According to Maury and Pajuste (2002) this kind of factor is important that may affect company's dividend policy. Each company big or small has different structure of owners who have different preference of dividends. The relationship between managers and stockholders in family companies is monitored by agency theory. As there is no separation between ownership and control, the agency problems will be reduced in family companies according the paper of Yoshikawa and Rasheed (2010). But, in big...
Executive Summary As the gold industry leader, Barrick Gold Corporation has the largest production of gold (7.7 million ounces recorded in 2008) obtained from its portfolio of 26 mines, allowing investors incredible leverage to higher gold prices. Barrick wishes to provide sustainable economic development centered around environmental stewardship, as well as a culture of safety superior to those of competitors. An accounting policy examined in this project is the pension benefit plan employed...
Accidents dont just happen they are caused and the answer to a successful accident investigation is to unearth the cause. The gateway into ascertaining the cause of an accident is to explore the sequence of events leading up to it. Understanding this sequence is the aim of most accident-causation models/theories (Oakley 2003). Investigating an accident within an organisation is not pleasant for any safety professional. Outcomes may vary from minor injuries to fatalities making the investigati...
Takeover is a corporate process of acquiring one company the target by another the acquirer or bidder. According to Brealey, Myers, Allen, takeover is a tender offer directly to the shareholders. To receive the approval of the shareholder is needed to obtain 50% or more of the shares of the acquiring company. (Sel 11 aspro vivlio-takeovers fourth edition) Pike and Neale (2006) state that 'takeover is the acquisition of one company of the share capital of another in exchange for cash, ordinary...
Throughout the history, Oil has played a critical role to shape countries development since effect of oil prices on a country's economy has been and continuous to be keen interest from many people particularly economist. Given the importance of oil and the attention of oil prices receive in the financial press, a considerable economic literature has been devoted to study the impact of oil prices on macroeconomic variables such as inflation, growth rates and exchanged in one country ( e.g. Ham...
Cost-Benefit Analysis is a method of project appraisal which seeks to determine whether the social benefit of a new project or change in policy. The underlying principles behind CBA concerns whether how the impact of a chance will affect the utility of each person concerned affect by the proposed project. Every project is likely to have winners and losers, the purpose of CBA therefore is to determine whether the net impact on social welfare is positive (Perman, Ma, McGilvray, and Common, date...
The firm's CEO has singled out the currency exchange rate as one of the major factor for the erosion in EPS because the firm exporting crude palm oil too many countries with priced in US dollar. So, changes in currency values to U.S. dollar affect the ringgit Malaysia. As we know, Malaysian currency keeps within a very narrow range of exchange rate with the dollar. The pegged exchange rate arrangement requires authorities to intervene in the foreign exchange market to maintain the fixed excha...
The strategic location of the South Face Mine, owned by Mountain Mining Canada Ltd (MMCL), catches the attention of Can-Do to make an offer for purchasing the mine. If our company successfully acquires it, the combination of better surface logistics and optimal location of new drift mines could provide an annual cost saving of up to $1.5 million for 20 years. However, MMCL has closed the mine and currently been spending on closure and reclamation of it; undoubtedly MMCL would like to transfer...
Recent credit crisis and their consequences will shape the investment landscape for decades to come. Therefore, investors who wish to be successful need to have a comprehensive understanding of the credit crisis and the changes it has produced in the financial community. This report analysis the brief history of credit crises, an analysis of the differences between investment and commercial banking, and an overview of the disappearance of the classic 2008 credit crisis. The third and fourth ...
Banks play an important role in the economic development of a country. If the banking sector is highly developed then the economy of a country grow faster. A developed banking system ensures the quick industrialization and urbanization of any country. Banks can make a nation financial healthier with great contribution to foreign trade. Modern banks play an important part in promoting economic development of a country. Banks provide necessary funds for executing various programs underway in th...