Convertible Debt: Relevance and Features
In basic terms, a convertible debenture can be viewed as a means of financing in which case the debt-holder is given an option of converting the debt to stock. Like an ordinary debt, convertible debentures pay the debt-holder an interest. Companies including but not limited to small "dot-com" companies have in the past used convertible debentures to not only raise the capital they require to grow but to also maintain their businesses. Such companies choose to use this means of finance for a variety of reasons.
To begin with, it is important to note that unlike ordinary debentures, convertible debentures have a conversion feature. This feature should be likened to a sweetener. For any small business, attracting capital could prove really difficult. This is more so the case for small startups with unproven profitability and limited operating history. It is important to note that although many small "dot-com" companies had promising futures, their limited operating history was largely insufficient to guarantee them easy...
company's investment success especially in relation to other companies. The paper aims at establishing how a company's competitiveness can be calculated in relation to others in the same industry and the factors that hinder the calculations or hinder a true picture of the same Compare industry average and a main competitor For convenient comparison of industry average, majority of companies place Industry average values next to a company's financial measures for
This shift in responsibility that a payoff can force over time needs to be dealt with from a business process management and change management standpoint over the long-term (Jacobs, Chase, 2010). By concentrating on the unique requirements and needs of the internal stakeholders, payoff analysis can be profitable and productive over the long-term. References: Juan Alberto Aragon-Correa, & Enrique a Rubio-Lopez. (2007). Proactive Corporate Environmental Strategies: Myths and Misunderstandings. Long-Range Planning,
As a result, economic development was redefined in terms of reduction or elimination of poverty, inequality, and unemployment within the perspective of a growing economy (Mamede & Davidsson, 2003). Research indicates that entreprenuership can be both the cause and effect of economic development in the sense of wealth distribution. Countries in which wealth is concentrated in the hands of a small fraction of the population face greater difficulties in coordinating
Under the arrangement, moreover, a country with efficient production and a favored competitive position (including as enhanced by new capital goods) is rewarded with rising income and reduced unemployment. No grand scheme of state or international planning and direct control is required. Exchange rates are for the most part fixed under the classical gold-flows mechanisms (say, $/£ const. within fixed limits), as stated, and adjustments to trade imbalances
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