economic objectives of individuals‚ firms and government. Economic Objectives of Firms Profit maximization Profit maximization is the process of obtaining the highest possible level of profit through the production and sale of goods and services. Profit is the difference between the total revenue a firm receives from selling output and the total cost of producing that output. Profit-maximization means that a firm seeks the production level that generates the greatest difference between total
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AND BOARD EFFECTIVENESS ON FIRM PERFORMANCE: NEW EVIDENCE FROM KENYA Vincent O. Ongore‚ PhD Assistant Commissioner Kenya Revenue Authority P.O. Box 48240-00100‚ GPO Phone: + 254 (20) 310900 Mobile: +254 723854796 Nairobi. Email: Vincent.ongore@kra.go.ke Abstract Research on corporate governance is very thin on the role of owners on corporate performance‚ especially how risk-taking orientation of owners comes to bear on decision making processes of the firm. The Board has been given inordinate
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The balance sheet consists of assets and liabilities of any firm. The assets are called as the uses of the firm and the liabilities are called as the sources of the firm. Sources of the firm: (Debts or liabilities): The debts or liabilities are the claims of the outsiders against the assets of the firm. The liabilities refer to the amount payable by the firm to the claimholders; i.e. the amount owed by the firm to other parties. For an obligation to be recognized as a liability‚ it must meet three
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Finance & Accounting‚ 29(7) & (8)‚ Sept./Oct. 2002‚ 0306-686X Dividend Imputation and Shareholder Wealth: The Case of New Zealand Andrew Prevost‚ Ramesh P. Rao and John D. Wagster* 1. INTRODUCTION Effective from April 1‚ 1988‚ New Zealand changed its existing two-tier `classical ’ dividend taxation regime to full dividend imputation. Corporate income is now only taxed once rather than at both the corporate and shareholder level. Concurrently‚ the New Zealand tax code was revised‚ reducing the top personal
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NBER WORKING PAPER SERIES DO SHAREHOLDERS OF ACQUIRING FIRMS GAIN FROM ACQUISITIONS? Sara B. Moeller Frederik P. Schlingemann René M. Stulz Working Paper 9523 http://www.nber.org/papers/w9523 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 February 2003 We are grateful to Harry DeAngelo and Ralph Walkling for useful comments. The views expressed herein are those of the author and not necessarily those of the National Bureau of Economic Research. ©2003 by Sara
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Obrero en huelga‚ asesinado “Striking Worker Assassinated” by Manuel Alvarez Bravo is a representation of war through politics. He captures the image of reality of what people don’t want to grasp and accept. Bravo’s picture represents everyone in Mexico and throughout the world who had to fight for their rights during the time period in which the time photo was taken. Bravo was risky with his choice to take modest photos to show the truth of what was happening‚ promoting awareness. I think a lot
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The purpose of the corporation: Shareholder-value maximization? Finance Working Paper N°. 95/2005 Revised version: February 2006 Petra Joerg Institut für Finanzmanagement‚ Universität Bern Claudio Loderer Institut für Finanzmanagement‚ Universität Bern Lukas Roth The Pennsylvania State University Urs Waelchli Institut für Finanzmanagement‚ Universität Bern © Petra Joerg‚ Claudio Loderer‚ Lukas Roth and Urs Waelchli 2006. All rights reserved. Short sections of text‚ not to
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Shareholder and Stakeholder Over the last decade‚ with the rapid development of business management‚ the Shareholders who are the effective owners of the company invest money into the business and want as much profit as possible as a return for their investment. Shareholders will engage manager to help them to run the business and make various decisions in different aspects in order to maximize potential wealth. There seems to be no doubt that a manager has a legal responsibility to shareholders
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The Effect of Leverage on Shareholders’ Return: An Empirical Study on Some Selected Listed Companies in Bangladesh Md. Abdullah Al Hasan1* Anupam Das Gupta2 Al1. Lecturer‚ Department of Finance and Banking‚ University of Chittagong. 2. Assistant Professor‚ Department of Finance and Banking‚ University of Chittagong. Email: anupam@cu.ac.bd. * E-mail of the corresponding author: hasan14882@yahoo.com mail Abstract Financial plan is one of the vital decisions of a firm because a financial plan affects
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Speech)‚ many different companies have been known to do it. Striking should be a measure taken when many people do not agree with the conditions of the workplace‚ but they should also be assured their safety. Many workplaces have been seen as unfit and unsafe by many employees throughout years. Many people began striking in an attempt to modify these conditions in order to achieve better work standards for new and veteran workers alike. Striking in the workplace has been around for centuries‚ mainly
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