Friday, December 27, 2019

Hepatitis C Is Not A Public Health Crisis - 1473 Words

Hepatitis C is definitely not a public health crisis that needs emergency intervention in terms of the policy makers being pressured to make a decision urgently. However, thousands of citizens of the United States die on a yearly basis from this contagious disease (CDC, 2014). This makes it a serious public health issue. Hepatitis C is basically a liver disease that is contagious in nature and could be fatal if left untreated. According to the CDC website over 3 million Americans are infected with the disease (HCV), and â€Å"approximately 75%–85% of people who become infected with Hepatitis C virus develop chronic infection†. Hepatitis C is most commonly transmitted in the United States through IV drug use (CDC, 2014). Other modes of transmission includes blood transfusion or coming in contact with someone’s blood, accidental needlestick injuries among health care workers (e.g., nurses and phlebotomists), sexual contact (rare) and infants born to mothers who hav e the disease. These above medical and demographic facts make HCV a serious threat on public health. Overview of drug Sovaldi also known as Sofosbuvir is one of the latest anti- HCV drug in the market (Ollove, 2014). The drug has already been approved by the United States Food and Drug Administration (FDA) having gone through years of clinical trials. The drug’s claim to fame other than its high cost ($84,000 for 12 weeks of treatment or $1000 for one pill) is that it boasts of shorter treatment duration of about 3 monthsShow MoreRelatedTaco Bell Case Study1448 Words   |  6 PagesCOMMUNICATION STRATEGY (C/S) WORKSHEET PURPOSE: General: Identify and address key issues behind recent outbreak and food safety image while maintaining customer loyalty and consumer behavior. Action: Investigate, test, and report all possible sources of E. Coli and Hepatitis A (including all midpoints between farm and restaurant), evaluate store sanitation procedures and inventory logistics, report findings and recommendations as required by regulatory agencies. Communicate: Once sourcesRead MoreA Safe Injection Site Is Essential For Esquimalt And Victoria1718 Words   |  7 Pagesneed for an injection site is essential for Esquimalt and Victoria. In this paper, I will address, the need for a harm reduction program in the community, as well as look at the statistical evidence of Victoria and British Columbia’s illegal drug crisis. Finally, I will discuss the proposed intervention of a safe injection site in the area. Through an assessment of Esquimalt and collecting research from online sources, I determined that this community would benefit from a safe injection site. DrugsRead MoreBenefits Of Using Needle Exchange Programs1529 Words   |  7 Pages Are drug users people too? The health and safety of all people is crucial. It’s important keeping drug dependent people free of HIV this prevents its spread to their partners and their children. In order to provide necessary care, free sterilized needles should be given to drug users. The public should be advised of positive effects of needle exchange programs and warned of the risks of not supplying adequate syringes. The provocative idea of giving drug addicts clean needles to help slow the spreadRead MoreEssay On Patent Systems1057 Words   |  5 PagesPatent or not to patent? Access to essential medicine in developing countries There has been a long-standing debate around the private right of owning an idea and monetising it versus the public good achievable through that idea. This is particularly relevant when the idea or innovation is one for a product or technology that can save lives or combat diseases. In this case, argument arise for a moral obligation to share such ideas which must be balanced against the right to commercialise these ideasRead MoreHeroin Epidemic Of New Jersey1222 Words   |  5 PagesVanessa Bethea Professor Sumner Principles of Public Health 29 November 2016 Heroin Epidemic in New Jersey The heroin epidemic in New Jersey has been more and more relevant in 2016 and in the past few months. There was a report earlier this year of a mother and father overdosing on heroin in a car with their toddler in the backseat. This along with other sad and tragic stories have shaped the public narrative of the heroin epidemic in New Jersey. A report last year by New Jersey Advance Media notesRead MoreCivil Rights4442 Words   |  18 Pagespkids.org 1 ADVOCACY ADVOCACY Legal Protections for Children with Viral Hepatitis Updated 2006 Overview In the United States, three federal laws are critical in protecting children with viral hepatitis against discrimination in schools, daycare centers, athletic programs, camps and other areas of daily life. The Americans with Disabilities Act (ADA) is the most powerful law safeguarding the rights of children in public and private schools and daycare centers. The law also prevents any organizationRead MoreThe Worldwide Problem of Hepatitus C Virus1194 Words   |  5 PagesHepatitis C virus (HCV) has become a major problem within the human population, affecting individuals from everywhere, but especially from poor regions. At the moment, 130 to 170 million people worldwide are infected with this virus and it keeps increasing at a rate of approximately 3.5 million people per year. (1) It is estimated that about 0.2 to 26% of the general population in different countries are chronically infected by HCV. (2)(3) The hepatitis C virus is an enveloped RNA virus. Given itsRead MoreHeroin : A Dirty Back Alley Drug1967 Words   |  8 PagesBrittney Gronvold English 102 Schwartz 8 December 2015 Heroin in the Suburbs Heroin was once considered a dirty back alley drug, far from leafy suburban streets. Now a epidemic is arising, making heroin usage a health crisis amongst our youth. Heroin has spread from the slums to the suburbs because of the significantly increased use of prescription painkillers. Heroin is cheaper in comparison to medically prescribed opiates like OxyContin and Vicodin. Heroin is an epidemic spreading into suburbanRead MoreHeroin And Its Effects On The United States895 Words   |  4 Pagesestimated 22 million Americans are dependent on or abusing drugs or alcohol, at huge costs to society. Deaths from overdoses due to heroin and other opioids, including the prescription painkillers. U.S. Attorney General Eric Holder has called a â€Å"public health crisis.† (par #1) But some scientist and clinics are calling it a genetic problem or an addiction. All heroin users—not just those who injected the drug—risk becoming addicted. Individuals who abuse heroin over time develop a tolerance for the drugRead MoreThe Epidemic Of Sub Saharan Africa855 Words   |  4 Pagesliving with HIV in the world, 19 million do not know their HIV-positive status. Adolescent girls and young women account for one in four new HIV infections in sub-Saharan Africa. Women are much more vulnerable to HIV, tuberculosis and hepatitis B and C than the general public. Which is supported by this excerpt from a recent AIDSTAR-One regional report â€Å"Women and girls often face discrimination in terms of access to education, employment and healthcare. In this region, men often dominate sexual relationships

Thursday, December 19, 2019

Essay about Harriet Tubman The Ultimate Figure of Conscience

Throughout history, countless individuals have stood up against unfortunate events and the people who caused tribulations for others. Countless conscience individuals risked everything they knew and loved to stand up for the rights of other people. In the sixteenth century. St. Thomas More cared nothing about his good name and took a silent stand against the government by refusing to accept the king’s marriage. He also declined an oath to head as the head of the Church in England. He knew it was better to suffer for making the right decision, than to lie to his society, clergy, and his government, and suffer in that sense. Dietrich Bonhoeffer stood up to Adolf Hitler during World War II, and tried to expose the cruel crimes led by†¦show more content†¦To the common man, conscience meant listening to their moral code to make day-by-day decisions that would not harm another person. To Harriet, conscience meant standing up against awful people to Harriet lived fro m roughly 1820-1913; the exact year of her birth is completely unknown. She was born to Harriet Green and Benjamin Ross, under the name of Araminta â€Å"Minty† Ross, on the Thompson plantation in Dorchester County, Maryland. The plantation was owned by Edward Brodess, son of Mary Pattison Brodess, a young widow. Mary was an awful mistress, in the sense that she enjoyed her slave’s misery. She often drove the families apart, causing extreme anguish. Although it was common for masters and mistresses to hire out the man to another plantation, Mary separated the family even more by selling two of Harriet’s sisters to a plantation in Georgia. Whites often believed the myth that slaves did not care about their own children. Her parents were quoted about the selling of two children â€Å"a source of great anguish and continuing resentment by both parents.† Ever since her sisters were sold, Harriet lived with the fear that she would be sold and reloca ted, as well. When Sarah Bradford wrote Harriet Tubman’s autobiography, she recalled when Harriet described: The agonized expressions on the faces of her two sisters; the terror of their children, who wereShow MoreRelatedManagement Course: Mba−10 General Management215330 Words   |  862 Pagesfor manufacturing purposes before final production Corporate emphasis on an organization’s intellectual strength All these factors are just some of the management innovations that have been basic drivers of productivity and profitability growth. Figure 1 shows data from our company’s experience with the strong results of such business management innovation throughout a wide range of areas—from product development, supply chain, customer relations, and total quality to human resources, alliances

Wednesday, December 11, 2019

Dynamic Capital Structure in China Determinants and Adjustment Speed

Question: How Dynamic capital structure in china determinants and adjustment speed? Answer: Introduction Capital Structure refers to the optimal use of various monetary sources of a company to finance its operations. It has two components namely, debt and equity. Debt (Both short term and long term) is associated with long term notes payable, issuance of bonds etc. while equity is associated with stocks (common or preferred), retained earnings etc. Optimal allocation of financial sources subject to these two constraints is the major motto of Capital Structure. The main objective of this paper is to address different determinants of capital structure by clubbing them under a set of company-specific variables like non-debt tax shield, profitability, growth, liquidity, dividend, and firm size. The relationship of these firm-specific variables and their effect on capital structure decisions will be examined under a basic simple model. According to the research papers of Qian et al., 2009; DeAngelo et al., 2011 and Ebrahim et al., 2014, most of the companies adjust their debt leverage towards a targeted leverage score. This implies that companies frame their strategies towards capital structure and perform deviations from the debt leverage target only after adjusting the debt-equity ratio instantaneously. As these decisions have crucial impact on firms cost of capital, investment decisions, valuation and expected returns, this paper explains the rationale behind these decisions by investigating various determinants of capital structure. Literture Review The dependent variable of our study is capital structure. Various studies use various proxies for capital structure. Some argues that debt leverage is a good measure (Debt leverage is calculated as book total debt to book total assets) whereas some suggests book value is an efficient function for investigating firms financial behavior because of its marvelous explanation of assets with price stability. Moreover, managers prefer book value to make financial decisions because it is very expensive for companies to adjust the assets value responding to market condition (Myers, 1997 and Graham Harvey, 2001). According to Guney et al. (2011) and Ebrahim et al. (2014), the adjustment speed was found to be 36% and 28% for Chinese and Malaysian firms respectively by using lagged debt leverage. Now we move forward to explain the rationale for using different variables in our analysis as per the existing literature. Determinants of capital structure: - The explanatory variables under this study are the companys financial indicators. We have incorporated the most common factors under some broad classifications like non-debt tax shield, profitability, growth, liquidity, dividend, and firm size. These variables are very common in both developed and developing countries. Profitability: - According to the pecking order theory, companies prefer internal funds than external financial source (Myers, 1984). According to the Agency theory, highly profitable companies strive to raise more debt for reduction of agency cost due to the misuse of free cash flow by the managers of the firm (Jensen, 1986). Baskin (1989) suggests that past profits have important effect on current debt leverage. In our paper, we use the companys earnings before interest and tax as a measure of current profitability to investigate the companys capital structure decision. Firm size: - The existing literature reveals that the large firms having more stable profitability and flow of cash are associated with lower risk of bankruptcy and hence are authorized to raise higher debt from external financial sources (Fama and French, 2005; Frank and Goyal, 2009). On the other hand, Titman and Wessels (1988) suggests the inverse relation of the firm size to debt leverage since large firms are in a better position to issue equity than the small firms. Firm size is one of the traditional variables in the literature on capital structure and is measured by logarithm of total book assets. Non-debt tax shield: - According to the Trade-off theory, companies tend to obtain more debt when they benefit from higher tax shield. This gives an inverse relationship between debt leverage and non-debt tax shield (DeAngelo and Masulis, 1980). Non-debt tax shield is also a traditional variable analyzed in capital structure studies and it is measured by the sum of depreciation and amortization to total assets. Growth: - As per the papers by Myers and Majluf, 1984 and Frank and Goyal, 2009, debt leverage and growth are inversely related as companies possess easy access to equity funding when they have higher market growth opportunities. On the other hand, Guney et al. (2011) suggests that there is a positive impact of growth on debt decision. Shyam-Sunder and Myers (1999) argues that the change of book assets have significant impact on capital structure decision because of its direct impact on financial deficit. In this paper, we examine firm size by both market growth opportunity and book asset growth. Dividend: - According to Chen et al. (2009), there exist a positive relationship between debt leverage and dividend for the Chinese companies as they deliberately channel their profits to the shareholders through dividends. On the other hand According to Jensen et al. (1992), the effect of dividend is ambiguous i.e. it can be either positive or negative because companies take their dividend decisions by trading off constant financial charges. In our paper, we use dividend per share study to compute its effect on debt leverage. Liquidity: - According to Leary and Roberts (2010), certain companies tend to reserve their debt capacity either for future investment, or to counter the negative impact of underinvestment problems that arises due to high debt leverage. On the other hand, Guney et al. (2011) suggests that higher collateral predicts higher debt for Chinese firms because higher liquidity computed by current ratio shows lower debt whereas Agency cost theory argues that companies raise debt so as to reduce free cash flow by paying interest (Jensen, 1986).With a view to these distinct findings, the variables like current ratio, cash and marketable securities and cash from operation are used to calculate the impact of liquidity. Moreover, we also use quick ratio to observe collateral function in liquidity since quick ratio is nothing but current ratio obtained by excluding inventories. Various papers also focus on the macroeconomic policies and condition for financial behavior of the companies because of the fact that greater interest tax shields for firms (Frank Goyal, 2009 and Fan et al., 2012). According to Mokhova and Zinecker (2014), government debt to GDP has significant effect on capital structure. Several research journals also emphasize on the human resource factors while studying for capital structure. According to Grossman and Hart (1982), discussing the possibility of bankruptcy motivates the managers to increase their potential output. On the other hand, Kale et al. (2007) suggest that debt serves as a tool for bonding mechanism and is positively correlated with employee productivity as employees try to hedge the risk of job loss when the firm possesses high debt by maintaining higher productivity. This paper also argues that the magnitude of relationship between debt leverage and employee productivity is negatively influenced by external employment o pportunities. Thus, the role of debt is weakened when external employment opportunities are increased. Hypotheses development While examining the dependency of capital structure decision of various firms on various financial factors, we have to test the following hypotheses: H (1): Profitability has significant effects on capital structure decision. H (2): Firm size has significant effect on capital structure decision. H (3): Dividend has significant effect on capital structure decision. H (4): Liquidity has significant effect on capital structure decision. H (5): Growth has significant effect on capital structure decision. Testing these hypotheses will give us the understanding of the impact of these financial variables on our capital structure decisions. Research Methodology As reported by the literature review section, the capital structure decision is expected to be driven by the mentioned firm-specific financial factors. In our analysis we consider a simple OLS regression model for testing the hypotheses. For examining the firm-specific factors the equation is written as: Yit* = i + iXij + ui. (1) Here Yi represents the capital structure of the ith firm in tth year. X gives the vector of explanatory variables. The error term is represented by ui. The vector of explanatory variables, X, includes the following: - (1) EBIT, (2) firm size, (3) cash and marketable securities, (4) assets growth, (5) cash from operation, (6) dividend per share, (7) non-debt tax shield, (8) current ratio, (9) quick ratio, (10) growth opportunities. Descriptive statistics: - Table 1 gives the descriptive statistic of all the variables used in our analysis. The mean debt ratio is found to be 22.97% which states that these firms are less levered compared to companies of other developing countries and some developed countries. Variables Mean Standard Error Median Standard Deviation Sample Variance Kurtosis Skewness Range Minimum Maximum Sum Confidence Level(95.0%) Capital Structure 22.97377 1.262704 16.22877 0 20.82505 433.6825 3.429573 1.51394 141.6274 0 6248.864 2.485956143 EBIT 123410.2 27571.69 26396.5 0 454724 2.07E+11 10.76952 0.213199 4508967 -2294529 33567563 54281.94674 Book asset growth 33.03554 27.59178 1.45304 -100 455.0553 207075.3 262.3011 16.06343 7543.481 -100 8985.666 54.32148877 Market growth opportunity 7436.197 1270.255 954.7148 0 20949.58 4.39E+08 23.05907 4.506833 187070 -51423 2022646 2500.821946 Dividend per share 1.827893 0.620561 0 0 10.23455 104.746 79.29406 8.439262 110 0 497.187 1.221732538 Current ratio 524.2044 319.2929 0.125 0 5265.913 27729844 123.9754 10.87616 67823 0 142583.6 628.6098921 Quick ratio 0.630882 0.050026 0.195 0 0.825043 0.680696 3.013667 1.600359 4.28 0 171.6 0.098488169 Cash and Marketable securities 168831.9 18610.03 44941.5 0 306924.4 9.42E+10 20.76774 3.819782 2688644 0 45922264 36638.60935 Book total Debt 22.97377 1.262704 16.22877 0 20.82505 433.6825 3.429573 1.51394 141.6274 0 6248.864 2.485956143 Fim size 13.92436 0.133729 14.21559 0 2.205521 4.864324 15.54624 -2.82974 16.77148 0 3787.425 0.263280518 Non-debt tax shield 1.419533 0.111741 0.560943 0 1.842882 3.396214 3.344908 1.85759 8.794716 0 386.1129 0.219991048 Correlation matrix Correlation coefficient of all variables are examined in the study and presented in matrix form in the table 2 given below. It is observed that the correlation coefficients between the explanatory variables and capital structure are generally consistent. Capital Structure EBIT Book asset growth Market growth opportunity Dividend per share Current ratio Quick ratio Cash and Marketable securities Book total Debt Fim size Non-debt tax shield Capital Structure 1 -0.04439 -0.05752 0.280519 -0.17302 -0.03475 -0.18953 0.013309 1 0.257524 -0.14687 EBIT -0.04439 1 -0.0041 0.003335 -0.02881 0.003744 0.166344 0.26799 -0.04439 0.228438 -0.03596 Book asset growth -0.05752 -0.0041 1 -0.02115 -0.01579 -0.01082 -0.05236 -0.03733 -0.05752 -0.07473 -0.03106 Market growth opportunity 0.280519 0.003335 -0.02115 1 -0.06143 -0.03453 -0.03539 -0.07641 0.280519 -0.05595 -0.08401 Dividend per share -0.17302 -0.02881 -0.01579 -0.06143 1 -0.01194 0.33683 -0.09368 -0.17302 -0.24722 0.045613 Current ratio -0.03475 0.003744 -0.01082 -0.03453 -0.01194 1 0.090305 -0.03754 -0.03475 0.002733 0.051975 Quick ratio -0.18953 0.166344 -0.05236 -0.03539 0.33683 0.090305 1 0.110134 -0.18953 0.128627 0.409857 Cash and Marketable securities 0.013309 0.26799 -0.03733 -0.07641 -0.09368 -0.03754 0.110134 1 0.013309 0.404355 -0.06397 Book total Debt 1 -0.04439 -0.05752 0.280519 -0.17302 -0.03475 -0.18953 0.013309 1 0.257524 -0.14687 Fim size 0.257524 0.228438 -0.07473 -0.05595 -0.24722 0.002733 0.128627 0.404355 0.257524 1 -0.16438 Non-debt tax shield -0.14687 -0.03596 -0.03106 -0.08401 0.045613 0.051975 0.409857 -0.06397 -0.14687 -0.16438 1 Regression Result According to our analysis, we can say that the variables that are statistically significant are EBIT, Firm size, current ratio and book total debt. Statistical significance of the variable EBIT implies that a companys profitability is the most important determinant of its capital structure while statistical significance of the variable Firm size refers to the fact that bigger firms tends to have greater debt. Current ratio is observed to have negative statistically significant coefficients while cash and marketable securities possess statistically insignificant and negative coefficients. This result is in line with that of Guney et al. (2011) who claimed that liquidity represented by current ratio has negative impact on capital structure. Conclusion In this paper, we try to examine certain firm-specific financial variables which can significantly explain the capital structure of the companies under study. The analysis is based on a simple OLS regression model for testing the hypotheses explained earlier. Firstly, we aim to identify the prime determinants of capital structure. The regression analysis of debt leverage presents some surprising findings for some firm-specific variables in capital structure decision. For instance, dividend per share is no longer the core determinant for capital structure. In contrast, firm size, book total debt and current ratio have statistically significant coefficients. We believe that our research paper provides insights to understanding companys financial behavior in capital structure decisions in the context of emerging markets References An, Z.Y. (2012). Taxation and capital structure: Empirical evidence from a quasi-experiment in China, Journal of Corporate Finance, 18, pp. 683-689. Antoniou, A., Guney, Y. Paudyal, K. (2008). The determinants of capital structure: Capital market-oriented versus bank-oriented institutions, Journal of Financial and Quantitative Analysis, 43 (1), pp. 59-92. Arellano, M. Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations, Review of Economic Studies, 58, pp. 277-297 Arellano, M. Bover, O. (1995). Another look at the instrumental variables estimation of error components models, Journal of Econometrics, 68, pp. 29-51. Bas, T., Muradoglu, G. Phylaktis, K. (2009). Determinants of Capital Structure in Developing Countries, Working Paper, Cass Business School, UK. Baskin, J. (1989). An empirical investigation of the pecking order hypothesis, Financial Management, 18 (1), pp. 26-35. Bhabra, H.S., Liu, T. Tirtiroglu, D. (2008). Capital structure choice in a nascent market: Evidence from listed firms in China, Financial Management, 37 (2), pp. 341-364. Blundell, R. Bond, S. (1998). Initial conditions and moment restrictions in dynamic panel data models, Journal of Econometrics, 87, pp. 11-143. Beck, T., Demirguc-Kunt, A. Maksimovic, V. (2008). Financing patterns around the world: Are small firm different? Journal of Financial Economics, 89, pp. 467-487. Chang. C., Chen, X. Liao, G. (2014). What are the Reliably Important Determinants of Capital Structure in China? Pacific-Basin Finance Journal (forthcoming). Chen, D.H., Jian, M. Xu, M. (2009). The role of dividends in a regulated economy: the case of China, Pacific-Basin Finance Journal, 17, pp. 209-223. Chen, D., Jian, M. Xu, M. (2006). Dividends for tunneling in a regulated economy: The case of China. Working Paper. DeAngelo, H. Masulis, R.W. (1980). Optimal capital structure under corporate and personal taxation, Journal of Financial Economics, 8, pp. 3-29. DeAngelo, H., DeAngelo, L. Whited, T.M. (2011). Capital structure dynamics and transitory debt, Journal of Financial Economics, 99, pp. 235-261. Drobetza, W., Gounopoulos, D., Merikas, A. Schrder, H. (2013). Capital structure decisions of globally-listed shipping companies, Transportation Research Part E, 52, pp. 49-76. Fama, E.F. French, K.R. (2005). 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McCall, University of Chicago Press, Chicago. Guney, Y., L. Li Fairchild, R. (2011). The relationship between product market competition and capital structure in Chinese listed firms, International Review of Financial Analysis, 20, pp. 41-51. Harris, M. Raviv, A. (1991). The theory of capital structure, The Journal of Finance, 46 (1), pp. 297-355. Huang, G. Song, F.M. (2006). The determinants of capital structure: Evidence from China, China Economic Review, 17, pp. 14-36. Jensen, M. (1986). Agency cost of free cash flow, corporate finance, and takeovers, American Economic Review, 76 (2), pp. 323-329. Jensen, M., Solberg, D. Zorn, T. (1992). Simultaneous determination of insider ownership, debt and dividend policies, Journal of Financial and Quantitative Analysis, 27, pp. 247-261. Kale, J.R., Ryan, H.E. Wang, L. (2013). Outside employment opportunities, employee productivity, and debt disciplining. Available at SSRN: https://ssrn.com/abstract=1022067 or https://dx.doi.org/10.2139/ssrn.1022067. Kale, J., Ryan Jr., H. Wang, L. (2007). Debt as a bonding mechanism: Evidence from the relations between employee productivity, capital structure, and outside employment opportunities. Working Paper, Georgia State University. Leary, M.T. Roberts, M.R. (2010). The pecking order, debt capacity, and information asymmetry, Journal of Financial Economics, 95, pp. 332-355. Lee, C.W.J. Xing, X. (2004). Tunneling dividends [online]. Available at: https://ssrn.com/abstract=693361 (Oct. 28th, 2014). Lemmon, M.L., Roberts, M.R. Zender, J.F. (2008). Back to the beginning: persistence and the cross-section of corporate capital structure, Journal of Finance, 63, pp. 1575-1608. Margaritis, D. Psillaki, M. (2010). Capital structure, equity ownership and firm performance, Journal of Banking and Finance, 34, pp. 621-632. Mokhova, N. Zinecker, M. (2014). Macroeconomic factors and corporate capital structure, Procedia Social and Behavioral Sciences, 110, pp. 530-540. Myers, S.C. (1977). Determinants of corporate borrowing, Journal of Financial Economics, 5, pp. 147-175. Myers, S.C. Majluf, N.S. (1984). Corporate financing and investment decisions when firms have information that investors do not have, Journal of Financial Economics, 13, pp. 187-221. Myers, S.C. (1984). The capital structure puzzle, Journal of Finance, 39 (3), pp. 575-592. Qian, Y., Yao, T. Wirjanto, T.S. (2009). Do Chinese publicly listed companies adjust their capital structure toward a target level? China Economic Review, 20, pp. 662-676. data, Journal of Finance, 50, pp. 1421-1460. Rajan, R. Zingales, L. (1995). What do we know about capital structure? Some evidence from international data, Journal of Finance, 50, pp. 1421-1460. Sapienza, P. (2004). The effect of government ownership on bank lending, Journal of Financial Economics, 72 (2), pp. 357-384. Titman, S. Wessels, R. (1988). The determinants of capital structure choice, Journal of Finance, 43 (1), pp. 1-19. Wiwattanakantang, Y. (1999). An empirical study on the determinants of the capital structure of Thai firms, Pacific-Basin Finance Journal, 7, pp. 371-403.

Tuesday, December 3, 2019

Please Describe Your Experience of Working free essay sample

Teamwork was a part of my undergraduate degree. A specific example of a teamwork challenge that I faced was the annual robotic competition. The team was polarized on the subject of the mechanism design. Given time and resource constraints it would not have been possible to allow sub groups to pursue individual projects. The problem was eventually resolved by adopting a design in line with the project objects and which was realizable within the limited time period with budget. As a team leader I filled in the role of a facilitator and kept the team on track in meeting the deliverables. I also ensured that each member got a fair share of participation and could contribute equally since the project was crucial for every engineering student and each of us was there to learn. The effort was successful as the team emerged the 5th best team amongst 50 other participating teams. I am a strong team player and where necessary I have taken a back seat allowing more capable members to take the leadership role. We will write a custom essay sample on Please Describe Your Experience of Working or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page For example in the Indian dance team, of which I have been an active member for six years, I contribute primarily as a dancer. Choreography, which is the imperative requirement for a team leader is not my forte and hence I contribute as a participant and I manage the budget or welfare. However this does not limit me from contributing to the team in terms of creative dance moves or stage management. I am open to criticism and consider it essential to share something, which might bring out a better performance. I also encourage the team and organize social events to create opportunity for the team to get to know each other beyond the work environment.

Wednesday, November 27, 2019

Babbitt By Sinclair Lewis (1885-1951) Essays - Babbitt, Winnemac

Babbitt by Sinclair Lewis (1885-1951) Babbitt by Sinclair Lewis (1885-1951) Type of Work: Social commentary Setting Zenith, a mythical Midwestern American city; 1920s Principal Characters George F. Babbitt, a middle-aged real estate agent Myra, his wife Ted, their teenage son Paul Reisling, George's buddy from college Zilla, Paul's nagging wife Tanis Judique, George's mistress Seneca Doane, a radical lawyer and George's former college friend Story Overveiw As another day began in Zenith, sleeping George Babbitt fought to ignore the morning sounds - the milk truck, the furnace-man, a dog barking - so that he could cling to the dream he was having. He had the same dream often. It involved a "fairy child" who discerned"gallant youth" where "others saw but George Babbitt." But now the day beckoned. George pulled himself from bed, bathed, shaved, dressed, and then trudged downstairs to eat. As usual, Babbitt was a grumpy breakfast partner; a foul mood was expected of a respectable businessman. He grumbled at his nearly adult children, Verona and Ted, and argued with Myra, his wife. No one in the house appreciated all he did for them. Babbitt gulped down his food, "laid unmoving lips against [Myra's] unblushing cheek," and left for work. Driving toward his office in down town Zenith, he admired the "bigness" of the city. In fact, "Babbitt respected bigness in anything: in mountains, jewels, muscles, wealth, or words... " At the Reeves Building where the Babbitt-Thompson Realty Company had its offices, he wrote an advertisement designed to entice buyers to purchase the company's cemetery plots, then phoned his old school friend Paul Reisling and made arrangements for lunch. Babbitt always ate in the Zenith Athletic Club, and today was no exception. He normally sat with "the Roughnecks," an intimate group of big businessmen, but today he and Paul sat by themselves. Paul was more than a little depressed with his shrewish wife Zilla, who constantly badgered him, embarrassed him in public, and treated him like a little boy. While the two friends complained about their colorless lives, they struck on the idea of getting away to Maine by themselves that next summer to "just loaf ... and smoke and cuss and be natural." Babbitt assured Paul that he would arrange everything with their wives. The day ended with Babbitt firing a salesman for being too honest. At home, as usual, Babbitt ate dinner, the kids left the house, and he plunked himself on the sofa for some lazy reading. But a seed of dissatisfaction swelled up in him; he vowed that the following year would bring changes in his life. The next year began well for Babbitt. Money poured in as he secretly bought real estate options in a Zenith suburb, Linton, in anticipation of "the public announcement that the Linton Avenue Car Line would be extended." Babbitt told Myra about his plan to run up to Maine with Paul early that spring and bullied Zilla into letting Paul go, too. Paul and Babbitt arrived in Maine's north woods, and both found the climate, surroundings, fishing, hiking and camaraderie, soothing. Paul started looking at his distant wife with a more forgiving eye. He began to feel that his marriage would somehow be different - better; maybe he could "go back and start over again." Babbitt, on the other band, "sank into irritability," as though he had "uncovered layer upon layer of hidden weariness." But he still promised himself that his life would be, from then on, less hurried and hectic. After his return from Maine, Babbitt was given the opportunity to address the State Association of Real Estate Boards at their annual convention. He tried for days to come up with a speech to express his new-found relaxation; to somehow convince businessmen that they needed to see life from a deeper perspective. But just before the convention he trashed his notes, and, instead, parrotted the ideas he knew his peers wanted to hear. Enthusiastically, he proclaimed the real estate profession, Zenith, and every good thing about the city, as "God's gift to earth." Babbitt's speech was a success. One of Zenith's newspapers even printed his picture. After that, things really took off. That November, Harding won the Presidential election, but in Zenith the mayoral race was the fight that really counted. Seneca Doane, a radical lawyer and Babbitt's former college acquaintance - was running on a liberal labor ticket, while his opponent, Lucas Prout, had the support of "the banks, the Chamber of Commerce, all the decent newspapers, and George F. Babbitt." "Prout represented honest industry, Seneca Doane represented whining laziness," Babbitt told campaign audiences. In the end, Prout - and by extension, Babbitt - won. Soon thereafter, Babbitt was picked to serve on a church committee

Sunday, November 24, 2019

Dont Be Burnt By Inflammable

Dont Be Burnt By Inflammable Don’t Be Burnt By â€Å"Inflammable† Don’t Be Burnt By â€Å"Inflammable† By Simon Kewin The words â€Å"flammable† and â€Å"inflammable† mean the same thing: â€Å"easily set on fire†. Why is this? In English, the in- prefix is often used to reverse the meaning of an adjective. Thus inactive is the opposite of active and inelegant is the opposite of elegant. So why isn’t inflammable the opposite of flammable? The reason is that the in of inflammable is not the prefix meaning â€Å"not†. Inflammable derives from the Latin in meaning into and flamma, a flame. Flammable derives simply from flamma. Inflammable is thus very close to the word enflame, which has the same origin. In practice, it can be confusing having two words that sound as if they could be opposites but which actually mean the same thing. It could even be dangerous, if â€Å"inflammable† were taken to mean â€Å"not flammable†. The Compact Oxford English Dictionary recognizes this and recommends using â€Å"flammable† at all times : The words flammable and inflammable have the same meaning. It is, however, safer to use flammable to avoid ambiguity, as the in- prefix of inflammable can give the impression that the word means ‘non-flammable’.† As this quotation makes clear, the opposite of flammable is not inflammable but non-flammable or simply â€Å"not flammable†. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:Comma After i.e. and e.g.3 Cases of Complicated Hyphenation90 Verbs Starting with â€Å"Ex-†

Thursday, November 21, 2019

Yesterday Essay Example | Topics and Well Written Essays - 750 words

Yesterday - Essay Example (Carchiolo, Longheu, & Malgeri 2002). This essay evaluates the functional efficiency of Web 2.0 technology in the classroom, with particular emphasis on Computer Supported Collaborative Learning (CSCL) and Ning.com. Past research into Computer Supported Collaborative Learning (CSLC) argues that the implementation of such platforms in the classroom engenders an environment of positive interdependence, as students are motivated by a shared desire to succeed. (Kravcik et al., 2004) An article in Educational Technology & Society titled ‘An educational mobile blogging system for supporting collaborative learning’ (Huang, Huang & Jeng, 2009, Web) advanced methodological research for to determine the efficacy of implementing Computer Supported Collaborative Learning (CSLC) in collegiate educational environments. While typical conceptions of the classroom place the educational environment at direct odds with handheld devices such as cell-phones, ipods, and BlackBerry’s, this research argues that these devices might actually not be as detrimental to education as is commonly determined; when used in teacher-directed ways they might indeed have a positive benefit for the learning exper ience. The study took place among a group of collegiate sophomores in Taiwan: â€Å"There were 5 groups and each group was assigned a topic. The topics included Arrays, Stacks, Queues, Linked Lists and Tree.† (Huang, Huang & Jeng, 2009, Web) The study used web blogging through RSS feeds; that is, a twitter-like mechanism that updated quickly when students or the professor uploaded new information to the platform. The platform also stored these uploads in an accessible database. In essence, the professor would lecture in class, and periodically post discussion topics on the RSS server. The students then were able to collaboratively respond to the discussion topics and gain direct help and feedback on issues which they were confused. At the end of the