal was inspired in the active line of research in strategy of financial performance variance components, using growth as a dependant variable instead of a financial…

a wonderful job at supplying the underlying motives and theory as well as the critical ‘in practice’ elements that many books lack. It spans all types of M&A and restructuring transactions and covers all the relevant knowledge from the academic research to the practical legal, accounting, and regulatory details. The book is up-to-date and teaches the state of the art techniques used today. The book contains numerous cases and spreadsheet support that enable the reader to put into…

“The Days to Pay Accounts Payable Determinants. Financing, Pricing Motives and Financial Substitution Effect. A Panel Data GMM Estimation From European Western Countries” 1 Justino Manuel de Oliveira Marquesa Associate Professor a Contact Data: Justino Manuel de Oliveira Marques e-mail: jmom@iesf.pt Instituto de Estudos Superiores Financeiros e Fiscais Avenida Sanatórios, Edifico Heliântia 4405-604 Vila Nova de Gaia Portugal Telefono: 00351227538800 Teelfax: 00351227624590…

4. A firm will exit a market if the revenue it would get if it stayed in business is less than its total cost. This occurs if price is less than average total cost. 5. A firm's price equals marginal cost in both the short run and the long run. In both the short run and the long run, price equals marginal revenue. The firm should increase output as long as marginal revenue exceeds marginal cost, and reduce output if marginal revenue is less than marginal cost. Profits are maximized…

Metodologia de Pesquisa Prof. Dr. Eugenio Bitti Alunos: Gabriel Silveira e Diana Preciado Annalise do Working Paper: CORPORATE FINANCING AND INVESTMENT DECISIONS WHEN FIRMS HAVE INFORMATION THE INVESTORS DO NOT HAVE Autores : Stewart C. Myers (MIT NBER,CAMBRIDGE, Massachusetts , USA. ) , Nicholas S. Majiuf(CATHOLIC UNIV CHILE,SANTIAGO,CHILE ) Periodico : JOURNAL OF FINANCIAL ECONOMICS , Áreas de Pesquisa :…

(2007) 782 – 807 Uncovering the value of planning in new venture creation: A process and contingency perspective Marc Gruber Ecole Polytechnique Fédérale de Lausanne, College of Management of Technology, Chair of Entrepreneurship and Technology Commercialization, Odyssea 2.02, Station 5, CH-1015 Lausanne, Switzerland Received 1 July 2005; received in revised form 1 July 2006; accepted 1 July 2006 Abstract Researchers are engaged in a major debate on the value of business…

TEN ECONOMIES Volume 3 of the Entrepreneurship Policy for the Future Series Lois Stevenson Anders Lundström Swedish Foundation for Small Business Research This project was initiated and carried out by the Swedish Foundation for Small Business Research and supported by the Swedish Ministry of Industry, Employment and Communications, NUTEK, and Örebro University in Sweden. FSF 2001:2 ISBN ABOUT THE AUTHORS Lois Stevenson was a Visiting Researcher with the Swedish…

Which businesses should a firm expand into? This question of corporate scope is central to corporate strategy. Flawed scope decisions can have severe consequences, and the trauma experienced by many companies as a result of mistaken decisions to expand scope is often large. What leads to such mistakes? Where do managers go wrong? And, what might be a sensible logic by which to approach the question of scope expansion? This note examines these questions and the logic of the scope…