In the last of 1990's there raise a huge need for the awareness of the importance of developing local markets for fixed income securities mainly for the developing countries. Many raising countries enlarge their local markets for the government bond on one hand and on other hand they bring the transformation to promote their local corporate bond markets as a substitute source of financing for domestic corporations. Due to their effort only a small group of raising markets became successful in...
JD Wetherspoon plc, is a company which owns and operates pubs throughout the United Kingdom. The company was established in 1979 (and incorporated in 1981) and is part of the FTSE 250 index. From a single pub in Greater London, the company now has an estate of 731 pubs. In the recent years, apart from the sale of alcohol, food has generated a substantial amount of the firms' profits. The purpose of this assignment is to evaluate the performance and financial position of the company, by analys...
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...
METHODOLOGY Both U.S. Dollar exchange rate and the oil price are foremost variables which coerce the progression of the world economy. Fluctuations in these variables profoundly affect international trade and economic activities in all the countries. Determination of the link between these key variables is one of the vital issues, whether they are correlated or not. Is there any empirical evidence on the link between the variables? In this literature, I initiate by surveying all theoretical r...
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...