A well developed and appropriately connected structure is an important need for the objectives of organization. It provides fundamental features without which an organization cannot operate. An organizational operation could include decision making to their communication across the boards. These particular functions need to be well managed and operate in order for an organization to be successful. STRUCTURE OF HBL At present the Bank operates through one central and 23 Regional Offices and 14...
The central bank (CB) of a country is one that has the right and duty to lend money to the government and commercial banks, set monetary policies, supervise and regulate the activities of financial institutions, mainly banks (Kock 1974, p. 14). Clear differences exist between central banks and commercial banks. The central bank of Mauritius, responsible for these functions, is known as the Bank of Mauritius. This chapter will focus mostly on the role and the position that the Central bank hol...
Banks play a substantial role in mobilising savings to promote investments and growth. This function of banks is very significant with respect to the Indian economy, where in banks predominate the financial markets. The health of financial institutions of a country is very important, since it is strongly linked with the performance of the economy, as observed by Santomero and Trester (1998). The financial sector in India is well developed with a strong banking system. The Indian banking secto...
Hewlett-Packard Company was founded by William Hewlett and David Packard, in 1939 and has its headquarters in Palo Alto, California. It grew consistently over the next fifty years. In 1990 HP had over 50 operations worldwide and was having the revenue of $13.2 billion and net income of $739 million. It was organised partially by product group and partially by function. HP has six product groups out of which the Peripherals Group was the second largest. Peripherals Group had set technological ...
In this paper we investigate the relation between the firm's cash conversion cycle and its profitability. This relationship is examined using dynamic panel data analysis for the full sample, by industry and by size. Using a sample of 34771 firm years covering the period 1990-2004, we find a strong negative relation between the length of the firm's cash conversion cycle and its profitability in all our study samples except for consumer goods companies and services companies. Keywords: Working ...
On April 1986, the FTSE Bursa Malaysia Kuala Lumpur Composite Index was launched. The main features of the FBM KLCI is these market index will be learner and more strong. The FBM KLCI consists of the 30 largest competent companies by market capitalisation instead of the current 100 stocks that have in the KLCI. The main purpose of the FBM KLCI is to make the index easier to exact reproduction. The existing and potential investors that tracking the benchmark index will now only need to buy 30 ...
As pointed out by Gwilym and others(2006), though the dividend payout ratio has been the subject of extensive theoretical modeling by corporate finance researchers, the payout ratio has been neglected in the asset pricing and predictability literature. Arnott and Asness (2003) addressed this oversight, finding a positive relationship between the payout ratio and ten-year future earnings growth over the period 1871 to 2001. In testing that mean reversion in earnings was responsible for this re...
Inventory is a list for goods and materials, or those goods and materials themselves, held available in stock by a business. It is also used for a list of the contents of a household and for a list for testamentary purposes of the possessions of someone who has died. In accounting inventory is considered an asset. Inventory management is primarily about specifying the size and placement of stocked goods. Inventory management is required at different locations within a facility or with...
Diversification is a risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique contends that a portfolio of different kinds of investments will, on average, yield higher returns and pose a lower risk than any individual investment found within the portfolio. Diversification strives to smooth out unsystematic risk events in a portfolio so that the positive performance of some investments will neutralize the negative perfor...
Considered Wall Street's preeminent investment bank, Goldman Sachs has an unparalleled history of long-lasting success, rooted in a distinct business culture in which the good of the firm supersedes individual achievements. Company Profile Considered Wall Street's preeminent investment bank, Goldman Sachs has an unparalleled history of long-lasting success, rooted in a distinct business culture in which the good of the firm supersedes individual achievements. Goldman Sachs was founded in the ...
