On January 5th 2009, Waterford Wedgwood went into receivership after talks with a potential investor ran out of time. [1] Some of its Irish subsidiaries (See Exhibit 1 for list of Waterford Wedgwood's subsidiaries) went into receivership, administrators were appointed to some of its UK subsidiaries and its shares were suspended from the Irish Stock Exchange [2] . In total, nine of its UK and Irish subsidiaries were closed down [3] . Sir Anthony O'Reilly, Non-executive chairman of Waterford We...
Aviation industry has experienced a high end change in last decade. This has completely changed its face and the process is still going on. One such example is of ClearSky Airways that has to make emendations in order to maintain synchronization with the external situations. From a survey it has concluded that there has been a change in customer demands as compared to that previously existed. But before any positive deviation could be taken for the company, there was some adversity created in...
Chapter 2 Literature review on learning styles 2.1 Background of learning styles Learning styles have received considerable attention in recent years. There are more than 20 style dimensions that have been identified so far. It has come out of the more general research on cognitive styles, particularly from the field of psychology. The earliest and frequently discussed dimension of learning styles is the concept of field dependence and field independence that is advocated by psychologist Herm...
I have selected Astec Industries, a public listed company dealing in construction, and retrieved its financial statements including the Income Statements, Balance Sheets and Cash flow Statements both annually for the last three years and quarterly reports for the last financial year ended 31st December 2009. These are included in the report as part of appendices. Financial Requirement I have determined that there is low activity in the construction industry in the US due to the economic depre...
This report aims to review total debt/equity ratios, company betas, profitability ratios, company revenue, assets, and liabilities, to examine the nature of the operations of the companies (eBay, Clorox, Alaska Airlines), and to provide the information on the optimal capital structure, advantages and disadvantages of debt financing and of equity financing, and more. To start with, eBay Inc. is an American company that provides services in the areas of online auctions (its main field of activi...
A reputable theory which accounts for investor actions needs to start from a testimonial of investor objectives. The aim may be generally declared as the maximization of effectiveness (Neumann and Morgenstern, 1953), though of itself utility is not easy to measure. In order to understand the theory, is necessary to refer into more readily measurements which are the risk and return. This study concentrates on describing the measurement of risk and return by the use of the Capital Asset Pricing...
EXECUTIVE SUMMARY: Corporate Governance relates to the way in which companies are directed and controlled. Directors are responsible for corporate governance, in some cases a conflict of interest may exist between directors and shareholders. Therefore, guidance is provided on corporate governance which aims to ensure that directors manage their business in the best interests of the shareholders. Businesses around the world today need to be able to attract funding from investors in order to fu...
Indias emerging stock market had been witness to the approximately Rs 5000 crore Harshad Mehta scam in 1991-92 and it compelled the government to intervene and protect the interest of investors in Indian Capital markets and regulate the markets to avoid malpractices. The Securities Exchange board of India (SEBI) is a regulatory authority that was established in 1988 and was granted statutory status post Liberalization in 1992 under the provisions of the Securities and Exchange Board of India ...
Incentive executive compensation is financial compensation to executives in the form of salary, benefits, bonuses etc, as a reward of their performance. Executive compensation is very significant when it comes to corporate governance, and is frequently resolute by board of directors of the company (Ellig, 2002). If shareholders could directly view the firm's prospects and the executives' deeds and recognize in advance the actions that can maximize shareholder wealth then no incentives or comp...
As stated by the US Federal Reserve, interest rate risk impacts on a various range of stakeholders, and hence financial actors are interested in quantifying its impact. The most important practical tool to manage interest rate risk and to satisfy this main function for banks is duration analysis. In general duration Analysis is an econometric tool and in terms of Financial Economics it is defined as the mean length of time that passes until the present value is returned by a stream of fixed p...
