Reference no: EM13138258
Students are advised to concentrate on the following attributes to create a quality assignment:
• Content
• Introduction
• Structure
• Expression
• Presentation
• Conclusion and
• Reference List
Note:
• The above items are attributes of a good assignment - they are not sections.
• Work that fails to show adequate acknowledgement of sources will not receive a mark.
• Each question must have minimum of three academic references in the reference list and the referencing must follow good academic format.
Q1.references (maximum limit of 500 words)
a) Define agency problem, explaining two types of agency costs.
b) Comment on the following quote:
"... agency problems do not mean that the corporate firm will not act in the best interest of shareholders, only that is costly to make it do so. However, agency problems can never be perfectly solved ..."
Source: Ross, S. A., Westerfield, R. W. and Jaffe, J. F. (1990) Corporate Finance (2nd ed). Richard D. Irwin. Inc. USA (p.16).
Q2. references (maximum limit of 500 words)
How important is good governance and ethics for a firm? Provide answers with examples and theoretical explanations.
Q3.references (maximum limit of 500 words)
Critically examine the following quote:
"...the agency costs of [controlling minority shareholders] CMSs are increasing the larger the potential for private benefits extraction. This suggests that, in many countries around the world, the main agency problem is between CMSs and non-controlling shareholders rather than between managers and small, dispersed shareholders."
Source: Cronqvist, M. and Nilsson, M. (2003). Agency costs of controlling Minority Shareholders. The Journal of Financial and Quantitative Analysis, Vol. 38, No. 4 (Dec., 2003), pp.695-719.
In addition to the cited references, students are strongly urged to read reviewed journal articles including Jensen, M.C. and Meckling, W. H. (1976). Theory of the firm: managerial behaviour, agency cost and ownership structure. Journal of Financial Economics, 3 (4) pp. 305-360. Please note: understanding the notions in the articles is more important than an entanglement with the advance math in many of the articles.
|
Professional and personal life
: What are your goals for this course? How do you expect to use writing in your university career, and in your professional and personal life? How do you set goals for writing an academic paper?
|
|
Opinion in the internal control audit report
: The existence of a material weakness led to an adverse opinion in the internal control audit report of a publicly traded company. Which of the following statements is correct if management believes that it has remediated the weakness?
|
|
Calculate the projected misstatement
: Williams, CPA intends to use probability-proportional-to-size sampling. He has properly selected and audited a sample of 100 accounts receivable from his client's population of 3000 accounts. He calculated a sampling interval of $5,000 and the tol..
|
|
International resource management
: Describe the complexity of the politics of resource management. (the word "resource could be replaced by one particular item such as "water", "oil" or "minerals")
|
|
Minority shareholders
: Comment on the following quote:"... agency problems do not mean that the corporate firm will not act in the best interest of shareholders, only that is costly to make it do so. However, agency problems can never be perfectly solved ..."
|
|
Examination of housing issue in germany
: Need help in researching and examining Germany's housing policy since the end of the Second World War when the country was faced with a massive housing shortfall.
|
|
Problem related to data for segments of the organization
: When an income statement shows data for segments of the organization, and data for each segment are added together to get totals for the whole organization:
|
|
Calculate the amount of dividends declared
: Calculate the amount of dividends declared during 20x8 on the nonconvertible preferred stock.
|
|
Sale of business assets or capital assets
: Mr. Green seeks your advice as to the tax consequences attached to each offer. Assume that he will no other sale of business assets or capital assets during the year. What is your advice?
|