Case Summary Getty Oil Company had two major shareholders, Gordon Getty, Getty Museum. Gordon Getty who was also the trustee of the Sara Getty Trust owned about 40% of the outstanding shares of Getty Oil. The Getty Museum held about 12% of shares of Getty Oil. In January 1984, Pennzoil Company rendered an offer to […]
Question 1 Issue The issue is whether the contract entered into by Harry, a clerk in the factory office is enforceable against the company. Rules A company can enter into a contract by the virtue of s124. There are several ways a company can contract with the outsiders. One common way is to affix the […]
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Get help with your assignment“Critical Analysis of TRIPS standards regarding PATENT protection” History of TRIPS TRIPS is an abbreviation of Agreement on Trade Related Aspects of Intellectual Property Rights. It is an international agreement between the member countries of the World Trade Organization (WTO). TRIPS agreement came after the General Agreement on Tariffs and Trade(GATT) in 1994. The […]
Question 1 Adelaide Interior Linings Pty Ltd v Romaldi Constructions Pty Ltd Very briefly outline the facts of each case including the contractual provisions under scrutiny (10 marks); Romaldi Constructions entered into a construction subcontract with Adelaide Interior Linings for the installation of lining at a college which was being constructed by Romaldi Constructions. Adelaide […]
Traditional economics describes human beings as rational decision makers , but it has been observed that investor do not always act rationally. Behavioural finance is the study of the influence of psychology on the behaviour of financial practitioners and the subsequent effect on markets. Behavioural finance is of interest because it helps explain why and […]
Investment entails some degree of uncertainty concerning future share period returns. In financial perspective risk is a synonym for uncertainty while return signify the totality of gain or loss on an investment. Risk in investment cannot be eliminated but can be managed through number of strategies such as diversification, asset allocation etc. This study was […]
“If you think you can go it alone in today’s global economy, you are highly mistaken” Jack Welch, CEO of General Electric, USA [1] Securitization is considered one of the most prominent developments in international finance, and is its utility is expected to rise further in the future. [2] Securitization has been defined as “the process […]
Ratio analysis isn’t just comparing different numbers from the balance sheet, income statement, and cash flow statement. It’s comparing the number against previous years, other companies, the industry, or even the economy in general. Ratios look at the relationships between individual values and relate them to how a company has performed in the past, and […]
Martin Luther King Jr. said, “Our lives begin to end the day we become silent about things that matter”. For Indians to understand that is not difficult. Just read ‘My experiments with truth’ by Mahatma Gandhi. Ownership of failure gives you so much price and conviction. Running a company is in fact all experiments of […]
An attempt is made to study the fundamentals of working capital management and these are utilized to compare the working capital efficiency of public & private sector enterprises by taking cases of two disparate business firms. Purpose of the study The disclosure of factors which are responsible for formation of a disparity in the management […]
In finance, a derivative is a financial instrument (or, more simply, an agreement between two parties) that has a value, based on the expected future price movements of the asset to which it is linked-called the underlying asset such as a share or a currency. There are many kinds of derivatives, with the most common […]
# 1. Analyse the performance and financial position of the company and comment on any features you consider significant by calculating the ratios that will help in assessing the profitability, liquidity, efficiency and investment ratios of Haflan Ltd.? Definition Profitability Ratio : MeasuresA that indicate how well aA firmA is performing in termsA of itsA abilityA to generateA profit. 1. Gross Profit […]
A major sector in finance is the optimization of portfolio. The target is to maximize the excepted return and minimize the risk. In 1952 Harry Markowitz with his theory about portfolio selection made two observations. The first one was that the combinations of two risky assets provide non-cumulative standard deviations since the two assets are […]
The main objective of the dissertation is to develop an optimal trading strategy also considering the execution cost of each trading step, using stochastic dynamic programming. More explicitly, the following problem is proposed and solved: Given a fixed block of shares to be executed within a fixed finite number of periods, and given price dynamics […]
Introduction In order to understand the usefulness of VaR and other risk metrics for the setting of capital adequacy requirements it is useful to compare various measures used by financial institutions and legislative statutes of the Basel Frameworks. Traditional approaches to banking regulation emphasises the understanding that the existence of capital adequacy plays a central […]
INTRODUCTION Today’s financial environment is highly risk prone. The volatility of economic variables such as interest rates, exchange rates, commodity prices etc has increased because of the increased internationalization of businesses. In order to have a stable business a firm must identify and manage its risk carefully. Risk is defined as the doubtfulness of returns. […]
As we are in modern world today, everything around us has been changing continuously. The world that we see today is different from the world in 40 years ago. Technologies are one example, which has been improving dramatically. Letter had been a popular way to communicate and then land line telephone came to help communication […]
The infamous Jamie Dimon joined the darling financial institution in 2005 as CEO and also joined the New York Federal Reserve bank board in 2008. 4 Notorious for his squeaky clean reputation relative to many of his contemporaries, his myriad successes in the big banking world landed him four times on Time magazine’s 100 Most […]
As we are aware, finance is the lifeblood of business or it can be said as the most important part of all the business enterprises. To understand finance, you need to know the entire business indeed. Finance can be used for various reasons like expanding the business, investing and purchasing fixed assets like land and […]
The Governments general index of Retail Price, which has been existence since 1914, measures the change in the price of the goods and services brought by the average family from one month to the next. The actual method of calculation of the Retail Price Index is closely related the base weighted system. The information of […]
The impact of globalization has caused the transfers of funds and investment activities to be no longer limited in one country only. Those activities are now expanded to all over the world. Based on the stock valuation model, macroeconomic forces may have systematic influences on stock prices via their influences on expected discounted future cash […]
Prior to Poor’s publishing of assets, liabilities, and earnings information in the American Railroad Journals of 1849, credit-worthiness was assessed using qualitative data. Poor’s publications were the first instances of quantitative data being used to assess the risk of commercial lending. This continued until the early 1930’s when the first academic studies were carried out […]
Basel Accords which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision consists of Basel I, Basel II and Basel III. Basel I was adopted in 1988 and was enforced internationally in 1992. While Basel I is now outdated, Basel II was formed and implemented by a lot of […]
According to the London School of business & finance, Accounting ratios are defined as a kind of term which is used as describing significant relationship between figures shown in a profit and loss account, on a balance sheet, , in a budgetary control system or in any other part of accounting organization. There are five […]
Improve market discipline in banking is one of the three pillars proposed by the Basel Committee on Banking Supervision in January 2001. This new Basel Capital Accord contains new rules to respond to the deficiencies of the previous accord on credit risk which was made in 1988. First pillar is calculating risk weights for different […]
This essay explores empirically the usefulness of liquidity risk, credit risk and market risk as risk measures indicators to explain whether German banks riskier than European competitors or not. The sample of reference entities consist of all German banks and eleven European banks and the observation cover the period from1994 to 2008. Using a unique […]
The use of financial statements to show the states of affairs of an undertaking is crucial in the quest of satisfying many a stakeholder. The government expects tax payments whose calculation depends on an accurate statement, while shareholders await for dividends declared on the basis of the results of the financial statements and potential investors […]
Corporate Finance is a vast branch business management, which deals with the management of funds and capital arrangement. Corporative Finance as an immensely lucrative aspect that deals with helping business organizations manage money for various ventures, managing their assets, acquire other firms and make a robust financial planning for the future (Beaney, S., 2005.). It […]
Fama, after the publication of his world renowned article in May 1970 he is known as the godfather of the efficient market hypothesis (EMH). It all began when he submitted his Ph.D. thesis which entitled “Efficient Capital Markets: A Review of Theory and Empirical Work.” In that paper he defined the concept of accurate market […]
The weighted average cost of capital (WACC) of a firm simply refers to how much, on average, it costs the firm to raise money. That is, it is the average rate that the firm must pay on any new capital that it raises. The importance of the WACC is in its relation to the evaluation […]
