volatility and complexity of financial markets. A diverse range of new financial products have been created to enable market participants to handle the risks arising from trade in securities and to speculate on future expected movements in securities prices, without direct trade in the assets themselves. Derivative contract creates a promise to deliver or trade an underlying product at some time in the future. The
Exxon-Mobil Merger: An Archetype ABSTRACT: In response to change pressures, the oil industry has engaged in multiple adjustment processes. The 9 major oil mergers from 1998 to 2001 sought to improve efficiency so that at oil prices as low as $11 to $12 per barrel, investments could earn their cost of capital. The Exxon-Mobil combination is analyzed to provide a general methodology for merger evaluation. The analysis includes: the industry characteristics, the reasons for the merger, the nature of the deal
Miller Chapter 1 A Brief History of Risk and Return Concept Questions 1. For both risk and return, increasing order is b, c, a, d. On average, the higher the risk of an investment, the higher is its expected return. 2. Since the price didn’t change, the capital gains yield was zero. If the total return was four percent, then the dividend yield must be four percent. 3. It is impossible to lose more than –100 percent of your investment. Therefore, return distributions are cut off on
ROLAND BERGER STRATEGY CONSULTANTS TREND COMPENDIUM 2030 START INDEX TRENDS CONTACT This document is optimized for color prints 1 About the TREND COMPENDIUM 2030 WHAT IS IT? > The TREND COMPENDIUM 2030 is a global trend study compiled by Roland Berger Strategy Consultants > It describes seven megatrends that will shape the world over the next 20 years > All trends have a broad impact on how we do business Therefore, Roland
organization, which minimize wastage, and enhance overall efficiency. It also helps organization to reduce the cost of production and maximize profits. Q2.a) What is the concept of Cost? What are the different elements of cost? Ans2a. Cost is the basic amount of expenses a businessman is likely to incur to be able to manufacture or process one unit of proposed product. Prior to starting of any business, a businessman has to prepare a rough sketch of the product he wants to produce. And he has to
regulation; IFRS; US GAAP; SEC; standard-setting, mandatory disclosure; political economy Downloaded by [University of Nottingham-Ningbo] at 20:16 12 January 2013 1. Introduction and overview Corporate reporting regulation has seen substantial changes in recent years. Many of them were in response to corporate reporting scandals and perceived shortcomings during financial crises around the world. Moreover, there has been a concerted effort to converge countries’ reporting standards. But despite
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as current trends in modern manufacturing operations. What is the relationship, if any, between these trends? Can you cite any examples? Mass Customization is personalization of products and services for individual customers at a mass production price. Traditionally customization and low cost have been mutually exclusive. Mass production provided low cost but at the expense of uniformity. Customization was the product of designers and craftsman. Today, new interactive technologies, like the Internet
country of origin. A catalogue record for this book is available from the British Library. Library of Congress Cataloging-in-Publication Data Mergers and acquisitions : current issues / edited by Greg N. Gregoriou and Karyn L. Neuhauser. p. cm. Includes index. ISBN 0-230-55379-6 (alk. paper) 1. Consolidation and merger of corporations. I. Gregoriou, Greg N., 1956– II. Neuhauser, Karyn L. HD2746. 5. M4365 2007 338.8’3—dc22 2007021799 10 16 9 15 8 14 7 13 6 12 5 11 4 10 3 09 2 08 1 07 Printed and bound
standards of living, but income inequality is still apparent A recent report released by the UN declared that, for the first time in more than 100 years, the standard of living in the UK had surpassed that of the US. According to the Human Development Index 2008–09 published by the United Nations Development Program (UNDP), the UK ranks 21st in terms of human development. However, the government is faced with the challenge of income disparity. Relative inequality has increased and the government has fallen